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,
After you download Electrum wallet on your smartphone make sure you right down the recovery seed in a safe location, I still have mine written on a stainless steel plate I took from the kitchen, I carved the whole words on the plate and put the plate in my wardrobe that has a key lock.
Topic: What is a good wallet I can use to store Bitcoin? - page 4. (Read 630 times)
While you're still saving for your next hardware wallet either Trezor or a Ledger, here are the desktop wallets that are recommended and known by most.
Those are good wallets but specific only to bitcoin so if by any chance you're looking for a multi wallet, they are only supporting bitcoin. Since you've mentioned Blockchain wallet, avoid most of the online wallets.
- Wasabi Wallet
- Electrum
- Bitcoin Core
Those are good wallets but specific only to bitcoin so if by any chance you're looking for a multi wallet, they are only supporting bitcoin. Since you've mentioned Blockchain wallet, avoid most of the online wallets.
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.
Blockchain wallet is not a good wallet if I should say my opinion too, but the wallet I can tell you also depends on what purpose you are holding for and what amount you want to hold. If you having low amount for frequent transaction, you can use Electrum.
If you want to hold big amount, either for long or short time, buy hardware wallet. If you can use cold storage it is safest too because the private keys are not online.
Be reading about how you can safe yourself from attacks even if you are using cold wallet, still be careful of malware.
You have already received the best advice of having hardware wallet to store your funds specially bitcoin but if you can't spend amount on them you can try non custodial wallet like Electrum with your seed phrases safely as if you lost it you will no longer have access to your funds.These are only best options to keep your funds safe with you instead of using any centralised exchange or close source wallets.
What wallet to use if not Blockchain wallet?
If you have enough funds and would love to own a hardware wallet then you should go for Ledger or Trezor those two are very good and secure.
But if you don't want hardware wallet then you can download Electrum, it has so many unique functionality and like signing and verifying signed messages and also multisig wallet. And another thing is that it's also available for both system and your mobile phone so you fit have to worry, if you don't own a laptop/computer you can still use the android without experiencing any issue.
Recommended wallets
Learn me a Bitcoin
[General] Bitcoin Wallets - Which, what, why?
Electrum is good if you don't want to buy a hardware wallet. With Electrum, you can use a single signature wallet that is less secured than multi-signature wallet and cold storage.
Creating a multisig wallet
Creating a cold storage wallet in Electrum
Learn me a Bitcoin
[General] Bitcoin Wallets - Which, what, why?
Electrum is good if you don't want to buy a hardware wallet. With Electrum, you can use a single signature wallet that is less secured than multi-signature wallet and cold storage.
Creating a multisig wallet
Creating a cold storage wallet in Electrum
Based on other members’ suggestions, you might want to choose an open source hardware wallet. Trezor is one of the most popular ones among bitcoin users. You can find a list of open source hardware wallets here: LIST of Open Source Hardware Wallets
If you have a limited budget, you can use a lightweight bitcoin client like Electrum[1] for desktop or Bluewallet for mobile. Just make sure you verify[2] the signature of electrum to avoid malicious software.
Another option is to set up an airgapped wallet with two separate devices: one online and one offline. This way, you can create, sign, and broadcast a bitcoin transaction[3] securely.But this approach is a bit complicated than the previous suggestions from above. Nevertheless, just pick the method that suits you best.
[1] https://electrum.org/#download
[2] https://bitcointalksearch.org/topic/guide-how-to-safely-download-and-verify-electrum-guide-5240594
[3] https://electrum.readthedocs.io/en/latest/coldstorage.html
If you have a limited budget, you can use a lightweight bitcoin client like Electrum[1] for desktop or Bluewallet for mobile. Just make sure you verify[2] the signature of electrum to avoid malicious software.
Another option is to set up an airgapped wallet with two separate devices: one online and one offline. This way, you can create, sign, and broadcast a bitcoin transaction[3] securely.But this approach is a bit complicated than the previous suggestions from above. Nevertheless, just pick the method that suits you best.
[1] https://electrum.org/#download
[2] https://bitcointalksearch.org/topic/guide-how-to-safely-download-and-verify-electrum-guide-5240594
[3] https://electrum.readthedocs.io/en/latest/coldstorage.html
I was introduced to LSD but I am more interested in buying Bitcoin first.
LMAO. Definitely, it'll feel like you are going "to the moon" I think you need to bought a hardware wallet at least you hold 500 dollars, hardware wallet is cheap, it's around $50-$100.
Yes, well, it can be 500, and it depends on the person and their economic capacity, but the general idea I think is clear. For small amounts he can use one mobile wallet or another. For larger amounts, be it 500 or 1,000, a hardware wallet is worthwhile.
Besides, it would be good if he could say what his plan is. Because if he plans to buy 50 dollars but to hold and he plans to keep buying 50 dollars every week, maybe he should use a HW from the beginning.
I actually thought OP was referring to liquid-staking derivatives until I saw his username.
Lol.
Grab a hardware wallet; preferably a Ledger or Trezor. Definitely don't cheap out on security.
- https://bitcointalksearch.org/topic/general-bitcoin-wallets-which-what-why-1631151
- https://cryptosec.info/wallets
- https://bitcointalksearch.org/topic/general-bitcoin-wallets-which-what-why-1631151
- https://cryptosec.info/wallets
Do you mean the drug?
I actually thought OP was referring to liquid-staking derivatives until I saw his username.
Blockchain wallet was actually known as a centralized exchange, but now they're create their own non custodial wallet and claiming they have no way to access it. The bad thing of this wallet is the source is closed and not many people give good reviews due to their scepticism.
If you don't have money to buy hardware wallet, at least you can use electrum or bluewallet, make sure you verify the signature and write down the seed phrase on paper.
If you don't have money to buy hardware wallet, at least you can use electrum or bluewallet, make sure you verify the signature and write down the seed phrase on paper.
It depends on the quantity. If you are going to have less than say 1,000 dollars or the equivalent you can use a mobile wallet or a custodial
I think you need to bought a hardware wallet at least you hold 500 dollars, hardware wallet is cheap, it's around $50-$100. I was introduced to LSD but I am more interested in buying Bitcoin first.
Do you mean the drug?
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?
What wallet to use if not Blockchain wallet?
It depends on the quantity. If you are going to have less than say 1,000 dollars or the equivalent you can use a mobile wallet or a custodial, but for larger amounts you should buy a hardware wallet, which is the safest way, but from what you say it doesn't seem to be large amounts.
If you want to store, say 50 dollars, download Mycellium wallet on your mobile or another similar wallet.
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?
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?
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