The safest wallets
...
...
1. Promote "Wallet X" in sig
2. Tell everyone that Wallets A, B and C are the "safest"
3. ? ? ?
4. Profit
Topic: Wallet (Read 420 times)
The safest wallets
...
2. Coinomi – Best for Mobile
3. Exodus – Best for Desktop
wallets that are closed source such as Coinomi or have components that are closed source such as Exodus are always going to be t he least safe wallets and must be avoided as much as possible unless you have absolutely no other choice....
2. Coinomi – Best for Mobile
3. Exodus – Best for Desktop
for example you should only use Coinomi if you were trying to store some shitcoins that don't have any other wallet.
PonZZ, although there are various definitions of what exactly a hardware wallet is, the term cold wallet should not be used because every hardware wallet connects to the internet, at least in case the user needs to do a firmware upgrade. Furthermore, if you have a hardware wallet, then why use a desktop wallet since HW support over 1000 coins/tokens- and in case you have a Nano X, you can connect it via Bluetooth to your smartphone, or via an OTG cable if you have a Nano S.
The safest wallets
1. Ledger – Best Cold Wallet
2. Coinomi – Best for Mobile
3. Exodus – Best for Desktop
1. Ledger – Best Cold Wallet
2. Coinomi – Best for Mobile
3. Exodus – Best for Desktop
What's wrong with Ownr? Exodus is closed source too. If a wallet is non-custodial, it's reliable enough.
I wouldn't recommend exodus to anyone. Exodus has its own vulnerabilities (or rather: a weak security concept overall).
Just because a wallet is non-custodial, it doesn't mean it is reliable or secure.
You can never be sure whether the software you are using is secure or even malicious. Nothing keeps the developer to give you a mnemonic from a pre-defined list or just using a weak RNG (either by accident or maliciously).
Using closed-source software to store a form of digital decentralized and uncensorable money is a contradiction in itself.
Hi,
Check out wallet Unstoppable. It is non-custodial, open-source, easy to use. It is positioned to be secure, private wallet app for IOS and Android.
[SCAM]
Check out wallet Unstoppable. It is non-custodial, open-source, easy to use. It is positioned to be secure, private wallet app for IOS and Android.
[SCAM]
Caution!
A newbie promoting a completely new wallet no one ever has heard of.
It is most likely a scam and i would advise to not visit that link.
Hi Bob,
I agree that people need to be careful in order to avoid many scams, especially with so many in crypto. But, wallet Unstoppable is not a scam, we have been working hard to build a wallet that adheres to best security practices, it is open-source, anyone can see the actual code behind. And our Android version is verified by https://walletscrutiny.com/ to be exactly as published code on github.
We are indeed a newbie on Bitcointalk, but we are here to stay. I invite you to try our wallet Unstoppable and share with us about your impressions and findings.
Just visit www.unstoppable.money
If you ask me, the safest places are exchanges...
No, they are not. They might be convenient, but that doesn't equal a safe storage. I can recommend https://www.myetherwallet.com/
How does someone store Bitcoin in myetherwallet.com? I repeat, myetherwallet.com! It's an Ethereum wallet suitable for Ether (as the name suggests) and erc-20 tokens, not Bitcoin and other assets. Hi,
Check out wallet Unstoppable. It is non-custodial, open-source, easy to use. It is positioned to be secure, private wallet app for IOS and Android.
[SCAM]
Check out wallet Unstoppable. It is non-custodial, open-source, easy to use. It is positioned to be secure, private wallet app for IOS and Android.
[SCAM]
Caution!
A newbie promoting a completely new wallet no one ever has heard of.
It is most likely a scam and i would advise to not visit that link.
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..
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..
Hi,
Check out wallet Unstoppable. It is non-custodial, open-source, easy to use. It is positioned to be secure, private wallet app for IOS and Android.
www.unstoppable.money
The safest wallets are hardware ones. If you can't afford it, take a look at non-custodial mobile or desktop apps. I use Ownr wallet, it's relatively small and less known than Bluewallet or Samourai, but still reliable.
