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Author Topic: Crypto Wallet  (Read 355 times)
Agbe (OP)
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December 16, 2021, 07:01:53 AM
Merited by philipma1957 (1)
 #1

How can I get Crypto wallet and deposit money in the wallet?
 

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December 16, 2021, 07:22:34 AM
Merited by DdmrDdmr (4), Upgrade00 (2), BlackHatCoiner (2), hosseinimr93 (1)
 #2

You can get yourself a reputed bitcoin wallet like Electrum. You can download it from https://electrum.org and verify its signature. Hardware wallets and other cold wallets are most secure. But security and safety also depends on you (how you are using the wallet). Make sure you avoid malware.

Fir privacy. You can buy bitcoin directly using direct p2p. Like on this forum, making a thread about it on currency exchange , making use of a reputed escrow service for not to get scammed. And be careful of scammers.

For privacy. You can make use of decentralized exchange like:


For privacy-depriving option (no privacy). You can make use of custodial exchange like:

  • Binance
  • Coinbase



Bitcoin Wallets - Which, what, why?
Open Source Hardware Wallets

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December 16, 2021, 08:29:41 AM
 #3

Ive been using a for a year is electrum also you can use this on your PC and even to your android phones because they have their own application to play store, still its better to visit their legit website.
Code:
https://electrum.org/#download

If you are looking for a hardware wallet I recommend the use of the Trezor or Ledger too. If you want to use an exchange binance is ideal but not recommended to store your funds.

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December 16, 2021, 12:09:29 PM
 #4

How can I get Crypto wallet and deposit money in the wallet?
This is a good website[1] to start with your crypto journey. Best way to start is to have your own bitcoin wallet. It's teaching you the step by step process on how to get started on owning a bitcoin wallet and how to have and purchase it.
[1] https://bitcoin.org/en/

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December 16, 2021, 02:02:29 PM
 #5

How can I get Crypto wallet and deposit money in the wallet?
 
Since you are asking a crypto wallet and I assume not only a bitcoin wallet but a wallet that supports different kinds of crypto including btc, eth, doge, etc. then I will suggest this wallet https://trustwallet.com/ , It is one of the most trusted and widely used wallet today but currently as of now it only supports apple and android phones.

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December 16, 2021, 02:31:32 PM
 #6

Since you are asking a crypto wallet and I assume not only a bitcoin wallet but a wallet that supports different kinds of crypto including btc, eth, doge, etc. then I will suggest this wallet https://trustwallet.com/ , It is one of the most trusted and widely used wallet today but currently as of now it only supports apple and android phones.
In addition that's wallet is closed source and it's not good to store high amount money, we don't know how reliable and trusted the code it is. I'd recommend to use it only for small money and use it for daily life, other than that there's no reason to have it.

Hardware wallet only cost you $50-$100, better to use that than closed source one.

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December 16, 2021, 03:34:02 PM
 #7

Since you are asking a crypto wallet and I assume not only a bitcoin wallet but a wallet that supports different kinds of crypto including btc, eth, doge, etc. then I will suggest this wallet https://trustwallet.com/ , It is one of the most trusted and widely used wallet today but currently as of now it only supports apple and android phones.
In addition that's wallet is closed source and it's not good to store high amount money, we don't know how reliable and trusted the code it is. I'd recommend to use it only for small money and use it for daily life, other than that there's no reason to have it.

Hardware wallet only cost you $50-$100, better to use that than closed source one.


But for a beginner I would say no for going to hardware wallet because if he is buying the wallet not from official website then there is a chance that it is already compromised so before knowing all these things the newbies money will be in the hands of a scammer so better start small and from the trusted wallets and once we become familiar and understand what we are doing then we can buy huge amount of cryptocurrency and hardware wallet to store them.









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December 16, 2021, 06:59:21 PM
 #8

How can I get Crypto wallet and deposit money in the wallet?
 
Since you are asking a crypto wallet and I assume not only a bitcoin wallet but a wallet that supports different kinds of crypto including btc, eth, doge, etc. then I will suggest this wallet https://trustwallet.com/ , It is one of the most trusted and widely used wallet today but currently as of now it only supports apple and android phones.
Yeah. Crypto wallet connotes some general purpose wallet just like the exchanges and Trustwallet us one wallet that could do that. Having wallet addresses for varying coins, along with there smart chains to look out for. Though how secure it is, is questionable being a closed source wallet. To go a lot more private, get a wallet that comes with a private key and specific for a coin, like the electrum or mycelium wallet that is all and only for bitcoin. It would serve you more better.

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December 16, 2021, 08:46:55 PM
Merited by pooya87 (2)
 #9

How can I get Crypto wallet and deposit money in the wallet?
 
Since you are asking a crypto wallet and I assume not only a bitcoin wallet but a wallet that supports different kinds of crypto including btc, eth, doge, etc. then I will suggest this wallet https://trustwallet.com/ , It is one of the most trusted and widely used wallet today but currently as of now it only supports apple and android phones.
That's a close source wallet I will not recommend either.

If you have assets, it would be better if you will separate your bitcoin to your altcoins, much safer if you will use a single wallet that is for the bitcoin only.
I agree with the above, Electrum is still the best one if you can't afford to buy a hardware wallet which is really good if you have this one.

If that is a small amount, better to use Electrum but if that's a huge amount and I doubt you can buy a hardware wallet which is far better than Electrum as long as it is an open-source wallet.
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December 16, 2021, 08:55:00 PM
 #10

The OP, I'm pretty sure Charles-Tim has all the answers you need regarding wallets. I recommend Electrum if you don't want to buy a hardware wallet, but if you have a large amount of bitcoins then a hardware wallet is one of the best for you.

