Topic: Which types of wallet better for bitcoin? - page 2. (Read 1791 times)
Blockchain is best among the apps
for the safest wallet I suggest to use nano leadger. nano leadgers include hardware shaped USB flashdisk and nano leadger is the most popular wallet because it is able to store two digital currencies ie bitcoin and electrum. Users can complete transactions on the screen of the device or by using a browser plugin, this product is very powerful and certainly very safe from hackers.
It is better and more secure if you can use the paper wallets. Actually it is more lazy thing to do.
So 2nd way, a hardware wallets is best option now a days. It is combine with technology and easy to use. So I recommend you to use a hardware wallet.
So 2nd way, a hardware wallets is best option now a days. It is combine with technology and easy to use. So I recommend you to use a hardware wallet.
There are multiple wallets you can use for Bitcoin. However, it is better to keep an offline wallet in order for you to secure your Bitcoin or stash better and easier.
I also prefer to store it offline when you have the huge number of btc. If its small number and you require it frequently then its fine to store under different wallets online. But if you are a long term investor then better to save it offline and ensure only the trusted person is known about it so that in case you are not there the other person can make use of it.
For me Bitcoin core is the secure wallet i have use,i am using this since i start her in cryptocurrency so far i've never encountered any issue about scam and hacked,but i am still exploring of any secure wallet than can be use alternate besides from Bitcoin core.
Just make sure that those people who want to use core have a large storage it will eat your storage day by day. And as a desktop app your PC can be infected with malware so this is not theat 100% safe wallet but a hardware wallet instead. Which you can use it whether a PC is infected or not. Just make sure that you're the only one knows the recovery phrases so yoi're fully secured.
There are multiple wallets you can use for Bitcoin. However, it is better to keep an offline wallet in order for you to secure your Bitcoin or stash better and easier.
Thee are many types of wallet like mobile wallets,desktop wallets, paper wallets and hardware wallet etc.mobile wallets are use as application in mobilephones.if you want to use this type of wallet then i suggest you to zabpay and coinbase beacause both are very good and i personally use it.there are many types of desktop wallet but i suggest you to use Myetherwallet.com beacause you can also store any types of token into it.If we talk about the paper wallet then it has one public key for receive btc.And the safest wallet is hardware wallet beacause it's offline wallet so anyone can't hack it.if you have more btc and you need high security then i suggest you to use hardware wallet.
For me Bitcoin core is the secure wallet i have use,i am using this since i start her in cryptocurrency so far i've never encountered any issue about scam and hacked,but i am still exploring of any secure wallet than can be use alternate besides from Bitcoin core.
Considering worth and volatility of bitcoin its security should be factor to consider while storing bitcoin.
Who will be best person to answer this question will be? Of course one who have in depth knowledge of blockchain. I had this question in mind for my own bitcoin and I asked one of my friend working at blockchainerz This is what he recommended:
1. Who understand its product better? - creator right ? likewise for cryptocurrency wallet provided by cryptocurrency itself is best. So always go for bitcoin's core wallet.
2. There is issue Its not that much handy? - No problem for transaction purpose you can transfer small amount whatever needed to your favorite 3rd party wallet get things done and restore back.
3. 3rd Party wallet is smooth and secure then why go back to core wallet? - Most of 3rd party wallets generated over exchanger's and trading platforms don't provide you private key. That's only thing which makes you owner of coin stored on that wallet. So avoid them as they are true owner of your coin if you are using it.
I hope you got all details and recommendation , please let me know if anything needed
Who will be best person to answer this question will be? Of course one who have in depth knowledge of blockchain. I had this question in mind for my own bitcoin and I asked one of my friend working at blockchainerz This is what he recommended:
1. Who understand its product better? - creator right ? likewise for cryptocurrency wallet provided by cryptocurrency itself is best. So always go for bitcoin's core wallet.
2. There is issue Its not that much handy? - No problem for transaction purpose you can transfer small amount whatever needed to your favorite 3rd party wallet get things done and restore back.
3. 3rd Party wallet is smooth and secure then why go back to core wallet? - Most of 3rd party wallets generated over exchanger's and trading platforms don't provide you private key. That's only thing which makes you owner of coin stored on that wallet. So avoid them as they are true owner of your coin if you are using it.
I hope you got all details and recommendation , please let me know if anything needed
LNS for offline EXO for online!
i use electrum, because it uses servers that index the Bitcoin blockchain. No Lock-In. You can export your private keys and use them in other Bitcoin clients. No Downtimes
I have heard a lot about electrum and got suggestions from fellow bitcoin users that electrum is really good but I have always used coinbase and will be using coinbase itself due to the simple and secure features of coinbase which is a user friendly wallet and you can easily retrieve your credentials unless like other wallets where it becomes almost impossible to retain the credentials if you forget that. Coinbase is the best wallet for me.
Which types of wallet better for bitcoin? which wallet better for bitcoin secure
I think it's better to use mycellium bag, because mycellium wallet is a bitcoin mobile wallet that was awarded as "Best Mobile Application" from Blockchain. there are many other safe wallets but it all back again to the personal wants to use which wallet, but I suggest you to wear mycellium wallet.
i use electrum, because it uses servers that index the Bitcoin blockchain. No Lock-In. You can export your private keys and use them in other Bitcoin clients. No Downtimes
So I need to have a midrange-high CPU in order to run this ? (i7-i3)? And my computer will run for about a week? (what if i turn off the computer will it continue to sync the from the end when I turned off the computer?) I have a lot to learn on this one (may be a I should build a new computer rig again and subscribe for a more stable internet connection).
By the way I did some research on the requirements of the computer in downloading BTC core :
Minimum Recommended
Disk space. 145 GB.
Download. 500 MB/day (15 GB/month)*
Upload. 5 GB/day (150 GB/month)
Memory (RAM) 1 GB.
System. Desktop. Laptop. Some ARM chipsets >1 GHz.
Operating system. Windows 7/8.x/10. Mac OS X. Linux.
source : https://bitcoin.org/en/bitcoin-core/features/requirements
The requirements are not that expensive but the data is another story.
And yes based from what I've heard you can have some viruses but if you will run it on windows your computer anti virus might affect the performance.
So i need to run some linux (I need to learn).
Thank you for your answer by the way. It helps.
By the way I did some research on the requirements of the computer in downloading BTC core :
Minimum Recommended
Disk space. 145 GB.
Download. 500 MB/day (15 GB/month)*
Upload. 5 GB/day (150 GB/month)
Memory (RAM) 1 GB.
System. Desktop. Laptop. Some ARM chipsets >1 GHz.
Operating system. Windows 7/8.x/10. Mac OS X. Linux.
source : https://bitcoin.org/en/bitcoin-core/features/requirements
The requirements are not that expensive but the data is another story.
And yes based from what I've heard you can have some viruses but if you will run it on windows your computer anti virus might affect the performance.
So i need to run some linux (I need to learn).
Thank you for your answer by the way. It helps.
Disk requirements are wrong there. Blockchain has increased since then. I wouldn't even bother without 200GB.
You don't need a good CPU, the most basic one that could run fine a decade ago for most common tasks would be sufficient.
It just might take a bit longer to do the initial sync. The requirements are most basic, you pretty much just need a normal PC, even an old one will do, as long as it wasn't from more the 10 years ago, I guess.
Running Windows is a whole other story that I can't help you with, as I haven't run Windows in years and never used it for Bitcoin.
You can install Ubuntu and you will see that it is nothing difficult, just a different Desktop, but using a command line would give you amazing powers that you could never have on Windows and it is very basic to use it as well.
You have plenty of tutorials on how to install Bitcoin Core on Ubuntu as well as do any other basic operations. You will not have a problem setting it up, I am sure.
You can stop Bitcoin Core at any time during an initial sync or not and it will normally continue once you turn it back on.
I use a ledger nano and am very happy with it 
Didnt use any other so cant comment on them.
Didnt use any other so cant comment on them.
I'm just wondering what is the tenacity of hardware wallets in terms of long term use. Even flash drives have a limited time. It would be scary if one day your trezor have some "hardware error" 
The crucial point is that you can use a hardware wallet for every day usage. It is pretty handy in accessing your coins and making transactions without
exposing your private keys. You can still sign transactions on an infected pc without your coins getting lost.
Standard flash drives can be written up to 1.000.000 times. Even if your usage exceeds this limit its still possible to just easily recover your coins from the
12/18/24 word seed phrase. And if you are performing this restoration also on a hardware wallet, your priv keys aren't exposed to theft anytime.
And this without any technical knowledge. So IMO hardware wallets do have quite some additional value.
If you don't use core, then they aren't your Bitcoins. It's the same as money deposited in a fiat bank.
If you don't want to tie up 200Gb, then run a pruned node. You lose a few functions, but save a lot of drive space. If you haven't got the drive space available, then use an external SSD.
If you don't want to tie up 200Gb, then run a pruned node. You lose a few functions, but save a lot of drive space. If you haven't got the drive space available, then use an external SSD.
Good line. I don't have enough knowledge on BTC core too, so that's it. I wonder if that core is consuming a lot of data, and what is the requirements of the PC to run that?
I'm willing to download this.
It is a good line, very eye catching, but a bit incorrect
As I said, you and only you still have full control of your coins when you are using Electrum and the drawback is not that big to be honest.
But it is a lot better to run Core for multiple reasons and security,privacy and helping the network is one of these.
Bitcoin Core takes few hundred MB of RAM and couple of tens of KB/s bandwith. The blockchain is around 170GB now, but it is always increasing so I would count around 200GB. However you can have a pruned node that can take as much as space as you define. It doesn't take much CPU power either and when it does it is usually small spikes every 10 minutes or so, when the new block comes.
It will just take some time to sync first time you start it as it needs to download and verify the entire blockchain. This is largely up to your CPU speed and it often take around a week.
So I need to have a midrange-high CPU in order to run this ? (i7-i3)? And my computer will run for about a week? (what if i turn off the computer will it continue to sync the from the end when I turned off the computer?) I have a lot to learn on this one (may be a I should build a new computer rig again and subscribe for a more stable internet connection).
By the way I did some research on the requirements of the computer in downloading BTC core :
Minimum Recommended
Disk space. 145 GB.
Download. 500 MB/day (15 GB/month)*
Upload. 5 GB/day (150 GB/month)
Memory (RAM) 1 GB.
System. Desktop. Laptop. Some ARM chipsets >1 GHz.
Operating system. Windows 7/8.x/10. Mac OS X. Linux.
source : https://bitcoin.org/en/bitcoin-core/features/requirements
The requirements are not that expensive but the data is another story.
And yes based from what I've heard you can have some viruses but if you will run it on windows your computer anti virus might affect the performance.
So i need to run some linux (I need to learn).
Thank you for your answer by the way. It helps.
I've been looking into hardware wallets and I know I've had us sticks go bad before are any of these issues possible with a hardware wallet?
for longtime holding use trezor or ledger
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