Topic: Bitcoin Wallet - page 3. (Read 9756 times)

I use the purse blockchain.info, a very simple and convenient wallet, as well as an application Blockchain on the smartphone. I is very convenient to make transactions through the mobile application, since the smartphone is always at hand.

In our country mobile bitcoin wallet is very popular, we are currently using coins.ph
It gives us access specially when I'm making online transactions or buying load for my mobile phone.

I always use a smartphone, for bitcoin wallet because it is a lot of bitcoin exchange applications on a smartphone and can be done anytime easily

There are a lot of different types of Bitcoin Wallet that are recommended to be used in bitcoin, now it is up to you what wallet you would prefer among the others. But first, what is a Bitcoin Wallet?

Bitcoin wallets contain private keys; secret codes that allow you to spend your bitcoins. In reality, it’s not bitcoins that need to be stored and secured, but the private keys that give you access to them. In short: A Bitcoin wallet is simply an app, website, or device that manages Bitcoin private keys for you.
 
Now, here are some types of Bitcoin Wallet and the recommended wallets under these types:

1. HARDWARE WALLET
A hardware wallet is a physical electronic device, built for the sole purpose of securing bitcoins. The core innovation is that the hardware wallet must be connected to your computer, phone, or tablet before bitcoins may be spent. The three most popular and best Bitcoin hardware wallets are: Ledger Nano S, KeepKey, Trezor. Hardware wallets are a good choice if you’re serious about security and convenient, reliable Bitcoin storage.Bitcoin hardware wallets keep private keys separate from vulnerable, internet-connected devices. Your all-important private keys are maintained in a secure offline environment on the hardware wallet, fully protected even should the device be plugged into a malware-infected computer. Hardware wallets are secure, offline devices. They store your private keys offline so they can't be hacked. This means you can even use one on a malware infected computer. Hardware wallets aren't free. But the price can be worth it if you own a significant amount of bitcoins. A hardware wallet will protect a few hundred in Bitcoin just as effectively as a few million.

• Ledger Nano S 
The Ledger Nano S is the cheapest of the three hardware wallets with a screen; it costs about $65. Ledger, one of the most well-known Bitcoin security companies, released the device in August 2016.

• TREZOR
TREZOR launched in August 2014 as the first Bitcoin hardware wallet, offering secure bitcoin storage plus the ability to spend with the convenience of a hot wallet. TREZOR is a small, thumb-sized device.

•KeepKey
KeepKey was released in September 2015 and was the second hardware Bitcoin wallet to offer a screen. The KeepKey's larger screen gives it some extra security features that the Nano S and Trezor lack.

•Ledger HW.1
The Ledger HW.1 can be considered a budget hardware wallet. It doesn't have a screen, so it isn't quite as secure as the three options mentioned above. It will, however, give you more security than a hot wallet.

2. HOT WALLETS
Hot wallets are Bitcoin wallets that run on internet connected devices like a computer, mobile phone, or tablet. As hot wallets generate private keys on an internet connected device, these private keys can’t be considered 100% secure.

3. Online Bitcoin Wallets (Web Wallets)
Web wallets store your private keys online, where they are encrypted with a user-selected password. Although they offer the lowest level of security, online bitcoin wallets have the advantage of being accessible from any internet connected device.

•GreenAddress
GreenAddress is a multi-signature Bitcoin wallet available on the web, desktop, Android, and iOS. GreenAddress is compatible with hardware wallets like TREZOR, Ledger Nano, and the HW.1. “Multi-signature” in this context means that the site requires a manual confirmation from you for your coins to be moved; this greatly improves security.

4. Android Bitcoin Wallets
There is a large selection of Android wallets. Since Bitcoin wallets were originally banned by Apple, developers spent much of their time developing for Android.

•Mycelium
Mycelium is the most popular Bitcoin wallet on Android. It's very easy to use for sending and receiving payments. Backing up your wallet is also simple, since Mycelium makes it very clear with setup and backup instructions.

