Topic: Which wallet to use (Read 304 times)

Yes, Exodus is great to hold multiple ERC20 based tokens interface is quite nice and friendly. One thing though that I don't like is when I try to exchange one coins to another, you are going to lose a lot if you are going to use their exchange features, specially that they are using shapeshift.io if I'm not mistaken. For bitcoin, no questions that Electrum is the best wallet, though lately is has vulnerabilities, but as per Theymos sticky at the top of forum, it should be fix if you downloaded the last versions. Another best wallet for ERC20 based in MEW. But you need to be careful because theirs a lot of hackers scammers replicating it.

I prefer hardware wallets.They give more security.
My etherwallet is a good wallet for etherum

I find exodus great to use as wallet, because it's fast and UI looks great !! can recommend it for sure

A) If you plan on spending the BTC or transferring it around I would highly recommend Samourai Wallet for more reasons then one including RBF (replace by fee) and Smart miner fee features.
B) If you are going to straight HODL a ledger nano S or Trezor hardware wallet
C) Just a quick wallet that takes a bunch of altcoins, looks nice and is pretty secure... EXODUS

Your welcome

I can recommend you invest in Ripples. Its price is not high so you can try with it. But all depends about in what you want to invest and how long

I think electrum and exodus are best and lite wallets to use

I would recommend using a hardware wallet. My son and I are mining bitcoin and we use Keep Key wallets. Hardware wallets are safe and secure. I would stay away from online wallets completely as they can be hacked. Don't let people tell you they are hack proof because they are not. Anything can be hacked at any time, just takes someone with the time and skill.

I’m totally new to all of this but I thought you could save any coins in an alternative wallet but the exchanges has a ridiculously high withdrawal minimum, is that pretty much standard?
I’m on Mercatox for my sins

Sure, they have plenty of currencies, maybe too many. I wanted to change my DASH for STRATIS. They took my DASH but I never got the STRATIS.
Lost 1600 EUROS. Still waiting two weeks and no answer....

Hard wallet: Trezor, Ledger Nano S
Desktop: myetherwallet, Electrum (for BTC)

The best wallet for storing your tokens are blockchain.info for Bitcoin and myetherwallet for etherium and erc20 based tokens. If you are trader then it is best to store your tokens at the exchange like Poloniex or Bittrex because they are well know. You can also store your tokens at hardware wallet like ledger nano and trade with etherdelta.

Great to know that you have now a decision which wallet service you can use,
As a newbie in this group i dont know exactly what wallet service i can use even tho i already have in Blockchain. Info but I'm not sure about my security, and this thread is a great help, thank you!

Thanks for all the answers. I have learned a lot of useful information from this thread. I have decided which wallet to use, and that would not be possible without your help. So thanks again. Wish you guys all the best in the new year! 

I use Electrum for Bitcoin. Primarily because i have access to my private key whenever i want.
For ERC20 coins (Etherum included) i use MyEtherWallet (MEW)

Only if you're going to tell the OP to use an online wallet or an exchange... Real, secure, wallets (like desktop wallets, hardware wallet, paper wallets, airgapped wallets) don't care about your country. Bitcoin is decentralised. As long as you have a basic internet conntection to broadcast transactions, download blocks, query SPV nodes,... and a device, you're OK

@OP: like i said before, in this very post, i would seriously discourage the use of online wallets or exchanges to hold your funds... If you care about your privacy, there is no reason to tell us which country you're from...

Could you please tell us that from which country you are?
Cause wallet services differ from region to region...

if you want to hold bitcoins best option is hard wallet Trezor and ledger Nano S are good but if you have mind to do trading of other cryptocurencies then put your bitcoins in some well reputed exchange and enable the security authenticator.As per my mind you cant trust anyone in online earning so I would suggest you spread your capital in more than 1 wallets but if we talk about hard wallet that is the best option you owns your money.Alternatively myetherwallet is also a good choice if you have mind to buy etherium.

i'm not a real trader... Sure i do exchange some alt's from time to time, but it's not like i do this for a living... So i might not be the best person to suggest the "best" exchanges.
I wasn't aware that a lot of exchanges stopped registration... I do know i got some of my accounts blocked untill i provide identification information (but since i never keep any BTC stored on an exchange, i will not provide any information and just stop using those exchanges).

There might be a couple of reasons for them to stop accepting new members and kicking old members: stricter KYC regulations, the huge price swings, backlog in maintenance or tickets or just plain old greed (if they use a loophole to kick account holders, they *might* have found a semi-legal way to rob their own users)

If you don't want to get robbed, you must understand that when you keep your money on any online wallet or exchange, you're putting yourself at risk.
By chosing a licenced exchange, using unique passwords, enabling 2FA, keep on checking the websites certificates and never click any links in emails, you might minimise your risk... But even then, your risk is waaay higher than when you use an encrypted desktop wallet on a clean pc (with backups)... And if you switch to a hardware wallet, a paper wallet or an airgapped wallet, you can reduce the risk even further.

The main problem with exchanges and online wallets is the fact that you're not the only one in controll of your private keys. In many cases, you're not able to access the private keys at all. This means that if the exchange runs away, gets hacked, goes bancrupt: you lose everything.
Other than that, online wallets and exchanges are far more vulnerable to phising, hacking, brute forcing,... compared to other wallets.
So by storing your BTC online, you expose yourself to multiple risks that simply don't exist when you use a decent wallet.

