Not your keys - Not your bitcoin.
Keeping your Bitcoin on an exchange such as Coinbase base is not recommended they can be hacked, go bust or the government could just decide to take over. They hold the keys to your Bitcoin - not you.
Not your keys - not your Bitcoin.
Not your keys - not your Bitcoin.
Remove it to your storage device ASAP
With regular money there are varying levels of security that depend on your circumstances & amounts.
You may be happy keeping £200 pounds in your wallet but not £200,000.
You may be happy keeping £200 pounds in your wallet but not £200,000.
Wallet Apps
Bitcoin wallet apps are the most popular and convenient method to your Bitcoin, with effortless ease and simplicity you can transact with Bitcoin, Lightning or both. These are not recommended for large amounts as they can be hacked or withdrawn from the App Store at a moments notice.
Lightning Wallets
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Lightning wallets are much better for small instant payments and incredibly easy to setup. Wallets can be linked across devices eg Wallet of Satoshi can show the balance and be used across all your Apple products effortlessly. I think these will become the norm, people may never even get as far as having an "on chain" wallet.
Wallet of Satoshi, this is Lightning only (which may become the norm) ,it is probably the easiest to use but the trade off is you are trusting a third party custodian, fine for ready "cash" but not your life savings. |
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Multi function apps
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Many apps are really upping their game. They include various functions such as -
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Here's some of the best wallet apps. This is a rapidly evolving space, functionality is being added and improved all the time so please refer to their websites for the most up to date info.
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Desktop Wallets
Exodus an excellent easy to use multi currency desktop wallet where you can exchange between currencies -in app-. however alt coins are an attack on Bitcoin, so you have to question their intentions, & hence their trustworthiness.
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In browser wallets
In browser extension wallets are for directly interacting with websites. You may be on a news feed where it costs a few sats to view instead of the usual dreaded adverts & privacy sucking cookies. Examples include Alby which can be installed into Firefox.
Hardware wallets.
Hardware wallets are NOT connected directly to the internet & only connected briefly through specially designed hardware so are virtually impossible to hack online.
Coinkite Coldcard
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Ledger
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While this is probably one of the best hardware wallets- Due to PRIVACY CONCERNS I DO NOT RECOMMEND Ledger wallet UNLESS it's in conjunction with Wasabi or Sparrow wallet - (see vid) not the Ledger Live that comes with it. Due to concerns they were exporting XPUBs 🚩
Possibly KYC AML Legislation or the wallets support for shitcoins has forced these companies to log far more privacy details than is necessary for Bitcoin only. Recent concerns over Legers recover service found that the private keys are encrypted split into 3 parts and stored on 3 different servers. This has upset the Bitcoin community because Ledger have always said this is not possible, if someone else has your keys it is possible for them to send your coins. A huge 🚩. Ive found that as soon as companies start dealing in S#1T coins they tend to become more concerned about bottom line rather than separation of money and state. |
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"Physical" Bitcoin
Physical Bitcoin Revolutionary ? A bit like handing over cash, physical Bitcoin is now a thing but how do you know they haven't copied your private key before hand ?
Opendime
Opendime is a small USB stick that allows you to physically spend or give away Bitcoin like a dollar bill. Pass it along multiple times. Connect to any USB to check balance. Unseal anytime to spend online. Trust no one.
CoinDebit Transfer Bitcoin to a Debit Card with CoinDebit
Convert your Bitcoin into a virtual, prepaid card that can be used all over the internet within minutes ! 
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Offline Cash We’ve combined currency-grade printing with secure NFC chips to create the easiest to use cold storage product. Electronic cold storage meets secure printing. offline.cash
Tangem
Tangem a hardware wallet read by NFC. You never see your private key, instead its backed up on an additional card or 2.
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Advanced wallets
Multi sig Wallets
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For 10x security multi signature wallets offer the highest security. A 2 of 3 multi sig requires 2 of the 3 key holders to sign a transaction. which should protect against flakey partners or the wrench attack (some breaks in and threatens you).
Seed signing devices are now being used in combination with multi signature wallets. seedsigner.com Foundation Passport foundationdevices.com/ |
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Bitcoin in your head !
Keep your private key in your head with borderwallets and walk right through customs with Bitcoin literally in your head 🤯
Other resources
Here's a real good wallet guide from bitcoin.org
