Topic: Store my Crypto what is best? (Read 322 times)

Why you keep spamming here and shilling that wallet when people discuss here about keeping really safety their funds?

Just ask yourself: would you keep a couple thousand of dollars worth of crypto on those wallets, or would you get hardware wallet or set up cold storage?

Maybe OP won't invest that much, but what if his investment grows that big in a couple of years and when he wants to spend he will notice that his funds are gone because he got malware on his computer or smartphone?

Just search it out and you'll see lists like this.

--> https://makeanapplike.com/best-multi-cryptocurrency-coin-wallets-android-ios/

And from that list, you have to choose which you think suits you as a bounty hunter. But usually, the bounties are erc20 tokens, bep20/bsc right?

So choose the wallet that are supporting those or else just use the common wallets like metamask which is supporting both networks.

You can use Trust Wallet to store Bitcoin, Doge Coin, Shiba Inu, Eth, Safuu, Baby Doge Coin etc. You can also use My Ether Wallet or Metamask Wallet.

You want to save crypto, of course I suggest you use hardware wallet. If you store it in a hardware wallet, it will be very safe and you will have no worries. If you want to use software wallet, you can choose Electrum wallet but the best choice would be to use hardware wallet like laser wallet. I know you will be the best of these.

Well, I don't know what your purchasing power is, but I always recommend using a hardware wallet, for example, Ledger or Trezor.
The Electrum wallet is also a good alternative if you are unable to acquire a hardware wallet.

An interesting point that I would like to share, is the use of 2fa, nowadays it is crucial to use this tool, I know it's not something EXTREMELY useful, but it can increase your security.
An interesting example is the use of the 2FA YUBICO YubiKey (the price is around $25 USD ~ $80 USD)

If you want to use software wallets then you may choose electrum wallet which is open source based. But the best choice will be using a hardware wallet like ledger wallet. And you should not store your funds in exchange wallets. Because they aren't actually yours as you have no private keys of your funds.

Can Trust Wallet be used as an alternative?
Are my assets safe in Trust wallet?
I always use Trust wallet. What do you think about this Trust wallet?

Everything we see on the internet is not right and the videos you might be seeing uploaded back in the past but now as said by @Pmalek there are lot of bugs in the X model that could lead to some more issues and you should visit the thread mentioned to have the full exposure about it.Many users are facing the battery malfunction in this model so avoid using it.

Not recommended to use this multi chain decentralised wallet to store your coins safely because it is mostly for swap and DeFi purposes but hardware wallets are best to use in @OP case.

All secure elements are closed-source even in open-source hardware wallets. There is no such thing as an open-source, no NDA-having secure element. Not yet at least.

Not impossible, but harder. The passphrase mitigates the non-fixable hardware vulnerability that Trezor has, but the chosen passphrase has to be complex enough. Using "duck" as your passphrase is easily bruteforceable in contrast to a set of 6-8 English words, for example.   

OPs question was which one is the best. A mobile wallet installed on a device that is constantly online and uses all kinds of weird software and games that people download and install these days certainly doesn't fall in that category of one of the best options. Trust Wallet might work OK for you, but it remains a closed-source multi-currency wallet.

It's almost impossible to create a properly airgapped mobile phone. That entails removing all hardware that can establish a connection to the Internet. Mobile phones come with all kinds of antennas and you won't succeed in removing them without breaking the device.

The new models of the Nano X are terrible and shouldn't be purchased. In the first couple of years, its production was much better than what we see today.

I suggest you visit the hardware wallet section of Bitcointalk and look through the threads created there. Pay attention to how many problems there are with Ledger's Nano X device. If I wanted a new HW tomorrow, it would not be the Nano X.

For long term holding, using a mobile wallet is not recommended. As the OP mentioned, he/she wants to keep for long term. Even if you use it every day, you have to be careful when you store it in an online wallet. There are some of my friends who lost their assets due to malware and viruses on their mobile or laptop, this is why if you want and don't want to buy a hardware wallet for now because some reason, at least keep it in an offline or one that you don't use for trading activities every day like when you use Trust Wallet or similar wallet.

Go with Nano X if you can afford it, I'm a newbie and I prefer using mobile wallet like trust wallet for now, im also hoping I can get a Nano x someday but not any time sooner, you made the right choice.

Thank you everyone for help me and suggested me, All of your suggestions and personally my research to find some hardware wallet I have discussed i will buy Ledger Nano X hardware wallet. I show some videos in YouTube about Ledger Nano X. I think it’s perfect for me, and it is easy to use. Thank you everyone.

I'm not sure that Electrum wallet supports Shiba and other tokens but this is the best wallet for BTC if you can't afford any hardware wallet, I do wish that Electrum wallet brings a multi chain open source wallet to all crypto adopters some day because currently there is none, all multi chain wallets are closed source.

Electrum is open source wallet, having several features like address freeze, coin control (able to spend certain inputs of your choice), multisig, change address etc, but according to OP, he wants to hold for long term, even if want to use Electrum to hold bitcoin, using an online wallet for it is not advisable at all, he can make use of Electrum cold storage, but if he wants to hold some altcoins too which should be a good reason to go for a reputed hardware wallet.

rightful suggestions has been given to you from the above opinion, i understand that saving your currency within the angle or domain of blockchain is not encouraging, because i think it can be easily be review or seen, so giving you my suggestion in the respect of the wallet that can withhold your coin for long period, i recommend electrum wallet as slightly best wallet.

Good decision of not keeping it on Binance, it's never been advisable to store your crypto there if you're planning 2-5 years of not spending it.

You know what you're doing OP and you're aware that hardware wallets are a good option to store for that long.

A ledger wallet is also what I've got but not an X version. It's known for having a lot of bugs but I don't know if they get to fix most of those bugs that has been existing on that version.

I tend to agree, you can have a secure wallet through an air-gapped wallet using your mobile device and never connect to the internet.
Another one is Electrum wallet, but I suggest using a PC version app because it is safe than the mobile app.  There are too many wallets that are safe if you can't buy a hardware wallet in your local store or if it's illegal in your place but study it first on how to store safely and how to keep your private key safe and never disclose to anyone.

But anyway, does OP wants to keep his token for the long term?  Is that right what I've read?
That's not good because a token is very risky to hold for a long term, just Bitcoin for a long term holding.

Why? I mean why someone can't buy where crypto isn't legal yet. I guess there should be no problem. & there are at least a few hardware wallets which can work with mobile device. You don’t need desktop. You can sign in & release tx from the help of your mobile device as well.

You make a good decision when you're planning not to store your crypto for years on exchange but you also need to educate yourself with the Do's and Dont's if you're going to save the crypto on a noncustodial wallet since you're newbies.
I will recommend you use a hardware wallet but make sure you buy it from an official vendor

I seriously doubt that, or to be more precise I hope it's not true.


Having a mobile phone wallet as your main one where you store majority (or all) of your crypto is a very bad idea and I wouldn't suggest it to anyone. Personally, for me mobile phone wallet only serves as a sort of hot wallet where I have no more than few hundreds of dollars worth of crypto at any given time.

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

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.

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.

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.

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.

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.

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

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.

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?

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.