About Wallet

[kevinzxz]

Is the Electrum wallet really one of the best recommendation for bitcoin newbie ?
Tell me what is the reason. Currently I am still using an android phone for daily need and browsing this bitcoin forum.

Electrum is indeed the best Bitcoin wallet and I have also used it for a long time, because I think Electrum is very safe and easy to use (since I used it until now I have never had any problems), but I can also recommend you Trust Wallet, because in my opinion Trust Wallet is also very good for storing Bitcoin and in addition to storing Bitcoin, you can also store altcoin on Trust Wallet, so that it doesn't make you need a lot of wallet to store all coin you have, besides that in my opinion Trust Wallet is also very easy to use, because you can download Trust Wallet on Android and iOS, so it allows you to use Trust Wallet anywhere and anytime.

[tabas]

Is the Electrum wallet really one of the best recommendation for bitcoin newbie ?
Tell me what is the reason. Currently I am still using an android phone for daily need and browsing this bitcoin forum.

This shouldn't be an Altcoin Discussion thread. Should be on Electrum child board.

I'm not that technical when it comes to wallet so I am using wallet that can be downloaded on Google Play / Playstore as it is very friendly to use (at least for me) and nothing has had happened to my wallet or phone so far.

Just wondering about what aspect that I'm vulnerable to hackers. Please educate me more on this.

What specific wallet you're using and you've downloaded on Google Play. I'll mind you that many fake wallet apps are all over there.

[Novatech8]

Is the Electrum wallet really one of the best recommendation for bitcoin newbie ?
Tell me what is the reason. Currently I am still using an android phone for daily need and browsing this bitcoin forum.

Most standalone bitcoin wallets are open source, if you can keep your private key safe there won't be a problem, I've heard about Electrum countless times but I have never used this wallet, i use coinomi wallet to keep big amount of Bitcoin since 2017 and nothing happened to my asset till today, this coinomi wallet is closed source as I heard, my advice is keeping your keys safe must be your top priority

[zhea]

I'm not that technical when it comes to wallet so I am using wallet that can be downloaded on Google Play / Playstore as it is very friendly to use (at least for me) and nothing has had happened to my wallet or phone so far.

Just wondering about what aspect that I'm vulnerable to hackers. Please educate me more on this.

What specific wallet you're using and you've downloaded on Google Play. I'll mind you that many fake wallet apps are all over there.

Trust Wallet and I'mtoken to name a few. I make sure that what I downloaded is not fake.

I keep seeing a post that mobile wallet is dangerous but I have used it for almost three years now and I don't have any problem with it.

The only thing I make sure though is I don't connect to public WI-FI which they said is dangerous and that they can hack your phone with it.

[carlisle1]

Is the Electrum wallet really one of the best recommendation for bitcoin newbie ?
Tell me what is the reason. Currently I am still using an android phone for daily need and browsing this bitcoin forum.

If you will only into small Holding ,then electrum is good for you are this is really accessible and easy to use .

But if you are into Bigger activities here in Crypto and wanted a very secure Volt ,then better Use Ledger Over everything.
Aside from never put funds in Exchange for long time ,Ledger is one of the Best place to keep your funds safer.
Remember that Not your Key is not your Bitcoin.

[CryptoLogo]

I use electrum and find this wallet extremely convenient. Its only drawback is that if your system is compromised and an attacker gains access to both the application and the password from the wallet, then he can steal your bitcoins. Plus there is a risk of contracting a virus that replaces the clipboard, but this is already your responsibility.

[mersal]

Is the Electrum wallet really one of the best recommendation for bitcoin newbie ?
Tell me what is the reason. Currently I am still using an android phone for daily need and browsing this bitcoin forum.

For android as well you can use the electrum wallet which is available on smartphone operating systems as well but it is only for bitcoin so for holding multiple cryptocurrencies in android there are some reputed wallet like Coinomi and Trust wallet which are best compared to others still not better like electrum.

[IkonaDro4ku]

Electrum wallet one of the best solutions on the market, many will tell you that they themselves use this. I used it before I bought myself a ledger. The main thing is that you do not store your bitcoins on the exchange.

[rahmatullah9305]

Electrum wallet one of the best solutions on the market, many will tell you that they themselves use this. I used it before I bought myself a ledger. The main thing is that you do not store your bitcoins on the exchange.

Yes, storing Bitcoin on any exchange is a very fatal mistake, because exchanges always have improvements that can sometimes cause losses to our assets, so the solution is better to use the Electrum Wallet or one of these types, because the security is far away better than on the exchange.

[martina14]

My only opinion or assessment regarding about the wallet here in cryptocurrency is that never download any wallet coming from the mobile phone apps, except for Trust wallet, then other than this wallet is not safe anymore and it has a high risk involved too that might danger your phone and all the important stored in your mobile phone anyway.

[blckhawk]

Is the Electrum wallet really one of the best recommendation for bitcoin newbie ?
Tell me what is the reason. Currently I am still using an android phone for daily need and browsing this bitcoin forum.

I would say that Electrum is one of the best wallets I've ever used, through the UI seems kinda old to me but the performance is superb. What I like about this wallet is it is open source and it has no hidden program just like other wallets have. But if you are into safety and you also do have some spare funds you could probably be taking a hardware wallet for better security. Electrum is not limited to your computer but also can be used through your mobile phone giving convenience to the user. However, you should not only stick to a single wallet you could also try to use other trusted wallets maybe that could suit your taste.

[tabas]

I'm not that technical when it comes to wallet so I am using wallet that can be downloaded on Google Play / Playstore as it is very friendly to use (at least for me) and nothing has had happened to my wallet or phone so far.

Just wondering about what aspect that I'm vulnerable to hackers. Please educate me more on this.

What specific wallet you're using and you've downloaded on Google Play. I'll mind you that many fake wallet apps are all over there.

Trust Wallet and I'mtoken to name a few. I make sure that what I downloaded is not fake.

I keep seeing a post that mobile wallet is dangerous but I have used it for almost three years now and I don't have any problem with it.

The only thing I make sure though is I don't connect to public WI-FI which they said is dangerous and that they can hack your phone with it.

The only danger that it brings is when you've downloaded the fake one. But if you're aware of it and you make sure that you're getting the correct and official app, you don't have any problem to think of.
That's the warning why you see that there's a danger in downloading in Google Play because the developers who are only making phishing and fake wallets are rampant there.

[jahepahit]

It's absolutely the best and most recommended for anyone to store BTC. It's an open source wallet and very safe to use. Although its UI is not that top notch but it's very safe and woot give you any issues. Welcome to the family.

[shushu9977]

I am using coinbase more than three years and I have no problem which is also fast and secure my coins. It is a safe and secure for me. Beside, trust wallet is also good which I use.

[tabas]

I am using coinbase more than three years and I have no problem which is also fast and secure my coins. It is a safe and secure for me. Beside, trust wallet is also good which I use.

You may haven't experience any problem with Coinbase but you need to reconsider using them as a cold storage. It is an exchange wallet and if you're just using it for trading, no problem.
But, if you're using it with the purpose of keeping your assets there. Then you're using it the wrong way. Because you haven't experienced having trouble keeping your assets on Coinbase, you're still good but don't wait until that time comes to you.

[lumierre]

Is the Electrum wallet really one of the best recommendation for bitcoin newbie ?
Tell me what is the reason. Currently I am still using an android phone for daily need and browsing this bitcoin forum.

In my opinion, electrum is a convenient blockchain wallet located not on the client's computer, but on a distributed system of servers. Address generation is based on sid, in whole phrases. These phrases are used for recovery if necessary. You can change the commission for an already sent transaction.