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#51 2023-12-25 22:26:50

KAMSI_UG
Member
Registered: 2022-12-26
Posts: 1,894

Re: Community list of best wallets

Well who else here uses electrum wallet? This has been my best option in terms of saving some Bitcoin. But regardless make sure you do your own research before you use this wallet

Last edited by KAMSI_UG (2023-12-25 22:27:19)

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#52 2023-12-28 20:52:48

Detroit
Member
Registered: 2022-12-27
Posts: 1,402

Re: Community list of best wallets

It's great to hear that Electrum has been your preferred choice for saving Bitcoin. Sharing personal experiences within the community can be beneficial. Your emphasis on doing one's own research before using any wallet is crucial advice. Each user's needs and preferences vary, so thorough research ensures individuals make informed decisions based on their specific requirements and the security features offered by the wallet.

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#53 2024-01-07 22:22:24

Comrade
Member
From: Utopia App Client
Registered: 2022-12-30
Posts: 1,558

Re: Community list of best wallets

Wallet safety is essential, as cryptocurrencies are high-value targets for hackers. Some safeguards include encrypting the wallet with a strong password, using two-factor authentication for exchanges.

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#54 2024-01-07 22:23:43

gap
Member
Registered: 2023-06-14
Posts: 1,105

Re: Community list of best wallets

Comrade;29274 wrote:

Wallet safety is essential, as cryptocurrencies are high-value targets for hackers. Some safeguards include encrypting the wallet with a strong password, using two-factor authentication for exchanges.

There have been many cases of malware disguised as wallets, so it is advisable to research carefully before deciding which one to use.

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#55 2024-01-07 22:24:48

crpuusd
Member
From: Blockchain
Registered: 2022-12-13
Posts: 1,585

Re: Community list of best wallets

gap;29276 wrote:
Comrade;29274 wrote:

Wallet safety is essential, as cryptocurrencies are high-value targets for hackers. Some safeguards include encrypting the wallet with a strong password, using two-factor authentication for exchanges.

There have been many cases of malware disguised as wallets, so it is advisable to research carefully before deciding which one to use.

Most modern wallets generate a twelve-word mnemonic seed phrase. An example phrase could be "airport bedroom impression sample reception protection road shirt.

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#56 2024-01-07 22:27:02

Europ
Member
Registered: 2023-05-23
Posts: 1,372

Re: Community list of best wallets

crpuusd;29278 wrote:
gap;29276 wrote:
Comrade;29274 wrote:

Wallet safety is essential, as cryptocurrencies are high-value targets for hackers. Some safeguards include encrypting the wallet with a strong password, using two-factor authentication for exchanges.

There have been many cases of malware disguised as wallets, so it is advisable to research carefully before deciding which one to use.

Most modern wallets generate a twelve-word mnemonic seed phrase. An example phrase could be "airport bedroom impression sample reception protection road shirt.

You can use the phrase to restore the wallet if the device is lost or damaged. These words should be carefully stored in a safe place because anyone who finds them will be able to access your cryptocurrency.

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#57 2024-01-07 22:29:54

Comrade
Member
From: Utopia App Client
Registered: 2022-12-30
Posts: 1,558

Re: Community list of best wallets

Europ;29280 wrote:
crpuusd;29278 wrote:
gap;29276 wrote:

There have been many cases of malware disguised as wallets, so it is advisable to research carefully before deciding which one to use.

Most modern wallets generate a twelve-word mnemonic seed phrase. An example phrase could be "airport bedroom impression sample reception protection road shirt.

You can use the phrase to restore the wallet if the device is lost or damaged. These words should be carefully stored in a safe place because anyone who finds them will be able to access your cryptocurrency.

The best cryptocurrency key security measures involve removing your keys from your wallet, placing them in a form of cold storage, and securing them in a vault, safe, or deposit box.

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#58 2024-01-07 23:07:14

crpuusd
Member
From: Blockchain
Registered: 2022-12-13
Posts: 1,585

Re: Community list of best wallets

I can mention the Ledger Nano S Plus, the Ledger Nano X, and the Ledger Stax. These hardware wallets work with the Ledger Live app, which the owner uses to access the keys and purchase and manage your crypto.

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#59 2024-01-07 23:55:58

thrive
Member
Registered: 2023-01-04
Posts: 1,974

Re: Community list of best wallets

Detroit;28504 wrote:

It's great to hear that Electrum has been your preferred choice for saving Bitcoin. Sharing personal experiences within the community can be beneficial. Your emphasis on doing one's own research before using any wallet is crucial advice. Each user's needs and preferences vary, so thorough research ensures individuals make informed decisions based on their specific requirements and the security features offered by the wallet.

Electrum is often considered one of the most preferred choices for saving Bitcoin due to the some reasons like security.

