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Topic: What is the Best Bitcoin wallet? - page 2. (Read 447 times)

sr. member
Activity: 854
Merit: 424
I stand with Ukraine!
June 21, 2020, 05:20:49 AM
#14
Having support for Bench32 addresses is one of things to consider: https://en.bitcoin.it/wiki/Bech32_adoption.

Best bitcoin wallets don't let users get troubles without Bench32 adoption.  Cheesy
legendary
Activity: 2506
Merit: 1394
June 21, 2020, 05:15:46 AM
#13
Select Bitcoin wallets that are open-sourced, when I started to own Bitcoin before, I tried Coinomi wallet (https://www.coinomi.com/en/).
This cryptocurrency is good for any cryptocurrency, especially Bitcoin.
Speaking of blockchain.info or coinbase, you can avoid that kind of wallet since you don't own your private keys there. So, coinbase or blockchain.info still got your bitcoins, you are trusting your bitcoins to them.
copper member
Activity: 2800
Merit: 1179
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June 21, 2020, 04:57:17 AM
#12
It depends on what you're using Bitcoin for. If you're a trader I'd suggest Binance for you; considering the fact that it has the lowest transaction fee. Couple with the fact that you can withdraw Up to 2 Bitcoins per day without KYC.

If you're buying for a long-term usage like holding and withdrawing bit by bit I'd suggest you store them in a hardware wallets to be on a safer side.

Don't ever store on an exchange wallet even though how trusted it was, there is still risk that they might runaway or announce bankruptcy if ever some major security breach happened to them, No one knows what will gonna happened in the future. The greatest example on this one was the Mt.Gox exchange which is the most trusted exchange during there time and until now, they never refund the assets of there user even though the owner is in the jail.

Hardware wallet is still the best for holding bitcoin in the long term if the user are holding for there savings in the future.
sr. member
Activity: 1288
Merit: 305
yes
June 21, 2020, 04:49:27 AM
#11
It depends on what you're using Bitcoin for. If you're a trader I'd suggest Binance for you; considering the fact that it has the lowest transaction fee. Couple with the fact that you can withdraw Up to 2 Bitcoins per day without KYC.

If you're buying for a long-term usage like holding and withdrawing bit by bit I'd suggest you store them in a hardware wallets to be on a safer side.
hero member
Activity: 3052
Merit: 651
June 21, 2020, 03:54:39 AM
#10
Is there no way to change your mind with options?

There is a lot out there and if you want to keep it for a long time then I propose a wallet that is not an online base or just a website.
Something which you will need installation and you could do it offline to increase security.
That way, you could also say you really own that bitcoin and not just a number which you see in an exchange.

They have given you choices above me.
But I do prefer Electrum which in my view is user-friendly.
Been using it for a long time and got no problem at all.

member
Activity: 122
Merit: 13
🏆Bitcoin is king of Cryptocurrency World.
June 21, 2020, 03:45:40 AM
#9
Quote
Can you tell me that which Online wallet is best for Bitcoin holding or Receiving?  Coinbase or Blockchain?

I will personally advise you to have hardware wallet like Trezor, Ledger, Keepkey for storing Bitcoin. Online wallet is not good choice to store bitcoin for long term holding. There is a slogan: "your keys, your Bitcoin. Not your keys, not your Bitcoin". If you want to buy or sell bitcoin only use exchange online wallet. Coinbase has high fee, you can try other exchange site for lower fee.

full member
Activity: 1028
Merit: 144
Diamond Hands 💎HODL
June 21, 2020, 03:05:10 AM
#8
For me the best bitcoin wallet is any hardware wallet, you shouldnuse any online wallet if you are finding for security and safety of your money. Hardware wallet is a very great eallet to use because it is not prone from attacks because there is no way for havkers to access your account once you are using a hardware wallet. Online waallet is prone from atracks because it uses internet.
In able to store your bitcoin, you need a bitcoin wallet. Sometimes storing in bitcoin wallets are unsafe because of some hackers. That is why many people are also using hardware wallet. It is more safe for them to use because it does not use an internet so its hard to be hacked. The only reason why online wallet is being hacked is because it uses an internent connection.

