Bitcoin Forum

Hi guys, I created this topic to enhance the knowledge of those who still beginning in Crypto World.I recently found some articles about this on the internet and I also noticed that no one has ever posted a topic like this so I just came up to this idea to share this information about Bitcoin wallet. I know there are a lot of people who already knows what is Bitcoin wallet and what is its purpose. But there are also some people here who didn't know about these things for sure. I make some research but you can still find information like this in internet on your own if you want, but I will explain it to you here so that you won't need to go to intermet to search certain informations like these.

Contents:
*Basic information about Bitcoin wallet address
*Types of wallets
*Example of bitcoin wallets and its advantage and Disadvantage.
*Download links, links and official website of bitcoin wallets are provided below to avoid phishing sites. They are 100% real.


Lets start with what is Bitcoin wallet.

According to Investopedia Bitcoin wallet is a Software/Hardare where we can be able to store Bitcoins. This is mostly similar to wallet we used for storing money.

Bitcoin wallet consists of
1. Passwords/Private keys- which is needed to access your wallet account. Private keys and Passwords are very important. These keeps our wallets secured. We must always keep it in a safe place and never forget it or else. We will just end up unable to access our wallets.

2. Wallet address - it represents a possible destination for Bitcoin payments and transactions. Bitcoin wallet address is not like Passwords that we need to keep by ourselves. Instead it is the opposite of Passwords where we can share to anyone or to public.  If somebody will send you bitcoins just give them your Bitcoin wallet address. Same as if you want to send some bitcoin. Just ask for their Bitcoin wallet address. You can find Wallet address in your wallets. It consists 26 to 35 alphanumeric characters that start with either "1" or "3".


There are types of Bitcoin wallets,
1. Paper wallet
2. Software wallet
3. Hardware wallet


Hardware wallet - A hardware wallet is a physical electronic device used for storing bitcoins. Some people says Hardware wallets are the best choice because it is secured, reliable and convenient. Hardware wallet is better than Software wallet because it is much easier to store bitcoin and it is more secured, east to backup and less margin for errors but the problem is, Hardware wallets are not free. They are too expensive. Here are some examples of Hardware wallet.

1. Ledger Nano S

Advantages:
*Allows storage of the world’s leading digital currencies.
*Integrates with a multitude of software wallets.
*An OLED display that allows you to double-check each transaction.
*One of the most affordable OLED-based hardware wallets.
*Supports more Cryptocurrencies than Trezor.

Disadvantages:
*Not as reputable as some of the leading hardware wallets, such as TREZOR.
*Not for free.

Buy Ledger Nano S here(official website): https://www.ledgerwallet.com/products/ledger-nano-s?gclid=EAIaIQobChMIu8PcrIXi2QIVGKrsCh2yBgX0EAAYAiAAEgLXZPD_BwE

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2. TREZOR

Advantages:
*Security. Limits the ways your Trezor can be accessed and protects it from hacking.
*Multiple currencies. Supports several currencies other than bitcoin and can convert transaction amounts to and from fiat currency.
*Easy-to-use interface. The myTrezor browser plug-in makes it easy complete transactions.

Disadvantages:
*Complicated PIN. It takes time to set up the plug-in, and you must re-enter your PIN using an obscured keypad every time you plug in the Trezor.
*Limited transaction opportunities. Because it’s a hardware wallet, the Trezor must be plugged into a computer to make transactions, unlike mobile or paper wallets that can be used on the go.
*Not for free

Buy Trezor here: https://shop.trezor.io
Official website: https://trezor.io

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3. Keepkey

Advantages:
*Top-notch security standards make it virtually impossible for hackers or viruses to steal your private key.
*Offers the same security features as more established products, such as TREZOR.
*Attractive, professionally designed OLED display makes using the device easier than other similar products.
*Provides access to the world’s leading cryptocurrencies.

Disadvantages:
*A lack of web wallet means users must add software such as Electrum or MultiBit to make use of its applications.
*Larger size makes it slightly less portable than TREZOR or Ledger, which can fit comfortably in your pocket.
*Setup is fairly straightforward, but doesn’t allow users to save their progress.
*Not for free

Buy keepkey here(Official website): https://www.keepkey.com

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These are the example of hardware wallets. Although they have their own advantages, they also have disadvantages and these are very expensive.


Now lets move on to Software wallets.


Software wallets - Software wallets are like what I've discussed earlier. It is an application which we can install in our Computers or mobile devices like Android and Ios but not just that because there are also Software wallet that is web based wallets. Most of all software wallets requires internet connection in order to access and ofcourse our password too.
Here are some examples of software wallets.


1. Coinomi
Coinomi is a great mobile wallet which allows you to store various cryptocurrencies along with Bitcoins. It has a very intuitive user interface and follows robust security protocols to keep your Bitcoins safe. I Didn't used this yet.

