o_e_l_e_o
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July 21, 2023, 12:09:44 PM |
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i though walletscrutiny.com/ would list only good HWW. Wallet scrutiny are pretty clear about what they do and what they don't do here: https://walletscrutiny.com/methodology/They are looking only at whether a wallet can be reliably built from the code provided. They make no statements as to the security or otherwise of each wallet. If you are looking for a good bitcoin hardware wallet, I would suggest Passport.
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ajiz138
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July 21, 2023, 12:36:13 PM |
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True, Trust Wallet is a closed source, it doesn't store bitcoins there, just some altcoins for deposits to gambling sites and other purposes. Nothing more than that, all trust in Electrum and hardware.
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Negotiation
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July 21, 2023, 01:15:03 PM |
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In my opinion, hardware wallets are a form of offline storage. A hardware wallet is a cryptocurrency wallet that stores the user's private key on a secure hardware device used to authorize transactions on the blockchain network. Hardware wallets are used to store private keys, making it difficult for hackers to access the keys from an online location. Also it is like any other software or wallet that you use for your day to day transactions. Extremely safe it's just a matter of securing your private key. It is the safest way to trade digital assets to keep custody of tokens at all times.
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Marykeller
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July 21, 2023, 01:27:32 PM |
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Coinomi is probably my favorite. Ballet is also a solid wallet (it's both a hardware/hotwallet blend sort of). Electrum of course.
Even though Coinomi is a wonderful wallet, I wouldn't suggest a newbie to use it because of how complicated it seems to be. This is because even when you import your private keys into it, it produces its own form of bitcoin and ethereum addresses for you. Electrum will continue to be the best wallet, due to its security and user-friendliness it is.
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Litzki1990
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July 21, 2023, 01:43:53 PM |
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Hardware wallets are the most secure wallets because money is kept safe in these wallets. If more secure wallets are considered outside of hardware wallets, the names of several wallets such as Electrum Wallet, Mycelium Wallet, MyEthereum Wallet will come first.
If using hardware wallet is not possible then you can use all these desktop wallets or mobile wallets as these wallets are more secure than other crypto wallets. If you keep your btc in these wallets your btc will be safe in this wallet compared to other wallets.
No matter how much money we deposit or how much money we earn if our wallet is not secure then our income or deposit is worthless so it is very important to choose a good quality wallet.
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Ayers
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July 21, 2023, 01:52:02 PM |
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In my opinion, hardware wallets are a form of offline storage. A hardware wallet is a cryptocurrency wallet that stores the user's private key on a secure hardware device used to authorize transactions on the blockchain network. Hardware wallets are used to store private keys, making it difficult for hackers to access the keys from an online location. Also it is like any other software or wallet that you use for your day to day transactions. Extremely safe it's just a matter of securing your private key. It is the safest way to trade digital assets to keep custody of tokens at all times.
I used to think like you but with the problems surrounding Ledger, I think we are misinterpreting hardware wallets, and it is not as secure as we think. Another thing is that the companies that make hardware wallets are centralized companies that are regulated by the government, so we don't know what they will do with those wallets before reaching consumers. Currently, hardware wallets are still considered as the safest solution for us but I don't think we should put all our bitcoins in there. I've gone back to using Electrum more instead of trusting hardware wallets.
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salad daging
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July 21, 2023, 02:07:57 PM |
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There is no way of storing your BTC that is 100% safe, but by reducing the possible ways that an attacker can possibly attack you, you're making your funds very safe. A hardware wallet isn't 100% safe if you don't write your recovery phrase and keep it safe, Electrum wallet is also not 100% safe if it is an online wallet.
It is the responsibility of the wallet owner, if they store the seed phrase well or with recovery phrase safely, so the hardware is the solution is not vulnerable from hacker attacks, while for Electrum there are still many cases where they lose their bitcoins as in the forum some cases before. MyEthereum Wallet will come first.
MyEthereum wallet is for Ethereum not for bitcoin.
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Z-tight
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July 21, 2023, 04:32:08 PM |
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I used to think like you but with the problems surrounding Ledger, I think we are misinterpreting hardware wallets, and it is not as secure as we think. Another thing is that the companies that make hardware wallets are centralized companies that are regulated by the government, so we don't know what they will do with those wallets before reaching consumers. Currently, hardware wallets are still considered as the safest solution for us but I don't think we should put all our bitcoins in there. I've gone back to using Electrum more instead of trusting hardware wallets.
Hardware wallets are secure, but there are different hardware wallets, so you should not use the one that sends your seed phrase across the internet to extra parties, or the one that is partnering with a service that collects users fees for CoinJoin and then use it to fund blockchain surveillance campanies that will spy on the same users UTXO to either blacklist them or not. If you want to use a hardware wallet, use one that is open source for you to be able to verify it. If you are worried about putting all your BTC's into one hardware wallet, you can set up an extra layer of security to make things more secure for you, and that's by either using a passphrase or a multi-sig set up.
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yudi09
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July 21, 2023, 05:06:45 PM |
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Hardware wallets are the most secure wallets because money is kept safe in these wallets. If more secure wallets are considered outside of hardware wallets,
It will not be safe if used incorrectly. Safe when used properly and correctly. Software wallets can be safe if used correctly starting from the installation process, logging in, using a strong password to storing seed phrases and private keys to ensure that the place is completely inaccessible to anyone. the names of several wallets such as Electrum Wallet, Mycelium Wallet, MyEthereum Wallet will come first.
You are wrong. MyEthereum or MyEtherWallet? it is an Ethereum wallet which is a type of web wallet. MEW Wallet is vulnerable to phishing. How can you say you will prioritize the wallet to store Bitcoins. This is the MyEtherWallet review link that can be studied.
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o_e_l_e_o
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Even though Coinomi is a wonderful wallet Coinomi is a terrible wallet. Closed source and insecure. I wouldn't recommend it to anybody. I've gone back to using Electrum more instead of trusting hardware wallets. This is only a good idea if you are running Electrum as a cold wallet. Despite many problems with a vast array of hardware wallets recently, they are still safer than your average hot wallet.
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MusaMohamed
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July 22, 2023, 11:40:30 AM |
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Coinomi is a terrible wallet. Closed source and insecure. I wouldn't recommend it to anybody.
Closed source wallets are terrible because they can change many things, hide many things which they don't announce in their wallet change logs and their users won't be able to detect those changes. Advantages of open source walletsOpen source and closed source cryptocurrency walletsThis is only a good idea if you are running Electrum as a cold wallet. Despite many problems with a vast array of hardware wallets recently, they are still safer than your average hot wallet.
Hot wallets have more risk to be compromised so if he uses a hot wallet, he should store very little bitcoin in that hot wallet and he should afford to lose it. If he seriously wants to secure his hot wallets better, he can use a multisig wallets with Electrum. Creating a multisig walletCreating a cold storage wallet in Electrum, if he wants to set up an Electrum cold storage wallet.
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Doan9269
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July 22, 2023, 12:26:18 PM |
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Coinomi is probably my favorite. Ballet is also a solid wallet (it's both a hardware/hotwallet blend sort of). Electrum of course.
Even though Coinomi is a wonderful wallet, I wouldn't suggest a newbie to use it because of how complicated it seems to be. This is because even when you import your private keys into it, it produces its own form of bitcoin and ethereum addresses for you. Electrum will continue to be the best wallet, due to its security and user-friendliness it is. If you're to choose a most preferred cold storage for your bitcoin, choose electrum wallet over coinomi, coinomi is not that bad but it has one or little setback some user may not want to make it their preferred choice, coinomi will not give you the accurate balance on your wallet when a transaction is sent but you can see your the transaction reflect on your balance when you import your wallet on electrum, also electrum have a function that supports RBF while coinomi doesn't, you can also customize your fee as you like on electrum while coinomi does not support ore features on that, lastly electrum wallet is a multisig bitcoin wallet and coinomi is not, at a point you will always have a need to make use of electrum wallet for any reason with time.
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Tony116
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July 22, 2023, 03:39:25 PM |
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I switched to an old laptop running Linux and integrated Electrum to store my bitcoins. Of course, it's always offline and just for storage, I find it more secure than hardware wallets.
Regarding the best hot wallet, I only trust Electrum.
Air gapped devices are better than wallets that are stored in a device which we connect with internet more often but it doesn't rule of the risks completely cause even are airgapped devices are offline most of the time, they can still be vulnerable when connected to the internet for updates or other purposes. Or the device itself can get corrupted which is very common with ageing of any electronics such as SSD, HDD then the recovery of the wallets will become impossible unless the keys are stored in different place. I only use that computer for the sole purpose of storing my bitcoins, not for anything else, and it stays offline most of the time. Nothing is perfect and as long as we always have a backup plan, there is nothing to worry about. I've also taken into account the lifespan of tech gadgets, and I wouldn't be stupid enough to save the entire seed phrase to the computer. For email passwords, seed phrases, bank logins, most important data, I write them all down in a notebook and keep them in a safe place. It can be said that it takes me a long time every time I need to log in or access any account, but I feel safe with it.
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Agbe
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July 22, 2023, 04:00:08 PM |
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Coinomi is probably my favorite. Ballet is also a solid wallet (it's both a hardware/hotwallet blend sort of). Electrum of course.
Even though Coinomi is a wonderful wallet, I wouldn't suggest a newbie to use it because of how complicated it seems to be. This is because even when you import your private keys into it, it produces its own form of bitcoin and ethereum addresses for you. Electrum will continue to be the best wallet, due to its security and user-friendliness it is. See the best wall for newbies to start set and start up bitcoin investment is Electrum wallet. But wait oh, this one, everyone is calling and recommending Electrum all the time, Electrum work or use only bitcoin, I have not seen another cryptocurrencies that can be stored in Electrum wallet so probably it only meant for bitcoin and not for other coins. I have not used Coinomi so I can not say anything about it, I have used only few wallets in the crypto ecosystem and all Electrum is the best but the high transaction fee rate is one of the things that is trying to discourage me.
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acroman08
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July 25, 2023, 10:38:18 AM |
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Search of legitimate bitcoin mining companies can be a really hard, as there are many scams in the industry. However, you can research the company's reputation and user reviews. Look for reviews and feedback from other users and check the company's background and history. Don't forget to look for a company that is transparent about their mining operations and fees. hope it will help. By the way I use ECOS for crypto investment, because they have all this information and after a few years I really trust them. You can check all conditions on its website and compare with others. By the way, you will get FREE MINING CONTRACT for 1 month, if you register via link: -removed
the thread is about Top bitcoin wallets and not mining companies, no one is talking about mining companies here. looking at your post and your post history, it looks like you are spamming ecos cloud mining which I am pretty sure will most likely turn out as a scam. aside from spamming a most likely scam site, you are also spamming a referral code which is against the forum rules.
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Peanutswar
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July 25, 2023, 11:40:09 AM |
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Good evening, Which hot wallets are top in your opinion?
For the device you are using you can do with electrum they have the PC for windows and other operating systems and also they have an application you can use this can serve as a convenient to you but of course more secured within the use of the PC and have an additional layer of security such as the anti-virus, if you have a budget ideal to use a cold wallet so you don't need to worry about too much. Trezor or Ledger for your future reference.
