I don't think there is some official rank but users often share their experiences with wallets and make their favourite lists based on own experiences and satisfaction.
To my opinion security features and access and control of private keys and fees are the most important features.
At my list at the top there are Trezor and Ledger Nano as hard wallets and Mycelium as a mobile wallet. Try to avoid web based online wallets like blockchain, security is not one of their best features.
Topic: Bitcoin wallet rank - page 2. (Read 350 times)
I still use the good ole JAX wallet.. has yet to let me down
There is no an "official" ranking system.
Personally, I trust only hardware wallets: they're implementing the safest security at the moment.
Try to avoid cloud wallets that don't share with you the private key (or just avoid them at all!).
Personally, I trust only hardware wallets: they're implementing the safest security at the moment.
Try to avoid cloud wallets that don't share with you the private key (or just avoid them at all!).
...if you're holding huge amounts of bitcoin or cryptocurrencies in general, as always, I heavily suggest purchasing a hardware wallet like the Trezor[1] or the Ledger Nano S[2] *** If you don't hold much bitcoin, like probably sub $500, a mobile wallet like Mycelium[3] should be enough.
I get that you are just talking in generalities here, but I am curious as to what you consider to be "huge amounts" so as to warrant a hardware wallet and how you came up with the sub $500 in value suitable for a more economical mobile wallet (with the supposed implication that the higher security hardware wallet is not really necessary for anything below $500).
[disclosure = not my intention to attack your logic or reasoning, because you obviously have to draw the line somewhere]
I'm going to guess your rationale is probably based on the cost of a Trezor or Ledger itself... If you only have $500 in BTC value - why would you spend roughly 20% of that on a more secure wallet when there are any other less expensive options out there? Seems a bit expensive!
But the guy who today holds $500 in BTC had nearly $3000 in value for the same amount of BTC just over a year ago (if my math is right). Buying a hardware wallet would have cost the same amount in fiat money on both ends of that timeline, but the value of the cryptos on it has changed drastically. It has fallen, but according to many it can rise back up to and surpass that high water mark. Nobody knows for sure how much value the HODL guy with $500 in current BTC stands to lose if he chooses a less secure storage method for his Bitcoin in February of 2019 and is subsequently hacked or loses his paper wallet and then somehow John McAfee's li'l buddy is spared and the BTC price skyrockets!
I guess what I am saying is that if it is worth protecting, it is worth protecting ... ... within reason - I wouldn't recommend someone buy a hardware wallet to store 10,000 satoshi. But in saying that, I suppose I've done the very same thing as you in making a personal judgment on what amount is worth protecting and what amount is just throwing it all away.
(Just for frame of reference, I'm holding less than $300 in BTC and I have all but a very small amount of it on a Trezor).
Dears,
With so many bitcoin wallets are promoting themselves nowadays, I wonder if there’s a rank for them? Sometimes it’s difficult to choose what kind of wallet should be used.
If you do know which wallet is better, kindly recommend it. I may present a rank here with your recommendations.
Thank you!
Nowadays there are more cryptocurrencies wallet but I think not all them are totally secure just why I still using my hardware wallet. I also have online wallet which is blockchain wallet. For me it's better to hardware wallet than using other kind of wallets. With so many bitcoin wallets are promoting themselves nowadays, I wonder if there’s a rank for them? Sometimes it’s difficult to choose what kind of wallet should be used.
If you do know which wallet is better, kindly recommend it. I may present a rank here with your recommendations.
Thank you!
Dears,
There is no standard established for ranking down the list of digital wallets. But if you are looking gor the most popular wallets then we have Coinbase for btc and MEW for alts and tokens. However these two or even only one of them can be considered no. 1 because of the fact that each wallet are not very distinct to one another, they only have different interface, security and supported crypto but they all have same purpose — to store coins. Anyway, you don't necessarily stick on famous ones (like my examples above). My advice for you is to use local based wallet which is the most trusted in your country. It is a lot more convenient (according to what I have experienced).
There is no official ranking but my personal ranking is:
Hardware wallets and Paper Wallets are the most secure.
As mentioned above the two most popular are Trezor & Ledger
I use Trezor without issue.
Desktop wallets like Electrum and Exodus are quite popular
and are secure depending you the users security and privacy
habits. I use both without issue.
Mobile wallets or smartphone wallets are secure also but
again user security and privacy is a factor. I use
Electrum and Coinomi without issue.
WARNING: Make sure you download wallets from the official source, if in doubt Check and Double check!
Hardware wallets and Paper Wallets are the most secure.
As mentioned above the two most popular are Trezor & Ledger
I use Trezor without issue.
Desktop wallets like Electrum and Exodus are quite popular
and are secure depending you the users security and privacy
habits. I use both without issue.
Mobile wallets or smartphone wallets are secure also but
again user security and privacy is a factor. I use
Electrum and Coinomi without issue.
WARNING: Make sure you download wallets from the official source, if in doubt Check and Double check!
It would be cool to see a site kind of like coin market cap but for wallets, could be ranked by downloads, transactions etc
I don't think it's possible to get that kind of data unless the wallet creators provide that data publicly. I also don't really see why it would be beneficial to them. Sure they could show that their software is used a lot, but I don't think users would be happy to know that all their transactions and downloads are tracked.
There were more and more wallets getting into usage. Trezor, ledger being the most secure wallets into usage. I personally haven't used any of these, myself being a beginner has been using blockchain, electrum and myetherwallet for all my wallet needs. Till date haven't encountered any issues in security.
It would be cool to see a site kind of like coin market cap but for wallets, could be ranked by downloads, transactions etc
There's no sort of "rank". There are a few good wallets, but which is better depends on the user. Wallet A might be better for me, while wallet B might be better for you. It depends on personal preference.
Anyway, if you're holding huge amounts of bitcoin or cryptocurrencies in general, as always, I heavily suggest purchasing a hardware wallet like the Trezor[1] or the Ledger Nano S[2] if you're not tech-savvy enough to properly and securely make a paper wallet, or an air-gapped device. Among the two, I personally prefer the Ledger, but yea, personal preference. I suggest doing research on both devices for you to decide on your own.
If you don't hold much bitcoin, like probably sub $500, a mobile wallet like Mycelium[3] should be enough. Just make sure to store your private keys OFFLINE. Not on a note file, not on you email, on Facebook Messenger, etc etc.
For more information about wallets in general, just so if you haven't read much on these yet:
[1] https://trezor.io/
[2] https://ledger.com/
[3] https://wallet.mycelium.com/
Anyway, if you're holding huge amounts of bitcoin or cryptocurrencies in general, as always, I heavily suggest purchasing a hardware wallet like the Trezor[1] or the Ledger Nano S[2] if you're not tech-savvy enough to properly and securely make a paper wallet, or an air-gapped device. Among the two, I personally prefer the Ledger, but yea, personal preference. I suggest doing research on both devices for you to decide on your own.
If you don't hold much bitcoin, like probably sub $500, a mobile wallet like Mycelium[3] should be enough. Just make sure to store your private keys OFFLINE. Not on a note file, not on you email, on Facebook Messenger, etc etc.
For more information about wallets in general, just so if you haven't read much on these yet:
- https://bitcointalksearch.org/topic/general-bitcoin-wallets-which-what-why-1631151
- https://cryptosec.info/cryptocurrency-wallets/
[1] https://trezor.io/
[2] https://ledger.com/
[3] https://wallet.mycelium.com/
Dears,
With so many bitcoin wallets are promoting themselves nowadays, I wonder if there’s a rank for them? Sometimes it’s difficult to choose what kind of wallet should be used.
If you do know which wallet is better, kindly recommend it. I may present a rank here with your recommendations.
Thank you!
With so many bitcoin wallets are promoting themselves nowadays, I wonder if there’s a rank for them? Sometimes it’s difficult to choose what kind of wallet should be used.
If you do know which wallet is better, kindly recommend it. I may present a rank here with your recommendations.
Thank you!
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