Bitcoin Storage - Newbie Question | Bitcointalksearch.org

Domino

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Quote from: ranochigo on December 31, 2014, 08:17:42 AM

Quote from: sgk on December 31, 2014, 07:51:34 AM

Quote from: BTCXE on December 31, 2014, 06:12:10 AM

Quote from: sgk on December 31, 2014, 06:05:33 AM

Quote from: BTCXE on November 13, 2014, 10:26:16 AM

Hello bitcoin sages,

Could you please tell me: Is there a way to store bitcoin on a laptop/ usb drive / mobile without needing a lot of HDD / SD card space ?

I need a wallet / solution file that would not take up space, yet be accessible at (a fairly) short notice

Much love

Then you should avoid BitcoinQT (core wallet) and try MultiBit (multibit.org). It takes only a few seconds to sync and use.

Why ? Does BitcoinQT require to DL the blockchain ?

Yes, BitcoinQT downloads the whole blockchain data, which is usually several GB.

MultiBit is a 'lite' client which downloads most recent block info, but is equally good & secure for most users.

Incorrect, Multibit is a SPV client which downloads the header of every block. SPV clients trust miners to enforce the network rules, full-chain client does not trust miner this way. Bitcoin Core is currently near 27 GB, headers-first synchronization should cut down the initial sync time in the next stable release (v0.10).

The bitcoin core developers are also working hard to make an "autoprune" feature in it to allow you to run it with a small space usage, though it can't be made in version 0.10.
https://github.com/bitcoin/bitcoin/pull/4701

sgk

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!! HODL !!

Quote from: ranochigo on December 31, 2014, 08:17:42 AM

Quote from: sgk on December 31, 2014, 07:51:34 AM

MultiBit is a 'lite' client which downloads most recent block info, but is equally good & secure for most users.

Incorrect, Multibit is a SPV client which downloads the header of every block. SPV clients trust miners to enforce the network rules, full-chain client does not trust miner this way. Bitcoin Core is currently near 27 GB, headers-first synchronization should cut down the initial sync time in the next stable release (v0.10).

Thanks for correcting, I didn't know that.

And nice to know the next release of core wallet will cut down on initial sync time.

ranochigo

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Crypto Swap Exchange

Quote from: sgk on December 31, 2014, 07:51:34 AM

Quote from: BTCXE on December 31, 2014, 06:12:10 AM

Quote from: sgk on December 31, 2014, 06:05:33 AM

Quote from: BTCXE on November 13, 2014, 10:26:16 AM

Hello bitcoin sages,

Could you please tell me: Is there a way to store bitcoin on a laptop/ usb drive / mobile without needing a lot of HDD / SD card space ?

I need a wallet / solution file that would not take up space, yet be accessible at (a fairly) short notice

Much love

Then you should avoid BitcoinQT (core wallet) and try MultiBit (multibit.org). It takes only a few seconds to sync and use.

Why ? Does BitcoinQT require to DL the blockchain ?

Yes, BitcoinQT downloads the whole blockchain data, which is usually several GB.

MultiBit is a 'lite' client which downloads most recent block info, but is equally good & secure for most users.

Incorrect, Multibit is a SPV client which downloads the header of every block. SPV clients trust miners to enforce the network rules, full-chain client does not trust miner this way. Bitcoin Core is currently near 27 GB, headers-first synchronization should cut down the initial sync time in the next stable release (v0.10).

sgk

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Activity: 1470

Merit: 1002

!! HODL !!

Quote from: BTCXE on December 31, 2014, 06:12:10 AM

Quote from: sgk on December 31, 2014, 06:05:33 AM

Quote from: BTCXE on November 13, 2014, 10:26:16 AM

Hello bitcoin sages,

Could you please tell me: Is there a way to store bitcoin on a laptop/ usb drive / mobile without needing a lot of HDD / SD card space ?

I need a wallet / solution file that would not take up space, yet be accessible at (a fairly) short notice

Much love

Then you should avoid BitcoinQT (core wallet) and try MultiBit (multibit.org). It takes only a few seconds to sync and use.

Why ? Does BitcoinQT require to DL the blockchain ?

Yes, BitcoinQT downloads the whole blockchain data, which is usually several GB.

MultiBit is a 'lite' client which downloads most recent block info, but is equally good & secure for most users.

LOBSTER

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Activity: 560

Merit: 500

Quote from: BTCXE on December 31, 2014, 06:12:10 AM

Quote from: sgk on December 31, 2014, 06:05:33 AM

Quote from: BTCXE on November 13, 2014, 10:26:16 AM

Hello bitcoin sages,

Could you please tell me: Is there a way to store bitcoin on a laptop/ usb drive / mobile without needing a lot of HDD / SD card space ?

