Topic: Which is best wallet for using and store the bitcoin? (Read 378 times)
It depends on what wallet you want to use because if you want to use a mobile wallet, I would like to recommend Electrum and Blockchain wallet. After all, these wallets are safe and secured when storing your bitcoins and other cryptocurrencies. But if you have a considerable amount of funds, it would be better to store it in a hardware wallet such as Ledger and Trezor because it could definitely prevent any online unauthorized access.
If you wish to store your bitcoin in online wallet, then I would definitely not recommend BitGo wallet as I find them presenting misleading information.
Somehow many times I've seen topics from people being in troubles with Electrum wallet. Of course all these troubles are from their laziness and lack of experience, but still, you can fully relax while using Electrum wallet.
I would personally choose hardware bitcoin wallet like Trezor or Ledger. I would advice you to go with any of them, which suits you more by price and design.
Somehow many times I've seen topics from people being in troubles with Electrum wallet. Of course all these troubles are from their laziness and lack of experience, but still, you can fully relax while using Electrum wallet.
I would personally choose hardware bitcoin wallet like Trezor or Ledger. I would advice you to go with any of them, which suits you more by price and design.
I,m New in Crypto marketplace i have some difficullties that how to stores and save the Bitcoin. probably mostly wallet people using to store the bitcoin without any losing money. Anyone suggest me which wallet we can use to store the amount. so many crypto wallet are coming new everyday but which is best for me that don,t anything losing money .
If you have some funds on you then I will recommend using a hardware wallet, the fact that hardware wallets such as ledger, Trezor, and more is more secured compared to software wallets. However, the software can be goods as wells like it provides more convenience in making transactions because it can be executable in mobile phones which is kinda handy. Personally, I've been using a lot of wallets actually like Coinbase, Trustwallet, Electrum for desktop, and our local Bitcoin storage. You can use a wallet that will suit your taste but make sure that it is a safe and reputable one.
You want a digital wallet to use the coins. It'll be an app, hardware, or cloud based app. Some bitcoin companies are helping beginners by automatically generating wallets for them. You can store your purses online or offline. For security reasons, save your password online and make sure it is protected by your password. Avoid a wallet on the internet because it's just going to be hacked.
I saw that there is sportbetting on mycelium base on your screenshot. Is that a working feature on that wallet?
I believe you can trade there using also the MyCelium app. Correct me if I'm wrong.
copper member
Activity: 2758
Merit: 1163
Leading Crypto Sports Betting & Casino Platform
I'm currently not using any of the above-mentioned wallets.
The wallet that I am using not is MyCelium, my experience here is great, I highly recommend this wallet aside from those other trusted wallet that are mentioned here.
It's also good for me because i have lots of options for the transaction fee (sat/byte).
To add one more, the latest update, they added a trading account for the wallet (I'm not yet trying this one though). I think it is convenient.
You can decide whatever wallet you wanted to use, the more secured the better.
The wallet that I am using not is MyCelium, my experience here is great, I highly recommend this wallet aside from those other trusted wallet that are mentioned here.
It's also good for me because i have lots of options for the transaction fee (sat/byte).
To add one more, the latest update, they added a trading account for the wallet (I'm not yet trying this one though). I think it is convenient.
You can decide whatever wallet you wanted to use, the more secured the better.
I saw that there is sportbetting on mycelium base on your screenshot. Is that a working feature on that wallet? I've been using mycelium wallet before but I don't like that there are too many things on the screen when I open it unlike electrum which is very simple. Although this is just my own preference. But in general, Mycelium is good wallet same as electrum. I can give a vouch for this wallet too.
I'm currently not using any of the above-mentioned wallets.
The wallet that I am using not is MyCelium, my experience here is great, I highly recommend this wallet aside from those other trusted wallet that are mentioned here.
It's also good for me because i have lots of options for the transaction fee (sat/byte).
To add one more, the latest update, they added a trading account for the wallet (I'm not yet trying this one though). I think it is convenient.
You can decide whatever wallet you wanted to use, the more secured the better.
The wallet that I am using not is MyCelium, my experience here is great, I highly recommend this wallet aside from those other trusted wallet that are mentioned here.
