Which wallet can i use for my needs

[Yorubek]

As a newbie which wallet i can use and will that wallet support bitcoin and other altcoins? I know some wallet names like Coinbase Wallet, Trust Wallet, MyEtherWallet but as a newbie which wallet can I use to keep my assets safe. I have heard a lot of people using trust wallets. How trust wallet is reliable for holding bitcoins and other altcoins? How likely is it to be hacked?

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[Nwada001]

I will advise you to use a separate wallet for storing your bitcoin and a separate wallet for your altcoins.
 
For bitcoin, you can use the electrum and the blue wallet, which are both open source.

[apogio]

As a newbie which wallet i can use and will that wallet support bitcoin and other altcoins? I know some wallet names like Coinbase Wallet, Trust Wallet, MyEtherWallet but as a newbie which wallet can I use to keep my assets safe. I have heard a lot of people using trust wallets. How trust wallet is reliable for holding bitcoins and other altcoins? How likely is it to be hacked?

The most important thing is not the wallet software but rather where the keys will be stored. If you use any of the afforementioned wallets, the keys will be on your mobile phone (unless I am mistaken). So, since the device is connected to the internet, there is a leak / hack possibility, no matter which one you will choose.

However, apart from that, I definetely support the idea of storing your Bitcoin in a separate wallet than your altcoins and I vote for electrum as well.

I don't own any altcoins except for monero, so I am not sure I can give advice regarding the altcoins, but you could buy a trezor and store the keys for the altcoins there.

[Z-tight]

How likely is it to be hacked?

Your wallet is only as safe as the device you store it in, so take note that anything online is prone to hacking. The best way to store your funds is offline, and that's either in an airgapped wallet or hardware wallet.

How trust wallet is reliable for holding bitcoins and other altcoins?

Trust wallet is not a recommended wallet for storing your BTC, it may be okay to store altcoins, but it is not recommended to use a closed source wallet to store BTC when there are too many open source alternatives like Electrum.

As a newbie which wallet i can use and will that wallet support bitcoin and other altcoins?

There is unstoppable wallet that is open source, and you can use a hardware wallet too. But what is most recommended is to use different wallets to store your BTC's and altcoins. I.E. Electrum on an airgapped device for BTC and Unstoppable wallet for your altcoins.

[Charles-Tim]

Bitcoin wallet recommendation, read what I posted here just today for me not to repeat myself: https://bitcointalk.org/index.php?topic=5480802.msg63461485#msg63461485

Online wallet are not that safe but you can use it for little amount of coins. Electrum, Sparrow and Bluewallet are recommended for desktop. Electrum, Bluewallet and Samourai for mobile devices.

For altcoins online, use Unstoppable. Unstoppable not supporting much coins and may have synchronizing issue with some altcoins, you may need to get yourself hardware wallet like Trezor which is even safer. Online wallets are not safe.

[BitMaxz]

If you want to be safe from hackers online and want to hold your assets for the longest time that support more coins then the only solution for your needs is to use a hardware wallet.

Just make sure to choose the best hardware wallet like Trezor as suggested above but if you are looking for other hardware wallets I suggest to check this "[ list] Open Source Hardware Wallets" the advantage of using this hardware wallet you can use it on daily basis without leaking your private keys.

[rat03gopoh]

Specifically for bitcoin, Electrum is good and easy to use for beginners. Metamask is a great altcoin wallet if you are an active user via desktop. Trustwallet is not too bad if you're an active user via mobile.

The 3 wallets above are based on personal experience, but I can't guarantee the same level of security if you use them. The most important security factor depends on the digital literacy of the user. Your key, your responsibility.

[Zaguru12]

The posts above mine have actually said a thing about wallets that you should use and the most important part is the device storing the wallet and how you backup your private key or seed phrase, if you don’t pay proper attention to this two things then the choice of a good wallet doesn’t help you a bit.

Here is categories of wallet;

For privacy: use bitcoin core and run your own node.