•breadwallet
breadwallet, the great iPhone Bitcoin wallet, recently released an Android wallet. It offers the user control of private keys, an easy to use interface, and passcode support.

•Copay
The Copay Bitcoin wallet is also available for Android. It's easy to use and offers many advanced features that offer great flexibility.

•Airbitz
Airbitz is an easy to use Bitcoin wallet for iPhone and Android. Its familiar login feature makes using the app a breeze for people new to bitcoin. The wallet also creates automatic backups, so you don't have to worry about the technicalities of performing manual wallet backups.

•GreenBits
GreenBits is the native Android version of GreenAddress. It’s a multi-signature wallet that also supports hardware wallets like TREZOR and Ledger.

•Bitcoin Wallet
Bitcoin Wallet, or “Schildbach Wallet”, was the first mobile Bitcoin wallet. Bitcoin Wallet is more secure than most mobile Bitcoin wallets, because it connects directly to the Bitcoin network. Bitcoin Wallet has a simple interface and just the right amount of features, making it a great wallet and a great educational tool for Bitcoin beginners.

5. iOS and iPhone Bitcoin Wallets
Apple banned Bitcoin wallets from the App Store in February 2014, but reversed its decision a few months later. Luckily, there are now plenty of options for iOS users.

•breadwallet
We consider breadwallet, along with Copay (below), as the best bitcoin wallet for iPhone. It’s open source and gives the user full control over their private keys. It also has a clean interface which makes the sending and receiving of bitcoins a pleasurable and super-simple process.

•Copay
Copay Bitcoin wallet is BitPay's open source wallet. It can be used across multiple devices, since Copay is available for Android, Windows Phone, iOS, and all desktop platforms. Among many other great features, it's easy to create multiple accounts so you can have separate wallets for your business and personal funds.

•Airbitz
Airbitz is an easy to use Bitcoin wallet for iPhone and Android. Its familiar login feature makes using the app a breeze for people new to bitcoin. The wallet also creates automatic backups, so you don't have to worry about the technicalities of performing manual wallet backups.

6. Desktop Wallets
Desktop wallets are downloaded and installed on your computer. If privacy is your main concern, the Bitcoin core wallet is a good option since it does not rely on third parties for data.

•Electrum
Electrum is a light weight Bitcoin wallet for Mac, Linux, and Windows. Electrum was created in November 2011. The main features of Electrum are: support for hardware wallets (such as TREZOR, Ledger Nano and KeepKey), and secure Bitcoin storage using an offline computer. Electrum is a good option for both beginners and advanced users.

•Copay
Last, but not least, Copay is also available on desktop. Its desktop app gives you the ability to manage your hardware wallets, along with all of the other features mentioned above.

As for me, I'm currently using Coins.ph because I am based in the Philippines and so far it is the best, most trusted and easiest Bitcoin Wallet that I can access. Each wallet has pros and cons, and different wallets are built to solve different problems. Some wallets may be geared towards security, while some wallets may be more focused on privacy. Your specific needs should determine the wallet you use, as there is no “best bitcoin wallet”.

p.s
I'm acknowledging the source/sources where I got these informations even though there won't be any citations. Thank you!

I have no idea which wallet is most used, but it would probably be a desktop wallet like electrum. Both electrum and Bitcoin core is widely used. Moreover, other wallets like online wallets are also widely used, Mainly for convenience. However, in truth, such a wallet is not known for its security. If you are looking for a good wallet, I would suggest that you use electrum. Electrum is an amazing option. Unlike Bitcoin core, you don’t need to dedicate your entire desktop space for your wallet. It is a secure option that is widely utilised by many people. I use it myself and I would completely endorse it.

That doesn't matter whether it has phone and desktop access what matter is security of you wallet and ease of access to your personal life. Wallets are important because they hold your money and they are very important when they hold very big amount of money.

I'm always using wallets for which I hold the private keys, without private keys no one can access the wallet and not even the service provider. This reduces the risk of loosing your money due to idiotic hackers and Trojans obviously. They are every where and security is first concern that must be checked while choosing the wallet, and not the phone app or desktop app.

