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Author Topic: What is best wallet for long term bitcoin holding?  (Read 4093 times)
abojamal
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July 19, 2018, 08:32:46 AM
Last edit: July 20, 2018, 01:19:01 PM by abojamal
 #21

Cold storage is the best and safest now
Problems with your private key are very big unless you keep it offline
Use Trezor, Legder nanos.
These are very good and practical options


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Em00n01
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July 19, 2018, 08:36:00 AM
 #22

Hardware wallet is the best option. Besides you can use Blockchain.info or coinbase. I didn't find any issues with them.
pendong101
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July 19, 2018, 08:51:44 AM
 #23

Hardware or just paper wallet you can save it offline away from hackers and save it in your usb or just copy many as you can so if something happen you still have copy somewhere else
BlackPanda
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July 19, 2018, 09:00:20 AM
 #24

Electrum is one of the best offline wallet right now, with good security because it has private keys feature so our wallet will be much safer.
But if you want to trade then I would recommend using a exchange that has a good reputation like bittrex.
Every thing must have advantages and also its shortcomings. Choose according to our needs because it will make us much more comfortable when doing anything.
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July 19, 2018, 09:14:57 AM
 #25

okex.com
I think that's good
No, that's not good for holding bitcoin in the long run.

It is an exchange and it isn't safe to store your funds there for a very long time.

although I have never had hold bitcoin there, but I've never hold etherum.
What? you haven't used it and never had hold bitcoin and ethereum but you are suggesting? are you nuts?

These wallets are good. (https://bitcoin.org/en/wallets/hardware/)

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YinShuiSiYuan
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July 19, 2018, 09:26:39 AM
 #26

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...

That's why I would add a hardware wallet. Trezor or Ledger provide very good security in combination with a paper wallet against various events in which you can lose the wallet.

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tegarp90
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July 19, 2018, 09:27:43 AM
 #27

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.

Blockchain.info is the best i thing, but if you want safer wallet, ofc you should buy a hardware of offline wallet and never login your wallet online.
There you will be not able to get hacked
billknight
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July 19, 2018, 09:34:20 AM
 #28

If you hold Bitcoin for a long time then I think you should hold Bitcoin in the wallet on blockchain.info. I think this is a very secure website. I believe hackers will never be able to attack blockchain.info and possibly steal your Bitcoin.
nhattori27
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July 19, 2018, 09:54:39 AM
 #29

Well, there is no match for hardware wallet, it is the best for holding bitcoin for long-term. If you are looking for free wallet, then online wallet such as Blockchain.info or Coinbase would be the best. The other option is the desktop wallet Electrum which is also very good.
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July 19, 2018, 09:57:00 AM
 #30

I think maybe it will have hardware wallet to hold BTC in the future
woolm110
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July 19, 2018, 09:59:13 AM
 #31

Either a paper wallet or a hardware wallet. Personally I use the Ledger Nano S which is great, I can store the private keys for multiple different coins (with new ones being added regularly) and access them securely with the device. There's also Trezor which is very similar, I haven't used that one though so can't comment on how good it is, I know it gets good reviews though.

Basically you need something secure and durable (if going down the hardware route), if going with a paper/offline wallet then somewhere secure to store your private keys!
Eleven86
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July 19, 2018, 10:03:27 AM
 #32

Electrum wallet is the best wallet to hold the bitcoin for long time. Its the safe and secure wallet to use. It is based on private keys so our funds should be very safe in this wallet. It provides two factor authentication is an additional feature for this wallet. It supports both mobile and desktop. This wallet is very user friendly to use .
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July 19, 2018, 10:18:10 AM
 #33

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?

Thanks for suggestion. I have learned a lot. I use hardware wallet now because based on my research hard wallet cannot receive viruses and malware and also if you lose your hardware wallet you can still recover your coins. For more information. https://www.buybitcoinworldwide.com/cryptocurrency/wallets/
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July 19, 2018, 10:24:13 AM
 #34

If you are talking about software wallets then Coinbase may be the wallet that will suit you, it offers great security and I think may be the best wallet out there right now, I highly suggest it for people who are looking forward to hold for a long period of time.

On the other hand, If you are talking about storing BTC at a hardware wallet then I think that Trezor may be the wallet that will suit you in storing your holdings, this hardware wallet costs about $99, while the Ledger Nano S (cheaper than Trezor) costs about $69, no difference around here but Trezor can be much more secured and can be reliable, though Ledger is also a good hardware wallet, but I think in my own opinion Trezor is better.

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July 19, 2018, 11:26:19 AM
 #35

definitely, cold storage is the best option to store cryptocurrencies for long-term, by keeping your private key offline you're certain that it's intact from malware, you have 2 options to choose from, a paper wallet or a hardware wallet. Personally, I choose the second because it is more easy to use and if you happen to lose it no one can access your fund and you can bring them back by the recovery options, if you lose your paper wallet, everything is lost.
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July 19, 2018, 11:49:44 AM
 #36

I think the most suitable wallet for storing cryptocurrency for bitcoin you can store it in blockchain.info while for ethereum you can store it in myetherwallet.
LizZavet (OP)
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July 19, 2018, 12:09:54 PM
 #37

Thank you all very much i think this information will be usefull for everyone
Now i think between Ledger Nano S or cold storage os some other good option.
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July 19, 2018, 12:21:51 PM
 #38

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 recommend hardware wallet or paper wallet.
Hardware wallet- generally being the easier of the two for someone not experienced in holding cryptocurrency. I use the Nano Ledger S which is easy to use and high quality but there are good alternatives out there.
Paper wallets- are considered one of the most secure wallets available. The process of generating new addresses and keys can be done online using BitAddress or any other Paper wallet provider.
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July 19, 2018, 03:45:07 PM
 #39

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.
As far as I know Ledger nano is one of the best and most secure wallet for holding bitcoin but I'm not the experienced user of it because I don't have any yet, my deals with alternative cryptocurrencies mostly.
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July 19, 2018, 04:00:00 PM
 #40

I would prefer the traditional blockchain wallet for a long hold, because I don't want to be tempted to move my coin until it's upto what I really wanted as profit from the beginning

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