Post
Topic
Board Bitcoin Discussion
Re: Wallet suggestions?
by
Charles-Tim
on 15/01/2024, 16:47:37 UTC
If you want real safe solutions, use cold wallets. The problem is only that they not support all of the altcoins. Ledger or Trezor is a good choice. Cheers  Wink
Ledger is not a good choice if youc are about your privacy. Also its secure element is close source.

Ledger or Trezor are not bad, and above all they are better than leaving your funds in Binance, but they implement anti-privacy policies and ledger is mostly poop. Passport is better but it is more expensive than the cheaper Ledger or Trezor models.

The choice between less bad and cheap would be the Trezor model 1.
Only trezor is better. For bitcoin-only wallet, Passport has been the best because it is open source. Use Passport with Sparrow wallet is good.

For hot wallet: use electrum, BlueWallet and Sparrow (they have both mobile and desktop versions)
Sparrow is only having desktops versions. But Electrum and Bluewallet are both having desktops and mobile version. Electrum is not having iOS version. Bluewallet is not having Windows version.

Electrum is known to be safe according to several members here
Electrum is recommended but the security depends on how you use it. Do not expect it to be safer when you use it as an online wallet compared to when you use in on an airgapped device as a cold wallet. Also the security is increased if you use it as a multisig wallet.