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Author Topic: What wallet should I use for Bitcoin?  (Read 350 times)
pakhitheboss
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February 09, 2020, 04:40:21 AM
 #21

Waht do you think of the most secure option wallet?
I prefer to use Wallet on my Android phone.

For only storing Bitcoin I use Mycelium wallet on my Android device. I have been using this wallet and have never faced any issue with it. I would recommend you to use it for storing Bitcoin.

For multi cryptocurrency I use the Atomic wallet for android. It is a bit slow but you can store more than 300 coins and tokens. It also comes with option for staking.

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February 09, 2020, 05:28:35 AM
 #22

If you can buy a hardware wallet, that would be your best option, I am using trezor since I started saving bitcoin, and I don't encounter any issues and it is guaranteed that your bitcoin will be safe as long as you don't share any information of your wallet.
If you don't want to use a hardware wallet, you can use Electrum wallet or Mycelium since it is most likely the most used wallet as of today.
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February 09, 2020, 05:32:23 AM
 #23

I wouldn't store any Crypto especially on a phone and especially on an Android which is usually more prone to get malware compared to Apple. Same with keeping crypto on a Windows 10 desktop computer.

My advice? Use electrum on Cold storage and if done correctly you will NEVER get your crypto stolen. All you need aside from your regular computer is an old computer that you NEVER connect to the internet. Around your house you shuld have an old laptop that you can use. Make the wallet on that old computer and use it to sign transactions and broadcast it on the online computer. At first its confusing but eventually you will get the hang of it. Plus its free compared to buying a hardware wallet.
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February 09, 2020, 06:04:49 AM
 #24

I use Coinomi, as long you have minimal funds and just looking for wallet on the go, it's a good option. Hardware wallets like trezor, ledger are most secure, you can use them with your android by otg cable.

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February 09, 2020, 06:28:15 AM
 #25

There are a lot of good bitcoin wallets you can download or use on your Android phone. Few of which include:

1. Blockchain wallet no doubt has proven secured over the years. Just ensure you activate all the security measures and keep your pass phrases safe. Then you are good to go.

2. Imtoken is one of the top and best rated bitcoin wallets we have on the space. This is not just a bitcoin wallet, you can also use it to store other cryptocurrencies.etc.

The bottom line of all these wallets is SECURITY. Get a wallet you can have access and control over your funds. Get a wallet that is secured. It is your responsibility to keep your funds safe!

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February 09, 2020, 07:34:42 AM
 #26

You want a wallet stored on Android, I can recommend you a wallet that I always use is a trust wallet, developed by binance of the world's top 1 exchange, will get the best support if user assets are hacked, accumulated many dapps and can create multiple wallets on the same device, especially wallets also support the majority of coins on the market

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February 09, 2020, 07:52:07 AM
 #27

There are a lot of wallets that are already listed but I would like to say that for every country you have this wallet which is more secure , local at the same time and you could interact with the company whenever you have a problem or something.
So I usually recommend keeping 2-3 wallets .
1. International
2. Local
3. Wallet on the sites like local bitcoins

Also you can go ahead and download some lightning wallets or wallets like samourai if you want to pay less fee.

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February 09, 2020, 09:02:46 AM
 #28

Electrum is the most popular Bitcoin wallet so far. So, you may have a look at that. Though many people feel Electrum is heavy to use if you feel the same then buy a hardware wallet, go for Ledger for it. Web wallet like Coinbase, Blockchain also better.
It's better to recommend them with hardware wallets, such as Ledger and Trezor. Hardware wallet is always superior to web wallet where we do not hold private keys, Whereas the hardware wallet is perfect because we control the Crypto assets, we control the private key.
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February 09, 2020, 10:11:22 AM
 #29

Waht do you think of the most secure option wallet?
I prefer to use Wallet on my Android phone.
Actually if you just prefer android phone to used so mobile wallet is the one you are looking at I suggest that one of the best wallet I have been used through the years is the electrum in which it is very good and responsible to keep our private keys and wr have the chance to control are private keys as well as to check our crypto personal assets time by time so I prefer to used this wallet although there are a lot of wallets that are accessible to android phone this electrum has one of the best ratings so far.



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February 09, 2020, 10:33:06 AM
 #30

I would like to go to coinbase since most of my friends that is also doing crypto is using it. It also offers a double authentication every time you log on that will increase the security of your cryptocurrency. They are using it for a long time so I have decided to use it also since it is proven and tested by them.

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February 09, 2020, 12:12:10 PM
 #31

I would like to go to coinbase since most of my friends that is also doing crypto is using it. It also offers a double authentication every time you log on that will increase the security of your cryptocurrency. They are using it for a long time so I have decided to use it also since it is proven and tested by them.

In using cryptocurrency for a long time, most of the problem we can face today is with the use of having a trusted wallet and secured because today many hackers or scammers attempting to create a clone and pretending application or website that is telling that they are legit and authentic. For using a long time a cryptocurrency wallet, many people suggested the coinbase and this wallet has a web base too and created an application that is easy to use because once you open the coinbase its already show the market price of the bitcoin and the other coin next is it is a faster transaction of sending funds and investment, also they have a excellent features that can helps their users notifying about the real time market price of the coins and also you can set the alarm to report to you when the price you already set is reached now.

