Which wallet should be used to keep bitcoin safe?

[Bd officer]

I am a newbie in bitcoin form. I invested in Bitcoin a few days ago. I don't understand one thing. I will invest in Bitcoin for the long term. I use a mobile device. Now what wallet do I use to keep my bitcoins safe. I have total three wallets installed on my mobile device.

Trust wallet, mycelium and electrum which of these three wallets is the most secure?
Which wallet would be better than these three wallets?
I bought Bitcoin from kucoin, so far it's in kucoin

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[Zaguru12]

Welcome to the forum mate. You definitely need to read more about bitcoin because it is not advisable to rely on people’s suggestions only, you can read through here for basic knowledge https://learnmeabitcoin.com/

Trust wallet, mycelium and electrum which of these three wallets is the most secure?
Which wallet would be better than these three wallets?

The electrum wallet is the most secured among the three wallets but the mobile electrum wallet doesn’t have many features like the desktop version. The other mobile wallet I would suggest again is the blue wallet, it is self custodian wallet and also open source. Whereas the trust wallet is not open source and it is not advise to put your funds there
 

I bought Bitcoin from kucoin, so far it's in kucoin

Take your funds off centralized exchanges, once the key doesn’t belongs to you then the coins aren’t totally yours. So transfer the coins to the electrum wallet on mobile device or import your private key to BlueWallet.

[dzungmobile]

You must learn about non-custodial (also called as self-custodial) wallets vs custodial wallets.

Custodial vs. Non Custodial Wallets - "Not your keys, not your coin" Explained.

Avoid storing your bitcoins on exchanges. Reminder: do not keep your money in online accounts

You can consider Electrum wallet or Bitcoin Core. Electrum wallet is available for Windows, MacOS, Mobile (Android) and it is light. Bitcoin Core is better but it requires more storage space.

[GUIDE] How to Safely Download and Verify Electrum

[Litzki1990]

Ever since the FTX exchange scam, everyone has been avoiding exchange wallets. I would always suggest using a hardware wallet where funds are supposed to be kept safe.  If there is any problem in using hardware wallet then you can use some mobile wallets with more security. You can use Electrum wallet or Mycelium wallet considering the security aspect. These wallets are very secure so hopefully you can keep your bitcoin safe in these wallets.

[Mate2237]

You have 6 Merits in your account and that means you have passed newbie member Rank. There are many wallets that one can use to save his or her coins. As a beginner I will not advise you to use Trust wallets, because under trust wallet there are other wallets which are connected to Binance which might confused you to use as a newbie. But Electrum is the best wallet ever. But this high fee rate in the transaction process is the problem now. Op please don't keep your coins in the exchange platforms but in the wallet.

[Doan9269]

Trust wallet, mycelium and electrum which of these three wallets is the most secure?
Which wallet would be better than these three wallets?
I bought Bitcoin from kucoin, so far it's in kucoin

Make sure that your bitcoin is not left on that centralized exchange because they are custodial wallet and have more of disadvantages than the advantages of using them, i will recommend you two category of non custodial wallets which you can try make use of, they are cold storages and one example had already been given you with the use of electrum wallet, try check this ones as well.

bitcoincore, for your maximum security, you can download the software Applications and run it,
https://bitcoin.org/en/bitcoin-core/

Open Source Hardware Wallets, go for this category as well if you can spare some amount of money to secure one by purchase.
https://bitcointalk.org/index.php?topic=5288971.0

[BALIK]

Trust wallet, mycelium and electrum which of these three wallets is the most secure?
Which wallet would be better than these three wallets?
I bought Bitcoin from kucoin, so far it's in kucoin

You can learn more about the hardware wallet, which is rated as the safest bitcoin storage wallet to date. If you decide to use a hot wallet, it is one of the three that you have installed. I would trust Electrum, in my opinion, it is the safest wallet as well as the easiest to use, Mycelium is also a good choice but stays away from Trustwallet as it is a closed source, not trusted.

But no matter which wallet, your bitcoin is safe or not largely depends on you, not entirely on the type of wallet. If you don't take good care of your seed phrase, then even using a hardware wallet cannot guarantee the safety of your bitcoins. As a newbie, you should spend more time learning about security than thinking about profits.

