It has been some months that I have been in this forum, I have started making arrangements for transacting with Bitcoin in the aspect of buying and storing. I don't have much knowledge of wallet to the extent of knowing a preferable wallet to use for storing my Bitcoin, right now I know that Bitcoin is a valuable asset from my understanding but other people doesn't accept the fact that it is really an asset, so I want to know a good wallet to use for my Bitcoin because I notice that some wallet my friends recommend to me are all exchange kind of wallet and I was told that it's not proper to use an exchange wallet for storing or saving of Bitcoin for a long time. I wish to have more recommendation or articles to read concerning wallets and it's security values but during my research I was recommended to use electrum wallet but I was confused if electrum wallet is an exchange or a custodial wallet, therefore i need a good direction, clarification and update of suitable wallet from senior colleagues.
Hardware wallets are definitely the best option at the moment, but if you don't have enough money to buy them, the Electrum wallet might be the best alternative. I have also been using Electrum for the past 5 years and have not had any problems with it. For me, Electrum combined with an old phone that is not connected to the internet is more secure than a hardware wallet. 
Topic: How do I secure my wallet - page 4. (Read 949 times)
It has been some months that I have been in this forum, I have started making arrangements for transacting with Bitcoin in the aspect of buying and storing. I don't have much knowledge of wallet to the extent of knowing a preferable wallet to use for storing my Bitcoin, right now I know that Bitcoin is a valuable asset from my understanding but other people doesn't accept the fact that it is really an asset, so I want to know a good wallet to use for my Bitcoin because I notice that some wallet my friends recommend to me are all exchange kind of wallet and I was told that it's not proper to use an exchange wallet for storing or saving of Bitcoin for a long time. I wish to have more recommendation or articles to read concerning wallets and it's security values but during my research I was recommended to use electrum wallet but I was confused if electrum wallet is an exchange or a custodial wallet, therefore i need a good direction, clarification and update of suitable wallet from senior colleagues.
You actually are doing well wanting information as to the best wallet to use in storing your Bitcoin as you wan to venture into this trading of bitcoins...I'd advice that you make real researches deep into these wallets and their features that is, what they have to offer as you trade yir Bitcoin to make the trading secure and reduce loss of your coin during transactions. Indeed electrum wallet is one popular and widely used for transactions of bitcoins others and it's a non-custodial wallet, meaning you're in full control of your bitcoin , any mistakes during transactions is ascribed to you if any occur and that's a loss. Other available wallet that are are Coinbase....ledger... metamask and many more other non-custodial wallet but you need to understand that you're in charge here and so would advise you to make thorough research and choose a suitable wallet of your choice having seen the features and security measures of each of the wallet. I hope this helps!
The way he does it is to repeat the phrase several times a day. That might guarantee that he won't be able to forget it, but it's a waste of time, and if something unexpected happens, there's no guarantee he'll remember it. Everything is at risk.
I consider it too a risky method and a waste of time and efford. To control that you memorized it properly especially in the learning phase, you need a written record of the mnemonic words. With the written record you have a backup, so no need to memorize it.
Once you learned the words and can repeat them from memory 100% properly and in order, you still have to re-check your memory regularly, maybe not several times a day, but still on a regular base. To then that your memory is still correct you'd need again a written record of the mnemonic words to be sure. Well, then memorizing is a waste of time. Not keeping a written record of the words is likely a recipe for desaster.
Self-storage is one of the biggest advantages of bitcoin over other asset classes, but it can also become a disadvantage if we are subjective.
When it comes to hiding BTC and other cryptocurrencies. Security is a key concern with digital wallets, and it can be difficult to determine which one is more dependable for your needs.
The best step is to select a crypto wallet that determines whether you want hot or cold wellet that you enjoy saving it there, hot wallets are coupled with the internet, whereas cold wallets are stored offline and remain unconnected from online platform, everything has superiority and disadvantage, but if maximum security is your real goal, cold wallets would be your perfect options for storing your large amount of BTC securely.
The best step is to select a crypto wallet that determines whether you want hot or cold wellet that you enjoy saving it there, hot wallets are coupled with the internet, whereas cold wallets are stored offline and remain unconnected from online platform, everything has superiority and disadvantage, but if maximum security is your real goal, cold wallets would be your perfect options for storing your large amount of BTC securely.
From your comment, I know you have been able to anticipate all about Bitcoin, and gaining much knowledge was a fast move by you which is highly recommended. It is nice you are taking advantage of the current market situation to acquire more bitcoin and holding them for a long term would definitely bring you profit in return not to talk of when halving is just around the corner.
You can actually acquire your Bitcoin assets from a centralized exchange but it is not advisable to leave your assets there as there is no guarantee of your asset safety as it has been proven beyond doubt with respect to activities ongoing relating to the hacking of major notable and well-recognized exchanges around the world hence this notable statement "not your keys, not your coin".
Always do well to transfer your coin to your self-custodial wallet after purchase or daily trading so as not to be taken unawares.
Transferring to your self-custodial wallet is not just enough mind links you click and download from random sites and emails. At least these precautionary measures would keep your wallet and assets safe.
You can actually acquire your Bitcoin assets from a centralized exchange but it is not advisable to leave your assets there as there is no guarantee of your asset safety as it has been proven beyond doubt with respect to activities ongoing relating to the hacking of major notable and well-recognized exchanges around the world hence this notable statement "not your keys, not your coin".
Always do well to transfer your coin to your self-custodial wallet after purchase or daily trading so as not to be taken unawares.
Transferring to your self-custodial wallet is not just enough mind links you click and download from random sites and emails. At least these precautionary measures would keep your wallet and assets safe.
is Blue wallet available for android users too?
Yes. You can download the android version of bluewallet from their official website.You can try Mycelium Wallet, Electrum Wallet, Metamask Wallet, Atomic Wallet if you want. Because these wallets are full security wallets.
Atomic wallet? It seems that you are unaware of what happened to Atomic wallet recently. Visit the topic created by Wind_FURY a few days ago.
A Non-Custodial wallet, Atomic Wallet, being compromised
Electrum is a desktop wallet. Here you have complete access to your funds. No one other that you can easily access the coins from this wallet. Thankfully you didn’t choose the online wallets, as there are many times when breaches have happen and people have lost their funds. So yes Electrum or Ledger wallets are best according to me. Moreover if you want to store your funds securely, then don’t share the private keys to any other person or keep in any online storage. Just write it down in a piece of paper and store it securely.
There is no alternative to using a full security wallet to ensure the safety of funds. Currently, it is not safe to deposit your money in an exchange because any exchange can disappear from the market at any time, so in order to ensure the safety of money, first of all we must refrain from keeping the money in the exchange wallet.
When it comes to security, first of all, everyone will ask to use hardware wallet because you can keep bitcoins and other currencies in hardware wallet very safely. If you have any problem using hardware wallet then there are some powerful wallets that you can use if you want. You can try Mycelium Wallet, Electrum Wallet, Metamask Wallet, Atomic Wallet if you want. Because these wallets are full security wallets.
When it comes to security, first of all, everyone will ask to use hardware wallet because you can keep bitcoins and other currencies in hardware wallet very safely. If you have any problem using hardware wallet then there are some powerful wallets that you can use if you want. You can try Mycelium Wallet, Electrum Wallet, Metamask Wallet, Atomic Wallet if you want. Because these wallets are full security wallets.
Master Hoseeinimr93, whenever you are telling people not to use a wallet for storing their coins because they are closed source, do not hesitate to give them a better option,
You can go for a good hardware wallet like Trezor. That's the best thing you can do. Visit the topic created by dkbit98 to know some other alternatives. [LIST ] Open Source Hardware Wallets
If you can't afford to buy a hardware wallet or you don't want to use a hardware wallet for any other reason, you can use Unstoppable wallet. Visit the topic created by theymos.
Reminder: do not keep your money in online accounts
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What da hell is wrong with these users. Is one copying from another or are both copying randomly from Internet. I guess the later paraphrased the later former.
It is hard to tell if one user copied from the other or if they both independently used an AI tool to come up with similar content. But chances are, they both most likely used ChatGPT or a similar AI tool to generate their content. That definitely looks like a classic ChatGPT response! It has that distinct "AI-generated" vibe that is hard to miss.
If you really want the best option, then it has to be hardware wallets. There aren't any better alternatives to this. But when you are not able to get one, then Electrum is the best option to have. And no, it's not a custodial wallet, it's a non-custodial wallet. So you are safe to use it because only you will have access to your private key. There are some options available in Electrum that will help you too. Such as RBF, multiple wallet addresses to keep your privacy safe, CPFP and many other things.
Also, it will provide the best security compared to other wallets. But always remember, when you are connected to the internet, nothing is immune to hacking.
Never share your private key, don't back them up on the internet. Make multiple hard copy on paper, wood, clothes etc. Keep them safe.
And again, hardware wallets are the best. So if you get the chance, get one.
Also, it will provide the best security compared to other wallets. But always remember, when you are connected to the internet, nothing is immune to hacking.
Never share your private key, don't back them up on the internet. Make multiple hard copy on paper, wood, clothes etc. Keep them safe.
And again, hardware wallets are the best. So if you get the chance, get one.
Everyone should know privacy is the most thing when it comes to the crypto world. So keeping your seed phrase in a secure place should be the first priority of anyone actually holding BTC or any other crypto asset. But I would advice like every other to actually go for a cold wallet if you are holding a large amount of bitcoin just to be on the safer side because all these hot wallets are prone to different attacks.
The reason why we are advised to keep our private keys in a secure location is because we have the option to hold them. Not like to those non-crypto wallets where we are only given a simple password or a pin code to log on to our accounts and there are recovery methods in case we lost them.It's not that the main objective of crypto is for privacy but who likes to store his private keys on an open place anyway? What if someone stoles it or what if your kid, sibs, nephew, and other little kids, mess up your private keys that you write in the notebook? You will never recover your cryptos anymore once you logout from the existing wallet that you use or if it crashes.
It has been some months that I have been in this forum, I have started making arrangements for transacting with Bitcoin in the aspect of buying and storing. I don't have much knowledge of wallet to the extent of knowing a preferable wallet to use for storing my Bitcoin, right now I know that Bitcoin is a valuable asset from my understanding but other people doesn't accept the fact that it is really an asset, so I want to know a good wallet to use for my Bitcoin because I notice that some wallet my friends recommend to me are all exchange kind of wallet and I was told that it's not proper to use an exchange wallet for storing or saving of Bitcoin for a long time. I wish to have more recommendation or articles to read concerning wallets and it's security values but during my research I was recommended to use electrum wallet but I was confused if electrum wallet is an exchange or a custodial wallet, therefore i need a good direction, clarification and update of suitable wallet from senior colleagues.
Be frank, have you really done any research before coming here and asking that question? I mean, there are tons of people that have asked this question and it has been answered for numerous times.What do you see on the right side on main page under your name? News: Latest Bitcoin Core release: 25.0 (https://bitcoincore.org/en/download/)
This isn't here for no reason, you can trust Bitcoin Core wallet, it's the original wallet after all.
Electrum is a good wallet, it also offers a lightweight version that doesn't require you to run node. Just be sure that your computer is virus-free and overall, be sure that you know how to keep your pc secure in order to avoid attack or wallet hack.
Electrum? Yeah, it's a solid wallet choice, lightweight and easy. But hey, just because it's lighter doesn't mean your PC can be loaded with viruses. Crypto hygiene, anyone? Keep your PC clean and safe, or you'll get your coins swiped before you can say "Satoshi"!
The way he does it is to repeat the phrase several times a day. That might guarantee that he won't be able to forget it, but it's a waste of time, and if something unexpected happens, there's no guarantee he'll remember it. Everything is at risk.
I consider it too a risky method and a waste of time and efford. To control that you memorized it properly especially in the learning phase, you need a written record of the mnemonic words. With the written record you have a backup, so no need to memorize it.
Once you learned the words and can repeat them from memory 100% properly and in order, you still have to re-check your memory regularly, maybe not several times a day, but still on a regular base. To then that your memory is still correct you'd need again a written record of the mnemonic words to be sure. Well, then memorizing is a waste of time. Not keeping a written record of the words is likely a recipe for desaster.