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#60 2024-01-07 23:56:20

Vastextension
Member
Registered: 2022-11-19
Posts: 1,909

Re: Community list of best wallets

thrive;29330 wrote:
Detroit;28504 wrote:

It's great to hear that Electrum has been your preferred choice for saving Bitcoin. Sharing personal experiences within the community can be beneficial. Your emphasis on doing one's own research before using any wallet is crucial advice. Each user's needs and preferences vary, so thorough research ensures individuals make informed decisions based on their specific requirements and the security features offered by the wallet.

Electrum is often considered one of the most preferred choices for saving Bitcoin due to the some reasons like security.

Electrum is known for its strong security features, making it a reliable choice for storing Bitcoin.

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#61 2024-01-07 23:56:50

IyaJJJ
Member
Registered: 2023-01-25
Posts: 1,532

Re: Community list of best wallets

Vastextension;29331 wrote:
thrive;29330 wrote:
Detroit;28504 wrote:

It's great to hear that Electrum has been your preferred choice for saving Bitcoin. Sharing personal experiences within the community can be beneficial. Your emphasis on doing one's own research before using any wallet is crucial advice. Each user's needs and preferences vary, so thorough research ensures individuals make informed decisions based on their specific requirements and the security features offered by the wallet.

Electrum is often considered one of the most preferred choices for saving Bitcoin due to the some reasons like security.

Electrum is known for its strong security features, making it a reliable choice for storing Bitcoin.

It uses a deterministic wallet structure, which means it generates Bitcoin addresses derived from a single seed.

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#62 2024-01-07 23:57:05

joanna
Member
Registered: 2023-01-10
Posts: 2,273

Re: Community list of best wallets

IyaJJJ;29332 wrote:
Vastextension;29331 wrote:
thrive;29330 wrote:

Electrum is often considered one of the most preferred choices for saving Bitcoin due to the some reasons like security.

Electrum is known for its strong security features, making it a reliable choice for storing Bitcoin.

It uses a deterministic wallet structure, which means it generates Bitcoin addresses derived from a single seed.

This makes it easier to back up and secure your wallet, protecting it from unauthorized access and potential loss.

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#63 2024-01-07 23:57:20

thrive
Member
Registered: 2023-01-04
Posts: 1,974

Re: Community list of best wallets

joanna;29333 wrote:
IyaJJJ;29332 wrote:
Vastextension;29331 wrote:

Electrum is known for its strong security features, making it a reliable choice for storing Bitcoin.

It uses a deterministic wallet structure, which means it generates Bitcoin addresses derived from a single seed.

This makes it easier to back up and secure your wallet, protecting it from unauthorized access and potential loss.

Electrum gives users full control over their Bitcoin funds. Unlike many other wallets, Electrum allows users to manage their private keys directly, giving them complete ownership and control of their cryptocurrencies.

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#64 2024-01-07 23:57:36

Vastextension
Member
Registered: 2022-11-19
Posts: 1,909

Re: Community list of best wallets

thrive;29334 wrote:
joanna;29333 wrote:
IyaJJJ;29332 wrote:

It uses a deterministic wallet structure, which means it generates Bitcoin addresses derived from a single seed.

This makes it easier to back up and secure your wallet, protecting it from unauthorized access and potential loss.

Electrum gives users full control over their Bitcoin funds. Unlike many other wallets, Electrum allows users to manage their private keys directly, giving them complete ownership and control of their cryptocurrencies.

This decentralization of control appeals to those who prioritize self-custody of their assets.

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#65 2024-01-09 23:38:41

joanna
Member
Registered: 2023-01-10
Posts: 2,273

Re: Community list of best wallets

Vastextension;29335 wrote:
thrive;29334 wrote:
joanna;29333 wrote:

This makes it easier to back up and secure your wallet, protecting it from unauthorized access and potential loss.

Electrum gives users full control over their Bitcoin funds. Unlike many other wallets, Electrum allows users to manage their private keys directly, giving them complete ownership and control of their cryptocurrencies.

This decentralization of control appeals to those who prioritize self-custody of their assets.

Electrum is a lightweight Bitcoin wallet that does not require downloading the entire blockchain.

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#66 2024-01-09 23:39:16

oba
Member
Registered: 2023-01-13
Posts: 1,858

Re: Community list of best wallets

joanna;29391 wrote:
Vastextension;29335 wrote:
thrive;29334 wrote:

Electrum gives users full control over their Bitcoin funds. Unlike many other wallets, Electrum allows users to manage their private keys directly, giving them complete ownership and control of their cryptocurrencies.

This decentralization of control appeals to those who prioritize self-custody of their assets.

Electrum is a lightweight Bitcoin wallet that does not require downloading the entire blockchain.

It uses a technology called Simple Payment Verification (SPV) to verify transactions quickly.

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#67 2024-01-09 23:39:36

thrive
Member
Registered: 2023-01-04
Posts: 1,974

Re: Community list of best wallets

oba;29392 wrote:
joanna;29391 wrote:
Vastextension;29335 wrote:

This decentralization of control appeals to those who prioritize self-custody of their assets.

Electrum is a lightweight Bitcoin wallet that does not require downloading the entire blockchain.

It uses a technology called Simple Payment Verification (SPV) to verify transactions quickly.

SPV allows users to connect to remote servers, reducing the time and resources needed for synchronization.

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#68 2024-01-09 23:39:55

Vastextension
Member
Registered: 2022-11-19
Posts: 1,909

Re: Community list of best wallets

thrive;29393 wrote:
oba;29392 wrote:
joanna;29391 wrote:

Electrum is a lightweight Bitcoin wallet that does not require downloading the entire blockchain.

It uses a technology called Simple Payment Verification (SPV) to verify transactions quickly.

SPV allows users to connect to remote servers, reducing the time and resources needed for synchronization.

Electrum is compatible with multiple operating systems, such as Windows, macOS, Linux, and Android.

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#69 2024-01-09 23:40:16

level
Member
Registered: 2023-01-19
Posts: 1,263

Re: Community list of best wallets

Vastextension;29394 wrote:
thrive;29393 wrote:
oba;29392 wrote:

It uses a technology called Simple Payment Verification (SPV) to verify transactions quickly.

SPV allows users to connect to remote servers, reducing the time and resources needed for synchronization.

Electrum is compatible with multiple operating systems, such as Windows, macOS, Linux, and Android.

This broad compatibility ensures accessibility for users across different devices and platforms.

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#70 2024-01-09 23:41:35

IyaJJJ
Member
Registered: 2023-01-25
Posts: 1,532

Re: Community list of best wallets

level;29395 wrote:
Vastextension;29394 wrote:
thrive;29393 wrote:

SPV allows users to connect to remote servers, reducing the time and resources needed for synchronization.

Electrum is compatible with multiple operating systems, such as Windows, macOS, Linux, and Android.

This broad compatibility ensures accessibility for users across different devices and platforms.

Electrum supports multisignature (multisig) wallets, which require multiple signatures to authorize transactions.

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#71 2024-01-09 23:41:50

joanna
Member
Registered: 2023-01-10
Posts: 2,273

Re: Community list of best wallets

IyaJJJ;29396 wrote:
level;29395 wrote:
Vastextension;29394 wrote:

Electrum is compatible with multiple operating systems, such as Windows, macOS, Linux, and Android.

This broad compatibility ensures accessibility for users across different devices and platforms.

Electrum supports multisignature (multisig) wallets, which require multiple signatures to authorize transactions.

This feature adds an extra layer of security and can be useful for businesses or individuals managing shared funds.

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#72 2024-01-09 23:42:06

oba
Member
Registered: 2023-01-13
Posts: 1,858

Re: Community list of best wallets

joanna;29397 wrote:
IyaJJJ;29396 wrote:
level;29395 wrote:

This broad compatibility ensures accessibility for users across different devices and platforms.

Electrum supports multisignature (multisig) wallets, which require multiple signatures to authorize transactions.

This feature adds an extra layer of security and can be useful for businesses or individuals managing shared funds.

Electrum offers advanced features such as Cold Storage, where private keys are kept on an offline device for added security, and integration with hardware wallets for enhanced protection against malware or hacking attempts.

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#73 2024-01-09 23:42:21

thrive
Member
Registered: 2023-01-04
Posts: 1,974

Re: Community list of best wallets

oba;29398 wrote:
joanna;29397 wrote:
IyaJJJ;29396 wrote:

Electrum supports multisignature (multisig) wallets, which require multiple signatures to authorize transactions.

This feature adds an extra layer of security and can be useful for businesses or individuals managing shared funds.

Electrum offers advanced features such as Cold Storage, where private keys are kept on an offline device for added security, and integration with hardware wallets for enhanced protection against malware or hacking attempts.

Electrum has an active community of developers and users who contribute to the ongoing development and improvement of the wallet.

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#74 2024-01-09 23:42:39

Vastextension
Member
Registered: 2022-11-19
Posts: 1,909

Re: Community list of best wallets

thrive;29399 wrote:
oba;29398 wrote:
joanna;29397 wrote:

This feature adds an extra layer of security and can be useful for businesses or individuals managing shared funds.

Electrum offers advanced features such as Cold Storage, where private keys are kept on an offline device for added security, and integration with hardware wallets for enhanced protection against malware or hacking attempts.

Electrum has an active community of developers and users who contribute to the ongoing development and improvement of the wallet.

This active development ensures that security patches, bug fixes, and new features are regularly implemented.

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#75 2024-01-09 23:42:54

level
Member
Registered: 2023-01-19
Posts: 1,263

Re: Community list of best wallets

Vastextension;29400 wrote:
thrive;29399 wrote:
oba;29398 wrote:

Electrum offers advanced features such as Cold Storage, where private keys are kept on an offline device for added security, and integration with hardware wallets for enhanced protection against malware or hacking attempts.

Electrum has an active community of developers and users who contribute to the ongoing development and improvement of the wallet.

This active development ensures that security patches, bug fixes, and new features are regularly implemented.

While Electrum offers many advantages, it's important to note that personal preferences and requirements may vary.

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