It's also good for me because i have lots of options for the transaction fee (sat/byte).
To add one more, the latest update, they added a trading account for the wallet (I'm not yet trying this one though). I think it is convenient.
You can decide whatever wallet you wanted to use, the more secured the better.
Electrum and Ledger wallet user here.
These are the best wallets for me.
These are the best wallets for me.
Electrum has its advantages as a desktop and mobile wallet, although most those who own a hardware wallet use it as a user interface, which is a winning combination. I think some users may be confused by this because they think they have to enter their HW seed in Electrum to use it, which of course is not necessary, and by doing that they nullify the meaning of the hardware wallet.
I've been using Ledger for a few years now, I have the S and X models - I have no objection to their functionality, they do exactly what matters most to me - they ensure that key information is kept in the most secure environment within the device. Of course, like everyone else, I don't like the fact that their database has been hacked - which of course does not affect the security of their devices, but it has exposed a huge number of their users to phishing attacks, and all those to whom all data is exposed also receive phishing SMS messages + they can also become victims of physical attacks.
Electrum and Ledger wallet user here.
These are the best wallets for me.
Electrum for free desktop wallet app for bitcoin and it's being suggested by everyone.
And as per experience for Ledger wallet, you can buy an S or X version, it is secure and you're in good hands for having it.
These are the best wallets for me.
Electrum for free desktop wallet app for bitcoin and it's being suggested by everyone.
And as per experience for Ledger wallet, you can buy an S or X version, it is secure and you're in good hands for having it.
Use electrum to store bitcoins safely. It is up to you to keep your wallet safe. You can try ledger or trezor if you want to have a safe wallet but it will cost you money. If for free electrum is one of the best choice to use in storing bitcoin. Some did spend money but free is also useful and cost free.
Mate, you've been here since 2019 and you're asking this just now?
But anyway. In my opinion:
BlueWallet[1] for bitcoin that currently doesn't amount to more than $500; or Electrum[2] if you prefer a desktop wallet(though I'd mostly suggest using a mobile wallet instead).
If were talking about upwards of $500, then either a Ledger[3], Trezor[4], or a Coldcard[5] hardware wallet.
[1] https://bluewallet.io/
[2] https://electrum.org/
[3] https://ledger.com/
[4] https://trezor.io/
[5] https://coldcardwallet.com/
But anyway. In my opinion:
BlueWallet[1] for bitcoin that currently doesn't amount to more than $500; or Electrum[2] if you prefer a desktop wallet(though I'd mostly suggest using a mobile wallet instead).
If were talking about upwards of $500, then either a Ledger[3], Trezor[4], or a Coldcard[5] hardware wallet.
[1] https://bluewallet.io/
[2] https://electrum.org/
[3] https://ledger.com/
[4] https://trezor.io/
[5] https://coldcardwallet.com/
Try any of this wallet especially for investing in bitcoin, but if your planning to trade I guess it more convenient to use exchanges wallet like Binance.
Since you could easily buy and sell altcoins in the exchanger, meaning you could easily earn profit and at the same time you could easily manage them.
I personally use Electrum as a bitcoin wallet and never encounter and issue using it, but I there is some wallet that could be more convenient depending on your country especially in cashing in and cashing out your funds.
If you don't want to spend more money on a hardware wallet then Electrum is the best choice...
besides that, you can also try Blockchain.com or Atomic wallet to store your Bitcoin, the most important is you have to keep your 'private key' properly and safely.
besides that, you can also try Blockchain.com or Atomic wallet to store your Bitcoin, the most important is you have to keep your 'private key' properly and safely.
Mate, you've been here since 2019 and you're asking this just now?
OP is a classic bounty hunter which is more than clearly visible from his post history, and this seems to be his first post outside Alternate cryptocurrencies / Bounties (Altcoins). It is possible that he is really interested to find out about the best wallet, or he is just trying to catch the merit and become Jr.Member.
For all those who think that the best crypto wallet means that all their problems have been solved and that they no longer have to worry about the safety of their coins - the bad news is that even the best wallet will not save anyone from human stupidity and ignorance.
It is not possible to give an exact answer here. only some suggestions. there are several reliable wallet services, and there is more personalized to individual needs. Whatever hardware wallet is always the best solutions, especially for crypto noobs.
eh, that I was so lucky that someone explained to me the advantage of a hardware wallet. Now my portfolio would look much better.
Mate, you've been here since 2019 and you're asking this just now?
OP is a classic bounty hunter which is more than clearly visible from his post history, and this seems to be his first post outside Alternate cryptocurrencies / Bounties (Altcoins). It is possible that he is really interested to find out about the best wallet, or he is just trying to catch the merit and become Jr.Member.
For all those who think that the best crypto wallet means that all their problems have been solved and that they no longer have to worry about the safety of their coins - the bad news is that even the best wallet will not save anyone from human stupidity and ignorance.
Mate, you've been here since 2019 and you're asking this just now?
OP is a classic bounty hunter which is more than clearly visible from his post history, and this seems to be his first post outside Alternate cryptocurrencies / Bounties (Altcoins). It is possible that he is really interested to find out about the best wallet, or he is just trying to catch the merit and become Jr.Member.
For all those who think that the best crypto wallet means that all their problems have been solved and that they no longer have to worry about the safety of their coins - the bad news is that even the best wallet will not save anyone from human stupidity and ignorance.
Anyway, if you are holding a small amount of BTC, you better hold it on your local exchanges depends on how long they have been in the market though
Imo, it's somewhat impossible to state categorically what can be called a "small amount of btc", for example $100 in btc could be very small for some, but for some people it may not be and they'll prolly not consider it an amount they can afford to lose, what I mean is holding funds on exchanges is too risky (hacks occur rather frequently) and isn't a good practice in storing your funds, no matter how small you think it is. Electrum isn't difficult to set up and use, so there's no advantage in giving up your keys to have your funds stored in an exchange, as a rule of thumb, make sure you have the keys to any wallet that holds your Bitcoin. legendary
Activity: 2436
Merit: 1189
Need Campaign Manager?PM on telegram @sujonali1819
Since you are a newbie in crypto, So I will suggest you use electrum, It's very easy to use and support both pc and mobile. And I think you will not face any difficulties to use it. (But keep in mind that you should not store your private keys in any online device, always keep it in a paper )
Then you should learn about the Ledger Nano hardware wallet. And this is safer than others.
Then you should learn about the Ledger Nano hardware wallet. And this is safer than others.
Im using Trustwallet in my mobile for almost a year now and storing btc and other altcoins so far its really easy to use and good UI I can also trade tokens via uniswap with the dapp browser you can try it if you are a heavy mobile user however in desktop I use electrum.
I,m New in Crypto marketplace i have some difficullties that how to stores and save the Bitcoin. probably mostly wallet people using to store the bitcoin without any losing money. Anyone suggest me which wallet we can use to store the amount. so many crypto wallet are coming new everyday but which is best for me that don,t anything losing money .
Consider ELectrum is a user-friendly wallet for beginners and if you want to hold ETH Metamask is a good start. Anyway, if you are holding a small amount of BTC, you better hold it on your local exchanges depends on how long they have been in the market though but if it's a high amount that you cannot afford to lose then go for a hard wallet that is better than Electrum.
I,m New in Crypto marketplace i have some difficullties that how to stores and save the Bitcoin. probably mostly wallet people using to store the bitcoin without any losing money. Anyone suggest me which wallet we can use to store the amount. so many crypto wallet are coming new everyday but which is best for me that don,t anything losing money .
If you can afford a hardware wallet then it will good for security. I prefer Ledger Nano for a hardware wallet. But, if you can't afford it then you can use Electrum to store or hold your Bitcoin.One more thing, you can use your electrum wallet with multi-signature for better security. If you don't have knowledge of how to work multi-signature then you must see the tutorial from youtube and test it for testnet wallet firstly before using it for mainnet wallet.
My friend already told me to use Ledger Nano as a hardware wallet but I'm thinking about it more.
But right now, I'm using Electrum wallet and I didn't have any issues using it because I'm confident and comfortable on how it store my coins. Hoping that I can use a hardware wallet as soon as I can afford it because many people are saying that if you want to hardly, safely, and secured store your assets then use Ledger Nano X.
Jump to: