Topic: What is your biggest issue with Bitcoin wallets? - page 3. (Read 710 times)

1. An interface that should be more responsive so that it does not burden the smartphone system load. The interface is important and should be good, but the responsiveness of the interface also needs improvement.

2. The biggest problem I have complained about so far is that some bitcoin wallets or multicoin wallets such as trustwallet and other wallets are price synchronization which sometimes do not match or deviate greatly from the price of the coin. this has become a common problem and often occurs in new coins or old coins.

3. There are 3 favorite wallets that I still use to this day, namely imToken, Trustwallet and SafePal. I also use a safepal hardware wallet and it's really very safe because to send assets only you need to scan the barcode on the hardware wallet. Safepal is also always updated and has many advantages.

4. Some changes may only be in terms of the interface which needs an update which must be fresher. as well as a continuous security system updated. Wallet is not just a place to save, but a place to make profit by staking, LP and more.

I have been thinking on this since long and I always had few ideas about modifications of the wallet. Honestly these ideas came in from the use of daily Fiat wallet or payment apps like google pay or razor pay etc.

A) Crypto wallets has capability of scanning the wallet address from QR code. Nice one. However what if these are modified in such a way so that they will be able to scan the regular UPI QR Codes and then let us pay in the local currency from crypto to Fiat ?

B) They should lower the fees by means of batch processing capability. Sounds crazy and complex but imagine if wallets were able to synch the bunch of transaction which are taking place at same time, grab them at one node and share the fees such that it will be nullified to user?

What do you think about these ideas. Either they are shitty or they could be life changing.

Good question because today I experienced something annoying.

I used Coinomi wallet because I thought when swapping coins on the wallet I can able to save fees but the truth wasn't. I have paid terrible fees when I have altcoin swapping to bitcoin which is what I thought when I transfer to my wallet I cab be able to save the fee. Another purpose is I used this wallet because I can also able to hide my identity upon swapping into other coins. Most of my concern is the fees here which is far different if I use Electrum wallet.

If Coinomi wallet does the same feature with Electrum that we can reduce and modify the fee, which is much better.

The modification of fees. Not totally open source. Have a fixed fee.

I realized Electrum but I have heard hardware wallets have an advantage feature over this. However, Coinomi has a good feature, user experience but there is one that I don't like when it comes to the fees.

I used Coinomi and maybe it is good if they have the same feature with Electrum.

Not sure if how difficult this is to work on, but my "dream" wallet is a bitcoin wallet where the end-user doesn't even know if he/she is using bitcoin main-chain transactions, or lightning transactions. Like, the wallet just automatically chooses based on the size of the transaction. UX is still something that definitely needs to be worked on.

multicoin wallets:

• The code should be open source, and a unified standard for including wallet seed support all other wallets.
• Inability to control fees, computer wallets have weak interfaces, while phone wallets (Android/iOS) do not offer additional protection methods other than traditional methods.
• New wallet, they have an attractive interface that offers a good display of coins.
• wallet have same electrum features, support many coins like trust and have interface like new wallet

1. I hate the withdrawal time that it takes while you generally withdraw your money after selling your coins. The deposit is somewhat instant but they have to make sure to integrate instant withdrawal as well.
The wallet have bad user interface when it comes to the price graph.
It does not have all the cryptos added there but I do realize that it takes times therefore it's only appropriate to wait and buy them on some other trading platform.

2. Need to submit all the documents and also integration with your bank accounts but it's not the wallet's fault apparently the government made that as a rule therefore we can't really say anything about it.

3. For me my favorite wallet would be samourai but I generally use Zebpay to withdraw and to trade. Since samourai is not only private but also have integrated segWit. For Zebpay it's easier for me to add money in my bank account ( local one)

4. Everything that I said in (1) answer certainly needs to be improved.

For us average users...
When a wallet like Multibit is no longer supported or when something like Armory changes hands.

When I had Armory running 24/7 on a desktop using it several times a day it was fairly integrated and felt easy to use however, leaving it for a year or 2, coming back to find it needs an update + a new version of core    ------->Aaaaand that sinking feeling when your balance reads 0 for too long when syncing.

