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Other => Beginners & Help => Topic started by: neopharma on June 09, 2016, 11:21:38 AM



Title: Which wallet is the best?
Post by: neopharma on June 09, 2016, 11:21:38 AM
Hey guys!
I'm not completely new, but I still have much to learn.
What is, in your opinion, the best wallet to use?
I currently use mycelium for android and greenaddress for my desktop.
What do you guys use and why is it better in your opinion?


Title: Re: Which wallet is the best?
Post by: Slow death on June 09, 2016, 11:50:42 AM
blockchain.info in my opinion, because it is easy to use and has good security as 2FA


Title: Re: Which wallet is the best?
Post by: neopharma on June 09, 2016, 12:02:33 PM
Yes, 2fa is very nice to have!
does it also work on android? Does it do so well? Greenaddress also has 2fa, but it works very poorly on my phone; it's really slow.


Title: Re: Which wallet is the best?
Post by: Slow death on June 09, 2016, 12:07:59 PM
Yes, 2fa is very nice to have!
does it also work on android? Does it do so well? Greenaddress also has 2fa, but it works very poorly on my phone; it's really slow.

Yes it works well. They send SMS to your phone number with the code every time you try to log in.


Title: Re: Which wallet is the best?
Post by: merelcoin on June 09, 2016, 12:10:31 PM
I will never suggest an online wallet to anybody... They have a small learning curve, are usually easy to use and accessible from anywhere, BUT you're not the one holding your private keys...
This means that your keys are stored on somebody else's server. If his security isn't up-to-par, or he decides he doesn't like gambling (for example), he can just deny your service, keep your coins or keep your coins locked forever. He can be hacked and you'll lose everything.

I only trust wallets where the private key is in my hands, and isn't shared over the internet.

That being said, there are a number of good wallets out there
- bitcoin core (does take a long time to sync, and a big chunk of bandwith)
- electrum (also runs on windows, android, linux,)
- multibit HD
- ...


Title: Re: Which wallet is the best?
Post by: poptok1 on June 09, 2016, 12:20:14 PM
I will never suggest an online wallet to anybody... They have a small learning curve, are usually easy to use and accessible from anywhere, BUT you're not the one holding your private keys...
This means that your keys are stored on somebody else's server. If his security isn't up-to-par, or he decides he doesn't like gambling (for example), he can just deny your service, keep your coins or keep your coins locked forever. He can be hacked and you'll lose everything.

I only trust wallets where the private key is in my hands, and isn't shared over the internet.

That being said, there are a number of good wallets out there
- bitcoin core (does take a long time to sync, and a big chunk of bandwith)
- electrum (also runs on windows, android, linux,)
- multibit HD
- ...

100% right. Online wallet may give you a headache. There is plenty good wallets that with right
security configuration of your OS will give you security compared to hardware wallets, like trezor etc.
-Multibit wallet in classic version is a good option as well.
-Airbitz wallet for android, I'm using it, very sturdy app. also 2FA
http://www.hongkiat.com/blog/bitcoin-wallets/ use online wallet for small, faucet payouts and transfer
immediately to your offline storage. 


Title: Re: Which wallet is the best?
Post by: bitkilo on June 09, 2016, 12:21:13 PM
It's not always easy to advise someone on what the best wallet is because it really just comes down to personal preference, especially when talking about android wallets because they pretty much have just about the same features now.

Mycelium would have been my first suggestion but you're already using that.
If you want to try another then wallet32 used to be good but i haven't used it in a long time.
Blockchain.info still has a neat wallet.

You need to start by asking yourself, what do i want in a bitcoin wallet, write it all down then go searching for one that has all or as many features you listed, things like you may want a multisig wallet or one that has 2fa options.

On top of the normal wallet features i personally look for a wallet that allows message signing as not all do and also one that allows you to change the fee paid, 2fa is also a must for me.


Title: Re: Which wallet is the best?
Post by: neopharma on June 09, 2016, 12:26:20 PM
I will never suggest an online wallet to anybody... They have a small learning curve, are usually easy to use and accessible from anywhere, BUT you're not the one holding your private keys...
This means that your keys are stored on somebody else's server. If his security isn't up-to-par, or he decides he doesn't like gambling (for example), he can just deny your service, keep your coins or keep your coins locked forever. He can be hacked and you'll lose everything.

I only trust wallets where the private key is in my hands, and isn't shared over the internet.

That being said, there are a number of good wallets out there
- bitcoin core (does take a long time to sync, and a big chunk of bandwith)
- electrum (also runs on windows, android, linux,)
- multibit HD
- ...

this is a very informative post. I tried getting bitcore a while ago, but the time it took to sync was sooo long I decided to fuck it. Now, after reading what you have posted, I will let it do its job and keep the bulk of my coins there.


Title: Re: Which wallet is the best?
Post by: trissfc1998 on June 09, 2016, 12:29:34 PM
Hey guys!
I'm not completely new, but I still have much to learn.
What is, in your opinion, the best wallet to use?
I currently use mycelium for android and greenaddress for my desktop.
What do you guys use and why is it better in your opinion?
different coin using different wallet:)


Title: Re: Which wallet is the best?
Post by: neopharma on June 09, 2016, 12:36:20 PM
Hey guys!
I'm not completely new, but I still have much to learn.
What is, in your opinion, the best wallet to use?
I currently use mycelium for android and greenaddress for my desktop.
What do you guys use and why is it better in your opinion?
different coin using different wallet:)

I'm sorry, I meant wallet for Bitcoin. I don't use altcoins yet.


Title: Re: Which wallet is the best?
Post by: nyteo on June 09, 2016, 01:10:45 PM
BlockChain.Info or Coinbase.Com either of the two online bitcoin wallets site was okay

So far I'm using Coins.PH since it's easy to withdraw and deposited the btc from my country :D


Title: Re: Which wallet is the best?
Post by: achow101 on June 09, 2016, 01:17:18 PM
Of all of the wallets out there, online wallets are by far the LEAST SECURE. If you care about the security of your Bitcoin, then DO NOT USE ONLINE WALLETS.

There are several good choices for wallets. A good place to start is https://bitcoin.org/en/choose-your-wallet. All of the wallets listed here have been reviewed and analyzed by many other people and experts to be sure that these wallets are safe. Notice how blockchain.info is not listed.

My recommendations for wallets are Bitcoin Core and Armory for full node security or Electrum for a lightweight wallet. Full nodes are more secure but require the entire blockchain, lightweight wallets such as Electrum do not download the full blockchain but rely on a third party server to provide you transaction data. All of those three choices (Armory relies on Bitcoin Core) are very secure.


Title: Re: Which wallet is the best?
Post by: daniobg on June 09, 2016, 01:25:08 PM
I will not suggest an online wallet to anybody too - I know they have all sort of 2fa etc. but I don't trust them having my private keys... I am using Bitcoin Core at the moment and I think it's the right way to go - yes it takes a long time to sync and all, but once you download the blockchain, it's a piece of cake using it. If you can't "afford" Bitcoin Core due to the bandwidth, I can suggest you Electrum ;)


Title: Re: Which wallet is the best?
Post by: wintermeasures on June 09, 2016, 02:49:04 PM
Hey guys!
I'm not completely new, but I still have much to learn.
What is, in your opinion, the best wallet to use?
I currently use mycelium for android and greenaddress for my desktop.
What do you guys use and why is it better in your opinion?

I think no wallet is perfect, and certainly they have different strengths and weaknesses. But I myself use the wallet of blockchain.ino ranging from wallet pc, android, and online. Because I think blockchain already trusted and proven safety. Thank you


Title: Re: Which wallet is the best?
Post by: zeaderza on June 09, 2016, 04:56:47 PM
In my opinion a good wallet is a pc based wallet with full node.
A online online has security problems.For big amounts the best wallet is trezor or a hardware wallet.
For daily use you can use coinbase or blockchain app.


