Locking this thread as there is a General thread for this which has almost all the information you need and in which you can ask questions: https://bitcointalksearch.org/topic/general-bitcoin-wallets-which-what-why-1631151
Also, the thread has also received enough quality answers and post quality has started dropping quickly, so locking it for this reason as well.
Topic: I need a wallet recommendation ??? (Read 2391 times)
-Blockchain.info one of the best in providing the facilities required by the users of bitcoin, bitcoin security becomes high priority also provides cold storage facilities, where the digital currency Bitcoin you are not stored online, but offline, so avoid theft activity of hackers.
-Xapo
-coinbase
if you want to secure and protected from theft i recommend choosing Software Wallet like Electrum
-Xapo
-coinbase
if you want to secure and protected from theft i recommend choosing Software Wallet like Electrum
A “Bitcoin wallet” is basically the Bitcoin equivalent of a bank account. It allows you to receive bitcoins, store them, and then send them to others.
There are four main types of wallets
Desktop/Software Wallet is one that you install on your own computer or mobile device. You are in complete control over the security of your coins, but they can sometimes be tricky to install and maintain.
Hardware Wallet is like movable thing where you can store your own bitcoin and carry anywhere build with strong security.
Smartphone/App Wallet are also great tool to get control over your web wallet with apps. Some of actual just apps are also can be used to send, receive or store bitcoins securely.
Web Wallet or hosted wallet is one that is hosted by a third party. They are often much easier to use, but you have to trust the provider to maintain high levels of security to protect your coins.
This information sourced from Pocket Bitcoin Guide
There are four main types of wallets
Desktop/Software Wallet is one that you install on your own computer or mobile device. You are in complete control over the security of your coins, but they can sometimes be tricky to install and maintain.
Hardware Wallet is like movable thing where you can store your own bitcoin and carry anywhere build with strong security.
Smartphone/App Wallet are also great tool to get control over your web wallet with apps. Some of actual just apps are also can be used to send, receive or store bitcoins securely.
Web Wallet or hosted wallet is one that is hosted by a third party. They are often much easier to use, but you have to trust the provider to maintain high levels of security to protect your coins.
This information sourced from Pocket Bitcoin Guide
well if you are holding over 0.1 BTC i would get something like trezor or ledgerwallet. Multibit-HD or electrum are my recommendations from software wallet side.
Mycelium is a decent wallet for android phones, since it has much functionality. And also you can attach ledgerwallet nano or ledgerwallet nano S via usb OTG to your phone so you will need that to sign the transaction on the ledger hardware wallets.
I do not know about iOS, feel free to ask more if needed .)
Mycelium is a decent wallet for android phones, since it has much functionality. And also you can attach ledgerwallet nano or ledgerwallet nano S via usb OTG to your phone so you will need that to sign the transaction on the ledger hardware wallets.
I do not know about iOS, feel free to ask more if needed .)
Electrum works pretty good
What exactly is a paper wallet? How do you shop with your paper wallet. Is it different from other wallets?
A paper wallet is a wallet where your Bitcoin private keys are literally printed out onto paper. These keys are usually encrypted with a password so that not everyone can steal them. Paper wallets are typically used for long term cold storage. The idea is that you use them when you don't plan on spending the Bitcoin for a while.In order to spend from Paper wallets, you need to import the private keys into a wallet software such as Electrum and then just spend the Bitcoin as you normally would.
Hello,
I'm researching bitcoin wallets, but I still haven't decided. Online wallets are said to be unsafe. I'm thinking of using one of the desktop wallet software. Which wallet you recommend is easy to use.
i use only paper wallets to hold ... and for regular daily work and trading i am using blockchain.infoI'm researching bitcoin wallets, but I still haven't decided. Online wallets are said to be unsafe. I'm thinking of using one of the desktop wallet software. Which wallet you recommend is easy to use.
What exactly is a paper wallet? How do you shop with your paper wallet. Is it different from other wallets?
Hello,
I'm researching bitcoin wallets, but I still haven't decided. Online wallets are said to be unsafe. I'm thinking of using one of the desktop wallet software. Which wallet you recommend is easy to use.
i use only paper wallets to hold ... and for regular daily work and trading i am using blockchain.info I'm researching bitcoin wallets, but I still haven't decided. Online wallets are said to be unsafe. I'm thinking of using one of the desktop wallet software. Which wallet you recommend is easy to use.
