how to choose a high secured wallet ??

[eagle123]

there are many more wallets are in crypto world , but we must know about the security of wallet ..
how to choose a high secured wallet ..?? which properties are very important to us for must learn about the wallet security ??
and transaction fees is depending on wallets !! and it's features !! tell me your suggestions for this topic ...!!

[OmegaStarScream]

If a wallet is made properly, the fees should depend mostly on the current state of the network/mempool.

As for security, there is no better option then hardware wallets, you might want to grab a Trezor or Ledger nano S while the Black Friday deals are still on.

Web wallets/online are not suggested and as for desktop wallets, it's only safe If your computer is clean.

[Bitcoin_Arena]

As @OmegaStarScream said, Hardware wallets are the safest as far as security of your tokens is concerned. However make sure you don't buy it from Third party sellers as there have been reports of fake hardware wallets in circulation posing as genuine Trezor wallets.

If you opt for web wallets or apps , make sure you use wallets that have been around for sometime and have a wider user base. Avoid recently introduced wallets and while at it of course:
- Keep the computer clean, Discard all shady apps,
- Don't download shady browser extensions,
- Don't download shady documents from the web
- Update your computer/phone regularly
- Always generate, copy and store your private keys and mnemonic phrases offline. Don't screenshoot them

[bob123]

The security of your wallet depends on the whole system architecture.

For example: A completely unencrypted desktop wallet on a linux system is way more secure than an encrypted wallet on a windows machine.


For high security, your goal should be to have the private keys in an offline environment.
Either by using a dedicated device only for storing the private keys, using a paper wallet or (the most convenient one) using a hardware wallet.

Paper wallets and airgapped storages are quite tricky to spend coins from. A hardware wallet can easily be plugged in into your computer (even if infected) without losing your coins.

However, if you don't want to buy a hardware wallet, but still want convenient storage, a desktop wallet can(!) also be secure. But this depends on the way you are using your system.
Since more than 97% of all malware is coded for windows, i would NOT regard a desktop wallet on windows as safe enough to store higher amounts of BTC on it.
On a linux system on the other side, it might be safe enough.


Also, one should never forget the most important thing: Common sense.

Having your wallet secured is good, yes. But it is worthless if you get tricked by a scammer to send him your BTC by yourself.

[Juggy777]

there are many more wallets are in crypto world , but we must know about the security of wallet ..
how to choose a high secured wallet ..?? which properties are very important to us for must learn about the wallet security ??
and transaction fees is depending on wallets !! and it's features !! tell me your suggestions for this topic ...!!

Hey agreed there're many wallets out there and I only recommend two which one you should choose depends on your amount of bitcoins you intend to hodl. I would suggest Electrum wallet, it's highly secured, easy to operate has a desktop version and a mobile application. My second suggestion is to buy a Trezor wallet if you plan to hold a huge amount of money in bitcoins, you should act quickly and take advantage of Black Friday deals.

[dunkerey]

It is true that there are so many wallet out there but I highly recommend hardware wallet. Most of bitcoiners suggest this, I think you should consider.

[Lakai01]

I wouldnt trust any software wallet again. Just take a look at the bugs electrum had in the span of a year, almost any of those bugs could have led to losing your coins.

If you really want to store your coins safely you will have to buy a hardware wallet.

[HCP]

I wouldnt trust any software wallet again. Just take a look at the bugs electrum had in the span of a year, almost any of those bugs could have led to losing your coins.

Bugs(plural)? I'm aware of precisely one major vulnerability that Electrum had recently... no-one noticed it for a long time. Once found and advised, the Electrum Devs fixed it immediately.
https://github.com/spesmilo/electrum-docs/blob/master/cve.rst

To be exploited, you needed to be running the insecure version, have the wallet actually open and running AND visit a webpage that exploited the vulnerability.

If you really want to store your coins safely you will have to buy a hardware wallet.

You do realise that hardware wallets like Trezor and Ledger have had security vulnerabilities too, right?

https://blog.trezor.io/details-about-the-security-updates-in-trezor-one-firmware-1-6-2-a3b25b668e98
https://www.ledger.fr/2018/03/20/firmware-1-4-deep-dive-security-fixes/


That isn't to say they aren't one of the safer options, along with paper wallets... people just need to be aware that nothing is 100% secure.

[eagle123]

many more peoples are asking , ''go for hardware wallet and what are the main advantages of it
and what is the difference between hardware wallet and other wallets

[boyptc]

many more peoples are asking , ''go for hardware wallet and what are the main advantages of it
and what is the difference between hardware wallet and other wallets

Well these hardware wallets built their reputation and has proven to be trustworthy so your money is worth taking any of them. What other wallets you are saying? web wallets? its likely that your funds can be gone if something goes wrong with them.