[Wexnident]

I am a newbie in bitcoin form. I invested in Bitcoin a few days ago. I don't understand one thing. I will invest in Bitcoin for the long term. I use a mobile device. Now what wallet do I use to keep my bitcoins safe. I have total three wallets installed on my mobile device.
~
Trust wallet, mycelium and electrum which of these three wallets is the most secure?
Which wallet would be better than these three wallets?
I bought Bitcoin from kucoin, so far it's in kucoin

Seeing as it's for the long term, then a hardware wallet. Electrum would work as a temporary one for now if you have no funds or still planning to buy, but if you can, buy a hardware wallet immediately. Honestly, I would've probably recommended you to read up on Bitcoin, exchanges, and wallets first before telling you to proceed with your buy orders, but since that's past, we can only go for the next best option temporarily.

Honestly, you're doing fine so far, keep using electrum and don't store your coins in exchanges (in this case kucoin), and buy a hardware wallet if you actually can. Also start planning up a plan, maybe DCA as a recommendation since it's a long term investment.

[Z-tight]

Move your BTC's from Kucoin into your Electrum wallet, do not use Trust wallet, it is closed source and we do not know how the keys are generated, and Trust wallet is also owned by Binance, and CZ is very shady. Electrum is a self custody wallet, as you set up your Electrum wallet, the software will generate your seed phrase, back it up securely and in more than one location if possible. If the amount of BTC's you bought is big, you need a hardware wallet or to run electrum on an air-gapped device, but if it is not, you can use Electrum on your online device with great operational security, and you will be safe.

[Lucius]

For someone who is not well acquainted with the advantages and disadvantages of individual crypto wallets, it may be best to keep your coins where you bought them, regardless of the possible risks that arise from that.

When you acquire some basic knowledge and are able to apply them, you can save your coins for long-term storage, keeping in mind that mobile crypto wallets are the riskiest because most users have a very low level of security on their smartphones.

The same can be said for desktop wallets, although again it depends on how you use your personal computer, and although most will advise a hardware wallet, that option will only be safe if you use all the advantages of such storage, and of course ensure a properly stored backup.

[BitMaxz]

In addition to the posts above, even if you have a secured wallet without basic knowledge of how to protect your device from attacks, your Bitcoin is still unsafe to store in your mobile wallet.

I don't know what exactly your phone unit model but there are some mobile phones that have a security feature where you can store your wallet securely and safely like Samsung where they have a hidden folder protected by Knox. All my crypto wallets are installed on that Knox-secured folder copy pasting does not work on cross-profile(Or copying data from the secured folder to your personal folder but it works on vice versa) which is safe if you are doing some activity in your phone while your wallet is in a secured folder.

If your phone is not Samsung then I think installing a Kaspersky will help you protect your device from any viruses and malware attacks also it blocks some phishing sites but not all phishing based on my experienced so you still need to learn how to avoid those phishing sites.

[Despairo]

Electrum or Mycelium are good wallets because both of them are open source, non custodial and adjustable fee. But if you're use those wallet in your daily driver phone or connected to internet, you're use it as a hot wallet and it's not really safe. There's a risk your phone would be infected with malware which you not know where it's come. The best is just bought a hardware wallet e.g. trezor or ledger.

There are two forum members who use Electrum as a hot wallet but their coins are gone:
1. Hacker moved coins from my wallet
2. I've been hacked (Electrum 4.3.2)

[Josefjix]

Move your BTC's from Kucoin into your Electrum wallet, do not use Trust wallet, it is closed source and we do not know how the keys are generated, and Trust wallet is also owned by Binance, and CZ is very shady. Electrum is a self custody wallet, as you set up your Electrum wallet, the software will generate your seed phrase, back it up securely and in more than one location if possible. If the amount of BTC's you bought is big, you need a hardware wallet or to run electrum on an air-gapped device, but if it is not, you can use Electrum on your online device with great operational security, and you will be safe.

Bitcoin can be stored in both custodial and non-custodial wallets, and there are numerous wallet types to choose from. I personally use non-custodial wallet, which is secure, despite reports of the exchange's security being breached. Wallet recommendations vary based on the user's level of experience. Following the high gas fees, trust wallet is probably a good option. I would also recommend Binance wallets for quick trade because it is ranked top on the and is well-known in the market. Binance CEO, Changpeng Zhao is doing everything in his power to meet users' expectations.

[robelneo]

There's a risk your phone would be infected with malware which you not know where it's come. The best is just bought a hardware wallet e.g. trezor or ledger.

Experts will recommend hardware wallets because it's the safest it will cost you but you have peace of mind hardware wallets are good for HODLING your coins, if you want wallets that you can use if you often transact I recommend Exodus its safe and they always update their wallet I just updated my Exodus wallet before posting this.
But if one thing that you should not miss is securing where you install, whether it's a hardware wallet, a desktop, or a phone, you need as much possible advanced knowledge on how to secure where your wallet is stored.