For cold wallet; you can use hardware wallet (Trezor or passport) or an airgapped device with electrum as the wallet

For hot wallet: use electrum, BlueWallet and Sparrow (they have both mobile and desktop versions)

For multicoin wallet: use unstoppable wallet or any of the listed hardware wallet .

Specifically for bitcoin, Electrum is good and easy to use for beginners. Metamask is a great altcoin wallet if you are an active user via desktop. Trustwallet is not too bad if you're an active user via mobile.

Both Metamask and Trustwallet are closed source wallets that’s why they don’t come recommended most especially trustwallet that is owned by Binance

[tranthidung]

As a newbie which wallet i can use and will that wallet support bitcoin and other altcoins?

Don't find all in one wallet.

If you have both bitcoin and altcoins, let's use different wallets for them.

One wallet for bitcoin only. Don't mix it by storing bitcoin together with altcoins.
Another wallet for altcoins.

With Bitcoin wallets, you can practice too choose it from https://bitcoin.org/en/choose-your-wallet

I recommend

• Bitcoin Core if you want to run node (full or prune)
• Electrum wallet if you don't have big space in your disk. It's available for Android and you can use Lightning Network with it too.
• Remember to verify your wallets

I know some wallet names like Coinbase Wallet, Trust Wallet, MyEtherWallet but as a newbie which wallet can I use to keep my assets safe.

Generally use non custodial (you own private keys, mnemonic seed), open source (it's reproducible and can be deeply tested) wallets. Read reviews from
https://walletscrutiny.com/

[sokani]

As a newbie which wallet i can use and will that wallet support bitcoin and other altcoins? I know some wallet names like Coinbase Wallet, Trust Wallet, MyEtherWallet but as a newbie which wallet can I use to keep my assets safe. I have heard a lot of people using trust wallets. How trust wallet is reliable for holding bitcoins and other altcoins? How likely is it to be hacked?

MyEtherWallet is an open source wallet and it supports only ETH and ERC-20 tokens. I wouldn't advise you to use Trust wallet or Coinbase wallets because they're close source and are owned by Binance and Coinbase exchange respectively. Since you're looking for a multi coin wallet, I'd recommend unstoppable wallet. It's open source, has a user-friendly UI and supports multi coins including Bitcoin. If you can afford Trezor hardware wallet, then I strongly advise that you go fit it.

Whatever wallet you settle for, have it at the back of your mind that you've a big role to place to keep your assets safe. Back up your seed phrase offline.

[mk4]

Generally, I don't like the available wallets that cater to lots of cryptocurrencies.

Bitcoin: BlueWallet
Ethereum and EVM(BNB, etc): MetaMask/Rabby
Solana: Phantom
Cosmos and Cosmos eco: Keplr
Tron: I don't use Tron so idk

[tyz]

As a newbie which wallet i can use and will that wallet support bitcoin and other altcoins? I know some wallet names like Coinbase Wallet, Trust Wallet, MyEtherWallet but as a newbie which wallet can I use to keep my assets safe. I have heard a lot of people using trust wallets. How trust wallet is reliable for holding bitcoins and other altcoins? How likely is it to be hacked?

If you really want a wallet that supports multiple cryptos, then I can recommend Exodus[1]. The Exodus wallet is available for Desktop and Mobile (iOS, Android) and has some more features integrated like Swapping. If a Bitcoin wallet is enough for you, then I recommend Electrum[2]. For me, these are the two best wallets for desktop and mobile.

[1] https://www.exodus.com
[2] https://electrum.org

[dkbit98]

As a newbie which wallet i can use and will that wallet support bitcoin and other altcoins?

I would not use any closed source and non-custodial wallets for anything.
If you want to have one wallet for everything I would first recommend open source hardware wallet like Trezor ^{(or BitBox, Keystone, etc.)}, but you have to pay for it and you will have much better security for your coins.
There are some free software alternative multicurency wallets like Unstoppable, Stack wallet, OneKey software wallet and they are also open source.

[sunsilk]

Most of the suggested wallets are good for storing Bitcoin only, since it's a critical asset that you need to keep. You are better to start with those wallets that have mentioned and don't go yet with most altcoins.