I have a Ledger Nano S and have been happy with it so far. It was super user friendly to set up and user friendly during the fork.

I bought it in the first place because it was well-endorsed and it has worked well for me so far.

But as has been said before, and will be said, again and again:

MAKE SURE YOU BACKUP AND SECURE YOUR RECOVERY PHRASE

With the Ledger Nano S you cannot miss this. It is the piece of paper that says, fittingly, Recovery Phrase.

Having this is the most important thing. If you lose or break your Ledger Nano S then you just get a new one and use the recovery phrase.

So make sure you store the paper with the recovery phrase on it in a safe place (or better yet, make a second copy and store that elsewhere too).

Yeah syncing is nice to have. But it is also super unsecure. This means that hackers can hack your account especially if you use the same passwords over and over again. Second thing to worry about is that you do not control the private keys of your wallet, hence there is chance your online wallet is the one that got hacked and gets the private keys of their wallets hence your account is at risk.

For dealing with coins and for their storage yes electrum is one of the favorable wallet recommended so far. It is quite easy and make your saving safe. Good thing is not complicated at all. And yes there is another wallet for safe and secure storage, trezor, after a friend's suggestion, I start using it. So far so good.

I did notice most of the people here are using only one wallet at a time. But my strong recommendation will be, store your bitcoins in more than one wallet. It is applicable to both web wallet and stand-alone wallet users too.

Online wallet because it have a desktop and a phone wallet and it is efficient to use because you will just need to connect to the internet and after that you will access you bitcoin wallet. But for me in terms of category I will choose the phone because it is the one that I am always using because it is more convenient for me.

I didn't get it. What do you mean? the best of each, or what do I prefer - mobile or desktop?
Well, I dont know much about btc wallets coz coins.ph is the only wallet I use. It's the most used and trusted here in the philippines. You can download the app in mobile and access the site via desktop as well.

I also used different wallets for storage. We know that there is a particular wallet which is asked in campaigns. For example is waves and eth, different wallets for certain purposes. But I have a main wallet where most of my income is stored and this is where I mostly withdraw funds when I needed money. A friend recommend other wallets for safer keeping of money or bitcoin.

i think the ledger nano s is the best ,i have been used it for almost two years ,never lost any bitcoin ,and  it can use litcoin ,zcash ,eth  and so on . buy one ,keep your coins in your hard wallet.

For me, I used both an online service Blockchain.info and Offline wallet called Trezor wallet.

Definitely electrum is the one for me.
Been using this and so far I didn't get any problems using this.
You can also try coinomi as mobile wallet, its a multi signature wallet. This is a must try.

I think I have read one user here who said multibit will be losing its support for I dont know where.
But he had transferred his private keys to electrum now.
I prefer Electrum with android and windows supported. It makes everything convenient and I feel more safer there.

I like mobile cause it all time near with me but not desktop.

What I used now was Electrum you can download it into your desktop and also in android phone. We also have multibit. hd is one of the good one also. Here is the link of the best bitcoin wallet which you can use it http://atozforex.com/news/top-10-bitcoin-wallets-2017/

I think it depends upon the person to person that what are the requirements he has .
Here my most of friends like the desktop version of the blockchain and also they like to use Bitcoin core because they can send multiple address at once selection easily , so they like much than any other wallet .
Beside of these wallets I like the mobile app version of the blockchain app and usually use for the transaction where I need to send the Bitcoin with very low fee ( custom fee option ) .
I am asking using the mysellium wallet which have the quality of the import and export and easily create new address , so mostly I am using for normal transaction ( for professional purpose ) is mysellium .

Me i used multiple bitcoin wallet to received my income in multiple earning method here in bitcoin byt i have 1 bitcoin wallet which i used to store my bitcoin and used to spend in buying things and foods. All wallet has different transaction fees you can choose the smallest fee to make buy and sell of bitcoin.