Best Crypto Wallet | Bitcointalksearch.org

Pmalek

legendary

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Quote from: ? on November 01, 2024, 01:27:22 PM

There is a list of many crypto wallets here on (Link removed).

There are better sources than the one you mentioned or perhaps shilled. It's just a list. The Bitcoin Hole compares the most important features of both software and hardware wallets in a much better format.

Quote from: Agbe on November 01, 2024, 02:17:23 PM

Electrum Wallet is good which I am using it with error foe years now. The transaction fee is very small and it is not up to a dollar so it is affordable at all time of transaction. But when the mempool is congested then the fee will be high. But it is one of most secure wallet to store bitcoin. Bluewallet transaction fee is high than Electrum. So you choose your choice.

It seems like you are allowing your wallet to tell you how much to pay in fees. That's not how it's supposed to work. Both of the wallets you mentioned allow you to enter transaction fees manually. You are supposed to check the current state of the network and then enter appropriate fees into the software.

Quote from: Z-tight on November 01, 2024, 02:27:04 PM

Electrum wallet is also an online wallet, so it may not be the best for long term storage of a large amount of BTC, for that either use a hardware wallet or run Electrum in an airgapped device.

As you know, Electrum can also be coupled with popular hardware wallets so it stops being a hot wallet in that case.

Quote from: Smartprofit on November 04, 2024, 11:24:44 AM

In my opinion, the best option is the Electrum mobile wallet.

Why limit yourself exclusively for the mobile variant of Electrum when the desktop version is better and more feature-rich? Personally, I would always pick Blue Wallet on mobile over Electrum.

PepeLapiu

jr. member

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I strongly suggest you get a Bitcoin only wallet. If you want to play with s**tcoins, use a separate s**tcoin wallet for those.

I really like Electrum for both Android and Windows. I only hear good things about Sparrow.

That was for hot wallets. For cold wallet, I like the ColdCard together with CryptoSteel, or any other stamped seed wallet system.

But you don't have to overdo it. I think for most people, an old cellphone with Electrum installed on it, turned off when you are not using it, along with your seed phrase saved on paper. That should do the trick for most. You can likely find an old android phone with removable battery at any pawnshop or Amazon.

Z-tight

hero member

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Quote from: tread93 on November 04, 2024, 03:01:08 PM

One that is super simple and just reliable is the HODL wallet 😎 now many folks may not use this wallet but I can vouch that they are in fact a very great wallet and I’ve been using them for a long time.

I don't think i have heard anything about this wallet before, and i am surprised you say you can vouch for them, is it a closed or open source wallet. I would still recommend Electrum to store your BTC for the short term, and for long term storage, you can run Electrum in an airgapped wallet or use a hardware wallet.

Quote from: fikrett on November 05, 2024, 01:49:04 AM

However - how many are using Trust wallet and suffered from it?.. I didn't hear much of the cases, I mean, if we are talking about the pain of it being close-sourced.

Yeah, many people are using trust wallet, but it does not make it recommended, if you cannot verify the code of the wallet you use, then you cannot be sure of what is happening behind the scenes. So many Atomic wallet users lost their funds sometime ago, but up until today they do not know what really happened and the wallet hasn't given details about it.

?

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Quote from: tread93 on November 04, 2024, 03:01:08 PM

Quote from: purinZ14 on May 23, 2024, 07:21:41 AM

Just from the title alone… I wanted to ask what possibly the best wallet to hold bitcoin in?

Before anyone says that it depends on what I need specifically then here is what I am here for. I can not decide which one really is the best based on the things I want. First of all I plan on holding some bitcoin (not huge amount) for a foreseeable future. However I also plan on swapping it for usdt from time to time aka when the price is getting high. I need a wallet that has low fees when swapping , preferably decentralized and in mobile and is secure.

Any recommendations?

