WHAT IS THE BEST WALLET TO MINE DIRECTLY TO please and thank you kindly

gaud

newbie

Activity: 84

Merit: 0

Quote from: Vann on January 13, 2018, 06:34:54 PM

Quote from: Palcinko on January 13, 2018, 05:44:24 PM

Quote from: Vann on January 13, 2018, 04:54:42 PM

If you want to mine ETH,LTC,BCH,BTC you can use a GDAX (owned by Coinbase) wallet address. From there you trade to BTC or USD/EUR and transfer the funds to Coinbase for free, which also has cold storage available for free and all digital currency that Coinbase holds is insured. You can transfer USD to your bank account for a fee or get a Shift debit Visa card connected to your Coinbase wallet to spend the BTC with no fees.

The minimum BTC, BCH, ETH, or LTC deposit amount is 0.01 and GDAX only charges 0.30% fee on the taker of the trade. Transfers from a GDAX wallet to a Coinbase wallet are free and instant. Cash back transactions with the Shift card and purchases are also free or you can do an ATM cash withdrawal for a $2 fee + the ATM fee.

Thank you for your help!

May I ask you how does it work if I want to mine different altcoin. I mean no ETH or BTC or BCH, but something like IOTA, Zcash or VeChain. If I successfully mine, do I need special crypto wallet to send it to? I don't understand how does it work with other altcoins.

Thank you for answer!

The Ledger hardware wallets support many different Altcoins and are very secure. Just make sure you backup up your recovery key to a safe place in case you lose or it breaks. Another option is to mine to a paper wallet address. You can monitor the funds on a block explorer and no internet is required to receive funds.

hardware wallets should never be used for constant small transactions as it reduced the life of the hardware. this info can be found on the nano info pages.

Vann

hero member

Activity: 1036

Merit: 606

Quote from: Palcinko on January 13, 2018, 05:44:24 PM

Quote from: Vann on January 13, 2018, 04:54:42 PM

If you want to mine ETH,LTC,BCH,BTC you can use a GDAX (owned by Coinbase) wallet address. From there you trade to BTC or USD/EUR and transfer the funds to Coinbase for free, which also has cold storage available for free and all digital currency that Coinbase holds is insured. You can transfer USD to your bank account for a fee or get a Shift debit Visa card connected to your Coinbase wallet to spend the BTC with no fees.

The minimum BTC, BCH, ETH, or LTC deposit amount is 0.01 and GDAX only charges 0.30% fee on the taker of the trade. Transfers from a GDAX wallet to a Coinbase wallet are free and instant. Cash back transactions with the Shift card and purchases are also free or you can do an ATM cash withdrawal for a $2 fee + the ATM fee.

Thank you for your help!

May I ask you how does it work if I want to mine different altcoin. I mean no ETH or BTC or BCH, but something like IOTA, Zcash or VeChain. If I successfully mine, do I need special crypto wallet to send it to? I don't understand how does it work with other altcoins.

Thank you for answer!

The Ledger hardware wallets support many different Altcoins and are very secure. Just make sure you backup up your recovery key to a safe place in case you lose or it breaks. Another option is to mine to a paper wallet address. You can monitor the funds on a block explorer and no internet is required to receive funds.

GeePeeU

sr. member

Activity: 545

Merit: 251

ASK

A full node daemon wallet created on an air-gapped pc.

This is one of the most secure ways to store your coins.

nsummy

full member

Activity: 1179

Merit: 131

Quote from: Palcinko on January 13, 2018, 05:44:24 PM

Quote from: Vann on January 13, 2018, 04:54:42 PM

If you want to mine ETH,LTC,BCH,BTC you can use a GDAX (owned by Coinbase) wallet address. From there you trade to BTC or USD/EUR and transfer the funds to Coinbase for free, which also has cold storage available for free and all digital currency that Coinbase holds is insured. You can transfer USD to your bank account for a fee or get a Shift debit Visa card connected to your Coinbase wallet to spend the BTC with no fees.

