Topic: Newbie question -_- bitcoin download - page 2. (Read 1273 times)
Local software based wallets are for sure the safest, although I've had a lot of success using the blockchain.info wallet. Lots of ways to secure it, 2 factor auth, via your cell phone, etc. If you are diligent and don't use easily identifiable passwords, you'll be largely secure.
hi im new here , what's the difference between software,mobile and web wallets? because im confused on which i should download. thank you in advance guys...
In a few words:
Software wallets (like BitcoinQT) generally involve downloading the blockchain and are a bit harder to use and understand, but are ultimately safest because you alone are controlling your coins. I wouldn't recommend them for a beginner but they have very important advantages to the others.
Mobile wallets I believe refer to wallets you can use from your cell phone; I don't use any of these so I'm not familiar with them.
Web wallets don't involve downloading anything at all, but ultimately you are not holding your own coins, somebody else is holding them for you, so you have to trust that the person/company running the web wallet won't run off with your coins (which has happened many times).
I recommend blockchain.info's web wallet for any small (say under $200USD equivalent) amount of bitcoin, but I recommend reading a lot more and doing your own research before choosing a wallet, web or otherwise; it's up to you to decide who you trust.
In my opinion, I would go with the original bit coin-qt wallet for the most safe/stable one out there
You can store your coins either online with the disadvantage they may be stolen if the respective web server is hacked or you can store them directly at your computer/cell phone etc. Third alternative would be to print the coins/keys ("cold wallet").
I´d recommend to use a wallet directly on your computer, e.g. bitcoinqt. However bitcoinqt downloads the whole blockchain (a list of all transactions ever made). Thats about 10GB. Therefore, I use electrum, which is also a wallet that stores your coins on your computer but does not download the blockchain.
http://electrum.org/
I´d recommend to use a wallet directly on your computer, e.g. bitcoinqt. However bitcoinqt downloads the whole blockchain (a list of all transactions ever made). Thats about 10GB. Therefore, I use electrum, which is also a wallet that stores your coins on your computer but does not download the blockchain.
http://electrum.org/
thank you so much sir, im trying that electrum ... ^_^
hi im new here , what's the difference between software,mobile and web wallets? because im confused on which i should download. thank you in advance guys...
In a few words:
Software wallets (like BitcoinQT) generally involve downloading the blockchain and are a bit harder to use and understand, but are ultimately safest because you alone are controlling your coins. I wouldn't recommend them for a beginner but they have very important advantages to the others.
Mobile wallets I believe refer to wallets you can use from your cell phone; I don't use any of these so I'm not familiar with them.
Web wallets don't involve downloading anything at all, but ultimately you are not holding your own coins, somebody else is holding them for you, so you have to trust that the person/company running the web wallet won't run off with your coins (which has happened many times).
I recommend blockchain.info's web wallet for any small (say under $200USD equivalent) amount of bitcoin, but I recommend reading a lot more and doing your own research before choosing a wallet, web or otherwise; it's up to you to decide who you trust.
weee.. thank you for this, ive learn so many things about bitcoin wallets...and i knew now what blockchain means xD ... thank you!
You can store your coins either online with the disadvantage they may be stolen if the respective web server is hacked or you can store them directly at your computer/cell phone etc. Third alternative would be to print the coins/keys ("cold wallet").
I´d recommend to use a wallet directly on your computer, e.g. bitcoinqt. However bitcoinqt downloads the whole blockchain (a list of all transactions ever made). Thats about 10GB. Therefore, I use electrum, which is also a wallet that stores your coins on your computer but does not download the blockchain.
http://electrum.org/
I´d recommend to use a wallet directly on your computer, e.g. bitcoinqt. However bitcoinqt downloads the whole blockchain (a list of all transactions ever made). Thats about 10GB. Therefore, I use electrum, which is also a wallet that stores your coins on your computer but does not download the blockchain.
http://electrum.org/
hi im new here , what's the difference between software,mobile and web wallets? because im confused on which i should download. thank you in advance guys...
In a few words:
Software wallets (like BitcoinQT) generally involve downloading the blockchain and are a bit harder to use and understand, but are ultimately safest because you alone are controlling your coins. I wouldn't recommend them for a beginner but they have very important advantages to the others.
Mobile wallets I believe refer to wallets you can use from your cell phone; I don't use any of these so I'm not familiar with them.
Web wallets don't involve downloading anything at all, but ultimately you are not holding your own coins, somebody else is holding them for you, so you have to trust that the person/company running the web wallet won't run off with your coins (which has happened many times).
I recommend blockchain.info's web wallet for any small (say under $200USD equivalent) amount of bitcoin, but I recommend reading a lot more and doing your own research before choosing a wallet, web or otherwise; it's up to you to decide who you trust.
hi im new here , what's the difference between software,mobile and web wallets? because im confused on which i should download. thank you in advance guys...
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