Topic: Wallet suggestions? - page 3. (Read 526 times)

As everyone has suggested above, using a hardware wallet or an open source and non-custodial wallet is the safest way to store your assets. But you don't mention which coin you are holding, because if you don't own bitcoin but own a lot of shitcoins, that can also cause you a lot of risks. Therefore, you also need to pay attention to the reputation of the coins you are holding, not just focusing on the wallet for storage. Remember how collapsed projects like Luna, FTT have damaged many people and if your assets do not have bitcoin then it is a huge risk.

Hardware wallet is the most secure medium than various virtual wallets and centralized exchanges because the hardware wallet is totally under your own control but if you keep your assets in the centralized exchange then it is not completely under your control.  Don't talk about the top exchanges like - Binance, Kucoin and okex are all centralized exchanges if you have asset hold then you don't have full control over it so if you want to store Asset I will tell you to use hardware wallet, there are good hardware wallets like Ledger,  You can use Tezor etc.

I don't agree with this statement, what is the disadvantage of using an open source, self custodial, well-reviewed wallet on an airgapped device. There are wallets that are unsafe and shouldn't be used, I.E. Coinomi. You shouldn't say all wallets have their pros and cons, like people should just select whichever one they think suits their needs, meanwhile there are wallets that people should not touch if they don't want to lose their funds.
You have already received good recommendations on the wallet to use. The best way to keep your coins safe once you are using a good wallet, is to ensure you have a good opsec and learn how to add extra layers of security, such as extending your seed phrase with a passphrase or creating a multisig wallet.

When choosing a crypto wallet, it’s important to choose a wallet that is non-custodial (gives you full ownership of your keys) and open-source. For storing Bitcoin, I recommend Electrum and Blue wallet for iOS users. A good wallet for storing altcoins is Unstoppable wallet.

It’s already been stated, but I want to emphasize this, leaving your coins in exchanges is risky, especially for larger amounts.

Reminder: do not keep your money in online accounts
Binance & Nigerian; Most recent development on frozen funds without prior notice
Recent events should make everyone withdraw all their coins to their own wallets
Recent events should make everyone withdraw all their coins to their own wallets: Part 2
Recent events should make everyone withdraw all their coins to their own wallets: Part 3

Using an exchange is as simple as making a declaration that your money is not yours but instead the exchange, not your keys not your coins, this is the simplest form for defining using a centralized exchange, for now, you can always take off your asset from them.


Make use of non custodial wallet, if you're having bitcoin alone, then make use of cold storage like hardware wallet or you can also use electrum wallet.


When you have the control over the private keys to your wallet, they are safe, also when you maintain privacy with those keys with you alone, you're more safer.

Since Ledger started messing with storing keys in the cloud, Trezor became much safer.
There's a lot of decent hardware wallets to choose from like Blockstream Jade, Ngrave Zero... Choose the one that you like and can afford. Some people will like easy to use big screen wallet like Ngrave, some will choose small and simple like Jade.
Cheaper hardware wallets will cost you around $100, so it's not a lot of money spent on security, especially if you hold more than 1 bitcoin.

If you really mean safe you need either cold storage (but that's not that easy to configure properly and use), either hardware wallet.
Even a simple USB stick can do wonders for safe keeping/safely handling your coins... if you have the knowledge for it. But since your money is at a centralized exchange... let's go for a faster and easier route: hardware wallets. They have a big range of prices, it widely depends on how many altcoins you also have and how much you want to pay for the HW. There are plenty of reviews around, you already got a good number of answers.

I want to emphasize something else: it's not enough to just get a safe wallet. It also matters how you store the seed, it matters what other things you do (it's easy to think HW is extremely safe, but you use it with a seed generated online, ie unsafe, or not paying attention to the transactions' addresses and get your money stolen by a clipboard malware).
So take your time and try to learn a little more.

Others have talked about good software wallets, you can choose from some of the suggestions above but like me I always use the PC and mobile versions of Electrum available.

To keep crypto safer, especially bitcoin, use a hardware wallet, myself Trezor model one is safe enough for me to store bitcoin assets there in the long run, I also have a Satochip cold wallet in the form of a card but it is only limited to a collection, maybe it will be used too.

If you are concerned with security then you must be willing to spend a little to buy a cold wallet.

Electrum (for PC) and BlueWallet (for mobile devices). Right now I am also in the process of installing Bitcoincore, and the process is only 11% synchronized (when this post was made). Maybe I'll use Bitcoin core about 2 or 3 weeks later.

The safest way to store cryptocurrency assets is, never let other people know the seed phrase or private key that binds your wallet. Keep it off the internet as much as possible and never let anyone know where you store your keys.

Some people use paper to write their seeds, or some people engrave them on iron plates to make them safer from fire and water ....and store them in their secret lockers. It all depends on each individual, even if the balance you have is very small, at least you can start to be disciplined in securing your wallet in a slightly more thorough manner.

If you're taking your first steps with Bitcoin, it's best to use Electrum as a start. You're aware that keeping your funds on exchange is no good and that's why it's a good move that you start to look for better wallets for safe keeping.

Once you can afford to purchase a hardware wallet, that should be your next step because as you can see, everyone is telling you that it's best to have a hardware wallet and that's no doubt.

Most of us here own one for the cryptos that we're holding especially Bitcoin.

In my opinion, there is no best because all wallets have their own advantages and disadvantages, and it all depends on your needs to choose which wallet is suitable and suits your needs.
And to anticipate undesirable things such as fraud and hacking that occur with Bitcoin and other cryptocurrencies, it is important for you to protect your assets by using a reliable cold wallet. so it's also important to take proactive measures to protect your assets from things that could harm you that you have to think about first, and in my opinion the best wallets by far are Trezor, Ledger Nano, KeepKey, Electrum, and Coldcard Wallet. And I think they're all great options that offer advanced security features and a user-friendly interface.

I've been using a Ledger Nano X for about two years and I think it's very good.

You can access the official Bitcoin website and choose which wallet best suits your custody strategy.

https://bitcoin.org/en/choose-your-wallet

But one thing is certain, never leave your money with cryptocurrency brokers.

Ledger is not a good choice if you care about your privacy. Also its secure element is close source.

Only trezor is better. For bitcoin-only wallet, Passport has been the best because it is open source. Use Passport with Sparrow wallet is good.

Sparrow is only having desktops versions. But Electrum and Bluewallet are both having desktops and mobile versions. Electrum is not having iOS version. Bluewallet is not having Windows version.

Electrum is recommended but the security depends on how you use it. Do not expect it to be safer when you use it as an online wallet compared to when you use in on an airgapped device as a cold wallet. Also the security is increased if you use it as a multisig wallet.

Bitcoin: Ledger/Trezor + Electrum (BlueWallet for hot wallet)
Ethereum: Ledger/Trezor + MetaMask/Rabby (Rainbow for hot wallet)
Solana: Ledger + Phantom (Phantom/Glow for hot wallet)

Never used Tron so no I can't really recommend anything.

Cold wallets are the safest place to store crypto assets. I personally use the Trezor hardware wallet to store crypto assets, and Electrum which I installed on my mobile phone (Electrum is known to be safe according to several members here). Apart from that, I also use a trust wallet on my mobile phone. I specifically use this wallet for airdrops or trading on dex related to altcoins, but recently many people have said that trust wallets are not safe, and have the potential to lose crypto assets due to scamming.

If you want to find some references regarding OP's wallet, you can open the wallet software child boards here: https://bitcointalk.org/index.php?board=37.0
lots of interesting and useful reviews there.

Binance is a centralized exchange in which you do not have full control of your asset, should anything happen to the platform your funds will be lost, there are also other restrictions that exchanges have. Using an exchange to keep funds is like leaving your stuffs in a marketplace.

The best form of holding or storing your coins is to be your own bank that’s keeping your funds in self custodial wallet, there you have your wallet keys to yourself; not your keys not your coins.

Now there are many type of custodial wallets but the best is the open source wallets and also an offline wallet like an hardware wallet or an airgapped wallet set with any software wallet.

Here is break down of wallets and categories you can choose from


For privacy: use bitcoin core and run your own node.

For cold wallet; you can use hardware wallet (Trezor or passport) or an airgapped device with electrum as the wallet

For hot wallet: use electrum, BlueWallet and Sparrow (they have both mobile and desktop versions)


Also it is worth mentioning that the even after making a choice of wallet one important thing is how you keep your seed phrase or private key safe, a good and safe wallet is complimented by keeping the seed safe and secure by backing them up offline and secure from physical theft.


Ledger currently isn’t a good option for an hardware wallets, I will advice OP to stay away from it

To leave your funds no matter how small on any exchange is not advised because it could be hacked away.
An electrum wallet is good, just like Trezor or ledger wallets. The thing to keep in mind and as a secret would be the seed phrases which are the keys to the wallet.

Also, for most signature campaigns on this platform, a good wallet will ensure your steady pay without hiccups and one can HoDL BTC as a strategic investment for a long duration on a good wallet like electrum too.

Ledger or Trezor are not bad, and above all they are better than leaving your funds in Binance, but they implement anti-privacy policies and ledger is mostly poop. Passport is better but it is more expensive than the cheaper Ledger or Trezor models.

The choice between less bad and cheap would be the Trezor model 1.

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 

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.