Best Wallet for Bitcoin

[fikrett]

Yes, it's not worth to take the risk that it possesses.

Because it might sound good that you can earn passively but if that's all the bitcoins that you have, it's best not to continue.

Well, if you can afford to lose everything you have in that stake then that's their choice. That 10% APY is good already to be honest but if that's the risk, I'll not take the gamble.

I would consider it on any other coin, but not for BTC, no thank you.

It's the one coin you wouldn't want to put to such risks..

[Just Say]

Wallets that we only have control over to store Bitcoin, I find them effective. There are actually numerous non-custodial and open source hardware wallets to choose from, but everyone should buy a hardware wallet properly, as they may be safe for investors by staying offline and may even provide benefits from malware or hacking. Even choosing a reputable hardware wallet is prudent. However OP to earn annual interest, you may have to deposit your Bitcoin on platforms like Coinbase, Binance, which are third-party platforms which are very risky, as the exchange authorities keep the keys of each investor, so the deposited funds may be lost. Anyway at this stage Electrum should be used as a great alternative, but keep the passphrase secure as no one may be able to access your wallet without it.

[OcTradism]

There are actually numerous non-custodial and open source hardware wallets to choose from, but everyone should buy a hardware wallet properly, as they may be safe for investors by staying offline and may even provide benefits from malware or hacking. Even choosing a reputable hardware wallet is prudent.

They need to check a wallet as whether it is open source or close source and if they want to get reviews for a wallet reproducibility and other things, this website can help
https://walletscrutiny.com/

With hardware wallets, it's the same like other wallets, have open source and close source hardware wallets. People must check it and also must buy hardware wallets rightly.
[LIST] Open source hardware wallets.
[GUIDE] How to buy a Hardware Wallet the right way.

[boyptc]

Yes, it's not worth to take the risk that it possesses.

Because it might sound good that you can earn passively but if that's all the bitcoins that you have, it's best not to continue.

Well, if you can afford to lose everything you have in that stake then that's their choice. That 10% APY is good already to be honest but if that's the risk, I'll not take the gamble.

I would consider it on any other coin, but not for BTC, no thank you.

It's the one coin you wouldn't want to put to such risks..

That could also be me.

I'm willing to do that with some altcoins but not gonna do it with BTC. I'm sure that many have been tempted to do that because they are seeing the potential and the income that they are not required to do anything at all.

But that's it, as you've said. It's not the crypto that we are willing to put the risk in it. As the price of it getting higher, we all want to be wiser and don't want to waste any opportunity from it. So the what ifs are there of about what if the exchange/platform gets hacked and no refunds have been said?