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Author Topic: -what are the best Bitcoin wallets?  (Read 513 times)
raise001
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January 25, 2021, 06:18:25 PM
 #41

One of the most recommended hardware wallets is the Trezor wallet. I could call it my best cryptocurrency wallet. It is a “bulletproof” Bitcoin wallet and is hyper-secure — it supports Windows, Linux, Max and has one of the best Android wallet apps available for cold storage crypto investment.
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January 26, 2021, 02:24:36 AM
 #42

Accourding to me binance is absolutely perfect and safe where anyone can hold all of his funds without the risk of stoleing .
 I personally use binance
but the another wallet which is safe for holding your funds is Coinbase wallet and also blockchain.com

😬

You pretty much just recommended the top exchanges right now(besides Blockhain.com). If you think exchanges doesn't have risks of your funds getting stolen, then you're very, VERY wrong. https://cryptosec.info/exchange-hacks/

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January 26, 2021, 06:51:22 AM
 #43

I kept my Bitcoin on Binance since 2017 and I feel pretty safe. Pretty dumb move but so far have not been hacked. However, the new bullrun is approaching and anything can be expected to happen.
Mightiest have fallen before, so I'd like to play it safe.

what Bitcoin wallets would you recommend for storage? or any other viable solutions?


Not your key, Not your Bitcoin. although Binance is a very trustworthy exchange it's not safe for storing bitcoin. We know Binance also hacked at May 8, 2019 Hackers Steal $40 Million Worth of Bitcoin From Binance Exchange. Here is the link: https://www.bloomberg.com/news/articles/2019-05-08/crypto-exchange-giant-binance-reports-a-hack-of-7-000-bitcoin

I would suggest you use a desktop or mobile wallet for storing your Bitcoin. from here you can choose any Bitcoin wallet: https://bitcoin.org/en/choose-your-wallet Personally I am using a Blockchain wallet for my Bitcoin and I feel safe here. I am also using Trust wallet as a multi-currency wallet.
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January 26, 2021, 10:56:31 AM
 #44

One of the most recommended hardware wallets is the Trezor wallet. I could call it my best cryptocurrency wallet. It is a “bulletproof” Bitcoin wallet and is hyper-secure....


Are you familiar with the vulnerability that this HW has in the sense that it is very easy to hack the same device and steal the seed if someone comes into the physical access of your device? Of course there is protection from that attack, but how many people know about the possibility to set passphrase? Not a single HW is bulletproof, these are just myths for naive people...



Personally I am using a Blockchain wallet for my Bitcoin and I feel safe here.

You use a blockchain.com wallet which is actually an online wallet, so although there is a difference between that service and Binance, I would not keep more than a few hundred dollars in such a wallet. The fact that you feel safe there can only confirm that you do not fully understand the risks arising from services like that.

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January 26, 2021, 06:41:44 PM
 #45

One of the most recommended hardware wallets is the Trezor wallet. I could call it my best cryptocurrency wallet. It is a “bulletproof” Bitcoin wallet and is hyper-secure

Please.. if you don't know what you are talking about, there is not a single good reason to make a post about it.

You are misleading others.

No single form of storage (regardless whether hardware wallet or air-gapped storage) is bulletproof.
Especially the trezor has known hardware vulnerabilities.
I'd recommend you to look it up.

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January 26, 2021, 08:29:52 PM
 #46

As mentioned, I would also recommend both Electrum and Bitcoin Core wallets. Depending on how much BTC you have, you may want to learn about multi-signature wallets too, and running your own full node as well.

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January 27, 2021, 12:42:22 PM
 #47

Bitcoin Core is better option in term of privacy. Unless you run your own Electrum server the client app of the same name  connects to 3-rd parties servers many of which are run by blockchain analytics agencies. That  compromises  both  your wallet's addresses and balances.
Not a fair comparison. Bitcoin Core and Electrum are completely different type of implementations, with one being an SPV while the other is the fully validating wallet. It'd be a skewed comparison because SPV wallets are generally not very good at keeping privacy as compared to fully validating node. There are however, wallets that are focused on privacy and that would actually be a better wallet than Bitcoin Core for privacy. Wasabi Wallet, for example gives the optimum privacy for an SPV wallet with it's built in CoinJoin and Tor, which Bitcoin Core lacks.

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charlesmichel1
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January 28, 2021, 07:06:19 AM
 #48

I use Trezor for long-term storage and Ownr as a wallet for everyday needs.
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February 20, 2021, 03:12:01 PM
 #49

I kept my Bitcoin on Binance since 2017 and I feel pretty safe. Pretty dumb move but so far have not been hacked. However, the new bullrun is approaching and anything can be expected to happen.
Mightiest have fallen before, so I'd like to play it safe.

what Bitcoin wallets would you recommend for storage? or any other viable solutions?
For a larger amount of Bitcoin (assuming that it is really big now since bitcoin is over $50000 now I am recommending hardware wallet such as Trezor and Nano Ledger, I think both of it can hold any coin that is under in any chain (I am not sure about this though) , and be sure you put that hardware wallet in a safe place. Next to it is software wallet, but I don't have prior experience on that thing but some reviews says that it is good. I also have some assets in Binance as well I just make sure that my password is strength with alphanumeric combination and 2FA.

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