One that is super simple and just reliable is the HODL wallet 😎 now many folks may not use this wallet but I can vouch that they are in fact a very great wallet and I’ve been using them for a long time. Use a cold storage wallet though for the bulk of what you have I just like using HODL for smaller amounts and I like the layout

Never heard about it.. But I will definitely give it a look, thanks!
And about the bulk in the coldie - true words. If a person is afraid and wants security on the right level - that's a great way to ensure it.

FortuneFollower

copper member

Activity: 168

Merit: 4

Quote from: SquirrelJulietGarden on November 04, 2024, 09:51:36 PM

Quote from: Smartprofit on November 04, 2024, 11:24:44 AM

You can read more here -

https://electrum.readthedocs.io/en/latest/coldstorage.html

Electrum wallet types.
Creating a cold storage wallet in Electrum.

Some important reminders to use Electrum wallet safely.
The paranoid user's security guide for using Electrum safely.

Bitcoin users must be careful with fund storage, no matter the fund is small or big. If they are careless with small fund, they will make their habit of careless storage so with big fund, they won't become more careful. Losing a fund is a loss, no matter it is big or small fund.

A beginner guide to Bitcoin security.
Securing your wallets.

The links are much appreciated!
Truly, it's important to start a good habit in order for it to grow with time and become really useful in the times to come.

fikrett

jr. member

Activity: 70

Merit: 1

Quote from: Plaguedeath on November 04, 2024, 11:47:16 PM

Quote from: ungkuahmad on November 04, 2024, 10:17:16 PM

what does closed source mean? do they not share private keys with third parties? if that's what it means, but why was my personal wallet trust wallet hacked by someone even though I never gave or told anyone the private key and they stole all the assets in my wallet, even though I had installed all the security.. is there a great hacker who can penetrate the security of trust wallet or is the security system less secure?

Closed source mean the code can't be viewed by anyone because the developers hide it.

If the wallet is open source, anyone can see the code and someone can verify whether it contain malicious code or something like that. So, if you're using closed source wallet, you must trust 100% with the developers, however this ruin Bitcoin idiom which is "don't trust, verify". No one can know if the developers share the private keys or not with third parties since it's closed source.

This one is the example of closed source https://github.com/trustwallet/wallet-core/blob/master/android/.gitignore

Yeah, you basically play the credibility to the hands of the wallet devs.
However - how many are using Trust wallet and suffered from it?.. I didn't hear much of the cases, I mean, if we are talking about the pain of it being close-sourced.

Plaguedeath

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Quote from: ungkuahmad on November 04, 2024, 10:17:16 PM

what does closed source mean? do they not share private keys with third parties? if that's what it means, but why was my personal wallet trust wallet hacked by someone even though I never gave or told anyone the private key and they stole all the assets in my wallet, even though I had installed all the security.. is there a great hacker who can penetrate the security of trust wallet or is the security system less secure?

Closed source mean the code can't be viewed by anyone because the developers hide it.

If the wallet is open source, anyone can see the code and someone can verify whether it contain malicious code or something like that. So, if you're using closed source wallet, you must trust 100% with the developers, however this ruin Bitcoin idiom which is "don't trust, verify". No one can know if the developers share the private keys or not with third parties since it's closed source.

This one is the example of closed source https://github.com/trustwallet/wallet-core/blob/master/android/.gitignore

ungkuahmad

newbie

Activity: 304

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Quote from: Plaguedeath on November 04, 2024, 08:45:51 AM

Zengo, Coinbase and Trust Wallet are closed source wallet.

what does closed source mean? do they not share private keys with third parties? if that's what it means, but why was my personal wallet trust wallet hacked by someone even though I never gave or told anyone the private key and they stole all the assets in my wallet, even though I had installed all the security.. is there a great hacker who can penetrate the security of trust wallet or is the security system less secure?

SquirrelJulietGarden

hero member

Activity: 1442

Merit: 775

Quote from: Smartprofit on November 04, 2024, 11:24:44 AM

You can read more here -

https://electrum.readthedocs.io/en/latest/coldstorage.html

Electrum wallet types.
Creating a cold storage wallet in Electrum.

