How can you choose your bitcoin wallet?

[Z-tight]

that is why whoever is holding a pretty good amount in crypto should opt out cold storage and don't use it very often to keep them safe from the scammers and hackers.

Offline backups, i.e. hardware or airgapped wallets are to be completely offline and never connected to the internet, so the number of times you use it to sign tx's does not matter because there is almost no chance of any successful attack on your offline device, if you know exactly what you are doing and do it correctly.

[pacar_tiri]

that is why whoever is holding a pretty good amount in crypto should opt out cold storage and don't use it very often to keep them safe from the scammers and hackers.

Offline backups, i.e. hardware or airgapped wallets are to be completely offline and never connected to the internet, so the number of times you use it to sign tx's does not matter because there is almost no chance of any successful attack on your offline device, if you know exactly what you are doing and do it correctly.

That's right, with hardware like this that can make a Bitcoin wallet an offline wallet, it will be very safe and can be stored for a very long time. However, this must also be proportional to the contents of the wallet you have. As long as you have lots of Bitcoin or other cryptocurrency assets. With a very large number, a wallet like this could be the best choice.

[Findingnemo]

that is why whoever is holding a pretty good amount in crypto should opt out cold storage and don't use it very often to keep them safe from the scammers and hackers.

Offline backups, i.e. hardware or airgapped wallets are to be completely offline and never connected to the internet, so the number of times you use it to sign tx's does not matter because there is almost no chance of any successful attack on your offline device, if you know exactly what you are doing and do it correctly.

An actual air-gapped device is safe no matter how many times we use it for transactions but taking other factors into consideration especially human errs then better maintain a hot wallet where we store part of the portfolio that we have to use more often and a cold wallet that we have to touch only when we need that.

At the same time, we have to ensure the existence of the wallet, status of the device cause electronics tends to malfunction while ages is pretty good practice to follow.

[Baofeng]

I think you should never share your wallet private key with anyone. Suppose my wallet is empty and there are no coins or any money in my wallet, still I say even if my wallet is empty I should not share the key of that wallet with anyone else. Maybe your wallet is empty now but in the future your wallet may have enough money so if you share your wallet key with someone while empty and later you have enough money in your wallet but later share your secret key with your wallet you may get into trouble. So I think it's safest not to share your private key with anyone under any circumstances.

In my opinion, if a Bitcoiner must share share wallet phrase to any, it should be a wallet that they are fully aware that they will never make use of it in the future but if that wallet have already been used by them to carry out important transactions, then they should never share the wallet information to anyone, rather they can just discarded it without letting anyone know that the wallet belongs to them because if anyone get hold of the wallet, they can still be able to track down to the new address that is holding your Bitcoin. Privacy and security is a paramount fact or investing into Bitcoin.

And who will they share their wallet phrase? to their wife and kids? I think it is too early. There are ways on how to make it as a inheritance though and it has bee heavily discussed on the other forum.

So I wouldn't do that, sharing my phrase even if it is empty, who knows, maybe you can mistakenly send some coins on it. Metal back up is good, but it cannot be the only way to back up your phrases.

[armanda90]

I hold bitcoin in electrum wallet and some time in exchange wallet, I know too risk when holding bitcoin in exchange wallet because not your key is not your coins looking the accident with FTX exchange. Usually for long term holding I hold my bitcoin in electrum wallet but for short term if want trade using top exchange like Kucoin for holding my bitcoin.
Today have many kinds wallet support for holding bitcoin just looking an easily feature for holding bitcoin and how easily understood by our family when sharing them bitcoin seed phrase wallet.

[Z-tight]

An actual air-gapped device is safe no matter how many times we use it for transactions but taking other factors into consideration especially human errs then better maintain a hot wallet where we store part of the portfolio that we have to use more often and a cold wallet that we have to touch only when we need that.

I agree with this, privacy is another reason why we should have a hot wallet even if we have an offline wallet. Your offline wallet is going to hold the majority of your funds, so it is bad for privacy to spend $5 on coffee from a wallet or address that holds 0.5 BTC. This is why having a hot wallet that holds < or = $100 is great.

At the same time, we have to ensure the existence of the wallet, status of the device cause electronics tends to malfunction while ages is pretty good practice to follow.

Even if your device malfunctions, you won't lose your funds if you have backed up your seed phrase well, either on paper or on a stainless steel.

[Sevi]

Base on my experience and the same scenario before investing in different investments we make sure that our selected wallet may choice is secured, safe and most of all convenient to stored your money in a long duration of time without any issues.