Help me in choosing wallet before I make mistake

[BlackBoss_]

Check out this site for picking a wallet: https://bitcoin.org/en/choose-your-wallet

Many wallets to choose from the site but if you choose Bitcoin Core or Electrum wallet, follow this links to download and follow their guides to verify what you download.

[GUIDE] How to Safely Download and Verify Electrum
Download Bitcoin Core and Verify your download

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[Peanutswar]

Among the choices most of us right there prefer the use of the hot or cold wallet if you don't have a budget yet but have a device such as your PC and laptop you can use the hot wallets which electrum, exodus, etc. But if you have money same can have an investment suitable to buy a trezor or Ledger wallet.

Your bitcoins should only be stored in cold storage wallets after purchase, and transferred out when you want to sell them. It takes less than 10 minutes. Remember, if you don't have the keys, it's not your coins.

Additionally with these you can buy trusted cold wallets with the Trezor and Ledger

Code:

https://www.ledger.com/
https://trezor.io/

And also check the supported coin because in different storage only limited support with the coin you want to, also for their trusted resellers world wide you can check here

Code:

[1]https://trezor.io/resellers
[2]https://www.ledger.com/reseller

I'm not partnered or a reseller just shares this information for the benefit of the newbies. Also if you don't have a budget yet ideal to use a hot wallet such as the following.

Code:

https://electrum.org/#home
https://www.exodus.com/

Here is the supporting details you can be use in the future.

[worle1bm]

If you are ready to spend few dollars then hardware wallets are best option suited to you because they provide extra security and your funds are not connected to the internet so more safety of funds as hackers have online ways to scam you but you also needs to be careful with them as hardware wallet breaches and scams have been there when you connect them with internet.Safety is in your hands frankly saying even after having good wallet with you because your one mistake could lead hackers to drain your funds out of your wallets so you need to be extra careful with it.

[Jawhead999]

Op, you can use Mycelium for mobile wallets while Bitcoin core, Electrum, Mycelium, Exodus for pc. You should note that the most secured wallet are the cold wallet because they store your private keys offline and so it add more security like ledger and Trezor.

Most wallets are supporting both of PC and cellphone, I don't think @OP need to confuse to pick a better wallet for him, the simple answer is he can use Electrum or hardware wallet. Exodus isn't a good wallet due to closed source and don't have many features.

@OP you also need to understand about privacy matter, security of your devices, how to prevent from online scam, the browser you're using, how to safely protect your seed phrase, etc.

[EarnOnVictor]

Binance is a good choice for flexibility if it fully operates in your country, you will be able to deposit and withdraw your money easily, and you can also trade with it. But be mindful of the fact that it's a custodial exchange, meaning your coin will be in their care that keeps it for you but you don't practically own it until you withdraw it out.

In case you want the non-custodial wallets (where you own it with the private key), you might try the following;
1. Coinomi wallet (https://www.coinomi.com/en/)
2. Electrum wallet(https://electrum.org/)
3. Blue wallet (https://bluewallet.io/)
4. Unstoppable wallet (https://unstoppable.money/)

However, if you plan to invest so much money, then a hardware wallet is the best option.

[Chilwell]

Scam is everywhere, I fear for my money. They say the person who asks for help does not make a mistake. I want to own my first Bitcoin next week when my monthly salary is paid but afraid of jumping on any wallet to avoid losing my money.

The popular choices I know and hear from people are Binance, Blockchain and Freewallet. Which one should I choose? I am just starting my bitcoin owning journey and it will be kind of the senior guys to show the way.

You can suggest better ones if there are any.

Indeed those who seek advice never miss their way, choosing a wallet for your fund is an important thing when it comes to crypto because there are many crypto wallets in existence but legit and scam ones. There are so many things you consider when choosing a wallet, some are-
1. Know the kind of coin you want to go for because some coins defer in time of wallet, this happens to me when I transfer a token from my meta mask to coins bit which eventually leads to the loss of my coin.
2. Check their customer availability in case there is a problem you are facing, this aspect is also very important because the wallet you are using is just invisible to you, that's you can not find its structure anywhere close to you.
3. Checking its reputation is also an important consideration when choosing a wallet.
4. Security is also among, securing your money is the first step in time crypto, making more research, listening to what is said about the wallet and knowing how secure its.

There are more to consider when choosing a wallet,  I'm also ready to learn more apart from above mentioned.

[Grasper]

Thank you everyone for contributing and guiding me on this choice, it was a tough choice since yesterday through to today. I stressed my brain before I finally made my choice. I read through your advice and preferences and go through links provided by many and  I did my research online to get more clarity.

In the end, the winner is Electrum wallet. I trust not to regret this but will not buy in large scale at first.

[Stalker22]

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In the end, the winner is Electrum wallet. I trust not to regret this but will not buy in large scale at first.

Hey, that is great news! I use Electrum, and it is a pretty solid wallet. Glad to hear that you did your research and found a wallet that you feel comfortable with. Just remember to pay close attention to where you download it from (make sure you are on the official website) and if you can, learn how to verify GPG signatures after downloading.

