Topic: Which wallet can i use for my needs (Read 838 times)

Do not use trust wallet to hodl your Bitcoins, trust wallet supports many altcoins and also Bitcoin, but use it for only your altcoins, and choose from the other safe and secure alternatives for your Bitcoin, like electrum wallet.
Mind you that electrum wallet does not support both Bitcoins and Altcoins, electrum wallet is a Bitcoin-only wallet.

best wallet someone can advise you or encourage you to use for your cryptocurrency investment especially a Bitcoin is a Electrum wallet, other wallet are good but as you said what is paramount or important is the seat phrase of any wallet because the prophet key is most important thing in any wallet depends your storage of your private key, the mistake some of us always make during a cryptocurrency investment and its private key is to store save our Private key in our laptop and also our phones so it is good for someone to write out of the private key or the seed phrase and document it manually than saving it online.

I agree with other comment like seperate between btc and altcoin wallet. for btc use trust wallet, you need keep phrase and this secure option because it supports Bitcoin and a wide array of altcoins, meaning you can manage multiple types of crypto assets within just one wallet. And for splitting assets like altcoin and flexible to use in dekstop and mobile I prefer use Metamask.

I don't really know the reason why you want a wallet that can store altcoins, but I will advice you as a newbie you don't need to put your target and focus on altcoins because it takes good understanding for one to be able to decide to go for which altcoin will be better to invest in. Since you are still young in the crypto world it will be best you focus on bitcoin and choose the best wallet that is good for storage of bitcoin. Making your choice concerning wallet shouldn't be because of altcoins but let bitcoin be the reason why you need a good wallet  for storage.

Altcoins are not what a newbies need to put the mind, concentrating on altcoins can be misleading expecially for newbies and it is very easy for a newbie to lose his/her money in altcoins. As for altcoins I know trust wallet as one that many altcoins can be stored, buy the trust wallet is not he best for bitcoin,  it is better for bitcoin can to be store in non custodial wallet.

For a few bulk, you can use any of the recommended online wallet, for me i used bluewallet to store my Bitcoin but i don't know about altcoins since I have none of that for now, but if I may consider holding any at a time, I would rather choose to use a trusted wallet for short-term storage, because a trusted wallet accepts multiple coins and can connect to decentralized exchange Dapp such as uni swap and the rest.


For the highest level of security, you may have to use a hardware wallet like Trezor and the rest of the hardware wallet device if you are holding for the longest period.

Both Coinomi and Trust wallet are closed-source so I would not recommend both these wallet for anyone to store their crypto assets but the alternative can be Unstoppable Wallet, which is multi crypto wallet and open sourced too.

Github: https://github.com/horizontalsystems
APP store: https://apps.apple.com/app/bank-bitcoin-wallet/id1447619907?ls=1
Google Play: https://play.google.com/store/apps/details?id=io.horizontalsystems.bankwallet

Yep it's a bad advice. Theymos even announced here in this forum to avoid storing our tokens to exchanges as they are not meant to be a wallet. Theymos made us remember it after the FTX scandal where people lost their coins/tokens by storing it at that exchange. It should be a common knowledge in cryptocurrency that exchange isn't supposed to hold our assets, it's a place where we can exchange them for something. Newbies are the one who should learn this at least before venturing out on crypto opportunities.

He just doesn't know how tricky hackers are in this days. The examples you mentioned are failed exchanges that supposed to be trusted way back. Even if the google authenticator somehow save you from being hacked, there's a chance that the exchange itself is the risk why your asset will disappear.

That's not a good suggestion to start with. Exchanges aren't for storing coins/tokens. They're only beneficial for trading. Just buy on them and move to your private wallets, except you're going to be trading them there. If you do trade them on exchanges, make sure not to leave them there for long. Remember, not your keys, not your coins, slogan?

You wrote like one who's VERY new in this industry. Otherwise, you wouldn't be expressing so much confidence in a Cex. Binance may have a great rating now but that doesn't insulate it from the realities of hacks and betrayals. Remember Bitrex, Coinex, Poloniex; just to mention but three; those were the exchanges that dominated the crypto space when I came into it in 2017. Where are they now? Anything can happen in this industry.

I think you should figure out what you want to use the wallet for, they are numerous wallets that support bitcoin and altcoins like metamusk, electrum etc. So I think if your looking for a wallet with maybe a special feature or something like that.

I will not write about Trezor or Ledger to a beginner, he will then understand the essence of these difficult wallets for a beginner. I would advise a beginner to use the Wallet Trust specifically. Yes, its code is not open, like Electrum, for example, but the Trust Wallet interface is perfect. Let's not consider it an advantage that it has something to do with Binance, it's nonsense. But a Trust can store a huge amount of coins, while you can stake Ethereum! You only need 0.025 eth and you will get 3.7 per annum.

It's not encouraging to use same wallet to accumulate or accommodate your coins, because its advisable to not bag all your eggs with one basket, instead you make a separation and it's necessary, so therefore I will like us to know that if I should choose a bitcoin I will choose Electrum wallet so that my bitcoin will be conserved, but I can use exchange that is reputable for my altcoins knowing the fluctuations of altcoins in the market

Many became confused because of the kind of wallet there are to use for storage of their bitcoin for long-term and also their altcoin for long time, so therefore it is good for someone to investigate properly before storing it bitcoin for a particular wallet so that during the process of long holding or Bitcoin nothing will happen to it nobody will penetrate to such wallet that is why it is advisable to use Electrum

Electrum is one of the best wallets for bitcoin. but I would advice a newbie to use a wallet which supports bitcoin and altcoins both. Coinomi, or Trustwallet these two would be perfect fit for OP.. while it is not a problem for him to use  multiple wallets but as you said a newbie. then it is better to stick with one wallet until you gain some experience in crypto.
Coinomi and trustwallet both are non custodial. BTW. coinomi works on an electrum seed too. so it should be good for OP.

If you just want to choose a suitable wallet for storing bitcoins, I support Electron and Mycelium as software wallets. But since you want to hold Altcoin then you can use trust wallet but password must be stored very securely. Trust wallets are usually encoded with 12 words, so they are very difficult to hack, but you can be at risk if you store passwords in an insecure manner. Mycelium and Electrum wallets will be more secure than trust wallets.

Many wallets have been provided by forum members; these are the wallets you can use to save your bitcoin, but in order to prevent being hacked, you must exercise caution when holding bitcoin. Although wallets are safe, they can still be compromised if you neglect to protect them or hide your secret key. Therefore, saving bitcoin involves more than just having a reliable wallet; it also entails being able to hold your wallet without falling victim to fraud. I'm sure you've heard of many people who have complained about being hacked. These people were hacked because the hackers obtained their private key and gained access to their wallet. Therefore, my advice to you is to keep your private key secure and never share it with anyone. If you don't, you will likely become a victim of cyberattack, and once that happens, there's probably nothing you can do to recover your bitcoin. So, be cautious and wise when handling bitcoin, and never give out your phone number or any other system you use to anyone.

Trust wallet may be a good wallet for you to hodl your altcoins, but don't use trust wallet to hodl both your altcoins and your Bitcoins, because it is not a good Bitcoin wallet and you have many good wallet options to choose from.
Stop giving advice to people on matters such as this. An exchange is not a place to keep your assets, it is a place for you to trade your assets. Exchanges are custodial platforms and if you leave your assets in their platform, then they own the coins and not you, if the exchange gets hacked you lose all your assets, if they suspect you of anything, they'll seize your assets too. Make sure to only use wallets that you control to store your assets.

All the wallets you have heard about as a newbie are very good not only new users but also many senior persons are using these wallets. But out of this I will suggest you to use trust wallet. Trust Wallet is very security complete and has many conveniences to use. As a newbie you can accept trust wallet very easily. But my suggestion for you is don't share your wallet seed phrase with anyone if you share your wallet seed phrase with anyone then you can't use your wallet securely. Can hack your wallet anytime.

As a newbie you can definitely use Trust Wallet. Trust Wallet is a really good wallet to hold your altcoins and bitcoins. I myself am using this trust wallet as a newbie. This trust wallet is unlikely to be hacked if you don't give your seed phrase to anyone. I have not heard of anyone hacking this trust wallet so far but those who have been hacked have been hacked through their own abuse. However you can safely use trust wallet I think you won't have any problem.

Based on my understanding, the Trust wallet is just an easy-to-use wallet, and when security is the major concern it shouldn't be considered as an option. A friend once sent me USDT using the wallet and the USDT was sent to another wallet. He had to complain to the Trust wallet team before he could get the USDT back.
For a secure and easy-to-use Bitcoin wallet SPV wallet (Electrum is an example) is always considered the best option but for multi-currency, I like the Unstoppable cryptocurrency wallet.

If you want to store your cryptocurrencies in the most secure wallet available today, definitely use a hardware wallet. Because the hardware wallet will be completely offline which no one else can access and your assets will be safe. And if you are a new Bitcoin user then you can start with Electrum Wallet.

It is better to use Binance Exchange instead of Wallet and its security is very tight and it has a very strong exchange, that is, no one can steal your money, no matter where it is, because its security is very high.
It's work very well and no one can move your money.The best thing about it is the authentication that you do any transfer then authentication code will receive to Google authenticator, your money can go out through it. When you have it, no one can take your money out. There is another way to not to get your money out. If you have installed it, no one can hack your account.

Looks like this is the best for you. LIST Multicoin Open Source Wallets


Creating separate Bitcoin wallets and Altcoin wallets is also a good option. Because I prefer Electrum for storing BTC, while for storing altcoins, I put it in one multi coin wallet. What you need to pay attention to when choosing a wallet is that you have to download it from a trusted source, because there are lots of fake and phishing applications circulating on the internet or social media. So, be careful and always verify the application repeatedly.

As a newbie, I was also confused about the same thing when I read about the possible options. Currently, I am using Trust Wallet and Metamask. I have also read about Electrium, but for me, Trust Wallet is easy to use.

Personally all wallets are safe for me if i can keep the private key and password of your wallet confidential. There are many wallets which are all good but exchange wallet is not very convenient. If you want to save big money then avoid exchange wallet. If your capital amount is high then you can use hardware wallet and if the amount of money is small then you can use trust wallet, coinbase, myetherwallet.

I personally use trust wallet to store altcoins and electrum for btc. Regarding security and the possibility of being hacked, I think the application is very good, there are layers of security and I think it is quite difficult for hackers to penetrate it. The security problem is actually the user's own negligence, such as entering PK on a scam website, claiming random tokens so that the wallet gets drained, swapping tokens in the middle of nowhere and so on. So in the end, wallet security is completely in your hands, hackers take advantage of your negligence to upgrade your knowledge about data security so that your assets remain safe.

I think Trustwallet is quite trustworthy and safe. So far I have never heard of any hacking on Trustwallet except hacking due to human error such as leaking of the 12 digit phrase provided by them. I agree with the idea of separating your altcoins and your bitcoins and Trustwallet can create multiple wallets. You can store your Bitcoins in wallet A and your altcoins in wallet B. This is quite practical in my opinion. And this is enough for "beginners" as you mentioned at the beginning of the thread.

I give you a small suggestion that you keep your bitcoins in one wallet and your altcoins in another wallet maybe that's best for you. But it is purely your personal matter.

You can keep your altcoins in trust wallet and you can keep youryour bitcoins in Electrum wallet.

If you are using Trust Wallet then you will surely see that there is a phase of 12 digits while creating the wallet. You need to keep this 12 digit phase safe to keep your wallet safe. If you lose that 12 digit phase and your account is accidentally logged out then you will not be able to login to your account again i.e. your account will be lost. So it is said that, Not your key is not your token.

Even for smaller amount of coins I’m still very much against that having different kind of crypto both Bitcoin and other crypto on the same wallet because if the wallet is affected by any form of hack as a result of airdrop or any form of activities that can result to stolen of funds everything in that wallet will be affected.

I do recommend same bitcoin wallet that you do and Metamask wallet for Altcoins so that bitcoin can be on separate wallets why Altcoin on other wallets, you don’t need to connect bitcoin wallet to any dapp as as result of claiming anything such is not common on bitcoin.

Often newbie asks about the security of wallet (software), even though maintaining a private key security is also very important. The software mentioned above such as trust wallet, and other cryptocurrency wallets are commonly used by crypto asset users but have certain risks and dangers. Although Wallet Software applies strong security measures, there is no system that fully limits hacking. Then you must be careful of phishing sites and fraud that can deceive you to reveal information on your wallet.

The most important thing is to maintain a private key security, if you lose access to a personal key or recovery phrase, you can lose access to your assets permanently. The idea of storing Bitcoin in a separate wallet from Altcoins also needs to be pursued to increase asset security, maybe Electrum is the right choice for storing your Bitcoin.
 

Non custodial wallet is the safest and as you want to have bitcoin and other altcoin together, you need to use a multi wallet. If you are a PC user then rabby wallet extention works fine. This extension is way better than a metamask and in here you can store all the EVM based token but you cannot store bitcoin. Exodus can be used to store bitcoin and major altcoin from the market and they have some useful features that can be really helpful for a newbie. Not sure you can afford hardware wallet or not thats why didn't bother to mention any.

I don't think it's a good idea to use Trust Wallet for Bitcoin. Yes, it can be added there but you can't swap it there on a DApp. So, what's the use? Well, that's in addition to what people say about TW being a closed source app and could be easily manipulated.

From where I stand, the reason I support this is because gathering Bitcoin in crypto wallets that support alts which can be swapped in interaction with scam sites on DApps can be easily compromised and the wallets wiped off. If that happens, that means everything in that wallet is gone. Bitcoin should be treated differently in single wallet to minimize such an incident. Electrum is great but I think it's a bit confusing to use for beginners. Anyone downloading it should be sure to get it from its official site and link to Playstore or IOS. There are many fake electrum wallet apps out there. Bluewallet is ok too but I don't know why people hardly talk about it.

There are many Dex wallet to use in storing bitcoin and altcoin apart from the trust wallet you made mention of. We have electron wallet, blue wallet metaask and many more . That trust wallet

Trust wallet is reliable but the transaction fee is high and something it is affected by liquidity. Talking of hacking, I believe it can only be possible if you misplaced your pass phrase or key.

Securing cryptocurrency is very important, because you cannot fully trust any exchange.I think nowadays all wallets whether they are soft wallets or hard wallets support bitcoin and all cryptocurrencies.Among the soft wallets I trust trust wallet the most even though it is widely considered to have high chances of hacking.If done carefully, the risks of hacking are very low as most people connect their wallets everywhere or click on every link which increases their hacking concerns.

However, I consider hard wallets to be the safest for most cryptocurrencies and bitcoins, and I'm personally using a safepal wallet where I store all my cryptocurrencies.There are also different brands of hard wallets available in the market which you can easily order from their official website,but they are quite expensive compared to safepal wallets.

I will say Electrum is more suitable for a newbie due to its popularity and simple UI/UX. But choose your bitcoin wallet based on multiple factors via: Choose your Bitcoin wallet

For altcoins, you can refer replies from Open source multi crypto wallets!

---

Your wallet must provide private keys/seedphrases and it should be open source.

Coinomi wallet is slowly going extinct, if you do some research online you'll find out that so many of their customers are going crazy with the number of issues with this wallet, some cannot spend their coins, others are having problem with synching, et cetera. It is also a closed source wallet, so better send your funds out of Coinomi.
Mind you that Coinbase wallet is different from a wallet in Coinbase.com. Coinbase wallet is a non-custodial wallet, whilst the other is a wallet in their exchange which is obviously custodial.

Always prioritize security and choose a wallet to be a good source for protecting your assets. Based on the need like if it comes to cryptocurrency savings then there are devices of choice like desktop, mobile, hardware etc. But you should prefer wallets that have certain features like security, user interface and anonymity. Hardware wallets are the most secure for Bitcoin and other cryptocurrencies. But for ETHERUM based tokens Exodus or MyEtherWallet can be used. There are also Electrum, Ledger Nano S and Tezor for Bitcoin storage.

For safety reasons I sudjest you use blue wallet or electron wallet. Those two are Dex wallet and people love them because they are anonymous you can do multiple transactions without kyc.

Aside metamask wallet, the other wallets should be avoided like a plague. The fact that you've not lose your funds yet doesn't make them safe.

With Coinomi and trust wallet you've self custody but they're closed source wallet, a hacker could exploit a vulnerability in the code and steal your funds. Coinbase wallet on the other hand does not give you custody of your funds, the exchange is in charge of it. If it gets hacked, shutdown or go bankrupt, you could lose your funds.

I'm using Coinomi Wallet, Coinbase Wallet, Trust Wallet, Metamask. Not problem at all. You can choose any wallet you like. Just keep your system in safe, use antivirus etc

Choosing a reliable wallet before holding bitcoins is an important task for a bitcoin investor. If you are able to maximize the security of your assets in the beginning then you will be able to hold bitcoins for a long time risk-free. However, it is important to keep in mind that a wallet's seed and keys are very important to keep when storing bitcoins. No matter how good a wallet we use, if we cannot keep these secret keys safe, we will lose our assets. If we store in top level wallets for holding bitcoins there will be no negative effect if personal security matters are safe. Most of the times especially in the case of newbies, they loss keys or phrases and may stolen due to carelessness and thus they lose their bitcoin. I can't blame any service provider for that indecent.

Trust wallet is a Good wallet. it supports Bitcoin and almost every major Altcoins as well as EVMs which means you can add custom tokens too.  so it is good enough for your needs. now speaking of wallet's security then that is totally up to you.
It depends on how you handle your Keys and also what do you do with that wallet. Keep These things in your mind:
1: Don't Store your Seed Phrase and Private Keys Online or/and On a Digital Device that has Access to the Internet (Mobile or laptop) Write them down in your Diary or somewhere offline.
2: Don't use random Dapps and Dexs, and don't connect your wallet with any web3 websites especially if you don't know about them. a lot of dapps are scams and will drain wallets if connected and given authorizations.

if you want to be more secure and have a lot of funds in crypto then you should go for an hardware wallet.

I believe you are confusing some concepts here. There's more than just two kinds of crypto wallets out there.  For starters, you've got paper wallets and other types of physical wallets too.

Hardware wallets are definitely among the most secure.  They keep your private keys offline so your coins don't get hacked or hit with malware.  But most hardware wallets still need some kind of software to work, whether on your computer or smartphone.  Like you can use a hardware device with the Electrum wallet for example - thats a a non-custodial software wallet by itself.  And get this - not every software wallet needs an internet connection either.  You can download Electrum onto an offline device to sign transactions without ever going online.  Much more secure.  I also think it's confusing when exchanges get lumped into the wallet category. Thats not their primary purpose.

I think there are two popular types of wallets for cryptocurrencies. First, we have hardware wallets like Ledger and Trezor, these are physical devices keeping your crypto offline for added security. Then, there are software wallets, which can be accessed online. Now, in the software category, you've got custodial wallets (managed by third parties like exchanges) and non-custodial wallets (where you control your private keys). Examples include MyEtherWallet, Trust Wallet, and SafePal. For extra safety, hardware wallets are top-notch, but if you prefer online, non-custodial ones are great – just manage those private keys carefully. Always stay vigilant online and protect your assets from phishing and other internet risks. Safety first!

Since you are a newbie, choosing a wallet is an important thing for you but you can definitely choose a popular wallet for your cryptocurrency storage. But you can choose Electrum wallet, Blue wallet as Bitcoin wallet for single Bitcoin storage. These wallets are very secure and popular as a newbie you can choose any of the above two wallets. For each wallet you must collect Seedphase properly to ensure the security of your wallet.
But you can select any one of your choice from Trust wallet, Mycelium wallet, Coinbase wallet, myetherwallet, Exodus wallet, Blockchain.com wallet as multi currency wallet because each wallet is very convenient to use and as a newbie you can use it well. Every wallet's security system requires you to store your ricks.

If you want to store your bitcoin I want advice you to store Bitcoin in exchange wallet,  you can use a wallet like a non custodial wallet which is the best for storing Bitcoin. Don't risk your bitcoin by leaving it in exchange you can do that with altcoins because most of altcoins can only be gotten from exchange.  Bitcoin is too valuable to in exchange because anything can happen to exchange that you can lose your money like we have seen sometime ago.

Choosing the right wallet is your choice but the technical comfort depends on the security you want.It is often recommended for beginners to start with a user-friendly wallet, perhaps on a reputable exchange, and gradually explore more secure options as they become more familiar with the technology.We know to always prioritize security and to backup private keys or seed phrases securely.But even if you are aware, sometimes you have to face loss through hacking.I use trust wallet but recently I found out there are 84.02 million crypto currency wallets in use in the world and they are providing different types of security.I hope the senior members of the forum will discuss in detail about the complexities of wallets. for e.g. how segwit wallet work and the difference among other wallet like Trust wallet, Bitcoin wallet,Coinbase wallet etc.

Trust Wallet is a Non Custodial wallet but is it not much safer. if you want your best security for your asset specially for bitcoin then. you can use electrum wallet. which is very secure. But if you want to deposit a small amount of assets and know how to receive different types of tokens there, you can use Trust Wallet. Because you can support all types of blockchain tokens in Trust Wallet.  It is token friendly.

Those are hot wallets, among the list for storing Bitcoin ideally, i/we prefer the use of electrum, and for the altcoins, people use trust wallet, exodus, etc. If you want to track your portfolio gains ideally have a separate for Bitcoin and altcoins so you can identify if you are gaining or burning your money, regarding with the concern with the hacking like the other's suggestion to use a hard wallet could be a trezor or ledger, it's up to you if what's available in your country or convenient to have it. Im use Trezor and they support different coins too that are visible on their website.

All the wallets you mentioned are quite safe, and many people use them. Regarding how likely it is to hack a wallet, it all depends on the user. In many cases we see, most of them are cases of user error connecting their wallets to web scammers. So whether it will be a safe wallet or not also depends on how you use your wallet.
If you want to store long-term assets, it is better to use a hardware wallet. it's better and safer. but if you have the choice of a mobile wallet as you mentioned before, just choose everything safely depending on your ability to maintain and use your wallet.
My advice, create 2 or 3 wallets. and use 1 as your main wallet. and never use your main wallet to connect to anything including exchanges. use another wallet to move your assets or make transactions or if you want to connect the wallet to a website on another device.

For my part, I use electrum for my bitcoin and trust wallet for my altcoin holdings. They have worked well for me for years.

OP, where you store your stored seed phrases and how secure they are are the most important factors in all of this wallet that have been mentioned to you. For myself, I'm most protective of my seed phrase in the sense that I can get my electrum and trust wallets unstalled at any time I feel like because of security reasons or I don't feel like viewing my altcoin and bitcoin price again until when I am ready to trade them during the bull run season. 

If you want to choose a wallet specifically for holding bitcoins and if you are not in favor of using a hardware wallet, I suggest you to use Mycelium wallet or Electrum wallet. The two wallets I mentioned are especially safe for storing Bitcoins. We try to choose good quality wallets so that our money is safe in those wallets and we don't worry unnecessarily that our money might be lost from there. The two wallets that I have mentioned have several steps of security, so it is very difficult to hack this wallet, if no one else knows the personal information of your wallet, then I believe that your wallet will never be hacked. So if you want you can use any one of these two wallets hope your money will be safe.

The choice of wallet will depend on your preference for altcoins. But more often than not, you will have to choose specific wallets for specific coins. Some wallets support several coins (of the same standard), but it’s unlikely to be possible to combine bitcoin and a bunch of other altcoins in one wallet (unless it’s a hardware wallet).

For example, electrum supports BTC, LTC, XVG (if I am not mistaken) and some others, but you will have to install a specific electrum app for each coin. It will not be possible to store different coins in one app. Like electrum-btc, electrum-ltc and so on.

For your information. MyEtherWallet - allows to store coins of standard ERC-20.

The most reliable wallet will be the one whose security you have learned to ensure, because most often hacking occurs through social engineering, which means that the weakest link in security is the user himself.

OP, why not use separate wallet for Bitcoin and altcoins?

Use Electrum to store your Bitcoin and use Trust wallet to store your Altcoin, but mind you, some sources are saying that Trust wallet isn't a complete open source crypto wallet, but it's very safe for most people.

Still, Trust wallet is a online wallet, since you need the internet to send your coins out, so most times your Trust wallet will always be online since you will be running it on your smartphone.

Do you know that you can get the best hardware wallet under $150? If you can afford to invest this much money on Bitcoin and altcoin you should really consider purchasing a hardware wallet that's complete open source and also Air gapped.

Trust wallet is popular but not the best for me because of a lot of issues I have experienced myself. Two of the key issues I noticed is that it does not support RBF (a feature that enable you increase the transaction fee when you need to) and does not allow you cancel the transaction, a feature that is possible with Electrum wallet. So just like many people have suggested, use Electrum wallet that is easier to use and have amazing features to suit your needs.

Furthermore, it will be better to keep your Bitcoin in a separate wallet from your altcoins, this way you will be keeping your assets safer from hacks and also minimizing the damages in case there is any. Metamask is not a bad choice for ERC-20 tokens and other wallets suggested by others such as Tezos wallet is not also bad.

If you want to store your coins in way that you may not need to access them regularly, then go for hardware wallets that offer better security.

If it's just to store your assets temporarily, Trust Wallet is also quite safe. As long as you can secure your Seed Phrase wallet correctly and safely. But if it is for a personal wallet to store your assets for the long term then I would be better not to store in a Hot Wallet which is actually quite vulnerable. If it is a Bitcoin asset then Electrum could also be your choice or Bluewallet. But for Altcoins, maybe Safepal and Trust Wallet would also be my choice. Because so far I still feel safe using Trust Wallet for the altcoins I own.

Also be careful with the Dusting Attack which is already known to many crypto users. But it may still be unfamiliar to beginners.

If you are using trust wallet then this is also a very secure wallet. Every wallet is very secure. And you need to take precautions to keep your wallet safe. If you use your wallet carelessly then any of your wallets will not be considered secure. I myself have used trust wallet I am using with caution I have not been scammed so far. The victims of fraud are those who are not careful.

I wanted to see this wallet's code, just because I never heard of it since I don't use ethereum tokens.

There are 2 issues:

1. I went to the releases page on their github. Can you guide me to any details on how to verify the download of the files? They don't provide any SHA256 checksum for the packages. There is of course a chance that I haven't seen it anywhere.
2. To be honest, I highly doubt that people will ever try to download the package from their github page but instead they will go to the website. But again, even there, there is no GPG signature to verify the download.

For me these 2 issues are a red flag, no matter how many years the wallet exists, nor how many stars and forks it has on github.

Enkrypt wallet is my favorite by far

its created by MyEtherWallet who created the FIRST ethereum wallet back in 2015, just weeks after Ethereum went live

Enkrypt is OPENSOURCE, SELF-CUSTODIAL, and CLIENT SIDE. not only is it super secure and transparent but it also supports over 50 blockchains including Bitcoin, Ethereum, Polkadot, Arbitrum, Optimism, zkSync, Base, and so much more. highly recommend

Electrum and Blue Wallet are recommended mobile wallets, but Electrum is also available for Desktop.
I used Electrum from the very beginning of my foray into the crypto world and stored Bitcoin safely, depending on how the user secured the device installed Electrum and secured the Seed Phrase well.

A better way for the long term with guaranteed security is to use a Hardware Wallet that is widely available on the market.
That's the main recommendation for long-term storage without a third party. .

And for Altcoins I use Safepal and TrustWallet, it is enough for me because it supports many chains that can hold many altcoins.

Even if we tell the newbies not to use, you'll still see many of them that will use it regardless of the reasons we tell them and that's why if they want to use it, use it with caution and don't keep too much on it.

They have a lot to learn but if they want it the harder way, they'll experience some things that we've experienced before and learned from it. I just hope that many of them will obey the tips that were given to them.

We actually need to use hardware(device) and software for wallets and access them.

Secure wallets for bitcoin and altcoin Trust wallet, Safepal wallet, Coinbase wallet, if you use these multichain wallets then all coins will be supported here. But it is very natural that your wallets are more likely to be hacked when you don't store the keys well and keep them in a safe place. When you store your keys in a safe place, your wallet is less likely to be hacked, so you should keep the keys safe. Moreover, if you only use hardware or software for Bitcoin, then Electrum and Mycelium wallets will provide you with maximum security.

You have been given so many type of wallet that you can use to keep your bitcoin and altcoins by forum members that posted on the first page just like you asked.

Closed source wallet is not advisable to use because you are not the one in charge of your private keys as it is with the owner of the wallet and at anytime, your wallet can be compromised and you might also be restricted to have access to your funds. This is why you should use a self custody wallet, which only you have your private keys.

The seed phrase is the security of your wallet and that is why you are advice to use a wallet like electrum, bluewallet, unstoppable, passport trezor because you can write down your seed phrase and back it up and store it somewhere no one will have access to but only you, for the proper safety of your coins. Online wallet is only good for keeping small amount of bitcoin for daily spending.

Online wallets are not safe because it is vulnerable to attack by scammers because it is always connected to the internet and there can be a leak, unknown to you. This is why a hardware wallet is recommended because it will never be connected to the internet and the possibility of a hack is very low as long as when you bought it, you scanned through to see that it is safe to use. The safety of any open source wallet is in the hands of the user.

It's most advisable to use separate wallets for Bitcoin and altcoins, so the user can perform uptimaly, Bitcoin is unique and requires a separate wallet, so there won't be interferences with other coins in the same wallet. Your two wallet recommendations for Bitcoin are good, I use blue wallet and it's very convenient for my Bitcoin, I know that electrum, is also a good choice too. No special preference for altcoins, let him consider options from members opinions.

Unstoppable.money wallet has synching issue with some coins. The ones that I noticed are bitcoin, dash, litecoin and some other ones. No synching issue with those like BSC, Arbitrum, Optimism, their tokens and some other ones. It is not a wallet I can recommend for those like bitcoin, dash and litecoin. I remember when I have litecoin on it, it frustrated me as I kept sending the litecoin and the transaction was pending for a long time before failing and this happened several times until I decided not to use it for those coins again. The best open source wallet for altcoins is still Trezor, but it is a hardware wallet. One other thing I do not like about Unstoppable.money is that it is not supporting many coins.

Hardware wallet. That's the wallet that you need.
You want your assets safe? Put it on a hardware wallet. I'm not saying though that your assets will be safe there because no wallet is 100% safe, but at least, putting it there will increase the safetiness of your assets.

Trust wallet is a good wallet as it supports thousands of tokens, and coins. I'm also using it since I'm holding some SNX that I'm staking currently. How reliable is it? Well, it's a safe wallet as long as the owner is always safe. What do I mean? A safe wallet doesn't mean safe if the person using it don't know what he is doing. You can buy a hardware wallet, but still get scammed because you're ignorant. You can use trust wallet, but still get scammed because you are browsing phishing websites, and connecting your trust wallet account there.

Overall, it doesn't matter whatever wallet you are using. I'm using Electrum for years now, and I didn't encounter any hack, scam whatsoever. In the end, it will depend on the user.

If you want a long term storage of bitcoin I will advice you to use Electrum address, because it have higher security than others you may call a wallet, and secondly when having Electrum ensure that the seed phrase is intact and nothing have to it, because one of the areas hackers or people loss their coins is through exposure of a seed phrase and many people do loss their coins through it, and for the aspect of altcoins I think that altcoins investment should directly separated from the particular wallet you use for bitcoin, should incase of TECH issues.

For best practice, I will advise using a hardware wallet. Of course, it depends on how much you want to store, because a hardware wallet will cost you a bit to buy. If you can afford it, I would prefer to use the Trezor wallet, which is open source. You will find altcoins as well. If you can't afford it, then use Electrum for your Bitcoin wallet. For altcoins, I am not sure about a non-custodial wallet; you may get advice from the above replies. However, hardware wallets are always the best option.

First, you have to understand how the concept of wallet security that you use.
Any wallet has loopholes that could be weaknesses in the wallet, but security holes that may occur due to the user's own negligence.

Multi-chain wallets such as trust wallets are mobile wallets that have standard security.
It depends on the security of the phone itself and how you use it, and where you can store the private key safely without anyone knowing.

If you want to find the most secure, just buy a Hardware Wallet such as Safepal, Ledger, Trezor, Keep Key etc.
which has Offline storage and certainly has better security than mobile wallets.

Trustwallet is not recommended to use. Honestly, I did use trustwallet before and I never experienced something bad or experienced losing my btc but there are reasons why trustwallet is not recommended to use. It does support different crypto like eth, xrp, usdt, btc abd more. How about you use multiple wallet provider like electrum for btc and like mk4 suggested. It's up to you if you want to use trustwallet since there's nothing we can do to stop you and we are only here to give advice, suggestions or recommendations and share what we know regarding to the topic you want to discuss.

I had experience a syncing issue once on unstoppable wallet but I would still suggest it for multi-currency wallet because of their reputation + open source + overall wallet experience is still great for the most part. To make sure you're not on some phishing link, see: https://unstoppable.money/

But if you're planning on storing huge amounts, I would not recommend it since it's a mobile wallet + hot wallet which means security isn't as hardened. Typical choice for this would be an open source hardware wallet as it is still convenient for the beginners. You should also practice good security habits because your wallet certainly won't protect you from human error mistakes -- most stuff from here are still relevant in general, see: https://github.com/Lissy93/personal-security-checklist

Any online wallet is prone to get hacked, but some of them are still reliable if you cannot be able to set up an offline wallet for yourself. But as a beginner, make sure you know that any wallet you did not hold your private key is not advisable for you to hold your coin.
Trust wallet is a closed source wallet, and open-source wallet are mostly advisable for storing your bitcoin.

Use separate wallets to store Bitcoin, and altcoin; for a beginner, use electron wallet or blue wallet to store your bitcoin, while you can manage trust wallet to hold your altcoin or use Unstoppable wallet.

Yes it is owned by Binance and it is not recommended, Trust Wallet is closed source and we cannot be sure how the keys of their customers' were generated. If a wallet is closed source, it is enough reason not to use it.
It depends on the amount of funds you are starting with, even as a newbie if you are going to store a huge amount of BTC, you need a hardware wallet or an airgapped wallet and not an online wallet, so you don't learn the hard way by losing all you have.

Even if you store your cryptos in the safest wallets out there, precisely hardware wallets and couldn't manage your private keys properly, all your efforts will amount to nothing, Therefore, also think about how to secure your keys properly without someone having access to it. Furthermore ,don't get things too complicated for yourself. If you're a newbie just as you have said, you can start with Electrum to store your Bitcoin for now and then graduate to using the above recommended hardware wallets that suits you.

Most of the suggested wallets are good for storing Bitcoin only, since it's a critical asset that you need to keep. You are better to start with those wallets that have mentioned and don't go yet with most altcoins.

There are a lot of multiwallets available if you are into altcoins too. A hardware wallet supports multicryptocurrencies but most of the apps that you can download if you don't own a HW yet, you shouldn't trust them that much with your funds since most of them are closed sourced.

Trust wallet? I have never used that but it's owned by Binance nowadays, right? As a start, go for it with caution but don't keep a lot on it.

I would not use any closed source and non-custodial wallets for anything.
If you want to have one wallet for everything I would first recommend open source hardware wallet like Trezor ^{(or BitBox, Keystone, etc.)}, but you have to pay for it and you will have much better security for your coins.
There are some free software alternative multicurency wallets like Unstoppable, Stack wallet, OneKey software wallet and they are also open source.

If you really want a wallet that supports multiple cryptos, then I can recommend Exodus[1]. The Exodus wallet is available for Desktop and Mobile (iOS, Android) and has some more features integrated like Swapping. If a Bitcoin wallet is enough for you, then I recommend Electrum[2]. For me, these are the two best wallets for desktop and mobile.

[1] https://www.exodus.com
[2] https://electrum.org

Generally, I don't like the available wallets that cater to lots of cryptocurrencies.

Bitcoin: BlueWallet
Ethereum and EVM(BNB, etc): MetaMask/Rabby
Solana: Phantom
Cosmos and Cosmos eco: Keplr
Tron: I don't use Tron so idk

MyEtherWallet is an open source wallet and it supports only ETH and ERC-20 tokens. I wouldn't advise you to use Trust wallet or Coinbase wallets because they're close source and are owned by Binance and Coinbase exchange respectively. Since you're looking for a multi coin wallet, I'd recommend unstoppable wallet. It's open source, has a user-friendly UI and supports multi coins including Bitcoin. If you can afford Trezor hardware wallet, then I strongly advise that you go fit it.

Whatever wallet you settle for, have it at the back of your mind that you've a big role to place to keep your assets safe. Back up your seed phrase offline.

Don't find all in one wallet.

If you have both bitcoin and altcoins, let's use different wallets for them.

One wallet for bitcoin only. Don't mix it by storing bitcoin together with altcoins.
Another wallet for altcoins.

With Bitcoin wallets, you can practice too choose it from https://bitcoin.org/en/choose-your-wallet

I recommend

• Bitcoin Core if you want to run node (full or prune)
• Electrum wallet if you don't have big space in your disk. It's available for Android and you can use Lightning Network with it too.
• Remember to verify your wallets

Generally use non custodial (you own private keys, mnemonic seed), open source (it's reproducible and can be deeply tested) wallets. Read reviews from
https://walletscrutiny.com/

The posts above mine have actually said a thing about wallets that you should use and the most important part is the device storing the wallet and how you backup your private key or seed phrase, if you don’t pay proper attention to this two things then the choice of a good wallet doesn’t help you a bit.

Here is categories of wallet;

For privacy: use bitcoin core and run your own node.

For cold wallet; you can use hardware wallet (Trezor or passport) or an airgapped device with electrum as the wallet

For hot wallet: use electrum, BlueWallet and Sparrow (they have both mobile and desktop versions)

For multicoin wallet: use unstoppable wallet or any of the listed hardware wallet .


Both Metamask and Trustwallet are closed source wallets that’s why they don’t come recommended most especially trustwallet that is owned by Binance

Specifically for bitcoin, Electrum is good and easy to use for beginners. Metamask is a great altcoin wallet if you are an active user via desktop. Trustwallet is not too bad if you're an active user via mobile.

The 3 wallets above are based on personal experience, but I can't guarantee the same level of security if you use them. The most important security factor depends on the digital literacy of the user. Your key, your responsibility.

If you want to be safe from hackers online and want to hold your assets for the longest time that support more coins then the only solution for your needs is to use a hardware wallet.

Just make sure to choose the best hardware wallet like Trezor as suggested above but if you are looking for other hardware wallets I suggest to check this "[ list] Open Source Hardware Wallets" the advantage of using this hardware wallet you can use it on daily basis without leaking your private keys.

Bitcoin wallet recommendation, read what I posted here just today for me not to repeat myself: https://bitcointalksearch.org/topic/m.63461485

Online wallet are not that safe but you can use it for little amount of coins. Electrum, Sparrow and Bluewallet are recommended for desktop. Electrum, Bluewallet and Samourai for mobile devices.

For altcoins online, use Unstoppable. Unstoppable not supporting much coins and may have synchronizing issue with some altcoins, you may need to get yourself hardware wallet like Trezor which is even safer. Online wallets are not safe.

Your wallet is only as safe as the device you store it in, so take note that anything online is prone to hacking. The best way to store your funds is offline, and that's either in an airgapped wallet or hardware wallet.
Trust wallet is not a recommended wallet for storing your BTC, it may be okay to store altcoins, but it is not recommended to use a closed source wallet to store BTC when there are too many open source alternatives like Electrum.
There is unstoppable wallet that is open source, and you can use a hardware wallet too. But what is most recommended is to use different wallets to store your BTC's and altcoins. I.E. Electrum on an airgapped device for BTC and Unstoppable wallet for your altcoins.

The most important thing is not the wallet software but rather where the keys will be stored. If you use any of the afforementioned wallets, the keys will be on your mobile phone (unless I am mistaken). So, since the device is connected to the internet, there is a leak / hack possibility, no matter which one you will choose.

However, apart from that, I definetely support the idea of storing your Bitcoin in a separate wallet than your altcoins and I vote for electrum as well.

I don't own any altcoins except for monero, so I am not sure I can give advice regarding the altcoins, but you could buy a trezor and store the keys for the altcoins there.

I will advise you to use a separate wallet for storing your bitcoin and a separate wallet for your altcoins.
 
For bitcoin, you can use the electrum and the blue wallet, which are both open source.

As a newbie which wallet i can use and will that wallet support bitcoin and other altcoins? I know some wallet names like Coinbase Wallet, Trust Wallet, MyEtherWallet but as a newbie which wallet can I use to keep my assets safe. I have heard a lot of people using trust wallets. How trust wallet is reliable for holding bitcoins and other altcoins? How likely is it to be hacked?