How to Choose a Wallet | Bitcointalksearch.org

NoobStroob

newbie

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Quote from: HabBear on November 17, 2017, 11:23:41 PM

The "best wallet" is tough for anyone to give anyone else advice on. There are so many personal variables involved in that decision. E.g., what are you using the wallet for - savings or transactions? What other currencies do you need to maintain in this wallet? What country do you live in?

Everyone's opinion is cool, but none of them will be perfect for you.

Instead, check out this site that compares all the crypto wallets: https://www.cryptocompare.com/wallets/#/overview

Good luck!

Thanks for the advice. I'm mainly concerned with long-term holding right now. I'm currently holding all crypto (BTC, LTC, and ETH) in different exchanges, but I'm trying to get them out of the exchanges for obvious security reasons.

HabBear

hero member

Activity: 1106

Merit: 638

The "best wallet" is tough for anyone to give anyone else advice on. There are so many personal variables involved in that decision. E.g., what are you using the wallet for - savings or transactions? What other currencies do you need to maintain in this wallet? What country do you live in?

Everyone's opinion is cool, but none of them will be perfect for you.

Instead, check out this site that compares all the crypto wallets: https://www.cryptocompare.com/wallets/#/overview

Good luck!

kmarume

newbie

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I currently have a small amount in Coinbase but I remember seeing somewhere that they're not very good. Thoughts?

CoinCollector006

sr. member

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Merit: 251

Quote from: NoobStroob on November 17, 2017, 01:23:13 PM

In your opinion, what's the best wallet to store BTC? I'm currently looking into different online wallets, but I'm not sure which one I can use reliably. Also, would you recommend paying the extra bit of money and just using a hardware wallet? If so, which hardware wallet would you recommend (mainly between Trezor and Nano). I don't mind paying a little more for the added security as long as a hardware wallet has more benefits than an online one.

Hello, if I were in your shoes I would have several wallets at a minimum to diversify your capital and would proceed as follows.

BTC: electrum, jaxx
ETH: myetherwallet, metamask

jaxx allows you to store lots of other tokens besides BTC. Once you have a bigger portfolio might consider a Ledger Nano wallet (its cheaper so you can buy two of them to have a backup on case the first one breaks or is lost).

Some people recommend Coinomi wallets, but I am not sure its a good idea to store your wealth on your phone.

pugi2

member

Activity: 286

Merit: 31

For bitcoin since i have not much bitcoin, i just use online wallet thats blockchain.info
Thats my favorit wallet for bitcoin.

kahc

member

Activity: 350

Merit: 13

Quote from: NoobStroob on November 17, 2017, 03:02:05 PM

Thanks for the reply. Do you know of any online wallets that support altcoins as well?

Is there a specific coin you are looking for?
Every online exchanges(like bittrex, Bithumb, cryptopia, coinbase, etc....) use online wallet, also known as hot wallet. There you have different wallets for each type of coins that they support.
For desktop we have Exodus, Jaxx. For Android device Coinomi.

Personally I use MyEtherWallet for ETH and ERC20 tokens. MyEtherWallet can function both as hot and cold wallet.

Hint: Never store huge amount on exchanges for an extended period of time , and always use cold wallet for long-term investment.

NoobStroob

newbie

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Thanks for the reply. Do you know of any online wallets that support altcoins as well?

kahc

member

Activity: 350

Merit: 13

Quote from: NoobStroob on November 17, 2017, 01:23:13 PM

In your opinion, what's the best wallet to store BTC? I'm currently looking into different online wallets, but I'm not sure which one I can use reliably. Also, would you recommend paying the extra bit of money and just using a hardware wallet? If so, which hardware wallet would you recommend (mainly between Trezor and Nano). I don't mind paying a little more for the added security as long as a hardware wallet has more benefits than an online one.

I recommend Electrum,it is easy to setup and use. If you disconnect yourself from the internet and make a new wallet you got yourself a cold wallet.

I would go for Hardware wallet if you have more than a few BTCs, it is undoubtedly the most secure and safest solution. Trezor and Nano are both in the same league safety-wise, so choose the one that supports the coins you own or want to invest in.

NoobStroob

newbie

Activity: 16

Merit: 0

In your opinion, what's the best wallet to store BTC? I'm currently looking into different online wallets, but I'm not sure which one I can use reliably. Also, would you recommend paying the extra bit of money and just using a hardware wallet? If so, which hardware wallet would you recommend (mainly between Trezor and Nano). I don't mind paying a little more for the added security as long as a hardware wallet has more benefits than an online one.

Topic: How to Choose a Wallet (Read 209 times)