Wallet suggestions?

[vitya1982]

If you don't have too much crypto - just find a non-custodial wallet that supports your coins. If you have a lot - sell what can't keep the cold wallet, and take everything else there.

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[snowpega]

OP, you have started a good thread for discussion, Well in my honest opinion when we jump into the crypto Space, the very first thing which we need to keep in mind is that how much secure we are I mean is our funds are in a safe hands so that no hacker can compromise our wallet and funds. There are some tips I can give but I would also suggest you to do your own research after reading any of the suggestions here which may help you more to understand the crypto scamming environment.

When your device is linked to the internet and you are using some open-source kind of website and application which is really a big threat to your funds I would advise you to have a separate device and make it offline most of the time do not download any kind of open source website, do not use any open source software, do not click any of the unofficial and unnecessary links, in the separate device.  Connect it to the internet only at the time when you want to perform any activity. Besides all that you can buy a hardware wallet where your funds will stay secure and offline as well.

[zaim7413]

It is not recommended to store your assets on any exchange, including Binance, there are many incidents that have harmed exchange users, such as hacking or companies going bankrupt. As much as possible, you should get into the habit of storing crypto assets in a wallet that allows you to control the private keys.
To eliminate your confusion in looking for a suitable wallet to store your crypto assets, I recommend "Electrum" as a first step that is easy to use and understand how to use it for beginners. If you are still confused about how to use it, please go to this topic "[GUIDE] How to Safely Download and Verify Electrum [Guide]".

[Troytech]

Sorry if it seems like a stupid question, but even though I reasonably understand crypto, I'm still taking my first steps with bitcoin.

I don't think you need to apologise to anyone for putting your own safety first, many newbies dont take take this step and end up losing their asset along the line.

You  can use different wallets based on usage if you deal or do more transactions daily or weekly, you can use a custodian wallet, not to store your holdings but for the purpose of selling or buying crypto, you know its risky to store your asset on custodian wallet cause of the risk of hacks and they have full control over your asset in your wallet and government mostly regulate them.

If you want to save or store your asset, it's best you use a hardware wallet and an open-source wallet like Electrum, which are non custodian and only you have access to your holdings and your private keys.

[Maus0728]

Blue Wallet if you don't like it to be complicated but if you truly want to be safe then it's a good idea to download an Electrum wallet, either on your phone or in your computer. That's the safest one right now. Here's the link to them so you know that you're safe. There's other wallets out there but in my experience, they've delivered what I expected them to deliver so I don't use any other.

Blue Wallet

Code:

https://play.google.com/store/apps/details?id=io.bluewallet.bluewallet

Electrum

Code:

https://play.google.com/store/apps/details?id=org.electrum.electrum

Electrum Website

Code:

electrum.org

[synchronym]

Hello friends!

I have been keeping my cryptocurrencies (I still don't have many, unfortunately) on the Binance exchange.

What type of virtual wallet do you use? And what are the best ways for me to keep my cryptocurrencies safe?

Sorry if it seems like a stupid question, but even though I reasonably understand crypto, I'm still taking my first steps with bitcoin.

electrum wallet is fairly safe electrum wallet I use it myself you can use electrical wallet if you want. There are different types of BTC wallets in the market I find electrum wallet the most reliable so I use electrum wallet myself. Our wallet security should be considered first many times hackers hack our wallet so it is very important to keep our wallet well.

[Oneandpure]

Regarding some responds have recommended which one the best recommended wallet for saving your bitcoin fund you need looking for which one wallet are related and supported based on your mobile phone or your computer specification. Some recommended wallet need high specification with your mobile phone or computer, I think electrum is most recommended wallet for holding your bitcoin fund and there are not much problem with your computer specification not to high.

I used electrum for long term and not get problem when running with my computer as lower specification, its not get trouble and easily for accessing without have waiting longer process when first time opening. Actually best wallet for saving bitcoin depend with your assets want to hold long term or short term, if short term save in binance exchange is not really bad because you can trade there easily.

[MusaMohamed]

Regarding some responds have recommended which one the best recommended wallet for saving your bitcoin fund you need looking for which one wallet are related and supported based on your mobile phone or your computer specification. Some recommended wallet need high specification with your mobile phone or computer, I think electrum is most recommended wallet for holding your bitcoin fund and there are not much problem with your computer specification not to high.

Choose wallets that support your device OS.
Choose wallets that are non custodial.
Choose wallets that are open source.

After narrowing down the list like above, you need to read reviews of community, from their reproducible process of the wallet from open source code.

Pick one that looks best and it will be related to your need to run a full node, prune node or just a SPV wallet.

The first type will require higher capacity of hard wares on your device than SPV wallet like Electrum.

I used electrum for long term and not get problem when running with my computer as lower specification, its not get trouble and easily for accessing without have waiting longer process when first time opening.

You can use Electrum wallet for single signature wallet, multisign wallet, cold storage wallet.
[GUIDE] How to Safely Download and Verify Electrum
Creating a multisig wallet
reating a Cold Storage wallet in Electrum

Actually best wallet for saving bitcoin depend with your assets want to hold long term or short term, if short term save in binance exchange is not really bad because you can trade there easily.

It's risky.
Reminder: do not keep your money in online accounts

[BlackHatCoiner]

My desktop wallet software suggestions are: Electrum and Sparrow. Electrum if you simply want to have an airgapped computer which will be used to sign transactions (comes pre-installed in Tails OS). Sparrow is good at that, with the addition that it is supported by SeedSigner which I wholeheartedly recommend to acquire instead of a hardware wallet.

Both of which should connect to your full node first, of course.