[uchegod-21]

Scam is everywhere, I fear for my money. They say the person who ask for help does not make a mistake. I want to own my first Bitcoin next week when my monthly salary is paid but afraid of jumping on any wallet to avoid losing my money.

The popular choices I know and hear from people are Binance, Blockchain and Freewallet. Which one should I choose? I am just starting my bitcoin owning journey and it will be kind of the senior guys to show the way.

You can suggest better ones if there are any.

Good that you asked.
But if I may ask, have you taken your time to read around this forum? Especially in this beginners and help board, a post by Lauda was pinned and it explained about wallets and the rest of them. You can read it here https://bitcointalk.org/index.php?topic=1631151.0.

Any further confusion, feel free to ask questions and reply in this thread. That is how to learn, don't read and keep mute.

[Sarah Azhari]

if the quantity is large we recommend you to try to get a hardware wallet, for example like Electrum they say so far very safe. maybe there are some other trusted secure hardware wallets you can try.

Electrum is not a hard wallet. Electrum is a software wallet

Aside from these recommended desktop wallets.
...
- Samourai

No, Samourai is not for desktop wallets, Samourai is just for phone wallets/for Android only,
except Whirlpool.

In the end, the winner is Electrum wallet. I trust not to regret this but will not buy in large scale at first.

Good for you, from today you have learned how to sign in offline, and online, only for broadcast.
do not reverse like people did dude, this is a crypto world where only you control your asset.

[Nheer]

Scam is everywhere, I fear for my money. They say the person who ask for help does not make a mistake. I want to own my first Bitcoin next week when my monthly salary is paid but afraid of jumping on any wallet to avoid losing my money.

This is really considerate of you, and asking your question here is the best course of action when you have questions on a topic involving bitcoin or other cryptocurrencies. Due to their lack of experience, beginners are constantly exposed to scams and are more likely to fall prey to them. One can quickly lose their assets if wallets are handled improperly, therefore you must be very careful. You must use caution when handling wellets even after selecting one. Before making a bitcoin purchase, you must read all wellet handling instructions.

The popular choices I know and hear from people are Binance, Blockchain and Freewallet. Which one should I choose? I am just starting my bitcoin owning journey and it will be kind of the senior guys to show the way.

You can suggest better ones if there are any.

Binance is not an ideal place to store your bitcoin, it's an exchange where buy sell bitcoin and also trade your bitcoin into other coins. Your wallets private key is what gives you access to your coins and whosoever have access to your private key can access you coins, and with binance your private key is not in your possession so you don't have total control over your assets. We have heard of how exchanges were hacked and how some exchange owners have scammed their customers and run away with customers assets. Always remember "Not your keys not your coins".

I'll recommend you go through this post and select a convenient wallet of your choice [General] Bitcoin wallet - Which, What and Why?


I wish you well in your crypto journey.

[mikeywith]

But if you have money same can have an investment suitable to buy a trezor  

He shouldn't use Trezor even if it was for free, let alone make an investment, Trezor uses zkSNACKs aka Wasabi Wallet, a service that censorship transactions based on a dozen of reasons only to "protect themselves" from the law and biased governments, mind you that Trezor did not have to use Wasabi as there are a dozen of other alternatives, in fact, they did not need to implement CoinJoin in the first place, but seems like an excuse to please the authorities while pretending to be offering "privacy and anonymity" to its users.  

I know many people think Trezor is a great hardware wallet with open-source code that is "approved" by the community and all that, to me, they are hurting the fungibility of Bitcoin and I would never use or support them.

[omoniy1]

The fine manner to keep bitcoin is to save it in a stable, offline pockets. This may be a hardware pockets like a Ledger or Trezor, or a software program pockets like Electrum or Bitcoin Core this is mounted on a pc that isn't always linked to the internet. It's vital to make certain which you have a backup of your pockets's personal key or seed word if you lose get admission to for your pockets. Additionally, it is vital to take steps to guard your personal keys or seed word from robbery or loss, including storing them in a stable vicinity and now no longer sharing them with anyone.

[Negotiation]

I know many people think Trezor is a great hardware wallet with open-source code that is "approved" by the community and all that, to me, they are hurting the fungibility of Bitcoin and I would never use or support them.

I also agree with you that although many people support the use of Trezor, I think that using Trezor on multiple devices is a bit complicated, mainly because Trezor is one device so it is a problem for many people to use. However, Trezor promises to provide a slightly more secure service than other software base wallets, which is supported by many people (I was also supportive at one time).

Note: But I think that with some user awareness and the use of the right software, so software-based wallets also play a very important role. (Preferable software base Wallet ).

[Husna QA]

anyway, you can also check this thread [General] Bitcoin Wallets - Which, what, why? if you want more choices and info and feedback from members.

Some of the wallets mentioned in the thread's first post are outdated, for example, Jaxx Liberty, which is no longer available (https://blog.jaxx.io/jaxx-liberty-sunsetting-update/); Cobo Vault, which has changed to Keystone hardware wallet (https://blog.keyst.one/leaving-cobo-to-continue-the-cobo-vault-legacy-29bb2f8f026e).