Some important reminders to use Electrum wallet safely.
The paranoid user's security guide for using Electrum safely.

Bitcoin users must be careful with fund storage, no matter the fund is small or big. If they are careless with small fund, they will make their habit of careless storage so with big fund, they won't become more careful. Losing a fund is a loss, no matter it is big or small fund.

A beginner guide to Bitcoin security.
Securing your wallets.

CroverNo01

sr. member

Activity: 588

Merit: 269

Quote from: uneng on November 04, 2024, 12:01:19 PM

I have been using Trezor for some years already, and I have nothing to complain about it. It's accessible and easy to use, fulfilling its purpose as it should. I purchased mine for something around 150$, as far as I remember, but right now there are already more modern models of Trezor available. In my opinion it's an expensive wallet, but if you take into consideration the security it brings to the user, it totally worth the cost.

Trezor is suitable to mean our obligations in the market. The crypto space is wide and creating more timing to know our main objectives in the market. Everyone have their best crypto wallet in the space because they meet their ends properly. I'm sticking to the non-custodial crypto wallets because they're more placed safer when it comes to crypto portfolios. Our private 12 phrases are main setup for these wallets, we hold them firmly and kept in discrete location for our own safety, who knows what will happen if they happen to fall in the wrong hands.

tread93

hero member

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Quote from: purinZ14 on May 23, 2024, 07:21:41 AM

Just from the title alone… I wanted to ask what possibly the best wallet to hold bitcoin in?

Before anyone says that it depends on what I need specifically then here is what I am here for. I can not decide which one really is the best based on the things I want. First of all I plan on holding some bitcoin (not huge amount) for a foreseeable future. However I also plan on swapping it for usdt from time to time aka when the price is getting high. I need a wallet that has low fees when swapping , preferably decentralized and in mobile and is secure.

Any recommendations?

One that is super simple and just reliable is the HODL wallet 😎 now many folks may not use this wallet but I can vouch that they are in fact a very great wallet and I’ve been using them for a long time. Use a cold storage wallet though for the bulk of what you have I just like using HODL for smaller amounts and I like the layout

Z-tight

hero member

Activity: 994

Merit: 1089

Quote from: STINKYBEE on November 04, 2024, 11:41:32 AM

I see only the one major drawback in for using hardware wallet is if someone who kept all his bitcoin into his hardware wallet and something happenes to him either accident, loss of memory or even death then unfortunately, his family willl unable to access the wallet. In sort loss of funds. So, all in one seems kinda scary decision for the person who aims to hodl till long privately without sharing keys to their parents who can be trusted.

This is not a drawback, even if you use a software wallet and any of what you mentioned happens to you, nobody will be able to inherit your funds. If you are worried about inheritance, work on what works best for you in terms of inheritance plans, so a member of your family would be able to inherit your funds.

However, do not compromise security for anything, not even inheritance. First thing is to protect your funds, either through a hardware wallet or airgapped wallet, before considering any other thing.

uneng

hero member

Activity: 2044

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Leading Crypto Sports Betting & Casino Platform

I have been using Trezor for some years already, and I have nothing to complain about it. It's accessible and easy to use, fulfilling its purpose as it should. I purchased mine for something around 150$, as far as I remember, but right now there are already more modern models of Trezor available. In my opinion it's an expensive wallet, but if you take into consideration the security it brings to the user, it totally worth the cost.

STINKYBEE

jr. member

Activity: 15

Merit: 0

Quote from: Popkon6 on May 23, 2024, 09:56:10 AM

If you want to accumulate bitcoins it is definitely best to hold bitcoins for a long time. For this you can use hardware wallet as a hard wallet, where your bitcoins will be most secure. But I don't think there is any need to exchange your USD, if you hold Bitcoin you should keep it in Bitcoin and you will get the best results. Very common are two types of software and hardware wallets, you can choose any type of wallet.

