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Topic: Which wallet is safe for long term Bitcoin storage? (Read 524 times)

sr. member
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I've asked many people, big and small, which wallet bitcoins are the safest to store long-term.
Many of them said to keep Bitcoin in Binance Account, Ku Coin Account, Trust Wallet.Now my question is if I keep my bitcoins in these wallets will I be able to use them whenever I want and will it be safe.
Are there other wallets where bitcoins are most secure?
I want your opinion.

Keeping your crypto or Bitcoin on an exchange means that your assets are not under the control of you, but are owned by that exchange. Therefore, it is important to always keep your Bitcoin in a personal wallet. Trust wallet is also a good wallet but I personally don't use this wallet for a lot of assets, because it often has hacking risks.​I personally find Hard Wallet to be safe for storing my assets.


Well, there are various hard wallets in the market which you can buy online from the official website. One thing to keep in mind is never to buy hard wallets from any online app but use the official website. I use safe pal wallet to store my Bitcoin and other crypto currencies for long term. You can find other brands and they all have different prices but Safe Pal is the cheapest wallet in my opinion. You can transfer your crypto currencies from these wallets to your exchange whenever you want and they are safe wallets for your Bitcoin.




full member
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Many of them said to keep Bitcoin in Binance Account, Ku Coin Account, Trust Wallet.Now my question is if I keep my bitcoins in these wallets will I be able to use them whenever I want and will it be safe.
Binance and KuCoin are exchanges and are centralised for that matter, keeping your assets in them is very risky. But Trust wallet is a good one for it's a non-custodial wallet with an open source.

Quote
Are there other wallets where bitcoins are most secure?
I want your opinion.
My candid opinion is for you to find non-custodial wallets with an open source, you may Google it and find lots of them. Also, DYOR on the ones you want to use eventually. But nothing is 100% secure on the internet, hacking could happen to the supposedly secured ones and your keeping of your wallets matters so much.

Nevertheless, it's arguably better if you can use the hardware wallet, its arrangement keeps it less porous to the internet. However, you would have to part ways with some costs and have to have a reasonable amount to store before this can be an economically good option for you.
Yes non-custodial wallets like Ledger, Trezor, ColdCard are popular hardware wallets. Any of then are fine to use. Make some research on the internet and read their individual feature to decide which one is best suits you.

If you want to use a wallet with an iPhone, then Ledger Nano X should be your first choice because it has Bluetooth built in so it can connect to an iPhone.

If you have a preference on open source wallets then you can use Linux x Electrum.
legendary
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DYOR and do not blindly depend on news articles without verifying if the information they posted is right, wrong or obsolete. To be fair there are quite a lot of users who have a ledger hardware wallet, some of them bought it a long time before Ledger's flaws were exposed, flaws such as their inability to safeguard their customers' data and also lying that it was impossible for their customers seed phrases to be extracted from the secure element. A company that does things like these cannot produce one of the best Bitcoin hardware wallets, so you should DYOR and not believe what 'investopedia' says.
There are a lot of pros and cons about extracting such seed phrases. This feature is actually undesirable for users who don't want their wallet to be owned by someone else and is also quite vulnerable.
But those who agree to the feature can activate it but have to pay a few dollars just for a month. Ledger was initially the best-selling and most-chosen hardware wallet device, but when the seed phrase recovery feature appeared, that all changed.
legendary
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According to investopedia, Ledger Nano is one of the best Bitcoin wallets and it is their pick as the best among the Bitcoin wallets available.
DYOR and do not blindly depend on news articles without verifying if the information they posted is right, wrong or obsolete. To be fair there are quite a lot of users who have a ledger hardware wallet, some of them bought it a long time before Ledger's flaws were exposed, flaws such as their inability to safeguard their customers' data and also lying that it was impossible for their customers seed phrases to be extracted from the secure element. A company that does things like these cannot produce one of the best Bitcoin hardware wallets, so you should DYOR and not believe what 'investopedia' says.
legendary
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Are there other wallets where bitcoins are most secure?
I want your opinion.

According to investopedia, Ledger Nano is one of the best Bitcoin wallets and it is their pick as the best among the Bitcoin wallets available.

You really believe everyone, and it is obvious that it is enough for someone to write something on the internet and it is automatically considered the truth.

Does that article mention the fact that the Ledger database of their users has been hacked and there are hundreds of thousands of users whose data has been posted online? Does he perhaps mention that Ledger, which for years claimed that seed/private keys cannot be extracted from their devices, now admits that it is possible and also offers some kind of service where the user pays $9.99 per month to have his seed shared with as many as three companies that will take care of it?
legendary
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I've asked many people, big and small, which wallet bitcoins are the safest to store long-term.

Hardware wallet are good bitcoin wallet to store Bitcoin safely.

Many of them said to keep Bitcoin in Binance Account, Ku Coin Account, Trust Wallet.Now my question is if I keep my bitcoins in these wallets will I be able to use them whenever I want and will it be safe.

