BTC Wallets Features Comparison Table

Captain-Cryptory

newbie

Activity: 23

Merit: 853

Quote from: bob123 on May 31, 2020, 09:15:00 AM

The only thing worth storing there, are the private keys which allow you to spend your BTC.

Good, that’s what it meant, however I think such vaults contain more stuff inside then just pieces of papers with the private keys. What else could be in there? BTW, all out good substance to hold priv keys is the sapphire. The keys on plates made of it can be engraved by the laser beam. The concrete shelter would prevent them from any outside impact.

Captain-Cryptory

newbie

Activity: 23

Merit: 853

Quote from: RapTarX on May 30, 2020, 12:35:01 PM

Quote from: yazher on May 30, 2020, 06:46:41 AM

Trust me you will be needing this Comparison Table in the future when you hold a big amount of BTC.

I can't see the best wallet for BTC in the lost above. If someone is holding a big amount of BTC, I doubt they would go trust theid fund such wallet. There are paper wallet, hardware wallet like Ledger Nano etc for long time holding.

Big money bags hold their BTC in the vaults like that one in the picture

Quote from: https://snbchf.com/2017/10/durden-swiss-bunker-ultra-bitcoins/

But at the end even those vaults are nothing more than a storage for the blockchain copy. The question that matter is which client is the best to reach and control blockchain data. Speaking of software based wallets, Bitcoin Core that leverages security and reliability would be all out good solution for ordinary people in the sense of the long-term client to control their private keys. Not sure about ledger, probably good for short/medium term.

bob123

legendary

Activity: 1624

Merit: 2481

Quote from: Captain-Cryptory on May 31, 2020, 04:59:48 AM

But at the end even those vaults are nothing more than a storage for the blockchain copy.

There is no reason to store the copy of the blockchain in such a vault.
On the one hand, this copy would be outdated 10 minutes after creating it (at the moment a new block is mined and added) and additionally this is publicly available information and not secret at all.

The only thing worth storing there, are the private keys which allow you to spend your BTC.

Bitcoin_Arena

copper member

Activity: 2114

Merit: 1814

฿itcoin for all, All for ฿itcoin.

Still not seeing a new breed of bitcoin or multi-currency wallets that are not so popular but still used my many crypto lovers in there like Trust wallet, Atomic wallet, Otherwise that one nice list there.

odolvlobo

legendary

Activity: 4466

Merit: 3391

While the comparisons might be useful, the recommendations are shit. Recommending a wallet based on purely political reasons is stupid (IMHO).

RapTarX

hero member

Activity: 1358

Merit: 851

Quote from: yazher on May 30, 2020, 06:46:41 AM

Trust me you will be needing this Comparison Table in the future when you hold a big amount of BTC.

I can't see the best wallet for BTC in the lost above. If someone is holding a big amount of BTC, I doubt they would go trust theid fund such wallet. There are paper wallet, hardware wallet like Ledger Nano etc for long time holding.

yazher

hero member

Activity: 2268

Merit: 588

You own the pen

There you go, thanks for more information @o_e_l_e_o

Since I started on this forum there haven't that many wallets you can choose, There are only few of them. As we can see right now there are lots to choose from and with that lots of choices you really need to know more information about comparing each wallet together. I'm really glad I've found this Table and share it with you guys. Trust me you will be needing this Comparison Table in the future when you hold a big amount of BTC.

Velkro

legendary

Activity: 2296

Merit: 1014

Quote from: yazher on May 30, 2020, 12:25:06 AM

I posted this on our local board and I also think this would help a lot of newbies and existing users to carefully choose what kind of BTC wallets suits them. Thanks to the creator of this table, he managed to compare almost all of the BTC Wallets Features you can find out there. so that we don't have a hard time comparing it our self.

