Store my Crypto what is best? - page 2.

Dunamisx

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Quote from: RashidulIR on April 09, 2022, 09:43:29 AM

Hi, I am new in Crypto I bought some crypto like Bitcoin, Doge, Shib and Eth hold for 2-5 years so now my question is where I store those token, I have Binance account but I don’t want to store my crypto in exchange so can I store in Software wallet or hardware wallet, I think hardware wallet is best because it’s store my token offline right?

Suggest me. I know something bot not everything.

Hardware wallet is often than not advisable for use especially when you need to hodl your coins, why is because you have control over your coins with the keys in your hands while the risk associated with using it is lesser than hot wallets closed source which are liable for an attack than cold storage, i have some of the well reputable wallets i will advise you to go for:
Metamask
Ledger Nano X
Electrum

DVlog

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Quote from: DeathAngel on April 09, 2022, 03:37:01 PM

Hardware wallets are a good option (Trezor or Ledger). Bitcoin QT is a good option to store your bitcoin, you can encrypt your wallet. Paper wallets are good too, there are positive & negative aspects to all options I described. DYOR & decide what works best for you. The main thing is do not leave crypto on exchanges for too oong, do not store crypto on any online wallet where you are not the sole private key owner.

A hardware wallet is the best option but you can not buy it from a place where crypto is not legal yet. Also, it requires a desktop device to operate and most users use mobile phones to manage their crypto wallets. So it will be better to suggest a wallet that is available on mobile phones also trustworthy. I am using trust wallet since its creation time and I can say it's one of the best multi-wallet for mobile users.

DeathAngel

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Hardware wallets are a good option (Trezor or Ledger). Bitcoin QT is a good option to store your bitcoin, you can encrypt your wallet. Paper wallets are good too, there are positive & negative aspects to all options I described. DYOR & decide what works best for you. The main thing is do not leave crypto on exchanges for too oong, do not store crypto on any online wallet where you are not the sole private key owner.

RapTarX

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First of all, never use an exchange for holding coins long time. Otherwise, you wilk regret in future. There can be a lot of changes in the exchange rules/policy, they may shut down etc.
I would strongly recommend you to use a hardware wallet. These days, it's easier to get one & use. You will have the full control over your fund along with maximum safety.

Cookdata

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Quote from: RashidulIR on April 09, 2022, 10:10:57 AM

Ok so please suggest me good one, I will buy it, If you have references. Thank you 🙏

Suggestions have been made for you on his first reply or better still click this [UP]
Make sure it is a hardware wallet, open-source and properly back up your seed phrase, you can also add a passphrase for additional security so that even if someone tries to get into your wallet with just a seed phrase, they wouldn't see anything but don't just depends on that, make sure seed phrase is properly secured in a safe place from where anyone cannot have access.

Charles-Tim

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Quote from: RashidulIR on April 09, 2022, 10:10:57 AM

Ok so please suggest me good one, I will buy it, If you have references. Thank you

For more coin support, Trezor Model T is not bad at all except that it does not have a secure element which make a physical attack that can reveal its seed phrase possible, but the use of passphrase while generating the keys and addresses on the wallet will make this attack impossible because as passphrase is added, new keys and addresses are generated which is different from if only seed phrase is used to generate the keys and addresses. But it is very important to note that if passphrase is used, both seed phrase and the passphrase would be required for wallet recovery. So you will have to protect your passphrase seperately backup just like your seed phrase in different locations.

RashidulIR

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Quote from: Charles-Tim on April 09, 2022, 10:08:26 AM

Quote from: RashidulIR on April 09, 2022, 10:06:07 AM

Sir, I went to buy SafePal hardware wallet is it good or bad? My friend suggested me SafePal but I don’t know it’s good or bad do you use SafePal hardware wallet?

Safepal is close source. Its secure element is close source, its software is close source, you can not use it with other wallet like Electrum which is open source. Incan not recommend this kind of wallet.

Ok so please suggest me good one, I will buy it, If you have references. Thank you 🙏

Charles-Tim

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Quote from: RashidulIR on April 09, 2022, 10:06:07 AM

Sir, I went to buy SafePal hardware wallet is it good or bad? My friend suggested me SafePal but I don’t know it’s good or bad do you use SafePal hardware wallet?

Safepal is close source. Its secure element is close source, its software is close source, you can not use it with other wallet software like Electrum which is open source. Only on mobile, no desktop app available. I can not recommend this kind of wallet. I do not think the wallet still support multisig and many other features that would have been possible if it can be used with wallets like Electrum, but limited to only its own close source mobile app software.

RashidulIR

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Trident Protocol | Simple «buy-hold-earn» system!

Quote from: Charles-Tim on April 09, 2022, 10:01:10 AM

Lists of Open Source Hardware Wallets

Learning more about wallet
[General] Bitcoin Wallets - Which, what, why?

One of the best is to go for open source hardware wallet like Trezor, or go for open source ones that are airgapped like Keystone or Passport hardware wallets.

It also depends on the technical knowledge you know about wallets. Some bitcoin enthusiasts prefer wallet on airgapped devices, just like Electrum cold storage.

Sir, I went to buy SafePal hardware wallet is it good or bad? My friend suggested me SafePal but I don’t know it’s good or bad do you use SafePal hardware wallet?

Charles-Tim

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Activity: 1512

Merit: 4795

Leading Crypto Sports Betting & Casino Platform

Lists of Open Source Hardware Wallets

Learning more about wallet
[General] Bitcoin Wallets - Which, what, why?

One of the best is to go for open source hardware wallet like Trezor, or go for open source ones that are airgapped like Keystone or Passport hardware wallets.

I have before preferred BitBox02 which is also supporting many cryptocurrencies, it is open source and also have secure element but it is supporting AOPP which is against privacy. Trezor did that IIRC but later they removed it as Trezor users have negative reaction about it.

It also depends on the technical knowledge you know about wallets. Some bitcoin enthusiasts prefer wallet on airgapped devices, just like Electrum cold storage.

RashidulIR

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Trident Protocol | Simple «buy-hold-earn» system!

Hi, I am new in Crypto I bought some crypto like Bitcoin, Doge, Shib and Eth hold for 2-5 years so now my question is where I store those token, I have Binance account but I don’t want to store my crypto in exchange so can I store in Software wallet or hardware wallet, I think hardware wallet is best because it’s store my token offline right?

Suggest me. I know something bot not everything.

Topic: Store my Crypto what is best? - page 2. (Read 322 times)