The minimum BTC, BCH, ETH, or LTC deposit amount is 0.01 and GDAX only charges 0.30% fee on the taker of the trade. Transfers from a GDAX wallet to a Coinbase wallet are free and instant. Cash back transactions with the Shift card and purchases are also free or you can do an ATM cash withdrawal for a $2 fee + the ATM fee.

Thank you for your help!

May I ask you how does it work if I want to mine different altcoin. I mean no ETH or BTC or BCH, but something like IOTA, Zcash or VeChain. If I successfully mine, do I need special crypto wallet to send it to? I don't understand how does it work with other altcoins.

Thank you for answer!

The best wallet to mine to will always be the one you control yourself. Whatever altcoin you want to mine, go to their website, github, or bitcointalk announcement and download the wallet. Be sure to encrypt it and back up your key. You can usually get away with mining to an exchange, but I don't recommend it. If you don't receive a payment, the pool will blame the exchange, and the exchange will say you shouldn't be mining directly to them.

Palcinko

newbie

Activity: 17

Merit: 0

Quote from: Vann on January 13, 2018, 04:54:42 PM

If you want to mine ETH,LTC,BCH,BTC you can use a GDAX (owned by Coinbase) wallet address. From there you trade to BTC or USD/EUR and transfer the funds to Coinbase for free, which also has cold storage available for free and all digital currency that Coinbase holds is insured. You can transfer USD to your bank account for a fee or get a Shift debit Visa card connected to your Coinbase wallet to spend the BTC with no fees.

The minimum BTC, BCH, ETH, or LTC deposit amount is 0.01 and GDAX only charges 0.30% fee on the taker of the trade. Transfers from a GDAX wallet to a Coinbase wallet are free and instant. Cash back transactions with the Shift card and purchases are also free or you can do an ATM cash withdrawal for a $2 fee + the ATM fee.

Thank you for your help!

May I ask you how does it work if I want to mine different altcoin. I mean no ETH or BTC or BCH, but something like IOTA, Zcash or VeChain. If I successfully mine, do I need special crypto wallet to send it to? I don't understand how does it work with other altcoins.

Thank you for answer!

Vann

hero member

Activity: 1036

Merit: 606

If you want to mine ETH,LTC,BCH,BTC you can use a GDAX (owned by Coinbase) wallet address. From there you trade to BTC or USD/EUR and transfer the funds to Coinbase for free, which also has cold storage available for free and all digital currency that Coinbase holds is insured. You can transfer USD to your bank account for a fee or get a Shift debit Visa card connected to your Coinbase wallet to spend the BTC with no fees.

The minimum BTC, BCH, ETH, or LTC deposit amount is 0.01 and GDAX only charges 0.30% fee on the taker of the trade. Transfers from a GDAX wallet to a Coinbase wallet are free and instant. Cash back transactions with the Shift card and purchases are also free or you can do an ATM cash withdrawal for a $2 fee + the ATM fee.

Palcinko

newbie

Activity: 17

Merit: 0

Hello John Doe,

what is the conclusion of this topic. Which wallet did you choose and what do you recommend. I am facing exactly the same issue as I am going to mine with my friend and need to choose wallet for as many different coins as possible with great security.

I wanted to message you but, you are not receiving messages from newbies.

MA3A

full member

Activity: 241

Merit: 100

To Hash or not to Hash, that's what the question

Exodus just added DEC in their new version, so now they support 8 coins.

- yes, because you generate AND control your private key. I am not in to a coding that much, but you can find a lot of info their website, also their support is cool.
- you are right about open source or close source, but i see no problem, as majority of problems come from users, not the code.

johndoe784r

jr. member

Activity: 54

Merit: 10

Text goes here

Quote from: MA3A on June 26, 2017, 10:48:38 PM

but because of a security.

Do you know if this is strictly related to it's status as a desktop wallet meaning more control over private keys, or because of other reasons leading to high security?

I know there are some that prefer open source but then in the case of wallets half of people want open source to review the code but the other half say closed source is fine it's better if it is not open source because it may lead to people finding new attack vectors into the wallet

Thanks in advance,

-jd

MA3A

full member

Activity: 241

Merit: 100

To Hash or not to Hash, that's what the question

Exodus is nice and its pretty well rated on various wallet reviews, not just because of a cool look but because of a security. Drawback as you mentioned is very limited number of coins.

johndoe784r

jr. member

Activity: 54

Merit: 10

Text goes here

Great

I remember reading something about a '100 address limit' I wonder how this affects everything?

car1999

full member

Activity: 350

Merit: 100

Quote from: johndoe784r on June 26, 2017, 08:47:15 PM

Does having a HD multi-address matter? I wouldn't want to change the pool payout addy every time - would every old address in any HD wallet work?

What about how some wallets (like Jaxx) specifically say to not mine to them? Huh

Coinomi I must surely explore as it seems like the only reasonable multi currency option at this point with so s many coins to choose from - trying to leverage my overall portfolio and diversify :-D def more than exodus as far as options go but doesn't look as slick I wonder about the reliability and safety when comparing these two in particular? Undecided

Don't worry the multi-address, I've mined 10 days, never changed the address in my pool setting and received coins everyday, even if the address in jaxx and Coinomi were changed multi times.

johndoe784r

jr. member

Activity: 54

Merit: 10

Text goes here

Does having a HD multi-address matter? I wouldn't want to change the pool payout addy every time - would every old address in any HD wallet work?

What about how some wallets (like Jaxx) specifically say to not mine to them? Huh

Coinomi I must surely explore as it seems like the only reasonable multi currency option at this point with so s many coins to choose from - trying to leverage my overall portfolio and diversify :-D def more than exodus as far as options go but doesn't look as slick I wonder about the reliability and safety when comparing these two in particular? Undecided

car1999

full member

Activity: 350

Merit: 100

Exodus is cool, but it doesn't support ZEC and DBG which I always mine.
I also tried Coinomi, supports lots of coins and works well too.

MATHReX

sr. member

Activity: 861

Merit: 281

The best advice I will give is to use secure wallets like desktop wallets (which uses your disk space to store data - secure enough) and hard wallets like ledger Nano S.
I personally use Exodus, Jaxx and many other wallets to keep my multi currency coin secure. It's not such a hassle but secure over vulnerable. Right? You don't wanna have a good night's sleep and the next day you wake up and see your coins lost for some -effin reason.

fcaldas

newbie

Activity: 53

Merit: 0

I lose or break my phones all the time. I would never use a phone wallet. But that's just me.

I just broke my Samsung S8+ with just 2 weeks of use

johndoe784r

jr. member

Activity: 54

Merit: 10

Text goes here

Fair enough Tmdz
Cool

Excellent advice and thank you for the tip about exodus and one address - I will look into it right now!

Tmdz

hero member

Activity: 1008

Merit: 1000

I switched to Exodus from jaxx very nice wallet but only single addresses.

No problems with mining payments.

Your wallet is protected by password unlike jaxx that uses a pin that becomes void if you have the seed.

Btw that excuse jaxx gave is just dumb, the wallet could give 2 shits about a specific transaction, all it cares about is what is on your specific address. Besides even IF it was true then transferring funds from an exchange would completely screw it up as those withdraws are made up of sometimes hundreds of transactions. I think it has to do with people getting tons of payouts.

Too many excuses out of Jaxx to trust them with my money.

johndoe784r

jr. member

Activity: 54

Merit: 10

Text goes here

hmm.. yes I like the wallet as it supports a lot of coins but wondering as well:

does anyone else regularly mine bitcoin to their jaxx account?

also, perhaps this is an easier question: what is the deal with HD wallets? The ones that automatically change their address after each transaction? Does the original address (ie. the one you point the miner to) stay the same even though the wallet shows a new receiving wallet address?

thanks in advance,

-jd

car1999

full member

Activity: 350

Merit: 100

thanks for your reminder, I'll check it.

Topic: WHAT IS THE BEST WALLET TO MINE DIRECTLY TO please and thank you kindly (Read 5151 times)