Altcoins Talks - Cryptocurrency Forum
Learning & News => For Beginners => Basic Questions about Cryptos => Topic started by: bosshyip on July 05, 2018, 04:14:00 AM
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I am newcomer and very interested about bitcoin. I need a wallet before I am purchase some bitcoin. What is the best and most secure bitcoin wallet?
Your suggestion is very important to me
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I use my ether wallet (MEW) and I haven't encountered any problems with it. I suggest you use it too. And you can use two keys to unlock your wallet to keep it more safer.
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There are many types of wallets to store bitcoin, free or paid. But if you plan to buy a wallet to store bitcoin, there are 5 good wallet recommendations for you. They are Trezor, Coinomi, Bitcoin Gold Care or Exodus. Each wallet has its own advantages. Before you buy, first consider the wallet that you will buy.
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Whatever wallet you choose just make sure you keep it as secure as possible and don't lose the information.. take it from me... its not fun losing the information later and having to absorb those losses to never be able to recover. Make doubly sure its secure and triple-y secure that you have backups of the information.
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I am newcomer and very interested about bitcoin. I need a wallet before I am purchase some bitcoin. What is the best and most secure bitcoin wallet?
Your suggestion is very important to me
I think Myetherwallet is good enough to use and aside from being free to create you can also assured it's safety from any hacking.
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"I have a reference for you in choosing a wallet. Here are some of the best bitcoin hardware wallets:
1. Nano Nano
2.Trezor
3. Opendime
4.Ledger Unplugged
if you want to know the wallet specifications, just look for it on Google. there are many explanations about the definition of wallet above."
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Before buying a bitcoin wallet, you can try a type of wallet that is not paid or free to store your bitcoin. You can get it at coinbase.com, xapo.com, bitcoin.co.id and blockchain.info. Although it's free, but you don't need to worry about security, because this type of free wallet is very safe to use to store your bitcoin.
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I use my ether wallet (MEW) and I haven't encountered any problems with it. I suggest you use it too. And you can use two keys to unlock your wallet to keep it more safer.
Thank you. I heared this too. I will soon try this one.
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For bitcoin wallets, I prefer Blockchain, because the Blockchain wallet is the first best wallet whose quality you don't need to doubt. Many have used this Blockchain wallet. There is no harm if you want to try this one wallet.
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"Here are 5 types of bitcoin wallets I think is the best in the world and in Indonesia:
1. Blockchain (web: blockchain.info)
2.Bitcoin.co.id
3.Coinbase.com
4.Xapo.com
5.Bitx.
If you want more complete. Search on google or other internet sites."
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I am newcomer and very interested about bitcoin. I need a wallet before I am purchase some bitcoin. What is the best and most secure bitcoin wallet?
Your suggestion is very important to me
I did not use other wallet than MEW because i can prove that myetherwallet is secured and most of all it's free to use.
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Hi everyone! This might be a good help. Know the differences between the wallets that we can use for our BTC investments.
Link https://ecoin4dummies.com/bitcoin-wallet-reviews-ledger-nano-s-vs-trezor-vs-keepkey/
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trezor is the best one. I use and satisfied with its security.
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For a newcomer diving into Bitcoin, I'd recommend the OneKey wallet. It's not just secure; it's also user-friendly, offering a seamless experience for managing and safeguarding your Bitcoin. You can Give it a try.
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For a newcomer diving into Bitcoin, I'd recommend the OneKey wallet. It's not just secure; it's also user-friendly, offering a seamless experience for managing and safeguarding your Bitcoin. You can Give it a try.
After investing in Bitcoin, the most important thing is to be very careful about where to hold Bitcoin, especially when choosing a wallet. People's confidence is decreasing day by day, especially the central exchanges. Especially some central exchanges such as the FTX scandal and the no-confidence motion against Binance Exchange by the SEC have caused considerable anxiety for current investors. So now people don't want to store cryptocurrencies in centralized exchanges and they are now giving importance to choosing decentralized wallets. However, currently Electum, Safe pal, Ledger, etc. are giving importance to higher security wallets in addition to trust wallets.
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The thread is five years old but it was bumped very recently. I don't think OP is here anymore or wants to know about Bitcoin wallet. But, If someone else visits this thread with the hope of getting some advice regarding the Bitcoin wallet, I would surely suggest they use the Electrum wallet. It's a non-custodial open source Bitcoin wallet and it is available for Mobile and computer. You can access your wallet from multiple devices.
