Post
Topic
Board Bitcoin Discussion
Re: What things do you study while choosing a wallet?
by
tjtonmoy
on 04/05/2023, 17:39:09 UTC
There are a lot of cryptocurrency wallets to pay and receive payments. While you choose a wallet, what things do you consider first like technical support, transaction fees or blockchain technology and why and what is the most important thing for you? We should discuss that!
Security should be the first concern while choosing any wallet. If you are not able to keep your coins secure, then what's the point of owning the wallet? There are few software wallets that can give you better securities but as they are software, they are not immune to hacking. Keeping that in mind, the best choice should be hardware wallets. Security, storing capability, anonymity - this can offer them all. And transaction fee is not an issue because you can always use custom gas fee for every transaction.
If you are storing your BTC for a long time, then use hardware wallet. If you are moving your BTC frequently, then software wallets could give you some advantage. One I can recommend is Electrum. But the user interface and function is a bit complicated.
So that should be a concern too. User-friendly interface and easy to use.