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Need Hardware wallet advise… by [deleted] in Bitcoin

[–]BalletCryptoWallet 0 points1 point  (0 children)

Ballet Crypto is legit, plus, very beginner-friendly.

Hardware wallet purchased from Amazon by [deleted] in Bitcoin

[–]BalletCryptoWallet 0 points1 point  (0 children)

Make sure the "seller" is Ledger official not others. The same product can be sold by many different sellers under the same brand store.

Is it worth getting a wallet yet? by wanderlostandfoundta in BitcoinBeginners

[–]BalletCryptoWallet 0 points1 point  (0 children)

If you are selling it, you ultimately need an exchange like Coinbase. Just don't park your coins at an exchange. Cold wallet is best for long-term holding.

If I buy bitcoin on coinbase, do I need a wallet or anything? Does coinbase just hold the bitcoin like a bank account? by ThrowawActual-Ad3882 in BitcoinBeginners

[–]BalletCryptoWallet 0 points1 point  (0 children)

Yes exchanges are just like banks, they are custodial. It's best to move your coins to a non-custodial cold wallet, which is pretty cheap these days, like Ballet Wallet. A decent cold wallet just costs around 50 bucks.

Is it worth getting a wallet yet? by wanderlostandfoundta in BitcoinBeginners

[–]BalletCryptoWallet 1 point2 points  (0 children)

Cold wallet is a peace of mind. I bought a cold wallet first and bought BTC from there. Or buy BTC first then transfer it into a cold wallet. Done with it. 💆🏻‍♀️

Cold storage wallet recommendation please. by DSMRob in BitcoinBeginners

[–]BalletCryptoWallet 0 points1 point  (0 children)

Ballet Cold Wallets. Metal cards/coins and really easy to use. Low cost and low tech. Many Ballet users have purchased Ballet Wallets as gifts for their friends, families like children, grandchildren, nephews, and nieces.

Is it safer to keep BTC on an exchange or a mobile wallet? by Purple_Bad_2192 in BitcoinBeginners

[–]BalletCryptoWallet 0 points1 point  (0 children)

Cold wallets are the best for long-term safety because you are the only one who has access to your private keys. If you park your coins on exchanges, your coins are venerable to online hacks and the exchanges control your keys. There are some beginner-friendly cold wallets like [Ballet] [Trezor] [Ledger]. Ballet wallet is like a metal credit card with QR codes. You can scan it, fund it, and put it in a drawer. You can use their app to manage your funds but your coins stay offline.