Fundamental Wallets to store your BTC /Other Coins & Tokens

pixie85

hero member

Activity: 2184

Merit: 531

Quote from: SUMBI99 on March 23, 2020, 02:43:33 PM

(...) many people will point their finger to hardware wallets, which is good and somehow safe than the other but in some point of view it is not convenient since it requires me to carry it wherever I go and in order to make transactions differently from web/ app base wallet which I can Access anywhere with any computer/device which is not safe if I let track way to my wallet.

So you choose to compromise your safety for convenience. That's not how most crypto enthusiasts should proceed and I will never recommend it to anyone.

You also said that you are using a web wallet that can be accessed from anywhere so you don't even use a wallet on your phone but use other people's computers or public machines to transact? This is so careless I'm lost for words.

elementaryOS

member

Activity: 131

Merit: 10

Quote from: studio1one on July 19, 2020, 07:44:59 AM

Each wallet has some advantages and some disadvantages but the fact is hardware wallets are one of the safest out there. But lately, I am enjoying the wallet services from trust wallet and Enjin wallet but if you want you can also give MATH wallet a try.

It all about your purpose and which is convenient for that purpose like OP said. Hardware wallets are best for long time storage and the most secure but it was cumbersome for daily use. I think no wallet is completely perfect like how I like to use MetalMask for Ethereum and token for its convenience.

crypticj

sr. member

Activity: 873

Merit: 268

There could be alot of options but they should be non-custody. Ownr wallet, exodus, etc

studio1one

hero member

Activity: 1218

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BintexFutures

Each wallet has some advantages and some disadvantages but the fact is hardware wallets are one of the safest out there. But lately, I am enjoying the wallet services from trust wallet and Enjin wallet but if you want you can also give MATH wallet a try.

Coin BTC

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Quote from: SUMBI99 on March 23, 2020, 02:43:33 PM

Although many people talk about wallets which brig safe to their coins/Tokens, I did speculate some issues bring me to a new way of thinking which will make people feel Safier with their Asset, Come to this point many people will point their finger to hardware wallets, which is good and somehow safe than the other but in some point of view it is not convenient since it requires me to carry it wherever I go and in order to make transactions differently from web/ app base wallet which I can Access anywhere with any computer/device which is not safe if I let track way to my wallet.

There a lot But in my point of view I think of Blockchain wallet and Myetherwallet as fundamental wallet, Ready to see community adding value to rank other wallets if any

Today many crypto wallets also have a good reputation, and even support for all coins and tokens. Blockchain does not support all coins. How can we use one wallet? For ERC20 we might still be able to use myetherwallet. So there is no problem with varies. You can choose the best for you, and who you can trust.

leeboy

jr. member

Activity: 105

Merit: 2

In my opinion any non custody wallet is a good solution for majority of users. I can recommend ownr wallet/exodus/coinomi

chichidori

legendary

Activity: 1694

Merit: 1003

A hardware wallet is where you put large amount of the bitcoin and feel safe about it, while the web wallet is used into day to day trading or temporary storage of cryptos with total control of your private keys but it is never safe since phishing and website cloning is still being used to scam unsuspecting people.

thesmallgod

full member

Activity: 1498

Merit: 129

Your narrative is just one of the many reasons why people prefer hardware wallet. In some cases people choose based on amount of coin they hold, personal attributes such as retention. Generally centralized wallet do not permit total control of your private key while the decentralized wallet allow you to manage and have full control to your private keys. MEW is a decentralized wallet but can only hold ETH and its token. Trustwallet is a better DEX wallet to opt in for.

Mrchristo

newbie

Activity: 44

Merit: 0

In my opinion, there are several fundamental wallet that gives us the privilege of total control of our funds. These wallets could be hardware wallets, Web wallets, paper wallet etc. My first cryptocurrency wallet was the blockchain Web wallet. Though, I didn't get my private keys, I still believe that the blockchain wallet is one of the most secured Web wallet. I presently use the trust wallet because it makes storage of cryptocurrency easier as there are several cryptocurrencies that could be stored using the trust wallet.

kingzpro

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Activity: 756

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Yes, as far as fundamental wallets like myetherwallet and blockchain .com are concerned i have been using them for years and i trust them i feel secure using both of them and i never faced any issues, regarding physical/hardware wallet i am bad at keeping things safe and usually forget where i kept a thing so hardwallet is not for me as it may prove otherwise for me.

Cocoincos

member

Activity: 700

Merit: 12

I dont believe in any wallet except of ledger nano, I have lost a lot of money (more over 5k$) because of hackers, so I can recommend only this wallet

forexandcryptoauditor

copper member

Activity: 1190

Merit: 3

Myetherwallet is only for ERC-20 compliant tokens so does not solve purpose of having single wallet. As you mentioned, hardware wallets are safe but we need to carry them.
So at the moment there is no single choice of wallet which has all the advantages.

enhu

legendary

Activity: 2492

Merit: 1018

Why not use your phone instead and store wallets on it. There are wallet app which you can store a lot of coins there including the ERC tokens and others like the EOS. Try these 3 like the trustwallet, iMtoken and coinomi. I have been suing coinomi for years and seem I have not encountered any problem. I don't often use it but just store my coins there while I can readily use it if I need the cash instantly and I can go anywhere with my coins too.

Shallow

sr. member

Activity: 938

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SmartFi - EARN, LEND & TRADE

People uses different wallets for different personal reasons. Most people sees hardware wallets as the best when it comes to storing assets for long, others may still have other personal reasons. Contrary to your opinion, hardware wallets can be carried about convinently. At the same time, most people who transact daily may see it fit going for mobile wallets since it is easily accessible while also offers a good amount to security. Also, people can also depend hugely on mobile wallets because they might not see a big difference between them and hardware wallets; all these are all about personal opinions. Lastly, with most mobile wallets now supporting different coins, it is making them a center of attraction.

mersal

member

Activity: 1204

Merit: 38

Quote from: SUMBI99 on March 23, 2020, 02:43:33 PM

Although many people talk about wallets which brig safe to their coins/Tokens, I did speculate some issues bring me to a new way of thinking which will make people feel Safier with their Asset, Come to this point many people will point their finger to hardware wallets, which is good and somehow safe than the other but in some point of view it is not convenient since it requires me to carry it wherever I go and in order to make transactions differently from web/ app base wallet which I can Access anywhere with any computer/device which is not safe if I let track way to my wallet.

There a lot But in my point of view I think of Blockchain wallet and Myetherwallet as fundamental wallet, Ready to see community adding value to rank other wallets if any

Literally you can't access blockchain wallet on every device unless you authorize if before the access for that you need to carry your device where the email has been linked.But MEW can be accessed anywhere but its impossible for anyone to save the private key in their memory so they have to keep the digital format on some device so its better to carry a hardware wallet than the less safer online wallet.

JeffBrad12

hero member

Activity: 2954

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Leading Crypto Sports Betting & Casino Platform

Quote from: Python Master on March 23, 2020, 09:38:32 PM

Hardware wallet is safe, it's suitable for holding big amounts. Its size is small and i don't think it is inconvenient to carry it with you.

It's not so safe but that depends on how you can manage to use it safely. AFAIK i have seen some cases related to the hardware wallet that has gotten the vulnerability and that makes the user can lose his token or coin caused by the scammer or hacked use that vulnerability to steal his coin. It's better to use another wallet that has already proven if there was no vulnerability that being discovered in the past.

How big or small your amounts doesn't matter a lot in term to store your money on hardware wallet or something else.

jossiel

hero member

Activity: 3150

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DGbet.fun - Crypto Sportsbook

You probably haven't heard the issues that blockchain.com wallet has. If carrying the hardware wallet is your concern why you find it inconvenient, use it only for storing your cryptos. They are safest option because you hold your private keys.

You can download the suggested wallet of Electrum and carry it everywhere you want. That's a better choice than blockchain.com.

Yogee

sr. member

Activity: 1554

Merit: 413

Your issue is to conveniently access your wallet anywhere you go without the risk of losing your hardware wallet. This is quite a lame reason to not consider hardware wallets as your so called fundamental wallets because there is nothing preventing you from using multiple wallets. You can use hardware wallets for long-term storage and then use non-custodial mobile bitcoin wallets like Electrum and Mycelium or other wallets that can store various coins and tokens like Coinomi and Trust wallet for your daily transactions.

Chuky92

copper member

Activity: 966

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There is no doubt, these two wallets played a huge role in this space but just like technology and the crypto space improves, wallets improved as well. Nowadays there are more convenient wallets in form of mobile applications which can easily be installed, backed up the wallet and save the private keys; also it can easily be accessed. In addition, MyEtherwallet private keys can be imported into some of these mobile app wallets such as Imtoken etc. Furthermore, there are multi coin wallets currently which can be used to store BTC and other altcoins like Eth; an example is Trust wallet.

TanakabZX

member

Activity: 504

Merit: 16

Quote from: SUMBI99 on March 23, 2020, 02:43:33 PM

Although many people talk about wallets which brig safe to their coins/Tokens, I did speculate some issues bring me to a new way of thinking which will make people feel Safier with their Asset, Come to this point many people will point their finger to hardware wallets, which is good and somehow safe than the other but in some point of view it is not convenient since it requires me to carry it wherever I go and in order to make transactions differently from web/ app base wallet which I can Access anywhere with any computer/device which is not safe if I let track way to my wallet.

There a lot But in my point of view I think of Blockchain wallet and Myetherwallet as fundamental wallet, Ready to see community adding value to rank other wallets if any

Did blockchain wallet and myether wallet gives users their private keys? I'm not a fan of these wallets but if they did give users access to back ups like private keys or recovery seed then consider them as safe wallets but for me I prefer trust wallet and coinomi

Topic: Fundamental Wallets to store your BTC /Other Coins & Tokens (Read 306 times)