I wasn't as diligent about keeping track of my og. bitcoin addresses when backing them up as paper wallets: I could have just checked the balances on block explorer.

Electrum is on my old phone but I didn't feel the need to install on the new one a few years ago because Coinbase was easier to use + now they support many cryptocurrencies.
So Coinbase is easier but "not your keys / not your coins".

1. 2FA security, all of the wallets I've used doesn't have this feature and I think this would add extra security or maybe a PGP signature to unlock the wallet. Also a mobile version as well as coin join feature.
2. I don't have specific issues with the wallets I'm using right now
3. Electrum, most trusted and reliable software or portable Bitcoin wallet.
4. Have some coinjoin feature for micro transactions, offline transactions feature if possible.

1. What are the features that you feel that are sorely missing?
Good GUI,,, I know this is not important to many people but we had good GUI software since 2000 for some applications why not Bitcoin wallets?

2. What are your biggest issues with specific wallets you're using, or with BTC/cryptocurrency wallets as a whole?
No easy way to tell you how long your transaction takes,,, Good wallets give you recommended price, but no wallet tells you with high accuracy how many minutes. They say blocks, or you must go make your own calculations.

3. What's your favourite wallet and why? Is it the user interface / user experience, colours, specific functionality, habit, perceived trustworthiness, something else?
Electrum but this is more of trust and habit I did love to use Coinomi wallet in the past

4. What changes would you like to see with the wallet(s) that you're using?
Good graphic interface so when I introduce to people they do not think it is a Windows 95 old school thing.

There's no perfect wallet that combines a bit of privacy with being fast to use (SPV) and cross-platform (for example, Electrum, while it's great on PC, it doesn't work with HW on mobile).


Electrum for desktop. UI good enough, all the important features are there, pretty much trustworthy, and yeah, habit too.


We seem to lack wallets friendly with complete newbies. This is something I think that's missing badly. Some people need more than the functionalities made simpler, they also need everything explained, they need to be told where to be careful (for example to double check recipient wallet before sending), maybe wilth the hints being optional (easy to deactivate while the user starts learning his way).

I would love to see Electrum for Android also work with HW.

I would love to see in Electrum more privacy-oriented implementation (there were proposals so the logging/tracing of users' addresses would be a bit more difficult), maybe even allow Electrum also call Bitcoin core directly (provided that tx index is 1, obviously)?

I would love to see a very good Electrum server and block explorer solution well done and configurable for Windows. Most of the current solutions are done for Linux, most have each and everyone of them its own data (so one may end up with Bitcoin core indexes, Electrum server DB and also block explorer's DB).

Almost all bitcoin wallet do not have coin control and addresses freeze, this is a unique feature that all bitcoin wallets suppose to have.

Many are close source, but I have to stop using many like Coinomi and Atomic wallet. I hope you can fathom how close source wallets are biggest issue.

Electrum, because it is the best. It has coin control, address freeze, send to many, selecting your own change address, support lightning network, compatible with BIP39 when not BIP39, support watch-only wallet for tracking, support cold storage if used on an airgapped device to only be making transaction, support private key importation and master key importation, many wallets do not support this.

In-built Tor or make-up in a which central servers will not be able to link addresses together and also in a way central servers will not be able to link IP address to bitcoin addresses.

1. The feature that are missing in most wallets are the safe option to "sweep" paper wallets.

2. The security features can easily be bypassed, if the 2FA can be exploited. (You first get the password with a key logger and then you get access to the phone or more experienced syndicates can just do a Sim swap.)

3. Electrum (It has a quick and easy "sweep" option.)

4. The miners fee should be highlighted in the Fiat value. ( I once paid $1000 in miners fee, when I did not take notice of the fiat value)

Electrum is my favorite wallet and it's the only one I have used consistently, long term. I use. It cause it sufficiently saves my Bitcoin and gives me full autonomy over my coins, while being user friendly and easy to navigate.

This. Electrum mobile app seems to be a much cheaper version of the original, with a bunch of features missing, such as, locking inputs and choosing the specific sat/byte you wish to pay for transactions rather than selecting from a range (medium, low, high priority).