I see only the one major drawback in for using hardware wallet is if someone who kept all his bitcoin into his hardware wallet and something happenes to him either accident, loss of memory or even death then unfortunately, his family willl unable to access the wallet. In sort loss of funds. So, all in one seems kinda scary decision for the person who aims to hodl till long privately without sharing keys to their parents who can be trusted.

Smartprofit

legendary

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Quote from: purinZ14 on May 23, 2024, 07:21:41 AM

Just from the title alone… I wanted to ask what possibly the best wallet to hold bitcoin in?

Before anyone says that it depends on what I need specifically then here is what I am here for. I can not decide which one really is the best based on the things I want. First of all I plan on holding some bitcoin (not huge amount) for a foreseeable future. However I also plan on swapping it for usdt from time to time aka when the price is getting high. I need a wallet that has low fees when swapping , preferably decentralized and in mobile and is secure.

Any recommendations?

In my opinion, the best option is the Electrum mobile wallet. You can download it from the official Electrum website.

This is an open-source project with a user-friendly interface that is very popular among Bitcoin users. You can even use a wallet based on two smartphones. The first smartphone will be autonomous (you will never connect it to the Internet). You will use it exclusively for signing transactions. The second smartphone will be used to view the transaction history and create transactions.

Such a bundle of two smartphones with the Electrum application installed on them provides maximum security (in fact, it is a cold wallet).

You can read more here -

https://electrum.readthedocs.io/en/latest/coldstorage.html

Smack That Ace

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Quote from: SquirrelJulietGarden on November 04, 2024, 10:35:16 AM

Quote from: ? on November 04, 2024, 09:33:44 AM

Diversification of the funds is important, in my opinion.
Even if you don't have that much funds, you still can do what's in your ability to minimize the risks for yourself and diversify. As well as manage the risks.
That's only my opinion, of course.
Even though I do use only two wallets myself just for the reason to not to have all the eggs in one basket, nothing would be wrong to diversify even more Roll Eyes

Diversify your fund into different wallets is a good practice. You are managing your fund like whales that never store all bitcoins in a single wallet. Whales have other reasons for this practice too but let's discuss only about safety of your fund by this diversification.

One wallet can be hacked, one device can be compromised, but if you can diversify your fund into some wallets, it's good. At least it saves you and you won't lose all your bitcoin in a single accident like hack.

The key is always be careful with your practice online and offline. Choose a good wallet (non custodial, open source), create your wallet, back up, test your backup, funding it with a small amount, and only funding it with full amount later if a small test works well. Store your backup safely and check it regularly.

When it comes to storing a large amount of assets, diversifying storage locations is what we need to do because it will reduce risk, but it will also put more pressure on us and is not as perfect as we think. If you use 2 or 3 wallets to store your bitcoins, that means you will also have to protect 2 to 3 seed phrases/private keys. This is also something to consider because protecting seed phrases is not easy, especially when there are many seed phrases.

In general, every method has its advantages and disadvantages, no method can guarantee no risk and absolute safety, so it all depends on our choice. Personally, I still prefer to use a single wallet to store bitcoins and I've been fine with that for many years.

SquirrelJulietGarden

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Quote from: ? on November 04, 2024, 09:33:44 AM

Diversification of the funds is important, in my opinion.
Even if you don't have that much funds, you still can do what's in your ability to minimize the risks for yourself and diversify. As well as manage the risks.
That's only my opinion, of course.
Even though I do use only two wallets myself just for the reason to not to have all the eggs in one basket, nothing would be wrong to diversify even more Roll Eyes

Diversify your fund into different wallets is a good practice. You are managing your fund like whales that never store all bitcoins in a single wallet. Whales have other reasons for this practice too but let's discuss only about safety of your fund by this diversification.

One wallet can be hacked, one device can be compromised, but if you can diversify your fund into some wallets, it's good. At least it saves you and you won't lose all your bitcoin in a single accident like hack.