If you want to buy any hardware wallet, I don't know which one to suggest. Ledger was one of the best hardware wallt but with the recent drama, I don't like to suggest them anymore. Safepal could be another option. But they are not open source.
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I am newcomer and very interested about bitcoin. I need a wallet before I am purchase some bitcoin. What is the best and most secure bitcoin wallet?
Your suggestion is very important to me
Could you send me private message about cryptocurrency USDT borrow for me? Thank you so much in advance man!
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Could you send me private message about cryptocurrency USDT borrow for me? Thank you so much in advance man!
This does not look good at all. Are you posting in a five-year-old thread and asking for a loan?
I am unsure if there is any sections in this forum for lending. You are a full member. But without having valid collateral, no one would approve a loan here in this forum. So, when someone asks for a loan via private message and posts to reply to him in the thread, that seems scammy to me. :-\ :-\
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I am newcomer and very interested about bitcoin. I need a wallet before I am purchase some bitcoin. What is the best and most secure bitcoin wallet?
Your suggestion is very important to me
I don't know what other have told you but you need to understand that there are different kind of wallet which falls on some in teo different categories
The custodial nad non custodial
Depending on what you want to use it for you might want to try custodial like
Binance , Hotbit and likes if you want to starttrade it in future
But if you are planning on holding for a long period you can use a more secure wallet (a non custodial) like
Exodus, Sparrow, Electrum etc . You can DYOR own research to know the one that best suit youh
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The thread is five years old but it was bumped very recently. I don't think OP is here anymore or wants to know about Bitcoin wallet. But, If someone else visits this thread with the hope of getting some advice regarding the Bitcoin wallet, I would surely suggest they use the Electrum wallet. It's a non-custodial open source Bitcoin wallet and it is available for Mobile and computer. You can access your wallet from multiple devices.
Why forum members always give answers or suggestions to questions being asked in a crypto forum like this, is mostly for future reference in case of people who want answers to questions they have at heart, in the same way, the OP as about the best crypto wallet to use to store bitcoin.
Different answers and opinions have been provided, it is now between those who don't know about the crypto wallet to use to store bitcoin, to pick the one that is been suggested most to them.
The most important thing to all of this, is to be able to store the seed phrase of the crypto wallet in a safe place and never disclose it to strangers.
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I am newcomer and very interested about bitcoin. I need a wallet before I am purchase some bitcoin. What is the best and most secure bitcoin wallet?
Your suggestion is very important to me
Use an open-source wallet like Electrum to store your bitcoin.
Avoid keeping your coin in exchanges or any wallets that is in charge of controlling your coins, especially centralized exchanges that will request your personal details for KYC; take exchanges as marketplaces, buy your coins, and send them out.
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I am newcomer and very interested about bitcoin. I need a wallet before I am purchase some bitcoin. What is the best and most secure bitcoin wallet?
Your suggestion is very important to me
Since you are new comer, looking into changed sorts of wallets, in particular hard and delicate wallets is significant. Among them, hard wallets stand apart as the most solid choice for Bitcoin stockpiling. This is because of the way that their confidential keys are put away on an actual gadget, making it less powerless to unapproved access from computer system or the websit. While managing exchanges, people interface the equipment wallet, regularly through a USB port. The equipment wallet guarantees secure exchange marking without uncovering the confidential key to expected splits the difference.
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I am newcomer and very interested about bitcoin. I need a wallet before I am purchase some bitcoin. What is the best and most secure bitcoin wallet?
Your suggestion is very important to me
Most of the wallets support Bitcoin, so you can use any one of these wallets to store Bitcoin. The first thing that comes up when looking for a wallet is which wallet will provide the most security. That is, in the case of choosing a wallet, we try to find a wallet that will keep our assets safe. There are many wallets from which money is easily stolen, we should stay away from those wallets. In the new state most users have different exchange wallets in their preference list but I don't find exchange wallets very secure. Again if additional transaction fees are considered then exchange wallets again come in the list of choices.
You can use Electrum wallet if you don't need to make extra transactions for your bitcoins. This wallet will give you enough security in holding bitcoins. This wallet is safe enough to hold bitcoins compared to other wallets so you can use this wallet.
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I will mention some wallets as suitable wallets for keeping bitcoins, you can use any one of them.
1. Safepal wallet
2. Trezor wallet
3. Electram wallet
4. Bitcoin wallet
5. Ledger wallet
6. Coldcard wallet
You can choose from these wallets, and you can store bitcoins in any wallet. These wallets are provided with maximum security which makes hacking very less likely.
