Quote from: sokani on November 07, 2023, 08:24:44 PM

Quote from: hypothetical on November 06, 2023, 07:05:44 AM

I've asked many people, big and small, which wallet bitcoins are the safest to store long-term.
Many of them said to keep Bitcoin in Binance Account, Ku Coin Account, Trust Wallet.Now my question is if I keep my bitcoins in these wallets will I be able to use them whenever I want and will it be safe.
Are there other wallets where bitcoins are most secure?
I want your opinion.

I can see that you're new to the crypto space and you might not know the dangers attached in keeping your funds on centralized exchanges. Storing your funds on CEX means you're giving them custody over it and you could lose it if the exchange gets hacked, bankrupted or confiscated by the authorities. So if truly you're here to learn and amass knowledge, then you should read through the responses from forum members and take their advice very seriously. No your keys, not your coins.

He probably doesn't know about the FTX incident New crypto users want to hold their crypto on a centralized exchange to save some fees. For example, when Bitcoin is withdrawn from an exchange, some fee is deducted, and when it is brought back to the exchange for the purpose of selling, some transaction fee is deducted. But these thoughts can put them in a lot of danger

Quote from: Coyster on November 07, 2023, 11:50:10 PM

Quote from: ZAINmalik75 on November 06, 2023, 05:39:19 PM

when you make account on Trust wallet you have to keep a recovery key safe in order to access that account again.

There is no "account" in the Bitcoin network, use wallet instead. Trust wallet is a non-custodial wallet, but it is closed source and with being closed source you have to "trust" everything that the developers tell you about the wallet, keys and seed phrase. Atomic wallet is a good example of a closed source non-custodial wallet, they were hacked a few months ago, and quite a lot of their users lost their money, but even as i type this there is still no info from Atomic wallet about what happened. Thus don't use closed source wallets, even if they are non-custodial and give you a recovery phrase.

Trust wallet is fine but it will more secure if op use another Non-custodial wallet like Electrum or if op want to investment a big capital then he should use hardware wallet those will help him to hold his bitcoin more securely without any problem