The key is always be careful with your practice online and offline. Choose a good wallet (non custodial, open source), create your wallet, back up, test your backup, funding it with a small amount, and only funding it with full amount later if a small test works well. Store your backup safely and check it regularly.

?

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Quote from: AVE5 on November 04, 2024, 08:05:06 AM

Quote from: ? on November 04, 2024, 07:52:01 AM

Quote from: AVE5 on November 04, 2024, 07:22:44 AM

Exodus has the all time features you are requesting but remember it's a hot wallet otherwise I'd recommend you to electrum atleast regarding an utmost safety of your funds first before considering convenience user transaction interfaces.

What about using both, while having most funds poured into Electrum? Roll Eyes

Seams like a great choice.

Why'd you think it's right to have your funds stored on two different wallets? It's only advisable if you've different goals with the funds which means you'd have a short term and long term goals amongst them.
You also have to think about the risk factors involved such as management and security measures of how you can keep your seed phrases secured otherwise, I don't think it's advisable to have multiple wallet for your funds.

Diversification of the funds is important, in my opinion.
Even if you don't have that much funds, you still can do what's in your ability to minimize the risks for yourself and diversify. As well as manage the risks.
That's only my opinion, of course.
Even though I do use only two wallets myself just for the reason to not to have all the eggs in one basket, nothing would be wrong to diversify even more Roll Eyes

Plaguedeath

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Quote from: AVE5 on November 04, 2024, 07:22:44 AM

Exodus has the all time features you are requesting but remember it's a hot wallet otherwise I'd recommend you to electrum atleast regarding an utmost safety of your funds first before considering convenience user transaction interfaces.

Both Exodus and Electrum are hot wallet, but Exodus is worse than Electrum due to it's closed source.

Quote from: Amrit Tyagi on October 09, 2024, 08:25:42 AM

1. Zengo
2. Coinbase
3. Uphold
4. Ledger
5. Trust Wallet

What a rubbish list, actually most people should avoid all of them.

Zengo, Coinbase and Trust Wallet are closed source wallet.

Uphold is a centralized exchange.

Ledger is a hardware wallet that share their private keys to third party.

Popkon6

sr. member

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Quote from: Baki202 on November 02, 2024, 06:21:15 AM

Quote from: Popkon6 on November 02, 2024, 03:31:28 AM

Electrom wallet is the most secure wallet to hold bitcoins, this wallet is full of security and offline creation of this wallet. And this security system is very good, if you use it, this wallet is one of the most popular software wallets. Many common Bitcoin holders and those who do not have the money to purchase a hardware wallet can definitely use the Electrum wallet with ease.

Electrum is one of the best wallets that anyone can recommend and that is why it is very recommended, and that is for bitcoin an if anyone wants other crypto assets then I will definitely recommend a trusted wallet and there is always peace of mind that is given when you know that your assets are kept safe, and that is what matters a lot because if you don't consider the safety of your assets then you are only opening your self to threat because the exchanges can't be trusted so it is better to go for what will keep you safe, so that you dont lose your money.

Of course Electrum wallet is the best wallet, because if Bitcoin can be stored for a long time then this wallet is definitely suitable. I have been using this wallet for a long time so far no scams as I keep the key safe. But any hardened wallet will survive for a long time if the key is kept in the safest place, but whenever you leave the key randomly, your wallet is more likely to be hacked instantly.

Quote from: Baki202 on November 02, 2024, 06:21:15 AM

yes anyone with a wallet has to learn to keep their phrase safe because if you don't know how to keep it safe, there are people who still find it very difficult to store their see phrases because the password does not even matter the most important is the seed phrase. because we need a lot of things before we can start considering how self's as bitcoiners, and you have to master the skill of keeping your seed phrase safe.

Everyone is urged to keep it the safest, because no matter how big the wallet is, you should never leave the keys unattended. I have been storing bitcoins in my wallet so far I have been in the right place. And I've been depositing bitcoins every week with the DCA method, because I know I'm taking care of the wallet the most these days. Because if the key is lost it can never be recovered as my valuables are stored here.

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