Topic: The best wallet for cryptocurrency storage (Read 612 times)
I've been using Myetherwallet since I started crypto and I haven't gottentl any problem ever since. The trick is simple just bookmark MEW website so that you won't get phished on phishing sites. I also try to store my coin on exchange were it is listed and no issue with that as well. The repoted issus on wallet were one to million so no need to be picky on were to store it.
I recommend using the Mycrypto wallet, if you include the tokens running on the ERC 20 platform, then use Mycrypto, which will give us certain security, I found them are quite safe compared to the wallet MEW. . It is commented and rated me after using these two wallet types.
Really haven't tried anything other than I'm token for my tokens and block chain wallet for my BTC and so far I have been satisfied with the services they have rendered so won't even wanna try anything else.
If we have large numbers and plan to save in the long run, storing crypto in an offline wallet like Ledger is the safest solution, but if we only keep it for a while then saving in online wallet is also good.
There are many web wallets of different companies. The best of them in my opinion are exodus, jaxx, coinomi, agama wallet. Each of these wallets has both strengths and weaknesses to choose each user himself, but everyone deserves attention. It is better to use everything because you should not keep all the coins in one wallet, it is very risky.
In General, how do you think it is better to store the already released cryptocurrency in which wallet? Not the drops to collect, I'm not talking about myetherwallet, namely hadith. It is desirable to have a multicurrency one. What is your experience?
Hardware wallet is more reliable from myetherwallet. https://play.google.com/store/apps/details?id=com.wallet.crypto.trustapp this is trustwallet if it's very new and paper wallet is another choice.
The most reliable way to store is to use hardware aochelles. Now their choice on the market is not great for $ 100 you can buy reliable.
Ledger Nano S wins by a big margin. They just made a deal with the IOTA as well and IOTA will be in ledger NANO S as well, which means they are up to something like 30 coins in ledger you can use and that is not even remotely challenged by any other wallet. It is definitely secure we know that and it is offline most of the time unless you dock it in and it provides you all the diversification option you want.
People needs to realize bitcoin is not the only coin or not even ethereum is enough, if you have ledger nano you can divide your investments to 10+ coins and even if one of the crashes there are still others. Ledger Nano gives you that power and it is still small. It is not like CoolWallet S which you can put in your wallet like a credit card but it is small like USB stick which is I think enough.
People needs to realize bitcoin is not the only coin or not even ethereum is enough, if you have ledger nano you can divide your investments to 10+ coins and even if one of the crashes there are still others. Ledger Nano gives you that power and it is still small. It is not like CoolWallet S which you can put in your wallet like a credit card but it is small like USB stick which is I think enough.
For me the best wallet are the offline wallets like paper wallet and hardware wallets.
Hackers couldn't access it unless they have your passphrase.
Hackers couldn't access it unless they have your passphrase.
In General, how do you think it is better to store the already released cryptocurrency in which wallet? Not the drops to collect, I'm not talking about myetherwallet, namely hadith. It is desirable to have a multicurrency one. What is your experience?
there are many wallets that you can use as a multi function.
but again MEW is the most widely used wallet you say, or maybe hardware can be the best choice
There is a lot wallet that is unable store different coins, but be sure it would be compatible. Now I am using myetherwallet in storing my coins that got from participating in different projects in the bounties. But be sure you are only one who know your private key to avoid scammed and avoid phishing site so that they won't steal your coins
Definitely Hardware Wallets... I strongly suggest It and My Ether Wallet ( MEW ) is the most popular cryptocurrency wallet these days.
The best way is to divide your funds between different wallets. I am using five MEW wallets and seven exchanges, where I am hodling all my coins. The more wallets, the less is the opportunity of being hacked, scammed or tricked.
In General, how do you think it is better to store the already released cryptocurrency in which wallet? Not the drops to collect, I'm not talking about myetherwallet, namely hadith. It is desirable to have a multicurrency one. What is your experience?
I think MyEtherWallet is still one of the best cryptocurrency wallets in the cryptocurrency space, the only thing you have to do is to make sure you protect your private key, however you can create one wallet for each token have have to be on the safer side.
In General, how do you think it is better to store the already released cryptocurrency in which wallet? Not the drops to collect, I'm not talking about myetherwallet, namely hadith. It is desirable to have a multicurrency one. What is your experience?
the best crypto storage on a Blockhain site or hardware since storage of devices is expensive unless you have a lot of money to buy it or for example you have BTC which is much safer to buy hardware
if myetherwallet does not suits you, you can find other alternatives available online. choose the one who doesn't store your wallet private keys on their server but will be delivered to you upon wallet creation. this will be alot safer since hackers cannot steal your money even if they hacked into the server as they don't have private key. you must be responsible to store the private key as your funds will be lost if you lost your private keys.
I have not tried for any wallet , but for me I considered myetherwallet the best wallet , if you only follow the wallet provider important reminders about your wallet safety ,then it will be good enough for this kind of wallet, the myetherwallet .
In my opinion, hardware wallet is the best wallet for cryptocurrency storage.
In General, how do you think it is better to store the already released cryptocurrency in which wallet? Not the drops to collect, I'm not talking about myetherwallet, namely hadith. It is desirable to have a multicurrency one. What is your experience?
I think there is no better wallet for storing multiple cryptocurrency than a cold wallet.
myetherwallet is only for ethereum, it is just an eth wallet. If you use hard wallet such as ledger, i think you will be able to store many crypto coins there without afraid to getting hacked easily.
To those that are suggesting MEW, yes it may be supporting a lot of ERC20 coins but that's not the best wallet for multicurrency.
- Ledger nano s
- Trezor
These are the best wallet for multicurrency wallet and they are both hardware wallet.
MyCrypto, MEW , ... are just User-Interfaces which can be used with your private-key or a hardware-wallet (which stores your private-key).- Ledger nano s
- Trezor
These are the best wallet for multicurrency wallet and they are both hardware wallet.
I think the best wallet is a totally disconnected laptop that you use for a cold wallet, a laptop that you only use with your encrypted keys and only use as a backup, of course, most wallets are hackable, because no matter how many sophisticated systems we add, there will always be the human factor, which defies all odds.
Same with paper wallets and this what I've done before when I still don't have my nano s but now that I have it, I transferred all my funds to my hardware wallet and its convenient to me. No problems at all. Jump to: