Topic: Top 5 safest Bitcoin and Altcoin wallet (Read 405 times)

Top 5 safest Bitcoin and Altcoin wallet :
1. Electrum Bitcoin Wallet
2. Coinomi Wallet
3. MyCelium Bitcoin Wallet
4. GreenBits Bitcoin Wallet
5. Bitcoin Wallet

MetaMask is an extension for the browser. Go to the official website and get acquainted with the metamask for the better. MetaMask add-on can only be installed in Chrome, Firefox, Opera and Brave browser.

Not if you set your wallet up in a correct way... The ledger nano S even comes with a recovery sheet where you can write down the 24 seed words....

If you lose your ledger, but still have this seed written down, you can either buy a new ledger and use the seed to restore your wallet, you can use a compatible desktop wallet (but lose the extra security since your wallet seed words now touched an online machine) or you can use one of the many tools to calculate the xprv and derive the private keys directly.

If your wallet gets stolen, the thief has 3 chances to unlock your wallet, after which it'll be erased automatically... A while ago, i've read that somebody was able to recover his wallet after he lost the seed and forgot the pin, but it took a long time and a lot of effort. If your hardware wallet gets stolen, and you immediately use the seed to recover your wallet using, for example, electrum, then empty out your wallet by funding an address generated by an uncompromised wallet, you should be fine.

Ofcourse, the seed words also come with a downside: if somebody gets his hands on your recovery sheet, he can empty out your wallet in a matter of minutes... But even then, tools like safe deposit boxes, encryption,... can reduce this risk to a great extent.

What exactly is MetaMask and how it connects to your wallet ?

Every wallet has its advantages and disadvantages. If you use a nano s ledger wallet, it will keep you away from hackers, but it's a downside if you lose everything when you lose or get stolen your wallet.

Check it here: https://www.ledgerwallet.com/products/ledger-nano-s

Buy from this official site only. Buying from ebay involves some extra risk. There were some cases of stealing funds in the past so I don't recommend buying it somewhere other than official website.

 The first time I heard about Ledger Nano S wallet! How much money Ledger Nano S wallet ?

For Bitcoin, use ledger nano s or paper wallet.
For altcoin myetherwallet is awesome.. else Exodus is also gud..
Blockchain is also a well known Bitcoin wallet.

Humm, MEW is far from safe.

I recommend use the metamask wallet, it is practical, and it has no history of serious problems involving security.

It seems that in this case Favorites ≠ Safest.

- Ledger S nano wallet is indeed fairly safe, especially when you keep it airgapped. I'd say it has a fair spot on your list, comparing it to the other wallets.

- Xapo wallet, I'll sum up what's wrong. You have no control over your keys when storing them here. XAPO can run off with all your bitcoin anytime they want.


Furthermore, correct me if i'm wrong, they process your withdrawals, like an exchange does. (unlike blockchain.info, where you still can control a little bit when and how you want to withdraw)

- Omni Wallet, Looks confusing, it seems like both parties here have access to your private key, (You, and omni), although there's not much information available about it.
https://www.cryptocompare.com/wallets/omniwallet/ states that you actually have no access at all to your keys, but this is refuted on the web page of the wallet itself. I'm slightly confused.

-Enjin wallet, Seems like a decent wallet, Looks like enjin themselves have no access to your private keys,


Looks like they also support a decent amount of ERC20 tokens for a mobile wallet.

https://www.cryptocompare.com/wallets/enjin-wallet/

i am waiting ethos  universal wallet, now alraedy on beta version. Mulricurreny and multi multi blockchain will be in one wallet.

still trezor is the best for me, using it for 2 years without any problem

Why do I get the feeling that you just search something in google and compile yourself up with your own Top 5 list? Also all the description on your top 5 list can be seen in one google search. You don't even give any personal experience with the wallets in the list not to mention that the wallets you lack any description on why they are considered the "safest" at least on your own personal opinion. And yes even hardware wallets like your Ledger Nano S can be compromise even before you buy it.

im only use MEW 

Why a lot people still recommend an exchange? Did he know the different between exchanger's wallet and personal wallet?
Stop recommend exchange wallet and said if they're the Best or Safest. You don't have control for your private key and why you guys still recommend it?

I'm prefer using Myetherwallet with trezor. Because I have tokens on ERC-20 and also I hold NEM tokens, which on own blockchain.

Hi all,

We would love to hear your views on the different wallets out there. PLEASE check out our website here: https://www.cryptowisser.com/wallets/ where we list 130+ wallets. The current favorites from the users seem to be:
- Ledger Wallet;
- Xapo Wallet;
- Omni Wallet; and
- Enjin Wallet.

Do you agree with that toplist?

Looking forward to hearing what you think!

All the best,
Cryptowisser

Probably more than 75% of all your claims are horribly incorrect. Looks like someone needs to read a certain pinned topic.... Topic: [General] Bitcoin Wallets - Which, what, why?

C- for effort, I guess? Make sure to do your own research when making suggestions. Especially here in the Beginner's section.

Ledger Nano S has been phenomenal and continues to improve their product. They are on the forefront of security and constantly adding new compatible coins. Definitely a favorite for me. They are even starting to be used by a lot of institutions because of how good their security is.

lol, wtf
Amazing. Every word of what you just said was wrong



How come this guy spread so much misinformation? He wrote so many words of pure bullshit.
unbelievable how can someone do that. Terrible... almost funny

I personally belief none of the 5 suggestions made by CryptoMauren should be considered as a safe wallet...

The blockchain company is NOT the company that's behind the creation of the blockchain technology!!!!!!!!!
Satoshi is the one (or the group of people) that wrote the whitepaper and the first reference client. AFAIK, he doesn't work for blockchain.com (or blockchain.info)... Well, we don't know the identity of satoshi, but the odds of him working for blockchain.com are very small.
Blockchain.com = private company that specialises in implementations of the blockchain techology
the blockchain = the techology behind a decentral, immutable trustless ledger on which bitcoin was built
Blockchain.com != the blockchain
Blockchain.info is a web wallet, which is inherently unsafe

This is an exchange, which is even worse than your first suggestion


Same as point 2...


Same as point 2...

Same as point 2...

1. Blockchain
    Blockchain is the technology behind Bitcoin's turnaround itself, so its superiority as a provider of
    Bitcoin wallet is definitely beyond doubt. You can even see all transactions from all accounts,
    whether it's Bitcoin acceptance or delivery.
2. Bitcoin.co.id
    This one site can be regarded as the most crowded place to buy Bitcoin in Indonesia. Account
    creation at bitcoin.co.id not only provides a wallet address, but also facilities for Bitcoin
    transactions directly with Rupiah (via local bank payment method) and Bitcoin trading.
3. Coinbase
    Coinbase.com is a Bitcoin wallet provider site based in San Francisco, USA. Coinbase's credibility
    and functionality is not much different from Blockchain. But since Blockchain is a Bitcoin original
    technology, it's no wonder Coinbase is a bit less popular than Blockchain.
4. Xapo
    Xapo not only operates as a Bitcoin wallet provider, but also a Faucet site that can provide free
    Bitcoin to its users. It also provides more convenience because users can directly enter Bitcoin
    into the wallet that has been integrated with its Faucet system.
5. BitX
    BitX is the second site that provides Bitcoin wallet as well as trading for Indonesian clients. But
    unlike bitcoin.co.id, BitX does not accept digital currency storage other than Bitcoin. BitX itself is
    now rebranding into Luno which operates as a global company and has branch offices in London,
    Singapore, and Cape Town.

True, Coinbase should be used as a wallet. But even though MyEtherWallet falls under a "web wallet", it's still pretty safe to use as they don't control your private keys. You pretty much just use MyEtherWallet to acess your wallet. Just always make sure that you're navigating to the correct URL.

I don't think My Ether Wallet and coinbase are safest wallet. You should avoid something called web wallet to avoid hack or some phishing site .
And as far as i know, coinbase isn't wallet but more like exchanger or something like that. Even they already said if coinbase isn't a wallet on their blog.

https://blog.coinbase.com/coinbase-is-not-a-wallet-b5b9293ca0e7

I completely agree with AdolfinWolf and TryNinja, but wanted to go the extra mile and offer my "5 safest bitcoin wallets", just in case a newbie stumbles upon this thread... This way i figure he can at least leave with some safe advice

1. My absolute safest wallet: a recently compiled bitcoin core on an AIRGAPPED pc. If you can make regular offline backups and keep them safe, it might even be a good idear to configure your core wallet to be non-hd, so private keys get generated completely random (but if you do this, you need to backup your wallet.dat very regulary => https://en.bitcoin.it/wiki/How_to_set_up_a_secure_offline_savings_wallet

2. A recent version of electrum on an airgapped PC... Keep the seed safe => http://docs.electrum.org/en/latest/coldstorage.html

3. A correctly generated paper wallet, using BIP38 encryption with a very strong passphrase. Do make sure you follow the proper procedure for creating a paper wallet, and use a paper wallet generator with a truely vetted RNG... An offline copy of bitaddress.org usually does the trick... Make sure your pc is offline during the whole creation process, and rebooted before put back online... And make sure no copy of the paper wallet ever touches an online device (for the truely paranoid: make sure the printer used for printing the wallet is offline, and rebooted right after printing the wallet... Also, make sure you securely wipe the usbstick you used to transfer the paper wallet... Formatting or just deleting images is NOT a secure way to wipe a stick!!!)

4. Trezor model T or trezor one... Since they've been around longer than ledger, i would put them 1 place higher than ledger

5. Ledger model S

Whatever you do, think about your wallet choice. If you only hold a small amount of BTC, a desktop wallet on an clean, online machine might be fine... Core or electrum are my prefered wallets in this scenario... If you hold more than 0.5BTC, it might be a good idear to invest in a decent hardware wallet or start using a paper wallet... If you hold a small fortune, it's defenatly a good idear to spread your funds, and also use a couple cold wallets to store your wealth...
The only thing you should avoid (imho) is storing BTC (or altcoins) in an online wallet or exchange... If you're not the only one in controll of your private keys, you're not in controll of your funds. The only thing an online wallet is good for is to store spending money when you're away for a longer time... You know, a couple hundred bucks worth of BTC for when you're on vacation and you want access to this money just in case you find something interesting to spend it on... But even then, i'd prefer a mobile wallet to store this spending money on instead of an online wallet.

Yes. The interfaces of MEW and MyCrypto are very similar due to MyCrypto being a fork of MEW. What happened pretty much is that both founders of MEW split up due to certain conflicts.

Now I see that people using the mycrypto wallet has the same interface as the myetherwallet wallet features just like the mew so people do not have difficulty moving to mycrypto wallet.

Ledger Nano and Trezor are definitely safe, as they have much more security against hacking or theft--both are pretty easy to use too which is always a plus.

Well, it reads that Coinbase keeps the key of the wallet and they can decide to stop the account if they wish. So the question is how did it get to top five?
I agree that Ledger Nano S and Trezor are great and safe. Exodus is probably good as well for multi coin storage. Also MEW is not a wallet but an interface.

One of the best and secure wallet for BTC is Electrum. The best software wallet for me. For ETH and ERC20 I would recommend MetaMask.

It seems like you have absolutely no clue what you're talking about, as far as bitcoin related wallets and their security go.


As TryNinja already mentioned above, coinbase isn't a wallet to begin with. They allow no access to your private keys, your fee settings(afaik). You basically don't own any bitcoins you store there. Coinbase has complete control.

I believe blockchain.info has already had issues in the past with incorrectly generating seeds, (https://bravenewcoin.com/news/blockchain-info-bug-exposes-users-private-keys/)

Furthermore they don't allow you to make CPFP transactions, or Doublespend/Replace by fee. Neither do they allow you to easily access your private key. (I believe you'll need to manually regenerate it using your seed in another wallet such as Electrum?) I don't see why anyone would use them over Electrum/Bitcoin Core at this point. User Convenience?

Also, Electroneum is an altcoin, and your link is referring to the Bitcoin Core thread. Which one is it?

I am using metamask and myetherwallet for eth and coinbase and blockchaininfo for btc .I have no idea about Trezor and Exodus and  Ledger Nano wallet.But i think metamask and myetherwallet best wallet for eth and eth based token and its more securied wallet and coinbase and blockchaininfo best for btc wallet but you can also electroneum wallet know more details visit https://bitcointalksearch.org/topic/bitcoin-core-0160-released-3024763

I would also add Metamask. I like to use it

Not at the moment. However, Ledger is working on its own Ethereum app, so users won't need to be stuck with MEW.

You need mew to use erc20 tokens with ledger nano. Is there any other way?
I don't like mew very much, those in browser solutions I don't trust very much..

i am still using MEW even though I have nano ledger lol

How can you put Coinbase and not Electrum in your list? Coinbase isn't even a wallet. And where is Core?

Bad list IMO. This looks more like a list of random "wallets" than a "top 5 of safest wallets";

I think you need to distinguish between "cold" hardware wallets vs software and mobile wallets (there are also paper wallets too).

You also need to distinguish whether you hold the private keys for the wallet you use or whether they are held by a third party.

Ledger Nano S and Trezor are cold hardware wallets where you hold the private keys.

Coinbase is basically an exchange wallet where they hold your private keys so that's one less level of security and depends on your trust of Coinbase as a third party.

Exodus and MEW are also popular. I believe both have been hacked at times in their history so you need to be careful. MEW was actually just hacked recently. I'm not sure who stores the private keys for these wallets (between the user or the wallet company).


 

I have been using the purse "Ledger Nano S" since summer, I am satisfied with this wallet completely, I can advise for buying. Other did not use)

1. Ledger Nano S
Ledger Nano S wallet is a leading brand of cryptocurrency storage wallet today. Nano S is a product of Ledger company in France. It connects to any PC (with USB port) and attaches a secure OLED screen to verify and validate each transaction by manipulating the buttons on the wallet. Ledger Nano S can store a variety of cryptocurrency such as Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), Litecoin (LTC), Ripple (XRP), and many other Altcoin types. And most Token runs on the ERC20 platform.

2. Exodus
Exodus is a type of electronic wallet software installed directly on a personal computer to store secure digital currency and high security. The Exodus has a very user-friendly platform that is accessible to individuals seeking to create wallets, the Exodus. You can download the application and use it to store and manage your coin. A versatile wallet that is capable of storing or transferring to multiple coin

3.My Ether Wallet
When users open their wallets, they need to enter their personal address key password. This is a great example of how people recommend using it. You can use the swap tool on a website to transact assets to another person. For example, when you want to use MyEtherWallet offline to trade, trade, or send cryptocurrency, there are many different ways. To access the wallet, use: Keystore File (Utc / Json), Private Key, Mnemonis Phrase, Ledger Nano S, TREZOR.

4.Trezor
Bitcoin Trezors is one of the safest e-wallets. It supports the ability to store multiple types of cryptocurrency and ERC-20 token. Two steps are required. If your account is lost, you can regain access to your lock, assets, history, email and account. This is a reliable, secure, secure Bitcoin store that guarantees no risk. All transactions are displayed on the screen so you can check before you confirm the transaction.

5. Coinbase
Coinbase allows you to access your wallet and supports multiple coin stores such as Ethereum and Bitcoin. Coinbase wallets are simple to set up and very easy to use, but they have some limitations: • The trading platform keeps the personal key of the wallet. This means you have no control over your budget and Coinbase can decide to stop your account if they wish.