1. Feels like it really was the 2FA authentication, I kinda like the feature of doing it on mobile and email address. I don't know if Biometric was the best feature I can think especially on mobile wallet but for extra added security, it feels like that.

2. We have the same experience with buwaytress, I am using the Electrum mobile wallet too. It takes time to load if you're putting your password and when opened so do the transactions.

3. For now, I guess it's Trustwallet mobile app. I do like the simplicity of it and the availability of multiple currencies.

4. I can't think of any but would likely embrace it if there is.

Features sorely missing:
- a "smart contract" toolkit perhaps similar to what pooya87 suggests. And we all know Bitcoin is capable! I've now seen several platforms let users build their own pre-made scripts, just drop and add and customise for all kinds of sophisticated functions.
- dumbfire LN (we're getting there though I think)

Biggest issues with specific wallets (Electrum)
- the mobile app is a PITA. It does work, but on a fairly new Android, it still feels clunky and laggy. If not for loyalty and force of habit, and simply because I trust it the most, I'd have uninstalled it on first sight.

Favourite wallet and why?
- Electrum because it's probably the best mix of easy/light/fast with fairly sophisticated functions. But it was my first love, so I suppose it's why I like Irfanview too. It can be very confusing for a newcomer too, though, especially since the last few updates -- the actual sending>signing>broadcasting bit took an additional step I think (makes for safer spends, but will frustrate newbies).
- Exodus was, for 2016, a really good multi-crypto wallet that I wish Electrum looked like. Beautiful, easy to use and understand, but was/is not open source and their removal of DOGE a few years back was so nasty I simply stopped using them.
- WAVES lite client in 2016 also was an incredible piece of wallet engineering IMO. Also multi-crypto, with a DEX built in, and a basic smart contract factory inside to issue your own side tokens on Waves, play around with other functionality in testnet. I honestly thought the Russians were on to something there.

Changes would you like to see
- modernised mobile app would be nice. Not so much for current users but for the sake of attracting new ones.  It's a brilliant software... but perhaps needs the touch of a designer more "relevant" to uh, millennial needs.

Note: some experiences influenced by reactions/comments of teenagers coming into contact with Electrum.

I have yet to see a wallet that allows user to create their own scripts in a user friendly way. For example if you wanted to create a timelocked transaction with OP_CLV you have to bend over backwards and use third party web tools and there is no option for any other slightly-more-complex scripts such as a simple conditional smart contract using OP_IF family.

Send to many in the multi coin wallet like- Trust wallet. I don't know if it exists but I haven’t seen. It would be good to have such feature.
There are few services which allow multisend for asset like ERC20, BSC but they are paid. Coin98 seems the only cheap solution till now.

I usually use Electrum for BTC, Trust wallet for altcoin. Without the above(electrum has multisend), I don’t think there's a big issue with them.

Electrum. It doesn’t require you to sync, it's UI is quite easier for newbies and it doesn’t require a lot of space. Colours? I don’t think it makes a difference for me as long as I have the features I need.

In electrum, lightning option can be more easier for newbies. It's a bit confusing in my opinion.

1. A feature that can have an option to add some 2 Factor Authentication (2FA) for sending or other wallet transactions.

2. A way that a wallet is becoming an exchange since I know some wallets there is a feature which you can exchange your coins to other coins. It's kinda become a centralized exchange somehow and later on users of a wallet will undergo KYC, but I don't know if this is a kinda big issue.

3. Coinoimi for me, this is the first multi-coin wallet I have tried since you can use it with desktop and mobile phones too.

4. For multi-coin wallet, I am expecting to support DeFi transactions like some wallets on browser extension (e.g. Metamaskl), for Bitcoin wallet, Lightning network feature/support is also good.

(multicoin/multi-asset wallets included)

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I have a couple questions about (software) wallets that I'd like to have answers to, feel free to rant

1. What are the features that you feel that are sorely missing?

2. What are your biggest issues with specific wallets you're using, or with BTC/cryptocurrency wallets as a whole?

3. What's your favourite wallet and why? Is it the user interface / user experience, colours, specific functionality, habit, perceived trustworthiness, something else?

4. What changes would you like to see with the wallet(s) that you're using?