Topic: Wallet suggestions? - page 2. (Read 526 times)
Everyone generally finds the best wallet for exchange you can use hardware wallets, which are devices that store crypto on a physical medium. One of its advantages is that it can be connected to the internet if desired. This keeps keys safe and increases usability cyber prevents it from losing resources. With this you can save your key on PC these wallets are convenient for secure trading.
I have been using a Ledger Bitcoin Wallet https://www.ledger.com/coin/wallet/bitcoin for many year now and I am pretty happy with it.
Overall, I recommend to use a hardware wallet/cold wallet for holding your Bitcoin for the following reasons:
1. Have complete control and ownership of your Bitcoin.
2. Store your private keys offline. This significantly enhances the security of your Bitcoin holdings.
3. Immunity to malware attacks since transactions are signed within the device itself, even if your computer is infected, your Bitcoin remains safe.
Overall, I recommend to use a hardware wallet/cold wallet for holding your Bitcoin for the following reasons:
1. Have complete control and ownership of your Bitcoin.
2. Store your private keys offline. This significantly enhances the security of your Bitcoin holdings.
3. Immunity to malware attacks since transactions are signed within the device itself, even if your computer is infected, your Bitcoin remains safe.
Trezor or Ledger hardware wallets from the official stores or Bitcoin Core with a passphrase encrypted wallet.dat
Ledger is crap. They had SO many flaws it is more likely to be affected in some way by their product every few years than not. After their very bad handling of customer information which could lead to robberies and other crimes and the recent update allowing Seeds to be extracted from their device it is a big red flag and I would never advise any body to use Ledger again.Everything else you get told on here is bad advice.
How so? Airgapped Wallets are safer than all the three you have listed. ~
Have you ever had this bad experience, friend? It seems that if you share your experience of how the problem occurred, it will be more helpful for someone new so they don't repeat the same mistake. I realize that security for cold wallets has received good feedback from many people, but with rumors like this, I have doubts about your statement.
I don't take lightly the warning you gave. However, I am a little surprised about this, because there is also a bad possibility for someone who wants to buy a cold wallet like Trezor and Ledger. Spontaneously in my heart I said "What... how could that actually happen?"
what are the best ways for me to keep my cryptocurrencies safe?
The best and safest way is to use multisig wallet with cosigners relevant to different manufacturers and developers.
Here you can find the practical guide on how to create such multisig using software (Sparrow) and hardware (Paasport 2) wallets. The proposed scheme can be easily adjusted to scale any number of cosigners. Employ 2 of 3 multisig and forget worries concerning the safety of your stash.
Which to choose? My preference is hardware wallets. Why, ask? Their purpose is to add security. Hijackers cant acquire your crypto because your private keys never leave the device.
However, convenience matters. Users who trade regularly may prefer a mobile or desktop wallet. Their faster access is ideal for fast trade. Be aware that convenience often reduces security. Balance is key!
Whatever wallet you choose, make sure to keep your private keys... well, private. Back them up! It matters. Lost keys imply lost crypto, which no one wants. Safety, knowledge, and most importantly, crypto fun!
However, convenience matters. Users who trade regularly may prefer a mobile or desktop wallet. Their faster access is ideal for fast trade. Be aware that convenience often reduces security. Balance is key!
Whatever wallet you choose, make sure to keep your private keys... well, private. Back them up! It matters. Lost keys imply lost crypto, which no one wants. Safety, knowledge, and most importantly, crypto fun!
I'm using different virtual wallet but I find electrum the best wallet for me due to its simplicity. To ensure that your wallet will not be hack, avoid downloading applications from unknown sources,or might as well don't download at all. Depending on how important the bitcoin in your wallet, but it's suggested that you have a dedicated PC for your stuff, since it's online, you might forget that were able click a phishing link or anything that could steal your password, or could monitor your PC, avoid that as much as possible.
Download wallets, applications from official sources is good but not enough to be safe.Verify PGP signatures of developers to make sure the downloaded wallets, applications are not fake ones. For examples with Bitcoin Core and Electrum wallets, they have guides for users.
https://electrum.org/
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Warning: Do not download Electrum from another source than electrum.org. Verify GPG signatures.
https://bitcoincore.org/en/download/
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Verify your download
Download verification is optional but highly recommended. Performing the verification steps here ensures that you have not downloaded an unexpected or tampered version of Bitcoin, which may result in loss of funds.
Download verification is optional but highly recommended. Performing the verification steps here ensures that you have not downloaded an unexpected or tampered version of Bitcoin, which may result in loss of funds.
