Topic: wondering what wallet to use?(long term) (Read 508 times)
I preffer hardware wallet, as from the time i buy and i use it, i never had any problem, neither with bitcoin or altcoins i store on it. But also when use hardware wallet make sure PC is not infected and address change when send, so is better always check address on hardware screen before send it, and all should be ok.
Just create a wallet at https://www.bitaddress.org save the private keys on a notepad and send your bitcoin into it, you can buy a usb and copy the private keys of your created wallet and save it and keep it in your safety storage cabinet/drawers for a long time.
Nowadays, There are so many wallets for you to use but not all of them are safe. To what i know, hardware wallet is the safest wallet to use.
I would recommend Electrum wallet if you're not storing a major fortune, then Electrum wallet should be your first choice. In my experience I have found it simple and easy to use, it's secured and safe plus I like the fact that they have a mobile app for it to. If you're planning to store a huge volume then I would suggest a Trezor wallet it's the most secured wallet out there.
I’d recommend cold storage too. The main advantage of cold storage, is its immunity from most potential vulnerabilities that come from web exposure. To maximize the security of your cold storage, keep them in a safe, safe-deposit box, or other location that affords an additional layer of protection.
Other safety tips are welcomed, of course.
I also highly recommend cold storage. for me, cold storage is the safest place for people to store your cryptocurrency. Other safety tips are welcomed, of course.
Nowadays, There are so many wallets for you to use but not all of them are safe. To what i know, hardware wallet is the safest wallet to use.
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".
For the highest level of security, hard wallets like Ledger Nano and Trezor work best. But they cost you money. If you would like to go for a free option, there are some really good soft wallets available. What has really bothered me about crypto wallets is their inability to tackle security issues like theft. I was recently exploring some options and I came across this wallet app. It has this Anti-theft Wipe feature that allows users to erase wallet data remotely from a stolen device. Also, it supports built-in multiple currency swap. It is called PINT. You can check it out on Google Play:
https://play.google.com/store/apps/details?id=com.pint.app
I’d recommend cold storage too. The main advantage of cold storage, is its immunity from most potential vulnerabilities that come from web exposure. To maximize the security of your cold storage, keep them in a safe, safe-deposit box, or other location that affords an additional layer of protection.
Other safety tips are welcomed, of course.
Other safety tips are welcomed, of course.
As for me, I would advise a hardware wallet. It has proven to be the most secure coin wallet ever. No record of hack or cyberattack has been recorded.
There is no wallet completely safe in crypto world. But depending on your wallet, you can limit the percent of being hacked. For my experience, i always choose cold wallet for storing cryptcurrency, it is quite safe and secure for me.
They said that there are offline storage that we can store our bitcoin from there, so if we can store our bitcoin in a long-term and wants to encash it in a good value then we can transfer it in an online wallet and encash it if we want it.
Personally, I'd either recommend a trusted hardware wallet, or a paper wallet (with multiple paper backups stored in trusted) locations.
Take the cold storage/hot wallet approach (95%+ funds stored in cold, 5% in hot)
Take the cold storage/hot wallet approach (95%+ funds stored in cold, 5% in hot)
Personally i like to use hardware wallet. Because i feel these wallets are secure and safe. Hacker can’t hack these wallets. But it’s true any wallet can’t provide you 100%security.
I also recommend hardware wallet to save for long-term, make sure you have backups for that and you can save, the hardware wallet in a safe place, and you won't find any threats. almost 99% safe, I can guarantee that
Paper wallets has always been the go to option for long-term storage. The coins is not stored in a centralized service and nobody has access to your private keys. The secret to good cold storage is the creation of the paper wallets. You have to create these wallets on a media that is not accessible to the internet.
You also need at least 3 different locations to hide these paper wallets < Protect it against fire/floods/theft and any other disaster that might happen >
You also need at least 3 different locations to hide these paper wallets < Protect it against fire/floods/theft and any other disaster that might happen >
I hold some altcoin at my Bittrex wallet, I use Bittrex more than three years and still keeping my asset there, you can use Bittrex or binance for saving your asset but you have use security for your exchange account, or you can use hardware wallet for long time holding.
We have many wallets we can use to keep bitcoin for a long-term, and I think it's better to choose hardware wallets like Ledge S Nano or Trezor. Once you move your bitcoin to one of that wallet and you can save the private keys, you don't have to worry about anything unless you cannot save the hardware wallet in a safe place. A paper wallet is a good option too, but I don't have any experience with the paper wallet.
I think coinbase is one of the best wallet to hold your bitcoins for a longer period of time.
My best choice ever is always hardware wallet. You can read this post to see how people think about hardware wallet. https://bitcointalk.org/index.php?topic=2270804.new#new
Though Ledger Nano S supports more than 700 coins and tokens, I have a trezor which supports only certain coins but you can use MEW on trezor to hold all your tokens. Both are suggested for keeping your assets long term.
If you think long term security should be in the forefront. Hardware wallet may be the best option for you.
my suggestion is better to use an official wallet, if you hold bitcoin it's better to use coinbase, and if you hold eth it's better to use MyEtherWallet, because so far I've never had a problem with those wallets.
From what I know, hardware wallet is one of the safest and secure one compared to the rest of the wallet because private keys will never exposed in the computer.
It's a good idea to use "Cold Wallet" because it's especially safe for investors who plan to hold bitcoins for a long time. And this is also what I use to protect my BTC from hackers. Trusted I've proven this for a long time when I hold my hidden bitcoins so it's your use especially if your long term investment is your intention.
There are wallet that you can use to keep your wallet safe also wallet for long term you can pick any wallet its up to you what wallet you trust like Bitcoin Core Wallet, for Litecoin i would suggest Litecoin Core, and for Ethereum i would suggest either Ethereum Wallet or MyEtherWallet. And your bitcoin properly to the wallet that you choose.
Wallet used for the long term is Eth wallet because many projects that use it for giving rewards to clients and developers also many who support it.
very important because this wallet like our lives, it takes meleliness in choosing internet wallet that we will use in long term
I am using online wallet since I join in crypto and that coins.ph because it is in my country, this wallet provider also serve us as exchange to our regular local money and we can pay bills, we can also cash-out directly into banks account, and now they are also has ethereum wallet, it is safe to used this wallet because it is regulated by our government.
there's a lot of wallet that you can use its up to you and to your country what is applicable, but for the long term wallet I suggest to you what is wallet you can use he Bitcoin Core Wallet, for Litecoin i would suggest Litecoin Core, and for Ethereum i would suggest either Ethereum Wallet or MyEtherWallet. Try all of that and take research to surely and to avoid scam.
Based on this there are many wallets in the market but based on this you have to pick good one also bitcoin offers hard ware wallet that is so secure than others so you can use this because this only made for this and there is lots of securities.
Personally i like to use hardware wallet. Because i feel these wallets are secure and safe. Hacker can’t hack these wallets. But it’s true any wallet can’t provide you 100%security.
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".
This is a very good news and a learning news that you have shared, I was completely unaware with this and you well said that we will not go out from your homes carrying a lot of money in our wallets and the same is with bitcoin also and moreover the bitcoin wallets are more susceptible for online stealing and the cold storage concept of yours is very innovative that we can store our high amount of bitcoin offline in our wallets so that they are not susceptible to online stealing, I would like to know more about this offline cold storage if you can share. 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".
There are many wallets that are available out there, and choosing which one can be hard if ever you wonder which one to use always use especially, in a long-term investment which is really hard to keep but then it really depends on which you are investing. If you are investing like BTC or ETH you can actually buy a pager for it and so that you can keep it isolated so that no one will ever touch it but then you also need to keep your page safe and don't ever lost it until then when you decide to exchange it with real money. If you are thinking of investing with other altcoins the most legit wallet that you can use is the original wallet in their ICO.
cold storage what is it? I'm new in so that in the wallet there is very little almost no huhu ..... this I will learn gradually, thanks nha
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.
Not really, Coinbase is one of the worst places to store your Bitcoin, especially long term. Coinbase controls your Bitcoin, not you. If they get hacked, and their wallets are completely emptied, you would be out of luck. They could freeze your coinbase account anytime they like, and you would be out of luck. Whoever holds the private key of the wallet, are the ones that control the coins. Otherwise, the BTC in your coinbase account is an IOU. You should control your own private keys through your own cold storage wallet. Trezor or ledger nano S is a good way to go.
Yes I agree with you, It is better to store your funds in your own wallet for safety purposes not on other exchanges, in exchanges your account will possibly hacked the moment that the site is compromised so better be secure that out of luck.
I would suggest you to use Electrum wallet for short term storage and hardware wallets like Trezor,Nano S Ledger for long term storage.
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.
Well, for me the best wallets for bitcoin are coinbase, blockchain and coinomi. This wallets are fully secured to place and store bitcoin and with regards to security features. Many of our investors here are using in this types of wallets because they are easily to used and transaction fees are affordable in as fast and easy way to transfer money safely.
Very well said and im agree on what are you saying because if we based on the reality and or the tangible money it so dangerous to those people who have a big amount or thousand of dollars on his/her pocket/wallet but if you put it in banks or some volt that can never get it was safe so that same as in bitcoin don't put a large amount into you bitcoin wallet because hackers was always ther to get you coins so that as he said that cold storage or the hardware wallet that can never hack because it is offline wallet.
I just use Eidoo and imtoken, for ether and other Altcoins erc20, but I use coinomi to keep my bitcoin
I think first you need to learn what kind of wallet will be convenient for you. Airbitz, iOS, Android, some of the good options. Without the transfer of sensitive data, one-time password verification, 2-factor authentication in one touch
From my knowledge,localbitcoin wallet is best one.With that wallet you can do trade also. I had holding my bitcoin for longer period,it was safe in that wallet.I had never face any problem in that Wallet.Every month I will buy some bitcoin and save the entire bitcoin in localbitcoin wallet.
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.
Not really, Coinbase is one of the worst places to store your Bitcoin, especially long term. Coinbase controls your Bitcoin, not you. If they get hacked, and their wallets are completely emptied, you would be out of luck. They could freeze your coinbase account anytime they like, and you would be out of luck. Whoever holds the private key of the wallet, are the ones that control the coins. Otherwise, the BTC in your coinbase account is an IOU. You should control your own private keys through your own cold storage wallet. Trezor or ledger nano S is a good way to go.
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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