Post
Topic
Board Beginners & Help
Re: Help me in choosing wallet before I make mistake
by
boyptc
on 21/04/2023, 22:43:52 UTC
Scam is everywhere, I fear for my money. They say the person who ask for help does not make a mistake. I want to own my first Bitcoin next week when my monthly salary is paid but afraid of jumping on any wallet to avoid losing my money.

The popular choices I know and hear from people are Binance, Blockchain and Freewallet. Which one should I choose? I am just starting my bitcoin owning journey and it will be kind of the senior guys to show the way.

You can suggest better ones if there are any.
Good thing that you've asked here first, all of the three that you've mentioned aren't viable and great choices especially if you're going to keep 1 bitcoin in them.

Aside from these recommended desktop wallets.

- Electrum
- Wasabi
- Bitcoin Core
- Samourai

Since you will able to buy one bitcoin next week then I'm sure that a few couple of bucks spent for a hardware wallet won't hit your budget a lot. It's a precautionary measure and will give you better security for your asset.

This is the options you've got for hardware wallets --> https://bitcoin.org/en/choose-your-wallet?step=5&platform=hardware

I'd personally recommended Ledger wallets but I only own one of its version, the old one.

Please don't use web wallets that you've mentioned as your choice, you'll regret if you proceed with those choices.