What is a good wallet I can use to store Bitcoin? - page 3.

panganib999

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

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.

Do you mean the drug?

No silly at least I think)! I think he's referring to liquid staking derivatives, which are pretty common on the Ethereum blockchain. which is actually a good thing if you'll ask me since this is a pretty new concept in the industry although there had been iterations of it in the past that didn't really blow off iirc.

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.

Dishing out a couple hundred dollars for a very secure wallet is one of the worthiest investment you will ever make in this industry, That being said I do think the best option he could consider are ones like Wasabi Wallet, Electrum, or other cryptocurrency wallets that aren't really tied to exchanges like the ones you listed above. With what's going on with them since late 2022 I don't think it would be wise for people to trust them with their hard earned money.

sunsilk

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Quote from: tbct_mt2 on February 28, 2023, 05:22:19 AM

Quote from: sunsilk on February 28, 2023, 03:06:44 AM

Wasabi Wallet
Electrum
Bitcoin Core

Both Bitcoin Core and Wasabi wallets are more heavily in storage space than Electrum wallet.

Electrum is my wallet if I don't mind about Coinjoin and privacy with Tor connection that will cause me to use Wasabi wallet or Bitcoin Core wallet. In Electrum wallet, you can use Tor too but it is less private than Wasabi and Bitcoin Core.

With Bitcoin Core, you can choose prune node option to reduce total storage space from the wallet in your disk.

Yeah, those two are heavier than Electrum as it's lightweight but between the two I like Wasabi more. At least if OP or someone chooses any of these wallets, they're all good to use.

It will only base on their preference but nonetheless, they're in good hands with all of these desktop wallets.

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

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 wouldn't suggest keeping it on any exchange. We all know that there were dramas and issues happening in exchanges and just a good thing that your funds that has been kept their for years were never affected.

Again, "not your keys, not your coins."

Oneandpure

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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.

taufik123

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Quote from: Rikafip on February 28, 2023, 06:24:06 PM

-snip-
Then again, I am sure that many think that if they don't have thousands of dollars worth of crypto that it doesn't make sense "wasting" money on HW. I had to learn that lesson the hard way as I bought mine after I lost almost everything 5 years ago.

have assets of thousands of dollars and still don't have a hardware wallet, of course they don't think about the security of these assets because they have never experienced their wallet being hacked. Hardware wallets are only around $50-$100 depending on the brand and current designs, and comparable to the security provided. You will certainly learn a lot from the events 5 years ago that made you lose these assets. You can imagine if these assets are still in your possession, you will probably have hundreds or maybe even millions of dollars.

I started using a hardware wallet when there was a safepal wallet airdrop that was hype, hardware wallet holders have top priority.
But now I never use it anymore, there are only a few bitcoin assets that I hold for the long term.

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.

blockman

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

What wallet to use if not Blockchain wallet?

That's it, first, don't use it because it's full of shit and bugs.

Quote from: taufik123 on February 28, 2023, 01:13:03 PM

In addition to electrum using Trustwallet and several non-custodial wallets for other altcoins.

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.
@OP, you've got the majority telling you mostly Electrum so I think that settles it and you've got now the choice that's being suggested by many of us, and count me into that one that suggests Electrum. Very lightweight and easy to use but before you download one, make sure that you get it from the official website because there have been reports in the past that they've downloaded it from an unofficial website which turned out to be a phishing site.

This is the official website of Electrum.

Quote from: Maus0728 on February 28, 2023, 12:10:09 AM

[1] https://electrum.org/#download

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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.

wtf?

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

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?

Before you use any wallet, check its integrity here:
https://walletscrutiny.com/

If you want a good hot-wallet (meaning not for big amounts that you want to save long term, but for a few bucks that you may pay for one or two Pizzas or a coffee) for a mobile device, I'd recommend Samurai wallet: https://samouraiwallet.com/
Secure, easy to use, high level of privacy and open-source.

For windows desktop, MACOS or Linux go with Whirlpool. Heard good things about it but haven't tried it yet.

Rikafip

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Quote from: Dakcrypto on February 28, 2023, 01:07:23 PM

I don't think you should be asking such a question here, I can see clearly your a beginner but you should have someone who introduced you to this forum and this question isn't relevant enough to create a thread

This forum is the best place to ask such questions so OP did the right thing by coming here and creating a thread.

