What is a good wallet I can use to store Bitcoin? - page 2.

beerlover

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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.

borovichok

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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.

BTCBroker2016

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

coolcoinz

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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.
[/quote]

Quote from: pixie85 on February 28, 2023, 02:10:09 PM

Maybe it's liquid-staking derivative adventure Cheesy

Haha so it is liquid-staking derivatives adventure Cheesy

I don't know if you're aware, but when a "user" goes on adventure, he means tripping. If that wasn't intentional, your name would fit great on r/drugs.
Anyway, use Electrum. Had it for many years with no issues. I rarely even update it because I don't have time to verify the files, so I do updates maybe once a year and everything works fine. Not that you should do it like that, but it's an easy to use wallet, practically idiot proof, easy to recover and all that. If you don't want to buy a hardware wallet that's your best choice.

raidarksword

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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.

Smack That Ace

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Quote from: Inwestour on March 06, 2023, 04:15:07 AM

Quote from: pgbit on March 05, 2023, 08:48:11 PM

There are various wallet options to choose from, including desktop, mobile, and web wallets. While Blockchain is popular, it's important to research and compare before making a decision. Examples of alternative wallets include Electrum, Exodus, Mycelium, Bread, Coinbase, and Binance. Whichever you choose, always take necessary security measures like enabling two-factor authentication and keeping private keys secure. While hardware wallets offer the highest level of security, they're not mandatory, and you can upgrade in the future when you have funds available.

Why advise binance, do you mean that storing bitcoins on the exchange is a normal advice? Or the same Electrum, if it is installed on your work computer, a rather risky option.

Don't skimp when it comes to the security of your investment. Spend 70-100 dollars once and buy a hardware wallet and be calm. I am surprised when people keep thousands of dollars on exchanges, or on some dubious wallets, being stingy to spend relatively little, but when they lose everything, only then they buy a hardware wallet.

Never skimp on safety, these are too expensive lessons to learn on your own.

Hardware wallets are the perfect choice for storing bitcoins, but so far there are some countries that cannot buy hardware wallets because those countries ban everything about cryptocurrencies, so buying hardware wallets is extremely difficult.

$100 is not much if we use it in exchange for our safety, but sometimes we can't even buy it with money. Apart from hardware wallets, I think there are also some ways to protect bitcoins, I have a friend who can't buy hardware wallets, so he used an Electrum wallet with an old computer. That computer is only for performing a single task of storing bitcoins and is not connected to the internet. I think that's also a safe solution.

redsun114

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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.

Inwestour

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Quote from: pgbit on March 05, 2023, 08:48:11 PM

There are various wallet options to choose from, including desktop, mobile, and web wallets. While Blockchain is popular, it's important to research and compare before making a decision. Examples of alternative wallets include Electrum, Exodus, Mycelium, Bread, Coinbase, and Binance. Whichever you choose, always take necessary security measures like enabling two-factor authentication and keeping private keys secure. While hardware wallets offer the highest level of security, they're not mandatory, and you can upgrade in the future when you have funds available.

Why advise binance, do you mean that storing bitcoins on the exchange is a normal advice? Or the same Electrum, if it is installed on your work computer, a rather risky option.

Don't skimp when it comes to the security of your investment. Spend 70-100 dollars once and buy a hardware wallet and be calm. I am surprised when people keep thousands of dollars on exchanges, or on some dubious wallets, being stingy to spend relatively little, but when they lose everything, only then they buy a hardware wallet.

Never skimp on safety, these are too expensive lessons to learn on your own.

mailsats

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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?

If you don't want to spend money on a hardware wallet, I would recommend you download either Electrum or Sparrow ( verify the downloads )

make sure after creating a wallet, back up your seed words on a piece of metal

( I discovered the other day I had a couple dollars on my old Blockchain hot wallet, lol those were the days )

also, I am a big supporter of using the passphrase, as long as it is something you know you will never forget.

pgbit

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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 various wallet options to choose from, including desktop, mobile, and web wallets. While Blockchain is popular, it's important to research and compare before making a decision. Examples of alternative wallets include Electrum, Exodus, Mycelium, Bread, Coinbase, and Binance. Whichever you choose, always take necessary security measures like enabling two-factor authentication and keeping private keys secure. While hardware wallets offer the highest level of security, they're not mandatory, and you can upgrade in the future when you have funds available.

alik111

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There are many Bitcoin wallets available where you can easily store your BTC like Electrum Wallet and Trust Wallet. They are very safe wallet. You can use them undoubtedly. I think you can invest in Bitcoin by not buying a tezor wallet.

