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Author Topic: What is best wallet for long term bitcoin holding?  (Read 4093 times)
bajigur894784
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September 05, 2018, 06:11:09 PM
 #241

You can choose a hardware wallet or paper wallet.

The essence of protecting your bitcoin is to keep your private key private. Hardware wallets do this good job by keeping the private key on the device.

Another option is to use a paper wallet. Paying money to a piece of paper is a pretty strange concept, but it can be done with bitcoin. There are various services which do this for you, but of course, you are implicitly trusting the services with your money.
Alex31207
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September 05, 2018, 06:30:26 PM
 #242

I keep my cryptocurrency on a reliable exchange.I don't have much cryptocurrency to store in different wallets.If you have a huge number of bitcoins it is better to store on a cold wallet.
Antonina
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September 05, 2018, 06:37:48 PM
 #243

A paper wallet is the safest and easiest, but it's best to copy it and place it in different places. if your house burns, the paper wallet will burn
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September 05, 2018, 06:50:02 PM
 #244

What is best wallet for long term bitcoin holding? I want to choose one wallet for bitcoin holding. Which one is best and have no bugs and problems? Which one is worse? Which one is easy to instal and easy to use. Which one you just prefer for long term holding.
I think a bitcoin core wallet is the best wallet in the crypto world for bitcoin holding. This wallet doesn't have hacked  !!!
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September 05, 2018, 06:58:45 PM
 #245


1 - Hardware wallet
2 - Cold storage wallet
3 - Bitcoin Core

Always make backups.
dilemamis
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September 05, 2018, 07:04:44 PM
 #246

Blockchain is the best wallet and if you use exchange, it is more important to use it to invest.
Baksobakar
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September 05, 2018, 07:17:53 PM
 #247

Those reply of this post are useful. Tks for the post. I will save this post on my bookmark



I think if you want to hold a particular wallet it's better to keep it in a hard wallet so it's safer.
I only use a wallet provided by a local service provider here in my country, I will only hold it on my acct
patimahsunda
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September 05, 2018, 07:22:45 PM
 #248

I think the best wallet to hold long-term bitcoin is a wallet that has a strong security system. Like bitcoin core wallets and ledger wallets. I think it has good power to secure your bitcoin for the long term. I suggest it to you.
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September 05, 2018, 07:50:56 PM
 #249

For an online wallet, I suggest you blockchain wallet. But you have to on every security options, like, phrase code, 2FA with Google, 2FA with SMS. But the best and safe wallet to store bitcoin is hardware wallet. Personally, I am using Ledger Hardware wallet, you may try this or Trezor. In this year, a couple of new hardware wallet has come, but I would suggest going for old and already trusted wallets instead of new hardware wallets.
Kasliono
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September 05, 2018, 08:01:54 PM
 #250

In my opinion, when you decided to hold some bitcoin for long term. The good wallet that you can use to hold it is blockchain.com. This wallet can be installed into your mobile phone and also easy to do transfer. Also, never use a wallet from exchange.
feehannah
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September 05, 2018, 08:18:37 PM
 #251

I used Coinomi wallet to store my bitcoin. There are so many bitcoin wallet available even in apps but be careful to select. Only choose those wallet with private key and you can able to activate 2fa authentication for more security and to minimize the chances of hackers to hack your wallet.
kamoto
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September 05, 2018, 08:33:22 PM
 #252

Well ... I would recommend a variety of cold wallets. Yes, they are worth the money, but this will significantly increase the security for your savings in crypto-currencies ... I myself have been using the ledger nano S about a year ... So I can recommend this option with all responsibility. Or, take up the question and find the option that suits you. But I definitely recommend cold wallets
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September 05, 2018, 09:04:40 PM
 #253

When it comes to the question what is the safest wallet to keep bitcoin in, the hardware wallet is the undoubtable winner. This wallet is simply out of the competition when it comes to the safety. This is my personal opinion abd conclusion from the experience.

Carrelmae10
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September 06, 2018, 04:09:15 AM
 #254

..hard wallets are cool and the safest way to store your Bitcoin holdings..i may also suggest that you do some backups on your private keys..but the safety of your coins depends on how you will going to protect it..for some reason,,there are times that you think that you are logging in a legit site asking your private key,,before doing transactions,,keep in mind that there are scammers using phishing sites trying to steal your money,,make sure that you are not easily deceive by those scammers..

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jameswell
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September 06, 2018, 04:19:03 AM
 #255

I have full node wallet (bitcoin-qt) running on my PC, SPV wallet on my Cell phone and Trezor hardware wallet.
I think for long-term storage, the Trezor hardware wallet may be the best choice.
I am very comfortable with it, and with the passphrase (i.e. the 25th recover seed), it can create numerous instance of hardware wallets and even protects you from the famous $5 hammer attack.

traderethereum
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September 06, 2018, 08:02:35 AM
 #256

the best wallet for a long-term bitcoin holding is only hardware wallet like trezor, Ledger Nano S, and KeepKey. this three hardware wallet is the most popular that people use to store their bitcoin for a long-term. but you can install bitcoin-core wallet in your computer or download mycelium or Jaxx for your android phone. as long as you can keep the private keys, you will be safe and you don't have to worry if somehow your wallet is missing because you can get your bitcoin again.

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Amokomowo2005
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September 06, 2018, 08:27:09 AM
 #257

Just make use of any wallet that you seems will be able to save easily to you offline that is the one you will have access to keep your private key offline from to prevent hacker or phishing.

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Tashig
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September 06, 2018, 12:30:19 PM
 #258

Users should not forget to make backups, whether they are backing up a hardware wallet seed phrase, private keys or even paper wallets. You have to have multiple copies in safe places.
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September 06, 2018, 12:42:49 PM
 #259

I think bitcoin core wallet is the best wallet in the crypto world for bitcoin hold.it is more important to use it to invest.
albert11
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September 06, 2018, 01:08:00 PM
 #260

I suggest offline wallet. For me, it is the best wallet you can have as of now.
It will help you prevent hackers and help you to store your bitcoin in long period of time.

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