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Author Topic: which is the best and safest bitcoin wallet??  (Read 498 times)
Jhony sins (OP)
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December 09, 2018, 04:06:56 AM
 #1

i'm plan to buy a bitcoin but have a fear of hackers...suggest me the best and safest bitcoin wallet
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December 09, 2018, 04:32:03 AM
Merited by Jet Cash (1), bones261 (1)
 #2

The only choice is hardware wallet such as https://www.ledger.com/products/ledger-nano-s and https://trezor.io/start/

Make sure you buy from official store or official distributor and check if the device is genuine or not tempered.
1. For Ledger Nano S : https://support.ledgerwallet.com/hc/en-us/articles/360002481534-Check-if-device-is-genuine
2. For Trezor : https://www.reddit.com/r/TREZOR/comments/58evyn/_/

Edit : looks like bones261 answer a bit faster. But hardware wallet is still best choice since it's secure, but convenient/easy to use

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December 09, 2018, 06:38:03 AM
 #3

Hardware wallets are the best yes that's correct but I don't own one. I have three online wallet (there reputation is excellent) Blockchain, Bitpay and coinbase you can check them out. I have been using Blockchain and coinbase wallet for a while now but when the transaction fee issus can up (delay in transaction) I switched to bitpay which was faster and somehow cheaper. As of recent I have some fund in those three wallet. Might not be the best choice but I enjoy online wallet that's why i used them.

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Marshall14
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December 09, 2018, 07:47:11 AM
 #4

but I enjoy online wallet that's why i used them.
Definitely there is actually nothing wrong with the wallets you have made mention of and they actually work fine and many users use them without having any issues.

But OP requested to know the safest and best form of wallet and just as @ETFbitcoin has said its a no brainer it's definitely the hardware wallet,its probably more expensive than the rest but it's definitely the safest from hackers and prying malware
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December 09, 2018, 08:39:37 AM
 #5

There are many wallets out there but only hardware wallets will be the best secure wallet for you. You can buy Ledger nano S or Trezor which is the best safest bitcoin wallet ever in the crypto world but a little bit costly to buy.
Jhony sins (OP)
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December 09, 2018, 09:13:40 AM
 #6

thanks to everyone for sharing your knowledge with me....your answers helped me alot Smiley
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December 09, 2018, 09:16:10 AM
 #7

Bitcoin itself is a very safe thing. If you can properly keep your private key, how can hackers steal your bitcoin?
And most of the time, I don't think hackers will be interested in a small amount of private bitcoin, they may look more at those exchanges.
Therefore, I don't think you have to worry too much about the security of Bitcoin. For most people, as long as you don't easily paste key information such as your private key on the Internet, you don't need to worry about hackers.

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December 09, 2018, 09:28:52 AM
 #8

i'm plan to buy a bitcoin but have a fear of hackers...suggest me the best and safest bitcoin wallet
Which wallet you want to use? Hardware, Mobile, or web? You should use wallet which has private key. If you have private key and do not share that on any unsecured place then your wallet will not be hacked. You may see these wallets.
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December 09, 2018, 01:31:59 PM
 #9

There are many choices if you really want to secure and create a bitcoin wallet address

Destop - Bitcoin Core, Bitcoin Knots, Green Address
Hardware - Digital Bitbox, KeepKey, Ledger Nano S, Trezor
Mobile - Simple Bitcoin, Bitcoin Wallet
Web - BitGo, BTC.com, Coin.Space

all are safe if you do not share your password or private key with others
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December 09, 2018, 01:53:57 PM
Merited by Jet Cash (1)
 #10

all are safe if you do not share your password or private key with others

Absolutely not. All wallets can be hacked, and there is no such thing as a completely safe wallet.

Web wallets are a poor choice in general, as your private keys are stored online and are therefore a target for hackers. The same goes for storing coins anywhere online, such as on an exchange. Just don't do it. If you don't personal control private keys, then you don't really control your coins. Desktop and mobile wallets are a relatively safe, provided the device you are using them on is secure and not infected with any malicious software. Hardware wallets are your best choice - the two most well known and widely used being Ledger Nano and Trezor, as ETFbitcoin pointed out.

Most people generally use a hardware wallet as their main storage device for the bulk of their crypto, and use a desktop or mobile wallet for small amounts of day-to-day funds.

There is a stickied thread here that you may want to read: https://bitcointalk.org/index.php?topic=1631151.0
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December 09, 2018, 02:06:48 PM
 #11

Bitcoin itself is a very safe thing. If you can properly keep your private key, how can hackers steal your bitcoin?
And most of the time, I don't think hackers will be interested in a small amount of private bitcoin, they may look more at those exchanges.

