Which wallet is safe for long term Bitcoin storage?

[EarnOnVictor]

Many of them said to keep Bitcoin in Binance Account, Ku Coin Account, Trust Wallet.Now my question is if I keep my bitcoins in these wallets will I be able to use them whenever I want and will it be safe.

Binance and KuCoin are exchanges and are centralised for that matter, keeping your assets in them is very risky. But Trust wallet is a good one for it's a non-custodial wallet with an open source.

Are there other wallets where bitcoins are most secure?
I want your opinion.

My candid opinion is for you to find non-custodial wallets with an open source, you may Google it and find lots of them. Also, DYOR on the ones you want to use eventually. But nothing is 100% secure on the internet, hacking could happen to the supposedly secured ones and your keeping of your wallets matters so much.

Nevertheless, it's arguably better if you can use the hardware wallet, its arrangement keeps it less porous to the internet. However, you would have to part ways with some costs and have to have a reasonable amount to store before this can be an economically good option for you.

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[Lucius]

Passport, of course, has a higher price, which for us in Europe is above $250, but there are more than enough resellers and the device can be bought for cash in some countries in our area.

Afaik, only one store in our coutry sells Passport, and its an online store (Protis). I am on the lookout for a new hardware wallet and at the moment Passport is my first choice but I would prefer if I can buy it in a physical store.

I looked at the official list of resellers and they are not listed there, while previously the official reseller was Links. Protis has a physical store in ZG, but as far as I can see, they don't have Passport in stock, but only order if someone wants to buy. Anyway, thanks for the info.

[Coyster]

Trust wallet is fine...

No, trust wallet isn't fine, quite a lot of people thought the same of Atomic wallet, but look what happened and how so many of their users lost their assets without Atomic wallet announcing any specific reason why it happened. Trust wallet may be good for hodling altcoins but it should not be used for hodling Bitcoins, because there are so many alternatives that are better by a country mile, so why risk your Bitcoin by using a close source wallet that is owned by a shady exchange (Binance).

[terrific]

Exchanges make me kinda nervous 'cause they've got all your coins and could get hacked whenever.  Electrum's probably the most popular desktop wallet out there.  But If you really wanna play it safe, you can run Electrum on an offline machine, like an old laptop or something.  Or you could simply buy a hardware wallet like others mentioned too.

I've done that in the past when I've got an old laptop that I am not using anymore, installed Electrum there and just opened it when the bull run came.
My worry is that my laptop could just fail or break without even using it. Because being stuck could make it happen but opening it once in a while could do the job.

[Adams0001]

I've asked many people, big and small, which wallet bitcoins are the safest to store long-term.
Many of them said to keep Bitcoin in Binance Account, Ku Coin Account, Trust Wallet.Now my question is if I keep my bitcoins in these wallets will I be able to use them whenever I want and will it be safe.
Are there other wallets where bitcoins are most secure?
I want your opinion.

In my opinion, trust wallet is more secure than Binance and Kucoin because they can hack it at any time and you can lose your coin in it, but if you get wallet, no one can hack it unless you share your private key with someone who has access to it. You can get more details about trust wallet in Google just try and get more ideas on it but some will give you another objection but that is the places I save mind and is still there currently and nothing will happen to it except someone got my private key if you open trust wallet simply find a better place and kept your private keys that no one can see don't trust anyone since scammers are all over the internet now.

You can see why many people don't like saving their coins in Binance and Kucoin because they are just for exchange and you can't be confident that your coin is safe there because you don't have control over it. However, if you have your own wallet, you will have full control over it and can save your funds without worry, It is also more secure than centralized exchange.

[Ruttoshi]

OP, you shouldn't just start asking anybody about bitcoin and how to store your coins because most people out there don't know the difference between an exchange and a wallet. Exchange is an account and when you keep your coins in an exchange, it is no longer yours and that is why everyone has already advised your to use a noncustodial wallet where only you have access to your keys because your keys are what keep your funds save in your wallet which only you should have.

If you want to keep small amount of bitcoin, you can use a hot wallet like electrum and blue wallet. If you want to store a large amount of bitcoin, it is better you go for a hard ware wallet or use a cold storage wallet where you are to generate the keys in an air-gap device.i.e a computer has will never be connected to the internet and create an online watch wallet that will enable you to monitor, sign transaction and broadcast transactions too.

Ledger Nano X are good cold storage wallets.

It has been confirmed by experts in the forum that ledger Nano is not a secured hard wallet after Betnomi scammed some forum members. Passport is a good hardware wallet that guarantee the safety of your coins but not 100%..

Trust wallet is fine...

Trust wallet is not safe as I have read of when users  bitcoin was stolen from their trust wallet but the owner took responsibility of paying back the customers what was stolen from them to build the trust more.

[Marvelman]

My worry is that my laptop could just fail or break without even using it. Because being stuck could make it happen but opening it once in a while could do the job.

But for such cases, it is important to have a backup seed saved safely.  You can simply restore the wallet on another device.

[serjent05]

I've asked many people, big and small, which wallet bitcoins are the safest to store long-term.

Hardware wallet are good bitcoin wallet to store Bitcoin safely.