What type of virtual wallet do you use? And what are the best ways for me to keep my cryptocurrencies safe?
I'm using different virtual wallet but I find electrum the best wallet for me due to its simplicity. To ensure that your wallet will not be hack, avoid downloading applications from unknown sources,or might as well don't download at all. Depending on how important the bitcoin in your wallet, but it's suggested that you have a dedicated PC for your stuff, since it's online, you might forget that were able click a phishing link or anything that could steal your password, or could monitor your PC, avoid that as much as possible.
If you are new then I would suggest a hardware wallet. It costs some money but it’s the safest in terms of security. Keeping your crypto on your hot wallet is risky and I think you are better off just leaving it on your exchange as long as you use 2fa and unique password.
You can use something such as Electrum, or even the original Ethereum client to sign your transactions. You can do this offline with a computer that you never use online but the learning curve is fairly big and hence why you should just use a hardware wallet.
You can use something such as Electrum, or even the original Ethereum client to sign your transactions. You can do this offline with a computer that you never use online but the learning curve is fairly big and hence why you should just use a hardware wallet.
I have been keeping my cryptocurrencies (I still don't have many, unfortunately) on the Binance exchange.
It is not a good decision to store assets on any exchange because it does not provide extra security when something happens and unfortunately when the exchange has to be frozen or stops operating due to one or two things happening we will be quite disadvantaged.
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What type of virtual wallet do you use? And what are the best ways for me to keep my cryptocurrencies safe?
Sorry if it seems like a stupid question, but even though I reasonably understand crypto, I'm still taking my first steps with bitcoin.
For bitcoin I still use Electrum and Bluewallet and so far they are still quite safe and fine for me.Sorry if it seems like a stupid question, but even though I reasonably understand crypto, I'm still taking my first steps with bitcoin.
Choosing a safe place to store your assets is quite important because when you intend to hold Bitcoin in the long term, you must choose a wallet according to your needs and a much better level of security.
If at this time you have not taken any steps with bitcoin then what is there to discuss further.
When the wallet you choose can provide extra security then you must also have potential assets in it.
I've used Electrum and Ledger and they're both user friendly and good wallets.
I've now switched to ColdCard and interact with Sparrow. I wanted to try the air-gapped functionality, meaning that your wallet is disconnected from the internet and wireless communication and you can transact without ever connecting it to your laptop. It might be a bit overkill but it's nice to have I'd say.
I've now switched to ColdCard and interact with Sparrow. I wanted to try the air-gapped functionality, meaning that your wallet is disconnected from the internet and wireless communication and you can transact without ever connecting it to your laptop. It might be a bit overkill but it's nice to have I'd say.
I won't recommend any as long as you don't understand the fundamental functions of the wallet that you need.
Because it depends on what you need and what wallet is suitable for you because it's useless if I say you need a cold storage wallet but often use it. I suggest you read first the link that I dropped below, you may learn the pros and cons of every wallet.
https://bitcoin.org/en/choose-your-wallet?step=1
So good luck, learn first on your own so that you have a better idea not relying on everyone to deal with your security and privacy by owning your wallet.
Because it depends on what you need and what wallet is suitable for you because it's useless if I say you need a cold storage wallet but often use it. I suggest you read first the link that I dropped below, you may learn the pros and cons of every wallet.
https://bitcoin.org/en/choose-your-wallet?step=1
So good luck, learn first on your own so that you have a better idea not relying on everyone to deal with your security and privacy by owning your wallet.
It would definitely depend on what kind of wallet is best suitable for you
Generally we can categorize wallets into two: hardware and software by its name hardware are wallets that you can store physically and offline meanwhile software wallets are wallets that you can only access with the internet hardware wallets are typically considered more secure but software wallets are much accessible
If you always need your coins to be with you and be used then software wallets can be the one for you but if you think wallets in your pc or phone is too risky then you can use a hardware wallet
For software wallet it will probably be best to use exodus as a beginner meanwhile it would be Trezor for the hardware wallet
Generally we can categorize wallets into two: hardware and software by its name hardware are wallets that you can store physically and offline meanwhile software wallets are wallets that you can only access with the internet hardware wallets are typically considered more secure but software wallets are much accessible
If you always need your coins to be with you and be used then software wallets can be the one for you but if you think wallets in your pc or phone is too risky then you can use a hardware wallet
For software wallet it will probably be best to use exodus as a beginner meanwhile it would be Trezor for the hardware wallet
I guess someone must have opened your eyes to the risks associated in having your assets on centralized exchange and it's actually good that you took the advice by opting for a personal wallet. Hardware wallet like Trezor is very good but it's going to cost you some amount of money. If you cannot afford it, then you can settle for electrum, blue wallet or unstoppable wallet
Electrum is indeed free to use and there are reasons why it is the most recommended wallet for bitcoin and I am sure OP will ask again or do some research to know which wallet to use for other cryptocurrencies that he may have owned or will own after buying. At least, OP excuse himself first before asking the question rather than just post and leave the thread which already happened many times (most of them are newbies and abandon the thread later on instead of replying to posts). Sorry if it seems like a stupid question, but even though I reasonably understand crypto, I'm still taking my first steps with bitcoin.
