Which is the best wallet?

[Little boss]

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.

[Spyroo]

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.

People use different types of wallets to work with cryptocurrencies.I think not everyone uses the same wallet that everyone likes.
Electum
Mycelium
Exodus
Green wallet
Blue wallet
Trust wallet
You can feel free to use these wallets to work with cryptocurrencies.

[Ambatman]

I don't know about a specific best wallet, what i do know id that all best wallet are usually open sourced non custodial wallet.
I would agree with @spyroo on Electrum and blue wallet, mycelium despite been a non custodial isn't user friendly and trustwallet isn't open sourced so that's a No No for me.

If you don't understand what I meant by non custodial and open sourced wallet do let me know.

Batman out.

[Gladitorcomeback]

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.

For long time crypto holding I will recommend to use hardware Wallet as hardware wallets are considered most trusted wallet so far. The chances of hacking/scamming is very much low as your phrase will not be active anywhere in the internet. You just have to gives approval for every confirmation.

The top 4 Hardware Wallets:
Trezor Model T
Ledger Nano X
NGRAVE ZERO
BC Vault

More details how to buy and which one us best suitable for you can be check here

If you have no access to get hardware wallet then try to use Electrum for btc holding and Unstoppable wallet or Exodus for other altcoins

[Nheer]

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.

People use different types of wallets to work with cryptocurrencies.I think not everyone uses the same wallet that everyone likes.
Electum
Mycelium
Exodus
Green wallet
Blue wallet
Trust wallet
You can feel free to use these wallets to work with cryptocurrencies.

This are good wallet choices but are most of these wallets bitcoin wallet which some of them doesn’t support multi-coin feature bit i think OP is referring to multi coin wallet to hold different coins. Holding a coin for a long period i will advise you go for a hardware wallet instead which @Gladitorcomeback has suggested some of the best options for you.

If you can’t afford hardware wallet then you should rather opt for a non custodial open source wallet like trust wallet or green wallet and for holding bitcoin blue wallet and Electrum wallet are good choices as well.

I hope you understand the security measures for keeping wallet safe, if you don’t you should seek guidance or carryout research about it.

[$crypto$]

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.

If for the long term, of course you have to use hardware for extra security, there are several hardware wallets with many models available and it is more advisable to buy from the official site so that there is no compromise that occurs with the hardware if you buy on another marketplace. .

Or you want to use a hotwallet but it is not recommended for the long term.
Electrum and Bluewallet are open source bitcoin-only wallets.
Unstoppable multichain wallet because it supports multiple coins is only available for mobile.

But my suggestion is to use Trezor hardware wallet (https://trezor.io/trezor-model-one) the price is $59 not too expensive, I use this wallet to store BTC and some other coins.

[Lordhermes]

Can you share me best wallet name for holding crypto as long time.

Since you want long term then consider using decentralized wallets to hold your assets, if you wish to buy coins from centralized exchange to your dex wallet for long storage, that's fine, if you consider getting it through various DeFi platforms is also another good tick.

[hugeblack]

People use different types of wallets to work with cryptocurrencies.I think not everyone uses the same wallet that everyone likes.
Electum
Mycelium

I would agree with @spyroo on Electrum and blue wallet, mycelium despite

Electrum,  blue wallet, and mycelium are BITCOIN ONLY WALLETS. They do not accept altcoins and are good options for anyone who wants to buy Bitcoin.


The best open source options are:

 - MyEtherWallet
 - Unstoppable wallet
 - Hardware wallets.

These options are generally good if you want to store large amounts, but if you want small amounts, the trust wallet is suitable, especially since you can store most or even all of the cryptocurrencies there.
If your investment is short-term and for small amounts (less than $400), it is better to leave the money in CEX.

[defy]

But my suggestion is to use Trezor hardware wallet (https://trezor.io/trezor-model-one) the price is $59 not too expensive, I use this wallet to store BTC and some other coins.

I can also vouch for the Trezor product line because its what I have been using for a number of years now.

they are very versatile and mine hasnt failed in these years.

They are open source coding
you can sign messages
create multiple hidden wallets

I just want to add that as well as using a hardware wallet its extremely important to be mindful of securing and storing your passphrase and wallet seed, actually this applies to all wallets actually.

this might sound obvious to most but some people think it might be ok to store it on the cloud or in an email but I would definitely store it offline in a very secure place.

[joniboini]

but if you want small amounts, the trust wallet is suitable, especially since you can store most or even all of the cryptocurrencies there.
If your investment is short-term and for small amounts (less than $400), it is better to leave the money in CEX.

I'd suggest sticking to Unstoppable wallet even if you only managed small amounts. Trust Wallet is a closed-source wallet. It isn't easy to judge just how secure they are. The recent updates change a lot of things too, and we don't know if there is any change on their backend/security. CMIIW.

As for leaving money on CEX, I'd suggest anyone read some news related to exchange hacks/locked accounts due to KYC issues before they decide to keep money on an exchange. It is impossible to remove the risk, but you should be aware that the cost and time to recover ~$200 whenever a hack happens is probably bigger than that, and the exchange can just "run away" with your money. Just be aware of the risk before you pull the trigger.

[SamReomo]

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.

I would suggest you to go with Electrum if you want to hold your Bitcoin investment for long term. But, the Electrum should be installed on a secure system and once the wallet is created and seed phrase and private keys are saved then one should try to make the system air-gaped for best safely and never touch the wallet until he decides to sell those Bitcoin at profit.

Although, TrustWallet isn't suggested for new users but still I would recommend to use it if you want to invest in Altcoins, the best thing about Trust Wallet is that it gives you the keys and seed phrases as well but some people suggest to avoid it because it's close source software. I would strongly suggest you to avoid storing your coins at an online exchange as that's the riskiest option out there.

[hugeblack]

I'd suggest sticking to Unstoppable wallet even if you only managed small amounts.

Unstoppable wallet is an excellent wallet but has sync issues and does not support all altcoins.

It is impossible to remove the risk, but you should be aware that the cost and time to recover ~$200 whenever a hack happens is probably bigger than that,

I agree with you, but in the end it is your risk management policy. If the amount of $200 is large in your country, withdraw it, but in general, although I do not prefer investing in low market cap altcoins, withdrawing it to wallets is sometimes not a good idea.

[NikeFit_7777]

I would suggest you to go with Electrum if you want to hold your Bitcoin investment for long term. But, the Electrum should be installed on a secure system and once the wallet is created and seed phrase and private keys are saved then one should try to make the system air-gaped for best safely and never touch the wallet until he decides to sell those Bitcoin at profit.

Although, TrustWallet isn't suggested for new users but still I would recommend to use it if you want to invest in Altcoins, the best thing about Trust Wallet is that it gives you the keys and seed phrases as well but some people suggest to avoid it because it's close source software. I would strongly suggest you to avoid storing your coins at an online exchange as that's the riskiest option out there.

So what makes Trust bad for storing altcoins? It is very well suited for this purpose. Initially, it just depends on the user how they feel about security. Any hot wallet can be more secure than any cold wallet. Or alternatively, one can use multiple hot/some cold wallets. What would  minimize any risks. Imho, this is of course everyone's business, but I stick to (even in wallets) diversification.

About the cryptocurrency exchange, 100% correct. Storing on an exchange = giving cryptocurrency to its owner. Not Your keys, not Your money. 

[LDL]

Of course the most important thing when it comes to cryptocurrency storage is wallet selection. If your stock wallet is not secure then your bitcoins are not guaranteed. If you can't protect the security of the wallet, then you will definitely not be free from the risk of being hacked. That is why you must pay attention to hardware wallets. You can select the hardware wallet of your choice from the various bands of hardware wallets available in the market. Moreover, if you don't want to use hardware wallet, you can use software wallet, in this case you have to use best rated software wallet of playstore.

[ajiz138]

I always recommend hardware wallets and this is an open source hardware wallet created by @dkbit98. Open Source Hardware Wallets

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.

Rethink the amount you have if it is safer but the hardware is much better.