WHICH BITCOIN WALLET IS THE MOST GOOD AND CONVINENCY - page 3.

notlist3d

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Quote from: adomers on April 20, 2016, 07:16:50 AM

Quote from: Metadextrous on April 16, 2016, 09:43:38 PM

Electrum for me, lightweight and easy to use, also safer rather than blockchain.info which is sometimes down

I tried Coinbase.com, It simply just gives you a very small control over your account.

This is on purpose though. They have a insurance policy if site is hacked it *should* cover losses for people storing on site. Does not cover one person like if you lose your account due to you being hacked. But covers more of the site as a hole.

If they give you control it defeats their security, which is what is insured. So it's a different kind of wallet. Not for those who want complete control of private key and such.

Jezreel

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The Boy Who Shattered Time

I'm from Philippines and I'm using Coins.ph.

Dinki

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Incent

I would say use a paper wallet. Security is more important than convinience.

traderbit

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Quote from: adomers on April 20, 2016, 07:16:50 AM

Quote from: Metadextrous on April 16, 2016, 09:43:38 PM

Electrum for me, lightweight and easy to use, also safer rather than blockchain.info which is sometimes down

I tried Coinbase.com, It simply just gives you a very small control over your account.

Coinbase does not give you the private key so you don't control your 'own' bitcoins, which means when coinbase is offline you can't move your bitcoins.

adomers

newbie

Activity: 42

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Quote from: Metadextrous on April 16, 2016, 09:43:38 PM

Electrum for me, lightweight and easy to use, also safer rather than blockchain.info which is sometimes down

I tried Coinbase.com, It simply just gives you a very small control over your account.

notlist3d

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Activity: 1456

Merit: 1000

Quote from: r1cochet on April 19, 2016, 07:33:39 AM

Quote from: notlist3d on April 18, 2016, 03:29:03 PM

Quote from: r1cochet on April 18, 2016, 11:38:12 AM

Quote from: hulla on April 16, 2016, 09:34:39 PM

Quote from: peta4e on April 16, 2016, 10:22:11 AM

Quote from: Karpeles on April 16, 2016, 08:25:39 AM

The most convenient are the mobile wallets, because you can use them everywhere easily. Of course they are not the most secure and risk free, too.

You should do your own research and decide what is best for you

Exactly different wallets have different features and you should choose according to your convenience I am using multibit at a moment but when I need to convert it to fiat I transfer it to localbitcoins.

Concern the localbitcoin. Is the site tested and trusted cos I don't want to get scam.

Localbitcoins has been around for a while now, I think the only people you need to worry about trusting there are the people your trading bitcoin with.

It is still more of a exchange (yes one without people providing info as it's users want to be anonymous in most cases). But read new's about storing on exchanges there are just to many bad stories and hacks to store on a exchange and believe your safe. Only one that I can think of different is coinbase due to it's insurance policy.

But you really should use a good hot wallet for short term spending. And a good cold wallet or hardware wallet for long term.

Thanks for the advice, must admit I am guilty of keeping most of my bitcoin (epecially alt-currencies) on exhanges.

Probably a habit I should break, it's just a lot more convenient when I'm trading. I keep meaning to learn how to make paper wallets (securely)....

Exchanges make it really easy to do with so many wallets all on one site. They do such a good job many use it to store altcoin's long term. But at end of day it is a hot wallet. Not only that it's a huge target many "bad people" target exchanges knowing about amount stored there.

Glad to hear you and hopefully others switch to a more secure storage vs standard exchange with ton's of alt-coins.

hulla

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Activity: 1834

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Quote from: r1cochet on April 18, 2016, 11:38:12 AM

Quote from: hulla on April 16, 2016, 09:34:39 PM

Quote from: peta4e on April 16, 2016, 10:22:11 AM

Quote from: Karpeles on April 16, 2016, 08:25:39 AM

The most convenient are the mobile wallets, because you can use them everywhere easily. Of course they are not the most secure and risk free, too.

You should do your own research and decide what is best for you

Exactly different wallets have different features and you should choose according to your convenience I am using multibit at a moment but when I need to convert it to fiat I transfer it to localbitcoins.

Concern the localbitcoin. Is the site tested and trusted cos I don't want to get scam.

Localbitcoins has been around for a while now, I think the only people you need to worry about trusting there are the people your trading bitcoin with.

Ok, now i understand but how does it work?

r1cochet

newbie

Activity: 26

Merit: 0

Quote from: notlist3d on April 18, 2016, 03:29:03 PM

Quote from: r1cochet on April 18, 2016, 11:38:12 AM

Quote from: hulla on April 16, 2016, 09:34:39 PM

Quote from: peta4e on April 16, 2016, 10:22:11 AM

Quote from: Karpeles on April 16, 2016, 08:25:39 AM

The most convenient are the mobile wallets, because you can use them everywhere easily. Of course they are not the most secure and risk free, too.

You should do your own research and decide what is best for you

Exactly different wallets have different features and you should choose according to your convenience I am using multibit at a moment but when I need to convert it to fiat I transfer it to localbitcoins.

Concern the localbitcoin. Is the site tested and trusted cos I don't want to get scam.

Localbitcoins has been around for a while now, I think the only people you need to worry about trusting there are the people your trading bitcoin with.

It is still more of a exchange (yes one without people providing info as it's users want to be anonymous in most cases). But read new's about storing on exchanges there are just to many bad stories and hacks to store on a exchange and believe your safe. Only one that I can think of different is coinbase due to it's insurance policy.

But you really should use a good hot wallet for short term spending. And a good cold wallet or hardware wallet for long term.

Thanks for the advice, must admit I am guilty of keeping most of my bitcoin (epecially alt-currencies) on exhanges.

Probably a habit I should break, it's just a lot more convenient when I'm trading. I keep meaning to learn how to make paper wallets (securely)....

n691309

legendary

Activity: 1526

Merit: 1001

Quote from: hulla on April 13, 2016, 04:39:05 AM

Quote from: n691309 on April 12, 2016, 05:21:45 PM

Quote from: isildur1 on April 12, 2016, 05:17:28 PM

what are the downsides to blockchain.info? I want to get into a wallet, how safe exactly is it?

It's safe enough as long as you stay safe, blockchain.info wallet works only when the site is up so when the site is down you can't use their wallet service, the bad side is that you can't sign bitcoin message from their website (the beta version), it is one of the most popular online wallets.

Yes, blockchain I one of the most used and popular wallet but the down side of blockchain is that loosing your password is as loosing your account or bitcoin. Though, they do let people know this and I like that about them.

If you can't save/remember the password i doubt how would you do with passphrase, 24-word seed then and the password. I prefer something that is portable and that i can use on the go, on the web, on the phone and PC, that's why i don't use bitcoin core.

notlist3d

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Quote from: r1cochet on April 18, 2016, 11:38:12 AM

Quote from: hulla on April 16, 2016, 09:34:39 PM

Quote from: peta4e on April 16, 2016, 10:22:11 AM

Quote from: Karpeles on April 16, 2016, 08:25:39 AM

The most convenient are the mobile wallets, because you can use them everywhere easily. Of course they are not the most secure and risk free, too.

You should do your own research and decide what is best for you

Exactly different wallets have different features and you should choose according to your convenience I am using multibit at a moment but when I need to convert it to fiat I transfer it to localbitcoins.

Concern the localbitcoin. Is the site tested and trusted cos I don't want to get scam.

Localbitcoins has been around for a while now, I think the only people you need to worry about trusting there are the people your trading bitcoin with.

It is still more of a exchange (yes one without people providing info as it's users want to be anonymous in most cases). But read new's about storing on exchanges there are just to many bad stories and hacks to store on a exchange and believe your safe. Only one that I can think of different is coinbase due to it's insurance policy.

But you really should use a good hot wallet for short term spending. And a good cold wallet or hardware wallet for long term.

r1cochet

newbie

Activity: 26

Merit: 0

Quote from: hulla on April 16, 2016, 09:34:39 PM

Quote from: peta4e on April 16, 2016, 10:22:11 AM

Quote from: Karpeles on April 16, 2016, 08:25:39 AM

The most convenient are the mobile wallets, because you can use them everywhere easily. Of course they are not the most secure and risk free, too.

You should do your own research and decide what is best for you

Exactly different wallets have different features and you should choose according to your convenience I am using multibit at a moment but when I need to convert it to fiat I transfer it to localbitcoins.

Concern the localbitcoin. Is the site tested and trusted cos I don't want to get scam.

Localbitcoins has been around for a while now, I think the only people you need to worry about trusting there are the people your trading bitcoin with.

Metadextrous

full member

Activity: 182

Merit: 100

Electrum for me, lightweight and easy to use, also safer rather than blockchain.info which is sometimes down

hulla

hero member

Activity: 1834

Merit: 566

Quote from: peta4e on April 16, 2016, 10:22:11 AM

Quote from: Karpeles on April 16, 2016, 08:25:39 AM

The most convenient are the mobile wallets, because you can use them everywhere easily. Of course they are not the most secure and risk free, too.

You should do your own research and decide what is best for you

Exactly different wallets have different features and you should choose according to your convenience I am using multibit at a moment but when I need to convert it to fiat I transfer it to localbitcoins.

Concern the localbitcoin. Is the site tested and trusted cos I don't want to get scam.

backupp

newbie

Activity: 38

Merit: 0

if you are restricted to using online wallets i vouch for blockchain.info as they offer a lot of features. you download an encrypted version of your private key and have to provide it together with your password in order to decrypt your wallet at login. also they have a very huge user base and transaction volume, allowing them to offer a shared send feature.

notlist3d

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Activity: 1456

Merit: 1000

Quote from: BitMaxz on April 16, 2016, 01:14:29 PM

Quote from: JessicaSe on April 16, 2016, 12:33:30 PM

I will go with blockchain.info as I feel that it takes less time for confirmation in transaction which takes usually a very long time in other wallets.

Honestly i already use the blockchain and even you are paying high fee the transaction is slow.. and i think it depends in miners if it will confirm it fast or not.. i use coinbase because theres no fee for every transaction..

You can do custom and change fee to what ever you want, so it does not have to be slow. Blockchain.info is no doubt most popular hot web wallet. Just has a ton of users. (all of which I hope use 2 factor... but I know this not true.)

Coinbase is hard to get some as they like to remain anonymous, and coinbase you provide KYC info. Also it is a exchange so kinda a different market. But it is good due to insurance policy they have that should protect if site is hacked.

BitMaxz

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BTC price road to $80k

Quote from: JessicaSe on April 16, 2016, 12:33:30 PM

I will go with blockchain.info as I feel that it takes less time for confirmation in transaction which takes usually a very long time in other wallets.

Honestly i already use the blockchain and even you are paying high fee the transaction is slow.. and i think it depends in miners if it will confirm it fast or not.. i use coinbase because theres no fee for every transaction..

JessicaSe

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Activity: 840

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I will go with blockchain.info as I feel that it takes less time for confirmation in transaction which takes usually a very long time in other wallets.

Red-Apple

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Activity: 1470

Merit: 655

Quote from: peta4e on April 16, 2016, 10:22:11 AM

Quote from: Karpeles on April 16, 2016, 08:25:39 AM

The most convenient are the mobile wallets, because you can use them everywhere easily. Of course they are not the most secure and risk free, too.

You should do your own research and decide what is best for you

Exactly different wallets have different features and you should choose according to your convenience I am using multibit at a moment but when I need to convert it to fiat I transfer it to localbitcoins.

when i was planning on choosing a wallet for myself i tested Multibit but i didn't feel comfortable with it and especially when i read that i have to pay a fee to developers in order to use it i disliked it even more.
now i use Electrum and i am happy with it because i can easily work with in offline then sign and transfer it online.

peta4e

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Quote from: Karpeles on April 16, 2016, 08:25:39 AM

The most convenient are the mobile wallets, because you can use them everywhere easily. Of course they are not the most secure and risk free, too.

You should do your own research and decide what is best for you

Exactly different wallets have different features and you should choose according to your convenience I am using multibit at a moment but when I need to convert it to fiat I transfer it to localbitcoins.

Swisk

newbie

Activity: 56

Merit: 0

Does no-one use BitGo? I downloaded it because their selling point is security. But it seems like its not very widely used - at least on this forum.

Of course it's a desktop wallet so its not that secure in the first place, but anyway.

Topic: WHICH BITCOIN WALLET IS THE MOST GOOD AND CONVINENCY - page 3. (Read 12776 times)