Topic: Wallet suggestions? (Read 526 times)

Since I am a mobile phone user, I prefer using non-custodial wallet apps. All these apps were tested and proven safe. I've been using most of these wallets since 2017 up until now. These are all the mobile wallets I am currently using;
Trust Wallet
Mycelium
Coinomi
BlueWallet
Green Wallet
Electrum

I would recommend Trust wallet. And Atomic wallet.

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(Steep learning curve)

Try first a big fat Chinese JINBAOLAI pig skin wallet with some notes and some coins and some debit cards. Prepaid.

Then Bitcoin becomes obsolete. In the moment.

Why pigskin you might ask. To which I reply. Don't worry. We use the whole animal.

The cards is for later use. Pay day is up! Cheers. (I get a passport and travel the world. Many regrets to to change)

You have got your answer mate , it is COLD WALLET or Offline wallet at least because you
wanted to keep safe your crypto but also try not to generalize the word cryptocurrency and Bitcoin
because you need to be specific .

Bitcoin wallet should be something not connected into internet any time because the more
you let it in internet connection is the more prone from hacking .

Exodus. Beginners wallet. The look alone restores the faith in crypto.

Don't tell people to just get a cold wallet, and that's the end of their worries, they need to be careful with cold wallet as well, they need to keep their cold wallet's recovery seed safe too. This is why some people believe that there is not much difference between software wallets and hardware wallet, people belief that with a cold wallet you shouldn't be keeping recovery seed since it can get lost.

Also don't recommend Ledger for people, because this wallet is a closed source wallet and it's past history since existence isn't good enough, although the company isn't to be blame for everything but still the closed source side is a big turn off for someone like me.

Trezor is a open source hardware wallet and that makes it better, I always recommend a airgapped hardware wallet to the people in my circle and outside my circle, because you don't need an internet to send coins using airgapped devices.

That depends on the cryptocurrency that you wish to hold. For Bitcoin, I would suggest using Electrum. It really is the best (or at least in the top 3) as rated by this community. As far as other cryptocurrencies go, you should avoid closed source wallets like Trustwallet (ironically one wallet that you should not trust). And avoid anything which is custodial. So as long as the wallet is open source, people can poke at it and find its weaknesses. To me, that seems a way better way of pentesting your code then getting vetted by some security audit company.

But a lot of people seem to strive toward Metamask.

In my own opinion I will tell everyone to do what handle be smart enough to know what exactly you can operate with because most people are just using a particular wallet because a friend is using it forgetting if they can handle the security of the wallet when something gone wrong why some of the smarter ones can use a wallet of any form of high security code because come rain come shine they will definitely remember their six or twelve phrases code  if you can't handle like this you better go for the once you know the security is not sophisticated that you can easily recall or do forgetting passwords because some crypto wallets doesn't have such opportunities for you when you lost your password or your phrase code

I know with these few point of mine I am been able to tell you the best wallet for you.. you can go ahead to search for a better and suitable wallet with the security level of your operation thanks

When it comes to wallet selection, you can only be specific due to the kind of device you are using because most person refer to be on mobile and when it comes to mobile version of wallet, I think the blue wallet or electrum mobile version is probably best and whatever wallet you use, keeping the seed phrase and the private key safe is the most important thing because this is Bitcoin and if you lose your keys so is your money lost forever, that means no password reset or forgotten password.

This isn't a stupid question at all; this is a very important question to secure your funds. Don't hesitate to ask a question if you don't know anything about something. As others suggested, the best practices always use hardware wallets. This is the safest way to secure your assets. If you don't have enough funds to hold or buy a hardware wallet, then you have to choose a wallet based on your current holdings. Also, when choosing a hardware wallet, you have to make sure what coins they support and whether they are open-source or closed-source. 

My desktop wallet software suggestions are: Electrum and Sparrow. Electrum if you simply want to have an airgapped computer which will be used to sign transactions (comes pre-installed in Tails OS). Sparrow is good at that, with the addition that it is supported by SeedSigner which I wholeheartedly recommend to acquire instead of a hardware wallet.

Both of which should connect to your full node first, of course.

Choose wallets that support your device OS.
Choose wallets that are non custodial.
Choose wallets that are open source.

After narrowing down the list like above, you need to read reviews of community, from their reproducible process of the wallet from open source code.

Pick one that looks best and it will be related to your need to run a full node, prune node or just a SPV wallet.

