Bitcoin Forum

What is a General thread?
This is one of the first of (probably) many general threads that will be created in this subsection. A General thread will contain relevant information related to the question/subject of the title thus duplicate threads related to it are not allowed. Posts within a general thread will be harshly moderated and anything remotely useless will be removed. These threads are supposed to be informational, and reposting similar information multiple times is not allowed. You are free to discuss information that has been posted, but keep it short and civil (more than 5 replies is too much). Questions about information provided in this thread are not allowed either.

What are General threads for?
General threads are meant to be used as an overview of useful information and to prevent unnecessary duplicate threads within the section. After 10 pages this thread will be closed and a "[General] Bitcoin Wallets - Part n+1" will be created, which will contain an updated list of good information. This process will constantly be repeated. The reason that this approach was chosen is to prevent long threads in which people don't find what they are looking for and to provide the most up-to-date information.

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Overview - Table of contents
Click the link to go to that part of the post

Types of Wallets (#post_types)
     Universal Wallets (#post_universal)
     Desktop Wallets (#post_dekstop)
     Mobile Wallets for Android (#post_mobilea)
     Mobile Wallets for iOS (#post_mobilei)
     Online Wallets (Web Wallets) (#post_online)
     Paper Wallets (#post_paper)
     Hardware Wallets (#post_hardware)
     Lightning Network (LN) Wallets (#post_lightning)
Not recommended and outdated Wallets (#post_outdated)
Best practice handling Bitcoins (#post_bp)
How to Store Bitcoins (#post_store)


Types of Wallets
There are many different ways to use Bitcoin and so there are many different types of wallets:

• Online bitcoin wallets. Wallets that can be accessed on the web from any internet connected device.
• Software wallets. Wallet applications downloaded to your phone, computer or tablet.
• Bitcoin hardware wallets. Physical devices designed to secure bitcoins.
• Paper wallets. Bitcoin private keys printed from an offline computer.

Here are some factors to consider when choosing a wallet:

• On the go? If you are making payments in person and not online then a mobile wallet like breadwallet (iOS) or Edge (Android) is a must.
• Frequency of payments: If you will need to make frequent payments then it will be best to keep your funds in wallet that is easy to use and accessible. Mobile wallets and desktop wallets are good options.
• Amount: If you are dealing with large amounts of bitcoins you will need a secure wallet. Hardware wallets and secure offline wallets like Armory are good options.
• Use combinations: Use a mobile wallet as your checking account, and a hardware or secure offline wallet as your savings account. Mix and match to find a combination that provides both security and accessibility.

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Universal Wallets
Universal wallets are wallets that are available for Android, iOS, Mac OS X, Windows, and Linux.

Jaxx Liberty (https://jaxx.io/)
While not designed as a wallet only for BTC, this wallet has support for many altcoins and has many useful features. Excepting an user-friendly UI, the wallet offers a built-in KYCless exchange, powered by ShapeShift. The users can exchange their coins directly from the wallet, without any registration process. Besides, the wallet offers also a real-time price of crypto market, similar to CoinMarketCap and includes also a News section where the users can read various news from crypto sector. Security wise: Jaxx is non-custodial wallet, the users are in control of their private keys and are offered a 12-words recovery phrase, stored locally. Furthermore, the users can lock the wallet's funds with a password.

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Desktop Wallets
Desktop wallets are software wallets that are downloaded and installed on your computer. The desktop wallets below are available on Mac OS X, Windows, and Linux.

Bitcoin Core (https://bitcoincore.org/en/download/)
Bitcoin Core is the “official” Bitcoin client and wallet, though isn’t used by many due to slow speeds and a lack of features. Bitcoin Core, however, is a full node, meaning it helps verify and transmit other Bitcoin transactions across the network and stores a copy of the entire blockchain. This offers better privacy since Core doesn’t have to rely on data from external servers or other peers on the network. Bitcoin Core routed through Tor (https://www.torproject.org/) is considered one of the best ways to use Bitcoin privately.

Wasabi (https://www.wasabiwallet.io/)
"Wasabi is an open-source, non-custodial, privacy-focused Bitcoin wallet for Desktop, that implements trustless coin shuffling with mathematically provable anonymity - Chaumian CoinJoin". This wallet uses Tor by default.

Armory (https://btcarmory.com/)
Armory is the most mature, secure and full featured Bitcoin wallet but it can be technologically intimidating for users. Whether you are an individual storing $1,000 or institution storing $1,000,000,000 this is one of the most secure options available. Users are in complete control all Bitcoin private keys and can setup a secure offline-signing process in Armory.

Electrum (https://electrum.org/#home)
Electrum may be the most popular desktop wallet, due to its speed and ease of use. Electrum can also be used as cold storage if you have an extra computer that can be used offline. Additonaly, Electrum offers other features like connecting through Tor, multisiganture wallets, integration with hardware wallets, and more.

Bitcoin Knots (https://bitcoinknots.org/)
Alternative to Bitcoin Core, "Bitcoin Knots is a derivative of Bitcoin Core (since 2011 December) with a collection of improvements backported from and sometimes maintained outside of the master git tree".

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Mobile Wallets for Android

Samourai (https://samouraiwallet.com/)
This wallet is very privacy-oriented and it also implemented many privacy features that were implemented by Amir Taaki inside his Dark Wallet. It is available for Android and it has implemented an own version of Chaumian CoinJoin. Additionally, it has built-in TOR support.

Bitcoin Wallet (https://play.google.com/store/apps/details?id=de.schildbach.wallet)
Bitcoin Wallet was the first Bitcoin wallet for Android. It’s simple, easy to backup, and connects directly to the Bitcoin network with SPV.

Edge (https://play.google.com/store/apps/details?id=co.edgesecure.app&hl=en)
Edge (formerly Airbitz) is another Bitcoin wallet that’s great for everyday use. Edge manages accounts with usernames and passwords, but doesn’t have access to your funds. This type of account creation is easier for less technical users who may have trouble backing up or understanding HD seeds. It is open-source.

BlockStream Green (https://play.google.com/store/apps/details?id=com.greenaddress.greenbits_android_wallet)
BlockStream Green is the native version of GreenAddress. It’s fast, simple, and supports hardware wallets Trezor One, Ledger Nano S, and Ledger Nano X.

Electrum (Android) (https://play.google.com/store/apps/details?id=org.electrum.electrum&hl=en)
Electrum is among the most popular wallets, due to its speed and ease of use. Electrum can also be used as cold storage if you have an extra computer that can be used offline. Additonaly, Electrum offers other features like connecting through Tor, multisiganture wallets, integration with hardware wallets, and more.

Unstoppable (Android) (https://play.google.com/store/apps/details?id=io.horizontalsystems.bankwallet)
It is easy to use, reliable, secure crypto wallet with focus on privacy. Truly decentralized, works directly with Bitcoin network. Open source, code is publicly available. One of few wallets verified by walletscrutiny.com to be exactly as published code on GitHub.

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Mobile Wallets for iOS

Breadwallet (https://itunes.apple.com/il/app/breadwallet-bitcoin-wallet/id885251393)
Breadwallet’s combination of simplicity and security has made it the most popular iOS wallet. iPhone users in search of their first Bitcoin wallet should findBreadwallet easy to understand.

BlockStream Green (https://apps.apple.com/app/id1402243590)
BlockStream Green is also available in the App Store.

Edge (https://apps.apple.com/us/app/edge-crypto-bitcoin-wallet/id1344400091)
Edge (formerly Airbitz) is also available in the App Store.

Unstoppable (iOS) (https://apps.apple.com/us/app/unstoppable-invest-in-crypto/id1447619907)
It is easy to use, reliable, secure crypto wallet with focus on privacy. Truly decentralized, works directly with Bitcoin network. Open source, code is publicly available. One of few wallets verified by walletscrutiny.com to be exactly as published code on GitHub. Available on App Store. User-friendly design, non-custodial secure storage, privacy oriented features.

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Online Bitcoin Wallets
Online Bitcoin wallets, or web wallets, store your private keys online. Wallets can only be accessed with a user-set password.

BitGo (https://www.bitgo.com/wallet)
BitGo is a high-security multi-sig wallet, which protects your bitcoin from theft and loss. You maintain full custody; BitGo cannot spend or freeze funds. BitGo wallets are easy to use and offer advanced security features such as spending limits and multi-user access

Coin.Space (https://coin.space/)
Coin.Space HD Wallet is a free online bitcoin wallet, which you can use to make worldwide payments for free. It makes paying with bitcoins easy and secure available anywhere on your phone or desktop.

Xapo (https://xapo.com/)
Xapo combines the convenience of an everyday Bitcoin wallet with the security of an insured deep cold storage vault. Xapo Debit Card links to your Xapo Wallet and allows you to spend bitcoins at millions of merchants all around the world.

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Paper Wallets
Paper wallets were the standard method of  cold storage (https://www.weusecoins.com/bitcoin-cold-storage-guide/) before hardware wallets were built. Paper wallets are private keys printed out on a piece of paper. If generated and printed with a secure, offline computer, paper wallets are secure cold storage.
The main problem with paper wallets is it can be inconvenient to create and print a new wallet each time you send funds to cold storage. However, it’s possible to bulk print paper wallets to save time and eliminate address reuse. Here's a cold storage guide which explains step-by-step  how to create a secure paper wallet (https://www.weusecoins.com/bitcoin-cold-storage-guide/).

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Hardware Wallets
Hardware wallets are small computers or smartcards built with the sole purpose of generating Bitcoin private keys offline. Hardware wallets securely sign transactions in the same offline environment.

Ledger Nano (https://www.ledgerwallet.com/products/1-ledger-nano)
The Ledger Nano is a smartcard based hardware wallet. Private keys are generated and signed offline in the smartcard’s secure environment. The Nano is setup using the Ledger Chrome Application. A random 24-word seed is generated upon setup and backed offline by writing it down on a piece of paper. In case of theft, damage or loss, the entire wallet can be recreated with the seed. A user selected PIN code is also assigned to the device to protect against physical theft or hacking. The Ledger Nano may be used on any computer, or Android phones with Mycelium or BlockStream Green.

Trezor (https://www.buytrezor.com/)
The TREZOR differs from the Ledger Nano in that it’s a very tiny computer rather than a smartcard. Private keys are still generated offline.
TREZOR also generates a 24-word seed upon setup. The TREZOR has its own built in screen where the seed is displayed and copied down during backup. Since the TREZOR is an offline device it offers extra security since the seed isn’t displayed on an online computer. An additional passphrase can be added to the 24-word seed. This provides extra protection, since anyone who finds someone else’s 24-word seed is free to access the funds. If the optional passphrase is added, an attacker still wouldn’t be able to access funds without both the seed AND the passphrase. If the passphrase is forgotten, it cannot be recovered.

OPENDIME (https://opendime.com/)
The first Bitcoin Bearer Bond or called a Bitcoin Stick. Opendime is a small USB stick that allows you to spend Bitcoin like a dollar bill. Pass it along multiple times. Connect to any USB to check balance. Unseal anytime to spend online. Trust no one. Acts like a read-only USB flash drive. Works with any computer, laptop, and phone. A QR Picture and Text file inside contain Bitcoin address and support. The private key is generated inside the device, and is never known to any human, not even you!

KeepKey (https://shapeshift.com/keepkey)
This hardware wallet is offered by ShapeShift, company which bought KeepKey in the past. It functions in a similar way compared to Nano and Trezor, but there are also some differences. Physically speaking, this is a very robust product. Twice as big as the Nano or Trezor, KeepKey's dimensions are 38 x 93.5 x 12.2 mm. The product is equipped with a large 256×64 3.12″ OLED screen, which is big enough for being able to display QR codes. However, due to its impressive size this wallet is not feasible to be carried out. It supports less cryptocurrencies compared to Nano / Trezor but as a plus it offers a built-in ShapeShift exchange, allowing the users to exchange their coins directly from the hardware wallet. Although KeepKey can be used on Windows, Linux and MacOS, on the official website (https://keepkey.myshopify.com/collections/frontpage/products/keepkey-the-simple-bitcoin-hardware-wallet) it is stated that it is "optimized for MacOS. Not recommended for Windows".

Cobo Vault (https://shop.cobo.com/products/cobo-vault)
This may be the safest wallet on the market as far as durability is concerned, being suitable for usage in extreme conditions. Literally speaking. The product meets the US military standard MIL-STD-810G regarding durability, temperature shock, salt/fog resistance, vibration, and high/low-temperatures usage and storage. It is also certified as IP68 water resistant and IK9 impact resistant. For improved security, the wallet is completely air-gapped and it works just in offline mode, as it has no connectivity (no USB / WiFi / 3G/4G / NFC / Bluetooth). Cobo Vault supports various cryptocurrencies and tokens and its enhanced security comes with an expensive price: it can be bought for 99$ / 149$ or 479$, depending on the chosen model.

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Lightning Network (LN) Wallets

Eclair Mobile (https://github.com/ACINQ/eclair-mobile)
Open-source, non-custodial wallet, available for Android. Eclair was coded in Scala by ACINQ and it is the first mobile Lightning Network wallet, this representing a huge advantage compared with its successors, at least in terms of usage. It can be used both as a regular Bitcoin wallet and as a Lightning Network wallet and it runs on mainnet.

Zap (https://zap.jackmallers.com/)
A powerful tool for Lightning Network which is still in Beta stage of development. The wallet is cross-platform, being available on Windows, MacOS, Linux, Android and iOS. It has open-source code and it is non-custodial, the users having control over their private keys. The users have the option to create multiple wallets and run LN transactions in privacy, on mainnet. Future developments will include connecting to Lightning nodes over Tor and running full nodes.

Spark (https://github.com/shesek/spark-wallet)
Open-source, non-custodial, cross-platform LN wallet, available for desktop (Windows, Linux, Mac), Android and iOS. The wallet runs on c-lightning, which is a Lightning Network implementation in C. Users will face a simple interface and a near-zero configuration, while having their privacy enhanced: Spark installs Tor automatically. Do not confuse Spark LN wallet with IOTA Spark wallet, as the one mentioned here is a Lightning Network software developed by Nadav Ivgy, while IOTA Spark is a low-security and temporary web wallet named also a “burner wallet”, developed by IOTA Labs. The wallets are totally different and serve different purposes / cryptocurrencies (IOTA is a known scam coin (https://bitcointalk.org/index.php?topic=5227016.0)).

General guidelines for LN wallets: except the three wallets listed above, be aware that several other LN wallets are available on Internet, including, but not limited to: LND Thin Wallet, Shango, Wallet of Satoshi, Breez, Blue Wallet, Bitcoin Lightning Wallet, Peach Wallet etc. However, we can only test and recommend so many. Use them only after performing a due diligence and also have in mind that not all of them are final products - some run on testnet and others on the mainnet.

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Not recommended or outdated Wallets
These wallets are either not-recommended for some reason or outdated. You should not use them! Please note that here we only list wallets that were previously on the list, or were suggested to be included by others. This does not include ALL wallets that exist and are not recommended. Wallets that are strongly not recommended:

• Copay, Bitpay, Blockchain.info, BTC.com — untrustworthy, misleading customers, high fees, lacking implementation.
• Mycelium — iOS app has been abandoned. Mycelium team was involved in various unethical scandals, e.g. raising money from ICOs, partying with the collected money and more (https://bitcointalk.org/index.php?topic=293472).
• Multibit — This wallet is discontinued: https://bitcointalk.org/index.php?topic=2293714.0.
• Coinbase, Freewallet — Custodial wallets. Freewallet has also many scam accusations against it.
• Ledger HW.1, Ledger Unplugged — Discontinued hardware wallets.
• Bitfi - John McAffee's "unhackable" hardware wallet, named also as “the world’s first unhackable device”. Besides McAffee's notorious lack of ethics and besides the admitted vulnerabilities of this product, McAffee offered in 2018 a 100.000$ bounty (raised afterwards to 250.000$) to anyone able to hack the hardware wallet. One week later, a 15 years old teen cracked the wallet and launched Doom on it, but he never received a dime from McAffee.
• Coinomi — Initially open source, then changed again to closed source. Had controversial situations in the past. More information can be found here (https://bitcointalk.org/index.php?topic=5244810.msg54343376#msg54343376.).
• Trust Wallet — Mislead users that it was open source (only iOS app was). Later both versions of the wallet became closed source. They have not provided a reasonable explanation for this. More information can be found here (https://bitcointalk.org/index.php?topic=5244810.msg54335278#msg54335278), and here (https://bitcointalk.org/index.php?topic=5244810.msg54346324#msg54346324.).
• Exodus — high fees (not customizable), security flaws, sync problems.

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Best Practices
Bitcoin lets you control your money, meaning you are responsible for both your money’s security and your financial privacy. Here are some steps you can take to ensure your privacy and security:

Control your private keys
Services like Coinbase and Circle offer “Bitcoin wallets”, but in reality control your private keys. It’s best to use a wallet where you control your private keys. This is the only way to have full control of your funds and not have to rely on third parties for security.

