Safest cryptocurrency wallets - page 2.

TheGreatPython

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Quote from: elvismicc on October 07, 2020, 12:19:43 PM

Hope this thread will help me figure out which wallet I can store my Bluzelle token, every time I wake up to hear crypto wallet or exchange been hacked it discourage me alot for me I think trust wallet is cool but I still need some professional reviews

You may use Binance to store your coins and I know it is not a very clever idea to store your coins in the exchange but that is said because exchanges are often hacked and there are many exchanges which have been hacked or did an exit scam. Now why I am recommending Binance is because they are really a established exchange and never heard of anyone having any problems with them either. There is crypt.com wallet too but i have not used it yet so I do not know how safe it is and how it works although a few colleagues of mine use it and say it is pretty good.

Since you said you only want to store Bluzelle tokens then I suggest you to down their official wallet from the official website because nothing is more safer than a core wallet for keeping the coins because you always control your keys and unless your system is hacked or infected you are very safe.

fullhdpixel

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Quote from: qomariah95 on October 07, 2020, 07:36:37 AM

The best choice of the safest wallet is indeed a hardware wallet. But because not everyone can have it, another option is free dompe. Many crypto wallets are free to use and are definitely safe. One of them that I often use is the Trust wallet, this is the wallet I use to store crypto. And so far I have had no problems using it.

I agree and hardware wallets are not easy to use for daily spending of crypto because you have to keep a hot wallet or regular wallet for that. I am using exodus right now because it has a really good interface and feels very easy to use and has an in built exchange so I can convert my coins easily without having to deposit anywhere and don't have to pay extra fees for withdrawal and deposit since they have their own in-built exchange.

You might want to try it but since I don't want to fall in trouble please do your own research and then use it because though it is working super cool but recommending a wallet can be tricky at times. I also like blockchain.com wallet but they have only a few coins there.

tabas

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Quote from: isaac_clarke22 on October 08, 2020, 12:25:33 PM

Quote from: tabas on October 08, 2020, 11:56:37 AM

Quote from: lifeOK on October 08, 2020, 08:48:45 AM

~

Coinbase is a known exchange but using it as a wallet which you'll be holding your assets, I don't think it's appropriate for that use.
I'll trust using Electrum than it for that purpose.

Or a single Ledger Nano S if one has a spare money to buy one.
I've seen some people holding their coins in certain exchange just because of earning a one-digit percentage of APY, while risking their security from it.
Even if it is popular exchange, you can't say that it is also popular for its security. Community support =/= Security.

Yes, Ledger Nano S is cheaper and it's more affordable. You can also wait for the sale which they lower the prices too much and makes it even more affordable for most people who are wanting to have a hardware wallet.
That's the truth about exchanges, security and support to its customers are two different things.

lumeire

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Quote from: Plinteng on October 09, 2020, 02:33:04 PM

So here, in my opinion the safest wallet is a paper wallet, because physically you don't have online access. but If we talk about hot wallets - the most important thing is to be able to know your private key, seed phrase and maybe you can use a mobile wallet like Trustwallet.

As far as I know all the wallets that let you sweep your private key are the safest and the other thing to note is whether the wallet is stored online or offline, if stored online then the wallet can be hacked so it isn't safe at all. Hardware wallets from the reputable sources are the safest wallets out in the market. I personally like to use vanitygen along with electrum thru which I can generate my personalised addresses and then import them in my electrum wallet with the private key.

HK88

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Hardware wallets and paper wallets are safe and secure, therefore if you have large funds storing them in this type of wallet is a safe place, but mobile wallets are more convenient and easy to use because every day we use our phones and I recommend them like Truswallet. besides that The most important thing about a mobile wallet is its private key, seed or phrase, if you can make it secure then you make your wallet safe too.

Plinteng

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So here, in my opinion the safest wallet is a paper wallet, because physically you don't have online access. but If we talk about hot wallets - the most important thing is to be able to know your private key, seed phrase and maybe you can use a mobile wallet like Trustwallet.

ShowOff

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Quote from: ufaiz50 on October 08, 2020, 11:02:49 PM

I have suggestions depending on its use, as a market observer or more or less a trader, I will save cryptocurrency on the exchange platform. Because of the ease of management. from what I see because you look from a security point of view and avoid hacking it would be better to use hardware wallets such as ledger and trezor.

The use of wallet must be tailored to the need and finances that we have. If you want to have a wallet with a good level of security then the choice is a hardware wallet. I think there are a few crypto wallet that are free but with a good level of security and so far I feel okay with them. imToken is one of the many wallet I've used and found it pretty good to try.
I think the security of the assets we have in our wallets is our responsibility as owner. Many cases of hacking and loss of crypto asset stem from users' failure to secure their wallet. A lot of people will recommend a hardware wallet if they want more security, and I believe this is the best choice for anyone.

sgenuine

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Quote from: lifeOK on October 08, 2020, 08:48:45 AM

I use coinbase and I find it very convenient. One of the only wallet and exchanges I trust. Coinbase is the second biggest exchange in the crypto space, if you use Coinbase Pro then fee is very low. Coinbase is going to be the no 1 crypto trading platform where you put your trust.

