this post was submitted on 15 Jul 2023
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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?

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[–] heftig@beehaw.org 22 points 1 year ago (1 children)

Don't get into crypto. It's only useful for scams and money laundering.

[–] starship_lizard@programming.dev 11 points 1 year ago (5 children)

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@beehaw.org 10 points 1 year ago

Narrator: "It didn't".

[–] renard_roux@beehaw.org 2 points 1 year ago

Narrator: "It didn't".

[–] kherge@beehaw.org 2 points 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.

[–] kherge@beehaw.org 2 points 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.

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

[–] nothingbutlove@lemmyonline.com 6 points 1 year ago (1 children)

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.

[–] Rentlar@beehaw.org 4 points 1 year ago (1 children)

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@beehaw.org 2 points 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@feddit.de 1 points 1 year ago

Just get a Trezor. It's open source both the software and the hardware, battle-tested, and very easy to use.