I am a supporter of the idea that it is never too late to start. It is important to be sure that you are ready to work and that you can get results. That's part of the success, in my opinion.
And I agree with you, bitcoin still holds a lot of potential for massive growth, maybe not the same kind of potential we saw at its early stages when it grew from being worth a few cents to tens of thousands of dollars, but it can still grow massively, if my 150k new ATH prediction holds true then bitcoin can grow up to 400% during the next years, there are not many investment options out there which can give you those kind of profits and as such anyone which is on the fence needs to act now as the time they have to accumulate bitcoin for the next bull run is running out. 
Topic: Starting now. (Read 508 times)
I had a different thread on how to start on Bitcoin and had so many useful and helpful knowledge given to me at that thread. I just wanna say thanks to all those who replied to my post. And also, yes, I will be starting to do trading on cryptocurrencies. With that being said, I also want to take this opportunity to ask, what would be the best cryptowallet to use at this time?
Staying safe is the most important thing in this crypto currency nowadays. Hardware wallets are the most essential and important to stay secure. Whenever you use hardware wallet you will have no chance of hacking this wallet. Sometimes it is heard that many people's wallets have been hacked. And they find it too risky to survive here later. That's why it's most important for all of us who work here and earn money to use a hardware wallet.
Well it's true that even if you have your funds stored in a hardware wallet, you can still be targeted by phishing scams and malwares that steal information from systems. So it is always important to stay vigilant and avoid clicking unnecessary links or opening spam emails sent from unknown users. I know that the scammers are also becoming smart day by day, but we need to take precautions from our side.
I've seen a lot of people becoming victims of phishing scams and they were not even newbies but those who have been in the industry for quite a long time, it's only because the scammers use different methods and sometimes you just fall in their trap.
When it comes to our money there is not such a thing as too much caution, we need to always be on our guard as scammers are always devising new strategist they can use to try to deceive us and get to our coins, so once in a while we need to make an investigation about the new kind of scams which are now being used by them so in the case we find ourselves being subjected to them we are able to avoid it and we do not lose our coins in this way.I've seen a lot of people becoming victims of phishing scams and they were not even newbies but those who have been in the industry for quite a long time, it's only because the scammers use different methods and sometimes you just fall in their trap.
This is why we need to be super careful because we would need to end up with something much bigger and troublesome in the end. If we are not careful, we will have nothing left and all of our money would be gone. So many people who fell for these type of traps and I hope that they end up being better and doing better because it is something that is a must and not a small deal.
Here are some popular wallet options to consider:
Hardware wallets: These are physical devices that store your cryptocurrency offline and offer the highest level of security. Popular hardware wallet brands include Ledger and Trezor.
Software wallets: These are digital wallets that can be downloaded and installed on your computer or mobile device. Examples include Electrum, Exodus, and MyEtherWallet.
Mobile wallets: These are software wallets specifically designed for use on mobile devices. Examples include Mycelium, Edge, and Trust Wallet.
Web wallets: These are online wallets that can be accessed through a web browser. Examples include Coinbase, Binance, and Blockchain.info.
It's important to do your own research and choose a wallet that has a good reputation for security and user-friendliness
Hardware wallets: These are physical devices that store your cryptocurrency offline and offer the highest level of security. Popular hardware wallet brands include Ledger and Trezor.
Software wallets: These are digital wallets that can be downloaded and installed on your computer or mobile device. Examples include Electrum, Exodus, and MyEtherWallet.
Mobile wallets: These are software wallets specifically designed for use on mobile devices. Examples include Mycelium, Edge, and Trust Wallet.
Web wallets: These are online wallets that can be accessed through a web browser. Examples include Coinbase, Binance, and Blockchain.info.
It's important to do your own research and choose a wallet that has a good reputation for security and user-friendliness
Well it's true that even if you have your funds stored in a hardware wallet, you can still be targeted by phishing scams and malwares that steal information from systems. So it is always important to stay vigilant and avoid clicking unnecessary links or opening spam emails sent from unknown users. I know that the scammers are also becoming smart day by day, but we need to take precautions from our side.
I've seen a lot of people becoming victims of phishing scams and they were not even newbies but those who have been in the industry for quite a long time, it's only because the scammers use different methods and sometimes you just fall in their trap.
When it comes to our money there is not such a thing as too much caution, we need to always be on our guard as scammers are always devising new strategist they can use to try to deceive us and get to our coins, so once in a while we need to make an investigation about the new kind of scams which are now being used by them so in the case we find ourselves being subjected to them we are able to avoid it and we do not lose our coins in this way. I've seen a lot of people becoming victims of phishing scams and they were not even newbies but those who have been in the industry for quite a long time, it's only because the scammers use different methods and sometimes you just fall in their trap.
I had a different thread on how to start on Bitcoin and had so many useful and helpful knowledge given to me at that thread. I just wanna say thanks to all those who replied to my post. And also, yes, I will be starting to do trading on cryptocurrencies. With that being said, I also want to take this opportunity to ask, what would be the best cryptowallet to use at this time?
In this aspect I think I will like to recommend electrum wallet for anything you are doing that requires security purposes, but at this point you will study of bitcoin so that you will have more knowledge of bitcoin before starting any Trading or any cryptocurrency transactions, some of the responses of users might not give you accurate feedback or answer but your personal research will give you more insights to know of bitcoin. Staying safe is the most important thing in this crypto currency nowadays. Hardware wallets are the most essential and important to stay secure. Whenever you use hardware wallet you will have no chance of hacking this wallet. Sometimes it is heard that many people's wallets have been hacked. And they find it too risky to survive here later. That's why it's most important for all of us who work here and earn money to use a hardware wallet.
However, despite of acquiring those hardware wallets, we still not be confident enough that we are totally safe. We have to consider the vulnerability to the hacking issue that usually happens to many holders as they are targetting wallet address that contains a huge amount of Bitcoin. As suggested by most, we never keep our funds in a single wallet but rather spread them to different addresses. And most of all, must keep them private and skip those links/emails that we never know where they come from.I've seen a lot of people becoming victims of phishing scams and they were not even newbies but those who have been in the industry for quite a long time, it's only because the scammers use different methods and sometimes you just fall in their trap.
I agree that no matter how good a wallet we use and everything is open to hackers, it is a good decision to keep private information private without sharing it with anyone. By doing this bitcoin will be safe and no one can take access to the wallet disclosure of information may also increase security risks, as there is a possibility of disclosure of transactional information in digital transactions. That's why you should proceed with caution of your wallet.
I had a different thread on how to start on Bitcoin and had so many useful and helpful knowledge given to me at that thread. I just wanna say thanks to all those who replied to my post. And also, yes, I will be starting to do trading on cryptocurrencies. With that being said, I also want to take this opportunity to ask, what would be the best cryptowallet to use at this time?
Staying safe is the most important thing in this crypto currency nowadays. Hardware wallets are the most essential and important to stay secure. Whenever you use hardware wallet you will have no chance of hacking this wallet. Sometimes it is heard that many people's wallets have been hacked. And they find it too risky to survive here later. That's why it's most important for all of us who work here and earn money to use a hardware wallet.I had a different thread on how to start on Bitcoin and had so many useful and helpful knowledge given to me at that thread. I just wanna say thanks to all those who replied to my post. And also, yes, I will be starting to do trading on cryptocurrencies. With that being said, I also want to take this opportunity to ask, what would be the best cryptowallet to use at this time?
Staying safe is the most important thing in this crypto currency nowadays. Hardware wallets are the most essential and important to stay secure. Whenever you use hardware wallet you will have no chance of hacking this wallet. Sometimes it is heard that many people's wallets have been hacked. And they find it too risky to survive here later. That's why it's most important for all of us who work here and earn money to use a hardware wallet.
I had a different thread on how to start on Bitcoin and had so many useful and helpful knowledge given to me at that thread. I just wanna say thanks to all those who replied to my post. And also, yes, I will be starting to do trading on cryptocurrencies. With that being said, I also want to take this opportunity to ask, what would be the best cryptowallet to use at this time?
Staying safe is the most important thing in this crypto currency nowadays. Hardware wallets are the most essential and important to stay secure. Whenever you use hardware wallet you will have no chance of hacking this wallet. Sometimes it is heard that many people's wallets have been hacked. And they find it too risky to survive here later. That's why it's most important for all of us who work here and earn money to use a hardware wallet.I had a different thread on how to start on Bitcoin and had so many useful and helpful knowledge given to me at that thread. I just wanna say thanks to all those who replied to my post. And also, yes, I will be starting to do trading on cryptocurrencies. With that being said, I also want to take this opportunity to ask, what would be the best cryptowallet to use at this time?
Staying safe is the most important thing in this crypto currency nowadays. Hardware wallets are the most essential and important to stay secure. Whenever you use hardware wallet you will have no chance of hacking this wallet. Sometimes it is heard that many people's wallets have been hacked. And they find it too risky to survive here later. That's why it's most important for all of us who work here and earn money to use a hardware wallet.
I had a different thread on how to start on Bitcoin and had so many useful and helpful knowledge given to me at that thread. I just wanna say thanks to all those who replied to my post. And also, yes, I will be starting to do trading on cryptocurrencies. With that being said, I also want to take this opportunity to ask, what would be the best cryptowallet to use at this time?
Staying safe is the most important thing in this crypto currency nowadays. Hardware wallets are the most essential and important to stay secure. Whenever you use hardware wallet you will have no chance of hacking this wallet. Sometimes it is heard that many people's wallets have been hacked. And they find it too risky to survive here later. That's why it's most important for all of us who work here and earn money to use a hardware wallet. 
I had a different thread on how to start on Bitcoin and had so many useful and helpful knowledge given to me at that thread. I just wanna say thanks to all those who replied to my post. And also, yes, I will be starting to do trading on cryptocurrencies. With that being said, I also want to take this opportunity to ask, what would be the best cryptowallet to use at this time?
I hope with the helpful responses, you should start with little you can afford to lose, I'm not trying to undermine your effort or what you can do at the end of the day or trading journey, I'm just trying to caution you to be responsible because advice are personal and people will give you their opinions and not all works at the end of the day, learn the ones you think are better enough to your satisfaction and decide with small capital and if in the long run it favours you, then you can magnify your capital and I hope one day you will also advice new traders like the way you needed help today, good luck in your trading journey.
Just to add, Some ppl can't afford to buy a trezor since their investment in crypto itself is much smaller than the cost of trezor. You should recommend other security tips like using paper wallets, never save your seeds online, etc. And once their investment gets larger over time, they can switch to a hardware wallet.
