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Author Topic: Where do you store your crypto  (Read 804 times)
angelo2 (OP)
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July 28, 2019, 09:36:47 PM
 #1

The simple question. I just don't have an opportunity to store using hardware wallet and want to ask you do you use any non-custodial wallet? Thanks.
smajler
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July 28, 2019, 09:49:57 PM
 #2

My friend you can try exodus wallet is for free.

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dkbit98
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July 28, 2019, 09:51:45 PM
Merited by tranthidung (1)
 #3

The simple question. I just don't have an opportunity to store using hardware wallet and want to ask you do you use any non-custodial wallet? Thanks.

You can use ELECTRUM wallet for Bitcoin
or choose from official Bitcoin website
https://bitcoin.org/en/choose-your-wallet

PS
ALWAYS backup up your priv key/seed on safe place

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peter0425
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July 28, 2019, 10:09:01 PM
 #4

The simple question. I just don't have an opportunity to store using hardware wallet and want to ask you do you use any non-custodial wallet? Thanks.

You can use ELECTRUM wallet for Bitcoin
or choose from official Bitcoin website
https://bitcoin.org/en/choose-your-wallet

PS
ALWAYS backup up your priv key/seed on safe place
I still consider Electrum one of the best wallet, it's light-weight and you hold the private key. However, lately, Electrum has been targeted by hackers and criminals as well. So if you wanted to used Electrum, just be careful as well and download the apps on their official website only.

Exodus? Nah, I wouldn't trust this software.

You may want to try to visit this board: Wallet software.

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Xalata
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July 28, 2019, 10:24:03 PM
 #5

I like using the hardware wallet to store my tokens rather than exchange wallets nor web wallets. I think the hardware wallets are much safer than any other wallet.

bL4nkcode
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July 28, 2019, 10:24:40 PM
 #6

However, lately, Electrum has been targeted by hackers and criminals as well. So if you wanted to used Electrum, just be careful as well and download the apps on their official website only.
Every user of electrum should do that, but unfortunately some are bit lazy without checking the legitimacy of the app, even I downloaded electrum from their official website, I always verify its signatures if they are really from the devs. Coz just you now, websites can be hacked as well as the file link can be edited there, hackers can do such things and make things like its originally normal and legit.

Exodus? Nah, I wouldn't trust this software.
You can still trust them for smaller amounts and micro spending, but for storing large sum of assets,? just use HW or electrum.
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July 28, 2019, 10:44:04 PM
 #7

  ecoWell if you are out out of funds to purchase a hardware wallet to store your cryptocurrencies then it's best to use cryptocurrency wallet that is very popular and famous like the blockchain wallet application. The reason why i recommend the blockchain application is because it is widely trusted and it's safe to use as i have never had any issues while using it. Also, you don't want to store your cryptocurrencies on some recent cryptocurrency wallet as some of them are scams.

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boyptc
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July 28, 2019, 10:45:37 PM
 #8

So if you wanted to used Electrum, just be careful as well and download the apps on their official website only.
Bookmark is the key.

Like what I've expected base on the title, everyone would be suggesting electrum.

However, you can also prefer some wallets on the list --> https://bitcoin.org/en/choose-your-wallet


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hatshepsut93
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July 28, 2019, 10:49:35 PM
 #9

If you have an old PC or laptop, or you can afford to buy one for cheap (a used one will work too, just make sure to wipe it), then you can create your own cold storage setup which is as good or even better than hardware wallet, and only slightly more harder/inconvenient to use. Electrum has a great guide how to do it - http://docs.electrum.org/en/latest/coldstorage.html

Make sure to verify the signatures on all the software that you will use - the OS, the wallet and anything else that you'll have to use.
Gi01
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July 28, 2019, 11:10:29 PM
 #10

There are a lot of wallets available for the storage of your Bitcoin. Electrum, mycelium and others provide some level of safe storage for your Bitcoin. But for the safety of your Bitcoin, it all depends on you the person using the wallet.  You should find some time to research for the various Bitcoin wallets available and their vulnerabilities.
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July 28, 2019, 11:48:19 PM
 #11

