Post
Topic
Board Beginners & Help
Re: Which wallet is safe for long term Bitcoin storage?
by
Ruttoshi
on 08/11/2023, 18:29:11 UTC
OP, you shouldn't just start asking anybody about bitcoin and how to store your coins because most people out there don't know the difference between an exchange and a wallet. Exchange is an account and when you keep your coins in an exchange, it is no longer yours and that is why everyone has already advised your to use a noncustodial wallet where only you have access to your keys because your keys are what keep your funds save in your wallet which only you should have.

If you want to keep small amount of bitcoin, you can use a hot wallet like electrum and blue wallet. If you want to store a large amount of bitcoin, it is better you go for a hard ware wallet or use a cold storage wallet where you are to generate the keys in an air-gap device.i.e a computer has will never be connected to the internet and create an online watch wallet that will enable you to monitor, sign transaction and broadcast transactions too.

Ledger Nano X are good cold storage wallets.
It has been confirmed by experts in the forum that ledger Nano is not a secured hard wallet after Betnomi scammed some forum members. Passport is a good hardware wallet that guarantee the safety of your coins but not 100%.