P.S.: I hardly use a hardware wallet for myself, but Im still safe coz I know what precautions to take
P.S.: I hardly use a hardware wallet for myself, but Im still safe coz I know what precautions to take
I researched some hardware wallet that might be useful for more security for investing in crypto. But I might try to wallet apps first, since I still don't have much that money on me right now to invest in hardware wallet, as much as I would like to buy one right now.
If you plan to trade regularly, keep your working capital in exchange wallets (custodial). And when you’ve earned enough and are about to withdraw the accumulated coins, then withdraw them to a non-custodial wallet, such as Coinomi, Exodus, MetaMask, MyEtherWallet, Polyx Crypto Wallet, Trust Wallet.
I had a different thread on how to start on Bitcoin and had so many useful and helpful knowledge given to me at that thread. I just wanna say thanks to all those who replied to my post. And also, yes, I will be starting to do trading on cryptocurrencies. With that being said, I also want to take this opportunity to ask, what would be the best cryptowallet to use at this time?
In this type of particular situation where a person is just getting started, people usually prefer a centralized trading platform that provides a variety of facilities to the newbies such as P2P trading, Direct crypto buying using local money, Basic trading view, and Pro trading view, easy swaps, and profile-based wallet address for all those listed projects on that particular platform.
On the other hand in decentralized wallets, you need to pay extra fees and also need to manage all of your requirements and funds on your own. I decentralized wallets Hot wallets are particularly used for trading purposes. You can use Trust wallet, Meta Mask and Electrum as well for trading purposes and temporary hold of your funds.
There are pros and cons in both;
- Centralized wallets/platforms provide facilities but in Decentralized wallets and platforms you need to do all on your own
- Centralized wallets are more likely easy to handle and use but in a Decentralized wallet you need to be careful because you are responsible for security
- Decentralized wallets and platforms provide self-custody of funds, centralized wallets (remember not your key, not your funds) do not provide self-custody
- Decentralized wallets/platforms give priority to your privacy but centralized platforms invade your privacy and control all of your activity at their own
- Much more you can learn by searching Decentralized vs Centralized and you'll know whatever you need but for a complete beginner as your intention is just trading I will prefer Centralized exchanges because from there you can learn and when you got experience and enough funds then you can switch to decentralization but prefer most reputed platforms in both categories.
I had a different thread on how to start on Bitcoin and had so many useful and helpful knowledge given to me at that thread. I just wanna say thanks to all those who replied to my post. And also, yes, I will be starting to do trading on cryptocurrencies. With that being said, I also want to take this opportunity to ask, what would be the best cryptowallet to use at this time?
For non custodial wallet for Bitcoin: ElectrumFor long term holding: Ledge or Trezor
For Multi-coins/token: Trustwallet or Metamask
Just remember on not to store up huge amounts of coins/tokens on an exchange wallet.Its never been ideal on doing so
considering that it is really that prone to some possible issues or events which would cause on losing
up your money.
however if you are willing to put the effort a regular wallet can be made to be incredibly secure, if you take the right steps.
Sometimes it is not what you use, but how you use what you have it that matters. Even people who can afford to have a hardware wallet are not still safe should they decide to become careless thinking that buying a hardware wallet is the final security one can have for their cryptocurrency. A person who uses an electrum wallet can be safer than someone using a hardware wallet. For security, consider developing a consciousness for security first before consideration of a wallet to complement it.If you use it like you should be using it then it would work and it would be a good thing but if you use it unlike how you should then it would be a trouble for you. This is even more true if you do not have a hardware wallet and store it somewhere that is not entirely safe.
however if you are willing to put the effort a regular wallet can be made to be incredibly secure, if you take the right steps.
Sometimes it is not what you use, but how you use what you have it that matters. Even people who can afford to have a hardware wallet are not still safe should they decide to become careless thinking that buying a hardware wallet is the final security one can have for their cryptocurrency. A person who uses an electrum wallet can be safer than someone using a hardware wallet. For security, consider developing a consciousness for security first before consideration of a wallet to complement it. Just to add, Some ppl can't afford to buy a trezor since their investment in crypto itself is much smaller than the cost of trezor. You should recommend other security tips like using paper wallets, never save your seeds online, etc. And once their investment gets larger over time, they can switch to a hardware wallet.
P.S.: I hardly use a hardware wallet for myself, but Im still safe coz I know what precautions to take
P.S.: I hardly use a hardware wallet for myself, but Im still safe coz I know what precautions to take
I researched some hardware wallet that might be useful for more security for investing in crypto. But I might try to wallet apps first, since I still don't have much that money on me right now to invest in hardware wallet, as much as I would like to buy one right now.
Trezor would be the best investment you could ever make.
Just to add, Some ppl can't afford to buy a trezor since their investment in crypto itself is much smaller than the cost of trezor. You should recommend other security tips like using paper wallets, never save your seeds online, etc. And once their investment gets larger over time, they can switch to a hardware wallet. P.S.: I hardly use a hardware wallet for myself, but Im still safe coz I know what precautions to take
I researched some hardware wallet that might be useful for more security for investing in crypto. But I might try to wallet apps first, since I still don't have much that money on me right now to invest in hardware wallet, as much as I would like to buy one right now.
It is better to use a hardware wallet to hold the crypto. I am using a safepal hardware wallet. When it comes to a trust wallet, there may have a possibility of getting hacked. They have only 12 phrases in the seed phrase. Also, there are a lot of other options like cold wallets and hot wallets.