[The Cryptovator]

This isn't a stupid question at all; this is a very important question to secure your funds. Don't hesitate to ask a question if you don't know anything about something. As others suggested, the best practices always use hardware wallets. This is the safest way to secure your assets. If you don't have enough funds to hold or buy a hardware wallet, then you have to choose a wallet based on your current holdings. Also, when choosing a hardware wallet, you have to make sure what coins they support and whether they are open-source or closed-source. 

[DaNNy001]

When it comes to wallet selection, you can only be specific due to the kind of device you are using because most person refer to be on mobile and when it comes to mobile version of wallet, I think the blue wallet or electrum mobile version is probably best and whatever wallet you use, keeping the seed phrase and the private key safe is the most important thing because this is Bitcoin and if you lose your keys so is your money lost forever, that means no password reset or forgotten password.

[Chibit01]

In my own opinion I will tell everyone to do what handle be smart enough to know what exactly you can operate with because most people are just using a particular wallet because a friend is using it forgetting if they can handle the security of the wallet when something gone wrong why some of the smarter ones can use a wallet of any form of high security code because come rain come shine they will definitely remember their six or twelve phrases code  if you can't handle like this you better go for the once you know the security is not sophisticated that you can easily recall or do forgetting passwords because some crypto wallets doesn't have such opportunities for you when you lost your password or your phrase code

I know with these few point of mine I am been able to tell you the best wallet for you.. you can go ahead to search for a better and suitable wallet with the security level of your operation thanks

[goldkingcoiner]

Hello friends!

I have been keeping my cryptocurrencies (I still don't have many, unfortunately) on the Binance exchange.

What type of virtual wallet do you use? And what are the best ways for me to keep my cryptocurrencies safe?

Sorry if it seems like a stupid question, but even though I reasonably understand crypto, I'm still taking my first steps with bitcoin.

That depends on the cryptocurrency that you wish to hold. For Bitcoin, I would suggest using Electrum. It really is the best (or at least in the top 3) as rated by this community. As far as other cryptocurrencies go, you should avoid closed source wallets like Trustwallet (ironically one wallet that you should not trust). And avoid anything which is custodial. So as long as the wallet is open source, people can poke at it and find its weaknesses. To me, that seems a way better way of pentesting your code then getting vetted by some security audit company.

But a lot of people seem to strive toward Metamask.

[Outhue]

If you want real safe solutions, use cold wallets. The problem is only that they not support all of the altcoins. Ledger or Trezor is a good choice. Cheers 

Don't tell people to just get a cold wallet, and that's the end of their worries, they need to be careful with cold wallet as well, they need to keep their cold wallet's recovery seed safe too. This is why some people believe that there is not much difference between software wallets and hardware wallet, people belief that with a cold wallet you shouldn't be keeping recovery seed since it can get lost.

Also don't recommend Ledger for people, because this wallet is a closed source wallet and it's past history since existence isn't good enough, although the company isn't to be blame for everything but still the closed source side is a big turn off for someone like me.

Trezor is a open source hardware wallet and that makes it better, I always recommend a airgapped hardware wallet to the people in my circle and outside my circle, because you don't need an internet to send coins using airgapped devices.

[Easteregg69]

Exodus. Beginners wallet. The look alone restores the faith in crypto.

[rodskee]

Hello friends!

I have been keeping my cryptocurrencies (I still don't have many, unfortunately) on the Binance exchange.

What type of virtual wallet do you use? And what are the best ways for me to keep my cryptocurrencies safe?

Sorry if it seems like a stupid question, but even though I reasonably understand crypto, I'm still taking my first steps with bitcoin.

You have got your answer mate , it is COLD WALLET or Offline wallet at least because you
wanted to keep safe your crypto but also try not to generalize the word cryptocurrency and Bitcoin
because you need to be specific .

Bitcoin wallet should be something not connected into internet any time because the more
you let it in internet connection is the more prone from hacking .

[Easteregg69]

Hello friends!

I have been keeping my cryptocurrencies (I still don't have many, unfortunately) on the Binance exchange.

What type of virtual wallet do you use? And what are the best ways for me to keep my cryptocurrencies safe?

Sorry if it seems like a stupid question, but even though I reasonably understand crypto, I'm still taking my first steps with bitcoin.

Try first a big fat Chinese JINBAOLAI pig skin wallet with some notes and some coins and some debit cards. Prepaid.

Then Bitcoin becomes obsolete. In the moment.

Why pigskin you might ask. To which I reply. Don't worry. We use the whole animal.

The cards is for later use. Pay day is up! Cheers. (I get a passport and travel the world. Many regrets to to change)

[Easteregg69]

Hello friends!

I have been keeping my cryptocurrencies (I still don't have many, unfortunately) on the Binance exchange.

What type of virtual wallet do you use? And what are the best ways for me to keep my cryptocurrencies safe?

Sorry if it seems like a stupid question, but even though I reasonably understand crypto, I'm still taking my first steps with bitcoin.

Try first a big fat Chinese JINBAOLAI pig skin wallet with some notes and some coins and some debit cards. Prepaid.

Then Bitcoin becomes obsolete. In the moment.

Why pigskin you might ask. To which I reply. Don't worry. We use the whole animal.

The cards is for later use. Pay day is up! Cheers. (I get a passport and travel the world. Many regrets to to change)

Music:



0:02 / 6:36


Squarepusher - Wendorlan / Slamstep Remix (Scope Stills)

(Steep learning curve)

[9TONNN]

I would recommend Trust wallet. And Atomic wallet.

[0t3p0t]

Since I am a mobile phone user, I prefer using non-custodial wallet apps. All these apps were tested and proven safe. I've been using most of these wallets since 2017 up until now. These are all the mobile wallets I am currently using;
Trust Wallet
Mycelium
Coinomi
BlueWallet
Green Wallet
Electrum