There are a lot of multiwallets available if you are into altcoins too. A hardware wallet supports multicryptocurrencies but most of the apps that you can download if you don't own a HW yet, you shouldn't trust them that much with your funds since most of them are closed sourced.

Trust wallet? I have never used that but it's owned by Binance nowadays, right? As a start, go for it with caution but don't keep a lot on it.

[Franctoshi]

Even if you store your cryptos in the safest wallets out there, precisely hardware wallets and couldn't manage your private keys properly, all your efforts will amount to nothing, Therefore, also think about how to secure your keys properly without someone having access to it. Furthermore ,don't get things too complicated for yourself. If you're a newbie just as you have said, you can start with Electrum to store your Bitcoin for now and then graduate to using the above recommended hardware wallets that suits you.

[Z-tight]

Trust wallet? I have never used that but it's owned by Binance nowadays, right? As a start, go for it with caution but don't keep a lot on it.

Yes it is owned by Binance and it is not recommended, Trust Wallet is closed source and we cannot be sure how the keys of their customers' were generated. If a wallet is closed source, it is enough reason not to use it.

If you're a newbie just as you have said, you can start with Electrum to store your Bitcoin for now and then graduate to using the above recommended hardware wallets that suits you.

It depends on the amount of funds you are starting with, even as a newbie if you are going to store a huge amount of BTC, you need a hardware wallet or an airgapped wallet and not an online wallet, so you don't learn the hard way by losing all you have.

[Abu-Naim]

As a newbie which wallet i can use and will that wallet support bitcoin and other altcoins? I know some wallet names like Coinbase Wallet, Trust Wallet, MyEtherWallet but as a newbie which wallet can I use to keep my assets safe. I have heard a lot of people using trust wallets. How trust wallet is reliable for holding bitcoins and other altcoins? How likely is it to be hacked?

Any online wallet is prone to get hacked, but some of them are still reliable if you cannot be able to set up an offline wallet for yourself. But as a beginner, make sure you know that any wallet you did not hold your private key is not advisable for you to hold your coin.
Trust wallet is a closed source wallet, and open-source wallet are mostly advisable for storing your bitcoin.

Use separate wallets to store Bitcoin, and altcoin; for a beginner, use electron wallet or blue wallet to store your bitcoin, while you can manage trust wallet to hold your altcoin or use Unstoppable wallet.

[Potato Chips]

I had experience a syncing issue once on unstoppable wallet but I would still suggest it for multi-currency wallet because of their reputation + open source + overall wallet experience is still great for the most part. To make sure you're not on some phishing link, see: https://unstoppable.money/

But if you're planning on storing huge amounts, I would not recommend it since it's a mobile wallet + hot wallet which means security isn't as hardened. Typical choice for this would be an open source hardware wallet as it is still convenient for the beginners. You should also practice good security habits because your wallet certainly won't protect you from human error mistakes -- most stuff from here are still relevant in general, see: https://github.com/Lissy93/personal-security-checklist

[nakamura12]

Trustwallet is not recommended to use. Honestly, I did use trustwallet before and I never experienced something bad or experienced losing my btc but there are reasons why trustwallet is not recommended to use. It does support different crypto like eth, xrp, usdt, btc abd more. How about you use multiple wallet provider like electrum for btc and like mk4 suggested. It's up to you if you want to use trustwallet since there's nothing we can do to stop you and we are only here to give advice, suggestions or recommendations and share what we know regarding to the topic you want to discuss.

[taufik123]

First, you have to understand how the concept of wallet security that you use.
Any wallet has loopholes that could be weaknesses in the wallet, but security holes that may occur due to the user's own negligence.

Multi-chain wallets such as trust wallets are mobile wallets that have standard security.
It depends on the security of the phone itself and how you use it, and where you can store the private key safely without anyone knowing.

If you want to find the most secure, just buy a Hardware Wallet such as Safepal, Ledger, Trezor, Keep Key etc.
which has Offline storage and certainly has better security than mobile wallets.

Hardware Wallets
Comparing 49 Hardware Wallets (aka Signing Devices) feature by feature
https://thebitcoinhole.com/hardware-wallets