Topic: What is best wallet for long term bitcoin holding? - page 2. (Read 4176 times)
Trezor is not a buy and sells a platform like Coinbase. Instead, it is simply a place to store your Bitcoin. Trezor is a physical device that plugs into your computer, tablet or phone to access your money. Trezor works with a variety of currencies and acts as a password manager, two-factor authentication device, and other useful features. This provides several protection measures against passwords. Losses and equipment are lost, but you should learn from the sad lessons of others and ensure that never, ever happens. The special point of this digital Bitcoin wallet is to keep others from stealing your Bitcoin, so this is the best option for security if you intend to store btc for a long time.
If one is willing to spend a good amount of money, a hardware wallet is definitely a good choice to store your bitcoin for a long time. Among the best rated and reviewed hardware wallet is available on the market easily.
Though the free option of keeping your bitcoin either on your computer or on the exchange with 2FA security enabled is not so bad, the hacking threat is there especially on exchanges.
So it is best to keep your bitcoin offline as much as possible should you wish to keep it safe for a very long term.
Though the free option of keeping your bitcoin either on your computer or on the exchange with 2FA security enabled is not so bad, the hacking threat is there especially on exchanges.
So it is best to keep your bitcoin offline as much as possible should you wish to keep it safe for a very long term.
There are many options here. Depending on the time they want to store and the purpose of the job, the investor will select the most suitable purse. But for long-term and large-volume bitcoin investors, I think they would choose hardware wallets to minimize the risk.
Hold your Bitcoin in a hard wallet wallet, like the Ledger.
Hardware wallets have major advantages over standard software wallets:
- private keys are often stored in a protected area of a microcontroller, and cannot be transferred out of the device in plaintext
- immune to computer viruses that steal from software wallets
- can be used securely and interactively, private keys never need to touch potentially-vulnerable software
- much of the time, the software is open source, allowing a user to validate the entire operation of the device
As with most things, there are disadvantages and you can find these on Bitcoin Wiki https://en.bitcoin.it/wiki/Hardware_wallet
Hardware wallets have major advantages over standard software wallets:
- private keys are often stored in a protected area of a microcontroller, and cannot be transferred out of the device in plaintext
- immune to computer viruses that steal from software wallets
- can be used securely and interactively, private keys never need to touch potentially-vulnerable software
- much of the time, the software is open source, allowing a user to validate the entire operation of the device
As with most things, there are disadvantages and you can find these on Bitcoin Wiki https://en.bitcoin.it/wiki/Hardware_wallet
What is best wallet for long term bitcoin holding? I want to choose one wallet for bitcoin holding. Which one is best and have no bugs and problems? Which one is worse? Which one is easy to instal and easy to use. Which one you just prefer for long term holding.
I used to use ledger to store bitcoin for a long time and I recommend not storing bitcoin for a long time on the exchanger.A desktop wallet is also good but it should be offline and away from internet connection to prevent malware and viruses enter your system and hack your precious Bitcoin hodlings.
Correct, it is not recommended to store Bitcoin on exchangers for a long period of time because it is too risky and if the exchanger got compromised your funds will surely melt in an instant.
There are cold wallets (hard drive) and hot wallets (connected to the internet).
I don't reveal a big secret to you saying that for long term holding you need to choose cold wallets. it's pretty safe. The market's full of them, make a research to choose what wallets is best suited for you
I don't reveal a big secret to you saying that for long term holding you need to choose cold wallets. it's pretty safe. The market's full of them, make a research to choose what wallets is best suited for you
I recommend Blockchain.info, it's very safe and reliable, even though the fee is high, but until now we seen the level of security, the security is very high and guaranteed and always updated, I really like it and recommend Blockchain.info 
Obviously coinbase is the most important and secure wallet for long-term bitcoin holding because coinbase having strong protection of bitcoin hacking. So I like and use coinbase for bitcoin holding.
coinbase is shit, it doesn't work in asia lol electrum is the best
What is best wallet for long term bitcoin holding? I want to choose one wallet for bitcoin holding. Which one is best and have no bugs and problems? Which one is worse? Which one is easy to instal and easy to use. Which one you just prefer for long term holding.
brain wallet google it
but pick something random that you can rember
example -> i bought bitcoin at 5304$ on tuesday drinking bnana shake with ice cream #@$$
Obviously coinbase is the most important and secure wallet for long-term bitcoin holding because coinbase having strong protection of bitcoin hacking. So I like and use coinbase for bitcoin holding.
There are a lot of companies offering electronic money storage applications and services in general and Bitcoin in particular, so it's inevitable that there are too many options. In my experience, if you If you are using a wallet, you should use a wallet or a wallet. If you plan to store it for a long time, you can use the wallet. use a Blockchain wallet or a cold Trezor wallet, depending on the purpose of choosing the right bitcoin purse.
for long term, you should use a good hardware wallet or paper wallet, but if you like online wallets, you may try coinbase.
What is best wallet for long term bitcoin holding? I want to choose one wallet for bitcoin holding. Which one is best and have no bugs and problems? Which one is worse? Which one is easy to instal and easy to use. Which one you just prefer for long term holding.
I used to use ledger to store bitcoin for a long time and I recommend not storing bitcoin for a long time on the exchanger.
I am comfortable with imToken.
Exodus is a type of electronic wallet software installed directly on a personal computer to store secure digital currency and high security. The Exodus has a very user-friendly platform that is accessible to individuals seeking to create wallets, the Exodus. The company said: You can download the application and use it to store and manage your coin. A versatile wallet that is capable of storing or transferring to multiple coin. Using ShapeShift with one click you can perform any transaction you want and on there direct chart to track your total asset value.
What is best wallet for long term bitcoin holding? I want to choose one wallet for bitcoin holding. Which one is best and have no bugs and problems? Which one is worse? Which one is easy to instal and easy to use. Which one you just prefer for long term holding.
I used to use ledger to store bitcoin for a long time and I recommend not storing bitcoin for a long time on the exchanger.
I think the best wallet for holding bitcoin is coinbase wallet.
I use my best wallet in my wallet and save it on my cellphone.
What is best wallet for long term bitcoin holding? I want to choose one wallet for bitcoin holding. Which one is best and have no bugs and problems? Which one is worse? Which one is easy to instal and easy to use. Which one you just prefer for long term holding.
In my opinion the best and safest wallets are hardware wallets. I recently got a Ledger Nano S and I really like it, especially since they released the desktop app, in this way I don't have to go through Chrome anymore.
In my opinion, for big trading and HOLD bitcoin for a long time, I suggest you to use a "cool wallet". This is because it is better to have a long term cryptocurrency. Among the cool wallet examples are Wallet Paper and Wallet Hardware. However, this wallet is not suitable for all types of crypto investment. I recommend using paper wallet for long-term HODL-based crypto investment.
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