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Topic: Most frustrating thing about Cryptocurrency - lack of wallet list. Is there any? - page 2. (Read 1151 times)

legendary
Activity: 1708
Merit: 1036
Try Jaxx. It is a liteweight client, and recently announced adding support for dozens of altcoins.
hero member
Activity: 1260
Merit: 524
Op is asking about to knowing the wallet of each new altcoin are out their in trading exchange then i think if you properly see then their will be always link to the altcoin information section where you can find all details about that coin and how to obtain the wallet for that coin. It is that you are not able to find it due to you are new to it, if you do some hardwork then you will find all details on the exchange where the coin is trading.
legendary
Activity: 1806
Merit: 1164
As someone who is fairly new to cryptocurrency there is one thing that really frustrates and annoys me above everything else, and that I imagine is a big hurdle to cryptocurrency becoming really mainstream and that is the big confusion and vague nature around wallets and safe storage of coins.

One thing you always hear is that you should not store your coins on exchanges and that you risk losing them in a hack. And most people, even those who do not buy cryptocurrency know about the big hacks in the past and how people lost a lot of coins. Something that naturally scare away a lot of potential buyers.

Then there is us who want to buy some coins anyway, but is it so damn frustrating to know where to store the coins you actually buy. Is there not some big guide out there that is updated on a continual basis with the best and safest method to store different coins? That would be an invaluable source. A place you can go to look up the coin you just bought and look up the best way right now that is available to store that coin in regards to security and that you can trust is legit etc. If the coin has a dedicated wallet, if it supported by some hard wallet like Trezor or Ledger etc, if there is a trusted paper wallet generator and how to do it by step in step instructions etc.

Do anyone know of anything like this?

You can find out coins supported by Trezor here and by Ledger Nano S here. All it took me was a minute with Google to find that info. It never hurts to start out right by using a hardware wallet for coins you are interested in. You never have to worry about having your coins stolen by malware. Some coins like Monero do not have hardware wallet support yet.

If you are going to store more than a few hundred dollars worth of bitcoin on a phone you might want to use Mycelium Android wallet with either a Trezor or Ledger Nano S hardware wallet managing the private keys. All it takes is an OTG cable and a newer Android phone.

Safety is relative. If you have possession of your private keys on a desktop wallet that is always safer than an online wallet and probably most exchanges. However you do have to worry about malware stealing your bitcoin, even with a password protected wallet. That is why hardware wallets are so popular and Trezor and Ledger often sell out.
full member
Activity: 140
Merit: 100
But there are already a lot of websites and lists available in the internet about Bitcoin wallets and other coins.

https://bitcoin.org/en/choose-your-wallet
Some cons and pros about the main wallets in the market divided by mobile, desktop, hardware and web wallet.

https://bitcointalksearch.org/topic/overview-bitcoin-hardware-wallets-secure-your-coins-899253
Overview about most of the Hardware Wallets for sale.

https://www.cryptocompare.com/wallets/#/overview
Another list with almost every wallet you can think off. Including other coins like ETH, LTC, DOGE, etc...

Ok that last link seems to be a bit useful, even though I don't see a way to seach for a coin to see what wallets are supported for it?
Also do anyone check the wallets that are added to this list to make sure they are legit?

Btw, another question about mobile wallets, are they safe? Compared to desktop wallets? If you use a mobile wallet, say an android wallet, would it be safer to just use an old android phone you don't use anymore that you just power on when to check your balance and have turned off at all other times, instead of using your regular mobile that you use regulary?

Also are downloadable wallets like desktop and mobile wallets safer than online wallets? And are online wallets safer than exchanges?
legendary
Activity: 2758
Merit: 6830
But there are already a lot of websites and lists available in the internet about Bitcoin wallets and other coins.

https://bitcoin.org/en/choose-your-wallet
Some cons and pros about the main wallets in the market divided by mobile, desktop, hardware and web wallet.

https://bitcointalksearch.org/topic/overview-bitcoin-hardware-wallets-secure-your-coins-899253
Overview about most of the Hardware Wallets for sale.

https://www.cryptocompare.com/wallets/#/overview
Another list with almost every wallet you can think off. Including other coins like ETH, LTC, DOGE, etc...
full member
Activity: 140
Merit: 100
Choose your Bitcoin wallet - https://bitcoin.org/en/choose-your-wallet

Ok, so how do you use this to look up the latest coin you just bought to see what wallets supports it and are safe?

This site looks like it is just focused on Bitcoin? Everyone knows the best way to store Bitcoins. That is not the problem.
legendary
Activity: 2226
Merit: 1052
full member
Activity: 140
Merit: 100
As someone who is fairly new to cryptocurrency there is one thing that really frustrates and annoys me above everything else, and that I imagine is a big hurdle to cryptocurrency becoming really mainstream and that is the big confusion and vague nature around wallets and safe storage of coins.

One thing you always hear is that you should not store your coins on exchanges and that you risk losing them in a hack. And most people, even those who do not buy cryptocurrency know about the big hacks in the past and how people lost a lot of coins. Something that naturally scare away a lot of potential buyers.

Then there is us who want to buy some coins anyway, but is it so damn frustrating to know where to store the coins you actually buy. Is there not some big guide out there that is updated on a continual basis with the best and safest method to store different coins? That would be an invaluable source. A place you can go to look up the coin you just bought and look up the best way right now that is available to store that coin in regards to security and that you can trust is legit etc. If the coin has a dedicated wallet, if it supported by some hard wallet like Trezor or Ledger etc, if there is a trusted paper wallet generator and how to do it by step in step instructions etc.

Do anyone know of anything like this?
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