Topic: Help deciding which light weight bitcoin wallet (Read 1258 times)

Quote from: CEG5952 on June 09, 2014, 11:54:16 PM

I`m trying to pick either Multibit or Electrum.

Anyone using these, tell me the difference or which ones more user appeal.

Thanks!

Edit: I use a Mac

I personally use multibit. I find it to be very user friendly and easy to use.

My concern with Electrum is that your keys are stored on the server, making it not only possible for your keys/wallet to be hacked but also opening the possibility that you lose your seed (and your coins).

Your private keys aren't stored on the server. The seed is used to generate the private keys and addresses, if you save the seed you can always recover your addresses and private keys.

Abdussamad

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Indeed, your private keys on Electrum are not at risk of being viewed by nodes. Your public keys, however, are. It is for this reason that it is said that Electrum is not ideal for those wanting a full level of privacy.

I think you mean address not public key. An address is a hash plus checksum of the public key. The public key itself is exposed only when you spend money from an address. That transaction gets broadcast to all the nodes and once it is confirmed it becomes a part of the blockchain.

Coef

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Exhausted

Quote from: Harley997 on June 09, 2014, 06:49:53 PM

I`m trying to pick either Multibit or Electrum.

Anyone using these, tell me the difference or which ones more user appeal.

Thanks!

Edit: I use a Mac

I prefer Electrum, since I have read the thread https://bitcointalksearch.org/topic/we-should-stop-recommending-multibit-on-bitcoinorg-now-562181.

Parham6

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Deceased

I'm using Multbit and it's been good so far, haven't heard of Electrum.

CEG5952

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Buy and sell bitcoins,

Indeed, your private keys on Electrum are not at risk of being viewed by nodes. Your public keys, however, are. It is for this reason that it is said that Electrum is not ideal for those wanting a full level of privacy.

Abdussamad

legendary

Activity: 3682

Merit: 1580

I`m trying to pick either Multibit or Electrum.

Anyone using these, tell me the difference or which ones more user appeal.

Thanks!

Edit: I use a Mac

I personally use multibit. I find it to be very user friendly and easy to use.

My concern with Electrum is that your keys are stored on the server, making it not only possible for your keys/wallet to be hacked but also opening the possibility that you lose your seed (and your coins).

Electrum stores the seed in a wallet on your computer. Address specific private keys are deterministically generated from the seed at runtime. The private keys or seed are not stored on an electrum server. Electrum servers are queried for transaction details. They are sent your bitcoin addresses only. There are many electrum servers and they are all run by volunteers. They are funded solely by donations.

Harley997

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Quote from: Dxuz on June 02, 2014, 07:52:56 PM

I`m trying to pick either Multibit or Electrum.

Anyone using these, tell me the difference or which ones more user appeal.

Thanks!

Edit: I use a Mac

I personally use multibit. I find it to be very user friendly and easy to use.

My concern with Electrum is that your keys are stored on the server, making it not only possible for your keys/wallet to be hacked but also opening the possibility that you lose your seed (and your coins).

Testing123

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Activity: 561

Merit: 500

Quote from: byt411 on June 02, 2014, 01:32:42 PM

Quote from: byt411 on June 02, 2014, 01:32:42 PM

I vote for electrum due to its fast sync time, newbie-friendliness and the ability to select fees clearly.
Multibit is planning to force a big transaction fee so that the developers can take a cut of that...

This is a newb question, outside the ones that electrum provided with the 4-5 btc address.

Is there a way to create more? I cant seem to find this function.

Once you use up all of them, electrum will generate more automatically.
You can always import an address, but that won't be recovered by the seed.

what do you mean?

The seed (12 words) can be used to generate the same private keys (and hence addresses) again and again (deterministic).
But for your imported private key, it can not be generated from your seed.

Dxuz

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Quote from: byt411 on June 02, 2014, 01:32:42 PM

I vote for electrum due to its fast sync time, newbie-friendliness and the ability to select fees clearly.
Multibit is planning to force a big transaction fee so that the developers can take a cut of that...

This is a newb question, outside the ones that electrum provided with the 4-5 btc address.

Is there a way to create more? I cant seem to find this function.

Once you use up all of them, electrum will generate more automatically.
You can always import an address, but that won't be recovered by the seed.

what do you mean?

bangi

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Activity: 68

Merit: 10

I vote for electrum due to its fast sync time, newbie-friendliness and the ability to select fees clearly.
Multibit is planning to force a big transaction fee so that the developers can take a cut of that...

This is a newb question, outside the ones that electrum provided with the 4-5 btc address.

Is there a way to create more? I cant seem to find this function.

Once you use up all of them, electrum will generate more automatically.
You can always import an address, but that won't be recovered by the seed.

Oh okay, thanks

byt411

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Activity: 798

Merit: 1000

I vote for electrum due to its fast sync time, newbie-friendliness and the ability to select fees clearly.
Multibit is planning to force a big transaction fee so that the developers can take a cut of that...

This is a newb question, outside the ones that electrum provided with the 4-5 btc address.

Is there a way to create more? I cant seem to find this function.

Once you use up all of them, electrum will generate more automatically.
You can always import an address, but that won't be recovered by the seed.

nickenburg

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Activity: 434

Merit: 511

I`m trying to pick either Multibit or Electrum.

Anyone using these, tell me the difference or which ones more user appeal.

Thanks!

Edit: I use a Mac

Im using Multibit for quite a while now, and I really like the program.
It start's up really fast, and the blockchain it downloaded on my pc is only 307 mb.
Also I chose multibit because they have it in my language: Dutch
However Ive never heard of Electrum so I wouldnt know anything about that wallet.

bangi

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Activity: 68

Merit: 10

Quote from: cp1 on June 02, 2014, 12:59:52 PM

I vote for electrum due to its fast sync time, newbie-friendliness and the ability to select fees clearly.
Multibit is planning to force a big transaction fee so that the developers can take a cut of that...

This is a newb question, outside the ones that electrum provided with the 4-5 btc address.

Is there a way to create more? I cant seem to find this function.

byt411

hero member

Activity: 798

Merit: 1000

I vote for electrum due to its fast sync time, newbie-friendliness and the ability to select fees clearly.
Multibit is planning to force a big transaction fee so that the developers can take a cut of that...

bangi

member

Activity: 68

Merit: 10

I just need it for gambling, cause sometimes the confirmations will eat up the gambling bet time.

Thanks for all the inputs.

CEG5952

hero member

Activity: 658

Merit: 500

Buy and sell bitcoins,

Another vote for electrum. The main advantage is that you only need to write down your secret key phrase once and all current & future addresses in your wallet are backed up. With multibit you have to keep making backups the more you use it.

It's a huge convenience that the Electrum seed allows access to all addresses. That's one of the things that always bugged me about QT -- remembering to make regular backups. On the flip side, though, it's good practice to be making regular backups... Wink

cp1

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Stop using branwallets

Another vote for electrum. The main advantage is that you only need to write down your secret key phrase once and all current & future addresses in your wallet are backed up. With multibit you have to keep making backups the more you use it.

Swadq

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I'm currently using Electrum, and have been for months now. It's really lightweight, I was up and running within a minute.

Having said that, multibit are working on some great new features right now, so I might consider them. The transaction fee they've added is a little controversial though, I'm not sure how you'd feel about that: http://www.coindesk.com/cash-strapped-multibit-developers-charge-transaction-fee/

CEG5952

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Buy and sell bitcoins,

I prefer Electrum when looking for a very lightweight wallet. Syncs extremely quickly. Although, if I were concerned about privacy, I may look elsewhere, due to the its system of nodes (which allow for such quick syncing).

bangi

member

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Merit: 10

Quote from: Abdussamad on June 02, 2014, 12:08:35 PM