Wallet advice?

[The Cryptovator]

Not sure what business you are going to start. You you are going to start online business and you wanna accept bitcoin as a payment method then I will prefer for BTCPAY server this is non custodial open source bitcoin payment getaway. You may use this wallet on multi purpose even accept bitcoin from mining. Even you may accept altcoin via this wallet and you may accept bitcoin through lightning network if you use your own server.

However for accept mining reward better if you could buy hardware wallet. It's safe ever than any other wallet. But if you can't afford this then I will prefer for Electrum wallet since it's open source and easy interface. For long time holder I will never prefer any wallet except hardware wallet since I am using Ledger for it. For short deal using Electrum wallet. So I will prefer as same.

Do not use custodial web wallet/exchange like coinbase to hold your fund longer.

[larus]

There are a lot of good non-custodial wallets on the market. Always use wallets that not require registartion and personal data. Coinomi, exodus, ownr wallets, for example

[danieleither]

Well I hope you have chalked out a plan for how many miners you are going to install and how to maintain them and cooling costs. In general mining is a pretty difficult ROI game in this market. You dont want to end up with a bunch of heavy machinery and nowhere to make money without having a huge negative balance. I hope you know what you are doing, but if you need advice, you can talk about it in this forum's "Mining" section.

Yes. My business is based in a remote location and we generate our own electricity. Without going into too much detail, changes in technology and business plan over the years means we currently have around 50kw redundant power capacity, which is enough to power a small collection of decent miners. I am confident we can power a 1PH/s farm and cooling.

Also planning to buy new equipment which allows for tax write-offs as well.

[Oasisman]

I don't have much knowledge about mining and how huge would be the transactions every transfer is, but one thing is for sure hardware wallet is more secure than using the custodial wallets and other online wallets. Though if there is a need for you to use one of the online wallets, then I think you'll be still fine, base on your statement, I assume you're doing a lot research before taking the first step, so you'll most probably end up using the most trusted one like the Electrum wallet.
Good luck to your business in mining.

[BitcoinsGreat]

I am new to Bitcoin and in the process of setting up a small farm in the basement of my business premises here in the UK. Obviously I need to open a wallet however there doesn't seem to be much discussion or advice available on wallet providers. I've read a few reviews doing a Google search but these often seem biased. I've read some glowing reviews about Blockchain, Coinbase and ZenGo on some sites, however when you read the Trustpilot reviews (a popular review website here in the UK) the ratings are very bad for these wallet suppliers with lots of horror stories.

Can anyone make some recommendations for safe and reliable wallet providers?

You may use any wallet for which you have control on the private keys. This will include the desktop wallets and the mobile wallets. Avoid the online wallets like coinbase etc, because they do not give you the private keys. Also some people store their coins on the exchanges , which is also dangerous as exchanges could be hacked or scam.

[barumbado]

Um using an etherwallet but its been hacked so im thinking that i need to choose a more secure and safe one so i decided to switct to coinbase and matamask wallet.

[Twentyonepaylots]

Exchange market is the best wallet for saving your bitcoin and your altcoin, but some time when exchange market have trouble with upgrade their system working you not available for withdrawing and hold your assets more than several hours, but if you hold on offline wallet you need several hour for sending to exchange wallet if you wanna sell.

I don't recommend using exchange wallet simply because of some unnecessary maintenance, the exchange to wallet is fast but there are some bugs as I've experienced it. The most recommended asset for most secured storage is the hardware ones like Trezor, Ledger etc. but that would costs you a couple of bucks. There are wallets downloadable at playstore and appstore maybe you can try some, read the reviews first before deciding what to use 

[thesmallgod]

Do not trust many of those review of trustpilots. They are mostly dropped by newbie that probably get involve in ponzi scheme or mistakenly transfer money to a wrong address and hold the wallet responsible. Depending on how much you are planning to put there, Hardware wallets such as Trezor are the safest wallet. You can purchase one and store your coin their

