I will start with the Desktop ones. They might be the safest option for anyone.
I will cover 4 wallets in all categories
1. Bitcoin-Qt: Bitcoin-Qt also knows as Bitcoin Core is the original bitcoin wallet. This is a full-node wallet, which
downloads the full blockchain which is about ~30Gb. Only use it if you have a lot of free disk space.
2. Multibit HD: Multibit is another good option when choosing wallets. Your wallet is secured by a passpharse
and a secret mnemotic. Multibit isn't a full-node wallet, so it doesn't need the whole Blockchain, saving time
and disk space.
3. Armory: Armory is a very secure bitcoin wallet, with an option for Cold Storage wallet. Armory is a full-node
wallet, so it will download a lot of data to your disk.
4. Electrum: Electrum isn't a full-node wallet, so it will save disk space for you. It's also a lightweight wallet
which saves on CPU and RAM usage.
Next, mobile wallets. They are safer than desktop ones, but don't store too much Coins in them.
1. Mycelium: Mycelium is the best wallet for mobile devices. However it requires a third party service to verify transaction, but
you have full control over your coins.
2. Bitcoin Wallet: Bitcoin Wallet is the best way to go. You have full control over your money. No 3rd party service required to
validate transactions. It's also open source. If you can, go with this one.
3. Bither: Bither is another good choice between mobile wallets. You have control over your coins, without any 3rd party
services. However, anonimity is not that great, because people can spy at your balance, and Tor is not allowed.
4. Copay: Copy is a good choice, but not as good as the ones above. It's great because you can set up 2FA but a 3rd party
is required to verify transactions. But you will have full control over your money.
5. Blocktrail Wallet: This wallet was introduced to my by a user. After you launch it, you will be prompted to sign up. You can choose
e-mail or just a username. I think that's a good thing. After, you will be asked for a PIN and to Backup your wallet and setup 2FA.
The app's UI look absolutly fantastic, looks like it was made by some professionals. It looks like a nice wallet, but I didn't use it yet.
Web wallets. If you want to access your coins anywhere you may use them, but Mobile Wallets are better than those.
1. Blockchain.info: Blockchain.info's my wallet is a great choise for Personal and Business use. You can combine it with their
powerful API and control your wallet in your own script.
2. Coinbase: Coinbase is a good choice, it's the same as Blockchain, but it has the ability to purchase BTC directly with USD.
3. Coinkite: Coinkite is the way to go, especially for Businesses. Coinkite offers POS terminals, you can set up at a strore and
receive payments in Bitcoin. You can store your Bitcoins and Litecoins there.
4. Xapo is the best available web wallet. It has 2FA, and a Cold Storage wallet. You can create more wallets inside an account,
and you can order a Xapo Debit Card, which you can spend your bitcoins directly from your wallet, without loading it every time.
Finally, hardware wallets. They are the safest option for storing Bitcoins.
1. Ledger Nano: Ledger Nano is just like a small bank, built on a smart card. You can plug it in any USB port on a computer, and it will
stay safe no matter how much malware is on the computer.
2. Trezor: Trezor can communicate with your computer wirelessly, making it more safe. It has it's own LCD screen and buttons.
3. Case: Case is the newest and considered the safest Bitcoin hardware wallet.
If you can, go with paper wallets, and import their Private Keys to one of the Desktop wallets
So you may be asking: Then which one should I use? Well, for Desktop I recommend Bitcoin-Qt or Multibit. For mobile, I suggest Bitcoin Wallet. Web Based ones, definetly
Blockchain.info. From the hardware ones, I suggest Ledger Nano
Tips are appreciated: 1Tipo4u5vkaNDjPd5A4wxPxmR4bEp8Bdb
I will cover 4 wallets in all categories
1. Bitcoin-Qt: Bitcoin-Qt also knows as Bitcoin Core is the original bitcoin wallet. This is a full-node wallet, which
downloads the full blockchain which is about ~30Gb. Only use it if you have a lot of free disk space.
2. Multibit HD: Multibit is another good option when choosing wallets. Your wallet is secured by a passpharse
and a secret mnemotic. Multibit isn't a full-node wallet, so it doesn't need the whole Blockchain, saving time
and disk space.
3. Armory: Armory is a very secure bitcoin wallet, with an option for Cold Storage wallet. Armory is a full-node
wallet, so it will download a lot of data to your disk.
4. Electrum: Electrum isn't a full-node wallet, so it will save disk space for you. It's also a lightweight wallet
which saves on CPU and RAM usage.
Next, mobile wallets. They are safer than desktop ones, but don't store too much Coins in them.
1. Mycelium: Mycelium is the best wallet for mobile devices. However it requires a third party service to verify transaction, but
you have full control over your coins.
2. Bitcoin Wallet: Bitcoin Wallet is the best way to go. You have full control over your money. No 3rd party service required to
validate transactions. It's also open source. If you can, go with this one.
3. Bither: Bither is another good choice between mobile wallets. You have control over your coins, without any 3rd party
services. However, anonimity is not that great, because people can spy at your balance, and Tor is not allowed.
4. Copay: Copy is a good choice, but not as good as the ones above. It's great because you can set up 2FA but a 3rd party
is required to verify transactions. But you will have full control over your money.
5. Blocktrail Wallet: This wallet was introduced to my by a user. After you launch it, you will be prompted to sign up. You can choose
e-mail or just a username. I think that's a good thing. After, you will be asked for a PIN and to Backup your wallet and setup 2FA.
The app's UI look absolutly fantastic, looks like it was made by some professionals. It looks like a nice wallet, but I didn't use it yet.
Web wallets. If you want to access your coins anywhere you may use them, but Mobile Wallets are better than those.
1. Blockchain.info: Blockchain.info's my wallet is a great choise for Personal and Business use. You can combine it with their
powerful API and control your wallet in your own script.
2. Coinbase: Coinbase is a good choice, it's the same as Blockchain, but it has the ability to purchase BTC directly with USD.
3. Coinkite: Coinkite is the way to go, especially for Businesses. Coinkite offers POS terminals, you can set up at a strore and
receive payments in Bitcoin. You can store your Bitcoins and Litecoins there.
4. Xapo is the best available web wallet. It has 2FA, and a Cold Storage wallet. You can create more wallets inside an account,
and you can order a Xapo Debit Card, which you can spend your bitcoins directly from your wallet, without loading it every time.
Finally, hardware wallets. They are the safest option for storing Bitcoins.
1. Ledger Nano: Ledger Nano is just like a small bank, built on a smart card. You can plug it in any USB port on a computer, and it will
stay safe no matter how much malware is on the computer.
2. Trezor: Trezor can communicate with your computer wirelessly, making it more safe. It has it's own LCD screen and buttons.
3. Case: Case is the newest and considered the safest Bitcoin hardware wallet.
If you can, go with paper wallets, and import their Private Keys to one of the Desktop wallets
So you may be asking: Then which one should I use? Well, for Desktop I recommend Bitcoin-Qt or Multibit. For mobile, I suggest Bitcoin Wallet. Web Based ones, definetly
Blockchain.info. From the hardware ones, I suggest Ledger Nano
Tips are appreciated: 1Tipo4u5vkaNDjPd5A4wxPxmR4bEp8Bdb
Very helpful post for newbies around the forum looking for a place to store their bitcoins.
If I could make a suggestion I would start posting the pro's and cons of each individual. Possibly make a chart of the features of each as well.
Good post, and thanks for helping out