Protect your privacy
Each time you request blockchain data from a wallet, the server may be able to view your IP address and connect this to the address data requested. Each wallet handles data requests differently. If privacy is important to you, use a wallet that downloads the whole blockchain like Bitcoin Core or Armory. Tor can be used with other wallets to shield your IP address, but this doesn’t prevent a server from tying a group of addresses to one identity. For more information, check out the  Open Bitcoin Privacy Project (http://www.openbitcoinprivacyproject.org/) for wallet rankings based on privacy.

Don’t reuse addresses
Most Bitcoin wallets today automatically create a new address for each transaction. Since all Bitcoin transactions are public, address reuse makes it easy for others to group transactions and understand which payments are connected to one identity.

Use different wallets for different sums of money
Just like you don’t walk around with your savings account as cash, there are different Bitcoin wallets that should be used depending on how much money is being stored or transferred. Secure wallets like paper wallets or hardware wallets can be used as “savings” wallets, while mobile, web, and desktop wallets should be treated like your spending wallet.

Create multiple secure backups
Users should create multiple backups of their wallets. Backups should be kept in separate physical locations in the case of fire or water damage. Paper wallets can be laminated or written in metal for extra protection.

General guidelines
Web wallets, custodial wallets and wallets requiring KYC should be avoided. Wallets with a shady reputation or whose name doesn't tell you anything should also be avoided, at least until you do your due dilligence. Also, discontinued products should never be used. Additionally, be careful when using misleading services which make you believe you control crypto, but in fact you have CFDs (eToro, Revolut etc.).

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How to Store Bitcoins
Earlier it was mentioned that there are four types of Bitcoin wallets: online wallets, hardware wallets, software wallets, and paper wallets. These four categories can be broken down further into different kinds of storage and security:

Hot Wallets
Hot wallets refer to Bitcoin wallets used on internet connected devices like phones, computers, or tablets. Because hot wallets run on internet connected devices there is always a risk of theft. Think of hot wallets like your wallet today. You shouldn’t store any significant amount of bitcoins in a hot wallet, just as you would not walk around with your savings account as cash.
If only used with small amounts, hot wallets should be used for your everyday Bitcoin needs. One may, for example, want to keep $200 worth of bitcoins in a hot wallet for spending, with $10,000 locked away in cold storage.

Custodial Services
Although often called Bitcoin wallets, services like  Coinbase (https://www.coinbase.com/) and  Circle (https://www.circle.com/en) aren’t true Bitcoin wallets. Customers private keys are held by these third party services, meaning users don’t really have control of their money. As Bitcoiners often say: “if you don’t control the keys, you don’t control the coins”. Mt. Gox (https://en.wikipedia.org/wiki/Mt._Gox) is an extreme example, but one that illustrates the importance of holding private keys. Gox was the first and largest Bitcoin exchange up until 2013. Thousands of users stored more than 800,000 bitcoins in their Gox accounts.

At the time, one may have claimed to have 1,000 bitcoins in a Gox account. While true at the time, as soon as Mt. Gox claimed to have been victim of theft users with bitcoins in their accounts were left empty handed. Services like Coinbase and Circle may in fact use good security practices and there’s a chance your bitcoins are safe. But by storing bitcoins with a third party you are always taking on additional risk.

Cold Storage
Cold storage is achieved when Bitcoin private keys are created and stored offline. Private keys stored offline are more secure since there is no risk that a hacker or malware could steal your coins.
There are three ways to create cold storage: paper wallets, hardware wallets, and software wallets run on offline computers. Think of cold storage as your savings account. Use it to securely store bitcoins that you don’t plan to spend.

Multisignature Wallets
Multisignature wallets like Electrum (https://electrum.org/#home) make it easier to share control of bitcoins between multiple parties. If created offline, multisig can also make cold storage more secure.
Multisignature wallets require multiple parties to sign transactions in order for funds to be spend. In a 2-2 wallet, for example, both parties must sign a transaction. In a 2-3 multisig wallet, two of the three co-signers must sign each transaction.

Armory Multisig
Armory offers a Lockbox feature that requires any amount of up to seven co-signers to approve shared transactions. A Lockbox is created by one party who adds additional public keys as co-signers. This solution provides a mix of flexibility and security for personal use or organizations.
Armory’s fragmented backups is another useful feature. Instead of requiring multiple signatures for each transaction, fragmented backups require multiple signatures only for backups. A fragmented backup splits up your Armory backup into multiple pieces, which decreases the risk of physical theft of your wallet. Without a fragmented backup, discovery of your backup would allow for immediate theft. With fragmented backup, multiple backup locations would need to be compromised in order to obtain the full backup.
Here's a look at some everyday use cases for multisig:

2-2 Wallet
Two business partners work together at a startup. They create a 2-2 multisig wallet so that no funds can be spent without the permission of both founders. If one tries to create a transaction, the other partner will be required to sign off on the transaction before money can be moved.

2-3 Wallet
A 2-3 multisig wallet could be used to create secure offline storage with paper wallets or hardware wallets. Users should already backup their offline Bitcoin holdings in multiple locations, and multisig helps add another level of security. A user, for example, may keep a backup of a paper wallet in three separate physical locations. If any single location is compromised the user’s funds can be stolen. Multisignature wallets improve upon this by requiring instead any two of the three backups to spend funds--in the case of a 2-3 multisig wallet. The same setup can be created with any number of signatures. A 5-9 wallet would require any five of the nine signatures in order to spend funds.

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Disclaimer: All content provided herein is for general information only, and based on our opinion. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research before relying on this information. No information here constituted financial advice and we can't be held liable for any losses that occur due to malicious, dangerous, deceptive or other wallets.

Credits: A huge shoutout to WeUseCoins (https://www.weusecoins.com/) for making an extremely detailed list (https://www.weusecoins.com/en/find-the-best-bitcoin-wallet/) which was used during the creation of this thread.
Additionally a huge shoutout to everyone who privately or publicly contributed to this thread.

This is a way to verify the security of the Ledger Nano S. "For advanced hardware savvy users only"

https://support.ledgerwallet.com/hc/en-us/articles/115005321449-How-to-verify-the-security-integrity-of-my-Nano-S-

Edge just like most of the multicurrency wallets are very basic and don't have so many features. If your goal is to simply send and receive then sure, you can go with it.

Even though you're a newbie and you may not be interested in other features like adjustable fees, showing address path, signing messages, etc. I would still suggest looking at Mycelium.

I have been using imToken for quite a long time as a bitcoin wallet (supporting for SegWit and Legacy Address).

https://talkimg.com/images/2023/05/17/blob6a6d4be9a12286ad.jpeg  https://talkimg.com/images/2023/05/17/blob15daea9a4a8a39a5.jpeg  https://talkimg.com/images/2023/05/17/blob32b4caa5aab3dece.jpeg

[IMO] The application is simple and secure.

 https://token.im/img/app-store-badge-us-black.2ccf2b8b.svg (https://itunes.apple.com/us/app/imtoken2/id1384798940) https://token.im/img/google-play-badge-us.196f2f93.svg (https://play.google.com/store/apps/details?id=im.token.app)

For advanced security, you can combine with the imKey.
https://talkimg.com/images/2023/05/17/blob4744a45e7d39f6d5.png (https://imkey.im/?ref=imtokenweb&locale=en)
https://imkey.im/?ref=imtokenweb&locale=en

hi i am a newbie as u can see,excuse my question but are offline wallets advantageous?in term of security

They are. If you're willing to put some money into it, go with a hardware wallet like Ledger or Trezor otherwise, a paper wallet is fine but it's not that convenient for spending, it's mostly for long term storage.

Multi assets wallets like Jaxx, Exodus, Coinomi, Atomic wallet, etc. tend to be closed source and not transparent, I wouldn't suggest them.

So unless you're using a hardware wallet like Trezor or Ledger, for example, It's better to get a wallet for each coin (If they are ERC20 tokens, you should be fine with one wallet).

Here are some references if you want to use an offline wallet:
- How to Create and Use an Offline Bitcoin Wallet aka Cold Storage with Electrum (https://freedomnode.com/blog/73/how-to-create-and-use-an-offline-bitcoin-wallet-aka-cold-storage-with-electrum) - Mario Dian
- Using MEW Offline (Cold Storage) (https://kb.myetherwallet.com/posts/offline/using-mew-offline/)

I create an infographic about some idea to keep your wallet secure  8)

A VPN, transactions over Tor, and using mixers will only make you hard to track and find. If you're concerned about the safety of your funds that much, a hardware wallet is the best solution.

That's possible. The reason is that your tx might never enter the mempool because the network is busy and never get free. To put it simply, your transaction might never get processed at all because the average fees are always higher than your TX fees. So, you'll never be able to send your things with $1 when the average fees are $5, and that continues forever.

An anti-virus won't do much as viruses are getting more sophisticated. If you want to be safe, just stop visiting shady websites and downloading random files off the internet.

For backups, don't do put anything online/on the cloud. Store them in USB drives or piece of paper (seed words/ private key).

It seems like they are referring to online wallets and exchanges when suggesting 2FA. You shouldn't even use these services to start with, stick to wallets like Electrum instead.

Except for the heirs?
I think to protect the private key is better to use a hardware wallet. Hardware wallets are also more resistant to viruses, malware, etc.

I think for heirs a good option would be not to give them the private keys, but to tell them how to find.
Or maybe you could even split. 12 words to one, and 12 words to another. Or a passphrase with one, and the seed with another.

About hardware wallets... I can't understand how does anyone still hold more than 500 usd in any wallet that is not a hardware wallet.

You can use the "temporary" wallet provided by the exchanger to buy or sell bitcoin and trade it to real currency.
But after that, I recommend you save the bitcoin to the desktop/smartphone wallet or hardware wallet which the private key of the wallet is entirely yours.

That's only valid for Armory and Bitcoin core. You can use Electrum If you don't want to download the blockchain.

Yes, if the wallet you are referring to is a bitcoin core (https://bitcoin.org/en/bitcoin-core/).

https://talkimg.com/images/2023/05/17/blobdf205a65b77d6bfc.png   https://talkimg.com/images/2023/05/17/blob336b0ff5707eb341.png

I know this wallet because your post. If i read reviews of this wallet on Bittrust.org, some people says has error and scam. If you don't really know about this wallet, the best option to stay away except you want to make more research. If you are want to use mobile wallet, such ase Eidoo, coinomi, blockchain.com wallet. But, not recommended to use mobile wallet, the best way to save your crypto on offline wallet.

I haven't used them myself but since it's open-source and also listed on Bitcoin.org, it should be safe to use. There are better alternatives out there though.

Trezor (https://shop.trezor.io/)
Ledger (https://shop.ledger.com/products)
and many more ...

https://bitcoin.org/en/wallets/hardware/ (https://bitcoin.org/en/wallets/hardware/)
https://en.bitcoin.it/wiki/Hardware_wallet (https://en.bitcoin.it/wiki/Hardware_wallet)

Choose a hardware wallet that supports the coins you want to keep in your hardware wallet.

If you are holding less than 500$ and planning to spend on a regular basis: Electrum (PC) or Mycelium (Phone).

For bigger holdings, I suggest considering hardware wallets as they're more secure: Ledger or Trezor (30% discount on both devices because of Black Friday).

You can experiment by trying it all.
My advice, please note the following points:
- Choose a wallet that gives you full access to the private key/seed.
- Choose a wallet based on features, both in terms of security and other supporting features.
- Choose a wallet based on the number of users.

Localbitcoins is not a wallet, this service just for an exchange fiat/PayPal/digital wallet money to Bitcoin or vice versa. If you have Bitcoin/fiat on this service, withdraw it ASAP. I'am using this service once, the fees and price to sell is under major exchange (Binance, Bittrex, etc.), and when i want to buy, it's above exchange rates. IMO, it's not recommended to use this service.

If you're planning to use it as a personal wallet, don't. Use Electrum instead to have full control over your funds.

Aside from that, there is nothing wrong with the website (as an exchange platform). Just be careful while trading and make sure to check the trust history of the people you're dealing with.

As far as I know, https://localbitcoins.com/ belongs to the Over the Counter (OTC) cryptocurrency trading category.
Some points that may need your attention.

https://bitcointalk.org/index.php?topic=5124755.0

Is blockchain bitcoin wallet the most secured?

Do you mean https://www.blockchain.com (https://www.blockchain.info)?
Here is a suggestion from my senior (nullius (https://bitcointalk.org/index.php?action=profile;u=976210)) to me about blockchain.com (blockchain.info):

https://talkimg.com/images/2023/05/17/blobd8c0dda326fe3265.png

It's not. If you want to use Coinbase, use it only to trade and not as a personal wallet. The best solution would be a hardware wallet and if you can't afford that, use Electrum.

Do you mean Coinbase wallet (https://play.google.com/store/apps/details?id=org.toshi)?
https://play.google.com/store/apps/developer?id=Coinbase+Wallet (https://play.google.com/store/apps/developer?id=Coinbase+Wallet)

For the security of your wallet, you can adjust several settings in the settings menu.
In the Security section, backup the phrase (12 words) and don't share it with others.
Also, you can adjust the App Lock settings.

https://talkimg.com/images/2023/05/17/blob2b45a58b3539d661.jpeg  https://talkimg.com/images/2023/05/17/blobcb9268996ae5767b.jpeg  https://talkimg.com/images/2023/05/17/blobbf6bdf6bfbb54884.jpeg

What's the difference between buying BTC from a crypto wallet and from a crypto exchange? If we talk about small amounts of crypto on a regular basis

FYI, Crypto/bitcoin wallet is not for buying and selling bitcoin but a place to store your bitcoin assets. You can buy bitcoin on a bitcoin exchange or buy it directly to individuals.

There is a possibility to use Electrum wallet as a cold storage. You have to install one Electrum wallet on PC without Internet connection and second one on PC online. You create wallet on cold wallet then open it as watch only program on online PC. There you create transaction, transfer file with unsigned transaction on first (cold) wallet and sign it. Signed transaction you take on USB-flash and send to the Bitcoin network from unsecure wallet. It offers very good level of security almost like hardware wallet. I don't recomend you to use exchang wallets to store assets. For instance, there is an example with Poloniex exchange that stealed 1800 BTC from lending accounts in June 2019 to cover losses caused by their bad software.

Many wallets have exchanges integrated, he's probably asking regarding that.

When you try to buy crypto from a wallet, you will see which exchange is providing the exchange service.

You have both Coinomi and Exodus (Multi-platform) with a built-in exchange (ShapeShift/Changelly) but neither of them is open source so I wouldn't suggest them for storing large amounts.

Yes, I know even on imToken and some android wallets I often see an instant market for buying and selling coins.
Previously I just wanted to give a limitation that the bitcoin/altcoin wallet is for storing coins.
To buy and sell coins still use the exchange even though it is integrated with the wallet and is called an Instant Exchange.

https://talkimg.com/images/2023/05/17/blobb2463896b5b15020.jpeg  https://talkimg.com/images/2023/05/17/blob1b83f3745788c662.jpeg

Paypal or any similar platform generally does not allow any transactions related to cryptocurrencies. Even if you found one, there is a risk both on your Paypal account or your bitcoin. You can try with a debit/credit card to buy it on exchange and then store it on your wallet.

 Blockchain.info/Blockchain.com not longer offer the possibility to send to multiple outputs..!

They removed that feature a long time ago. You can either:

- Use Blockchain's API (https://www.blockchain.com/api/blockchain_wallet_api).
- Or (if you're not an advanced user), you can just go with Electrum (https://electrum.org/#home).

Bitcoin Core and Amory offer that feature as well, but you will have to download the whole blockchain.

Curious - what do people feel is a good amount of BTC where you'd want to have at least one hardware wallet to protect it? Do you feel safer with a Secure Element and would you be willing to invest more in storing your keys with an SE?

There is no right answer to your first question, it should be in % of your money. Storing everything at one device regardless of its security is not the best method. The Secure Element part is also not of vital importance, because it is not as secure as you think.

The most secure way to store bitcoin is offline in a hardware wallet or deep cold storage if you are not planning on touching it anytime soon. Anything touching the internet has a significantly larger attack surface because remote attacks are much less expensive to carry out than physical attacks. That being said, a mobile app is more secure than a desktop app because mobile phones come with lots of security features enabled by default that desktops don't have or require to manually enable.

If you're not ready for the jump to a hardware wallet, would still recommend you look into ways to generate your private keys from physical entropy rather than using the pseudorandom number generator (PRNG) from the Coinbase app -- not your keys, not your crypto. Type "using dice to generate keys" into Google and you can find some steps to get you there.

What is the best wallet for mobile phones?
I am between Electrum and Bitcoin Wallet. Is it safe to download them from Google Play?