I am thinking of buying safepal as of now, when I searched and compare the prices between safepal and trezor, I would go to safepal. But when it comes to security, I would go to Trezor, as my friend suggested as well. We'll never know. Maybe in the next few months I am gonna be able to buy hardware wallet. But again, as of now, I am just gonna be using crypto wallet app for now.
I had a different thread on how to start on Bitcoin and had so many useful and helpful knowledge given to me at that thread. I just wanna say thanks to all those who replied to my post. And also, yes, I will be starting to do trading on cryptocurrencies. With that being said, I also want to take this opportunity to ask, what would be the best cryptowallet to use at this time?
It is better to use a hardware wallet to hold the crypto. I am using a safepal hardware wallet. When it comes to a trust wallet, there may have a possibility of getting hacked. They have only 12 phrases in the seed phrase. Also, there are a lot of other options like cold wallets and hot wallets.
Trezor would be the best investment you could ever make.
Just to add, Some ppl can't afford to buy a trezor since their investment in crypto itself is much smaller than the cost of trezor. You should recommend other security tips like using paper wallets, never save your seeds online, etc. And once their investment gets larger over time, they can switch to a hardware wallet. P.S.: I hardly use a hardware wallet for myself, but Im still safe coz I know what precautions to take
There will be a time you will get lazy about going back and forth from the trading platform to the wallet. I recommend having a habit to do it, that way it will be added to your own system if withdrawals are needed to happen.
Trezor would be the best investment you could ever make. It's not like there's an expiry for it or if they close down all your coins will be gone. They can still be accessed as long as you have your 24-word recovery phrase.
An investment for better security which all crypto users are dreaming of as we are always prone to attacks being online.
Trezor would be the best investment you could ever make. It's not like there's an expiry for it or if they close down all your coins will be gone. They can still be accessed as long as you have your 24-word recovery phrase.
An investment for better security which all crypto users are dreaming of as we are always prone to attacks being online.
I had a different thread on how to start on Bitcoin and had so many useful and helpful knowledge given to me at that thread. I just wanna say thanks to all those who replied to my post. And also, yes, I will be starting to do trading on cryptocurrencies. With that being said, I also want to take this opportunity to ask, what would be the best cryptowallet to use at this time?
Traders usually don't use exchange wallets to keep their funds and that is what you need as well. Many replies above mention hardware wallet and Electrum wallet, and many more. Perhaps you can choose from those wallets but I suggest you not keep all of your funds in a single wallet for some security reasons. I don't say that they are totally safe but at least they are safer than using an exchange wallet because you have full control of it. Well, the only I can say to you is that good luck in your trading journey. And please keep in mind that not only do you have the keys/passwords in your wallet, then you can say you are safe but can't underestimate hackers as they can send you links leading to such thing.
Trading is not as easy as it seems unless you are ready for the consequences ahead of you. From your post above, I don't think you are well experienced in cryptocurrency not to talk of involving yourself in crypto trading. You can not succeed in trading if you attach emotions and yes get ready to lose part or even all of your money in trading. Don't just jump into trading mate. Learn the basics and everything necessary first. Concerning the wallet, I can see a lot of recommendations in the thread already. You can choose wisely, good luck.
Every potential trader and investor is willing to go through great lengths to succeed in ensuring that they remain stable in the market. You are entirely correct that trading is complicated because it contains both risks, which can lead to either profits or losses. The best moment to learn about the market is right now since if one keeps putting it off, time will run out. There is a strong likelihood of gains a few years ago rather than now the more you wait and the more complicated the space appears to be. The only things needed to get started with cryptocurrency are the fundamentals and the type of wallet or exchange to utilize. Actually reading the link sent you by other users will make give you more insight of Trading, but as beginner who is inquisitive or interactive to know of Trading have to go into deep research of knowing the key points that will enhance a successful trading and other possible default that hinders trading by using YouTube tutorials videos and reading articles that's mainly concentrate on trading caution, and secondly you can be practicing trading with little amount fund's you can afford to lose to test run your ability in trading and it will enables you to detect errors and which will make you to know the possible way to Bypass them when you encounter it again. For the aspect of wallets to hold your bitcoin, I will recommend electrum.
I scan all the links given by other users and it was just a link to Electrum and other Bitcoin wallets because the OP is asking that thing too. So far there are no links given in regards to trading but maybe there are some helpful post here about it. Youtube can be a good platform to learn trading because the tutorials are mainly offered through videos.I don't know any "good crypto trading channels" but the OP can just search the same keyword in the search box of Youtube and he can go on the videos with a lot of views because that must be the easiest and most informative video. I think there is no need to remind them about using tiny funds because I am sure they already know it. No one wants to start with big amounts with limited knowledge on their head because that is too risky.
Many members have posted useful threads to help you decide what to get. I would add some ideas that I think haven't been posted yet.
I think you should have at least three wallets.
If you are a crypto enthusiast, having at least three for different reasons would be best. Mainly it will be about security, and you need to invest in a great hardware wallet. Using a suitable hot wallet in your country would be one of the best things to use.
I think you should have at least three wallets.
- Cold wallet - this will be your main reserve or HODL wallet
- Semi-cold wallet - Maybe use as a wallet to receive stuff that you put out to the world
- Hot wallet - your everyday spending wallet. Ideally, the one in your smartphone
If you are a crypto enthusiast, having at least three for different reasons would be best. Mainly it will be about security, and you need to invest in a great hardware wallet. Using a suitable hot wallet in your country would be one of the best things to use.
