Best Crypto Wallet - page 3. | Bitcointalksearch.org

kamvreto

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Quote from: reagansimms on May 25, 2024, 01:33:47 AM

~snip~Electrum is also very widely used by members on the forum, although some use other wallets to store Bitcoin because each member's choice depends relatively on which wallet they think is safer. Regarding security, it goes back to each user, only each individual can guarantee security depending on how much they care about the assets stored in the wallet.

Yes you are right about the security, all security depends on each user. Although the security of the wallet is enhanced if the user is careless then there is no point in such security. The use of hardware wallets will also be useless if you store phrases carelessly and can be known to others.

yudi09

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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?

My recommended Bitcoin wallet is Electrum, Blue Wallet is also included.
Electrum and Blue Wallet are wallets specifically for storing Bitcoin, not wallets that support more than one coin like other wallets mentioned in the discussion here.

Even if it's not a large amount, it's better not to use one wallet to store coins. Bitcoins should not be combined with other coins in the same wallet such as multi-coin wallets. If you ever want to exchange it, you can send it to the exchange address from the main wallet.
Fees, depending on conditions. Specifically for Bitcoin, it is not high if conditions are not constrained like now, high priority is only 12 sat/vB for transactions.

Z390

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Quote from: 0t3p0t on May 23, 2024, 11:12:10 AM

You can use Coinomi or Mycelium I think you can swap USDT right on the app if I am not mistaken. For fees, I think they are also customizable. Just don't use untrusted wallets or else your funds will be gone. I've been using those apps I've mentioned since 2017 and it's working well though I have never tried swapping USDT but with other coins yeah it's good.

OP wants a Bitcoin wallet, not a multi-coin crypto wallet like Coinomi, this is a bad choice, also Coinomi is not an open-source crypto wallet, I have lost my digital asset using that wallet before and at first, I thought the fault was all mine until later I started seeing other people having the same problem.

Crypto wallets Like Coinomi are a bad choice choice, if you really care about safety it is best to choose a open source non-custodial Crypto wallet, many people in this thread have already said the best ones, this doesn't count.

TRZEOR, Electrum, Blue wallet, Unstoppable, and every open source Bitcoin wallets out there are excellent choice, some called themselves open-source to mislead people, verify from people who have used such wallets before.

I verified that Electrum, Unstoppable, Trezor, Safepal, and Keystone are very reliable choices to store your Bitcoin.

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Quote from: Gladitorcomeback on May 25, 2024, 07:04:12 AM

When you are using online wallets either on your mobile phone or personal computer, you need to make sure that you don't download or install untrustworthy applications or anything, don't click unknown links, don't give access to your device to any app even if it's for a short period because these things can compromise the security of your device and funds.

If your wallet is installed in the same device you use to browse the internet, then it is prone to hacking and you cannot be too careful. You could download a phishing application or click on a link that has malware and lose your funds to scammers. Instead of trying to be too careful, store your funds in cold storage if it is worth so much, and use online wallets only for money you need for spending on the go.

callmyname

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Electrum is best. You can cold storage

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

dzungmobile

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Quote from: ChiBitCTy on May 25, 2024, 05:54:42 PM

I am shocked at the amount of false information and ignorance going around in this thread. Lets start for the worst place to hold your coins...exchanges.

Exchange accounts are not safe places to store any cryptocurrency.

Reminder: do not keep your money in online accounts

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Then the second worse, hot wallets (mycelium, wasabi, coinomi etc).

People will have need to use hot wallets and it's not terrible if they know what to do. Store small fund in hot wallets to use, nothing more. Big and main fund must be in cold wallets.

Hot wallets, even hot, not safe in this format, must be open source wallets. If they choose close source wallets to use, it's bad.

Quote

I DO NOT recommend Ledger, they are garbage wallets

They have many data leaks and last year, they did something stupid by launching Ledger Recovery Service.

edger Recovery - Send your (encrypted) recovery phrase to 3rd parties entities
Ledger Recover: What The Hell is Happening? With aantonop and lopp.

Forsyth Jones

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Quote from: Crypt0Gore on May 23, 2024, 09:51:17 AM

Bitcoin core is a bad choice for many beginners, I said this because OP stated that he is not even holding a lot of Bitcoin, but he planned to hold for the future, I doing someone like him can afford to run Bitcoin core and download that massive data.

