What's the most secure wallet for altcoin

[hugeblack]

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.

Recommending a closed-source wallet like Trust wallet may not seem like a good choice, especially if we are talking about investments of thousands of dollars, in addition to being closed-source, it offers questionable security. It is better to use it for small investments or those tokens that are only present in anonymous wallets.

[bayu7adi]

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

Yep, Trezor immediately comes to my mind as a safe altcoin wallet... hardware wallets have a better layer of security than storing them on software wallets like TrustWallet or even other mobile wallets...

The price of this wallet starts from $49 for the cheapest version of Trezor One, while Trezor Safe 3 costs $79 and Trezor Safe 5 $169... of course the features vary depending on the type of trezor purchased.

[bitterguy28]

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.

all wallets that are held in phones and accessed by the internet are vulnerable to some extent because of how secure the user is by using the internet and the device in itself but i actually have not encountered a lot of problems with trustwallet though granted it is not my main wallet but there are many coins available which certainly makes it attractive to me

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.

it depends on you really if you are fairly confident that you will not be transferring any of your coins regularly then you should definitely go and use hardware wallet for maximum security but some people are looking for platforms to send from and receive to

[libert19]

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.

Wallets just should give option for setting custom transaction fee as their recommended values tend to be hit or miss.

The price of this wallet starts from $49 for the cheapest version of Trezor One, while Trezor Safe 3 costs $79 and Trezor Safe 5 $169... of course the features vary depending on the type of trezor purchased.

I wanted to buy Trezor HW short time ago, yes they are cheaper in US but their resellers in other countries sell pretty expensive. For example, Etherbit.in official reseller of Trezor wallets in India sells it at ~300 USD despite it officially retailing at 169 USD.

[taufik123]

all wallets that are held in phones and accessed by the internet are vulnerable to some extent because of how secure the user is by using the internet and the device in itself but i actually have not encountered a lot of problems with trustwallet though granted it is not my main wallet but there are many coins available which certainly makes it attractive to me

Yes, it doesn't matter with trust wallets because they maximize their security and keep them up to date.
It's just about how users secure their respective devices and how they use the internet to connect wallets with Dapps that are used by many as a trap to drain wallets.

it depends on you really if you are fairly confident that you will not be transferring any of your coins regularly then you should definitely go and use hardware wallet for maximum security but some people are looking for platforms to send from and receive to

Sending and receiving can also be done easily using a hardware wallet. But if you don't want to bother using a hardware wallet, then just differentiate between a wallet for transaction activities for trading and the main wallet is better.

Now the tier 1 exchange does guarantee the security of every asset belonging to the user with SAFU, so trading activities can be more secured, even when my local exchange was hacked some time ago, all the lost funds were returned or replaced from the reserve funds owned by my local exchange.

[Amphenomenon]

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.

Oh, I haven't heard of this wallet and you speaking about there being many false sites, I would have loved for you to share the actual link site. Also, don't they have a github repo or any of such to verify if one is  using a legit source, before installing?

all wallets that are held in phones and accessed by the internet are vulnerable to some extent because of how secure the user is by using the internet and the device in itself but i actually have not encountered a lot of problems with trustwallet though granted it is not my main wallet but there are many coins available which certainly makes it attractive to me

Yes, it doesn't matter with trust wallets because they maximize their security and keep them up to date.
It's just about how users secure their respective devices and how they use the internet to connect wallets with Dapps that are used by many as a trap to drain wallets.

To be honest, he has once lost his funds on trustwallet and I think it will be more likely through those Dapps more likely from airdrop but anyway truswallet is no longer an option for him. While Metamask to me is often slow to me.

Now the tier 1 exchange does guarantee the security of every asset belonging to the user with SAFU, so trading activities can be more secured, even when my local exchange was hacked some time ago, all the lost funds were returned or replaced from the reserve funds owned by my local exchange.

This is good when the country as a proper regulation about all this but to be honest I often don't trust local exchanges in my Nation and I don't really see myself using of them again rather use a top CEX for trading than this. There is one instance where there were financial crisis from a local exchange and I think that happened 2022/2023 and now customers has not been able to get their funds and not to even talk of how they made  many swap their bitcoins for the exchange token around that time while still being unable to withdraw and their funds as been depreciating.
https://bitcointalk.org/index.php?topic=5464387.msg62740778#msg62740778
https://bitcointalk.org/index.php?topic=5495079.msg64023495#msg64023495

[Gurujebs]

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.

If you are going to use any wallet, just try as much as possible to avoid exchange wallet. The reason is that they centralized everything and force everything about their exchanges on their platform, they make you want to use their platform, the likes of OKX wallet, Bitget and Bybit wallet, they are built on the same User interface.

I will recommend recommend Metamask as a software wallet but if you want something better, go for hardware wallet and be safe for anything related to hack and scams. I will advice you get a desperate open source wallet for Bitcoin because you can't hold Bitcoin in it.

[bhadz]

Metamask is fine if the supported network is in there for which many of it are available in there. While the others like to use the desktop wallets that are advertised by orher people. It is about the comfort and fees that we can save through the transactions we do there. If it is possible to avail a hardware wallet, that is still the best choice.

[BitMaxz]

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.

If you are going to use any wallet, just try as much as possible to avoid exchange wallet. The reason is that they centralized everything and force everything about their exchanges on their platform, they make you want to use their platform, the likes of OKX wallet, Bitget and Bybit wallet, they are built on the same User interface.

I will recommend recommend Metamask as a software wallet but if you want something better, go for hardware wallet and be safe for anything related to hack and scams. I will advice you get a desperate open source wallet for Bitcoin because you can't hold Bitcoin in it.

I don't think that's good advice Keep installing different wallet is not a good idea you might end up installing a compromised wallet or a wallet that includes malware.
If you are going to use a wallet always use a wallet which is recommended for multi coin support but the only only good wallet with open source are hardware wallets.
Metamask only support Tokens I don't think that's a good wallet but if your all coins are token then that is a good option.

[taufik123]

To be honest, he has once lost his funds on trustwallet and I think it will be more likely through those Dapps more likely from airdrop but anyway truswallet is no longer an option for him. While Metamask to me is often slow to me.

Ultimately it all depends on how the user uses the wallet, whether he is vigilant or not, because there are many traps set by scammers and if he falls into that trap then it will be the end of everything.

Even though using metamasks, it is still very vulnerable because there are also many cases of hacking occurring through metamasks.

[ZAINmalik75]

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.

He should chose BTC specific wallets for BTC and other wallets for alts if that works for him. This way he can get better rates for BTC transactions but the difference is not big. Bitget is a good wallet I have used it and been using it for long time and there is absolutey no sync issues with it till now that I faced.

He can use trust wallet and rabby wallet if rabby wallet have an application otherwise their extension is also good to hold any coin in the wallet it will show all the coins available on all the chains and its built in swap option is also very cheap.

[sampoerna]

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.

Recommending a closed-source wallet like Trust wallet may not seem like a good choice, especially if we are talking about investments of thousands of dollars, in addition to being closed-source, it offers questionable security. It is better to use it for small investments or those tokens that are only present in anonymous wallets.

Trust Wallet, and various online wallets in general, although they claim that they are secure and definitely safe, it really does not promise or guarantee its security. There will still be various risks that can make someone lose their assets in the wallet. That's why since the past, never recommend online wallets or the like to store so many assets in the wallet, especially for the long term. That's why, even though there are risks, I would recommend using a hardware wallet if it is a large amount and also for a long period of time. Although there is no zero risk, at least this will be safer and we can also manage it better.

[joniboini]

I wanted to buy Trezor HW short time ago, yes they are cheaper in US but their resellers in other countries sell pretty expensive. For example, Etherbit.in official reseller of Trezor wallets in India sells it at ~300 USD despite it officially retailing at 169 USD.

That doesn't seem to be the case in my country. Is this related to their tax regulation or something similar? While it's more expensive to buy from an official reseller, the difference is not that huge. I don't think I've found a reseller selling with a 50% price difference here.

2x more expensive makes it feel like you're buying from a non-official reseller. If that's the case, might as well try to set up a live USB, build your own HW, or something similar.

[libert19]

I wanted to buy Trezor HW short time ago, yes they are cheaper in US but their resellers in other countries sell pretty expensive. For example, Etherbit.in official reseller of Trezor wallets in India sells it at ~300 USD despite it officially retailing at 169 USD.

...

2x more expensive makes it feel like you're buying from a non-official reseller. If that's the case, might as well try to set up a live USB, build your own HW, or something similar.

Etherbit is official reseller of Trezor devices in India, to confirm same you can search the name in Trezor's resellers list: https://trezor.io/resellers

I settled with Tangem hw eventually (cards, not ring), it's priced similar to it's USD price here.

[PX-Z]

Even though using metamasks, it is still very vulnerable because there are also many cases of hacking occurring through metamasks.

Most cases are from user's fault, user's device and more precise it's user's browser were compromised. But if your device is safe and secured, metamask is not an issue.