Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Crypto Wallets => Topic started by: Little boss on December 09, 2023, 03:47:34 PM
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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.
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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.
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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.
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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 (https://www.coinbureau.com/analysis/best-hardware-wallets/)
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
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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. 8)
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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.
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I always recommend hardware wallets and this is an open source hardware wallet created by @dkbit98. Open Source Hardware Wallets (https://www.altcoinstalks.com/index.php?topic=314728.0)
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.
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It depends on what you mean by "best" since there are many wallet types that serve different purposes and your unique circumstances.
For long-term storage:
- If you have the money: Trezor or Ledger
- If you don't have the money: Paper wallet
- If you have a working old phone: Factory Reset -> Install opensource multi-coin wallet (like Unstoppable Wallet) -> disconnect your internet access.
Disclaimer: DYOR & DWYOR
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If you have the funds, to buy a cold wallet - you can try to buy one. But, diversification is a must in this case. Yes, even in cold wallets, there should be diversification. Believe me, I've had enough experience.
If there are no funds, you can access Trust, Electrum, Exodus. There are quite a few others (I do not use all of them). You can look them up on Google.
Remember, none of the wallets will never guarantee the safety of your funds. Look at how many times, this year there have been hacks. And then, everything will become clear to you. The final choice is yours alone. I'm just stating my opinion. 8)
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If you have the funds, to buy a cold wallet - you can try to buy one. But, diversification is a must in this case. Yes, even in cold wallets, there should be diversification. Believe me, I've had enough experience.
If there are no funds, you can access Trust, Electrum, Exodus. There are quite a few others (I do not use all of them). You can look them up on Google.
Remember, none of the wallets will never guarantee the safety of your funds. Look at how many times, this year there have been hacks. And then, everything will become clear to you. The final choice is yours alone. I'm just stating my opinion. 8)
If for that matter, it is possible to keep good funds even on the exchange, or rather to say on different exchanges, as well as on many different wallets, and if you have funds in usdt, you can simply transfer them to your bank card by exchanging them for euros or dollars and keep for a while there.
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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.
Open Source hardware wallets are the best option both for long term storage of coins, and for spending in combination with hot wallets.
For hot wallets Unstoppable is not a bad option, but it has some issues for people who are using many coins or if they want to use coin control for bitcoin.
Other hot wallet open source alternatives worth checking out are Stack wallet and OneKey software wallet (both mobile and desktop).
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Remember, none of the wallets will never guarantee the safety of your funds. Look at how many times, this year there have been hacks. And then, everything will become clear to you. The final choice is yours alone. I'm just stating my opinion.
It is not possible to give any guarantee regarding the security of crypto currency wallets because many times due to some personal mistakes one has to face a bad situation like wallet being hacked. But if the user is very careful about the wallet and if the user can use it properly on his device with security then any wallet is very important in terms of security. However, in my personal life I have used hardware wallets as well as multiple non-custodial softwares and every wallet is very careful about security. If a wallet gets hacked then users' apathy and lack of concern about security is largely responsible.
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It is not possible to give any guarantee regarding the security of crypto currency wallets because many times due to some personal mistakes one has to face a bad situation like wallet being hacked. But if the user is very careful about the wallet and if the user can use it properly on his device with security then any wallet is very important in terms of security. However, in my personal life I have used hardware wallets as well as multiple non-custodial softwares and every wallet is very careful about security. If a wallet gets hacked then users' apathy and lack of concern about security is largely responsible.
Excuse me, did you write this message via chatgpt by any chance? ;D
Well, as a matter of fact, yes, that's what I wrote above. It's not worth looking for a guarantee in either a cold or hot wallet. Diversification, no one has ever canceled. Yes, even in wallets it should be and it is normal. 8)
What specific, cold wallets have been used? (list them if not difficult). About the programs, what exactly do you mean? I understand that they are not related to wallets, but still I wonder what kind of programs they are.
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If the focus is only on bitcoin, I think hardware wallets like trezor or maybe ledger are still the best to date because there is no doubt in it in my opinion because I have felt when storing here as long as we don't give seed to anyone and store it safely then we will avoid problems but if it is for the whole like altcoins and bitcoin then I am not too tshu about it because indeed for some alt I still use trust wallets and hardware safepal until now and more in trust wallets because there are so many altcoins that are not very useful so I am not too worried about storing there.
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If you want to invest consistently and if you need to do bitcoin transactions regularly I suggest you to use exchange wallet so you don't have to pay extra transaction fees. Or if you think you will buy a large amount of bitcoins at once and hold them in your same wallet for a long time, you can use a software wallet. However, software wallets are quite secure compared to exchange wallets. Electrum Wallet seems to me to be the best software wallet in terms of usability and security. I have discussed both with you and now you see which one seems more acceptable to you and hope you choose the wallet based on which one you will do.
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I see ledger being recommended a lot but with all that has happened to them over the years?
1. When their customer's data were leaked
2. The once planned ledger recover backup subscription
3. and the recent security exploit concerning dapps
I'd pick a different hardware wallet if I were you. These incidents also further affirmed how important an open source wallet is, I suggest starting with the thread: Open Source Hardware Wallets (https://www.altcoinstalks.com/index.php?topic=314728.0)
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- If you have the money: Trezor or Ledger
- If you don't have the money: Paper wallet
- If you have a working old phone: Factory Reset -> Install opensource multi-coin wallet (like Unstoppable Wallet) -> disconnect your internet access.
- All of these options are very bad. Ledger is closed source, they have the possibility of uploading your private key to a third party, customer data has been leaked several times, and they are expensive compared to other options.
- Paper wallet does not have privacy features as you only get one address, you cannot store it as easily as seeds and you need a camera to scan the private key.
- disconnect your internet access will not help you avoid being scammed, you should not download random apps. For alternative currencies, you can purchase a hardware wallet or be satisfied with what is available in the new wallet ----> https://www.myetherwallet.com/
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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.
Open Source hardware wallets are the best option both for long term storage of coins, and for spending in combination with hot wallets.
For hot wallets Unstoppable is not a bad option, but it has some issues for people who are using many coins or if they want to use coin control for bitcoin.
Other hot wallet open source alternatives worth checking out are Stack wallet and OneKey software wallet (both mobile and desktop).
Yep, I was about to say this, open wallet, regardless if it is hardware or web wallet should be open source.
I haven't heard of Stack Wallet and OneKey wallet software, but for sure it's worth checking and see how it fit my (our needs). For now it's just Electrum for me and some combination of hardware wallet.
And I did some experiments of air gap too, just in case.
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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.
Open source wallets are the recommendable wallets because they're under public scrutiny. The codes are visible for all to see, and there's little or no room for an hacker to exploit it because many eyes are looking through the codes. Any bug or abnormality is quickly reported and fixed. Example are Trezor, passport, electrum, bluewallet, unstoppable wallet etc.
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You can store crypto assets in cold wallets, such as Ledger Nano S, Safepal and much in Lian's hardware, the most important thing is, never connect the dimpets you have to the Phishing site, because your assets can be lost by the hackers
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The long lasting of wallet depending on individuals difference you can hold and use a specific wallet for long without losing your assets if you keep your phrase and private key from the reach everyone that is close to you or even from friends you would noticed that such wallet will last for you. Before what I do use MEW or metamask although trustwallet is also good but i stop using it because of a personal reason and i guess lot of them has been mentioned over here.
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You can store crypto assets in cold wallets, such as Ledger Nano S, Safepal and much in Lian's hardware, the most important thing is, never connect the dimpets you have to the Phishing site, because your assets can be lost by the hackers
My point is that Leadger is not a cold wallet. Safepal - yes, you can use it. The main thing is that there is no negative news with it. And that's really saying a lot.
Sorry, how to use (every day) Leadger if your sid-phrase is known to other 9-campaigns. There is no decentralization at all. Then cryptocurrency can't be "safely" stored. One button will permanently lock your account. Or if no firmware update = no funds (which is also possible soon).
