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Author Topic: What is best wallet for long term bitcoin holding?  (Read 4084 times)
LizZavet (OP)
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July 18, 2018, 02:20:23 PM
 #1

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.
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GMAIL RM008
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July 18, 2018, 02:27:24 PM
 #2

As far as I know the best software wallet for BTC holding is coinbase wallet.

"IN BRIEF
Founded in June of 2012, Coinbase is a digital currency wallet and platform where merchants and consumers can transact with new digital currencies like bitcoin, ethereum, and litecoin. We're based in San Francisco, California.

Bitcoin is the world's most widely used alternative currency with a total market cap of over $100 billion. The bitcoin network is made up of thousands of computers run by individuals all over the world."
To get your wallet or know more visit here: https://www.coinbase.com
BrewMaster
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July 18, 2018, 02:34:10 PM
 #3

you want something that can be considered cold storage while it is resilient. my favorite is encrypted private key etched on a piece of metal. which is basically an improved version of paper wallet. it is a cold storage (if you create it right, meaning offline on a clean computer). and it is encrypted so no one can just read it and use it. and also it is on a metal (you can use stainless steel which is easy to find and cheap, or Aluminum) so it is resilient to fire, water,...

stay away from web wallets like the suggestion the first reply above gave, that is the dumbest way of long term storage! not to mention that an account on coinbase doesn't give you your private keys so you don't own a wallet you only own an account!

There is a FOMO brewing...
taeewo
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July 18, 2018, 03:15:39 PM
 #4

Any wallet you will have access to its private key is cool in holding bitcoin for long, the one you will be able to save the key offline to avoid any form of hacking.
Amokomowo2005
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July 18, 2018, 03:19:18 PM
 #5

i use coinomi application to store my bitcoin,  its so easy to use and have multiple wallet where you can store other different tokens. Still also helpful in exchange coins to other without going through exchange site.

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MVT_Freedom
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July 18, 2018, 03:21:21 PM
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Paper wallet is the safest and easiest, but best to copy it and put in more than 1 different places. Like if your house burns down you can lose the paperwallet...
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July 18, 2018, 05:55:49 PM
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You should use a cold wallet to complete this maximum safety
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July 18, 2018, 08:26:59 PM
 #8

A hardware wallet or a paper wallet is the best option for long-term storage. Have a read of this thread in the Beginners' section which will give you more information: [General] Bitcoin Wallets - Which, what, why?
uniquelymoi
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July 18, 2018, 08:50:28 PM
 #9

I'd definitely recommend using a hardware wallet for holding, especially long term. Or at the very least a paper wallet and as someone previously suggested definitely print off more than few copies!!  Grin
davidka
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July 19, 2018, 07:00:54 AM
 #10

You should use a cold wallet to keep your Bitcoin safe, which is the most valuable asset you hold, keep it in check.
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July 19, 2018, 07:45:59 AM
 #11

Which one is best and have no bugs and problems?
Hardware and offline wallets are the best ones to use imo.

Which one is worse?
Exchange wallets like coinbase is one of the worse wallets you can have because you don't have any way of backing up your wallet if things go south with these exchanges.

Which one is easy to instal and easy to use
Easiest wallet to install are mobile and desktop wallets some examples are Electrum, Green Address and Mycelium for mobile.

Which one you just prefer for long term holding.
If you don't mind spending money for an extra layer of security i'd say go for a hardware wallet.


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Roberttran
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July 19, 2018, 07:56:05 AM
 #12

Hard ward wallet are the safest choice .  On the market today are two types of most popular and most secure are Trezor, Legder nanos.  You can find them on online stores like Amazon ... ebay
NewCryptocasinos
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July 19, 2018, 08:01:08 AM
 #13

I love my Nano, very happy about it

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CurrentCrypto
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July 19, 2018, 08:01:50 AM
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I'm using the Ledger Nano S, very happy with it.
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July 19, 2018, 08:06:35 AM
 #15

okex.com
I think that's good
although I have never had hold bitcoin there, but I've never hold etherum.
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July 19, 2018, 08:10:37 AM
 #16

I'm using the Ledger Nano S, very happy with it.

I have the same, Im thinking of getting the Ledger Blue now

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ajuelnah akun
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July 19, 2018, 08:12:04 AM
 #17

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.
the blockchain wallet in my opinion is still the main choice, because I personally also use it.
I am very confident with the security of the wallet. I do not know if you want to try something else.
ovbokhan
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July 19, 2018, 08:13:43 AM
 #18

Hardware wallet, Trezor or Ledger are nice for long hold
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July 19, 2018, 08:14:55 AM
 #19

They are the same. The most important thing is your scam prevention skills. You need that skill to prevent losing money
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July 19, 2018, 08:18:06 AM
 #20

I am just using a wallet provided by the local service provider here in my country I will just hold it on my acct but if you want to hold in a particular wallet it is better to hold it in a hard wallet so that it is much secured.
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