What wallet would you recommend? - page 2.

boggym777

jr. member

Activity: 56

Merit: 14

Quote from: satscraper on October 18, 2023, 01:49:40 PM

Quote from: boggym777 on October 18, 2023, 10:29:26 AM

I was told that after I download Electrum to "test" it, however I do not know how to do that. Any advice? I already downloaded the Windows installer from the suggested website ...
Thank you, and have a great day

You should test Electrum and practise yourself with this wallet by connecting it to testnet and using testcoins rather than real bitcoins. Internet is full of guides describing how to connect Electrum to testnet. Just quick search has resulted in this quide which has steps for OS of you interest, i.e Windows . To get testcoins you have to go to one of the on-line faucets (like this https://testnet-faucet.com/btc-testnet/ ) that shares such coins,

Hi,
I tried what you said, and tried also the guide, however the instructions given there for Windows either do not cover Windows 11, or something is missing because I cannot create the wallet to testnet. I will try on another computer.
Thank you

Quote from: satscraper on October 18, 2023, 01:49:40 PM

Quote from: boggym777 on October 18, 2023, 10:29:26 AM

I was told that after I download Electrum to "test" it, however I do not know how to do that. Any advice? I already downloaded the Windows installer from the suggested website ...
Thank you, and have a great day

You should test Electrum and practise yourself with this wallet by connecting it to testnet and using testcoins rather than real bitcoins. Internet is full of guides describing how to connect Electrum to testnet. Just quick search has resulted in this quide which has steps for OS of you interest, i.e Windows . To get testcoins you have to go to one of the on-line faucets (like this https://testnet-faucet.com/btc-testnet/ ) that shares such coins,

I also tried to do something on the testnet faucet URL you gave me, however the address generated by the wallet is not accepted by the faucet, so I could not do anything with it.
Thank you

[moderator's note: consecutive posts merged]

Kruw

member

Activity: 378

Merit: 93

Enable v2transport=1 and mempoolfullrbf=1

I would recommend Wasabi Wallet because it provides total privacy. Tor is enabled by default and block filters are used to synchronize with the Bitcoin network without sharing your address list with any third parties. The most impressive feature is the built in coinjoin function. This would benefit you if you wanted to hide that your coins originally came from mining so no one can tell what your source of income is.

satscraper

hero member

Activity: 714

Merit: 1298

Quote from: boggym777 on October 18, 2023, 10:29:26 AM

I was told that after I download Electrum to "test" it, however I do not know how to do that. Any advice? I already downloaded the Windows installer from the suggested website ...
Thank you, and have a great day

You should test Electrum and practise yourself with this wallet by connecting it to testnet and using testcoins rather than real bitcoins. Internet is full of guides describing how to connect Electrum to testnet. Just quick search has resulted in this quide which has steps for OS of you interest, i.e Windows . To get testcoins you have to go to one of the on-line faucets (like this https://testnet-faucet.com/btc-testnet/ ) that shares such coins,

Z-tight

hero member

Activity: 994

Merit: 1089

Quote from: boggym777 on October 18, 2023, 10:29:26 AM

I was told that after I download Electrum to "test" it, however I do not know how to do that. Any advice? I already downloaded the Windows installer from the suggested website ...

You were told to do that in order to be sure you've done everything correctly, you can do that by sending a small amount of BTC into your Electrum wallet, but the most effective way to 'test' that your Electrum wallet is all good and that you've done everything correctly is to download it and then verify your download to be sure everything is safe to use.

boggym777

jr. member

Activity: 56

Merit: 14

Quote from: BitMaxz on October 17, 2023, 03:24:22 PM

Quote from: boggym777 on October 17, 2023, 10:22:32 AM

Hi,
My cold wallet is called "Ballet Real Bitcoin"
Thank you

It seems it's not a hardware wallet but a cold/paper wallet but I don't think that this wallet is safe to use because the private key is not generated by you but generated by them.
I can't guarantee how safe this wallet is this is the first time that I heard of this wallet.

The hardware wallet we talking about is a device with an LCD where your keys are stored.
To ensure the safety of your wallet I suggest make your cold storage wallet without 3rd party and don't use a paper/cold wallet like Ballet.

Or switch to a hardware wallet which is way better compared to a ballet wallet.
Check the list of hardware below.

- https://bitcointalksearch.org/topic/list-open-source-hardware-wallets-5288971

Thank you again for your insights,
I found this on Amazon: https://www.amazon.ca/Trezor-bitcoin-wallet-Black/dp/B00R6MKDDE/ref=sr_1_17?crid=2T90EZKP72YWZ&keywords=passport%2Bwallet%2Bcrypto&qid=1697642770&sprefix=passport%2Bwallet%2Bcrypto%2Caps%2C79&sr=8-17&ufe=app_do%3Aamzn1.fos.b06bdbbe-20fd-4ebc-88cf-fa04f1ca0da8&th=1
Or should I use other sources?
I was told that after I download Electrum to "test" it, however I do not know how to do that. Any advice? I already downloaded the Windows installer from the suggested website ...
Thank you, and have a great day

boggym777

jr. member

Activity: 56

Merit: 14

Quote from: BitMaxz on October 17, 2023, 03:24:22 PM

Quote from: boggym777 on October 17, 2023, 10:22:32 AM

Hi,
My cold wallet is called "Ballet Real Bitcoin"
Thank you

It seems it's not a hardware wallet but a cold/paper wallet but I don't think that this wallet is safe to use because the private key is not generated by you but generated by them.
I can't guarantee how safe this wallet is this is the first time that I heard of this wallet.

The hardware wallet we talking about is a device with an LCD where your keys are stored.
To ensure the safety of your wallet I suggest make your cold storage wallet without 3rd party and don't use a paper/cold wallet like Ballet.

Or switch to a hardware wallet which is way better compared to a ballet wallet.
Check the list of hardware below.

- https://bitcointalksearch.org/topic/list-open-source-hardware-wallets-5288971

Thank you very much for your insights. I will check the list and will see which one I will pick.
Have a great day

satscraper

hero member

Activity: 714

Merit: 1298

Quote from: boggym777 on October 16, 2023, 07:00:19 AM

Hi,
I will be a new miner soon and as I am documenting myself, I did not find anything about what wallet would be best to use, or where I could find wallets to use, OK?
I have accounts at cripto.com, and shakepay, and they have their wallets, so should I use those, or are there other alternatives.
Thank you

If you stick to software wallet I would advocate open source Sparrow the setup of which has variety of option depending on size of stash you have

Quote from: https://sparrowwallet.com/docs/best-practices.html#how-to-store-bitcoin

However if you are serious bitcoin investor which considers this coin as hope for you future I would select at once at the drop the airgapped device like Passport or ColdCard MK4.

mk4

legendary

Activity: 2870

Merit: 3873

Paldo.io 🤖

Short answer: use Electrum, and preferably, use it with a Ledger/Trezor hardware wallet. Using custodial wallets is a bad move especially for mining as it could cause problems.

Longer answer: read https://chainsec.io/wallets

mikeywith

legendary

Activity: 2394

Merit: 6581

be constructive or S.T.F.U

Quote from: _act_ on October 16, 2023, 07:14:42 AM

Miners are using noncustodial wallet as the receiving payment, not a custodial wallet.

How can you tell? unless you meant to say "miners should use noncustodial wallets".?

OP.

First thing first, this has nothing to do with mining, mining ends the moment the pool sends you your payout to the address you registered on the pool's portal, what happens next is Wallet related, so your subject does not belong here.

To answer your question, you want to use a wallet in which you control the private keys, ditch all web-based wallets, and thing "Exchange", preferably a hardware wallet but then again not something like Ledger, your topic has been discussed a dozen times in the appropriate section of "wallet software".

BitMaxz

legendary

Activity: 3374

Merit: 3095

BTC price road to $80k

Quote from: boggym777 on October 17, 2023, 10:22:32 AM

Hi,
My cold wallet is called "Ballet Real Bitcoin"
Thank you

It seems it's not a hardware wallet but a cold/paper wallet but I don't think that this wallet is safe to use because the private key is not generated by you but generated by them.
I can't guarantee how safe this wallet is this is the first time that I heard of this wallet.

The hardware wallet we talking about is a device with an LCD where your keys are stored.
To ensure the safety of your wallet I suggest make your cold storage wallet without 3rd party and don't use a paper/cold wallet like Ballet.

Or switch to a hardware wallet which is way better compared to a ballet wallet.
Check the list of hardware below.

- https://bitcointalksearch.org/topic/list-open-source-hardware-wallets-5288971

boggym777

jr. member

Activity: 56

Merit: 14

Quote from: BitMaxz on October 16, 2023, 03:29:13 PM

Quote from: boggym777 on October 16, 2023, 03:22:21 PM

I downloaded the Windows installer on my PC, and the app on my cellphone, so I will start with this.
We'll see how it goes.
Have a great day

Would you mind to tell us what name of your cold wallet is?
So that we can give you a guide on how to connect your hardware wallet to Electrum.

About creating a wallet on Electrum you can follow this guide below.

- https://bitcoinelectrum.com/creating-an-electrum-wallet/

Hi,
My cold wallet is called "Ballet Real Bitcoin"
Thank you

BitMaxz

legendary

Activity: 3374

Merit: 3095

BTC price road to $80k

Quote from: boggym777 on October 16, 2023, 03:22:21 PM

I downloaded the Windows installer on my PC, and the app on my cellphone, so I will start with this.
We'll see how it goes.
Have a great day

Would you mind to tell us what name of your cold wallet is?
So that we can give you a guide on how to connect your hardware wallet to Electrum.

About creating a wallet on Electrum you can follow this guide below.

- https://bitcoinelectrum.com/creating-an-electrum-wallet/

boggym777

jr. member

Activity: 56

Merit: 14

Quote from: _act_ on October 16, 2023, 07:14:42 AM

You will need to read more about mining before you will start. Miners are using noncustodial wallet as the receiving payment, not a custodial wallet. There are many noncustodial wallet that you can use to generate bitcoin addresses which you can give for receiving mining payment. Examples are if you run your own full node, you can use bitcoin, or use normal wallet like Electrum.

Thank you very much _act_,
I downloaded the Windows installer on my PC, and the app on my cellphone, so I will start with this.
We'll see how it goes.
Have a great day

hosseinimr93

legendary

Activity: 2380

Merit: 5213

Quote from: boggym777 on October 16, 2023, 08:21:19 AM

I understood, so Electrum is an app, or is a service where I have to make myself an account?

Electrum isn't like a website/service in which you register an account.
Electrum is an open-source non-custodial wallet. In electrum, you can create a wallet, send and receive bitcoin and have full control over your fund.

In the case, you want to use electrum, download it only from its official website and verify your download.

Quote from: boggym777 on October 16, 2023, 08:21:19 AM

I also purchased a cold wallet,

In a hardware wallet, the keys are kept offline and it can give you a good security.

It may worth mentioning that electrum can be also used offline if you have an airgapped device. Of course, you may not need that, since you have a hardware wallet.

Quote from: boggym777 on October 16, 2023, 08:21:19 AM

however I understood that for mining a warm one should be better, and the excess funds to transfer to the cold one, right?

There's nothing stopping you from receiving fund from a mining pool to your hardware wallet.

boggym777

jr. member

Activity: 56

Merit: 14

Quote from: _act_ on October 16, 2023, 07:14:42 AM

You will need to read more about mining before you will start. Miners are using noncustodial wallet as the receiving payment, not a custodial wallet. There are many noncustodial wallet that you can use to generate bitcoin addresses which you can give for receiving mining payment. Examples are if you run your own full node, you can use bitcoin, or use normal wallet like Electrum.

Thank you very much for your input.
I understood, so Electrum is an app, or is a service where I have to make myself an account?
I also purchased a cold wallet, however I understood that for mining a warm one should be better, and the excess funds to transfer to the cold one, right?
Have a great day

hosseinimr93

legendary

Activity: 2380

Merit: 5213

Quote from: boggym777 on October 16, 2023, 07:00:19 AM

ave accounts at cripto.com, and shakepay, and they have their wallets, so should I use those, or are there other alternatives.

Cripto(dot)com? Do you mean crypto?
I have never used any of the services you mentioned, but I know both are custodial services.

As mentioned by _act_ above, you should always use non-custodial wallet for keeping your bitcoin.

In a non-custodial wallet, you have access to your private keys and you have full control over your fund.
In a custodial wallet/centralized exchange, your fund in controlled by a third party.

_act_

legendary

Activity: 1064

Merit: 1298

Lightning network is good with small amount of BTC

You will need to read more about mining before you will start. Miners are using noncustodial wallet as the receiving payment, not a custodial wallet. There are many noncustodial wallet that you can use to generate bitcoin addresses which you can give for receiving mining payment. Examples are if you run your own full node, you can use bitcoin, or use normal wallet like Electrum.

boggym777

jr. member

Activity: 56

Merit: 14

Hi,
I will be a new miner soon and as I am documenting myself, I did not find anything about what wallet would be best to use, or where I could find wallets to use, OK?
I have accounts at cripto.com, and shakepay, and they have their wallets, so should I use those, or are there other alternatives.
Thank you

Topic: What wallet would you recommend? - page 2. (Read 444 times)