Title: Re: Which wallet is the best?
Post by: socks435 on June 09, 2016, 05:34:10 PM
For me the best wallet for me is electrum i use it for daily use.. and sometimes i use coinbase if i don't want to pay for a miners fee.


Title: Re: Which wallet is the best?
Post by: barnes13 on June 09, 2016, 09:51:37 PM
for me coinbase and blockchain.info, but i'm prefer to use coinbase and vip to exchange my btc to my country's currency


Title: Re: Which wallet is the best?
Post by: notlist3d on June 09, 2016, 10:45:19 PM
for me coinbase and blockchain.info, but i'm prefer to use coinbase and vip to exchange my btc to my country's currency

Coinbase and blockchain.info are both popular but there is a HUGE difference between the two for those reading.  With blockchain you can get your private key and make paper wallets, or even import into another wallet. So if site is down you still can access BTC.

Coinbase is very different and kinda in a league of it's own.  Only way you can access your BTC is through it's webwallet.  You cannot get private key so no importing it into another wallet.  But they hold a insurance policy for if site get's hacked.  So that could be huge  if they have a big breach.  But you are giving up control of wallet to them.


Title: Re: Which wallet is the best?
Post by: rio3233 on June 10, 2016, 12:12:20 AM
For online bitcoin wallet, blockchain.info still good though. I use it since the first time i know about bitcoin and so far blockchain is still the best for me.


Title: Re: Which wallet is the best?
Post by: Mvaporis1961 on June 10, 2016, 12:57:52 AM
I think blockchain.info wallet is one of the best wallet to use online because there are many features to make your wallet secure.


Title: Re: Which wallet is the best?
Post by: jacee on June 10, 2016, 01:00:12 AM
Hey guys!
I'm not completely new, but I still have much to learn.
What is, in your opinion, the best wallet to use?
I currently use mycelium for android and greenaddress for my desktop.
What do you guys use and why is it better in your opinion?
IMO, mycelium is best. I am using it togeter with some web based wallets. I also have blockchain and a local exchange wallet but I do not trust them as much so I still stick up to mycelium wallet. So far everything I need in a wallet is available in mycelium.


Title: Re: Which wallet is the best?
Post by: jak3 on June 10, 2016, 01:14:02 AM
i will suggest blockchain.info for an online wallet, for android mycelium wallet is best and for a heavy pc wallet there is bitcoin core wallet and for a light wallet i used electrum wallet or armory wallet but the safty is upto you that how safe can you keep your wallet from hackers


Title: Re: Which wallet is the best?
Post by: Herbert2020 on June 10, 2016, 05:04:41 AM
you can try them out to see which one you are more comfortable with, you can even install a virtual machine on your system using VirtualBox or a similar program to test them without changing anything in your main operating system. this is what i did to choose the one that i like and is easier for me to use

my suggestion is electrum.


Title: Re: Which wallet is the best?
Post by: mammusu on June 10, 2016, 06:37:11 AM
I think wallet is the best is blockchain.info for online wallet
and bitcoin core for offline wallet.


Title: Re: Which wallet is the best?
Post by: BitMaxz on June 10, 2016, 06:45:47 AM
I think wallet is the best is blockchain.info for online wallet
and bitcoin core for offline wallet.

I don't use blockchain or online i don't feel satisfied in that wallet because there's a possibility that online wallet can be hack easily if they get the data base of the site.. its better to use electrum for lite version bitcoin core also good but you need to download and sync the whole blocks..
I am using  online wallet only for daily use like coinbase because miners fee is free..


Title: Re: Which wallet is the best?
Post by: romero121 on June 10, 2016, 07:27:13 AM
I think blockchain.info wallet is one of the best wallet to use online because there are many features to make your wallet secure.

Exactly as mentioned Blockchain.info is the best of all in terms of security and access. It has got the best user interface, so that even beginners feel easier to use.


