Best Crypto Wallet - page 2. | Bitcointalksearch.org

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

legendary

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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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Merit: -

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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Activity: 910

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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

Activity: 798

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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.

AVE5

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Activity: 350

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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.

?

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Merit: -

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.

FortuneFollower

copper member

Activity: 196

Merit: 6

Quote from: Kruw on November 02, 2024, 06:31:48 AM

Quote from: Outhue on November 02, 2024, 06:15:50 AM

Will privacy feature makes your BTC wallet a lot more secured? The answer is no, privacy feature is only useful for those who needs them and that's when they plan to make some transactions in privacy.

Directly, no. Indirectly, yes. Privacy is a factor in security and censorship resistance:

- If someone does not know how much BTC you have, it makes it harder for someone to target you for attack
- If someone does not know where your BTC came from or where it is going, it makes it harder for someone to target you with censorship

I do think that it comes to mind when you do have what to worry about, then privacy is important to a person Grin

So, yes, of course, for many out there, privacy is a major thing when choosing a wallet.

AVE5

full member

Activity: 350

Merit: 128

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.

Kruw

member

Activity: 378

Merit: 93

Enable v2transport=1 and mempoolfullrbf=1

Quote from: Outhue on November 02, 2024, 06:15:50 AM

Will privacy feature makes your BTC wallet a lot more secured? The answer is no, privacy feature is only useful for those who needs them and that's when they plan to make some transactions in privacy.

Directly, no. Indirectly, yes. Privacy is a factor in security and censorship resistance:

- If someone does not know how much BTC you have, it makes it harder for someone to target you for attack
- If someone does not know where your BTC came from or where it is going, it makes it harder for someone to target you with censorship

Baki202

full member

Activity: 532

Merit: 211

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.

However, no matter how big and strong the wallet is, the password of the wallet must be stored in a safe place, so that no one else can find the password of this wallet. The stronger the password of the wallet and the more secure the wallet is, the less likely it is to be hacked.

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.

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.

Outhue

hero member

Activity: 1064

Merit: 500

Quote from: Kruw on May 23, 2024, 08:02:54 AM

Wasabi Wallet has the best privacy, it's available for desktop.

Will privacy feature makes your BTC wallet a lot more secured? The answer is no, privacy feature is only useful for those who needs them and that's when they plan to make some transactions in privacy.

Nothing beats Open source Cold wallet, offline wallet, the main threat is wallets with online access and custodial.

Popkon6

sr. member

Activity: 798

Merit: 377

Quote from: callmyname on May 26, 2024, 01:05:21 PM

Electrum is best. You can cold storage

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

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.

However, no matter how big and strong the wallet is, the password of the wallet must be stored in a safe place, so that no one else can find the password of this wallet. The stronger the password of the wallet and the more secure the wallet is, the less likely it is to be hacked.

Forsyth Jones

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Activity: 1120

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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?

There is no such thing as a low-fee bitcoin wallet, the fee depends on the current transaction flow of the network, the wallet is just a tool that allows you to store private keys (or descriptors) and some allow you to customize the sending fee.

I recommend Bitcoin Core for you, you can run it with or without pruning, if you want to exchange BTC for USDT, you can use https://exch.cx a swap exchange.

For USDT I can't recommend any, as I hardly use any other coin other than Bitcoin, but if you're going to use the ETH network, there's MEW... However, if you're going to use more than one currency besides Bitcoin, I recommend you get a Trezor right away.

Z-tight

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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.

Take note that BTC on-chain tx fee has nothing whatsoever to do with the wallet you use, but rather the state of the network as of the time you made the tx, the wallet only estimates the fee, but you can also manually set the fee you want to attach to your transaction. 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.

Agbe

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I think this is best okay in the wallet board. And users here have explained many different wallets for you base their experience and uses. And I will also suggest the ones I have used to you and you can choose one among the suggestion from other and if you like my suggestion as well. 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.

?

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There is a list of many crypto wallets here on https://argus-francs.fr/top-50-best-crypto-wallets-2024/. Well, there are no very precise details but there are the links and it remains for everyone to form an idea.

Amrit Tyagi

newbie

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If you are a crypto investor, then you need a good crypto wallet to store your cryptocurrencies with security. I think this is my go-to list for the best crypto wallets are

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

This list comprises those who invest large amounts of money and will likely want to opt for a cold wallet as it’s more secure, while people who dabble in investing will likely be fine not spending the extra money and using a hot wallet.

If you want to know more about crypto wallet and which crypto wallet you should choose for securing your crypto portfolio, I will recommend [Cryptoreach[/b]]https://play.google.com/store/apps/details?id=io.cryptoreach&hl=en_IN]Cryptoreach[/b] Website for detailed news and analysis related to wallet and other crypto market thing on a regular basis.

lishilton

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As for me, checking out some crypto management platforms, and ledgerlivecrypto.com seems to be the real deal. It offers a ton of features for securely handling assets, which is exactly what I’ve been after. Looks user-friendly, too, which makes life easier when dealing with multiple coins. Feels like a good spot to set up and keep everything secure.

Topic: Best Crypto Wallet - page 2. (Read 1160 times)