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You can use Electrum wallet if you don't need to make extra transactions for your bitcoins. This wallet will give you enough security in holding bitcoins. This wallet is safe enough to hold bitcoins compared to other wallets so you can use this wallet.
Good advice, Electrum is also very suitable for beginners because its use is also easy and Electrum is also always in update.
Available for Mobile and Desktop, making it easier to use Portable.
For long-term storage, it is only necessary to store the seed phrase safely.
But keep in mind, the installed device must also be safe and spyware or malware because our Manager has @julerz never experienced hacking on his Electrum wallet.
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I am newcomer and very interested about bitcoin. I need a wallet before I am purchase some bitcoin. What is the best and most secure bitcoin wallet?
Your suggestion is very important to me
If you're going to buy Bitcoin and hold it for a long time, I suggest to keep it in a trusted personal wallet such as Electrum, and if you're investment is huge I recommend hardware wallets.
But if you're going to hold short term, I recommend to keep your Bitcoin in a Bsc wallet especially if the fee matters to you.
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I am newcomer and very interested about bitcoin. I need a wallet before I am purchase some bitcoin. What is the best and most secure bitcoin wallet?
Your suggestion is very important to me
If you're going to buy Bitcoin and hold it for a long time, I suggest to keep it in a trusted personal wallet such as Electrum, and if you're investment is huge I recommend hardware wallets.
But if you're going to hold short term, I recommend to keep your Bitcoin in a Bsc wallet especially if the fee matters to you.
Electrum aside, you can also try using the Exodus wallet. I am currently holding Bitcoin in my Electrum and Exodus wallets. If there's any chance you plan to hold cryptocurrencies aside from Bitcoin, I really recommend using Exodus as it has a multi-cryptocurrency wallet. Both of them, Electrum and Exodus are user-friendly making them ideal for beginners.
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Aside from Electrum, you might also try using Exodus. I currently hold Bitcoin in both Electrum and Exodus wallets. In case you plan to hold cryptocurrencies other than Bitcoin, I recommend Exodus as it offers a multi-cryptocurrency wallet with a wide range of features. Both Electrum and Exodus are user-friendly and provide adequate security measures, making them ideal for beginners.
Yeah that's true exodus is really for those that wants to trade other altcoins along with Bitcoins. Also, it's use a BTC segwit address and it also support lightning node server so there's alot to catch on exodus . Above all, it's a non custodial wallet
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Aside from Electrum, you might also try using Exodus. I currently hold Bitcoin in both Electrum and Exodus wallets. In case you plan to hold cryptocurrencies other than Bitcoin, I recommend Exodus as it offers a multi-cryptocurrency wallet with a wide range of features. Both Electrum and Exodus are user-friendly and provide adequate security measures, making them ideal for beginners.
Does Exodus provide a coin control feature like CPFP or RBF? Does it provide a private key or seed phrase? Another thing, is it open source? I do not want to rely on google searches. I am using Electrum for Bitcoin and Unstoppable for altcoins. I need a wallet that is available for mobile devices and has these key features.
I always prefer open source wallets over closed sources wallets. It should be non-custodial wallet. For now, I am using unstoppable because it's open source and available for mobile device.
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I am newcomer and very interested about bitcoin. I need a wallet before I am purchase some bitcoin. What is the best and most secure bitcoin wallet?
Your suggestion is very important to me
Its good to have you in the BTC community, I would say, first gain the knowledge of how many wallets types are there, like there are custodial and noncustodial, if you are planning to buy a big amount then you definitely should go for noncustodial wallets (the name might be confusing) but it means the opposite.
It means you should use a wallet that has its own phrase under your ownership, in noncustodial wallets you own the keys while in custodial wallets the exchange,, etc. own the keys. Electrum is the best option to hold onto BTC, but I prefer to setup a lighting node as you do have to pay fee which would be higher so to cover that you should think about setting up a lighting node as well which will lower your fee.
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There are many good bitcoin wallets where the security level is good and your capital will be safe.
Like coinbase, zengo, ledger, Trust wallet, Electrum - Best Desktop Bitcoin Wallet
In fact, you can use any wallet, but do a little research yourself which service is most convenient.
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Does Exodus provide a coin control feature like CPFP or RBF? Does it provide a private key or seed phrase? Another thing, is it open source? I do not want to rely on google searches.
Both, but a while ago (don't know if it's recent) the tx sent with default and no custom fees were not RBF, but I guess that also changed electrum was doing this at that time also in the mobile version, it was quite long ago and I've heard no issues about it for years, but just a head's up!
