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Author Topic: Need advice for bitcoin wallet..  (Read 4527 times)

Offline Learn Bitcoin

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Re: Need advice for bitcoin wallet..
« Reply #15 on: December 25, 2023, 10:28:52 AM »
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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Re: Need advice for bitcoin wallet..
« Reply #15 on: December 25, 2023, 10:28:52 AM »

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Offline Doovla

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Re: Need advice for bitcoin wallet..
« Reply #16 on: December 27, 2023, 08:57:05 PM »
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!

Offline Learn Bitcoin

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Re: Need advice for bitcoin wallet..
« Reply #17 on: December 30, 2023, 03:48:07 PM »
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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Offline CryptoLaila

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Re: Need advice for bitcoin wallet..
« Reply #18 on: January 08, 2024, 07:44:06 PM »
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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Re: Need advice for bitcoin wallet..
« Reply #19 on: January 08, 2024, 10:11:45 PM »
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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Re: Need advice for bitcoin wallet..
« Reply #20 on: January 08, 2024, 11:11:49 PM »
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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Re: Need advice for bitcoin wallet..
« Reply #21 on: January 09, 2024, 09:21:01 AM »
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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Re: Need advice for bitcoin wallet..
« Reply #21 on: January 09, 2024, 09:21:01 AM »


Offline Litzki1990

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Re: Need advice for bitcoin wallet..
« Reply #22 on: January 09, 2024, 09:41:30 AM »
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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Re: Need advice for bitcoin wallet..
« Reply #23 on: January 09, 2024, 10:38:56 AM »
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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Re: Need advice for bitcoin wallet..
« Reply #24 on: January 09, 2024, 06:23:54 PM »
-snip-
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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Re: Need advice for bitcoin wallet..
« Reply #25 on: January 12, 2024, 08:29:55 AM »
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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Re: Need advice for bitcoin wallet..
« Reply #26 on: January 12, 2024, 10:20:24 AM »
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.
« Last Edit: March 08, 2024, 08:01:06 AM by DabsPoorVersion »
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Re: Need advice for bitcoin wallet..
« Reply #27 on: January 13, 2024, 12:03:58 PM »

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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Re: Need advice for bitcoin wallet..
« Reply #28 on: January 13, 2024, 02:10:21 PM »
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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Offline Faisal2202

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Re: Need advice for bitcoin wallet..
« Reply #29 on: January 13, 2024, 03:57:09 PM »
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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