Post
Topic
Board Wallet software
Re: Best cold wallet for BTC storage?
by
lixer
on 08/10/2022, 12:34:41 UTC
Hi, I'm kinda new to this whole Bitcoin thing, but I heard it was big and wanted in, so I signed up for Coinbase and bought about $1500 worth.
Then I was reading up and read that I shouldn't store my coins on exchanges because if they're hacked you could lose everything.
I heard that hardware wallets are the way to prevent that... but what would be the best one?
All I really need is for it to be functional and have Bitcoin support.
I heard that Trezor or Ledger hardware wallets are pretty good... but what do you guys think?
You sound like a typical newbie who quickly get in after hearing that btc can make them a millionaire but anyway coinbase has a lot of users so their security is kinda robust and maybe they offer some kind of refund in case problem can occur and users lost their funds but what you are planning there is also great.

It's always better to be safe than sorry. Not only hacks can happen but coinbase itself can restrict their costumer from using their funds just like a bank so it's better if we transfer the coins to the wallet that we fully control. It doesn't really need to be a hardware wallet but there are online wallets too like electrum which you can use for free.