Post
Topic
Board Beginners & Help
Re: Which wallet is safe for long term Bitcoin storage?
by
Gladitorcomeback
on 08/11/2023, 14:40:53 UTC
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.

I think you asked newbies because only newbie can prefer these wallet. The first two are centralize exchange which means you have no control over your fund. You have no phrase and any misshapen with exchange or your account will lead to lost of fund. Trustwallet is although safe wallet than cex because you will have access to private key but still risk is found because Trustwallet is not open source 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.

You can do it until exchange work well but you are in high risk because anytime exchange face serious issue like Mt gox and FTX. so better not to use these wallet for safety.

Are there other wallets where bitcoins are most secure?
I want your opinion.

If your fund is high then Multisig is best option. Another safe option is cold wallet and at the last I will prefer Electrum which is open source and I am also using it.