How can I go about choosing a software wallet when there appear to be so many?

kateryana81

sr. member

Activity: 423

Merit: 250

Quote from: ?? on ??

I'll give you few recommendation for wallet which easy to use & very light :
Desktop : Electrum
Android : Mycelium
iOS : Bread Wallet

An advice, don't store your bitcoin in exchange or online wallet, it's very dangerous. If you really need online wallet, you better pick Xapo.

Nice sort of different platform wallets. But I do not want to use my bitcoin on mobile phones.
I have account in blockchain. Now you recommend XAPO. let me check there too.

jonatuzc

hero member

Activity: 854

Merit: 501

My simple idea for choosing a your wallet.
By asking a software wallet you are ready to go for desktop wallet.
Now you need to decide to go full or light weight wallets based on your internet connection speed and volume limits.
Do not forget to encrypt wallet with a strong remember-able password.

Possum577

sr. member

Activity: 434

Merit: 250

Loose lips sink sigs!

Quote from: rscholey on September 30, 2015, 12:52:22 PM

I would like to store some bitcoins on a software wallet. But it seems like there are quite a few of these and new ones coming up all of the time.

For a newcomer like me can someone suggest which are the most popular?

Great question - here's a great site to help you sort through the options based on what you want out of the wallet.

https://bitcoin.org/en/choose-your-wallet

I've used this site several times. I hope it helps you!

notlist3d

legendary

Activity: 1456

Merit: 1000

Quote from: rscholey on October 06, 2015, 11:52:12 PM

Quote from: iram66680 on October 02, 2015, 05:36:54 AM

Choose one wallet and stick to it except if a change that you don't like appears.
Bitcoin core- For developers and people who care about security as bitcoin core verifies the entire block. It does take more space though.
SPV clients (MultiBit/Electrum)- For normal users, SPV client is usually enough and is ideal for people with smallish storage space. The security is not to the standards of Bitcoin core though.

What do you mean "The security is not to the standards of Bitcoin core though." ?

For one thing the core wallet downloads the entire blockchain. So you have to continually update if you use it. Other wallets like MultiBit/Electrum do not require this, they are "lightweight clients" I believe the term is.

Also one thing to consider is paper wallet is cold. I really like cold wallets personally. You can always import a paper wallet into a wallet with private key or QR. So you don't have to have a software option. Also hardware wallets have really came a long way.

brirobinan

newbie

Activity: 7

Merit: 0

You can choose your wallet based on following,
1. Your internet speed and bandwidth allows choose bitcoin core
2. If you prefer light weight wallet choose, multibit or multibit HD or Electrum
3. Advanced features: Armony or mSigma

https://bitcoin.org/en/choose-your-wallet

rscholey

newbie

Activity: 52

Merit: 0

Quote from: iram66680 on October 02, 2015, 05:36:54 AM

Choose one wallet and stick to it except if a change that you don't like appears.
Bitcoin core- For developers and people who care about security as bitcoin core verifies the entire block. It does take more space though.
SPV clients (MultiBit/Electrum)- For normal users, SPV client is usually enough and is ideal for people with smallish storage space. The security is not to the standards of Bitcoin core though.

What do you mean "The security is not to the standards of Bitcoin core though." ?

rscholey

newbie

Activity: 52

Merit: 0

Quote from: Velkro on October 02, 2015, 11:34:35 AM

Quote from: rscholey on September 30, 2015, 12:52:22 PM

I would like to store some bitcoins on a software wallet. But it seems like there are quite a few of these and new ones coming up all of the time.

For a newcomer like me can someone suggest which are the most popular?

You don't need to search anymore, bitcoin core today is fast enough to use for day to day use.
Before only multibit, but now multibit is stealing your funds each transaction :/

Does the bitcoin core wallet not require you to download the blockchain? How does it compare with other wallets for features?

rscholey

newbie

Activity: 52

Merit: 0

Quote from: CanIHazBitcoin777 on October 02, 2015, 07:35:20 PM

Quote from: iram66680 on October 02, 2015, 05:36:54 AM

Choose one wallet and stick to it except if a change that you don't like appears.
Bitcoin core- For developers and people who care about security as bitcoin core verifies the entire block. It does take more space though.
SPV clients (MultiBit/Electrum)- For normal users, SPV client is usually enough and is ideal for people with smallish storage space. The security is not to the standards of Bitcoin core though.

I hope Electrum will push their security to new levels, i plan to store tons of bitcoins will them in the future.

I hate to keep blockchain on my pc, its just a waste of space for my small pc.

What is the security problem you have with Electrum? How about other wallets, do you feel others offer better security / features?

CanIHazBitcoin777

member

Activity: 70

Merit: 10

Quote from: iram66680 on October 02, 2015, 05:36:54 AM

Choose one wallet and stick to it except if a change that you don't like appears.
Bitcoin core- For developers and people who care about security as bitcoin core verifies the entire block. It does take more space though.
SPV clients (MultiBit/Electrum)- For normal users, SPV client is usually enough and is ideal for people with smallish storage space. The security is not to the standards of Bitcoin core though.

I hope Electrum will push their security to new levels, i plan to store tons of bitcoins will them in the future.

I hate to keep blockchain on my pc, its just a waste of space for my small pc.

Velkro

legendary

Activity: 2296

Merit: 1014

Quote from: rscholey on September 30, 2015, 12:52:22 PM

I would like to store some bitcoins on a software wallet. But it seems like there are quite a few of these and new ones coming up all of the time.

For a newcomer like me can someone suggest which are the most popular?

You don't need to search anymore, bitcoin core today is fast enough to use for day to day use.
Before only multibit, but now multibit is stealing your funds each transaction :/

iram66680

hero member

Activity: 630

Merit: 502

Choose one wallet and stick to it except if a change that you don't like appears.
Bitcoin core- For developers and people who care about security as bitcoin core verifies the entire block. It does take more space though.
SPV clients (MultiBit/Electrum)- For normal users, SPV client is usually enough and is ideal for people with smallish storage space. The security is not to the standards of Bitcoin core though.

neonshium

hero member

Activity: 1134

Merit: 515

I have choose my wallet based on 2 criteria
1. I wanted my private key to be held within my control
2. Light weight wallet to save bandwidth and to reduce initial synchronization time

Other than above, the safety of your bitcoin is based on your password encryption like our email Account.

BitcoinNewsMagazine

legendary

Activity: 1806

Merit: 1164

Quote from: rscholey on September 30, 2015, 12:52:22 PM

I would like to store some bitcoins on a software wallet. But it seems like there are quite a few of these and new ones coming up all of the time.

For a newcomer like me can someone suggest which are the most popular?

Do yourself a favor and start out right using a hardware wallet. Trezor is very easy to use and you will never have your bitcoin stolen. Well worth $99. Documentation is very thorough and walks you through setup and use. A bonus is Trezor works with Mycelium wallet on Android.

notlist3d

legendary

Activity: 1456

Merit: 1000

Quote from: CanIHazBitcoin777 on September 30, 2015, 09:22:21 PM

Quote from: notlist3d on September 30, 2015, 09:19:36 PM

Quote from: CanIHazBitcoin777 on September 30, 2015, 08:38:38 PM

just use electrum and all will be fine, its simple and easy to use, no need for anything else....

I would not guarentee this if on a computer your using for internet and other things where it's online. This is considered a hot wallet if online.

OP look into cold wallets and hardware. Either one of these is the best as far as security. If storing a lot defeintally look into it.

yea but an online electrum is still better than shady online wallets. I heard many scammer wallets stole tons of bitcoins.

Not wanna get fucked by those, better to store them on your own no?

Depends on if computer is hacked or not. Not sure which wallets you are calling shady online wallets. Is there a specific one you are talking about?

But again cold wallet is better then hot wallet. There is some need for hot wallets, but look into hardware or paper wallets if storing a lot.

asad777

member

Activity: 98

Merit: 10

I recommend using MultiBit
Note : NEVER use any wallet that it is not listed here : https://bitcoin.org/en/choose-your-wallet
all of the wallets in that link are offically recommended and open source (impossible to steal your BTC)
open source mean that any developer can see all of the program codes (so you can make sure that there is no any suspicious code or something like this)

Amph

legendary

Activity: 3248

Merit: 1070

i would run core to avoid any problem that may come with spv client, iike the one that already happened, i know that you need to download almost 50gb, but you need to do it one time only

then you cna simply backup the whole chain and you're done, in the case of a format

foxkyu

hero member

Activity: 938

Merit: 1000

Quote from: rscholey on September 30, 2015, 12:52:22 PM

I would like to store some bitcoins on a software wallet. But it seems like there are quite a few of these and new ones coming up all of the time.

For a newcomer like me can someone suggest which are the most popular?

Since you are new, you can try web wallet. It's very easy to use.
But do not store a huge amount of btc on web wallet.
For huge amount of btc you can store you btc in hardware wallet or desktop wallet.

CanIHazBitcoin777

member

Activity: 70

Merit: 10

Quote from: notlist3d on September 30, 2015, 09:19:36 PM

Quote from: CanIHazBitcoin777 on September 30, 2015, 08:38:38 PM

just use electrum and all will be fine, its simple and easy to use, no need for anything else....

I would not guarentee this if on a computer your using for internet and other things where it's online. This is considered a hot wallet if online.

OP look into cold wallets and hardware. Either one of these is the best as far as security. If storing a lot defeintally look into it.

yea but an online electrum is still better than shady online wallets. I heard many scammer wallets stole tons of bitcoins.

Not wanna get fucked by those, better to store them on your own no?

notlist3d

legendary

Activity: 1456

Merit: 1000

Quote from: CanIHazBitcoin777 on September 30, 2015, 08:38:38 PM

just use electrum and all will be fine, its simple and easy to use, no need for anything else....

I would not guarentee this if on a computer your using for internet and other things where it's online. This is considered a hot wallet if online.

OP look into cold wallets and hardware. Either one of these is the best as far as security. If storing a lot defeintally look into it.

CanIHazBitcoin777

member

Activity: 70

Merit: 10

just use electrum and all will be fine, its simple and easy to use, no need for anything else....

Topic: How can I go about choosing a software wallet when there appear to be so many? (Read 1606 times)