Help me choose an Exchange & Wallet Question

[dim_mak5]

Hi,

I am from UK.

This is the list of approved exchanges according to UK FCA regulations:

https://register.fca.org.uk/s/search?predefined=CA

From the above link, does anyone know whether OKX, Bybit or Bitget cex exchanges are listed in that FCA list or if so they are using different registered company name in that list?

Lastly which multi-crypto software wallet where you control the keys that is compatible with most altcoins and the wallet supports a feature where it notifies you within the wallet/app if a coin you are hodling in that wallet is swapping to an upcoming newer version of a coin for example 1:1 swap for a newer version of a coin and you must do the swap by a certain deadline or if the wallet does the swap for you automatically without manual intervention from the wallet owner? Or if the wallet/app gives you the latest news on that altcoin you hodling in it so can be notified and be well informed in advance. Does any hardware wallets support this also?

Thanks,

[Perfectbaby]

For cryptocurrency wallet bitcoin precisely I will advise you to use a hardware wallet such as Ledger nano or Trezor, Tangem, Secux W10, or Decent biometric wallet. All these wallets are hardware which you can used to secure store your bitcoin, although I am not too sure of all except for the ledger nano since is mostly mentioned over here I believe is reliable than the rest. For about software wallet, you can use electrum wallet to store your coin instead of leaving your asset inside exchange account it makes it more risky to lose your asset if there are to be attack towards the exchange.

About exchange, some of those exchange you mentioned are good but you must check their terms of service and country of operation to know if they are friendly with your country, I don't know about coinbase and kraken or Binance maybe those who are from same country with you could give you more analogy towards exchanges they uses more

[BitMaxz]

No exchanges that you mention above from that link according to them or from that site those exchanges you mention like OKX and Binance are Unauthorised firms.

It's pretty bad you are living in the UK with heavy regulation including EU countries I am not living there so I can't guarantee what exchange you should use.
But if you prefer the exchanges from that link I know a few of them

Code:

gemini
bitpanda
bitstamp
revolut
uphold

Only Revolut is what I experienced to use before but it did not have a crypto option yet at that time right now it seems they do have a crypto tab where you can buy BTC and able to withdraw to a crypto wallet.

About a wallet, since you are looking for secured multi-coin support then only hardware is the best option check the thread below for list of open-source hardware wallets.

- https://bitcointalk.org/index.php?topic=5288971.0

I have never heard of any hardware wallet that could notify you of upcoming new versions of coins why not just monitor the coin? follow them on X(Twitter) it should be the best source to know about the coin or their official telegram.

[dim_mak5]

For cryptocurrency wallet bitcoin precisely I will advise you to use a hardware wallet such as Ledger nano or Trezor, Tangem, Secux W10, or Decent biometric wallet. All these wallets are hardware which you can used to secure store your bitcoin, although I am not too sure of all except for the ledger nano since is mostly mentioned over here I believe is reliable than the rest. For about software wallet, you can use electrum wallet to store your coin instead of leaving your asset inside exchange account it makes it more risky to lose your asset if there are to be attack towards the exchange.

About exchange, some of those exchange you mentioned are good but you must check their terms of service and country of operation to know if they are friendly with your country, I don't know about coinbase and kraken or Binance maybe those who are from same country with you could give you more analogy towards exchanges they uses more

When you say Biometric wallet do you mean a wallet that scans your eye or fingerprint scan? Isn't this risky where lets say the thief gets your wallet and forces you to open your eye or force to place your finger on the hardware wallet or the Tyrant Government of that country forces you to do the same? Isn't there a biometric wallet that detects your in stressful situation like this by scanning your heart rate or something or the dilution of your eye pupils that your biometric wallet auto detects your in a stressful situation and wont allow your biometrics at this stressful time to access your biometric wallet?

Didn't Ledger I heard compromised their source code that allows your private keys to be backed up to their ledger servers with their new online recovery service and their source code is not open source? I never heard of Tangem, Secux W10.

Okay coming back onto the main subject, I am not interested in Bitcoin wallets, I am interested in a multi-crypto wallet will obviously support bitcoin as well that has the features  I mentioned above. You know any?

[dim_mak5]

No exchanges that you mention above from that link according to them or from that site those exchanges you mention like OKX and Binance are Unauthorised firms.

It's pretty bad you are living in the UK with heavy regulation including EU countries I am not living there so I can't guarantee what exchange you should use.
But if you prefer the exchanges from that link I know a few of them

Code:

gemini
bitpanda
bitstamp
revolut
uphold

Only Revolut is what I experienced to use before but it did not have a crypto option yet at that time right now it seems they do have a crypto tab where you can buy BTC and able to withdraw to a crypto wallet.

About a wallet, since you are looking for secured multi-coin support then only hardware is the best option check the thread below for list of open-source hardware wallets.

- https://bitcointalk.org/index.php?topic=5288971.0

I have never heard of any hardware wallet that could notify you of upcoming new versions of coins why not just monitor the coin? follow them on X(Twitter) it should be the best source to know about the coin or their official telegram.

Just to confirm Revolut allows you to withdraw BTC (any amount) to your own wallet that you control?

These exchanges you listed:

- bitpanda
- bitstamp
- uphold

Which ones has the most altcoins listed and which ones open its doors for UK customers and are they on that FCA list above? Basically I am looking for an exchange that lists the same new altcoins that Binance does.

I am interested in a multi-crypto software wallet instead of a hardware wallet. Software wallets are connected to the internet at all times so they should have the feature where it notifies you within the wallet/app if a coin you are hodling in that wallet is swapping to an upcoming newer version of a coin for example 1:1 swap for a newer version of a coin and you must do the swap by a certain deadline or if the wallet does the swap for you automatically without manual intervention from the wallet owner. Or if the wallet/app gives you the latest news on that altcoin you hodling in it so can be notified and be well informed in advance. Makes sense for a cold storage hardware wallet not to have this feature for security reasons.

I am planning of just hodling altcoins in my own wallet without the need to manually monitor their twitter or telegram pages everyday you know what I mean. Software wallets should have this feature which will give them an advantage over hardware wallets.

I say this because I have lost nearly $1000 in my own wallet in the past because I withdraw from exchange to my own wallet. How this happened? I withdrew an crypto altcoin from exchange to my own wallet that I planned to Hodl for the next bull market, it sat in my wallet safe, I wasn't hacked or anything. Then when the bull market came the altcoin dropped to $0 because there was 1:1 swap for a newer version of the coin that had to be swapped by a certain deadline otherwise if you don't swap the coin the old version becomes worthless. I missed this. By hodling it in my own wallet, my own wallet didn't notify me of this upcoming swap or deadline so basically I was hodling a worthless coin in my own wallet that I didn't knew about. Had I left this coin on a exchange like Binance then Binance would have notified me by email of this upcoming swap or Binance would do the swap for me automatically because I have no time to manually check the latest news of a altcoin that I bought via google search everyday. This risk does not happen with bitcoin because with bitcoin you can sleep at nigh easily but with altcoins you need to be constantly updated on the latest news to avoid losing money this way.

Please advise.

[mk4]

For the wallet part:

It's really difficult to find a decent wallet that supports all chains. The best and most secure way is to purchase a cheap Ledger Nano S Plus, and then use it together with the wallets of specific chains you want to use(MetaMask for Ethereum, Phantom for Solana, etc etc). That way, you only have 1 secure wallet you can use to interact with most chains.

For more educational material:

* https://chainsec.io
* https://www.lopp.net/bitcoin-information/security.html

[dim_mak5]

For the wallet part:

It's really difficult to find a decent wallet that supports all chains. The best and most secure way is to purchase a cheap Ledger Nano S Plus, and then use it together with the wallets of specific chains you want to use(MetaMask for Ethereum, Phantom for Solana, etc etc). That way, you only have 1 secure wallet you can use to interact with most chains.

For more educational material:

* https://chainsec.io
* https://www.lopp.net/bitcoin-information/security.html

Curious to know on why would someone add another wallet layer like metamask on top of their hardware wallet like ledger nano s when the ledger device natively supports ethereum anyway without the need for metamask Why don't they go to metamask wallet directly without attaching it to the ledger device increasing security risks vectors for the ledger device? Or why don't metamask release their own hardware wallet?

