Recommended wallet | Bitcointalksearch.org

DrMatrix

newbie

Activity: 26

Merit: 0

Quote from: dave3 on June 13, 2017, 04:44:26 PM

I used Bitcoin Core for 5 years or so, but recently switched to Electrum.

I was running Bitcoin Core on an external USB hard drive, and it would take forever each day to let it update (well, an hour + at least). And while it was updating, my computer was really slow.

Electrum is great. I wish I had switched to it earlier. I figured the day would come when the blockchain would get bigger and it would make sense to switch to a light client. I think that day has come (at least for me).

The light client is just so convenient isn't it? I had a payment come in very shortly after installing Electrum, came in very fast no problem, everything that needed to be downloaded was just no issue at all since the filesize was so small to begin with

dave3

sr. member

Activity: 344

Merit: 250

Quote from: coinfast on June 13, 2017, 04:26:42 PM

I just use ELECTRUM (cold storage) if you are holding several thousands, I highly recommend. Keep your coins offline, use a wallet downloaded to your desktop, like Electrum no one sees what u have or could hack it from a site.
the when ready to add coins to a site your wanna buy from u use Electrum to transfer, its free, and no transfer fees.

If you're holding several thousands of bitcoin, I'd recommend a hardware wallet, like the trezor. Actually, even for something less than several thousands of bitcoin that's a good idea.

dave3

sr. member

Activity: 344

Merit: 250

I used Bitcoin Core for 5 years or so, but recently switched to Electrum.

I was running Bitcoin Core on an external USB hard drive, and it would take forever each day to let it update (well, an hour + at least). And while it was updating, my computer was really slow.

Electrum is great. I wish I had switched to it earlier. I figured the day would come when the blockchain would get bigger and it would make sense to switch to a light client. I think that day has come (at least for me).

coinfast

sr. member

Activity: 508

Merit: 254

I just use ELECTRUM (cold storage) if you are holding several thousands, I highly recommend. Keep your coins offline, use a wallet downloaded to your desktop, like Electrum no one sees what u have or could hack it from a site.
the when ready to add coins to a site your wanna buy from u use Electrum to transfer, its free, and no transfer fees.

TryNinja

legendary

Activity: 2758

Merit: 6830

Quote from: HabBear on June 13, 2017, 03:28:24 PM

Why did you keep this specific to desktop and web wallets? You're leaving out the offline/cold wallets that so many people use. This may force people to vote for a wallet on your list that they wouldn't actually use or endorse if they had the option of wallets available.

Since the poll shows which wallets people think are the best, it would also be good to know what challenges come with some of these different wallets - from the user experience, not just differences/challenges due to the type of wallet.

He is probably talking more about the software rather than the hardware piece itself.

Most of the hardware wallets in the market can be used with Mycelium, Electrum, and probably most of the serious softwares available. The biggest advantage on a hardware wallets are the way your private-keys are stored on the hardware alone rather than stored on your computer, where any virus can get your .dat files.

But I agree with you. If you are creating a poll with 19 wallet options, at least put some hardware wallets in there so that newbies can know what they need to be looking for if they want to be safe.

javalemcgee

full member

Activity: 215

Merit: 100

I have two trusted option: Bitcoin core and electrum.

Note that bitcoin core is over than 100 GB and you need this space on your hard disk.

Taki

hero member

Activity: 1078

Merit: 514

As I see many of you voted for Electum wallet and I'm one of them. Actually I didn't use it in the current moment, but I have heard a lot of positive comments about this wallet. Today I use Blickchain, but after they decided to not use multypay transactions I'm seriously thinking to change the wallet for my next campaign.

DrMatrix

newbie

Activity: 26

Merit: 0

In the past i used a few different web wallets, alot of the popular ones. They are cool to use, and I do like them, but I don't know how I would feel about huge amounts of coin there, I only ever had a small amount of coin in the online wallets.

Years ago I used Bitcoin Core for my desktop client, and I would like to use it again to see how it feels and all the changes, but my main drive is an SSD with not much space, so I would have to keep the blockchain on my external, which isn't terrible as it is probably 1.5GB, but still alot of downloading to be done.

As of last night I am using Electrum, so far so good, I'm liking it! It certainly is light, won't take anything to run, and I do enjoy the lack of blackchain download. The features are easy to use, and easy to understand as a new Electrum user. The only thing is, I wish I could customize the skin and look of Electrum (this may apply to all desktop wallets,) maybe use a dark theme or different themes, but ofcourse have to be careful that the themes only change the look of things and add no dodgy code or trackers

swogerino

legendary

Activity: 3318

Merit: 1247

Bitcoin Casino Est. 2013

I think all the wallets that gives you full access to your private keys are a good choice while all wallets who are closed source or third parties who do not give you full access to your private keys are to be avoided. Remember if you don't own your private keys, you don't own any bitcoin.

coolcoinz

legendary

Activity: 2814

Merit: 1192

Quote from: zend7 on June 13, 2017, 03:36:49 PM

My recommendations are as follow:

Free choices:

1. If you have a big HDD or SSD preferrably 1TB or up definitely download bitcoin core, sync it with the network add a strong passphrase and this should be the most secure desktop wallet because of it downloading all the blockchain in your PC. You need to be safe to not get any virus or keylogger otherwise you are in risk of losing everything you have.
2. If yo don't have a big HDD or SSD download Electrum wallet, it is an SPV wallet and is also one of the most secure desktop wallets out there.
3. Any other wallet but download at your own risk, I only recommend the 2 above. This is just to add the third option.

Paying money choices:

Any hardware wallet like Trezor, Ledger, Keepkey etc.

Even if I had a lot of space to waste on my drives I wouldn't choose core because it loads to slow. I usually need my money fast, start up a PC, open wallet, send transaction, with a light and easy wallet lime multibit it's done in less than a minute. With core it takes 5 min for it to load up, another 10 to update to the latest chain... And that's when you update it daily! Who has time for that?

Ethan_Locke

member

Activity: 111

Merit: 10

Make a Bet, Make a Bit!

I would recommend that you do not keep your funds in a exchange especially over the next couple of months. My main advice would be to either get a hardware wallet such as trezor or alternatively a mobile wallet such as mycelium.

zend7

hero member

Activity: 658

Merit: 501

Hackers please hack me .... if you can :)

My recommendations are as follow:

Free choices:

1. If you have a big HDD or SSD preferrably 1TB or up definitely download bitcoin core, sync it with the network add a strong passphrase and this should be the most secure desktop wallet because of it downloading all the blockchain in your PC. You need to be safe to not get any virus or keylogger otherwise you are in risk of losing everything you have.
2. If yo don't have a big HDD or SSD download Electrum wallet, it is an SPV wallet and is also one of the most secure desktop wallets out there.
3. Any other wallet but download at your own risk, I only recommend the 2 above. This is just to add the third option.

Paying money choices:

Any hardware wallet like Trezor, Ledger, Keepkey etc.

Bounty Hunter

newbie

Activity: 22

Merit: 0

I use coinbase and i'm satisfied Cheesy

HabBear

hero member

Activity: 1106

Merit: 638

Why did you keep this specific to desktop and web wallets? You're leaving out the offline/cold wallets that so many people use. This may force people to vote for a wallet on your list that they wouldn't actually use or endorse if they had the option of wallets available.

Since the poll shows which wallets people think are the best, it would also be good to know what challenges come with some of these different wallets - from the user experience, not just differences/challenges due to the type of wallet.

OROBTC

legendary

Activity: 2968

Merit: 1895

...

blockchain.info's online wallet seems to be working better than before (say, two years ago), so I am OK with that one.

The only other wallet I checked off (voting on the poll) was Copay.

I would like to see a similar poll of hardware wallets like the various versions of the Ledger as well as Trezor and DigitalBitBox (the last one is now my favorite). I see other hardware wallets mentioned here & there as well.

BCTBF

sr. member

Activity: 560

Merit: 257

Quote from: pearlmen on June 13, 2017, 02:33:15 PM

Quote from: Roger Burton on June 13, 2017, 02:09:26 PM

The only two from the list I use are Xapo and Blockchain.info.
Both of them provide 2FA verification without the need of an app increasing somehow the security provided by those wallets.

This particular 2FA is why I am reconsidering using blockchian.info in if it were to be last week I would say there is not need for offline wallet because web wallets provides the flexibility among other adbavtages but what I experienced last week due to what is not a fault of mine, I concluded that the best is just the desktop wallet as others have rightly said and I am moving towards that immediately.

Well, what desktop wallet are you using, can you recommend it for me?
Thank you.

pearlmen

sr. member

Activity: 322

Merit: 250

Quote from: Roger Burton on June 13, 2017, 02:09:26 PM

The only two from the list I use are Xapo and Blockchain.info.
Both of them provide 2FA verification without the need of an app increasing somehow the security provided by those wallets.

This particular 2FA is why I am reconsidering using blockchian.info in if it were to be last week I would say there is not need for offline wallet because web wallets provides the flexibility among other adbavtages but what I experienced last week due to what is not a fault of mine, I concluded that the best is just the desktop wallet as others have rightly said and I am moving towards that immediately.

stevegee58

legendary

Activity: 916

Merit: 1003

Quote from: Roger Burton on June 13, 2017, 02:09:26 PM

The only two from the list I use are Xapo and Blockchain.info.
Both of them provide 2FA verification without the need of an app increasing somehow the security provided by those wallets.

The app increases security because you hold the private keys, not some web site. A web site can use 2FA which is great but you still have to trust them to not lose/steal your private keys.

Yes, it does happen. Bitcointalk is full of threads from people singing the blues about getting ripped off by online wallets.

Roger Burton

member

Activity: 101

Merit: 10

The only two from the list I use are Xapo and Blockchain.info.
Both of them provide 2FA verification without the need of an app increasing somehow the security provided by those wallets.

stevegee58

legendary

Activity: 916

Merit: 1003

Quote from: Reid on June 13, 2017, 01:32:46 PM

I got the prediction that electrum will get a lot of votes here.
It have been all over the forum and is being widely use here.
I dont why it is really popular or how it gained fame.
It is really just because of it being lighter or something is behind it?
But i really like the way they work and they are flexible with any devices, including android now.
That is somehow new specially for a wallet which most dont have one.

I used to run a full node but the hassle of upgrading the HDD to keep up with blockchain size was ridiculous. I adopted Electrum early on because it's the best of both worlds: no huge blockchain download, but I still have full control of my private keys. In addition it's open source Python and I can run the client on any device I want.

Topic: Recommended wallet (Read 1381 times)