Which wallet should be used to keep bitcoin safe?

[ajiz138]

One thing if you want to invest long term but still confused which wallet to use then the best wallet is hardware at least you take the time to buy it and if you don't have enough money to buy it then you can save from now then the Bitcoin you save in Electrum because it is the best type of wallet I feel.

Actually there are many types of good wallets but Electrum is more recommended because it has a good reputation.
Saving in a hot wallet does have risks, there are also some cases where their wallets can be hacked and that's what you have to watch out for, especially if you have long-term plans for bitcoin, so it's better to try to buy hardware.

[Rupok]

I use Coinbase wallet, I find Coinbase wallet very safe.  Coinbase wallet is best for holding bitcoins. But if one wants to invest bitcoins without holding then trust wallet is better.  However, many people are worried about wallets because each person suggests different wallets.  However, hardware wallets are much safer than software wallets.

[Z-tight]

I use Coinbase wallet, I find Coinbase wallet very safe.  Coinbase wallet is best for holding bitcoins. But if one wants to invest bitcoins without holding then trust wallet is better.

Two very bad options that are not recommended. Coinbase wallet and Trust wallet are both closed source, these are wallets that you cannot verify their codes and be sure of what is happening behind the scenes. Coinbase wallet is also owned by coinbase[dot]com and Trust wallet is owned by Binance, with the recent events happening to centralzed exchanges and services, it is a bad choice to use a wallet owned by one, even if they claim it is self custody and that you own the seed phrase, you can't be sure how it was generated or if you'll lose your funds if the parent exchange collapses.

That you have recommended two bad options as the best for holding BTC's shows you don't know what is safe for your funds. Use Electrum, it is a self custody wallet that is open source and recommended by a great part of the BTC community.

[Flexystar]

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

You should not be keeping your bitcoins in an exchanger for longer than required. Well, you can even move these bitcoins to a secure location while you are still looking for good wallet. I would suggest you should create a new address from the bitcoin address generators available from various sources. I would recommend to visit GitHub bitcoin address generator which seems to be way safer.

You will get two things out of bitcoin generator. First, a private key which you should not be sharing with anyone since it is your way to access your coins over wallet where you will be importing this address.

Get your coins transferred to this newly generated address. Believe me now you are 99% secure as compared to having them on exchanger. :-)

The next up, once you select the wallet, and in this case preferably desktop version of Electrum wallet. Here you can import your above generated address and have them safely stored.

[when_lambo]

The only safe place to keep your private key and access to your BTC is your brain. Memorize your private key.  

[Z-tight]

The only safe place to keep your private key and access to your BTC is your brain. Memorize your private key.  

With the emojis at the end i don't know if you are trolling, but your brain is probably the worst option to store your keys or seed phrase, you can naturally forget it or its correct sequence, or a brain injury or disease could also affect you and you will forget what you have stored in your memory. Write your seed phrase down on a sheet of paper and have more than one backup in possibly two different locations; or you could engrave your seed phrase into steel for it not to be destroyed by fire, water, etc.

[jossiel]

You already have a choice and that's Electrum. That's a good wallet to begin with your holdings, so if your bitcoins are still in kucoin then transfer it immediately now.

However, the fees have been too high lately so check the fee first before transferring and see if kucoin's withdrawal fee is still bearable or not.

And from there, decide if you're willing to proceed the transaction and if it's okay to you the fee that they're showing to you that shall be deducted to your principal amount of btc there.

[Bd officer]

Thank you all for explaining so beautifully. Many people talk about many wallets, I chose Electrum wallet. I am going to use electrum wallet.

[Reid]

Try to invest in a desktop too. Use Electrum there instead and it's a good way to keep you out from your investment. To avoid spending it or buying and selling if your purpose is long term investment.
Mycelium for mobile devices but this is only as a wallet, just for your own spending purposes if ever you are having some financial troubles.
When it comes to keeping, it's either a cold wallet if you have some money to spare or what I said earlier, Electrum for temporarily keeping it. As your investment grows you must really invest with a secured option.

Welcome to the forum and have an enjoyable journey learning about Bitcoin.

[Jikokaihatsu]

Among all the wallets you mentioned Electrum is by far the best and safest of them all but if you want extra measures to keep your bitcoin safe you can always buy a hardware wallet.
As many people already told you never trust cex to store your crypto holdings. Not your keys, not your coins.

The only safe place to keep your private key and access to your BTC is your brain. Memorize your private key.  

Not so safe at all. Memorizing 12 word seed phrase is already hard for some of us let alone a whole private key who consist of random numbers and letters.

[Texac]

I use Coinbase wallet, I find Coinbase wallet very safe.  Coinbase wallet is best for holding bitcoins. But if one wants to invest bitcoins without holding then trust wallet is better.  However, many people are worried about wallets because each person suggests different wallets.  However, hardware wallets are much safer than software wallets.

Although there have not been any problems for those, who have been using the 2 wallets you mentioned.  but it is very risky to use them to store your bitcoins, both are closed source wallets, and it is not more secure than Electrum or other open source wallets.  I recommend moving all your bitcoins out of them and finding yourself a real non-custodial wallet.  i recommend you and OP to use Electrum as I mentioned earlier.