[thesmallgod]

Exchange market is the best wallet for saving your bitcoin and your altcoin, but some time when exchange market have trouble with upgrade their system working you not available for withdrawing and hold your assets more than several hours, but if you hold on offline wallet you need several hour for sending to exchange wallet if you wanna sell.

please for a long time holding, Do not store your wallet on exchange wallets. In fact, it is not advisable at all. If the exchange platform get hacked or the platform runs away, believe me, that is the end of your money. Even some desktop wallets like exodus will suggest you only put small amount of coin for temporary reasons. You need to read about cryptopia and what happens to the traders that have funds in their wallet

[taufik123]

Selection of the right and safe wallet you have to do. I would rather you save Bitcoin with a wallet that you can control yourself.
For example you can use a BitcoinCore Wallet or a safer Electrum instead of having to store your Bitcoin Asset in an exchange such as Coinbase which will likely be able to be hacked at any time.
Or for safer use of Hardware Wallet such as Trezor, Ledger nano S, KeepKey and others, which will give full access to the assets you have.

[Sanugarid]

Selection of the right and safe wallet you have to do. I would rather you save Bitcoin with a wallet that you can control yourself.
For example you can use a BitcoinCore Wallet or a safer Electrum instead of having to store your Bitcoin Asset in an exchange such as Coinbase which will likely be able to be hacked at any time.
Or for safer use of Hardware Wallet such as Trezor, Ledger nano S, KeepKey and others, which will give full access to the assets you have.

Yeah, don't use exchanges as your wallet they are very prone to be stolen not by the exchange itself but by the hackers. Just go with the top trusted wallets in the appstore, I use DoWallet not only bitcoins that I can store here but also litecoin, ethereum and BCash. It works pretty well for me, you can search for more free wallets out there but make sure it is trusted by many. Or you can go with using hardware wallets, but make sure to buy it to the direct supplier so you can avoid receiving a tampered one.

[ampere]

I was keeping my funds on Coinbase, but have switched to Exodus desktop wallet. Its free and is very user friendly and easy. Save your info on a piece of paper somewhere safe.

But wait, while it is not wrong to use exodus wallet on desktop
Why not own a mobile application as well?

I mean, if you are in profit and you need to trade rather urgently and you are away from home, hoe would you trade?
You can consider the use of a mobile bitcoin wallet or trezor or ledger

[Bobby park]

Bitcoin has taken the world by storm, offering a currency alternative to the government-backed currencies we all know from daily use. Proponents argue that the digital currencies are easier, safer, and offer better privacy than traditional currencies. Because the value of a Bitcoin compared to the U.S. dollar and other currencies has skyrocketed over the years, it has shown up on some people’s radar as an investment opportunity as well.

Before you put a dollar into Bitcoin or any other cryptocurrency, it is important to understand the risks. Bitcoin could easily double in value over the next few years, but it could just as easily drop to near zero in value. Only put in what you can afford to lose because there is a chance you won’t get it back. If you understand the risks and you’re ready to move forward, any of these best Bitcoin wallets should have you covered.

For keeping your Bitcoin there are several wallets that you can use to store your Bitcoin. 1. Coinbase the most recommended wallet 2. For the best security 'TREZOR' 3. 'Electrum' for desktop computer wallet 4. 'BLOCKCHAIN' Best online wallet 5. 'MYCELIUM' for mobile wallet 6. Best for Intuitive Desktop Use 'EXOSUS' and last Best for Free Buying and Selling: Robinhood.

Those are wallets that you can use to keep your Bitcoin safe but it depends on the availability or where you prefer to use.

[danggoron]

Exchange market is the best wallet for saving your bitcoin and your altcoin, but some time when exchange market have trouble with upgrade their system working you not available for withdrawing and hold your assets more than several hours, but if you hold on offline wallet you need several hour for sending to exchange wallet if you wanna sell.

