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Author Topic: Which is the best wallet to store bitcoin.  (Read 1349 times)
Lituation
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November 28, 2017, 01:49:55 AM
 #21

mycelium is probably the best in terms of cold wallet support however the most dynamic wallet in my opinion is coinimi. its a great app and I cant spread awareness of it enough honestly.
GreatArkansas
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November 28, 2017, 01:52:22 AM
 #22

There are many bitcoin wallets nowadays, my suggestion is to use bitcoin wallet that you owned your own private key, like coinomi and jaxx. Owning of your private key is much safer and have large security.

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November 28, 2017, 03:10:12 AM
 #23

Hello i have recently bought some bitcoin and litecoin and was wandering what wallet or method is the best to store it in. (From the UK if that helps)

Thanks.
If the amount you bought is big enough then the best wallets are hardware wallets, those are very secure and practical, now if you do not want to spend money in a hardware wallet there are many other options but which one is the best depends entirely on you needs, there are paper wallets, online wallets, wallets in cold storage and more.
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November 30, 2017, 01:52:03 AM
Last edit: September 23, 2018, 11:18:08 AM by btsjungkook
 #24

Offline wallets are something where the secret key is not shared with anyone (only if such wallet is generated in a safe environment and trusted source). The cheapest way to an offline wallet is to finding an old computer and generating a paper wallet through that machine (and that machine should never establish a connection to internet or devices such as a printer that connects to the internet). There are some other ways too but this is the one which I trust the most for the paper wallet.
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December 01, 2017, 10:49:10 AM
 #25

Hello i have recently bought some bitcoin and litecoin and was wandering what wallet or method is the best to store it in. (From the UK if that helps)

Thanks.
Previously I used blockchain to keep bitcoin, it worked very well, most of my friends are using blockchain. After this, when I knew about coinbase wallet , I also used coinbase  , I found coinbase activity is also very good, no problem what happened. Now, I'm using both blockchain and coinbase, I split my bitcoin into 2 wallets to avoid having bad problems .
TheCryptoSite
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December 01, 2017, 11:32:08 AM
 #26

I think blockchain is still the best for storing your bitcoin. Security is also guaranteed, and has supported ETH.
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December 03, 2017, 01:37:53 AM
 #27

Hello i have recently bought some bitcoin and litecoin and was wandering what wallet or method is the best to store it in. (From the UK if that helps)

Thanks.

Regardless of what you choose try to stay away from Coinbase. I personally use Electrum, and a lot of people have agreed that it's one of the better wallets out there -- they've supported the major forks (to an extent at least with electrum cash), but Coinbase is just too steep with the fees. Try to avoid that because it gets in the way with trying to exchange crypto into fiat.
Besides the fact that leaving your money in an exchange is always a bad idea we never know what may happen, now that the IRS has won the legal battle against coinbase I will not be surprised if in the future the IRS took control of their servers and you lose your money if you do not cooperate with them.
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December 03, 2017, 01:52:38 AM
 #28

There are lots of Bitcoin wallet that you can use to store your Bitcoin just make sure that you'll have control with your private key because private key will help you in the future for some matters especially getting free coins from FORKS. But if you can't choose in any of those i prefer electrum wallet you can send to many addresses, easy to install and you have access with your private key.
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December 03, 2017, 12:18:34 PM
 #29

Hello i have recently bought some bitcoin and litecoin and was wandering what wallet or method is the best to store it in. (From the UK if that helps)

Thanks.

i use Exodus it is good and support many altcoins + BTC ,not recommended it for bitcoins .


for bitcoin use hardware one it will be better
Coinanalysis.io
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December 03, 2017, 12:20:29 PM
 #30

I'd go for a hardware wallet, the ledger has more coins but the Trezor UI is better.
Painbird
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December 03, 2017, 12:39:36 PM
 #31

I didn't prefer you the best and secured but I can inform you the best wallet what I use.  I am not experienced on technical issue. I use coinbase wallet.I use it from many days. I didn't got any occurred in this time. I never see anyone to say complain on it.  So that it is best I think.  So I can prefer you to use it. You may try hope will be the best to you as well.

