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Author Topic: Which is the best wallet?  (Read 6265 times)

Offline mu_enrico

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Re: Which is the best wallet?
« Reply #15 on: January 01, 2024, 11:16:12 PM »
It depends on what you mean by "best" since there are many wallet types that serve different purposes and your unique circumstances.
For long-term storage:
- If you have the money: Trezor or Ledger
- If you don't have the money: Paper wallet
- If you have a working old phone: Factory Reset -> Install opensource multi-coin wallet (like Unstoppable Wallet) -> disconnect your internet access.

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Re: Which is the best wallet?
« Reply #15 on: January 01, 2024, 11:16:12 PM »

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Re: Which is the best wallet?
« Reply #16 on: January 07, 2024, 07:39:37 PM »
If you have the funds, to buy a cold wallet - you can try to buy one. But, diversification is a must in this case. Yes, even in cold wallets, there should be diversification. Believe me, I've had enough experience.

If there are no funds, you can access Trust, Electrum, Exodus. There are quite a few others (I do not use all of them). You can look them up on Google.

Remember, none of the wallets will never guarantee the safety of your funds. Look at how many times, this year there have been hacks. And then, everything will become clear to you. The final choice is yours alone. I'm just stating my opinion.  8)
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Offline Wiseman

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Re: Which is the best wallet?
« Reply #17 on: January 08, 2024, 08:52:04 AM »
If you have the funds, to buy a cold wallet - you can try to buy one. But, diversification is a must in this case. Yes, even in cold wallets, there should be diversification. Believe me, I've had enough experience.

If there are no funds, you can access Trust, Electrum, Exodus. There are quite a few others (I do not use all of them). You can look them up on Google.

Remember, none of the wallets will never guarantee the safety of your funds. Look at how many times, this year there have been hacks. And then, everything will become clear to you. The final choice is yours alone. I'm just stating my opinion.  8)
If for that matter, it is possible to keep good funds even on the exchange, or rather to say on different exchanges, as well as on many different wallets, and if you have funds in usdt, you can simply transfer them to your bank card by exchanging them for euros or dollars and keep for a while there.
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Re: Which is the best wallet?
« Reply #18 on: January 08, 2024, 04:04:44 PM »
In the long term, you will definitely save even more? If it's a small amount, you can use another wallet as @joniboini said, namely the Unstoppable wallet.
Open Source hardware wallets are the best option both for long term storage of coins, and for spending in combination with hot wallets.
For hot wallets Unstoppable is not a bad option, but it has some issues for people who are using many coins or if they want to use coin control for bitcoin.
Other hot wallet open source alternatives worth checking out are Stack wallet and OneKey software wallet (both mobile and desktop).
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Re: Which is the best wallet?
« Reply #19 on: January 09, 2024, 01:51:23 AM »
Remember, none of the wallets will never guarantee the safety of your funds. Look at how many times, this year there have been hacks. And then, everything will become clear to you. The final choice is yours alone. I'm just stating my opinion.
It is not possible to give any guarantee regarding the security of crypto currency wallets because many times due to some personal mistakes one has to face a bad situation like wallet being hacked. But if the user is very careful about the wallet and if the user can use it properly on his device with security then any wallet is very important in terms of security. However, in my personal life I have used hardware wallets as well as multiple non-custodial softwares and every wallet is very careful about security. If a wallet gets hacked then users' apathy and lack of concern about security is largely responsible.
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Re: Which is the best wallet?
« Reply #20 on: January 09, 2024, 09:53:55 AM »
It is not possible to give any guarantee regarding the security of crypto currency wallets because many times due to some personal mistakes one has to face a bad situation like wallet being hacked. But if the user is very careful about the wallet and if the user can use it properly on his device with security then any wallet is very important in terms of security. However, in my personal life I have used hardware wallets as well as multiple non-custodial softwares and every wallet is very careful about security. If a wallet gets hacked then users' apathy and lack of concern about security is largely responsible.
Excuse me, did you write this message via chatgpt by any chance?  ;D

Well, as a matter of fact, yes, that's what I wrote above. It's not worth looking for a guarantee in either a cold or hot wallet. Diversification, no one has ever canceled. Yes, even in wallets it should be and it is normal.  8)

What specific, cold wallets have been used? (list them if not difficult). About the programs, what exactly do you mean? I understand that they are not related to wallets, but still I wonder what kind of programs they are.
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Offline raflesia

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Re: Which is the best wallet?
« Reply #21 on: January 09, 2024, 03:29:04 PM »
If the focus is only on bitcoin, I think hardware wallets like trezor or maybe ledger are still the best to date because there is no doubt in it in my opinion because I have felt when storing here as long as we don't give seed to anyone and store it safely then we will avoid problems but if it is for the whole like altcoins and bitcoin then I am not too tshu about it because indeed for some alt I still use trust wallets and hardware safepal until now and more in trust wallets because there are so many altcoins that are not very useful so I am not too worried about storing there.

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Re: Which is the best wallet?
« Reply #21 on: January 09, 2024, 03:29:04 PM »


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Re: Which is the best wallet?
« Reply #22 on: January 10, 2024, 05:20:08 PM »
If you want to invest consistently and if you need to do bitcoin transactions regularly I suggest you to use exchange wallet so you don't have to pay extra transaction fees. Or if you think you will buy a large amount of bitcoins at once and hold them in your same wallet for a long time, you can use a software wallet. However, software wallets are quite secure compared to exchange wallets. Electrum Wallet seems to me to be the best software wallet in terms of usability and security. I have discussed both with you and now you see which one seems more acceptable to you and hope you choose the wallet based on which one you will do.

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Re: Which is the best wallet?
« Reply #23 on: January 12, 2024, 01:45:56 PM »
I see ledger being recommended a lot but with all that has happened to them over the years?

1. When their customer's data were leaked
2. The once planned ledger recover backup subscription
3. and the recent security exploit concerning dapps

I'd pick a different hardware wallet if I were you. These incidents also further affirmed how important an open source wallet is, I suggest starting with the thread: Open Source Hardware Wallets

Offline hugeblack

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Re: Which is the best wallet?
« Reply #24 on: January 13, 2024, 10:17:39 AM »

- If you have the money: Trezor or Ledger
- If you don't have the money: Paper wallet
- If you have a working old phone: Factory Reset -> Install opensource multi-coin wallet (like Unstoppable Wallet) -> disconnect your internet access.
- All of these options are very bad. Ledger is closed source, they have the possibility of uploading your private key to a third party, customer data has been leaked several times, and they are expensive compared to other options.
 - Paper wallet does not have privacy features as you only get one address, you cannot store it as easily as seeds and you need a camera to scan the private key.
 - disconnect your internet access will not help you avoid being scammed, you should not download random apps. For alternative currencies, you can purchase a hardware wallet or be satisfied with what is available in the new wallet ----> https://www.myetherwallet.com/
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Offline Baofeng

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Re: Which is the best wallet?
« Reply #25 on: January 13, 2024, 02:10:51 PM »
In the long term, you will definitely save even more? If it's a small amount, you can use another wallet as @joniboini said, namely the Unstoppable wallet.
Open Source hardware wallets are the best option both for long term storage of coins, and for spending in combination with hot wallets.
For hot wallets Unstoppable is not a bad option, but it has some issues for people who are using many coins or if they want to use coin control for bitcoin.
Other hot wallet open source alternatives worth checking out are Stack wallet and OneKey software wallet (both mobile and desktop).

Yep, I was about to say this, open wallet, regardless if it is hardware or web wallet should be open source.

I haven't heard of Stack Wallet and OneKey wallet software, but for sure it's worth checking and see how it fit my (our needs). For now it's just Electrum for me and some combination of hardware wallet.

And I did some experiments of air gap too, just in case.

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Re: Which is the best wallet?
« Reply #26 on: January 14, 2024, 12:27:54 AM »
Can you share me best wallet name for holding crypto as long time. There is many wallet in the crypto market where i have found searching by google. But i couldn’t trust because i want hold very long time for my crypto assets.

Open source wallets are the recommendable wallets because they're under public scrutiny. The codes are visible for all to see, and there's little or no room for an hacker to exploit it because many eyes are looking through the codes. Any bug or abnormality is quickly reported and fixed. Example are Trezor, passport, electrum, bluewallet, unstoppable wallet etc.

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Re: Which is the best wallet?
« Reply #27 on: January 14, 2024, 09:50:36 AM »
You can store crypto assets in cold wallets, such as Ledger Nano S, Safepal and much in Lian's hardware, the most important thing is, never connect the dimpets you have to the Phishing site, because your assets can be lost by the hackers

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Re: Which is the best wallet?
« Reply #28 on: January 14, 2024, 12:43:15 PM »
The long lasting of wallet depending on individuals difference you can hold and use a specific wallet for long without losing your assets if you keep your phrase and private key from the reach everyone that is close to you or even from friends you would noticed that such wallet will last for you. Before what I do use MEW or metamask although trustwallet is also good but i stop using it because of a personal reason and i guess lot of them has been mentioned over here.

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Re: Which is the best wallet?
« Reply #29 on: January 14, 2024, 03:17:27 PM »
You can store crypto assets in cold wallets, such as Ledger Nano S, Safepal and much in Lian's hardware, the most important thing is, never connect the dimpets you have to the Phishing site, because your assets can be lost by the hackers
My point is that Leadger is not a cold wallet. Safepal - yes, you can use it. The main thing is that there is no negative news with it. And that's really saying a lot.

Sorry, how to use (every day) Leadger if your sid-phrase is known to other 9-campaigns. There is no decentralization at all. Then cryptocurrency can't be "safely" stored. One button will permanently lock your account. Or if no firmware update = no funds (which is also possible soon).

P.S. My thoughts on this. Think about what I've said.
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