Which Wallet should be suggested to a newbie? - page 2.

silvestar

legendary

Activity: 1134

Merit: 1002

Quote from: KuromaYoichi on September 07, 2014, 09:04:22 AM

most newbies use online wallet
i think blockchain and coinbase is good , but i prefer blockchain
if you consider using offline wallet > bitcoin-qt

For web wallets, blockchain.info is much better than any exchange wallets for 2 reasons.
1. You have the private keys. You won't lose your bitcoin when the site goes belly up if you have made a wallet backup.
2. Your wallet file is encrypted on the client side, so your bitcoin won't be lost when the site is hacked.

BiTJack

hero member

Activity: 806

Merit: 1000

Quote from: KuromaYoichi on September 07, 2014, 09:04:22 AM

most newbies use online wallet
i think blockchain and coinbase is good , but i prefer blockchain
if you consider using offline wallet > bitcoin-qt

Use blockchain with Two-factor authentication, So many hacks these days.

KuromaYoichi

sr. member

Activity: 756

Merit: 251

Sovryn - 300-500% APY on USDT Deposit

most newbies use online wallet
i think blockchain and coinbase is good , but i prefer blockchain
if you consider using offline wallet > bitcoin-qt

iphonecoins

full member

Activity: 190

Merit: 100

Quote from: lovegood on September 07, 2014, 08:29:45 AM

Quote from: unexecuted on September 06, 2014, 06:49:04 AM

For iOS, breadwallet.

Strongly agree. And I say that as someone who has played around with all of the available iOS wallets. Deterministic plus beautiful and incredibly easy to use interface.

I'm also using breadwallet.

I like the beautiful design very much.

It is really easy to use and is very suitable for newbies.

MarketTime

full member

Activity: 188

Merit: 100

I am using bitcoin-qt and feels good so far, the only problem I am facing is it is eating up a lot of space.

bambino

member

Activity: 111

Merit: 10

Quote from: lovegood on September 07, 2014, 08:29:45 AM

Quote from: unexecuted on September 06, 2014, 06:49:04 AM

For iOS, breadwallet.

Strongly agree. And I say that as someone who has played around with all of the available iOS wallets. Deterministic plus beautiful and incredibly easy to use interface.

Does breadwallet have an address book?

mrmousebtc

newbie

Activity: 42

Merit: 0

Without any doubt electrum, my daughter use it and she is only 14 years old.

lovegood

newbie

Activity: 56

Merit: 0

Quote from: unexecuted on September 06, 2014, 06:49:04 AM

For iOS, breadwallet.

Strongly agree. And I say that as someone who has played around with all of the available iOS wallets. Deterministic plus beautiful and incredibly easy to use interface.

polunna

newbie

Activity: 57

Merit: 0

Check out cryptocards.co

PalmerLaura

member

Activity: 116

Merit: 10

IPSX: Distributed Network Layer

Blockchain for online wallet, use only for small spends I like Electrum, think it's pretty intuitive to use

NotAtOld

member

Activity: 200

Merit: 10

Depends on the device being used but anything with a backup seed (Electrum) will be better than dealing with private keys for a newbie.

hardleft121

newbie

Activity: 14

Merit: 0

Quote from: maurya78 on September 05, 2014, 01:50:41 AM

Blockchain for online wallet, use only for small spends
I like Electrum, think it's pretty intuitive to use

I think offline wallet is more secure than online wallet. But for online wallet I think Blockchain is more secure than others. As a newbie I also use Blockchain.

neha

full member

Activity: 168

Merit: 100

There is very low chance of Coinbase or blockchain going haywire but you have to understand one basic premise that one should have, not to trust your money in someone else's pocket. Thus its best if you store your money locally so that the threat is mitigated. The same argument is not applicable in fiat because there are banks which are guaranteed/insured by the governments, but its not the case with bitcoins/cryptocoins.

We are also going to be providing an online service but we will always advise people to only put the money with us that they intend to spend online or offline in very near future.

Also, do VC investments make people view a company as infallible? Something to think about. Startups always have VC's.

Nellyx

newbie

Activity: 42

Merit: 0

I'd reccomend regular blockchain wallet? Is there anything wrong with it.

sifter

hero member

Activity: 574

Merit: 500

CoinBooster Rep

Quote from: odolvlobo on September 05, 2014, 02:24:59 AM

Quote from: neha on September 05, 2014, 02:17:24 AM

Quote from: odolvlobo on September 05, 2014, 02:05:19 AM

Don't use a site that doesn't give you full control of the private keys (e.g. Coinbase and any of the exchanges and ecash.io).

I saw a new one or maybe an old one, its called ecash.io. Any review/report on this?

There I fixed it.

But what are the chance of coinbase.com going haywire

neha

full member

Activity: 168

Merit: 100

Quote from: BitCoinDream on September 06, 2014, 05:34:53 PM

Does any of these wallets discussed here provides send to many feature by reading a CSV doc, e.g. Excel ?

Electrum

neha

full member

Activity: 168

Merit: 100

Well as a service provider, we have to give some advice to the newbies signing up for our service and thus the advice wont be private. But yes, we do plan to put some informational video on the site so that they can make an informed decision and the videos will be there to assist them setup with whatever wallet they choose.

Our whole platform is designed to make it easy for the people to transact in bitcoins but we are not a wallet service. Thus it will be advised to them to save their funds in the wallet of their choice and only deposit money with us what they intend to spend. However, we are not going to be politically correct and say all wallets are equal but do give an opinion attached based on the security atleast along with a disclaimer.

I have not tried Trezor but I will surely check it out.

itsAj

hero member

Activity: 588

Merit: 500

Quote from: RoadStress on September 06, 2014, 06:29:35 PM

Quote from: neha on September 06, 2014, 04:22:03 PM

This is what I am not understanding. I have to be missing something. In the new Armory, we dont even need to run the Bitcoin QT separately. Although, if you want to setup a cold storage, the process gets a little complicated considering you need a couple of computers, but even as is, Armory is way superior rather most superior with the kind of backup and restore they provide. Bitcoin QT does not provide any such feature.

Of course Electrum is faster and little easier considering no downloads and the benefits you loose out in comparison to Armory would probably not matter to a newbie.

Sure go for Electrum, but not bitcoin qt! Also I think that newbies don't need cold storage and if they have big amounts invested in bitcoin they can surely take the time to learn about the whole process or at least have someone teach them how to do it.

I think this is something that is very dangerous for a newbie to try to do. Especially when it is not in a not public environment (via PM or at your house for example) as no one will be able to look at the advice being given and can say the advice is good/bad. I would personally almost assume that someone giving advice in private is going to tell a newbie to do something that would make it easy for the person giving advice to easily steal the bitcoin being put in cold storage.

LiberyOrDeath

full member

Activity: 140

Merit: 100

Quote from: homm88 on September 06, 2014, 01:52:12 PM

If you are talking about online wallet then I suggest Coinbase wallet. Other than a newbie can use bitcoin-qt.

People - stay away from online wallets ! Even if they are as bulletproof as some of you claim - like blockchain or coinbase. I would not store a satoshi in there unless it is for a short term period - and by this I mean hours, not even days.

Do not get burned like many did before (me included - lost 5 btc by InstaWallet scam back in early 2013). Store your coins in a proper wallet, this is not a child's play - it's real assets that we are talking about here.

Kupsi

legendary

Activity: 1193

Merit: 1003

9.9.2012: I predict that single digits... <- FAIL

PC: Trezor or Armory with offline wallet (cold storage)
Android: Mycelium (only for small amounts)

Topic: Which Wallet should be suggested to a newbie? - page 2. (Read 4234 times)