Which platform is safe to store Bitcoin and can’t be hacked ?

[yudi09]

-snip-

I just repeat that no one can guarantee 100% security for each wallet that will be selected. But of the three types of storage that the OP mentioned are absolutely not good storage to serve as a place to store assets.

Storage of valuable assets like Bitcoin I recommend Electrum and Bitcoin Core (desktop) and Hardware.
Then, how to use it must be well studied starting from the installation process (Electrum and Bitcoin Core) to other techniques such as avoiding going offline to a certain stage.

[Darker45]

I echo the suggestion of others. A hardware wallet is much better. As an alternative, you might want to look for non-custodial open-source wallets. I guess you may start from there.

But this doesn't mean you are already hack-proof. You still have to strictly observe the security dos and don'ts to make sure you won't fall victim to those who try to steal to your funds. At the very least, however, you are minimizing the risk this way. Compared to keeping your funds in a centralized exchange or a closed-source wallet, your money could be stolen because of the negligence or failure of others. With your funds in a cold wallet or in a non-custodial open-source wallet, the responsibility is solely yours.

[Zaguru12]

Store your coins on non custodial wallets, store your coins on wallets that gives you complete control of your private keys and they don't keep backup. Non custodial wallets are the perfect for storing your Bitcoin. You don't have to be scared of hacks when you use one.

Exactly the problem of online hacks that happen through phishing or it’s like are eliminated when using cold wallets like the hardware wallet or the usb storage method. But other non custodian wallets like the hot wallets are also prone to been hacked if the user doesn’t keeps his keys off the internet. Also the hardware wallets can be compromised if the device is stolen with the pin known to the thief then they could easily access the seed phrase and the keys.

So the warning to OP is do not trust any exchanges most centralized exchange for storing your funds. Use non custodian wallets that are open sourced and also be careful how and where you store your hardware devices, seeds, keys and pins.

[Lucius]

I echo the suggestion of others. A hardware wallet is much better.
~snip~

We used to think so, but I think that after everything that has happened and what is currently happening with some hardware wallets, we should no longer treat them in the same way as before. The only way we can be somewhat sure that someone will not hack us is to create an airgapped wallet, and after that to protect the backup by saving it in the safest possible place, noting that we should always have one additional backup that would be stored in some alternative location. Everything else is a risk, and the only difference is how big that risk is.

[tranthidung]

We used to think so, but I think that after everything that has happened and what is currently happening with some hardware wallets, we should no longer treat them in the same way as before. The only way we can be somewhat sure that someone will not hack us is to create an airgapped wallet, and after that to protect the backup by saving it in the safest possible place, noting that we should always have one additional backup that would be stored in some alternative location. Everything else is a risk, and the only difference is how big that risk is.

Even no bad upgrades like Ledger wallet with Ledger Recovery Service, the best wallet for each person is what he can afford to have it, if not free, must afford to buy it, and can use it appropriately in security and privacy.

Like if I don't have a hardware wallet, I can still use Bitcoin Core or Electrum wallet with cold storage or multisig setup. Free and good to use so it is best for me.

[Guide] Secure air-gapped crypto wallet storage method

[indah rezqi]

-snip-

I just repeat that no one can guarantee 100% security for each wallet that will be selected. But of the three types of storage that the OP mentioned are absolutely not good storage to serve as a place to store assets.

For daily use i.e. for low amount of assets then I think any of the mentioned wallets are still worth considering. But of course when the OP wants to use it as a long term storage wallet then some hardware wallets and non-custodial wallets are recommended.

The Electrum multi signature wallet is also secure enough for long term storage but always remember that you need to diversify your assets across multiple wallets as it is highly recommended that you do not keep them in one basket. You can use Electrum as well as bitcoin core, while you can also use hardware wallet. This is good option to consider besides airgapped.

