Author

Topic: What are local bitcoins wallet and how to make it? (Read 683 times)

staff
Activity: 3500
Merit: 6152
Somebody told me its safe to safe my bitcoin to local bitcoin wallet. is it true? and i currently known blockchain its the high security level bitcoin wallet but the transaction fees make me want to cry.

The equation is very simple. You don't control your private keys = the wallet shouldn't be used and that's the case for Localbitcoins. It's not even a wallet too, It's an exchange where people could store their money there for trading later with other individuals. I suggest using Electrum for Desktop If you don't want to download the blockchain (or Bitcoin Core If you have no issue downloading it), Mycelium for Android.
hero member
Activity: 1120
Merit: 502
Somebody told me its safe to safe my bitcoin to local bitcoin wallet. is it true?
you talking about the site localbitcoins.com its not true that safe to store your Bitcoin on their wallet.

and i currently known blockchain its the high security level bitcoin wallet but the transaction fees make me want to cry.
If you like a Bitcoin wallet that you have a control of the transaction fees just use electrum( desktop wallet ) or mycelium wallet for mobile they have features that you can choose how much fees you want to include in your transactions.
But is better to include a higher fee than a smaller fee to avoid problems like stuck transaction.
full member
Activity: 462
Merit: 101
Somebody told me its safe to safe my bitcoin to local bitcoin wallet. is it true? and i currently known blockchain its the high security level bitcoin wallet but the transaction fees make me want to cry.
Jump to: