Topic: Best online wallet (Read 136 times)

Exodus is a great wallet though but not open source even though you can export the seed to wallet like Mycellium. Exodus can come in handy while you are using your smartphone.
Hardware wallet would be a great option here. The Ledger Nano X is good and can be gotten from official website. Do not buy on sites because it might come with preloaded seeds.

There are no "best" online wallet. All of the are worst. If you store any of you coins on any online wallet, it is more like giving away your coins to the scammer for free.
No matter how much they say that they are secure, they are still prone to hacks and downtime. Almost all online wallet does not give you access to your private keys. Remember, if you don't own the keys (or you own it and someone else also has access to it), you are not the owner of the coins.

First of all, a warm welcome in the crypto world from me.

There are hardware wallets (such as Ledger Nano X), software wallets (Bitcoin Core, Electrum etc) and online/web-based wallets (Blockchain, Magnum Wallet etc). Exodus is a software wallet, but as far as I know, it's closed source so I would not recommend it.

My recommendation is that you get Electrum for Bitcoin and separate open-source wallets for your altcoins. Electrum is more than secure as long as you download it from the official website and use it on a clean PC (or even better, on an offline PC). I know that a multi-coin wallet is very comfy, but I would assume that you value security over comfort in the end.

Online (or web based) wallets are the ones I least recommend. There isn't much of a difference between a closed-source software and an online wallet as you have no idea what's going on behind the scene with both of them. Online wallets may or may not go offline at one point as well - there are some cases of members on this forum who bought BTC many years ago and put their login information in a safe place, but when they came back to open their wallet found out the website had gone offline. With both online wallets and closed-source ones there's no guarantee that your private keys were only seen and saved by you.

So instead of putting comfort first, I'd say using Electrum is a way better idea. You have pretty much any option with it whether you want to use coin control, become a full node, a pruned one or use it as a light wallet etc as well. And then, it's fully open source and completely free (FOSS).

Sorry yes i meant a online wallet - if they are safe.

The title is really confusing by saying Online then Hardware. There are a lot of differences if you think about them, you can search lots of Online Wallets available which can store large amount of Cryptocurrencies that is accompanied by well developed security like the wallet Metamask.

In hardware choices, I only read about the Trezor Hardware wallet which is still usable and boasts its security with others hardware wallets. You can learn a lot by searching about them and realizing which is best for the initial budget that you have.

Hi I am fairly new to crypto and would like your recommendations on a good crypto wallet. I have been looking at exodus - is this secure and can i store XLM, XRP and 0X on it? what do you think of this wallet?

Many Thanks in advance