There's nothing to be ashamed of, we're all here to learn and to improve our knowledge. Hello friends!
I have been keeping my cryptocurrencies (I still don't have many, unfortunately) on the Binance exchange.
What type of virtual wallet do you use? And what are the best ways for me to keep my cryptocurrencies safe?
I guess someone must have opened your eyes to the risks associated in having your assets on centralized exchange and it's actually good that you took the advice by opting for a personal wallet. Hardware wallet like Trezor is very good but it's going to cost you some amount of money. If you cannot afford it, then you can settle for electrum, blue wallet or unstoppable wallet I have been keeping my cryptocurrencies (I still don't have many, unfortunately) on the Binance exchange.
What type of virtual wallet do you use? And what are the best ways for me to keep my cryptocurrencies safe?
If you want real safe solutions, use cold wallets. The problem is only that they not support all of the altcoins. Ledger or Trezor is a good choice. Cheers 
Be careful when buying this wallets because there's some people out there that's scamming people that buy these products by selling a tampered cold wallets so you better be smart as to where you're going to buy, buy at their official websites and stores and not just from individuals that's saying that they're selling it for a lower price.Have you ever had this bad experience, friend? It seems that if you share your experience of how the problem occurred, it will be more helpful for someone new so they don't repeat the same mistake. I realize that security for cold wallets has received good feedback from many people, but with rumors like this, I have doubts about your statement.
I don't take lightly the warning you gave. However, I am a little surprised about this, because there is also a bad possibility for someone who wants to buy a cold wallet like Trezor and Ledger. Spontaneously in my heart I said "What... how could that actually happen?"
Hello friends!
I have been keeping my cryptocurrencies (I still don't have many, unfortunately) on the Binance exchange.
What type of virtual wallet do you use? And what are the best ways for me to keep my cryptocurrencies safe?
Sorry if it seems like a stupid question, but even though I reasonably understand crypto, I'm still taking my first steps with Bitcoin.
I have been keeping my cryptocurrencies (I still don't have many, unfortunately) on the Binance exchange.
What type of virtual wallet do you use? And what are the best ways for me to keep my cryptocurrencies safe?
Sorry if it seems like a stupid question, but even though I reasonably understand crypto, I'm still taking my first steps with Bitcoin.
It depends if you are holding cryptocurrencies for a long period then go with hardware wallets but if you are trading daily then the better option is to keep it in your exchange's wallet. And one thing more if your capital is high then keep your coins in a wallet outside the exchange which is good for you, you will never lose your money!
Trezor or Ledger hardware wallets from the official stores or Bitcoin Core with a passphrase encrypted wallet.dat
Everything else you get told on here is bad advice.
For your reference -
www.trezor.io
www.ledger.com
https://bitcoincore.org/
*Bitcoin Only - No Shitcoins*
Everything else you get told on here is bad advice.
For your reference -
www.trezor.io
www.ledger.com
https://bitcoincore.org/
*Bitcoin Only - No Shitcoins*
And what are the best ways for me to keep my cryptocurrencies safe?
Apart from Bitcoin, you didn't mention which other cryptocurrencies are part of your portfolio, but ideally, you should pick an "open-source hardware wallet [with "secure element and "reproducible builds (it doesn't mean it's completely safe, but it's a good starting point)"]" that supports all of them.The choice between less bad and cheap would be the Trezor model 1.
You have a point, but considering that it has started not to receive important updates, I'd go with the next best thing [Trezor Safe 3] that's superior to the older Model One. If you want real safe solutions, use cold wallets. The problem is only that they not support all of the altcoins. Ledger or Trezor is a good choice. Cheers
Be careful when buying this wallets because there's some people out there that's scamming people that buy these products by selling a tampered cold wallets so you better be smart as to where you're going to buy, buy at their official websites and stores and not just from individuals that's saying that they're selling it for a lower price. Jump to: