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.
Topic: Best wallet for potential fork. - page 2. (Read 5945 times)
I'm using it, operating system is very easy and also safe.
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.
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/
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/
Exodus is a great wallet. Just make sure you export and back up your private keys just in case.
Here's a tutorial on how to do that - http://support.exodus.io/knowledge_base/topics/how-can-i-view-my-private-keys-1
Here's a tutorial on how to do that - http://support.exodus.io/knowledge_base/topics/how-can-i-view-my-private-keys-1
There are many wallets,
Trezor is one of the best wallet.
I'm using it, operating system is very easy and also safe.
Trezor is one of the best wallet.
I'm using it, operating system is very easy and also safe.
I really like Armory .... never had any problems with it ...
ps-> sometimes I even think that I can blame the compiler LoL
ps-> sometimes I even think that I can blame the compiler LoL
I would go with either a hardware wallet such as Trezor or Ledger, or even a desktop installed wallet like Exodus.
Any wallet that gives you access to your private keys should suffice.
Any wallet that gives you access to your private keys should suffice.
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.
Regardless, I would be wary of online or wallets connected to the internet there are so many cases of fraud especially when there is a fork given the confusion, etc.
The wallet doesn't matter. I think that's something that is not explained enough. The wallet is just an interface to your "bank account", it isn't your bank account. The bank account is the private key. You can use 10 wallets AT THE SAME TIME with the same key, it doesn't matter (of course if you send several transactions from several wallets, it will be messy).
Conversely, if you don't have the private keys, you don't control your "bank account".
Conversely, if you don't have the private keys, you don't control your "bank account".
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!
IMHO blockchain.info wallet would solve your problem. It is the online wallet and private key will be with you always. Further, you don't have to be download a full node to do transactions like offline wallet i.e. bitcoin core 0.14.2.
HELL NO
Every wallet which you have your private keys or passphrase. Ledger would be an good option.
IMHO blockchain.info wallet would solve your problem. It is the online wallet and private key will be with you always. Further, you don't have to be download a full node to do transactions like offline wallet i.e. bitcoin core 0.14.2.
Just make sure that you have access to the private keys to the addresses you use. And save them in a good safe place (maybe even print them and keep them a secret safe place)
Don't use an online wallet that doesn't grant you that or an online exchange (which is way worse and doesn't guarantee you anything.)
Don't use an online wallet that doesn't grant you that or an online exchange (which is way worse and doesn't guarantee you anything.)
So what if LeftForkCoin and in RightForkCoin really happens after that SegWit2 will be enabled, Should I really make a hardware wallet early as now and get my bitcoin balances from Coinbase? or this Online wallets have a plan also with this event if it will really happen? I am not a geek to know about this sorry.
You will need to contact Coinbase and find out what their plans are in the event of a fork happening and "LeftFork" and "RightFork" becoming actual separate coins as opposed to one "consensus" coin. As I stated right at the beginning of this thread, if you leave your coins in an online wallet where you do not control the private keys, then you have no control over what is happening in the event of a fork... your "wallet" or, more correctly, your "account" provider will make a decision about what is going to happen for you.
I foresee the network getting quite busy around the end of July and a lot of "account" balances being transferred from a lot of online services to "proper" wallets.
Hi,
Thanks.
Still kinda confused how I will end up with 2 lots of coins when I have one wallet and one set of keys...
Thanks.
Still kinda confused how I will end up with 2 lots of coins when I have one wallet and one set of keys...
Well, that's the worst case scenario with a fork, they never come back together and the two chains effectively become two incompatible cryptocoins. In this hypothetical scenario, the two coins share a history up to a certain point at which they diverged. You have private key(s) which are from the shared part of the history. That means that just as one cryptocurrency has now become two, your coins in the original cryptocurrency have now become coins in LeftForkCoin and in RightForkCoin (I love these names). As long as you control your own private keys, you are safely a part of the "winning" coin when and if a "winner" becomes apparent. If there never ends up being a winner and both forks retain their value, you're happy to have both coins.
I hope that helps.
So what if LeftForkCoin and in RightForkCoin really happens after that SegWit2 will be enabled, Should I really make a hardware wallet early as now and get my bitcoin balances from Coinbase? or this Online wallets have a plan also with this event if it will really happen? I am not a geek to know about this sorry.
You should get your private keys from coinbase. I don't know if they allow this, if they don't, you should move your coins to and address you control. That's my opinion.
This is not a viable question. If there is a fork, then the end results are going to be one consensus coin or two accepted versions and it does not matter what wallet you have, you will be on the same fork either way.
Your blockchain is going to be the same, and if it is accepted as consensus, then you are there, if not, then you are are gone.
This is not a viable question. If there is a fork, then the end results are going to be one consensus coin or two accepted versions and it does not matter what wallet you have, you will be on the same fork either way.
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