Topic: [WALLET] Choose the best wallet suitable for your needs. - page 2. (Read 400 times)

Alright, let me rephrase it then:


Core uses HD wallets since version 0.13 released 17.10.2015
If you created your wallet at some point after this date, you use a HD wallet (visible in the bottom right corner: HD) and don't have to backup your wallet regularly.
Backing it up once is enough in this case.


@mocacinno, happy now?   

Maybe add a little sidenote: core didn't always use HD wallets, and you can still create a non-HD wallet aswell.
It would probably be better to claim that recent versions of core use HD wallets as a default.

(just nitpicking here... I agree with the general idear of everything you said... but i wouldn't want somebody with a really old, non-hd, wallet to think they didn't have to make backups)

A "segwit wallet" doesn't "support" anything. There is no "segwit wallet".

Segwit is an improvement. And the address format is called bech32. That's the "real segwit".
Nested segwit is just P2WPKH nested into P2SH. That's not really segwit but good for compatibility with outdated software.



You only need to backup your file once. Core uses HD wallets.



This applies to every desktop-, mobile-, browser-based- and web wallet.



Electrum is not more secure than core. That's a misconception you have.

Anyone who is serious about Bitcoin should invest in a good hardware wallet or generate a paper wallet in an offline environment. Desktop wallets are one security level below. If for some reason you can't or don't want to use hardware or paper wallets, stick to the basics. Electrum or Bitcoin Core (if you intend to run a full node).

I want to correct this, it is Bech32, also know that segwit wallet support both P2SH (compatible) and Bech32, but it does not support P2PKH (legacy) bitcoin address. But people like Bech32 bitcoin address because transaction fee is  lower.

I like bitcoin core too, it is a full client wallet, but not good for beginners as it needs more memory space and subsequent backup of each addresses used to receive bitcoin, it is a secure and safe wallet but the device used for it must be free of malware.

As for me, I prefer electrum wallet just for the security sake.

bech32 (starts with bc1) and it is also another type of segwit address called native segwit address.

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Just an addtional resources that I personally use when choosing bitcoin wallet is Extensive Bitcoin Software Wallets Feature Comparison. That spreadsheet created by https://veriphi.io/en offers a wide range of bitcoin wallet with different metric comparison based on security, usage etc..

For me, the best wallet that I have used is still electrum especially when they release the newest update that supports Lightning Network  . While it is a non-custodial wallet, it also supports the most basic functionality of a bitcoin wallet such as pay-to-many, coin control, RBF and manual fee selection  .

I know some of the members already know this platform which is the bitcoin.org and most of the people visiting this platform but today I would like to focus to the use this platform and the feature which is the Choose your wallet. Some of the members today are having to struggle what is the best wallet to them and what is suitable for their needs which is more convenient to use.


On the first question of which operating do you use. In mobile, we have an android or iOS, desktop, Linux, window, or macOS and lastly is the hard wallet.

Let's say I'm a user of desktop with an OS if windows.


then the next questions ask if you are knowledgeable in wallets or just a newbie. Let's say I'm knowledgeable about the different wallet but still I want to use the suitable for my needs.


This time I will now choose what are the features you would like to have on your wallet.


Next, we have the features you are want to have if this is a supported by the Bech32, Segwit or just the legacy address.


Now according to the answer you are given to them, they will now recommend the best wallet that is suitable for your needs.
Now, this is the wallet they highly recommended to me as a desktop and window os user.


I hope this will help to the newbies would like to find the best wallet for them.