Title: Re: Which wallet is the best?
Post by: neopharma on June 10, 2016, 10:06:22 AM
Thank you for all the replys, guys, you are awesome. I think I will use core fot my desktop from now on; maybe even run a node. Is there a problem if I can only keep it up 16hours out of 24?


Title: Re: Which wallet is the best?
Post by: bitkilo on June 10, 2016, 10:58:56 AM
I think wallet is the best is blockchain.info for online wallet
and bitcoin core for offline wallet.

I don't use blockchain or online i don't feel satisfied in that wallet because there's a possibility that online wallet can be hack easily if they get the data base of the site.. its better to use electrum for lite version bitcoin core also good but you need to download and sync the whole blocks..
I am using  online wallet only for daily use like coinbase because miners fee is free..
Coinbase and wallets like them are ok and good for beginners but i wouldn't say they are better than online wallets, at least with an online wallet like blockchain.info you hold the private keys and that's what bitcoin really is , giving control of your own money back to you only (no 3rd parties)

But just like any online wallet never keep your bitcoins online ever!


Title: Re: Which wallet is the best?
Post by: its1me on June 10, 2016, 11:07:13 AM
bitcoin core only !


Title: Re: Which wallet is the best?
Post by: priyotosh on June 10, 2016, 01:28:20 PM
blockchain is good for security.


Title: Re: Which wallet is the best?
Post by: dfknka on June 11, 2016, 01:03:09 AM
blockchain is good for security.
I dont agree as I never used wallet online,just use bitcoin core.


Title: Re: Which wallet is the best?
Post by: hjkkda on June 11, 2016, 01:09:04 AM
blockchain is good for security.
I dont agree as I never used wallet online,just use bitcoin core.
BlockChain as I think blockchain already trusted and proven safety.


Title: Re: Which wallet is the best?
Post by: DFin2012 on June 11, 2016, 02:25:24 AM
blockchain is good for security.
I dont agree as I never used wallet online,just use bitcoin core.
BlockChain as I think blockchain already trusted and proven safety.
Hey guys!
I'm not completely new, but I still have much to learn.
What is, in your opinion, the best wallet to use?
I currently use mycelium for android and greenaddress for my desktop.
What do you guys use and why is it better in your opinion?
There are several digital wallets available, each one with specific features that allow the users to buy, sell, exchange and stock cryptocurrency. These wallets can be described as a mix between a bank account and an email address, but with so many out there it is definitely useful to do some research before choosing one.


Title: Re: Which wallet is the best?
Post by: kandizhu on June 11, 2016, 02:27:10 AM
blockchain is good for security.
I dont agree as I never used wallet online,just use bitcoin core.
BlockChain as I think blockchain already trusted and proven safety.
Hey guys!
I'm not completely new, but I still have much to learn.
What is, in your opinion, the best wallet to use?
I currently use mycelium for android and greenaddress for my desktop.
What do you guys use and why is it better in your opinion?
There are several digital wallets available, each one with specific features that allow the users to buy, sell, exchange and stock cryptocurrency. These wallets can be described as a mix between a bank account and an email address, but with so many out there it is definitely useful to do some research before choosing one.
Wondering:never front pocket back pocket only its comfortable at least it is for me and also you wont be a real man if you keep it in your front pocket. I have never had my wallet stolen either and none of my friends have either and they also say its comfortable.


Title: Re: Which wallet is the best?
Post by: maku on June 11, 2016, 02:44:27 AM

Coinbase and wallets like them are ok and good for beginners but i wouldn't say they are better than online wallets, at least with an online wallet like blockchain.info you hold the private keys and that's what bitcoin really is , giving control of your own money back to you only (no 3rd parties)

But just like any online wallet never keep your bitcoins online ever!
No, don't ever suggest Coinbase as good wallet option. Using Coinbase to buy bitcoins, fair enough, you can do it. But don't use it as a wallet.
Coinbase is monitoring all your transactions and will ban you if they notice that you are using BTC to gamble, it is stated in their ToS...


Title: Re: Which wallet is the best?
Post by: bitkilo on June 11, 2016, 02:49:19 AM

Coinbase and wallets like them are ok and good for beginners but i wouldn't say they are better than online wallets, at least with an online wallet like blockchain.info you hold the private keys and that's what bitcoin really is , giving control of your own money back to you only (no 3rd parties)

But just like any online wallet never keep your bitcoins online ever!
No, don't ever suggest Coinbase as good wallet option. Using Coinbase to buy bitcoins, fair enough, you can do it. But don't use it as a wallet.
Coinbase is monitoring all your transactions and will ban you if they notice that you are using BTC to gamble, it is stated in their ToS...
If you read the last line of my post you would see that i strongly recommend never storing btc online, since Coinbase is an online wallet provider i thought it was self explanatory but maybe not as much as i thought.

I use Coinjar where i am and its the same deal, buy my coins and move them offline straight away.

Just about all the wallets providers like Coinbase ect monitor your transactions and will ban/lock your account for gambling. They are legally abliged to do this because of KYC and AML laws.


Title: Re: Which wallet is the best?
Post by: pooya87 on June 11, 2016, 03:00:47 AM
a couple of things to remember:
* choose your wallet here : http://bitcoin.org/en/choose-your-wallet based on the platform you are running the wallet or planing on doing.
* always download the wallet from the original website (links can be found in above website) other than that you may end up having a virus as your wallet.
* click on the wallets and read why some lines are green and some are not.
* basically web wallets are the least safe wallets and offline wallets are the most secure.


Title: Re: Which wallet is the best?
Post by: LegendaryMembership on June 11, 2016, 09:10:28 AM
for me coinbase and xapo is best walllet with zero tranasction fee


Title: Re: Which wallet is the best?
Post by: bitkilo on June 11, 2016, 04:03:19 PM
for me coinbase and xapo is best walllet with zero tranasction fee
The transaction fees are a small price to pay so you have full control over your bitcoins.
You should not use those type of wallets for more than buying coins and sending the to an offline wallet that only you control the keys to.


Title: Re: Which wallet is the best?
Post by: universe_ on June 11, 2016, 05:01:43 PM
for me cold paper wallet is the best, money cant be stolen from it and you dont need any other services


Title: Re: Which wallet is the best?
Post by: vero on June 11, 2016, 11:04:41 PM
every bitcoin wallet was the best so i do not think any of them are the best but the best thing is how do you keep your dompet remain safe from hacker.


Title: Re: Which wallet is the best?
Post by: TorPharm on June 12, 2016, 12:17:45 AM
I like electrum, just ensure with any wallet you have secure backups.


Title: Re: Which wallet is the best?
Post by: Cyaren on June 12, 2016, 05:51:36 AM
for me coinbase and xapo is best walllet with zero tranasction fee

Well, yeah. Coinbase and Xapo both got zero transaction fee, but if you told me to choose between the two I would definitely choose coinbase over Xapo, because Coinbase doesn't need mobile authentication just for sending satoshis.

While Xapo does. Complete waste of time.


Title: Re: Which wallet is the best?
Post by: avw1982 on June 12, 2016, 06:15:08 AM
every bitcoin wallet was the best so i do not think any of them are the best but the best thing is how do you keep your dompet remain safe from hacker.

For that You should hide private keys from others. You should know apart online wallet many other secured wallets are there like Cold storage, Hardware wallet, Paper wallet and etc...
In better security concern choose Coldstorage or paper to avoid hacking from others.


Title: Re: Which wallet is the best?
Post by: Herbert2020 on June 12, 2016, 07:10:22 AM
for me coinbase and xapo is best walllet with zero tranasction fee

Well, yeah. Coinbase and Xapo both got zero transaction fee, but if you told me to choose between the two I would definitely choose coinbase over Xapo, because Coinbase doesn't need mobile authentication just for sending satoshis.