It is not advisable to keep your Bitcoin on centralized exchanges, it is always preached that "Not your keys, Not your coins".  There is a tendency that centralized exchanges might deny anyone access so better to do things to avoid such scenario and store your Bitcoin to a non-custodial wallet which means you have the private key to access them.


Are there other wallets where bitcoins are most secure?
I want your opinion.

According to investopedia, Ledger Nano is one of the best Bitcoin wallets and it is their pick as the best among the Bitcoin wallets available.[1]




[1] https://www.investopedia.com/best-bitcoin-wallets-5070283
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My worry is that my laptop could just fail or break without even using it. Because being stuck could make it happen but opening it once in a while could do the job.

But for such cases, it is important to have a backup seed saved safely.  You can simply restore the wallet on another device.
sr. member
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OP, you shouldn't just start asking anybody about bitcoin and how to store your coins because most people out there don't know the difference between an exchange and a wallet. Exchange is an account and when you keep your coins in an exchange, it is no longer yours and that is why everyone has already advised your to use a noncustodial wallet where only you have access to your keys because your keys are what keep your funds save in your wallet which only you should have.

If you want to keep small amount of bitcoin, you can use a hot wallet like electrum and blue wallet. If you want to store a large amount of bitcoin, it is better you go for a hard ware wallet or use a cold storage wallet where you are to generate the keys in an air-gap device.i.e a computer has will never be connected to the internet and create an online watch wallet that will enable you to monitor, sign transaction and broadcast transactions too.

Ledger Nano X are good cold storage wallets.
It has been confirmed by experts in the forum that ledger Nano is not a secured hard wallet after Betnomi scammed some forum members. Passport is a good hardware wallet that guarantee the safety of your coins but not 100%..

Trust wallet is fine...
Trust wallet is not safe as I have read of when users  bitcoin was stolen from their trust wallet but the owner took responsibility of paying back the customers what was stolen from them to build the trust more.
full member
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I've asked many people, big and small, which wallet bitcoins are the safest to store long-term.
Many of them said to keep Bitcoin in Binance Account, Ku Coin Account, Trust Wallet.Now my question is if I keep my bitcoins in these wallets will I be able to use them whenever I want and will it be safe.
Are there other wallets where bitcoins are most secure?
I want your opinion.

In my opinion, trust wallet is more secure than Binance and Kucoin because they can hack it at any time and you can lose your coin in it, but if you get wallet, no one can hack it unless you share your private key with someone who has access to it. You can get more details about trust wallet in Google just try and get more ideas on it but some will give you another objection but that is the places I save mind and is still there currently and nothing will happen to it except someone got my private key if you open trust wallet simply find a better place and kept your private keys that no one can see don't trust anyone since scammers are all over the internet now.

You can see why many people don't like saving their coins in Binance and Kucoin because they are just for exchange and you can't be confident that your coin is safe there because you don't have control over it. However, if you have your own wallet, you will have full control over it and can save your funds without worry, It is also more secure than centralized exchange.
hero member
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Exchanges make me kinda nervous 'cause they've got all your coins and could get hacked whenever.  Electrum's probably the most popular desktop wallet out there.  But If you really wanna play it safe, you can run Electrum on an offline machine, like an old laptop or something.  Or you could simply buy a hardware wallet like others mentioned too.
I've done that in the past when I've got an old laptop that I am not using anymore, installed Electrum there and just opened it when the bull run came.
My worry is that my laptop could just fail or break without even using it. Because being stuck could make it happen but opening it once in a while could do the job.
legendary
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Trust wallet is fine...
No, trust wallet isn't fine, quite a lot of people thought the same of Atomic wallet, but look what happened and how so many of their users lost their assets without Atomic wallet announcing any specific reason why it happened. Trust wallet may be good for hodling altcoins but it should not be used for hodling Bitcoins, because there are so many alternatives that are better by a country mile, so why risk your Bitcoin by using a close source wallet that is owned by a shady exchange (Binance).
legendary
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Passport, of course, has a higher price, which for us in Europe is above $250, but there are more than enough resellers and the device can be bought for cash in some countries in our area.
Afaik, only one store in our coutry sells Passport, and its an online store (Protis). I am on the lookout for a new hardware wallet and at the moment Passport is my first choice but I would prefer if I can buy it in a physical store.

I looked at the official list of resellers and they are not listed there, while previously the official reseller was Links. Protis has a physical store in ZG, but as far as I can see, they don't have Passport in stock, but only order if someone wants to buy. Anyway, thanks for the info.
hero member
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Many of them said to keep Bitcoin in Binance Account, Ku Coin Account, Trust Wallet.Now my question is if I keep my bitcoins in these wallets will I be able to use them whenever I want and will it be safe.
Binance and KuCoin are exchanges and are centralised for that matter, keeping your assets in them is very risky. But Trust wallet is a good one for it's a non-custodial wallet with an open source.

