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[BMF]

Hi, guys!

In case you don't know what is a Bitcoin wallet, well a Bitcoin wallet is like your own online bank account where you can store, send and receive Bitcoins from other people.

These Bitcoin wallets stores your private keys and public keys.
+ With public key you send/receive bitcoins.
+ With private key you access your wallet.

There are 2 big types of Bitcoins wallets:

A. Bitcoin Hot Wallets [connected to the INTERNET] - easy access, less secure

B. Bitcoin Cold Storage Wallets [disconnecd from The INTERNET] - more secure


Now, because you know about these HOT/COLD Bitcoin Wallets there are 4 types of Bitcoin wallets:

1. Bitcoin Software Wallets - available for desktop and mobile devices, you must download a software client to create the actual bitcoin wallet. For this check out: BitcoinCore, MultiBit, Armory, MyCelium, Copay
2. Bitcoin Online Wallets - also know as Bitcoin Web Wallets, they are the easiest to deal with and after you create your wallet you can have access from any device that is connected to the INTERNET. Due to it's easy handle these wallets are not so secure in front of hackers.
3. Bitcoin Paper Wallets - this is Bitcoin Cold Storage and consist of printing out your private and public keys on actual paper. This is more secure but if you lost the paper you dead. For this check out: BitAddress, BitcoinPaperWallet
4. Bitcoin Hardware Wallets - this is basically a USB that once plugged in your computer will deal with every day Bitcoin transactions. For this check out: TREZOR and Ledger wallet.

What Bitcoin wallet do I recommend?

If you deal with low amounts of Bitcoins and receive or send bitcoins every other day, Bitcoin Online Wallets are great for you, if you want to store a good amount of Bitcoins in a safe place go for Bitcoin Hardware Wallet.

What Bitcoin wallet do you use and what's your opinion regarding some bitcoins wallets?


Hi there,

which is the best bitcoin wallet do you guys use?
Do you just have it physically printed out, do you use some online services or do you use one of the physical encrypted hardware solutions such as Keepkey or TREZOR?

 

[Margery]

Of all the ones you mention I give you my approval except in one, and that is Blockchain.com I read right in this forum a user who claimed with photos and evidence that blockchain.com had stolen more than a dozen BTC from that user, I advise you to take a look at the thread, it left me thinking

https://www.beermoneyforum.com/threads/the-true-face-of-blockchain-com-500-000.118236/

There have been reports that Blockchain.com, a popular online wallet and cryptocurrency exchange, was the target of a large-scale hack that resulted in the theft of more than a dozen bitcoins (BTC). According to reports, the hackers were able to gain access to the wallet's private keys, allowing them to carry out unauthorized coin transfers. Since then, Blockchain.com has taken steps to secure its systems and offer customers compensation for lost funds. All Blockchain.com users are encouraged to transfer their funds to a secure wallet, such as a hardware wallet, to ensure that their coins remain safe.

 

[Riberet19]

There have been reports that Blockchain.com, a popular online wallet and cryptocurrency exchange, was the target of a large-scale hack that resulted in the theft of more than a dozen bitcoins (BTC). According to reports, the hackers were able to gain access to the wallet's private keys, allowing them to carry out unauthorized coin transfers. Since then, Blockchain.com has taken steps to secure its systems and offer customers compensation for lost funds. All Blockchain.com users are encouraged to transfer their funds to a secure wallet, such as a hardware wallet, to ensure that their coins remain safe.

Yes, but all that does not justify that a user is deprived of their coins, if the hack was fault of blockchain.com they have to take care of the compensations to their customers, because that user claims to have been scammed with half a million dollars at the date of the publication of that thread.

 

[Margery]

Yes, but all that does not justify that a user is deprived of their coins, if the hack was fault of blockchain.com they have to take care of the compensations to their customers, because that user claims to have been scammed with half a million dollars at the date of the publication of that thread.

So for this, he needs to contact the service itself and resolve the issue directly with it. I did not go to the thread with the topic. I know that these things happen from time to time. Yes, and I have not worked with this service for a long time.

 

[Riberet19]

So for this, he needs to contact the service itself and resolve the issue directly with it. I did not go to the thread with the topic. I know that these things happen from time to time. Yes, and I have not worked with this service for a long time.

I understand, no problem, it is just information to take into account, so I would not consider or recommend Blockchain.com really, the user contacted them and in the thread you could see how they spent many months giving excuses to him, exact things that happens.

 

[Margery]

I understand, no problem, it is just information to take into account, so I would not consider or recommend Blockchain.com really, the user contacted them and in the thread you could see how they spent many months giving excuses to him, exact things that happens.

I stopped working with Blockchain.com quite a long time ago. When alternative wallets for cryptocurrencies began to appear. Blockchain.com had very high deposit and withdrawal fees, although they are practically the first online wallet in the crypto world.

 

[Riberet19]

I stopped working with Blockchain.com quite a long time ago. When alternative wallets for cryptocurrencies began to appear. Blockchain.com had very high deposit and withdrawal fees, although they are practically the first online wallet in the crypto world.

Yes, I did not know that they were the first, interesting, but with those rates as you say, it is normal that you rethink their use, in the end desktop wallets even offer a very good service and with generally low rates, that is why their popularity.

 

[Margery]

Yes, I did not know that they were the first, interesting, but with those rates as you say, it is normal that you rethink their use, in the end desktop wallets even offer a very good service and with generally low rates, that is why their popularity.

Yes, sure! Now everything is different, the cryptocurrency service has grown many times, and then they alone were a more normal wallet and everyone went to them, since there was no big alternative. Everything else was just beginning and you had to be a good specialist to use something new. Now everything is done in a couple of clicks, before everything was a little more complicated. Also because the cryptocurrency was not very common and well-known.

 

[Margery]

When it comes to storing Bitcoin securely, it's important to choose a wallet that offers robust security features to protect your assets. Here are some of the best Bitcoin wallets for secure storage:
1.Ledger Nano S
2.Trezor
3.Exodus
4.Electrum
5.Bitcoin Core

There are many different options for bitcoin wallets such as cold wallet, online wallet, mobile wallet and paper wallets. Usually people use an online wallet as it is easier to use and available at any time even if you don't have an internet connection. But cold wallets are more secure as your funds are kept offline and inaccessible.

 

[Riberet19]

There are many different options for bitcoin wallets such as cold wallet, online wallet, mobile wallet and paper wallets. Usually people use an online wallet as it is easier to use and available at any time even if you don't have an internet connection. But cold wallets are more secure as your funds are kept offline and inaccessible.

Yes, there are many options, the ones he comments are quite good, me for example of those he comments I have used all but trezor, in none I have really had problems, if you are a user who does not have hardware wallet and wants to have your bitcoin safe, electrum and bitcoin core are really good, exodus is more for various tokens, since it has a great variety of them.

 

[herbertwilson]

My wife kicked me out of the house and wouldn't let me close to the kids. My Children resented me, saying they are dissapointed that i lost all my money and our savings trying to cash in on some crypto investments i invested in. I couldn't concentrate in life and my work suffered which almost got me fired by my boss. Luckily i was given some time off, and i spent that time doing some thinking and research on how to get my stolen crypto back, veritasfundsecrity.com was the perfect answer for me, they saved my life and family. I'm the most lucky man that i found these professional people.

 

[Riberet19]

My wife kicked me out of the house and wouldn't let me close to the kids. My Children resented me, saying they are dissapointed that i lost all my money and our savings trying to cash in on some crypto investments i invested in. I couldn't concentrate in life and my work suffered which almost got me fired by my boss. Luckily i was given some time off, and i spent that time doing some thinking and research on how to get my stolen crypto back, veritasfundsecrity.com was the perfect answer for me, they saved my life and family. I'm the most lucky man that i found these professional people.

Don't you see that the trick is obvious? If you want to promote a company to recover your lost cryptocurrencies open a thread, and you communicate their pros their cons and proof that they recovered your crypto, on the other hand, nobody in this thread is talking about stolen cryptography, it is out of place really.

 

[Yasino9]

You are from Philippines too! I want to use Xapo but someone advised me it's not as good as others. I will ask my friend which wallet works better otger than coins.ph. They also told ne about offline waplet.

You can use Coinbase, Xapo and other Bitcoin wallets available there. But I am using coins.ph but it was only available in our country. There might be a version of it on other countries. I only use coins.ph because it is easy to use and they offer other services.

I do not advise you on the xapo wallet, but a better one is better, such as Exodus-Guarda-bitgo wallet-Atomic wallet

 

[Margery]

My wife kicked me out of the house and wouldn't let me close to the kids. My Children resented me, saying they are dissapointed that i lost all my money and our savings trying to cash in on some crypto investments i invested in. I couldn't concentrate in life and my work suffered which almost got me fired by my boss. Luckily i was given some time off, and i spent that time doing some thinking and research on how to get my stolen crypto back, veritasfundsecrity.com was the perfect answer for me, they saved my life and family. I'm the most lucky man that i found these professional people.

In order to return the funds lost in deposits, many come up with services in which they write that they will help you return the lost money. But that's not the case at all! To begin with, you will be asked to give them part of the money to start the investigation, in the future you will need to pay more. You will be told that any work requires financial costs. In the end, you are lost and will not find here. Such sites are a simple deception of gullible users.

 

[Ben Kempton]

Yes, I did not know that they were the first, interesting, but with those rates as you say, it is normal that you rethink their use, in the end desktop wallets even offer a very good service and with generally low rates, that is why their popularity.

I think that desktop wallets could offer great security as well. I use Coinomi desktop wallet and it is a great wallet with many features. I love it and i have been using it for many years. Desktop wallets are also preferred by many people who do not like to use the Web wallets.

 

[Margery]

For many people, desktop cryptocurrency wallets have an advantage as they provide full control point of access and security. They do not require an internet connection to access your funds and provide the best protection against hacking and hacker attacks. They also have lower cost and a good level of ease of use.

 

[Riberet19]

I think that desktop wallets could offer great security as well. I use Coinomi desktop wallet and it is a great wallet with many features. I love it and i have been using it for many years. Desktop wallets are also preferred by many people who do not like to use the Web wallets.

Yes, for me hot wallets are somehow safer than web wallets to tell the truth, there are many of them with many functionalities such as Coinomi which I have not used to be honest, it can also be exodus or trust wallet, if you are looking for a good wallet for bitcoin for example would also be Electrum.

 

[Margery]

Electrum is a reliable and secure bitcoin wallet that provides users with encrypted storage, convenient transaction verification and easy interaction with many exchanges and exchangers. In addition, Electrum has a feature-rich app for connecting to mobile devices.

 

[Riberet19]

Electrum is a reliable and secure bitcoin wallet that provides users with encrypted storage, convenient transaction verification and easy interaction with many exchanges and exchangers. In addition, Electrum has a feature-rich app for connecting to mobile devices.

I love electrum is very easy to use and very safe, you can also create multi-wallets there, which makes it even better, I think it is a good wallet in which I use it to diversify my bitcoin funds between different wallets.

 

[Margery]

I love electrum is very easy to use and very safe, you can also create multi-wallets there, which makes it even better, I think it is a good wallet in which I use it to diversify my bitcoin funds between different wallets.

I fully agree that Electrum is a fairly reliable wallet for storing cryptocurrencies. It offers many security features such as two-factor authentication, automatic mnemonic key recovery, and decentralized data storage.

 

[Riberet19]

I fully agree that Electrum is a fairly reliable wallet for storing cryptocurrencies. It offers many security features such as two-factor authentication, automatic mnemonic key recovery, and decentralized data storage.

Another that we should take into account is Bitcoin core which is also very safe, but this occupies a large space on the computer because you must download all the Bitcoin transaction record among others, but I also use it and I like it a lot, although this I think is more for users a little more advanced.