Bitcoin Forum

Other => Beginners & Help => Topic started by: don giovanni on February 11, 2013, 08:01:28 AM



Title: Good resource covering all the different wallet options?
Post by: don giovanni on February 11, 2013, 08:01:28 AM
Can someone point me to a guide explaining all the different types of wallets that exist and the pro/cons of each?


Title: Re: Good resource covering all the different wallet options?
Post by: DannyHamilton on February 11, 2013, 08:58:36 AM
Can someone point me to a guide explaining all the different types of wallets that exist and the pro/cons of each?
I'm not sure about a good consolidated resource reviewing the feature sets of most of the well known wallets, but I'd certainly suggest that you take a look at the following at least:

  • http://electrum.org/
  • https://multibit.org/
  • http://bitcoin.org/
  • http://bitcoinarmory.com/
  • https://blockchain.info/wallet
  • http://instawallet.org
  • https://mtgox.com
  • https://coinbase.com
  • https://bitfloor.com
  • http://bitcoin.org/clients.html
  • https://en.bitcoin.it/wiki/Category:Clients

EDIT: As of 2013-04-17 BitFloor has ceased all operations.


Title: Re: Good resource covering all the different wallet options?
Post by: Stephen Gornick on February 11, 2013, 09:56:49 AM
Can someone point me to a guide explaining all the different types of wallets that exist and the pro/cons of each?

- Full client: The client downloads and manages the blockchain
Examples: Bitcoin-Qt, bitcoind,

- Simplified Payments Verification (SPV):
Examples: MultiBit, Bitcoin Wallet for Android

- Mobile client to a back-end server.
Examples: Bitcoin Spinner

- Mobile hybrid client with a back end, but the wallet is stored locally.
Examples: Blockchain for Android, iOS

- Hosted (shared) E-Wallet:  Users have accounts with the service.  All private keys are owned and stored by the service provider.  There is a high risk without two-factor authentication.   InstaWallet, EasyWallet, and BitcoinVideoPoker.com all offer "low security wallets" where simply knowing the URL is all that is needed to spend the funds.  Others require a username / password or other authentication credentials.
Examples: InstaWallet.org, Coinbase, Mt. Gox, etc. and even services that provide walleting for customer funds -- like bitZino.

- Hybrid E-Wallet: Only an encrypted form of the private keys are stored with the service.  The wallet is accessed from a local data store. 
Examples: Blockchain.info/wallet  and StrongCoin

- Physical wallet.  Private key travels with a physical object.
Example: Casascius physical bitcoins, BitAddress paper wallet.

Some more information on several of these:
 - http://bitcoinmagazine.com/bitcoin-wallet-options/


Title: Re: Good resource covering all the different wallet options?
Post by: don giovanni on February 12, 2013, 04:24:21 AM
Im looking for a client that

-can be configured to work strictly over tor,
-doesnt require to download the entire blockchain,
-has good security features for local wallets

can anyone reccommend?


Title: Re: Good resource covering all the different wallet options?
Post by: flatfly on February 12, 2013, 05:52:21 AM
I think Electrum is the only client that matches these criteria.


Title: Re: Good resource covering all the different wallet options?
Post by: don giovanni on February 12, 2013, 06:30:27 AM
Looks like it, ive been playing with your version, seems to work fine through tor with slush's hidden server.