Quote
Are there other wallets where bitcoins are most secure?
I want your opinion.
My candid opinion is for you to find non-custodial wallets with an open source, you may Google it and find lots of them. Also, DYOR on the ones you want to use eventually. But nothing is 100% secure on the internet, hacking could happen to the supposedly secured ones and your keeping of your wallets matters so much.

Nevertheless, it's arguably better if you can use the hardware wallet, its arrangement keeps it less porous to the internet. However, you would have to part ways with some costs and have to have a reasonable amount to store before this can be an economically good option for you.
legendary
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Passport, of course, has a higher price, which for us in Europe is above $250, but there are more than enough resellers and the device can be bought for cash in some countries in our area.
Afaik, only one store in our coutry sells Passport, and its an online store (Protis). I am on the lookout for a new hardware wallet and at the moment Passport is my first choice but I would prefer if I can buy it in a physical store.


He probably doesn't know about the FTX incident.
That doesn't have to be the case. I know a few people that have money stuck on both Celsius and FTX yet they still have coniderable amount of crypto on centralzied exchanges (mainly Binance) so majorify of people simply don't learn anything even from their own mistakes, let alone others.
hero member
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I've asked many people, big and small, which wallet bitcoins are the safest to store long-term.
Many of them said to keep Bitcoin in Binance Account, Ku Coin Account, Trust Wallet.

I think you asked newbies because only newbie can prefer these wallet. The first two are centralize exchange which means you have no control over your fund. You have no phrase and any misshapen with exchange or your account will lead to lost of fund. Trustwallet is although safe wallet than cex because you will have access to private key but still risk is found because Trustwallet is not open source wallet.

Now my question is if I keep my bitcoins in these wallets will I be able to use them whenever I want and will it be safe.

You can do it until exchange work well but you are in high risk because anytime exchange face serious issue like Mt gox and FTX. so better not to use these wallet for safety.

Are there other wallets where bitcoins are most secure?
I want your opinion.

If your fund is high then Multisig is best option. Another safe option is cold wallet and at the last I will prefer Electrum which is open source and I am also using it.
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Exchanges make me kinda nervous 'cause they've got all your coins and could get hacked whenever.  Electrum's probably the most popular desktop wallet out there.  But If you really wanna play it safe, you can run Electrum on an offline machine, like an old laptop or something.  Or you could simply buy a hardware wallet like others mentioned too.
hero member
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Bitcoin is a unique cryptocurrency that is very different from Fiat currency. Before you use Bitcoin for any transaction, you must first equip yourself about the place where Bitcoin is stored which is considered the safest. Choosing the right and safe wallet depends entirely on each individual, there are many types of bitcoin wallets that you can use, but I try to recommend a Hardware Wallet for you.

There are several advantages of hardware wallets compared to other wallets. The hardware wallet is resistant to viruses, the level of security is higher because the private key is stored on the hardware and is not connected to the software. The software used in its operation is also open source which makes it possible for users to validate all operations of the device. To make it easier for you to know what a hardware wallet is and its types, you can search using the keyword "Hardware Wallet"

Don't store your assets in a wallet available on the Exchange, there is no guarantee of security there because there have been many Exchange hacks in the past and it is possible that your assets could be taken away if at any time the Exchange where you store your assets goes bankrupt.
Remember, as long as you cannot control the private key, the assets contained in it do not belong to you.
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Are there other wallets where bitcoins are most secure?
I want your opinion.

I think electrum and bitcoin core are the best wallets for PC devices, but if you want even more security then I suggest you use a Hardware wallet like trezor. Wallets on exchanges are very dangerous because we don't hold our keys, the exchange has complete control over all our assets there and they can also freeze our wallets whenever they want. The FTX case in my opinion is a lesson in how wallet exchanges can be very dangerous in certain cases. We recommend that you only use exchange wallets to trade and store bitcoins in wallets to which you have full access
legendary
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I've asked many people, big and small, which wallet bitcoins are the safest to store long-term.
Many of them said to keep Bitcoin in Binance Account, Ku Coin Account, Trust Wallet.Now my question is if I keep my bitcoins in these wallets will I be able to use them whenever I want and will it be safe.
Are there other wallets where bitcoins are most secure?
I want your opinion.