The first type will require higher capacity of hard wares on your device than SPV wallet like Electrum.

You can use Electrum wallet for single signature wallet, multisign wallet, cold storage wallet.
[GUIDE] How to Safely Download and Verify Electrum
Creating a multisig wallet
reating a Cold Storage wallet in Electrum

It's risky.
Reminder: do not keep your money in online accounts

Regarding some responds have recommended which one the best recommended wallet for saving your bitcoin fund you need looking for which one wallet are related and supported based on your mobile phone or your computer specification. Some recommended wallet need high specification with your mobile phone or computer, I think electrum is most recommended wallet for holding your bitcoin fund and there are not much problem with your computer specification not to high.

I used electrum for long term and not get problem when running with my computer as lower specification, its not get trouble and easily for accessing without have waiting longer process when first time opening. Actually best wallet for saving bitcoin depend with your assets want to hold long term or short term, if short term save in binance exchange is not really bad because you can trade there easily.

electrum wallet is fairly safe electrum wallet I use it myself you can use electrical wallet if you want. There are different types of BTC wallets in the market I find electrum wallet the most reliable so I use electrum wallet myself. Our wallet security should be considered first many times hackers hack our wallet so it is very important to keep our wallet well.

Blue Wallet if you don't like it to be complicated but if you truly want to be safe then it's a good idea to download an Electrum wallet, either on your phone or in your computer. That's the safest one right now. Here's the link to them so you know that you're safe. There's other wallets out there but in my experience, they've delivered what I expected them to deliver so I don't use any other.

Blue Wallet

Electrum

Electrum Website

I don't think you need to apologise to anyone for putting your own safety first, many newbies dont take take this step and end up losing their asset along the line.

You  can use different wallets based on usage if you deal or do more transactions daily or weekly, you can use a custodian wallet, not to store your holdings but for the purpose of selling or buying crypto, you know its risky to store your asset on custodian wallet cause of the risk of hacks and they have full control over your asset in your wallet and government mostly regulate them.

If you want to save or store your asset, it's best you use a hardware wallet and an open-source wallet like Electrum, which are non custodian and only you have access to your holdings and your private keys.

It is not recommended to store your assets on any exchange, including Binance, there are many incidents that have harmed exchange users, such as hacking or companies going bankrupt. As much as possible, you should get into the habit of storing crypto assets in a wallet that allows you to control the private keys.
To eliminate your confusion in looking for a suitable wallet to store your crypto assets, I recommend "Electrum" as a first step that is easy to use and understand how to use it for beginners. If you are still confused about how to use it, please go to this topic "[GUIDE] How to Safely Download and Verify Electrum [Guide]".

OP, you have started a good thread for discussion, Well in my honest opinion when we jump into the crypto Space, the very first thing which we need to keep in mind is that how much secure we are I mean is our funds are in a safe hands so that no hacker can compromise our wallet and funds. There are some tips I can give but I would also suggest you to do your own research after reading any of the suggestions here which may help you more to understand the crypto scamming environment.

When your device is linked to the internet and you are using some open-source kind of website and application which is really a big threat to your funds I would advise you to have a separate device and make it offline most of the time do not download any kind of open source website, do not use any open source software, do not click any of the unofficial and unnecessary links, in the separate device.  Connect it to the internet only at the time when you want to perform any activity. Besides all that you can buy a hardware wallet where your funds will stay secure and offline as well.

If you don't have too much crypto - just find a non-custodial wallet that supports your coins. If you have a lot - sell what can't keep the cold wallet, and take everything else there.

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.

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.

How so?  Airgapped Wallets are safer than all the three you have listed.

I didn't have the experience but there are stories shared in a local group in my country about this, they bought it at a vendor that's not the seller for Trezor and when they transferred all of their altcoins in there, they're surprised and saddened by the discovery that all the altcoins and NFTs stored in there is gone because they've somehow faked the anti tampering of the wallet to make it look like it's safe at first glance. I don't exactly know how these scumbags do it but they have a way of tampering it, iirc Trezor has a seed phrase right? They might've done something about that part. You don't need to worry too much, just buy it on the official store and you'll know that you're 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!

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/

https://bitcoincore.org/en/download/

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.

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.

For bitcoin I still use Electrum and Bluewallet and so far they are still quite safe and fine for me.
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 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.

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

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).

There's nothing to be ashamed of, we're all here to learn and to improve our knowledge.

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

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?"

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*

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.

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.

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.

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.