But you should never try to memorize your 12 or 24 words seed phrase, that is a very bad advise and an easy way to lose your funds
I remember not long ago, there was a topic about memorizing seed phrases with our memory. The way he does it is to repeat the phrase several times a day. That might guarantee that he won't be able to forget it, but it's a waste of time, and if something unexpected happens, there's no guarantee he'll remember it. Everything is at risk. It's really a bad idea to store our seed phrase, too risky. I also completely disagree with this approach, and we have many ways that can be more efficient and safer.
It has been some months that I have been in this forum, I have started making arrangements for transacting with Bitcoin in the aspect of buying and storing. I don't have much knowledge of wallet to the extent of knowing a preferable wallet to use for storing my Bitcoin, right now I know that Bitcoin is a valuable asset from my understanding but other people doesn't accept the fact that it is really an asset, so I want to know a good wallet to use for my Bitcoin because I notice that some wallet my friends recommend to me are all exchange kind of wallet and I was told that it's not proper to use an exchange wallet for storing or saving of Bitcoin for a long time. I wish to have more recommendation or articles to read concerning wallets and it's security values but during my research I was recommended to use electrum wallet but I was confused if electrum wallet is an exchange or a custodial wallet, therefore i need a good direction, clarification and update of suitable wallet from senior colleagues.
Be frank, have you really done any research before coming here and asking that question? I mean, there are tons of people that have asked this question and it has been answered for numerous times.What do you see on the right side on main page under your name? News: Latest Bitcoin Core release: 25.0 (https://bitcoincore.org/en/download/)
This isn't here for no reason, you can trust Bitcoin Core wallet, it's the original wallet after all.
Electrum is a good wallet, it also offers a lightweight version that doesn't require you to run node. Just be sure that your computer is virus-free and overall, be sure that you know how to keep your pc secure in order to avoid attack or wallet hack.
If you want the safest way to save your crypto, then you should buy a cold wallet or remember the whole wallet seed-phrase.
A cold wallet is just a wallet that stores your keys offline, you can use your old device to create your own air-gapped wallet or you just buy a hardware wallet. But you should never try to memorize your 12 or 24 words seed phrase, that is a very bad advise and an easy way to lose your fundsPersonally, I think there are no completely safe ways to save crypto. You always can lose the cold wallet, forget your seed-phrase or get your wallet stollen.
There is no 100% completely safe way to store your funds just because naturally in this world it is difficult to be 100% certain of something, but there are ways to make sure your funds are 99.9% safe, and memorizing your seed phrase is not one of them, it is one of the easiest ways to lose your funds. A cold wallet set up and used in a safe enviroment, with a very good operational security is all you need to ensure nobody can steal your funds. 
Securing your wallet is an essential step in protecting your cryptocurrency assets. Here are some general tips that can help you secure your wallet:
1. Use a secure wallet: Use a reputable wallet service that has a good reputation for security. You can research different wallet options and choose one that fits your needs.
2. Enable two-factor authentication: Many wallets offer two-factor authentication (2FA) as an added layer of security. Enabling 2FA can help prevent unauthorized access to your wallet.
3. Keep your private keys safe: Your private keys are used to access your cryptocurrency funds, so it's crucial to keep them safe. Consider storing your private keys offline, such as in a hardware wallet or paper wallet, and never share them with anyone.
4. Backup your wallet: Make sure to backup your wallet regularly, and keep multiple copies of your backup in different secure locations.
5. Keep your software up to date: Keep your wallet software and operating system up to date with the latest security patches and updates.
6. Use strong passwords: Use strong, unique passwords for your wallet and avoid using the same password for multiple accounts.
7. Be cautious with public Wi-Fi: Avoid accessing your wallet or any sensitive information related to your wallet on public Wi-Fi networks, which can be vulnerable to attacks.
By following these tips, you can help secure your wallet and protect your cryptocurrency assets. However, keep in mind that no security measure is foolproof, so it's essential to stay vigilant and take steps to protect yourself against potential threats.
1. Use a secure wallet: Use a reputable wallet service that has a good reputation for security. You can research different wallet options and choose one that fits your needs.
2. Enable two-factor authentication: Many wallets offer two-factor authentication (2FA) as an added layer of security. Enabling 2FA can help prevent unauthorized access to your wallet.
3. Keep your private keys safe: Your private keys are used to access your cryptocurrency funds, so it's crucial to keep them safe. Consider storing your private keys offline, such as in a hardware wallet or paper wallet, and never share them with anyone.
4. Backup your wallet: Make sure to backup your wallet regularly, and keep multiple copies of your backup in different secure locations.
5. Keep your software up to date: Keep your wallet software and operating system up to date with the latest security patches and updates.
6. Use strong passwords: Use strong, unique passwords for your wallet and avoid using the same password for multiple accounts.
7. Be cautious with public Wi-Fi: Avoid accessing your wallet or any sensitive information related to your wallet on public Wi-Fi networks, which can be vulnerable to attacks.
By following these tips, you can help secure your wallet and protect your cryptocurrency assets. However, keep in mind that no security measure is foolproof, so it's essential to stay vigilant and take steps to protect yourself against potential threats.
1. Use a secure wallet: When choosing a wallet, look for one that has a good reputation for security and offers features such as two-factor authentication, multi-signature support, and cold storage options. You can research different wallet options and read reviews to help you make an informed decision.
2. Enable two-factor authentication: Two-factor authentication (2FA) requires you to provide an additional code or password in addition to your regular password when logging into your wallet. This can help prevent unauthorized access to your wallet and protect your funds.
3. Keep your private keys safe: Your private keys are used to access your cryptocurrency funds, so it is crucial to keep them safe. You can store your private keys offline, such as in a hardware wallet or paper wallet, which are not connected to the internet and therefore less vulnerable to hacking or other security threats.
4. Backup your wallet: Backing up your wallet is essential in case your device is lost, stolen, or damaged. Make sure to keep multiple copies of your backup in different secure locations, such as a safe or a safety deposit box.
5. Keep your software up to date: Keeping your wallet software and operating system up to date with the latest security patches and updates can help protect against known vulnerabilities and security threats.
6. Use strong passwords: Strong passwords should be at least 12 characters long and include a combination of upper and lowercase letters, numbers, and symbols. Avoid using the same password for multiple accounts, and use a password manager to help you keep track of your passwords.
7. Be cautious with public Wi-Fi: Public Wi-Fi networks can be vulnerable to attacks, so it's best to avoid accessing your wallet or any sensitive information related to your wallet on public Wi-Fi. If you must use public Wi-Fi, consider using a virtual private network (VPN) to encrypt your connection and protect your data.
Overall, these tips can help you secure your wallet and protect your cryptocurrency assets. However, it's important to stay informed about the latest security threats and take additional steps to protect yourself against potential risks.
What da hell is wrong with these users. Is one copying from another or are both copying randomly from Internet. I guess the later paraphrased the former.
Hosseinimr93 also says that Trezor is the best hardware wallet to use.
I mentioned Trezor, because it's surely one of the most popular hardware wallets. I didn't say Trezor is the best hardware wallet. Visit the topic created by dkbit98 and see how the seed extraction vulnerability can cause users to lose their fund.
Trezor hacked (again)
It has been some months that I have been in this forum, I have started making arrangements for transacting with Bitcoin in the aspect of buying and storing. I don't have much knowledge of wallet to the extent of knowing a preferable wallet to use for storing my Bitcoin, right now I know that Bitcoin is a valuable asset from my understanding but other people doesn't accept the fact that it is really an asset, so I want to know a good wallet to use for my Bitcoin because I notice that some wallet my friends recommend to me are all exchange kind of wallet and I was told that it's not proper to use an exchange wallet for storing or saving of Bitcoin for a long time. I wish to have more recommendation or articles to read concerning wallets and it's security values but during my research I was recommended to use electrum wallet but I was confused if electrum wallet is an exchange or a custodial wallet, therefore i need a good direction, clarification and update of suitable wallet from senior colleagues.
Trezor, dont forget to use passphrase and save ur seed safely. I reccomended it to you
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