Absolutely not, none of those you listed would be anywhere near the top of a list for safest, most trustworthy wallets. Others have said but cold storage should be your first choice method. Trezor would be the number one choice, please buy from the official website only www.trezor.io
hero member
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Non custodial wallet is the definition that you own Bitcoin and not a balance on a platform that controls your money. Therefore, you must have access to the private key in order to own your money. The nature of your use will determine the appropriate type of wallet. If you use Bitcoin periodically, it is better to buy a hardware wallet, otherwise an airgapped wallet is suitable, if that is configured. A computer that has not and will not connect to the Internet and download a wallet such as Electrum and/or Sparrow or purchase an airgapped HW wallet
If you do not know what to do, it is better to learn and then buy Bitcoin and not keep it in BINANCE.
sr. member
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I've asked many people, big and small, which wallet bitcoins are the safest to store long-term.
Many of them said to keep Bitcoin in Binance Account, Ku Coin Account, Trust Wallet.Now my question is if I keep my bitcoins in these wallets will I be able to use them whenever I want and will it be safe.
Are there other wallets where bitcoins are most secure?
I want your opinion.
I can see that you're new to the crypto space and you might not know the dangers attached in keeping your funds on centralized exchanges. Storing your funds on CEX means you're giving them custody over it and you could lose it if the exchange gets hacked, bankrupted or confiscated by the authorities. So if truly you're here to learn and amass knowledge, then you should read through the responses from forum members and take their advice very seriously. No your keys, not your coins.
He probably doesn't know about the FTX incident  New crypto users want to hold their crypto on a centralized exchange to save some fees.  For example, when Bitcoin is withdrawn from an exchange, some fee is deducted, and when it is brought back to the exchange for the purpose of selling, some transaction fee is deducted.  But these thoughts can put them in a lot of danger

when you make account on Trust wallet you have to keep a recovery key safe in order to access that account again.
There is no "account" in the Bitcoin network, use wallet instead. Trust wallet is a non-custodial wallet, but it is closed source and with being closed source you have to "trust" everything that the developers tell you about the wallet, keys and seed phrase. Atomic wallet is a good example of a closed source non-custodial wallet, they were hacked a few months ago, and quite a lot of their users lost their money, but even as i type this there is still no info from Atomic wallet about what happened. Thus don't use closed source wallets, even if they are non-custodial and give you a recovery phrase.
Trust wallet is fine but it will more secure if op use another Non-custodial wallet like Electrum or if op want to investment  a big capital then he should use hardware wallet those will help him to hold his bitcoin more securely without any problem
legendary
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A properly made cold wallet or something like a Passport is still the level of storage that people should be directed to, especially those who want to securely store much larger values than a few hundred $ worth of altcoins.
Vast majority of people store altcoins beside bitcoin on their hardware wallets so many will avoid passport for that reason too, and another issue with it is that its not easily available as some other more mainstream wallets like Ledger and Trezor. Add on that a bit higher price (even though ~$200 shouldn't be too much to store thousands of dollars worth of bitcoin) and in the end not many people actually get it.

It's true, most people are looking for multicurrency wallets because there are few who only have Bitcoin, which means that hardware wallets that offer such options will continue to be more popular, and also more affordable for the average user. Passport, of course, has a higher price, which for us in Europe is above $250, but there are more than enough resellers and the device can be bought for cash in some countries in our area.

I hope that some of them will offer a discount for Black Friday, and considering the increase in the price of BTC, this could be the best opportunity to buy such a device.
legendary
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when you make account on Trust wallet you have to keep a recovery key safe in order to access that account again.
There is no "account" in the Bitcoin network, use wallet instead. Trust wallet is a non-custodial wallet, but it is closed source and with being closed source you have to "trust" everything that the developers tell you about the wallet, keys and seed phrase. Atomic wallet is a good example of a closed source non-custodial wallet, they were hacked a few months ago, and quite a lot of their users lost their money, but even as i type this there is still no info from Atomic wallet about what happened. Thus don't use closed source wallets, even if they are non-custodial and give you a recovery phrase.
sr. member
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I've asked many people, big and small, which wallet bitcoins are the safest to store long-term.
Many of them said to keep Bitcoin in Binance Account, Ku Coin Account, Trust Wallet.Now my question is if I keep my bitcoins in these wallets will I be able to use them whenever I want and will it be safe.
Are there other wallets where bitcoins are most secure?
I want your opinion.
I can see that you're new to the crypto space and you might not know the dangers attached in keeping your funds on centralized exchanges. Storing your funds on CEX means you're giving them custody over it and you could lose it if the exchange gets hacked, bankrupted or confiscated by the authorities. So if truly you're here to learn and amass knowledge, then you should read through the responses from forum members and take their advice very seriously. No your keys, not your coins.
sr. member
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I've asked many people, big and small, which wallet bitcoins are the safest to store long-term.
Many of them said to keep Bitcoin in Binance Account, Ku Coin Account, Trust Wallet.Now my question is if I keep my bitcoins in these wallets will I be able to use them whenever I want and will it be safe.
Are there other wallets where bitcoins are most secure?
I want your opinion.
These stuff that you've listed isn't the best of them all, these are temporary wallets for when you don't have a lot of bitcoin, check out the story of Mt. Gox so you can understand why people in this forum are afraid of storing their bitcoins in non-custodial wallet. As many others have said time and time again, "Not your keys, not your coins." Regarding the best kind of wallet for storing bitcoin, you can never go with cold wallets or any wallets that you can store in an offline storage.
legendary
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That is one of the options, but the secure element is not something to rely too much on - because Ledger HW also has it, and in the end it turns out that the most sensitive data can still be extracted and shared with third parties.
Afaik, Trezor firmware is open source so hopefully community will figure it out if Trezor does anytyhing dodgy in that regard.