Quote from: Dakcrypto on February 28, 2023, 01:07:23 PM

as a beginner you shouldn't be thinking of buying bitcoin, you should know the in and out of Bitcoin before indulging in Bitcoin activities

I don't think that's true either. You definitely don't have to know everything about bitcoin in order to buy it. Some basics like how to secure store it is enough for start and that's exactly what OP came for here.
.

Quote from: taufik123 on February 28, 2023, 01:13:03 PM

Because people think the best and safest are hardware wallets. But in reality, when they use a hardware wallet and are still careless, the hardware wallet can be lost and damaged. Hardware wallet security is indeed better than application wallets.

Hardware wallets are the safest option for majority of people (if not for all), but if someone says that he can't afford it at the moment, no point suggesting him that. Then again, I am sure that many think that if they don't have thousands of dollars worth of crypto that it doesn't make sense "wasting" money on HW. I had to learn that lesson the hard way as I bought mine after I lost almost everything 5 years ago.

dunfida

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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 could make use of electrum wallet which is non-custodial which means that you could possess the keys of your wallet which would be mainly needing it for you to have access unlike when you do make use of

costodial wallets like Blockchain.com which would really be totally opposite on what decentralized wallet means means.If you are really that earning a few and cant afford HDwallets then
electrum would be the best recommendation i would say.

There are several ones and you could also read up these threads if you do have time.
https://bitcointalksearch.org/topic/top-10-best-cryptocurrency-wallets-5130244
https://bitcointalksearch.org/topic/diffrent-types-of-wallets-all-have-to-know-this-2852255

SirLancelot

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Quote from: tbct_mt2 on February 28, 2023, 05:22:19 AM

Quote from: sunsilk on February 28, 2023, 03:06:44 AM

Wasabi Wallet
Electrum
Bitcoin Core

Both Bitcoin Core and Wasabi wallets are more heavily in storage space than Electrum wallet.

Electrum is my wallet if I don't mind about Coinjoin and privacy with Tor connection that will cause me to use Wasabi wallet or Bitcoin Core wallet. In Electrum wallet, you can use Tor too but it is less private than Wasabi and Bitcoin Core.

With Bitcoin Core, you can choose prune node option to reduce total storage space from the wallet in your disk.

I think that's because those two are more than just a wallet, especially that Bitcoin core. They are more used by the advanced users but if we are just a beginner and mid user then electrum is already a good choice. Not really familiar with coin join but is that similar to mixing coins? If so, we already have a similar service online.

We can just use them and pay them a little fee. In exchange, we still can save a lot of data's and storages in our devices if we use wasabi wallet. I don't know either if what is that LSD the OP is talking about but that sounds like an illegal drug lol but that was great that OP avoided it and choose Bitcoin instead.

pixie85

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

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

Do you mean the drug?

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

Maybe it's liquid-staking derivative adventure Cheesy

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.

I agree with you OP, LSD can wait, buy bitcoin first. There's always a good time to get high, but there's not always a good time to buy bitcoin.

Quote

What wallet to use if not Blockchain wallet?

Listen to your friend and buy a ledger or Trezor especially if you're holding more than 1000 USD because a wallet is just $100. Worth every penny.
If you have less than that or want to be a cheap bastard ( Wink

) just install Electrum and use that. I think that Electrum is the best free wallet on the market.

taufik123

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Quote from: Rikafip on February 28, 2023, 09:31:33 AM

I don't understand why people keep suggesting hardware wallet since OP clearly stated that he can't afford one at the moment moment.

Because people think the best and safest are hardware wallets. But in reality, when they use a hardware wallet and are still careless, the hardware wallet can be lost and damaged. Hardware wallet security is indeed better than application wallets.

Quote from: Rikafip on February 28, 2023, 09:31:33 AM

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

Many of my friends told me to use Blockchain wallet but one of them told me that is not a good wallet.

That one friend is right, blockchain wallets should be avoided. I've used it in the past and it caused me problems several times so in the end I ditched it.
For start, Electrum wallet should be a good choice as its non-custodial & open source and there are many guides for it in case you encounter some issues.

I also use a Non-custodial wallet and that would be a good recommendation. Open Source and can be developed by anyone. In addition to electrum using Trustwallet and several non-custodial wallets for other altcoins.

Quote from: Doan9269 on February 28, 2023, 01:03:30 PM

If you're considering money then you may not buy a hardware wallet because of the cost but it will be very advisible if you're holding a huge amount of bitcoin to ensurr you get one, also you can get for yourself an electrum wallet which you can have your keys secured in a safety place, it's free and you can download it from their official website, it's a cold storage wallet and make sure you don't use a centralized exchange.

everyone has different considerations and financial circumstances that are not the same as other people. while the OP can't afford it, maybe can't allocate to some hardware wallet and prefers to use a regular wallet like electrum which can be used for free. Security is your own responsibility, the use of any wallet will remain safe as long as the user can secure the seed phrase properly or store it in a place that is not accessible to other people.