-snip- if the quantity is large we recommend you to try to get a hardware wallet, for example like Electrum they say so far very safe. maybe there are some other trusted secure hardware wallets you can try.

Electrum is not a hardware wallet; I think you are confused about understanding the types of wallets.

Thank you everyone for contributing and guiding me on this choice, it was a tough choice since yesterday through to today. I stressed my brain before I finally made my choice. I read through your advice and preferences and go through links provided by many and  I did my research online to get more clarity.

In the end, the winner is Electrum wallet. I trust not to regret this but will not buy in large scale at first.

Perhaps some of the following documents about Electrum will be useful:
- https://electrum.readthedocs.io/ (Official documentation)
- https://bitcoinelectrum.com/ (Unofficial guide - by Abdussamad)

[Yamifoud]

Thank you everyone for contributing and guiding me on this choice, it was a tough choice since yesterday through to today. I stressed my brain before I finally made my choice. I read through your advice and preferences and go through links provided by many and  I did my research online to get more clarity.

In the end, the winner is Electrum wallet. I trust not to regret this but will not buy in large scale at first.

Perhaps, a lot of investors/holders are using this platform and the current number is quite growing fast, and they never encounter problems with their wallets. Because as a beginner, it was not necessary to buy a hardware wallet, especially if you are just about to spend small amounts, it is not worth it anyway.

We may hear about hacking, electrum wallet has no escaped from this but it was not because it was weak or something the security is not on the highest level. It happens because the owners of said wallet are so careless, yes it really depends on us no matter what kind of wallet it is. 

[Lida93]

Scam is everywhere, I fear for my money. They say the person who ask for help does not make a mistake. I want to own my first Bitcoin next week when my monthly salary is paid but afraid of jumping on any wallet to avoid losing my money.

The popular choices I know and hear from people are Binance, Blockchain and Freewallet. Which one should I choose? I am just starting my bitcoin owning journey and it will be kind of the senior guys to show the way.

You can suggest better ones if there are any.

Binance is a centralized exchange and is strictly not a recommended place to keep your money, except for a pretty trade's, and as means of deposit but expect much KYC requirements. But if you're one of those not cool with KYC, then you go for AgoraDesk a good P2P exchange with no KYC requirements, well known for privacy and security.

For a choice of wallet to use for your bitcoin storage I think I'll recommend Electrum wallet, it's non-custodian, simple for newbies to easily get along with. Check this guide: Electrum wallet for beginners and advanced users (by BitCryptex) https://bitcointalk.org/index.php?topic=3456040.0

[Hyphen(-)]

The popular choices I know and hear from people are Binance, Blockchain and Freewallet. Which one should I choose? I am just starting my bitcoin owning journey and it will be kind of the senior guys to show the way.

You can suggest better ones if there are any.

If you truly want to be in control of your coin, I recommend that you calm down and learn the basics of keys and addresses before you begin investing in Bitcoin.

Binance is a centralized exchange; they will require your personal information before you can use their exchange, which means they will have control over your Bitcoin because you are leaving it in their custody, which is risky.

I suggest you go through This to learn more on how to secure your Bitcoin and how to use your wallets.

[summonerrk]

Scam is everywhere, I fear for my money. They say the person who ask for help does not make a mistake. I want to own my first Bitcoin next week when my monthly salary is paid but afraid of jumping on any wallet to avoid losing my money.

The popular choices I know and hear from people are Binance, Blockchain and Freewallet. Which one should I choose? I am just starting my bitcoin owning journey and it will be kind of the senior guys to show the way.

You can suggest better ones if there are any.

All three options are terrible. Nevertheless, you did a reasonable thing to ask for advice, because hackers are increasingly breaking wallets and taking bitcoins from ordinary users of cryptocurrencies.
Of course, I want to advise you the best wallet is Trust Wallet. Its strongest advantage is open source. It turns out anyone can see how it works.
That's great!
Few wallets can boast of this. Also, a lot of reputable people recommend it.

https://trustwallet.com/ru/

[ItsCrafty]

 hackers are increasingly breaking wallets and taking bitcoins from ordinary users of cryptocurrencies.
Of course, I want to advise you the best wallet is Trust Wallet. Its strongest advantage is open source. It turns out anyone can see how it works.
That's great!
Few wallets can boast of this. Also, a lot of reputable people recommend it.

https://trustwallet.com/ru/

There is no doubt that hackers are getting into many wallets these days.But there are also such wallets where it becomes difficult to access them.

Of course trust wallet is a good wallet but hackers often gain access to it,And I have heard many people losing their assets in this wallet to hackers.In my opinion, if a hard wallet is used instead of this wallet, the risks are much less.Hard wallet is an excellent and very secure wallet.
Your capital will be very safe in the hard wallet and it is not easy for hackers to enter here, rather it is somewhat impossible for hackers to enter.

But be careful to buy it from the official website because there is a risk of hacker attack if you buy from other online platforms.