- Instead of exporting your seed from blockchain and import it into electrum, it's better to create a brand new electrum wallet, then move all funds from blockchain to electrum. The seed generated by blockchain might be compromised (or at least, it has bigger odds of being compromised compared to a clean seed generated freshly on a clean pc running a verified version of electrum)
- Coinomi seems secure right now, but it has had some serious security vulnerability's in the past, and i didn't like the way they handled these (other wallets have had vulnerability's aswell, but imho, they handled these issues more gracefully)
- If you stay away from online wallets and stick to desktop, paper or hardware wallets, your country is not important. As soon as you start using an online platform, they are the ones in controll of your funds, so they can block you or kick you out for any reason (including, but not limited to, your country of residence)
- It does not take 4 hours to move funds. Transactions are allmost instant, confirmations can take a while (on AVERAGE, one block is found every ~10 minutes, however, depending on, for example, your feerate it might be possible your tx doesn't end up in the next block). The problem here is that you use an online platform, so this platform can chose whatever timeframe they want to process your withdrawal. If they chose to wait 4 hours before creating the withdrawal transaction, you'll have to wait 4+ hours to get your withdrawal transaction confirmed. This has nothing to do with the bitcoin protocol, and everything to do with the policies of the web wallet provider you picked
- Electrum is fine as a mobile and desktop wallet (CHECK the signature, if ThomasV didn't sign, don't run the binary). IF you decide to invest more than a couple hundred bucks in crypto currencies, don't cheap out and buy a ledger or a trezor hardware wallet... If you're a cheapass, at least use a PROPERLY generated (bip38 encrypted) paper wallet to store bigger amounts, or use an old laptop/pc as airgapped wallet. Keeping a lot of funds on a web wallet, mobile wallet or even a desktop wallet is asking for troubles in the longrun
Topic: Doers it matter what country you are in for wallet? - page 2. (Read 385 times)
I wanted to build upon some advice that has already been given in this thread:
Please forgive me if its a stupid question, I have been away from Crypto for a few years, I live In Canada and I have not been active and now am getting back to crypto, I use to use Blockchain.com wallet , is that wallet still good? and Does it matter which country I am in for wallet. I registered with coinsquare as a platform to buy bitcoins, but I heard that it can take up to 4 days to move BTC from there after purchase, is that true, I remember on localbitcoins it used to be much quicker but the price was higher obviously, so is coinsquare the best way to buy bitcoins for Canadians. what wallet would you recommend for mobile.
Thank you.
There are many good wallets out there for mobile platforms, Personally I don't suggest blockchain because it is a custodial wallet, I'm a blockchain com user before but I switch to a non-custodial wallet (Decentralized which you hold your private key). I used coinomi wallet recently and haven't got any problem with it. Coinomi is a mobile platform based application.Thank you.
I can only suggest localbitcoins because I tried their services and got no problem with it. I'm not familiar with coinsquare though.
Please forgive me if its a stupid question, I have been away from Crypto for a few years, I live In Canada and I have not been active and now am getting back to crypto, I use to use Blockchain.com wallet , is that wallet still good? and Does it matter which country I am in for wallet. I registered with coinsquare as a platform to buy bitcoins, but I heard that it can take up to 4 days to move BTC from there after purchase, is that true, I remember on localbitcoins it used to be much quicker but the price was higher obviously, so is coinsquare the best way to buy bitcoins for Canadians. what wallet would you recommend for mobile.
Thank you.
Thank you.
Blockchain wallet is good for trading purpose, if you looking to Hold then read this article to choose a Bitcoin wallet - https://cointikka.com/best-cryptocurrency-wallet/ and it does not matter which country you are in.
I do not think it can take 4 days to move BTC. It is only takes few minutes to a max 30 minutes for BTC to be transferred. I think the verification process with coinsquare can take upto 4 days.
You can check their FAQ here - https://coinsquare.com/faq
I use to use Blockchain.com wallet , is that wallet still good?
I recommend you to switch to another wallet, save your blockchain wallet seeds and import it to electrum. Web wallet is not good option to store your coin for too long or store huge amount of it.Does it matter which country I am in for wallet.
I believe there's no restriction about that. what wallet would you recommend for mobile.
Mycelium, since i use it, also electrum has mobile version too, since electrum is one of the most popular wallet nowadays. If you want to store multiple coin, maybe try coinomi.
Please forgive me if its a stupid question, I have been away from Crypto for a few years, I live In Canada and I have not been active and now am getting back to crypto, I use to use Blockchain.com wallet , is that wallet still good? and Does it matter which country I am in for wallet. I registered with coinsquare as a platform to buy bitcoins, but I heard that it can take up to 4 days to move BTC from there after purchase, is that true, I remember on localbitcoins it used to be much quicker but the price was higher obviously, so is coinsquare the best way to buy bitcoins for Canadians. what wallet would you recommend for mobile.
Thank you.
Thank you.
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