Wallet Help

341 viewsCommunity Technical Support

Wallet Help

I’m a newb to Bitcoin, been trading for a year or so. I’ve left my coins on the brokerage site, but now I’m looking at other wallets.

I’m running a full node, and want to know about the wallet in Bitcoin Core. Is it a safe software wallet? Is it widely used?

I also bought a hardware wallet, the Ledger Nano X. How safe is this type of wallet?

Which would you recommend of the two? To me, it’s a huge step to secure my coins locally without understanding these wallets.

Thanks!

Danusushka de zoyza Answered question May 29, 2024
0

With running your own node you can protect your privacy and help the network be more decentralized, but it’s not that you increase your security with running you own node.
Take note that any online device is always prone to hacking. If you want to be completely secure, you should generate and use your wallet on an air-gapped device or go for a good hardware wallet.

Jason Johnson Answered question May 29, 2024
0
You are viewing 1 out of 3 answers, click here to view all answers.