[Potato Chips]

I am interested in a multi-crypto software wallet instead of a hardware wallet. Software wallets are connected to the internet at all times so they should have the feature where it notifies you within the wallet/app if a coin you are hodling in that wallet is swapping to an upcoming newer version of a coin for example 1:1 swap for a newer version of a coin and you must do the swap by a certain deadline or if the wallet does the swap for you automatically without manual intervention from the wallet owner. Or if the wallet/app gives you the latest news on that altcoin you hodling in it so can be notified and be well informed in advance. Makes sense for a cold storage hardware wallet not to have this feature for security reasons.

I am planning of just hodling altcoins in my own wallet without the need to manually monitor their twitter or telegram pages everyday you know what I mean. Software wallets should have this feature which will give them an advantage over hardware wallets.

I've never heard of such feature in a wallet and I'm not sure it's in demand given how easy it is to get some news in different platforms. BTW, most altcoin projects right now have discord servers as well. They setup optional roles for people to join in including important announcements so you get a push notification for it.

In addition, does checking for a couple of minutes once every two weeks, out of the question too? I've encountered coins switching to a new chain or a new version as you say, but reputable projects typically give an ample amount of time for their holders. If the coin you were talking about only gave like 2 weeks or so otherwise it's all ash and dust, then it's most likely a scummy project.

[mk4]

Curious to know on why would someone add another wallet layer like metamask on top of their hardware wallet like ledger nano s when the ledger device natively supports ethereum anyway without the need for metamask Why don't they go to metamask wallet directly without attaching it to the ledger device increasing security risks vectors for the ledger device?

You're going to need to connect to MetaMask if you want to actually use DeFi(Uniswap and other DEXs, lending/borrowing, airdrops, etc). But if literally all you want to do is to hold, then sure just use Ledger Live if you want to; I'd still personally use MetaMask though.

Or why don't metamask release their own hardware wallet?

Because that's an entirely new product altogether.

[dim_mak5]

I am interested in a multi-crypto software wallet instead of a hardware wallet. Software wallets are connected to the internet at all times so they should have the feature where it notifies you within the wallet/app if a coin you are hodling in that wallet is swapping to an upcoming newer version of a coin for example 1:1 swap for a newer version of a coin and you must do the swap by a certain deadline or if the wallet does the swap for you automatically without manual intervention from the wallet owner. Or if the wallet/app gives you the latest news on that altcoin you hodling in it so can be notified and be well informed in advance. Makes sense for a cold storage hardware wallet not to have this feature for security reasons.

I am planning of just hodling altcoins in my own wallet without the need to manually monitor their twitter or telegram pages everyday you know what I mean. Software wallets should have this feature which will give them an advantage over hardware wallets.

I've never heard of such feature in a wallet and I'm not sure it's in demand given how easy it is to get some news in different platforms. BTW, most altcoin projects right now have discord servers as well. They setup optional roles for people to join in including important announcements so you get a push notification for it.

In addition, does checking for a couple of minutes once every two weeks, out of the question too? I've encountered coins switching to a new chain or a new version as you say, but reputable projects typically give an ample amount of time for their holders. If the coin you were talking about only gave like 2 weeks or so otherwise it's all ash and dust, then it's most likely a scummy project.

Okay out of Telegram, Discord and Twitter X, which is the best, gets the latest news 1st for crypto altcoins? Which you will choose out of these 3 social platforms or which platform most crypto altcoins use for updates?

[dim_mak5]

Curious to know on why would someone add another wallet layer like metamask on top of their hardware wallet like ledger nano s when the ledger device natively supports ethereum anyway without the need for metamask Why don't they go to metamask wallet directly without attaching it to the ledger device increasing security risks vectors for the ledger device?

You're going to need to connect to MetaMask if you want to actually use DeFi(Uniswap and other DEXs, lending/borrowing, airdrops, etc). But if literally all you want to do is to hold, then sure just use Ledger Live if you want to; I'd still personally use MetaMask though.

Or why don't metamask release their own hardware wallet?

Because that's an entirely new product altogether.

Okay but why not use the metamask software wallet or browser extension directly with de-fi instead of layering it with the ledger device? I ask because I hear scam stories from ledger users when they layered their ledger devices with the metamask interface, scams like receiving free airdrops or free nfts in their ledger device that could be malicious code to expose their ledger devices to vulnerabilities.

The whole point of a cold storage hardware wallet is not to touch the internet so I cant understand why would ledger users take risk and layer their ledger devices to hot software wallets like metamask interfaces and why does the company ledger allow this?

[Belarge]

Hi,

I am from UK.

This is the list of approved exchanges according to UK FCA regulations:

https://register.fca.org.uk/s/search?predefined=CA

From the above link, does anyone know whether OKX, Bybit or Bitget cex exchanges are listed in that FCA list or if so they are using different registered company name in that list?

Lastly which multi-crypto software wallet where you control the keys that is compatible with most altcoins and the wallet supports a feature where it notifies you within the wallet/app if a coin you are hodling in that wallet is swapping to an upcoming newer version of a coin for example 1:1 swap for a newer version of a coin and you must do the swap by a certain deadline or if the wallet does the swap for you automatically without manual intervention from the wallet owner? Or if the wallet/app gives you the latest news on that altcoin you hodling in it so can be notified and be well informed in advance. Does any hardware wallets support this also?

Thanks,

The mentioned above crypto related exchanges serves better tasks and have been very important for investors, holders of long term coins and the traders. We know the market is precisely stationed by seasons and hoping to buckled our shoes before the bull season kicks off. As for wallets, there's probably more preferable alternatives to consider in the space perhaps for clarification, it's better to make thorough findings regarding the corner point you're going.

[dim_mak5]

Okay which multi crypto software wallet you guys recommend?

[EL MOHA]

Okay which multi crypto software wallet you guys recommend?

There are many multi coin wallets but the choice depends on what you want, there is the cold wallets which are the hardware wallets like Trezor or passport, which in terms of security are the best to use, most especially if you’re going for long term hold and a very large amounts. Then there is the hot wallet which are the metamask wallets that supports EVM chain coins and the unstoppable wallet. The hot wallet too can be used for small amounts if you can’t afford the amount for hardware wallets. Any of these wallet can be used.

The issue of having wallets that can actually tell you when a coin migrates or Those the swap automatically for you is something that I don’t think any wallet can do. You need to follow up on the token news following there social media handles for important updates or better still use the likes of CoinGecko or CoinMarketCap for news like this. 

[tabas]

Okay but why not use the metamask software wallet or browser extension directly with de-fi instead of layering it with the ledger device? I ask because I hear scam stories from ledger users when they layered their ledger devices with the metamask interface, scams like receiving free airdrops or free nfts in their ledger device that could be malicious code to expose their ledger devices to vulnerabilities.

When you've received those unknown airdrops or tokens from your wallet, whether you own a ledger, a trezor or any type of wallet. Just ignore them and never visit the website that they indicate on that message of that free token for you to claim. There's no way to stop them but it's for us to stop ourselves from accessing them and best to ignore them.

The whole point of a cold storage hardware wallet is not to touch the internet so I cant understand why would ledger users take risk and layer their ledger devices to hot software wallets like metamask interfaces and why does the company ledger allow this?

If that doesn't sound good to you, don't purchase the ledger and also they've made significant changes to their features which is known as the recover. As for your question, you don't have to connect to those apps if you're using a hardware wallet. Just as you've said, you'll just use it as storage and never transact and connect it to other wallets like meta mask if that's giving you a scary thought and nothing will happen to you.

[mk4]

Okay but why not use the metamask software wallet or browser extension directly with de-fi instead of layering it with the ledger device?

So your wallet's private keys are still going to be safely stored on the Ledger device; in contrast to just using MetaMask alone where your private keys are stored on your computer/phone.

I ask because I hear scam stories from ledger users when they layered their ledger devices with the metamask interface, scams like receiving free airdrops or free nfts in their ledger device that could be malicious code to expose their ledger devices to vulnerabilities.

