Topic: Best wallet for potential fork. (Read 5945 times)
I like coinomi (only on smarthone at this time), team is very reactive and new forked coins are implemented very quickly (bch, btg etc)
Here's the question i ask myself 
question
1 . Does it allow you to export private ?
result
Yes : <- Use
No : <- ( lol )
Enjoy
question
1 . Does it allow you to export private ?
result
Yes : <- Use
No : <- ( lol )
Enjoy
U can also use paper wallet. It's very safe.
Hi There,
Trying to get my head around the coming fork or whatever might happen.
It is all a bit over my head. So i'll leave it to the experts.
Just wondering what is the best wallet to use to protect my investments.
I have both BTC and ETH so I am using Exodus at present as it is nice clean, and holds my coins in one place.
Should I be using a wallet that downloads the entire blockchain instead, to keep my BTC for the coming month or two?
I am sure some of you BTC geeks will know.
Advice appreciated, explanations would be awesome.
cheers,
Rhyso
Trying to get my head around the coming fork or whatever might happen.
It is all a bit over my head. So i'll leave it to the experts.
Just wondering what is the best wallet to use to protect my investments.
I have both BTC and ETH so I am using Exodus at present as it is nice clean, and holds my coins in one place.
Should I be using a wallet that downloads the entire blockchain instead, to keep my BTC for the coming month or two?
I am sure some of you BTC geeks will know.
Advice appreciated, explanations would be awesome.
cheers,
Rhyso
it' easy.
just choose one who will give you the possibility to export private Keys.
You need this feature to import Keys in the new wallet who will be able to manage the new chain!
Yes. that's the smiple rule. After fork, you still need find the proper wallet to recover your keys to gain your coins.
what if a consolidate wallet which act quickly to support all fork coins?
Hello. Does it make sense to buy a purse on a physical medium?
I think Coinbase would be nice for an online wallet to withhold your Bitcoins with this incoming Hard Fork because they said that when the Bitcoin network mines the block 494,784(that's the time for Segwit2x) they will give the exact amount of Bitcoin2x(new coin after Hard Fork) to the users who hold their Bitcoins at their platform. As of now I am using an Electrum wallet for my desktop computer and I am all good with it because I also hold my private keys that is eligible in getting the new coin and it doesn't need to download the whole blockchain in able to use it.
I use electrum, that is what most people has recomended regardless. And I like its simplicity and that its easy to add notes on every transaction. And I hope it will work well for the upcoming fork the 16 november
The best thing for you would be hardware wallet. It is safe from hacker attacks and it will be safe for the potentional fork. There are many hardware wallets to choose from. I would personally choose nano. If you are ready to spend some of your BTC buy hardware wallet. It will meet up with your expectations. I hope I helped a bit.
I think that any wallet where you have the full control over your private keys is good choice and that is also the most important feature. Electrum could be one of the good choices. The other issue is that with this multiple forks that are happening not all wallets are supporting them or better to say the coins like recent Bitcoin Cash or Bitcoin gold so if that is important to you that is another thing you have to pay attention.
How much you guys expect to gain on such a move? Would it be much more than investing in Alts at -50% discount?
For me the best solution in the past was Electrum, I had no problems with the forks
and everything was pretty easy to handle.
and everything was pretty easy to handle.
But I do have keys and my wallet seems pretty pro and has lots of support. It all just seems a bit vague for us crypto investors that are not tech savvy.
Because the word "wallet" is very misleading. The blockchain holds the data and the "wallet" is a means of creating new blockchain entries and/or checking on existing blockchain entries.
Wallet software must assemble a transaction and send it to the miner pools, then the transaction is included in a block and becomes part of the chain. But the typical idea of "wallet" is something that contains something valuable. If coin could move from wallet to blockchain then wallet could contain coin. But it can't. Coin can only move from one address to another.
I have decided to use Electrum. Its easy to install and you won't need to download the blockchain.
It provides easy options to save your private keys in JSON or CSV format. The files would be safer if you copy them and keep in an offline media.
Delete them from your PC once exported and keep in mulitple offline places. 2 cheap USB drives and writing a CD just in case should be enough.