Our vote goes to Mycelium too (if mobile is ok). We've been using it for years now and never had any problems with it.
Actually there are many wallet services providers are in market such as Coinbase, Xapo, BTC.io, Blockchain.info and many more. But I am using Blockchain. Blockchain gives you more control with your bitcoins.
Just main disadvantage of blockchain.info is that we have to pay transaction fees. But still its best. Because blockchain.info only provide private keys of your public wallets address. None of other offer you private keys.
Just main disadvantage of blockchain.info is that we have to pay transaction fees. But still its best. Because blockchain.info only provide private keys of your public wallets address. None of other offer you private keys.
i won't suggest using online wallets or exchanges to newbies to store their coins as the security level for you is lower compared to using desktop wallets such as bitcoin core or electrum. those sites you mentioned maybe trusted today but we will never know what can happen to them in the future. they may claim they got hacked or something like that and our coins will be gone
Actually there are many wallet services providers are in market such as Coinbase, Xapo, BTC.io, Blockchain.info and many more. But I am using Blockchain. Blockchain gives you more control with your bitcoins.
Just main disadvantage of blockchain.info is that we have to pay transaction fees. But still its best. Because blockchain.info only provide private keys of your public wallets address. None of other offer you private keys.
Just main disadvantage of blockchain.info is that we have to pay transaction fees. But still its best. Because blockchain.info only provide private keys of your public wallets address. None of other offer you private keys.
I'd recommend you, personally, blockchain.info one. I've created it a while ago and didn't replace it, and I've never had any problems with it. I don't know why people are avoiding it. :/
People avoid it because online wallets are not as safe as paper wallets. There is a chance of your coins getting stolen, if someone steals your password, or if your email gets hacked. But I would agree that Blockchain.info is the best online wallet out there.
Hey guys im looking for bitcoin cold storage?
Any prefer site you know, kindly share and pm me thanks
Any prefer site you know, kindly share and pm me thanks
Well you can use Trezor Hardware Wallet which is pretty safe an secure.
Hey guys im looking for bitcoin cold storage?
Any prefer site you know, kindly share and pm me thanks
Any prefer site you know, kindly share and pm me thanks
Cold storage literally meany offline, so there cant be a site where you use an offline wallet. You have to do it yourself, e.g. with an old laptop.
I'd recommend you, personally, blockchain.info one. I've created it a while ago and didn't replace it, and I've never had any problems with it. I don't know why people are avoiding it. :/
I also like blockchain.info for newcomers to bitcoin. I's a straight forward website and you can set the fees yourself.
But once you accumulated more than 1 BTC I would store your money in an online wallet, better go for a desktop version.
Hey guys im looking for bitcoin cold storage?
Any prefer site you know, kindly share and pm me thanks
Any prefer site you know, kindly share and pm me thanks
Thanks for the answers
Bitcoin Core is not a very good choice for a newcomer to me. It can be used to store and use btc in small quantities like web-based wallets. Hardware wallets are not very reliable for me. We do not know how secure firmware is.
The best choice for a newcomer will be Multibit HD or Electrum. For the moment I made my choice as Multibit HD. I could try different wallets in the future.
Bitcoin Core is not a very good choice for a newcomer to me. It can be used to store and use btc in small quantities like web-based wallets. Hardware wallets are not very reliable for me. We do not know how secure firmware is.
The best choice for a newcomer will be Multibit HD or Electrum. For the moment I made my choice as Multibit HD. I could try different wallets in the future.
Great breakdown. For very cold storage I would say the paper wallet wins hands down, and for a cold but not ice cold solution, the hardware wallet takes the cake.
Couldn't have said it better but in order to make paper wallet the most safe option it has to be handled very carefully. They don't leave much space for mistakes.
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This is awesome. I love your Computer Programming approach to this problem. And to the original poster, please search this forum before asking new topics. Thanks!
Thanks, but Flowcharts aren't limited to programming only. They are a great way of visualizing a process and help in making decisions by showing the steps that should be taken.
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