What's the best cryptocurrency wallet that you can trust? - page 3.

leowonderful

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Quote from: designbuyers on July 19, 2018, 07:27:53 PM

Quote from: BitMaxz on July 18, 2018, 04:04:55 PM

For me, I think only hardware wallet is the best and trusted wallet nowadays but based on my own experienced I'm using coinomi wallet never had any issue using this wallet and I use this wallet for receiving mined coins and save it for many months before I send it to exchanges to sell my coins and I think this is good only as alternative wallet just don't put all your cryptocurrency in one basket and if you holding a large amount of coins better to use a hardware wallet like ledger nano s for your coins safety. But so far I trust coinomi wallet.

Never tried hardware wallet, is it linked to a website I do not know how even that works ... same like paper wallets ?

In the case of Ledger, you conduct payment using an app that Ledger has created, and in the event that Ledger somehow goes out of business, you can simply take the seed that you're supposed to write down and convert the BIP39/44 seed to a privkey and import the privkey- you then have a normal wallet. Some wallets also directly support the ledger wallet, so you don't even need to download any special Ledger software to use the wallet. The same applies for Trezor.

I personally keep two multiple Ledger Nanos and multisig paper wallets for best security, and I have also left instructions to access my BTC and alts in case I suddenly die; I feel leaving instructions to access BTC after you're dead is extremely important, as it is possible your BTC can just be lost forever after you die if you don't.

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Quote from: designbuyers on July 18, 2018, 12:33:24 PM

What's the best cryptocurrency wallet that you can trust?

Any wallet that lets you hold your privkeys, and has a decent history. It could be a hardware wallet like Ledger, or it could be a paper wallet that contains an encrypted private key of yours that you throw in a safe somewhere.

It could even be a open soucre desktop wallet client like bitcoin core or electrum, they are all pretty safe. They're not perfectly trust-less as people have said, but they are definitely way better than centralised providers.

The thing is that the chances of you getting hacked through one of these wallets is much lower than the chance of a centralised wallet service suspending your account or facing regulatory pressure to freeze your account balance, or simply going insolvent. Bitcoin's primary selling point is decentralisation and trustlessness. Use this to your advantage, and use wallets with which you hold your own funds with instead of having to trust a third party.

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Quote from: BitMaxz on July 18, 2018, 04:04:55 PM

For me, I think only hardware wallet is the best and trusted wallet nowadays but based on my own experienced I'm using coinomi wallet never had any issue using this wallet and I use this wallet for receiving mined coins and save it for many months before I send it to exchanges to sell my coins and I think this is good only as alternative wallet just don't put all your cryptocurrency in one basket and if you holding a large amount of coins better to use a hardware wallet like ledger nano s for your coins safety. But so far I trust coinomi wallet.

Never tried hardware wallet, is it linked to a website I do not know how even that works ... same like paper wallets ?

Quote from: mobnepal on July 18, 2018, 06:30:15 PM

Quote from: designbuyers on July 18, 2018, 12:33:24 PM

What's the best cryptocurrency wallet that you can trust?

Electrum to use as hot wallet in my phone.
Ledger Nano as cold wallet
Paper wallet for even better security and long term holding - ofcourse proper protection against water and fire needed Grin

Blockchain wallet to use occasionally when I am on desktop

Avoid using other web wallets and third party apps that claim to be bitcoin wallet but they are just payment processors like coinbase, xapo etc.

I saw they sell online PVC wallets ... yeah it's like credit card. but not sure as someone else might have a copy of it, do not you think?

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Quote from: OmegaStarScream on July 18, 2018, 01:18:52 PM

An open source wallet that give you control over your private keys. A wallet that doesn't give one of these things shouldn't be used, at least not for storing large amounts.

Of course, when it comes to security then there is nothing better then a hardware wallet since desktop/phone wallet are safe as long as your device is not infected.

Great, why do not you name one or suggest it ?

Quote from: harizen on July 18, 2018, 01:23:03 PM

Quote from: designbuyers on July 18, 2018, 12:33:24 PM

What's the best cryptocurrency wallet that you can trust?

Trust is an issue. It depends on your own taste and preference.

Basically hardware wallets are the one that must be considered for long term storage. Hit search for it.

But since I always do trades, I literally risking my funds from several exchanges for less hassle execution of my trades. What are those exchanges? It varies and we have might different views and experienced to it so I will leave this to you as your assignment.

The security of out wallet depends on how will you keep it secured. You really need to test some of them on actual and see if it will meet your criteria of giving them trust.

True .. I know but the thing is we can't all download all the client for example bitcoin or litecoin, sizes are bandwidth is much time, do not you agree?

Quote from: Findingnemo on July 18, 2018, 02:20:14 PM

Quote from: designbuyers on July 18, 2018, 12:33:24 PM

What's the best cryptocurrency wallet that you can trust?

Most trustable crypto currency wallets are their official wallets of each coins all other wallets were less trustable than their official wallet.Now most people preferring hardware wallets because we can store multiple currencies with much safer for long time.

True .. I know but the thing is we can't all download all the client for example bitcoin or litecoin, too much data and need hard drive sizes are bandwidth is much time, do not you agree?

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Quote from: Thanasis on July 19, 2018, 03:47:41 AM

E;ectrum is also not fully secured recently there were vulnerability found and the people who were online were stolen by some people,even our admin asked to update to the latest version of electrum.So still it is not completely secured.