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December 03, 2017, 12:44:02 PM
 #32

For me the best wallet will depend on the place where you live like in my country which is Philippines I think coins.ph is a good wallet aside from the fact that it is safe it also offers a lot of services and the good  thing is that it doesn't have transaction fee. But if you are planning to hold your bitcoin for a long period of time you can have the paper wallet or also known as offline wallet.
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December 03, 2017, 12:45:29 PM
 #33

Hello i have recently bought some bitcoin and litecoin and was wandering what wallet or method is the best to store it in. (From the UK if that helps)

Thanks.
If you want a wallet that has a high level of security then I suggest to use Wallet that has private key feature, it will help you if you have a problem someday your wallet. I suggest to use Electrum because the wallet is offline and can be stored on the computer. But if you want a wallet that can be used anytime to support mobility then blockchain is the wisest choice.
Prateekhunter433
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December 03, 2017, 12:48:34 PM
 #34

See there are many wallets that r doing well bt i think offline wallets are more easy to use .....or you can use the paper wallets...depending on your need...
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December 03, 2017, 12:54:51 PM
 #35

For me myetherwallet and coins.ph.

Same here, I used myethereum wallet and coins.ph too. Having this two makes me comfortable and easier to use, especially coins.ph having many features that only intended here in my country which can pay via online transactions like paying electric bill, water bill and insurance establishments. I know there are several kind of wallet that can store bitcoin as long as can be trusted, good service and high quality of security.
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December 03, 2017, 12:55:14 PM
 #36

Hardware wallets are the best ones in my opinion. They never expose your privates keys to the computer so you can use your hardware wallet even on an infected PC (assuming that your wallet has a screen which will allow you to check if the receiving address hasn't changed). Paper wallets are also a good choice but you would have to create a separate one for each cryptocurrency. Most of the hardware wallets allow you to store multiple cryptocurrencies.
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December 03, 2017, 01:15:24 PM
 #37

I know many hate Coinbase now after the recent news about account holders information sent Irs,
But I like coinbase because of easy to use exchange and wallet service, you can save altcoin to it also,
buy and sell of bitcoin is good but not the best in the market
cybersofts
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December 03, 2017, 02:01:51 PM
 #38

Hello i have recently bought some bitcoin and litecoin and was wandering what wallet or method is the best to store it in. (From the UK if that helps)

Thanks.
Regardless of what you choose try to stay away from Coinbase. I personally use Electrum, and a lot of people have agreed that it's one of the better wallets out there -- they've supported the major forks (to an extent at least with electrum cash), but Coinbase is just too steep with the fees. Try to avoid that because it gets in the way with trying to exchange crypto into fiat.
Yes, Coinbase is a good bitcoin and litecoin wallet that many people are using more especially if you are from U.S and U.K.
But if you want to save your bitcoin in the most secure way away from hackers or anyone, you might try offline wallet such as Ledger or Trezor wallet.
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December 03, 2017, 02:08:08 PM
 #39

I can't say much about ledger. I use Trezor and can 100% recommend it. It's a beautiful piece of hardware. Well designed with an engineer feel to it. You can use it safely with any android phone with, for example, Mycelium wallet app, and make transactions wherever you are. On the software side, Trezor is outstanding as well. They provided bitcoin cash splitting tool very fast. They were first to implement segwit address support. Tremendous. Plus, any potential bugs reported by the community are fixed quickly. I couldn't be happier with this device.
Jessica2009
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December 03, 2017, 03:21:05 PM
 #40

There are different types of wallets that is desktop,mobile,online,hardware and paper wallets.Desktop wallet may not be practical and confusing.Mobile wallets keeps only a small amount of bitcoins.Online wallets are easier and faster but hackers can steal bitcoins .Hardware wallet are user friendly it gives complete control for the users itself. Paper wallets if lost we cannot recover it.

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