While Xapo does. Complete waste of time.

the mobile authentication is actually a good thing, it is like a secondary lock you put on your safe to keep your valuables more secure (an extra layer of security).

think of it this way, not being lazy now and taking an additional steps means reducing the chance of getting your accout hacked then losing your money and having nothing.


Title: Re: Which wallet is the best?
Post by: Sled on June 14, 2016, 06:44:03 AM
Try to use blockchain.info wallet because for me its more secured than other wallet (for me) and also it has a lot of security features to ensured that your wallet is not easy to hijack or to get hacked.


Title: Re: Which wallet is the best?
Post by: laura77 on June 14, 2016, 07:09:44 AM
I use blockchain.info I think it was the best. but maybe I have not tried other wallet so I do not know


Title: Re: Which wallet is the best?
Post by: Sharky444 on June 14, 2016, 10:43:49 AM
I recommend the standard Bitcoin wallet, as it gets bug fixes very quickly. Downloading the blockchain takes a very long time, but you can get the blockchain also as a torrent.


Title: Re: Which wallet is the best?
Post by: DoublerHunter on June 15, 2016, 08:08:25 AM
Try to use blockchain.info wallet because for me its more secured than other wallet (for me) and also it has a lot of security features to ensured that your wallet is not easy to hijack or to get hacked.

Yeah i also using blockchain.info wallet and i can say that it's worth it because of the many features.


Title: Re: Which wallet is the best?
Post by: Endikadija on June 15, 2016, 10:51:21 PM
blockchain.info is the oldest bitcoin wallet and it was the best one till 7-8 months ago when they had a problem with transactions and alot of people didnt got their btc,instead they tooked the half of the btv they have sended. Because of that a lot of people were disapointed and left the blockchain


Title: Re: Which wallet is the best?
Post by: notlist3d on June 15, 2016, 11:48:18 PM
blockchain.info is the oldest bitcoin wallet and it was the best one till 7-8 months ago when they had a problem with transactions and alot of people didnt got their btc,instead they tooked the half of the btv they have sended. Because of that a lot of people were disapointed and left the blockchain

Best is so subjective though as a wallet is kinda tailored to your needs.  A hotwallet with lot's of access cannot really be compared to say a paper wallet.  So we cannot say one is best for all applications.

I still think blockchain.info has the most users by all I have seen.  It is in no way meant to store lot's of BTC long term.  It is a hotwallet and should be treated as such but I think it is still most popular website hot wallet.


Title: Re: Which wallet is the best?
Post by: neopharma on June 22, 2016, 06:36:21 AM
thank you for all your replies and taking the time to write them.
I have tried out some of the ones you guys suggested and I have to say I really like electrum and I also downloaded bitcoin core and am running a node whenever I can. If you guys want to take some pressure off my electricity bills, all tips are welcome.

For my hotwallet, I will keep using mycelium, but I will use a paper wallet for storing large amounts. Thanks a lot for the info, it's been incredibly useful.
these links contain some very useful info:
  • http://www.coindesk.com/information/paper-wallet-tutorial/
    https://blockchain.info/wallet/paper-tutorial

For those too lazy to read the entire thing (I can relate), here it is broken down into easy steps:
  • To generate a new bitcoin address, open BitAddress.org in your browser (or LiteAddress.org for litecoin).
    BitAddress (but not LiteAddress) will ask you to create some randomness by either randomly typing characters into the form or moving your cursor around.
    You will be presented with your public and private keys and their respective QR codes. Do not scan these.
    Click the ‘Paper wallet’ tab.
    Select the number of addresses to generate.
    If you don’t wish to keep the bitcoin artwork, click the ‘Hide art?’ button.
    Click the ‘Generate’ button to create new wallets.
    Once the wallets are generated, click the ‘Print’ button to make a hard copy.
    Your browser will ask you to select the printer you wish to use. In the case of Google Chrome, you may also save the page as a PDF file.
    Make a note of the public addresses, or scan the public address QR code in your bitcoin (or litecoin) app and start depositing funds.

Hope this helps :D