Electrum is a pretty good thing but looking at the state of things now it looks like some people are starting to lose as is the case with @Jullerz12 I've been hacked (Electrum 4.3.2 ) so indeed right now there will probably be some people who are a bit skeptical about this.
At the moment I'm also still using electrum because I don't have a hardware wallet yet. I have wanted to order several times because in my area it is still a little difficult to get it and Ecommerce is also still a little hampered in shipping to my area so I still keep my assets in electrum but for this year I will try to buy a hardware wallet and I also suggest the same to you.
Topic: Best way to store BTC - page 2. (Read 329 times)
Hardware wallets are the perfect solution for now but if you still can't afford one then electrum is actually still good enough to store your assets.
The most important thing is to be careful in taking care of your computer when using Electrum because there could be things that you don't want.
But a suggestion if you really want to feel comfortable, then you should consider Hardware Wallet even if you do have to spend a budget but it's not a problem as long as you are comfortable.
The most important thing is to be careful in taking care of your computer when using Electrum because there could be things that you don't want.
But a suggestion if you really want to feel comfortable, then you should consider Hardware Wallet even if you do have to spend a budget but it's not a problem as long as you are comfortable.
Please provide suggestion as how to store BTC securely for long term.
Long term I would keep my seed phrase and private keys offline, maybe with hardware wallets (Trezor, Passport, Bitbox, Keystone, etc.) or by using airgapped devices like laptop.Than you can combine that with any open source wallets like Electrum or Sparrow wallet, and create multisig setup to make everything more secure.
The cold wallet is the safest option, obviously. But a non-custodial wallet is a pretty good option if you just starting and don't have much BTC. Just keep your seed phrase written on a list and hidden safely and you find a good wallet.
Hello all BTC veterans.
Apart from electrum wallet,
Please provide suggestion as how to store BTC securely for long term.
Thanks
Hello, an important tip that is missed in this topic: divide your balance into two parts and store it in different places.So if you lose one, you will have a second option.You can lose a cold wallet or anything can happen to it, but copies of all passwords and keys should be written on paper at least.Don't keep everything in one place ever. Apart from electrum wallet,
Please provide suggestion as how to store BTC securely for long term.
Thanks
It is obvious that people do not still understand that the safety of their wallets depends on how they handle their wallets. It is not all about the type of wallet that you use in storing your bitcoin but how you keep your wallet safe by safeguarding your private key and phrase. Many wallets have suffered hack from hackers as a result of little mistakes from the wallet holders. No wallet is guaranteed %100 secured but the security depends on you.
If you are thinking of exchange, you should do well to remember the phrase " not your keys,not your coin" exchange are not much safe these days as they suffer hacks.
If you are thinking of exchange, you should do well to remember the phrase " not your keys,not your coin" exchange are not much safe these days as they suffer hacks.
Apart from electrum wallet,
Please provide suggestion as how to store BTC securely for long term.
It is not about the wallet, but how you use it.Please provide suggestion as how to store BTC securely for long term.
One could use electrum on an old desktop which they do not use any longer and do not connect to the internet at all. If they securely generate their keys on it and back up their seedphrase, maybe with an additional passphrase, this would be more secure than just opening electrum on your regular mobile and creating a wallet, and could be as secure (or more) as a hardware wallet.
How you back up your seed, How you access your wallet to transact, how you interact online all contribute to the security of your asset.
- Jay -
Apart from electrum wallet,
Please provide suggestion as how to store BTC securely for long term.
Have you tried Bitcoin Core yet?Please provide suggestion as how to store BTC securely for long term.
https://bitcoin.org/en/download
There are so many advantages to Bitcoin that almost all Bitcoin users recognise them, and I'm no exception.
You can read about Bitcoin Core for yourself here. link
If you want to be secure, you need to spend a little money to buy hardware wallets such as Trezor One, Trezor T, Ledger HW.1, Ledger Nano S, Ledger Blue, KeepKey.
For all types of bitcoin wallets, I recommend visiting the Bitcoin Technical Support board.
For small transactions, I prefer Blue Wallet.
Regarding Blue Wallet, you can discuss in this thread [Tutorial] BlueWallet - Bitcoin Wallet Discussion
The best way to store BTC securely for the long term would be on an airgapped device that wouldn't ever be connected to the internet for any reason, but it is kind of difficult to set up for a complete newbie and they may make mistakes while setting it up, but if everything is done correctly, it is the safest method.
Hardware wallets have to be my second option of safest ways to store BTC for long term, it is kind of easier to use than setting up and storing your BTC on an airgapped device, so if you don't know how to correctly store your BTC in an airgapped device, choose a hardware wallet.
Hardware wallets have to be my second option of safest ways to store BTC for long term, it is kind of easier to use than setting up and storing your BTC on an airgapped device, so if you don't know how to correctly store your BTC in an airgapped device, choose a hardware wallet.
Longer more effort-ey answer: actually read about it and decide for yourself. https://cryptosec.info/wallets
Short answer: buy a Ledger/Trezor hardware wallet.
Short answer: buy a Ledger/Trezor hardware wallet.
Hello all BTC veterans.
Apart from electrum wallet,
Please provide suggestion as how to store BTC securely for long term.
Thanks
From your your details it is clear that you are already familiar with Electrum wallet which is high usable wallet for Btc . Actually Electrum wallet is beneficial for those who need daily spending of BTC. As you alread mentioned that you want to hold BTC for long time so I will recommend hard wallet to store BTC. Any cold wallet is not safe for storing long term.Apart from electrum wallet,
Please provide suggestion as how to store BTC securely for long term.
Thanks
Ledger is best option for you to store which is full secure and no risk at all to store for long term. Trezor is also best one as mentioned by Kiakia. I am using Safepal Hardwallet to store my coins and I think it's also secure to store BTC. You can use any of Hardwallet according to your need .
The best way to store Bitcoin safely for long term is by using a hardware wallet, this is highly recommended for newbies but if you are a daily spender of Bitcoin just stick with Electrum wallet on your smartphone, hardware wallets are more secured and far more reliable, the device is always needed to access a transaction.
Make sure you buy a open source hardware wallet like Trezor.
Make sure you buy a open source hardware wallet like Trezor.
Hello all BTC veterans.
Apart from electrum wallet,
Please provide suggestion as how to store BTC securely for long term.
Thanks
Apart from electrum wallet,
Please provide suggestion as how to store BTC securely for long term.
Thanks
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