I prefer Blockchain website (.com). This is the coolest service for storing and managing cryptocurrency. It differs in simplicity of work and 2-level security system. The user gets access to his wallet after opening the site of the same name. Pros include apps that are compatible with Android and iOS devices, and the ability to export encrypted keys.

ice098

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Quote from: ufaiz50 on October 08, 2020, 11:02:49 PM

Quote from: Aqib Sarwar on August 12, 2020, 02:10:06 AM

Cryptocurrencies can be kept online or offline. If the cryptos are kept on the exchange platforms or other online platforms, it can be lost due to hacks.

So it is important to choose the best wallets that are safe and secure. Please help me in choosing the safest cryptocurrency wallets

I have suggestions depending on its use, as a market observer or more or less a trader, I will save cryptocurrency on the exchange platform. Because of the ease of management. from what I see because you look from a security point of view and avoid hacking it would be better to use hardware wallets such as ledger and trezor.

I f i were going to ask what was the safest cryptocurrency wallet i will definitely suggest a hardware wallet. Just pick which either Nano Ledger or trezor brand you were going to use. Well in fact it is just only my suggestion depend upon my own analysis which crypto wallet was the safest one. It is offline application and i bet this would suite from your security purposes issues of your crypto token and hope it may help you for some consideration.

StyleForceOne

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Quote from: qomariah95 on October 07, 2020, 07:36:37 AM

The best choice of the safest wallet is indeed a hardware wallet. But because not everyone can have it, another option is free dompe. Many crypto wallets are free to use and are definitely safe. One of them that I often use is the Trust wallet, this is the wallet I use to store crypto. And so far I have had no problems using it.

I've considered buying one hardware wallet myself, but honestly I don't see how it is way better than paper wallet which is ultimately free.
I do have hot wallets to trade on daily basis, but I use several ones for different stuff.

Lerikaweb

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I think that you could use any of cold wallets available) and there are dozens of them! there is no need to think much about which one to choose if you use it carefully and never disclose your passwords to other people.

semobo

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Quote from: isaac_clarke22 on October 08, 2020, 12:25:33 PM

Quote from: tabas on October 08, 2020, 11:56:37 AM

Quote from: lifeOK on October 08, 2020, 08:48:45 AM

~

Coinbase is a known exchange but using it as a wallet which you'll be holding your assets, I don't think it's appropriate for that use.
I'll trust using Electrum than it for that purpose.

Or a single Ledger Nano S if one has a spare money to buy one.
I've seen some people holding their coins in certain exchange just because of earning a one-digit percentage of APY, while risking their security from it.
Even if it is popular exchange, you can't say that it is also popular for its security. Community support =/= Security.

We have huge lists of exchange hacks history since cryptos were created but still people go with the profits over the security of their capital.Yes there are some exchanges can cover the losses if they got hacked but not every exchange is going to do the same.

ufaiz50

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Quote from: Aqib Sarwar on August 12, 2020, 02:10:06 AM

Cryptocurrencies can be kept online or offline. If the cryptos are kept on the exchange platforms or other online platforms, it can be lost due to hacks.

So it is important to choose the best wallets that are safe and secure. Please help me in choosing the safest cryptocurrency wallets

I have suggestions depending on its use, as a market observer or more or less a trader, I will save cryptocurrency on the exchange platform. Because of the ease of management. from what I see because you look from a security point of view and avoid hacking it would be better to use hardware wallets such as ledger and trezor.

hakertajniak

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If you want some help in choosing wallet, you have to know what will you do with the wallet.
For trading, you should using exchange wallet because you can cut the cost of transfer fee between your wallet to the exchange.
For holding, you should using offline wallet or cold wallet, so your wallet will be safer for holding in long time.

pandanaran

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I personally think the safest wallet is a hardware wallet, you can store large amounts of assets in a hardware wallet. there are other options such as the Trustwallet mobile wallet and the Myetherwallet online wallet. You can choose your own. depending on your taste.

isaac_clarke22

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Quote from: tabas on October 08, 2020, 11:56:37 AM

Quote from: lifeOK on October 08, 2020, 08:48:45 AM

~

Coinbase is a known exchange but using it as a wallet which you'll be holding your assets, I don't think it's appropriate for that use.
I'll trust using Electrum than it for that purpose.

Or a single Ledger Nano S if one has a spare money to buy one.
I've seen some people holding their coins in certain exchange just because of earning a one-digit percentage of APY, while risking their security from it.
Even if it is popular exchange, you can't say that it is also popular for its security. Community support =/= Security.

tabas

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Quote from: lifeOK on October 08, 2020, 08:48:45 AM

I use coinbase and I find it very convenient. One of the only wallet and exchanges I trust. Coinbase is the second biggest exchange in the crypto space, if you use Coinbase Pro then fee is very low. Coinbase is going to be the no 1 crypto trading platform where you put your trust.

Coinbase is a known exchange but using it as a wallet which you'll be holding your assets, I don't think it's appropriate for that use.
I'll trust using Electrum than it for that purpose.

ARTCOINSLV

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Hi all.
Can anyone advise an secure eos wallet for winows xp ?
I am still on the old system.
Free wallets are not safe, i am ready to pay. Grin

Deeshawn

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Keeping asset offline is the best as you are the only one who have access to your wallet, I always make use of trust wallet and imtoken, both works well, fast and also easy to understand.

lifeOK

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I use coinbase and I find it very convenient. One of the only wallet and exchanges I trust. Coinbase is the second biggest exchange in the crypto space, if you use Coinbase Pro then fee is very low. Coinbase is going to be the no 1 crypto trading platform where you put your trust.

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