Topic: Best bitcoin wallet - page 11. (Read 102039 times)

The most secure wallet should be offline wallets and paper wallets.
When created and maintained correctly, you don't need to worry about  hacking, malware, server downtime, etc.

I started with blockchain.info and it's very good, security is also good but now I'm using a wallet at CEX.IO.

blockchain info

blockchain.info is secure wallet so far
very simple to create it

if you have so many BTC, you should run bitcoin-qt for maximum security for your BTC
if you don't want wait all long day just for sync your bitcoin transaction, just use electrum or multibit for light desktop wallet
and if you want simplest way to store your BTC (especially few BTC), you can try online wallet like blockchain.info

I didn't use Armory, but from what I heard, you need to have quite a lot of RAM to get it running smoothly...

I use multibit primarily
Blockchain for small amounts as it is an online wallet
Quite happy with how it has worked out so far

Using exchanges and gambling sites to store your bitcoin is the worst idea IMO, as you have no control of the private keys.
If you want an easy-to-use wallet, use SPVs such as Electrum.
If you want to have maximum safety, use offline wallets.

Just keep away from Armory please and you will be fine. I got data corrupted and i couldn't run it ever again, did fresh copy , did it on other PC, imported PVtKeys and my balance was 0, that night i lost a lot of nerves for nothing, than i got my BTC back by importing PVtKeys at blockchain, than i decided for other wallet since i don't like hot wallets.

I just started using Bitcoins and found Blockchain.info's wallet easy to use. You can always check out Bitcoin Armory. Here's a great talk on Bitcoin wallet by people at Bitcoin Armory https://www.youtube.com/watch?v=fdmyIvSTXEw.

Combination of Blockchain.info as hot wallet and paper wallets for cold storage works best for me. I keeping in Blockchain.info only very small amounts

@Phoen1x That's the idea about Coinbase furthermore BTC wallet is made in America

I would definitely start with Coinbase.  The one downside is that they used to require a full 1 BTC purchase for the first transaction.  This might no longer be the case now that BTC has flirted with $1000 (it wasn't a problem for me when BTC was only ~$100).

just use android wallet, safe and secure with good features.

I've been using Blockchain for a start and daily transactions. However, for large amounts I think some offline wallet is more secure, like Armory.

Multibit has a similar feature too.

There's no such thing as "the best wallet", everyone has their own opinion. I personally use Electrum, because I don't have to spend a long time syncing with the network.

 Thank you for the great answer
I agree open source is the way to go. I rely on blockchain.info rather than an exchange, like coinbase, to take care of my easy access storage needs. But it would take coinbase like 5 minutes to implement the system that blockchain has going. I dont know why they havent yet gone that route.

No.
No, no, no, no.
No.

https://blockchain.info/wallet is a bitcoin wallet.
You maintain control of your private keys, and the provider (blockchain.info) does not have the ability to spend or steal your bitcoins.  If they are hacked, they don't store anything that would provide a hacker with the ability to spend/steal your bitcoins.  Assuming you are wise enough to store a backup of your blockchain.info wallet file, you can still gain access to your own bitcoins even if blockchain.info shuts down and disappears for some reason.  It is software that allows you to receive, secure, and send bitcoins.

coinbase is an online account.
Any bitcoins you store with coinbase are no longer yours.  You have given them to an unregulated and uninsured complete stranger and trusted their promise that they will give them back to you (or forward them on somewhere else) any time you ask them to do so.  You have no access to the private keys at all.  Since coinbase has the private keys, if coinbase is hacked the hacker could steal bitcoins. Since coinbase doesn't allow you access to the private keys, there isn't any way to back up your wallet.  Therefore, if coinbase were to shut down and/or disappear for some reason, it would be impossible for you to ever gain access to your bitcoins again.  It is not a bitcoin wallet, it's an uninsured, unregulated company that offer a savings account that pays you 0% interest.


Sure, there's definitely room in the market for better open source wallets.  Don't waste your time on a closed source project unless you're just doing it for personal use though.  Hardly anyone is going to trust software with their bitcoins unless the source code can be independently reviewed and compiled.

I feel that blockchain.info is most popular but coinbase is prob better. I think we can still do better and am considering developing a new wallet. Do you guys think there is room/need in the market for this?