Post
Topic
Board Trading Discussion
Re: Which wallet should a beginner choose?
by
maydna
on 19/05/2023, 14:52:35 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
At least, that's what I thought, and I positioned myself as a beginner. Buying a wallet costs money, and many newbies do not have so much money that they don't need to buy a hardware wallet yet. He can choose Electrum or Coinomi, as you suggest, and it's free because he just needs to download it to his phone and can use it immediately. But he must also know how to secure his wallet from people with bad intentions. And later, after he can get the benefits from investing, he can buy a hardware wallet that suits him.