Pages:
Author

Topic: bitcoin wallet (Read 375 times)

legendary
Activity: 994
Merit: 1089
November 11, 2023, 01:48:17 PM
#27
Another wallet recommendation option is Unstoppable Wallet, which has more features and seems safe for all users based on member reviews in this forum. I haven't used this wallet myself yet, but I might consider it if I become interested in adopting altcoins... as of now, I only hold BTC in my cryptocurrency portfolio, while my BNB altcoins are still in my Binance exchange wallet.
Unstoppable wallet is an open source multi-coin wallet, and since closed source multi-coin wallets like trust wallet is not recommended, Unstoppable wallet may be a good choice for people who hold shitcoins. But it may be worth mentioning for people who do not know, that there are enough recommended BTC-only wallets and there is no need to store your BTC's in a multi coin wallet with your shitcoins, use BTC-only wallets like Electrum, BlueWallet or Sparrow for your BTC's and maybe Unstoppable wallet for your shitcoins.
hero member
Activity: 1470
Merit: 558
dont be greedy
November 11, 2023, 07:58:15 AM
#26
I use Blue Wallet, and it has a very user friendly UI for me. This wallet also has positive reviews from Bitcointalk members, so it might be a good fit for my Android to use Bitcoin when I'm not in front of my computer. I only keep a small balance in this wallet because my Android is frequently exposed to the internet.

Another wallet recommendation option is Unstoppable Wallet, which has more features and seems safe for all users based on member reviews in this forum. I haven't used this wallet myself yet, but I might consider it if I become interested in adopting altcoins... as of now, I only hold BTC in my cryptocurrency portfolio, while my BNB altcoins are still in my Binance exchange wallet.

Remember to download the app from the Play Store or the official website to avoid downloading the wrong wallet application. Be cautious of fake apps that circulate on telegram and untrustworthy blogs.
legendary
Activity: 2730
Merit: 7065
November 07, 2023, 11:38:45 AM
#25
You are right here but in most cases other than bitcoin, we do not have many choices to install the wallet on the computer. For example, one of the trusted wallet for storing bitcoin / Altcoins is Unstoppable Wallet and it does not have a desktop version. Also, another popular but closed source wallet is Trust Wallet and it also does not have any desktop app.
Trust Wallet doesn't have a desktop app, but it does have a Chrome browser extension for those who want to use it on their computers. You are right about Unstoppable Wallet, though.

So, if the phones were so vulnerable, these wallet developers should also focus on developing the desktop versions too  Roll Eyes
They are vulnerable if used in ways that could make them vulnerable, and modern smartphones offer that, unfortunately. I mentioned some of the ways in my previous post. They are not vulnerable by default. A desktop computer can be equally vulnerable if the person sitting in front of it has the wrong online habits.   
sr. member
Activity: 588
Merit: 438
Forum Only For Fun
November 07, 2023, 05:58:36 AM
#24
Well, if the Andriod devices are not safe to install the bitcoin wallet, the laptops / Desktop aren't safe too. Any device which is connected to the Internet increase the chances of getting vulnerable to malwares / hacks etc.

We have to make exceptions too in that context. I don't want to equate all devices that will have dangerous wallets installed.

Even though computer and mobile devices where the wallet application is installed have a feature that functions to on/off the internet connection, in the same case both types of devices are also vulnerable to malware as long as they are used incorrectly.
Ideally, a computer or laptop device has advantages in terms of installing a wallet compared to mobile devices which have limitations. CMIIW
legendary
Activity: 994
Merit: 1089
November 06, 2023, 03:06:45 PM
#23
You are right here but in most cases other than bitcoin, we do not have many choices to install the wallet on the computer. For example, one of the trusted wallet for storing bitcoin / Altcoins is Unstoppable Wallet and it does not have a desktop version. Also, another popular but closed source wallet is Trust Wallet and it also does not have any desktop app.
You can use a mobile phone in a safe enviroment, it is just easier to do with a PC because of the way it is designed, just as it is easy to convert a PC into an airgapped device, but very difficult, and to some even impossible for a mobile phone to be completely airgapped.

It is worth mentioning that you should not store your BTC's in the same wallet as your shitcoins, store your BTC's in BTC-only wallets that have desktop versions and use any wallet you think is okay for your shitcoins, that is the way to do it.
sr. member
Activity: 1022
Merit: 280
November 06, 2023, 02:21:34 PM
#22
Well, if the Andriod devices are not safe to install the bitcoin wallet, the laptops / Desktop aren't safe too. Any device which is connected to the Internet increase the chances of getting vulnerable to malwares / hacks etc.
I think smartphones are a bigger threat than PCs and laptops. People are less careful when they are on their phone. And they rarely use anti-virus or anti-malware software, ad blockers, etc., on the phone. Malicious links and spam spread through social media. The easy access to mobile apps is another potential problem. Most people download and install various apps and games without thinking about the consequences. There is now an app for almost everything you do online, and people use them rather than opening the browser and visiting the websites. The permissions you give these apps are worrying.   

You are right here but in most cases other than bitcoin, we do not have many choices to install the wallet on the computer. For example, one of the trusted wallet for storing bitcoin / Altcoins is Unstoppable Wallet and it does not have a desktop version. Also, another popular but closed source wallet is Trust Wallet and it also does not have any desktop app.

So, if the phones were so vulnerable, these wallet developers should also focus on developing the desktop versions too  Roll Eyes
legendary
Activity: 2730
Merit: 7065
November 06, 2023, 11:36:27 AM
#21
Well, if the Andriod devices are not safe to install the bitcoin wallet, the laptops / Desktop aren't safe too. Any device which is connected to the Internet increase the chances of getting vulnerable to malwares / hacks etc.
I think smartphones are a bigger threat than PCs and laptops. People are less careful when they are on their phone. And they rarely use anti-virus or anti-malware software, ad blockers, etc., on the phone. Malicious links and spam spread through social media. The easy access to mobile apps is another potential problem. Most people download and install various apps and games without thinking about the consequences. There is now an app for almost everything you do online, and people use them rather than opening the browser and visiting the websites. The permissions you give these apps are worrying.   
legendary
Activity: 3136
Merit: 1172
Leading Crypto Sports Betting & Casino Platform
November 06, 2023, 07:31:47 AM
#20
You are right. This reason made me say that storing large amounts of bitcoin assets in a wallet like Bluwallet and a number of other wallet choices that have a good reputation are a problem that must be carefully thought out.
Because OP said that he could not operate a PC smoothly only able to use the smartphone well, the attention of the vulnerability of the installed device was worthy of attention related to the security.

Well, if the Andriod devices are not safe to install the bitcoin wallet, the laptops / Desktop aren't safe too. Any device which is connected to the Internet increase the chances of getting vulnerable to malwares / hacks etc.

The large amount of bitcoin should always be stored on the hardware wallet or on the Air gapped devices (for those who are techy and understand how to setup and operate).

You should only use wallets like Electrum or blue wallet only for the purpose of storing small amounts of bitcoins that you want to transact with. The right place to store the majority of your long term savings are the hardware wallets.
sr. member
Activity: 588
Merit: 438
Forum Only For Fun
November 06, 2023, 04:21:24 AM
#19
There is nothing inherently wrong with BlueWallet per se. It is in fact one of the most reputable and reviewed pieces of Bitcoin software in the space.

Correct. There is nothing wrong with the bluewallet itself. The problem lies in the installed device Bluewallet.

It's the rationale; smartphones are the worst devices to trust with your bitcoin. There are too many things to account for when it comes to security implications; the integrity of the OS, the apps running in the background etc. It's generally the exact opposite of an air-gapped device; can practically connect to any network at any time. 

You are right. This reason made me say that storing large amounts of bitcoin assets in a wallet like Bluwallet and a number of other wallet choices that have a good reputation are a problem that must be carefully thought out.
Because OP said that he could not operate a PC smoothly only able to use the smartphone well, the attention of the vulnerability of the installed device was worthy of attention related to the security.
hero member
Activity: 406
Merit: 443
November 06, 2023, 03:51:09 AM
#18
In addition to Blue wallet, which offers a great GUI in addition to the ease of creating Bitcoin addresses, there is a good option, which is https://samouraiwallet.com. The wallet is good and has various privacy options, you can try it.

Be careful of phishing links. In any wallet mentioned now, click on the Google Play link from the site and make sure that it has a sufficient number of downloads and reviews. If you do not know how to check the signatures.
hero member
Activity: 3024
Merit: 745
Top Crypto Casino
November 05, 2023, 06:17:28 PM
#17
@hollowdoor, you've got a very welcoming thread about what you must do and what wallet you must choose since you're into mobile wallet. It's a good start that you've asked that and please only go through the official links that were given to you and before doing so, always verify them if they're the official ones although the given ones on this thread were all official. I'm saying this because usually a person that's searching for a mobile wallet would go either to Google search engine or playstore and then search with the keywords not specifying the wallet they're downloading. In the end, they fall to a wrong wallet, a phishing wallet and that's going to discourage you. That's why it's nice that you've asked and always learn to verify sources starting from the link and its characters/letters before downloading. And I wish that this is just the start and soon you'll upgrade into PC/desktop and will have your own hardware wallet too.
legendary
Activity: 1512
Merit: 7340
Farewell, Leo
November 05, 2023, 09:22:16 AM
#16
In my opinion, the weakness of the bluewallet wallet is that it is not a wallet for storing large amounts of assets in the long term.
There is nothing inherently wrong with BlueWallet per se. It is in fact one of the most reputable and reviewed pieces of Bitcoin software in the space. It's the rationale; smartphones are the worst devices to trust with your bitcoin. There are too many things to account for when it comes to security implications; the integrity of the OS, the apps running in the background etc. It's generally the exact opposite of an air-gapped device; can practically connect to any network at any time. 

@hollowdoor, if you're going to buy a decent amount of bitcoin, please take care of your security. There are numerous instances where individuals have lost their coins due to software exploits.
legendary
Activity: 2380
Merit: 5213
November 05, 2023, 09:05:23 AM
#15
I agree that kind of messed up with the freezing address as coin control but I am sure that you can customize your fee in Android Electrum.
Unlike the desktop version of electrum, you can't set the fee rate to any amount you want in the Android version.

If you use statistic method when setting the fee rate, electrum allows you to set the fee rate to 1, 2, 5, 10, 20, 30, 50, .... sat/vbyte.
There are also mempool and ETA methods in which electrum gives you estimations for the fee rate.
hero member
Activity: 2366
Merit: 793
Bitcoin = Financial freedom
November 05, 2023, 08:30:13 AM
#14
I'm not wrong, the android version of Electrum lacks a lot of features that is present in the desktop version, coin control and fee customization is available on the desktop version of Electrum, but not on mobile and you can confirm that yourself if you use Electrum on mobile.
I agree that kind of messed up with the freezing address as coin control but I am sure that you can customize your fee in Android Electrum.
Also, it seems that now sign-in message is also available now but I am not aware of it or can't find it in my updated android too so probably it's still not updated on Play Store but the sign-in feature on the electrum android has been implemented recently.
No, it has not been implemented, you cannot sign a message in the android version of Electrum, you can only do that on desktop.
I saw that the request was marked as closed and since I was on my mobile I wasn't able to grasp the entire thread but now I see that it just led to another request which opened for the same request.
legendary
Activity: 994
Merit: 1089
November 05, 2023, 05:57:17 AM
#13
though Electrum on mobile lacks some very good features like coin control, customizing fees, signing a message, etc.
You are wrong, I don't know where you get this statement but coin control and fee customization is available on Electrum for a very long time.
I'm not wrong, the android version of Electrum lacks a lot of features that is present in the desktop version, coin control and fee customization is available on the desktop version of Electrum, but not on mobile and you can confirm that yourself if you use Electrum on mobile.
No, that is a 'feature request'. If you read this link you posted above, you will see that the person was asking when coin control feature would be added to the android version of Electrum, because they enjoy using it in the desktop version.
Also, it seems that now sign-in message is also available now but I am not aware of it or can't find it in my updated android too so probably it's still not updated on Play Store but the sign-in feature on the electrum android has been implemented recently.
No, it has not been implemented, you cannot sign a message in the android version of Electrum, you can only do that on desktop.
legendary
Activity: 2380
Merit: 5213
November 05, 2023, 05:17:15 AM
#12
You are wrong, I don't know where you get this statement but coin control and fee customization is available on Electrum for a very long time.
Z-tight is right.
There is no coin control in the android version of electrum.
In the android version, we have address freezing, but that's different from coin control.

Sign/verify message is also available only on the desktop version of electrum.
hero member
Activity: 2366
Merit: 793
Bitcoin = Financial freedom
November 05, 2023, 05:08:24 AM
#11
though Electrum on mobile lacks some very good features like coin control, customizing fees, signing a message, etc.

You are wrong, I don't know where you get this statement but coin control and fee customization is available on Electrum for a very long time.

Coin control android : https://github.com/spesmilo/electrum/issues/5661

Also, it seems that now sign-in message is also available now but I am not aware of it or can't find it in my updated android too so probably it's still not updated on Play Store but the sign-in feature on the electrum android has been implemented recently.

Github: add sign message feature to android qml


In my opinion, the weakness of the bluewallet wallet is that it is not a wallet for storing large amounts of assets in the long term.
Correct, but the same is true for Electrum as a hot wallet or any other hot wallet for that matter.

Both these apps can even be used as cold storage too if we install them on an air-gapped device but it is definitely for advanced user only.

sr. member
Activity: 588
Merit: 438
Forum Only For Fun
November 05, 2023, 04:52:20 AM
#10
im newbie, i wants to create a bitcoin wallet but i dont know how to do it.i cant operate laptop or pc fluently.but i can use mobile very well.
I think it's fair to ask would you be able to differentiate a fake app from a real one? Do you understand how phishing works? What do you do when you receive spam emails? Have you ever won millions of dollars in lotteries you never participated in or inherited money from uncles you never heard of, and how did you respond to such emails? While we are at it, what does it mean when you say you know how to operate a smartphone well? Are we talking about playing mobile games, being on social media, watching videos, etc., or something else?

My questions might seem weird, but you are looking to store bitcoin and its keys on a mobile phone. Knowing enough to protect yourself from common threats will do you good.

In my opinion, the weakness of the bluewallet wallet is that it is not a wallet for storing large amounts of assets in the long term.
Correct, but the same is true for Electrum as a hot wallet or any other hot wallet for that matter.

Correct. I didn't mention that the mobile wallet drawbacks I referred to apply not to Bluewallet wallets but to all types of hot wallets including Electrum.

Dear OP. I think the questions asked by Pmalek are serious for you to answer. You don't have to answer here because before using a wallet, the method of securing assets in a wallet is very sacred and must be considered.
Assets like Bitcoin are difficult to hack, but wallets with addresses that hold large amounts of assets will be of concern to hackers.

Skeptical users will not believe anything that could harm their wallet. For me, this has positive value for long-term safety.
Even if you use the mobile version of the wallet, make sure the seed phrase or key is not connected to the internet.
legendary
Activity: 2730
Merit: 7065
November 05, 2023, 03:34:25 AM
#9
im newbie, i wants to create a bitcoin wallet but i dont know how to do it.i cant operate laptop or pc fluently.but i can use mobile very well.
I think it's fair to ask would you be able to differentiate a fake app from a real one? Do you understand how phishing works? What do you do when you receive spam emails? Have you ever won millions of dollars in lotteries you never participated in or inherited money from uncles you never heard of, and how did you respond to such emails? While we are at it, what does it mean when you say you know how to operate a smartphone well? Are we talking about playing mobile games, being on social media, watching videos, etc., or something else?

My questions might seem weird, but you are looking to store bitcoin and its keys on a mobile phone. Knowing enough to protect yourself from common threats will do you good.

In my opinion, the weakness of the bluewallet wallet is that it is not a wallet for storing large amounts of assets in the long term.
Correct, but the same is true for Electrum as a hot wallet or any other hot wallet for that matter.
sr. member
Activity: 588
Merit: 438
Forum Only For Fun
November 05, 2023, 02:53:35 AM
#8
Electrum is the best. Since you can't master a PC well, you can use the suggestion of using the bluewallet wallet that people mentioned here because it's the best option.
Bluewallet is available on IOS and Android. Bluewallet only supports BTC does not support other asset options. Bluewallet can also connect to Electrum servers if you want to at some point.

In my opinion, the weakness of the bluewallet wallet is that it is not a wallet for storing large amounts of assets in the long term.
If OP wants to use a wallet for long-term storage of large amounts of assets, choose an open source hardware wallet.

Considering that recently there are many choices of open source Bitcoin wallets available, also pay attention to the authenticity behind the mask they display.
Pages:
Jump to: