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.

bitzizzix

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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.

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.

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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.

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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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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.

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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.

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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.

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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.

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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.

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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.

Outhue

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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.

sunsilk

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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.

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.

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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.

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.

worle1bm

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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.

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

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.

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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

Maus0728

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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

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.

LMAO. Definitely, it'll feel like you are going "to the moon"

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Quote from: Despairo on February 27, 2023, 11:07:14 PM

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.

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.

Lol.

mk4

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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

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.

Despairo

hero member

Activity: 1064

Merit: 843

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.

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

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.

Cuenta Alternativa

member

Activity: 182

Merit: 80

Don Pedro Dinero alt account

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?

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?

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.

LSDadventure

jr. member

Activity: 36

Merit: 2

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?

Topic: What is a good wallet I can use to store Bitcoin? (Read 637 times)