Advantages:
*More secure than web wallets
*Support various cryptocurrencies
*Convert one crypto to another
*Easy for beginners
*Free to use

Disadvantages:
*Available only on Android
*Some part of Coinomi app code is kept private while some is available on GitHub.

Download Link
Android: https://play.google.com/store/apps/details?id=com.coinomi.wallet
Ios: https://ios-beta.coinomi.com/?token=HDEN57f3b8HTUTFANRawrJt4dyHot2Up
Official website: https://coinomi.com

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2. Mycelium
Actually Mycelium is the first Bitcoin wallet I ever used. I've tested this one and it is really secured. Mycelium can also be connected to hardware wallets like ledger nano S, trezor and keepkey.
MyCelium is an open-source project and is regularly being technologically upgraded by an active community of developers.

Advantages:
*Better than Web Wallets
*Interactive UI
*Free

Disadvantages:
*Beginners might find it difficult
*Available only on Mobile

Download Link
Android: https://play.google.com/store/apps/details?id=com.mycelium.wallet
Official website: https://wallet.mycelium.com

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3.Exodus
If you want to store your Bitcoin safely on your Desktop then Exodus is the best choice for you. It was launched in 2016 and has gained a huge popularity since then. Apart from storing Bitcoins, Exodus allows you to exchange cryptocurrencies using the inbuilt Shapeshift.io. But remember, this wallet if for computers only.

Advantages:
*Informative UI
*Easy to Exchange cryptocurrencies
*Free

Disadvantages:
*Only for Computers/Laptops

Download Link(official website): https://www.exodus.io/releases

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4. Jaxx Wallet
According to some of Jaxx wallet reviews. This wallet is still buggy and have lot of issues.
Jaxx is a Multi-Currency digital wallet which store Bitcoins as well as Altcoins.

Unlike Exodus and MyCelium, Jaxx is available for Mobile as well as Desktop. The UI of Jaxx is very simple and easy to understand for a newbie.

Advantages:
*Supports Multiple currencies
*Available on Mobile and Desktop
*Free

Disadvantages:
*It has 3-star rating on Playstore(Which is far less compared to other wallets)
*Relatively a new company
*Not open Source

Download Link
Android: https://play.google.com/store/apps/details?id=com.kryptokit.jaxx
For more download options visit Jaxx Official website: https://jaxx.io

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5. Blockchain.info
This is the most popular bitcoin wallet today. With just your browser you can be able to send and receive bitcoin instantly. No any applications is required to install. This is a web based wallet that we can access using browser from computer or even mobile devices. Pretty cool right?

Advantages:
*An established and trusted company in the Bitcoin community, good interface, available for mobile and web.

Disadvantages:
*3rd party trust required, hard to make completely anonymous payments.
*not too recommended for Storing coins in long term if you don't have full control of your private keys.
*Still full of bugs.

Link: https://blockchain.info

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6. Bitcoin Core
This is a suggested bitcoin wallet here in our forum. You can found it in the upper left part of the forum.
Bitcoin Core offers a lot of security and privacy features, and supports complete transparency. Bitcoin Core is well-regarded for being a stable system, though it can use up a lot of memory and space on your computer. Still, for modern computers the hardware requirements are rather low.

Advantages:
*Features plenty of security and privacy features and offers a highly stable system.
*Open Source

Disadvantages:
*No mobile app and no web interface makes it difficult to use this wallet without having your own personal computer on hand. It also requires a lot of free space to store the whole Blockchain.

Download Link(Official website): https://bitcoin.org/en/download

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7. Electrum
As we can notice, electrum is also a suggested bitcoin wallet here in our forum. Did you guys already saw it? Like bitcoin core it is sometimes shown in the upper left part of our forum.
This fast, lightweight desktop app is a good choice for someone using older and less powerful computers for their bitcoin storage. The most processor intensive parts of the wallet are handled by remote servers. Electrum is well regarded for its advanced security and privacy features, and users can even recover their wallet with a secret pass phrase, though some people would prefer a wallet that doesn’t rely on remote servers.

Advantages:
*While many apps are processor intensive, Electrum is known for being fast and light weight.
*Open Source
*Free

Disadvantages:
*Not friendly for newbies, and the reliance on external servers could present security threats.

Download Link: https://play.google.com/store/apps/details?id=org.electrum.electrum
Official website: https://electrum.org

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8. Armory
Amory is a well-known and trusted brand when it comes to Bitcoin security, though the app is usually best for more advanced users. If you are looking for an app that emphasizes safety and security, Armory should make the short list as the app features a variety of encryption and cold-storage options. Armory is among the most respected brands when it comes to Bitcoin security.

Advantages:
*This is Very flexible and adaptable to just about any situation. Offers industry leading security features.
*Open Source

Disadvantages:
*It requires advanced user knowledge and is not known for being user friendly.

Download Link (Official website): https://www.bitcoinarmory.com

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9. Xapo
Xapo is a web-based wallet system, so alls you need to access it is a web browser and Internet connection. Xapo is known for having reasonably advanced privacy and security features, especially for a web-based wallet. The company supports payments through a debit card system, making it easy to spend your Bitcoins. The app is also friendly for newbies, so if you’re new to Bitcoin, give Xapo a close look.

Advantages:
*Xapo debit card system allows you to use Bitcoin ATMs and spend at merchants across the world.
*Free

Disadvantages:
*Web-based wallets face extra security threats, and you won’t be able to manage your Bitcoins without a Internet connection.

Download Link
Android: https://play.google.com/store/apps/details?id=com.xapo
Ios: https://itunes.apple.com/app/id917692892
Official website: https://xapo.com

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10. Green Address
A user favorite, Green Address allows you to access your Bitcoins through a variety of methods, including online, through a mobile app, or through a desktop client. Better yet, Green Address’s is well regarded as being user-friendly. This makes Green Address one of the most flexible wallets around. Supports multi-signature features and has strong security and privacy features.

Advantages:
*It is Very flexible and very easy to use, making Green Address a top choice for newbies
*Free

Disadvantage:
*Requires the use of a remote app loaded from another location, and shared control over your Bitcoins.

Donwload Link
Android: https://play.google.com/store/apps/details?id=it.greenaddress.cordova
Ios: https://itunes.apple.com/app/id1206035886
Official website: https://greenaddress.it

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11. Bitcoin wallet
One of the oldest names in the business, Bitcoin Wallet is known for being fast and relatively easy-to-use. The company believes in “zero trust”, meaning they go out of their way to provide a decentralized system that provides people with a lot of control over their Bitcoin wealth. High-transparency, along with strong security features make this a very secure program, especially for a web-based wallet.

Advantages:
*Well-reputed brand name and a safe, fast, and secure operating environment make this wallet a good choice, though newbies may need a bit of time to get a hang of the system.

Disadvantages:
*Only available online and requires an Android or Blackberry phone.

Download Link: https://play.google.com/store/apps/details?id=de.schildbach.wallet

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12. BitGo
BitGo is known for its high levels of security and is a multi-signature wallet. This means that every transaction will require two-factor identification, which can go a long way in protecting your wealth from malware, hackers, and server attacks.

Advantages:
*A high level of security in a relatively easy and non-technical package.

Disadvantages:
*Two-factor identification can create a hassle and the service does rely on central verification.

Link: https://www.bitgo.com

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13.  Airbitz
Airbitz is a decentrelized, secured and backed up Bitcoin wallet. The promising notion about it is that neither Airbitz or any other 3rd party can access your Bitcoins, so it’s fully independent. The nice thing about Airbitz is that it also supplies you a directory of Bitcoin accepting businesses around you.

Advantages:
*Beginner friendly, bitcoin accepting business directory, decentrelized.
*Free

Disadvantages:
*Unestablished brand, no web interface (mobile only).

Download Link
Android: https://play.google.com/store/apps/details?id=com.airbitz
Ios: https://itunes.apple.com/us/app/airbitz-bitcoin-wallet/id843536046?mt=8
Official website: https://airbitz.co

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14. Copay
One of the best Bitcoin wallets out there, it was created by Bitpay. Copay is a multisig wallet which means that a single wallet can have multiple users. This can be ideal for a corporate account where for example, 2 out of 3 signatures are required in order to confirm a transaction. The wallet also has a desktop, mobile and web interface and is completely independent and open source.

Advantages:
*Multisig wallet – allows for improved security, great design, supports multiple devices.
*Free
*Open Source

Disadvantages:
*No support, can be a bit overwhelming for beginners.

Download Link
Android: https://play.google.com/store/apps/details?id=com.bitpay.copay
Ios: https://itunes.apple.com/us/app/copay/id951330296
More Downloads options for Windows and Linux os (Official Website): https://copay.io

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15. BTC.com
BTC.com is a Block Explorer owned by Bitmain. The site offers several tools such as network statistics, a mining pool and also an online wallet. The wallet, similar to Blockchain.info, is an HD hybrid wallet. Meaning, you access it via the web but the keys to the wallet are stored on your machine, so BTC.com has no access to them.

Advantages:
*Wide variety of features, intuitive interface, open source.

Disadvantages:
*Still a hot wallet, controlled by Bitmain which have a shaky reputation in the community.

Download Link
Android: https://play.google.com/store/apps/details?id=com.blocktrail.mywallet
Ios: https://itunes.apple.com/us/app/blocktrail-bitcoin-wallet/id1019614423
Website wallet (Official Website): https://wallet.btc.com

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16. CoolWallet
CoolWallet is another attempt at creating a portable Bitcoin hardware wallet. The device itself looks and feels like a credit card and has one small operation button on it. The device needs to be help closely to your mobile app when sending out coins adding another layer of security. Even though the concept is pretty cool, the execution is far from complete and the device still feels a bit clunky.

Advantages:
*Very portable (fits in your wallet).

Disadvantages:
*Device feels a bit clunky, relatively new company behind the product.
*Not for free

Buy here(Official Website): https://coolwallet.io

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17. Coins.Ph
This is my present Bitcoin wallet. I'm from Philippines and this Bitcoin wallet is the most reliable, secured and trusted wallet by most of Filipino. Since it is easy to use this is the bitcoin wallet I used for now. You can convert Bitcoin to Peso in just instantly. Same as converting Peso to bitcoin. It has so many features and very convenient when it comes to cashing out your money. Coins.Ph is a bitcoin wallet made by Filipinos.

Advantages:
*Coins.ph have developed a service called Door-to-Door Delivery, precisely for families who reside in the area so that their family member who functions in the town and can deliver them payments to their home through delivery networks like LBC. Coins.ph provides 10 bitcoin buying and selling methods.
*Free

Disadvantages:
*Its acquiescence with KYC (Know Your Customer) guidelines forces users to confirm their addresses and government supplied IDs. To exploit the daily spending limit, users must take a selfie holding the government issued card in hand.
*Common cahsout places are in Philippines only.

Download Link
Android: https://play.google.com/store/apps/details?id=asia.coins.mobile
Ios: https://itunes.apple.com/us/app/coins-wallet/id972324049?mt=8
More download options for Windows and Linux Os (Official website): https://coins.ph

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These are some fo Software wallets that I found in internet. But there are still more a lot of wallets out there. Some are just unrated and not popular. What I mentioned above are trusted and known wallet.
Remember, there are some fake wallets that sometimes used to steal your bitcoins. I recommend to read their reviews first and make some research about your desired wallet for your safety.
Oh I forgot something, I'm not finish yet. I've only discussed Hardware and Software wallet which means Paper Wallets are not yet discussed. Well lets proceed.


Paper wallets- paper wallets are documents containing all of the data that is needed to generate any number of bitcoin private keys. It is usually used for storing bitcoins offline as a physical document. I cant be able to give some examples of paper wallet because paper wallets are just documents made by people. But it is still a way of storing bitcoin.



Well, thats all. I have copied some of the information here from the articles I found. I make some research and gathered information from different sites and combined them as one information and this is the result. I made this for you guys so that you can be able to know further informations without going to different kinds of sites just to find answers. I hope it helps.

This is just Wallets that supports bitcoins. Some wallet might be not included because they didn't supports bitcoin like Ethereum wallets.

If you have questions feel free to aks, And also if I violate some rules please tell me and I will lock this thread Immediately. Please don't tag me negative trust. I just want to help by sharing informations.



Sources:
https://en.bitcoin.it/wiki/Address
https://coinscage.com/best-bitcoin-wallet/
https://www.investopedia.com/terms/b/bitcoin-wallet.asp
https://www.buybitcoinworldwide.com/wallets/
https://99bitcoins.com/best-bitcoin-wallet-comparison-review/?gclid=EAIaIQobChMIzc3NgZff2QIVHbbACh12eAIWEAAYAyAAEgIeWvD_BwE
https://www.finder.com/ledger-nano-s-wallet-review
https://www.finder.com/ph/trezor-bitcoin-wallet-review
https://www.finder.com/ph/keepkey-wallet-review
https://en.bitcoin.it/wiki/Paper_wallet
http://ecurrencyreview.com/2017/02/09/coins-ph-bitcoin-wallet-review/


Do not re-post without my permission.

I think Bitcoin should be stored on a cold wallet because it does not need internet connection because it stores Bitcoin offline so it will limit the possibility of theft from hackers in the world but it has one disadvantage that you will have difficulty in spend as well as buy, sell the product online.

Good job @Silent26. It's been a while I've seen a thread on this board where extensive research was done before putting up a thread.

Meanwhile, I would like to suggest you add which wallets can be used for Segwit addresses and Ios devices.

Thank you Sir. I will add more information later on or I will create a new thread since it seems like the thread is overloaded.

Thank you for this article! It helps me a lot. For a beginner like me. Surely will keep  this information in mind. More of this beneficial articles please.

really appreciate your work to provide explanations that may be needed by the seeker of information, and may also be added some things from questions that may not be clear.
passion for enlightenment

Your explanation is very good, and I am very grateful to you because you I can choose which me wallet I will wear  Besides I can understand well the bitcoin wallet I can also choose the best wallet for me.......

Thanks for your kind words guys. I will keep posting more informative researches later on. I am willing to help those people lacking more information about some stuff in Crypto world. As long as I'm not violating any rules and not harming anyone, I will do my best to help you guys. I hope I really helped you by just these informations. By the way. Thank you again.

