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Author Topic: Help me in choosing wallet before I make mistake  (Read 370 times)
summonerrk
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May 12, 2023, 01:09:56 PM
 #41


 hackers are increasingly breaking wallets and taking bitcoins from ordinary users of cryptocurrencies.
Of course, I want to advise you the best wallet is Trust Wallet. Its strongest advantage is open source. It turns out anyone can see how it works.
That's great!
Few wallets can boast of this. Also, a lot of reputable people recommend it.

https://trustwallet.com/ru/

There is no doubt that hackers are getting into many wallets these days.But there are also such wallets where it becomes difficult to access them.

Of course trust wallet is a good wallet but hackers often gain access to it,And I have heard many people losing their assets in this wallet to hackers.In my opinion, if a hard wallet is used instead of this wallet, the risks are much less.Hard wallet is an excellent and very secure wallet.
Your capital will be very safe in the hard wallet and it is not easy for hackers to enter here, rather it is somewhat impossible for hackers to enter.

But be careful to buy it from the official website because there is a risk of hacker attack if you buy from other online platforms.

Correct. For now my opinion is changed about Trust.
I recently wrote a post in my locale on this topic, here is its translation:
There have been discussions about its reliability. The code is closed (it is often written that it is open source, as far as I remember there is only a link to the dusty git version for iOS with the last commit of 2018), and the certification was also carried out by a muddy office. The same MEW or Electrum source codes are open.
A strange moment: On Google Play, he has a high rating, like 4.7, unlike Electrum, which has 3.6, while the latter has a lot of strange reviews with units, they say money is disappearing, etc. The feeling that someone is doing Electrum anti-advertising.

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Jon_Hodl
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May 12, 2023, 04:35:08 PM
 #42

I have tried a number of wallets but since you're new, I would start with Blue wallet and learn how wallets work and how to send and receive with custom miner fees etc.

Once you are comfortable with using Blue and want a wallet with the highest level of functionality, I would suggest using Sparrow wallet. I can't think of anything that Sparrow can't do. It is literally the best wallet I have ever used.

- single sig
- miltisig
- all of the different script types
- time locks
- Hardware wallet integration
- BIP 32, 39, 44, 174 and others
- CoinJoin and PayJoin
- Coin control
- custom miner fees
- fee bumping

Pretty much anything you can think if, Sparrow supports it.

I'm here to chew bubblegum and stack sats....and I'm all out of bubblegum. - Learn More About Bitcoin: What Is Bitcoin?
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May 12, 2023, 05:44:41 PM
 #43


 hackers are increasingly breaking wallets and taking bitcoins from ordinary users of cryptocurrencies.
Of course, I want to advise you the best wallet is Trust Wallet. Its strongest advantage is open source. It turns out anyone can see how it works.
That's great!
Few wallets can boast of this. Also, a lot of reputable people recommend it.

https://trustwallet.com/ru/

There is no doubt that hackers are getting into many wallets these days.But there are also such wallets where it becomes difficult to access them.

Of course trust wallet is a good wallet but hackers often gain access to it,And I have heard many people losing their assets in this wallet to hackers.In my opinion, if a hard wallet is used instead of this wallet, the risks are much less.Hard wallet is an excellent and very secure wallet.
Your capital will be very safe in the hard wallet and it is not easy for hackers to enter here, rather it is somewhat impossible for hackers to enter.

But be careful to buy it from the official website because there is a risk of hacker attack if you buy from other online platforms.

The best wallet is a Hardwallet, and when compared to a trustwallet, of course it's better to use a hardwallet. Wallet security also depends on how the user uses his wallet. usually hackers will set up traps so that they access phishing websites and make connections so that the wallet can be hacked.
many incidents about hacking of mobile wallets like trustwallet.

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Stable090
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May 12, 2023, 07:35:29 PM
 #44

Scam is everywhere, I fear for my money. They say the person who ask for help does not make a mistake. I want to own my first Bitcoin next week when my monthly salary is paid but afraid of jumping on any wallet to avoid losing my money.
It’s a nice idea trying to invest in bitcoin, but I don’t know if you are having any knowledge about bitcoin, I will recommend you go and study about bitcoin first before buying bitcoin, don’t just jump into the investment you have little or no knowledge about, don’t blindly follow what people are saying. Also when in investing, you should Have it at the back of your mind that every investment is risky and you are likely to lose money, so have it in mind that you are likely to lose money after investing in bitcoin.

The popular choices I know and hear from people are Binance, Blockchain and Freewallet. Which one should I choose? I am just starting my bitcoin owning journey and it will be kind of the senior guys to show the way.
First avoid storing your coin on Binance exchange, it’s not only binance, avoid storing your coin on any exchange, the only thing I will recommend you do with your exchange account is to purchase your bitcoin, immediately after purchasing, make sure you withdraw it to your non custodial wallet address, where their is no internet connection.

