I think the first question should be:
- Do you want to store your coins for a long time and don't spend them
- or do you want to trade with or send them to others
Saving long term
Your best option is using cold storage. Simply generate an address (i.e. https://www.bitaddress.org/), transfer your corresponding coins to that address, print your private key to paper, laminate it and store it somewhere safe. Now only you have your keys. Search for "creating cold wallet" to do this the most secure way.
Having those coins at hand
First of, if you want to trade those coins you obviously have the get them on an exchange. Never ever let big amounts of money sit on addresses you don't own. If the exchange gets hacked, goes offline, the wallet is under maintenance, your account gets banned or there are withdrawal restrictions, you won't get your money back. That applies to every online wallet where you don't have the private key for. Online wallets are not safe!
I see two options:
- buy a hardware wallet (around 100$ but quite hassel free and safe)
- download the acording wallet (Problem: not every coin has a lite wallet and therefore you would have to also download the acording blockchain which might be around 20 GB )
With some of the lesser known coins it's hard to find a wallet so you have to store them on an exchange.
Topic: Safest Crypto Currency Wallets? (Read 2478 times)
With that backdrop, its highly unlikely that a saver who earned his money the hard way, like me, would step into this kind of Fear.
I'm using blockchain to store my bitcoin, I want to hear more about a different wallet that can help me save my bitcoin.
My absolute best wallet is IOTA's wallet, once you deposit you battle to get it out. There is alot of issues with it BUT due to this I've been unable to sell my IOTA's which is a very good thing, I bought at $0.31 and is now $4.33 - that is a good wallet (lol)
I'm not worried because I know a better wallet will be released shortly.
MEW is also very good just watch out for phisning scams (slam) I got hacked
Lessons learnt.
I'm not worried because I know a better wallet will be released shortly.
MEW is also very good just watch out for phisning scams (slam) I got hacked
Lessons learnt.
I think coinbase will be best
You can use Bitcoin, Litcoin, Ethreum at same account.
You can send dollar conbase to coinbase without any fee and instant
You can use Bitcoin, Litcoin, Ethreum at same account.
You can send dollar conbase to coinbase without any fee and instant
ou want a safe cryptocurrency wallet, you should buy a hardware wallet like ledger nano which support multi-currencies and it is safe because it is a hardware wallet and it stores your cryptocurrencies offline so there is no problem and you are hackproof because your cryptocurrencies are offline. 
I have been reading about crypto for 3 months now.
I am a photographer.. I know crypto but unlike IT guys I fail to understand the need for complexity in storing coins... buying is simple but the only thing I read online about wallets is "That one fine day a hacker will steal your coins" or "once you lose your password, your money is gone" or "once your computer crashes or you use your phone your money is gone"
With that backdrop, its highly unlikely that a saver who earned his money the hard way, like me, would step into this kind of Fear.
The more I learn the more complex it gets..
I am a photographer.. I know crypto but unlike IT guys I fail to understand the need for complexity in storing coins... buying is simple but the only thing I read online about wallets is "That one fine day a hacker will steal your coins" or "once you lose your password, your money is gone" or "once your computer crashes or you use your phone your money is gone"
With that backdrop, its highly unlikely that a saver who earned his money the hard way, like me, would step into this kind of Fear.
The more I learn the more complex it gets..
You're correct - the more you learn the more complex it gets. But, I suppose, the same is true with photography.
"Why must I learn about ISO; light apertures; and shutter speed? it's all so complicated. Why can't you simply point and shoot?
Because the topic is complicated. You need to learn about your subject. It will get more complicated for a while and then it will begin to make sense. Or you can wait 10 years when the process is mature and user friendly.
its all so very confusing.
why not make something Simple and Secure, both at the same time.
It would take a long long time for people to accept cryptos.
I tried to create an account at Bitco but hey ....so manys key with PDF file..
I just gave up on opening a bitcoin wallet at least
Terrible experience.
Its ok , Let them not Simplify
why not make something Simple and Secure, both at the same time.
It would take a long long time for people to accept cryptos.
I tried to create an account at Bitco but hey ....so manys key with PDF file..
I just gave up on opening a bitcoin wallet at least
Terrible experience.
Its ok , Let them not Simplify
Why not? Because it's not as simple as you thinlk. Improving user experience takes a lot of work and people expect to get paid for their efforts. Right now crypto wallets are far better, and far more user friendly than they were a few years ago. You're correct that the average person will not get into crypto until the UX has improved. But you're not the average person. Put in the work and it will begin to make sense to you.
I plan to embrace the crypto world.
