Ask about The Best Wallets for Bitcoin ?

[virasog]

Which Bitcoin wallet is the best?

If you only need to store bitcoin, then Electrum wallet is the best in my opinion. I have installed desktop wallet on my laptop and it works perfectly.
When you need to choose a wallet, go for a software wallet plus make sure it is open source as well.

Electrum has a mobile version too. He already talked about it though he had emphasis on the desktop version but the mobile wallet is equally good.

I have used Electrum wallet on my mobile phone, but i do not like the mobile version of Electrum. Also, it does not have all the features which the desktop version possesses.

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[gunhell16]

Which Bitcoin wallet is the best?

As long as you put the private key password or seed phrase in a safe backup. Since I don't have a hardware wallet wallet even if I bought a Nano or Trezor, I only use Electrum.

So far I can still used it without facing any problems. So sometimes I wonder about other Electrum users who complain because they say their account was hacked. But for me, it's proven and tested.

[NotATether]

For mobile, I recommend BlueWallet (if lightning custody isn't a concern) and Zap if you want a wallet that focuses on lightning (and if lightning custody is a concern).

I'd just use Blockstream Green. Even though that doesn't have Lightning support, it *does* have multisig support (and also features the Liquid network if you're the odd person who even uses it).

[Lida93]

Which Bitcoin wallet is the best?

Just like other users have earlier said, there are lots of wonderful Bitcoin wallets ranging from software wallet to hardware wallets, so it all depends on what you're looking for.
Here's a thread I came across on the forum the enlists some good number of bitcoin wallets. check this https://bitcointalk.org/index.php?topic=5282364.0

[Pmalek]

As long as you put the private key password or seed phrase in a safe backup. Since I don't have a hardware wallet wallet even if I bought a Nano or Trezor, I only use Electrum.

It's not just about storing your private data appropriately, it's also about how it was generated in the first place. A malware-infected computer with Electrum installed as a hot wallet is less secure than an airgapped computer where Electrum is used as a cold wallet. It's the same software, but used differently and in different environments.

So far I can still used it without facing any problems. So sometimes I wonder about other Electrum users who complain because they say their account was hacked. But for me, it's proven and tested.

Just because you don't have problems today doesn't mean you won't have them in the future if you slip up and make a mistake. Your hot wallet holds the signing keys to your crypto and they can get stolen.

Saying I don't understand why some people complain about Electrum and losing their coins when it never happened to me is like saying you don't understand why some people complain they have health issues due to years of smoking when you have smoked for decades and nothing happened. Be glad that it didn't, but don't get too comfortable. Your coins only need to get stolen once.   

[gunhell16]

Just because you don't have problems today doesn't mean you won't have them in the future if you slip up and make a mistake. Your hot wallet holds the signing keys to your crypto and they can get stolen.

You are right dude in what you said, and I may also be wrong in what I said, and thank you very much because at least you gave me a little bit of a situation that could happen in the future as well.

Saying I don't understand why some people complain about Electrum and losing their coins when it never happened to me is like saying you don't understand why some people complain they have health issues due to years of smoking when you have smoked for decades and nothing happened. Be glad that it didn't, but don't get too comfortable. Your coins only need to get stolen once.   

You're also right here and I'm also a bit wrong that we shouldn't be too comfortable because we don't know what can happen in the future.

[letteredhub]

I can't really say as  but in my own case I use electrum wallet which is very much convenient and easy for me as a beginner. You can try it too for yourself.

[zaki12]

Which Bitcoin wallet is the best?

A good bitcoin wallet should first choose a wallet from a trusted and reputable provider that can provide a better level of security. I have used Electrum so far it is safe, what matters is how carefully we keep the correct seed phrase.

So far I can still used it without facing any problems. So sometimes I wonder about other Electrum users who complain because they say their account was hacked. But for me, it's proven and tested.

Actually, even if the wallet has a good security factor, there is still no guarantee that it cannot be hacked. if the user does not take appropriate security measures, such as keeping the seed phrase, password secret, not installing suspicious software, and avoiding actions that may invite security risks. If this is not fulfilled, no matter how good the wallet is, there will definitely be more people who will complain.

[virasog]

Which Bitcoin wallet is the best?

A good bitcoin wallet should first choose a wallet from a trusted and reputable provider that can provide a better level of security. I have used Electrum so far it is safe, what matters is how carefully we keep the correct seed phrase.

If you do not have a lot of funds, the electrum wallet will be the safest and the best bitcoin wallet. Also if you want to store large amount of bitcoin you may go for the hardware wallets. Some people have very little money and still they opt for hardware wallets. Anyways it is their choice.

So far I can still used it without facing any problems. So sometimes I wonder about other Electrum users who complain because they say their account was hacked. But for me, it's proven and tested.

Actually, even if the wallet has a good security factor, there is still no guarantee that it cannot be hacked. if the user does not take appropriate security measures, such as keeping the seed phrase, password secret, not installing suspicious software, and avoiding actions that may invite security risks. If this is not fulfilled, no matter how good the wallet is, there will definitely be more people who will complain.

The Secuity of the wallet lies in our own hand. In case of Electrum wallet, we should download and install the wallet from the official site. Before installing we should verify the GPG signatures so we know that file we downloaded has been signed by the real owner. This is useful because if the official electrum site is compromised and the hacker replaced his version of electrum on the page, you will get a signature mismatch error. Although this process is a bit complicated, but it is worth spending the time on it and save yourself from any trouble.