Choose a wallet that you hold the private keys, have you tried paper wallets for long term keeps?

[keychainX]

The security of your wallet depends on the whole system architecture.

For example: A completely unencrypted desktop wallet on a linux system is way more secure than an encrypted wallet on a windows machine.

Having your wallet secured is good, yes. But it is worthless if you get tricked by a scammer to send him your BTC by yourself.

You should never ever have your desktop wallet unencrypted. Don't get fooled that linux is much safer than windows.

[eagle123]

which one is very safe ( high secured) linux or windows ..?

[PhilipDon]

I wouldnt trust any software wallet again. Just take a look at the bugs electrum had in the span of a year, almost any of those bugs could have led to losing your coins.

If you really want to store your coins safely you will have to buy a hardware wallet.

For sure, software wallet has never been in my list. It is not good, you had better use hardware wallet.

[DdmrDdmr]

It is also worth mentioning that some people choose to have a backup of their hardware wallet device (i.e. two Ledger Nano S with the same cloned information), in case there is a mechanical failure or else. While this is not strictly necessary, (one still has the 24 word recovery paper sheet to restore on any other hardware or software wallet that is compatible with the pertinent BIP standards), it does give peace of mind in a way.

Ledger Nano S is protected by a Pin code that you set at your discretion. You need to be wary not to forget it though, since three invalid Pin attempts causes the device to reset factory settings, erasing the private keys (again, the 24 word recovery sheet lets you re-establish these on to the device).

[bob123]

You should never ever have your desktop wallet unencrypted. Don't get fooled that linux is much safer than windows.

I never said that one should have his private keys stored unencrypted.

Linux is - by definition - safer than windows in daily usage.

In a targeted attack, it doesn't make any difference. That's correct.
But why would any commercial malware creator (its all about money - that's always commercial) target linux user (who by default have more knowledge regarding security) if the market share of windows is 95%+ and linux less than 2% ? This wouldn't make any sense.

The majority of malware IS coded for windows. When using your computer like any standard user does, the chances of getting infected on a linux machine is WAY lower than on a windows machine.


So, while linux per se is not more secure than windows, the risk of getting malware onto your computer is way lower. This makes linux machines safer in daily usage.

[abstractednerve]

Buddy mind it transaction fees don't require for wallet safety. To make secure our assets and private keys we need the best-secured wallet. There are so many wallets in the market but I would like to suggest buying a hardware wallet this is the best-secured wallet in the crypto world.

[Theb]

many more peoples are asking , ''go for hardware wallet and what are the main advantages of it

Mainly because the storage solution is off the net which means that the only time it is online is when you connect it to a computer with the internet. This means that you will be less vulnerable to hacks and malwares when it stays disconnected to your computer. This is ideal for people who are looking for mainly storing cryptocurrencies as investment and not using their cryptos as a form of payment.

[Ciscopro2000]

Hardware wallets and offline wallets like paper wallets are typically secured.  But you also need to take personal responsibility to safeguard your wallets. 

[eagle123]

Hardware wallets and offline wallets like paper wallets are typically secured.  But you also need to take personal responsibility to safeguard your wallets. 

how can i take personal responsibilty ?? how can i secure my wallet

[HCP]

Hardware wallets and offline wallets like paper wallets are typically secured.  But you also need to take personal responsibility to safeguard your wallets. 

how can i take personal responsibilty ?? how can i secure my wallet

That is generally a matter of exercising "crypto common sense":

- If you have a hardware wallet... write the seed mnemonic (12/24 words) down on paper and store it safely and securely OFFLINE... consider fireproof safe etc (or use something like cryptosteel to protect it from water/fire).
- NEVER put your Hardware Wallet seed mnemonic into any computer or other wallet unless you are attempting a wallet recovery after hardware device has been lost/stolen/destroyed etc.
- NEVER give private keys or seed mnemonics to ANYONE... EVER.
- If you have paper wallet, consider using special paper/ink to protect from fading, water damage... and again, fireproof safe to protect.
- Make sure any paper wallets are generated "properly", that is to say "securely"... on offline computer using proper "random number generators" (dice method or proven offline paper wallet generator etc).
- Learn to use paper wallets properly... practice with small amounts until you are comfortable with creating and spending them. (ie. how to deal with "change", and sweeping/importing them into other wallets etc)
- If using desktop wallets, ensure computer is used properly (avoid dodgy websites, don't download pirated software/porn etc, use antivirus/antimalware, don't install random software etc)...
- Don't use web wallets/exchanges for "long term storage"... remember, no control/access of private keys... no control of coins.