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Board Beginners & Help
Re: Which bitcoin wallet would you advice me to have ?
by
aplistir
on 13/07/2019, 12:33:30 UTC
I tried downloading a bitcoin wallet and many options pop up. But to my knowledge about cryptocurrency there are a lot of scam wallet around so in other to avoid falling a victim I am seeking an advice on a legit bitcoin wallet to download.

I also recommend Electrum. It is probably the best. Just be careful where you download it. There are many scamsites where you can download an unsafe version of Electrum.
Actually I would go as far as in addition to being very careful where to download it, also to move to the wallet just a small amount of coins at first. And trust the wallet only if the coins are still there after 2 days.   (Paranoid. I know.) 
Most scam versions of wallets move coins out almost instantly when coins are moved to them  Angry

About buying a hardware wallet:
If you plan to move your coins a lot, then hardware wallet is a good idea.

On the other hand if you just want to store the coins long term, then HD-wallet doesn't give you ANY additional security. Actually the opposite, because your HD wallet could break and you could lose your coins. And if you save your HD wallets seed phrase, how does that differ from paper wallet?
And of course you could get a HD wallet that has been tampered with.

Some people love their HD wallets. And they are indeed one of the safest option if you DO move your coins often.