Post
Topic
Board Bitcoin Discussion
Re: Which is the best wallet to store bitcoin.
by
retampan
on 27/11/2017, 22:55:59 UTC
Hello i have recently bought some bitcoin and litecoin and was wandering what wallet or method is the best to store it in. (From the UK if that helps)

Thanks.

Regardless of what you choose try to stay away from Coinbase. I personally use Electrum, and a lot of people have agreed that it's one of the better wallets out there -- they've supported the major forks (to an extent at least with electrum cash), but Coinbase is just too steep with the fees. Try to avoid that because it gets in the way with trying to exchange crypto into fiat.

Which wallet type would be the best to create if i used Electrum? https://gyazo.com/c7c40c6a4b6fb6ffc1a3beee19083664

The standard wallet would be the best if you haven't experienced Hardware Wallet. Wallet with two-factor authentication means you get more security plus with the 2fa. If you have old Bitcoin addresses then the best choice is Import Bitcoin addresses or private keys. I didn't quite know about the Multi-Signature Wallet. Maybe you can try to read Electrum Docs to learn basic about Electrum: http://docs.electrum.org/en/latest/