I’m getting into crypto and am thinking about setting up a cold storage wallet on a USB drive. Do any of you all have favorites you’d reccomend for a newbie like me?
- heftig ( @heftig@beehaw.org ) 30•1 year ago
Don’t get into crypto. It’s only useful for scams and money laundering.
I can understand why you would say that, but I think in the coming decade we’ll see it come into much more mainstream use. Whether or not that’s true remains to be seen. I personally don’t mind sinking a little money into it to see if it goes anywhere, but I’m not dumping my retirement into it or anything.
- renard_roux ( @renard_roux@beehaw.org ) 14•1 year ago
Narrator: “It didn’t”.
- Kevin Herrera ( @kherge@beehaw.org ) 2•1 year ago
I’m not a crypto investor, but I, like you bought some Ethereum with the same belief. It’s an intrinsically valuable currency.
- sounddrill ( @sounddrill@lemmy.antemeridiem.xyz ) 2•1 year ago
Dawg my country got it’s own thing going with payments, where it’s like GPAY but government official and uses a scanner/qr system attached to regular currency(connected to banks).
I don’t see crypto fitting in at all
- ericjmorey ( @ericjmorey@beehaw.org ) 1•1 year ago
Primarily useful for scams and money laundering, but there are fringe uses which are legitimate.
- nothingbutlove ( @nothingbutlove@lemmyonline.com ) 6•1 year ago
I think the options here are driven by which coins you’d like to hold and whether you’ll be interacting with hardware wallets. If you’re thinking Bitcoin, and have a particular hardware wallet in mind for the future, perhaps give Electrum a look. BE CAREFUL WITH WHERE YOU DOWNLOAD CRYPTO SOFTWARE
For sure. I’m not installing anything without verifying it first.
edit: I probably wouldn’t buy anything besides bitcoin and eth
- Rentlar ( @Rentlar@beehaw.org ) 4•1 year ago
Coin Wallet on Linux repositories have worked fine for me.
Honestly though, crypto isn’t worth your time. And half of the USB flash drives I had 10 years ago have failed, so don’t rely on them for a long time, or keep at least 2 other backup copies elsewhere.
Thanks for the helpful advice, I appreciate it!
- Retainer8510 ( @Retainer8510@beehaw.org ) 2•1 year ago
don’t listen to people to stay out of crypto, you do you.
Check out sparrow waller, it’s a bit shinier than Electrum wallet and open source afaik
- asap ( @asap@feddit.de ) 1•1 year ago
Just get a Trezor. It’s open source both the software and the hardware, battle-tested, and very easy to use.