Topic: Please recommend a wallet that can see the private key and only store Bitcoin - page 2. (Read 321 times)
March 18, 2022, 03:07:08 AM
so if you transfer seed from coinomi to tronlink you'll have your money not on first or second but on say 16th wallet in the list. example made
March 18, 2022, 02:50:43 AM
Software wallet
Hardware wallet
thank you very much - BlueWallet: https://bluewallet.io/
- Wasabi Wallet: https://wasabiwallet.io/
Hardware wallet
- Trezor with Bitcoin-only firmware: https://shop.trezor.io/btc-only/
- Coldcard: https://coldcard.com/
There is also a question, whether the seed phrase can only be used in the generated wallet, or can also be used in other wallets.
All wallet do implemented BIP39, so any wallet can recognize any seed pharse generated on other wallet since they're work same. If you can't import your seed pharse or the wallet doesn't have such features, pretty sure it's custodial wallet. Don't need to worry if your private keys always change, it just for better privacy. If you don't want your private key changed, you can use electrum.
[moderator's note: consecutive posts merged]
March 18, 2022, 02:36:15 AM
There is also a question, whether the seed phrase can only be used in the generated wallet, or can also be used in other wallets.
All wallet do implemented BIP39, so any wallet can recognize any seed pharse generated on other wallet since they're work same. If you can't import your seed pharse or the wallet doesn't have such features, pretty sure it's custodial wallet. Don't need to worry if your private keys always change, it just for better privacy. If you don't want your private key changed, you can use electrum.
March 18, 2022, 01:18:42 AM
Using open-source and non-custodial wallets like electrum or wasabi wallet, you have full control over your bitcoins. Limit storing your bitcoins on exchanges, it is very risky to give your assets to third parties to hold.
If you are a long-term investor and you have money, better buy yourself a cold wallet( ledger, Trezor).
If you are a long-term investor and you have money, better buy yourself a cold wallet( ledger, Trezor).
Thank you very much, the amount of my assets has not reached the level that I need to keep it in a cold wallet. I'm just trying to find a balance between convenience and security.
... In the wallet I used before, every time I transfer btc, the wallet will change the private key by default, which causes me to back up the private key every time I transfer btc.And I can't see my private key either, it's hidden by the wallet. This makes my private key especially easy to lose....
Most wallets now generate private keys based on a "seed phrase" (aka "recovery phrase"). Because the private keys generated by the wallet are always the same for that seed phrase, there is no need to back up every private key. You only need to back up the seed phrase.
Being concerned about multi-coin wallets with low security is fine, but any concern about a wallet using a unique address for each transaction is unfounded.
However, is the seed of each wallet can only be used by itself and not each other？
I don't trust exchanges, so I want to have a wallet with good security that can inquire private keys and only store bitcoins.
I see that many of the recommendations on the official website are multi-chain wallets.The applicability is good, but the security is not enough.
What official website are you talking about? And what recommendations were you given?I see that many of the recommendations on the official website are multi-chain wallets.The applicability is good, but the security is not enough.
In the wallet I used before, every time I transfer btc, the wallet will change the private key by default, which causes me to back up the private key every time I transfer btc.And I can't see my private key either, it's hidden by the wallet. This makes my private key especially easy to lose.
What wallet did you use before? Most wallets these days show the seed phrase rather than the private key for easy backup. And, after transferring bitcoins, the sending address might be changed to an unused one for privacy, but the seed phrase or xpriv remains the same.So please recommend a single-chain wallet that you think can query the private key and only store Bitcoins. The function is only to store btc, with high security, no other functions are required. For other functions, I will use a multi-chain wallet, and the money in it will be very small.
• Bitcoin core,• Electrum.
There is also a question, whether the seed phrase can only be used in the generated wallet, or can also be used in other wallets.
[moderator's note: consecutive posts merged]
March 18, 2022, 12:16:08 AM
I don't trust exchanges, so I want to have a wallet with good security that can inquire private keys and only store bitcoins.
I see that many of the recommendations on the official website are multi-chain wallets.The applicability is good, but the security is not enough.
What official website are you talking about? And what recommendations were you given?I see that many of the recommendations on the official website are multi-chain wallets.The applicability is good, but the security is not enough.
In the wallet I used before, every time I transfer btc, the wallet will change the private key by default, which causes me to back up the private key every time I transfer btc.And I can't see my private key either, it's hidden by the wallet. This makes my private key especially easy to lose.
What wallet did you use before? Most wallets these days show the seed phrase rather than the private key for easy backup. And, after transferring bitcoins, the sending address might be changed to an unused one for privacy, but the seed phrase or xpriv remains the same.So please recommend a single-chain wallet that you think can query the private key and only store Bitcoins. The function is only to store btc, with high security, no other functions are required. For other functions, I will use a multi-chain wallet, and the money in it will be very small.
• Bitcoin core,• Electrum.
March 18, 2022, 12:03:19 AM
Software wallet
Hardware wallet
- BlueWallet: https://bluewallet.io/
- Wasabi Wallet: https://wasabiwallet.io/
Hardware wallet
- Trezor with Bitcoin-only firmware: https://shop.trezor.io/btc-only/
- Coldcard: https://coldcard.com/
March 18, 2022, 12:01:02 AM
... In the wallet I used before, every time I transfer btc, the wallet will change the private key by default, which causes me to back up the private key every time I transfer btc.And I can't see my private key either, it's hidden by the wallet. This makes my private key especially easy to lose....
Most wallets now generate private keys based on a "seed phrase" (aka "recovery phrase"). Because the private keys generated by the wallet are always the same for that seed phrase, there is no need to back up every private key. You only need to back up the seed phrase.
Being concerned about multi-coin wallets with low security is fine, but any concern about a wallet using a unique address for each transaction is unfounded.
March 17, 2022, 11:39:43 PM
Using open-source and non-custodial wallets like electrum or wasabi wallet, you have full control over your bitcoins. Limit storing your bitcoins on exchanges, it is very risky to give your assets to third parties to hold.
If you are a long-term investor and you have money, better buy yourself a cold wallet( ledger, Trezor).
If you are a long-term investor and you have money, better buy yourself a cold wallet( ledger, Trezor).
March 17, 2022, 11:17:54 PM
I don't trust exchanges, so I want to have a wallet with good security that can inquire private keys and only store bitcoins.
I see that many of the recommendations on the official website are multi-chain wallets.The applicability is good, but the security is not enough.In the wallet I used before, every time I transfer btc, the wallet will change the private key by default, which causes me to back up the private key every time I transfer btc.And I can't see my private key either, it's hidden by the wallet. This makes my private key especially easy to lose.
So please recommend a single-chain wallet that you think can query the private key and only store Bitcoins. The function is only to store btc, with high security, no other functions are required. For other functions, I will use a multi-chain wallet, and the money in it will be very small.
I see that many of the recommendations on the official website are multi-chain wallets.The applicability is good, but the security is not enough.In the wallet I used before, every time I transfer btc, the wallet will change the private key by default, which causes me to back up the private key every time I transfer btc.And I can't see my private key either, it's hidden by the wallet. This makes my private key especially easy to lose.
So please recommend a single-chain wallet that you think can query the private key and only store Bitcoins. The function is only to store btc, with high security, no other functions are required. For other functions, I will use a multi-chain wallet, and the money in it will be very small.
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