Don't underestimate the hackers. Take note that attacking individuals is significantly easier than targeting exchanges. Also, I don't think most hackers attack individually in the first place. They most likely do it through the spread of viruses/malware, to potentially steal the bitcoin or cryptocurrencies of a huge demographic at the same time instead of trying to attack one by one.

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December 09, 2018, 02:19:45 PM
 #12

i'm plan to buy a bitcoin but have a fear of hackers...suggest me the best and safest bitcoin wallet

Hey your concerns are legit but these hacking happens mainly due to you using your wallet on a public wifi, or having virus on your machine, or sharing your details like private key or seed with others. I would recommend you Electrum wallet if the total bitcoins value is less than 100 bitcoins, if it's more than Trezor wallet those are the most secured wallet, but use them only if you plan to hodl a big amount of bitcoins.
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December 09, 2018, 02:25:35 PM
Merited by o_e_l_e_o (1)
 #13

Hey your concerns are legit but these hacking happens mainly due to you using your wallet on a public wifi, or having virus on your machine, or sharing your details like private key or seed with others. I would recommend you Electrum wallet if the total bitcoins value is less than 100 bitcoins, if it's more than Trezor wallet those are the most secured wallet
A Trezor only costs ~$95. You don't need to have $350k worth of Bitcoin to make it worth buying one.

use them only if you plan to hodl a big amount of bitcoins.
Correction: use them if you plan on securely storing your coins. Regardless of the amount.

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December 09, 2018, 02:29:55 PM
 #14

A Trezor only costs ~$95. You don't need to have $350k worth of Bitcoin to make it worth buying one.

Exactly this. I bought my first hardware wallet when I had $300 worth of BTC. They are a great investment.

Note that Ledger currently have a Christmas sale on, so you can pick one up for €69.99/£69.99/$65.65 through their official store here (https://www.ledger.com/collections/all-products) or one their licensed retailers here (https://www.ledger.com/pages/retailers).
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December 09, 2018, 03:41:16 PM
 #15

Just to mention that if you do go for a hardware wallet, make sure to purchase it from the official site or officially authorized reseller. Last month, Trezor released an alert after finding fake copies of it’s Trezor One on the market (see [PSA] Non-genuine Trezor One devices spotted. Be careful, buy only from Trezor Shop or authorized resellers).

Besides that, you will need to keep the typically 12/24 word recovery seed is a safe place, as it enables anyone with access to it to gain access to whatever crypto you protect with your physical hardware wallet.
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December 09, 2018, 04:13:32 PM
 #16

i'm plan to buy a bitcoin but have a fear of hackers...suggest me the best and safest bitcoin wallet

In my opinion, The Best and safe Bitcoin wallets are Coinbase and Blockchain. Both are secure. Both have 2 step verification. You should use coinbase and block chain wallet.
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December 09, 2018, 08:13:50 PM
Merited by mk4 (1)
 #17

In my opinion, The Best and safe Bitcoin wallets are Coinbase and Blockchain. Both are secure. Both have 2 step verification. You should use coinbase and block chain wallet.

Keeping your coins in any online wallet (web wallet, exchange account, etc) is bad idea. You are trusting someone else with your coins. These online services can be hacked. They can exit scam. They can become insolvent. They can close down. They can lock you out of your account. They can go down when you need access to them. If your funds are stored online, they aren't really your funds. The whole point of crypto is to move away from a third party having control over your money.

"Not your keys, not your bitcoin", as the old saying goes.
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December 16, 2018, 08:42:22 AM
 #18

The best and safest bitcoin wallets are Ledger nano S and Trezor this two can provide the best security to the customer's assets and private keys. Users need to choose one of them to have better security.
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December 16, 2018, 12:50:59 PM
 #19

i'm plan to buy a bitcoin but have a fear of hackers...suggest me the best and safest bitcoin wallet

I think the best and safest bitcoin wallet hardware wallet. All online wallet is safe until you keep your private key secure. If you store your bitcoin in the hardware wallet, it will be safe. Hardware wallet is immune to malware and nearly impossible to hack. The screens also provide extra security by verifying and displaying important wallet details. Since the hardware wallet is nearly impossible to hack. Hardware wallet Trezor or Ledger nano S.
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December 16, 2018, 01:07:12 PM
 #20

Hardware wallets are the best yes that's correct but I don't own one. I have three online wallet (there reputation is excellent) Blockchain, Bitpay and coinbase you can check them out.
I wouldn't consider them as an ideal wallet for storing large quantities though, these kinds of online wallets are mostly use for payment on the go but not for storing purposes. Among the three you suggested Coinbase has some bad rep under its name ranging from lost funds to even involuntary account blocking so I wouldn't even dare to hold large sums with this kind of wallet. The second best thing to go is of course desktop wallets which are also free like electrum, at least with this kinds of wallets you can trust to hold your BTC for long term purposes.
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