Dakcrypto

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I don't mean any harm!
I don't think you should be asking such a question here, I can see clearly your a beginner but you should have someone who introduced you to this forum and this question isn't relevant enough to create a thread, as a beginner you shouldn't be thinking of buying bitcoin, you should know the in and out of Bitcoin before indulging in Bitcoin activities.
mind you answers has been given and if you really want to buy then you should consider one of the answer above stated by mates.
I will advise you to stay in the beginners and help to get more knowledge of Bitcoin because many people have seen this thread and ignore.
Thanks for understanding.

Doan9269

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If you're considering money then you may not buy a hardware wallet because of the cost but it will be very advisible if you're holding a huge amount of bitcoin to ensurr you get one, also you can get for yourself an electrum wallet which you can have your keys secured in a safety place, it's free and you can download it from their official website, it's a cold storage wallet and make sure you don't use a centralized exchange.

digaran

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🖤😏

Generate a strong key and store for long term, no wallet needed. For small amounts, use electrum and please buy bitcoin instead of drugs.

Rikafip

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I don't understand why people keep suggesting hardware wallet since OP clearly stated that he can't afford one at the moment moment.

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

Many of my friends told me to use Blockchain wallet but one of them told me that is not a good wallet.

That one friend is right, blockchain wallet should be avoided. I've used it in the past and it caused me problems several times so in the end I ditched it.
For start, Electrum wallet should be a good choice as its non custodial & open source and there are many guides for it in case you encounter some issues.

Rigon

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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 need a secure wallet to keep your investments safe. And currently the most secure wallet is the hardware wallet. Since you don't have the money to buy a hardware wallet, you have to find a medium. That's why you can use Electrum Wallet. But the wallet seed phrase must be kept very safe. So that no one can hack it somehow.

CryptSafe

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Well like it was said here by other posters, that the type of wallet you want to use in storing your assets depends on the volume of assets itself in terms of figure. Electrum is okay, trezor is okay to deal with bur if your are using other wallets aside, you can use the easiest you can handle so as not to have issues in the nearest future. Do well to save your key phrase where only you can assess at anytime you need to do so. Another thing i would advise you to do is to avoid clicking on links you have no idea about because of lately, hackers have been on the spree sending out random mails to potential victims so they could get details of their wallets to undo them by stealing their assets. Once their victim clicks on the linking, automatically the victim grants them assess to their system which becomes vulnerable to the hackers hence they steal your information. Storing your assets offline is a bit safe.

TravelMug

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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.

Not sure what LSD means and if it comparable to Bitcoin.

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

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?

Good wallet to hold your bitcoin is Electrum and or Hardware wallets.

If you used blockchain wallet or a wallet that you don't have control of the private keys, then that is not good.

Here is the official Electrum wallet website: https://electrum.org/#home

tbct_mt2

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Quote from: sunsilk on February 28, 2023, 03:06:44 AM

Wasabi Wallet
Electrum
Bitcoin Core

Both Bitcoin Core and Wasabi wallets are more heavily in storage space than Electrum wallet.

Electrum is my wallet if I don't mind about Coinjoin and privacy with Tor connection that will cause me to use Wasabi wallet or Bitcoin Core wallet. In Electrum wallet, you can use Tor too but it is less private than Wasabi and Bitcoin Core.

With Bitcoin Core, you can choose prune node option to reduce total storage space from the wallet in your disk.

Charles-Tim

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Quote from: Outhue on February 28, 2023, 03:27:32 AM

Download Electrum and use it for the time being only, I don't feel too confident with mobile wallets compared to hardware wallets, have it at the back of your mind and save up for a hardware wallet instead,

Electrum is not just a mobile wallet, even the desktop Electrum existed before the Android version and also far more better than the Android version. You may not know probably because you are using playstore to download and update it.

To know the OS that Electrum support and for download, this is Electrum official site: https://electrum.org/#download

Do you know advanced Electrum users that just want to hold bitcoin will prefer https://electrum.readthedocs.io/en/latest/coldstorage.html than hardware wallet? You can read more about Electrum cold storage, they are one of the safest means of holding bitcoin.

Topic: What is a good wallet I can use to store Bitcoin? - page 3. (Read 623 times)