Topic: The best bitcoin wallet - page 2. (Read 2087 times)
Electrum is VERY good, and then the options of using deterministic wallets is VERY useful. If only it had been included in the first version of bitcoin, so much btc wouldn't have been lost.
Does Armory integrate with Bitcoin QT or is it a seperate program. For example if I download Armory will I still be able to use the addresses I have set up in Bitcoin QT with Armory? 
Yes, armory runs bitcoin-qt/d for you, scans the blockchain and reports balances back. You can import a wallet into armory.
i suggest using a cold wallet and a hot wallet.
Thanks for this info, big help
Armory if your CPU is decent and have at least 4GB of RAM otherwise Electrum.
Does Armory integrate with Bitcoin QT or is it a seperate program. For example if I download Armory will I still be able to use the addresses I have set up in Bitcoin QT with Armory?
Yes, armory runs bitcoin-qt/d for you, scans the blockchain and reports balances back. You can import a wallet into armory.
i suggest using a cold wallet and a hot wallet.
Does Armory integrate with Bitcoin QT or is it a seperate program. For example if I download Armory will I still be able to use the addresses I have set up in Bitcoin QT with Armory?
I use bitcoin-qt. Why use anything else? It encrypts your wallet and backs it up. What else do you need? Using an e-wallet seems to me to be quite risky, do you agree?
It's not very practical to use it on a laptop, for instance. Or your smartphone for that matter.
I use bitcoin-qt. Why use anything else? It encrypts your wallet and backs it up. What else do you need? Using an e-wallet seems to me to be quite risky, do you agree?
I just found out about Vanitygen tonight. I'm having great fun making addys LOL.
Its a bit sad I am spending my friday night doing that
Its a bit sad I am spending my friday night doing that
I prefer paper wallets from various different sources
Care to list?
Sorry wasn't clear:https://en.bitcoin.it/wiki/Paper_wallet
Quote
Several tools exist for producing paper wallets, including BitAddress.org, vanitygen, LinuxCoin, and Bitcoin Address Utility.
BitAddress.org looks useful but as an online tool, how can we be sure this is secure?
vanitygen looks better as you can generate addresses offline. I guess the paper wallet part of this is you simply print out your keys?
LinuxCoin project is closed (but looked interesting). A live cd seems a good security step.
Bitcoin Address Utility is Windows native; even though I can use wine or mono to run it, I won't.
I guess a live *nix cd/usb that includes vanitygen would work very well. I'd boot up off line, print out my coins and then shut shop. Anyone know of a *nix live cd with key pair generator?
Theoretically the most secure way is running a bitcoind or bitcoin-qt locally, as you are in full control of both security and backup.
Maybe we should clarify the disadvantages of running Electrum vs. bitcoin-qt vs. MultiBit.
First of all, they are almost equivalent security-wise, though bitcoin-qt is the most tested client.
Electrum: You have to request transaction information from an external server, so you may have considerably reduced privacy, depending on the threat.
bitcoin-qt: You need to download and store the complete blockchain. This is very impractical if your computer isn't on most of the time. (Plus, it consumes 50-100 kBps upload bandwidth for me.)
MultiBit: This client has a lightweight mode, where it downloads only relevant transactions, so it is a balanced diet. It is heavier than Electrum, but you get better privacy.
I run a bitcoind/bitcoin-qt on one of my computers and use Electrum in parallel. As as said in my previous comment, you can copy the same wallet on all your machines. However, it's best not to keep the bulk of your savings in the wallet you ordinarily access, so that you don't lose all your money if it gets compromised.
Theoretically the most secure way is running a bitcoind or bitcoin-qt locally, as you are in full control of both security and backup.
If you are unsure, run a closed source operating system or do not feel conficent in IT, this might be impractical though.
This is a good place to start: http://bitcoin.org/en/choose-your-wallet
Cheers,
T
If you are unsure, run a closed source operating system or do not feel conficent in IT, this might be impractical though.
This is a good place to start: http://bitcoin.org/en/choose-your-wallet
Cheers,
T
If you consider yourself an advances user, check Armory. Alan is a super nice guy, and the latest 0.88 release is solid.
I prefer paper wallets from various different sources
Care to list?
Sorry wasn't clear:https://en.bitcoin.it/wiki/Paper_wallet
I've used https://www.bitaddress.org also.
Haven't used to Casacius tools yet (Bitcoin address utility) but he is THE MAN for this kind of stuff..
if you want online wallet use:
https://blockchain.info/wallet/
but remember, never put all your coins in one wallet.
https://blockchain.info/wallet/
but remember, never put all your coins in one wallet.
I recommend Electrum: http://electrum.org/
ETA: Ah, and I almost forgot... You can use the same Electrum wallet from multiple different locations simultaneously.
- No need to download the block chain. Just launch it when you want to make a transfer and it's instantly on. Even better if you enable Bitcoin URI's.
- Deterministic wallet, so just secure the seed in a safe place and you will always be able to recover the wallet even if you lose all backups.
- There are many Electrum servers to connect to, and you can switch between servers instantly. No down time.
- Even when you are offline, you will have access to your addresses.
- Portable.
- Many different GUI options. Even has a text GUI.
- Has many command-line features. Also, supports plug-ins, for instance, to help with storing labels in the cloud.
ETA: Ah, and I almost forgot... You can use the same Electrum wallet from multiple different locations simultaneously.
New to this forum but thought I would put forth my two bit-cents (so to speak (ahem))...
For myself having some experience with computers I prefer storing my wallets locally via bitcoin-qt with Armory client for paper-based offline storage
-nwfella
For myself having some experience with computers I prefer storing my wallets locally via bitcoin-qt with Armory client for paper-based offline storage
-nwfella
I prefer paper wallets from various different sources
Care to list?
I can't see how people can recommend blockchain.info when it's down so often.
It's convenient and requires little setup. Hopefully they'll fix the downtime issues.
I prefer paper wallets from various different sources for medium-long term storage.
Put small ammounts on each address.
I have used Gox to import private keys when needed.
Put small ammounts on each address.
I have used Gox to import private keys when needed.
I can't see how people can recommend blockchain.info when it's down so often.
This has me baffled also. Armory cold storage looks the way to go right now for me. But I also need to investigate backup of this in case my cold storage goes belly up. Looks like hours of work; certainly an area that needs to keep improving rapidly if BTC is to get wide adoption and use.
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