[General] Bitcoin Wallets - Which, what, why? - page 16.

Husna QA

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Quote from: alik111 on May 11, 2020, 01:59:36 AM

-snip- Better you can use myetherwallet which is the safest wallet for Ethereum based tokens.

Don't forget to double-check the MyEtherWallet site and its direct link.
On April 24, 2018, several MyEtherWallet DNS servers were hijacked https://twitter.com/myetherwallet/status/988787116015415296.
Luckily I was suspicious at first because it looks a little different than usual, even though the site I visited was correct.

Quote from: Husna QA on April 24, 2018, 10:41:21 PM

MEW Screen Shot: 2018-04-25 at 5.57.07 AM

Better yet, if MyEtherWallet is connected to a hardware wallet.

alik111

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Quote from: OcalRez on May 05, 2020, 10:48:00 PM

TrustWallet Is Safe?

I don't think trustwallet is safe for future because here your private keys can be tracked.
If trustwallet database get hacked then your funds can be stolen.Better you can use myetherwallet which is the safest wallet for Ethereum based tokens.

Lauda

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Quote from: OcalRez on May 05, 2020, 10:48:00 PM

TrustWallet Is Safe?

It is a widely-used ETH/token wallet, so it should be similarly safe as other alternatives. Albeit I would recommend storing these on a hardware wallet instead.

More updates:

Better overview of the Table of contents
Minor changes in styling
Added: Collection of Questions and Answers
Major thread modernization and cleanup
Added LN wallets
Updated AirBitz to Edge and removed GreenAddress as Online wallet - Thanks OmegaStarScream

If somebody wants to write the descriptions for the LN wallets that I have recommended please PM or just post them here.

OcalRez

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TrustWallet Is Safe?

Lauda

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Terminated.

Quote from: bakasabo on April 30, 2020, 06:01:42 AM

Here you are https://www.blockchain.com/btc/tx/0b765c21dc024a804fc759c85a74b06c4b120c70a84a0068d200df58a8a2fd1c

Now I see that the status is unconfirmed. What is this and why the status changed from pending to this?

I dont have funds on bitgo wallet, neither I have then on coinbase... Nice...This is my second transaction and I'm already having issues...

1) It is expensive because your transaction it big. Two main conditions affect the payment of the fees: recommended current fee-rate (based on the conditions of the mempool) * the size of your transaction. Your transaction is 5140 bytes.
2) Status pending has nothing to do with Bitcoin. That status is part of your service provider (you are using custodial wallets).
3) Consolidate outputs when fees are low: https://bitcointalksearch.org/topic/aug-2022-mempool-empty-use-this-opportunity-to-consolidate-your-small-inputs-2848987.
4) Stop using custodial wallets and start using wallets where you control your own keys (and fee-rate).

Quote from: bakasabo on April 30, 2020, 06:01:42 AM

Ethereum transactions somehow were easier for me...

1) Faster block times.
2) Less security.
3) Less users.
4) See 2).

Transacting with Bitcoin is the same if you understand what you are doing.

I will likely wipe this thread clean one day. It has too many support questions.

OmegaStarScream

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Quote from: bakasabo on April 30, 2020, 06:01:42 AM

Here you are https://www.blockchain.com/btc/tx/0b765c21dc024a804fc759c85a74b06c4b120c70a84a0068d200df58a8a2fd1c

Now I see that the status is unconfirmed. What is this and why the status changed from pending to this?

I dont have funds on bitgo wallet, neither I have then on coinbase... Nice...This is my second transaction and I'm already having issues... Ethereum transactions somehow were easier for me...

According to this[1][2], the recommended fee to pay is 60-68 sat/ byte while you paid 51 sat/byte and the reason it costed you that much (25$) is because your transaction has a lot of inputs.

Once your transaction gets confirmed (In a few hours probably), you will see it in your Coinbase account. You can also try and submit your transaction toViaBTC's accelerator[3].

[1] https://www.buybitcoinworldwide.com/fee-calculator/
[2] https://bitcoinfees.net/
[3] https://www.viabtc.com/tools/txaccelerator

bakasabo

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Quote from: OmegaStarScream on April 30, 2020, 05:26:09 AM

Quote from: bakasabo on April 30, 2020, 05:03:14 AM

I'm not very experienced with bitcoin transactions, so I'm asking forum opinion about the following situation.

Is it ok for transaction to be pending for more than 2 hours? I'm sending funds from bitgo wallet to coinbase exchange with "high priority".
It cost about 25$ to send this transaction and it is still havent reached coinbase wallet (even though I see it in the list of deposits on coinbase).

I'm confused Huh

We currently have +48K unconfirmed transactions, so yes, waiting for that long is normal.

As for the fee, I think you're referring to the 0.25% withdrawal fee that Bitgo takes, and not to the network fees but, you can post your TXID here so we can give you a definitive answer.

Here you are https://www.blockchain.com/btc/tx/0b765c21dc024a804fc759c85a74b06c4b120c70a84a0068d200df58a8a2fd1c

Now I see that the status is unconfirmed. What is this and why the status changed from pending to this?

I dont have funds on bitgo wallet, neither I have then on coinbase... Nice...This is my second transaction and I'm already having issues... Ethereum transactions somehow were easier for me...

OmegaStarScream

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Quote from: bakasabo on April 30, 2020, 05:03:14 AM

I'm not very experienced with bitcoin transactions, so I'm asking forum opinion about the following situation.

Is it ok for transaction to be pending for more than 2 hours? I'm sending funds from bitgo wallet to coinbase exchange with "high priority".
It cost about 25$ to send this transaction and it is still havent reached coinbase wallet (even though I see it in the list of deposits on coinbase).

