After reading a post from @penguinpablo https://steemit.com/bitcoin/@penguinpablo/bitcoin-cash-is-basically-just-another-altcoin about Bitcoin Cash I need some help and advice on a few things I don't fully understand.
Can someone please answer a couple questions I have about all this.
1.What are some wallet options for me?
2.Which one is best, most secure?
3.Would the wallet I can download from Bitcoin.com work fine or are there drawbacks using it versus other wallets?
4.How will I get the BCC, will the BCC just show up in the wallet?
Personally i use Xapo online but am interested in using cold storage wallets like Ledger Nano S more info here i am rather new to all this though so may not be worth listening to. Also is that you in the pic 😍
Thank You for the info I will have a look, and yes that is me in the pic :)
You're more than welcome @halo and that is a lovely picture of yourself ❤️
@halo I use www.uphold.com for me is the best <3
Thank you for the reply
What wallet you choose depends on which crypto you want to store, how secure you want to be, and how much you want to spend, among other things.
Not all wallets support all currencies, although for BTC, ETC, LTC, DASH, most do support them. Alt-coins are another story.
For safety, and as the below video and many others suggest, you really need to control your own private keys, otherwise you do not really own the crypto.
Some good, secure wallets are the hardware wallets like the Ledger Nano S, the Trezor, and the KeepKey. But they'll run you somewhere around $100 USD or so. Those wallets are secure even when your computer has been compromised by trojans/viruses,etc.
Then there are always paper wallets: cheap, easy, and secure. Well, at least until you want to spend the crypto on the paper wallet at which point you will have to expose your private key on your mobile phone or your PC.
Keeping your crypto on an online exchange like Coinbase, Kraken, Gemini, etc is not very secure at all. You're at the mercy of those running those exchanges. They could run away with all your crypto if they really wanted to.
And there are many software/mobile wallets like Bread, MyCelium, Exodus, JAXX, and MyEtherWallet. Those are some of the well known and trusted wallets, AKAIK.
This is a rather deep subject, so you'll need to do some homework, but it's well worth it IMHO.
YouTube is your friend in this respect.
Watch this:
@cognoscere Thank you for the detailed reply. I have some bitcoin at coinbase and I need a wallet that I own the private keys , so on Aug 1st when the place @penguinpablo is talking about in this post https://steemit.com/bitcoin/@penguinpablo/bitcoin-cash-is-basically-just-another-altcoin splits the BTC block chain I can get my free BCC , I am pretty sure the wallet I downloaded from Bitcoin.com is a wallet where I own my private keys, but not 100% certain.
I use https://electrum.org
Thank You for the reply
I just use the blockchain wallet, and have never had a problem.
Thank You for the reply
I just did a @ubf video on how to get your bitcoin off of Coinbase and into either a paper wallet or Breadwallet. The key is owning and controlling your own private key. As long as you're doing that, you're good to go. Definitely a good time to get your coins off an exchange unless they specifically mentioned exactly how they will handle the spit and you trust them completely. Ultimately, no exchange is trustworthy.
@lukestokes Thank You for the reply I just done a post with a bunch of different wallets Mostly copy and past but good info. Yes it's to bad they are not more trustworthy , my husband lost money at Mt.Gox , Cryptsy , and Mintpal.
@lukestokes, I also want to see more folks like You on this channel. Damn cryptos :^)
I am currently curating inteviews with blockchain people and also steemians.
So question:Who would you like to see approached in a life conversation?
I have been using Exodus since mid last year and love it. https://www.exodus.io/
Thank you do you own the private keys with Exodus?
The easiest way is to just make yourself a Paper Wallet. Check out my tutorial on it here: https://www.cryptostache.com/2017/07/20/make-first-move-owning-keys/
nice rack, sorry but i had to mention a quality that couldn't go with being said!
vote @fauxfinish like i just did for you next i'm going to follow you to the moon and back ,keeep it real homegurl.upvote
Hello @halo
I recommend Xapo , It is secured and even serve an option to get a credit card (Debit card) of Bitcoin so you can buy directly from you Bitcoin wallet.
BTW, I sent you a messege on steemit.chat. I'll appriciate if you check it :)
Have a superb day :)
I've been using blockchain.info since i began toying around with btc and as a web wallet ive never had an issue whatsoever. love it. As for most secure, ledger nano/paper wallets...also you should refer to https://coin.dance/ to see who voted which way and who plans on adopting what chain
Thank You For your reply I will check it out
I use the Electrum on Ubuntu @halo - it's super-safe and I love it! :) https://electrum.org/#home
I got a bellyRub and this post has received a 3.71 % upvote from @bellyrub thanks to: @zeartul.