Topic: I need a wallet recommendation ??? - page 2. (Read 2391 times)
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!
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. :/
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.
Its up to you my friend, you choose your own wallet that suits your taste. There are lots of websites where you can create your btc address. And for me im using coinbase and xapo wallet , and when i want to exchange it a have coins.ph account were i can convert my btc to fiat in an instant. 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.
If you are looking for a normal Bitcoin wallet for general use then MultiBit is going to do good. Just keep your computer secure with antivirus/malware software and you will be fine.
If you have an Android phone, I'd also recommend you to check out MyCelium. I have been using MyCelium for more than two years now. I like how 'mobile' it is and I can access my Bitcoin anytime and anywhere.
If you have an Android phone, I'd also recommend you to check out MyCelium. I have been using MyCelium for more than two years now. I like how 'mobile' it is and I can access my Bitcoin anytime and anywhere.
♯
Good chart but is there really any advantage to a hardware wallet over encrypted multisig paper wallets for cold storage? I suppose you don't need to have a bunch of paper wallets in different locations so it makes life easier, but when I talk about "cold storage", I don't want life to be a little easier to access the coins, you know?
Good chart but is there really any advantage to a hardware wallet over encrypted multisig paper wallets for cold storage? I suppose you don't need to have a bunch of paper wallets in different locations so it makes life easier, but when I talk about "cold storage", I don't want life to be a little easier to access the coins, you know?
Paper wallet:
- Free!
- Easier to hide and less risk of being stolen (nobody steals a piece of paper buried among many other useless papers but they will steal a nice looking hardware wallet)
- Spending it is a bit hard (or easy! you can download an SPV wallet, sweep and spend)
- Making it is not easy.
Hardware wallet:
- Not free and even expensive.
- I'd say it is harder to hide than your encrypted private key on a piece of paper
- Easier to spend from
- You are trusting a third party to give you a bug-free and safe enough tool
- Risk of hardware failure. like any other hardware it can fail too.
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.
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'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.
If you wanna use desktop wallet use Multibit HD Desktop Wallet or Copay Chrome App.
Reason to recommend you this wallet is because both supports Trezor which the most secured Hardware Wallet for Bitcoin.
♯
Good chart but is there really any advantage to a hardware wallet over encrypted multisig paper wallets for cold storage? I suppose you don't need to have a bunch of paper wallets in different locations so it makes life easier, but when I talk about "cold storage", I don't want life to be a little easier to access the coins, you know?
Good chart but is there really any advantage to a hardware wallet over encrypted multisig paper wallets for cold storage? I suppose you don't need to have a bunch of paper wallets in different locations so it makes life easier, but when I talk about "cold storage", I don't want life to be a little easier to access the coins, you know?
Paper wallet:
- Free!
- Easier to hide and less risk of being stolen (nobody steals a piece of paper buried among many other useless papers but they will steal a nice looking hardware wallet)
- Spending it is a bit hard (or easy! you can download an SPV wallet, sweep and spend)
- Making it is not easy.
Hardware wallet:
- Not free and even expensive.
- I'd say it is harder to hide than your encrypted private key on a piece of paper
- Easier to spend from
- You are trusting a third party to give you a bug-free and safe enough tool
- Risk of hardware failure. like any other hardware it can fail too.
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.
They are unsafe. With software wallet you control your coins.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 would recommend bitcoin core (nowadays is fast enough to use day to day basis), multibit (SPV wallet very very fast) or electrum which is third party server based so there are privacy concers but aside from that its good.
Use the default one with encryption. Wallet its the most safe so far 
Good chart but is there really any advantage to a hardware wallet over encrypted multisig paper wallets for cold storage? I suppose you don't need to have a bunch of paper wallets in different locations so it makes life easier, but when I talk about "cold storage", I don't want life to be a little easier to access the coins, you know?
Not much except easier mobility if you choose a Ledger Nano or Ledger HW.1 hardware wallet. All you need is your pin, a PC with google chrome and your security card with you in order to use it whenever you have a PC available. Other than this advantage I don't know over multisig paper wallets cold storage.
For small amounts and day to day use Web Wallets are fine, to store your funds a hardware wallet would be better.
