Post
Topic
Board Bitcoin Discussion
Re: What is best wallet for long term bitcoin holding?
by
denzkilim
on 03/10/2018, 11:09:57 UTC
What is best wallet for long term bitcoin holding? I want to choose one wallet for bitcoin holding. Which one is best and have no bugs and problems? Which one is worse? Which one is easy to instal and easy to use. Which one you just prefer for long term holding.
I used to use ledger to store bitcoin for a long time and I recommend not storing bitcoin for a long time on the exchanger.
Ledger Nano too in here, well i not try to do anything with bitcoin that i save in there yet. So i put it on my ledger and save it in safe place in my room. only put a little amount of bitcoin in local exchanger.
I agree with Ledger Nano especially when a person is hodling a huge amount of Bitcoins or any crypto currencies that the Ledger Nano supports.
A desktop wallet is also good but it should be offline and away from internet connection to prevent malware and viruses enter your system and hack your precious Bitcoin hodlings.

Correct, it is not recommended to store Bitcoin on exchangers for a long period of time because it is too risky and if the exchanger got compromised your funds will surely melt in an instant. Grin