Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: patilsujan on December 21, 2020, 02:03:26 PM
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You need a decentralized wallet to store cryptocurrency. Then they are software wallet or hardware wallet. There is a high risk of fund theft from software wallet. But in the near future, new people are coming into the crypto field. Then they can't take Hardware wallet, because considering its use and its cost, then softwar wallet is a great options for it. What do you think is the safest and secure wallet to store cryptocurrency?
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Wallet basically 3 types
1. Software
2. Hardware
3. Web wallet
Online wallets : trust wallet, metamask, coinbase, MyEtherWallet, Tronprolink, ledger wallet and other wallets.
Offline wallet : Trezor wallet
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I only use software wallet, and my best amongst all the software wallet I've used is trust wallet, I so much love this wallet for its simplicity, lightweight, user-friendly interface, being able to store coins from different blockchains in one wallet, and also, being able to buy and sell tokens through different decentralized exchanges like uniswap and the rest is a huge bonus.
This is my best software wallet for now.
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Hardware wallet is seen as the safest solution because you only access the crypto assets in your wallet when you directly connect the hardware wallet to the internet.
Software wallet is ranked second because not everyone has the right to launch a software wallet on your device.
The bottom ranked wallet is online, because anyone can attack your wallet 24/7.
However, online wallets are most popular because of its friendliness and free of charge. If you have a bit of crypto assets, buying a hardware wallet is expensive (around $100) while the software wallet installing is complicated and requires a compatible device.
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The use of crypto wallets is often a special concern for holders of crypto assets of more than $1000.
There are lots of user friendly wallet apps nowadays such as Trust wallets and hardware wallets to protect your wallet from hackers.
Until now, the use of a web wallet may still be an option, because you don't have to bother downloading applications or forgetting to bring a hardware wallet like ledger nano s.
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If you really want to store your cryptos in a safest digital wallet there is nothing we can recommend here I think except for hardware wallet. Because a person would never ask about what is the safest wallet if his fund is just little since the hackers would not bother themselves for your account. Coinbase, trust wallet, and imtoken are already good choice.
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I love trust wallet and i am using this from 2 years. Its very simple to use and user friendly. I think this is the best wallet.
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If you managed to accumulate significant sums in the cryptocurrency from several hundred or thousands of dollars and you are not engaged in trading, then it is best to buy a wallet like Ledger or Trezor and store on it
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If anyone want to store their millions of crypto fund into their online wallet they should buy Ledger and Trezor wallet and these are safe and secured. Amd also use Trust wallet and metamask, MEW and coinbase too.
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You need a decentralized wallet to store cryptocurrency. Then they are software wallet or hardware wallet. There is a high risk of fund theft from software wallet. But in the near future, new people are coming into the crypto field. Then they can't take Hardware wallet, because considering its use and its cost, then softwar wallet is a great options for it. What do you think is the safest and secure wallet to store cryptocurrency?
I think the question is not the safest because everything has a weakness, whether its a software or hardware wallets, But I believe it defends your purpose, if you are holding a large number of cryptocurrencies it means you can afford a hardware wallet, and it's economically viable for you, but how about us the small-time cryptocurrency holders it's already expensive to buy a hardware wallet as far as know software base wallets are the most use cryptocurrency wallets because it's free and widely available.
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Hardware wallets are the best choice for storing your assets, because hardware wallets do not have to be connected to the internet and can be carried anywhere, this is an important point, so as long as you carry your wallet and are not connected to the internet, hackers will not be able to break into your wallet.
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In my view, the best wallets for keeping coins are hardware wallets. There are many kinds of hardware wallets that can be options nowadays. You can choose Ledger Nano, Trezor, or other brands. As long as you can keep the hardware wallets in safe places, it should be secured.