[REQUEST] I need a crypto currency wallet

[InHomeComputerHelp.com]

I joined minds to do a little article promotion. Seems I can make a little crypto money but I know nothing about it. I recall some of you talked about bitcoin so I thought I'd ask you folks what I should get.

Rick

 

[seashore]

For secure storage look into hardware wallets, eg Trezor, Coldcard (or Ledger if you're happy trusting closed source code).
Only consider software wallets if you want to keep small amounts on hand ready to spend.

 

[sapphirescales]

I'll vouch for the Trezor Model T. Very nice device, great program for the PC, excellent UI, etc. It's a little pricy but if you're buying a hardware wallet chances are you're trying to secure a lot more than $300 in crypto. I wish they had a larger device with a bigger touchscreen. Despite the Model T being the "premium" model, it doesn't feel like $200 more of hardware than the standard version.

 

[Blues]

Also what currency or currencies would you be storing in the wallet?

 

[InHomeComputerHelp.com]

Also what currency or currencies would you be storing in the wallet?

No idea. It may even be minds own currency. Found this Minds Tokens with ETH. Exchange rate: 1ETH
I don't even know what ETH is I'm that new.

 

[Blues]

ETH is the short name of the Ethereum token similar to how businesses have abbreviated short names for their stocks. You want to make sure your wallet supports the particular token/coin you will be earning. If you aren't sure about holding what you are being paid out in you may want to use an exchange where you can more easily sell or trade to cash out or start holding a coin/token you do want. Trading opens a whole other issue as not all exchanges allow users from USA and not all tokens are accepted or tradeable on all exchanges.

 

[Blues]

So just looked at the site I believe you are talking about and yes they payout in their our token called MINDS so make sure any wallet or exchange you use has that token and again if liquidation or trading are a concern make sure you can do so from MINDS to your desired currency or crypto.

 

[lcoughey]

What happens if the hardware wallet breaks or is stolen?

 

[Blues]

Most wallets address that question in their FAQ so I would suggest checking that section of any given wallet to ensure recovery options.

 

[sapphirescales]

What happens if the hardware wallet breaks or is stolen?

That's why each wallet has a recovery seed phrase. You can make it even more secure by adding a secret passphrase. With my wallet I have my seed phrase stored on two encrypted flash drives (one at home, one in a safe deposit box at the bank) and I have my secret passphrase memorized. Even if someone somehow gets hold of one of my flash drives and decrypts it to get my seed phrase, they can't get into my wallet without my secret passphrase.

Hardware wallets are 100% bulletproof. There are scams out there that you might fall for (phishing emails mostly) but just realize that you should NEVER enter your seed phrase unless you're moving to a new hardware wallet. And NEVER buy your hardware wallet from anywhere but directly from the source.

Not even Amazon is safe because even if something is "shipped and sold by Amazon," they just put every seller's product (including the product Amazon bought from the manufacturer) in the same bin and pick from there. You never know if some criminal made fake Trezors and shipped them to Amazon for fulfillment.