How to Save Bitcoins for Future

[Sarah Azhari]

Just buy them on any CEX you find easy to use and let it be there. Kraken is the most trusted and followed by Coinbase.
Instead of being a nerd, creating your own wallets and risking it to various malicious attacks, I would just simply trust the companies who are spending millions on security.

I don't know why another member didn't compare this post if saving and keeping the crypto on exchange is not safe and dangerous. We already know, the exchange is a third party where we don't own the private key, which means we don't own our treasure. Exchange, even if the company who have spent millions of dollar money, but we don't know next, we are of corse aware and understand what happened in other exchanges like MTgox, FTX and the latest one is Hotbit.

I definitely wouldn't dare to save in exchange for 1 satoshi even if that exchange has spent multi-trillion dollars.

Remember  that disasters especially  in cases of fire, flood, war and even earth quakes can't be easily predicted and at such I think your method is obsolete and I don't even feel safe using a hardware wallet despite its cost

That even better to lose it by myself in a safebox than lost stolen by Google, Apple, or other clouds.

For someone who is only making use of a mobile device for now, will it be safe to still download and use Electrum wallet on the mobile, seeing that there is no other device except on an OTG flash where I can save this wallet?

You have to root your phone to know the wallet file, but I won't be recommended it if you are not familiar with that.

I think saving bitcoin in a hardware device is one of the safest ways to save bitcoin for the future,because you don't need to panic if the hardware breaks, get burnt or stolen, all you need is just to secure your passphrase and you're good to go.

It depends on you, I have a friend who has a hardware wallet stolen in his drawer. My method above is free, you don't need to spend the money to buy a hardware wallet.

[Peanutswar]

If you really want to save for your future better to invest in your security, some of the software we are using have a malware that causes a possible steal of asset, so make sure you have a secure device first, if you don't have a budget yet for the hardware wallet get electrum which really comes from their platform itself. @op you can include where to download their sources.

Code:

https://electrum.org/#download

If you can now have a budget ideal to get your own Trezor wallet and Ledger you can use those hardware wallets and connect to your electrum too. Exchange is use only to change your coins into other coins and not serve as a wallet, you don't have a full access to your funds. Better to become safe than sorry.

Code:

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

[drwhobox]

I think saving bitcoin in a hardware device is one of the safest ways to save bitcoin for the future,because you don't need to panic if the hardware breaks, get burnt or stolen, all you need is just to secure your passphrase and you're good to go.

The best way to store bitcoin in a secure way is storing the coins in a hard wallet. But OP is talking about free and best way of storing bitcoin with electrum. I think a majority number of people use elecrtrum wallet, because it is free and easy to use.

Most newbies don't invest large amounts in bitcoin so it is not ideal for them to invest in a hard wallet, the best free option to store or save bitcoin is Electrum.

[AdRep]

More easy buy a ledger?

[Rigon]

Actually Hardware wallet are the most secure wallet for storing bitcoin. Here for those of us who feel various problems (such as money problem) to buy the desired wallet, this Electrum wallet is definitely very important. There are many people who hold Bitcoin as an investment but in an unsecured wallet. To all those people here OP has very nicely given all the information to create electrum wallet you can see from here open electrum wallet and store your bitcoins there. I think your Electrum wallet will be as safe as hardware wallet. So we will not use insecure wallets from now on. We will use this electrum wallet for free within our means.

[Luzin]

Actually Hardware wallet are the most secure wallet for storing bitcoin. Here for those of us who feel various problems (such as money problem) to buy the desired wallet, this Electrum wallet is definitely very important. There are many people who hold Bitcoin as an investment but in an unsecured wallet. To all those people here OP has very nicely given all the information to create electrum wallet you can see from here open electrum wallet and store your bitcoins there. I think your Electrum wallet will be as safe as hardware wallet. So we will not use insecure wallets from now on. We will use this electrum wallet for free within our means.

When I read a lot about storage wallets, everything comes with risks. But the least risk is using a hardware wallet. Although I haven't tried, in general many use it. Hardware wallets that are rarely connected to the internet will feel safer. So also make sure your computer is safe enough from viruses that can copy your data.

Electrum one of the best storage wallets today. Many people have used it, they also continue to develop security features. Maybe if you use electrum maybe you have to record the password and seed then delete your application from your laptop or phone. If you need, maybe you can install it from the original source of the application and then you delete it again.