Post
Topic
Board Bitcoin Discussion
Re: How do I secure my wallet
by
mendace
on 16/06/2023, 19:55:00 UTC
It has been some months that I have been in this forum, I have started making arrangements for transacting with Bitcoin in the aspect of buying and storing. I don't have much knowledge of wallet to the extent of knowing a preferable wallet to use for storing my Bitcoin, right now I know that Bitcoin is a valuable asset from my understanding but other people doesn't accept the fact that it is really an asset, so I want to know a good wallet to use for my Bitcoin because I notice that some wallet my friends recommend to me are all exchange kind of wallet and I was told that it's not proper to use an exchange wallet for storing or saving of Bitcoin for a long time. I wish to have more recommendation or articles to read concerning wallets and it's security values but during my research I was recommended to use electrum wallet but I was confused if electrum wallet is an exchange or a custodial wallet, therefore i need a good direction, clarification and update of suitable wallet from senior colleagues.

There are many interesting wallets to keep your Bitcoins for a long time but I personally follow some rules.  To begin I make sure that the code is open source and therefore that it is released on Github or similar to check the code.  There may be conflicting opinions on this point but this is my opinion.  For the second advice, in addition to the open source software, check that it is recently updated or otherwise still maintained, otherwise without any correction patch it doesn't make much sense to use obsolete software.  Another thing that I prefer and this is my third advice, a hardware portfolio is better than a software and here dozens of discussions could arise, like "secure yes or no", "but the secure element is closed source"... useless chatter

So I'll leave you with one of the cheapest, safest and coolest options I've ever tried.  If you followed the guide you'll be able to build a hardware wallet in no time with Jade's github.

https://bitcointalk.org/index.php?topic=5450647.msg62362581#msg62362581