The thing with such discoveries is that people only know about them when these vulnerabilities are known to exist. You can't protect yourself against that, because you as noob (not you personally but in general terms) have to rely on others to find these vulnerabilities for you. If nothing is found, you will keep using them as if they are safe while in reality they're not.

Considering that Electrum fixed everything, it is almost as 'safe' as any other solid wallet client out there. I'm using it on a daily basis and it works perfectly fine.

Quote from: Thanasis on July 19, 2018, 03:47:41 AM

As for now bitcoin core is the one you can trust cent percent.

I assume you mean that you can trust the core wallet client 100%? Nope. Software written by humans can't ever be 100% safe. Forget about that.

The only thing is that the more capable the developers are, the less likely it is for them to overlook something; the core developers definitely hold a massive advantage here.

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Quote from: steveabrahams on July 19, 2018, 03:31:57 AM

Quote from: designbuyers on July 18, 2018, 12:33:24 PM

What's the best cryptocurrency wallet that you can trust?

Based on my experience, Electrum is good and i can trust this wallet for stored my bitcoins. 2 years and never had a single problem in this wallet. For cryptocurrency i choose myetherwallet, same as ethereum, never had a problem before. Just careful and always check the site before login your wallet.

E;ectrum is also not fully secured recently there were vulnerability found and the people who were online were stolen by some people,even our admin asked to update to the latest version of electrum.So still it is not completely secured.As for now bitcoin core is the one you can trust cent percent.

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Quote from: designbuyers on July 18, 2018, 12:33:24 PM

What's the best cryptocurrency wallet that you can trust?

Based on my experience, Electrum is good and i can trust this wallet for stored my bitcoins. 2 years and never had a single problem in this wallet. For cryptocurrency i choose myetherwallet, same as ethereum, never had a problem before. Just careful and always check the site before login your wallet.

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Quote from: designbuyers on July 18, 2018, 12:33:24 PM

What's the best cryptocurrency wallet that you can trust?

Why choose to trust a hosted bitcoin wallet like Coinbase, when you are able to have complete control over your funds trustlessly with wallets with which you hold your private keys exclusively with? You don't even need to sync the entire blockchain with most of them.

My suggestion would definitely be Electrum, as it is one of the most widely used wallets, you hold your own private keys, it's open source, it's been around for a long time, and it's very user friendly on the UI side.

There would be no point using a hosted wallet in any scenario unless you're exchanging BTC for fiat, in my opinion, because you don't hold your bitcoins anymore when you deposit funds into a hosted wallet. Rather, you hold an IOU that the wallet service writes you. Then, there would be absolutely no point using bitcoin anymore.

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Quote from: designbuyers on July 18, 2018, 12:33:24 PM

What's the best cryptocurrency wallet that you can trust?

Electrum to use as hot wallet in my phone.
Ledger Nano as cold wallet
Paper wallet for even better security and long term holding - ofcourse proper protection against water and fire needed Grin

Blockchain wallet to use occasionally when I am on desktop

Avoid using other web wallets and third party apps that claim to be bitcoin wallet but they are just payment processors like coinbase, xapo etc.

BitMaxz

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Block halving is coming.

For me, I think only hardware wallet is the best and trusted wallet nowadays but based on my own experienced I'm using coinomi wallet never had any issue using this wallet and I use this wallet for receiving mined coins and save it for many months before I send it to exchanges to sell my coins and I think this is good only as alternative wallet just don't put all your cryptocurrency in one basket and if you holding a large amount of coins better to use a hardware wallet like ledger nano s for your coins safety. But so far I trust coinomi wallet.

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Quote from: designbuyers on July 18, 2018, 12:33:24 PM

What's the best cryptocurrency wallet that you can trust?

Most trustable crypto currency wallets are their official wallets of each coins all other wallets were less trustable than their official wallet.Now most people preferring hardware wallets because we can store multiple currencies with much safer for long time.

harizen

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Quote from: designbuyers on July 18, 2018, 12:33:24 PM

What's the best cryptocurrency wallet that you can trust?

Trust is an issue. It depends on your own taste and preference.

Basically hardware wallets are the one that must be considered for long term storage. Hit search for it.

But since I always do trades, I literally risking my funds from several exchanges for less hassle execution of my trades. What are those exchanges? It varies and we have might different views and experienced to it so I will leave this to you as your assignment.

The security of out wallet depends on how will you keep it secured. You really need to test some of them on actual and see if it will meet your criteria of giving them trust.

OmegaStarScream

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An open source wallet that give you control over your private keys. A wallet that doesn't give one of these things shouldn't be used, at least not for storing large amounts.

Of course, when it comes to security then there is nothing better then a hardware wallet since desktop/phone wallet are safe as long as your device is not infected.

LeGaulois

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I don't know if we can say it's the best but I trust my Ledger Nano. I have no reason to not to. Plus it's a Cocorico company so... I have never seen someone with his wallet "hacked" so far (without considering if a user didn't be careful with it) It depends on your needs to say what is your best wallet but no matter what are they, for sure the web-based wallets are the last one to use with the exchanges

designbuyers

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What's the best cryptocurrency wallet that you can trust?

For me, most trusted is
1. coinbase.
2. localbitcoins ( well lately not keep here )

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