What's the most secure wallet for altcoin

[Amphenomenon]

A friend of mine gave me the task of finding a good altcoin wallets to keep his cryptocurrency after his recent issues with CEX and now he wants to move to a non-custodial wallet and thereby having full control of his funds.

What is the best altcoin for you based on:

• fee estimation
• security and support
• Open source outside unstoppable wallet, because there are often syncing issues with it and I have even have that challenge with it before.

Although he would have also love to hodl his bitcoin there also. The wallet he is currently thinking of using is exodus or may be the bitget wallet but I did advise him earlier not to opt for the bitget wallet since their fee estimation to me is high, did a bitcoin transaction with it on time for someone.

 

[philipma1957]

Trezor is a decent wallet. The older models are pretty cheap and safe. They are a hardware wallet.

[TomPluz]

Trezor is a decent wallet. The older models are pretty cheap and safe. They are a hardware wallet.

Yes, that can be a good recommendation. Hardware wallet seems to be the safest option among the many as the control is really right in your hands and can never be subjected to hacking or similar incident...you just have to keep it safe away from anyone to steal from you. As for me, since I am so cheap and my crypto hoard is not that high, am just using the TrustWallet which is a good non-custodial wallet for me though I am not so sure if this can be so secure.

[hugeblack]

Your options will vary depending on how many altcoins you plan to hold.


The best option is hardware wallets, they are good, support a wide range of tokens and can customize fees.


Use more than one wallet as it is rare to find an open source wallet that supports a large number of altcoins.

[Findingnemo]

MEW is still a good wallet apart from the hardware wallet but most secured is subjective cause a software wallet can do the job too as long as we are not exposing it to any potential risks. So MEW can be recommended since it supports most chains and also non custodial which makes it a perfect for holding small amount like less than a couple thousand dollars anything beyond deserves a small investment for hardware wallet.

[philipma1957]

MEW is still a good wallet apart from the hardware wallet but most secured is subjective cause a software wallet can do the job too as long as we are not exposing it to any potential risks. So MEW can be recommended since it supports most chains and also non custodial which makes it a perfect for holding small amount like less than a couple thousand dollars anything beyond deserves a small investment for hardware wallet.

Yeah if you have 10,000 usd worth of coins or more make sure they are in a hardware wallet or two.

and save your seed copies.

[bounceback]

MEW is still a good wallet apart from the hardware wallet but most secured is subjective cause a software wallet can do the job too as long as we are not exposing it to any potential risks. So MEW can be recommended since it supports most chains and also non custodial which makes it a perfect for holding small amount like less than a couple thousand dollars anything beyond deserves a small investment for hardware wallet.

Correct me if wrong, MEW have duplicate website almost similar and leading the top keyword research at google, if you not be smart or carefully have opportunity get scam by accessing fake link of MEW. If hold much assets not doubt hardware wallet is the best way for securing altcoins assets but not good for trader take more longer time when opening hardware wallet, not problem by using MEW if have careful for accessing real site and always bookmark to avoid from fake site make us loss all our assets.

[Stuart]

It is a right thing to safe guard ones assets and crypto coins, while chosing which of the wallets to use. I will like to ask, is his crypto value upton or more than $5k - $10k? Cause if it's above $10k, using a hardware wallet is the very best, as the means of hijacking is more easy than hacking, and as a store of value, he/she will want to safe keep the hardware wallet safe and secured to avoid misplacement or lost. A good hardware wallet that I know of is Trezor, it has been for years and as an old brand in the system, they are constantly working on their security systems, which also has gained the trust of it's users over the years in use.

Outside a very high holding crypto value of your friend, using Trust wallet is a good one, and electrum wallet, whose transactions fees are friendly. For Trust wallet, it has a large range for holding altcoins and Bitcoin. Trust wallet has also gained their Trust in the crypto wallet industry for a period of time.

It is advisable that you should make some more research on different wallets comparing their transaction prices and different advantages/disadvantages over each of them.

[taufik123]

-snip-
Outside a very high holding crypto value of your friend, using Trust wallet is a good one, and electrum wallet, whose transactions fees are friendly. For Trust wallet, it has a large range for holding altcoins and Bitcoin. Trust wallet has also gained their Trust in the crypto wallet industry for a period of time.
-snip-

Trustwallet is a Multi wallet that can accommodate all coins with different networks,
but about security this depends on the user as well because it is indeed more vulnerable.

Meanwhile, electum is an Open Source wallet for Bitcoin that supports segwit and lightning wallets.

Instead of using Trustwallet the option to use a hardware wallet is much better as you said about the Trezor hardware wallet and the best ones are Ledger, Safepal and maish many more types of hardware wallets to choose from, as I myself am a safepal user and it is still safe today.

[Z-tight]

Although he would have also love to hodl his bitcoin there also.

Why does he want to hold his BTC in the same wallet as his altcoins, i do not recommend that, he can hold his BTC in Electrum, BlueWallet or Passport. As for his altcoins, you already said you don't want to recommend Unstoppable wallet to him and you need an open source option, then you have to go for an open source hardware wallet.

[LogitechMouse]

Hardware wallets are always the top recommendation when it comes to wallets for altcoins.

Trustwallet would be a good option as well, and correct me, but there are times when users got lost because of hackers, but still, there are many users of that wallet and maybe, some will recommend using that one as well especially for those who can't afford to buy a hardware wallet.

Well, there's no 100% safe wallet even those hardware wallets as well. Still, the best thing to do is to know how to prevent your seed phrase from getting exposed and being known by other people.

[KryptoBull]

A friend of mine gave me the task of finding a good altcoin wallets to keep his cryptocurrency after his recent issues with CEX and now he wants to move to a non-custodial wallet and thereby having full control of his funds.

What is the best altcoin for you based on:

• fee estimation
• security and support
• Open source outside unstoppable wallet, because there are often syncing issues with it and I have even have that challenge with it before.

Although he would have also love to hodl his bitcoin there also. The wallet he is currently thinking of using is exodus or may be the bitget wallet but I did advise him earlier not to opt for the bitget wallet since their fee estimation to me is high, did a bitcoin transaction with it on time for someone.

Many people have suggested hardware wallets to you, but I think current hot crypto wallets are also very secure. You can try Metamask, Phantom, Coinbase, Coin98... and easily experience many blockchains.

I also use Metamask, but currently I often use TrustWallet even though it doesn't have an open-source code as you mentioned. TrustWallet is owned by Binance, and I trust Binance so I don't need to doubt Trust

[PX-Z]

Trezor is a decent wallet. The older models are pretty cheap and safe. They are a hardware wallet.

I second to this. If OP wants to meet all of those checklist, Trezor is the best and most recommended hardware wallet for beginners and those who wants affordable at the same time secured.

[Z-tight]

Trustwallet would be a good option as well, and correct me, but there are times when users got lost because of hackers, but still, there are many users of that wallet and maybe, some will recommend using that one as well especially for those who can't afford to buy a hardware wallet.

Hackers can steal funds from any wallet if the user makes a mistake, that is either exposing their seed phrase or keeping their wallet in an online device. However, trust wallet is closed source and we cannot verify what goes on behind the scenes, so it may not be the best option to use.

[debra]

Actually, this is not too safe because it is an online wallet, but so far I have been using Metamask or TrustWallet to store altcoins. because basically, it is not for the long term so I choose an online wallet only, or one that is easily connected to several platforms. Of course, there are risks, it's just a matter of how we manage the risk

However, if it is for long-term saving or for a wallet that is used for many assets and wants higher security, then there is no mistake, a hardware wallet is the main choice. Indeed, there may be those who complain about having to buy and others, but that's the basics, more efforts, much saver.