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GlobalMilk99 (OP)
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March 14, 2023, 12:30:27 AM
 #41

Trezor would be the best investment you could ever make.
Just to add, Some ppl can't afford to buy a trezor since their investment in crypto itself is much smaller than the cost of trezor. You should recommend other security tips like using paper wallets, never save your seeds online, etc. And once their investment gets larger over time, they can switch to a hardware wallet.
P.S.: I hardly use a hardware wallet for myself, but Im still safe coz I know what precautions to take Wink

I researched some hardware wallet that might be useful for more security for investing in crypto. But I might try to wallet apps first, since I still don't have much that money on me right now to invest in hardware wallet, as much as I would like to buy one right now.


It is better to use a hardware wallet to hold the crypto. I am using a safepal hardware wallet. When it comes to a trust wallet, there may have a possibility of getting hacked. They have only 12 phrases in the seed phrase. Also, there are a lot of other options like cold wallets and hot wallets.

I am thinking of buying safepal as of now, when I searched and compare the prices between safepal and trezor, I would go to safepal. But when it comes to security, I would go to Trezor, as my friend suggested as well. We'll never know. Maybe in the next few months I am gonna be able to buy hardware wallet. But again, as of now, I am just gonna be using crypto wallet app for now.

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Every time a block is mined, a certain amount of BTC (called the subsidy) is created out of thin air and given to the miner. The subsidy halves every four years and will reach 0 in about 130 years.
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March 18, 2023, 06:24:38 PM
 #42

Just to add, Some ppl can't afford to buy a trezor since their investment in crypto itself is much smaller than the cost of trezor. You should recommend other security tips like using paper wallets, never save your seeds online, etc. And once their investment gets larger over time, they can switch to a hardware wallet.
P.S.: I hardly use a hardware wallet for myself, but Im still safe coz I know what precautions to take Wink

I researched some hardware wallet that might be useful for more security for investing in crypto. But I might try to wallet apps first, since I still don't have much that money on me right now to invest in hardware wallet, as much as I would like to buy one right now.
Do not worry, many people begin their journeys just like you, they do not have the money to afford a hardware wallet and they prefer to use a wallet like electrum, however this does not mean that you cannot take steps to protect you, hardware wallets are a ready-made solution for those that do not want to learn or think it is too complicated to secure their coins on their own, however if you are willing to put the effort a regular wallet can be made to be incredibly secure, if you take the right steps.

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March 21, 2023, 01:28:50 PM
 #43

however if you are willing to put the effort a regular wallet can be made to be incredibly secure, if you take the right steps.
Sometimes it is not what you use, but how you use what you have it that matters. Even people who can afford to have a hardware wallet are not still safe should they decide to become careless thinking that buying a hardware wallet is the final security one can have for their cryptocurrency. A person who uses an electrum wallet can be safer than someone using a hardware wallet. For security, consider developing a consciousness for security first before consideration of a wallet to complement it.

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March 21, 2023, 03:34:33 PM
 #44

however if you are willing to put the effort a regular wallet can be made to be incredibly secure, if you take the right steps.
Sometimes it is not what you use, but how you use what you have it that matters. Even people who can afford to have a hardware wallet are not still safe should they decide to become careless thinking that buying a hardware wallet is the final security one can have for their cryptocurrency. A person who uses an electrum wallet can be safer than someone using a hardware wallet. For security, consider developing a consciousness for security first before consideration of a wallet to complement it.
That's true, it is a big mistake to thing that you are safe no matter what you do, you should always be careful no matter how safe you think you are. I have seen plenty of people who got their ledger wallets emptied as well, not because of any mistake ledger made as a company, not because it was hacked into it or anything, but because they were stupid users and that will always be an issue.

If you use it like you should be using it then it would work and it would be a good thing but if you use it unlike how you should then it would be a trouble for you. This is even more true if you do not have a hardware wallet and store it somewhere that is not entirely safe.

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March 21, 2023, 07:56:04 PM
 #45

I had a different thread on how to start on Bitcoin and had so many useful and helpful knowledge given to me at that thread. I just wanna say thanks to all those who replied to my post. And also, yes, I will be starting to do trading on cryptocurrencies. With that being said, I also want to take this opportunity to ask, what would be the best cryptowallet to use at this time? 
For non custodial wallet for Bitcoin: Electrum
For long term holding: Ledge or Trezor
For Multi-coins/token: Trustwallet or Metamask

Just remember on not to store up huge amounts of coins/tokens on an exchange wallet.Its never been ideal on doing so
considering that it is really that prone to some possible issues or events which would cause on losing
up your money.
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March 21, 2023, 08:09:35 PM
 #46

I had a different thread on how to start on Bitcoin and had so many useful and helpful knowledge given to me at that thread. I just wanna say thanks to all those who replied to my post. And also, yes, I will be starting to do trading on cryptocurrencies. With that being said, I also want to take this opportunity to ask, what would be the best cryptowallet to use at this time? 

In this type of particular situation where a person is just getting started, people usually prefer a centralized trading platform that provides a variety of facilities to the newbies such as P2P trading, Direct crypto buying using local money, Basic trading view, and Pro trading view, easy swaps, and profile-based wallet address for all those listed projects on that particular platform.

On the other hand in decentralized wallets, you need to pay extra fees and also need to manage all of your requirements and funds on your own. I decentralized wallets Hot wallets are particularly used for trading purposes. You can use Trust wallet, Meta Mask and Electrum as well for trading purposes and temporary hold of your funds. 

There are pros and cons in both;

  • Centralized wallets/platforms provide facilities but in Decentralized wallets and platforms you need to do all on your own
  • Centralized wallets are more likely easy to handle and use but in a Decentralized wallet you need to be careful because you are responsible for security
  • Decentralized wallets and platforms provide self-custody of funds, centralized wallets (remember not your key, not your funds) do not provide self-custody
  • Decentralized wallets/platforms give priority to your privacy but centralized platforms invade your privacy and control all of your activity at their own
  • Much more you can learn by searching Decentralized vs Centralized and you'll know whatever you need but for a complete beginner as your intention is just trading I will prefer Centralized exchanges because from there you can learn and when you got experience and enough funds then you can switch to decentralization but prefer most reputed platforms in both categories.

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March 21, 2023, 08:57:35 PM
 #47

If you plan to trade regularly, keep your working capital in exchange wallets (custodial). And when you’ve earned enough and are about to withdraw the accumulated coins, then withdraw them to a non-custodial wallet, such as Coinomi, Exodus, MetaMask, MyEtherWallet, Polyx Crypto Wallet, Trust Wallet.
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March 21, 2023, 09:46:37 PM
 #48

Just to add, Some ppl can't afford to buy a trezor since their investment in crypto itself is much smaller than the cost of trezor. You should recommend other security tips like using paper wallets, never save your seeds online, etc. And once their investment gets larger over time, they can switch to a hardware wallet.
P.S.: I hardly use a hardware wallet for myself, but Im still safe coz I know what precautions to take Wink

I researched some hardware wallet that might be useful for more security for investing in crypto. But I might try to wallet apps first, since I still don't have much that money on me right now to invest in hardware wallet, as much as I would like to buy one right now.
Do not worry, many people begin their journeys just like you, they do not have the money to afford a hardware wallet and they prefer to use a wallet like electrum, however this does not mean that you cannot take steps to protect you, hardware wallets are a ready-made solution for those that do not want to learn or think it is too complicated to secure their coins on their own, however if you are willing to put the effort a regular wallet can be made to be incredibly secure, if you take the right steps.
And besides, many people are using Electrum wallet and have no problems with the security. What is important is that we keep our keys safe. Because even acquiring a hard wallet doesn't guarantee us 100% security as it can possibly hack if we are too careless and of course,  if we have to consider the situation if it was really worth enough to have this. If it was not necessary, we'd rather use a free wallet like Electrum and we save money which can also be used as an additional investment.

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March 25, 2023, 03:23:10 PM
 #49

I had a different thread on how to start on Bitcoin and had so many useful and helpful knowledge given to me at that thread. I just wanna say thanks to all those who replied to my post. And also, yes, I will be starting to do trading on cryptocurrencies. With that being said, I also want to take this opportunity to ask, what would be the best cryptowallet to use at this time? 

I hope with the helpful responses, you should start with little you can afford to lose, I'm not trying to undermine your effort or what you can do at the end of the day or trading journey, I'm just trying to caution you to be responsible because advice are personal and people will give you their opinions and not all works at the end of the day, learn the ones you think are better enough to your satisfaction and decide with small capital and if in the long run it favours you, then you can magnify your capital and I hope one day you will also advice new traders like the way you needed help today, good luck in your trading journey.
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March 25, 2023, 04:47:12 PM
 #50

I had a different thread on how to start on Bitcoin and had so many useful and helpful knowledge given to me at that thread. I just wanna say thanks to all those who replied to my post. And also, yes, I will be starting to do trading on cryptocurrencies. With that being said, I also want to take this opportunity to ask, what would be the best cryptowallet to use at this time? 
Staying safe is the most important thing in this crypto currency nowadays. Hardware wallets are the most essential and important to stay secure. Whenever you use hardware wallet you will have no chance of hacking this wallet. Sometimes it is heard that many people's wallets have been hacked. And they find it too risky to survive here later. That's why it's most important for all of us who work here and earn money to use a hardware wallet.
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March 26, 2023, 05:07:10 PM
 #51

I had a different thread on how to start on Bitcoin and had so many useful and helpful knowledge given to me at that thread. I just wanna say thanks to all those who replied to my post. And also, yes, I will be starting to do trading on cryptocurrencies. With that being said, I also want to take this opportunity to ask, what would be the best cryptowallet to use at this time? 
Staying safe is the most important thing in this crypto currency nowadays. Hardware wallets are the most essential and important to stay secure. Whenever you use hardware wallet you will have no chance of hacking this wallet. Sometimes it is heard that many people's wallets have been hacked. And they find it too risky to survive here later. That's why it's most important for all of us who work here and earn money to use a hardware wallet.
Also my suggestion is to have more accounts. On one use only money that is meant to be traded. I got burned once while trading NFT so people learn from my mistakes.
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March 26, 2023, 05:40:26 PM
 #52

I had a different thread on how to start on Bitcoin and had so many useful and helpful knowledge given to me at that thread. I just wanna say thanks to all those who replied to my post. And also, yes, I will be starting to do trading on cryptocurrencies. With that being said, I also want to take this opportunity to ask, what would be the best cryptowallet to use at this time? 
Staying safe is the most important thing in this crypto currency nowadays. Hardware wallets are the most essential and important to stay secure. Whenever you use hardware wallet you will have no chance of hacking this wallet. Sometimes it is heard that many people's wallets have been hacked. And they find it too risky to survive here later. That's why it's most important for all of us who work here and earn money to use a hardware wallet.
However, despite of acquiring those hardware wallets, we still not be confident enough that we are totally safe. We have to consider the vulnerability to the hacking issue that usually happens to many holders as they are targetting wallet address that contains a huge amount of Bitcoin. As suggested by most, we never keep our funds in a single wallet but rather spread them to different addresses. And most of all, must keep them private and skip those links/emails that we never know where they come from.

