My First Wallet.

[umbara ardian]

When people feel comfortable about hardware wallets I always laugh, do you know think that you are hack proof? Don't fool yourselves, you still need to be extremely careful how you use that hardware wallet and you still need to worry about the maker themselves, hopefully they don't mess thing up through software updates and other.

If anything beats offline wallet like paper wallet I will like to know what it is, even if it's airgapped or whatever, your worries isn't the end because where you are going to keep your seed is very important, talk less about owning crypto in the public too to avoid dangerous attention.

Believe me, after a hardware wallet it's not over still, it's the beginning,  the beginning of your cautiousness.

You seem to care about keeping your seeds safe. That is, you care about protecting the cryptographic information that your hardware wallet stores. This is an important issue and yes, you should.

However, with a proper hardware wallet and the right security measures, it proves to be one of the safest methods to store and manage your cryptocurrency. Although no system is completely secure and impenetrable. Therefore, it may be wise to do it correctly and limit the publicity of information about owning cryptocurrencies to avoid the attention of those with malicious intent.

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[BRINIRHA]

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I think you have done the right thing in this regard (Using a safe place to store your long term Investment). Because some people even ignore this. And they stick with their hot wallets. But yeah, it's about caution as well as convenience. so as long as you can store your Seed Phrase safely then everything will stay safe.

[Agbe]

Wow! This is interesting. Trezor would have been the best for the hardware wallet but every disappointment is a blessing, you have been blessed with multifunction hardware wallet to use any coins for of your choice. You are saying, you want to use it for the main time but I advise you to keep it for further uses of other coins that have been listed in the wallet. Who knows whether you will use or invest in other coins which you want to add it to bitcoin investment because diversity is good.
And also, this your thread will be very suitable for wallet software and in the wallet software you go to hardware wallet https://bitcointalk.org/index.php?board=261.0 and place it there. Congrats for purchasing hardware wallet for the first time. This has been my dream for some time.

[Framelover]

Although this wallet is not only focused on bitcoin because there are some features that I will not use and of course there are some disadvantages but I will use this wallet for storing my bitcoin assets at this time. But I will probably only use this for a while because I still want something else for my Hardware Wallet.

It's great to see you investing in Bitcoin and considering different wallet options to secure your assets. Recognizing your own tendencies and the potential for mistakes is a valuable self-awareness.
At last, despite the challenges and drama, you have ultimately been able to purchase a wallet for your Bitcoin storage. It's a pragmatic decision to prioritize the security of your assets.
I wish you good luck with your new wallet, and I hope it providea you with the security and peace of mind you seek.

[Lillominato89]

Although this wallet is not only focused on bitcoin because there are some features that I will not use and of course there are some disadvantages but I will use this wallet for storing my bitcoin assets at this time. But I will probably only use this for a while because I still want something else for my Hardware Wallet.

Sorry for saying this and I don't want to ruin your fun, but Safepal hardware wallet is probably one of the worst hardware wallets you could buy at the moment.
Safepal is closed source black box from China, they stole and altered and violated original source code, and they are doing the same thing like ledger walelt with restore feature, but it's even worse because they are storing it in cloud  
I wouldn't consider this to be safe device for anything and I wouldn't recommend it to anyone, especially when there are much better Open Source alternatives.

In our coming update, we will support the iCloud/GoogleDrive key backup mechanism. If users lose their seed phrase, they can recover the wallet via their cloud-end back-ups.

Source: https://medium.com/lysithea-ventures/an-insightful-exchange-recap-of-safepal-ama-with-ceo-veronica-3479ee32b796

One of my old topics are explaining with more details most of the Safepal flaws:
https://bitcointalk.org/index.php?topic=5317884.0

i didn't know about this news, has safepal received an attack? are there any reports of users having their balances stolen? i also have and use safepal but i was considering buying a jade blockstream, i'm looking for the best solution for a bitcoin only hardware wallet that's right for me, and to use safepal only for shitcoins

[crwth]

I think that's the department where they are responsible for parcels coming in and out of the country right? It maybe taxes that prevented your package to be shipped to you or something. It really is hard to trust that anyone who is calling you and asking for money is out there and be seen as a scam etc.

I haven't tried SafePal and I have read good reviews about it too. How are you doing with it OP?

[Fivestar4everMVP]

A big congratulations mate on the purchase of your very first hardware bitcoin wallet, this is very impressive and encouraging to most of us who still very much depend on wallets like electrum and Mycelium for storing our bitcoins, i personally can not wait to make the same move, i will probably have to find out if trezor and safepal both ship to my country, then i weigh the cost and see which to go for..
But now for those of you who are well experienced with this two wallet, and maybe ledger included, which of this is the best aside one being more expensive than the other? asking this because i know that for some products, being expensive does not necessarily mean they are the best.

[leonair]

Nice op. I'm interested in buying a hardware wallet but haven't bought it yet because I don't have a large amount of money to store. The amount of bitcoins I have can be safely stored in a software wallet.  However, software wallets are very risky. I think you won't have any trouble using it.  I am thinking of ordering one very soon. thanks for sharing this here op. congratulations for your first purchase a hardware wallet

[aylabadia05]

[snip]

I've never used SafePal. Based on your experience using it, is it comfortable and there are no worries?

I think you have done the right thing in this regard (Using a safe place to store your long term Investment). Because some people even ignore this. And they stick with their hot wallets. But yeah, it's about caution as well as convenience. so as long as you can store your Seed Phrase safely then everything will stay safe.

Among the people on the ignore list that you mean there are those who are too concerned with security to keep their assets. They really care about wallet security even though they can only afford software wallets like the electrum wallet. Those who use the electrum software wallet have also done the right thing.

I agree hardware wallets are more secure to use, but using software wallets like electrum are also very safe as their use is taken care of properly. In terms of age, it can be said that it is short, maybe yes, because in the past two years I have been using electrum, nothing has happened.

[Ryu_Ar1]

I haven't been back here for a while and I've got a lot of work to do as a form of accountability for what I've done by making this thread

Although this wallet is not only focused on bitcoin because there are some features that I will not use and of course there are some disadvantages but I will use this wallet for storing my bitcoin assets at this time. But I will probably only use this for a while because I still want something else for my Hardware Wallet.

Sorry for saying this and I don't want to ruin your fun, but Safepal hardware wallet is probably one of the worst hardware wallets you could buy at the moment.
Safepal is closed source black box from China, they stole and altered and violated original source code, and they are doing the same thing like ledger walelt with restore feature, but it's even worse because they are storing it in cloud  
I wouldn't consider this to be safe device for anything and I wouldn't recommend it to anyone, especially when there are much better Open Source alternatives.

Thank you for the warning sir, I too now continue to be cautious but have been using for some time now even though it's only a portion of my assets moreover I feel a little sorry if it's been bought but not used.
On the other hand I am also still trying out some things with the wallet I have which is only 3 weeks old.

I'm also currently trying to find another hard wallet because there are so many warnings and conditions that are said to be not very secure and I'm also looking at some recommendations at the moment. do you have any suggestions for additions?

I think that's the department where they are responsible for parcels coming in and out of the country right? It maybe taxes that prevented your package to be shipped to you or something. It really is hard to trust that anyone who is calling you and asking for money is out there and be seen as a scam etc.

I haven't tried SafePal and I have read good reviews about it too. How are you doing with it OP?

That's the thing, I've never dealt with anything like this before because I rarely buy goods from overseas so I didn't really understand the taxation system that exists regarding overseas purchases so when a call asking for money for the parcel to be sent was made I was suspicious even though it was the truth but still I wasn't explained in detail and made my parcel return to the distributor.

In the last 3 weeks I tried to keep a small portion of my funds in safepal and tried a few times to also send and for the time being I don't really have a problem but when so many people say that this is not very good of course I also have a sense of concern and will probably look for a new wallet that is more secure.
Even though I haven't had any problems for the past 3 weeks, I'm still worried about it.

A big congratulations mate on the purchase of your very first hardware bitcoin wallet, this is very impressive and encouraging to most of us who still very much depend on wallets like electrum and Mycelium for storing our bitcoins, i personally can not wait to make the same move, i will probably have to find out if trezor and safepal both ship to my country, then i weigh the cost and see which to go for..
But now for those of you who are well experienced with this two wallet, and maybe ledger included, which of this is the best aside one being more expensive than the other? asking this because i know that for some products, being expensive does not necessarily mean they are the best.

You have to find out first mate, it's actually possible to send it but you have to pay attention to the regulations in your country in the tax system and others, don't let what happened to me happen to you
Even though it is certain that the money is also returned but still there is a feeling that cannot be expressed when the item we want and have bought but does not arrive properly it is our money that returns.

[snip]

I've never used SafePal. Based on your experience using it, is it comfortable and there are no worries?

Worries, of course there are especially many who remind that Safepal is closed source from China, they steal and change and violate the original source code just like @dkbit98 said, obviously this gives me concern.
I also still can't give much experience because I've only been using this for 3 weeks and only a few times I tried to transfer and receive bitcoins although so far it's been fine for me.

[Z-tight]

The amount of bitcoins I have can be safely stored in a software wallet.  However, software wallets are very risky. I think you won't have any trouble using it.  I am thinking of ordering one very soon. thanks for sharing this here op. congratulations for your first purchase a hardware wallet

Software wallets that are run online are risky and prone to being hacked, but a software wallet can be as safe as a hardware wallet if the keys and seed phrase are generated and stored in a completely air-gapped device. If the device is never going to be connected to the internet, then it is safe to store your funds in them.

But now for those of you who are well experienced with this two wallet, and maybe ledger included, which of this is the best aside one being more expensive than the other? asking this because i know that for some products, being expensive does not necessarily mean they are the best.

Safepal and Ledger are not recommended hardware wallets, Safepal is closed source and has many other flaws, while Ledger is now a mess because of the new Ledger recovery service. Trezor as well is adding CoinJoin to the services they offer, but they are using Wasabi for their CoinJoin, which works with a blockchain analysis company to blacklist certain UTXO for reasons that only them know of, so i may not recommend any of these three wallets. But for open source hardware wallets options, check this topic: https://bitcointalk.org/index.php?topic=5288971.0

[BRINIRHA]

I think you have done the right thing in this regard (Using a safe place to store your long term Investment). Because some people even ignore this. And they stick with their hot wallets. But yeah, it's about caution as well as convenience. so as long as you can store your Seed Phrase safely then everything will stay safe.

Among the people on the ignore list that you mean there are those who are too concerned with security to keep their assets. They really care about wallet security even though they can only afford software wallets like the electrum wallet. Those who use the electrum software wallet have also done the right thing.

I agree hardware wallets are more secure to use, but using software wallets like electrum are also very safe as their use is taken care of properly. In terms of age, it can be said that it is short, maybe yes, because in the past two years I have been using electrum, nothing has happened.

So true. As I said before that as long as we can store our wallet seed phrases properly and safely then everything will be fine even if it's just a software wallet like you meant (elektrum) and another Bluewallet. Because basically it's about whether we can store safely or not. Even though we use a hardware wallet, we can't hide the Seed Phrase properly (it's not secure). So it will still be prone to theft. It's just that hardware wallets have a better edge in terms of security against phishing attacks and such.

[dlightag]

My first wallet was created direct from trust wallet app, which is used to receive TWT Coin as a new person in Blockchain and also guide by a friend, that told me of the airdrop that I got paid as of then and, when I see Bitcoin and other Coin's that list in the App and I was trigger to buy Bitcoin and hold in the wallet that gives me profits after a certain period of time sell.

[blue Snow]

However, software wallets are very risky.

It's not really, it depends on you. there are some people who even lost their Bitcoin save in their hardware wallet. Basic in my experience, osoftware wallets is safe, I don't have a problem using a software wallet (electrum) for 3 years. I still have my 1st-time Bitcoin save on Electrum today. So, if you save your fund in a hardware wallet, but keep the seed phrase on PC or electronic gadget where always connect to the internet will surely be lost as well as the others.

[Gladitorcomeback]

It's not really, it depends on you. there are some people who even lost their Bitcoin save in their hardware wallet. Basic in my experience, osoftware wallets is safe, I don't have a problem using a software wallet (electrum) for 3 years. I still have my 1st-time Bitcoin save on Electrum today. So, if you save your fund in a hardware wallet, but keep the seed phrase on PC or electronic gadget where always connect to the internet will surely be lost as well as the others.

You are right that if someone keeps his wallet attached everywhere or does not keep the seed phrases of his wallet safe, then his assets are always in danger.i appreciate your experience and surly your assets will be safe in your soft ware wallet,but many peoples assets are easily stolen by scammers from software wallets.

Software wallet don't have any special security features,so you only know when the scammers have done their job.on the other hand,if we talk about hard wallets,it has very good safety features.scammers cant get in easily and various password and safety features let you know in time. I myself using a hard wallet for a long time and i feel very comfortable keeping my assets in it. hard wallet is more secure without any risk.

[aylabadia05]

Worries, of course there are especially many who remind that Safepal is closed source from China, they steal and change and violate the original source code just like @dkbit98 said, obviously this gives me concern.
I also still can't give much experience because I've only been using this for 3 weeks and only a few times I tried to transfer and receive bitcoins although so far it's been fine for me.

Meaning I don't have to try if SafePal is a closed source hardware wallet because those of you who have already bought it have the fear of losing assets.
So far, I have avoided closed source wallets and even told other people to stay away from closed source wallets. We just want a wallet that has good privacy and we don't want our users to be bothered by worry even though we have stored the backup private key or seed phrase in a safe place.

[$crypto$]

It's not really, it depends on you. there are some people who even lost their Bitcoin save in their hardware wallet.

Maybe it's missing the seed phrase so that bitcoin assets in hardware can no longer be accessed, if they still store of course their bitcoin deposits are still safe.

Basic in my experience, osoftware wallets is safe, I don't have a problem using a software wallet (electrum) for 3 years. I still have my 1st-time Bitcoin save on Electrum today. So, if you save your fund in a hardware wallet, but keep the seed phrase on PC or electronic gadget where always connect to the internet will surely be lost as well as the others.

Yes, the software wallet is still safe, I also still use Electrum for several years without experiencing any problems until now, the most important thing is how to protect our PCs from unknown attacks including from unknown sites or the kind they click on unknown links, I that should be considered for the security of the software wallet.

Although I did not store bitcoin for long on Electrum, I did store it for 3 months safely, but if you still have doubts about this then it is better to use a hardware wallet.

[eightdots]

I thought it would be fine and it would arrive safely because I bought directly from the official Trezor website because my initial thought was that it would be safer. But a few weeks later there was a call from my country's Customs saying that my package had been delayed and that I had to pay approximately $35 for my package to be sent immediately.
Since it was my first time making an out-of-country purchase, I ignored the call because I thought it was a scam and I didn't want to pay again after buying from the Trezor site.

Big shopping sites give a price by including the additional expenses at the customs when calculating the price of the goods you buy. Sites of brands that only sell a product usually do not do this. For the products of companies selling a single brand, customs have to constantly communicate. Actually, it's not something they want. It can be very tiring. From this point of view, all sites should update the order method they use and instantly add the customs prices to the products they sell.

We do not like the additional fees after shopping, but we are obliged to pay. At least if they give us the opportunity to pay as soon as we receive the product, we won't have to deal with it later.

Congratulations on becoming a user who has moved to the wallet stage. Security is everything.

[Flexystar]

That is a good looking wallet but obviously as mentioned earlier it is closed source and thus you may not be in full custody of your own funds. I don’t know, if you are in decentralised market then best way to secure the funds is use non custodial wallets itself. Sometimes it is far safer to use the paper wallet somehow because there is literally no existence of these wallets over the internet as long as we do not import them. Better choose your methods properly and then invest. I wish you would have dated a little to order Trezor. It is proven wallet in terms of Safe keeping. Anyways, congratulation on your first hardware wallet, more Bitcoins to you!

[Aanuoluwatofunmi]

Nice op. I'm interested in buying a hardware wallet but haven't bought it yet because I don't have a large amount of money to store. The amount of bitcoins I have can be safely stored in a software wallet.  However, software wallets are very risky. I think you won't have any trouble using it.  I am thinking of ordering one very soon. thanks for sharing this here op. congratulations for your first purchase a hardware wallet

Maybe you can take this as a advantage to learn and know the kind of hardware wallet you should go for when the times comes for you to purchase one, my advice for you is not to buy a ledger brand hardware wallet, instead you can go for Trezor or any other brand, using hardware is not as risky as some other storage alternatives that are hot wallets, you only need to give a maintenance to how you handle a hardware wallet against any form of damage.