LSDadventure

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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.

tjtonmoy

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

What wallet to use if not Blockchain wallet?

I think if you are not able to buy one right now, you should use electrum wallet as I have heard it has good reputation. I personally use it too. A bit difficult to use at first, but you'll learn it eventually. But everything depends on how you use it. If you can use it in the proper way and have good security on your PC then I think there will be no issue.
And if you want maximum security, go for hardware wallet later on as soon as you can afford it. Or wait till you can buy one and then invest in Bitcoin.

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

Do you mean the drug?

I had the same thought. I was like what?

2double0

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Mycelium - https://wallet.mycelium.com/ (alike electrum, but not to that level)
Green wallet by Blockstream - https://blockstream.com/green/ (comes with multisig shield to help you protect yourself via 2FA)
Electrum - https://electrum.org/#home (lightest and easy to use)

There are various wallets available in the markets but these 3 are the most preferable (based on my opinion of course). You can also use paper wallets to store your btc but in instances where you want them to be stored for long time. Hardware wallets are however the best option, but till you manage some money for it, you may go for these online wallets.

BTCBroker2016

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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?

Choose non-custodial options. Ownr wallet looks good. I use it in many cases.

wxa7115

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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?

Since you claim to not have the money to buy a hardware wallet then you can put that on hold and not do so until you have the money, however it is important that you never forget about this as you may not think you have a lot of money now, but if you keep investing on bitcoin and we enter a new bull run you could easily get enough capital to justify the purchase of a hardware wallet.

And when it comes to the wallets you can download a good option is the electrum wallet, I have used this wallet for a very long time and it is very user friendly, which is a must for a newbie, and at the same time it is one of the most popular wallets out there, so you know it is as bug free as a piece of software can be.

tread93

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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 would always recommend using a ledger cold storage wallet. Only purchase directly from the manufacturer in Paris, France. Avoid storing any of your coins online unless it’s $100 or less

CryptoBuds

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Quote from: Oneandpure on March 01, 2023, 09:31:27 AM

No matter if you don't have money for purchasing hardware wallet with values about $60 until $100 depend on kind of hardware wallet like Safepal latest price I bough with $60. I think if you interested for investing in Bitcoin not worry without have hardware wallet because decentralized exchange market account still safe for holding your assets until you have money to buy hardware wallet.

Before having hardware wallet, I hold and save my cryptocurrency assets on several exchange market from Huobi, Kucoin and ever hold few years in Poloniex exchange market. There are not problem when holding in exchange wallet account due your wallet data keep securing and not publish to the other.

I didn't know that safepal has such affordable wallets as well, a friend of mine just bought a trezor cold wallet for just $80, including shipping. I find this cost not too expensive for the safety of our property. Everyone should spend a little money to buy it, don't let when we lose a few hundred dollars to several tens of thousands of dollars, we will regret it more.

Kucoin and Huobi are also the oldest exchanges on the market, but there is no guarantee they will exist in the future. With what happened with FTX, we should stop storing assets on centralized exchanges.

decodx

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Yeah, I totally agree! It's like, you don't have to be a genius to buy bitcoin or any other cryptocurrency, right? Just a basic understanding of how it works and how to keep it safe is enough to get started. And that's why I think it's great that OP came here to ask for advice. We're all here to help each other out, after all!

As for choosing a wallet, I'd suggest going for one of the open source options that are widely respected in the community. Depending on what platform you're using, you'll want to find one that's a good fit. For a great place to start your search, I'd recommend checking out this link: https://bitcoin.org/en/choose-your-wallet.

blockman

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Quote from: taufik123 on March 01, 2023, 08:11:07 AM

Quote from: blockman on February 28, 2023, 06:58:05 PM

I've used Trustwallet and it also has bitcoin but I don't store my bitcoin there but only those excess altcoins that I've got. But based on my experience, it's also a good wallet to use. Before it was only supported in mobile apps, now they've got an extension browser app but I haven't used it yet.

As more and more support, and easier to access you need to be aware of any hacks that will occur.
There will be many phishing websites or extensions that will resemble the original.
Make sure the trustwallet remains safe and visit the official link.

That's so true and so sad that no matter how hard we try to remind others, there will be victims that won't be aware of the existence of those copycats. It's not limited to these browser extensions but also to the legitimate wallets that have been mentioned here, there were also copycats and will keep on going on so everyone who's looking with these wallets, always verify the source and check the link if it's the official or not. Someone can also rely to a website like this for reference. (https://bitcoin.org/en/choose-your-wallet)

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