Quote from: Pmalek on May 05, 2020, 11:26:11 AM

I think OP is looking for a more cost-effective solution.

To be honest you're right. I am thinking of an alternative cost-effective solution that has an equal function similar to a hardware wallet can give to an average Joe, that is why I asked if I can set-up an airgapped wallet using an old laptop. Unfortunately, I realized that it is a very tedious work and there is a high risk of losing money involve since I do not have any idea in setting up a Raspeberry Pi.

Quote from: nc50lc on Today at 06:34:42 AM

Was it something like this? /index.php?topic=5237614.msg54149363#msg54149363 <-for 2 Electrum mobile.

Awesome! This is the exact post I am looking for and also it is a nice read. I do have another phone in spare which can be used as a cold storage and I also consider this as an alternative option in receiving crypto for smaller amounts and for daily transactions. Cheesy

However, I decided to just purchase Ledger Nano S as my main wallet in storing most of my crypto for long term hold. After that, I'll set up my current Android phone as the "watch-only wallet" and the other as "cold storage wallet". Is this is a good idea?

It looks like I am going to learn a lot from these. Thank you.

Quote from: Lucius on Today at 10:04:09 AM

"not your private keys, not your coins"

Totally agreed with this, I'll never forget the incident when someone from our local loses his crypto due to the lack awareness that his/her coins.ph can be easily hacked or phished. Not holding your private keys is also one of the reasons why I am very anxious with security, I don't want my hard earned money to get transferred from another address without me knowing or somehow the account to be disabled.

Quote from: Lucius on Today at 10:04:09 AM

If you take all the necessary security measures, which include having a malware/virus free computer + to verify wallet file before installation, then you can have a relatively secure wallet for free even on Windows OS. For extra protection you can use Linux Live CD/USB as mentioned by ranochigo.

Everything you need to know about How to Safely Download and Verify Electrum

Installing another OS is way beyond my knowledge as of now, so maybe this is not the best time to consider that option, but It is much appreciated Wink

Thank you for the good read. Cheesy

Quote from: DaveF on Today at 11:20:02 AM

Or you can do a multisig wallet between a phone and laptop.

Am I right that Electrum is also a multisig wallet? which means I can create multiple bitcoin address which I can use in different transactions? I heard that this is one of the best practice in maintaining your privacy and security.

Keep safe DaveF!