Post
Topic
Board Trading Discussion
Re: Which wallet should a beginner choose?
by
arwin100
on 18/05/2023, 11:51:47 UTC
I decided to buy a wallet and try to make money on the crypt. Which one to choose, is there at a price of more than $ 200 is there less, what to pay attention to? It is for a beginner, I don't want to lose a lot of money if something doesn't work out.
As a beginner, I assume you are still learning to understand the concept of crypto. So maybe I wouldn't suggest buying a wallet but instead using an existing wallet. You can even look it up yourself.

That's the least you can do to learn to store your crypto assets because, as a beginner, you need time to start buying and transferring the assets you buy on exchanges. And if your focus is only on Bitcoin, you can use Bitcoin Core to store Bitcoin. And if you start buying altcoins, I think you can store those altcoin assets in a wallet that supports altcoins. Don't rush into buying a hardware wallet if you don't understand how to store crypto assets for the long term.

Buying wallet will just be a waste of resources since since he is new for sure he will just buy few tokens to test out his crypto investments and instead thinking about buying those hardware wallet better to use it to add this on his capital. There are current wallets available and I think newbie friendly and he could choose electrum or coinomi for BTC wallet also metamask for ERC tokens storing. Although there's risk for using this but he just need to be more careful upon executing transaction or pasting his private key on any platform.a