The first thing that comes up when looking for a wallet is which wallet will provide the most security. That is, in the case of choosing a wallet, we try to find a wallet that will keep our assets safe. There are many wallets from which money is easily stolen, we should stay away from those wallets.
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You can use Electrum wallet if you don't need to make extra transactions for your bitcoins.
Really curious, how do you look for that security?
I'm serious, how does the average Joe look at a wallet and decide it's secure? He has to trust others and their reviews for that, and when you trust somebody their advice is good until a moment when shits hits the fan and it's not definitely not good anymore.
I'm also using electrum as a wallet, but do I trust it will all my funds? No!
Remember this ?
https://github.com/spesmilo/electrum-docs/blob/master/security_issues/sec_201801.rst
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Aside from Electrum, you might also try using Exodus. I currently hold Bitcoin in both Electrum and Exodus wallets. In case you plan to hold cryptocurrencies other than Bitcoin, I recommend Exodus as it offers a multi-cryptocurrency wallet with a wide range of features. Both Electrum and Exodus are user-friendly and provide adequate security measures, making them ideal for beginners.
Does Exodus provide a coin control feature like CPFP or RBF? Does it provide a private key or seed phrase? Another thing, is it open source? I do not want to rely on google searches. I am using Electrum for Bitcoin and Unstoppable for altcoins. I need a wallet that is available for mobile devices and has these key features.
I always prefer open source wallets over closed sources wallets. It should be non-custodial wallet. For now, I am using unstoppable because it's open source and available for mobile device.
Yes, when you use Exodus to transfer Bitcoin, you can enable RBF in your Exodus wallet by going to the settings and enabling the custom fees. Or if you have an unconfirmed Bitcoin transaction, there will be an additional warning to spend higher fees, and a CPFP transaction will be created.
A secret phrase will be provided after you create your wallet. You have to go to the security option and click the Backup feature. You can also secure the mobile application with a Passcode or by activating the Fingerprint protection.
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There are numerous options available when it comes to storing bitcoin, both free and paid. However, if you're looking to purchase a wallet for storing bitcoin, here are five excellent recommendations for you: Trezor, Coinomi, Bitcoin Gold Care, and Exodus. Each of these wallets offers its own unique advantages. Before making a purchase, take some time to carefully consider which wallet suits your needs best.
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Yes, when you use Exodus to transfer Bitcoin, you can enable RBF in your Exodus wallet by going to the settings and enabling the custom fees. Or if you have an unconfirmed Bitcoin transaction, there will be an additional warning to spend higher fees, and a CPFP transaction will be created.
A secret phrase will be provided after you create your wallet. You have to go to the security option and click the Backup feature. You can also secure the mobile application with a Passcode or by activating the Fingerprint protection.
One more thing I will like to add for exodus wallet user , Avoid the exchange feature there's been alot of report talking about being scammed the exchange and you must know that this exchange is just a third party in partnership with Exodus so Exodus won't be responsible for your lost coins
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There are many good bitcoin wallets where the security level is good and your capital will be safe.
Like coinbase, zengo, ledger, Trust wallet, Electrum - Best Desktop Bitcoin Wallet
In fact, you can use any wallet, but do a little research yourself which service is most convenient.
You can use trust wallet for mobile phones and desktop.
You can use Coinbase wallet for phones and pc
You can use electrum wallet for desktop
You can use ledger wallet as Hardware wallet
You can also use SafePal S wallet as Hardware wallet.
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You can use trust wallet for mobile phones and desktop.
Trust wallet is closed source, it lacks many good features too and its users also complain about bugs affecting the wallet, i would not recommend trust wallet, except the person wants to store only altcoins.
You can use Coinbase wallet for phones and pc
Take note that coinbase wallet is a closed source wallet.
You can use electrum wallet for desktop
Electrum wallet is recommended for both desktop and Android mobile devices. Other recommended wallets are BlueWallet and Sparrow. For your altcoins Unstoppable wallet is open source and recommended.
You can use ledger wallet as Hardware wallet
You can also use SafePal S wallet as Hardware wallet.
Ledger is not a recommended hardware wallet, it is closed source and they implemented a terrible feature called ledger recover which can extract customer keys and send them to third parties. Safepal is also not a recommended hardware wallet. Better alternatives to use are Passport and Trezor.
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Yes, when you use Exodus to transfer Bitcoin, you can enable RBF in your Exodus wallet by going to the settings and enabling the custom fees. Or if you have an unconfirmed Bitcoin transaction, there will be an additional warning to spend higher fees, and a CPFP transaction will be created.
