Store my Crypto what is best?

[RashidulIR]

Hi, I am new in Crypto I bought some crypto like Bitcoin, Doge, Shib and Eth hold for 2-5 years so now my question is where I store those token, I have Binance account but I don’t want to store my crypto in exchange so can I store in Software wallet or hardware wallet, I think hardware wallet is best because it’s store my token offline right?

Suggest me. I know something bot not everything.

[Charles-Tim]

Lists of Open Source Hardware Wallets

Learning more about wallet
[General] Bitcoin Wallets - Which, what, why?

One of the best is to go for open source hardware wallet like Trezor, or go for open source ones that are airgapped like Keystone or Passport hardware wallets.

I have before preferred BitBox02 which is also supporting many cryptocurrencies, it is open source and also have secure element but it is supporting AOPP which is against privacy. Trezor did that IIRC but later they removed it as Trezor users have negative reaction about it.

It also depends on the technical knowledge you know about wallets. Some bitcoin enthusiasts prefer wallet on airgapped devices, just like Electrum cold storage.

[RashidulIR]

Lists of Open Source Hardware Wallets

Learning more about wallet
[General] Bitcoin Wallets - Which, what, why?

One of the best is to go for open source hardware wallet like Trezor, or go for open source ones that are airgapped like Keystone or Passport hardware wallets.

It also depends on the technical knowledge you know about wallets. Some bitcoin enthusiasts prefer wallet on airgapped devices, just like Electrum cold storage.

Sir, I went to buy SafePal hardware wallet is it good or bad? My friend suggested me SafePal but I don’t know it’s good or bad do you use SafePal hardware wallet?

[Charles-Tim]

Sir, I went to buy SafePal hardware wallet is it good or bad? My friend suggested me SafePal but I don’t know it’s good or bad do you use SafePal hardware wallet?

Safepal is close source. Its secure element is close source, its software is close source, you can not use it with other wallet software like Electrum which is open source. Only on mobile, no desktop app available. I can not recommend this kind of wallet. I do not think the wallet still support multisig and many other features that would have been possible if it can be used with wallets like Electrum, but limited to only its own close source mobile app software.

[RashidulIR]

Sir, I went to buy SafePal hardware wallet is it good or bad? My friend suggested me SafePal but I don’t know it’s good or bad do you use SafePal hardware wallet?

Safepal is close source. Its secure element is close source, its software is close source, you can not use it with other wallet like Electrum which is open source. Incan not recommend this kind of wallet.

Ok so please suggest me good one, I will buy it, If you have references. Thank you 🙏

[Charles-Tim]

Ok so please suggest me good one, I will buy it, If you have references. Thank you 

For more coin support, Trezor Model T is not bad at all except that it does not have a secure element which make a physical attack that can reveal its seed phrase possible, but the use of passphrase while generating the keys and addresses on the wallet will make this attack impossible because as passphrase is added, new keys and addresses are generated which is different from if only seed phrase is used to generate the keys and addresses. But it is very important to note that if passphrase is used, both seed phrase and the passphrase would be required for wallet recovery. So you will have to protect your passphrase seperately backup just like your seed phrase in different locations.

[Cookdata]

Ok so please suggest me good one, I will buy it, If you have references. Thank you 🙏

Suggestions have been made for you on his first reply or better still click this [UP]
Make sure it is a hardware wallet, open-source and properly back up your seed phrase, you can also add a passphrase for additional security so that even if someone tries to get into your wallet with just a seed phrase, they wouldn't see anything but don't just depends on that, make sure seed phrase is properly secured in a safe place from where anyone cannot have access.

[RapTarX]

First of all, never use an exchange for holding coins long time. Otherwise, you wilk regret in future. There can be a lot of changes in the exchange rules/policy, they may shut down etc.
I would strongly recommend you to use a hardware wallet. These days, it's easier to get one & use. You will have the full control over your fund along with maximum safety.

[DeathAngel]

Hardware wallets are a good option (Trezor or Ledger). Bitcoin QT is a good option to store your bitcoin, you can encrypt your wallet. Paper wallets are good too, there are positive & negative aspects to all options I described. DYOR & decide what works best for you. The main thing is do not leave crypto on exchanges for too oong, do not store crypto on any online wallet where you are not the sole private key owner.

[DVlog]

Hardware wallets are a good option (Trezor or Ledger). Bitcoin QT is a good option to store your bitcoin, you can encrypt your wallet. Paper wallets are good too, there are positive & negative aspects to all options I described. DYOR & decide what works best for you. The main thing is do not leave crypto on exchanges for too oong, do not store crypto on any online wallet where you are not the sole private key owner.

A hardware wallet is the best option but you can not buy it from a place where crypto is not legal yet. Also, it requires a desktop device to operate and most users use mobile phones to manage their crypto wallets. So it will be better to suggest a wallet that is available on mobile phones also trustworthy. I am using trust wallet since its creation time and I can say it's one of the best multi-wallet for mobile users.

[Dunamisx]

Hi, I am new in Crypto I bought some crypto like Bitcoin, Doge, Shib and Eth hold for 2-5 years so now my question is where I store those token, I have Binance account but I don’t want to store my crypto in exchange so can I store in Software wallet or hardware wallet, I think hardware wallet is best because it’s store my token offline right?

Suggest me. I know something bot not everything.

Hardware wallet is often than not advisable for use especially when you need to hodl your coins, why is because you have control over your coins with the keys in your hands while the risk associated with using it is lesser than hot wallets closed source which are liable for an attack than cold storage, i have some of the well reputable wallets i will advise you to go for:
Metamask
Ledger Nano X
Electrum

[Rikafip]

most users use mobile phones to manage their crypto wallets.

I seriously doubt that, or to be more precise I hope it's not true.

So it will be better to suggest a wallet that is available on mobile phones also trustworthy. I am using trust wallet since its creation time and I can say it's one of the best multi-wallet for mobile users.

Having a mobile phone wallet as your main one where you store majority (or all) of your crypto is a very bad idea and I wouldn't suggest it to anyone. Personally, for me mobile phone wallet only serves as a sort of hot wallet where I have no more than few hundreds of dollars worth of crypto at any given time.

[suzanne5223]

You make a good decision when you're planning not to store your crypto for years on exchange but you also need to educate yourself with the Do's and Dont's if you're going to save the crypto on a noncustodial wallet since you're newbies.
I will recommend you use a hardware wallet but make sure you buy it from an official vendor

[RapTarX]

A hardware wallet is the best option but you can not buy it from a place where crypto is not legal yet. Also, it requires a desktop device to operate

Why? I mean why someone can't buy where crypto isn't legal yet. I guess there should be no problem. & there are at least a few hardware wallets which can work with mobile device. You don’t need desktop. You can sign in & release tx from the help of your mobile device as well.

[sheenshane]

A hardware wallet is the best option but you can not buy it from a place where crypto is not legal yet. Also, it requires a desktop device to operate

Why? I mean why someone can't buy where crypto isn't legal yet. I guess there should be no problem. & there are at least a few hardware wallets which can work with mobile device. You don’t need desktop. You can sign in & release tx from the help of your mobile device as well.

I tend to agree, you can have a secure wallet through an air-gapped wallet using your mobile device and never connect to the internet.
Another one is Electrum wallet, but I suggest using a PC version app because it is safe than the mobile app.  There are too many wallets that are safe if you can't buy a hardware wallet in your local store or if it's illegal in your place but study it first on how to store safely and how to keep your private key safe and never disclose to anyone.

But anyway, does OP wants to keep his token for the long term?  Is that right what I've read?
That's not good because a token is very risky to hold for a long term, just Bitcoin for a long term holding.

[sunsilk]

Good decision of not keeping it on Binance, it's never been advisable to store your crypto there if you're planning 2-5 years of not spending it.

You know what you're doing OP and you're aware that hardware wallets are a good option to store for that long.

Ledger Nano X

A ledger wallet is also what I've got but not an X version. It's known for having a lot of bugs but I don't know if they get to fix most of those bugs that has been existing on that version.

[GeorgeJohn]

Hi, I am new in Crypto I bought some crypto like Bitcoin, Doge, Shib and Eth hold for 2-5 years so now my question is where I store those token, I have Binance account but I don’t want to store my crypto in exchange so can I store in Software wallet or hardware wallet, I think hardware wallet is best because it’s store my token offline right?

rightful suggestions has been given to you from the above opinion, i understand that saving your currency within the angle or domain of blockchain is not encouraging, because i think it can be easily be review or seen, so giving you my suggestion in the respect of the wallet that can withhold your coin for long period, i recommend electrum wallet as slightly best wallet.

[Charles-Tim]

i recommend electrum wallet as slightly best wallet.

Electrum is open source wallet, having several features like address freeze, coin control (able to spend certain inputs of your choice), multisig, change address etc, but according to OP, he wants to hold for long term, even if want to use Electrum to hold bitcoin, using an online wallet for it is not advisable at all, he can make use of Electrum cold storage, but if he wants to hold some altcoins too which should be a good reason to go for a reputed hardware wallet.

[Pterosaur]

I'm not sure that Electrum wallet supports Shiba and other tokens but this is the best wallet for BTC if you can't afford any hardware wallet, I do wish that Electrum wallet brings a multi chain open source wallet to all crypto adopters some day because currently there is none, all multi chain wallets are closed source.

[RashidulIR]

Good decision of not keeping it on Binance, it's never been advisable to store your crypto there if you're planning 2-5 years of not spending it.

You know what you're doing OP and you're aware that hardware wallets are a good option to store for that long.

Ledger Nano X

A ledger wallet is also what I've got but not an X version. It's known for having a lot of bugs but I don't know if they get to fix most of those bugs that has been existing on that version.

Thank you everyone for help me and suggested me, All of your suggestions and personally my research to find some hardware wallet I have discussed i will buy Ledger Nano X hardware wallet. I show some videos in YouTube about Ledger Nano X. I think it’s perfect for me, and it is easy to use. Thank you everyone.