Which wallet should a beginner choose? - page 2.

Latviand

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Quote from: adaseb on May 16, 2023, 11:49:07 PM

If you are only going to invest $200. Then just keep it on the exchange. Basically get a unique password, use non sms 2fa and don’t click any phishing links and your exchange will keep it safe for you.

You can get hardware wallet but for amounts that low it’s not worth it. You can try using electrum offline which would be free. Try and search this forum for instructions.

But OP wants to be safe, although I agree with you that keeping that in exchange might be the best option, maybe OP is considering increasing his/her investment if the wallet that OP will buy will prove to be effective for storing OP's crypto.

To OP, you should consider factors such as security, ease of use, supported cryptocurrencies, and compatibility when choosing a wallet, don't have to sweat out that part though, as long as it's right in your budget and you're happy with it.

borovichok

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Quote from: Oneandpure on May 16, 2023, 10:34:40 PM

Depend on your trading kinds and which one exchange do you choose dapp or CEX, recommended under $200 capital trade on CEX exchange you can choose like Binance, Kucoin and Huobi. As beginner easy with small fund trading on CEX exchange without have to pay higher fees transaction when trading than on dapp exchange have to pay higher fees exactly ERC20 network trading on UNISWAP.

But if you want to be long term holding or investor you can choose hardware wallet for saving you investment assets than exchange, depend on your decision which one method to earn in cryptocurrency as short term or long term holding. If you want spent $200 in hardware wallet you need purchase early 30$ until 50$ for paying hardware wallet tools.

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Quote from: durop77 on May 16, 2023, 04:31:17 AM

I decided to buy a wallet and try to make money on the crypt. Which one to choose, is there at a price of more than $ 200 is there less, what to pay attention to? It is for a beginner, I don't want to lose a lot of money if something doesn't work out.

A beginner should first understand how much amount he wants to invest and for how many days he wants to hold it. If the amount is small then I don't think it makes sense to waste money on buying a hardware wallet. But if the investment amount is a bit big then it is better to buy hardware in that case. However, only $50 is available to buy a hardware wallet. Such as Sefpal, Ledger or Trezor. But if you want to invest less amount then in that case you can use non-custodial wallet in the beginning it will also give security to your investment.

Ultegra134

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Quote from: Oshosondy on May 17, 2023, 07:52:24 AM

Quote from: durop77 on May 16, 2023, 04:31:17 AM

I decided to buy a wallet and try to make money on the crypt. Which one to choose, is there at a price of more than $ 200 is there less, what to pay attention to? It is for a beginner, I don't want to lose a lot of money if something doesn't work out.

Buy passport. It is the best hardware wallet that I see now.

Trezor is my best before if you know about adding passphrase to your wallet while creating a wallet with it. Because without the passphrase, Trezor is not safe if stolen. An attack can be done if a thief stole the hardware wallet. Adding passhrase will let that not to happen. I like Trezor before the introduction of coinjoin with the help of wasabi wallet.

Bitbox02 is perfect except that it supports AOPP which many people do not like. It is only applicable to those in their country Switzerland, but it can be like a virus that can spread to other countries, people do not like Bitbox02 for that reason. But it is a very secure wallet that can be used.

Quote from: livingfree on May 16, 2023, 07:51:59 AM

Ledger or Trezor.

You have to exclude Ledger because it is one of the worst wallets that you can buy right now. If you want to know why, you can read this two topics:

@theymos - Time to update the current Ledger situaion @ Important Announcements?
Ledger Recovery - Send your (encrypted) recovery phrase to 3rd parties entities

Read the second topic which is the most important and can be seen on the first topic. Ledger is becoming stupider day by day.

Thank you for sharing. I had no idea that Ledger wasn't as safe as it was thought to be. I'm also planning to purchase a hardware wallet soon and was considering one of the two major brands. I would have bought one, but I'm currently away from home. Trezor is currently running a promotion for 15% off; the basic version starts at €58, which is nothing compared to the safety of your funds. Desktop wallets are generally safe, but the environment is usually the issue because of possible threats such as malware or keyloggers; thus, a hardware wallet is an ideal way to protect your funds without too much hassle.

Oshosondy

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Quote from: durop77 on May 16, 2023, 04:31:17 AM

I decided to buy a wallet and try to make money on the crypt. Which one to choose, is there at a price of more than $ 200 is there less, what to pay attention to? It is for a beginner, I don't want to lose a lot of money if something doesn't work out.

Buy passport. It is the best hardware wallet that I see now.

Trezor is my best before if you know about adding passphrase to your wallet while creating a wallet with it. Because without the passphrase, Trezor is not safe if stolen. An attack can be done if a thief stole the hardware wallet. Adding passhrase will let that not to happen. I like Trezor before the introduction of coinjoin with the help of wasabi wallet.

Bitbox02 is perfect except that it supports AOPP which many people do not like. It is only applicable to those in their country Switzerland, but it can be like a virus that can spread to other countries, people do not like Bitbox02 for that reason. But it is a very secure wallet that can be used.

Quote from: livingfree on May 16, 2023, 07:51:59 AM

Ledger or Trezor.

You have to exclude Ledger because it is one of the worst wallets that you can buy right now. If you want to know why, you can read this two topics:

@theymos - Time to update the current Ledger situaion @ Important Announcements?
Ledger Recovery - Send your (encrypted) recovery phrase to 3rd parties entities

Read the second topic which is the most important and can be seen on the first topic. Ledger is becoming stupider day by day.

jeraldskie11

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Quote from: durop77 on May 16, 2023, 04:31:17 AM

I decided to buy a wallet and try to make money on the crypt. Which one to choose, is there at a price of more than $ 200 is there less, what to pay attention to? It is for a beginner, I don't want to lose a lot of money if something doesn't work out.

I think ledger is what you are looking for since this hardware wallet worth less than $200. This is very secured and it's recommendable to keep all your assets in here especially if your investment worth a lot of money. But if you're only using ledger to keep just a small value of cryptocurrency, I wouldn't recommend to use it. There are many secured software wallets out there where you can keep it. I've been using Electrum wallet for awhile and I found no issue with it, so better to keep it there. I think it's practical to add your $200 into a coin or a token you're currently invested rather than buying a hardware wallet.

adaseb

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If you are only going to invest $200. Then just keep it on the exchange. Basically get a unique password, use non sms 2fa and don’t click any phishing links and your exchange will keep it safe for you.

You can get hardware wallet but for amounts that low it’s not worth it. You can try using electrum offline which would be free. Try and search this forum for instructions.

Oneandpure

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Depend on your trading kinds and which one exchange do you choose dapp or CEX, recommended under $200 capital trade on CEX exchange you can choose like Binance, Kucoin and Huobi. As beginner easy with small fund trading on CEX exchange without have to pay higher fees transaction when trading than on dapp exchange have to pay higher fees exactly ERC20 network trading on UNISWAP.

But if you want to be long term holding or investor you can choose hardware wallet for saving you investment assets than exchange, depend on your decision which one method to earn in cryptocurrency as short term or long term holding. If you want spent $200 in hardware wallet you need purchase early 30$ until 50$ for paying hardware wallet tools.

bittraffic

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Currently, there is an issue with the Ledger wallet that pissed off their customers regarding their TOS. I think it's for the new hardware where they decide to allow users recovery of seed. From what I understood, they are going to send the seed to 3rd party for the seeds to be kept.

This is the article I've read. https://www.coindesk.com/tech/2023/05/16/ledger-bats-back-criticism-of-new-wallet-recovery-service/

People are already saying this is not an opensource wallet so seems very sketchy to just trust them about it. I wanna hear some opinions from you gus about this.

SquirrelJulietGarden

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Quote from: durop77 on May 16, 2023, 04:31:17 AM

I decided to buy a wallet and try to make money on the crypt.

There are open source non custodial wallets and they are free to use. You don't have to spend money to buy and use open source wallets.

Quote

Which one to choose, is there at a price of more than $ 200 is there less, what to pay attention to?

