Post
Topic
Board Trading Discussion
Re: Which wallet should a beginner choose?
by
coinerer
on 20/05/2023, 13:47:58 UTC
A beginner should first understand how much amount he wants to invest and for how many days he wants to hold it.  If the amount is small then I don't think it makes sense to waste money on buying a hardware wallet.  But if the investment amount is a bit big then it is better to buy hardware in that case. However, only $50 is available to buy a hardware wallet.  Such as Sefpal, Ledger or Trezor. 
Safepal is a close source wallet, it is cheap to buy, but it is one of the wallets I can not tell anyone to buy when there are good ones. It is better to buy a better wallet like Passport or Trezor.
Yes other wallets are better than Safepal like Ledger or Trezor but they are more expensive.  Since op is a new investor he may not have high amount so in that case he can use cheap wallet for now that's why I mentioned safepal. op can buy any wallet he wants it's his personal matter

But if you want to invest less amount then in that case you can use non-custodial wallet in the beginning it will also give security to your investment.
Hardware wallets are noncustodial wallets, just like noncustodial online wallets, only the difference between them is that the private key of hardware wallet is not created online and not online, unlike online wallets.
Because of this he should first use non-custodial wallet as it is completely free and secure enough.  I haven't bought a hardware wallet yet, I've been using non-custodial wallets for a long time without any issues