A properly made cold wallet or something like a Passport is still the level of storage that people should be directed to, especially those who want to securely store much larger values than a few hundred $ worth of altcoins.
Vast majority of people store altcoins beside bitcoin on their hardware wallets so many will avoid passport for that reason too, and another issue with it is that its not easily available as some other more mainstream wallets like Ledger and Trezor. Add on that a bit higher price (even though ~$200 shouldn't be too much to store thousands of dollars worth of bitcoin) and in the end not many people actually get it.
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I could recommend Trezor to someone with a note to additionally protect their account with a passphrase considering the irreparable vulnerability that allows anyone who has physical access to the device to extract the seed very easily
Or even better, get that new Trezor Safe 3 that has secure element.

That is one of the options, but the secure element is not something to rely too much on - because Ledger HW also has it, and in the end it turns out that the most sensitive data can still be extracted and shared with third parties. A properly made cold wallet or something like a Passport is still the level of storage that people should be directed to, especially those who want to securely store much larger values than a few hundred $ worth of altcoins.
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That platform you have given is the exchange and based on the name their purpose only and not as a wallet, people get too much confident with their money to that platform because they can now easily make a trade with their coins but at the end of the day, it's not your money because you do not have the full authorization with that funds if you want to, again, for now, its convenience to you but if anything can happen in the future that you don't have the control with that platform youll now get in trouble how to get your assets. The most ideal even if you do not have the budget for your cold wallet like a hardware wallet, still there's an available hot wallet like the Electrum, dont exchange a small convenience for your security just a tip.
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There are potential risks awaiting hardware wallet users too, most newbies believe that once you get a hardware wallet the risk is over, there is a possibility of hardware going from centralized to decentralized or even from.decentralized to centralized, there is also risks with the hardware wallet software updates.

When all you have to worry about is your private keys and recovery seeds, with hardware wallet there is more, I don't know if anyone read about the recent fake ledger app on a store where people lost a lot of Bitcoin in a matter of days, I think it's either last month or before, the thing is even hardware wallet users are not completely safe.

The only good practical way of storing Bitcoin that I will always support and prefer is paper wallet, by generating the wallet offline and write down your recovery seed, there is no need to want to update your software or anything, this get rid of such things.
full member
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I've asked many people, big and small, which wallet bitcoins are the safest to store long-term.
Many of them said to keep Bitcoin in Binance Account, Ku Coin Account, Trust Wallet.Now my question is if I keep my bitcoins in these wallets will I be able to use them whenever I want and will it be safe.
Are there other wallets where bitcoins are most secure?
I want your opinion.
Perhaps those person that advised you to store you Bitcoin are day to day traders that is why they have their Bitcoin in a centralized exchange. This is because it is quite expensive to cover the gas fee when they want to send form a trusted non-custodial wallet every time they want to trade. But it is not a good advisable for a person who is an investor and would want to store his investment. Good you ask for opinion here because they only told based on their experiences and that is why the forum is here for clearer understanding of Bitcoin.
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Many of them said to keep Bitcoin in Binance Account, Ku Coin Account, Trust Wallet.
<...>

Whoever said that to you either doesn't know what they're talking about or just doesn't want the best for you.  You really gotta think this through logically. how can your coins actually be safe long-term if you aint fully in control of the wallet itself? Binance and KuCoin are exchanges, they ain't wallets.  So what happens to all your coins if one day they just up and stop working? I mean, didn't you hear about what went down with one of the biggest exchanges last year? It was nuts.  

Anyway bottom line is, if you care about keeping your coins truly secure for the long haul, you gotta control the private keys to your wallet.  Exchanges can go belly up anytime.  Don't take unnecessary risks here.  Do your research and get yourself a proper crypto wallet that you control. As for Trust Wallet, I don't personally use it so I can't recommend it. It's probably good enough for smaller amounts.  But if you plan to keep your coins long term, I wouldn't use a hot wallet for that.
hero member
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I've asked many people, big and small, which wallet bitcoins are the safest to store long-term.
Many of them said to keep Bitcoin in Binance Account, Ku Coin Account, Trust Wallet.Now my question is if I keep my bitcoins in these wallets will I be able to use them whenever I want and will it be safe.
Are there other wallets where bitcoins are most secure?
I want your opinion.
Who are those many that have said to you that keeping on exchanges account are a safe method for storing your Bitcoins there for a long time?

It is not safe, their description means that they are an exchange so that's where the activity of exchange happens. It's not a place to store our Bitcoin.

Hardware wallet is a safe for long term but choose what you think is the right one for you and if you have no budget, just stay with Electrum.
hero member
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Are there other wallets where bitcoins are most secure?
I want your opinion.

The most secure wallet for bitcoin stash  is a multisig wallet with at least  two co-signers represented by HW from independent makers. In my view, the best available HW you can find  are  Passport 2 and ColdCard MK4 (or coming ColdCard Q1). I would advocate reading this tutorial which sheds the light on creation of Passport 2 - Sparrow - multisig wallet. It can be easily adopted to any arrangement of cosigners.
legendary
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It is hard for newbies to tell the difference between storing bitcoin in a centralized exchange and storing fiat in a bank account. There is chaotic difference, where do I begin.

- If a centralized exchange gets hacked, they go bankrupt, no funds for you. If a bank is hacked, transactions can be reversed.
- Even in a scenario where the bank goes bankrupt, there is legislation which grants you access to your money through deposit insurances; in the worst, the government intervenes.
- When deposing coins to a centralized exchange, you're agreeing this is practically not yours and that the company can use it however they like; many are caught implementing fractional reserve. (I know, the largest banks can do that too, but there is clearly lack of regulation here)
- Centralized exchanges are more frequently shut down, as they are targeted by hackers etc.
- There is no alternative to banking when it comes to electronic fiat. There is apparent alternative to using a centralized exchange; in fact, the very purpose of bitcoin is that alternative in the first place.
legendary
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Are there other wallets where bitcoins are most secure?
Worst thing you can do is to store Bitcoinon Binance and other centralized exchanges, this is not actually your bitcoin because you don't own the keys.

I wouldn't even suggest any closed source hot wallet, especially when we already have good open source wallets.
Best choice for most people are hardware wallets, something like Passport is good airgapped option if you use only Bitcoin, and new Trezor 3 Safe is very good overall option.
Open source hot wallets can also be used but only for storing smaller amount of coins.
hero member
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I've asked many people, big and small, which wallet bitcoins are the safest to store long-term.
Many of them said to keep Bitcoin in Binance Account, Ku Coin Account, Trust Wallet.Now my question is if I keep my bitcoins in these wallets will I be able to use them whenever I want and will it be safe.
Are there other wallets where bitcoins are most secure?
I want your opinion.
There are many types of wallets, once you get to know about them then it will be more easy for you to decide to which wallet to use. One is custodial and non custodial. In custodial you don't have the key or seed phrase to your wallet like when you keep funds in some centralized exchange like Binance, or the Kucoin, you don't have any keep to the wallet where you keep your funds and in Non-custodial you will be asked to backed up your wallet with some seed phrase like when you make account on Trust wallet you have to keep a recovery key safe in order to access that account again.

I would say go for non custodial wallets only, because if you have the key you are the real owner and if you don't then you are not the real owner even if you own the money. Because that money is now under CEX's control.

Then there comes hold and cold wallet, like hot wallets are like Electrum or TW and Cold wallets are know as hardware wallets like a small USB type, which have some way to give input and to show output too, some are touch or buttoned either way you can make direct Transactions from them and they are best way to store money for longer time.
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I've asked many people, big and small, which wallet bitcoins are the safest to store long-term.
Many of them said to keep Bitcoin in Binance Account, Ku Coin Account, Trust Wallet.Now my question is if I keep my bitcoins in these wallets will I be able to use them whenever I want and will it be safe.
Are there other wallets where bitcoins are most secure?
I want your opinion.

Lol, All that you mention is either custodial wallet or close source wallet which is not good in long term since there’s a chance that your Bitcoin will be lost once the company behind it went rouge.

Use Electrum and any open source code hardware wallet if you plan to hold your Bitcoin long term without any problem. You can access your Bitcoin whenever you want as long as you have your seed phrase safe. Invest on hardware wallet if you want a worry free holding in long term. It will be a painful lesson if you already hold for many years until your wallet got compromised since you use custodial wallet.
legendary
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I've asked many people, big and small, which wallet bitcoins are the safest to store long-term.
Many of them said to keep Bitcoin in Binance Account, Ku Coin Account, Trust Wallet.
Lol, who are these people? Based on the answer they gave you, I would suggest you not to listen to them or ask them about any crypto related issue as they are obviously ignorant.


Bitcoin enthusiasts who took an interest during the last bull run. They don't know anything about it, except that you can trade and make a profit without knowing the difference between wallet and exchange.
legendary
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I've asked many people, big and small, which wallet bitcoins are the safest to store long-term.
Many of them said to keep Bitcoin in Binance Account, Ku Coin Account, Trust Wallet.
Lol, who are these people? Based on the answer they gave you, I would suggest you not to listen to them or ask them about any crypto related issue as they are obviously ignorant.



I could recommend Trezor to someone with a note to additionally protect their account with a passphrase considering the irreparable vulnerability that allows anyone who has physical access to the device to extract the seed very easily
Or even better, get that new Trezor Safe 3 that has secure element.


legendary
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For long term hold, hardware wallets are surely the best especially when you will not need to be accessing the wallet every now and then. However, you must put extra care to protect the physical wallet just like you will protect your gold wrist watch or expensive jewelry. Trezor Model T and Ledger Nano X are good cold storage wallets.
~snip~


I could recommend Trezor to someone with a note to additionally protect their account with a passphrase considering the irreparable vulnerability that allows anyone who has physical access to the device to extract the seed very easily, but Ledger has become completely undesirable after its recovery service, unless you think that it is wise to share your backup with third parties and pay $9.99 every month? Of course it's only an option - but the fact that the seed can be extracted from your HW is more than enough warning in itself.



@hypothetical, centralized crypto exchanges are not a place for safe storage, but only a place where you buy/sell Bitcoin, and if you want the best possible protection, I recommend that you consider this HW -> Foundation Passport Official Thread
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I've asked many people, big and small, which wallet bitcoins are the safest to store long-term.
Many of them said to keep Bitcoin in Binance Account, Ku Coin Account, Trust Wallet.

Wrong,

Who are those recommending these ones to you, are they really bitcoiners, these are exchages except for trust wallet, don't leave your bitcoin with exchages else you will one day discover having the same experience the users of FTX, Mt Gox exchanges have and loose their asset completely without having them recovered.

Now my question is if I keep my bitcoins in these wallets will I be able to use them whenever I want and will it be safe.

No, you can't have access to yiur coins anytime as you want, they are centralized exchange, having similarities with banks, they have censorship, your money with them is not your money, it's theirs because they have custodial exchanges, they are not recognized as wallets but accounts.

Are there other wallets where bitcoins are most secure?

this are the best i could recommend for your use.

wallets for security and privacy
Bitcoin Core
Passport
Electrum
Sparrow Bluewallet
legendary
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I've asked many people, big and small, which wallet bitcoins are the safest to store long-term.
What are big and small people?
Did you mean people with big and small capital?

Your question is wrong because when you store your money, you always need it to be stored safely. You never want to lose your money, your bitcoins after one hour, one day or longer time so the question must be "What are Bitcoin wallets for safe storage?

Non custodial (you control the private keys - Not your keys, not your coins), open source (it is reproducible from open source code & reproducible is helpful for testing the wallet).

Quote
Many of them said to keep Bitcoin in Binance Account, Ku Coin Account, Trust Wallet.Now my question is if I keep my bitcoins in these wallets will I be able to use them whenever I want and will it be safe.
Read
Reminder: do not keep your money in online accounts
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safe wallets are when you have full control, unlike finance and kucoin, kucoin trivia kucoin has been hack before you sure you want to keep you funds there,
although their security have been upgrade I think, I would not try store my money there because of that, at the same time, even if you have full control over these wallet make sure to properly keep your private keys, because it might be lost and your money will be gone forever or if you just keep your keys in gmail or any online storage, they might get hack and also your account and get those keys, keeping them safe is also your priority.
sr. member
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I've asked many people, big and small, which wallet bitcoins are the safest to store long-term.
Many of them said to keep Bitcoin in Binance Account, Ku Coin Account, Trust Wallet.Now my question is if I keep my bitcoins in these wallets will I be able to use them whenever I want and will it be safe.
Are there other wallets where bitcoins are most secure?
I want your opinion.
Binance, kucoin all are Centralized exchange so Those are always risky to hold high amount of bitcoin because anytime  can happen anything like FTX and also your account can got hacked or restricted for any issues so always avoid those. you should always choice a Non-custodial wallet like Electrum or hardware wallet. then Using these can keep your bitcoins secure. always remember not your key not your bitcoin. so do not use any Centralized exchange or wallet for holding your bitcoin
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I would suggest using something like a ColdCard to generate your seed phrase (with 99 dice rolls) and then punch it into a solid steel plate like the Codl Co. Punch Plate and then put it in an important looking envelope and place it somewhere safe.

That is the safest way to generate your own seed phrase with your own entropy, write it down on something that will last a lifetime (and beyond), and then keep it somewhere safe.

For actually sending bitcoin, I would recommend using Sparrow Wallet with your ColdCard to sign and broadcast transactions.

I think that is about as simple as it can be with as much security as you can possibly have for a normal user. Best of luck.
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I've asked many people, big and small, which wallet bitcoins are the safest to store long-term.
Many of them said to keep Bitcoin in Binance Account, Ku Coin Account, Trust Wallet.Now my question is if I keep my bitcoins in these wallets will I be able to use them whenever I want and will it be safe.
Are there other wallets where bitcoins are most secure?
I want your opinion.

This is the same reason it's good to get information for the right source or people with good knowledge about Bitcoin.  From my own point of view, the persons recommending these exchanges to you as wallets are obviously newbies in Bitcoin. That's because someone with experience about Bitcoin would know very well that binance and kucoin are exchanges and you are not supposed to store your coins in any exchange (not your keys not your coins) the worse part of it all is trust wallet. It shouldn't even be on your list if your will like to hodl Bitcoin for a long term.

The best advice, is to use a hardware wallet or cold storage, such as Trezor or Safepal, if you can afford them. Many people use hot wallets (like mobile wallets), but it's important to use the most secure ones, such as Electrum, Mycelium, Bitcoin Core, or Blue Wallet. Whichever wallet you select, make sure to research and choose the one that fits you best.
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Your list of wallets you mentioned are exchanges except for trustwallet. If you use the exchange wallet you don't actually own them and you don't have full control of your wallet(except trust wallet) unlike using a non-custodial wallet.