You can consider to buy hardware wallets.
[LIST] Open Source Hardware Wallets
If you want to buy Ledger wallet, consider it carefully and you can choose another hardware wallet as Ledger just makes a bad movement.
Ledger Recovery - Send your (encrypted) recovery phrase to 3rd parties entities

Quote

It is for a beginner, I don't want to lose a lot of money if something doesn't work out.

Reminder: do not keep your money in online accounts
[General] Bitcoin Wallets - Which, what, why?

Make your wallet backups, don't forget this step.

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Quote from: durop77 on May 16, 2023, 04:31:17 AM

I decided to buy a wallet and try to make money on the crypt. Which one to choose, is there at a price of more than $ 200 is there less, what to pay attention to? It is for a beginner, I don't want to lose a lot of money if something doesn't work out.

you don't need to spend $200 to own hardware wallets, they are much cheaper. the 2 most popular wallets today are Ledger and Trezor, but there is some unclear information about Ledger wallets, so I recommend you get yourself an affordable Trezor wallet, and the one thing it excels in is open source. For a bitcoin investor, storage is extremely important knowledge, I'm glad you've been interested in it since you were a newbie.

Lanatsa

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Quote from: durop77 on May 16, 2023, 04:31:17 AM

I decided to buy a wallet and try to make money on the crypt. Which one to choose, is there at a price of more than $ 200 is there less, what to pay attention to? It is for a beginner, I don't want to lose a lot of money if something doesn't work out.

You could really be having these choices

Electrum (Bitcoin) - Non-custodial - ITS TOTALLY FREE https://electrum.org/#home
Myetherwallet (ERC20) - Non-custoridal - ITS TOTALL FREE http://myetherwallet.com/

If you do talk about Hardware wallets which is considerable specially if you've been holding tons of coins.
Then you could choose up in either two.

Trezor - https://trezor.io/
Ledger- https://www.ledger.com/

Just visit out the sites and you would be able to surf and searched out on what best first for you.
Just remember: Not your Keys, not your coins. Grin

GeorgeJohn

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Quote from: durop77 on May 16, 2023, 04:31:17 AM

I decided to buy a wallet and try to make money on the crypt. Which one to choose, is there at a price of more than $ 200 is there less, what to pay attention to? It is for a beginner, I don't want to lose a lot of money if something doesn't work out.

You don't have ask a numerous question again because the answers to your question has already be give by noorman0, just click on those links dropped in his comment, you will read and understand exactly what wallet you should use, secondly when you have achieve or known of something that made you to ask questions, just try and study it and also lock your thread.

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Quote from: Ojima-ojo on May 16, 2023, 07:41:43 AM

Talking about service, the Neno wallet device has a long life span

What is Neno? Never heard of that kind of wallet device before.

Quote from: safar1980 on May 16, 2023, 06:22:21 AM

Buy this wallet
https://shop.ledger.com/pages/ledger-nano-x

Quote from: livingfree on May 16, 2023, 07:51:59 AM

Ledger or Trezor.

Quote from: Ultegra134 on May 16, 2023, 08:29:12 AM

If it's simply for Bitcoin, why don't you get started with Electrum, and you can move to a hardware wallet such as Ledger or Trezor,

Quote from: ajiz138 on May 16, 2023, 08:55:17 AM

Hardware wallets vary, especially if you have enough capital to buy it, just choose which one is your criteria for the hardware, I think the list shown by @noorman0 is complete, but the most common ones are Trezor and Ledger,

Folk, when suggesting the best wallet for someone, please keep updated to avoid misinformation. Firstly, Ledger wallets are not open source like trezor wallet

Secondly, there is something going on with ledger, and this would not be the right time to recommend someone to buy any of their wallets Wink

Read this thread for more information: Ledger Recovery - Send your (encrypted) recovery phrase to 3rd parties entities

safar1980

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Quote from: Jawhead999 on May 16, 2023, 08:32:56 AM

@OP I think you're meant an exchange, not a wallet isn't? as you said you want to make money on crypto and don't want to lose a lot money.