I need a wallet / solution file that would not take up space, yet be accessible at (a fairly) short notice

Much love

Then you should avoid BitcoinQT (core wallet) and try MultiBit (multibit.org). It takes only a few seconds to sync and use.

Why ? Does BitcoinQT require to DL the blockchain ?

The QT is decentralized, a wallet like Electrum communicates with centralized servers.

Amph

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Quote from: BTCXE on December 31, 2014, 06:12:10 AM

Quote from: sgk on December 31, 2014, 06:05:33 AM

Quote from: BTCXE on November 13, 2014, 10:26:16 AM

Hello bitcoin sages,

Could you please tell me: Is there a way to store bitcoin on a laptop/ usb drive / mobile without needing a lot of HDD / SD card space ?

I need a wallet / solution file that would not take up space, yet be accessible at (a fairly) short notice

Much love

Then you should avoid BitcoinQT (core wallet) and try MultiBit (multibit.org). It takes only a few seconds to sync and use.

Why ? Does BitcoinQT require to DL the blockchain ?

yeah, but you can download it one time , and you are good to go

BTCXE

member

Activity: 69

Merit: 10

Quote from: sgk on December 31, 2014, 06:05:33 AM

Quote from: BTCXE on November 13, 2014, 10:26:16 AM

Hello bitcoin sages,

Could you please tell me: Is there a way to store bitcoin on a laptop/ usb drive / mobile without needing a lot of HDD / SD card space ?

I need a wallet / solution file that would not take up space, yet be accessible at (a fairly) short notice

Much love

Then you should avoid BitcoinQT (core wallet) and try MultiBit (multibit.org). It takes only a few seconds to sync and use.

Why ? Does BitcoinQT require to DL the blockchain ?

sgk

legendary

Activity: 1470

Merit: 1002

!! HODL !!

Quote from: BTCXE on November 13, 2014, 10:26:16 AM

Hello bitcoin sages,

Could you please tell me: Is there a way to store bitcoin on a laptop/ usb drive / mobile without needing a lot of HDD / SD card space ?

I need a wallet / solution file that would not take up space, yet be accessible at (a fairly) short notice

Much love

Then you should avoid BitcoinQT (core wallet) and try MultiBit (multibit.org). It takes only a few seconds to sync and use.

BTCXE

member

Activity: 69

Merit: 10

Thanks for all the answers guys. On a side note, I found Electrum to be a sweet service so I went with that

tonic208

newbie

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My votes for Electrum. Keep a cold storage with the majority of your BTC in it. Have whatever you are willing to trade on exchanges, or buy things with in a hot wallet.

LewiesMan

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electrum or armory!

yenzae0215

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i suggest to use Electrum

https://electrum.org/

LOBSTER

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Maybe generate a seed you can use on many devices. This will help you.

ChuckBuck

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better everyday ♥

Quote from: BTCXE on November 15, 2014, 04:45:08 AM

Quote from: Demille on November 14, 2014, 01:21:06 PM

A light wallet is the way to go. Bitcoin qt is a ballache waiting for it to synch. You could also try Paper wallets but I don't trust them myself (or should I say I dont trust myself to create them 100% securely).

can u recommend any good physical wallets ?

Best physical wallet is to make a paper wallet then lock it in a safe deposit box or home safe:

https://www.bitaddress.org

https://bitcoinpaperwallet.com/

If you'd like a hardware wallet, then Trezor is the way to go:

https://www.bitcointrezor.com/

picolo

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Quote from: leesin on November 15, 2014, 05:34:06 PM

I prefer two storages, one on a desktop wallet, and the other to my cold wallet for safe keeping eventually to be bigger then my desktop wallet balance.

I agree with you, everyone having an important amount of bitcoins (for some it's 1BTC for others 100) should keep a large portion of it in cold store.

Cold storage can simply be a paper wallet that has been created off-line.

leesin

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#feelthebern

I prefer two storages, one on a desktop wallet, and the other to my cold wallet for safe keeping eventually to be bigger then my desktop wallet balance.

Stedsm

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Quote from: ?? on ??

Hello, What is the best online shopping sites accepting bitcoin payment ?

I think you've asked already and I have answered!

BTCXE

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Quote from: Demille on November 14, 2014, 01:21:06 PM

A light wallet is the way to go. Bitcoin qt is a ballache waiting for it to synch. You could also try Paper wallets but I don't trust them myself (or should I say I dont trust myself to create them 100% securely).

can u recommend any good physical wallets ?

KIRAZ

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Electrum or multibit never got into Armory though but it's most secure out there.

kimosan

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Throwing in my vote for Electrum or Armory. Both of them work great.

Topic: Bitcoin Storage - Newbie Question (Read 2679 times)