Comparisons like that are needed, in past bitcoin.org got comparisons in similiar (list) way but now they dont do this anymore.
People need to know why they would install wallet A instead wallet B, what are core differences and what you can expect.
Not everyone is tech savy or have time to research it themselfs.

joniboini

legendary

Activity: 2170

Merit: 1789

Quote from: Lachrymose on May 30, 2020, 01:43:58 AM

Also, even though this is not mentioned in the table, wallets that run on the Tor network, like Wasabi or Samourai don't run in some countries because the Tor network is banned.

There is some workaround for this, such as using VPN or encrypting your DNS traffic. It might slow down your network but worth trying if you want to use those wallets. Or just use an alternative with more or less the same features.

Quote from: ?? on ??

Putting wallets integrated with nodes behind SPV ones give me serious thought to his awareness in all that field.

Are you referring to his Armory recommendation? I think his 'ranking' is considering all factors mentioned and then use it to conclude the overall assessment. This is why the reasoning for Armory is not recommended is because "outdated & complicated".

Lachrymose

legendary

Activity: 1316

Merit: 966

Thanks for the reminder, bud. This file was shared by Wind_FURY when I was newer in the forum, but I couldn't share this file in the local forum because I forgot where and who shared it. This is a pretty useful guide for newcomers.

Quote from: o_e_l_e_o on May 30, 2020, 01:24:00 AM

A software wallet used on an internet enabled device and not on an airgapped device is not going to be as secure as a hardware wallet. The best solution for most new users to crypto who don't want to run their own node continues to be using a good hardware wallet such as a Ledger device, and pairing it with a software wallet which offers maximum functionality, such as Electrum.

I agree with what you say about this, the internet speed is slow in countries like the Turkish Republic very difficult to run a Bitcoin node (synchronization can take a couple of weeks). Therefore, I usually recommend users to use a hardware wallet or Electrum. Besides, users need to learn that the most important point to pay attention is also back up mnemonic words. This is as important as which wallet they use.

Also, even though this is not mentioned in the table, wallets that run on the Tor network, like Wasabi or Samourai don't run in some countries because the Tor network is banned.

o_e_l_e_o

legendary

Activity: 2268

Merit: 18748

You can see the blog post associated with this spreadsheet on their website here: https://veriphi.io/en/blog/software-wallet-analysis. It gives a thorough explanation of what all the different categories mean and how they ranked the individual wallets. There is also a follow up blog post which discusses some additional wallets which they added to the spreadsheet more recently here: https://veriphi.io/en/blog/wallets-analysis-update.

I think the disclaimer at the top left is the most important part of the spreadsheet, actually. This is looking at software wallets only. A software wallet used on an internet enabled device and not on an airgapped device is not going to be as secure as a hardware wallet. The best solution for most new users to crypto who don't want to run their own node continues to be using a good hardware wallet such as a Ledger device, and pairing it with a software wallet which offers maximum functionality, such as Electrum.

They've also produced a similar spreadsheet for Lightning wallets: https://veriphi.io/en/blog/lightning-wallet-analysis

yazher

hero member

Activity: 2268

Merit: 588

You own the pen

I posted this on our local board and I also think this would help a lot of newbies and existing users to carefully choose what kind of BTC wallets suits them. Thanks to the creator of this table, he managed to compare almost all of the BTC Wallets Features you can find out there. so that we don't have a hard time comparing it our self. I advise you guys to see this wonderful BTC Wallets Features Comparison Table made by Veriphi whoever He/She is, He/She made a helpful table for us to distinguish the what kind of wallet that suit us. If this BTC Wallets Features Comparison Table helps you, all credits to the creator Veriphi. If you have something to add in the description, just post it here for us to benefits from it and for the newbies, you are free to ask here most of the veterans here will answer your questions.

https://docs.google.com/spreadsheets/d/1aZ1zbaUEzCo9NCctN8-eL2VLIiSdY009tTJvRXDUWEw/edit#gid=0

Table not mine, credit to the real owner Veriphi

Topic: BTC Wallets Features Comparison Table (Read 289 times)