I had a different thread on how to start on Bitcoin and had so many useful and helpful knowledge given to me at that thread. I just wanna say thanks to all those who replied to my post. And also, yes, I will be starting to do trading on cryptocurrencies. With that being said, I also want to take this opportunity to ask, what would be the best cryptowallet to use at this time?
You are probably going to end up using the wallet of your favorite exchange as your main wallet if you become a trader, in theory traders should send their coins out of the exchange at the end of the day, but since they do not want to miss any potential movement of bitcoin they prefer to keep their coins at those exchanges as not only this saves time but it saves money on fees as well, unfortunately even if this seems like the right thing to do you will be risking your money if you do this, and if the exchange collapses your capital goes down with them, so if you are serious about the security of your coins then you will get a hardware wallet and deposit your coins there at the end of your session.I like what you said that it's good to use a hardware wallet if you have a profit in cryptocurrency that seems to be what you're trying to convey, right?
This is exactly what should be done, with every profit we get from doing crypto trading, it should be separated immediately and transferred to a safer container which is the Hardware wallet. Every time we save little by little, we don't realize that it is growing as days or months pass.
I had a different thread on how to start on Bitcoin and had so many useful and helpful knowledge given to me at that thread. I just wanna say thanks to all those who replied to my post. And also, yes, I will be starting to do trading on cryptocurrencies. With that being said, I also want to take this opportunity to ask, what would be the best cryptowallet to use at this time?
Trading is not as easy as it seems unless you are ready for the consequences ahead of you. From your post above, I don't think you are well experienced in cryptocurrency not to talk of involving yourself in crypto trading. You can not succeed in trading if you attach emotions and yes get ready to lose part or even all of your money in trading. Don't just jump into trading mate. Learn the basics and everything necessary first. Concerning the wallet, I can see a lot of recommendations in the thread already. You can choose wisely, good luck. I had a different thread on how to start on Bitcoin and had so many useful and helpful knowledge given to me at that thread. I just wanna say thanks to all those who replied to my post. And also, yes, I will be starting to do trading on cryptocurrencies. With that being said, I also want to take this opportunity to ask, what would be the best cryptowallet to use at this time?
Since you are looking for a good wallet to keep your money safe. I would say if you invest in crypto then definitely use if you lose otherwise definitely use software wallet. Using a software wallet for you will keep your money safe with no chance of being hacked.https://electrum.org/#download
https://cryptosec.info/wallets
https://bitcointalksearch.org/topic/general-bitcoin-wallets-which-what-why-1631151
https://bitcointalksearch.org/topic/guide-how-to-safely-download-and-verify-electrum-guide-5240594
I had a different thread on how to start on Bitcoin and had so many useful and helpful knowledge given to me at that thread. I just wanna say thanks to all those who replied to my post. And also, yes, I will be starting to do trading on cryptocurrencies. With that being said, I also want to take this opportunity to ask, what would be the best cryptowallet to use at this time?
I've been using Electrum for almost 5 years already and thanks to God nothing bad happens. Hardware wallet is the best for me and cold wallet is the second of the best. Always make sure your funds are safe and invest as well on best wallets as much as possible to avoid losing all of your funds. Also don't put all of your funds in just one wallet.
I also want to take this opportunity to ask, what would be the best cryptowallet to use at this time?
There are many online wallets available, which offers various features and tempting rewards. And I have seen most of the newbies join those, in the greed of exciting rewards and cashbacks, but remember one thing, online wallets are traps. You never completely own your wallet. If possible always go for cold wallets, Electreum will be best wallet, which is currently available in the market. If you want to invest more, you can also buy hardware wallet like Trezor, which will give you top most security to your coins. But these hardware wallets are generally expensive, so choose the wallet accordingly.
what would be the best cryptowallet to use at this time?
If you have enough assets to invest, then don't compromise on security. Just buy a good hardware wallet. That should keep you and your assets safe. But if you are unable to spend that money on hardware wallets, I think electrum would be a good option. I use it myself and haven't faced any problem till now. But can't say for sure if anything will happen in the future. DYOR on this and as I said before, the best option is hardware wallets.
Almost all of us asked this question in the early days, and the answer to this question varies every few years, so set certain criteria for the things you want in the wallet, and then you will get an easy answer to your question.
Closed source wallets are not good for those who want to keep Bitcoin for a long time or invest large amounts, but they contain many attractive options for those who want to trade with small amounts.
Open source wallets are good for long-term retention, but you first want to review the code yourself or trust someone who reviewed the code, but they are not good at dealing with modern variables, such as updating altcoins periodically and merging with new technology.
Hardware wallets are still an excellent option if you are willing to afford them and learn how to use them.
Closed source wallets are not good for those who want to keep Bitcoin for a long time or invest large amounts, but they contain many attractive options for those who want to trade with small amounts.
Open source wallets are good for long-term retention, but you first want to review the code yourself or trust someone who reviewed the code, but they are not good at dealing with modern variables, such as updating altcoins periodically and merging with new technology.
Hardware wallets are still an excellent option if you are willing to afford them and learn how to use them.