[jaberwock]

As ETFbitcoin said, there is no such thing as absolute safety, everything is relative, and the security of your assets is entirely dependent on how you hold them. Even if you own a highly secure device, with your carelessness, the risk will still exist.
But all 3 platforms you are using are insecure and unreliable. I mean, you are giving your assets to a 3rd party to control, they can get hacked or can get greedy and steal your assets. You do not have full ownership of your assets when using centralized platforms. Learn about non-custodial wallets, especially open source hardware wallets, which are considered the best solution today for our crypto assets. Where you have full control over your property and its safety is entirely up to you.

That's such a common thing and yet so many people miss it. I know that there is no guarantee, and with 15 years or so give or take in the crypto world we have seen all kinds of scary scams and hacks and all the bad stuff, so people should be aware how hard this would be like. And yet for some reason they don't and that's a very important thing, that's very very important.

This is why I believe that we shouldn't be really considering this as a big deal, it is not going to be that easy at all, it is going to be quite troublesome. I believe that we can't really make this happen that easily, it is going to be just our own safety and security added on top of what the products offer that will make sure that it is safe, if we are not safe, no product could make it safe.

[Eternad]

Hardware Wallet is the safest device to store your crypto because it can be considered an air-gapped device. Electrum is also safe if you knew exactly how to protect your private key/seed phrase.

I store Bitcoin on blockchain, Binance and trust wallet. I’m just wondering which other platform is safer and more secured? Since all 3 have been hacked before.

But judging on this statement, I think you don't have any idea about custodial and non-custodial wallets so a hardware wallet is the best choice for you since you can't be distinguished what's really safe for your crypto assets. Explore more in the forum to learn more about the safekeeping of your assets. Avoid custodial wallet and exchange because you don't have full control of coins!

[John Abraham]

I store Bitcoin on blockchain, Binance and trust wallet. I’m just wondering which other platform is safer and more secured? Since all 3 have been hacked before.
 Remember when Binance was first reported that $100 million was hacked from their account, then the number went up drastically. so about 2 million tokens of BNB (worth about $570 million) was  withdrawn.
Trust Wallet was also hacked and it caused the platform a damage of about $4 million estimated lose. Also, blockchain public data shows that hackers have stolen about  $2 billion in blockchain cryptocurrency.

Nothing is secure enough if you don't have enough knowledge of how hacking works. Let's say you use the most secure hardware wallet but don't know how to keep it secure. If you are dumb enough to write your seed phrase online or store it digitally, You are not secure anymore. Some people do worst than that. They log in to phishing websites using their seed phrase. If you can store your seed phrase securely and keep your computer trojan, virus free or don't fall for any trap. A software wallet like Electrum could be a good choice for daily use and holding a couple of thousand dollar worth of Bitcoin.

Currently, you are using Blockchain, Binance and trust wallet. I don't know that much about Blockchain.com. But, I don't recommend anyone to hold their Bitcoin on an exchange like Bitcoin. If you keep your Bitcoin in a centralized wallet, It's no longer yours. Avoid using centralized exchanges to hold your Bitcoin. About Trust Wallet, This is a closed-source multi-coin wallet. They were open-source and suddenly became closed-source wallets (See quoted post by o_e_l_e_o). Moreover, they have been hacked before.

Trust wallet is not open source.

Here is their blog post announcing they are becoming closed source about 4.5 years ago: https://trustwallet.medium.com/why-open-sourcing-android-app-could-be-a-harm-to-the-crypto-community-fb3ae1707dc6

Here are the links to their Github repositories which show they are both archived and have had no updates in 4 years:
https://github.com/trustwallet/trust-wallet-android-source
https://github.com/trustwallet/trust-wallet-ios

They outright lie on their website when they claim to be open source. If being closed source isn't enough to convince you to stay away, then them outright lying to you should be. They are also owned and operated by Binance, so you can guarantee you will have absolutely zero privacy when using Trust wallet.

Avoid it.

[KiaKia]

Hardware wallets are the most secured of them all but that doesn't mean it's 100% completely safe, if you leak your private key your fund will disappear, do not expect your hardware wallet to do something crazy and get your funds back, it's gone for ever.

Keeping your hardware wallet safe is the main goal, forget about how secured they are, you need to write your recovery seed somewhere no one can see, and you need to be careful with what you connect your hardware wallet with, e.g. computers.

[Oneandpure]

First, there are not any one place guarantee with your bitcoin assets holding is secure from hacking but most recommended use hardware wallet such as Ledger or Trezor for saving your assets. But if you want save Bitcoin assets in hardware wallet you need purchase or buying Bitcoin on exchange market before sending to hardware wallet, here important which one trusted exchange use for purchasing Bitcoin. For me, Binance is the most secure exchange cryptocurrency exchange market for saving Bitcoin although you have explain about how much fund have been hacked in their account. Indeed has local exchange market currency seems are most secure place for holding Bitcoin but better hold in hardware wallet for more secure and has by own self controlling with our assets.

[mendace]

I store Bitcoin on blockchain, Binance and trust wallet. I’m just wondering which other platform is safer and more secured? Since all 3 have been hacked before.
 Remember when Binance was first reported that $100 million was hacked from their account, then the number went up drastically. so about 2 million tokens of BNB (worth about $570 million) was  withdrawn.
Trust Wallet was also hacked and it caused the platform a damage of about $4 million estimated lose. Also, blockchain public data shows that hackers have stolen about  $2 billion in blockchain cryptocurrency.

I'm writing probably late and I'm sure someone has already answered you but Binance is absolutely not the place to hold your Bitcoins because it is a centralized platform and you do not have the private keys to access your funds but only an account.  You should start looking at hardware like coldcard or bitbox.

[Faisal2202]

Dear op you are absolutely right, and that's why the slogan of most of the members of this platform say "if you do not own the key then you do not own the assets" and i know that's totally imply on Binance and so we should avoid to store big amounts of assets on Binance wallet because who knows what will happen to these exchanges over night and many people had learned this lesson the hard way by losing there assets in FTX exchange.

Plus, no wonder this slogan is also imply on trust wallet but in the context of positive signal because no dou t we do own the key but we do not know what is laying under the interface of Trust wallet (mean in coding) its means trust wallet is close source wallet. To store your assets for long term you should avoid any of these platform and directly goes for Hardware wallets but if you still wants to prefer these platform then chose those on which you will have full ownership of the account and the platform will not be close source in that way any vulnerability in that platform (like electrum) can be easily detected by there developer. And tbh i was not aware of the hack attempt on Trustwallet so thanks for the info but please try to provide source of your statements.

[Rengga Jati]

I store Bitcoin on blockchain, Binance and trust wallet. I’m just wondering which other platform is safer and more secured? Since all 3 have been hacked before.

In my opinion, no online platform is 100℅ safe and cannot be hacked. As long as it is digital, online, then there will be the potential to be hacked. Even though each platform has actually tried various things by improving its security system to avoid the threat of cyber crimes such as hacks and others. However this doesn't guarantee 100℅ that they won't be hacked.

 If you really want something more secure, then hardware wallets are the answer, but you also have to be careful because there is the possibility of malware, phishing or other things that can also be at risk of losing.

[serjent05]

I store Bitcoin on blockchain, Binance and trust wallet. I’m just wondering which other platform is safer and more secured? Since all 3 have been hacked before.
 Remember when Binance was first reported that $100 million was hacked from their account, then the number went up drastically. so about 2 million tokens of BNB (worth about $570 million) was  withdrawn.
Trust Wallet was also hacked and it caused the platform a damage of about $4 million estimated lose. Also, blockchain public data shows that hackers have stolen about  $2 billion in blockchain cryptocurrency.

I'm writing probably late and I'm sure someone has already answered you but Binance is absolutely not the place to hold your Bitcoins because it is a centralized platform and you do not have the private keys to access your funds but only an account.  You should start looking at hardware like coldcard or bitbox.

Not only Binance but other online exchanges as well.  There is no 100% safe and hack proof sites online.  It is only a matter of time before the site is breached and gets hacked, so it is safer to put funds in the wallets stated by the earlier replies.

According to Investopedia these wallet are known best:

Best for Security: Trezor Model T
Best for Integration: Ledger Nano X
Best for Advanced Bitcoin Users: Electrum
Best for Beginners: Exodus
Best for Mobile Users: Mycelium

source

[Darker45]

I echo the suggestion of others. A hardware wallet is much better.
~snip~

We used to think so, but I think that after everything that has happened and what is currently happening with some hardware wallets, we should no longer treat them in the same way as before. The only way we can be somewhat sure that someone will not hack us is to create an airgapped wallet, and after that to protect the backup by saving it in the safest possible place, noting that we should always have one additional backup that would be stored in some alternative location. Everything else is a risk, and the only difference is how big that risk is.

Unfortunately, yeah. The recent controversy involving a hardware wallet has made me realize these wallets aren't as simple as it all seemed after all. And now the other popular brand is recommended almost without competition. But who can actually tell when it will have its own controversial firmware update?

Creating an air-gapped wallet is definitely much better, especially worth looking into more seriously with the recent hardware wallet controversy. It seems a little bit complicated, though.

[crypticj]

There are no safe platforms. The safest way to hold BTC is not to hold them in a wallet or cold storage.
And even then you are not really safe because you can lose your device and stuff.
So it's just a different type of risk, but I think it's safer to just hold it in your wallet because then BTC belongs to your and not the platform and no one can't take it away unless it will be your fault.

But I think if you want to hold a small amount of crypto on the exchange, then balance will be the safest option because it's already too big to easily go down.

[Iranus]

I store Bitcoin on blockchain, Binance and trust wallet. I’m just wondering which other platform is safer and more secured? Since all 3 have been hacked before.

In my opinion, no online platform is 100℅ safe and cannot be hacked. As long as it is digital, online, then there will be the potential to be hacked. Even though each platform has actually tried various things by improving its security system to avoid the threat of cyber crimes such as hacks and others. However this doesn't guarantee 100℅ that they won't be hacked.

 If you really want something more secure, then hardware wallets are the answer, but you also have to be careful because there is the possibility of malware, phishing or other things that can also be at risk of losing.

After all, storing bitcoins online is really too risky, and hardware wallets are still the safer option. But let's not forget what is happening with Ledger, and we also won't know what will happen to other hardware wallet providers. These impacts are all coming from the government, so it is safe to say that finding the safest place for bitcoin is very difficult these days. I am still using a hardware wallet, but with what has happened, I feel more insecure than ever, I really don't know what to believe and what is the safest solution.

[yudi09]

I just repeat that no one can guarantee 100% security for each wallet that will be selected. But of the three types of storage that the OP mentioned are absolutely not good storage to serve as a place to store assets.

For daily use i.e. for low amount of assets then I think any of the mentioned wallets are still worth considering. But of course when the OP wants to use it as a long term storage wallet then some hardware wallets and non-custodial wallets are recommended.

I would not agree with Trust Wallet to be used as a store of assets that are used daily even if it is a small amount.
Since small habits can have a big impact, I mean they will become permanent habits.
It's better to use another wallet that is much better than Trust Wallet.
Apart from the Trust Wallet mentioned by the OP, there is binance.

The Electrum multi signature wallet is also secure enough for long term storage ... ...

Electrum and Bitcoin Core can indeed be trusted and have proven good as asset storage among other wallets that function the same as these two types of wallets.

[bayu7adi]

Electrum remains the top choice.
When it comes to security, Electrum is widely recognized as incredibly safe and has gained the trust of countless individuals for over a decade. It is an open-source wallet that supports multisignature functionality, and what I particularly appreciate about Electrum is its lightweight nature. This means you don't have to download hundreds of gigabytes of blockchain data to stay connected online.

Electrum caters to both mobile and PC platforms, so you can enjoy a high level of security even while on the move. If you still feel the need for extra security measures, you can enhance it by utilizing popular hardware wallets such as Trezor, Ledger, and others.