Many of them said to keep Bitcoin in Binance Account, Ku Coin Account, Trust Wallet.Now my question is if I keep my bitcoins in these wallets will I be able to use them whenever I want and will it be safe.

It is not advisable to keep your Bitcoin on centralized exchanges, it is always preached that "Not your keys, Not your coins".  There is a tendency that centralized exchanges might deny anyone access so better to do things to avoid such scenario and store your Bitcoin to a non-custodial wallet which means you have the private key to access them.

Are there other wallets where bitcoins are most secure?
I want your opinion.

According to investopedia, Ledger Nano is one of the best Bitcoin wallets and it is their pick as the best among the Bitcoin wallets available.[1]



[1] https://www.investopedia.com/best-bitcoin-wallets-5070283

[Lucius]

Are there other wallets where bitcoins are most secure?
I want your opinion.

According to investopedia, Ledger Nano is one of the best Bitcoin wallets and it is their pick as the best among the Bitcoin wallets available.

You really believe everyone, and it is obvious that it is enough for someone to write something on the internet and it is automatically considered the truth.

Does that article mention the fact that the Ledger database of their users has been hacked and there are hundreds of thousands of users whose data has been posted online? Does he perhaps mention that Ledger, which for years claimed that seed/private keys cannot be extracted from their devices, now admits that it is possible and also offers some kind of service where the user pays $9.99 per month to have his seed shared with as many as three companies that will take care of it?

[Coyster]

According to investopedia, Ledger Nano is one of the best Bitcoin wallets and it is their pick as the best among the Bitcoin wallets available.

DYOR and do not blindly depend on news articles without verifying if the information they posted is right, wrong or obsolete. To be fair there are quite a lot of users who have a ledger hardware wallet, some of them bought it a long time before Ledger's flaws were exposed, flaws such as their inability to safeguard their customers' data and also lying that it was impossible for their customers seed phrases to be extracted from the secure element. A company that does things like these cannot produce one of the best Bitcoin hardware wallets, so you should DYOR and not believe what 'investopedia' says.

[AakZaki]

DYOR and do not blindly depend on news articles without verifying if the information they posted is right, wrong or obsolete. To be fair there are quite a lot of users who have a ledger hardware wallet, some of them bought it a long time before Ledger's flaws were exposed, flaws such as their inability to safeguard their customers' data and also lying that it was impossible for their customers seed phrases to be extracted from the secure element. A company that does things like these cannot produce one of the best Bitcoin hardware wallets, so you should DYOR and not believe what 'investopedia' says.

There are a lot of pros and cons about extracting such seed phrases. This feature is actually undesirable for users who don't want their wallet to be owned by someone else and is also quite vulnerable.
But those who agree to the feature can activate it but have to pay a few dollars just for a month. Ledger was initially the best-selling and most-chosen hardware wallet device, but when the seed phrase recovery feature appeared, that all changed.

[Winterfrost]

Many of them said to keep Bitcoin in Binance Account, Ku Coin Account, Trust Wallet.Now my question is if I keep my bitcoins in these wallets will I be able to use them whenever I want and will it be safe.

Binance and KuCoin are exchanges and are centralised for that matter, keeping your assets in them is very risky. But Trust wallet is a good one for it's a non-custodial wallet with an open source.

Are there other wallets where bitcoins are most secure?
I want your opinion.

My candid opinion is for you to find non-custodial wallets with an open source, you may Google it and find lots of them. Also, DYOR on the ones you want to use eventually. But nothing is 100% secure on the internet, hacking could happen to the supposedly secured ones and your keeping of your wallets matters so much.

Nevertheless, it's arguably better if you can use the hardware wallet, its arrangement keeps it less porous to the internet. However, you would have to part ways with some costs and have to have a reasonable amount to store before this can be an economically good option for you.

Yes non-custodial wallets like Ledger, Trezor, ColdCard are popular hardware wallets. Any of then are fine to use. Make some research on the internet and read their individual feature to decide which one is best suits you.

If you want to use a wallet with an iPhone, then Ledger Nano X should be your first choice because it has Bluetooth built in so it can connect to an iPhone.

If you have a preference on open source wallets then you can use Linux x Electrum.

[HONDACD125]

I've asked many people, big and small, which wallet bitcoins are the safest to store long-term.
Many of them said to keep Bitcoin in Binance Account, Ku Coin Account, Trust Wallet.Now my question is if I keep my bitcoins in these wallets will I be able to use them whenever I want and will it be safe.
Are there other wallets where bitcoins are most secure?
I want your opinion.

Keeping your crypto or Bitcoin on an exchange means that your assets are not under the control of you, but are owned by that exchange. Therefore, it is important to always keep your Bitcoin in a personal wallet. Trust wallet is also a good wallet but I personally don't use this wallet for a lot of assets, because it often has hacking risks.​I personally find Hard Wallet to be safe for storing my assets.


Well, there are various hard wallets in the market which you can buy online from the official website. One thing to keep in mind is never to buy hard wallets from any online app but use the official website. I use safe pal wallet to store my Bitcoin and other crypto currencies for long term. You can find other brands and they all have different prices but Safe Pal is the cheapest wallet in my opinion. You can transfer your crypto currencies from these wallets to your exchange whenever you want and they are safe wallets for your Bitcoin.
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