I am mainly using 1 Private key for my daily life transactions. I use it on my phone and in my desktop pc. and I have another on my offline storage (Not gonna say where) but that is like my storage of future gold. I guess all I have to do is check if something new protocol is launched or not. Like I don't know if I have to change the bitcoin address when the lightning network will be available.
ghost424
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July 29, 2019, 12:02:07 AM
 #12

There are actually a lot of storage for Crypto. The most basic wallet that you can use is MyEtherWallet and it will really teach you a lot of things. You can also read some topics in the Beginners and Newbies Threads which really helped a lot when i was starting to learn about the forum. Be careful on using exchanges as storage of Crypto because you can never be too sure if it will last long.
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July 29, 2019, 12:19:08 AM
 #13

I don't see people talking about using more than one place to store cryptos
I prefer to diversify, and have my coins in mobile, desktop wallets, a little on in exchange to trade easily...
I think  this way is safer

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July 29, 2019, 01:09:58 AM
 #14

The simple question. I just don't have an opportunity to store using hardware wallet and want to ask you do you use any non-custodial wallet? Thanks.
If you don't have hardware wallet right now, try to put your money on a trusted exchange like binance but make sure to buy hardwallet if you have spare money especially if you have more money to keep for. In my place we have our local good wallet aside from the hardwallet, but again if you don't have the control with the keys its too risky to depend on that.
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July 29, 2019, 03:10:56 AM
 #15

The simple question. I just don't have an opportunity to store using hardware wallet and want to ask you do you use any non-custodial wallet? Thanks.
If you don't have hardware wallet right now, try to put your money on a trusted exchange like binance but make sure to buy hardwallet if you have spare money especially if you have more money to keep for. In my place we have our local good wallet aside from the hardwallet, but again if you don't have the control with the keys its too risky to depend on that.

Not your keys not your coins.

Speaking of electrum this is the official website:

https://electrum.org/#download

So just be sure to download it from there so that you won't get phished.

For hardware wallet:

[1] https://trezor.io/
[2] https://www.ledger.com/

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July 29, 2019, 03:28:39 AM
 #16

for now I think there are many wallets available for storing crypto and your key is your money so choose the one you trust, prefer to save on cell phones and now I'm trying to use magnum wallet,
available here https://magnumwallet.co/

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July 29, 2019, 05:33:35 AM
 #17

Crypto wallet is the safest place to store your crypto; there are different types of crypto wallets available 'hot wallet' and 'cold wallet' are the basic differentiating types to store digital assets safely.
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July 29, 2019, 05:39:13 AM
 #18

The simple question. I just don't have an opportunity to store using hardware wallet and want to ask you do you use any non-custodial wallet? Thanks.
I can recommend you some desktop wallet or mobile wallet. Just make sure you always do backup in case there's a problem arise in your gadget, you still have your funds. Because if you didn't guess it's time so say good bye to your funds...
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July 29, 2019, 05:54:06 AM
 #19

The simple question. I just don't have an opportunity to store using hardware wallet and want to ask you do you use any non-custodial wallet? Thanks.

If you don't plan to spend in the near future, paper wallets are the cheapest and best option.
The wallets never store the coins, the coins are always on the blochchain, The wallets store, in a way or another, the private keys, the only necessary thing for spending the coins.

Please make sure you make the wallet in a safe manner (offline computer and so on), there are plenty of tutorials.
You can either use something like bitaddress (downloaded, offline, and make sure you add plenty of randomness there), then you print that or write by hand (just make sure you write it right) or, you can use Electrum. With Electrum you'll generate a seed, which is normal words, and you write that down together with a few addresses for that seed (it could be easier because you won't need printer)

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July 29, 2019, 06:33:45 AM
 #20

Deciding what method of storing your coins you are going to use, are just as important as deciding what percentage of your coins are going to be stored on those different methods. You might want to opt for several different methods and then split your coins into short-term and long-term coins, based on your needs.

If you use coins regularly, then chose a method where you have quick access to your coins and if you are going to store coins for longer periods without accessing it, then you should put more coins in cold storage methods. <Offline Electrum wallets / Paper wallets>

Go to https://electrum.org/ the official site or download it from the Github site.  Wink

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