Topic: Newbie suggestion (Read 228 times)
The best advice for newbies is, first of all, to read this forum a lot and get as much knowledge about cryptocurrency as possible. The more you know the better.
I think there are several bitcoin wallets to handle
I prefer the Blockchain of bitcoin wallet
Simple use the bitcoin Blockchain wallet
It’s the best available to us all on the space
As long as you do not compromise yourself
I prefer the Blockchain of bitcoin wallet
Simple use the bitcoin Blockchain wallet
It’s the best available to us all on the space
As long as you do not compromise yourself
Coinbase is not a wallet. But it can provide a storage for keeping funds. And guys are right, it's not advisable to store coins on the exchange. There are crypto wallets for such purposes which are more secure. You can keep just a little portion on the exchange which has a cold storage like CEX (https://cex.io/).
Coinbase is a coin exchange. And I wouldn't advise you to keep your tokens there, because they could be stolen. Use wallets where there is a private key.
I think that coinbase is a good one already, but if you are not exactly comfortable or okay with using that, then you might want to consider using blockchain.info. It is one of the best and safest wallets that you can use to store up your coins. You can also make use of any of the hardware wallets like ledger.
I would advise you to keep bitcoin on the official website. on the official wallet. at the moment it is the safest.
I think the best wallet that exists at the moment is a hardware wallet. For beginners, enough and MyEtherWallet.
Coin base is good. If you want adequate security, you can use hardware wallets like trezor or ledger nano. You can also use wallets like mycelium. Its a good and trusted Wallet. You can also use blockchain.info as well too
Ethos wallet is coinbase competitor and a lot better
Newbie here. any suggestion for the trusted bitcoin wallet? for now im using coinbase.
I love to use a PC version of waves wallet because it can handle bitcoin as well as some of the best alternative cryptocurrencies and also it is intuitive and easy to use with BTC/ETH
coinomi wallet is very good. it never got hacked. also you can download ios and android apps of coinomi. best thing is you control your private keys. coinbase do not give you private keys
I don't encourage you to keep your coins here on the areas that they can be stolen by hacking. Utilize wallets where there is a private key, as I would like to think, it is the most secure wallets for putting your coins. better wallet you can utilize like MEW, Metamask. You can likewise make a wallet on imtoken. Utilizing a wallet like the one on bitcoin.com is a smart thought. They let you keep your private key and your expression yourself. That is the most secure approach to store your coins.
It is not a wallet, and other exchanges are also not exchange. You should not trust a third party for storing your coins.
Thank you so much. for your suggestion guys. i will read posts in newbies sections.
Newbie here. any suggestion for the trusted bitcoin wallet? for now im using coinbase.
Did you mean you are using an exchange wallet since all this while to get your tokens? Despite several warnings that you shouldn't use an exchange Wallet fill any form be it airdrop or bounty. The implication is that you might lose your coin if it's not traded in coinbase.
There are better wallet you can use like MEW, Metamask. You can also create a wallet on imtoken.
I thought OP only wants to know which trusted (or may secure) Bitcoin wallet. But since this is OP's first post, who knows.
Newbie here. any suggestion for the trusted bitcoin wallet? for now im using coinbase.
Did you mean you are using an exchange wallet since all this while to get your tokens? Despite several warnings that you shouldn't use an exchange Wallet fill any form be it airdrop or bounty. The implication is that you might lose your coin if it's not traded in coinbase.
There are better wallet you can use like MEW, Metamask. You can also create a wallet on imtoken.
I think that you need to choose between the type wallet. If you think that a hardware wallet is good, then you can choose Electrum. If you therefore need a wallet for Ethereum or ERC-20 tokens, you can use Metamask or MyEtherwallet.
Electrum isn't hardware wallet, that was Desktop wallets.
Like the other said, keeping our coins on exchange or web wallet equal to saving our money in the other person.
Newbie here. any suggestion for the trusted bitcoin wallet? for now im using coinbase.
The reliability of cryptocurrency wallets is a relative concept. If you store your funds correctly, then in principle any wallet is reliable. Just break the amount of different wallets and exchanges
coinbase have bitcoin wallet at the same time a exchange site but you don't own the private key. look here https://bitcoin.org/en/choose-your-wallet. you can't trust exchange sites even though they are trusted.
I am using https://blockchain.info/wallet. Many of my friends are using this wallet. I feel safe using it. It is also a well-known wallet. You can try it.There is also a coinomi wallet, which can hold a lot of altcoins in addition to bitcoin and is a mobile APP wallet.
You're not going to feel safe when you lose your coins there. Keep in mind that if its an online wallet, its always not safe, someones going to break that site one day and we'll see more complains about it, its just like putting your coins in an exchange. In that case why not put in binance instead so you can at least sell and buy back to profit.
I think that you need to choose between the type wallet. If you think that a hardware wallet is good, then you can choose Electrum. If you therefore need a wallet for Ethereum or ERC-20 tokens, you can use Metamask or MyEtherwallet.
I am using https://blockchain.info/wallet. Many of my friends are using this wallet. I feel safe using it. It is also a well-known wallet. You can try it.There is also a coinomi wallet, which can hold a lot of altcoins in addition to bitcoin and is a mobile APP wallet.
Keeping your coins in an exchange like coinbase is not advisable as they can get hacked at any time and you would end up losing your coins. Using a wallet like the one on bitcoin.com is a good idea. They let you keep your private key and your phrase yourself. That is the safest way to store your coins. If you do not own the private key to a wallet, then you do not own the wallet.
Coinbase isn't a wallet - it's an exchange. You shouldn't plan to keep a significant amount of coins on an exchange for any length of time. Have a read of this thread in the Beginners' section which should answer all your questions:
[General] Bitcoin Wallets - Which, what, why?
[General] Bitcoin Wallets - Which, what, why?
If what you mean with trusted, equal to secure.
Hardware wallet such us Ledger Wallet, Trezor, Etc.
Desktop Wallet
Full Node: Bitcoin Core
Lightweight: Electrum, Exodus, Copay, Armory, etc
Or may paper wallet.
Hardware wallet such us Ledger Wallet, Trezor, Etc.
Desktop Wallet
Full Node: Bitcoin Core
Lightweight: Electrum, Exodus, Copay, Armory, etc
Or may paper wallet.
Newbie here. any suggestion for the trusted bitcoin wallet? for now im using coinbase.
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