No, wallet exchanges are the most vulnerable because hackers often target them. Even trusted global exchanges have been hacked, so users lose assets, fortunately the exchange is willing to take responsibility and provide compensation. In another case, there was a CEO of one of the shit exchanges who took away the assets of their users, and ran off somewhere. So be wise in using wallet exchange.
The safest wallet is the offline wallet, just select the hardware wallet.

[ritu_bd]

I have been using Coinbase and Blockchain for about 7 years, but I have not done anything against them that I would call bad. I think wallets are not responsible for those who have hacking problems that are due to their own mistakes, if we do not click on the wrong gender then our wallets will not be able to hack hackers to hack even though we often allow different apps. Gives us information to view, so we make all these mistakes and blame the wallets for what is not desirable, first see what mistakes are in yourself, according to my advice Coinbase would be good for you because here you can pay your employees via email.

[Cryptomiles1]

I am new to Bitcoin and in the process of setting up a small farm in the basement of my business premises here in the UK. Obviously I need to open a wallet however there doesn't seem to be much discussion or advice available on wallet providers. I've read a few reviews doing a Google search but these often seem biased. I've read some glowing reviews about Blockchain, Coinbase and ZenGo on some sites, however when you read the Trustpilot reviews (a popular review website here in the UK) the ratings are very bad for these wallet suppliers with lots of horror stories.

Can anyone make some recommendations for safe and reliable wallet providers?

there are much types of wallet depending one specific blockchain you want to run.
1. btc wallet
2. Ethereum wallet
3. EOS Wallet
4. Stellar wallet
etc

for bitcoin wallet I recommend you to use desktop wallet, while for Ethereum only you go for trusted app or possibly you can activate metamask on your web extension.
the EOS wallet that can be downloaded through the websites and the rest would be done.
Stellar you can also be downloaded an installed in your system but you have to make sure all your details are secured and protect your system from being damaged. more can be discussed some post that has been made by some individuals.

[RememberGod]

There are different types of wallets out there. People mostly use desktop, mobile, online and hardware wallets.

Online wallets on reliable services are fine for relatively small amounts if you use 2FA security layer properly. But you should remember to
check url when visiting online wallets - many fishing sites out there.

Desktop and mobile wallets are also ok if you know associated threats and security measures.

If you are going to keep significant bitcoin long-term, then hardware wallet is a must. There are many manufacturers, including Trezor, Ledger, Keepkey, Bitbox etc. Trezor is the oldest company. Ledger and Trezor are most popular.

I don't know other types of wallets apart from hardware wallets that can gives me confidence that I actually OWN my bitcoins. I've lost some assets on 2 exchanges due to hacker attacks. One of them was Cryptopia. I didn't have any problems with desktop wallets, but I know something about security.

Here is a simple guide: https://bitcoins.menu/#bitcoin-wallets-easily-explained

[taufik123]

-snip-

Do Wallet is like a free wallet that is installed on your smartphone, but you should know that your smartphone is also very vulnerable to hacking if you are not alert, a lot of malware is lurking, use protection such as smartphone antivirus to protect your wallet.

To use Hardwar do have to buy at the official store and make sure the new hardware. If buying in an unofficial store ranges get a hardware wallet that has been modified and is very dangerous if used, the asset will be stolen by someone else who modifies the wallet hardware.

[boyptc]

I believe imtoken wallet don't just save only shitcoin it does save bitcoin and ETH. Imtoken is on Play store try have a review about it.

Imtoken do supports BTC and ETH.

--> https://support.token.im/hc/en-us/articles/115001657313-Which-tokens-are-supported-by-imToken-

[Stedsm]

Exodus and BitPay both work good, and Exodus allows you to keep using a single address until you decide to change the settings. Electrum is one another wallet that gives you everything (one of my fav) but you need to be careful while using it as there are many phishing issues coming from the Electrum community as in some cases, they complain about having their BTC stolen due to a phishing server being used in the wallet.