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I use https://edge.app/ as you can buy LTC (etc.) with card on the app and directly exchange it for XMR.
It’s not bad, but all of these wallets can accomplish the same thing.
If you’re storing a few thousand opt for a physical wallet:
https://shop.ledger.com/products/ledger-nano-x/onyx-black
Blockchain or Binance
Wallets and coinbase are not the same thing. Coinbase is an exchange, you shouldn't store funds on exchanges like binance, kraken, bybit or coinbase long term.
You should have a local wallet like edge or coinomi.
https://electrum.org/ Open Source, Non-Custodial, Works with hardware wallets, Feature packed.
Do not use proprietary and custodial bullshit people recommend above.
Not your keys = not your crypto.
Hey @treesmokah — perhaps read the link first before commenting:
“Private By Default
Edge has a zero-knowledge security architecture meaning we don’t need, nor do we want, any of your private information. Respecting your privacy is a core value in everything we engineer.
Your assets. Your keys.
Client-side encryption means all of your data is encrypted on your device before any of your information touches our web servers. No server-side hacks and no malware = safe assets. Only you and you alone have access to control your cryptocurrency assets — the way it should be.”
How do you want to verify these claims without source code of the app? Do you just trust blindly what random company says and hope for the best?
Who is @treesmokah?
https://github.com/EdgeApp
Nice catch. Still, heavy, JS based application with no privacy protections whatsoever.
Also no desktop clients, storing any money on a mobile is just fucking dumb.
I'd have to read the code to argue against privacy protections but I certainly don't have anything against JS applications.
What's wrong with storing "money" on mobile?
Your opinion, you are of course allowed to have one.
I avoid usage of Electron applications for anything critical. Its bloated, its insecure.
Single point of failure, always with you, can be easily stolen or intercepted by feds(depends on where you live).
Yeah I agree regarding electron. This isn't quite electron though. Nothing inherently insecure about either though. Potentially easier to reverse engineer but it's open source anyway
I use mostly:
Wallet > https://trustwallet.com
Exchange > https://kucoin.com
For advanced usage there is Sparrow wallet.
Well, I'm certainly happy you are choosing to use ANY kind of self-custodied wallet as an alternative to Coinbase. No one should EVER be keeping their bitcoin on a centralized exchange, that's just pure insanity in my opinion. Better late than never though, so I am not going to rag on you and instead will give you my honest advice:
If you're looking for a mobile wallet, I would highly recommend the fantastic UNSTOPPABLE WALLET. It's available for iOS and Android - it's open source, extensively audited, has an impeccable security record and an abundance of features. It's what I personally use for a mobile wallet myself.
The only feature that it's missing in terms of Bitcoin is a lack of Lightning Network support, however this is not without pretty valid reasons, as unfortunately right now even with the recent improvements made over the last year or two, self-custodied Lightning wallets are a huge headache and a bitch to setup/maintain. You have to worry about payment channels and nodes and all kinds of bullshit...obviously I would say that the average user here is certainly technically adept enough to figure it out, if they want to roll their own, they can do so -- lots of good guides over on Stacker.news (check for threads by the user "Darthcoin" who has written on this extensively) if you are so interested.
Personally though if I am using Lightning, I use the Alby wallet extension (for Brave/Firefox/Chrome/Chromium browsers). You have to run your own lightning node if you want to have a non-custodial lightning wallet and like I said, major pain in the ass -- nearly EVERYONE, even all my other hardcore bitcoin maximalist friends, use custodial lightning wallets, they just don't keep a lot of money in them. It's super quick and cheap to do swaps from mainnet Bitcoin to Lightning via boltz.exchange anyway, fees are next to nothing. For a mobile lightning wallet, most people tend to like Wallet of Satoshi.
For desktop, I have to echo the earlier advice to stay away from any of the bullshit and go with the tried and true ELECTRUM -- there's a slight learning curve but it's all-around probably the best wallet available for Bitcoin on desktop. I'm also a fan of Wasabi Wallet on desktop, it has built-in mixing/coinjoin features that are super nice to have if you're into that sort of thing.
Oh, and one last thing (I promise, I've been rambling for long enough) --
GET YOURSELF A HARDWARE WALLET. If you have more than $100 in Bitcoin, you should REALLY be using one. I personally would stay away from the aforementioned Ledger, for numerous reasons -- not least of which being their past issues with data leaks and more importantly, their recent PR nightmare last year wherein they retroactively made changes to their security model in ways that would take too long to go into here, just trust me when I say it was shady and not good.
I'm old school when it comes to this shit, I stick with what works and I know is secure, and for that, I would look no further than products made by the very fine folks at CoinKite -- particularly their coldcard/coldwallet. They make a lot of awesome stuff though, I've used their products for coming up on a decade now, rock solid, couldn't recommend more strongly.
I have been using Exodus for years. It is super bloated and not open source, but I can't be bothered to move away from it.
the case is that I have been using Coinase for the last 5 or more years. I mostly used them for receiving and sending btc. Maybe once or twice I used it to buy BTC and nothing more. I even bought and received Litecoin once. Yesterday I was going to send BTC to a friend and I found this message
> Unfortunately we have to close your Coinbase account. Before your account can be closed, you’ll need to withdraw your crypto funds to an external wallet and your cash funds to a bank account associated with your Coinbase account. If you are currently enrolled in USD Coin rewards, you may want to wait up to 40 days before withdrawing funds to ensure you have received all eligible reward payouts. You will not be able to access these funds after account closure. Please take precautions when transferring cryptocurrency to an external wallet as transfers outside of Coinbase are irreversible. Please also be sure to delete any external references to cryptocurrency addresses generated by Coinbase, as funds sent to those addresses will not be accessible once the account is closed.
And that I need a reliable btc wallet for the long term
**
I contacted them via Facebook Messenger and asked why my account was closed after so many years, and this was their answer:**
I think it's really unfortunate what they do to their users or "reject" users who don't buy btc often. I do not know
What do you mean? Please elaborate w/o prejudice 'cause I don't understand.
Cake Wallet is nice for mobile
Samourai Wallet (mobile) Sparrow Wallet (desktop) if you need mixing.
Keep your stuff off of exchanges.
Fourth and Fifth Amendment?
In the United States, particularly with a password locked phone, you cannot be forced to unlock your phone.
You are protected against self-incrimination, and compelled decryption is not allowed.
The police can try to obtain a warrant (if you already fucked up), but even if they are able to crack your phone and obtain the contents, they then have to then prove the evidence should be admissible.
https://www.law.georgetown.edu/american-criminal-law-review/wp-content/uploads/sites/15/2020/03/57-1-compelled-decryption-and-state-constitutional-protection-against-self-incrimination.pdf
I do not think you ever seen how Police acts against "darknet" service operators and users.
Storing anything sensitive on a phone is absolutely retarded. There is a reason people use encrypted usb sticks with tails, easily disposable, doesn't leave fingerprints, used as needed.
While average human is glued to their phone, easy cross contamination, room for many errors(persistent storage, can get infected), unlocked device(keys in memory, can be legally extracted as well as data).
Biometrics in any phone isn't secure, all recent iOS exploits were done thanks to it(and it leaving keys in memory).
All evidence used in any United States trial has to be legally obtained. However, it’s ultimately up to your lawyer to argue the legality of any given evidence obtained.
There has been numerous instances of core evidence being illegally obtained that let blatantly guilty people go free because they hired a competent lawyer.
You should be fine if you didn't do anything illegal. But yeah, GrayKey and all that, I wouldn't trust the police to not do something illegal themselves.
For a normal person, you should generally be fine keeping wallets on your phone, assuming you backup the seeds etc. If you're downloading dodgy apks, are part of a group targeted by foreign governments (they're not burning 0days on normal people), don't backup seeds or doing illegal things, probably not a good idea to keep things on a phone.
It's important to remember that most people are hacked via social engineering, not zero click 0day exploits via iMessage or WhatsApp. Manage your risk, be sensible and don't just listen to tinfoil hat people on the Internet.
Especially the FBI xdddddd
Just get a hardware wallet, don't trust any software wallet unless you just have a bit of crypto.
However now BTC is on a low volume bull run, waves like this have usually ended in a crash in bitcoins history. Personally i've considering why anyone would want to hold any crypto at the moment. it's not trading advice but it seems unlikely there is any further road as the NVT ratio is currently the highest it been since 2010, and is leveraged over 99%.
If you may want to HODL like they used to say in the olden days, go for it, but don't be surprised if it's a very long and cold winter ahead. Personally i'm not expecting a new ATH until 2027 at the earliest if ever.
Of course I could be totally wrong, and it's at 100k and i'm eating my words, but i doubt it.
Electrum FTW
Laptop/Workstation:
1. Sparrow https://www.sparrowwallet.com/
2. Electrum https://electrum.org/
3. Blockstream Green https://blockstream.com/green/
Android (I would avoid for much value, honestly):
1. Green https://blockstream.com/green/
2. Samourai* https://samouraiwallet.com
Hardware Signers (AKA Hardware Wallets)
1. Blockstream Jade https://store.blockstream.com/product/blockstream-jade-hardware-wallet/
2. SeedSigner (DYI) https://btc-hardware-solutions.square.site/
GET YOUR COINS OFF EXCHANGES.
It is impossible to overstate the importance of the above. An exchange is NOT a wallet. And a custodial wallet does not belong to you. One day your coins will be siezed most likely.
Storing your own bitcoin is not an easy task. And there are many pitfalls. The above wallets I recommend are open source and well tested. But CHECK YOUR BINARIES.
Ultimately you will store your seed words on some kind of permanent surface (stainless steel) in something like a bank vault.
https://bitcointalk.org/index.php?topic=5389446.0
Produce your own seed using dice, or one of the above hardware wallets.
DO NOT USE A COMPUTER FOR ANY PART OF THIS. Do it on paper. (And test, test, and test again. Plan for disaster)
NEVER UNDER ANY CIRCUMSTANCES PUT YOUR COLD STORAGE SEED ON A COMPUTER.
NEVER UNDER ANY CIRCUMSTANCES GET YOUR COLD STORAGE SEED FROM A COMPUTER.
A CELL PHONE IS EVEN WORSE THAN A COMPUTER FOR THE ABOVE.
PERIOD. The above is the most important thing. Sure use a wallet like Edge (recommended above by someone else) for pocket money. In other words money you are not worried about losing.
There is good advice in this thread, and there is bad advice in this thread. Only you can decide which is which.
Glad to continue to help if you want it. Bitcoinner since 2011.
Discussion can be closed after @cAPSLOCK s message
Use hardware wallet instead of keeping the coins on exchange
I would refer to this that comment for crypto coin newbies