Paper wallet, or wallet from the developer! It's a top priority for Bitcoin and altcoin at the moment!
When using a 3rd party wallet, you should consider before using it!
Topic: What is best wallet for long term bitcoin holding? - page 23. (Read 4128 times)
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.
The best wallet for me is bitcoin core. You can just download it on the official bitcoin.org site.
After you install the wallet in your computer, generate the address wallet, and start downloading the blockchain.
Then you can send your coins to your address, and just wait it few years later.
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.
If you want to hold your bitcoin for longer time than one can use Mycellium wallet. Other than that Zebpay can also be used of in a proper way for local investors It clearly depends on you, but i prefer to have all of my bitcoins on a safe and cold wallet, specially on a Ledger one, it is not risky and you are never going to be passing through innecesary risks because of holding your bitcoins. I suggest it to you.
Yes a lot of wallet out there so it depends in which wallet we are comfortable at, there is google wherein you can research all the things that you need to, and sometimes we should experience too and share with our friends all the bad and good wallet experience we encountered.
It clearly depends on you, but i prefer to have all of my bitcoins on a safe and cold wallet, specially on a Ledger one, it is not risky and you are never going to be passing through innecesary risks because of holding your bitcoins. I suggest it to you.
I think the most beautiful wallet book keeps the bitcoin for a long time. Both the safe and the piracy risk is very low.
For long term hold on Bitcoin I will suggest that you go for a cold wallet. By cold wallet I mean a wallet that you have all its keys and is offline. Coinbase is a hot wallet. If the term cold and hot confuses you just refer to Google. Cold wallets reserves your bitcoin and you won't be worrying if the is being held by a third party service. You can always come back and find your bitcoin so far you have your private keys with you.
I would prefer the traditional blockchain wallet for a long hold, because I don't want to be tempted to move my coin until it's upto what I really wanted as profit from the beginning
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.
As far as I know Ledger nano is one of the best and most secure wallet for holding bitcoin but I'm not the experienced user of it because I don't have any yet, my deals with alternative cryptocurrencies mostly. 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 recommend hardware wallet or paper wallet.Hardware wallet- generally being the easier of the two for someone not experienced in holding cryptocurrency. I use the Nano Ledger S which is easy to use and high quality but there are good alternatives out there.
Paper wallets- are considered one of the most secure wallets available. The process of generating new addresses and keys can be done online using BitAddress or any other Paper wallet provider.
Thank you all very much i think this information will be usefull for everyone
Now i think between Ledger Nano S or cold storage os some other good option.
Now i think between Ledger Nano S or cold storage os some other good option.
I think the most suitable wallet for storing cryptocurrency for bitcoin you can store it in blockchain.info while for ethereum you can store it in myetherwallet.
definitely, cold storage is the best option to store cryptocurrencies for long-term, by keeping your private key offline you're certain that it's intact from malware, you have 2 options to choose from, a paper wallet or a hardware wallet. Personally, I choose the second because it is more easy to use and if you happen to lose it no one can access your fund and you can bring them back by the recovery options, if you lose your paper wallet, everything is lost.
If you are talking about software wallets then Coinbase may be the wallet that will suit you, it offers great security and I think may be the best wallet out there right now, I highly suggest it for people who are looking forward to hold for a long period of time.
On the other hand, If you are talking about storing BTC at a hardware wallet then I think that Trezor may be the wallet that will suit you in storing your holdings, this hardware wallet costs about $99, while the Ledger Nano S (cheaper than Trezor) costs about $69, no difference around here but Trezor can be much more secured and can be reliable, though Ledger is also a good hardware wallet, but I think in my own opinion Trezor is better.
On the other hand, If you are talking about storing BTC at a hardware wallet then I think that Trezor may be the wallet that will suit you in storing your holdings, this hardware wallet costs about $99, while the Ledger Nano S (cheaper than Trezor) costs about $69, no difference around here but Trezor can be much more secured and can be reliable, though Ledger is also a good hardware wallet, but I think in my own opinion Trezor is better.
A hardware wallet or a paper wallet is the best option for long-term storage. Have a read of this thread in the Beginners' section which will give you more information: [General] Bitcoin Wallets - Which, what, why?
Thanks for suggestion. I have learned a lot. I use hardware wallet now because based on my research hard wallet cannot receive viruses and malware and also if you lose your hardware wallet you can still recover your coins. For more information. https://www.buybitcoinworldwide.com/cryptocurrency/wallets/
Electrum wallet is the best wallet to hold the bitcoin for long time. Its the safe and secure wallet to use. It is based on private keys so our funds should be very safe in this wallet. It provides two factor authentication is an additional feature for this wallet. It supports both mobile and desktop. This wallet is very user friendly to use .
Either a paper wallet or a hardware wallet. Personally I use the Ledger Nano S which is great, I can store the private keys for multiple different coins (with new ones being added regularly) and access them securely with the device. There's also Trezor which is very similar, I haven't used that one though so can't comment on how good it is, I know it gets good reviews though.
Basically you need something secure and durable (if going down the hardware route), if going with a paper/offline wallet then somewhere secure to store your private keys!
Basically you need something secure and durable (if going down the hardware route), if going with a paper/offline wallet then somewhere secure to store your private keys!
I think maybe it will have hardware wallet to hold BTC in the future
Well, there is no match for hardware wallet, it is the best for holding bitcoin for long-term. If you are looking for free wallet, then online wallet such as Blockchain.info or Coinbase would be the best. The other option is the desktop wallet Electrum which is also very good.
If you hold Bitcoin for a long time then I think you should hold Bitcoin in the wallet on blockchain.info. I think this is a very secure website. I believe hackers will never be able to attack blockchain.info and possibly steal your Bitcoin.
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