Actually reading the link sent you by other users will make give you more insight of Trading, but as beginner who is inquisitive or interactive to know of Trading have to go into deep research of knowing the key points that will enhance a successful trading and other possible default that hinders trading by using YouTube tutorials videos and reading articles that's mainly concentrate on trading caution, and secondly you can be practicing trading with little amount fund's you can afford to lose to test run your ability in trading and it will enables you to detect errors and which will make you to know the possible way to Bypass them when you encounter it again. For the aspect of wallets to hold your bitcoin, I will recommend electrum.
And also, yes, I will be starting to do trading on cryptocurrencies. With that being said, I also want to take this opportunity to ask, what would be the best cryptowallet to use at this time?
You want to trade and now, you are asking for the best cryptowallet?I mean you want to trade right? So isn't it that you will store your coins at an exchange like Binance because you want to trade? Your question isn't correlated at all because you are asking for a crypto wallet and yet, you also want to trade. Just store your coins in an exchange if you really want to trade.
Now to answer your question, many already said that having a hardware wallet would be the best choice, but if you can't afford to have one then I would suggest Electrum or something that you hold the private keys for it. Just don't store your wallet in a custodial wallet especially if you will be holding that coins for a long time.
I had a different thread on how to start on Bitcoin and had so many useful and helpful knowledge given to me at that thread. I just wanna say thanks to all those who replied to my post. And also, yes, I will be starting to do trading on cryptocurrencies. With that being said, I also want to take this opportunity to ask, what would be the best cryptowallet to use at this time?
If you are the type of person who always leaves and goes everywhere, the wallet I can advise you to use is Trustwallet, for me it is proven and tested and many people use it.
But if you're always at home, I think it's better to use the electrum wallet on your desktop or laptop. Or as most people say, Hardware wallet is recommendable to use if you have something to buy that can be ordered and bought on amazon and other online shops that are legit of course.
If you’re are looking into diversity, that is holding a lot of coins on different network then Trustwallet is okay. Tho most non custodial wallet are okay if you don’t give out your wallet phrase but if you want a very secure wallet, I agree that the hardware wallet is the best, like ledger.
I had a different thread on how to start on Bitcoin and had so many useful and helpful knowledge given to me at that thread. I just wanna say thanks to all those who replied to my post. And also, yes, I will be starting to do trading on cryptocurrencies. With that being said, I also want to take this opportunity to ask, what would be the best cryptowallet to use at this time?
I've been using Electrum for almost 5 years already and thanks to God nothing bad happens. Hardware wallet is the best for me and cold wallet is the second of the best. Always make sure your funds are safe and invest as well on best wallets as much as possible to avoid losing all of your funds. Also don't put all of your funds in just one wallet.
I also want to take this opportunity to ask, what would be the best cryptowallet to use at this time?
There are many good wallets in which you can store your coins, but before choosing, you should pay attention to the following:- Stay away from web wallets and centralized exchanges as they are the worst.
- Keep the seed or private key in a safe place and do not give it to anyone for any reason.
- Hardware wallets are the best but they are not free.
- There are wallets for bitcoin only, the best of them is Electrium, but if you want a multiple wallet for bitcoin and altcoin,
there is TrustWallet and AtomicWallet.
- Always make sure to download the original wallet file from the original website. And beware of phishing sites.
what would be the best cryptowallet to use at this time?
The best crypto wallet to use is the wallet that is non-custodial and open source wallet such as: - Electrum
- Mycelium
One thing you have to consider is to make sure that your device is not infected with "malware", because there's some cases of hacking cause by that. If "2fa" is available to a wallet, make sure to add it for more security.
Any wallet that's known and gives you the seed or private keys but with the easiest version of it, Electrum. This is only for bitcoin so if you're trading bitcoin/usd or bitcoin/usdt pair then Electrum is only for bitcoin so don't forget about that.
Usually traders are keeping their funds on exchanges and that's not recommended unless it's an amount that you afford to lose. If you happen to earn some bitcoins, don't be too lazy to withdraw it and transfer it to your chosen wallet like Electrum.
Also, there are multi-cryptocurrency wallets that you can also try like Exodus, Atomic, etc. they provide various supports for many cryptocurrencies.
Usually traders are keeping their funds on exchanges and that's not recommended unless it's an amount that you afford to lose. If you happen to earn some bitcoins, don't be too lazy to withdraw it and transfer it to your chosen wallet like Electrum.
Also, there are multi-cryptocurrency wallets that you can also try like Exodus, Atomic, etc. they provide various supports for many cryptocurrencies.
I had a different thread on how to start on Bitcoin and had so many useful and helpful knowledge given to me at that thread. I just wanna say thanks to all those who replied to my post. And also, yes, I will be starting to do trading on cryptocurrencies. With that being said, I also want to take this opportunity to ask, what would be the best cryptowallet to use at this time?
You are probably going to end up using the wallet of your favorite exchange as your main wallet if you become a trader, in theory traders should send their coins out of the exchange at the end of the day, but since they do not want to miss any potential movement of bitcoin they prefer to keep their coins at those exchanges as not only this saves time but it saves money on fees as well, unfortunately even if this seems like the right thing to do you will be risking your money if you do this, and if the exchange collapses your capital goes down with them, so if you are serious about the security of your coins then you will get a hardware wallet and deposit your coins there at the end of your session. I had a different thread on how to start on Bitcoin and had so many useful and helpful knowledge given to me at that thread. I just wanna say thanks to all those who replied to my post. And also, yes, I will be starting to do trading on cryptocurrencies. With that being said, I also want to take this opportunity to ask, what would be the best cryptowallet to use at this time?
