What is a good wallet I can use to store Bitcoin?

Z-tight

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Quote from: FahriZah on March 20, 2023, 12:13:22 PM

Actually This Is Very Important Question Topic And I Hope This Questions Answers Very Difficult By The Way I Always Suggests Good Wallet To Store Your Bitcoin BTC I Think Better To Use Safety Blockchain Wallet And Coinbase And If Thinking Little Trade Sometimes Than You Can Use Binance And TrustWallet.

Using an exchange as a wallet is not recommended, same as closed source wallets that the code can't be verified to know how the keys are generated or if the developers are doing anything shady. Trade on exchanges and move your funds into your self custody through open source wallet like Electrum and Bluewallet, they are both recommended. You should also back up your seed phrase properly, but even Electrum and Bluewallet are both hot wallets, but you can either set it up as an offline wallet on an airgapped device if you like, or you buy a hardware wallet, that's it you want to hold a huge amount of BTC for long term.

Quote from: thecodebear on March 30, 2023, 01:52:09 AM

Are you just holding long term? Because if so you don't even need a wallet. Bitcoin isn't stored in a wallet, it's stored on the blockchain. A wallet is just the software app you use to make transactions. If you're just holding long term, ie cold storage, just make an address and send your bitcoin you bought to the address and keep the private key and the address somewhere like a paper wallet. No need to download anything until you want to move that bitcoin.

This is in form of a paper wallet, but it is not recommended for newbies who don't have so much Bitcoin knowledge like OP. But to generate the address and seed, OP still needs a wallet and a good one too to be sure of the keys. If OP deletes the wallet software afterwards and writes the keys out, they have one less backup, the wallet software they use can be used as a backup to gain access to their funds if they lose the seed phrase or keys they wrote on paper.

thecodebear

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Quote from: LSDadventure on February 27, 2023, 10:13:15 PM

I was introduced to LSD but I am more interested in buying Bitcoin first.

Many of my friends told me to use Blockchain wallet but one of them told me that is not a good wallet. He told me to buy a hardware wallet but I don't have money to buy it.

What wallet to use if not Blockchain wallet?

Are you just holding long term? Because if so you don't even need a wallet. Bitcoin isn't stored in a wallet, it's stored on the blockchain. A wallet is just the software app you use to make transactions. If you're just holding long term, ie cold storage, just make an address and send your bitcoin you bought to the address and keep the private key and the address somewhere like a paper wallet. No need to download anything until you want to move that bitcoin.

Ayers

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Quote from: FahriZah on March 20, 2023, 12:13:22 PM

Actually This Is Very Important Question Topic And I Hope This Questions Answers Very Difficult By The Way I Always Suggests Good Wallet To Store Your Bitcoin BTC I Think Better To Use Safety Blockchain Wallet And Coinbase And If Thinking Little Trade Sometimes Than You Can Use Binance And TrustWallet.

The 4 wallets you introduce are all quite popular wallets in the market, but all 4 wallets have the same drawback they are all centralized wallets, which means you don't have full control of your assets when stored on them. Only trust wallets are non-custodial but are closed source, so it are also not more secure than other wallets. If you don't have enough money to buy a hardware wallet, use an open source non-custodial wallet like Electrum which most people recommend. Using the above 4 wallets is no problem, but they should only be used to store small amounts, and we should be careful from where rather than waiting until it's too late.

BTCBroker2016

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I'm using Ownr wallet, pretty simple for new users

FahriZah

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Actually This Is Very Important Question Topic And I Hope This Questions Answers Very Difficult By The Way I Always Suggests Good Wallet To Store Your Bitcoin BTC I Think Better To Use Safety Blockchain Wallet And Coinbase And If Thinking Little Trade Sometimes Than You Can Use Binance And TrustWallet.

bettercrypto

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Quote from: LSDadventure on February 27, 2023, 10:13:15 PM

I was introduced to LSD but I am more interested in buying Bitcoin first.

