The privacy policy can be written as an independent page on your website, and be made accessible as a link in the header or footer of your website, or on your ‘About’ page.
It may also be hosted by a privacy policy-service with a link from your homepage.
Basically, it doesn’t matter where you choose to place it, as long as your users have access to it.
The privacy policy is a legal text. The phrasing depends on which jurisdictions your website falls under and how your website handles data.
All websites are different. We always recommend that you consult a lawyer to ensure that your privacy policy is compliant with all applicable laws.
However, this might seem as a large expense if you are, for instance, a hobby blogger or small business.
What you should never do, is to copy a privacy policy from some other website.
That is also why using a privacy policy generator can be a hazardous thing, since you must be very careful to include all the specific information of your website, and not just have privacy policy generator spit out a default one that isn't aligned with your domain
GDPR privacy policy templates & privacy policy generatorsThere exists numerous tools for creating privacy policies, and privacy policy templates and privacy policy generators on the internet.
Some are free and others come at a price. Some are not GDPR compliant privacy policies.