If you are going to do crypto trading in this business field, I think the exchange site platform is fine, it just depends on you if you use a centralized or decentralized platform, where you feel comfortable doing your trading activity. But if you are a long term holder, and you can afford to buy a hardware wallet or Ledger nano is better. However, if you don't have a budget, you can also use the Electrum wallet for desktop or if you use a Cellphone, you can use Trustwallet and if you use Ethereum, you can use Metamask.It may not be that much cheaper for someone who lives in a poor nation and only has like 500 dollars saved, that may sound like a very little amount of money to you but there are people from Venezuela or Argentina who have an account here and having 500 dollars saved for them is a huge amount, if they somehow could get 10x return, which is not impossible in this market, 5000 dollars would mean they are basically very rich in their nation.
I am sure that an American would not care about that or even save that much during high school by working on McDonalds, but that is not how rest of the world feels.
There will be many choices about which wallet you use, but for me personally a hardware wallet is the top choice to use. Especially if your assets are large and intended to be held in the long term. I think you have to distinguish if you are a person who does a lot of transactions, I mean the hardware you use to hold long-term assets, and you can use a trust wallet or something else if you do a lot of transactions.
But the main thing is the hardware wallet that I recommend.
But the main thing is the hardware wallet that I recommend.
I had a different thread on how to start on Bitcoin and had so many useful and helpful knowledge given to me at that thread. I just wanna say thanks to all those who replied to my post. And also, yes, I will be starting to do trading on cryptocurrencies. With that being said, I also want to take this opportunity to ask, what would be the best cryptowallet to use at this time?
If you are the type of person who always leaves and goes everywhere, the wallet I can advise you to use is Trustwallet, for me it is proven and tested and many people use it.
But if you're always at home, I think it's better to use the electrum wallet on your desktop or laptop. Or as most people say, Hardware wallet is recommendable to use if you have something to buy that can be ordered and bought on amazon and other online shops that are legit of course.
I am not sure Trust wallet is a most common one but even so it is a close source wallet and it is owned by a centralized exchange Binance. They acquired Trust wallet three years ago.
You know, we already discussed why people have great trust in that wallet, and I concluded that it is because of the name. Believing in something just because it's called "trust" is quite naive, but it seems to be very important to most people, regardless of the closed source and the owner.
of all the crypto wallets that I use and know, maybe the choice is in trustwallet because it's easier and simpler and also supported by many types of coins and chains, making it easier for us to add tokens and coins directly.
I had a different thread on how to start on Bitcoin and had so many useful and helpful knowledge given to me at that thread. I just wanna say thanks to all those who replied to my post. And also, yes, I will be starting to do trading on cryptocurrencies. With that being said, I also want to take this opportunity to ask, what would be the best cryptowallet to use at this time?
If you are going to do crypto trading in this business field, I think the exchange site platform is fine, it just depends on you if you use a centralized or decentralized platform, where you feel comfortable doing your trading activity. But if you are a long term holder, and you can afford to buy a hardware wallet or Ledger nano is better. However, if you don't have a budget, you can also use the Electrum wallet for desktop or if you use a Cellphone, you can use Trustwallet and if you use Ethereum, you can use Metamask.
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If you want to trade, you don't need a crypto wallet to store your coins because you still need them to sell and buy. But when you want to save the profits you earn from trading, you can use one or several wallets such as Trust wallet, Blue wallet, or hardware wallets such as Ledger, Trezor or others. But many people will advise you to use hardware wallets to store your coins. Trading and investing or depositing coins are different and it is not recommended to store your coins on an exchange.
Now there will be more traders who attract their assets to their private wallets after completing trading. And deposit it again when they are going to trade. Of course, you know the reason.Hardware wallets such as Trezor will be further advised to be used to store assets after trading. Using a Trust wallet may also be done but still risky.
Safepal Wallet also has an alternative for hardware. So maybe it can be considered.
If you want to trade, you don't need a crypto wallet to store your coins because you still need them to sell and buy. But when you want to save the profits you earn from trading, you can use one or several wallets such as Trust wallet, Blue wallet, or hardware wallets such as Ledger, Trezor or others. But many people will advise you to use hardware wallets to store your coins. Trading and investing or depositing coins are different and it is not recommended to store your coins on an exchange.
You can sell on crypto wallets using DApp. Trust Wallet also has that feature and a lot of traders and hodlers have been utilizing that feature. You can sell any crypto into a stable coin and then rebuy whenever you feel like. The only nag there is the limited tokens one can have assess to because of difference in chains. With DApp you don't have to pass through the hassles of KYC which centralized exchanges demand. 
If you want to trade, you don't need a crypto wallet to store your coins because you still need them to sell and buy. But when you want to save the profits you earn from trading, you can use one or several wallets such as Trust wallet, Blue wallet, or hardware wallets such as Ledger, Trezor or others. But many people will advise you to use hardware wallets to store your coins. Trading and investing or depositing coins are different and it is not recommended to store your coins on an exchange.
You can sell on crypto wallets using DApp. Trust Wallet also has that feature and a lot of traders and hodlers have been utilizing that feature. You can sell any crypto into a stable coin and then rebuy whenever you feel like. The only nag there is the limited tokens one can have assess to because of difference in chains. With DApp you don't have to pass through the hassles of KYC which centralized exchanges demand. 