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Z-tight
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July 25, 2023, 12:24:25 PM |
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lastly electrum wallet is a multisig bitcoin wallet
Electrum is not a multi-sig BTC wallet, but you can create a multi-sig wallet on Electrum, just the same way you can create a standard single-sig wallet or a wallet with 2FA on Electrum. I have used only few wallets in the crypto ecosystem and all Electrum is the best but the high transaction fee rate is one of the things that is trying to discourage me.
BTC tx fees has nothing to do with Electrum wallet, the wallet doesn't fix the fee that you pay. The size of your transaction and the congestion of the network is what determines how many sats you are going to pay in fees. What Electrum wallet allows you to do is to customize the fee on desktop, and on mobile you can use the fee slider to choose your fee rate, but you have to check the mempool first to know the fee rate that is best for your transaction to be confirmed.
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Smack That Ace
Legendary
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Free Free Palestine
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July 25, 2023, 01:47:31 PM |
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I have used only few wallets in the crypto ecosystem and all Electrum is the best but the high transaction fee rate is one of the things that is trying to discourage me.
BTC tx fees has nothing to do with Electrum wallet, the wallet doesn't fix the fee that you pay. The size of your transaction and the congestion of the network is what determines how many sats you are going to pay in fees. What Electrum wallet allows you to do is to customize the fee on desktop, and on mobile you can use the fee slider to choose your fee rate, but you have to check the mempool first to know the fee rate that is best for your transaction to be confirmed. I don't usually adjust fees every time I trade, but I think you're right in saying that Electrum has the functionality to customize transaction fees to suit us. While transaction fees are largely dependent on the bitcoin network and vary depending on network congestion, but I think each wallet will have different fees, so it is not surprising that many people find Electrum to have higher fees than others. Regarding the best hot wallet, I also vote for Electrum, it is really a hot wallet worth using for both new and old investors.
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fullhdpixel
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July 27, 2023, 02:32:30 PM |
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Good evening, Which hot wallets are top in your opinion?
Do you mean hot or wallets that are at the top? Maybe this site: https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html can help you for that matter. But, if you mean wallet brands, you can refer to this site: https://money.com/best-crypto-wallets/Credits to the owners of those links and also to Google for finding them. As of now, I'm only using Trustwallet. I know there are better wallets than it, but I find this one interesting. I like its simple interface and the wallet is also easy to use. It was non-costudial although some says its semi centralized but it's fine since I'm only storing a few cryptos on here and I don't really HODL a crypto for a long time. Before it, I have tried different wallets, including Myetherwallet, Blockchain.com, Coinomi, Electrum, Coinbase and the recent one is Metamask. It was a nice experience though. You can also check all or some of them and see if you develop any likings.
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[/tabl
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posi
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July 27, 2023, 03:55:56 PM |
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Good evening, Which hot wallets are top in your opinion?
Do you mean hot or wallets that are at the top? Maybe this site: https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html can help you for that matter. But, if you mean wallet brands, you can refer to this site: https://money.com/best-crypto-wallets/Credits to the owners of those links and also to Google for finding them. As of now, I'm only using Trustwallet. I know there are better wallets than it, but I find this one interesting. I like its simple interface and the wallet is also easy to use. It was non-costudial although some says its semi centralized but it's fine since I'm only storing a few cryptos on here and I don't really HODL a crypto for a long time. Before it, I have tried different wallets, including Myetherwallet, Blockchain.com, Coinomi, Electrum, Coinbase and the recent one is Metamask. It was a nice experience though. You can also check all or some of them and see if you develop any likings. Admittedly, Trust wallet has a user-friendly interface that is especially suitable for newbies. But it's really not completely secure and it's weird that you already know that and still use it. I don't know what you are using Trust Wallet to store, but it is also your property, you must be responsible for it even a small amount. Furthermore, OP was just looking for the best hot wallet to store bitcoins, so it wouldn't be appropriate if you mentioned Metamask or Myetherwallet. And you are also referring to Coinbase or Blockchain.com wallets, they are custodial wallets, and you should stay away from them in the first place.
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