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Topic: Best bitcoin wallet (Read 102046 times)

full member
Activity: 126
Merit: 100
November 28, 2015, 07:50:08 AM
I think its Coinbase.
It is depends on the users.
sr. member
Activity: 434
Merit: 250
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November 28, 2015, 06:25:48 AM
If you would ask me I better go with offline bitcoin wallet when keeping large sum of coins due to security issues however i use online bitcoin wallet if I want to make my bitcoins into cash , I guess that depend on you in which type of wallet you find yourself more convenient.
sr. member
Activity: 266
Merit: 250
Grow SMALL amount of BTC by earning it
November 28, 2015, 06:20:45 AM
I see have several wallet sites. My opinion: blockchain.

But in my experience, desktop wallets are better than web based wallets. But blockchain.info is unique by the way it provide access to our private keys and you can access your bitcoins via internet from anywhere.

Both online wallets and desktop software wallets have many pros and cons. We must choose a wallet which lets us to access private key and easy set up based. Any wallet we can use but we need to have strong password or phone verification enabled are better ways to have secured wallets.
Xapo wallet seems to have all of those except the access to private key part. It has high security level as you mentioned and has a debit card that enables the user to withdraw bitcoins which is a bonus to many.
Haven't used it myself just bringing up some points that I have seen from their site and other btc news sites.
Xapo is a relatively good online hot wallet but that's all. If a service have knowledge of your private keys, it shouldn't be safe at all since a hacker can steal them easily. In terms of privacy, Xapo has none. They require users to verify their phone number before using which is a huge turn off for many users. It's required since they probably have to comply with the local regulatory measures.
full member
Activity: 310
Merit: 100
November 28, 2015, 05:11:52 AM
I think that coinbase is a must to begin. Never had issue until now.

Depends on country.  Coinbase is good for US, but it's really not international like BTC.  Each country has exchanges that work best for it.  So it would depend on location.

Also coinbase is still a hot wallet.  I don't like that for long term storage.  And some dont like the KYC rules with them.  It does not bug me personally on KYC but some it does.
I agree coinbase. Using and everything very good but I will use more other wallet.
legendary
Activity: 1456
Merit: 1000
November 28, 2015, 03:50:16 AM
I think that coinbase is a must to begin. Never had issue until now.

Depends on country.  Coinbase is good for US, but it's really not international like BTC.  Each country has exchanges that work best for it.  So it would depend on location.

Also coinbase is still a hot wallet.  I don't like that for long term storage.  And some dont like the KYC rules with them.  It does not bug me personally on KYC but some it does.
hero member
Activity: 615
Merit: 500
November 28, 2015, 02:24:36 AM
Try Bitcoin wallet as much as possible, using the most convenient "according to your own"

Use cold wallet (offline wallet) for example, electrum, multibit, bitcoin core etc as the primary storage Bitcoin you. Others, such as for transactions, trade and etc can use the hot wallet (online wallet) for example, blockchain, coinbase, xapo etc which is important not store in a Bitcoin wallet.
newbie
Activity: 42
Merit: 0
November 28, 2015, 01:57:19 AM
I think that coinbase is a must to begin. Never had issue until now.
legendary
Activity: 1456
Merit: 1000
November 27, 2015, 06:46:55 PM
Is there a actual site which compares wallets and everything about them?


You will find a few different sites that compare different ones.  Bitcoin.org does this - https://bitcoin.org/en/choose-your-wallet

But the problem are there are SO many different kinds.  To my knowlege there is not one that has every software, hardware, cold storage/hotstorage, web wallets, etc.  The list would just be massive so I don't think you will find all of them.

Main thing you need to know is if it's to store a small amount or a big amount.  Then look into hot/cold wallets depending on anwser.   And decide what fits you.
newbie
Activity: 4
Merit: 0
November 27, 2015, 06:06:41 PM
Is there a actual site which compares wallets and everything about them?
legendary
Activity: 966
Merit: 1000
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November 27, 2015, 01:34:49 PM
I see have several wallet sites. My opinion: blockchain.

But in my experience, desktop wallets are better than web based wallets. But blockchain.info is unique by the way it provide access to our private keys and you can access your bitcoins via internet from anywhere.

Both online wallets and desktop software wallets have many pros and cons. We must choose a wallet which lets us to access private key and easy set up based. Any wallet we can use but we need to have strong password or phone verification enabled are better ways to have secured wallets.
Xapo wallet seems to have all of those except the access to private key part. It has high security level as you mentioned and has a debit card that enables the user to withdraw bitcoins which is a bonus to many.
Haven't used it myself just bringing up some points that I have seen from their site and other btc news sites.
hero member
Activity: 2688
Merit: 588
November 27, 2015, 01:26:45 PM
I see have several wallet sites. My opinion: blockchain.

But in my experience, desktop wallets are better than web based wallets. But blockchain.info is unique by the way it provide access to our private keys and you can access your bitcoins via internet from anywhere.

Both online wallets and desktop software wallets have many pros and cons. We must choose a wallet which lets us to access private key and easy set up based. Any wallet we can use but we need to have strong password or phone verification enabled are better ways to have secured wallets.
hero member
Activity: 998
Merit: 504
November 27, 2015, 01:23:31 PM
I see have several wallet sites. My opinion: blockchain.

But in my experience, desktop wallets are better than web based wallets. But blockchain.info is unique by the way it provide access to our private keys and you can access your bitcoins via internet from anywhere.
full member
Activity: 159
Merit: 100
November 27, 2015, 01:04:58 PM
I see have several wallet sites. My opinion: blockchain.
legendary
Activity: 1006
Merit: 1000
November 27, 2015, 11:41:25 AM
I use xapo wallet.
I like to use this wallet because free for received and sent btc. No fee and You always received full amount

xapo is only good for storing small amount of bitcoins for your daily use but if you are storing large amount then you should switch to desktop wallet as it is more safe than using 3rd party wallets

Yes, thats right, not recomemded for storing a lot btc there. I just use for daily transcation because no fee to sent and received btc.
I think the best wallet to store coin is electrum, coinbase and blockchain
sr. member
Activity: 315
Merit: 250
November 27, 2015, 01:00:01 AM
I love blockchain.info for its quick setup and ease of use. It can also be set up with 2fa to add another layer of security. It is best if people do their own research to find the best solution for them
hero member
Activity: 588
Merit: 500
November 26, 2015, 11:51:22 PM
Your best bet would be using a desktop wallet such as Bitcoin core if you have a lot of space, Multibit HD, or Electrum. Encrypt your wallet and write down your safe words if given to make sure you can restore your wallet if something goes wrong. Make sure you back up your wallet regularly. The most safest is just to keep your coins off computer on a paper wallet somewhere safe because your computer can be vulnerable environment. If you lose your paper wallet, you are basically coinless so place it somewhere safe if you do. The most important factor is how many coins do you have and to adapt to the situation. You need to examine your potential risk and exploitations that can put you in unsafe environment without any prior knowledge or even thinking about.
full member
Activity: 140
Merit: 100
November 26, 2015, 10:25:16 PM
best wallet is no wallet, use paper!!
hero member
Activity: 756
Merit: 502
November 26, 2015, 10:24:12 PM
I use xapo wallet.
I like to use this wallet because free for received and sent btc. No fee and You always received full amount

xapo is only good for storing small amount of bitcoins for your daily use but if you are storing large amount then you should switch to desktop wallet as it is more safe than using 3rd party wallets

i save 0.4 at my xapo wallet and im never get any bugs Smiley
i think Xapo is professional company , and he would keep the trust of the customer


No matter how trusted they are, it is centralised and they can say that you violated their TOS and freeze your coins. With desktop wallets, you have the control of your coins and there is no need to worry about it being down. Xapo only insure coins stored in their vaults which means that they won't be held liable for any losses on your normal xapo wallet. If someone manage to gain access to your Xapo account, they can steal all of it.

basically xapo wallet use 2fa defaulted and the 2fa only can acces from your android device or you can use sms verification with your number phone
i think it's a strong system, im use xapo more than 1year and i never get any issue and my account was never frozen
Previous experience doesn't mean that your future experience would be the same. Coinbase had a 2FA vulnerability before which affected those who had 2FA. If they one day gets hacked, server side, not client side, they will not reinburse you or at most up to $100 with their vault. For vault, you have to wait for 48 hours to receive your coins. SPV Clients like Electrum does not have a central authority and is independent. Can you sign a message with Xapo?

i know i can get full acces at my xapo address, i use xapo for daily spending not for hold, i use paperwallet to hold my bitcoin  Tongue
and i want to ask you
if your blockchain.info get hacked are you get compensation of blockchain.info ?
sr. member
Activity: 266
Merit: 250
Grow SMALL amount of BTC by earning it
November 26, 2015, 10:16:16 PM
I use xapo wallet.
I like to use this wallet because free for received and sent btc. No fee and You always received full amount

xapo is only good for storing small amount of bitcoins for your daily use but if you are storing large amount then you should switch to desktop wallet as it is more safe than using 3rd party wallets

i save 0.4 at my xapo wallet and im never get any bugs Smiley
i think Xapo is professional company , and he would keep the trust of the customer


No matter how trusted they are, it is centralised and they can say that you violated their TOS and freeze your coins. With desktop wallets, you have the control of your coins and there is no need to worry about it being down. Xapo only insure coins stored in their vaults which means that they won't be held liable for any losses on your normal xapo wallet. If someone manage to gain access to your Xapo account, they can steal all of it.

basically xapo wallet use 2fa defaulted and the 2fa only can acces from your android device or you can use sms verification with your number phone
i think it's a strong system, im use xapo more than 1year and i never get any issue and my account was never frozen
Previous experience doesn't mean that your future experience would be the same. Coinbase had a 2FA vulnerability before which affected those who had 2FA. If they one day gets hacked, server side, not client side, they will not reinburse you or at most up to $100 with their vault. For vault, you have to wait for 48 hours to receive your coins. SPV Clients like Electrum does not have a central authority and is independent. Can you sign a message with Xapo?
hero member
Activity: 756
Merit: 502
November 26, 2015, 10:03:04 PM
I use xapo wallet.
I like to use this wallet because free for received and sent btc. No fee and You always received full amount

xapo is only good for storing small amount of bitcoins for your daily use but if you are storing large amount then you should switch to desktop wallet as it is more safe than using 3rd party wallets

i save 0.4 at my xapo wallet and im never get any bugs Smiley
i think Xapo is professional company , and he would keep the trust of the customer


No matter how trusted they are, it is centralised and they can say that you violated their TOS and freeze your coins. With desktop wallets, you have the control of your coins and there is no need to worry about it being down. Xapo only insure coins stored in their vaults which means that they won't be held liable for any losses on your normal xapo wallet. If someone manage to gain access to your Xapo account, they can steal all of it.

basically xapo wallet use 2fa defaulted and the 2fa only can acces from your android device or you can use sms verification with your number phone
i think it's a strong system, im use xapo more than 1year and i never get any issue and my account was never frozen
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