Which Wallet should be suggested to a newbie? - page 4.

LiberyOrDeath

full member

Activity: 140

Merit: 100

Quote from: neha on September 05, 2014, 01:46:07 AM

Hi Everyone. I was wondering about your thoughts on which wallet you think can be suggested to newbies that can ensure a high level of safety. Armory is already considered but I would like to know everyones thoughts about any other wallet services...offline or online? Thanks.

I think that the original btc wallet is as safe as it gets, Armory is hardcore stuff. If you want an easy interface use Electrum as others have suggested, but do not forget to consider the options of paper wallets and brain wallet as well. These are the easiest and at least as secure as Armory.

Just my 2 satoshis worth.

pajrinn

full member

Activity: 234

Merit: 100

I'm newbi in crypto, and I use blockchain and bitcoin.co.id

I think blockchain and bitcoin.co.id safe enough

But this my opinion

Morguk

hero member

Activity: 595

Merit: 506

Multibit, quick and easy. I don't like having to download all of the blockchain and multibit solves this. I like the look of electrum but I've never tried it.

neha

full member

Activity: 168

Merit: 100

Quote from: Fearless on September 05, 2014, 01:37:39 PM

Bitcoin-qt, blockchain.info and btc-e are some of the good ones. All of them offer A class security so you don't have to worry about hacker getting in and hacking database or your account being hijacked easily, unless your computer has virus.

The problem is that newbies dont understand the importance of wallets and then they loose their money due to some negligence and then blame the tech i.e. Bitcoin. Thus, Bitcoin-qt is out considering there is no way to retrieve the wallet if you loose your computer.

Blockchain.info and Bitgo looks good as a webwallet . Although Blockchain is older, bitgo provides more security. Hive and electrum both are good as a desktop wallet. Lastly, Armory is probably the best but requires some computer knowledge to make it work in the most secure way. Thus, I feel this should be good enough to recommend to newbies. Now just need some good explanatory videos about each, and we should good.

Fearless

member

Activity: 89

Merit: 10

Bitcoin-qt, blockchain.info and btc-e are some of the good ones. All of them offer A class security so you don't have to worry about hacker getting in and hacking database or your account being hijacked easily, unless your computer has virus.

kolloh

legendary

Activity: 1736

Merit: 1023

I would suggest Blockchain for the simplicity and ease of use. Of course I would recommend the use of two factor authentication as well.

keithers

legendary

Activity: 1456

Merit: 1001

This is the land of wolves now & you're not a wolf

Quote from: odolvlobo on September 05, 2014, 10:37:11 AM

Quote from: blatchcorn on September 05, 2014, 05:50:57 AM

I am going play devil's advocate and suggest Coinbase Cheesy

While you do not have control over the private keys, it really is very newbie-friendly. The chances of Coinbase turning out to be a scam is a lot lower than a newbie making some kind of mistake and losing their coins

I'm pretty sure that Coinbase is not a scam, so that is not a risk. Also, their deposits are insured against theft, so that is not a risk.

However, there is a relatively high risk that Coinbase will go out out of business and you lose will your money. It's a start-up, and start-ups go bust all the time.

There is also a relatively high risk that someone will steal your password and drain your account. It happens frequently, and their insurance doesn't cover it.

Yes, all this is true. While new people hear the word "insurance" and think that everything is protected, it is Coinbase itself that is protected. The one way that most people lose their coins (a compromised log in), is the one thing that is not covered.

antibitcoinconsortium

member

Activity: 73

Merit: 10

if you are a truely good friend you dont suggest a wallet. you tell him to get out now before he lose all his money!

Bonam

sr. member

Activity: 420

Merit: 250

I've used blockchain for ~2 years and no complaints with it. Works well, easy to use, excellent up time.

keithers

legendary

Activity: 1456

Merit: 1001

This is the land of wolves now & you're not a wolf

I think Coinbase.com is the most natural fit for a newbie. There you can get comfortable with buying, selling, and holding BTC. After you get comfortable, you will probably realize that you want to be managing your own private keys, and will end up moving the majority of the coins to a different wallet. Coinbase is pretty much fool proof, so IMO it is the best place to start.

Trying to learn how to buy directly from an exchange, while having to do things to maintain your wallet separately can be overwhelming to someone new. You have to crawl before you ball.

MoonTime

member

Activity: 96

Merit: 10

Blockchain.info , enable the two step authentication and limit login to specific IPs only.

odolvlobo

legendary

Activity: 4466

Merit: 3391

Quote from: blatchcorn on September 05, 2014, 05:50:57 AM

I am going play devil's advocate and suggest Coinbase Cheesy

While you do not have control over the private keys, it really is very newbie-friendly. The chances of Coinbase turning out to be a scam is a lot lower than a newbie making some kind of mistake and losing their coins

I'm pretty sure that Coinbase is not a scam, so that is not a risk. Also, their deposits are insured against theft, so that is not a risk.

However, there is a relatively high risk that Coinbase will go out out of business and you will lose your money. It's a start-up, and start-ups go bust all the time.

There is also a relatively high risk that someone will steal your password and drain your account. It happens frequently, and their insurance doesn't cover it.

neha

full member

Activity: 168

Merit: 100

Bitgo and Hive look like another good options. Very easy to use. Thanks for the suggestions.

BitcoinBadger

member

Activity: 111

Merit: 10

Quote from: neha on September 05, 2014, 01:46:07 AM

Hi Everyone. I was wondering about your thoughts on which wallet you think can be suggested to newbies that can ensure a high level of safety. Armory is already considered but I would like to know everyones thoughts about any other wallet services...offline or online? Thanks.

There is no 100% security on any wallet unless you keep your system safe from the buggers.Many available wallets like blockchain,bitcoin core ,multi bit are the one people use the most

HCLivess

legendary

Activity: 2114

Merit: 1090

=== NODE IS OK! ==

qt+password+zip+online backup

sandykho47

sr. member

Activity: 252

Merit: 251

Knowledge its everything

I think newbie should use online wallet because it's very easy to use
I recommended blockchain.info, hive, green address & bitgo

Or you can choose wallet here https://bitcoin.org/en/choose-your-wallet

Beliathon

hero member

Activity: 784

Merit: 1000

https://youtu.be/PZm8TTLR2NU

I'm fond of Hive Wallet, but bitcoin-qt is just fine for most. Coinbase is another option if you're from the USA.

I hear a lot of good things about Electrum and Armory but have never used either myself.

KK99

full member

Activity: 149

Merit: 100

I like Electrum easy-to-use style, as well as blockchain wallet. not good for heavy storage IMO but good for beginners.

blatchcorn

sr. member

Activity: 952

Merit: 281

I am going play devil's advocate and suggest Coinbase Cheesy

While you do not have control over the private keys, it really is very newbie-friendly. The chances of Coinbase turning out to be a scam is a lot lower than a newbie making some kind of mistake and losing their coins

BitCoinDream

legendary

Activity: 2394

Merit: 1216

The revolution will be digital

Quote from: neha on September 05, 2014, 01:46:07 AM

Hi Everyone. I was wondering about your thoughts on which wallet you think can be suggested to newbies that can ensure a high level of safety. Armory is already considered but I would like to know everyones thoughts about any other wallet services...offline or online? Thanks.

U might like to check this link for your answer => https://bitcointalksearch.org/topic/which-bitcoin-client-do-you-use-and-why-468095

Topic: Which Wallet should be suggested to a newbie? - page 4. (Read 4234 times)