Good chart but is there really any advantage to a hardware wallet over encrypted multisig paper wallets for cold storage? I suppose you don't need to have a bunch of paper wallets in different locations so it makes life easier, but when I talk about "cold storage", I don't want life to be a little easier to access the coins, you know?
I'm using a desktop wallet of bitcoin core version 0.13.1 . it's very good for me .
this wallet is easy to use and very safe to store and transfer bitcoins to anywhere.
you should encrypte your wallet pass and creat your own private key for security.
i personally have no experience of such things and that is the reason that i mostly use the online wallet i like to learn about it that how can i use a dsktop wallt if some one can give me some idea about that. this wallet is easy to use and very safe to store and transfer bitcoins to anywhere.
you should encrypte your wallet pass and creat your own private key for security.
I'm using a desktop wallet of bitcoin core version 0.13.1 . it's very good for me .
this wallet is easy to use and very safe to store and transfer bitcoins to anywhere.
you should encrypte your wallet pass and creat your own private key for security.
this wallet is easy to use and very safe to store and transfer bitcoins to anywhere.
you should encrypte your wallet pass and creat your own private key for security.
In the above comments Shorena have explained you clearly about most of the wallets but even then i can give my own experience of using electrum desktop wallet which is more secure and light weight, in this the most important thing to keep secure is the passphrase key , because with this key you can regenerate you old wallet anywhere and anytime even if you lose the wallet.dat file. As with this passphrase key you can download the software from anywhere and go for backup key and insert the passphrase and your old wallet is regenerated with all the coins stored in it with addresss safely.
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'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.
Though desktop wallets are better, but online wallets are not that much unsafe as people would tell you, you can keep some funds in them without any problem as long as you are not willing to hold them for long and they are not too much like more than 0.5btc as that is around $500 now a days, so you can keep your daily transacting bitcoins in an online wallet too. Blockchain can be the best for that.
If you're unsure of which wallet to use, and for which purpose, maybe I can help you out by giving my 2c on how people should handle their coins. Anyone else please feel free to critique.
1. One wallet for buying/selling bitcoin. This wallet is never used to store bitcoin as you're trusting a third party with them, only as a mediator for buying and selling your coins. This wallet should be located on an exchange for bitcoin. This is your "exchange" wallet.
2. One wallet for spending bitcoin. This wallet you will treat like your wallet that you keep cash in. You only keep enough money in it that you wouldn't mind losing, your spending cash. This wallet can be located on an online wallet, exchange, paper wallet, mobile wallet (I would most recommended), and hardware wallet. This is your "hot" wallet.
3. One wallet for storing your bitcoin. This wallet will be treated as your "savings account" or "investment account", only ever depositing funds but never unless under extreme circumstances withdrawing funds. This wallet can be a hardware wallet, or multiple multisig paper wallets in various safe physical locations (I would most recommend). This is your "cold" wallet.
That's what I feel is the most optimal, safe, and convenient way to store your coins, let me know what you all think.
1. One wallet for buying/selling bitcoin. This wallet is never used to store bitcoin as you're trusting a third party with them, only as a mediator for buying and selling your coins. This wallet should be located on an exchange for bitcoin. This is your "exchange" wallet.
2. One wallet for spending bitcoin. This wallet you will treat like your wallet that you keep cash in. You only keep enough money in it that you wouldn't mind losing, your spending cash. This wallet can be located on an online wallet, exchange, paper wallet, mobile wallet (I would most recommended), and hardware wallet. This is your "hot" wallet.
3. One wallet for storing your bitcoin. This wallet will be treated as your "savings account" or "investment account", only ever depositing funds but never unless under extreme circumstances withdrawing funds. This wallet can be a hardware wallet, or multiple multisig paper wallets in various safe physical locations (I would most recommend). This is your "cold" wallet.
That's what I feel is the most optimal, safe, and convenient way to store your coins, let me know what you all think.
You dont want web wallets? Then use mycellium and electrum. These two are the best for me. I use these for a long time and did not encountered any problems. You dont have to worry about losing your btc. Because you are the only one who has the access to your private keys.
Its also indeed online wallets are not safe. They suspends accounts which is bad because they taking your money.
Its also indeed online wallets are not safe. They suspends accounts which is bad because they taking your money.
As a beginner I decided to use Multibit HD because it provides both ease of use and more comprehensive security. thanks for the answer.
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