Many investors are just using hardware wallet for their coins. Through hardware wallet they are able to make trasactions offline, it do not requires security that gives risk for online exchanges and transactions.

In a hardware wallet, the private informations are being stored in a secured hardware device. It is one special type of wallet. A hardware wallet has many more advantages aside form it is hard to be hacked and impossible to lose your money.
sr. member
Activity: 1050
Merit: 416
Buy Bitcoin
June 21, 2020, 01:56:30 AM
#7
Can you tell me that which Online wallet is best for Bitcoin holding or Receiving?  Coinbase or Blockchain? I am Very confused with this Two online wallet. 

As most of them have mentioned Online/web wallets are not safe to hold bigger funds so at least consider using a mobile/desktop wallet if you are not planning to buy a hardware wallet. When choosing a Wallet, it always better to choose a non-custodial wallet rather than custodial wallets where a third party controls your funds. For good Bitcoin wallets, check here - https://bitcoin.org/en/choose-your-wallet
legendary
Activity: 2310
Merit: 1035
Not your Keys, Not your Bitcoins
June 21, 2020, 01:32:19 AM
#6
I wouldn't exchange security for convenience, but hey.. I'm not you. Maybe you have little amounts of btc and you don't care about them so much, yet I don't see why you wouldn't use a more secure wallet like a mobile one. I think that bitcoin website has a good list of wallets with their features: bitcoin. org

Do not entrust your precious holdings to a third-party that is not covered by a financial authority.

Esentially: paper or hardware wallet for maximum security, mobile or pc wallet for decent security and a good rate of convenience and web wallets are for newbies who don't know how to operate on a software wallet - which is IMO a silly excuse.
sr. member
Activity: 1274
Merit: 278
June 21, 2020, 01:27:05 AM
#5
For me the best bitcoin wallet is any hardware wallet, you shouldnuse any online wallet if you are finding for security and safety of your money. Hardware wallet is a very great eallet to use because it is not prone from attacks because there is no way for havkers to access your account once you are using a hardware wallet. Online waallet is prone from atracks because it uses internet.
mk4
legendary
Activity: 2870
Merit: 3873
Paldo.io 🤖
June 21, 2020, 01:24:45 AM
#4
The best bitcoin online wallet is, well, not an online wallet. There's just so much risks with holding funds on online wallets that it really isn't worth it.

If you only have like $50 in bitcoin though, go ahead, the Blockchain.com wallet should be fine if you won't lose sleep if it so happens that you lose your funds. If you own a good amount of money on bitcoin though, definitely go for a reputable hardware wallet like the Ledger or Trezor.
hero member
Activity: 1722
Merit: 801
June 21, 2020, 01:16:37 AM
#3
Best, it is hard to say which one is the best bitcoin wallet. Each person has different need on wallet usecase so their best wallet will be different.

There are some good candidates for best bitcoin wallets:
- Bitcoin Core
- Electrum
- TUTORIAL: How to use Electrum (for beginners)
- TUTORIAL: How to use Electrum (for advanced users)
- [General] Bitcoin Wallets - Which, what, why?
hero member
Activity: 2702
Merit: 672
I don't request loans~
June 21, 2020, 12:58:38 AM
#2
Are you talking about Blockchain.com? Damn that got me confused at first. If the choices were limited to the two, then Coinbase. It offers a lot more ways to buy/sell/withdraw BTC. AFAIK, Blockchain only offers transactions through crypto, so coinbase is a lot easier for beginners. But, if you're just going to receive/hodl Bitcoin, feel free to use Blockchain.

If the options weren't limited to the two, I'd mention hardware wallets. It's one of the most secure ways to store your cryptocurrency, though you receiving more Bitcoin may prove to be a hassle, it at least provides guaranteed safety from online attacks.

jr. member
Activity: 257
Merit: 3
June 21, 2020, 12:41:46 AM
#1
Hello Everyone, we know that Bitcoin is king of Cryptocurrency World. It is a Best Profitable Coin of crypto world, and We Bitcoins Starting price and Running Price. So on this time many people has Intrested for Bitcoin Invest. Can you tell me that which Online wallet is best for Bitcoin holding or Receiving?  Coinbase or Blockchain? I am Very confused with this Two online wallet. 
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