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Author Topic: Safest cryptocurrency wallets  (Read 1445 times)
TheGreatPython
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October 11, 2020, 01:54:42 PM
 #181

Hope this thread will help me  figure out which wallet I can store my Bluzelle token, every time I wake up to hear crypto wallet or exchange been hacked it discourage me alot for me I think trust wallet is cool but I still need some professional reviews
You may use Binance to store your coins and I know it is not a very clever idea to store your coins in the exchange but that is said because exchanges are often hacked and there are many exchanges which have been hacked or did an exit scam. Now why I am recommending Binance is because they are really a established exchange and never heard of anyone having any problems with them either. There is crypt.com wallet too but i have not used it yet so I do not know how safe it is and how it works although a few colleagues of mine use it and say it is pretty good.

Since you said you only want to store Bluzelle tokens then I suggest you to down their official wallet from the official website because nothing is more safer than a core wallet for keeping the coins because you always control your keys and unless your system is hacked or infected you are very safe.

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October 18, 2020, 04:48:58 AM
 #182

Many types of wallets are available in this crypto space. But when it's come to security the and most of the time is same. It's hardware wallets. Hardware wallets are the safest option available in the market. Very few people have hardware wallets the reason behind it is the price. You have to invest some money to buy a hardware wallet. And other most of the web or application based wallets are absolutely free. I would suggest you if you have some extra money buy a hardware wallet. I is worth investing. That's it.

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October 18, 2020, 06:23:09 AM
 #183

If you talk about safest than I will suggest you to use Ledger Nano S, From here you can buy one https://www.ledger.com . I use blockchain wallet and nowadays most of the time i like to use Trust wallet. It's very easy to use and user friendly also. still, not faced any problem with my blockchain  and trust wallet. everything is fine. but I just use those wallets for my regular use, not for store crypto. for storing bitcoin i personally use the Electrum wallet. for erc20, I like to use myetherewallet.
Seriously mate?you trust more the Electrum than Ledger nano?do you really know what you are doing or just a random thoughts to have posts?
Ledger nano is the safest for storing your coins for long term because remember that "Not your Private ,Not your Coin" so better safe than regret it.
i did not say that electrum is not safe because it is but that i a normal wallet and we need more secure and so far only Ledger can give us now IMO.

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October 18, 2020, 08:09:01 AM
 #184

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October 18, 2020, 12:28:59 PM
 #185

As you mentioned storing crypto on exchanges is always a bad idea, every crypto wallet is as safe as the owner want it to be, even if you are using a hardware wallet, if you expose your private key, any hacker will gladly help you to keep your crypto safe "in his wallet tho" , but if you can keep those private key safe, trust me your crypto will be safe as well, currently I'm using trust wallet which is an online wallet, it's quite safe because no one can access the wallet without my recovery seed or phrase.

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October 18, 2020, 12:40:17 PM
 #186

When you have safe wallet you don't need to fear about your
money because they are well safe in the wallet. Trust wallet is
a reliable wallet where you can keep all your coins and is well safe. Since I started using trust wallet all my altcoin is safe
and I make use of them anytime I want . I think it is a good
thing for every investors to have a good wallet like trust wallet
which is well reliable and trustworthy.

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October 18, 2020, 01:02:24 PM
 #187

There are many Altcoins wallets that can be used and it can be said that security and security are as secure as my etherwallet and trustwallet that is the wallet I use to store the altcoins that I will receive in the bounties I participate in but for me the most secure wallet really altcoins is the trezor wallet that is the most featured in altcoins wallets and is used by investors and hold altcoins with value but this wallet is not free and the price is just majestic but it can be said if it is durable and user friendly this wallet and it is difficult for hackers to access this wallet.
indeed Trezor can be a safe wallet to use for now but the wallet you use must be purchased and cannot be obtained for free, maybe for investors or whales who have a lot of money in cryptocurrency it is very suitable but if for traders who have very limited capital is not very valuable because it requires a large upfront cost even though it provides a very high security assessment.

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October 18, 2020, 01:29:15 PM
 #188

I think cold storage is the safest way,a more economical way is to store the wallet file on several USB sticks,or buy a Ledger wallets but this way it's a little pricey,you also could just write down your private key on paper.Anyway,even though i know cold storage is better,i still store a little bit cryptos on exchange.

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October 18, 2020, 02:00:36 PM
 #189

I think cold storage is the safest way,a more economical way is to store the wallet file on several USB sticks,or buy a Ledger wallets but this way it's a little pricey,you also could just write down your private key on paper.Anyway,even though i know cold storage is better,i still store a little bit cryptos on exchange.
I think online wallets are also safe, as long as you activate all the security features such as Code Authenticator by Phone Number and Apps (Google Authenticator). I'm sure it's very difficult to hack because have to go through 2 walls  Authenticator.  

but, if your money is above millions USD, I agree with you, save it in ledger wallets and other offline wallets.
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October 18, 2020, 05:15:26 PM
 #190

Offline wallets are the best option to save your tokens. But every wallet is safe if you never click on pushing sites and put all your private keys in the safest position. Never share the pc/Laptop or smartphone with friends even family members where you have saved the private keys.

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October 18, 2020, 06:55:10 PM
 #191

I  Dont actually think there is a safe wallet that can assure you of that much security but its also about how much you are saving and keeping your private keys and always make sure you are logged in to the right website and not a clone website, or you can also try using an external wallet
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October 18, 2020, 07:19:08 PM
 #192

You just need to understand that if you follow the Internet and network security, you will have enough MEW and Electrum.

If you have basic security features installed, the most important thing is to carefully monitor your own actions. You should be especially careful about messages about the possibility of incredible enrichment in the near future, as well as security notifications. Very often, scammers simulate a routine check of "suspicious activity" and ask you to dictate the code. In other cases, they can lure you into a referral program, during which you attract other investors, and as a result, you lose all your money.

With proper handling and compliance with the basic rules of working with virtual assets, each user can get a sufficient level of security. The protection of crypto assets can guarantee no less, and sometimes even more, security than funds in banks, since the level of security of digital assets depends only on you.
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October 18, 2020, 07:38:41 PM
 #193

MEW is the best option for cryptocurrencies based on ERC-20 smart contracts.

Mycelium and Electrum both are good if you want to have a hold of your privkeys or generate and experience in-it SegWit.

Trezor and Ledger are best if you have some good amount of crypto on hands and if you can afford to buy these hardware to safeguard your coins (limited ones).

Cryptosteel is good for saving your privkeys on a paper and then keeping that paper safe in chips-type steel boxes.

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October 18, 2020, 09:35:35 PM
 #194

I  Dont actually think there is a safe wallet that can assure you of that much security but its also about how much you are saving and keeping your private keys and always make sure you are logged in to the right website and not a clone website, or you can also try using an external wallet
You made some nice points here mate, I totally agree you, because whether you use a hardware wallet (eg. ledger) or software wallet (eg. trust wallet) , it doesn't really matter which of them you make use of, how you safe guard your seeds or private keys is what really matters, cus if you expose your private keys your crypto will definitely get stolen, and kept safe in another wallet since you failed to safeguard your private keys/seeds.

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October 18, 2020, 09:42:34 PM
 #195

MEW is the best option for cryptocurrencies based on ERC-20 smart contracts.

Mycelium and Electrum both are good if you want to have a hold of your privkeys or generate and experience in-it SegWit.

Trezor and Ledger are best if you have some good amount of crypto on hands and if you can afford to buy these hardware to safeguard your coins (limited ones).

Cryptosteel is good for saving your privkeys on a paper and then keeping that paper safe in chips-type steel boxes.
Nailed it, these wallets are the ones I use for daily and long term transactions. The hot wallet and cold wallet definitions let us separate the coins into two even if possible three wallets in order to get the best security. The worldwide sales suggest buying Nano Ledger but Keepkey and Trezor wallet sales have proven the reliability of the mentioned companies. For daily use and small transactions, I use the Jaxx wallet together with an Atomic wallet.

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October 19, 2020, 12:14:47 AM
 #196

No matter what so called "safest" wallet you're using, it should be paired with a safe device where you installed the wallet and of course, use it with responsibility or else something malicious will get your funds.
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October 19, 2020, 01:24:44 AM
 #197

The wallet become more safe if you protect it and if the wallet is very legit who services people almost years.
Many people are looking for the safest wallet but actually it depends to you on how the wallet become safe also because if you are not responsible to your wallet clicking link, fill up the form who are needed email and password and also not enable a 2fa is high risk of hacking your wallet.
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October 19, 2020, 07:11:53 AM
 #198

Hardware wallets are safer comparing to many others. Trezor and ledger. I use trezor. it doesn't support too many things like neo. But trezor is more user friendly and easy to use for a beginner.
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October 31, 2020, 09:38:05 AM
 #199

If you want to chose a wallet which is safer than normal options available in thr market. I would say hardware wallets are the best option for that. Most of the people don't choose hardware wallet because you have to pay some amount for those. And in other hand normal key based web or software wallets are free. But if you prioritise safety more than costing then you should surely go for hardware wallets. But if you don't have the fund to buy a hardware wallet then I will suggest you to use official announced wallets. And keep the private key on a safe place.

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October 31, 2020, 10:06:58 AM
 #200

1. Go for popular crypto wallets, new wallet can be dangerous
2. Keep your private keys or Mnemonic seed safe and all will be fine
3. Do not share your keys online or store them on cloud services like 4shared, the data can be breached.

I have no problem using coinomi wallet and trust wallet so you should be fine using either one of the two

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