And be sure that you’ve read information about safe and secure storage of bitcoins.
Remember that protecting your money is your responsibility.
So it totally depends on you and how you manage your wallet and private keys.
Topic: Which BTC wallet are you using - page 26. (Read 51411 times)
I'm using only Bitcoin Core. I don't trust exchanges, online wallets and third party wallets (even if they are open source). Using full node also gives me the pleasure of becoming a part of Bitcoin world.
I used to lost money in inputs.io, thanks to tradefortress.
I tried coinbase and blockchain.info at the beginning, but never use them again after this incident.
I used to lost money in inputs.io, thanks to tradefortress.
I tried coinbase and blockchain.info at the beginning, but never use them again after this incident.
I am using Coinbase . I do not know how well it but so far it's still good. Because I need to use my BTC for spending fast.
i use bitcoin core and blockchain.info wallet. blockchain wallet is great as you can spend your bitcoins everywhere since you have your phone with you. but only for small amounts.
I am using Bitcoin 0.10.0 (latest version) and Coinbase web wallet
So far, both are great.
So far, both are great.
I use blockchain.info
I hope you mean just for your hot wallet, used for small purchases. Cold storage is still best way for your main storage.
Blockchain does have some good things such as being able to access anywhere so that is great. It does have two factor so security is not bad. But it in no way is cold storage.
I use Bitcoin-qt. Once it starts taking up lots of space on my hard drive then I might switch to Electrum. I don't want to use an online wallet because of what happened to inputs.io and mtGox 
I use blockchain.info
Personally, I use Coinbase (online wallet) to store small amounts of coins. Then, when I earn more BTC and my balance exceeds 1 BTC, then I'll transfer over to Electrum (offline wallet). Once I get to know Bitcoins really well, I might go over to Armory. I'm not sure if it's good or not, but that's my plan.
The only way you are going to lose coins on blockchain.info is if you lose the key or you get your key stolen. Use a good long password and don’t be stupid and store it in plain text on your computer.
I use Bitcoin core and online blockchain.info with the 2FA enabled. I have also used xapo.com and is very secure but at the moment i prefer the core and blockchain.
Thank you for the comprehensive list. Did some quick research and decided on trying out both circle and coinbase for convenience.
I am going to assume that if I want instant-buy USD to BTC ability and keep a low amount of bitcoin in them, the risk is worth the ease of use.
I am going to assume that if I want instant-buy USD to BTC ability and keep a low amount of bitcoin in them, the risk is worth the ease of use.
Reviews of wallets I've used in chronological order:
Coinbase: Started Feb 2014, after hearing from a friend about Mt. Gox's collapse. Wanted to get into bitcoins at its low point...
Good
+ Able to convert USD to BTC
+ Loads of features I haven't gotten around to fully appreciating
+ Good customer support
+ Also an exchange
+ Most trusted third-party wallet IMO
Bad
- Trusted third-party. It pretty obvious that Bitcoin's history of trusted third-parties makes a lot more sense when you add the prefix "un-" to the term. Let Coinbase be different.
Still in use?
YES, as one of the most trusted third-party wallet, an exchange, and loads of features I haven't gotten around to using, it's my go-to for purchasing large quantities of BTC.
Bitcoin QT: Started Feb 2014, after hearing from a friend about Mt. Gox's collapse. I might have bought a bit high, but I did my homework and concluded that I wanted to control my own private keys. Coinbase's coins lasted about 10 minutes after they were delivered and whisked away to QT.
Good
+ Full node
+ Vanilla wallet, easy to understand, simple to use
+ Non-deterministic keys
Bad
- Non-deterministic keys, no HD keys
- Full node eats up a lot of computing resources
Still in use?
YES, contributing to the network and my personal transactional security is two birds with one stone.
Mycelium: Started March 2014, wanted to trade bitcoins in person.
Good
+ Excellent, highly polished UI, simple to understand and easy to use
Bad
- Thin client with specialized servers means having to trust a relatively small set of nodes relative to the bitcoin network to relay transactions. A minor negative, nothing that would steal private keys.
Still in use?
YES, with excellent production value and ease of usage, Mycelium is my hot wallet.
Circle: Started July(?) 2014, despite all the flak that Jeremy Allaire's gotten from hyping Circle and his unpopular direction on bitcoin, Circle actually opened and I wanted to try out Coinbase's potential rival.
Good
+ The USD to BTC price has been, from my experience, always cheaper than Coinbase
+ Instantly purchase BTC via bank-linked account (Coinbase requires a Visa credit card, which I don't have)
Bad
- Not as established or feature-loaded as Coinbase
- Trusted. Third. Party.
Still in use? YES, I use them to insta-buy small quantities of BTC.
Electrum: Started July 2014. Wanted to practice offline signatures.
Good
+ SPV wallet == minimal resource footprint
+ HD wallet
+ Easy-to-use offline signature
Bad
- Thin client with specialized servers means having to trust a relatively small set of nodes relative to the bitcoin network to relay transactions. A minor negative, nothing that would steal private keys.
Still in use? NO, I've advanced to Armory. I still recommend this wallet for newbies who wants to practice offline signatures and just secure their wallets without having to play with the knobs and levers.
Bitcoin for Android: Started September 2014, after the developers implemented PIN security.
Good
+ Excellent backup security
+ SPV that uses bitcoin nodes, unlike specialized servers like the case of Electrum or Mycelium
Bad
- I had some issues during my course of usage that the developers were responsive to, and resolved them promptly. Since they were resolved, they won't be listed here.
Still in use? NO, after finding out back in November 2014 that this wallet created unencrypted backups on my phone for two months without my consent, I immediately dropped it and came back to Mycelium. The developers have since fixed this security mistake. I may come back to it later.
Armory: Started to actually use it in December 2014. I had installed Armory since the beginning of my bitcoin adoption, but avoided it due to the daunting complexity of Armory's loaded features. It wasn't until I understood more about the technicals of a bitcoin transaction that I started to remember Armory and those exact features I wanted.
Good
+ Full Node
+ Loads of technical features, from good coin control, to offline signatures, to encryption security control, Armory is for bitcoiners who knows what they're doing
+ Excellent encryption security
Bad
- UI could use some streamlining
- Full Node takes up a lot of computing resources
Still in use? YES. Armory is my favorite desktop bank by far.
Coinbase: Started Feb 2014, after hearing from a friend about Mt. Gox's collapse. Wanted to get into bitcoins at its low point...
Good
+ Able to convert USD to BTC
+ Loads of features I haven't gotten around to fully appreciating
+ Good customer support
+ Also an exchange
+ Most trusted third-party wallet IMO
Bad
- Trusted third-party. It pretty obvious that Bitcoin's history of trusted third-parties makes a lot more sense when you add the prefix "un-" to the term. Let Coinbase be different.
Still in use?
YES, as one of the most trusted third-party wallet, an exchange, and loads of features I haven't gotten around to using, it's my go-to for purchasing large quantities of BTC.
Bitcoin QT: Started Feb 2014, after hearing from a friend about Mt. Gox's collapse. I might have bought a bit high, but I did my homework and concluded that I wanted to control my own private keys. Coinbase's coins lasted about 10 minutes after they were delivered and whisked away to QT.
Good
+ Full node
+ Vanilla wallet, easy to understand, simple to use
+ Non-deterministic keys
Bad
- Non-deterministic keys, no HD keys
- Full node eats up a lot of computing resources
Still in use?
YES, contributing to the network and my personal transactional security is two birds with one stone.
Mycelium: Started March 2014, wanted to trade bitcoins in person.
Good
+ Excellent, highly polished UI, simple to understand and easy to use
Bad
- Thin client with specialized servers means having to trust a relatively small set of nodes relative to the bitcoin network to relay transactions. A minor negative, nothing that would steal private keys.
Still in use?
YES, with excellent production value and ease of usage, Mycelium is my hot wallet.
Circle: Started July(?) 2014, despite all the flak that Jeremy Allaire's gotten from hyping Circle and his unpopular direction on bitcoin, Circle actually opened and I wanted to try out Coinbase's potential rival.
