What’s the safest crypto wallet for beginners?

[BenCodie]

There is a difference between the safest wallet and the safest wallet for beginners. Wallets that let you take custody of your coins (in other words, they are not managed by a custodian, platform or third party) are safest generally, because you have complete control. Though with great power, comes great responsibility. If you are a newbie, you will be subject to a variety of risks that custodians may prevent for you (address poisoning attacks, malware, hacks, incorrect usage or mistakes).

Self custody wallets are the best to investigate. Lightweight wallets like sparrow or electurm are great. Though you need to ensure that you are informed enough to use them without making a personal mistake or opening yourself up to vulnerabilities that you are not yet able to protect yourself against (being a beginner).

[Awaklara]

Hey, I’m just getting into crypto and want to store some Bitcoin safely. Can someone recommend a good beginner-friendly wallet?

I still use the Electrum wallet and have never had any issues. You can try it.
It's a good idea for beginners to ask for advice, rather than just searching for a wallet on the Play Store. Having a wallet eliminates the need to store your assets on an exchange, which is highly discouraged.
When you open a wallet, be sure to securely store your recovery seed.

[luckyspirit]

Importantly dangerous, Exodus wallet is close source.
https://walletscrutiny.com/?platform=allPlatforms&page=0&query-string=exodus

That is not a good recommendation, Exodus wallet is farming data and selling it.

It's close source and it can not be reproducible from source code on user side.

Yes, this makes it very dangerous and most people that write about these topics don't understand really what this means. I would never use a closed source wallet, and there is no need for a wallet to be closed source.

There is a difference between the safest wallet and the safest wallet for beginners. Wallets that let you take custody of your coins (in other words, they are not managed by a custodian, platform or third party) are safest generally, because you have complete control. Though with great power, comes great responsibility. If you are a newbie, you will be subject to a variety of risks that custodians may prevent for you (address poisoning attacks, malware, hacks, incorrect usage or mistakes).

Yes but also if you use a custodian you are subject to new risks. How many people have lost money from exchange hacks or their exchange accounts being hacked?

[KiaKia]

Hey, I’m just getting into crypto and want to store some Bitcoin safely. Can someone recommend a good beginner-friendly wallet?

I just think of another point for you.

Please don't confuse about Bitcoin and cryptocurrency (altcoins). You must store your bitcoin only in Bitcoin wallets. If you have altcoins, store your altcoins in other wallets that are used for altcoins only. Never store both bitcoin and altcoins in a same wallet because with altcoins, you can interact with altcoins' scam smart contract. If your wallet is hacked, you will lose both bitcoin and altcoins.

Separating Bitcoin and altcoins in different wallets will reduce risk and help you managing your capital better.

Yes you are right, having your bitcoin in a separate BTC wallet is safer than mixing your Bitcoin with altcoins, I call such wallet multi wallet but where I don't agree with you is the better management of capital.

There are air gapped wallets today that users can store both Bitcoin and altcoins on, and yes they are very easy to manage all together, I think you over exaggerated your point on that part.

I will rather just advice people to not use their main wallet to claim any free altcoins or engage in any airdrops, either its mobile wallet or hardware wallet, but I can't agree more that BTC wallet is safer as a standalone because there is nothing to claim holding Bitcoin.

Unlike so many shitcoins and their fake freebies out there that's been used to lure beginners.

[Bitcoin Smith]

No wallet is safe if the wallet holder doesn't understand the responsibility of keeping the seeds/private keys safe, so the answer really depends on how educated you are about the wallet and internet security.

Theoretically cold storage is 100% safer but again it depends on how the user keep it completely away from internet because one wrong move can expose everything.

[goldkingcoiner]

Electrum is definitely beginner friendly and rated extremely secure by the Bitcointalk community. I use it myself.

But then again it does not support crypto as in altcoins. It supports Bitcoin. If you are planning on depositing some altcoins next to your Bitcoin you are going to need a different wallet.

And as some users have mentioned, no wallet is completely safe. It is up to you to keep it safe and the access away from third parties. I recommend not using the same device you use to surf the internet with to store your wallet. In fact, it is best to keep it air-gapped. There are hardware wallets people prefer to use for this reason over laptops/whatever. Furthermore, make sure to keep your seed phrase safe in such a way that nobody can access it or see it.

[luckyspirit]

No wallet is safe if the wallet holder doesn't understand the responsibility of keeping the seeds/private keys safe, so the answer really depends on how educated you are about the wallet and internet security.

The counter point to this is that even if you are the most educated holder in the world, you are not safe if you use a closed source wallet. Of course such a person will not use such a wallet, but I'm saying it to make a point. Even if you don't know anything, there is a big difference in safety between open source and closed source wallets.

[BenCodie]

There is a difference between the safest wallet and the safest wallet for beginners. Wallets that let you take custody of your coins (in other words, they are not managed by a custodian, platform or third party) are safest generally, because you have complete control. Though with great power, comes great responsibility. If you are a newbie, you will be subject to a variety of risks that custodians may prevent for you (address poisoning attacks, malware, hacks, incorrect usage or mistakes).

Yes but also if you use a custodian you are subject to new risks. How many people have lost money from exchange hacks or their exchange accounts being hacked?

That's correct, and I did say that non custodial is generally the safest way, though one should consider if self custody is safest for a complete new user. How often do exchanges get hacked and how often do people lose their entire portfolio? (once per year or two for tier 1 exchanges, and more recently regulations have helped recoup balances, like FTX). It's a fine interim solution for a complete beginner who wants to get involved in bitcoin but does not know how to use self custody solutions safely, though by no means a permanent solution.

About people's exchange accounts get hacked, if someone's exchange account is getting hacked, then they are getting hacked regardless of if they touch bitcoin/crypto or not, and that takes a step back to general internet knowledge/safety. No one should touch anything relating to cryptocurrency unless they understand general online security (of course many disregard this hence scam and hack statistics are still much higher than they should be).

TLDR - The point I was making was that if OP can't wait, a custodian solution might add some protections against risks that non custodian solutions have for beginners. Of course, the best thing the OP should do is learn how to use non custodial solutions safely, and then choose a non custodian solution (and skip using custodian solutions in the meantime).

[Patikno]

Hey, I’m just getting into crypto and want to store some Bitcoin safely. Can someone recommend a good beginner-friendly wallet?

Well, your question is very good, and it is really necessary for a newbie like you, and I hope every newbie has good thoughts like you. Some forum friends have given you some references regarding the answer, and you are free to choose whichever one you want. However, I will advise you to really save the seedphrase to the wallet you have created and deposit Bitcoin into, because it is your key to access the wallet. In addition, you should avoid centralized exchanges for storing Bitcoin, because there is an important saying "Not Your Keys Not Your Coins". Personally, I keep my seedphrase securely in a paper wallet, while on the storage of my HDD/SSD, I keep it encrypted, and I avoid having my storage connected to the internet. Perhaps you should do the same for more security.

[adultcrypto]

Electrum is definitely beginner friendly and rated extremely secure by the Bitcointalk community. I use it myself.

But then again it does not support crypto as in altcoins. It supports Bitcoin. If you are planning on depositing some altcoins next to your Bitcoin you are going to need a different wallet.

And as some users have mentioned, no wallet is completely safe. It is up to you to keep it safe and the access away from third parties. I recommend not using the same device you use to surf the internet with to store your wallet. In fact, it is best to keep it air-gapped. There are hardware wallets people prefer to use for this reason over laptops/whatever. Furthermore, make sure to keep your seed phrase safe in such a way that nobody can access it or see it.

For the fact that he specified bitcoin,  I think Electrum is the best he can use as a beginner. Besides, it is always better for a bigger to focus on bitcoin only to avoid mistakes of buying these pump and dump shitcoins. Assuming I focused mainly on bitcoin when I started, I would have done better in my investing and most of the mistakes I made that cost me fortune, would have not happened.

[Su-asa]

Without going through other replies in this thread, I'have already believed that you have been given some guidance and good informations based on your questions from the topic and the content in the thread. Actually what I will say is that what's more important to consider is security. If you have been recommended a good wallet which you can use to store your Bitcoin, then the next thing to think about is how secure your seed phrase will be because without them, all your assets will be gone.

[Kagaru]

Hey, I’m just getting into crypto and want to store some Bitcoin safely. Can someone recommend a good beginner-friendly wallet?

Whilst Exodus wallet or Trust Wallet is simple to use and enables you to manage your own keys as a beginner. Simply remember to store your seed phrase and put it somewhere you can access should you forget it since it is a one way road with the storage of your seed phrase leading to the keys to your Bitcoin. In addition, it is a wise thing to avoid using exchanges to keep your coins because you do not actually hold them. The additional security is to have your seed phrase offline such as on paper and never exposed to the internet in which case establishing this practice early will be helpful.

[GeorgeJohn]

Hey, I’m just getting into crypto and want to store some Bitcoin safely. Can someone recommend a good beginner-friendly wallet?

I know that people will come with different suggestions to your questions,but the thing is that you have to also make a research to know the best wallet to use to save bitcoin

For me I do recommend electrum wallet, because since I have been using this electrum wallet I have not noticed any changes or something fishing in that wallet, I think that electrum wallet is good and is also recommendable.

[notocactus]

Whilst Exodus wallet or Trust Wallet is simple to use and enables you to manage your own keys as a beginner.

Sounds like only Exodus and Trust wallets are simple to use for beginners and the other wallets are hard to use. In fact, it's not correct!

For me I do recommend electrum wallet, because since I have been using this electrum wallet I have not noticed any changes or something fishing in that wallet, I think that electrum wallet is good and is also recommendable.

Electrum wallet software is recommended by many people by two main reasons.

• It's non-custodial & open-source.
• It's a SPV wallet software and does not require too much data storage space like Bitcoin Core.

If people want to use Electrum wallet, there are some guides and also important reminders.

• [GUIDE] How to Safely Download and Verify Electrum.
• The paranoid user's security guide for using Electrum safely.