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February 09, 2020, 12:39:56 PM
Last edit: February 09, 2020, 01:03:02 PM by Wintersoldier
 #32

Waht do you think of the most secure option wallet?
I prefer to use Wallet on my Android phone.
The most secured wallet for me is Coinbase because i have used it for years and i don't encounter any system errors such as hacking, slow transaction, security problems and etc. So i think if you are looking for a secured wallet i suggest you should really used Coinbase wallet.
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February 09, 2020, 02:44:47 PM
 #33

Mycelium does it thing for me, nothing more needed for Android. But if you're holding large amounts, take a look at hardware wallets, the safest option out there. I've heard Tresor can be hacked if someone gets access to it, but I don't know for sure. And of course, make your own research, there's a ton of information on each type of wallet
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February 09, 2020, 02:47:21 PM
 #34

I would like to go to coinbase since most of my friends that is also doing crypto is using it. It also offers a double authentication every time you log on that will increase the security of your cryptocurrency. They are using it for a long time so I have decided to use it also since it is proven and tested by them.

In using cryptocurrency for a long time, most of the problem we can face today is with the use of having a trusted wallet and secured because today many hackers or scammers attempting to create a clone and pretending application or website that is telling that they are legit and authentic. For using a long time a cryptocurrency wallet, many people suggested the coinbase and this wallet has a web base too and created an application that is easy to use because once you open the coinbase its already show the market price of the bitcoin and the other coin next is it is a faster transaction of sending funds and investment, also they have a excellent features that can helps their users notifying about the real time market price of the coins and also you can set the alarm to report to you when the price you already set is reached now.
Cloning a wallet is surely considered as a phishing attack, This kind of trick won't be effective if you are familiar with your wallet or you have a 2fa or other security measure to ensure your security. It's not an issue for me for the whole time I'm using bitcoin wallet tho. I've also tried Coinbase before and it is a good wallet that everyone suggests, But non-custodial wallets are the best for me because you yourself own the wallet and you have full control of it. Btw I am using nano ledger s as my primary wallet.

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February 09, 2020, 04:39:52 PM
 #35

Waht do you think of the most secure option wallet?
I prefer to use Wallet on my Android phone.

I use Breadwallet on my IPhone for small amounts, and hardware wallets for larger. 

Trezor s great!
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February 09, 2020, 06:59:51 PM
 #36

I would like to go to coinbase since most of my friends that is also doing crypto is using it. It also offers a double authentication every time you log on that will increase the security of your cryptocurrency. They are using it for a long time so I have decided to use it also since it is proven and tested by them.

The most secured wallet for me is Coinbase because i have used it for years and i don't encounter any system errors such as hacking, slow transaction, security problems and etc. So i think if you are looking for a secured wallet i suggest you should really used Coinbase wallet.
It's bad suggestion. Coinbase isn't a wallet at all. Coinbase is just centralized exchange, which requires KYC and where you don't have control of your crypto - they don't give you access to your private keys. And fact that you didn't had any issues so far doesn't mean anything. What if they just will kock your account with all funds tomorrow just because you got some crypto from gambling website? Exchanges is worst place to keep your crypto, and it applies to all exchanges, not just Coinbase.

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February 09, 2020, 07:34:31 PM
 #37

The most secured wallet for me is Coinbase because i have used it for years and i don't encounter any system errors such as hacking, slow transaction, security problems and etc. So i think if you are looking for a secured wallet i suggest you should really used Coinbase wallet.

Here we are talking about bitcoin.
Bitcoin was created to make us independent from third parties. Does Coinbase make us independent from third parties?

You haven't had any problem with Coinbase. But it doesn't make Coinbase the most secured wallet.
We can say a wallet is secure if you are the only person who has full control of your fund. Do you have full control of your bitcoin when you use Coinbase?
Bitcoin was created to protect our privacy.
Does Coinbase allow you to spend your bitcoin if you want to be anonymous?


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Krislaw
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February 09, 2020, 08:00:07 PM
 #38

Waht do you think of the most secure option wallet?
I prefer to use Wallet on my Android phone.
The most secured wallet for me is Coinbase because i have used it for years and i don't encounter any system errors such as hacking, slow transaction, security problems and etc. So i think if you are looking for a secured wallet i suggest you should really used Coinbase wallet.


Coinbase doesn't give you full control over your wallet and because you have been using it for years doesn't validate your point.
Not your key, not your wallet.


For me, I use Mycellium wallet which gives you addresses like segwit, and legacy address. You can also connect with hardware wallet like Keepkey, Ledgers, etc.
JessicaVL
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February 11, 2020, 04:01:57 PM
 #39

Tap has a mobile app that is both a cold wallet and a hot wallet ensuring your crypto is always secure and accessible. The Tap wallet is completely secure and comes with 2-factor authentication. So you can rest assured your assets are not only accessible but that they are always safe.
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