It costs me $30 to get 300MB in my country every damn month and Bitcoin core requests over 500MB right now, that will cost a lot, since this is even Bitcoin we are talking about there are many good Bitcoin wallets out there now compare to alt crypto wallets.

I recommend Unstoppable wallet, everything OP asked for is present in this open source non-custodial Bitcoin wallet, Electrum is also a good choice but I can't recommend the Mobile version, it is too buggy, Unless OP has a laptop PC, but Unstoppable is available on mobile phones, the best ever for anyone looking for a Bitcoin wallet for mobile phones.

I don't think so, the OP can choose to enable pruning.

I use an internet of around 50MB and it's been able to download the blocks, I've been using this internet package for 3 years and it's been serving me well.
Unstoppable wallet is a good wallet for both bitcoin and the altcoins it accepts, but I'm not a big fan of these mobile wallets, the most I can recommend is Bluewallet for mobile.

If you can't use Bitcoin Core, use Electrum, you will always have community support as it's the most recognized desktop wallet.

It should also be taken into account that Bitcoin Core validates its own transactions through downloaded blocks, without depending on any third-party node, while in Electrum and other wallets, you depend on third-party servers that may be spying on your balances by labeling activities (some servers may be running by companies like chainanalysis). At electrum, you even have the option to use your own full node to validate transactions, but it requires some skills to install servers like electrs.

ChiBitCTy

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I am shocked at the amount of false information and ignorance going around in this thread. Lets start for the worst place to hold your coins...exchanges. Then the second worse, hot wallets (mycelium, wasabi, coinomi etc). Then you've got hardware wallets which I highly suggest Trezor wallets. Some I know like BitBox, Cold Coin, and others ( I DO NOT recommend Ledger, they are garbage wallets). Then the ultimate form of cold storage is either air gapped PC wallets or paper wallets. These last two can be difficult to make and are not recommended for the masses.

goldkingcoiner

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OP, which crypto exactly do you mean? Not all wallets support all cryptocurrencies. Since you posted this thread in the Bitcoin discussion board, I assume you want a wallet for your Bitcoin? In that case I recommend electrum.

If you want a crypto wallet that supports other cryptocurrencies then I recommend only open source and non-custodial wallets like cakewallet. You could use a closed source wallet like Trustwallet but that requires the element of you trusting trustwallet, ironically.

dzungmobile

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Quote from: Gladitorcomeback on May 25, 2024, 07:04:12 AM

I use Electrum wallet on both mobile and PC and it works pretty well if you are not planning to hold a lot of funds in it. It is safe and secure as long as you keep your devices away from phishing attacks, malware, and other such stuff that could get access to your device and then get into the wallet software that you are using.

It's better if you use two different wallets with Electrum wallet software, one wallet for your PC and another wallet for your mobile phone/ device. Don't use a same wallet on both PC and mobile device because if one of two devices is compromised, you will lose all bitcoins.

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When you are using online wallets either on your mobile phone or personal computer, you need to make sure that you don't download or install untrustworthy applications or anything, don't click unknown links, don't give access to your device to any app even if it's for a short period because these things can compromise the security of your device and funds.

The warning is more. Verify your Electrum wallet too, before using.

[GUIDE] How to Safely Download and Verify Electrum
The paranoid user's security guide for using Electrum safely.

Gladitorcomeback

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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?

I use Electrum wallet on both mobile and PC and it works pretty well if you are not planning to hold a lot of funds in it. It is safe and secure as long as you keep your devices away from phishing attacks, malware, and other such stuff that could get access to your device and then get into the wallet software that you are using.

When you are using online wallets either on your mobile phone or personal computer, you need to make sure that you don't download or install untrustworthy applications or anything, don't click unknown links, don't give access to your device to any app even if it's for a short period because these things can compromise the security of your device and funds.

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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?

It's not appropriate to give you names of the wallets as you have not listed the details on how you want to use that wallet and what type of transaction you'll do time to time using the wallet.

It's not a small thing rather it's a very important factor while choosing a wallet. Google can give you a list of the wallets you can use while storing BTc but you have to choose wisely between your needs.

FinePoine0

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In particular, no matter how strong the wallet is, if the key is not kept safe, the assets will not be safe. So as soon as we collect the wallet, the key must be carefully kept in a good safe place, maybe it is best to write it down in a diary page and keep it in a safe place. Because wallets can never be password protected in Google Drive. But keep your passwords as safe as you think safe. That's why you can choose either hardware wallet or software wallet.

highalch

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How small amounts? Exchange how often to USDT?