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March 26, 2023, 06:05:58 PM
 #53

I had a different thread on how to start on Bitcoin and had so many useful and helpful knowledge given to me at that thread. I just wanna say thanks to all those who replied to my post. And also, yes, I will be starting to do trading on cryptocurrencies. With that being said, I also want to take this opportunity to ask, what would be the best cryptowallet to use at this time? 
Staying safe is the most important thing in this crypto currency nowadays. Hardware wallets are the most essential and important to stay secure. Whenever you use hardware wallet you will have no chance of hacking this wallet. Sometimes it is heard that many people's wallets have been hacked. And they find it too risky to survive here later. That's why it's most important for all of us who work here and earn money to use a hardware wallet.
However, despite of acquiring those hardware wallets, we still not be confident enough that we are totally safe. We have to consider the vulnerability to the hacking issue that usually happens to many holders as they are targetting wallet address that contains a huge amount of Bitcoin. As suggested by most, we never keep our funds in a single wallet but rather spread them to different addresses. And most of all, must keep them private and skip those links/emails that we never know where they come from.
Also people need to begin to make use of their common sense, as we know the robberies related to cryptocurrencies have increased dramatically during the last years, as now criminals know that they are valuable assets that can be stolen and which are difficult to get back, so people need to stop posting online about how much coins they have and revealing their identity on the process at the same time, as you do not know what kind of person would be watching and you could become their target.

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March 27, 2023, 03:35:13 AM
 #54

I had a different thread on how to start on Bitcoin and had so many useful and helpful knowledge given to me at that thread. I just wanna say thanks to all those who replied to my post. And also, yes, I will be starting to do trading on cryptocurrencies. With that being said, I also want to take this opportunity to ask, what would be the best cryptowallet to use at this time? 
Staying safe is the most important thing in this crypto currency nowadays. Hardware wallets are the most essential and important to stay secure. Whenever you use hardware wallet you will have no chance of hacking this wallet. Sometimes it is heard that many people's wallets have been hacked. And they find it too risky to survive here later. That's why it's most important for all of us who work here and earn money to use a hardware wallet.
However, despite of acquiring those hardware wallets, we still not be confident enough that we are totally safe. We have to consider the vulnerability to the hacking issue that usually happens to many holders as they are targetting wallet address that contains a huge amount of Bitcoin. As suggested by most, we never keep our funds in a single wallet but rather spread them to different addresses. And most of all, must keep them private and skip those links/emails that we never know where they come from.
Also people need to begin to make use of their common sense, as we know the robberies related to cryptocurrencies have increased dramatically during the last years, as now criminals know that they are valuable assets that can be stolen and which are difficult to get back, so people need to stop posting online about how much coins they have and revealing their identity on the process at the same time, as you do not know what kind of person would be watching and you could become their target.
right, besides being careful about our personal wallet, of course keeping our assets secret so that news doesn't spread that we have large assets is also needed, so that hackers don't find out easily and think of stealing. as an example of the incident in my country which is currently rife where many officials whose wives and children flaunt their wealth, which in the end the government suspects is the result of money laundering. they were found out because of their own doing

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March 27, 2023, 06:07:27 AM
 #55

I agree that no matter how good a wallet we use and everything is open to hackers, it is a good decision to keep private information private without sharing it with anyone. By doing this bitcoin will be safe and no one can take access to the wallet disclosure of information may also increase security risks, as there is a possibility of disclosure of transactional information in digital transactions. That's why you should proceed with caution of your wallet.

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March 28, 2023, 06:35:23 AM
 #56

Staying safe is the most important thing in this crypto currency nowadays. Hardware wallets are the most essential and important to stay secure. Whenever you use hardware wallet you will have no chance of hacking this wallet. Sometimes it is heard that many people's wallets have been hacked. And they find it too risky to survive here later. That's why it's most important for all of us who work here and earn money to use a hardware wallet.
However, despite of acquiring those hardware wallets, we still not be confident enough that we are totally safe. We have to consider the vulnerability to the hacking issue that usually happens to many holders as they are targetting wallet address that contains a huge amount of Bitcoin. As suggested by most, we never keep our funds in a single wallet but rather spread them to different addresses. And most of all, must keep them private and skip those links/emails that we never know where they come from.
Well it's true that even if you have your funds stored in a hardware wallet, you can still be targeted by phishing scams and malwares that steal information from systems. So it is always important to stay vigilant and avoid clicking unnecessary links or opening spam emails sent from unknown users. I know that the scammers are also becoming smart day by day, but we need to take precautions from our side.