It provides easy options to save your private keys in JSON or CSV format. The files would be safer if you copy them and keep in an offline media.
Delete them from your PC once exported and keep in mulitple offline places. 2 cheap USB drives and writing a CD just in case should be enough.
The most reliable purse is Ledger Nano S, this is an offline purse-flash drive, in 24 codes you write down on paper and hide it so that in case you lose or steal a USB flash drive you can order the same and restore all data
https://www.ledgerwallet.com/
https://www.ledgerwallet.com/
usb-stick wallet is best choice.
If you're going to use a desktop wallet like myself I would recommend using the elctrum desktop wallet. Extremely leightwheigt (no need to download the entire blockchain) and it supports a potential fork. If you're going for a hardware wallet you probably want to consider a trezor hardware wallet.
I do know that Electrum is a good wallet but I don't wanna risk my coins on a PC. Since it is more prone to viruses it is not as safe as keeping the coins on your phone wallet. In addition to that, we can open and watch it anytime we want.any wallet that supports private keys export/import is fine
if you ask for a particular recommendation,I would suggest Electrum or Trezor
if you don't have a hardware wallet,go for Electrum-it is great and easy to use
here you can find info on how to sweep/import your private keys to Electrum:
http://docs.electrum.org/en/latest/faq.html#can-i-sweep-private-keys-from-other-bitcoin-clients
http://docs.electrum.org/en/latest/faq.html#can-i-import-private-keys-from-other-bitcoin-clients
here you can read a short article on sweep vs import:
https://99bitcoins.com/know-more-private-key-import-vs-sweep-difference/
What do you think about mycelium wallet. Will it do the job since it gives the seed with the backup of 12 words.if you ask for a particular recommendation,I would suggest Electrum or Trezor
if you don't have a hardware wallet,go for Electrum-it is great and easy to use
here you can find info on how to sweep/import your private keys to Electrum:
http://docs.electrum.org/en/latest/faq.html#can-i-sweep-private-keys-from-other-bitcoin-clients
http://docs.electrum.org/en/latest/faq.html#can-i-import-private-keys-from-other-bitcoin-clients
here you can read a short article on sweep vs import:
https://99bitcoins.com/know-more-private-key-import-vs-sweep-difference/
I guess this will workout. But I don't know how to claim the B2X. Does any wallet supports the seed from mycelium ?
If you are not going to buy and sell, the best is the paper wallet.
Electrum has been my main wallet throughout all the previous forks and I've never encountered any problems in the process of using it. Of course if you want to be 100% sure you can also use the standard bitcoin core wallet but you have to take into account that you will have to download the entire blockchain (about 140 gigs at the time of writing this). Either way, whichever wallet you pick make sure you have full access to your coins (= have access to your private keys).
I have the private ket that Bitpay has given to me but the alert message that i mentioned above has confused me. Thank you for your reply.
Electrum has been my main wallet throughout all the previous forks and I've never encountered any problems in the process of using it. Of course if you want to be 100% sure you can also use the standard bitcoin core wallet but you have to take into account that you will have to download the entire blockchain (about 140 gigs at the time of writing this). Either way, whichever wallet you pick make sure you have full access to your coins (= have access to your private keys).
So ı have my bitcoins on Bitpay which gived me a private key. But it is online as you know and there is an alert on the bitcoin.org website about Bitpay. ( https://bitcoin.org/en/alert/2017-10-09-segwit2x-safety )
I am confused. Do i have to send my coins to core wallet or it is ok to store in Bitpay? If i need to send, is there a problem with this transaction? Becouse i have it on Bitpay before 25/10.
I hope someone can help me with it.
Thanks.
I am confused. Do i have to send my coins to core wallet or it is ok to store in Bitpay? If i need to send, is there a problem with this transaction? Becouse i have it on Bitpay before 25/10.
I hope someone can help me with it.
Thanks.
From what I read, you can get the private key from the bitpay wallet and therefore you should be able to retrieve the new coins.
But this is up to the wallet service, in this case Bitpay.
They could make it easy or hard.
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