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Author Topic: Which crypto wallet to use for 8,000$?  (Read 607 times)
Rikafip
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January 19, 2024, 05:16:42 PM
 #41

Electrum would be enough.  Cool
I don't know about you, but I definitely woulnd't feel comfortable leaving $8k on a software wallet, even if its something as reliable as Electrum. After all, you can get a reliable hardware wallet for less than $100 so there's really no real to use software wallets for hodl. I know I sleep much better knowing that even if my PC somehow gets hacked, my crypto is safe.

 
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Asuspawer09
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January 19, 2024, 05:24:18 PM
 #42

I could easily recommend Electrum since that is just what I've been using for a long time and so far I haven't really encountered any issues with it with the years of use so far. It has a lot of users, it is open source and easy to install on your desktop computer. I would totally recommend this compared for sure to other custodial wallets or just putting your 8k$ investment on an exchanger which is for sure not recommended since you dont have control over your money if you put it there.

You could easily download Electrum wallet here [GUIDE] How to Safely Download and Verify Electrum [Guide] . Just avoid putting this kind of money of exchanges and custodial wallets.

Or at some point you could easily invest on hardware wallets since it might be worth it investing for security, you could learn more about wallets here [General] Bitcoin Wallets - Which, what, why?

 
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January 19, 2024, 05:34:30 PM
 #43

Hello everyone, I'm new to cryptocurrency and I was able to earn 8,000$ in btc, and I keep all the money on binance, but I heard that binance blocks accounts. Please advise me of a reliable crypto wallet to store this money, who can recommend a really good wallet, I can transfer you 200$. Please write to my telegram @leaneek

Don't hold your coins in an exchange. You have multiple options.

1. Buy a hardware wallet
2. Download an open source wallet
3. Create a cold wallet

You can buy hardware wallets like Trezor, Safepal etc... or can download opensource wallets like Mycelium or Electrum.
You can also create a cold storage and keep it off the grid if your more tech savvy. There are already many guides on the internet available for it.

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January 19, 2024, 05:45:03 PM
 #44

Hello everyone, I'm new to cryptocurrency and I was able to earn 8,000$ in btc, and I keep all the money on binance, but I heard that binance blocks accounts. Please advise me of a reliable crypto wallet to store this money, who can recommend a really good wallet, I can transfer you 200$. Please write to my telegram @leaneek
Depending on a centralised exchange you can never be 100% sure. You can become a victim for any reason like hack or others issue. If your money is in your possession, it is safe. If you are a long term holder then you can choose a hardware wallet which is the most secure. And if you think you'll need to make regular payments, a software wallet wouldn't bad. Treasure and Electrum These wallets are good for holding Bitcoins.

There is no need for what you are offering. Because here you will get free suggestions by members. This forum can provide you 24-hours support for all kinds of cryptocurrency related discussions not only bitcoin holding but you must be regular in the forum.

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January 19, 2024, 06:22:16 PM
 #45

Get your money off of the exchange as soon as possible. The coins aren't yours until you are in control of the private keys.

Since you have $8000 worth of BTC, the best combination of security and convenience is achieved with a hardware wallet. Depending on how much you are willing to invest, you can get one starting at around $50 and going up to several hundred dollars. Check out Trezor, Foundation Passport, or ColdCard. You can even purchase an offline signer like the Seedsigner.

If you have an extra laptop/PC lying around and collecting dust, you can turn it into an airgapped computer by removing all connectivity hardware, reformatting the drive, and installing Electrum on it. That PC should never again go online. 

Alternatively, you can use a live OS like Tails that comes with Electrum installed on it. The less safe and non-recommended option (in my opinion) is using a software wallet like Electrum, Bitcoin Core, or a multi-coin wallet on a internet-connected computer.

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January 19, 2024, 06:38:36 PM
 #46

Electrum is worth and enough wallet for holding your bitcoin assets, but I don't get problem with Binance block or suspended user account without any reason yet. Have been trade and use Binance as place for holding my assets more than five years and not get much problem yet during account have been verified and not get abnormal activities with the Binance exchange account.

Personally not secure yet when saving your bitcoin assets in exchange, learned with how many exchange collapse and not refund the user money is main reason more securing hold bitcoin or altcoin assets in wallet.
For bitcoin electrum is most safety wallet and you have control by your self with saving carefully seed phrase or electrum, maybe long term holding bitcoin is not problem saving in electrum wallet but scalping trader hold in exchange more benefit than wallet.


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January 19, 2024, 06:48:07 PM
 #47

It sounds fishy to me That he offers $200 and says to contact him on his Telegram without ever showing up here again, at least for the time being. He may or may not be sincere, I'm just saying we have to be cautious with these things as scams of this type abound. In any case and as has been mentioned, a HW wallet is the best option.
To me this is definitely shady, just asking which hardware wallet is good and then will give $200 in return by contacting telegram, very suspicious.
Maybe the scenario is like this: Someone contacts the OP's telegram to claim the $200 reward, then he might argue to access a certain link (maybe it could be) because usually scammers always have a way, I'm not entirely accusing but this way is a bit suspicious.
Even he can search the internet about the best HW, many articles provide this, but I don't know what the OP is doing is just a possibility.

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January 19, 2024, 08:34:42 PM
 #48


To me this is definitely shady, just asking which hardware wallet is good and then will give $200 in return by contacting telegram, very suspicious.
Maybe the scenario is like this: Someone contacts the OP's telegram to claim the $200 reward, then he might argue to access a certain link (maybe it could be) because usually scammers always have a way, I'm not entirely accusing but this way is a bit suspicious.
Even he can search the internet about the best HW, many articles provide this, but I don't know what the OP is doing is just a possibility.
It’s very suspicious, OP hasn’t made any post ever since. I guess he expects members to pm him on telegram for the supposed $200 reward. I suspect anyone who pms the OP will either be told a story of how the exchange holding the coins is asking for a withdrawal fee and they need help because they do not any way of getting the money. Of course they will promise you a reward for your help, it could be 40% of the $8000, that’s enough money to get a greedy person’s attention.

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