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I've recently found a web which allows to create ripple paper wallets. The website is bithomp.com. At bithomp.com there are several buttons.

My question is: what's the difference between the Account generator button and the Wallet button?

When clicking on any of these two buttons, the web generates pairs of public and private keys. Should I just use Wallet for generating a paper wallet or can I also use Account generator?

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Ripple account generator generating a key pair, you can download this page, or download a repo from github (https://github.com/OctillionSA/generate-ripple-wallet) and run the code offline or from github (https://octillionsa.github.io/generate-ripple-wallet/). It's like a quick way to get key pair, useful for test purposes. Also can be used as a cold storage if you generate it offline and print it out.

The Ripple paper wallet is more advanced version, useful for printing it out as it has QR codes and can be nicely folded. It also can be run from github https://octillionsa.github.io/ripple-paper-wallet/, but for your security it's recommended to download it from github https://github.com/OctillionSA/ripple-paper-wallet and to run it offline.

So, shortly: paper wallet is the better version if you want to print out your keypair. Algoritms are the same, they use ripple-lib to generate key pair on your side (client side).

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