Bitcoin Forum
December 11, 2024, 03:32:13 PM *
News: Latest Bitcoin Core release: 28.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 2 [3]  All
  Print  
Author Topic: wondering what wallet to use?(long term)  (Read 512 times)
IndigoRed
Jr. Member
*
Offline Offline

Activity: 196
Merit: 1


View Profile
October 30, 2018, 12:40:37 AM
 #41

I’d recommend cold storage too. The main advantage of cold storage, is its immunity from most potential vulnerabilities that come from web exposure. To maximize the security of your cold storage, keep them in a safe, safe-deposit box, or other location that affords an additional layer of protection.
Other safety tips are welcomed, of course.
Mari Royalteam
Copper Member
Newbie
*
Offline Offline

Activity: 168
Merit: 0


View Profile
October 30, 2018, 04:30:51 AM
 #42

If you're planning to BTCitcoins long term here's some advice from various cybersecurity experts,

Keeping bitcoins in a secure place has proven to be difficult, says John Black, vice president of education at SecureSet, a Denver-based immersive, accelerated cybersecurity academy. Investors holding accounts at an exchange, including mobile app wallets like Mycelium, are vulnerable because all of their assets could be stolen.
"Just as you would never walk out of your home with a lot of cash in your wallet, you should not hold a lot of bitcoins in a wallet on your phone," he says. "Instead, you should use 'cold storage,' which is a way of storing your bitcoins offline so they are not subject to online hacking."
Investors holding a substantial amount of bitcoins should always use a wallet or exchange that uses cold storage. ( From Ellen Chang's article link here )

This is why I always recommend to use "cold storage".



For the highest level of security, hard wallets like Ledger Nano and Trezor work best. But they cost you money. If you would like to go for a free option, there are some really good soft wallets available. What has really bothered me about crypto wallets is their inability to tackle security issues like theft. I was recently exploring some options and I came across this wallet app. It has this Anti-theft Wipe feature that allows users to erase wallet data remotely from a stolen device. Also, it supports built-in multiple currency swap. It is called PINT. You can check it out on Google Play:
https://play.google.com/store/apps/details?id=com.pint.app



Finn Bery
Newbie
*
Offline Offline

Activity: 32
Merit: 0


View Profile
November 09, 2018, 10:03:44 AM
 #43

Nowadays, There are so many wallets for you to use but not all of them are safe. To what i know, hardware wallet is the safest wallet to use.
Schmidt Abrams
Newbie
*
Offline Offline

Activity: 31
Merit: 0


View Profile
November 10, 2018, 08:49:09 AM
 #44

I’d recommend cold storage too. The main advantage of cold storage, is its immunity from most potential vulnerabilities that come from web exposure. To maximize the security of your cold storage, keep them in a safe, safe-deposit box, or other location that affords an additional layer of protection.
Other safety tips are welcomed, of course.

I also highly recommend cold storage. for me, cold storage is the safest place for people to store your cryptocurrency.
Juggy777
Hero Member
*****
Offline Offline

Activity: 2646
Merit: 686


View Profile
November 10, 2018, 12:11:05 PM
 #45

Nowadays, There are so many wallets for you to use but not all of them are safe. To what i know, hardware wallet is the safest wallet to use.

I would recommend Electrum wallet if you're not storing a major fortune, then Electrum wallet should be your first choice. In my experience I have found it simple and easy to use, it's secured and safe plus I like the fact that they have a mobile app for it to. If you're planning to store a huge volume then I would suggest a Trezor wallet it's the most secured wallet out there.
cleygaux
Sr. Member
****
Offline Offline

Activity: 656
Merit: 250


View Profile
November 10, 2018, 03:39:30 PM
 #46

Just create a wallet at https://www.bitaddress.org save the private keys on a notepad and send your bitcoin into it, you can buy a usb and copy the private keys of your created wallet and save it and keep it in your safety storage cabinet/drawers for a long time.
Adriano2010
Hero Member
*****
Offline Offline

Activity: 1414
Merit: 516


View Profile WWW
November 11, 2018, 04:10:31 PM
 #47

I preffer hardware wallet, as from the time i buy and i use it, i never had any problem, neither with bitcoin or altcoins i store on it. But also when use hardware wallet make sure PC is not infected and address change when send, so is better always check address on hardware screen before send it, and all should be ok.
Pages: « 1 2 [3]  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!