Things to consider before choosing a wallet

[Akbor 1042]

15 hours ago, Liz said:

Before anyone select a wallet I will suggested they check how accurate and protected is it from scams and how long have it been operating 

I also think that before selecting any new wallet all need to know about the security of that wallet and also all need to know about the user interface too.

[MuhammadSh 3067]

thank you for sharing these useful information with us! i think that all of what you have listed are correct and we should decide and choose a good wallet after this topic.

[AmjadBydn 0]

Thank you for sharing this post with us ! as a new members here we have to read this information before we make anything ! And yes for sure you can receive your money on your wallet

[dewita 12]

The first thing you should do is rank the wallet app and see the positive response and the negative wallet app response
 

[jacker 1095]

To me, the most important thing that I consider when choosing a wallet is safety, safety is the first thing and I appreciate it the most. A good wallet for me is the safest wallet

[Gunhoo 91]

For me the things that I considered the most when choosing wallet would be the security. How good and how secured they are if we use them. I want to have full access of my wallet and could make a very strong password in it. The cost is also a problem, because the highest security in a wallet is in hardware wallet, which is quite expensive,

[aymandr 206]

Before choosing a wallet
You should pay attention to the safety of your money, so choosing a very secure wallet is very important in order not to be defrauded.

[Jami95 38]

The first and foremost think to consider before choosing a crypto wallet is its security. One must require a secure wallet to keep his crypto coins out of hackers reach

[Lunaa 238]

For a lot of people security is what matters the most, it's true though because a wallet with a good security will give you a piece of mind because your assets are in good hand. The type is also important. A lot of newbies just using any wallet, they need to see which wallet is the most popular, then they should make a good evaluation on the wallet.

[dewita 12]

thank you for explaining really useful information I think everything there is correct but I have to choose a good wallet
 

[dewita 12]

look for wallets that are safe and reliable such as myetherwallet and metamask that are very popular among crypto currencies
 

[Apple 202]

If you intend to stay long in this industry you better buy Trezor or other hardware wallets. Only this type of wallet offers convenience and a high level of security.

[Shah G2 11]

I do not have only one wallets

I have electrum desktop wallet because it is the best desktop wallet. It is user friendly.

 I store most of my crypto on hardware wallet. I use Ledger Nano S because it is not that expensive like its Nano X and Trazor Model T. 

Recently, I am using DropBit on my IPhone, it support lightning network. But store only bitcoin.

I also have coinbase. But I do not consider coinbase as a wallet.

Do you want me to recommend you a wallet?

[Sasaki 171]

Good to see this post, well choosing a wallet is a hard also so considering many things before you can use wallet is good because some wallets are scam and you might just lose your crypto because of that. 

[Usman Abdulmumin 354]

On 12/21/2019 at 3:39 PM, Digicoin said:

The type of wallet you want

This factor comes down to personal preference. For example, if security is your number one priority, then, hardware wallets should be in your mind. But if you want a convenient access your coins, a mobile or web wallet may be your preferred choice.

Ease of use

Sending, receiving and storing cryptocurrency can be complicated and confusing, particularly for beginners. Your wallet should suit your tech knowledge and crypto experience. While crypto novices might focus on finding a wallet that’s simple to set up and use, experienced holders might look for advanced features, like an in-wallet exchange and multisignature transactions.

 

Security features

Find out what security features the wallet includes, such as two-factor authentication and multisig functionality. Will your private key be stored online or offline? Has the wallet ever suffered security breaches?
Other features. Does your wallet include the ability to exchange among currencies in your wallet or provide easy access to live fiat exchange rates or other market information.

 

Reputation

What level of community trust does the wallet have? Check out independent online reviews to gauge how other users rate the wallet and whether they’d recommend it.

Supported cryptocurrencies.

Are you looking for a wallet that stores just one crypto, like bitcoin, or are you in the market for a multicurrency wallet? Make sure the wallet you choose is compatible with the cryptocurrencies you need to store, and remember that some coins and tokens can only be held in an official wallet.

The team behind the wallet

See what you can find about how long the company’s been in business. What qualifications do they have? Are they continually working to upgrade and improve the wallet?

Costs

While most crypto wallets are free, choosing a hardware wallet means parting with some cash. Consider the price and shipping costs when making your decision. Some wallets also charge a fee for every transaction you make.

With this 7 feature you mentioned to be considered when choosing a wallet, is a good one for us, it will help many people to keep their coins safe that a good suggestion sir. 

[Whydoyoucare 1094]

This is true, for me what i really like into a wallet is their security features because this is what matter to me the most in wallet. Right now i am using online and hardware wallets.

[Cadberry 5]

Online crypto wallets are free but choosing a hardware wallet makes your cryptocurrencies safest. Consider the price and shipping costs  .

[Banito23 216]

Nice one dear, but I think the most important one to consider is the security of your funds. Some mobile and online wallets still create good measures for this by issuing a private keys or secret phrases. This are important, because you don't show them to anyone accept you.

[Hendy1 370]

My main wallet is offline or a hardware wallet but I also use the myetherwallet and Trust wallet to store erc20 tokens. Types of wallets have different functions and security. so I will match the crypto with a crypto wallet.

[scorpiali 5626]

On 2/8/2020 at 7:45 PM, 3cage said:

I additional like wallets which are easy. client wallet is very easy. Cryptonator is lovely wallet too. These wallets are not as much as necessary secure. But I put in a good word for them. My crypto on my wallet was not stolen yet.
 

The security is the most important thing that every wallet must have , that's why we should choose the best trusted and secure wallet for that

[scorpiali 5626]

8 minutes ago, toggeosub said:

Are you trying to find a wallet that stores just one crypto, like bitcoin, or are you within the advertise for a multicurrency wallet? Make beyond any doubt the wallet you select is congruous with the cryptocurrencies you wish to store, and keep in mind that a few coins and tokens can as it were be held in an official wallet.

There is a many good wallet for multi coins like Coinmi and Trust wallet it's support the majority of coins and different blockchain than you can find 

[MuhammadSh 3067]

These things are really important before choose which wallet to use.. and you are right everyone should choose his best wallet and this depends on which coins he is trading or holding..

[Zisan95 71]

use Coinbase.This is a great wallet. It is one of the popular cryptocurrency wallet. It is used by all over the world. It is faster, trusted and secured. I just love it. I have been using is for a long time and I am fully surprised with it service and facilities.

[Razan alikac 1899]

Great content, my friend, and included the best main points of interest for the wallet, so choosing a good wallet is one of the steps for success, money conservation and development

[Migo 7946]

These are the most important tips that we should keep them in our minds and remember them before choosing any wallet, especially two things wich are the support team and the security level, these are the important, and fees too, thanks for reminding us with these advices, good topic here