Post
Topic
Board Beginners & Help
Re: Beware some features we should keep in mind when choosing a crypto wallet
by
BlackBoss_
on 13/01/2025, 03:32:53 UTC
Firstly, we should explore some wallets to check their interface so that we can choose a more user-friendly interface. In this case, research the wallet reviews and community feedback to judge its reputation
Main things to consider are

Non-custodial (self-custodial).
Open-source.
Coin control feature.
Change address.

The first two technical specifications are most important, because with non-custodial wallets, you will have access to private keys or mnemonic seeds, and with them, you can control your bitcoins. With custodial wallets, you don't have access to either mnemonic seed or private keys, and you can not control your coins.

With open-source, the wallet software is reproducible by its source code. With close-source wallet, you can not reproduce it from wallet software code because you don't have the code for testing.

Coin control and change address can help you to use UTXOs in your wallet better, for anonymity and privacy.

Not your keys, not your coins.
Check wallet reviews
https://walletscrutiny.com/