Post
Topic
Board Bitcoin Discussion
Re: What things do you study while choosing a wallet?
by
Lorence.xD
on 05/05/2023, 06:16:26 UTC
The things I consider before choosing a wallet is security, the charging rate and the popularity of the wallet. The popularity of the wallet means how many people are using the wallet. A wallet that is well reorganize with much people is not advisable to use. Like Trust Wallet can not be compared to Electrum Wallet. The best wallet from all the wallets I have used is Electrum.

Popularity of a wallets doesn't mean the wallet is the best wallet to use. Popularity only means there's a good marketing strategist hired by the wallet owners to promote the wallet and they're been successful doing so. An example is Trust wallet,  it's one the most downloaded wallets and very popular but that didn't happen until Binance exchange bought the wallet.

What this means is that, without the marketing of Binance exchange, people won't have noticed the wallet to download it and make use of it. We have so many good wallets that aren't been used because they're not popular or associated with big companies in the market.

Exactly, but for sure those wallet didn't became popular if their services are the worst. Marketing itself won't do good if the users itself know that there's too much lacking in the wallet. But I didn't say that I'm not with you in the popularity itself. There's also an underrated wallets that are much better than the popular ones. The thing is I consider the fact that they are popular so they could assure us the safety and security of our funds. The number of it's user could increase their income for them to improved the quality of the wallets.