Your security depends so much on what you know and how you apply it, remember you are your bank we know traditional banks put the strictest security, so you should be also.

[Texac]

i'm using the desktop version of Electrum, and I'm happy with it, I've been using it for five years and haven't had any problems.  but I think using a hot wallet and constantly being connected to the internet will not guarantee the security of your bitcoins, even if you are sure your security is very good.
I'm just a small investor and don't have a lot of bitcoins so I don't think I need a hardware wallet yet.  But if you have a lot of bitcoins then you are better off buying a hardware wallet, which is the best choice for storing bitcoins.

[Plaguedeath]

Experts will recommend hardware wallets because it's the safest it will cost you but you have peace of mind hardware wallets are good for HODLING your coins, if you want wallets that you can use if you often transact I recommend Exodus its safe and they always update their wallet I just updated my Exodus wallet before posting this.

A wallet which have many updates isn't a proof if the wallet is safe because Exodus is a closed source wallet and there were people complaining about Exodus, but the good one is this accusation EXODUS + N.Exchange = SCAM | STAY AWAY, even though Exodus wasn't the one who should be blamed, but they're accepting the shady third party provider is really a big question.

A hardware wallet isn't really expensive, you can buy it for ~$100 which is 1-3 weeks of signature campaign payment.

Binance CEO, Changpeng Zhao is doing everything in his power to meet users' expectations.

He was fulfill the users' expectations by not asking KYC for withdraw less than 2 BTC, but now? he use his power to manipulate it.

Don't trust any centralized exchange including the biggest or most popular.

[Wend]

A hardware wallet isn't really expensive, you can buy it for ~$100 which is 1-3 weeks of signature campaign payment.

It's less than $100, my brother just asked a friend to buy a Trezor One wallet and it's only $69. If you purchase and require shipping to your area, you may pay an additional $10 shipping fee. We can see it is not cheap but not expensive compared to the value that bitcoin will bring us. I know many people will say they don't have money, don't have a lot of bitcoins, and that buying hardware wallets is a waste. But if you consider it in the long run, it is worth it because your bitcoins will give you many times more profit than buying a wallet.

[goldkingcoiner]

Trust wallet, mycelium and electrum which of these three wallets is the most secure?
Which wallet would be better than these three wallets?
I bought Bitcoin from kucoin, so far it's in kucoin

This is more of a question you could ask in the Beginners & Help section of the Bitcointalk forum but I will gladly answer your question:

First of all, do not trust Trustwallet. Ironically, since it is closed-source, it is not a wallet you can trust. Furthermore, it is a wallet which is owned by an exchange; Binance.

Do not keep your coins in a third party wallet which can take them away from you at any time for any reason. This goes for all centralized exchanges. Kucoin and Binance included.

Mycelium and Electrum are both good wallets but I myself prefer Electrum. And I think most Bitcoiners on this forum would probably say the same thing. Although if you really value your security you should invest in a good hardware wallet, instead. That is the safest and best option currently on the market.

[avikz]

I am a newbie in bitcoin form. I invested in Bitcoin a few days ago. I don't understand one thing. I will invest in Bitcoin for the long term. I use a mobile device. Now what wallet do I use to keep my bitcoins safe. I have total three wallets installed on my mobile device.

Trust wallet, mycelium and electrum which of these three wallets is the most secure?
Which wallet would be better than these three wallets?
I bought Bitcoin from kucoin, so far it's in kucoin

Please follow some basic rules to keep your bitcoin safe.

1. Never keep your bitcoin in a mobile wallet. Mobile is easier to hack.
2. Use a desktop wallet. Electrum is a good option. Ensure you have a licensed internet security installed in your PC or laptop
3. Don't use useless/porn website from the PC or laptop where you are keeping your bitcoin. Porn websites are the greatest source of malware
4. Have a separate wallet address for receiving payment which you can disclose to public. Separate out your main wallet.

This does not guarantee that your bitcoin will remain safe and the chance is higher for sure.

[tranthidung]

Trust wallet, mycelium and electrum which of these three wallets is the most secure?

You should prioritize wallets that are open-source, non custodial (self-custodial) and have good reputation.

• Trust wallet is close-source
• Electrum, Mycellium are open-source

All three wallets are non-custodial.

I will prioritize Electrum wallet. It supports Bech32 address and Lightning Network.

I bought Bitcoin from kucoin, so far it's in kucoin

Don't store your coin on exchanges if you don't want to trade it.