7 Must Have Wallets: How To Keep Your Cryptocurrency Safe
Here is the link: https://blockgeeks.com/cryptocurrency-safe/
Topic: What is best wallet for long term bitcoin holding? - page 9. (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.
What type of wallet you want to use depends on the way you want to use them.If you-want to spend Bitcoins;use hot wallet (resembles physical wallet).
-for short term investment ;use warm or cold wallet.
-if the goal is security;use hardware or desktop wallet.
Trezor. It's worked really well. Highly recommended. They give you a sheet to write down your recovery seed/phrase so that in the event your Trezor is lost/not supported in 30 years/whatever, you can easily recover your wallet by entering the phrase into any popular wallet service.
Any wallet with phrase recovery and paper wallet, either one of the two is best ,just make sure you keep your pass phrase very well, that includes private keys,by doing this even till twenty years later your Btc will be safe.
There are two knids of Wallets They are known as Hot and Cold wallet
What is Hot Walllet - Private keys stored on a wallet connected to the internet are vulnerable to network-based theft. These wallets are known as hot wallets.
What is Cold Wallet - Keeping a reserve of Bitcoins/ALTs offline is called Cold Storage and those walllets are called Cold Wallet For example Desktop wallet, Ledeger wallet and TREZOR Hardware wallet
The most reliable method of storage is traditionally considered cold storage.
Recently I download a Cold storage wallet that is Desktop based and I was amazed with the features provided in this wallet. If you would like to know more you should read this article written by me:
https://medium.com/@pakhitheboss/top-3-features-of-atomic-multi-cryptocurrency-wallet-2cbb5eb3c172
What is Hot Walllet - Private keys stored on a wallet connected to the internet are vulnerable to network-based theft. These wallets are known as hot wallets.
What is Cold Wallet - Keeping a reserve of Bitcoins/ALTs offline is called Cold Storage and those walllets are called Cold Wallet For example Desktop wallet, Ledeger wallet and TREZOR Hardware wallet
The most reliable method of storage is traditionally considered cold storage.
Recently I download a Cold storage wallet that is Desktop based and I was amazed with the features provided in this wallet. If you would like to know more you should read this article written by me:
https://medium.com/@pakhitheboss/top-3-features-of-atomic-multi-cryptocurrency-wallet-2cbb5eb3c172
Interestingly, there are several wallet to hold your bitcoin. Some of which I am not even aware of. However, there is wallet in the form of an app which I would revommend to you. I have use it for sometime now and I see it to be a good wallet to store bitcoin for a longer period. Mycelium app wallet is the answer to your request. Go to google playstore and download it onto your smartphone and keep your bitcoin within your fingertips.
actually all the wallets are good for storing your assets for a long time as long as you don't lose or hack your private key, but I prefer to have a wallet hardware like Trezor or Ledger and many have recommended using this wallet
The blockchain is the best wallet for long-term bitcoin holding. As well hardware wallets are the safest and unhackable. With the use of hardware wallet, you can keep your bitcoins safe from hackers.
Go for open source bitcoin wallet, wallet that you owned the private key,s like coinomi or jaxx wallet, they can be in your mobile phones, or if you want much safer, go for hardwallet. Never put your bitcoins to the exchanges wallet, because it is too risky.
for a long-term hold, I think you can try the hardware wallet or the paper wallet, because it will more secure than the online wallet, why? in online wallet we can see that we can get the scam and the hacked account on it, but for hardware walle and the paper wallet it is very safe because it works offline
in my opinion, yes it can be as a safe storage. but it's safer that we keep it in the hardware wallet. if stored in an online wallet sometimes there are smart hackers to hack our account. 
I think the best wallet to hold long-term bitcoin is a wallet that has a strong security system. Like a bitcoin core wallet and a ledger wallet. I think it has good power to secure your bitcoin for the long term.
Trezor is the first preference for holding the bitcoin and many other coins. you can keep safe trezor wallet key at your place and also recover the wallet after the lost of trezor. And offline wallet is the second option for safe the bitcoin, in this case you have to save the wallet file at the safe place, other wise you will loss your bitcoin.
for me the wallet that lasts for bitcoin holders blockchain wallet because it's important for everyone to be the private key that we only know for the avoidance of the scammer
My preference for BTC wallet is a hardware wallet, specifically, Ledger Nano S. It is simple, affordable, lightweight, and incredibly secure. I have been storing my funds there since last year and I am planning to store it for 3-5 years, or until I retire. Long term storage is important for you to not be easily tempted to make decisions based on emotions.
for a long-term hold, I think you can try the hardware wallet or the paper wallet, because it will more secure than the online wallet, why? in online wallet we can see that we can get the scam and the hacked account on it, but for hardware walle and the paper wallet it is very safe because it works offline
There are many wallets available at the moment on Computer, android and ios but trust factor is mandatory in order to choose one for saving bitcoins.
I would suggest you to use Blockchain.info if you want to save your bitcoins online but if you had hardware wallet than it would be great for you.
I would suggest you to use Blockchain.info if you want to save your bitcoins online but if you had hardware wallet than it would be great for you.
The best bitcoin wallet are the bitcoin core, KeepKey hardware wallet, electrum wallet and trezor wallet. These are the wallet I can recommend as a better way keeping bitcoin safe. Mind you, you also need to be extra caution either when you're online.
Electrum is another good wallet where transaction fees are very lower as Segwit address is upgraded. The fees can be adjusted choosing blocks. The maximum transaction fees do hit only 1.3 dollars. Another best wallet for adapting all new coins is MyEtherWallet.com. Its so secured with phrase words. Though its bit hard to keep the words safe, its being the best secured. We have other good wallets like, blockchain.info and greenwallet.
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.
For four years now i am using my local bitcoin wallet and until this moment this gave me no trouble,i dont know if you have one in your region the same as what i have but trusting a wallet is trusting your future also.
If were in same country i would suggest you Coins.ph or polionex
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.
Base on my understanding about long time holding of Bitcoin, I wish choose blockchain wallet base on it security
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