Those are user errors, not Ledger vulnerabilities. A hardware wallet can't stop you from signing a malicious contract or sending funds to a hacker's wallet address.

The whole point of a cold storage hardware wallet is not to touch the internet so I cant understand why would ledger users take risk and layer their ledger devices to hot software wallets like metamask interfaces and why does the company ledger allow this?

Because a lot of people use their cold storage wallets to swap tokens and stuff. Also, take note that you can have multiple wallet addresses even if you use a Ledger+MetaMask setup. So you can use one address solely for holding, and another address for interacting with protocols.

[dkbit98]

The whole point of a cold storage hardware wallet is not to touch the internet so I cant understand why would ledger users take risk and layer their ledger devices to hot software wallets like metamask interfaces and why does the company ledger allow this?

You are not connecting keys and seed words to internet, that is important, and it doesn't really matter what software wallets you are connecting when you have to approve each transaction on your device.
However I would never suggest closed source ledger devices to anyone.

Okay which multi crypto software wallet you guys recommend?

There are only a few options that are open source.
For desktop computers that is Cake wallet and Stack wallet, and for mobile devices Unstoppable wallet, Cake wallet and Stack wallet.

[dim_mak5]

Okay which multi crypto software wallet you guys recommend?

There are many multi coin wallets but the choice depends on what you want, there is the cold wallets which are the hardware wallets like Trezor or passport, which in terms of security are the best to use, most especially if you’re going for long term hold and a very large amounts. Then there is the hot wallet which are the metamask wallets that supports EVM chain coins and the unstoppable wallet. The hot wallet too can be used for small amounts if you can’t afford the amount for hardware wallets. Any of these wallet can be used.

The issue of having wallets that can actually tell you when a coin migrates or Those the swap automatically for you is something that I don’t think any wallet can do. You need to follow up on the token news following there social media handles for important updates or better still use the likes of CoinGecko or CoinMarketCap for news like this. 

I'm looking for a software wallet that supports many different crypto altcoins and different blockchains. Metamask only supports ethereum type coins? What about unstoppable?

[dim_mak5]

Okay but why not use the metamask software wallet or browser extension directly with de-fi instead of layering it with the ledger device?

So your wallet's private keys are still going to be safely stored on the Ledger device; in contrast to just using MetaMask alone where your private keys are stored on your computer/phone.

I ask because I hear scam stories from ledger users when they layered their ledger devices with the metamask interface, scams like receiving free airdrops or free nfts in their ledger device that could be malicious code to expose their ledger devices to vulnerabilities.

Those are user errors, not Ledger vulnerabilities. A hardware wallet can't stop you from signing a malicious contract or sending funds to a hacker's wallet address.

The whole point of a cold storage hardware wallet is not to touch the internet so I cant understand why would ledger users take risk and layer their ledger devices to hot software wallets like metamask interfaces and why does the company ledger allow this?

Because a lot of people use their cold storage wallets to swap tokens and stuff. Also, take note that you can have multiple wallet addresses even if you use a Ledger+MetaMask setup. So you can use one address solely for holding, and another address for interacting with protocols.

Contracts whether they are genuine or malicious are hard to read & understand and ledger users will most likely end up approving/signing the contract with their device. Hardware wallets should have built in malicious code detection kinda like for example anti-virus or malware detection. There's no anti detection in any hardware wallets which is shocking considering the amount of money these hardware wallets costs.

[dim_mak5]

The whole point of a cold storage hardware wallet is not to touch the internet so I cant understand why would ledger users take risk and layer their ledger devices to hot software wallets like metamask interfaces and why does the company ledger allow this?

You are not connecting keys and seed words to internet, that is important, and it doesn't really matter what software wallets you are connecting when you have to approve each transaction on your device.
However I would never suggest closed source ledger devices to anyone.

Okay which multi crypto software wallet you guys recommend?

There are only a few options that are open source.
For desktop computers that is Cake wallet and Stack wallet, and for mobile devices Unstoppable wallet, Cake wallet and Stack wallet.

How many cryptos does cake, stack & unstoppable wallets support and all these are open source correct?