A secret phrase will be provided after you create your wallet. You have to go to the security option and click the Backup feature. You can also secure the mobile application with a Passcode or by activating the Fingerprint protection.
Thanks for the information. I think it meets most of my criteria but, It does not meet the main criteria which is about open source or closed source. I have searched for if exodus wallet is open source and found that it's a closed-source wallet software. But, still, it's better than a trust wallet. I have used trust wallet before which does not provide the RBF feature which is why we are unable to bump our Bitcoin transaction fee. Trust wallet is closed source too. For now, I am using unstoppable for alt coins but didn't moved my coins yet. I may consider using Exodus as well.
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Use an open-source wallet like Electrum to store your bitcoin.
Yep. Electrum is a trustable wallet to store Bitcoin. It is quite safe because it has good security and we can control it ourselves.
Avoid keeping your coin in exchanges or any wallets that is in charge of controlling your coins, especially centralized exchanges that will request your personal details for KYC; take exchanges as marketplaces, buy your coins, and send them out.
I agree with you. It is better to store the Bitcoin on the private wallet like Electrum, specifically for holding a long time. Keeping the Bitcoin on CEX is too risky because we have no control of our Bitcoin. Sure, it also requires KYC procedure, it takes our private data. For people who wants to keep the Bitcoin in an anonymous way, storing the Bitcoin to CEX isn't a good idea.
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I am newcomer and very interested about bitcoin. I need a wallet before I am purchase some bitcoin. What is the best and most secure bitcoin wallet?
Your suggestion is very important to me
You have two options for storing your cryptocurrency. You can purchase a hardware wallet, or if you don't want to spend money, you can use either an Electrum wallet or a Trust wallet. These are trusted wallets that are recommended for new users. I have personally used both of these wallets and found them to be reliable.
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I am newcomer and very interested about bitcoin. I need a wallet before I am purchase some bitcoin. What is the best and most secure bitcoin wallet?
Your suggestion is very important to me
You have two options for storing your cryptocurrency. You can purchase a hardware wallet, or if you don't want to spend money, you can use either an Electrum wallet or a Trust wallet. These are trusted wallets that are recommended for new users. I have personally used both of these wallets and found them to be reliable.
A crypto wallet is must for storing cryptocurrencies. But how reliable or how good that wallet is, it can be easily estimated by the reviews of ordinary users. If a user wants to use a free crypto wallet without spending then he must stay away from hardware wallets as they are expensive while there are many software wallets which are not harmful if the user keeps his keys and phrases in a safe place.
Generally we prefer open source wallets when it comes to using crypto wallets because we can see the code ourselves. Whether there is any error or not can be detected by the users so we can say that it is relatively safe. But in case of closed source wallets a user has to rely on the developer. Any error in the code should be fixed by the developer. So I can suggest you to use open source wallets.
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What is the best and most secure bitcoin wallet?
Even if you are suggested the most secure bitcoin wallet and you do not take the extra security tips seriously, your bitcoins or any other coins that you decide to keep will still end up being a risk. As you choose a wallet, take not of the online and offline security tips as they are both important.
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What is the best and most secure bitcoin wallet?
Even if you are suggested the most secure bitcoin wallet and you do not take the extra security tips seriously, your bitcoins or any other coins that you decide to keep will still end up being a risk. As you choose a wallet, take not of the online and offline security tips as they are both important.
Exactly! If you are give the most secured wallet on the planet and you aren't security conscious then you might be prone to losing your wallet. For example, Hardware wallet are strongly secured wallet but if connected to a compromised system the hardware gets compromised too so, security measure should be taken in using wallets no matter the type you are using
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I am newcomer and very interested about bitcoin. I need a wallet before I am purchase some bitcoin. What is the best and most secure bitcoin wallet?
Your suggestion is very important to me
If you have enough money, you can use hardware wallet. And if you have financial problem then you can use software wallet. You can use either Electrum Wallet, Mycelium Wallet among the software wallets. Among the software wallets these two wallets are the best and the security is complete which is very less likely to get hacked. But the key should be stored properly and note down on paper will be most secure. And by keeping it in a nice and safe place, you can safely use this wallet and store bitcoins for a long time.
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What is the best and most secure bitcoin wallet?
Even if you are suggested the most secure bitcoin wallet and you do not take the extra security tips seriously, your bitcoins or any other coins that you decide to keep will still end up being a risk. As you choose a wallet, take not of the online and offline security tips as they are both important.