Since you are looking for safest and secured that you can hold BTC for long term then Electrum cold wallet is your best choice.
To make an Electrum cold storage wallet I suggest follow this guide below.

- https://bitcointalksearch.org/topic/how-to-install-tails-os-on-usb-flash-drive-for-wallet-purpose-5228801
legendary
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I'm agreeing with the last posters: Don't keep your funds on an exchange or online wallet! Really! We've seen tons of them going bankrupt, running with user's money, locking accounts, getting hacked, phishing attacks,... Letting somebody else manage your keys is a bad, bad, idea... No matter how big or trusted the exchange or online wallet is!

If you want the most secure setup, learn how to properly generate a paper wallet or do an airgapped setup using a trusted wallet implementation (like electrum or bitcoin core).
If you want a really secure setup that has a smaller learning curve and is easier to work with than a paper wallet or an airgapped setup, opt for a trusted hardware wallet with an extended seed.
If you want a reasonably secure setup, make sure you have a clean pc with up to date os + firewall + AV and use a proper desktop wallet (like electrum or core).
If you want to give somebody else complete control over your funds so they can rob you, lock you out, KYC you, have your credentials bruteforced, or fall victim to phishers: go for exchanges or online wallets.

Do note that there is no 100% secure solution... Even if you opt for a paper wallet or an airgapped setup, there is always a chance for a buggy RNG or an evil maid attack, or your seed phrase (or paper wallet, or airgapped machine) might get stolen,... I guess it's just life, there are no 100% guarantees, and this extends to crypto currency as well.
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For long term hold, hardware wallets are surely the best especially when you will not need to be accessing the wallet every now and then. However, you must put extra care to protect the physical wallet just like you will protect your gold wrist watch or expensive jewelry. Trezor Model T and Ledger Nano X are good cold storage wallets.

For wallets you will access regularly,  Exodus and Electrum are good hot wallets with the former very good for beginners and the later for advanced users. 

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Not your key not your coin. Majority of those you listed excluding trust wallet is an exchange and it’s not advisable for anyone to keep their coin in an exchange.

If I’m to advise you I’d ask you to with but a hardware wallet or if you’re unable to afford one just try to create an airggapped wallet using electrum wallet that will give you the same security as using a hardware wallet.

If you have any reasonable coin in your binance or any other exchange make sure you create a non-custodial wallet and transfer your coin there.
sr. member
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I've asked many people, big and small, which wallet bitcoins are the safest to store long-term.
Many of them said to keep Bitcoin in Binance Account, Ku Coin Account, Trust Wallet.Now my question is if I keep my bitcoins in these wallets will I be able to use them whenever I want and will it be safe.
Are there other wallets where bitcoins are most secure?
I want your opinion.
A custodial wallet means you are holding your money or bitcoins with someone else. Custodial wallets are wallets where you deposit your bitcoins with another organization. For example, bank custodial wallet. Custodial wallet for Bitcoin is - Coinbase. Additionally, any exchange you use as a wallet is also a custodial wallet. Such as - Binance, Cuckooin, Okex etc. Here if you want to send bitcoin to someone, they have to request a withdrawal, then they send after some time. Sometimes if they feel any problem then they ask you to provide other details like your National ID and verify the account.

On the other hand non custodial wallet wallet means you are keeping the money or bitcoins with you. Here you can withdraw whenever you want. There are many such non-custodial wallets for Bitcoin. Eg - Bitcoin Core, Electrum Wallet, Hardware Wallet (Ledger, Treasure, SafePal) etc. I think keeping your bitcoins in these wallets will be the safest.
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The best form of bitcoin storage is using a cold storage and none of those wallets or exchanges you listed up there are not cold storage.

A cold wallet are those wallet that are completely off the internet and potential risks like your wallet getting hacked is not there. Example is the hardware wallets or a wallet set up on an airgapped devices, this device must have not touched the internet before and would not touch the internet ever. To use it online to either check for new incoming transactions or broadcast your transactions you will need to set up a separate watch only wallet on an online device, this doesn’t exposes you to danger as watch only do no store your keys. Here is how to set up one on electrum https://electrum.readthedocs.io/en/latest/coldstorage.html

The other important things to check out in storing your bitcoin is
1. Do not store your coins on exchanges because you don’t have full ownership of the wallet, KuCoin and binance are exchanges
2. Use an open source wallet, trustwallet is a close source wallet and if any changes is done you wouldn’t be aware about it.

newbie
Activity: 13
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I've asked many people, big and small, which wallet bitcoins are the safest to store long-term.
Many of them said to keep Bitcoin in Binance Account, Ku Coin Account, Trust Wallet.Now my question is if I keep my bitcoins in these wallets will I be able to use them whenever I want and will it be safe.
Are there other wallets where bitcoins are most secure?
I want your opinion.
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