Electrum in Google play (v3.3.7) is one-release outdated than the one in the official site: https://electrum.org/#download (https://electrum.org/#download).
You're going to miss the bugfixes and performance issues included in the latest release (v3.3.8) [release notes (https://github.com/spesmilo/electrum/blob/master/RELEASE-NOTES)].
So if you prefer Electrum over Bitcoin Wallet, download the latest version from the site instead.

I can't comment on the other option, I haven't used it.

Maybe you can check the following link:
https://bitcoin.org/en/wallets/mobile/?step=1&platform=android
https://bitcoin.org/en/wallets/mobile/?step=2&platform=ios

Some time ago, I also posted about imToken:
https://bitcointalk.org/index.php?topic=1631151.msg51071926#msg51071926

Yes, it's safe as long as you download it from the official link recommended by the developer.
But as nc50lc mentioned above, the Electrum on google play outdated, and this can be risky in the future if it's not updated.
You can also view or download several updated versions of Electrum that have released on the following link:
https://download.electrum.org/
And make sure you check the signature.

I'm not very experienced with bitcoin transactions, so I'm asking forum opinion about the following situation.

Is it ok for transaction to be pending for more than 2 hours? I'm sending funds from bitgo wallet to coinbase exchange with "high priority".
It cost about 25$ to send this transaction and it is still havent reached coinbase wallet (even though I see it in the list of deposits on coinbase).

I'm confused  ???

We currently have +48K unconfirmed transactions (https://jochen-hoenicke.de/queue/#0,24h), so yes, waiting for that long is normal.

As for the fee, I think you're referring to the 0.25% withdrawal fee (https://www.bitgo.com/resources/pricing) that Bitgo takes, and not to the network fees but, you can post your TXID here so we can give you a definitive answer.

Here you are https://www.blockchain.com/btc/tx/0b765c21dc024a804fc759c85a74b06c4b120c70a84a0068d200df58a8a2fd1c

Now I see that the status is unconfirmed. What is this and why the status changed from pending to this?

I dont have funds on bitgo wallet, neither I have then on coinbase... Nice...This is my second transaction and I'm already having issues... Ethereum transactions somehow were easier for me...

According to this[1][2], the recommended fee to pay is 60-68 sat/ byte while you paid 51 sat/byte and the reason it costed you that much (25$) is because your transaction has a lot of inputs.

Once your transaction gets confirmed (In a few hours probably), you will see it in your Coinbase account. You can also try and submit your transaction toViaBTC's accelerator[3].

[1] https://www.buybitcoinworldwide.com/fee-calculator/
[2] https://bitcoinfees.net/
[3] https://www.viabtc.com/tools/txaccelerator

1) It is expensive because your transaction it big. Two main conditions affect the payment of the fees: recommended current fee-rate (based on the conditions of the mempool) * the size of your transaction. Your transaction is 5140 bytes.
2) Status pending has nothing to do with Bitcoin. That status is part of your service provider (you are using custodial wallets).
3) Consolidate outputs when fees are low: https://bitcointalk.org/index.php?topic=2848987.0.
4) Stop using custodial wallets and start using wallets where you control your own keys (and fee-rate).

1) Faster block times.
2) Less security.
3) Less users.
4) See 2).

Transacting with Bitcoin is the same if you understand what you are doing.

---

I will likely wipe this thread clean one day. It has too many support questions.

TrustWallet Is Safe?

It is a widely-used ETH/token wallet, so it should be similarly safe as other alternatives. Albeit I would recommend storing these on a hardware wallet instead.

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More updates:

• Better overview of the Table of contents
• Minor changes in styling
• Added: Collection of Questions and Answers
• Major thread modernization and cleanup
• Added LN wallets
• Updated AirBitz to Edge and removed GreenAddress as Online wallet - Thanks OmegaStarScream

---

If somebody wants to write the descriptions for the LN wallets that I have recommended please PM or just post them here.

I don't think trustwallet is safe for future because here your private keys can be tracked.
If trustwallet database get hacked then your funds can be stolen.Better you can use myetherwallet which is the safest wallet for Ethereum based tokens.

Don't forget to double-check the MyEtherWallet site and its direct link.
On April 24, 2018, several MyEtherWallet DNS servers were hijacked https://twitter.com/myetherwallet/status/988787116015415296 (https://twitter.com/myetherwallet/status/988787116015415296).
Luckily I was suspicious at first because it looks a little different than usual, even though the site I visited was correct.

---

Better yet, if MyEtherWallet is connected to a hardware wallet.

Updated the list of wallets that are not recommended.

In Mobile wallets: Having stored bitcoin or other crypto coin on your mobile wallet app, want to know if changing of device do affect the wallet?  Like re_downloading the wallet app on a new device.

So long as you have backed up your Seed phrase, Mnemonic phrase or private keys somewhere or on a piece of paper. You can still be able to restore your addresses in a new mobile wallet in a new device.

What is most important is those backups. Make sure they are correctly backed up and very safely kept because you don't want anyone to access them. If they do, then they will be able to access your cryptos.

Bitcoin is stored in the Bitcoin Blockchain, and the Bitcoin wallet is a medium for being able to access bitcoin assets. When you have a seed or private key, then you can use it on a different bitcoin wallet, even on several devices at once. For this reason, highly recommended that you store the seed/private key in a safe place and not give it to anyone (who you don't trust) because this can cause your bitcoin assets to be easily stolen through other wallets from other devices.

For example, some time ago, I had tried to import private keys generated from Electrum (https://bitcointalk.org/index.php?topic=3664755.0) to Bitcoin Core (https://bitcointalk.org/index.php?topic=5196950.msg53770601#msg53770601).

Here is the Private key that I tested:

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You can access the wallet by importing its private key to the mobile wallet (Noncustodial) that you use.

Metamask is my personal favorite. Easy to use, great UI, navigation, ERC-20 compatible, it's just great

Lost in space here...
We are talking about BITCOIN wallets here boy, and you can't keep bitcoin on ethereum wallet.  :P

I used Exodus for a while, in fact, it was my first Bitcoin wallet. Maybe that's the reason I can't think of any major drawback of it. It has desktop version and integrates with Trezor, supports a wide assets range. There's probably one weak point which is storing user's private key on PC but you can just make a backup of it.

Has anyone experience with EOS wallets? As far as I understand, EOS is an open-source blockchain protocol (like Ethereum) but it's faster and cheaper. So, my question is: if I create a EOS wallet, will the difference in fees and speed be any noticeable comparing with Ethereum wallets?

As per the thread title. This thread discusses the Bitcoin wallet. Questions about other wallets such as EOS wallet as you asked above, please ask the following board:
https://bitcointalk.org/index.php?board=37.0

Complete newbie here sorry!

Whats the best wallet for privacy, do they require documents to verify?

Normally a FIAT bettor but looking to get into crypto for its privacy advantages.

Thanks!

Any non-custodial wallet won't ask for KYC. Those who ask for KYC are mostly exchanges. Start by reading the OP until you understand everything mentioned, and decide whether you want to run a node or node. If not, and you plan on using a PC, Electrum is usually a good wallet to start. On mobile you have Samourai. But as always, do your own research first, don't follow any suggestion blindly. Make sure to verify any files you downloaded from the internet to avoid malware.

Normally, crypto wallets don't make you complete any KYC. They may only ask you to do that when buying crypto from them. For instance, Ownr wallet requires KYC for purchases over $50.

What concerns privacy, Samourai has always been associated with this word, but I'm afraid it can be too complicated for a "complete newbie".
Check Atomic or Guarda.

Hi, can I ask how to create bitcon wallet? Which page is the most suitable for that? I'm currently taking lessons at Newscrypto education program. Thank you for help.

You can make it using the Electrum wallet or any other bitcoin wallet.
You can visit the following boards: Wallet software (https://bitcointalk.org/index.php?board=37.0)

For general guidelines on Electrum, you can read the following guide: https://electrum.readthedocs.io/en/latest/
Note: make sure to download it from the official website.

Haiiii, I'm sorry I just join this group. Thanks for the quality article that post in this forum. But I still have a question. That is many walet offering for the crypto. Maybe any sugestion for the good wallet. I have local wallet in here but just for several crypto. Thaks for the information before.

What are you looking for? A hardware wallet or a software? If it's only for bitcoin then Electrum is generally recommended for PC, while there are several options to choose for mobile phone. Visit https://bitcoin.org/en/choose-your-wallet, follow the process and you'll end up with a list of recommended wallets that you can use.

To my knowledge, transaction fees vary according to the current fee rates. The Cobo wallet can also connect to Electrum¹ and others² (BTC-Only).
When you send bitcoins, you can set the amount of the transaction fee in Electrum.


¹ https://support.cobo.com/hc/en-us/articles/360047902274-Sending-and-Receiving-Assets-with-Electrum-Wallet
² https://support.cobo.com/hc/en-us/sections/360007937714-Sending-Receiving

While this is true for bitcoins related transactions, I think he's more interested to find out about ETH wallet (since he ask about ETH fees).

You need to find out which wallet support integration with your HW, usually it's on the about page or something similar. It's a bit off-topic to continue here so you might want to check out the altcoin discussion.

Yes, therefore, I wrote above (BTC-Only). I show an example based on the official Cobo hardware wallet reference that the Cobo wallet can also be used on other software wallets outside the Cobo Android wallet platform.

I prefer paper wallet. All control under myself, but make sure in right way to create.

https://www.bitaddress.org/

the most legend one with github open source code to download.

A little advice when making paper wallets:
- Ensure the PC used is safe from malware, viruses, e.g., scanning it first with anti-malware/anti-virus.
- Cut off internet access when making a paper wallet.
- Delete browsing history after creating a paper wallet.
- If necessary, cover the paper wallet with protective plastic so that the paper and ink it uses is more durable (don't forget to make a copy for backup).

Maybe the following article can be used as a reference for paper wallet users, especially when you want to use it to spend a certain amount of BTC:
https://steemit.com/bitcoin/@michaelmatthews/warning-how-i-lost-bitcoins-using-a-paper-wallet. (https://steemit.com/bitcoin/@michaelmatthews/warning-how-i-lost-bitcoins-using-a-paper-wallet.)

well said, very helpful instruction. Thanks a lot!

Just keep in mind that eventually you'll have to use a client like Bitcoin Core or Electrum to make a transaction, unless you want to go through the hassle of signing a transaction etc. Paper wallet is generally used only to create a 'cold' wallet where you store your bitcoins for a long time.

Unfortunately, at this time, you can only use Cobo hardware wallet on some other wallet software that only supports BTC, e.g ., Electrum wallet, Wasabi wallet, BlueWallet, and Specter Wallet ^[1]. For other coins, it seems that you have to use the default software (Cobo Wallet).
Meanwhile, the Ledger ^[2] or Trezor ^[3] hardware wallet is supported more by other software wallets.

Reference:
^[1] https://support.cobo.com/hc/en-us/sections/360007937714-Sending-Receiving
^[2] https://support.ledger.com/hc/en-us/sections/360004992674-External-wallets
^[3] https://wiki.trezor.io/Apps:Electrum ; https://blog.trezor.io/trezor-integration-with-myetherwallet-3e217a652e08

That's not entirely true. Most wallet support fee management. If you buy a hardware wallet, try to connect it to Electrum for example, and you can set the fee manually, if your native HW app does not support it.

Those overestimation happens because they assume most people want their tx to get confirmed on the next block, which always need a higher fee than average.

On Cobo Wallet, see the fee transaction settings on the following link:
https://support.cobo.com/hc/en-us/articles/360007966514-How-to-set-transaction-fee

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Likewise, if you use a Ledger hardware wallet, in the Ledger Live software (the default ledger wallet software), you are given the option to set the amount of the transaction fee.

https://talkimg.com/images/2023/05/17/blob98704b8b5ccd0186.png

Based on my experience it's better if you will gonna use the BTC wallet that is based on your country or credited/approved by the crypto company that you will gonna use to trade BTC. some BTC trading website does not support all BTC online wallet. you may also ready the terms and condition of the website.

Do you mean the wallet provided by the exchanger? Can you give an example of an online bitcoin wallet that is not supported by the BTC trading website?

The wallet provided by the Bitcoin Exchange is a temporary wallet to store user assets for trading. The user cannot fully control the wallet. It is not purely a user's Bitcoin wallet.
Meanwhile, Bitcoin wallets such as Bitcoin Core, Electrum are not restricted in certain countries.

Those are not a wallet. It's just a deposit address.

Bitcoin wallet is not region-based software. If you found something like that, then pretty sure it's not a good wallet to use. Please check what a wallet/keychain is on the first post.

I need a web wallet that support alt coins must atleast include bitcoin cash and bitcoin gold? Need one for long term storage. No I'm not going to use a cold wallet, I have a very slow net. Sync cause alot of corruptions. Prefer one using a web browser without 2fa or if must, then accept sms or email for verification each time to login.

i would really appreciate the help if anyone can help me on this problem above.

It is less relevant if questions about web wallets, especially altcoin wallets, are asked in this thread.
For questions/discussions about web wallets, maybe next, you can discuss on the following board:
Web Wallets (https://bitcointalk.org/index.php?board=222.0)
I don't recommend that you store assets on a web wallet for long-term storage; it's better to use your wallet software.

I'm looking for some opinions on using Revolut as a crypto wallet, not an exchange. Is it easy to move ethereum and bitcoin cash? Are there transfer limits? Any guidance would be appreciated!

I think you can refer to their website for the limits and things like that. What I can say for sure is if you don't own your private key/seed, then assume it's not yours. I think you should think again about it. If I were you I'd use Electrum or Trust Wallet if I need multicurrency support.

Revolut is not a crypto wallet, do not let yourself be tricked into that! With Revolut you can send and receive money (fiat money), usually faster than using regular banks, but it certainly is not a crypto wallet. Similar with eToro, on Revolut you have CFDs (Contracts For Difference), not crypto. Which means that you have in possession the value if your crypto, not the cryptocurrency itself. You don't have a public key, nor a private key. It is not a crypto wallet.

What you should know first is the definition of an exchange and a cryptocurrency wallet. If I see, Revolut is an exchanger, not a cryptocurrency wallet.

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Please see the Revolut platform terms regarding the following cryptocurrency transferring:

I personally use Schildbach Bitcoin Wallet, it has been a flawless experience.
 ;D

I have recently created EOS wallets both in Wombat and Ownr. How come that first one charges zero fee, while the latter $25?

I mean, I don't mind paying. On the contrary, I feel safer when I do, because when it's free, you become suspicious that it's some kind of a trick or something...

FYI, the topic in this thread is specifically for Bitcoin wallets. For a discussion of multi-coin/altcoin compatible wallets, please refer to the following boards: Altcoin Discussion (https://bitcointalk.org/index.php?board=67.0) or Wallet software (https://bitcointalk.org/index.php?board=37.0)

Some centralized wallets usually offer discount or promotions to get new users, or they use the "free of fees" but then included "network fees are paid by users". Some Bitcoin wallet providers will do the same thing.

Anyway, if the wallet is non-custodial, you'll always need to pay some fees since you manage the wallet on your own. Be careful if you see a promotion like that.

My favorite wallets for Bitcoin are Ownr and Samourai.

I'd not put a closed source wallet as my favorites. Maybe for a small amount of money only, but I'd not use it as my main wallet. I hope you do the same.

I have 2 questions: I am confused about this all "offline and hardware wallet thing"

the ledger company making the wallet know all the key phrase of a wallet. so how come a ledger wallet is 100% safe?

and

we have to connect every wallet to internet to use it (to send bitcoins) so I am confused about this offline wallet thing. how can we use a wallet offline? and how can we generate a wallets key if it is not online and connected to the blockchain?

What? Which ledger are we talking about? Ledger that makes Nano S and so on? From where did you read that they know the key phrase generated by its users? If that's true don't you think no one would buy their wallets?

You don't have to be online to create a new wallet (where did you learn this?). You don't need to be online to sign a transaction either. Maybe you can read this for additional info https://bitcointalk.org/index.php?topic=5190202.0.

I am talking about the seed phrase. that 26 (25 or 27) words code which is included in the packing of ledger nano wallet. which can be used to recover our wallets. company prints those seeds. so they can steal everyone wallets.

my 2nd question was. how can we send Bitcoin if we are offline and not connected to the blockchain? how? I am using electrum and it doesn't work when we are not connected to internet.
so there is no such thing as offline wallet.

If you find that the PIN and seed phrase already exists in the Ledger Nano package that you purchased, likely, your Ledger is not safe to use.
A new PIN and seed are generated when you first set up the Ledger on the device connected to it (PC/smartphone).

A recovery phrase is needed if one day the hardware wallet device is damaged, lost, etc. so you can return your assets to the new Ledger. Therefore, don't tell the recovery phrase to other people you don't trust, including those who claim to be from the Ledger.

---

Maybe you need to learn what is meant of the Offline Wallet and also how it works.

Another reference:
https://medium.com/@Multicripto/how-to-make-offline-transactions-in-electrum-with-coldcard-wallet-838f84df379a

As mentioned above, no company did that. Check out the official guide, no company gives you a pre-generated seed for a wallet. Users will need to generate their own seed on their initial wallet set up. If anything, the company included some paper where you can easily write down your seed, but no more than that. You probably buy from a scammer if that's the case.

I use Blockchain as my main wallet and Binance to trade. I try not to keep too much in binance

You might want to change your main wallet to something safer. As mentioned on the OP and multiple times on other threads, a web-based wallet should not be your main wallet. And Binance is just an exchange, not a wallet.

Looking for a little help on my first Bitcoin mobile wallet and hardware wallet.

For Android mobile wallets I've read through Mastering Bitcoin and I saw Mycelium being used in the examples, also a number of sites suggested it as best Android wallet, but the OP suggests it's not to be trusted. Another I've seen is the Electrum mobile wallet, which seems suggested in the OP (and subsequent) but on the Google store it's reviews aren't as favourable. At the moment I want to focus on Bitcoin, but I like the idea of looking at alt coins in the future. Reading through this post I've seen lots of people saying they use X (most of which I've not heard of). I'm all for choosing the one that suits your needs, so wondered if there is another source to go to for a more up to date view on the mobile wallets out there and how well they are received by those more in the know?

Regarding hardware wallets, I feel it's down to the Trezor and the Ledger, but which one and which variant. My gut tells me I can't afford the Model T, and whilst the Nano X is only £100 it's still very expensive whilst I'm dabbling my feet in crypto. So is there a good comparison source for the One and Nano S that is trusted? I'd be interested to know if those respected on this board have suggestions or a source that gives a good impartial comparison?

Many thanks.

Other references you can consider:
https://bitcoin.org/en/choose-your-wallet?step=1#wizardMobileTitle

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Both have pros and cons.

Another comparison:
https://bitcoin.org/en/choose-your-wallet?step=5&platform=hardware&user=experienced&important=&features=hardware_wallet

If in the future you intend to store coins other than Bitcoin, check whether both hardware wallets support the crypto assets.
https://trezor.io/coins/ ; https://www.ledger.com/supported-crypto-assets

IMO the Nano X is only worth it if you plan to hold multiple coins and need to move around a lot, which means flexibility is really important for you. If that's not the case, and you only plan to hold Bitcoin and some alts, Nano S is still reliable. I'm using it since 2017 and so far it's great.

If you're willing to put some money into it, go with a hardware wallet like Ledger  a paper wallet is fine but it's not that convenient for spending, it's mostly for long term storage.

You can use trust Wallet for bitcoin

I'd not recommend it as your main wallet. Trust Wallet is closed source, and it's not ideal to use a mobile wallet as your cold-storage (unless you don't use it at all). Not to mention you won't be able to create/sign offline transactions with it (CMIIW).

I think paper wallets are also not suitable for storing bitcoin for a long time, especially if the media or printing equipment lacks low quality. Not to mention other security issues: https://en.bitcoin.it/wiki/Paper_wallet#cite_note-1

There is many bitcoin wallets in market you can tack Anything but After use you need to understand this wallet, you can see videos About this wallet.

Same wallets According to mee is trust wallet for sample use. Because it's safe and have a support of binance.

The Trust wallet is not suitable as the main wallet. Even if you still want to use it, I suggest not keeping all your assets there, especially in large amounts. Please see the following references so you can reconsider if you wish to use a Trust wallet:

What exactly is "this wallet" you're talking about here? I feel like you're referring to something else other than Trust Wallet. Anyway if it's more or less the same wallet as Trust Wallet, the closed source downside still applies and you should not use it as your main wallet imo.

You already post something up above, there is no need to add a new post and not responding to the replies dedicated to your post. Especially if your point is the same thing with little to no added value. I suggest you stop doing this and learn about the forum rules before you post.

What's a compatible desktop wallet for a Chromebook? I don't think I can download bitcoin core. If i go get another computer and want it to be my offline wallet storing computer, do I just download whichever desktop wallet I'm going to use and then disconnect it from the internet and not use that computer for anything else other than sending and receiving coins? I got into researching bitcoin in 2015/2016 and invested some capital in 2018 and now I'm interested in learning more about cryptocurrencies again so I will have lots of questions to post and threads to read through and appreciate any support. Thanks.

Maybe you can use Android-based bitcoin wallets to install on Chromebook (https://support.google.com/chromebook/answer/7021273).
Some of the wallet recommendations you might consider can be seen here:
https://bitcoin.org/en/choose-your-wallet?step=5&platform=android&user=experienced&important=&features=bech32,segwit.

I tend to advise you to use a hardware wallet.

By the way, I found the following discussion about Bitcoin Core running on a Chromebooks:
Chromebooks can run Bitcoin Core natively now >:D (https://www.reddit.com/r/Bitcoin/comments/9uabl6/chromebooks_can_run_bitcoin_core_natively_now_d/?utm_source=share&utm_medium=web2x&context=3)

If you were to store bitcoin and not use it, then I would've recommended a paper wallet, it's a way cheaper option. But since you're planning to spend from it on a regular basis, then as suggested better it would be better (security wise) to get a hardware wallet instead.

If you're not storing much though, then I don't see any harm in using a (non-custodial) extension/web wallet. See Guarda[1] and Magnumwallet[2].

[1] https://guarda.com/chrome-extension/
[2] https://magnumwallet.co/

A paper wallet is also useful to protect your money from yourself if you want long-term hodling.
It's much harder to spend or gamble money recklessly if it isn't easily available to you. :)

Just remember to store it securely. It would be a sad story if you lose your hard-earned coins because the seed is stored somewhere prone to water, fire, etc.

You might want to check Shamir Secret sharing if you're interested in splitting your seeds into multiple parts to increase the "security".

Yeah, I'll do that.
In addition, from this topic (https://bitcointalk.org/index.php?topic=5315245.0) I learned about the BIP39 passphrase, so I have to look into that as well.

Only for beginners..


I personally use trust wallet from 3 years and I not face any problems in trust wallet..

And Also you know trust wallet is backed by BINANCE exchange..

Therefore it's safe to store your All crypto...


😊

The safety of your funds has very little to do with the people behind the wallet. It's the security of the device (phone) you're using to store your money that you should be worried about.

You'd better refrain from offering bad advice in the future...


That's not a reason for trusting it. No house is broken by burglars until it is broken by burglars for the first time.


That should be your very first reason for not trusting a wallet: its connection to a centralized exchange. But, in order to understand why crypto should never be associated with centralized exchanges and banks, you should learn the crypto-anarchic and libertarian ideology which led to the creation of Bitcoin, encrypted communications si privacy at large. Maybe this thread will help you: 12 years later and people still don't know to use Bitcoin nor what it's good for (https://bitcointalk.org/index.php?topic=5310500.0).

The second reason for not trusting / using Trust wallet is that it has closed source code. Meaning nobody can verify its code and only the developers know what's inside it. With other words, you'll have to trust the developers. And trust in any third party is what Satoshi eliminated when he created Bitcoin.


Using the services of a third party and offering your trust to that entity only ruins Satoshi's work. And can make you huge prejudices.

Can you help me. I am a newbie, I went to the Electrum site to download their Wallet software.

At the top of the home page it has a message that says "Warning: Electrum versions older than 3.3.4 are susceptible to phishing. Do not download Electrum from another source than electrum.org, and learn to verify GPG signatures."

The current version is 4.0.9. Is the above statement on their site correct ? if so why would I want to download a version older than 3.3.4 ?

Any help to clarify would be most helpful.

That's just a warning in case you were using an older version. It's still advisable to verify the installer each time a new version is released though.

Here's a step by step guide on how to do that: https://bitcoinelectrum.com/how-to-verify-your-electrum-download/

I have seen that Bitcoin.org is using the API of Blockchain.com for its donation button. [thinking]
https://i.imgur.com/8SjxVHs.png

They're using the ticker API to retrieve the prices in USD and not to accept payments, If you check the address, you'll see that it's always the same one.

But even if they did use the API to receive payments, that wouldn't make them any better and OP's statement would remain valid.

If you pay attention to the Bitcoin address listed on https://bitcoin.org, it is a Segwit address (P2SH); As far as I know, currently, blockchain.com (previously blockchain.info) only supports legacy (P2PKH) receiving addresses.
--Does the blockchain.com web-wallet support spend-to-segwit and/or spend-to-bech32-- (https://www.reddit.com/r/Bitcoin/comments/euxwu0/does_the_blockchaincom_webwallet_support/ffwgbbh?utm_source=share&utm_medium=web2x&context=3)

As OmegaStarScream (https://bitcointalk.org/index.php?topic=1631151.msg56482745#msg56482745) mentioned, they only use it to retrieve the Bitcoin price in USD.

There really isn't any basic differences, generally speaking an exchange wallet is the custodial wallet that is created and controlled by the centralized exchanges and user has no control over the keys in that wallet. Exchanges can offer a wide range of cryptocurrencies and their "wallets" can create an address for bitcoin or any altcoin they support.

I'd rather call them a deposit address instead of a wallet since you don't have any control like pooya mentioned above. You should never assume storing your crypto on an exchange is safe regardless of whether the exchange is trusted or not. Those addresses should be used for deposit/withdrawal purposes when you want to trade. If you don't have any reason to use your exchange then you should withdraw all of your assets to your personal crypto wallet.

I just want to put my bitcoin back into my bank account. How do I do that? I thought I was going to be trading then life got hectic and I just want my money back.

Depending on where you are from, sign up in one of the following exchanges:

U.S or UK: Coinbase, Gemini or Kraken
EU: BitPanda, bitonic.nl or also Coinbase.

Look for the "sell" page and follow the steps. Usually, it's pretty simple, after verifying your identity, you just have to send the bitcoin to the exchange's address and once the transaction gets confirmed, they'll issue the bank transfer.

Hey,

I was wondering, does anyone have any experience with the "bitcoin.com" wallet on Android? I've not seen it mentioned in this thread, so I was wondering if I should switch to a different wallet.

My wife and I bought our first BTC just over a week ago; our hope is to use BTC to help us save for a house and retirement (if that helps with any recommendations)

Thanks :-)

You shouldn't use that wallet, nor any other service provided by bitcoin.com.

Since you bought a whole bitcoin (which is currently worth ~48k$) and you're planning to save it for the long term, it would be a good idea to invest a bit more and buy a hardware wallet like Trezor or Ledger. It doesn't cost that much, and you'll sleep better at night knowing that your funds are totally safe.

Hey,

I should clarify, we didn't buy a whole bitcoin, we've only dipped our toes in so far, so to speak. We actually bought some satoshis last Thursday, just before the price dropped, so we're gonna hang on to those. If the price goes much lower then I'm thinking we should buy up more.

So should we transfer our satoshis from bitcoin.com into a different software wallet and look into getting a hardware wallet for when we do invest more? Do we have to pay fees to transfer from one wallet to another?

Although the wallet from the Bitcoin.com client is noncustodial (https://news.bitcoin.com/the-difference-between-custodial-and-noncustodial-cryptocurrency-services/), long-term storage of cryptcurrency assets is better to use hardware wallet.
The Tears Test: Mobile Cryptocurrency Wallets vs Hardware Wallets (https://www.youtube.com/watch?v=lx6PRNEUu6Q) ; Mobile Wallets vs. Hardware Wallets (https://www.reddit.com/r/NeutralCryptoTalk/comments/7vqw26/mobile_wallets_vs_hardware_wallets/).

Yes, when you transfer from one wallet to another, it will charge a transfer fee.

Hardware wallet is quite cheap as mentioned above, you can get them from as low as $75 (maybe lower, depending on where you live). I think buying a hardware wallet is a good choice regardless of how much you own crypto, especially if you plan on storing it for the long term, instead of moving your funds from one wallet to another and waste fees.

If you have a rather large amount that you want to keep safe, a hardware wallet may be a good choice for you, since you can feel confident your funds will be secure with the hardware wallet. Although there are wallet options that have no need of hardware, they do not provide the full security benefits of a hardware wallet.
However, not all hardware wallets are created equal, so you need to do your homework to choose the right one for you. There are several excellent choices that I have found in this arena, with very high-quality hardware wallets like the Ledger Nano or the Trezor being particularly sought-after.
 
Yes, all users have to pay fees in order to transfer funds from one wallet to another. These fees depend on the network conditions, the client software and the exchange rate.

For a good software wallet, I'd go with Mycelium if you have an android.

Not sure how much satoshis did you buy, but if the amount you bought is too small, and you're planning to keep on buying very small amounts on a regular basis (assuming that there are services that allow that to start with) then I suggest to not do that, this might result in large transfer fees when you end up moving the funds from your personal wallet to anywhere else because and as said above, you'll have to pay transaction fees each time you want to move the funds around, and these fees are based on the amount of inputs/outputs and the network's congestion.

Thanks for the replies :-)

So I went ahead and ordered a Ledger Nano S, it arrived today so I've been trying to transfer from my bitcoin.com wallet.

I get a message saying my wallet address isn't valid. I hit up support on bitcoin.com; turns out they can't send to wallets with an address that begins with a "b"? So I have to send my funds via a wallet that can send to "b" wallets?

*feels old and confused*

You can create a new wallet that starts with 1 or 3 with Electrum (connected to your ledger). Take a look at some guides on how to create/manage segwit/legacy addresses using Electrum+Ledger Nano s or Ledger Live, such as https://bitcointalk.org/index.php?topic=5218214.0. Take your time to learn, happy reading. CMIIW.

Thanks, I think I figured it out using Blockstream Green.

Electrum's latest version creates SegWit wallet by default. The only way to create a legacy address would be to use the command-line tool and I'm not sure if that's possible when connecting to a hardware wallet.


In case you haven't or you faced any issue, please feel free to ask. We're here to help.

I need help please anyone can help me?

There are many different types of wallets, so choosing the right wallet depends on the preferences of the users, and the type of different transactions they want to perform, you can choose the most popular wallets such as blockchain, payeer, trust and other popular wallets.

Regarding the Cobo Vault stated in the original thread, I would like to call for attention for a small "discussion" started by dkbit and latter followed by myself - [ANN] Cobo Vault Second-Generation Launch - QR Code Air-Gapped Hardware Wallets (https://bitcointalk.org/index.php?topic=5244214.msg57135727#msg57135727). Short version - Cobo Vault (or at least the team behind the hardware wallet) parted ways with the Cobo company and have now started their own hardware wallet - Keystone. This basically is a Cobo Vault but rebranded - the team and CEO behind the device are the same. The announcement from the CEO is quite recent (almost a week old) and we still don't know much, but this new direction was made to give more attention and allocate more resources into the hardware device, so I guess it's not bad?

@Lauda, if possible, whenever you can could you please change the reference to Cobo Vault in the original thread?

about 2 weeks ago I send a mall amount of btc  to an exchange and still have not recieved into exchange balance, the btc shows up on the sending wallet a conflicted transaction? will this resolve in time and the blockchain will reject and send back to sent wallet or is it lost forever?

Thank you for any help

This is not the right place to discuss the issue as it may get lost in the remaining discussion (basically bitcoin wallets and such). I would advise you to create a thread at the original sub forum (https://bitcointalk.org/index.php?board=39.0) if you intend to provide more details about your issue (such as which exchange you've used, your transaction ID, where did you sent it from)...

Which wallet and exchange were you using for this operation? I doubt the transaction hasn't confirmed yet with the current mempool state. Can you post the ID of the transaction?

@RickDeckard Regarding the changes you're requesting, Lauda has left the forum: https://bitcointalk.org/index.php?topic=5282911.msg55407286#msg55407286

The user itself has already created a dedicated thread for his issue - altough he "forgot" to mention that he was talking about a transaction of DOGE, and not BTC -> My answer in his thread (https://bitcointalk.org/index.php?topic=5342215.msg57173495#msg57173495)
Oh sorry didn't knew that... Guess I'll let anyone know about that change whenever the discussion arises... Thank you!

Is there any way a password can recover if forgotten and is there somewhere  I can state my complains and be expecting positive reply.

That totally depends on the wallet,
if it's a "custodial wallet" or "custodial service", then it's their customer support or recovery page if they have one.
Example of those are: Exchanges, some mobile wallets and most online wallets.

If it's a "non-custodial wallet", it's up to your own effort to recover your password.
Options mainly involves bruteforcing of the password or using other forms of backup like "seed phrase" to re-create the wallet.
Example of those wallets are: Hardware wallets, Bitcoin Core, Electrum, Mycelium, some online wallets like Blockchain.com.

Mostly in yoga class or during recreational activity  :P

If you decide for a non-custodial wallet, make sure to write down your seed phrase and store it in a safe place. My friend lost access to his wallet once when he was a newbie to crypto. Good thing there wasn't much in that wallet.

Hi!

This wallet thing is way too confusing for a newbie like me..

One simple question: Best free BTC wallet for a beginner that works both on desktop and mobile?

Thanks in advance!

there is no good answer here. something that is best for me does not mean that it will be good for you, and vice versa.
when I started with cryptocurrencies, nine years ago, I started with blockchain.info (now blockchain.com) and a little later with Coinbase. Both of them works on desktop and have their mobile app ^{I think for both, android and for iOS}.
that's if it means anything to you, they've been working for years, it could be a recommendation but nothing is certain and no one will care about your money except you.

That "wallet thing" is actually a storage of private keys that has the capability to spend coins from the blockchain which is stored in each of the full nodes.
The security is up to your capability, OS, etc. (and the wallet software of course).

"Other wallets" like Coinbase aren't in the list because those are not actually wallets but a custodial service where that company is the actual hodler of your coins.
This time, they are the ones that will protect your coins and all you have to keep safe is your account and password.

There's already a list in the OP that have entries for both Android, IOS and Desktop.
Based from what I've said above about custodial wallets, as long as both wallets contain the same private keys, they'll work simultaneously without issues even if it's not the same wallet.
You can achieve that by restoring the wallet's backup (usually a 12/24-word phrase) to the other, but some aren't compatible.

Note: Given that you want to use it in both platforms and will contain the same keys, if one was compromised, the other will be as well.

TL;DR
One simple answer: By looking at your other post, wallets do not contain free bitcoins even in the early days of Bitcoin,
most wallets are free to use and I don't think there are any "pay-to-use Bitcoin wallets".
Do an extensive research about "custodial wallets" and after you gained confidence, you can now use that wallet.
Here's the board for wallet software where you can ask questions: https://bitcointalk.org/index.php?board=37.0 (https://bitcointalk.org/index.php?board=37.0)

Thanks!

In the case of coinbase, they require the user's phone number and I find that bizarre considering the purpose of a crypto wallet. I'll try blockchain it's been around since the beginning.


Thank you for your thorough reply!
All I wanted to say is there are too many wallets to choose from, and being new to crypto, I want to open a wallet that is relatively easy to use ant that is secure compared to other available counterparts.

I remember back in the days somebody who was given bitcoin as gift so that he would use a wallet or a miner, It was a couple years back, i can't remember exactly what it was.

 

It has been around since the beginning but that doesn't make it safe to use, online wallets are far from being a good choice. I would just go with a hardware wallet if I were you, you can store all cryptocurrencies, and you don't have to worry about the safety of your funds. If you don't have a budget for that then Electrum for PC and Mycelium for android for BTC. For other cryptos and tokens, you've got MetaMask.

Totally agreed. I didn't have the time to look at blockchain yet but since it is an online custodial service and not a real wallet, I won't bother with it. It's like a bank, might use your money as they like, including stealing it like mtgox.com.

No online "wallets", that makes sense. Not comfortable with a hardware wallet because it might be stolen, lost, etc.         

A desktop/mobile software wallet, that is the deal.

Wait, so he received bitcoins first before he had a wallet? Must be a paper wallet then (https://en.bitcoin.it/wiki/Paper_wallet (https://en.bitcoin.it/wiki/Paper_wallet)).
But free btc to use a miner?
The only instance where it could happen is in a fake "cloud mining scam" where the user is handed free (fake) hashrates or bitcoins to rent them in order to earn BTC which he can't withdraw.

BTW, it was a long reply because of the "free bitcoin wallet", adding "free" to it is perplexing.

There's nothing to be uncomfortable about. A thief won't be able to access the funds without the PIN code and even you lose the device, you can always recover it using the seed phrase, the same thing you would do if you lose access to your desktop or mobile wallet.

As much as I hate Coinbase, I have to mention they've created a non-custodial wallet ^{[not sure when they've introduced it]} that it isn't directly connected to their Coinbase app ^{[it has a different icon as well]}:
^{- Despite saying the above things, I still wouldn't recommend "any" of their services.}

• Quote from: https://www.coinbase.com/learn/tips-and-tutorials/how-to-set-up-a-crypto-wallet
  The Coinbase app, where you buy and sell crypto, is a hosted wallet. You can also download the standalone Coinbase Wallet app to take advantage of the benefits of a non-custodial wallet.
• Quote from: https://wallet.coinbase.com/faq/
  Coinbase Wallet is a user-controlled, non-custodial product. The app generates a 12 word recovery phrase which is what gives you, and only you, access to your account to move received funds. Coinbase will never have access to this seed, meaning that we cannot move funds on your behalf even if you lose access to your recovery phrase.

---

When it comes to its security, it heavily depends on how secure both of your devices are.

Update:
Sorry, I thought you were referring to them as a single wallet/app.

Yes, I have mentioned "Coinbase" which is different from their non-custodial wallet: "Coinbase Wallet".
In fact, I have afew replies here in Beginners & Help differentiating the two  ;)

e.g. (plus more info):

I think you are confused about what online wallets are, you meant web wallet. Web wallet are the most vulnerable wallet type, their private key are stored on a databas.

Offline wallets/Cold wallets

• Paper wallet

• Hardware wallet like Trezor, Ledger Nano and ColdCard
• Wallet on airgapped devices, like Electrum cold storage wallet on airgapped device.

Online wallets/ Hot wallets

• Web wallet
• Mobile wallet
• Desktop wallet

Litespirit, some newbies do not know all they need is their seed phrase (+passphrase if included) or private key which they can be used to regenerate back their wallet and be able to spend the Bitcoin the private key control. With the pin said by OmegaStarScream, it will be difficult or nearly impossible for the thief to get access to the wallet while if passphrase is included, it will be impossible for hackers to know the keys and address through physical attack on wallet like Trezor. Hardware wallets are one of the safest wallets so far as the private keys and seed phrase are stored offline and can never be revealed to hackers, but the passphrase which is not stored at all will make it safer for open source wallets like Trezor, while no physical attack can reveal the seed phrase on the ones that make use of secure electrum to generate the seed phrase like on Ledger Nano. Only attack that can get through is clipboard attack which is an online attack while making transaction, no private key will be revealed but recipient address can be changed to a hacker's address through this type of clipboard (and maybe QR code) malware, but it is advisable to check and recheck the address you intpued before sending, but online wallets listed above are not as safe as hardware wallet because hardware wallets are cold/offline wallet.

But one thing I do not like about Coinbase wallet (the noncustododial wallet) is that it will first bring up users to store their seed phrase on Google cloud, while seed phrase storage suppose to be stored offline for best safety because we can not trust anything stored online.

Yes, you are absolutely right. But in addition, what I noticed is that people (I am not saying SFR10 is getting confused, in fact, he knows the differences between the two wallets and replied accurately) are getting confused and do not know the difference between Coinbase and Coinbase wallet, I am not certain if the wallet is open source of which I doubt, I guess it will be close source, but being a wallet of confusion makes me not to recommend it to anyone.[/list]

What is the best BTC wallet for use?

Not sure if this is the right thread, but is there a (tier) list of fully airgapped (imho safest option) hardware wallets?

I know so far of

• Foundation Devices Passport (https://foundationdevices.com/product/passport/)
• Keystone (previously Cobo!!) Vault (https://shop.keyst.one/products/keystone-essential)

You can find a list of all hardware wallets here: [BIG LIST] Hardware wallets (80+) (https://bitcointalk.org/index.php?topic=5282364.0) (Ratimov deserves credit for this)
However, I do not know if it has been updated.

There are several list of hardware wallets I collected before, and I am still maintaining them:
- LIST of all Open Source Hardware Wallets (https://bitcointalk.org/index.php?topic=5288971.0)
- Secure Element in Hardware Wallets (https://bitcointalk.org/index.php?topic=5304483.0)

Some of this hardware wallets may claim they are airgapped but they are closed source, and I would avoid using them (Ellipal and Safepal for example).
Note that Open Source, airgapped device and secure elements alone by itself doesn't make some wallet safer or better.
It should be tested by security professionals and user for some time to identify if there are any bugs and flaws in code.
Even then, hardware wallets are not perfect and you will always have tradeoffs with them.

Thanks a lot for the lists!
I agree that open source software + hardware is needed And the device being airgapped & having an (open source) secure element, is of course not a total guarantee for security, but security wise technologically (aside from bugs and flaws etc.) superior to a wallet lacking one of the features.

Let's take the Trezor without secure element: no need for a bug in the code - just read out the flash and see the keys. So in that case, even a potentially buggy secure element would still be harder than none at all.

What are the best hardware wallets that I can buy? Now I'm using the trust wallet to store my cryptos.

Most would be okay with Nano S or Trezor. It depends on what you need. If you're using it for cold storage, storing only one or two coins, don't want to spend more than $100, then Nano S is good enough. If you want bluetooth, manage your wallet with your phone, etc there is Nano X. There are dozens of HW on the market like Keepkey etc. Check out https://bitcointalk.org/index.php?board=261.0 for more discussion.

Imagine recommending Ledger in late 2021, after all the hacks and shit :D
There are so many wallets these days, I think the real good ones are mentioned all in these threads from dkbit98 (https://bitcointalk.org/index.php?action=profile;u=1410401) - open source and secure element are really a must-have in 2021 imho (additionally to good reputation, independent security analyses and reviews).
https://bitcointalk.org/index.php?topic=1631151.msg57824908#msg57824908 (https://bitcointalk.org/index.php?topic=1631151.msg57824908#msg57824908)

I highly encourage not just plain recommending the standard "Trezor and Ledger" how we all used to do 4 years ago. Things have changed a lot and there are better options for sure (like BitBox02) that barely cost more than the once go-to-models you mentioned and have open hardware, were not hacked and use secure elements for example.

Btw, since I mentioned it: BB02 got a revised secure element after a security flaw in the previous one was discovered (even though hard to trigger). So I think we can see the guys at Shift handled the situation super well by immediately changing all following units to the new chip. This is just an example, and I'm not an endorser of Shift Crypto, just wanted to give a concrete example of a good alternative to Ledger & Trezor additionally to just linking to the two lists that were mentioned earlier.

Anyone know the most popular hardware wallets of the new generation? I have been searching for a hardware wallet that is both new and reliable. I came across and was thinking of ordering Opolo Cosmos, but it's still not available. Is there anything similar that is verified?

On the website, the hardware wallet can be purchase via pre-order. Even the prices on some of the sales packages are discount.

My advice, try to find valid references or reviews from users who have used the product.
One of the references I found here: https://www.forbes.com/sites/tatianakoffman/2020/09/24/best-crypto-hardware-wallets-of-2020/ (https://www.forbes.com/sites/tatianakoffman/2020/09/24/best-crypto-hardware-wallets-of-2020/)

There is no hardware wallet that can be new, verified and good, especially not Opolo wallet that is still in presale, it's like you are purchasing experimental cat in a bag.
If you are interested in hardware wallet check out few topics like LIST of Open Source Hardware Wallets (https://bitcointalk.org/index.php?topic=5288971.0) and Hardware Wallets with Secure Elements (https://bitcointalk.org/index.php?topic=5304483.0) to get better picture of your options.
Going exotic and checking Big List of Hardware Wallets (https://bitcointalk.org/index.php?topic=5282364.0) is also an option, but I don't recommend experimenting so much with more than a crypto pocket money.
Best hardware wallet should ideally be Open Source, with secure element, airgapped and tested by security professionals.

But it is quite always surprising that the two most sold wallets in the world, Trezor and Ledger Nano do not possess all these characteristics.

Trezor does not have secure Electrum but including passphrase makes it perfect as salting process makes it generate new keys and addresses entirely which is different from the keys and addresses that would have been generated if no passphrase is included, this makes Trezor resistant to Kranken experimental attack (https://www.coolwallet.io/kraken-hacks-trezor-in-15-minutes/#:~:text=Kraken%20Security%20Labs%20has%20released,can%20be%20exploited%20by%20hackers.&text=Unlike%20Ledger%20though%2C%20Kraken%20revealed%20how%20they%20cracked%20the%20Trezor.) which can be done only if Trezor is stolen from someone and if the thief knows about how to go about the attack. This makes Trezor to be perfect for me as it is open source by including passphrase.

Ledger Nano is both open and close source wallet, which means not everything about Ledger Nano is open source, and the only component about the wallet which is close source is the secure electrum which is responsible for seed phrase generation and storage. This makes Ledger Nano to be resistant to such physical attack that can reveal the seed phrase. But yes that the secure element being close source can result to an unknown pre-generated seedphrase that can be used against Ledger Nano owner if the Ledger company has malacious intention, but I do not think they should have malacious intention which will later be obvious to people and affect the company's integrity which can fold up the company possibly.

But above all, close source wallets should be discouraged especially any non-reputed hardware wallet that are completely close source and online wallets that are close source too because malware can be included in their source code without the public knowing about the malware.

I agree a lot with this, the tested by security professionals (independent ones) is often overlooked. A new product has not yet been 'tried and tested' thoroughly by the whole community, so bugs might and probably do still exist. Of course, to aid in the security analysis, open source code, firmware, and secure element, helps a ton because then you're not looking at a black box.

---

I think it's because they were the first well implemented wallets, then everyone recommended them and does to this day, even though there are much better alternatives, just because they're this well known by now.

We should always keep our 'recommendation list' for anything really, up to date based on recent developments, found exploits etc., and not just keep recommending something for 10 years imho ;)

According to this [1]. It should take up to 3 business days. I would wait for 24 hours, then reach out to the support, they're the only ones who can help you in this situation. Also, it might be a good idea to remove your bank account from your post.

[1] https://help.coinbase.com/en/coinbase/getting-started/add-a-payment-method/payment-methods-for-european-customers

Engineer hacks Trezor wallet, recovers $2M in 'lost' crypto
Hacker helps Trezor One owner who forgot his wallet passcode and seed phrase to recover cryptocurrency funds valued over $2 million.
https://cointelegraph.com/news/engineer-hacks-trezor-wallet-recovers-2m-in-lost-crypto
“We are basically causing misbehavior on the silicon chip inside the device in order to defeat security. And what ended up happening is that I was sitting here watching the computer screen and saw that I was able to defeat the security, the private information, the recovery seed, and the pin that I was going after popped up on the screen."

A thread was created yesterday about this:

Trezor hacked (again) (https://bitcointalk.org/index.php?topic=5383049.msg59077556#msg59077556)


We should always follow the appropriate way which is sending your coins to another offline wallet if your hardware wallet is stolen. Also the use of passphrase which is also advisable for Trezor users because passphrase are not stored on the hardware wallet device while also new different keys and addresses will be generated from the same seed phrase.

I must say this an eye opener for me. 
In the Advent of a stolen wallet what action then can one take up, ASAP?

The best is to avoid your wallet device not to be compromised by avoiding malware that can compromise your wallet and steal your coins. There is no one way to avoid malware than to be very conscious about it and visit only legit sites, making use of ad blocks like ublock, stop clicking on ads and ad links. Stop downing pirated torrent files and the likes.

To learn more, you can learn more from some of these topics:
Good topics on security and privacy (https://bitcointalk.org/index.php?topic=5239098.0)

In case your device is infected, you may need to erase your device completely to become like a new device, and reinstall your OS.

Know that a compromised wallet means a compromised wallet which may not be recovered back as the coin on it would have been stolen already.

Hello everyone,
I am new here, so welcome to all community member. Actually, I know several way to create bitcoin wallet.  But I can't understand which is the best option in 2022 and also secure plan. Can anyone give me some ideas or way the best plan. Many thanks in advance.

It depends on the quantity you want to secure, you are going to store about 1$-50$ worth of Bitcoin, you could use a good,open source mobile wallet like the Schildwach wallet or even electrum on your PC. YOu are storing more, let us say, over 200$, you should consider to use a Hardware wallet of good reputation.

Thank you for your suggestion mate.
Actually, I see the pattern of Bitcoin wallet is changed. Now most of the address start with "bc", but before 2, 3 year I see most of them start with number.
Can you suggest me some website or app for the best in 2022.
Cheers...

Hello Everyone
I want to ask as a newbie, what is the best wallet to trade ur coin  and  I will like to know more about bundle wallet and how safe and effective it is

Bitcoin has gone through some soft-forks that have introduced more efficient type of addresses:

1... are called legacy addresses, that is the original format
3... Are called segwit
bc1q... Are NAtive segwit adresses are more efficient than legacy ones, are are prefered in order to save money in fees.

You can find more information here:

https://blog.trezor.io/bitcoin-addresses-and-how-to-use-them-35e7312098ff?gi=3ffdd5451624



I'd say you should get a Trezor One from the official web store, they support Bitcoin, Ethereum and its tokens. I personally consider it to be a good hardware wallet and most importantly, they use free software.

All good except this:

Those addresses that start with "3" aren't all SegWit.
"P2SH" (Pay to Script Hash) can also be MultiSig: "P2SH-MultiSig" or other scripts; in SegWit's case: "P2SH-P2WPKH" as mentioned in that article.

It depends on choosing the most convenient one ^{[online wallets]} or a somewhat safer route that's a bit complicated ^{[hardware wallets]}.
^{- Regarding the former, "most" of them can freeze your funds or a hacker might access your wallet and as for the latter, most [if not all] of them rely on third-party providers for offering such features [in other words, they can also freeze your funds and ask for some information]!}

If you're referring to multi-cryptocurrency wallets, always go with a hardware wallet that supports various cryptocurrencies.
^{- It gets the job done, but I prefer to not say they're 100% risk-free!}

To trade, for privacy, you will best use decentralized exchanges like https://localcryptos.com/, https://hodlhodl.com/, https://bisq.network/ or any other decentralized exchanges.

For convenience, you can use the so called centralized wallet if it support swapping or conversion, or use centralized exchanges, but you have no full control of centralized wallets and exchanges, the coins on it can be hacked and no privacy.

About Bundle wallet, according to what I saw on Playstore:


I downloaded the app, it requested for phone number and I decided not to proceed because it is already obvious that the app is not noncustododial wallet and it is just a payment app.

Best wallets

Full client
Full node wallets, Bitcoin Core, not for newbies and require learning very well about the full node, requires up to 5 to 10 gigabyte monthly to say updated and require almost 400 gigabyte to download the full bitcoin blockchain. Only for those that want to have their own node but most people use SPV light client wallets which are the ones I will list below.

Best light clients
Electrum, but an online wallet (https://electrum.org)
Open source hardware wallet (https://bitcointalk.org/index.php?topic=5288971.0)
You can also go for airgapped wallet which are also cold storage: Electrum cold storage (https://electrum.readthedocs.io/en/latest/coldstorage.html)

I don't know what ''bundle wallet'' is exactly, but if it is wallet for storing Bitcoin with other altcoins than I would use some hardware wallets like Trezor, or open source mobile wallets like Unstoppable.
Wallets are generally not used for trading, only for storing secret keys for your coins, but there are one dex exchange Bisq that you can use for both use cases.
One more option is AtomicDEX, that can be used as a wallet and for atomic swaps between Bitcoin and other coins.

Thanks for pointing that out, I forgot that little detail.
I was kind of just explaning the basics so the new users lurking this thread could have a grasp of the differences among the type of Bitcoin addresses one can use and I decided to share that article about the subject published by Trezor which I recalled it was quite good explaning the basics to newbies within the crypto community about addresses, that why I included it, in case someone wanted to read further my short asnwer.

I think that this post needs an update...  ???

Anyone expert, Could say main wallets to use for example;

- Computer/PC

- MobilePhone (Android & IOS)

About HardwareWallet like Trezor, Ledger or SafePal. Anyone knows about "ColdCard Mk4"  ::)

Thanks, regards  ;D

I wouldn't label myself as an expert but, here's what I'd personally go with (for bitcoin):

Desktop: Electrum
Mobile: Blockstream or Samurai wallet (the latter is privacy-focused).

As for the HWs, then since I'm not that familiar with the MK4 model, I would go with either Trezor or Ledger. SafePal might be cheap but it's definitely not something you should be using for your life savings (closed source, backed by Binance, bad UX, etc.)

Thanks for reply! @OmegaStarScream   ;D ;D

I'll try both Electrum and Samurai!  8)  :o

Thanks for your time,  ::)

It does, but the OP/TS of this thread "permanently left this forum back in October of 2020 (https://bitcointalk.org/index.php?topic=5282911.0)"; hence the lack of updates since then.

I have limited knowledge about that particular model, so I'd suggest either creating a thread on the "Hardware wallets (https://bitcointalk.org/index.php?board=261.0)" board or reading some of the published threads/posts in regards to Mk4:

• Coldcard (https://bitcointalk.org/index.php?topic=5399704.0)
• ColdCard: why would you create a backup file? (https://bitcointalk.org/index.php?topic=5402981.msg60408708#msg60408708)
• ColdCard hardware wallet (https://bitcointalk.org/index.php?topic=5033058.msg60041322#msg60041322)
• Coldcard Mk4 NFC Spec for developers (https://bitcointalk.org/index.php?topic=5380346.0)

Trezor is a open source hardware wallet, it is completely open source. It software, the Trezor Suite is also open source. For bitcoin, you can also use it with Electrum wallet.

For Ledger Nano, it has a secure element which is used for seed phrase generation and storage. The secure element makes it hard for a physical attack that can reveal the seed phrase to anyone that steal the wallet to be impossible (or let me use almost impossible).

Trezor is completely open source but adding passphrase while generating wallet with it can be necessary in order to generate different keys and addresses in a way any attacker that steal the wallet will only know the seed phrase with the physical attack that can reveal the seed phrase but can not know the keys and addresses and will not be able to steal your coins if strong passphrase is used.

I will recommend Trezor if you can use passphrase along with seedphrase to generate the wallet. If you lose your seed phrase, you lose your coin, also if you lose passphrase, you lose your coin.

About Coldcard, you can read this:
https://bitcoin.org/en/wallets/hardware/coldcard/#:~:text=Coldcard%20is%20an%20easy%20to,in%20a%20dedicated%20security%20chip.

About Safepal
The wallet itself is close source
The wallet software is also close source
It only has a mobile software, no desktop software
You can not connect it with wallets like Electrum
No means of generating multisig wallet
No coin control or address freeze
Safepal is not recommendable.

Sincerely, very usefull! i'm so gratefull for this feedback about HW, Have a nice day, thanks!  ;D ;D ;D ;D

Trying to share more usefull information to all;

After try on my mobile phone;

           - Samourai Wallet

           - Sentinel (Watch Only) -> Runs with out private keys, check balance and receive deposits on new addresses.  :P

Both apps works properly, very user friendly, but you need to know about how Bitcoin works to take really profit to these apps.

Points of interest;

           - Samourai Wallet -> Privacy connecting Tor Network, possibility of connect to own DoJo FullNode  8)

           - Sentinel -> Track any Bitcoin address having single address, XPUB, YPUB or ZPUB. With it, can generate new addreses to receive payments.

Both apps are protected by PIN and I recommed watch the options available to configure the app, very yummy apps.  ;D

PD; Another HW checked by one collegue, it's BitBox 2.0, seems like very good alternative to Trezor and Ledger! Open source and nicely made.

Bitbox wallet is based on modified Trezor code with added secure element, and it is open source, that makes it good hardware wallet buying option.
However, there are some issues with their controversial swiss AOPP rule that is violating privacy, and they are now only wallet that is still supporting that.
Trzor, Bluewallet and few other wallets removed their AOPP rule support after negative feedback from community.

Thanks for this information, really useful, I didn't know about that till your appointment! thanks  ;) ;D 8) 8) 8)

This is outdated. Wasabi is no longer privacy-focused. Implementing CoinJoin doesn't mean it focuses on privacy preservation for if it did, it wouldn't become pro-censorship, cooperate with chain analysis companies nor blacklist certain inputs from being mixed. The hardcoded coordinator does these things (https://bitcointalk.org/index.php?topic=5389567.0) now more.

So I would remove it from "Desktop Wallets" and add it on "Not Recommended or outdated Wallets":

How do you do  accomplish your suggested changes with Op owner (Lauda) gone?  Do you petition theymos to assign this thread a new owner (which is surely possible, but would theymos do it?)?  Or maybe the thread needs to be locked and a new thread created?

I suggest to either remove the thread from "sticky" or just change owner.

If there is a serious chance that the maintainership of this thread may be changed, I offer to take it up.

Pros:

• I have the general expertise to evaluate and collate information about Bitcoin wallets.
• In the technical forum, I have long demonstrated an ability to organize technical information into a focused, coherent presentation.
• I would have an exceedingly strong personal motive to uphold Lauda’s exacting standards for accuracy and professionalism, in her memory. (https://bitcointalk.org/index.php?topic=5282911.0)  I don’t want to make my personal mark, show off, or strut my ego here; I do that elsewhere!  At this point, whatever Lauda did to make this thread such a legendary success, I would just want to keep it going the way she always did, insofar as reasonable and practicable.  I don’t feel like it’s my thread; if it ever were really to become my thread, it would need to evolve that way organically in the course of time.
• I have a strong general desire that Bitcoin newbies should be guided to secure storage for their coins, and away from so-called “privacy” wallets that suddenly embraced blockchain analysis and transaction censorship.

Cons:

• In terms of direct experience, I lack much breadth of knowledge about the ever-changing plethora of available Bitcoin wallets.  I don’t see that as an obstacle:  This thread is mainly about collating and organizing information from the community, as Lauda did.  To be upfront, I simply note my own limitations here.
• I frankly need the hassle like I need a hole in my head.  Maintaining this thread is a chore and a time sink.  It does not require frequent updates—but each update is a task with a public result that is only the tip of the iceberg.  I have some idea of what Lauda personally invested in this, behind the scenes—oh, most people have no idea what went into this!  I offer only because I understand both how important this thread is to the community, and how important it was to Lauda.  I mention how much of a hassle it is, because I don’t want for anyone to assume that I make this offer lightly.
• Per the below, I doubt the whole idea of changing maintainership.

By coincidence, the dread “nullius woke up” moment came near the beginning of activity period 1369, and was not intended to last beyond the end of it.  I need to attend some old business, conscionably to address some wrongdoings in my awareness, and belatedly to answer some PMs—none of which is yet done, for I am busy with other matters.  That’s it.  If I were somehow to be assigned to maintain this thread, it would be an ongoing commitment that I take with appropriate gravity.

Hereby, I do not yet express any opinion about what I think should be done with this thread; I need to think about that.  I only address the potential case of a change of maintainership.  I note that in several different subforums, there are stickies that don’t seem much maintained.  Needless to say, however, I understand the importance of accurate and up-to-date information for newbie wallet advice.  I jumped in here because I noticed people talking about this; my own opinion is quite ambivalent here.  If I arrive at an opinion that maintainership should stay as-is (one way or another), and I have not yet consummated any definite commitment, then I reserve the right to retract or modify the foregoing.

Someone - BlackHatCoiner for example - creates a new thread, then theymos (or any other global mod AFAIK) can unpin the old one and pin the new one. That way mods can see that the replacement is better than the old thread, as opposed to just taking someone's word for it.


Like this clown here LOL

I am sure that having a track record is helpful in terms of perhaps maintaining a thread.. but what is the idea of pinning?

A new thread might refer to the old thread (and linking it) and then perhaps summarizing aspects of the old thread (including perhaps updating some information).  What would the pinning do?  close the old thread and then link to the new one?

Don't you know the ownership of the topic can not be changed, it belongs to Lauda forever.

What I just think is that someone can do more research on his own and make a better version of this thread's topic in a way the topic (this topic) will be distinctly referenced. If it is worth that the thread should be pinned, it would. So the new thread already will reference the old one and would be pinned if it deserves it. Just my opinion.

Ownership of a topic can indeed be changed.  For example, it has happened to the Wall Observer.  Fun Lauda fact:  In 2017, Lauda was one of the leading candidates to run WO. (https://bitcointalk.org/index.php?topic=2004227.0)  In that case, which did make sense for WO,^* the question was put to a vote with a non-secret ballot.  Lauda came in second after infofront, the current WO boss.

^* I do not think a vote would be right here, since (a) it is a decision that should be based on technical competence for the task, and (b) it is Lauda’s thread; Lauda was not the biggest fan of democracy.  WO is a sort of special free-for-all discussion thread with its own local culture, so I guess a poll made more sense there.

My biggest concern is, frankly, that certain parties may try to seize any opportunity to efface or to bury Lauda’s legacy of community contributions here.  Lauda touched many people’s lives here; she had friends and admirers.  But she also had many enemies—some of whom are as underhanded and duplicitous as they are petty and spiteful.

I do NOT want to take over Lauda’s thread.  I speak up here as her friend.  My personal wish would be that the thread should stay exactly as-is, forever and forever—but without being stuck with obsolete information.  That is clearly impossible.  Therefore, I am searching for the least-bad option.

Lauda did a huge service to the community with this thread.  It is one of the most highly-read threads on the entire forum.  She took justifiable pride in it; this thread was dear to her, and it was for her a labour of love.  I want to preserve it for her, in her memory, (https://bitcointalk.org/index.php?topic=5282911.0) in any way that I reasonably can.  That may be best achieved by keeping it well-maintained, such that it shall remain the best one-stop source for beginner-level wallet advice—pinned at the top of Beginners & Help.


With this, I emphatically want to agree.

---

I see that as akin to rewriting a software project from scratch (https://www.joelonsoftware.com/2000/04/06/things-you-should-never-do-part-i/) (LOL (https://www.joelonsoftware.com/2000/11/20/netscape-goes-bonkers/)).

Lauda’s thread is great.  It just needs updates from time to time—what programmers call “refactoring”.  Those updates require a terrific amount of work; I know that what is seen publicly is only the tip of the iceberg, because I was on contact with Lauda.  However, it only needs to be done occasionally.  I could commit to that.

For another metaphor, this thread is a garden that was tended with great care.  The gardener dropped dead.  Weeds are moving in.  It is unnecessary to get rid of the garden, or to change it around altogether.  It just needs some tending.


I established my reputation in the technical forum, and most of my merit is from the technical forum.  When contemplating what is fundamentally a technical topic, i.e. wallet advice to newbies, my track record should obviously be evaluated from my long record (https://bitcointalk.org/index.php?topic=2859033.0) of technical posts, (https://bitcointalk.org/index.php?topic=2905590.msg29896057#msg29896057) not from Reputation dramas or whatever.

If I were to do such a thing, I may eventually experiment with placing thread’s top posts on Github, accepting issues and PRs, etc.  Eventually.  Maybe.  It would probably make it less of a hassle than how Lauda did it.  But I also would not want to raise a barrier to contributions by those who may not have (or may not want) Github accounts.


Lauda’s thread is pinned for a reason.

---

I believe there is no reason for me to answer attempts to inject substance-free ad hominem trollbait (https://archive.ph/HIqZ0#selection-4423.0-4431.24) from someone with a demonstrated history of trolling, personal harassment, and extremely unprofessional behaviour. (https://archive.ph/sjDwX#selection-445.0-517.31)

When Lauda was a candidate for “topic starter” of the Wall Observer, r0ach had a fit of nigh apoplexy over the prospect that a (widely-presumed (https://bitcointalk.org/index.php?topic=5282911.msg60501195#msg60501195)) woman may run WO—LOL.  Undoubtedly, my offer here will draw some irrational reactions, too.

Not sure I understand the question so pardon me if this sounds patronizing... pinning is what makes the thread appear at the top of the board. That's basically the only reason to have this discussion at all, otherwise anyone can just create a thread and have at it, but they would not have the visibility that this thread has.

As for how the content is transferred, there are obviously options - linking, summarizing, etc. I think quoting the non-obsolete parts would work best - that way authorship is preserved and the contents is still in one place without having to click too many links. Rewritten parts can have reference links to the old stuff if needed.

Mucking around with ownership doesn't make much sense IMO, nor does keeping outdated info at the top of the board.

Maybe you believe that I should know better, but I did not know what you meant by pinning.... so you did answer my question. Thanks.

Noise and objections are being raised here by someone with exactly zero prior contributions in the first 11 pages of this thread (unless Lauda deleted her prior posts^*)—who practically spat at Lauda’s departure, and at those who was grieving (https://archive.ph/e9SRK#selection-2693.0-2803.194)—who has been obsessively harassing and trolling me (https://bitcointalk.org/index.php?topic=5293050.msg60507273#msg60507273).

suchmoon’s only apparent purpose in this thread is to follow me around, and to attempt to stop me from engaging in positive activity with the forum community.  I generally ignore her, so she needs to try to find a way to get a rise out of me.  Her grand entrance here, her very first contribution, was to suggest that Lauda’s thread be unpinned (thus burying the cat’s legacy here), then immediately to insult me in a childish way.

When people who have some positive, constructive interest in this thread are attempting to find a solution to the problem of maintaining it, I suggest that that discussion should not be derailed.

---

BlackHatCoiner, Charles-Tim, and JayJuanGee all showed significant interest in this thread after Lauda left, and before the current discussion arose.  If I were to take up maintainership here, I expect that I would probably be working with them, among others.

Before Lauda left, there were some other regular contributors to this thread.  They worked with Lauda before.  I have had cordial prior contact with some of them; I worked with some of them on technical education topics back in early 2018, on terms of mutual respect.  I would reach out to them, if I were to take up maintainership here.

My interest here is Lauda and Bitcoin—both.  This, hereby, is both.

This thread is a legend in itself, with >130,000 views.  It has helped many newbies to get set up with their first Bitcoin wallets.  That was characteristic of Lauda—of a side of her that some Reputation regulars never saw.  She loved helping people.  (Heaven knows she helped me, and thus got a tenacious puppy following a cat.)   It was her motivating purpose on this forum; all else followed from that.  Accordingly, I wish to preserve some of her best and most cherished work here.


^* Lauda was generally ruthless with her self-moderation powers, to a degree that shocked even me.  She sometimes even trashed posts that she didn’t dislike, simply to make her threads less cluttered and more readable.  At the time she left, this wallets thread had ≥313 posts self-mod deleted (probably many more, from the years before that counter was implemented), and 96 posts remaining.  Naturally, I would do my best to follow her example in her own thread—although I don’t know if I could bring myself to be quite as trigger-happy as she was. 😼

The thread is about wallets, not about someone's legacy. Having outdated information at the top of a beginners board is worse than having no pinned thread at all, but luckily those are not the only options. Someone (even you) can create a new thread and then petition to have it pinned on the grounds of it being a better version of the existing thread.

Based on what I know about your writing style, your version would be ludicrously complicated, boastful, and too verbose for newbies, but feel free to surprise me.


Then stop derailing it with your cringy Lauda worship.

For those wondering how I wound up here:  I have made some minor contributions to this thread before.  Very minor, compared to some who spent a huge amount of time and effort actively helping Lauda with this; as I said, I do not have broad experience using many different wallets.  Nonetheless, Lauda trusted my technical judgment; and she admired my skill as a writer.  She sometimes bounced things off of me.
She had many contacts here, including technical experts; I doubt I was the only one who contributed that way.  Anyone who actually knew her would know how she worked.

I am keenly aware of this thread, in case that was not obvious.  Newbie wallet guidance is an important part of promoting Bitcoin mass-adoption.  I have also sometimes sent people links to this thread.

---

That is a fallacious false dilemma; (https://en.wikipedia.org/wiki/False_dilemma) and it is a slap in the face to anyone who contributes here with the expectation that they will be remembered when they are gone.

I believe that I have appropriately balanced two important considerations:  The important practical need of the community to continue having an excellent wallets guide for newbies, and the recognition of someone who provided that guide as a part of her years-long devotion of time and effort to this forum.  The latter is an ethical consideration, even a matter of simple decency.

You clearly just want to get rid of this thread.  Bury it.  Slide it away.


You don’t know how I handle technical issues, since you are practically nonexistent in the technical forum. (https://bitcointalk.org/index.php?topic=5326468.0)

In technology generally, I optimize. (https://github.com/nym-zone/easyseed/blob/c7d698a35f01362030715d7244ebba2008004b10/easyseed.c#L291)  I have a reputation for keeping technical topics tightly focused amidst attempted derailment by Bcashers, et al.  Anyway, my own style is irrelevant here.

Insofar as is relevant here, my “style” is faithfully to continue applying Lauda’s style.  I offer hereby to serve as an executive editor, not to rewrite the thread from scratch.  I have no desire to create my own wallets thread; frankly, I would rather spend the time writing my own wallet.  I have been intending that for awhile.

OP and #2–4 are extremely long for forum posts, but well-organized and clearly presented.  They need maintenance.  Needless to say, I would add an appropriate note briefly recording the thread’s original authorship, with links for those who want to know more about the original author.


You are clearly acting in bad faith here.  I think that you followed me in here to attack me—just like cryptohunter used to do to people, (https://bitcointalk.org/index.php?topic=5126283.msg50386832#msg50386832) and as you are now doing in multiple threads.  Your very first post here (https://archive.ph/HIqZ0#selection-4301.0-4431.24) consisted only of a suggestion to bury this thread, and a substance-free childish insult to me ad hominem.  And you have been seething for at least two years with a thinly-veiled dislike for Lauda.

Unfortunately, I think you may find a few supporters amongst those who may simply be jealous of Lauda’s thread.

My goal here is to keep this thread as close as practicable to what it has been for almost six years.  Just keep it updated, with a level of effort similar to what Lauda did behind the scenes.  Edit it with a scalpel, not kill it with an axe.  Those who love the thread as-is will appreciate that.

I think you and suchmoon are right, what I understood from suchmoon post is that you can come up with a new thread about 'bitcoin wallet for newbies', the rest is left to you, you can do whatever you like, if you want to edit the thread, but distinctly referenced it to the original work of Lauda with the link available on the new topic that you created, I think you have nothing to be worried about. I may not be totally right, but I think you can send PM to theymos about this before any edition to give you the conditions to meet before the thread will be eligible to be pinned.

I think if you have done this before without any notice until you created a new topic about it would be better, distinctly referencing it and stating that it is the original work of Lauda will make it credible if your work is actually credible. If it deserves to be pinned, it would be pinned.

My suggestion is to create a better replacement thread and then ask moderators to unpin this one. Calling it "burying" is disingenuous to say the least.


This is a newbie board.


My point exactly. Instead of telling us how well you'd do it, you could have been halfway through creating a new thread and actually showing us how you'd do it.


It's a thread. About wallets. Your irrational emotional attachment to a long-gone forum member makes no sense here.

It occurred to me that this should be resolved administratively.

---

You missed the point.  I want to keep and preserve something that has served the community well for years.  I do not want to throw it out and replace it.  Creating a new thread would be counterproductive to what I seek to achieve.

With that being said, perhaps I may make a new thread if there seems to be too much of a danger that this thread will be replaced rather than preserved.  Or perhaps not:  Although I care about the existence of a good wallets thread, the desire to preserve Lauda’s thread is what decisively motivates me to undertake a commitment that I take very seriously.  I haven’t decided, and I hope that I won’t need to.


By what disingenuous pretzel-logic does replacing and unpinning the thread not result in burying it?

Unpinning it means letting it slide into oblivion, with its 99% still-good information that only needs to be maintained against obsolescence.


This is a thread where technical competence is required to collate and edit the information in OP.  It is fundamentally a technical thread, delivered at a newbie level.  Treating it otherwise is to invite misinformation.


I have never seen such an overtly psychopathic statement anywhere on this forum.  You are celebrating psychopathy!

Some of us believe that people matter.  Some of us are loyal to our friends.  Some of us do not treat those who were kind to us as disposable things, to use and to throw away.

Yes, some of us have emotional attachments to human beings.  When you contemn that as “irrational”, you let your mask slip.  Classic psychopathy.

---

With that, for the time being, I will ignore further replies here unless something new and interesting arises.  This is a waste of time, not constructive action.  Lauda’s thread is probably the wrong place for this discussion, anyway—especially since she’s not here to delete anything that she deems not a useful addition to her wallets thread.  She always did that, without hesitation and without apology.

I'm afraid that this particular topic is an example of your posting technique, which I find non newbie-friendly. Almost all of your threads (https://bitcointalk.org/index.php?action=profile;threads;u=976210;sa=showPosts) while perhaps educative, are hard to grasp. (What does this have to do with suchmoon?)

Then submit another, better thread and we're all going to judge if it's newbie-friendly enough with technical fundamentals. It shouldn't take you more than the time it took to write these 5 bedsheet-long posts.

I tend to agree on this point too.  I do believe that nullius has had an ability to raise a lot of good points and even to frame matters in interesting ways, but surely his posts have not tended to be newbie-friendly as a whole. but that would not mean that he is not capable of maintaining a consistent streak of newbie-friendliness but surely many of us (including yours truly) have our doubts..  

I also have my doubts about nullius's ability to consistently refrain from allowing matters to become personal - when they should attempt to be topic-focused - especially if he is wanting to either take over this thread or to have his (hypothetical at the moment) thread to get promoted to pinned status or to take the place of this thread that is already in pinned status (I am not claiming to be an expert about pin status, either, since I just realized what the term means - even though I did realize that there were some threads that fit such a descriptive status).

Of course, we know that theymos has the ability to change the ownership of a thread, but that does not even seem like the most obvious way forward in this case - unless he were to see that a member (who would end up taking over ownership) already has a track record of sustaining the basic kind of information in a thread like this, and that surely would be up to theymos to conclude if he believes that nullius has such abilities (likely based on past posting conduct - and personally, I am having my doubts that theymos would reasonably be able to come to such conclusion - or even if he would want to get into making that kind of a determination), so in that regard, the creating of a similar thread that links back to this one or even updates some of the contents of its posts might substantiate the pinning of such thread...

so in that regard, if the similarly substantive replacement thread ends up doing a good job of equally (and likely better) presenting the same information, then the thread ends up speaking for itself in terms of whether it is newbie-friendly (and focused enough) - rather than potentially taking chances with the changing of ownership of an existing thread, and really, I wonder how common change of ownership on the forum happens to be anyhow?  Maybe the WO thread is the ONLY example, and there was a bit of a unique circumstance with the change of ownership with that thread in terms of both how it had become a kind of "one-stop-shopping" information sharing  (troll-box) point on the forum, and the seemingly widespread preferences (at the time of the ownership change - about 4 years ago?) in keeping it going (as a kind of forum chat area) - including that WO thread having some of the rules of that thread to be expressedly unique from other overall forum thread rules.

I'm not sure to who you're responding in this post, but it has a lot of inaccurate information! It seems that you think there's a continuous and static amount of traffic at its maximum capacity, but that's not the case ^{[check "this (https://mempool.space/)" website]}.
^{- In addition to that, it looks like you've been using a wallet that has limited capabilities in choosing the Tx fee.}

Where did you hear that from? I have been reading on the news since like 5 months ago, how bitcoin transaction fee is low, example is this one week old news:

Average Bitcoin transaction fee drops under $1 as network difficulty recovers (https://cointelegraph.com/news/average-bitcoin-transaction-fee-drops-under-1-as-network-difficulty-recovers)

SFR10 has given you the appropriate reply, bitcoin transaction fee is very low, cost far less than $1 if using a noncustodial wallet with good fee estimation, check the mempool link he posted above to see how low bitcoin transaction is, or you can click on the link below.

https://mempool.space

What I am thinking is that he may be using a custodial wallet or a custodial exchange, be it any of the two, they charges for withdrawal fee which is transaction fee plus additional fee the custodial wallet charges from users, unlike noncustodial wallet that charges only for the transaction fee which are rewarded to miners.

It's no wonder that both SFR10 and Charles-Tim found zhtommyk's post confusing, because it was copied (https://bitcointalk.org/index.php?topic=1631151.msg51604883#msg51604883) from a 2019 post by another member (joniboini).

I was a little lazy and reported the post earlier but without first documenting it in the plagiarism reporting thread, like I should have. Now I see that the post has been deleted but the user has not been nuked. Next time, I'll do it properly.

For me LN wallets is best Phoenix. I am begginer with LN, Zap and others more complicated. The most difficult part was transferring BTC from the regular network to the Lightning Network (LN). Even with Phoenix, it was quite simple.

Talking about BTC wallets, how can I create one in my android.

Just download one. You can use Mycellium wallet or Electrum for example. They are easy to download and install.

Know that the most secure wallets are properly generated paper wallet, wallet on airgapped devices and reputed hardware wallets which are cold storage wallets. In short, offline or cold wallets are mostly secured.

Some people may validly argue that not all hardware wallets are cold wallets as users use it to make transactions, and it can also depend on how they are used to make transactions.

Online or hot wallets are not that safe, do not use online wallets to hold huge amount of money. Use cold wallets. For simplicity, you can use a hardware wallet.

The two Android wallets that I am using are Electrum and Bluewallet.

wise advice.
how do you consider the use of paper wallets presently ? how to generate securely ?

The best way I consider for now is the use of open source wallets like Electrum which can run offline on an airgapped device (a device that its Bluetooth and WiFi cardhas been removed) in which the OS is reinstall to make your certain that it has no malware. Some people generate paper wallet like this, delete the wallet on the device and use it as a paper wallet as they backup the wallet seed phrase and some addresses on paper.

For your coin protection, you can make use of passphrase (extended word) along with the seed phrase which will generate you different keys and addresses which will protect your wallet like BIP38 passphrase encryption.

I concur with viewpoint you have shared and would like to contribute a few of my own observations pertaining to both hardware and Android wallets.

Fot those who are technically adept and less concerned with company policies related to product licensing, the recent offerings from Canadian maker, Coinkite, might be an appealing option. Their latest model, ColdCard MK4, is currently available. However in the next few quarters one can expect the release of more advanced device, namely ColsCard Q1. This new model is designed to facilitate communication via QR code.

On the other hand, for those who place importance on a company's licencing policy and seek a user-friendly device with top-tier security, Passport 2 developed by Foundation would be an ideal choice. Personally, my preference aligns with Passport2.

As to Android wallets. While not discounting your choices, I would steer users towards another opt - AirGap Vault. (https://bitcointalk.org/index.php?topic=5361608.msg62511628#msg62511628)   

I came through this thread, when i am searching for recommended wallets to store coins. Since it was written a while back, I felt that some updated details are required. If any one can suggest latest recommended wallets to store coins for long term and short term holding, It would be a great help for me.

Did you actually read the thread?

How about other related threads?

As far as I can see this thread is active, even though OP is from 2016 and surely Lauda has not been around the forum for a few years.. but still maybe you should describe which aspects of OP or other parts of the thread that you want to know about?  Yes, maybe you do not need to read the whole thread.. but still.

How about describing efforts that you made to research into the topic, and also providing some details regarding how much experience you have in regards to buying BTC and the various ways that you might store it - including some ideas regarding how much you might want to store in various places (of course, you should not be giving up information regarding your own BTC holdings, but just to give some ideas regarding your own situation)... and maybe some guys might want to delve into such vague and incomplete scenarios, even though you seemed to have had done little to no actual work - which appears that you might not be a serious poster.. or at least not someone that anyone here should take seriously.. or maybe I am already treating you too seriously by actually responding.

It is not about long term or short term. If you have huge amount, use offline wallet. Offline wallets are safer and are the most secure. Their keys are generated offline, unlike online wallets which their keys are generated online.

For offline wallets:
Electrum cold storage wallet: https://electrum.readthedocs.io/en/latest/coldstorage.html

For a paper wallet, you can use airgapped device for it too, just like Electrum cold storage. Airgapped devices are secure because no internet connection, no Bluetooth or WiFi card as you would have removed them. The difference is that you will make it a paper wallet after you backup the seed phrase in like two or three different locations and deleted the wallet from the airgapped device.

Or you can buy a hardware wallet. The most recommended for now is Passport. Others may be good for you but I will not recommend Ledger Nano at all. Also I will not recommend close source hardware wallets, like Safepal. The one I can recommend is Passport, it is a bitcoin only wallet.

Other hardware wallets that I can recommend as they support multicoins and their cons:

Trezor. With the help of Wasabi, they make coinjoin possible, but Wasabi is censoring bitcoin transaction and also spying. People have preferred to use Whirlpool from Sparrow wallet or Samourai wallet from coinjoin. Or Jointmarket if you run your own node.

Bitbox02. But because of AOPP, bitcoin community do not support such wallet again. Read more about AOPP online. If you are not from Switzerland, you are not affected. I will not support such wallet for them and their government in Switzerland for invading their citizens privacy.

I still prefer Trezor, but I will advice you not to use its coinjoin.

For online wallets:
 They are used for low amount of coins. The ones I can recommend you are Electrum, Sparrow and Bluewallet. Sparrow only has desktop versions. Mobile Electrum do not have coin control and fee customization, but it has fee slider which is not accurate like customizing the fee. Bluewallet wallet is not having Windows and Linux OS.

I greatly appreciate your valuable insights and I'm thrilled to have your assistance.
For my bitcoin holdings, I will go for Electrum bitcoin wallets. I feel it is the safest way for holding.
For other coins, I already have safepal hardware wallet that you are not recommanding. Therefore I will conduct further research about its security measures.
Trezor Model T is really attractive. I will take the time to seek out others feedback before making a final decision.

Yes, if you use it offline. But if it is online, it is vulnerable like other reputed open source wallets. Online wallets are more vulnerable to hack, only recommend for low amount of coins.

Thanks for your outline.

Within this category of online wallets, I don't really claim to know very much about the comparisons of these, even though I have been using Bluewallet for a bit over a year.. and was glad to be able to have both lightning and the Blue wallet thorugh the same interface (until they took their own lightning node out of the loop, so now my lightning wallets are currently Phoenix and Breez).. so I still use Bluewallet for their onchain wallet.. and I suppose it is a replacement for some of the other centralized wallets that I had been using.. which maybe I should not even mention the name..but I was using a couple of different ones,

but anyway, I was wondering why Specter is not in your list.. when you mention Sparrow and Electrum.. what about Specter?  Do they have issues to cause them to fall off of your list,  or you have not looked into Specter?  

I downloaded both Specter and Sparrow, but I have not used either of them.

I had been considering whether I should look further into comparing Sparrow and Specter in terms of hooking it up to a Bitcoin Core node, which I ONLY recently started running BC on a couple of computers.. even though I don't exactly know what Bitcoin Core is doing beyond taking up 1/2 TB of space on each of the computers and showing me how many peers (usually between 10 and 30) are connected to each of these two nodes, but it seems that a lot of members in the forum are not even mentioning Specter anymore, but I frequently see Sparrow mentioned and praised.. while suggesting that there are "technical" aspects with any of these wallets.  

I also have not used Electrum (besides downloading it), even though I know it is quite popular due to its being open source and having had been around for a long time.

By the way.. I do use a Trezor one (since 2017) and a Trezor Model T (since about 2019?) .. and I had used Ledger in 2017.. but I got really frustrated with it.. and even seeming bugs, so I just stopped even trying to use the Ledger.. maybe I used it for around a year before I just couldn't be bothered screwing around with it.. and I did not really like the idea that they were not open source.. even though people frequently applauded them for their secure element.. but of course their reputation got a bit worse with their dancing around firmware updates and then even the discussions that caused questions about how much anyone should have had been trusting them in the first place.

 I have tended to like Trezor because of its being open source.. and even using common hardware.. even though surely it does seem that there might be some newer hardware devices that might be better, as you mentioned passport. .and yeah, I don't like the idea of Trezor's mixing service with Wasabi or their teaming up with that Wasabi service.. so I hope that they are not otherwise compromised since I am aware of some of the concerns of the Wasabi coordinators (or whatever they are called)... so yeah, if I were to end up using Electrum, Sparrow or Specter, then I would want to be able to connect my Trezor to my Bitcoin Core Node through one or more of those interfaces, whether it would be Electrum, Sparrow and/or Spector.. not that I am exactly sure about how to do any of that hooking up; kinds of things, yet.. just besides thinking about the possibility of using my Trezors in that kind of a way... or any other hardware wallet that I might get in the future.

I have not used Specter before, the reason I do not talk much about it on the forum. Electrum, Sparrow, Specter and Bluewallet are open source wallets.

I will try and download Specter and see how it is. I think it is desktop only wallet too. If you want to make transaction on it, there is possibility that the fee can be customized after clicking on advanced. It supoort replace-by-fee and coin control. It is much like Sparrow and Electrum in features and I think it would be one of the best bitcoin wallet. It has the necessary features and it is open source.

For a short while I have used Specter in conjunction with Passport 2. What was impossible to miss is its big gap limit set as large as 1000 addresses on default. From my experience Specter is the only wallet that sets such big gap limit on default, conventional value is 20 addresses in most wallets. All other functionalities are similar to Sparrow but the latter is a bit faster (at least, I found it was) so as a result, I settled myself on the Passport2-Sparrow-Bitcoin Core bond.

I have a little question. Can you please explain a little more on how transactions are recorded on the bitcoin block chain.

I understand that each transaction is recorded on a block, and each block is linked to the previous block, creating a chain of blocks, but I'd like to learn more about the technical details of how the process works.

You should have created a new topic about this because your question is not related to bitcoin wallets.

You supposed not to copy the whole OP post. It is a long post and not worth copying and pasting.

Read mastering bitcoin. I will give you two links which would be helpful:

The bitcoin network: https://github.com/bitcoinbook/bitcoinbook/blob/develop/ch08.asciidoc
The blockchain: https://github.com/bitcoinbook/bitcoinbook/blob/develop/ch09.asciidoc

If it is bitcoin wallet, you can go for cold storage wallet on an airgapped device https://electrum.readthedocs.io/en/latest/coldstorage.html

If you have two devices or three devices, you can go for a multisig wallet:

https://electrum.readthedocs.io/en/latest/multisig.html
https://bitcoinelectrum.com/creating-a-multisig-wallet/

If you need a bitcoin-only hardware wallet, go for Passport: https://foundationdevices.com/passport/

To increase your security, you can setup multisig on a software wallet and hardware wallet if you want. You can get more hardware wallet to setup multisig if you want.

Another recommended wallet that you can use for airgapped or multisig is Sparrow.

It's already in the opening post: Best Practices (https://bitcointalk.org/index.php?topic=1631151.0#post_bp)

Considering that you mentioned "Bitcoin and cryptocurrencies", a hardware wallet that supports all of those cryptocurrencies would be the ideal choice ^{[make sure to go with a hardware wallet that is "open-source (https://bitcointalk.org/index.php?topic=5288971.0)", has "reproducible builds (https://walletscrutiny.com/?platform=hardware&page=1)" and "secure element (https://bitcointalk.org/index.php?topic=5304483.0)"]}.

Although I'm not a fan, hardware wallet is the most suggested for a beginners for safety and convenience.
That's because the target of hackers are safely stored inside that device; software wallets on the other hand, store it in your device/PC.

The process is simple:
After acquiring a reputable hardware wallet from a legit source, follow their setup manual.
It's basically two steps; create a new 24-word seed phrase, write it on your backup sheet and keep that safe since
it'll be the only backup required to spend all of your wallet's funds, with or without the hardware wallet.
Connect it to their desktop client that handles the addresses and transactions. (steps included in the manual or official online guides)

Take note that if you've setup a "passphrase" (BIP39 passphrase / seed extension), it'll be also required to restore your funds, your seed phrase wont be enough to restore it.
(you'll see the message when setting it up)

---

Alternatively, the safer route but quite hard to setup for beginners, "Cold-Storage":
If you can handle device security pretty good, you can opt-in to using software wallets but in cold-storage setup which uses an "Air-Gap" machine and an online machine.
The former containing your private keys (which is what needed to spend funds) and the latter for getting balances and creating transactions.
Here's a example cold-storage setup tutorial for Electrum: https://electrum.readthedocs.io/en/latest/coldstorage.html (https://electrum.readthedocs.io/en/latest/coldstorage.html)
This is the safest if everything is setup accordingly.

Can someone explain the basics of how to get started with Bitcoin for newcomers? What are the key steps, and what advice would you give to someone just entering the world of cryptocurrency investment?

Learn what is bitcoin might be the first thing, and to not make the error of using vague and meaningless language, such as crypto or cryptocurrency, when you need to start with bitcoin first and learn about bitcoin so that maybe you don't use language that does not mean much of anything and/or is likely going to end up dragging you into believing that you need to invest into shitcoins at a time that you had not even learned about what is bitcoin.

Download a wallet or buy a wallet to store Bitcoin.
The downloaded wallet is called a software wallet. Wallets purchased to store Bitcoin are called physically touchable hardware wallets.

Once you get a wallet, create an address to be able to send and receive Bitcoin. The address that comes from the wallet, has a key called a seed phrase.
Save the seed phrase in a safe place and make sure it is not connected to the internet.
Learn how to use the wallet (software and hardware).
The wallet used to store Bitcoin, I recommend an open source one and some other important things.
CMIIW

Crypto abounds. Bitcoin is only one.
Investing in Bitcoin, you must have Bitcoin. How to get Bitcoin, buy and mining.
Discover the differences between Bitcoin and crypto in general.

Help how, and what wallet you want to install?
It's like installing any other program on your computer, you dont have to be science expert for bitcoin wallets.

There are many BTC wallet applications (for example, https://bitcoin.org/en/choose-your-wallet (https://bitcoin.org/en/choose-your-wallet)). Because you didn't specifically mention which BTC wallet you want to install, maybe you could try installing one of the BTC Wallets, which is quite popular and only requires a few resources and a fairly fast synchronization process, namely Electrum (https://electrum.org/#download (https://electrum.org/#download)). You can read the documentation about Electrum here: https://electrum.readthedocs.io/ (https://electrum.readthedocs.io/) or https://bitcoinelectrum.com/ (https://bitcoinelectrum.com/).

I once made a thread about Electrum, including how to install Electrum on MacOS and Windows OS. You can see it here: ELECTRUM - BITCOIN WALLET (https://bitcointalk.org/index.php?topic=3664755.0) (Indonesian; Please use a translation machine to understand it in your language). Meanwhile, for Linux, you can follow the vv181 (https://bitcointalk.org/index.php?action=profile;u=327124) guide: Re: Electrum on debian 12 (https://bitcointalk.org/index.php?topic=5469959.msg62978363#msg62978363).

Not sure why you deleted your post, Husna has already provided you with the links you need to install Electrum (see the post above). If you have another wallet in mind, tell us its name so we can give you the steps to follow.

I tried looking at his post history via https://ninjastic.space/search?author=Blizzardbtc&board=39. It seems that Blizzardbtc has also made similar posts several times, but for some reason, he deleted them.

Here is one of them:

https://www.talkimg.com/images/2023/10/25/T3Qa2.png

https://ninjastic.space/post/63047876 (https://ninjastic.space/post/63047876)

---

@Blizzardbtc, both the Seed phrase, wallet file and Private key can all be used to restore the wallet on Electrum. Here are some things that might provide additional information for you about restoring your wallet on Electrum:

- Seed phrase allows you to access all addresses in the wallet.
- Wallet file: in certain conditions, you also need to know the password if the wallet was previously encrypted using a password.
- Private key: you will only get one address from the private key.

I still recommend Electrum (https://electrum.org/#download (https://electrum.org/#download)) for a Bitcoin wallet. If you want to run a full node, you can try Bitcoin Core (https://bitcoincore.org/en/download/ (https://bitcoincore.org/en/download/)), it requires quite an extra hard drive space and a reasonably stable internet connection. You can check several other wallet options that might be more suitable for your needs here: https://bitcoin.org/en/choose-your-wallet (https://bitcoin.org/en/choose-your-wallet).

I suggest you try it to experience how to use the wallet. So it's not just a matter of asking which wallet is the best because each person's preferences for their chosen wallet may be different.

I will recommend your suggestions and recommendations again to users who ask.

For you @Cryptoberly, I really don't like it when people ask about something and someone comes to answer well to be a solution to the problem, suddenly that person deletes their post.

Husna QA has provided very accurate answers, so don't delete the question posts you have made because the answers given by Husna QA can also be useful for other users when visiting this thread.

I did not invest before because I was afraid of not being tech savvy enough to manage a wallet. I don't trust Ledger, for example. I think they will eventually cave in to government pressure when they go after our wallets. And I strongly believe that they have our seed phrases.
A guy in my class at uni manages at least 10 BTC, or more. He's secretive about it. He travels to Switzerland and Dubai with other (foreign) whales, for tax reasons. They have complicated strategies to avoid heavy taxation in my homecountry.

I'd like to take investment advice from him but he keeps a distance. I can't get near the group because they want to stay under the radar and probably don't like a rookie like me. I don't know anyone in person who manages a significant amount of BTC so I don't have a person of trust to turn to, for emergencies.
I think we are not going to see lower lows ever again, and I can only afford to buy 0.5 BTC at this point.

This will require a 20k bank transfer which will automatically flag me to the authorities. They will know I'm into crypto and I think it is a matter of time before I have to declare the holdings on my tax sheet.

I need the best possible advice for a wallet that can withstand all pressure of governments, tax agents and hackers.
Banks are terrified of BTC and they will use legislation to make every BTC holder seen as a terrorist by society. As if BTC holders are the new unvaccinated. I wonder if they can ever push me to the point that I have to surrender and hand over my BTC wallet. Before it gets to that point, I consider sending my wallet to my mother in law who lives outside of the European Union.

I wouldn't trust Ledger either, but mainly because they exposed their customer's personal data, lyed about the seed can't be pulled out of the hardware and their firmware is closed-source and thus opaque.

But there are excellent alternatives besides Ledger hardware crap: Foundation Devices Passport, Trezor Safe 3, BitBox02 to name my personal favorites. You have good choices, no need for Ledger crap.



Apparently not secretive enough or how do you know that he manages at least 10BTC? Did he brag about it or is it just your own wild guess?

Simply don't talk about how much crypto you have or you want to invest in. No need to disclose such sensitive and potentially dangerous details. Why risk getting in trouble because of that?



You don't need to invest such a sum in one transaction if that raises flags at your bank(s). Don't rely on advise of others because others rarely act only in your interest but rather in most cases for their own benefit. You should understand the investments and their risks you are about to make.

Don't try to evade proper taxation of your crypto investments, it's usually not worth the trouble. You might be lucky, but if not, you're gonna be in deepest shit pretty quick (of course depending on in which country you live, but usually everywhere tax evasion isn't a small and neglectable misdemeanor).


For the amount you plan to invest I would strongly suggest to protect your wallet secrets with a hardware wallet. Proper usage of a hardware wallet, learn the basics first, shields your stash from a potentially insecure computer environment. Don't do your daily internet shit on the same device that you use to communicate with your (hardware) wallet. Try to separate crypto stuff from your daily internet stuff.

Don't become reckless, there's usually no "get rich quick" for all of us.

I am newbie and obviously need some help...
Came to this platform to find some answers.
Read questions and answers for newbies in this thread and got even more lost.

I would like to start trading on dYdX and I have a hard time choosing the right crypto wallet for this platform. Reading their help articles and overview suggests MetaMask but it has very poor reviews plus I read somewhere in this thread that it isn't good.

May I ask you what wallet you would recommend to choose to trade on dYdX?

Your question appears offtopic in this thread as the decentralized exchange (DEX) dYdX is based on the Ethereum blockchain, respective tokens and derivatives on it. I don't see an immediate and obvious connection to Bitcoin here and Bitcoin wallets in particular.

When you're new, I suggest to take the time and read, read, read and learn. I can't and won't assess your knowledge about trading in DeFi space, but it's crucial to fully understand the products and risks with what you're trading with.

Hi everyone, hope you're all having a great festive break.

I've created a couple of wallets using https://www.bitaddress.org by doing the following steps:

* Saved https://www.bitaddress.org/ as a html file and saved it to a freshly formatted USB stick
* I have a PC with freshly installed version of Windows 10 - the PC has no Internet connection.
* Opened the html file on the non-Internet PC and created the wallets.
* Closed html file and deleted it from the USB stick.
* Wallets saved on the USB stick and removed from PC
* The laptop will never connect to the Internet.

I have switched the PC off now and have no plans to use it. Would you class my paper wallets as being safe to use in this situation?

It may be safe for now.
However, you should also be careful using a USB stick as a wallet storage. Over time, the components of the USB stick may break down, or the data stored on it may be corrupted.

If it's just to protect your wallet, I don't think it's necessary to sacrifice your PC or laptop so that you don't plan to use it. I think that's too paranoid. You can use Linux OS when you are worried about the security of the Windows 10* you are currently using.

Also, when you make a transaction, you need a device that is online/connected to the internet to broadcast the transaction.

---

*

Hi all, what about CEX? What do people think?

thanks!

Considering that these custodial services are in full control of users' private keys, using their services as a personal wallet is the worst thing that you can do to your hard-earned cryptocurrencies!
^{- In addition to the above line, these custodial services are constantly being targeted by skilled hackers, and it's worth noting that almost all of them aren't insuring users' funds.}

I need help I lost my phone that is linked to my bitcoin wallet that has 2 way factor key

You might want to mention the name of the wallet or the service in question, but most of them also provide backup codes when you first set up 2FA on your wallet or rather account.
^{- It's worth mentioning that some of these platforms have the option of resetting your 2FA as well!}

I Think Binance in tha bwst bitcoin wallet. It's easy to use. Very user friendly. Easy to withdraw and Deposit. Treading option and much more...

I'm not a Binance user, but AFAIK they don't have a dedicated Bitcoin wallet ^{[disregarding their involvement with a certain brand of HW]} so all of your stored assets in their so-called wallet belong to them ^{[they can freeze or confiscate it whenever they want]}!
^{Note: The user-friendly part is a trade-off between security and convenience!}

hi i am a newbie as u can see,excuse my question but are offline wallets advantageous?
in term of security.

I'm quite certain you're speaking of an air-gapped wallet setup, where the offline/air-gapped part keeps the private keys safe and never has contact to online internet. The air-gapped part thus is unreachable for malware or other nasty things.

Such a setup has a watch-only wallet part (the watch-only wallet doesn't have private keys and thus can't loose those to malware) which is online to broadcast signed transactions and of course receive updates on transactions of the wallet's addresses.

Such an air-gapped setup with an offline "cold wallet" that holds and secures the private keys and an associated online watch-only "hot wallet" without private keys (it has only the extended public master key to generate all addresses of the wallet) is very secure.

It's less convenient than a decent hardware wallet but offers very good security if handled properly and keeping the cold part always offline.

You should be able to find more about it with search keywords "air-gapped software wallet".

Binance is not a wallet, but an exchange. The address obtained from Binance for deposits is only an address without any seed phrase or private key held by the user. Don't misinterpret it.


Very beneficial for security. Security protection of storing assets in a strong offline wallet.
For me, cold storage is the safest place to store assets because if it is done in the right way, we will get a good level of security. Storing assets in an offline wallet means that we store assets in a place that is not connected to the internet because internet activity is very vulnerable to the safety of important assets.
It is highly recommended to store assets in an offline wallet.