Many of my friends told me to use Blockchain wallet but one of them told me that is not a good wallet. He told me to buy a hardware wallet but I don't have money to buy it.

What wallet to use if not Blockchain wallet?

Your friend is right, a hardware wallet is better if you can afford to buy it. Due this was proven and tested already to those who used it.

But since you can't buy it yet, I suggest that you should use Electrum, after all it is available on desktop or laptop, Linux or mobile apps. Just secure your private key, seed phrase and password well.

kelechi

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I would suggest to try Ownr wallet especially mobile version

AicecreaME

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I've been using Electrum for a long time already and it's good. You can create multiple Bitcoin wallet, I suggest the segwit address for cheap Bitcoin transactions, though you can edit how much you're willing to spend for a certain bitcoin transaction. Obviously, the higher the fee the fastest it could be confirmed and received.

Sweetbtc

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Quote

I am more interested in buying Bitcoin first.
He told me to buy a hardware wallet but I don't have money to buy it.
What wallet to use if not Blockchain wallet?

If you are willing to buy btc and don't have a hardwallet then the cheapest and easiest wallet is safepal which I think is a very secure hardwallet.The second thing is that if you want to buy bitcoins, you should have enough capital for it, because the price of bitcoins is in thousands of dollars. You should have enough capital to buy a hardware, if you buy a safepal wallet for fifty dollars, your thousands of dollars will be safe.And it wouldn't be a bad deal to buy a $50 safepal wallet to keep your thousands of dollars safe.There are other wallets in the market but their prices are high, this is the cheapest wallet in this time.And it is also the best in terms of security.Holding your tokens inside an exchange is not secure at all and a hard wallet is a better choice in terms of security.

Gayong88

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Quote from: LSDadventure on February 27, 2023, 10:13:15 PM

I was introduced to LSD but I am more interested in buying Bitcoin first.

Many of my friends told me to use Blockchain wallet but one of them told me that is not a good wallet. He told me to buy a hardware wallet but I don't have money to buy it.

What wallet to use if not Blockchain wallet?

There are a variety of wallets available to store Bitcoins, depending on your needs and budget. Investopedia's "Best Bitcoin Wallets 2023" list includes Ledger Nano X as the best overall wallet, offering non-custodial security and a $149 purchase fee source https://www.investopedia.com/best-bitcoin-wallets-5070283

AmoreJaz

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Quote from: KiaKia on March 17, 2023, 05:04:47 PM

Quote from: ?? on ??

Plenty of free options to choose from..

Best crypto wallets in 2023

If you don't have a lot of funds to store, you can just go with one of the mobile wallets on there.

If you have a relatively high amount though, scrape the money together and get yourself a hardware wallet (a basic nano s is fine)

Watch the video on there.. John Mcafee explains why mobile wallets can be vulnerable. It wasn't until I heard his explanation that I fully understood why hardware wallets are superior.

This list consists of Trust wallet, Atomic wallet and Exodus wallet, but I believe that Electrum wallet is better than what you have on this list, aside from the hardware wallet Trezor and Ledger, you don't even have to buy hardware wallet like @Serveria.com said, if you can keep your recovery seed safe you won't run into any problem, I have been using Electrum wallet for a very long period of time and no single issue.

electrum is free and lightweight. no need of large hard disk space. i believe this wallet is one of the most go-to by small time btc holders. so long you know how to keep your privacy out from social media. you're good to go. a lot are getting screwed these days owed to the fact that most of them are disclosing their crypto activities over their social media platforms. making them a very good prey by scammers.
as much as possible, be discreet with your crypto dealings. no need to boast to the public that you know or hold some crypto. you don't know what other people are thinking about you. if you are just happy and contented about yourself, you won't be posting every single activity of yours in your socmed.

KiaKia

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Quote from: ?? on ??

Plenty of free options to choose from..