I have two questions.
a) What are the safest Bitcoin, Litecoin and Ethereum Wallet. A separate wallet for each is what I am asking.(online wallets preffered)
And
b) Which is the safest Multicurrency Wallet (online wallets preffered)
I choose Coinbase for the online wallet, I think its safe and secure because this is the wallet am using too I have two questions.
a) What are the safest Bitcoin, Litecoin and Ethereum Wallet. A separate wallet for each is what I am asking.(online wallets preffered)
And
b) Which is the safest Multicurrency Wallet (online wallets preffered)
all wallet are safe, it depends you how your act to keep your wallet secure, if you let another people know your password or private key, then it will mean nothing whatever wallet that u use to save your funds. the best wallet secure for saving your coin are ledger nano s. you need to buy it, it's a hardware wallet, keep secure your seed.
i use coinbase for bitcoin wallet and myetherwallet for ethereum,ethereum based tokens. Myetherwallet also can be use for etherdelta but i dont recommend it. I couldn't solve is it safe or not ?
I plan to embrace the crypto world.
I have two questions.
a) What are the safest Bitcoin, Litecoin and Ethereum Wallet. A separate wallet for each is what I am asking.(online wallets preffered)
And
b) Which is the safest Multicurrency Wallet (online wallets preffered)
I have two questions.
a) What are the safest Bitcoin, Litecoin and Ethereum Wallet. A separate wallet for each is what I am asking.(online wallets preffered)
And
b) Which is the safest Multicurrency Wallet (online wallets preffered)
I just started today and some of my friends recommends exodus but I not try it yet. I still use MEW for my ETH and coinbase for btc. Anybody have tried exodus? What's the difficulty level for beginner?
I plan to embrace the crypto world.
I have two questions.
a) What are the safest Bitcoin, Litecoin and Ethereum Wallet. A separate wallet for each is what I am asking.(online wallets preffered)
And
b) Which is the safest Multicurrency Wallet (online wallets preffered)
I have two questions.
a) What are the safest Bitcoin, Litecoin and Ethereum Wallet. A separate wallet for each is what I am asking.(online wallets preffered)
And
b) Which is the safest Multicurrency Wallet (online wallets preffered)
Online wallets are generally not safe. Anyway if you wanna use online wallet I suggest you to use blockchain.info. But keep in mind you won't have full control of your private keys and also it doesn't have Litecoin.
Safest options are not online. For this reason I suggest you to use:
- Electrum for Bitcoin
- My Ether Wallet for Ethereum.
Good multicurrency wallets are Waves (google chrome extension) and Coinomi for Android.
I recommend to use MyEtherWallet, Because i think this is the safest cryoto currency wallets right now.
Does anybody know of a friendly website that compares Crypto Currency cold storage wallets?
Online web-wallets are websites or even online exchanges that allow storage. As I mentioned above, this is the least secure option as it usually involves leaving the management of your private keys to a web server. Web servers are prone to hacking, and users must also trust the online wallet operators. It is however a really convenient way to keep a couple dollars worth of bitcoin online for quick and easy payments. If you have large amounts, then never keep it all in a web-wallet.
The safest are hardware wallet. You need to buy those if you don't want offline or online wallets.
Electrum Wallet for Bitcoin
MEW (My Ether Wallet ) for ethereum and tokens
MEW (My Ether Wallet ) for ethereum and tokens
every wallets are safe mate, they wont be released til had security lable.
a). for bitcoin : blockchain will be the best wallet if look by the security.
b). i'm not going to recommend LTC and ETH online wallet, you prefer use Coinomi as multicoin wallet.
a). for bitcoin : blockchain will be the best wallet if look by the security.
b). i'm not going to recommend LTC and ETH online wallet, you prefer use Coinomi as multicoin wallet.
I plan to embrace the crypto world.
I have two questions.
a) What are the safest Bitcoin, Litecoin and Ethereum Wallet. A separate wallet for each is what I am asking.(online wallets preffered)
And
b) Which is the safest Multicurrency Wallet (online wallets preffered)
I have two questions.
a) What are the safest Bitcoin, Litecoin and Ethereum Wallet. A separate wallet for each is what I am asking.(online wallets preffered)
And
b) Which is the safest Multicurrency Wallet (online wallets preffered)
I'm late to this conversation. But for anyone else who is new to crypto and wants to embrace the crypto world, I'd like to suggest you check out my website, Decryptionary.com
It is the simplest crypto and blockchain dictionary. It has 200+ definitions, silly stick-figures, and visual walkthroughs to help new guys understand the subject, get their first crypto, diversify and protect their investment.
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