Good
+ The USD to BTC price has been, from my experience, always cheaper than Coinbase
+ Instantly purchase BTC via bank-linked account (Coinbase requires a Visa credit card, which I don't have)
Bad
- Not as established or feature-loaded as Coinbase
- Trusted. Third. Party.
Still in use? YES, I use them to insta-buy small quantities of BTC.
Electrum: Started July 2014. Wanted to practice offline signatures.
Good
+ SPV wallet == minimal resource footprint
+ HD wallet
+ Easy-to-use offline signature
Bad
- Thin client with specialized servers means having to trust a relatively small set of nodes relative to the bitcoin network to relay transactions. A minor negative, nothing that would steal private keys.
Still in use? NO, I've advanced to Armory. I still recommend this wallet for newbies who wants to practice offline signatures and just secure their wallets without having to play with the knobs and levers.
Bitcoin for Android: Started September 2014, after the developers implemented PIN security.
Good
+ Excellent backup security
+ SPV that uses bitcoin nodes, unlike specialized servers like the case of Electrum or Mycelium
Bad
- I had some issues during my course of usage that the developers were responsive to, and resolved them promptly. Since they were resolved, they won't be listed here.
Still in use? NO, after finding out back in November 2014 that this wallet created unencrypted backups on my phone for two months without my consent, I immediately dropped it and came back to Mycelium. The developers have since fixed this security mistake. I may come back to it later.
Armory: Started to actually use it in December 2014. I had installed Armory since the beginning of my bitcoin adoption, but avoided it due to the daunting complexity of Armory's loaded features. It wasn't until I understood more about the technicals of a bitcoin transaction that I started to remember Armory and those exact features I wanted.
Good
+ Full Node
+ Loads of technical features, from good coin control, to offline signatures, to encryption security control, Armory is for bitcoiners who knows what they're doing
+ Excellent encryption security
Bad
- UI could use some streamlining
- Full Node takes up a lot of computing resources
Still in use? YES. Armory is my favorite desktop bank by far.
I use electrum+trezor for top notch security. I also like greenaddress because of multi-sig. I stay away from web wallets like the black plague.
i use blockhain.info
Blockchain.info... In terms of security and usability balance nothing beats Blockchain.info wallets.
Keep in mind that their programmer messed up and if it was not for johoe here they wouldve lost over 1000 BTCs. I wouldnt trust them.
Look up johoe's posts here and you will understand what I mean.
I use blockchain for gambling , BTC wallet of my account in Bittrex.com to store my money .
Any particular reason for this? Bittrex is an exchange which means that you don't actually have control over your private keys and they could get hacked anytime. While Blockchain.info is an online wallet, they are considerably more secure than other online wallet services out there since they don't have access to your private keys - thus making any bitcoins stored there truly "yours". Ideally, any significant amount of bitcoins should be stored in an offline rather than online wallet so your decision to not only use an online service to store the bulk of your savings but to also use an exchange such as Bittrex for this purpose is a rather strange one.
Exchanges should not be used as wallets. There is no way for you to recover your coins if the exchange goes down or is hacked
+1 for blockchain.info wallet. offers lots of useful features in an easy to use interface. Haven’t heard any negatives so far about them.
I use blockchain for gambling , BTC wallet of my account in Bittrex.com to store my money .
Any particular reason for this? Bittrex is an exchange which means that you don't actually have control over your private keys and they could get hacked anytime. While Blockchain.info is an online wallet, they are considerably more secure than other online wallet services out there since they don't have access to your private keys - thus making any bitcoins stored there truly "yours". Ideally, any significant amount of bitcoins should be stored in an offline rather than online wallet so your decision to not only use an online service to store the bulk of your savings but to also use an exchange such as Bittrex for this purpose is a rather strange one.
I use blockchain for gambling , BTC wallet of my account in Bittrex.com to store my money .
I use electrum, blockchain.info and the qt-core on my desktops, and mycelium and the blochchain.info app on my android device.
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