Different kind of wallets for cryptos.

[josephrioveros123 698]

I am new on crypto world just became active here September this year. And I am confuse of the wallets.? What are the so called hardware wallet. Does it differ on the wallet on yobit? Or on the wallet on coins.ph? Or on the wallet on faucet hub? Please guys enlighten me because I am confuse. Because there are so many sites that offers virtual wallet what is their difference how can I select? What should I use? Now I am currently holding my bitcoins on coins.ph. Is it safe to hold my crypto currency assets there? 

[Lubruselu 2803]

On 12/11/2019 at 10:27 AM, josephrioveros123 said:

I am new on crypto world just became active here September this year. And I am confuse of the wallets.? What are the so called hardware wallet. Does it differ on the wallet on yobit? Or on the wallet on coins.ph? Or on the wallet on faucet hub? Please guys enlighten me because I am confuse. Because there are so many sites that offers virtual wallet what is their difference how can I select? What should I use? Now I am currently holding my bitcoins on coins.ph. Is it safe to hold my crypto currency assets there? 

Don't confused with those many wallets that's you see in the internet, so let me mention you the best wallets to use.

- blockchain.com

- coinomi mobile app

- coinbase.com

[Pearls Before Swine 815]

Op, hardware wallets are *much* different than software wallets, yobit's wallet, or web wallets.  Just do some research and take your time to learn about them.

 

Hardware wallets are generally the most secure, but you have to purchase one unlike other wallets that you can just download.  Basically you use the hardware device to sign transactions and they're very hard if not impossible to hack.  You can take a look on Amazon, because they sell a lot of them.  The Ledger nano s and x models, and trezor are the most popular, but there are other good ones.

 

Stay away from web wallets like blockchain.info.  If you need a good mobile wallet, try electrum or mycelium for bitcoin and coinomi if you're looking for a multicoin wallet.

[Crypto123 0]

There are many wallets, but the difference between them in terms of safety and ease of use, if you want a wallet and trading at the same time, you can use Yobit, but if you want to keep your cryptocurrencies for a long time, it is better to choose another wallet such as electrium or TrustWallet or nano x ledger of course there are many The wallets but the safest ones are the cold wallets like the Nano Ledger and then the electrium desktop wallet.

[Rajon Paul 39]

There are many different kinds of wallet. Which type of wallet are you want to use?  Are you want to use very Security wallet?

if you want that type of wallet  you can use coinomi wallet.

[suzuya 945]

Currently I am using a wallet which is available only in our country, we can really do a lot with this wallet like for example we can buy in-game currency and pay bills. Also, this wallet is not just for storing crypto. This wallet is accessible through pc and mobile phone. There are many types of wallet, but this wallet is the most accessible for me.

[Zentoly 419]

51 minutes ago, TomyBony said:

Well, in fact, if you trade on one exchange you don’t have to open a wallet, since you can safely store your funds on the exchange

Right to say when a traders want to trade their coins then they have no any needs to create an account on wallet because they are traders.

[Sedy 670]

There are many new,old and fraud wallets popping up every now and then. Some fees are like 40%-60% ,those wallets are stealing your money right outta your pocket. Nobody uses them anyway. They're not safe too. I guess in crypto world the old ones are the most trusted wallets .

[NordisLofer 77]

There are different types of wallets. Many wallets have their own privacy. If you want to have a wallet and trade at the same time, then you can use Yobit, but if you want to keep your cryptocurrency earnings for a long time, it is better to choose a different wallet.

[josephrioveros123 698]

On 12/13/2019 at 5:04 AM, Pearls Before Swine said:

Op, hardware wallets are *much* different than software wallets, yobit's wallet, or web wallets.  Just do some research and take your time to learn about them.

 

Hardware wallets are generally the most secure, but you have to purchase one unlike other wallets that you can just download.  Basically you use the hardware device to sign transactions and they're very hard if not impossible to hack.  You can take a look on Amazon, because they sell a lot of them.  The Ledger nano s and x models, and trezor are the most popular, but there are other good ones.

 

Stay away from web wallets like blockchain.info.  If you need a good mobile wallet, try electrum or mycelium for bitcoin and coinomi if you're looking for a multicoin wallet.

How expensive is that hardware wallet? Do you use it? Does it worth buying? Do you recommend it on the users in this group with below 1 BTC holdings.? I think I would not buy it if it is more expensive than my BTC holdings. Can it hold other coins. Or can it hold the upcoming coin named LIBRA. Because I am waiting for that currency to be launch and I will buy some of it. Because I believe that it could over take bitcoin when the time pass by.

[josephrioveros123 698]

On 12/20/2019 at 6:53 AM, TimCoinBit said:

Online wallets examples

Coinomi

Blockchain

Coinbase

Electrum

Mycelium

They can be web, desktop or mobile wallets.

 

Offline wallets 

Paper

Hardware wallets example of hardware wallets are Trezor Model T, Trezor one, Ledger Nano S and Leger Nano X.

 

Thank you for your reply. Now I know the difference of the wallets. I know that online wallet is secured. But there is still a risk. It is just like a bank that you deposit your money there but there is no assurance that it won't be bankrupt. If it is bankrupt. Your money there would also fall. And you will loose it. So it is better to have it on your hardware wallet. So that it will be safe and it won't be hacked. The only disadvantage of it is it can be loss. Specially by me. Because I am very forgetful. And sometimes I don't know where I put or forgot my things. 

[DrHaman 375]

You will find various kinds of wallets we now have a chilly pocketbook as well as warm pocketbook. Warm purses tend to be regular pocketbooks such as the trust wallet as well as coinomi as the warm pocketbook you are able to shop your own crypto traditional we now have journal nano purses as well as Trezor.

[mrking049 260]

You can  use trust wallet, coinbase and many other wallet u seen in playstore .  there are many wallet in cryptos like trust wallet, coinbase wallet etc. But I am using coinbase wallet, Cryptonator wallet and many other exchanges wallet. .   I feel safe in coinbase wallet. Which wallet you used it's depends on you .

[Sagor 500]

I think you have a confusion. hardware wallets is not like yobit wallet. as your holding some wallet so suggest you to block chain wallet or coinbase wallet.

[Suhannewaz 245]

Online Wallet. ...

Security level depends on the wallet. ...

Bitcoin: Bitcoin Core Wallet, Mycelium or Electrum.

Ethereum: Ethereum Wallet or MyEtherWallet (Paper Wallet).

Litecoin: Litecoin-QT.

Dash: Dash Core.

[Akbor 1042]

as you are new so I want to say you that hardware wallets is not same as exchange wallet or software wallets. I suggest you to use hardware wallets to store your asset with high security.

[Nahidnoor 24]

5 different types of crypto wallet there are ,

 

1.Hardware Wallets

2.Paper Wallets

3.Desktop Wallets

4.Mobile Wallets

5.Web Wallets

[Gg233 1061]

On 12/11/2019 at 3:27 PM, josephrioveros123 said:

I am new on crypto world just became active here September this year. And I am confuse of the wallets.? What are the so called hardware wallet. Does it differ on the wallet on yobit? Or on the wallet on coins.ph? Or on the wallet on faucet hub? Please guys enlighten me because I am confuse. Because there are so many sites that offers virtual wallet what is their difference how can I select? What should I use? Now I am currently holding my bitcoins on coins.ph. Is it safe to hold my crypto currency assets there? 

I a.m also confined about that and All my earning is directly cash out because i do not have Trust to wallet it might take my earning away so better to cash out.

[Brushless4500KV 4214]

On 12/11/2019 at 10:57 AM, josephrioveros123 said:

I am new on crypto world just became active here September this year. And I am confuse of the wallets.? What are the so called hardware wallet. Does it differ on the wallet on yobit? Or on the wallet on coins.ph? Or on the wallet on faucet hub? Please guys enlighten me because I am confuse. Because there are so many sites that offers virtual wallet what is their difference how can I select? What should I use? Now I am currently holding my bitcoins on coins.ph. Is it safe to hold my crypto currency assets there? 

It is a matter of how much crypto you want to store and what kind of trade you want to do with them. If you only have a little amount of cryptocurrency, you can store it in safe online wallets like Blockchain but if you have a large amount and have fear of being hacked, you should buy cold wallets like Ledger. For fast trades (like day trading), online wallets are better because they provide faster access to your coins but for long term holding, hardware wallets are the best option because you can store your crypto offline. By the way, Faucethub is only a micro wallet and no one store cryptocurrency in a micro wallet. Micro wallet is only used for receiving small amounts of crypto from faucets.

Edited January 14, 2020 by Brushless4500KV

[Amir Vao 341]

On 12/11/2019 at 1:27 PM, josephrioveros123 said:

I am new on crypto world just became active here September this year. And I am confuse of the wallets.? What are the so called hardware wallet. Does it differ on the wallet on yobit? Or on the wallet on coins.ph? Or on the wallet on faucet hub? Please guys enlighten me because I am confuse. Because there are so many sites that offers virtual wallet what is their difference how can I select? What should I use? Now I am currently holding my bitcoins on coins.ph. Is it safe to hold my crypto currency assets there? 

Hardware wallet is most secure wallet where you can store your crypto assets. You can also store your assets to yobit wallet. But there is only security and interface different. Otherwise it's same.

[McCree 713]

If you have a mobile phone and use dApps alot then you might find the Trust Wallet useful. It's an app for Android and iOS with its own dapps browser.

[Sohel Rana Sazzad 453]

There are usually some wallets in Crypto, such as the Coinbase Wallet Blockchain Wallet Trust Wallet, all of which are more secure and trustworthy wallets.You can use these wallets individually.

[Amir Vao 341]

On 12/11/2019 at 1:27 PM, josephrioveros123 said:

I am new on crypto world just became active here September this year. And I am confuse of the wallets.? What are the so called hardware wallet. Does it differ on the wallet on yobit? Or on the wallet on coins.ph? Or on the wallet on faucet hub? Please guys enlighten me because I am confuse. Because there are so many sites that offers virtual wallet what is their difference how can I select? What should I use? Now I am currently holding my bitcoins on coins.ph. Is it safe to hold my crypto currency assets there? 

Yobit is an exchange. Here you can store and convert your coins to others. In the hardware wallet you can store your coins only. But this wallet is more secure from others.

[sazzad925379 128]

Usually in the online world, there are several wallets for crypto. Many of these are Coinbase Wallet, Blockchain Wallet, Trust Wallet etc. Most of these securities are completed and trusted.

[scorpiali 5626]

8 hours ago, Rifat123 said:

There are many wallets online for crypto, I think the best wallet is Coinbase. For example Coinbase, Blockchain, etc. are both safe and secure. You can earn money by keeping your secured coins in them.

Yes coinbase and blockchain wallet is the best and as you said we can earn money just by holding coins on it so it's the best way to earn and store your coins abd it's really safe and secure