Post
Topic
Board Bitcoin Discussion
Re: you're making bitcoin complicated
by
o_e_l_e_o
on 08/09/2020, 07:57:11 UTC
If a newbie asked which wallet to use, the answer is to look for a locally available wallet before accessing wallets that are internationally available since using internationally available wallets would be rather hard to use since local wallets have an automatic converter to that newbies currency.
Choosing a wallet based on its in built exchange functions is a bad idea. Most wallets with built in exchange functions are custodial, and all of them charge ridiculous prices to make money from their users. Wallets should be picked based on security and transparency, not on exchange partnerships.

it's not because YOU used a webwallet and haven't lost funds yet, that it's a good idear to promote these wallets to new members.
But I drive without a seatbelt and I'm not dead yet, so it must be totally safe! (/s)

I also hate the "every wallet has pros and cons" or "every wallet has vulnerabilities" line. Sure, no wallet is 100% secure, but saying the vulnerabilities of my encrypted, airgapped, locked-in-a-safe cold storage are comparable to the vulnerabilities of a web wallet is just downright wrong.