There's just a lot of misleading information on web 2
You read that about Ledger? These might be because several months ago Ledgers users database (names, e-mails, phone numbers of 272,000 customers) was hacked. The received info was posted somewhere at Raidforums. Afterwards some owners of Ledger wallet suffered a little bit. Despite the fact their assets were in safe, they were phoned and received e-mails with threats. Nevertheless Ledger wallets are still the best for hodlings.
Topic: Looking For Best Self Hosted Crypto Wallet (Read 207 times)
I will not contradict others when they recommend a hardware wallet, it is one of the safest ways to keep our private keys in the most secure environment. All you have to do is save the backup in at least 2 or three copies in safe places (preferably different locations), and always check that any information on the screen of the device is identical to what we see in the user interface.
Maybe, it is considered one of the safest ways, but a paper wallet could even be safer due to the nature of it. However, what I would say is hardware wallets are particularly good for wallets that need to be accessed frequently, and still have good security. Ideally, the perfect setup in my opinion would be something like a paper wallet, or at the very least a wallet hosted on a offline computer which would act as your stockpile of Bitcoin, that you are holding for long periods of time. Then, a hardware wallet for moving coins about on a frequent basis. The only improvement over this would be the have multiple wallets without it becoming confusing to store your Bitcoin that you wish to stockpile, so that if one is compromised then the others aren't, and therefore you don't lose your entire Bitcoin net worth.
Looking for a wallet that is secure, decentralized, able to hold multiple cryptos, and one that gives me access to my private keys. I recently transitioned from Coinbase to Atomic Wallet but now I'm looking at the Ledger Nano X with Ledger Nano Live. There's just a lot of misleading information on web 2 and I'm hoping someone here can point me in the right direction. I'm not looking to buy/sell crypto and profit USD, I'm looking for a wallet that holds my crypto that I can use to trade/exchange. Any info would be appreciated.
You have already mentioned Ledger Nano, that’s a good wallet and it am be used to store your coins safely and offline too since it’s a hardware wallet and that is the same thing with Trezor, you can just choose any one of them you think you like or is going to work best for you, as far as I know the both of them can carry so many different types of coins, you can still visits their websites to check for yourself and know the coins that you can store with them, there are already comments that have pointed you to the right links to both hardware wallets.You can then be storing the coins that you’re not using to trade on these hardware wallets while the rest can be on exchange for trading.
Trezor or paper wallet with more than one backups is enough.
I do not recommend a paper wallet. OP is asking for a wallet that will support multiple currencies, not only Bitcoin or Ethereum. I am curious to know what misinformation about Ledger? The only thing that happened with the Ledger website is a data leak. It doesn't relate to the Ledger device, so the device still secure. I have been using Ledger for a long time and hadn't faced any issue yet. Database of Ledger website wouldn't harm you, because wallet seed wouldn't be pre-generated. This means no one has access to your Ledger wallet. For more security, create a seed for the first time after receiving the device and reset it by entering the wrong password 3 times. Then create another seed and write it in a safe place. So, there is no doubt that the seed was pre-generated. Any wallet wouldn't save your assets if you can't save the wallet credential. This means you have to stay away from a possible attack like phishing websites. Always try to verify any updates from the official websites. Keep in mind, you should need to buy a hardware wallet from the official site/store.
Looking for a wallet that is secure, decentralized, able to hold multiple cryptos, and one that gives me access to my private keys. I recently transitioned from Coinbase to Atomic Wallet but now I'm looking at the Ledger Nano X with Ledger Nano Live. There's just a lot of misleading information on web 2 and I'm hoping someone here can point me in the right direction. I'm not looking to buy/sell crypto and profit USD, I'm looking for a wallet that holds my crypto that I can use to trade/exchange. Any info would be appreciated.
Most of the people above recommend using Ledger or Trezor. Basically, this is good advice and these hardware wallets are good and reliable. So far, hackers have not been able to break them. But some nuances should be taken into account. Hope you haven't forgotten the recent events Ledger, when the customer database was hacked and stolen? This is a lesson for everyone that you cannot purchase devices like hardware wallets using your personal data. Therefore, I think wallets need to be bought from official dealers who do not require personal data.
Why would you like to use Ledger Nano X with Ledger Live? You can use Ledger Nano X along with most official crypto wallets. For example, Ledger Nano X + Electrum / MEW / Metamask and so on.
You can also use Ledger + Trezor paired with access to Electrum, for example, if you want to raise the reliability level even higher. In this case, you need to confirm access on both devices. So there are plenty of options.
I am very unfamiliar because I don't invest and trade, just looking for a bounty program. i use myetherwallet and so far it is safe. indeed there only stores a few tokens, of course, those on the myetherwallet list. or maybe you want to try yobit or binance? Lately a lot of talking about it.
The nano ledger that I have does not have a-z letter and is still safe to use today to store my assets. so don't bother what people say, you can directly visit the nano ledger's official website to buy the original and the one with warranty
Trezor or paper wallet with more than one backups is enough.
I will not contradict others when they recommend a hardware wallet, it is one of the safest ways to keep our private keys in the most secure environment. All you have to do is save the backup in at least 2 or three copies in safe places (preferably different locations), and always check that any information on the screen of the device is identical to what we see in the user interface.
If you have no problem making KYC, Ledger gives you the option to trade directly through Ledger Live via Coinify exchange - but keep in mind that in that case the fees are probably a bit higher than in the case of Coinbase. Also pay attention to the list of countries where this exchange is available.
I'm not looking to buy/sell crypto and profit USD, I'm looking for a wallet that holds my crypto that I can use to trade/exchange. Any info would be appreciated.
If you have no problem making KYC, Ledger gives you the option to trade directly through Ledger Live via Coinify exchange - but keep in mind that in that case the fees are probably a bit higher than in the case of Coinbase. Also pay attention to the list of countries where this exchange is available.
The most secure multicurrency type of wallet you might be looking for according to your description is probably a hardware wallet. The most commonly known and popular are Ledger Nano and Trezor. They do reduce a lot of risk of losing funds as compared to software or web wallets.
Personally, I don't know of any multicurrency software wallet that is Open source .
Personally, I don't know of any multicurrency software wallet that is Open source .
You may want to look at this wallet, HODLER Wallet - The Only Open Source Multi-Asset Wallet and see how it fits your need.
Trust wallet is recommended to me by my friends who are in crypto for some years and I also use it now with no any problems very smooth and you can always be sure that you are only the one who controls your private keys import/export so for me its really trusted one as define by its name.
^^
Bitcoin core wallet is not an option here as op clearly stated that he is looking for a multi-currency wallet and bitcoin core supports only bitcoin.
@op, by decentralized I suppose you mean open source, right!
If not then I would suggest trying Coinomi. It's not open source but supports a lot of cryptocurrencies and it is really easy to use.
Bitcoin core wallet is not an option here as op clearly stated that he is looking for a multi-currency wallet and bitcoin core supports only bitcoin.
@op, by decentralized I suppose you mean open source, right!
If not then I would suggest trying Coinomi. It's not open source but supports a lot of cryptocurrencies and it is really easy to use.
Have you looked at Trezor? www.trezor.io
Alternatively why not use Bitcoin Core Wallet at www.bitcoin.org
Alternatively why not use Bitcoin Core Wallet at www.bitcoin.org
If you are looking for the best crypto wallet you already mention it.
What do you mean by misleading information? Are you pointing to ledger nano?
There are lots of phishing ledger website so if you are looking to the right website this is the right URL https://ledger.com
Another hardware wallet is Trezor they also support many coins and token you can check the list of supported coins from here https://trezor.io/coins/
Take note of their promo check them here
- https://shop.ledger.com/pages/valentines-day-special-offers
- https://shop.trezor.io/?h=7472657a6f722e696f
What do you mean by misleading information? Are you pointing to ledger nano?
There are lots of phishing ledger website so if you are looking to the right website this is the right URL https://ledger.com
Another hardware wallet is Trezor they also support many coins and token you can check the list of supported coins from here https://trezor.io/coins/
Take note of their promo check them here
- https://shop.ledger.com/pages/valentines-day-special-offers
- https://shop.trezor.io/?h=7472657a6f722e696f
Looking for a wallet that is secure, decentralized, able to hold multiple cryptos, and one that gives me access to my private keys. I recently transitioned from Coinbase to Atomic Wallet but now I'm looking at the Ledger Nano X with Ledger Nano Live. There's just a lot of misleading information on web 2 and I'm hoping someone here can point me in the right direction. I'm not looking to buy/sell crypto and profit USD, I'm looking for a wallet that holds my crypto that I can use to trade/exchange. Any info would be appreciated.
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