Post
Topic
Board Beginners & Help
Re: Which wallet is safe for long term Bitcoin storage?
by
serjent05
on 08/11/2023, 23:43:50 UTC
I've asked many people, big and small, which wallet bitcoins are the safest to store long-term.

Hardware wallet are good bitcoin wallet to store Bitcoin safely.

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.

It is not advisable to keep your Bitcoin on centralized exchanges, it is always preached that "Not your keys, Not your coins".  There is a tendency that centralized exchanges might deny anyone access so better to do things to avoid such scenario and store your Bitcoin to a non-custodial wallet which means you have the private key to access them.


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

According to investopedia, Ledger Nano is one of the best Bitcoin wallets and it is their pick as the best among the Bitcoin wallets available.[1]




[1] https://www.investopedia.com/best-bitcoin-wallets-5070283