If you want to trade, you don't need a crypto wallet to store your coins because you still need them to sell and buy. But when you want to save the profits you earn from trading, you can use one or several wallets such as Trust wallet, Blue wallet, or hardware wallets such as Ledger, Trezor or others. But many people will advise you to use hardware wallets to store your coins. Trading and investing or depositing coins are different and it is not recommended to store your coins on an exchange.
Now there will be more traders who attract their assets to their private wallets after completing trading. And deposit it again when they are going to trade. Of course, you know the reason.
Hardware wallets such as Trezor will be further advised to be used to store assets after trading. Using a Trust wallet may also be done but still risky.
Safepal Wallet also has an alternative for hardware. So maybe it can be considered.
I will be starting to do trading on cryptocurrencies.
If you want to start trading, Choose a good platform where you can start trading. Don't get scammed in unnamed trading platforms if you are new in the crypto market. Do good research before you start trading. Make a good choice of coins.what would be the best crypto wallet to use at this time?
If you want a wallet just for trading purposes, You can use Trust wallet that supports varieties of coins and chains as well. Also, be aware of fake smart contract addresses. Also, You can try Atomic Wallet as well. Always use wallets that give you private keys or seed phrases. Not your keys, Not your coins. hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
If you want to trade, you don't need a crypto wallet to store your coins because you still need them to sell and buy. But when you want to save the profits you earn from trading, you can use one or several wallets such as Trust wallet, Blue wallet, or hardware wallets such as Ledger, Trezor or others. But many people will advise you to use hardware wallets to store your coins. Trading and investing or depositing coins are different and it is not recommended to store your coins on an exchange.
I will be starting to do trading on cryptocurrencies.
Did you mean trading or just converting fiat to coin? If it is the real trading, know that it is very risky. You have just started to know about cryptocurrencies, you have to take it slow and not rush. With that being said, I also want to take this opportunity to ask, what would be the best cryptowallet to use at this time?
You can play round with this: https://bitcoin.org/en/choose-your-walletFor bitcoin wallets you can choose Electrum which I can also recommend, but it is an online wallet, but going for its cold storage for better security, or you can buy a hardware wallet like Trezor instead.
Trust Wallet, the most common nowadays is widely used and also I use it to store my trading crypto assets. use is quite simple and for beginners, I'm sure there will be no disturbance. easy access from the most profitable smartphone.
He should know that Trustwallet is close source, but it support many currencies. I will rather prefer to go for an open source wallet which would make me to prefer hardware wallets like Trezor that is open source and yet support many cryptocurrencies. 
I had a different thread on how to start on Bitcoin and had so many useful and helpful knowledge given to me at that thread. I just wanna say thanks to all those who replied to my post. And also, yes, I will be starting to do trading on cryptocurrencies. With that being said, I also want to take this opportunity to ask, what would be the best cryptowallet to use at this time?
I would have asked you to go for Electrum but since you have already been given the link to a thread that contains different types of wallet then you can decide for your self but make sure whichever wallet you decide to go for, make sure it's an open source wallet don't go for a close source wallet no matter how cool it may look, remember you should not be considering the designs of the wallet UI but the security that it offers to your coins. With that's been said I wish you the best of luck in your trading journey.
Trust Wallet, the most common nowadays is widely used
I am not sure Trust wallet is a most common one but even so it is a close source wallet and it is owned by a centralized exchange Binance. They acquired Trust wallet three years ago.Use Electrum wallet is better than Trust wallet if you only need to store Bitcoin.
[Guide] How to download and verify Electrum wallet safely
Trust Wallet, the most common nowadays is widely used and also I use it to store my trading crypto assets. use is quite simple and for beginners, I'm sure there will be no disturbance. easy access from the most profitable smartphone.
but for long-term storage of Bitcoins, a hardware wallet would be preferable. Ledger will be suitable for you to use.
but for long-term storage of Bitcoins, a hardware wallet would be preferable. Ledger will be suitable for you to use.
If you want the best bitcoin wallet, this guide will help you ----> https://bitcoin.org/en/choose-your-wallet
But if you are looking for altcoins then buying a hardware wallet is the best option.
It is better to avoid using this wallet for large amounts, as it is closed source and linked in one way or another with Binance, and therefore there is a possibility that something will happen to it if Binance stops working.
Trust Wallet, the most common nowadays is widely used and also I use it to store my trading crypto assets. use is quite simple and for beginners, I'm sure there will be no disturbance. easy access from the most profitable smartphone.
but for long-term storage of Bitcoins, a hardware wallet would be preferable. Ledger will be suitable for you to use.
but for long-term storage of Bitcoins, a hardware wallet would be preferable. Ledger will be suitable for you to use.
Read and decide for yourself.
https://cryptosec.info/wallets
https://bitcointalksearch.org/topic/general-bitcoin-wallets-which-what-why-1631151
In summary: Ledger/Trezor hardware wallet for long-term holdings.
https://cryptosec.info/wallets
https://bitcointalksearch.org/topic/general-bitcoin-wallets-which-what-why-1631151
In summary: Ledger/Trezor hardware wallet for long-term holdings.
I had a different thread on how to start on Bitcoin and had so many useful and helpful knowledge given to me at that thread. I just wanna say thanks to all those who replied to my post. And also, yes, I will be starting to do trading on cryptocurrencies. With that being said, I also want to take this opportunity to ask, what would be the best cryptowallet to use at this time?
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