Thanks for the advice Sir. I will make it more well-ordered next time.

There are many information about wallets out there. Altought this might be good to post if google and google will probably index this page so newbies land here in search of wallets. Honestly that part at end, the promtion that you put is totally irrelevant to the whole theard and can be seen unproffessional from your side. You haven't put all wallets but lets say it is somewhat good list shall we. People don't report issues with Jaxx, but there are known issues with how safe this wallet is actually secure to use, many bad things PLUS IT IS NOT OPEN SOURCE like many of wallets you have listed and you should put this as well. Not open source you can't really tell what an wallet is doing in the background other than to trust the developers of it.



Totally irrelevant.

Please, change the information about TREZOR. You have described TREZOR One which was released a few years ago. TREZOR is now shipping out the pre-orders of its the latest model T. Could you separate these two models? Entering PIN on TREZOR T is much easier because everything is done on device's touchscreen, no more complicated patterns. The same thing goes for passphrases and seed recovery/creation, you don't have to worry about keyloggers which is a huge advantage. I would be grateful if you could change that. If you need more information, feel free to ask!

@Silent26
Hi, a bit of top here, but with good intentions  :)


I see some potential in your thread. Looks very informative and content rich.  
Above I have posted a way of making a menu or rather "table of contents". It could help in user friendliness department of your work.
Hope it will prove itself useful to you. I would also recommend you to add some sort of EULA for your content, example of a license here (https://bitcointalk.org/index.php?topic=990345.0#post_license).

I apologise Sir. I just added it a little while ago. But yes you're right, It's irrelevant to the topic. But I think there's no problem adding this little information since I'm promoting Docademic. But don't worry Sir I removed it already. 

Thanks for this information. I updated the thread.

Actually there are really some reported issues about Jaxx. Some says  it freezes and some functions are not working well. I think these issues keep Jaxx low rated than other application wallets. But it is still a good wallet for some people. It just need a little improvement from the developers.

Yes you are right Sir. But what I have discussed to Trezor is some of its advantages and disadvantages. I didn't include the features and other improvements of the latest Trezor because I thought its unnecessary since I'm just giving some basic and main information about the wallets I provided. My main goal is to atleast give people some ideas about different wallets and its pros and cons. I think the improvements and new features of each wallet is unnecessary. But still,  Thank you for your information Sir. People who read this thread will also find your post helpful.

Hi Sir. Thank you for this. Actually I'm not too related about these ;D but I will study how it works. Thanks for your help. I really appreciate it.

Well, I thought it might be worth mentioning since you wrote "Ledger Nano S" instead of just "Ledger". There was also Ledger Blue but it was discontinued. I still think that it would be a good idea to add this model since it "fixes" the disadvantages of the previous model, but it's up to you. You should also try formatting the whole text, it will look better. Try to bold some of the most important information such as software and hardware wallets definition.

Silent26,you invest some time and research in your thread and there is no doubt that it will be of help for newbies and for some more experienced users.I'm not sure is this thread belongs here or would be more appropriate to be posted in Beginners&Help,but this is up to you and moderator.

Some things I would added/change to your descriptions :

Ledger Nano S is support much more crypto coins then Trezor,and Ledger reputation is not in any case worse then Trezor.

For any online wallet,like Blockchain.info it would be well worth mentioning that this is not a way to store&keep coins for long term.if you not have full control of your private keys-you can lose them anytime.

Another thing that would be worth mentioning is download of any wallets from internet,there is so many attempts of phishing and users often download fake wallets and lose coins in that way.So maybe would be good to add legit link for every wallet which you have described.

I recently got to know about how rich and secured coinomi is. It is not open to the public which is the most important. Difficult for hackers if you don't expose your password & seed. Having numerous wallets for different coins plus support for additional tokens is another advantage it has.

That's a very nice and detailed list of available Bitcoin wallets. But I think you should treat them equally in terms of being open-source or not, as in some wallets you mention it as a benefit, while in other you don't mention it at all. Bitcoin Core, Electrum and Armory are all fully open-source, while most hardware wallets are not fully open-source and exodus isn't either. Open-source is an important aspect of the safety of a wallet, as it allows you to verify whether a wallet is working as described and doesn't include any backdoors.

Several of these wallets I have used. The paper wallet is best for huge amount storage and of course for any amount in long-term. Ledger Nano is user-friendly including newbie. I'm using one of it right now.
If you ask me about web wallet, well I don't prefer them but if I need to use one, I'd prefer blockchain.info.
I use Mycelium and Coinomi where Mycelium is the winner. For PC I prefer Bitcoin core because I have a limited trust level for third-party apps and tools.

Nice and realy helpful our new member to know some advantages and disadvantage of other bitcoin wallet thank you for this thread very helpful and useful. You deserve a merit from me.

Oh ,I just used the name Ledger Nano S because it is the common name called by people to Ledger wallet.  ;D and it is also the name that I saw in some articles that I found. They also called it Ledger Nano S that's why it's the name I also used.
Because of excitement I forgot to use some of the forums functions for formatting text. Thank you for reminding me.

That's a good Idea. Working on it Sir. I will add the links for each of these wallets where it can be downloaded and buy. Actually I really decided to post this thread in this section because, Im thinking that if I posted this in Beginners&Help. There's a possibility that no non-beginners can't find this topic since they don't visit Beginners&Help Sections too much. But it still depends on our Moderators to where this topic really belongs  ;D
By the way. Thank you for adding more informations Sir  ;) I appreciate it so much.

Thank you Sir  :) I'm glad to help you.

the wallet space has a huge opportunities for hardware companies like samsung and toshiba, they could mass produce them cheap w/ high quality.

Thanks for this detailed guide on different types of wallets. I have some doubts about this and hope you can answer:

1) Are hardware wallets allowed on every exchange. I mean I am not using any international exchange but the exchanges available in my country. I do not see any option there to store in physical wallet. I tried searching for tutorials but there is nothing for the specific exchange.

2) If someone steals that physical wallet and I have not written the details, I will not be able to access the coins. Right ?

Well written and well explained too, but regarding hardware wallets, you should include (I guess) some products of ledgerwallet like the nano blue and for the software wallet samourai wallet is nice too, there are many positive feedbacks for this wallet.

Yes, hardware wallets are allowed on any exchange you are only sending cryptocurrencies to the wallet address of the exchange or vice versa and there's nothing to do when sending to any wallet, international exchange or local.

Of course, yes. Once the hardware wallet breaks, steal or lost and you don't have written or save the backup of it then there's no way to recover your funds on that hardware wallet that's why most wallet has an alert to backup the recovery phrase first when using in any type of wallet.

And addition for blockchain.info disadvantages, the wallet is full of bugs.

Good day Sir. I didn't include the Samurai Wallet because the app is still in development. It's still unstable and some bugs may still occur when using it, though Samurai wallet will really become a good wallet in the future since it has so many features. I will add Samurai Wallet once it is fully released.  ;)


Thanks for your greetings Sir. Good comments like these inspired me by making more research and informative posts.
 
Updated. Thank you and sorry, my research is not fully complete. Still missing some informations.

Nice post thank you for this information you share to us, atleast we can choose what wallet that compatible with us. For mow im still using my old wallet but maybe later on i will use another wallet the secure wallet for my bitcoin soon.

If you want to accumulate or for what purposes get Bitcoin, then the easiest way to do this is through exchangers. Choose the exchanger that suits you and buy bitcoins for rubles or dollars.

I am a beginner for me Bitcoin should be kept in the wallet so it will limit the possibility of theft from :) :)

This article is so helpful especially for beginner as well as for for those who wants to know more about the various kinds of wallets that are out there. I am also from the Philippines and I also use Coins.ph. Another advantage of this tupe of wallet is that you can pay your bills in an instant without having to wait in a line and you get a reward from it. Also, it has features such as loading a mobile number that you also get a rebate from it. Thank you so much to the poster of this. It is so informative.

I think it's good to store your Bitcoin into a hardware wallet like the ledger nano. If you don't have a ledger nano, your Bitcoin must be placed into some wallets and not in one address only. Local wallets like coins.ph is not advisable for those who have large amount of Bitcoin because aside from it has a limitations in terms of withdrawals, they also watching the amount of the Bitcoin that come and go into your wallet, you might be suspecting of money laundering and your account on them will be suspended if they will not be satisfied with your credentials provided. So coins.ph is not reliable enough.

For online wallets, blockchain is quite good, just secure it properly and if you can afford a hardware wallet then get one because it's much safer and reliable.

Well, to be honest, this is one of the best post made in this forum with well researched and adding value to the query and this was one of my first questions in this forum when i was at beginner level. According to me the best wallets for Bitcoin or any other coins will be the Hardware wallets especially something like Trezor wallet and i have bought one a few months back and using it on daily basis. I am quite happy with the hardware wallet and other than hardware every other wallet lacks behind.

You have done such a marvelous job. It is very useful for beginner as well as for others also because honestly speaking even I don't have such a vast knowledge. The knowledge you shared is very precious for us. I heard about the many wallet but doesn't have in depth knowledge your research is very helpful to understand the pros and cons of wallets that is very knowledgeable. Even I am planning to buy Trezor wallet that I understood is good to have it.

Using web wallets is a common mistakes which many newbies make. I must admit that they are really convenient to use but they are not secure at all. Blockchain doesn't let you to view or manage your own private key which is later used for signing transactions. Try to use Electrum, Armory or Bitcoin Core if you don't want to spend any money on a hardware wallet or if you are waiting for one to be delivered. Even if your hardware wallet dies, you still will be able to recover your bitcoins using seed given on the first wallet setup. If you really want to use a web wallet then go for GreenAddress.it

Thank you so much i was need ofline bitcoin wallet and i got one now thanks for your help

I use the wallet "electrum", I am satisfied with it completely, I consider it one of the best bitcoin purse

Many many thanks to you Silent26. Hats off for your awesome contributions. It was just awesome to read your article. I have known a lot of your post about Bitcoin wallet. Personally, I am using Hardware and online wallet both. I use Hardware wallet for holding an online wallet for trading.
So, Thank you so much again  8)

Hello,


              I'm from Sri Lanka. I'm starting my crypto life in 2015.Absolutely this is very beautiful filed, I mean this is very interesting work, many smart works in the crypto field, Whatever in 2015 last I started my career.



                                                              * First I learned very well about the crypto field. Then I invest some ICO's after my crypto studying. In 2016 mid I have received my profits and I'm surprised. I only invest 5000$ in 4 ICO's. It's made to me lot of profits. The special one is my 1st ICO is Bitcoin. Wow it awesome, Then I everyday researched Bitcoins news, charts, updates. In this time Bitcoin is most and biggest Crypto coin on the market and it is very public and worldwide coin. Bitcoin has many types of wallets.

These are types of Bitcoin wallets,

                 Hardware wallet
                 Paper wallet
                 Software wallet


 ** These all are very important for all of us...   Thank you!

Wow this post from OP is very detailed and informative. One need to save this page as an offline page and read it anytime you need the information.

Personally I don't have much bitcoins presently, so I use the online wallet for now (coinomi being my best choice till date). But I will love to get my hands on an hardware wallet one of these days.
Good work by OP. Welldone

Yeah, it's very informative especially those newbies who want to have a bitcoin wallet they catch an idea with this thread.
The coins.ph wallet is really good here our country it is now multi-currency wallet there's another option of currency the ethereum currency.
So far so good that wallet and hopefully it will long last not good to store your bitcoin in a long term. Also, blockchain.info is good to use wallet I think this decentralized website.

No, blockchain.info is definitely not a good wallet to start with. It might be user friendly, especially for new people who haven't used cryptocurrencies, but it isn't secure at all. Some people reported problem with disappearing funds from their accounts, even though they had separate password for their service. A lot of people are complaining about high fees, I wouldn't use it for long-term investments. If you are looking for a wallet which you could use on your mobile phone then there are many good alternatives which at least gives you your private key or seed.

Wow, its been a long time since I last visited this thread as I'm contributing in Meta Section for most of the time, I read all of your replies and I'm surprised when I saw those good comments from you guys. I can't believe that you liked my thread and leave positive feedbacks. I'm not going to quote every reply of you guys but it's my pleasure to tell you this, you are all welcome and I'm glad that somehow, I helped you guys out.

I really wish that my thread helped you, and not just helped you about Bitcoin wallets but also gave you all inspiration to create a good quality of post so that I'm the one who will be able to cherish your posts someday.

All of you also gave me inspiration to post more informative, unique, and quality post in the future. I know I'm still not good enough but I will try to improve my post more. I thank you all for your inspiring replies.

Best Regards
~Silent26

Bitcoin wallet is like a conventional account use to keep bitcoin. It can be related by Local bank accounts that holds local money
and can be withdrawn or deposited like conventional money from the wallet. Can be directly traded with directly without third party interfernce.

Bitcoin wallets are the electronic wallet which is created by the peoplw to provide a high reasonable assurance that their money will be keep and safe.
Through this wallets you are rest assured that all investments you have are in the right hand.

Bitcoin, unlike most traditional currencies, is a digital currency. Thus, the approach to this kind of currency is completely different, particularly when it comes to acquiring and storing it. As Bitcoins don’t exist in any physical shape or form, they can’t technically be stored anywhere. Instead, it’s the private keys used to access your public Bitcoin address and sign for transactions that need to be securely stored. A combination of the recipient’s public key and your private key is what makes a Bitcoin transaction possible.

A Bitcoin Wallet is a piece of software to be use to communicate with bitcoin network. It is use to send or to receive transactions. Every bitcoin account has a public address, just like an email address and private key or password . We use public address to send or receive money. On the other hand we must protect our private key and never reveal it from anybody. If someone knows your private key they can steal your bitcoins and send it somewhere else. 

All Bitcoin online wallets are divided into 2 groups:

Hybrid (with multi-signature). In this case, the service has limited access to your Bitcoins. In order to confirm the transaction, you need the signature of two parties: yours and the service. Such wallets are more reliable than traditional ones, but the user will have to store a private key on his device.
The keys are stored by the service. These purses, in turn, are divided into 2 groups:
Exchange. About the exchange, I'll write in one of my articles. So far, I can only say one thing: exchanges are created for the exchange of crypto currency, and not for the storage of Bitcoins. Therefore, withdraw all available funds from exchanges to purses.
Traditional wallets. These are online services that store your keys at home, giving you only backup copies.