P.S. My thoughts on this. Think about what I've said.
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The most popular and best wallets are the ones I use and the wallets I love the most. Especially those wallets that offer maximum security and are hacked.
Trust wallet
Metamusk wallet
Coinbase wallet
Etc...
Moreover, hardware and software wallets are the most popular, they are less likely to be hacked, but you must store the keys.
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Sorry, how to use (every day) Leadger if your sid-phrase is known to other 9-campaigns. There is no decentralization at all. Then cryptocurrency can't be "safely" stored. One button will permanently lock your account. Or if no firmware update = no funds (which is also possible soon).
You probably meant the seed phrase. But what do you mean by 9-campaigns? Are you referring to 9 companies who hold our 'encrypted' private key if we use Ledger Recover? I thought it was only 3. Coincover, Ledger, and EscrowTech? Did they update it or is there new information about how their product works from a leaker? But yeah, better move from them as soon as possible. I read that someone needs to update their firmware when they want to swap with Pancakeswap recently, won't be surprised if other platforms follow son because they need to do it because one of their dependencies requires a Ledger kit or something. CMIIW.
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Any hot wallet can be more secure than any cold wallet. Or alternatively, one can use multiple hot/some cold wallets.
No, hot wallets can't be more secure than cold wallets. I do said that some people can choose trust wallet for storing their altcoins but still I will always prefer cold wallets over the hot wallets. Hot wallets are more vulnerable to hacking attacks then cold wallets.
Only way someone can attack cold wallet is if they learn about its seed phrase or private keys other than that cold wallets can't be hacked by anyone. But, hot wallets are highly vulnerable to malware and spyware attacks and that's the main reason why most people trust cold wallets or air-gapped systems over the hot wallets.
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Any hot wallet can be more secure than any cold wallet. Or alternatively, one can use multiple hot/some cold wallets.
No, hot wallets can't be more secure than cold wallets. I do said that some people can choose trust wallet for storing their altcoins but still I will always prefer cold wallets over the hot wallets. Hot wallets are more vulnerable to hacking attacks then cold wallets.
Only way someone can attack cold wallet is if they learn about its seed phrase or private keys other than that cold wallets can't be hacked by anyone. But, hot wallets are highly vulnerable to malware and spyware attacks and that's the main reason why most people trust cold wallets or air-gapped systems over the hot wallets.
That's right. No hot wallet can be better than a cold one. And I think that every crypto enthusiast, if he gets rich, goes to trezor or ledger. Because these are really reliable places to store large amounts of cryptocurrencies!
In the meantime, I have small amounts of cryptocurrencies, I use Electrum and TrustWallet.
At the same time, I consider Electrum to be more reliable, because its source code is open. And even if the Trust Wallet was made by people associated with Binance, its code is closed.
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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 you want to hold your Crypto for long periods then you can select below wallets
Hardware wallet: Trezor, keepkey, Safepal wallet , Ledger NanoS
Electrum wallet
Metamask wallet
Trust wallet
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For long-term storage of crypto assets, it's generally recommended to use hardware wallets due to their enhanced security features and protection against online threats. Two reputable hardware wallets are:
1. **Ledger Nano S or Ledger Nano X:** Ledger devices are widely trusted in the crypto community. They provide offline storage, keeping your private keys secure from online threats. Ledger Nano X offers additional features and more storage capacity compared to Nano S.
2. **Trezor Model T:** Trezor is another well-established hardware wallet. The Model T is known for its security features and ease of use. It supports a variety of cryptocurrencies and is suitable for long-term storage.
Remember to purchase hardware wallets directly from the official websites to ensure that you receive a genuine and untampered device. Additionally, always set up your hardware wallet in a secure environment, and carefully store the recovery seed or private key in a safe place.
