Crypto is filled with sponsored posts and affiliate content, making it hard to know what’s real. I’m new to crypto and want the most reliable wallet. What do others use
There is no single best crypto wallet. The right one for you depends on your knowledge and experience.
Trezor is a great choice for newcomers as it’s easy to use and open source.
ColdCard is better for experienced users, but it’s not beginner friendly.
Blockstream Jade offers a balance between ease of use and affordability, and can be used airgapped.
SeedSigner is great for airgapped setups and is open source, but it’s a bit more DIY.
I wouldn’t recommend Ledger. They use closed source code with security issues that make it untrustworthy. Seriously, don’t buy a Ledger.
@Kelsey
Thanks for the info! I saw Ledger mentioned in my research and the reviews were mixed! A crypto wallet that’s not open source sounds like a bad sign
Larkin said:
@Kelsey
Thanks for the info! I saw Ledger mentioned in my research and the reviews were mixed! A crypto wallet that’s not open source sounds like a bad sign
@Kelsey
Is Trezor trustworthy
Lennie said:
@Kelsey
Is Trezor trustworthy
Absolutely. And as you can see from my comment, I don’t hold back when it comes to companies or products that are bad. Ledger lies to users and sells products that are not safe. Trezor is the opposite. They are a great company with open source code.
Open source means anyone can view the code and verify it.
Be sure to only buy a Trezor directly from them to make sure it’s not tampered with.
I always suggest Trezor for a first hardware wallet because it’s safe, open source, and easier to use compared to other options (ColdCard and Jade are also good, but Trezor is simpler).
I’m a huge supporter of Bitcoin. I encourage people to buy and hold long term because that’s how you build wealth. Trezor is a solid choice for that.
@Kelsey
Cool! What wallet app would you recommend, if any
Lennie said:
@Kelsey
Cool! What wallet app would you recommend, if any
BlueWallet.
Sparrow.
Electrum.
Nunchuk.
They are all free and open source.
I recommend BlueWallet for mobile and Sparrow for desktop.
BlueWallet has a user-friendly interface for mobile and is great for using Bitcoin on the go. It’s simple in a good way.
Sparrow has many features but remains easy to use.
Electrum is good too, but it can be clunky if you are using an airgapped device with QR codes. Without the QR setup, Electrum works well.
Nunchuk is good for mobile and multisig, but the setup can be tricky.
By the way, if you decide to run your own node, all these apps can be connected to it.
Larkin said:
@Kelsey
Thanks for the info! I saw Ledger mentioned in my research and the reviews were mixed! A crypto wallet that’s not open source sounds like a bad sign
Open source can also give hackers a chance to find weaknesses. So saying open source is a red flag is not a simple yes or no answer
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@Kelsey
I agree about Ledger. Don’t buy it. I had my BTC and ETH secured there but got hacked. No one had my passphrase or other info, but I lost everything. Ledger claimed it’s not their fault.
Here’s a list of Bitcoin wallets
Make sure it’s non-custodial and open source
https://www.reddit.com/r/BitcoinBeginners/comments/g42ijd/faq_for_beginners/
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Coldcard and Sparrow is the best. I don’t care what others say; it’s clearly the best.
I use MUUN as my hot wallet and Trezor for my cold wallet, forget about Ledger.
It’s important to mention the worst features of wallets too, so beginners can learn about real dangers.
Some wallets don’t let you change the transaction fee after you initiate a transaction. This can prevent your transaction from completing if you set a fee that’s too low.
In that case, you could lose your Bitcoin.
@Elliot
Wow, I always thought transaction fees were just one time. How do transaction fees work in crypto?
Whichever brand you choose, make sure to get a cold storage hardware wallet.
For small and quick operations use Electrum.
For a medium amount, go with Bitcoin Core.
For larger amounts, Ledger Nano X is suitable.
bitaddress.org is a good paper wallet for those really into security.
@Akira
Be careful with bitaddress; it has a backdoor.