How can I go about choosing a software wallet when there appear to be so many? - page 2.

jbrnt

hero member

Activity: 672

Merit: 500

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

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

The most popular is Electrum and Multibit. Being a light SPV client, you do not need to download the full blockchain. The difference is really the interface. Why not download both of them? Try them out with no bitcoin in them, or send 0.01 to each of the wallets and play around with their interfaces. Choose the one you can easily understand and feel comfortable with.

Omikifuse

legendary

Activity: 1834

Merit: 1009

I use electrum for the ease of install.

In fact all centralized wallets are more or less the same, so if you won't install the core, pick any other wallet

darkangel11

legendary

Activity: 2296

Merit: 1335

Don't let others control your BTC -> self custody

I'm using Multibit. It's fast and easy to use, more user friendly than core and you don't have to download the whole chain which is a plus IMO.

Mickeyb

hero member

Activity: 798

Merit: 1000

Move On !!!!!!

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?

When I was new to Bitcoin I have chosen Multibit. It has a very welcoming GUI and it's not hard to use. It's also very easy to secure. So I would suggest you a Multibit.

Later I had to change for Electrum since the have offered first the support for Trezor and even today Electrum looks kind of cold to me. Very simplistic.

achow101

staff

Activity: 3458

Merit: 6793

Just writing some code

Check the list of wallets on Bitcoin.org, but don't use any web wallets. Most web wallets (like coinbase) don't give you control of the private keys so you don't actually have control of the Bitcoin. Even though blockchain.info doesn't have control of your private keys, their service generally sucks and they have had many mistakes and mishaps that really shouldn't have happened.

I would recommend using Electrum if you are ok with less security and using SPV. This is if you want to trade security for speed.

If you want something secure, use Bitcoin Armory. I find it to be easy to use and quite secure, the only issue is that it takes ages to load.

For a lot of security, use a hardware wallet like a trezor.

You can (and should) keep some bitcoin in cold storage on a paper wallet which is the most secure option.

hashman

legendary

Activity: 1264

Merit: 1008

multibit
electrum
bitcoin-core
therealbitcoin
coinb.in
darkwallet

also you should be VERY familiar with
bitaddress.org

Just try them, use them as you see fit, and move on if you don't like them. Just like you'd do to choose any other software product like OS for example.

gentlemand

legendary

Activity: 2590

Merit: 3015

Welt Am Draht

Go with the best established wallets with the most feedback and select one based on the features you need. See how many times they pop up in conversation elsewhere and on here and whether there's a dedicated thread, which should definitely be the case for any wallet worth considering.

I find it really weird when newbies ask for takes on wallets no one else has ever heard of, not that I'm saying that about the OP, when there are no shortage of well proven choices. It's the one thing no one should be taking a speculative punt on.

acroman08

legendary

Activity: 2436

Merit: 1104

Im using coinbase right now but im not storing huge amount of btc.
I invest most of my btc so I can earn continuously. Im using my wallet when I need to
Widraw or deposit some btc on my other acc.

XCASH

legendary

Activity: 929

Merit: 1000

Electrum and multibit are my favorites. Neither requires a giant time consuming download of the blockchain before you can use them. Being honest I prefer the old classic multibit to the latest wallet because the older one was less hassle to set up. The only real difference is the latest version requires you to make a password, whereas you could choose to omit a password for the old wallet, which I preferred for a wallet that only held a small amount. However, the old multibit wallet is no longer supported.

DannyHamilton

legendary

Activity: 3472

Merit: 4801

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?

It depends on your needs.

If you have enough resources (internet bandwidth, RAM, processor speed, and non-volatile storage) then you can run a full node such as Armory or Bitcoin Core.

If you only need an SPV wallet, then I'd suggest MultiBit.

Electrum is also popular.

rscholey

newbie

Activity: 52

Merit: 0

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?

Topic: How can I go about choosing a software wallet when there appear to be so many? - page 2. (Read 1606 times)