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Author Topic: What is safest wallet for altcoin  (Read 1445 times)
udayantha11
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October 30, 2017, 04:10:37 PM
 #1

Dear members

I have get some btc today. I need to store it in online wallet, online wallet because i need trade it frequently. Specially get the alt coins.  Whats your recommendation about wallet and why?

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October 30, 2017, 04:11:33 PM
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Dear members

I have get some btc today. I need to store it in online wallet, online wallet because i need trade it frequently. Specially get the alt coins.  Whats your recommendation about wallet and why?
I use coinbase,  as it's very secure and can hold some altcoins.  I recommend it.

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October 30, 2017, 04:13:42 PM
 #3

I would recommend you to download electrum at:
https://electrum.org/#home

It is an open source wallet with cool features, such up setting the transaction fee based on the current network status, or choosing what node you would like to be connected to.

If you are talking about mobile wallet, I would recommend mycelium, who is also open source and has the exact same features.
Remember, as long as you control the private keys, the bitcoins are yours.

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JanpriX
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October 30, 2017, 04:15:55 PM
 #4

If you are looking for a safe wallet for BTC, I wouldn't recommend an online wallet as it can be easily compromised if you don't know how to take care of it. I would advice you to buy some hardware wallet. I use it on a daily basis in trading altcoins too and the process of using it is smooth. This also has more security features compared to an online wallet and you hold your private key here. I cited this opinion of mine as I based my comment on the title that you provided above.  Wink

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October 30, 2017, 04:31:43 PM
 #5

Coinomi Wallet apps are the best. You can hold here a lot of Altcoins. I tried it and really did not have a problem. And one of the best in it is that you hold your private key, So no one can enter your wallet anybody else as long as they do not know your privatekey. So you should be careful of it and not tell anyone to make it worse. This is only possible on Android phones you can also download it on a pc using bluestack

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October 30, 2017, 04:41:06 PM
 #6

I suggest to buy a hardware wallet too, you can easily get one below $100. It is safe as does not reveal your private key to browser when connecting to computer. When you are not using, it stay offline.


 
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October 30, 2017, 04:42:16 PM
 #7

maybe in online wallets can happen for theft and you have to be careful and secure your bitcoin assets and try to use 2FA security or switch to the offline wallet, hopefully fine.

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October 30, 2017, 04:50:21 PM
 #8

Dear members

I have get some btc today. I need to store it in online wallet, online wallet because i need trade it frequently. Specially get the alt coins.  Whats your recommendation about wallet and why?

Let me start with saying don't use a web wallet. And with web wallets I mean blockchain.info, coinbase and any similar services. They can be stolen much easier PLUS if that website goes down , your coins go with them.

You have a few much better options. You can download and use electrum which is a light version safe wallet. You can use there as much addresses as you want and you have access to each and every private key of it. This is my number one choice.

The second choice is getting a hardware wallet such as trezor or ledger. They are useful but are a bit expensive in my opinion but if you're trading a lot it's not bad at all.

And of course the safest but isn't an option for many as it takes a lot of data and space is Bitcoin Core. It's the only way through which you broadcast transactions on your own not using any other nodes.

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October 30, 2017, 05:03:28 PM
 #9

maybe you can buy hardware wallet, like usb wallet. if you have alot of btc, dont safe your btc in exchange wallet, its very risk.

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October 30, 2017, 05:06:12 PM
 #10

Dear members

I have get some btc today. I need to store it in online wallet, online wallet because i need trade it frequently. Specially get the alt coins.  Whats your recommendation about wallet and why?

I would not advice you to use an online wallet but if you absolutely have to use an online wallet i think btc.com is a decent online wallet provider.

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October 30, 2017, 05:09:02 PM
 #11

Dear members

I have get some btc today. I need to store it in online wallet, online wallet because i need trade it frequently. Specially get the alt coins.  Whats your recommendation about wallet and why?

If you are sure that your computer is secure, use Electrum and keep regular, encrypted backups of your private keys. Online wallets, like Blockchain.info, are super convenient but you won't have your private keys in your possession in the event that they get shut down.

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October 30, 2017, 05:09:18 PM
 #12

i think if you finding a safest bitcoin wallet you can buy trezor thats all i know trazor is very safest bitcoin wallet than the wallet on internet
by the way trezor is a hardware wallet

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October 30, 2017, 05:10:43 PM
 #13

I think it's coinbase or the safest is the hardware wallets. Bitcoin investors today are using hardware wallets as key device rather than digital wallet that is vulnerable to hackers.

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October 30, 2017, 05:11:26 PM
 #14

There are few online and offline wallets that are the most safe among all.
1.blockchain info that is online.
2.exodus this is dextop but their support is top .
3.electrum another user friendly yet very technical wallet to use.
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October 30, 2017, 05:13:03 PM
 #15

trezor or nano s is safer

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October 30, 2017, 05:14:57 PM
 #16

If you are not going to trade it, you should consider using Electrum wallet. It's reliable because it is cheap and open source. The only thing you will have to do is creating a wallet with a strong password. I would also advise you to make backups of it on a few pendrives. Why is it better than online wallet? Well, you are in control of your private keys so nobody will steal your money.

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October 30, 2017, 05:16:17 PM
 #17

I would not use any online wallets, beside an exchange if you want to trade. But always keep in mind not to hold too much on exchanges, they could shut down. I can recommend an hardware wallet like ledger or trezor, they are also safe from keylogger etc.
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October 30, 2017, 05:19:26 PM
 #18

I have got ideas thanks

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October 30, 2017, 05:41:05 PM
 #19

Well everything depends  on the amount of your btc.
First of all I won't recommend you using the online wallet. Just get Electrum (or its mobile app) and keep it safe. Second is that the safety of your wallet mostly depends on how and where you use it.
If you are 100% sure that you need to keep your BTC online and you have a small amount of coins that you will have to exchange asap at one moment then you may take a risk, screw all the safety rules and hold it on your exchange. Sometimes it take e long time to deposit your funds and you may lose some good chance.

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October 31, 2017, 12:55:35 PM
 #20

Exodus is very user friendly, safe wallet. It is a multicurrency wallet. So if if you wish to exchange to other alt coins you can do so within exodus. Good luck.. Cheesy
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