Both Electrum and Multibit HD support Trezor but if you have passphrase protected wallets they will only show up in Electrum, not Multibit HD. Something to consider. Also Mycelium on Android shows all Trezor passphrase protected wallets .
So if you have a Trezor and want all the features of myTrezor.com on another wallet use Electrum or Mycelium.
Topic: Electrum or MultiBit? (Read 3260 times)
neither, use core with prune mode, it's everything you ever need, yes i understand the missing features such a off line signing, but i'm sure it can be added in the future(dunno why they didn't already)
It would still require downloading the blockchain or would it not? I don't mind not having some features but don't want to download the whole blockchain, if this can be done without it, I'd give it a shot.
@OP I have tried multibit in the past, actually I installed it as my first wallet and had a little trouble with it, must have been totally my fault as nothing is wrong with the software but then I switched to Electrum and have never even thought of switching to something else after that. So my recommendation to you would be that.
Remember that bloom filters make your wallets and transaction history easier to track (for privacy-concerned people). And that you should always wait for several confirmations (at least 3, probably 6, maybe more would be best) with lite nodes since they do not validate.
what exactly are bloom filters if you don't mind me asking; and the fact that i have to wait for several confirmations is limiting thanks for letting me know.
@maku
thanks for link; very informative.
@BitcoinNewsMagazine
BitLox is quite curious looking.
Quote
I prefer to use MultiBit, but if you curious it better you try both and you will feel yourself the difference. Cheesy
i got them both and fiddled around in them a bit; threw away a bit of transaction fees (lol) and decided i'm going to keep them both but work with electrum for the time being; it just felt more at home, you know.. 
wow this conversation is really picking up!
I know the question is for the thread starter to answer but I would also like to answer it - don't mind me
.
I'd like to get a hardware wallet (especially Trezor) too because of the security issues people talked about. However the problem is that it is expensive. Well, how one define 'expensive' and 'cheap' is different from person to person. I think that as long as we take the precaution to protect our wallets, there is no need for a hardware wallet. Unless one is running a big Bitcoin/crypto related business, a softwallet (but not browser based) would be good enough.
I will still purchase a hardware wallet when I am not in a tight budget though since there will be less worries. :p.
sure a hardware wallet would be a very secure option;
i'll definitely consider it when i have a ton of coins that are a major portion of my assets;
for now its a bit too expensive for my taste! $100 plus god knows the cost of shipping it to Iran!
i cloud get a decent card to add to my gpu mining rig for that price!
thatnks everyone for your posts and great inputs, really much appreciated
since there's been so many replies here, in just a few hours, i was thinking of changing the subject of the thread making this a discussion of all the different OSX desktop wallets.
what do you think? should we go for that?
I might be a bit off-topic here, but I figured I would just ask.... Why go for a desktop wallet? Would it not be better to go for a hardware wallet like Trezor instead? I feel that is our best bet, other than cold
storage at the moment. I do not know of even one Trezor that was compromised since it started.. The cost is relatively low, if you consider the security it gives you. The free options always come at a cost, so I
would much rather invest in something solid.
storage at the moment. I do not know of even one Trezor that was compromised since it started.. The cost is relatively low, if you consider the security it gives you. The free options always come at a cost, so I
would much rather invest in something solid.
I know the question is for the thread starter to answer but I would also like to answer it - don't mind me
.I'd like to get a hardware wallet (especially Trezor) too because of the security issues people talked about. However the problem is that it is expensive. Well, how one define 'expensive' and 'cheap' is different from person to person. I think that as long as we take the precaution to protect our wallets, there is no need for a hardware wallet. Unless one is running a big Bitcoin/crypto related business, a softwallet (but not browser based) would be good enough.
I will still purchase a hardware wallet when I am not in a tight budget though since there will be less worries. :p.
sure a hardware wallet would be a very secure option;
i'll definitely consider it when i have a ton of coins that are a major portion of my assets;
for now its a bit too expensive for my taste! $100 plus god knows the cost of shipping it to Iran!
i cloud get a decent card to add to my gpu mining rig for that price!
thatnks everyone for your posts and great inputs, really much appreciated
since there's been so many replies here, in just a few hours, i was thinking of changing the subject of the thread making this a discussion of all the different OSX desktop wallets.
what do you think? should we go for that?
AFAIK the only hardware wallet shipping now that works on iOS at present is BitLox. CoolWallet does also but they are sold out.
I have both and prefer more electrum, personal experience and I think its safer than Multibit Classic, Multibit HD is doing some steps forward to match Electrum security. But both are far more safer than any web wallet.
@Amph & @maku
sure i'll look up the bitcoin core prune mode but if i cant sign messages in it, wouldn't it be a serious limitation?
https://bitcointalksearch.org/topic/how-to-sign-a-message-990345
Remember that bloom filters make your wallets and transaction history easier to track (for privacy-concerned people). And that you should always wait for several confirmations (at least 3, probably 6, maybe more would be best) with lite nodes since they do not validate.
I might be a bit off-topic here, but I figured I would just ask.... Why go for a desktop wallet? Would it not be better to go for a hardware wallet like Trezor instead? I feel that is our best bet, other than cold
storage at the moment. I do not know of even one Trezor that was compromised since it started.. The cost is relatively low, if you consider the security it gives you. The free options always come at a cost, so I
would much rather invest in something solid.
storage at the moment. I do not know of even one Trezor that was compromised since it started.. The cost is relatively low, if you consider the security it gives you. The free options always come at a cost, so I
would much rather invest in something solid.
I know the question is for the thread starter to answer but I would also like to answer it - don't mind me
.I'd like to get a hardware wallet (especially Trezor) too because of the security issues people talked about. However the problem is that it is expensive. Well, how one define 'expensive' and 'cheap' is different from person to person. I think that as long as we take the precaution to protect our wallets, there is no need for a hardware wallet. Unless one is running a big Bitcoin/crypto related business, a softwallet (but not browser based) would be good enough.
I will still purchase a hardware wallet when I am not in a tight budget though since there will be less worries. :p.
sure a hardware wallet would be a very secure option;
i'll definitely consider it when i have a ton of coins that are a major portion of my assets;
for now its a bit too expensive for my taste! $100 plus god knows the cost of shipping it to Iran!
i cloud get a decent card to add to my gpu mining rig for that price!
thatnks everyone for your posts and great inputs, really much appreciated
Bu this info about locked account is not about any online wallet, but about bitcointalk account problems. That user wasn't banned from using any online wallet.
And you no longer need to download whole blockchain when using Bitcoin Core, since last version there is option to go into prune mode.
Which is practically the same as a full node (including security), except it won't need some of the old history - so you don't need 60GB to store blockchain history.
And you no longer need to download whole blockchain when using Bitcoin Core, since last version there is option to go into prune mode.
Which is practically the same as a full node (including security), except it won't need some of the old history - so you don't need 60GB to store blockchain history.
Electrum is a far better option for an desktop hardware wallet. I think you can go for Electrum. Although as a starter you can download both multibit and Electrum and see which suits your needs and choose that one.
Imo both options are good solutions to use. They have both been tested for a long time and have proven to be safe and easy to use. Compared to online wallets, they are a big step up in taking control of your own funds!
Personally I like electrum more though, but that may be because it was my first wallet and I just have gotten used to it the most (you know, anything new is trouble to get a hang of
).
Try both, play around a bit with small amounts and see which suits your needs and preferences the most.
Personally I like electrum more though, but that may be because it was my first wallet and I just have gotten used to it the most (you know, anything new is trouble to get a hang of
).Try both, play around a bit with small amounts and see which suits your needs and preferences the most.
Right now I use online wallets as well due to not wanting to put anything into this old laptop before I buy a new one.
Electrum and Blockchain.info are the two I mostly use for ease of use.
Electrum and Blockchain.info are the two I mostly use for ease of use.
neither, use core with prune mode, it's everything you ever need, yes i understand the missing features such a off line signing, but i'm sure it can be added in the future(dunno why they didn't already)
you mean you can't sign a message with your bitcoin address if you are using core in prune mode offline? cause that sounds wierd
neither, use core with prune mode, it's everything you ever need, yes i understand the missing features such a off line signing, but i'm sure it can be added in the future(dunno why they didn't already)
Multibit is a closed system the last time I checked i.e you don't need to trust the operators (Not sure if they made it to connect to them like Electrum though) Electrum requires a connection to a central unit therefore less secure IMO.
I used multibit a few years back, but to be honest i found i wasnt sending alot of bitcoin that regularly, so i ended up just goin with paper wallets and usb's stored in a safe, have you thought about this option....?
I might be a bit off-topic here, but I figured I would just ask.... Why go for a desktop wallet? Would it not be better to go for a hardware wallet like Trezor instead? I feel that is our best bet, other than cold
storage at the moment. I do not know of even one Trezor that was compromised since it started.. The cost is relatively low, if you consider the security it gives you. The free options always come at a cost, so I
would much rather invest in something solid.
storage at the moment. I do not know of even one Trezor that was compromised since it started.. The cost is relatively low, if you consider the security it gives you. The free options always come at a cost, so I
would much rather invest in something solid.
I know the question is for the thread starter to answer but I would also like to answer it - don't mind me
.I'd like to get a hardware wallet (especially Trezor) too because of the security issues people talked about. However the problem is that it is expensive. Well, how one define 'expensive' and 'cheap' is different from person to person. I think that as long as we take the precaution to protect our wallets, there is no need for a hardware wallet. Unless one is running a big Bitcoin/crypto related business, a softwallet (but not browser based) would be good enough.
I will still purchase a hardware wallet when I am not in a tight budget though since there will be less worries. :p.
I might be a bit off-topic here, but I figured I would just ask.... Why go for a desktop wallet? Would it not be better to go for a hardware wallet like Trezor instead? I feel that is our best bet, other than cold
storage at the moment. I do not know of even one Trezor that was compromised since it started.. The cost is relatively low, if you consider the security it gives you. The free options always come at a cost, so I
would much rather invest in something solid.
storage at the moment. I do not know of even one Trezor that was compromised since it started.. The cost is relatively low, if you consider the security it gives you. The free options always come at a cost, so I
would much rather invest in something solid.
MultiBit was the first Bitcoin wallet application that I use - during my time, there is no browser based wallet yet, or at least for me. I'd say it is friendly for newbie like you who wanted to switch from browser based to desktop based wallet. It is easy to use and understand.
I just tried Electrum a while back and find it good for advanced use. However, it also have easy to use interface pretty much like MultiBit - from my perspective. Since you used browser based wallet, I think you should be able to cope with Electrum features and I'd strongly recommend you to use it.
I know you are looking from desktop wallet application, but if you have an Android smartphone, check out Mycelium. It is an extremely well developed smartphone wallet. And I am using Mycelium as my main wallet - do note that never put a lot of Bitcoin into a smartphone wallet though.
I just tried Electrum a while back and find it good for advanced use. However, it also have easy to use interface pretty much like MultiBit - from my perspective. Since you used browser based wallet, I think you should be able to cope with Electrum features and I'd strongly recommend you to use it.
I know you are looking from desktop wallet application, but if you have an Android smartphone, check out Mycelium. It is an extremely well developed smartphone wallet. And I am using Mycelium as my main wallet - do note that never put a lot of Bitcoin into a smartphone wallet though.
I prefer Multibit in general over electrum, it's more user-based and although less simple is more secure and does not have an intermediate authority.. Not that I find it more secure but blockchain.info wallets are more user friendly and easier than both.
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