Bitcoin BTC, mBTC, μBTC, Satoshi & Altcoins Wallet that can be trusted

dkbit98

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Quote from: designbuyers on April 12, 2021, 01:12:57 PM

Looking for Bitcoin and Altcoins Cryptocurrency wallet that can be trusted and give you your private and public keys and can hold amounts less than cents, Like supporting mBtc (millibitcoin), satoshi, Bits or Microbitcoins (μBTC), and it will be safe to keep the altcoins for longtime

There are not many software wallets like this and all of them are closed source like Coinomi, Exodus or Atomic wallet for example.
I would prefer using open source wallets and Mycellium is open source software wallet but it supports only Bitcoin and ethereum with tokens, so best option for you would be using Trezor Suite software with their hardware wallet.
Trezor can also work connected with Electrum wallet for Bitcoin or with Exodus for all other tokens, but with downloading Trezor Suite software you have everything in one app.

o_e_l_e_o

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Quote from: hosseinimr93 on April 12, 2021, 01:58:23 PM

The minimum amount of bitcoin you can send is 547 satoshi.

Quote from: Findingnemo on April 13, 2021, 08:12:17 AM

The minimum bitcoin amount can be send using the bitcoin blockchain is 546 sats

It's actually 294 sats at present.

The dust_relay_tx_fee is currently set at 3000 sat/kB (which is equivalent to 3 sat/byte). The dust limit is defined as the size of the transaction, multiplied by the dust_relax_tx_fee divided by 1000, or more simply, the transaction size multiplied by 3. This works out to 546 sats for non-segwit transactions, but only 294 sats for segwit transactions.

The relevant sections of bitcoin code are here:

dust_relay_tx_fee value - https://github.com/bitcoin/bitcoin/blob/4a540683ec40393d6369da1a9e02e45614db936d/src/policy/policy.h#L54
Dust limit - https://github.com/bitcoin/bitcoin/blob/a1f0b8b62eb851c837a3618583b7c2fd4d12006c/src/policy/policy.cpp#L16-L29

Findingnemo

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Quote from: designbuyers on April 12, 2021, 01:12:57 PM

Looking for Bitcoin and Altcoins Cryptocurrency wallet that can be trusted and give you your private and public keys and can hold amounts less than cents, Like supporting mBtc (millibitcoin), satoshi, Bits or Microbitcoins (μBTC), and it will be safe to keep the altcoins for longtime,

BTC = 1 Whole Bitcoin
mBTC (millibitcoin) = 0.001 BTC
uBTC, Bits, Microbitcoins (μBTC) = 0.000001 BTC
Satoshi = 0.00000001 BTC

If the wallet support only bitcoin and have support for smaller amounts with > mBtc (millibitcoin), satoshi, Bits, or Microbitcoins (μBTC) and give you your private and public keys then I will be okay with that.

with cold storage would be an extra for security would be good, if not then Ok.

The minimum bitcoin amount can be send using the bitcoin blockchain is 546 sats so literally every wallet can store and receive any wallet above 546. Electrum does have the features you are looking for and its god enough to store a whole bitcoin as well if you are not a person who install pirated apps on your PC and know the importance of keeping your device safe from online attacks. Or else you need to buy a hardware wallet.

DireWolfM14

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Quote from: designbuyers on April 12, 2021, 03:14:19 PM

a hardware wallet is a good option but I would rather use normal online wallets with cold storage would be an extra,
If the wallet support mBtc (millibitcoin), satoshi, Bits, or Microbitcoins (μBTC) and give you your private and public keys then I will be okay with that.

"Online" and "Cold Storage" are completely the opposite of each other, you statement sounds contradictory. If by "Online" you mean a web wallet, they usually don't give you access to the private keys. The only one that does (if they still do,) is Blockchain.com. If you mean a desktop client wallet that supports multiple currencies, all that I know of are closed-source, and I don't use them. I certainly wouldn't trust them to generate cold-storage keys or seeds.

I was under the impression that you wanted one solution for multiple currencies, and secure offline storage. That's why a hardware wallet is the best option for you. It's just that; a single solution for all your needs.

Quote from: designbuyers on April 12, 2021, 03:14:19 PM

If the wallet support mBtc (millibitcoin), satoshi, Bits, or Microbitcoins (μBTC) and give you your private and public keys then I will be okay with that.

Only web wallets, exchanges, casinos, and various online services limit how much (or little) bitcoin you can send or receive. Most wallets have no limits themselves. There are limits inherent in the blockchain of most coins, but wallet-software has no control over that.

o_e_l_e_o

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Quote from: designbuyers on April 12, 2021, 03:14:19 PM

I understand a hardware wallet is a good option but I would rather use normal online wallets, with cold storage would be an extra for security, If the wallet support mBtc (millibitcoin), satoshi, Bits, or Microbitcoins (μBTC) and give you your private and public keys then I will be okay with that.

Trusting a complete stranger with complete control over all your money like you do with online wallets is not "normal". "Normal" is setting up your own wallet and holding your own private keys. Even if the online wallet you choose lets you see your private keys, there is absolutely no way for you to know whether or not other people also have access to those private keys. You private keys are never really private with an online wallet.

Any wallet which can hold bitcoin can hold fractions of a bitcoin. It might not have the option as display it as satoshi or bits rather than 0.00000XXX of a bitcoin, but it will still allow you to receive, hold, transact, and spend such quantities.

Charles-Tim

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Quote from: designbuyers on April 12, 2021, 01:12:57 PM

Looking for Bitcoin and Altcoins Cryptocurrency wallet that can be trusted and give you your private and public keys and can hold amounts less than cents, Like supporting mBtc (millibitcoin), satoshi, Bits or Microbitcoins (μBTC), and it will be safe to keep the altcoins for longtime,

Just in addition. So far you use a reputed noncustodial wallet, you will not be able to transact less than 547 satoshi as hosseinimr93 commented, although there are possibilities of using a fee of 1 sat/vbyte which is not practicable recently due to mempool that is not less congested as before. So, do not just have it in mind that you will be able to spend 0.000001 BTC, it is not possible for now, maybe it will be possible in the future when bitcoin price has increased more.

Hardware wallet and having wallet on airgapped devices are useful for two things. The first is for high amount of bitcoin, and the second for long term storage. These is as a result of the private key that is offline, and not connected online which makes it safer, unlike online wallets.

designbuyers

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Quote from: DireWolfM14 on April 12, 2021, 01:34:31 PM

The least complicated solution for you is likely a hardware wallet. I recommend one of Trezor's models, and Ledger makes a very good one as well. The Ledger models are probably a bit more user-friendly.

There are several answers to your question, but they tend to get complex. Honestly, since you're asking the question those other solutions might be too technical for you. For example; you can use a single Bip39 seed-phrase to store multiple currencies, and you can generate one for free using various tools that are available. However, keeping the coins secure with that type of set-up requires a lot of care and understanding on your part.

a hardware wallet is a good option but I would rather use normal online wallets with cold storage would be an extra,
If the wallet support mBtc (millibitcoin), satoshi, Bits, or Microbitcoins (μBTC) and give you your private and public keys then I will be okay with that.

Quote from: hosseinimr93 on April 12, 2021, 01:58:23 PM

Quote from: designbuyers on April 12, 2021, 01:12:57 PM

Satoshi = 0.00000001 BTC

You can't find a wallet being able to receive 1 satoshi. Nodes don't allow that.

The minimum amount of bitcoin you can send is 547 satoshi.
Any transaction including outputs worth less than 547 satoshi is considered dust and is rejected by nodes.
The purpose of this limitation is to prevent attackers from spamming the network.

Well, yes, I would be okay if that known limitation, as long they explain it, If the wallet support mBtc (millibitcoin), satoshi, Bits, or Microbitcoins (μBTC) and give you your private and public keys then I will be okay with that.

Quote from: o_e_l_e_o on April 12, 2021, 02:08:32 PM

I would agree with DireWolf. If you are looking to safely store bitcoin and a variety of altcoins for a long period of time, then a reputable hardware wallet is going to be the most straightforward option. The only other option of a comparable level of security is an air-gapped cold storage set up

I understand a hardware wallet is a good option but I would rather use normal online wallets, with cold storage would be an extra for security, If the wallet support mBtc (millibitcoin), satoshi, Bits, or Microbitcoins (μBTC) and give you your private and public keys then I will be okay with that.

o_e_l_e_o

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I would agree with DireWolf. If you are looking to safely store bitcoin and a variety of altcoins for a long period of time, then a reputable hardware wallet is going to be the most straightforward option. The only other option of a comparable level of security is an airgapped cold storage set up, but this becomes unwieldy if you need to use multiple different pieces of software for multiple different coins, and depending on which altcoins you want to hold might not be possible at all. It is also far harder to set up and far easier to go wrong with if you are not technically minded.

Picking a closed source multi-coin software wallet is a bad idea, and I would avoid doing this if you can.

hosseinimr93

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Quote from: designbuyers on April 12, 2021, 01:12:57 PM

Satoshi = 0.00000001 BTC

You can't find a wallet being able to receive 1 satoshi. Nodes don't allow that.

The minimum amount of bitcoin you can send is 547 satoshi.
Any transaction including outputs worth less than 547 satoshi is considered as dust and is rejected by nodes.
The purpose of this limitation is to prevent attackers from spamming the network.

DireWolfM14

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Activity: 2338

Merit: 4543

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The least complicated solution for you is likely a hardware wallet. I recommend one of Trezor's models, and Ledger makes a very good one as well. The Ledger models are probably a bit more user-friendly.

There are several answers to your question, but they tend to get complex. Honestly, since you're asking the question those other solutions might be too technical for you. For example; you can use a single Bip39 seed-phrase to store multiple currencies, and you can generate one for free using various tools that are available. However, keeping the coins secure with that type of set-up requires a lot of care and understanding on your part.

designbuyers

sr. member

Activity: 325

Merit: 253

Looking for Bitcoin and Altcoins Cryptocurrency wallet that can be trusted and give you your private and public keys and can hold amounts less than cents, Like supporting mBtc (millibitcoin), satoshi, Bits or Microbitcoins (μBTC), and it will be safe to keep the altcoins for longtime,

BTC = 1 Whole Bitcoin
mBTC (millibitcoin) = 0.001 BTC
uBTC, Bits, Microbitcoins (μBTC) = 0.000001 BTC
Satoshi = 0.00000001 BTC

If the wallet support only bitcoin and have support for smaller amounts with > mBtc (millibitcoin), satoshi, Bits, or Microbitcoins (μBTC) and give you your private and public keys then I will be okay with that.

with cold storage would be an extra for security would be good, if not then Ok.

Topic: Bitcoin BTC, mBTC, μBTC, Satoshi & Altcoins Wallet that can be trusted (Read 148 times)