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Author Topic: What's the most secure wallet for altcoin  (Read 4250 times)

Offline bitbit97

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Re: What's the most secure wallet for altcoin
« Reply #30 on: December 29, 2024, 02:16:13 PM »
Imo there are no most or less secure wallets. Every problem comes from wallet users. There are users who are cautious and follow security measures, and there are those who are reckless about their money, and there are exceptions like bad luck or coincidence. I dont believe there are any wallet or a person who can not be hacked or robbed. It matters little if you have most secure wallet, when $5 wrench attack turn all security into nothing.
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Re: What's the most secure wallet for altcoin
« Reply #30 on: December 29, 2024, 02:16:13 PM »

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Re: What's the most secure wallet for altcoin
« Reply #31 on: December 30, 2024, 04:24:52 AM »
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.
I think that until now I have been using Metamask and there has been no problem with any use at all, because there has been no hacking on the metamask. I really agree that hacking is usually due to mistakes made by the user, not because of the metamask itself.
There are many ways that can cause metamask to be hit by hackers, because one of them is that our browser is infiltrated by the scammer, or we open an unsafe link. For that, use the original antivirus and don't open a link that we don't know.
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Re: What's the most secure wallet for altcoin
« Reply #31 on: December 30, 2024, 04:24:52 AM »

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Offline bitterguy28

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Re: What's the most secure wallet for altcoin
« Reply #32 on: December 30, 2024, 09:03:51 AM »
I think that until now I have been using Metamask and there has been no problem with any use at all, because there has been no hacking on the metamask. I really agree that hacking is usually due to mistakes made by the user, not because of the metamask itself.
that is true but i still think there should be at least some responsibility taken by the platform even if you click on something suspicious if the platform is secure it wouldn’t be easily accessed by just about anyone meanwhile there are really platforms that were straight up unsafe and unsecured and doesn’t even function properly

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Re: What's the most secure wallet for altcoin
« Reply #33 on: December 30, 2024, 01:49:25 PM »
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.
I think that until now I have been using Metamask and there has been no problem with any use at all, because there has been no hacking on the metamask. I really agree that hacking is usually due to mistakes made by the user, not because of the metamask itself.
There are many ways that can cause metamask to be hit by hackers, because one of them is that our browser is infiltrated by the scammer, or we open an unsafe link. For that, use the original antivirus and don't open a link that we don't know.

There were no obvious hack in metamask, because the app does not store much info. It does not store much info on the PC to have something hacked. The only possible ways to get issues with metamask is to catch a trojan that will replace wallet address when you copy/paste, or when user dont read what he give access for (instead of viewing, user give access for transaction). Or some users sometimes store keystore files on their desktop or email... Once again, user is the one who might cause problem, not any software or wallet.
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Re: What's the most secure wallet for altcoin
« Reply #34 on: January 01, 2025, 02:35:26 PM »
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.
Yes, it's about how users secure their own wallets and wallet platforms like metamask already provide pretty good security,
although there is still a possibility of bugs occurring and being misused by hackers.

But the most cases are due to the mistakes of its users who click on malware or get caught in phishing that they themselves are not aware of.

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Re: What's the most secure wallet for altcoin
« Reply #35 on: January 01, 2025, 05:49:23 PM »
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.
I use TrustWallet and Metamask to keep my alts but as of now I use a centralized exchange Binance to keep my alts because I am trading and I have to access my coins again and again that I can't do if I keep them on a wallet. The best choice for your friend would be using trust wallet, metamask, phantom, rabbit wallet, and the most used bitget wallet although you can use web3 wallet of Binance as well.

For holding BTC, any of them can be used. I know when the funds are huge people often become doubtful while choosing a good wallet, and bitget wallet can be a good choice here if he don't like trust wallet because it's not open source and many people don't like it but I don't think those people will also not like bitget wallet. One advice is, whenever your friend deposits funds on BTC blockchain make sure the input data remains less I mean, the more you receive payments on the same address the more fee you might have to pay while withdrawing.
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Re: What's the most secure wallet for altcoin
« Reply #36 on: January 03, 2025, 11:07:05 PM »
Imo there are no most or less secure wallets. Every problem comes from wallet users. There are users who are cautious and follow security measures, and there are those who are reckless about their money, and there are exceptions like bad luck or coincidence. I dont believe there are any wallet or a person who can not be hacked or robbed. It matters little if you have most secure wallet, when $5 wrench attack turn all security into nothing.
There are different factors that people often consider before the tag a wallet as a secure one or not. For the case of bitcoin one of the first things they often lookout for is what kind of source code that particular wallet uses. And for something like Bitcoin it's obvious to look out for wallets that are open source as a better preference to close source bitcoin wallet.
However for the case of altcoins you hardly find an open source altcoin wallet and as a result tagging a good wallet could be something else like looking out for compatibility and number of coins supported that wallet.
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Re: What's the most secure wallet for altcoin
« Reply #36 on: January 03, 2025, 11:07:05 PM »


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Re: What's the most secure wallet for altcoin
« Reply #37 on: January 04, 2025, 07:07:50 PM »
Some people see altcoins as more speculative assets and others see them as competitors to bitcoin. Regardless of what you think about altcoins, the bottom line is that they have become valuable over the years and should always be kept safe. You can choose to keep these tokens and coins on your mobile device or pc depending on your storage preference. Regardless of where you choose to store altcoins the wallet you choose to use should emphasize security and ease of use. If your fund is big then you must use hardware wallet, and if your fund is small then you can use software wallet. But avoid exchange wallet for saving funds big fund.

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Re: What's the most secure wallet for altcoin
« Reply #38 on: January 06, 2025, 05:41:32 AM »
I think that until now I have been using Metamask and there has been no problem with any use at all, because there has been no hacking on the metamask. I really agree that hacking is usually due to mistakes made by the user, not because of the metamask itself.
that is true but i still think there should be at least some responsibility taken by the platform even if you click on something suspicious if the platform is secure it wouldn’t be easily accessed by just about anyone meanwhile there are really platforms that were straight up unsafe and unsecured and doesn’t even function properly
I agree that the platform will always maintain the reputation it has so as not to disappoint its users, but indeed, sometimes there are mistakes that occur not because of the platform itself, but because we also influence, although it does not rule out the possibility that the platform can be infiltrated, but so far it is still safe and, hopefully, nothing will happen besides we also have to anticipate suspicious things that we rarely encounter.
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Re: What's the most secure wallet for altcoin
« Reply #39 on: January 08, 2025, 03:49:12 PM »
Imo there are no most or less secure wallets. Every problem comes from wallet users. There are users who are cautious and follow security measures, and there are those who are reckless about their money, and there are exceptions like bad luck or coincidence. I dont believe there are any wallet or a person who can not be hacked or robbed. It matters little if you have most secure wallet, when $5 wrench attack turn all security into nothing.
There are different factors that people often consider before the tag a wallet as a secure one or not. For the case of bitcoin one of the first things they often lookout for is what kind of source code that particular wallet uses. And for something like Bitcoin it's obvious to look out for wallets that are open source as a better preference to close source bitcoin wallet.
However for the case of altcoins you hardly find an open source altcoin wallet and as a result tagging a good wallet could be something else like looking out for compatibility and number of coins supported that wallet.
This is the fact picking an altcoin wallet is pretty difficult and I guess, I will rather just tell him to use Exodus wallet, since he doesn't want to use Trust wallet again, while Metamask can be slow at times.

The only available Open source I know is not really working well having syncing issues and the likes and I hope year 2025 unstoppable wallet likely will become better.
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Re: What's the most secure wallet for altcoin
« Reply #40 on: January 08, 2025, 09:19:06 PM »
With my little experience in making use of crypto wallets both for bitcoin only and altcoins supported wallets, i can only advise that users should make use of a non custodial crypto wallet, also, such wallet type should be an open source and not a close source wallet, also, we should find a secure means of saving our keys from any of the non custodial wallet we have in consideration.

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Re: What's the most secure wallet for altcoin
« Reply #41 on: January 09, 2025, 10:47:05 AM »

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.
Yes, I think that you could explain a best opinion in your comment. I am also agree with your prefer comment. I also believe that trezor is also one of the best secure wallet in this time. I think that gradually it's popularity will increase. Because we know that this wallet indicate cheap in this time. So I also believe that we can use this wallet for safe our valuable asset from here. I also believe that trust wallet is also very helpful for us.
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Re: What's the most secure wallet for altcoin
« Reply #42 on: January 09, 2025, 10:56:24 AM »

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.
Yes, I think that you could explain a best opinion in your comment. I am also agree with your prefer comment. I also believe that trezor is also one of the best secure wallet in this time. I think that gradually it's popularity will increase. Because we know that this wallet indicate cheap in this time. So I also believe that we can use this wallet for safe our valuable asset from here. I also believe that trust wallet is also very helpful for us.
For hadware wallets Trezor is good and for online wallet, you can use unstoppable wallet. It's a good wallet and supports a lot of altcoins. I don't keep altcoins but only use them on exchanges. This has made me only leave them in my exchange account because it's an amount that I can afford to lose.

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Re: What's the most secure wallet for altcoin
« Reply #43 on: January 09, 2025, 06:02:59 PM »
For hadware wallets Trezor is good and for online wallet, you can use unstoppable wallet. It's a good wallet and supports a lot of altcoins. I don't keep altcoins but only use them on exchanges. This has made me only leave them in my exchange account because it's an amount that I can afford to lose.
Saving altcoin assets in hardware wallet or Trezor wallet take few moment for sending to exchange if want sell it, so I use exchange only for holding or saving altcoin assets to get easily when selling at the market due fluactive price of altcoin faster up and down.
But for bitcoin keep saving in hardware wallet because most security than exchange wallet and my holding target for long term why keep save it in hardware wallet.

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Re: What's the most secure wallet for altcoin
« Reply #44 on: January 14, 2025, 02:42:05 AM »

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.
Yes, I think that you could explain a best opinion in your comment. I am also agree with your prefer comment. I also believe that trezor is also one of the best secure wallet in this time. I think that gradually it's popularity will increase. Because we know that this wallet indicate cheap in this time. So I also believe that we can use this wallet for safe our valuable asset from here. I also believe that trust wallet is also very helpful for us.
For hadware wallets Trezor is good and for online wallet, you can use unstoppable wallet. It's a good wallet and supports a lot of altcoins. I don't keep altcoins but only use them on exchanges. This has made me only leave them in my exchange account because it's an amount that I can afford to lose.
If you have more funds, I agree if you want to use Hadware Trezor, because indeed, we also really need to avoid abuse, but once again, how much will we save there? That is also a concern, if only to store the current bounty results, I think an online wallet that is good enough, as long as we can protest ourselves so as not to make the open wrong link that we do not know. Once again, it all depends on the needs that we will save what we need to use.
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