What is your first choice of a bitcoin wallet? - page 2.

dkbit98

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Quote from: 2girls1facemask on August 16, 2021, 07:58:19 PM

What is your first choice of a bitcoin wallet? If its a free wallet thats even better.

It depends if you are using wallet for holding or spending Bitcoin but Open Source, trusted and tested by experts, should be priority when choosing wallet for you.
Mobile and desktop wallets are free but they are mostly hot wallets used for spending coins unless you use them on some airgapped computer.
Hardware wallets are not free but they are better choice for average crypto users.
All wallets listed bellow are Open Source:

Mobile wallets::
Electrum
BlueWallet

Desktop wallets:
Electrum
Wasabi

Hardware wallets::
Trezor
Coldcard
Bitbox

sheenshane

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Quote from: Wexnident on August 16, 2021, 09:15:47 PM

A paper wallet if you really want to skimp on spending and want it to be safe maybe?

It's a crucial step in making a paper wallet for a newbie, I will not recommend this if you're a rookie because most likely there's a possible error that could lead to your fund will be lost. Much better if OP uses an Electrum wallet that can prefer as an airgap Bitcoin wallet if you really want a cold storage wallet, it's offline and very safe to anyone, because, for me, anything online will most likely be there's the potential to be hacked.

Actually, there are too many various kinds of single Bitcoin wallets online that you can free to use, but only Electrum wallet has a good feature that I prefer to use. It should be,

Open Source
Support Lightning Network
Can able to RBF
Can work offline
Support SegWit
It's totally free

IF that is a big and huge amount, Hardware wallets are the best for you.

Skinny48

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Quote from: 2girls1facemask on August 16, 2021, 07:58:19 PM

What is your first choice of a bitcoin wallet? If its a free wallet thats even better.

Bitcoin wallets are supposed to be free if that's what you mean, hope you aren't talking about the same old free wallet that has no private keys and no recovery seed? If that's what you mean free wallet is a bad choice for keeping bitcoin, the best choice is hardware wallet like trezor and others follow buy trust wallet

newIndia

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Quote from: 2girls1facemask on August 16, 2021, 07:58:19 PM

What is your first choice of a bitcoin wallet? If its a free wallet thats even better.

https://Coinb.in

- Free

- Open Source

- Works Offline

- Supports SegWit

mk4

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📟 t3rminal.xyz

Quote from: James Watson on August 17, 2021, 04:26:45 AM

No wallet is omnipotent, so choose the Bitcoin wallet that suits you best.
Centralized Bitcoin Wallet:

It is easy to understand for novices.
Collection and payment are convenient and fast, and transactions, loans, etc. can be made.
The mobile phone can directly access the wallet.

Decentralized wallet:

The safest storage of cryptocurrencies such as Bitcoin.
The backup is convenient and not easy to be attacked by hackers.
Set up is relatively easy.

So no matter what kind of needs, you can choose whether you want to be safe or convenient, but I have both downloaded and used at the same time.

When showing the pros and cons of both kinds of wallets, I think it's absolutely necessary to put heavy emphasis on the importance of ~~decentralized~~non-custodial wallets.

Far more secure assuming you know how to secure your backups (preferably use a hardware wallet)
Centralized entities cant lock you out of your money (compared to custodial wallets/exchanges like Coinbase)
Transact freely anytime with zero downtime
No AML/KYC

MIldic1c

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Quote from: actmyname on August 17, 2021, 04:16:54 AM

Quote from: ?? on ??

it is recommended to use the ether wallet, which is recommended by the Bitcoin development team.

what?

_{_{closest name on .org is Bither if that's what you'd meant.}}

Bither
Sorry, I made a mistake

James Watson

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No wallet is omnipotent, so choose the Bitcoin wallet that suits you best.
Centralized Bitcoin Wallet:

It is easy to understand for novices.
Collection and payment are convenient and fast, and transactions, loans, etc. can be made.
The mobile phone can directly access the wallet.

Decentralized wallet:

The safest storage of cryptocurrencies such as Bitcoin.
The backup is convenient and not easy to be attacked by hackers.
Set up is relatively easy.

So no matter what kind of needs, you can choose whether you want to be safe or convenient, but I have both downloaded and used at the same time.

actmyname

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Spear the bees

Quote from: ?? on ??

it is recommended to use the ether wallet, which is recommended by the Bitcoin development team.

what?

_{_{closest name on .org is Bither if that's what you'd meant.}}

actmyname

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Activity: 2562

Merit: 2510

Spear the bees

Quote from: FinneysTrueVision on August 16, 2021, 09:54:18 PM

I've switched mainly between Wasabi Wallet and Electrum. Wasabi can be great for privacy but it is missing features that I use a lot like pay-to-many. If there was a wallet that combined the best features from each of these wallets then it would be the perfect choice.

Hint, hint: import some keys, sign your transaction, broadcast at your leisure.

The wallet that combines the best features of both is the combination of your brain and your hands.

One half-measure^{^{(eighth-measure even)}} is to use Wasabi's change address as your secondary output. Not the same as pay-to-many when N>2, though.

NeuroticFish

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My first choice for bitcoin wallet must have quite a list of features:
1. It must work with hardware wallet. And this also clearly means it's non custodian.
2. It must be light (SPV) wallet since I don't have a 24/7 node running and I don't have the patience to wait too much until it syncs.
3. Coin control and custom fee are pretty much a must. RBF capability is also nice to have.
4. Clean interface.

My main wallet is Electrum for Windows.
As a secondary wallet which I use for tracking in/out and for emergencies I use Mycelium for Android.

jrrsparkles

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I think the first sticky thread on this board itself got the answer for this.

Electrum which is free, light weight, available on multiple operating system including Android...

isaac_clarke22

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If you can buy a hardware wallet, get one and use it most of the time.
I only custodial wallets when there is a service that I would like to use along with my Bitcoin, but most of those BTC I bought are being held in desktop wallets specifically Electrum wallet, I've been using that since 2018.

Back then, I thought custodial wallets were a gem, but dang. It was whole a lot of different story when I found out about the strictness of their KYC, while I was wanting to go full pseudonymous.

Fundamentals Of

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Quote from: Wexnident on August 16, 2021, 09:15:47 PM

A paper wallet if you really want to skimp on spending and want it to be safe maybe? Idk if it has changed or something in the past years but it was what I used when I first started. Now I'm just holding small amounts on exchanges and would probably switch over to a hardware wallet once my investment exceeds a thousand dollars or two. I'd reckon it wouldn't really hurt if you used free wallets in exchanges if you're only trading small amounts, but if you were going big, then I'd really suggest going for a hardware wallet.

This is like me in my earliest months in crypto. I once had small funds sparsely scattered across exchanges. I never thought of buying a hardware wallet because it costs a considerable percentage of my overall funds until I read a good amount of materials where people are complaining of locked funds mostly on exchanges. I myself had also a good share of forced KYC from exchanges.

I think a thousand dollars or two is a long wait for your funds to be kept in a safe storage. I even consider half a thousand a treasure enough to be kept in a hardware device. I guess it is better if we look at the future rather than the present's price in terms of safely keeping our Bitcoin.

bitmover

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bitcoindata.science

Quote from: mk4 on August 16, 2021, 08:39:02 PM

Pretty much every single Bitcoin wallet is free, besides hardware wallets of course. (which you should be using)

But anyway, personal pick is BlueWallet[1] for the newbies, and WasabiWallet[2] for the slightly more "advanced" Bitcoiners.

[1] https://bluewallet.io/
[2] https://wasabiwallet.io/

Quote from: FinneysTrueVision on August 16, 2021, 09:54:18 PM

I've switched mainly between Wasabi Wallet and Electrum. Wasabi can be great for privacy but it is missing features that I use a lot like pay-to-many. If there was a wallet that combined the best features from each of these wallets then it would be the perfect choice.

Those are the best wallets out there.

Be very careful to always download electrum only from https://www.electrum.org as there are many phising sites out there.

Personally, I prefer electrum as it has more advanced functions like coin control (which is very important from privacy), pay to many, and so on.

FinneysTrueVision

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I've switched mainly between Wasabi Wallet and Electrum. Wasabi can be great for privacy but it is missing features that I use a lot like pay-to-many. If there was a wallet that combined the best features from each of these wallets then it would be the perfect choice.

JillianTaft

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I think that from a security perspective, hardware wallets are superior. It is disconnected from the network. This means that we will not face hackers losing coins, and truly realize that personal assets will not be infringed. The disadvantage is that the fees are more expensive and only support some Mainstream currency.But I think its advantages can make me turn a blind eye to his shortcomings.

Wexnident

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I don't request loans~

A paper wallet if you really want to skimp on spending and want it to be safe maybe? Idk if it has changed or something in the past years but it was what I used when I first started. Now I'm just holding small amounts on exchanges and would probably switch over to a hardware wallet once my investment exceeds a thousand dollars or two. I'd reckon it wouldn't really hurt if you used free wallets in exchanges if you're only trading small amounts, but if you were going big, then I'd really suggest going for a hardware wallet.

mk4

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Pretty much every single Bitcoin wallet is free, besides hardware wallets of course. (which you should be using)

But anyway, personal pick is BlueWallet[1] for the newbies, and WasabiWallet[2] for the slightly more "advanced" Bitcoiners.

[1] https://bluewallet.io/
[2] https://wasabiwallet.io/

Fundamentals Of

sr. member

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My first choice of a Bitcoin wallet is a hardware wallet. But it is not a free wallet. Regardless, I think you should also go for it despite it not being free. Safety comes with a price most of the time. I don't mind paying for as long as my funds are safe. But although it is not free, it is cheap. A Trezor Model One would only cost you around $57 and a Ledger Nano S around $72. That's a cheap compromise for complete ownership and control of your funds. Take note to buy such wallets from their official sites.

Jawhead999

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What do you mean of free wallet? Do you mean of those web wallet with no cost or a shitty scam ~~wallet~~ exchange?

Web wallet isn't good from many aspect like security, privacy and features. Not open source, no private key, no RBF CPFP, custom fee, not segwit etc. It's just designed for quick access, no cost and simple only. If you don't have any money to buy hardware wallet, you could use light weight non custodial wallet (e.g. Electrum, Samourai) it's also free and better than custodial wallet (one of them is web wallet).

Here's your other post, as you wrote you got hacked from blockchain wallet (web wallet) don't you think it's not safe?

Quote from: ?? on ??

My Bitcoin Wallet was hacked last year from my blockchain wallet. There is no # and there support wont reply to me.

Topic: What is your first choice of a bitcoin wallet? - page 2. (Read 440 times)