if i want to start holding btc, should i keep it in my WoS? Or some other wallet 🤔 #plebchain
Discussion
WoS is custodial, so they control your Bitcoin. They offer convenient micropayment, but they are not a safe place to keep any meaningful wealth.
There are tons of options, and really it’s just about finding what best suits your needs. Being able to self-custody your coins is priority #1, but aside from that it comes down to your personal use case and preferences.
I use Zeus to connect to my lightning node and make mobile lightning payments, and a cold storage setup with a hardware wallet(s?) in order to secure my long term savings. Other good wallets are BlueWallet, Phoenix, Sparrow (Desktop) or Muun (not for lightning anymore though) among others.
Define how you want to use Bitcoin, and you’ll surely be able to find a setup which helps you achieve that goal. You can’t really go wrong, and Bitcoin is money which transcends individual wallet softwares, so it’s very easy to change a setup if your needs change in the future.
If you want to hodl and save in Bitcoin the best practice is to use hardware wallet as cold storage. My favorite Coldcard and SeedSigner. Mobile wallets are ok for small amounts you intend to spend
I only keep as much in my WoS as I would keep in cash bills in my pocket.
The rest of my #Bitcoin is secured with a hardware wallet. Blockstream jade, Seedsigner and Coldcard are recommended.
consider it like a wallet in your pocket... you shouldnt care much if you loose it. If its more hold it in cold storage