So many useful information...  I am using some online exchangers to do the transactions, but I don't want to be robbed. Would you like to recommend some better exchangers?  And do you know why bittex, bitfinex, binance and other exchangers stop new user registration ?

Electroneum: AFAIK, electroneum is an altcoin... Do you mean, by any chance, electrum (like many other have already posted in this thread)

blockchainwallet.info: This domain is for sale... Do you mean the ONLINE wallet blockchain.info (sure, as far as online wallets go, this might be the best online wallet out there, but by default, an online wallet isn't the "best" wallet out there as far as i'm concerned)

myceleum: at least, this one actually IS a bitcoin wallet. However, it's a mobile phone wallet. I wouldn't put to much faith into a mobile wallet, since mobile phones are easily lost, stolen or broken

samurai wallet: this one is still in alpha phase, it looks nice, but i wouldn't use it to store a lot of funds.

The best wallet for BTC for new comers is "Electroneum" "blockchainwallet.info" "myceleum" for cold wallet you can try "samurai" I have not tried samurai though.

Coinomi is a multi-asset wallet that supports every cryptocurrency and token you can dream of.  Using ShapeShift, they allow easy exchanges between any of the supported assets from within the interface. No identity-linking, no IP or transaction tracking, and your IP is even filtered through their servers for added anonymity. Its easy to verify security with their open source ecosystem.

hmm... So your top bitcoin wallet is an online ether wallet... This is wrong on so many levels  


please don't hijack other people's tread to ask unrelated questions... If you have a question, try searching for the answer on an existing thread first, and if you don't find an existing thread: open a new one.

That being said: yobit is more or less legit... Their free coins faucet is usually giving away free crap coins that are worth close to nothing... But once in a while, they give away a coin that gets pumped after a couple of months, and you can actually walk away with some real coins.
Do be carefull when using yobit, they have a habit of lousy customer support, it's been years ago since i intensively used them, but back then it could take them months to answer a user's ticket, and it looks like their support hasn't improved lately. They also have a habit of taking a wallet down for maintenance and then just leave it down for a very long time...

Here is a great introduction to wallets https://bitcointalk.org/index.php?topic=1631151.0;all.  Use wallets for different purposes.  Online wallets for fast trading, software/desktop wallets are like your checking accounts, and hardware wallets are similar to your savings accounts. 

I've used Electrum in the past, never had any problems.
If you want your own hard wallet I suggest Trezor or Ledger Nano S

I have a question, I started using yobit, they give free coin by clicking on a button, its not a lot of coin but it is free. does anyone have experience using their exchange? They have coin I cant get from my other exchanges?

top bitcoin wallets
myetherwallet

If you like gamers take a look on enjin coin, they are creating their own wallet

Any wallet on Bitcoin.org (https://bitcoin.org/en/choose-your-wallet) which allows full control over funds will be suitable. If you are holding a large amount of coins and won't be accessing them regular then a paper wallet or a private key generated offline would be more suitable.

Wallets which allow full control over funds:
- Bitcoin core
- Bitcoin knots
- Armory
- mSIGNA
- Bither
- Electrum

Depending on your usage some of these wallets will be more suitable than others.

Good choice, core is a good wallet... Do make sure you have enough diskspace and have some time to sync the blocks... Also, make sure your PC is clean, make sure you use a strong password to lock your wallet, and make sure you take a decent backup (if you use core for a HD wallet, only one backup is needed AFTER you locked your wallet).


no security prevention can protect you against exhange hacks, exchange scams, bancrupcy, insolvency... And even with the necessary precautions, i've seen people falling victim to phising...



I would never recommand an online wallet... If you trade regularly, use a desktop wallet for reasonably small amounts or a hardware wallet for bigger amounts

Everything depends on the purpose, why you are purse and what kind of activity you will have.
1. If you bought a coin for a long time, then the best is a hard wallet.
2. If you plan to trade with a crypto currency, it's better to have an online wallet.
The harder purse is safer, there is no access to it when you are connected to the network.

hardware wallets are best imho. for trading you can keep your money on well known exchanges by taking security preventions.

I was thinking in doing some trading and holding. maybe one day if i join some signature campaign i could use it for that too. I have seen that forum have option for Bitcoin core. So you think it would be best if i use Core... Ok i will go and check it out, it sounds like good choice for anything. Thanks for fast answer.

Depends on your usecase...

Do you want to buy and HODL, i'd suggest a properly generated paper wallet or a hardware wallet

Do you want to buy a lot of BTC, but use them for day-to-day transactions, i'd suggest a hardware wallet like the ledger or trezor

Do you want to start using BTC, but won't invest a lot of fiat into crypto, you can go for a decent desktop wallet, like bitcoin core or electrum. Core is a bit safer (since you verify all blocks and transactions yourself), but it requires a lot of diskspace and sync time. Electrum is an SPV wallet, it requires very little hardware requirements and only takes a couple of seconds/minutes to sync.

Do you want to get robbed? Go for an online wallet or an exchange... In the longrun, that's your best option to lose everything.

Hello guys. I just joined this forum and i was wondering... Which walled is best? I was thinking to invest some money, probably into Bitcoin. Can you recommend me some, and tell me your opinion and why you think it is best choice?