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Author Topic: What is the best wallet for DOT?  (Read 18056 times)

Offline Malam90

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What is the best wallet for DOT?
« on: January 11, 2021, 04:41:39 AM »
Polkadot (DOT) has released their official Mobile wallet named PolkaWallet. Which can be used for holding, staking, Governance and Interchain.




As it is online and not free from the risk of hack, i would recommend Trezor T hardware wallet which is secured. It supports many features including staking facilities.
« Last Edit: January 11, 2021, 04:44:02 AM by Malam90 »

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What is the best wallet for DOT?
« on: January 11, 2021, 04:41:39 AM »

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Re: What is the best wallet for DOT?
« Reply #1 on: January 11, 2021, 10:23:45 AM »
I know about it but till now i didn’t use this polkawallet .i think it is better to Store DOT. Currently i am holding my dot in binance. But i planet to Hold dot in polkawallet. Thanks
« Last Edit: January 11, 2021, 04:30:06 PM by Lutera94 »
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Re: What is the best wallet for DOT?
« Reply #2 on: January 11, 2021, 02:28:18 PM »
I am happy to know about Polkawallet. I think it will be more easy to buy, stakingand holding DOT. Till now i am holding and trading DOT on Binance Exchanger. I will try to use Polkawallet to use more easier.

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Re: What is the best wallet for DOT?
« Reply #3 on: January 11, 2021, 05:07:34 PM »
just heard about this, honestly, this is a good breakthrough that Polkadot has done...
So far I have kept my Polkadot in the Atomic wallet even though I never encountered any problems while I was there but I would like to try Polkawallet because they provide a staking feature there.

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Offline ttcsalam

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Re: What is the best wallet for DOT?
« Reply #4 on: January 13, 2021, 02:33:20 PM »
This is certainly good news for all investors.Hopefully everyone can do stacking easily through it.This app will help investors a lot more.To do stacking reward calculations.

Offline Malam90

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Re: What is the best wallet for DOT?
« Reply #5 on: January 21, 2021, 06:33:39 AM »
This is certainly good news for all investors.Hopefully everyone can do stacking easily through it.This app will help investors a lot more.To do stacking reward calculations.

You can use their official wallet (https://polkawallet.io) for holding DOT. or You can use Binance exchange for holding or staking DOT. Kraken, Kucoin, Bithumb exchange also provides DOT staking facilities.

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Re: What is the best wallet for DOT?
« Reply #6 on: January 24, 2021, 10:51:51 AM »
I am happy to know about Polkawallet. I think it will be more easy to buy, stakingand holding DOT. Till now i am holding and trading DOT on Binance Exchanger. I will try to use Polkawallet to use more easier.
I agree with you. I will try to fallow the instruction. Although I have nothing in stock. But I hope to buy more in the future.I really like your advice.

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Re: What is the best wallet for DOT?
« Reply #6 on: January 24, 2021, 10:51:51 AM »


Offline Malam90

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Re: What is the best wallet for DOT?
« Reply #7 on: January 25, 2021, 04:52:48 PM »
I am happy to know about Polkawallet. I think it will be more easy to buy, stakingand holding DOT. Till now i am holding and trading DOT on Binance Exchanger. I will try to use Polkawallet to use more easier.
I agree with you. I will try to fallow the instruction. Although I have nothing in stock. But I hope to buy more in the future.I really like your advice.

You have missed the opportunity to purchase when we provide update under $8.00. It's bad luck for not only you but also others who haven't able to purchase under $10. Right now it's time to confusion whether uptrend or correction stage. But in the long run, it's a good investment in my opinion. So according to your balance, you can purchase with little amount regularly to increase amount of holds.

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Re: What is the best wallet for DOT?
« Reply #8 on: January 26, 2021, 06:35:35 PM »
Of course, the hardware wallet is a safer place to store. In any case, this wallet is more reliable than storing your coins on the exchange. I liked this wallet, even though it takes a long time to load balances.

Offline Malam90

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Re: What is the best wallet for DOT?
« Reply #9 on: January 27, 2021, 06:42:44 AM »
Of course, the hardware wallet is a safer place to store. In any case, this wallet is more reliable than storing your coins on the exchange. I liked this wallet, even though it takes a long time to load balances.

Right, There no wallet that is more safer than Hardware wallet but those wallets offers lower rate of staking where Binance and few Exchanges offer higher than wallets. That's why investors and traders prefer to imply in staking Binance although it's risky but also more profitable too.  :)

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Re: What is the best wallet for DOT?
« Reply #10 on: January 27, 2021, 09:06:40 AM »
Of course, the hardware wallet is a safer place to store. In any case, this wallet is more reliable than storing your coins on the exchange. I liked this wallet, even though it takes a long time to load balances.

Right, There no wallet that is more safer than Hardware wallet but those wallets offers lower rate of staking where Binance and few Exchanges offer higher than wallets. That's why investors and traders prefer to imply in staking Binance although it's risky but also more profitable too.  :)

At the end if you calculate what you will be getting from staking it is not very much or should i say it is not almost worth it, in fact i just realize that after staking my dia for 45 days that i had just left them and do occasional flipping it would have given me much more than what binance is offering for 45 days of staking.

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Re: What is the best wallet for DOT?
« Reply #11 on: January 27, 2021, 09:29:45 AM »
Polkadot (DOT) has released their official Mobile wallet named PolkaWallet. Which can be used for holding, staking, Governance and Interchain.




As it is online and not free from the risk of hack, i would recommend Trezor T hardware wallet which is secured. It supports many features including staking facilities.
I don’t use this wallet for DOT coins, we can use Binance exchange as a wallet, also we can use this Binance exchange for staking for DOT coins. But all exchange wallet and online wallet is not 100% secure wallet for our fund. So we can use Hardware wallet for our assets.               

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Re: What is the best wallet for DOT?
« Reply #12 on: January 28, 2021, 06:08:40 AM »
polkadot It might be more profitable to think if you can invest in it than to streak it. I have seen many times that staking sometimes leads to loss from profit. Because the price of polkadot is constantly increasing, so if you can keep investing in the future can be very profitable. Therefore, it will be better for the future to keep investing than sticking.
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Re: What is the best wallet for DOT?
« Reply #13 on: January 28, 2021, 10:01:19 AM »
Polkadot (DOT) has released their official Mobile wallet named PolkaWallet. Which can be used for holding, staking, Governance and Interchain.

As it is online and not free from the risk of hack, i would recommend Trezor T hardware wallet which is secured. It supports many features including staking facilities.
That's great for all DOT lovers, but we need to be more aware of fake apps as some fake polkadot mobile wallets just like that which is published on google play store and many users get trapped into those fake apps. So, it's better to redirect to google play store from official websites.

I don’t use this wallet for DOT coins, we can use Binance exchange as a wallet, also we can use this Binance exchange for staking for DOT coins. But all exchange wallet and online wallet is not 100% secure wallet for our fund. So we can use Hardware wallet for our assets. 
           
TBH, i always remember "Not your key, Not your crypto" everytime. So, avoiding to store funds on exchange will be best for all as you also agree to use hardware wallet to store our assets.
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Re: What is the best wallet for DOT?
« Reply #14 on: January 28, 2021, 10:35:20 AM »
Is it!! ohh that's really good for all i think. PolkaDOT is one of the best coin in market and CMC market says also. They have come to market within very short time in top rate because of its potentiality and improved version which is separate from other coin. I think mobile wallet will help everyone to store DOT easily.

 

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