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Author Topic: Safest cryptocurrency wallets  (Read 1445 times)
Inkdull
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August 13, 2020, 08:38:55 AM
 #41

Both mobile wallet and hardware wallets aren't safer like paper wallet, paper wallet feature is storing coins offline, this can remain safe for many years to come, as for other wallets you need the internet to make transactions, think about it, paper wallet stands out among the rest

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Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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August 13, 2020, 08:41:03 AM
 #42

I agree that buying a ledger or a trezor would be the best way to keep your coins safe, we are talking about the cutting edge technology that would be the highest end of security, if you think that could be hacked that means everything else could be hacked as well. However I have been using blockchain.com for years now (blockchain.info if you remember it) and I could tell you that they are as legit as it gets as well, I haven't had any troubles with them for the past 8 years and I do not think I will start now.

Not saying they are the safest but they are safe enough that unless you have huge amount of money there to worth the hack, people will not really try to hack you since it is too hard and if you want to achieve something so hard as hacking it, you would want a lot of money, not couple thousand dollars.

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August 13, 2020, 09:02:43 AM
Merited by Gorosden (1)
 #43

In crypto space we have

1. Hardware wallets
2. Mobile wallets
3. Desktop wallets
4. Paper wallets

All these wallets have one thing in common and that's Private keys and Recovery seed, it means you have to keep your keys safe one way or the other, if someone get access to your hardware wallet keys the coins are gone.

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August 13, 2020, 09:07:23 AM
 #44

I agree that buying a ledger or a trezor would be the best way to keep your coins safe, we are talking about the cutting edge technology that would be the highest end of security, if you think that could be hacked that means everything else could be hacked as well. However I have been using blockchain.com for years now (blockchain.info if you remember it) and I could tell you that they are as legit as it gets as well, I haven't had any troubles with them for the past 8 years and I do not think I will start now.

Not saying they are the safest but they are safe enough that unless you have huge amount of money there to worth the hack, people will not really try to hack you since it is too hard and if you want to achieve something so hard as hacking it, you would want a lot of money, not couple thousand dollars.
You're right! Every method of storing has risks. Therefore, there is no safest way to store our money. There is several methods, though, I think it's suitable for each different person with different intentions. I prefer using blockchain wallet. I'm aware that it can be hacked, though, I think the same as you. Hackers will not target in something that too small. Furthermore, I don't have the habit to store my money in one place for too long!

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August 13, 2020, 09:08:06 AM
 #45

I chose hardware wallet and paper wallet as the most secured way to safe guard your coins and tokens, for everyday users mobile wallets are the best option but keeping your private keys safe in a safe location is on you, that's something you need to figure out yourself

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August 13, 2020, 09:19:53 AM
 #46

Cryptocurrencies can be kept online or offline. If the cryptos are kept on the exchange platforms or other online platforms, it can be lost due to hacks.

So it is important to choose the best wallets that are safe and secure. Please help me in choosing the safest cryptocurrency wallets
I think there's a lot of available cryptocurrency wallets out there in online or offline form, for offline wallet I recommend such as ledger and Trezor hardware wallet is the most secure while in online multi-coins crypto wallet, such as Imtoken, Magnum, and Trust wallet is my own choice because I've been using it for a long time already. so I testify that its safe so far.
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August 13, 2020, 09:26:05 AM
 #47

As long as you can keep your private key safe, I believe you will always be safe in this market. Currently the wallets do a great job of security and no one can attack them. I also use Coinbase and it's extremely safe and convenient
I don't know how your funds are still safe if you use coinbase only. Its rather more safe to use at least a pair of non custodial online wallet and a cold storage/properly set up paper wallet.
But Coinbase is neither of these, so imo your way of holding crypto is not an option for me.
I'd rather recommend crypto newcomers to buy cold storage right away or if you want to test out crypto with small amount of money it would be more convenient to use safe online one.
My personal choices are coinomi, trust, exodus or fancier but greener ones ownr, electrum.
But at the end of the day its not a recommendation, you do own research and that is the only way to do it right.

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August 13, 2020, 10:34:32 AM
 #48

Cryptocurrencies can be kept online or offline. If the cryptos are kept on the exchange platforms or other online platforms, it can be lost due to hacks.

So it is important to choose the best wallets that are safe and secure. Please help me in choosing the safest cryptocurrency wallets

If you hold popular coins, there are already many platforms that can be used to hold coins. However if you only hold Ethereum tokens, I think MEW is the best. If you hold Bitcoin, Blockchain.com is the right choice, if you use the Bitcoin Core wallet of course you need to sync all the time. If you hold Tron tokens, then TronLink is a place you can use to hold Tron tokens. It will be safer and the cost is also very low. I think if you have any tokens or coins for you to hold, then keep them in an official wallet. It's safer and more profitable. Another hope that using the official platform is that you will get a share if the Airdrop is launched at any time. Grin
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August 13, 2020, 11:30:13 AM
 #49

Cryptocurrencies can be kept online or offline. If the cryptos are kept on the exchange platforms or other online platforms, it can be lost due to hacks.

So it is important to choose the best wallets that are safe and secure. Please help me in choosing the safest cryptocurrency wallets
Nano ledger or trezzor is now proven to be safe for storing coins, I have been using the nano ledger for 2 years and all my assets are safe until now from hacking. Do not risk your assets to be deposited on an exchange or in an online wallet because the risk of hacking is very high

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August 13, 2020, 11:42:48 AM
 #50

Cryptocurrencies can be kept online or offline. If the cryptos are kept on the exchange platforms or other online platforms, it can be lost due to hacks.

So it is important to choose the best wallets that are safe and secure. Please help me in choosing the safest cryptocurrency wallets
Nano ledger or trezzor is now proven to be safe for storing coins, I have been using the nano ledger for 2 years and all my assets are safe until now from hacking. Do not risk your assets to be deposited on an exchange or in an online wallet because the risk of hacking is very high

With a higher possibilities that your investment can be hack once you left it stored from exchange wallets, it's better to have a good hardware wallet especially if you have huge amounts of assets. 
Investing with good and reputable hardware wallet to ensure your securities, you have your private keys and you can place or use
it with a much safer devices.
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August 13, 2020, 11:53:23 AM
Last edit: August 13, 2020, 12:04:49 PM by Henrytrust
 #51

There are several types of wallets, we have the Web wallet, paper wallet, android and other phone wallets. In my opinion, the safest wallet is the paper wallet. This wallet  is stored offline and requires a great deal of effort to unlock. That explains why people barely use the paper wallet.
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August 13, 2020, 02:42:35 PM
 #52

In my experience, hardware wallets like Ledger, Trezor, keepkey etc. are the most secure. because I use Trezor as the main wallet to store my crypto assets. For some other wallets that are installed on the device and it is even more economical and even free to install Electrum. Electrum has good security to make your personal wallet and of course free. However, it should be noted, the device you are using must be safe and protected from malware, ransomware or other malicious viruses.
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August 13, 2020, 03:00:43 PM
 #53

From my understanding of wallets, you can get your wallet to safety, if you're in charge of your private key and mnemonic phrase. Every wallet that gives you this option can be said to be safe. But the safety is limited to your ability to keep your private keys safe. There are several wallet that gives us access to our private keys, the Web wallet, mobile wallet, paper wallet and every other wallet can be compromised when the wrong person gets access to the right information.
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August 13, 2020, 03:02:26 PM
 #54

First of all what kind of currency you are talking there are different types of wallets available.

For bitcoins I always prefer blockchain.info because it is the oldest and I have full control over my coins and my private key.

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August 13, 2020, 03:04:34 PM
 #55

Cryptocurrencies can be kept online or offline. If the cryptos are kept on the exchange platforms or other online platforms, it can be lost due to hacks.

So it is important to choose the best wallets that are safe and secure. Please help me in choosing the safest cryptocurrency wallets

just buy a hardware wallet, personally i use ledger nano S
and its safe, because we need to push the confirmations button in our hardware wallet to send our cryptocurrency

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August 13, 2020, 03:09:36 PM
 #56

The safest cryptocurrency wallet, for now, is only the hardware wallet that is Ledger and Trezor. Now, these wallets are also coming with their upgraded version. From Ledger one new variant is now out that is Ledger Nano X which can install up to 100 crypto wallets at a time. You also use it on the go by your mobile connecting via Bluetooth. IF you can not afford to purchase these wallets which are required almost $200 then you can use MEW mobile wallet for the storing of the ERC20 coin.

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August 13, 2020, 03:21:30 PM
 #57

Cryptocurrencies can be kept online or offline. If the cryptos are kept on the exchange platforms or other online platforms, it can be lost due to hacks.

So it is important to choose the best wallets that are safe and secure. Please help me in choosing the safest cryptocurrency wallets
Any wallet that you keep the private key that means is safe. For bitcoin I suggest electrum, for ethereum and token is MEW, for multicurrensy is trustwallet. This is free and I think enough for newbie. But if you have more money hardware wallet is so recommended

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August 13, 2020, 03:32:40 PM
 #58

Almost all active wallets are safe, as long as you keep your computer safe and private keys very carefully. I believe you will never have security issues with it
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August 13, 2020, 04:12:04 PM
 #59

Almost all active wallets are safe, as long as you keep your computer safe and private keys very carefully. I believe you will never have security issues with it
it is also very important to always check the link to the site through which you enter. very often people catch up on phishing sites and lose their security keys

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August 13, 2020, 04:19:25 PM
 #60

Any wallet that you keep the private key that means is safe. For bitcoin I suggest electrum, for ethereum and token is MEW, for multicurrensy is trustwallet. This is free and I think enough for newbie. But if you have more money hardware wallet is so recommended
Hi bro, i think better if you also send the link about the wallet, not just a message. Not all people expert here
Electrum https://electrum.org/
MEW https://www.myetherwallet.com/
Trustwallet https://trustwallet.com

it is also very important to always check the link to the site through which you enter. very often people catch up on phishing sites and lose their security keys
Yes, many people think open official website but they open phishing sites. I think bookmark is a simple solution for this



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Rainbot
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