Top 5 Best Cryptocurrency Wallets

[Z-tight]

   - Hardware wallets are considered one of the most secure options for storing cryptocurrencies offline. Ledger devices like Nano S or Nano X are popular choices.

Ledger wallets used to be popular choices, until they were caught lying that your keys cannot be extracted from the secure element. Ledger launched a feature called the Ledger recover, which proves that indeed your keys can be extracted from the secure element and even sent to third parties across the internet, if you subscribe to that feature , so Ledger is not recommended.

You also have other wallets in your list that are not recommended, i.e. Trust wallet and Exodus, they are both closed source wallet, and if you need a recommended multicoin wallet that is open source, try Unstoppable wallet.

[LDL]

I like these wallets the most, Metamask, Trust wallet, Coinbase, Bitget and exodus. And I use Trust wallet the most.

You mentioned here only software wallets but apart from these there are some hardware wallets which are very popular nowadays and they have not been hacked so far. Yes but software wallets are also very important and those who cannot afford hardware wallets can definitely use these software wallets. But a hardware wallet is definitely worth using for more security.
Ledger Hardware wallet
KeepKey
SafePal S
Trezor Model T
Ellipal Titan

[Charles-Tim]

I like these wallets the most, Metamask, Trust wallet, Coinbase, Bitget and exodus. And I use Trust wallet the most.

You mentioned here only software wallets but apart from these there are some hardware wallets which are very popular nowadays and they have not been hacked so far. Yes but software wallets are also very important and those who cannot afford hardware wallets can definitely use these software wallets. But a hardware wallet is definitely worth using for more security.
Ledger Hardware wallet
KeepKey
SafePal S
Trezor Model T
Ellipal Titan

Ledger hardware wallet is one of the hardware wallets that should not be recommended if you care about privacy. Also that its secure element is close source.

Safepal is a close source wallet that should also not be recommended. Although it is cheap but it can not be used to also connect with external wallet like Electrum and Sparrow.

The hardware wallet that I can recommend for now is Trezor. Passport hardware wallet for bitcoin only is also recommended.

[NikeFit_7777]

Ledger hardware wallet is one of the hardware wallets that should not be recommended if you care about privacy. Also that its secure element is close source.

Safepal is a close source wallet that should also not be recommended. Although it is cheap but it can not be used to also connect with external wallet like Electrum and Sparrow.

The hardware wallet that I can recommend for now is Trezor. Passport hardware wallet for bitcoin only is also recommended.

To Leadger, I completely agree. There can be no anonymity/security. On the website they say one thing - in reality quite another. Without users' opinion, they implemented the recovery function. The purse has become a mess. Soon they will be forced to update the firmware. Or if you don't update it = you don't have access to your funds. 

For Safepal - unfortunately I have not heard much. I have never used it. Is this wallet very expensive? If you have used it, what can you say about its safety?

But for Trezor wallet - I heard the most positive feedback + did not find any negative feedback from other users. I have not used it, but I plan to do so.

[Charles-Tim]

For Safepal - unfortunately I have not heard much. I have never used it. Is this wallet very expensive? If you have used it, what can you say about its safety?

Safepal is a close source wallet. It makes use of a close source secure element and also the software wallet is close source. Like I said before, you can not also use it with open source wallets like Electrum. I think there are three Safepal wallet now but I am not certain.

To know more about the hardware wallet, click on the below link and look for Safepal by scrolling to the right

https://thebitcoinhole.com/hardware-wallets

[Hamza2424]

Ledger hardware wallet is one of the hardware wallets that should not be recommended if you care about privacy. Also that its secure element is close source.

Safepal is a close source wallet that should also not be recommended. Although it is cheap but it can not be used to also connect with external wallet like Electrum and Sparrow.

The hardware wallet that I can recommend for now is Trezor. Passport hardware wallet for bitcoin only is also recommended.

I can agree with this point that Ledger is not very reliable in the sense of privacy but still, when a newbie asks a question on the internet about hardware wallet the top recommendation he gets is the Ledger / Trezor and mostly Trezor also gets lower priority the people who are well informed with he ledger policies never recommend but in the case of random search due to long time dominance ledger still gets higher priority.

[NikeFit_7777]

Safepal is a close source wallet. It makes use of a close source secure element and also the software wallet is close source. Like I said before, you can not also use it with open source wallets like Electrum. I think there are three Safepal wallet now but I am not certain.

To know more about the hardware wallet, click on the below link and look for Safepal by scrolling to the right

https://thebitcoinhole.com/hardware-wallets

Thanks, interesting site + handy. The prices of course bite a bit, at $100+ dollars per device. Looked up info on Safepal - didn't like it very much. The market leader (in my opinion) is Trezor. I realize it's as safe as Safepal, but the leader in reviews + convenience is unequivocally Trezor.

P.S. I realize that an ideal opinion is formed only after a long time of use (for I do not use these devices). If I ever get around to buying + ordering = definitely going to make a thread on this topic. But, it will obviously not be soon. 

If there are more interesting resources about cold wallets, please let me know. 

[Z-tight]

If there are more interesting resources about cold wallets, please let me know. 

Another option for a cold wallet is to set up a wallet in an airgapped device, but you need to know what you are doing before creating such a wallet, and newbies may have the difficulty of using such a wallet in a safe environment. You can set up Electrum in an old device of yours that you no longer use, and completely disconnect it from the internet, this will keep your funds safe if you do everything correctly.

[NikeFit_7777]

Another option for a cold wallet is to set up a wallet in an airgapped device, but you need to know what you are doing before creating such a wallet, and newbies may have the difficulty of using such a wallet in a safe environment. You can set up Electrum in an old device of yours that you no longer use, and completely disconnect it from the internet, this will keep your funds safe if you do everything correctly.

I want to tell you about one more security method of using crypto-wallets.

1. Buy a new smartphone;
2. Do not connect to a wi-fi network (for security reasons);
3. Install any hot wallet = use it.

P.S. This is one, simple method that few people use. But you have to give credit for it - it's safe! If anyone has used it, please share your experience. 

[Papusha20]

What is the best hardware device? #BTC   
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[NikeFit_7777]

What is the best hardware device? #BTC   
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Again, it depends on the task at hand.

1. If we are talking about storage (not long-term) + the ability to store nft - most likely Ledger.

2. If we are talking about long-term storage of cryptocurrency - definitely Trezor.

3. I don't know much about other devices (to be honest). Therefore, it is difficult to advise.

4. Do not underestimate hot wallets, such as Trust, Rabby and similar.

References:

1. https://trustwallet.com
2. https://rabby.io

[examplens]

1. Buy a new smartphone;

This is such bad advice.
The smartphone has its OS, so a third party is present and it is not the safest choice. You don't know if a bug will appear (most often you find out about it when it's already too late), plus you have additional unnecessary applications that may also have open backdoors.
Isn't it smarter if you already buy hardware, that it be one of the proven hardware wallets?

What is the best hardware device? #BTC   
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Ledger in first place? They lost trust a long time ago because they showed too many bad decisions. Plus is not open source, so it is not possible to prove that their hardware is reliable.

[NikeFit_7777]

This is such bad advice.
The smartphone has its OS, so a third party is present and it is not the safest choice. You don't know if a bug will appear (most often you find out about it when it's already too late), plus you have additional unnecessary applications that may also have open backdoors.
Isn't it smarter if you already buy hardware, that it be one of the proven hardware wallets?

P.S. Again, this is not a call to any action. If this method does not suit you - you have every right not to use it! 

If you reason in general, also cold wallets are not reliable (Ledger) is a complete example of this. Believe me, the method I described - most people use it. Cold wallets are not suitable for everyone. + I can also write as an example about the safety of cold wallets: "How do you know that you have been handed a non-fraudulent wallet at the post office?" You realize that in case of a large replenishment, all the funds will go to fraudsters. In my mind, it's best to diversify, even in wallets. In the event of a scam, it won't be as frustrating.

[Z-tight]

What is the best hardware device? #BTC   
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Passport and Jade are recommended, they are open source hardware wallets and they are also airgapped hardware wallets, however a passport device is kind of expensive and costs ~ $199.00, but if you have a large amount of coins, then it is worth it. It is also worth mentioning that Ledger is not a recommended hardware wallet, they are closed source and their manufacturers lie about a lot of things.

[Gideon99]

Top 5 Best Cryptocurrency Wallets

For me ledger nano is a good and popular crypto wallet that offers good security and support system for a wide range of crypto currencies. It's small device that allows you to store your private key offline, however from any hackers. It's very easy to set up and operate, and it support a wide range of cryptocurrencies. The difference involved is that it's a bit price difference with other wallets, but it security is worth it.