The use of the wallet depends on your needs, if you want to stay safe then make sure you make proper efforts to implement the recommended security practice. I only advise you not to entrust all your funds to a custodial wallet, it is very risky for the safety of your own funds. Owning bitcoins is how you have the bank in your own hands, so make sure you choose a completely secure wallet for it.

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December 16, 2021, 09:53:21 PM
 #11

I'd suggest a hardware wallet if you plan on some long-term investing. If you are buying hardware, look into getting a used one if possible. But even if you pay full price, you won't regret it, security is not a thing you want to be cheap with. I can attest from personal experience that the Ledger Nano-S is a great product. But that's old technology and I am sure newer versions are better.

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December 17, 2021, 02:25:49 AM
 #12

u can start buy and hold in exchange wallet but most people wouldn't recomend that, so if u purpose buy and hodl for long term try using external wallet with private key on it like trustwallet, safepal metamask

and how to transfer it u can see bunch of tutorial on youtube

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December 18, 2021, 07:18:19 PM
 #13

How can I get Crypto wallet and deposit money in the wallet?
 
If you plan to trade daily it's better to use mobile wallet like trust wallet or metamask mobile wallet for faster transfer but if you want to be a long term holder it's better to buy hardware Wallet and they are the best
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December 18, 2021, 07:31:56 PM
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 #14

How can I get Crypto wallet and deposit money in the wallet?
 

In case you are interested in purchasing a hardware wallet like Ledger, Trezor or KeepKey, here is a list of all hardware wallets: [BIG LIST] Hardware wallets (80+) (thanks to Ratimov). However, I'm not sure if it's still up to date with the latest models. Hardware wallets are considered the most secure, as they store a user's private keys securely and never expose them to the internet or to any other third parties.

R


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December 19, 2021, 12:40:02 AM
 #15

How can I get Crypto wallet and deposit money in the wallet?
 
About your question, I believe you are new to cryptoactives. By the way, welcome!  Smiley

As previously mentioned by other users, one of the best ways to buy crypto is p2p, dex and exchanges.

Regarding the wallet to store your bitcoins, I believe the Electrum is an excellent option, it is a good quality wallet and has several interesting features!
there are hardware wallets, which are physical wallets, and are one of the best ways to store your crypto.

I almost forget to share, there is the "official Bitcoin site" where he makes a comparison of the wallets that currently exist on the market, I believe this can be useful  Smiley
https://bitcoin.org/en/choose-your-wallet?step=5


ps: some advice, don't store your funds at exchange wallet.
"not your keys, not your bitcoins".

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December 20, 2021, 11:53:50 AM
 #16

How can I get Crypto wallet and deposit money in the wallet?
 

It all depends upon your requirements. For hardware wallet Ledger Nano & Trezor are the best wallets.
I have personally used them both and never faced any issues. But if you are willing for marketplace I would only recommend you Binance.
As it's the safest & trusted market place I have seen.
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December 20, 2021, 03:14:45 PM
 #17

But if you are willing for marketplace I would only recommend you Binance.
As it's the safest & trusted market place I have seen.
No, I still don't. 
Even how trusted Binance is and how popular the name is with this exchange platform but I still don't choose to store my coins there.  They'd once hacked and there's no safe platform when we're talking about centralization.  It's better to always have full control over your private key which means you have your own crypto.

As mentioned above, the most common use Bitcoin wallet is Electrum which is totally free, but don't forget to verify it first before you will install and prefer to the official that dropped the link above.  If you can't afford to buy Bitcoin wallet, choose those open-osurce wallets but if you have extra money, I would go on hardware wallets which is totally safe.

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December 21, 2021, 02:37:01 PM
 #18

But if you are willing for marketplace I would only recommend you Binance.
As it's the safest & trusted market place I have seen.
It is not about how safe p2p trading is, it is about teaching of how to avoid being scammed. So, are you implying that someone can not be scammed on binance p2p trading platform? You are wrong about this.

That aside, also know that some people that are privacy oriented will never go for a centralized p2p exchanges, they will prefer https://bisq.network/ and other reputed decentralized exchanges.

Even how trusted Binance is and how popular the name is with this exchange platform but I still don't choose to store my coins there.  They'd once hacked and there's no safe platform when we're talking about centralization. 
Centralized exchanges should not even be trusted, like you implied, any centralized exchanges can be hacked, even if coins are not stolen, how about stolen data that can indirectly be used in phishing attacks.

It's better to always have full control over your private key which means you have your own crypto.
What you meant is to have full control over ones coin by making use of noncustododial wallets, that noncustododial wallet l will generate private key which can be used to unlock coins from blockchain directly rather than depending on centralized wallets and exchanges that gives no private key, which means no full control. The centralized wallets and exchanges have the keys and have the full control. So even the centralized wallets and exchanges and other centralized service providers do not give their users private key, so users have no full control over their own coins.

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December 21, 2021, 03:08:43 PM
 #19

It all depends on what you want to do with your wallet. Personally, having a hardware wallet, a hot wallet, and an exchange is sufficient as long as you understand the do's and don'ts of these types of wallets.

If you have a large amount of crypto in your stash and plan to hold it for a long time, it is important that you have  at least one hardware wallet, such as a trezor/ledger/coldkey, etc. You can also integrate these HW's into Electrum if you want

If you're only going to use the wallet for day-to-day spending, Bluewallet will suffice, assuming you're only holding bitcoin and no other altcoins. Can be downloaded on playstore or applestore.

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December 21, 2021, 05:19:53 PM
 #20

I only suggest wallets that is known and used by many like what people mentioned above. Don't ever make a try to those new random websites, google can give you every questions you ask, just make a proper keywords though.

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