Wallet - page 2. | Bitcointalksearch.org

Coin_trader

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Quote from: Cryptocurrency Hunter on September 03, 2020, 05:05:50 AM

If you ask me, the safest places are exchanges, but if you are looking for a secure wallet without joining the exchange, I can recommend https://www.myetherwallet.com/, it has never been stolen and has a super protection strategy. Cool

Exchange is not the best wallet. The best example here is Mt.Gox, Cryptopia, Bithumb and many exchange that turn in to scam. It’s a bad decision to leave your money on a wallet that you didn’t own the key. But at some point, there are exchange that is safe to store funds like binance and coinbase because they are compliant to the law.

Practically speaking exchange is most convenient wallet if you are a trader but not the safest. Safest wallet is the one that you holds private key or a hardware wallet.

Cryptocurrency Hunter

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If you ask me, the safest places are exchanges, but if you are looking for a secure wallet without joining the exchange, I can recommend https://www.myetherwallet.com/, it has never been stolen and has a super protection strategy. Cool

CarnagexD

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Quote from: Get-Paid.com on September 02, 2020, 06:40:07 AM

I'd say Binance is a good place and you can also get nice interest % paid on your balance if you just store it there without doing anything with it (unlike cold wallets that don't pay interest).

Keeping your bitcoins in an online 3rd part service is risky, there have been some reported missing funds in Binance, good thing is that Binance is taking all the responsibility when there is something bad happen to their service just like what they did last year when hackers got their security off guard and took millions of dollars in bitcoin.

I'd still say that cold wallet is the safest way to store your bitcoin, remember when it is offline nothing can touch it but you, however there are still problems in keeping cold wallets such as being stolen or missed place but that will depend on the user on how he can safely manage to secure his assets.

I'd rather go with cold wallets than Binance Cheesy

wanted sliter

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You can keep them on the world's largest trading platforms. Make KYC and set multi-layer security, not too wasted time and effort. If your money is lost the exchange will be responsible for compensating you. You can also use mobile wallets like Coinbase, blockchain wallet to keep them. Remember to update your software regularly.
If you want to keep them somewhere safe and completely offline, there are devices like Trezor, ledger.

Get-Paid.com

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The safest wallet would be a cold wallet but even that can get lost.

I'd say Binance is a good place and you can also get nice interest % paid on your balance if you just store it there without doing anything with it (unlike cold wallets that don't pay interest).

Charles-Tim

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joniboini

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This question has been asked too many times. Visit the Development & Technical discussion board or search in beginners & help about wallet. Or use bitcoin.org wallet chooser which is quite easy to use. Also, wallet are not storing your bitcoins, it only holds your keys/seeds. Your bitcoin is on the bitcoin network.

tapas143

newbie

Activity: 63

Merit: 0

What is the best place(Walet) to store bitcoin safely .
Because now in days there a lot of hacking news comes about cryptocurrency . I don't know about that which wallet will safe for bitcoin .
Please tell me about it..

Topic: Wallet - page 2. (Read 397 times)