Why exactly should a new closed-source wallet be reliable?
I'd never recommend a closed source wallet over samourai or electrum.
And there are other (cheaper) ways than a hardware wallet to store coins securely.
With an unused device, an air-gapped wallet for example. Or a paper wallet. Both of them are kind of impractical when it comes to frequently transacting, but are definitely secure if managed properly.
The newbies have limited understanding as regards to DEX wallet which you will have control of the private. A newbie that recklessly lose his/her seed phrase and private key might not be able to retrieve his/her coin from this DEX wallet. However, CEX platform like coinbase is very easy to use and it is very easy to recover your coin in case you cannot remember their login detail
first of all DEX decentralized exchange. there is no DEX wallet, there are desktop wallets, cold storage, custodial wallets, hardware wallets, web wallets,...
secondly if someone who is incapable of holding on to their desktop wallet they are also incapable of holding on to their login information to a centralized account on some exchange and will lose it all the same.
besides if they want to give up their control and use a custodial wallet then they should continue using fiat instead of bothering with bitcoin.
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..
Have you tried looking for information on the official website?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..
https://bitcoin.org/en/choose-your-wallet
If we talk about exchanges, then it is better not to transfer your money there, if you do not intend to trade there.
Try this one, using it myself and am very satisfied. It is compatible with many services and the Defi ecosystem.
https://shop.ledger.com/products/ledger-nano-s
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. 
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.
Lot of different opinions here, some are correct some aren't. As some have already stated, keeping your coins on an exchange is the worst thing you can do. The second worst is keeping it on a "hot wallet" , i.e. and app on your phone. The safest ways to store bitcoin and or cryptocurrency are hardware wallets as well as paper wallets. Nothing is safer and more secure that storing your coins on a cold storage wallet, or paper-wallet. This is not advisable for most people, as creating it properly can be a bit of a technical process most aren't suited for.
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).
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).
yes using hardware wallet is most safest i think, using exchange is second option since big exchange can get hacked too.
I think this question has been asked and many people already know about Bitcoin wallets, for me personally I use Blockchain wallets to store my Bitcoin, because Blockchain already looks safe for storage, if you want to try to store Bitcoin it's better to use Blockchain wallets to store Bitcoin And make sure to keep the private keys that you get when you use the Blockchin wallet.
and yes im using blockchain too because you can signed message on there unlike exchange
I think this question has been asked and many people already know about Bitcoin wallets, for me personally I use Blockchain wallets to store my Bitcoin, because Blockchain already looks safe for storage, if you want to try to store Bitcoin it's better to use Blockchain wallets to store Bitcoin And make sure to keep the private keys that you get when you use the Blockchin wallet.
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).
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 coins on exchanges is the worst advice you can give to people, even if the exchange give you some %. The OP is asking for the safest way so this is definitely not the safest one.
The safest way is to keep your keys(seeds) somewhere offline, some say paper wallet, but I prefer to have it on a metal plate in case of fire, you still have the keys.
I have been using Mycelium wallet on my mobile, Wasabi wallet on my desktop, and ledger wallet for my longterm hodling. I use Mycelium for making online purchases therefore I only keep a small amount of Bitcoin in it. My desktop wallet is for trading purposes therefore I only fill it when I want to visit an exchange. Rest of it kept in my hardware wallet.
You can also do the same or improvise it all depends on you.
You can also do the same or improvise it all depends on you.
Whatever wallet you are using, funds aren't safe if you can't save wallet credentials. This is the most important part to save your funds. Then you have to choose the type of wallet. A custodial wallet means you will not have full control over your funds. A non-custodial wallet means you will have full control of your funds. So, of course, all experience users will suggest you use a noncustodial open-source wallet. Make sure your downloading source is original whatever wallet you intend to use. For more safety, go with hardware wallet.
copper member
Activity: 2800
Merit: 1179
Leading Crypto Sports Betting & Casino Platform
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.
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.
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.
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
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.
If you want to keep them somewhere safe and completely offline, there are devices like Trezor, ledger.
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).
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).
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.
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..
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..
Jump to: