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Author Topic: What is a good wallet I can use to store Bitcoin?  (Read 544 times)
KiaKia
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March 17, 2023, 10:04:47 PM
 #61


Plenty of free options to choose from..

Best crypto wallets in 2023

If you don't have a lot of funds to store, you can just go with one of the mobile wallets on there.

If you have a relatively high amount though, scrape the money together and get yourself a hardware wallet (a basic nano s is fine)

Watch the video on there.. John Mcafee explains why mobile wallets can be vulnerable. It wasn't until I heard his explanation that I fully understood why hardware wallets are superior.
This list consists of Trust wallet, Atomic wallet and Exodus wallet, but I believe that Electrum wallet is better than what you have on this list, aside from the hardware wallet Trezor and Ledger, you don't even have to buy hardware wallet like @Serveria.com said, if you can keep your recovery seed safe you won't run into any problem, I have been using Electrum wallet for a very long period of time and no single issue.
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March 17, 2023, 11:55:09 PM
Last edit: March 18, 2023, 12:05:53 AM by AmoreJaz
 #62


Plenty of free options to choose from..

Best crypto wallets in 2023

If you don't have a lot of funds to store, you can just go with one of the mobile wallets on there.

If you have a relatively high amount though, scrape the money together and get yourself a hardware wallet (a basic nano s is fine)

Watch the video on there.. John Mcafee explains why mobile wallets can be vulnerable. It wasn't until I heard his explanation that I fully understood why hardware wallets are superior.
This list consists of Trust wallet, Atomic wallet and Exodus wallet, but I believe that Electrum wallet is better than what you have on this list, aside from the hardware wallet Trezor and Ledger, you don't even have to buy hardware wallet like @Serveria.com said, if you can keep your recovery seed safe you won't run into any problem, I have been using Electrum wallet for a very long period of time and no single issue.

electrum is free and lightweight. no need of large hard disk space. i believe this wallet is one of the most go-to by small time btc holders. so long you know how to keep your privacy out from social media. you're good to go. a lot are getting screwed these days owed to the fact that most of them are disclosing their crypto activities over their social media platforms. making them a very good prey by scammers.
as much as possible, be discreet with your crypto dealings. no need to boast to the public that you know or hold some crypto. you don't know what other people are thinking about you. if you are just happy and contented about yourself, you won't be posting every single activity of yours in your socmed.

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Gayong88
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March 18, 2023, 03:18:55 AM
 #63

I was introduced to LSD but I am more interested in buying Bitcoin first.

Many of my friends told me to use Blockchain wallet but one of them told me that is not a good wallet. He told me to buy a hardware wallet but I don't have money to buy it.

What wallet to use if not Blockchain wallet?

There are a variety of wallets available to store Bitcoins, depending on your needs and budget. Investopedia's "Best Bitcoin Wallets 2023" list includes Ledger Nano X as the best overall wallet, offering non-custodial security and a $149 purchase fee source https://www.investopedia.com/best-bitcoin-wallets-5070283

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Sweetbtc
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March 18, 2023, 10:56:46 AM
 #64

Quote
I am more interested in buying Bitcoin first.
He told me to buy a hardware wallet but I don't have money to buy it.
What wallet to use if not Blockchain wallet?

If you are willing to buy btc and don't have a hardwallet then the cheapest and easiest wallet is safepal which I think is a very secure hardwallet.The second thing is that if you want to buy bitcoins, you should have enough capital for it, because the price of bitcoins is in thousands of dollars. You should have enough capital to buy a hardware, if you buy a safepal wallet for fifty dollars, your thousands of dollars will be safe.And it wouldn't be a bad deal to buy a $50 safepal wallet to keep your thousands of dollars safe.There are other wallets in the market but their prices are high, this is the cheapest wallet in this time.And it is also the best in terms of security.Holding your tokens inside an exchange is not secure at all and a hard wallet is a better choice in terms of security.

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AicecreaME
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March 18, 2023, 03:05:39 PM
 #65

I've been using Electrum for a long time already and it's good. You can create multiple Bitcoin wallet, I suggest the segwit address for cheap Bitcoin transactions, though you can edit how much you're willing to spend for a certain bitcoin transaction. Obviously, the higher the fee the fastest it could be confirmed and received.
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March 20, 2023, 01:48:08 PM
 #66

I would suggest to try Ownr wallet especially mobile version
bettercrypto
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March 20, 2023, 04:44:14 PM
 #67

I was introduced to LSD but I am more interested in buying Bitcoin first.