Exactly! If you are give the most secured wallet on the planet and you aren't security conscious then you might be prone to losing your wallet. For example, Hardware wallet are strongly secured wallet but if connected to a compromised system the hardware gets compromised too so, security measure should be taken in using wallets no matter the type you are using
You're all right, first of all it's not about the wallet type used, but the way we understand how to run a security practice with any kind of wallet that we use, if we know how to do this, we are more likely to safely use any kind of wallet because we have an understanding of what we are doing and knows how to maintain the security measures needed in using a wallet, security and privacy are very important in using a crypto wallet.
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You can purchase a hardware wallet, or if you don't want to spend money, you can use either an Electrum wallet or a Trust wallet.
Trust wallet is not a recommended wallet for storing BTC's, it is a closed source wallet and their customers complain of bugs frequently, Trust wallet may be good if you want to store only altcoins, though i will recommend Unstoppable wallet as it is open source and has some features that trust wallet lacks. I.e. you can extend your seed phrase with a passphrase if you use Unstoppable wallet, the disadvantage of this wallet is that it does not have as many coins as Trust wallet does.
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Use a non-custodial wallet. Because you completely control the private key that you own.
If you are a newbie and want to just create a wallet for the mobile device platform (Android), you can download BlueWallet for easier use. Meanwhile, if you want more features, Electrum (Android) is the best choice.
If you are a desktop computer user, the Desktop version of Electrum is the best choice currently. Because there are lots of discussions about electrum ranging from light things to technical things.
It is not recommended to use a custodial wallet to store assets for a long time. They could take all your wealth unilaterally one day (it was the worst day for you).
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Wallets are generally of two types, the first is the hardware wallet, and the second is the software wallet. If the investor has invested in a large amount of bitcoins then it is appropriate to use the hardware on that person. And if the investor has relatively less bitcoins to invest then it is usually better to use the software team.
Now it totally depends on the person if he uses hardware then Safepal , Trazor among these two wallets is much better and security can save a wallet with limited price.
If you use software wallets, including Electrum Wallet, Mycelium Wallet, you will get the most secure full wallet for free. Currently, many investors store bitcoins in these wallets for long-term holdings.
All eggs should not be kept in one nest, if bitcoins are to be stored for a long time then it is best if you store them in different wallets. This is a strategy for investing.
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Wallets are generally of two types, the first is the hardware wallet, and the second is the software wallet. If the investor has invested in a large amount of bitcoins then it is appropriate to use the hardware on that person. And if the investor has relatively less bitcoins to invest then it is usually better to use the software team.
- Hardware wallet
- Software wallet
- Paper wallet
- Cold wallet
- Web wallet, etc
For beginners, it is recommended to use a free software type wallet, but for those who have higher projections for a career in the cryptocurrency world, using a hardware wallet can also be learned as a newbie. When we talk about Bitcoin, what is actually prioritized is privacy and security, not based on the amount of money owned.
People who only focus on nominal amounts tend to think of the cryptocurrency world as just a field of money. Even though there is still a lot of good knowledge and lessons from this cryptocurrency.
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using a hardware wallet can also be learned as a newbie.
A hardware wallet is easy to use, even for a newbie it is easy to use. It is recommended for newbies to use hardware wallets rather than setting up a wallet in an airgapped device, that is if they decide to store their funds offline, which they obviously should.
I see web wallets in your list, take note that it is not recommended.
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Coinbase wallet used without opening an account with other exchange and non'custodial private key, and presented as an easy secure wallet.
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You can use Electrum wallet if you don't need to make extra transactions for your bitcoins. This wallet will give you enough security in holding bitcoins. This wallet is safe enough to hold bitcoins compared to other wallets so you can use this wallet.
Good advice, Electrum is also very suitable for beginners because its use is also easy and Electrum is also always in update.
Available for Mobile and Desktop, making it easier to use Portable.
For long-term storage, it is only necessary to store the seed phrase safely.
But keep in mind, the installed device must also be safe and spyware or malware because our Manager has @julerz never experienced hacking on his Electrum wallet.
Beginners usually make the wrong choice of wallet. I have seen most of the new members who use some mobile wallets including Trust Wallet as their initial wallet selection. I am not considering taste wallet as a bad wallet but electrum wallet is much safer than trust wallet for an investor or a new user. I have seen the security system of taste wallet on the other hand I have put the security system of Electrum wallet and comparing the two I definitely found the security system of Electrum wallet much more secure. As I personally find the security of Electrum Wallet to be much safer, I usually recommend Electrum Wallet to others to use.
