Topic: wondering what wallet to use?(long term) - page 3. (Read 508 times)
Coin base is the best wallet to hold your bitcoin for longer period. I don't face any such hacking in coinbase.Some people are raising their bitcoin in coin base wallet was stolen.I don't means,their words are false.The true is ,I don't face anything yet.So Coinbase is best wallet for long term holders.
What hardware wallets take what coins ?
The two hardware wallets you should become familiar with are the Trezor and the Nano-s. The nano-s holds just about every altcoin you'd want to trade, anything they don't yet support is probably not worth your while.
Here's the list of coins supported by nano-s: https://www.ledgerwallet.com/cryptocurrencies
I typically suggest using an official (or officially endorsed) wallet for any given coin. So, for Bitcoin i would suggest using the Bitcoin Core Wallet, for Litecoin i would suggest Litecoin Core, and for Ethereum i would suggest either Ethereum Wallet or MyEtherWallet.
Investors holding accounts at an exchange, including mobile app wallets like Mycelium, are vulnerable because all of their assets could be stolen.
Investors holding a substantial amount of bitcoins should always use a wallet or exchange that uses cold storage. ( By: Ellen Chang )
Investors holding a substantial amount of bitcoins should always use a wallet or exchange that uses cold storage. ( By: Ellen Chang )
are you just copy pasting different quotes out of context here? because the way you are quoting them here is contradictory and misleading.
you should NEVER EVER use exchanges as a way to store your cryptocurrencies. you should use cold storage yourself not trust the exchange to use it for their funds. when you deposit on an exchange you give up your ownership and depend on them to be honest enough to pay you back what you gave them, it doesn't matter where they hold these funds.
Sorry, will fix it
Investors holding accounts at an exchange, including mobile app wallets like Mycelium, are vulnerable because all of their assets could be stolen.
Investors holding a substantial amount of bitcoins should always use a wallet or exchange that uses cold storage. ( By: Ellen Chang )
Investors holding a substantial amount of bitcoins should always use a wallet or exchange that uses cold storage. ( By: Ellen Chang )
are you just copy pasting different quotes out of context here? because the way you are quoting them here is contradictory and misleading.
you should NEVER EVER use exchanges as a way to store your cryptocurrencies. you should use cold storage yourself not trust the exchange to use it for their funds. when you deposit on an exchange you give up your ownership and depend on them to be honest enough to pay you back what you gave them, it doesn't matter where they hold these funds.
What hardware wallets take what coins ?
If you're planning to BTCitcoins long term here's some advice from various cybersecurity experts,
Keeping bitcoins in a secure place has proven to be difficult, says John Black, vice president of education at SecureSet, a Denver-based immersive, accelerated cybersecurity academy. Investors holding accounts at an exchange, including mobile app wallets like Mycelium, are vulnerable because all of their assets could be stolen.
"Just as you would never walk out of your home with a lot of cash in your wallet, you should not hold a lot of bitcoins in a wallet on your phone," he says. "Instead, you should use 'cold storage,' which is a way of storing your bitcoins offline so they are not subject to online hacking."
Investors holding a substantial amount of bitcoins should always use a wallet or exchange that uses cold storage. ( From Ellen Chang's article link here )
This is why I always recommend to use "cold storage".
Keeping bitcoins in a secure place has proven to be difficult, says John Black, vice president of education at SecureSet, a Denver-based immersive, accelerated cybersecurity academy. Investors holding accounts at an exchange, including mobile app wallets like Mycelium, are vulnerable because all of their assets could be stolen.
"Just as you would never walk out of your home with a lot of cash in your wallet, you should not hold a lot of bitcoins in a wallet on your phone," he says. "Instead, you should use 'cold storage,' which is a way of storing your bitcoins offline so they are not subject to online hacking."
Investors holding a substantial amount of bitcoins should always use a wallet or exchange that uses cold storage. ( From Ellen Chang's article link here )
This is why I always recommend to use "cold storage".
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