Many of my friends told me to use Blockchain wallet but one of them told me that is not a good wallet. He told me to buy a hardware wallet but I don't have money to buy it.

What wallet to use if not Blockchain wallet?

Your friend is right, a hardware wallet is better if you can afford to buy it. Due this was proven and tested already to those who used it.

     But since you can't buy it yet, I suggest that you should use Electrum, after all it is available on desktop or laptop, Linux or mobile apps. Just secure your private key, seed phrase and password well.



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March 20, 2023, 05:13:22 PM
 #68

Actually This Is Very Important Question Topic And I Hope This Questions Answers Very Difficult By The Way I Always Suggests Good Wallet To Store Your Bitcoin BTC I Think Better To Use Safety Blockchain Wallet And Coinbase And If Thinking Little Trade Sometimes Than You Can Use Binance And TrustWallet.

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March 29, 2023, 01:04:34 PM
 #69

I'm using Ownr wallet, pretty simple for new users
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March 29, 2023, 01:36:34 PM
 #70

Actually This Is Very Important Question Topic And I Hope This Questions Answers Very Difficult By The Way I Always Suggests Good Wallet To Store Your Bitcoin BTC I Think Better To Use Safety Blockchain Wallet And Coinbase And If Thinking Little Trade Sometimes Than You Can Use Binance And TrustWallet.

The 4 wallets you introduce are all quite popular wallets in the market, but all 4 wallets have the same drawback they are all centralized wallets, which means you don't have full control of your assets when stored on them. Only trust wallets are non-custodial but are closed source, so it are also not more secure than other wallets. If you don't have enough money to buy a hardware wallet, use an open source non-custodial wallet like Electrum which most people recommend. Using the above 4 wallets is no problem, but they should only be used to store small amounts, and we should be careful from where rather than waiting until it's too late.

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March 30, 2023, 06:52:09 AM
 #71

I was introduced to LSD but I am more interested in buying Bitcoin first.

Many of my friends told me to use Blockchain wallet but one of them told me that is not a good wallet. He told me to buy a hardware wallet but I don't have money to buy it.

What wallet to use if not Blockchain wallet?



Are you just holding long term? Because if so you don't even need a wallet. Bitcoin isn't stored in a wallet, it's stored on the blockchain. A wallet is just the software app you use to make transactions. If you're just holding long term, ie cold storage, just make an address and send your bitcoin you bought to the address and keep the private key and the address somewhere like a paper wallet. No need to download anything until you want to move that bitcoin.
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March 30, 2023, 07:41:39 AM
 #72

Actually This Is Very Important Question Topic And I Hope This Questions Answers Very Difficult By The Way I Always Suggests Good Wallet To Store Your Bitcoin BTC I Think Better To Use Safety Blockchain Wallet And Coinbase And If Thinking Little Trade Sometimes Than You Can Use Binance And TrustWallet.
Using an exchange as a wallet is not recommended, same as closed source wallets that the code can't be verified to know how the keys are generated or if the developers are doing anything shady. Trade on exchanges and move your funds into your self custody through open source wallet like Electrum and Bluewallet, they are both recommended. You should also back up your seed phrase properly, but even Electrum and Bluewallet are both hot wallets, but you can either set it up as an offline wallet on an airgapped device if you like, or you buy a hardware wallet, that's it you want to hold a huge amount of BTC for long term.
Are you just holding long term? Because if so you don't even need a wallet. Bitcoin isn't stored in a wallet, it's stored on the blockchain. A wallet is just the software app you use to make transactions. If you're just holding long term, ie cold storage, just make an address and send your bitcoin you bought to the address and keep the private key and the address somewhere like a paper wallet. No need to download anything until you want to move that bitcoin.
This is in form of a paper wallet, but it is not recommended for newbies who don't have so much Bitcoin knowledge like OP. But to generate the address and seed, OP still needs a wallet and a good one too to be sure of the keys. If OP deletes the wallet software afterwards and writes the keys out, they have one less backup, the wallet software they use can be used as a backup to gain access to their funds if they lose the seed phrase or keys they wrote on paper.

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