Best crypto wallets in 2023

If you don't have a lot of funds to store, you can just go with one of the mobile wallets on there.

If you have a relatively high amount though, scrape the money together and get yourself a hardware wallet (a basic nano s is fine)

Watch the video on there.. John Mcafee explains why mobile wallets can be vulnerable. It wasn't until I heard his explanation that I fully understood why hardware wallets are superior.

This list consists of Trust wallet, Atomic wallet and Exodus wallet, but I believe that Electrum wallet is better than what you have on this list, aside from the hardware wallet Trezor and Ledger, you don't even have to buy hardware wallet like @Serveria.com said, if you can keep your recovery seed safe you won't run into any problem, I have been using Electrum wallet for a very long period of time and no single issue.

serveria.com

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Quote from: LSDadventure on February 27, 2023, 10:13:15 PM

I was introduced to LSD but I am more interested in buying Bitcoin first.

Many of my friends told me to use Blockchain wallet but one of them told me that is not a good wallet. He told me to buy a hardware wallet but I don't have money to buy it.

What wallet to use if not Blockchain wallet?

You don't need a hardware wallet IMO. Just grab any reputable software wallet like Electrum. If you're on Android, there's an Android version as well. In fact, for small amounts you can just use any exchange/custodial wallet.

2girls

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If you don't have money to buy a hardware wallet, there are a few alternatives you can consider. You can use a software wallet like Exodus, Electrum, which are free and secure. You can also use an online wallet such as Coinbase, TrustWallet or Blockchain.info, But keep in mind these types of wallets are less secure than a hardware wallet.

Obari

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Quote from: LSDadventure on February 27, 2023, 10:13:15 PM

I was introduced to LSD but I am more interested in buying Bitcoin first.

Many of my friends told me to use Blockchain wallet but one of them told me that is not a good wallet. He told me to buy a hardware wallet but I don't have money to buy it.

What wallet to use if not Blockchain wallet?

I only recommend using a hardware wallet if the amount of con is relatively very high and the purpose of holding is for a long time,then it will be saver to use a hardware wallet but since you don't have the money to buy one, I think using a software wallet will be the best option for you but please make sure to use the decentralized ones such as TRUST WALLET and any other one you can think of but please avoid using the centralized wallets as it isn't safe and anything can definitely happen at anytime as the case with FTX was an evidence to the uncertainty with centralized exchanges and always remember to keep your seed phrase or private key very safe and private as not your key, not your coins.

Kryptowerk

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Quote from: LSDadventure on March 05, 2023, 10:55:45 AM

Quote from: Cuenta Alternativa on February 27, 2023, 11:02:34 PM

Do you mean the drug?

No drug. I didn't imply about drug and my friend didn't invite me to use drug.

Quote from: mk4 on February 27, 2023, 11:07:54 PM

I actually thought OP was referring to liquid-staking derivatives until I saw his username.

I actually were introduced about Liquid-Staking derivatives (LSD) but I were doubtful about future of these tokens and think I will get a safer investment with Bitcoin.

I will use Electrum wallet before having money to buy hardware wallet. Thank you everyone for your help.

A good choice I think, Electrum has been a very established open-source light wallet (meaning no full blockchain data needs to be downloaded) for many many years now.
However, make sure whenever you are prompted to update the software to check the hashes of the installation files with the ones from their official website. I remember there was an incident some years ago, where malicious software was spread via an update-prompt.

savetheFORUM

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Quote from: BTCBroker2016 on March 12, 2023, 11:18:45 AM

I'm using Ownr wallet for two years, have no problem with it

This is the first time I'm hearing about that wallet, and as a guess, I believe it's a web or mobile wallet, right? How much are your Bitcoins worth that you are storing in there? I would suggest you switch your wallet immediately. Use something like Electrum, which would at least allow you to have your private keys with you, and it is open-source and much more secure than these web wallets.

Even if it's a small amount, Electrum is your best bet. You can download the mobile application and use that to store your Bitcoins. Keep your seed phrase somewhere very safe and you should be okay. If your Bitcoins are worth much, you should consider buying a hardware wallet.

Maxre

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Quote from: LSDadventure on February 27, 2023, 10:13:15 PM

I was introduced to LSD but I am more interested in buying Bitcoin first.

Many of my friends told me to use Blockchain wallet but one of them told me that is not a good wallet. He told me to buy a hardware wallet but I don't have money to buy it.

What wallet to use if not Blockchain wallet?

I also think that you can go with the Binance or trust wallet and these wallets are good because they have lower feed and also a very high trust in the market and as we all know that Trust is a main key factor in the Cryptocurrency industry too.

Asuspawer09

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Quote from: redsun114 on March 06, 2023, 05:00:30 AM

Electrum maybe? That way you would know that you have your wallet with you all the time, and it would be protecting you as much as possible. Ledger is obviously the best choice, there is also trezor as well which is another hardware wallet, and there is metamask which is basically not for bitcoin but definitely for great tokens that you could use or even coins.

That is why I highly suggest metamask more than others, bitcoin can be saved in a million ways, but for coins and tokens using metamask is by far the best one. It doesn't even have your money, it is not a wallet, it is just allows you to use your money with better GUI that's it.

Totally agree, if you want a great bitcoin wallet online just used Electrum since it is just so easy to use and set up compared to other wallets and way secured instead of using exchanges or custodial wallets. Been using Electrum wallet for years starting in 2017 didn't really encounter any problems, the only thing is you just need to update the wallet every time it got an update since it didn't update automatically, but it's a good thing since the application was actually getting better over time in my experience.

Metamask overall was a great wallet in my opinion, especially for holding a lot of cryptocurrency and trading NFTs, etc. but you just need to be careful and be aware of things that you do in the wallet since there are way too many scammers and hackers trying to infiltrate your account in many different ways, and there are many people getting hacks in the past.

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Quote from: beerlover on March 13, 2023, 11:33:59 AM

Quote from: borovichok on March 13, 2023, 06:45:30 AM

Quote from: raidarksword on March 06, 2023, 05:40:54 AM

There are many apps you can try to store your first bitcoin and it's free as always. Just keep safe your pass phrase so that you can recover it anytime if anything happen to your phone. If you have much bigger budget just get a hardware wallet which is far better, safer and superior from non-custodial wallet apps.

There is more time to search for the ideal bitcoin wallet to utilize. Although Trust wallets are considered soft wallets and are only accurate and useful for bitcoin transactions, they are safe for storing Bitcoin. The security mechanism that keeps scammers out of soft wallets is a set of 12 secret key words, yet they still get in through phishing emails. Other than soft wallets, storing bitcoin in hard wallets is safer. Although there was a certain time this phase took place, Bitcoin made both pump and dump moves in the market.

I would guess that anything where people could open up your computer and steal your money is more than enough to be considered a safety risk. I think it would be a lot better if you could end up with something much more safe, such as hard wallets like trezor or ledger because they are a lot more better.

Someone could have your phone, your wallet, your computer and they would still not be able to hack into it and steal your money. That type of thing triumphs over everything else. This is of course for people who want extra security, like if you want to make sure it's safe and have a lot of money. I personally don't have enough to worry this much.

Actually it all depends on your needs, but what bitcoin wallet is the safest as long as the wallet is offline and which is still very reliable like a hardware wallet in my opinion is the Trezor Nano Ledger.
and in my opinion any wallet that is connected to the internet can still be hacked and this is what you have to watch out for so that unwanted things don't happen, especially large ones.
and also according to experts offline storage wallet is the best choice in terms of protection. To stay safe from hackers, viruses and malware, you can opt for a hardware wallet.
and there is also a bitcoin paper wallet. However, there is always a risk of theft, loss or physical damage.

Topic: What is a good wallet I can use to store Bitcoin? (Read 630 times)