I've seen a lot of people becoming victims of phishing scams and they were not even newbies but those who have been in the industry for quite a long time, it's only because the scammers use different methods and sometimes you just fall in their trap.
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March 28, 2023, 09:02:57 PM
 #57

I had a different thread on how to start on Bitcoin and had so many useful and helpful knowledge given to me at that thread. I just wanna say thanks to all those who replied to my post. And also, yes, I will be starting to do trading on cryptocurrencies. With that being said, I also want to take this opportunity to ask, what would be the best cryptowallet to use at this time? 
In this aspect I think I will like to recommend electrum wallet for anything you are doing that requires security purposes, but at this point you will study of bitcoin so that you will have more knowledge of bitcoin before starting any Trading or any cryptocurrency transactions,  some of the responses of users might not give you accurate feedback or answer but your personal research will give you more insights to know of bitcoin.

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April 05, 2023, 07:25:17 PM
 #58

Well it's true that even if you have your funds stored in a hardware wallet, you can still be targeted by phishing scams and malwares that steal information from systems. So it is always important to stay vigilant and avoid clicking unnecessary links or opening spam emails sent from unknown users. I know that the scammers are also becoming smart day by day, but we need to take precautions from our side.

I've seen a lot of people becoming victims of phishing scams and they were not even newbies but those who have been in the industry for quite a long time, it's only because the scammers use different methods and sometimes you just fall in their trap.
When it comes to our money there is not such a thing as too much caution, we need to always be on our guard as scammers are always devising new strategist they can use to try to deceive us and get to our coins, so once in a while we need to make an investigation about the new kind of scams which are now being used by them so in the case we find ourselves being subjected to them we are able to avoid it and we do not lose our coins in this way.

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April 05, 2023, 08:14:32 PM
 #59

Here are some popular wallet options to consider:

Hardware wallets: These are physical devices that store your cryptocurrency offline and offer the highest level of security. Popular hardware wallet brands include Ledger and Trezor.

Software wallets: These are digital wallets that can be downloaded and installed on your computer or mobile device. Examples include Electrum, Exodus, and MyEtherWallet.

Mobile wallets: These are software wallets specifically designed for use on mobile devices. Examples include Mycelium, Edge, and Trust Wallet.

Web wallets: These are online wallets that can be accessed through a web browser. Examples include Coinbase, Binance, and Blockchain.info.

It's important to do your own research and choose a wallet that has a good reputation for security and user-friendliness

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April 06, 2023, 03:05:39 PM
 #60

Well it's true that even if you have your funds stored in a hardware wallet, you can still be targeted by phishing scams and malwares that steal information from systems. So it is always important to stay vigilant and avoid clicking unnecessary links or opening spam emails sent from unknown users. I know that the scammers are also becoming smart day by day, but we need to take precautions from our side.

I've seen a lot of people becoming victims of phishing scams and they were not even newbies but those who have been in the industry for quite a long time, it's only because the scammers use different methods and sometimes you just fall in their trap.
When it comes to our money there is not such a thing as too much caution, we need to always be on our guard as scammers are always devising new strategist they can use to try to deceive us and get to our coins, so once in a while we need to make an investigation about the new kind of scams which are now being used by them so in the case we find ourselves being subjected to them we are able to avoid it and we do not lose our coins in this way.
Scammers are always finding the next step, that's the biggest thing. For example defi rugpull wasn't a thing until just a few years ago, but then it became so big that everyone started to do it, even people who never scammed anyone before that, started to scam others when they figured it out.

This is why we need to be super careful because we would need to end up with something much bigger and troublesome in the end. If we are not careful, we will have nothing left and all of our money would be gone. So many people who fell for these type of traps and I hope that they end up being better and doing better because it is something that is a must and not a small deal.

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