I would say, anything under a couple thousand dollars, I'd rather store it on some cheap blockchain (Polygon, Solana, etc) in the form of WBTC. Yes, it's not purely BTC on Bitcoin. I know. But your on-chain deposit/withdraw transactions would accrue a lot of unnecessary fees and eat up your profits.

reagansimms

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Quote from: kamvreto on May 24, 2024, 06:03:33 PM

Quote from: Awaklara on May 24, 2024, 01:27:25 PM

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Electrum is an open source wallet that is quite good to use, there is a lot of development going on and security is constantly being updated. I use it for my desktop and mobile. related to definite security issues, of course it depends on how we as users, whether we use it wisely or not. because security will be vulnerable when users don't think about their own security and tend not to care about the security of their wallets. Hardware wallets can be a very appropriate recommendation for vulnerable security problems and will be the main storage for your assets.

Security is the first thing that needs to be prioritized when storing large amounts of Bitcoin. Electrum is also one of the Bitcoin wallets that can be obtained for free and is open source. Electrum is also very easy to use and can access wallets on several different devices and uses the smallest unit standard in Bitcoin (mBTC). Electrum is also very widely used by members on the forum, although some use other wallets to store Bitcoin because each member's choice depends relatively on which wallet they think is safer. Regarding security, it goes back to each user, only each individual can guarantee security depending on how much they care about the assets stored in the wallet.

kryptqnick

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I think Electrum is a great wallet. It's noncustodial, pretty easy to use, light and reliable, and completely free. But it's just for Bitcoin, no trading for USDT there. Others suggested that you can just trade when you need to, but store your BTC securely in the meantime. If you absolutely need swapping, there is Blockchain wallet. I've never had any issues with it personally, and they claim to be noncustodial, but op is likely to find a lot of distrust of it on the forum. Also, I think they now require KYC for swapping, which is a major factor to consider.

cxtreenal

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I think Bitcoin Core might be the best choice. There are many scammers online to steal your money so be careful.

hd49728

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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?

Best wallet for each person is individual demand and my favorite wallet might not be a best wallet for you because of your demand to use, store, exchange and avaialable OS.

Recommended wallets
Choose your wallets

Quote

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.

A not huge amount in value now can be valuable in future because Bitcoin will continue to grow in value and price. So when you store your bitcoins, always consider methods, wallets to store it safely.

Quote

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.

To keep your bitcoin safely, store it in non custodial and open source wallet for Bitcoin only.

Don't store it in wallets that can use together with altcoins and can swap to wrapped Bitcoin tokens or altcoins. It's risky and if you want to exchange your bitcoins, you can do it anytime with another wallet.

Wallet for trading, swapping must be different than a wallet you use to store main capital.

kamvreto

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Quote from: Awaklara on May 24, 2024, 01:27:25 PM

Quote from: purinZ14 on May 24, 2024, 12:26:22 AM

I forgot to mention that it should be in mobile if there is any.

I think you should try learning the Electrum Wallet. it is also available for desktop and mobile.
Maybe you can find more information related to Electrum here. https://bitcointalk.org/index.php?board=98.0

Whatever wallet you use, they already have security standards. It's just that sometimes we as users make mistakes.
My advice is when you plan to store Bitcoin in larger amounts and long-term in the future. buy a hardware wallet.

Electrum is an open source wallet that is quite good to use, there is a lot of development going on and security is constantly being updated. I use it for my desktop and mobile. related to definite security issues, of course it depends on how we as users, whether we use it wisely or not. because security will be vulnerable when users don't think about their own security and tend not to care about the security of their wallets. Hardware wallets can be a very appropriate recommendation for vulnerable security problems and will be the main storage for your assets.

leonair

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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, preferably decentralized, and is secure.

Any recommendations?

If you want a best decentralised bitcoin software wallet then it should be electrum wallet. and there are some other multi-chain support wallets like Trust Wallet, ImToken etc. But electrum will give you the most security of your bitcoins. But if your bitcoin amount is very large like 1 bitcoin or more then you should buy a hardware wallet. I think that would be almost everyone's opinion

Topic: Best Crypto Wallet - page 3. (Read 1160 times)