The most safest wallet is hardware wallet which cost minimum of $50. Hardware wallet is non custodial, you can't buy coins from there, you need an exchange to buy crypto.

I don't think P2P or DEX is convenient for trading, so I recommend to use CEX. When you have buy crypto in CEX, you need to pay trading fee and when you move your coins to your wallet, you need to spend more money for withdrawal fee. I heard Kraken seems offer a cheap trading and withdrawal fee, but I don't know now since the fee is quite higher than before.

BUY CRYPTO IN LEDGER LIVE
https://www.ledger.com/blog/buy-crypto-in-ledger-live
This feature, operated by our partners Coinify and Wyre, is available directly in the Ledger Live application. Pick your favorite crypto among Bitcoin, Ethereum, Bitcoin Cash, Stellar, USDT, Polkadot, Litecoin, Chainlink, MakerDao, Dogecoin, Uniswap, Compound and many more. Find out more about options, eligibility and payments methods here.
https://www.ledger.com/blog/buy-crypto-through-ledger-which-provider-is-made-for-me

But if you want to be anonymous, it is better to buy cryptocurrency for cash.

ajiz138

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Hardware wallets vary, especially if you have enough capital to buy it, just choose which one is your criteria for the hardware, I think the list shown by @noorman0 is complete, but the most common ones are Trezor and Ledger, maybe you can see the advantages and disadvantages of youtube reviews or here.

I myself am a Trezor user to store bitcoin while Ledger will be my collection later now it is still in the shipping process.

As a beginner, you must first understand what will be needed so that when you are ready to buy, you already know the function and can operate it properly.

Jawhead999

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@OP I think you're meant an exchange, not a wallet isn't? as you said you want to make money on crypto and don't want to lose a lot money.

The most safest wallet is hardware wallet which cost minimum of $50. Hardware wallet is non custodial, you can't buy coins from there, you need an exchange to buy crypto.

I don't think P2P or DEX is convenient for trading, so I recommend to use CEX. When you have buy crypto in CEX, you need to pay trading fee and when you move your coins to your wallet, you need to spend more money for withdrawal fee. I heard Kraken seems offer a cheap trading and withdrawal fee, but I don't know now since the fee is quite higher than before.

Ultegra134

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Okay, I'll take it from scratch. What are your goals regarding cryptocurrencies? Are you aiming to acquire Bitcoin and/or other altcoins as well, or do you already own crypto? I can't fully comprehend what you mean. If it's simply for Bitcoin, why don't you get started with Electrum, and you can move to a hardware wallet such as Ledger or Trezor, both of which are quite affordable too, in the future, when you're more familiar with cryptocurrencies too? I don't believe that it's absolutely necessary to start with a hardware wallet unless you're holding an amount worth over $1,000 or $2,000 and desktop wallets don't seem safe enough for you, which they are, depending on how you use your PC. If you're downloading torrents 24/7, don't expect to be malware-free.

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Quote from: durop77 on May 16, 2023, 04:31:17 AM

I decided to buy a wallet and try to make money on the crypt. Which one to choose, is there at a price of more than $ 200 is there less, what to pay attention to? It is for a beginner, I don't want to lose a lot of money if something doesn't work out.

Ledger or Trezor.

These are the most common hardware wallets that you can choose from. You'll have no problem with their reputation because if someone is mentioning about hardware wallets, these two will always be in front of the talks.

Your $200 is already more than enough and you can even have both of it.

Ojima-ojo

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Quote from: durop77 on May 16, 2023, 04:31:17 AM

I decided to buy a wallet and try to make money on the crypt. Which one to choose, is there at a price of more than $ 200 is there less, what to pay attention to? It is for a beginner, I don't want to lose a lot of money if something doesn't work out.

Talking about service, the Nano x wallet device has a long life span unless you subject the device to intense pressure heat or other destructive actions, if not the design is for long-term durability and from a price of $100 or above you can get one.

But also note that there are other recommended online wallets such as the electrons wallet and blue wallet with a host of others, that can give you good services also as a beginner.

Topic: Which wallet should a beginner choose? - page 2. (Read 438 times)