[Lucius]

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

This is something we constantly warn about, but as I wrote in my previous post, for a beginner who is not familiar with how non-custodial wallets work, there is a significant risk that something bad can happen even if he keeps his coins in a non-custodial wallet. I would advise every beginner to first learn some basics, and only then invest - otherwise there are chances that something bad will happen, and we know that mistakes are expensive.

Thank you all for explaining so beautifully. Many people talk about many wallets, I chose Electrum wallet. I am going to use electrum wallet.

It would be good if you read how to safely download and use Electrum ->

[GUIDE] How to Safely Download and Verify Electrum [Guide]

[tjtonmoy]

I think electrum wallet is the best wallet out there if you are using a mobile device.  Trust wallet has the reputation of getting hacked multiple time, so I don't trust it anymore.   I have no experience in mycelium, so can't say for sure if it's good or bad.  I have seen multiple thread about the best wallet and electrum seems to be the best option.
Keeping your Bitcoins in a centralized exchange is not a very good idea.  And keeping Bitcoin in software wallet in smartphones is also a bad idea because it can be hacked anytime.  If you can get your hand on a hardware wallet, then spend the money to buy it.  There's nothing more secure than a hardware wallet.

Be sure to watch some tutorials on how to use the electrum wallet.  It can be somewhat complicated to use this wallet. But it offers so many functions that you can explore to get the best result. Once you get used to it, it will become so easy to use. Just take your time and be sure to use the best one.
One last thing that I want to say is that as this is also a software wallet, there is no guarantee that it can never be hacked.  It can be compromised at any time, but given all the review, I think electrum will be the best option for the time being.  After that, switch to hardware wallet.

[Magic-Money]

They are many Bitcoin wallet to use enable to keep his or her Bitcoin safe, I prefer using trust wallet app, is very easy to use, while keep the private key and phase code safe, and is control by the owner of the wallet.

[Gulttam2a2]

Many suggest Coinbase wallet and Blockchain wallet to hold Bitcoin for long time which is not correct. Normally,we keep the money in the bank or with ourselves,we can spend it whenever we want. In that case,if we keep money in the bank,maybe we have to withdraw the money by check or go to ATM booth and then spend it. Keeping money in the bank means that we have kept our money safe with others. This means that keeping money with yourself and keeping money with another institution is what we generally call custodial and non-custodial wallets. Custodial wallets hold money with an organization we call Coinbase. Moreover,they exchange in any other wallets such as Binance, Kokoin, etc. These are all custodial wallets. On the other hand non custodial wallet is to keep money in your pocket,you can spend money whenever you want, you can give it to someone, here you don't have to ask permission from anyone,you can withdraw money whenever you want, here you have complete control. There are many non-custodial wallets for Bitcoin,such as Bitcoin Core,Electrum Wallet, Hardware Wallet, Ledger, etc. In my opinion non custodial wallet would be better to hold bitcoins.

[Ultegra134]

Thank you all for explaining so beautifully. Many people talk about many wallets, I chose Electrum wallet. I am going to use electrum wallet.

It's a good choice; in my opinion, it's the best one out there. I've been using it for the past few years, and I'm perfectly satisfied; it's simple and efficient. As others have already mentioned, if you're not actively trading, avoid stalling your funds on a centralized exchange; there are plenty of examples of them suddenly failing, such as Mt.Gox or FTX. I also saw some users recommending online wallets, which should be avoided at all costs. I've lost money that way.

Moreover, if I were you, after you're accustomed to cryptocurrencies and hold some Bitcoin or other coin yourself, I'd consider purchasing a hardware wallet, preferably Trezor, because there's currently some commotion regarding Ledger, one of the two most well-known options.

[taufik123]

-snip-

Reading your explanation it seems that you are familiar with the various wallets for storing Bitcoin, but the best of all is the Non-Custodial Hardware Wallet that will give you complete freedom. Your keys your coins.

I also use Electrum Wallet Mobile for my portable use, it is one of the wallets that many users prefer over other Bitcoin wallets.

And an exception to Ledger's Hardware Wallet, due to recoverable and insecure keys for now.
Trezor may be the top choice over other Hardware Wallets.

[90sbb]

I like my cold wallet I got from ellipad best way to protect crypto far as I know

[nakamura12]

I like my cold wallet I got from ellipad best way to protect crypto far as I know

There are other wallets that can be used to keep your crypto safe like electrum and other known open source wallet. It's important that as a person with crypto then It's better if you keep the important information saved and have a back up of the information so that accessing the wallet is possible.

[Agbe]

Removed your coins from kucoin, and don't try to keep your coins in any exchange platform or wallet. Keep your coins in a non custodian and decentralized wallet where nobody will see and control your funds. And best wallet among the three wallets you mentioned, I recommend Electrum Wallet for you. I have used Trust Wallet. My trust wallet will frustrate you and when you want to transfer from those above Electrum is the most best among the thre