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CryptopreneurBrainboss
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May 14, 2023, 11:30:19 PM
 #45

All three options are terrible. Nevertheless, you did a reasonable thing to ask for advice, because hackers are increasingly breaking wallets and taking bitcoins from ordinary users of cryptocurrencies.
Of course, I want to advise you the best wallet is Trust Wallet. Its strongest advantage is open source. It turns out anyone can see how it works.

Trust wallets is also a terrible wallet and not the best suggestion to give either. They're not open source as they claim and there are speculation of them been a centralized wallet that can freeze your coins if you default against their terms and conditions as trust wallets is now a wallet under Binance control and whenever binance acquire any company, they become centralized immediately due to their mode of operation and plans of Binance to buy the whole industry and have manipulative power of the entire market.

If you're looking for a good and user friendly wallet to use then download electrum wallet. Electrum is a decentralized wallets, can work both on IOS and Android, can be downloaded on your phone, laptop and other devices. Electrum lets you select your fees at your will, it has the replace by fee option that you can use to accelerate your transaction in case if any delay of confirmation. Electrum is just the perfect wallets for anybody not looking to buy one of the hardware wallets available.

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May 15, 2023, 05:59:43 AM
 #46

Scam is everywhere, I fear for my money. They say the person who ask for help does not make a mistake. I want to own my first Bitcoin next week when my monthly salary is paid but afraid of jumping on any wallet to avoid losing my money.

The popular choices I know and hear from people are Binance, Blockchain, and Freewallet. Which one should I choose? I am just starting my bitcoin owning journey and it will be kind of the senior guys to show the way.

You can suggest better ones if there are any.
Freewallet, Blockchain wallet, and Binance wallet? That's very bad advice given to you, is that coming from a friend? Do tell them they know nothing about Crypto wallet, I want you to be very calm with yourself and don't rush.

I have been using my trust wallet for two years straight now and I have no bad news to share about the wallet, you can use Google to search for Freewallet reviews you will see too many bad experiences from the users.

If you want the best Bitcoin wallet that anyone can run on a Android phone it's ELECTRUM, this wallet can run on phones and PC, mind you it's for Bitcoin only, if you want multi chain wallet then use Trust Wallet.

What you need to be very careful about is your seed phrases, you will be warned by the wallet to keep them safe and never share with anyone, this seed phrases is the ultimate key and access to your wallet, if someone sees it they will steal your funds.

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May 15, 2023, 02:24:46 PM
 #47

Binance is a good choice if it fully operates in your country, you will be able to deposit and withdraw your money easily, and you can also trade with it.
Someone asks for help in choosing a wallet , why does Binance come up as a suggested wallet when everyone knows that this is an exchange (centralized  exchange for that And looking at the reasons for choosing them, let's avoid these suggestions  for the sake of convenience when it comes to ease of trading for other coins and the alike!

Let's advice our friends correctly especially when the notion of not your keys, not your wallet is being spread to allow users to have full control of their crypto assets!!

R


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May 15, 2023, 05:56:01 PM
 #48

Binance is a good choice if it fully operates in your country, you will be able to deposit and withdraw your money easily, and you can also trade with it.
Someone asks for help in choosing a wallet , why does Binance come up as a suggested wallet when everyone knows that this is an exchange (centralized  exchange for that And looking at the reasons for choosing them, let's avoid these suggestions  for the sake of convenience when it comes to ease of trading for other coins and the alike!

Let's advice our friends correctly especially when the notion of not your keys, not your wallet is being spread to allow users to have full control of their crypto assets!!
I simply don't know where this is coming from, nonetheless, you should think twice if you believe you can use me to collect cheap merit. You didn't guide the OP, all you could do is look for an excuse for what someone has perfectly advised, it's my opinion, share yours. Much advice has been shared and there were four extra options for the OP as suggested by me, all non-custodial wallets, so I don't know your headache, you should suggest yours and share value, not criticism. I can lecture you about wallets and exchanges if you want.

Binance is valuable to me and I used it alone for over 4 years before I have other wallets, plans vary, and the comfort and benefits it gives me till now others could not. As for the wallet, does my Bitcoin hang in the air when I send it to Binance? Meaning it has a wallet that holds it, right? It's you who needs learning and dynamism in thinking. Binance being an exchange doesn't mean it can't store your coin, it is multipurpose and I added it due to its advantage as the OP already heard about it.

What you could have reasonably said is that coins are risky on a custodial wallet regardless of being an exchange or not, which would have been constructive to an extent.

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