I'm confused Huh

We currently have +48K unconfirmed transactions, so yes, waiting for that long is normal.

As for the fee, I think you're referring to the 0.25% withdrawal fee that Bitgo takes, and not to the network fees but, you can post your TXID here so we can give you a definitive answer.

bakasabo

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I'm not very experienced with bitcoin transactions, so I'm asking forum opinion about the following situation.

Is it ok for transaction to be pending for more than 2 hours? I'm sending funds from bitgo wallet to coinbase exchange with "high priority".
It cost about 25$ to send this transaction and it is still havent reached coinbase wallet (even though I see it in the list of deposits on coinbase).

I'm confused Huh

Lauda

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Terminated.

Many updates:

Added section Not recommended or outdated Wallets
The following wallets were removed, i.e. added to the above list: Copay, Bitpay, Blockchain.info, Ledger HW.1, Ledger Unplugged
Link to Bitcoin.org removed and replaced by direct link to wallet download
Added Bitcoin Knots (Desktop)
Added Wasabi (Desktop)
Added Samourai (Android)
Added Jaxx Liberty (Universal)
GreenAddress updated.
GreenBits renamed to BlockStream Green and updated
Added LN section (WIP)
Slightly modified the description of Armory: "Most secure option" is incorrect
Extended credits to include other individuals
v2 release

Husna QA

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Quote from: ectbit on April 26, 2020, 09:35:24 AM

What is the best wallet for mobile phones?

Maybe you can check the following link:
https://bitcoin.org/en/wallets/mobile/?step=1&platform=android
https://bitcoin.org/en/wallets/mobile/?step=2&platform=ios

Some time ago, I also posted about imToken:
https://bitcointalksearch.org/topic/m.51071926

Quote from: ectbit on April 26, 2020, 09:35:24 AM

I am between Electrum and Bitcoin Wallet. Is it safe to download them from Google Play?

Yes, it's safe as long as you download it from the official link recommended by the developer.
But as nc50lc mentioned above, the Electrum on google play outdated, and this can be risky in the future if it's not updated.
You can also view or download several updated versions of Electrum that have released on the following link:
https://download.electrum.org/
And make sure you check the signature.

nc50lc

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Quote from: ectbit on April 26, 2020, 09:35:24 AM

I am between Electrum and Bitcoin Wallet. Is it safe to download them from Google Play?

Electrum in Google play (v3.3.7) is one-release outdated than the one in the official site: https://electrum.org/#download.
You're going to miss the bugfixes and performance issues included in the latest release (v3.3.8) [release notes].
So if you prefer Electrum over Bitcoin Wallet, download the latest version from the site instead.

I can't comment on the other option, I haven't used it.

ectbit

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What is the best wallet for mobile phones?
I am between Electrum and Bitcoin Wallet. Is it safe to download them from Google Play?

Cobo_Vault

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Quote from: philboosty on December 09, 2019, 12:56:33 PM

is coinbase that secure for controlling the wallet? where can i manage it myself to be more sure and protected??
Thanks

The most secure way to store bitcoin is offline in a hardware wallet or deep cold storage if you are not planning on touching it anytime soon. Anything touching the internet has a significantly larger attack surface because remote attacks are much less expensive to carry out than physical attacks. That being said, a mobile app is more secure than a desktop app because mobile phones come with lots of security features enabled by default that desktops don't have or require to manually enable.

If you're not ready for the jump to a hardware wallet, would still recommend you look into ways to generate your private keys from physical entropy rather than using the pseudorandom number generator (PRNG) from the Coinbase app -- not your keys, not your crypto. Type "using dice to generate keys" into Google and you can find some steps to get you there.

Lauda

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Quote from: Cobo_Vault on April 21, 2020, 07:17:46 AM

Curious - what do people feel is a good amount of BTC where you'd want to have at least one hardware wallet to protect it? Do you feel safer with a Secure Element and would you be willing to invest more in storing your keys with an SE?

There is no right answer to your first question, it should be in % of your money. Storing everything at one device regardless of its security is not the best method. The Secure Element part is also not of vital importance, because it is not as secure as you think.

Cobo_Vault

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Curious - what do people feel is a good amount of BTC where you'd want to have at least one hardware wallet to protect it? Do you feel safer with a Secure Element and would you be willing to invest more in storing your keys with an SE?

OmegaStarScream

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Quote from: Danydee on January 14, 2020, 07:56:07 AM

Blockchain.info/Blockchain.com not longer offer the possibility to send to multiple outputs..!

They removed that feature a long time ago. You can either:

- Use Blockchain's API.
- Or (if you're not an advanced user), you can just go with Electrum.

Bitcoin Core and Amory offer that feature as well, but you will have to download the whole blockchain.

Danydee

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Blockchain.info/Blockchain.com not longer offer the possibility to send to multiple outputs..!

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Quote from: onlineeacc on January 12, 2020, 09:08:55 AM

Did any bitcoin wallet accept paypal for deposit or withdrawal?

Paypal or any similar platform generally does not allow any transactions related to cryptocurrencies. Even if you found one, there is a risk both on your Paypal account or your bitcoin. You can try with a debit/credit card to buy it on exchange and then store it on your wallet.

Husna QA

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Quote from: libert19 on December 21, 2019, 11:35:01 PM

Many wallets have exchanges integrated, he's probably asking regarding that. -snip-

Yes, I know even on imToken and some android wallets I often see an instant market for buying and selling coins.
Previously I just wanted to give a limitation that the bitcoin/altcoin wallet is for storing coins.
To buy and sell coins still use the exchange even though it is integrated with the wallet and is called an Instant Exchange.

Topic: [General] Bitcoin Wallets - Which, what, why? - page 16. (Read 139303 times)