Newbie needs a wallet - page 3. | Bitcointalksearch.org

virtualx

hero member

Activity: 672

Merit: 508

LOTEO

Quote from: CoinGenie on December 06, 2015, 06:01:33 PM

Thanks for all your suggestions. I looked at the list...is there any advantage/disadvantage to using Circle? I will need to change the funds into fiat money at some point and it says they can do this?

All wallets can change to fiat using an exchange or trader. The disadvantage is you don't own the private key, this means the third party (Circle) has control of your bitcoins. If you are the sole owner of a private key, you have 100% controls of the bitcoins without relying on a third party. The advantage of Circle is it looks easy to use.

n691309

legendary

Activity: 1526

Merit: 1001

I would not recommend using web wallets(even though it is the easiest way) but use Electrum or Micelium as mobile wallet.

Hazir

legendary

Activity: 1596

Merit: 1005

★Nitrogensports.eu★

The only 2 wallet I can recommend you are MultiBit HD orElectrum, the second one allows you to recover your wallet from a secret phrase.
These 2 are the best newbie friendly wallet imo. They are software based and don't need whole blockchain on your machine to be functional.

CoinGenie

newbie

Activity: 5

Merit: 0

Thanks for all your suggestions. I looked at the list...is there any advantage/disadvantage to using Circle? I will need to change the funds into fiat money at some point and it says they can do this?

achow101

staff

Activity: 3458

Merit: 6793

Just writing some code

IMO web wallets are bad, especially Blockchain.info. However, if you are intent on using a web wallet, choose one from https://bitcoin.org/en/choose-your-wallet in the "web" tab. That lists several wallets and the web tab specifically web wallets. These wallets are considered good and trustable wallets to use. The site will also tell you some information on the wallets security and privacy. You may notice that blockchain.info isn't there, and that is for good reason.

HardForkComing

full member

Activity: 238

Merit: 100

Best web wallet is blockchain.info (imo). It has had its bad times, but it's still reliable.

CoinGenie

newbie

Activity: 5

Merit: 0

Hello everyone, I am new to this and having been spending most of the weekend trying to understand how everything works. I think I am getting there but just wandered whether anyone could suggest the best option I could use for a wallet. Only proviso is that I don’t want it to show on my computer and so not a desktop wallet or one for my mobile phone. So I guess I am asking what the best web based wallet is? Any suggestions?

Topic: Newbie needs a wallet - page 3. (Read 2376 times)