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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.
op If you hold Altcoins I would usually refer you to software wallets. Or if you hold bitcoins then I will explain hardware wallet or software wallet. In that case you can use Ledger T , Mycelium , Trust wallet because these wallets are enough security for all prices. Before creating a new wallet you need to save the key properly. Keys should never be stored in Google Drive or online as there is a high chance of someone hacking them. Your wallet is safe if the keys are safe.
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Any hot wallet can be more secure than any cold wallet. Or alternatively, one can use multiple hot/some cold wallets.
No, hot wallets can't be more secure than cold wallets. I do said that some people can choose trust wallet for storing their altcoins but still I will always prefer cold wallets over the hot wallets. Hot wallets are more vulnerable to hacking attacks then cold wallets.
Hot wallets are less secured than cold wallets, they're more vulnerable to attacks because they're connected to the Internet.
Only way someone can attack cold wallet is if they learn about its seed phrase or private keys other than that cold wallets can't be hacked by anyone. But, hot wallets are highly vulnerable to malware and spyware attacks and that's the main reason why most people trust cold wallets or air-gapped systems over the hot wallets.
I'd like to add that your funds can be stolen from an hardware wallet if the device you're using to send transaction is infected with a clipboard malware which could replace your address without you noticing. Also, you could lose your fund if you buy a tempered hardware wallet from an unauthorized dealer.
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That's right. No hot wallet can be better than a cold one. And I think that every crypto enthusiast, if he gets rich, goes to trezor or ledger. Because these are really reliable places to store large amounts of cryptocurrencies!
In the meantime, I have small amounts of cryptocurrencies, I use Electrum and TrustWallet.
At the same time, I consider Electrum to be more reliable, because its source code is open. And even if the Trust Wallet was made by people associated with Binance, its code is closed.
It all depends on the deposit and how each of us treats security. For someone, X-wallet is reliable, for someone else it is not. This issue can be solved only by diversification. For me personally, most of the hot wallets are perfect. And for someone else they not. ;D
P.S. It all depends on the individual, put your choice on the device you trust. At the same time, do not listen to anyone. This is really the most workable method. You can discuss it for a long time, and in the end you won't find the ideal for you.
Hot wallets are less secured than cold wallets, they're more vulnerable to attacks because they're connected to the Internet.
If you feel that way, switch to cold wallets. Or make your own. There is quite a lot of information on this subject on the Internet.
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I see ledger being recommended a lot but with all that has happened to them over the years?
1. When their customer's data were leaked
2. The once planned ledger recover backup subscription
3. and the recent security exploit concerning dapps
I'd pick a different hardware wallet if I were you. These incidents also further affirmed how important an open source wallet is, I suggest starting with the thread: Open Source Hardware Wallets (https://www.altcoinstalks.com/index.php?topic=314728.0)
That is worrying because customer data can be leaked like that, meaning that the security in the Nano Ledger device is not good, so it is not recommended.
With customers able to recover backup funds with their subscriptions, Ledger will give them to third parties, this is even more surprising, so when they have this device, they are no longer in use.
This exploit on the ledger became a stir earlier at X.com because their library failed to properly anticipate that it was connected to Dapps, although it was fixed in a short time but this remains a doubt.
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If you feel that way, switch to cold wallets. Or make your own. There is quite a lot of information on this subject on the Internet.
It's not a feeling, it's a known fact. The connection to the Internet makes it more vulnerable to attacks. You could see you're wrong from the reply you got from SamReomo, and my reply was just to buttress his earlier statement. If you're still sceptical, you might wanna take a look at this article.
"In summary, hot wallets are convenient for active crypto users. However, one thing to remember is that the internet connection of the traders may expose them to security risks. Users should consider their crypto activities when choosing between hot and cold wallets."
https://coindcx.com/blog/cryptocurrency/crypto-hot-wallets-vs-cold-wallets/
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It's not a feeling, it's a known fact. The connection to the Internet makes it more vulnerable to attacks. You could see you're wrong from the reply you got from SamReomo, and my reply was just to buttress his earlier statement. If you're still sceptical, you might wanna take a look at this article.
"In summary, hot wallets are convenient for active crypto users. However, one thing to remember is that the internet connection of the traders may expose them to security risks. Users should consider their crypto activities when choosing between hot and cold wallets."
https://coindcx.com/blog/cryptocurrency/crypto-hot-wallets-vs-cold-wallets/
Overall, I can say the following: "Absolutely nowhere, there is no guarantee of safety". I give preference to hot wallets, through the fact that I have never had problems with them. Not once, there was no theft of cryptocurrencies, etc. Besides, why pay 100-200$ for a cold wallet, if there are a lot of hot wallets. Choose one to your liking and use it. Or diversify and use both hot/and cold. No one forbids it. It's up to each user.
P.S. I read the article, alas, I learned nothing new for myself. Since I know a lot and constantly read something (for general development). Thanks anyway + karma 8)
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If you want to keep your cryptocurrency safe, you can definitely use the best hardware wallet in the market if you want to keep your funds in a more secure wallet. You can select your preferred wallet from Ledger Nano, SafePal, Trezor etc. All of them are very popular and safe and risk free to use.
Again Electrum wallet, exodus wallet, Unstoppable wallet also popular software wallet. One can easily use above software wallets.
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Overall, I can say the following: "Absolutely nowhere, there is no guarantee of safety". I give preference to hot wallets, through the fact that I have never had problems with them. Not once, there was no theft of cryptocurrencies, etc. Besides, why pay 100-200$ for a cold wallet, if there are a lot of hot wallets. Choose one to your liking and use it. Or diversify and use both hot/and cold. No one forbids it. It's up to each user.
P.S. I read the article, alas, I learned nothing new for myself. Since I know a lot and constantly read something (for general development). Thanks anyway + karma 8)
I think you misunderstood me. I'm not trying to convince you to get a hardware wallet. What you do with your funds and how you store it is entirely your business. I was only trying to correct you, when you said hot wallets are more secured than cold wallets. However, on a more serious note, it'd be dumb if you have crypto assets worth thousands of dollars and you find it difficult to cough out a meager $100 - $200 to get a good hardware wallet.
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I think you misunderstood me. I'm not trying to convince you to get a hardware wallet. What you do with your funds and how you store it is entirely your business. I was only trying to correct you, when you said hot wallets are more secured than cold wallets. However, on a more serious note, it'd be dumb if you have crypto assets worth thousands of dollars and you find it difficult to cough out a meager $100 - $200 to get a good hardware wallet.
See, you're of a different opinion. We're all different and think differently. I even know people who bought cold wallets at (100-150$ pf 1 piece) and absolutely don't use it. If we're talking about hot wallets, you can diversify. Which I do because it's quick/affordable. That's what got me hooked on them. The cold ones have to be ordered/waiting for delivery - absolutely no time to do that. Maybe in time, I'll change my thoughts.
P.S. I just prefer hot wallets and nothing more. First and foremost, do what you are comfortable with and buy the purses you really believe in. ::)
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Recommend you use Enkrypt wallet that is base in MEW site. Using can be also as explorer extension and you have to save mnemonic phrases as well and along the password for access. It is strong competitor out there between rest wallets,quite popular as well. Any doubts in start you have quide video and page in MEW site for further information. I have been using for month now and unlike other wallets such as metamask ,my assets are in safe.
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Recommend you use Enkrypt wallet that is base in MEW site. Using can be also as explorer extension and you have to save mnemonic phrases as well and along the password for access. It is strong competitor out there between rest wallets,quite popular as well. Any doubts in start you have quide video and page in MEW site for further information. I have been using for month now and unlike other wallets such as metamask ,my assets are in safe.
Enkript is a good open source wallet and non custodial but instead of using that, I will advice OP to use Metamask. Either in phone or an extension, they work better and you can easily switch between different EVM chain either Ethereum, BSC, Fantom, Polygon and other layer 2 EVM chains and it's pretty simple and doesn't lag because it's light.
However, for more safety, I will say OP should buy hardware wallet, it require some money like $100 or less than depending on the type but it's worth the effort when you use it, you don't have to worry about scam or hack because it's never connected to the internet.
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If you want to keep your cryptocurrency safe, you can definitely use the best hardware wallet in the market if you want to keep your funds in a more secure wallet. You can select your preferred wallet from Ledger Nano, SafePal, Trezor etc. All of them are very popular and safe and risk free to use.
Again Electrum wallet, exodus wallet, Unstoppable wallet also popular software wallet. One can easily use above software wallets.
Hardware wallets are always safe and secure when using this type of wallet to store your bitcoins, your money must be at its highest level of safety. We have an idea about hardware wallets and we believe that hardware wallets are very secure but in many cases users cannot use hardware wallets due to which they are forced to use alternative wallets. Those who don't have access to hardware wallets can use some more secure mobile wallets like the one you mentioned. There are some other wallets including Electrum Wallet, Mycelium Wallet which are very safe and secure and if these wallets are used, users' money will be much safer than all other wallets.
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There are some other wallets including Electrum Wallet, Mycelium Wallet which are very safe and secure and if these wallets are used, users' money will be much safer than all other wallets.
Take note that your funds is only as safe as the device that stores it and your opsec. So you can use open source and well reviewed wallets, but if you have bad opsec and you don't keep your wallet in an offline or airgapped device, then it is not safe.
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There are many wallet in the cryptocurency world , it only depends on your research and potentials in storing and securing.
My top five best wallets are metamask, atomic wallet, luno wallet, trust wallet, roqqu, etc..
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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.
But green wallet supports only one but Bitcoin so I think OP is looking for multi wallet that he can use from Bitcoin to altcoins, though i support that Green is one best wallet if you are holding bitcoin because I have been using this wallet for 7 years now and never that i have a problem aside from one of my wallet that i lose access because I forgot my pass phrase .
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I usually use Metamask, really flexible and easy to use. Next one is Lovely Wallet, this is a new one and I just found it few hours ago
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I usually use Metamask, really flexible and easy to use. Next one is Lovely Wallet, this is a new one and I just found it few hours ago
You just found out about a wallet few hours ago and you are already recommending it, do you know if there is any hidden risk or bugs in this wallet. I have never heard about Lovely wallet before and i recommend that people stay away from it, do not use new wallets until you are sure they are safe. There are a lot of recommended wallets you can select to store your funds.
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There are some other wallets including Electrum Wallet, Mycelium Wallet which are very safe and secure and if these wallets are used, users' money will be much safer than all other wallets.
Take note that your funds is only as safe as the device that stores it and your opsec. So you can use open source and well reviewed wallets, but if you have bad opsec and you don't keep your wallet in an offline or airgapped device, then it is not safe.
Every wallet is very important for us and if we are not aware of the secret information of our wallet then we can lose our money. As electronic devices can be damaged or we easily forget the password of the electronic device, we can easily forget the password of the wallet or the personal information of the wallet. If our device is lost or the device is damaged or for some reason we forget the password of the wallet, so that we can recover our wallet later, we must note the important information of the wallet in one place. The benefit of keeping a note is that if the device is damaged or lost or if the password is forgotten, the wallet can be recovered later.
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There are many wallet in the cryptocurency world , it only depends on your research and potentials in storing and securing.
My top five best wallets are metamask, atomic wallet, luno wallet, trust wallet, roqqu, etc..
Metamask is the only wallet that I consider as decent but which itself not suitable for long term unless the user turns into a paper wallet after the creation and only use it for accumulation.
We need to understand that security of funds not really depends on the wallet which is basically an interface to access where our cryptos are stored, so privkeys/seeds are the real deal that has to be kept safe. And also when the wallet installed device connected to internet always at risk of security compromise.
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- If you hold Bitcoin, Electrum and hardware wallets, and if you hold altcoins, Metamask, Phantom wallet, klevr, and Trust wallet. the other wallets, just research others.
These are the ones I mentioned for me because they are proven and tested and I have never encountered a problem with the ones I mentioned.