Quote from: SamReomo on March 18, 2024, 05:19:31 PM

Quote from: Genesis Block on March 18, 2024, 02:36:29 PM

I've had a few various wallets over the years, but was wondering what the consensus is currently?

Electrum is the wallet that you should consider. It's the safest wallet for storing your Bitcoin for long-term. But, you may go with Electrum as cold wallet. A cold wallet is much safe for long-term storing of your Bitcoin than a hot wallet.

Some people believe that you should never connect to internet even for a once on the system where you store your cold wallet. While others believe that you may connect to internet during wallet creation and once it's created then you should disconnect it forever from internet to have facilities of cold wallet.

With the help of electrum you can do both of those but I prefer you to go with offline one as that's a little bit more safe for you. Here's a guide that you read in order to create an electrum offline wallet. The software based cold wallet would be more than enough to safely store your Bitcoin for long term.

I think i go with your recommendations on the use of electrum wallet because it has lots of advantages and we can also have many applicable use of this same wallet as a multisig bitcoin wallet and generate as many as possible bitcoin address, there's more to discover about the security ethics in using electrum wallet and other applicable measures we ca take along it use, i have some of them listed below.

Creating Electrum Cold Storage
Creating a cold storage wallet

How to create Electrum Multisig wallet
Creating a multisig wallet

2FA in using Electrum wallet.
Two Factor Authentication

How to verify your Electrum Wallet
[GUIDE] How to Safely Download and Verify Electrum