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Beginners usually make the wrong choice of wallet. I have seen most of the new members who use some mobile wallets including Trust Wallet as their initial wallet selection. I am not considering taste wallet as a bad wallet but electrum wallet is much safer than trust wallet for an investor or a new user. I have seen the security system of taste wallet on the other hand I have put the security system of Electrum wallet and comparing the two I definitely found the security system of Electrum wallet much more secure. As I personally find the security of Electrum Wallet to be much safer, I usually recommend Electrum Wallet to others to use.
The security of the wallet varies depends on where it's installed not really based on the software which can be anything.
Electrum is open-source light weight wallet that allows us to review everything written on their code and we can ensure there is no malicious activity found while creating and using the wallet. But the security is the same which can be compromised anytime as long as it's connected to the internet.
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The security of the wallet varies depends on where it's installed not really based on the software which can be anything.
Electrum is open-source light weight wallet that allows us to review everything written on their code and we can ensure there is no malicious activity found while creating and using the wallet. But the security is the same which can be compromised anytime as long as it's connected to the internet.
I also use the Electrum wallet from the first time I knew crypto, and it is indeed a good and simple wallet for mobile phones and pcs.
But about security it depends on the user himself.
If the user is alert enough and aware of the security required, then the user will keep the seed phrase well and safely.
Connecting to the internet will indeed have many risks, but it depends on how secure the device used.
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If you're interested in using bitcoin wallet for privacy and security, then i will advice you not to use an exchange wallet because they are custodial wallets and you will not have access to the private keys of such wallet, you can check for any of the recommendations from the ones listed for you safety and always remember that not your keys not your coins.
bitcoincore
https://bitcoin.org/en/bitcoin-core/
Hardware wallets
https://en.bitcoin.it/wiki/Hardware_wallet
Wasabi wallet
https://wasabiwallet.io/
Samourai Wallet
https://edubourse.com/en/crypto-monnaie/wallet/samourai-wallet-avis/#:~:text=Samourai%20Wallet%20is%20the%20most,one%20and%20the%20same%20wallet.
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I also use the Electrum wallet from the first time I knew crypto, and it is indeed a good and simple wallet for mobile phones and pcs.
But about security it depends on the user himself.
If the user is alert enough and aware of the security required, then the user will keep the seed phrase well and safely.
Connecting to the internet will indeed have many risks, but it depends on how secure the device used.
Even if your phone or PC is secured it doesn't mean you are not vulnerable to any attacks if the device where the Electrum is installed is always connected online there are still many possible could happen with your device unlike a wallet that is installed on an offline device you are far from any online attacks.
That is why the most secure way is to have cold storage to avoid online attacks.
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A clean and updated installation of a Linux distribution, on, for example, a laptop that we do not use, leaving the correct port open and closing the unnecessary ones, is the beginning of basic security. After that we can use many tools, including the firewall (I won't name them since each distribution usually uses a different firewall), and we will have our wallet with above-average security. If the user knows Linux, with patience security can become high. I have installed Electrum on Debian for 7 years and I have not had any problems. I won't say anything about Windows or Mac, since I have never liked platforms with proprietary code and I haven't used them for quite some time.
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I won't say anything about Windows or Mac, since I have never liked platforms with proprietary code and I haven't used them for quite some time.
I have been using few of my hot wallets via Electrum on both Android and Windows for over 6 years without any compromise to the security of my assets.
On windows, I don't install any apps at all I just kept clean and apps only from the official stores working fine.
But with Android I took some deep dives like Installed many apps still with no problems as long as I give attention to permissions those apps were asking while installation.
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bitcoincore
BItcoin core is a full node wallet and even if it is a recommended wallet, i may not recommend it to a newbie who may not have the knowledge or resources to run a full node wallet. Electrum or BlueWallet is enough, it is not a full node wallet, but it gives you all the security you need, if you know what you are doing. However, if you use any wallet, without running your own node, you lose your privacy to third party nodes.
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bitcoincore
BItcoin core is a full node wallet and even if it is a recommended wallet, i may not recommend it to a newbie who may not have the knowledge or resources to run a full node wallet. Electrum or BlueWallet is enough, it is not a full node wallet, but it gives you all the security you need, if you know what you are doing. However, if you use any wallet, without running your own node, you lose your privacy to third party nodes.
There are many bitcoin wallets in circulation but I still believe in Electrum, until now only Electrum has the best and most trusted bitcoin wallet. The security of the electrum wallet has also been recognized by many people throughout the world.
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I have been using few of my hot wallets via Electrum on both Android and Windows for over 6 years without any compromise to the security of my assets.
On windows, I don't install any apps at all I just kept clean and apps only from the official stores working fine.
But with Android I took some deep dives like Installed many apps still with no problems as long as I give attention to permissions those apps were asking while installation.
With my post I did not want to say that other platforms are bad, nor did I want to enter into the eternal debate that Windows is weak in terms of security, Apple is expensive and Linux is the panacea of the universe. I just wanted to express my personal experience and opinion. Each user must choose the platform most appropriate to their experience and needs.
While it is true that Android is based on the Linux kernel (the rest are software layers adapted to smartphones and tablets among other devices), it is true that it has always had a lower level of security than the average platform. This is why I would never use it or recommend it for using certain types of software.
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Some people wouldn't have been found in the situation they were if they had know the best ways to safe and keep their wallet within their own control than using a custodial means to store their asset, we have seen series of event that led to the ways of how people have lost their crypto asset either due to scam or using a custodial means of storage like the exchanges, that is why we need exposure of various kinds of wallet and know the best ones for use.
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https://bitcoin.org/en/choose-your-wallet?step=5
It's complete here, you can choose a wallet that suits what you need, each wallet even has unique features, so each person's tastes may result in different choices.
For the bitcoin wallet itself, I can recommend a non-custodial wallet, provided that you have to start learning to secure your assets so that there are no cases of loss of the seed phrase or private key which could potentially wipe out the entire balance you have as well.
Electrum, blueWallet are the two wallets I use most often at the moment. And Bitcoin Core is the wallet that I am studying.
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I am newcomer and very interested about bitcoin. I need a wallet before I am purchase some bitcoin. What is the best and most secure bitcoin wallet?
Your suggestion is very important to me
Welcome to the altcointalk forum. If you have a lot of interest and desire to know about Bitcoin then surely you can know and learn. Of course it is best to choose a wallet before investing in Bitcoin. If the right wallet is not chosen then the investment will be risky. A nice and secure wallet is Electrum Wallet. Electrum wallet is very safe and security is complete for storing bitcoins. But based on usage wallet is safe and security is complete if you leave your wallet password carelessly then your wallet will not be safe.
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Some people wouldn't have been found in the situation they were if they had know the best ways to safe and keep their wallet within their own control than using a custodial means to store their asset, we have seen series of event that led to the ways of how people have lost their crypto asset either due to scam or using a custodial means of storage like the exchanges, that is why we need exposure of various kinds of wallet and know the best ones for use.
What you are saying is called knowledge. Information, knowledge and resources are public, anyone can access them and learn how to improve the security of their wallets without having great technical knowledge. The problem, as I've said several times, is that people don't want to learn, people don't want to "waste time" learning how to backup their private keys when they can do it somewhere else by pressing a simple button, and this is just one example, there are many more, and there will be more as many new investors believe they have it all thanks to exchanges and centralized wallets.
Unfortunately this is not going to change, as the percentage of people willing to “waste their time” is very small compared to the constant bombardment of exchanges and centralized services that are available. When we talk about our funds, convenience shouldn't play a big role; In fact, it should be the last thing we should think about.
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And Bitcoin Core is the wallet that I am studying.
Bitcoin core is recommended, but it is resource-intensive as the user has to download the entire blockchain and keep updating it, newbies may struggle to use bitcoin core. It is a full node wallet and it gives the user a better privacy, though you can use Electrum and run an Electrum personal server.
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Some people wouldn't have been found in the situation they were if they had know the best ways to safe and keep their wallet within their own control than using a custodial means to store their asset, we have seen series of event that led to the ways of how people have lost their crypto asset either due to scam or using a custodial means of storage like the exchanges, that is why we need exposure of various kinds of wallet and know the best ones for use.
You're right.
Nothing can guarantee the safety of your asset in the world of crypto more than self custody. Trusting the safety of your assets to third parties such as exchanges has its own potential risks as it cannot guarantee the safety of your funds.
We've heard of numerous cases of exchanges being hacked or crashing resulting to the loss of millions worth of crypto assets.
People should be educated more about how to ensure the safety of their crypto assets to avoid losing them because of ignorance and negligence. There are several types of wallets that can ensure the safety of one's funds, such as the hardware wallet, which is so far one of the safest wallets to store your crypto assets, although they also have risks and security features associated which these wallets so people should always be informed and aware.