A bitcoin wallet is an online wallet and this is the one that uses of all the user here. Actually the famous wallet that we use is Coins.ph because this wallet can make us comfortable because it is so secured and safe. There are some verification for this wallet so I can say that this is the best wallet for bitcoin.

Entrepreneurs will be happy to know that Electrum already has support for checks, or invoice, their list will appear in your wallet as soon as you make payment for the first check, on the "Send" tab. If you are tempted to use Bitcoin for calculations in a store or a supermarket, and not in dOrknet, you can get a powerful enough "cryptographic temporary signature" tool for all checks - at your disposal. A chip for marketing, slave control or accounting? You decide!

I use blockchian.info for the coin that it supports, I'm not entirely satisfied but it allows me to use it anytime, anywhere!

Its a good topic for newbie before start invest to bitcoin. Very few topics that discuss in detail about bitcoin wallet...im appreciated for this topic  ;D . I am a little suggest, for now please be careful with the exchange and wallet applications on smartphones, because now start circulating phishing applications on smartphones that will steal all your secret data

OP, please stop calling people Sir. The formalities are not necessary, because we are all equal here.  ;) {There are also a lot

of ladies on this forum}  ;D Your coverage of hardware and software wallets are detailed, but the information about the most

secure option {Paper Wallets} is unfinished. I would like to add --> https://www.bitaddress.org/ as one of the paper wallet

generators, if I may.  ;)

Best bitcoin wallet ever is bitcoin core, despite the taking big disk space.
If you want use online wallet, with this success you can use exchange wallets

I am using blockchain wallet. I think it is enough secure and convenient, let me control my private keys and custom fees.

Actually, using bitcoin wallet from phone is as safe as using any other wallet in computers. Its only up to the user how to take care of his/her wallet. Some people are just too careless. Sometimes, they accidentally give their private keys to other people or public and some people are just too dumb to give information to a unknown person asking for his/her wallet password or private keys.

I am one example of people who take care of their wallet so much. I only used a mobile bitcoin wallet app and I have no problem using it at all.  

Tips.
To avoid phishing. Don't just click untrusted or suspicious link sent via Pm by a unknown person, also suspicious links that you can see on internet. I'm pretty sure that phishing sites are scattered everywhere.
If you really want to open a particular link, try to open it using different web browser where there is no account logged in. You can use incognito browsers, it is much way better.

Yeah, newbies should learn some or the basic information about bitcoin wallets too. I will move this thread to Beginners&Help section if I have to. Thanks for the appreciation :)

Sorry for that, but I really used to call other people Sir/Ma'am. My basis of calling Sir and Ma'am depends on their name. Its my way of showing respect, although we are all equal as our identity are also anonymous, I still respect other people as I respect you :)

Thanks for the additional information, I will add it later  ;)

Well I am agree with your point of view but if we talk about safety manures then every wallet have good history of been used, as you said coin. ph must be good for you as you had an extra ordinary experience with it, to me there are a lot of wallets that we can use, we can use coin base, Trion, we can use blockchain, I personally believe in blockchain because it is safe and secure for using, as can easily use it to save our uncountable bitcoins.

Many many thanks for your awesome sharing. Actually, I am searching a great article about Bitcoin Wallet. Finally, I got it from your post. I think this will be very useful for all who want to know about Bitcoin Wallet. There are a lot of wallets. But which are the best? I think your information will help to find out the best wallet. Thanks a lot again.

CoinBase: The excess Wallet Coinbase lies in its features as well, there are many features, namely: Vault (Vault), Vault is a vitur where if we want to safely store the bitcoin without feeling anxious, then this feature is the right choice, by inserting the vault wallet in coinbase, we can sleep soundly without having to fear our coinbase account in the hack, Why is Vault wallet safe ??
Because here a lot of verification system if we want to memwithdraw bitcoin, if we do withdraw in vault wallet, then we have to pass the stages that is, 2 factor verification can be through sms, and authy code. after that we still have to wait 2x24hours, or 2days 2nd night, if it is not you who withdraw it is sure you will be able to cancel at the withdraw, if you login on 1 day after withdraw by our wallet breaker.

Bitcoinwalleteplaces bitcoin addresses with your name. We are the easiest to use and most secure bitcoin wallet service.

Great efforts to explain types of wallets to the newbies who are confused while taking the decision to choose their wallet. I am a great fan of offline wallets and I am using a paper wallet (with multiple backup copies) to store my main cold storage funds and then I also have Trezor wallet for flexible funds and then I use web wallet for liquidity purpose but never keep more than 5% funds online.

Bitcoin is a cryptocurrency and worldwide payment system. It is the first decentralized digital currency, as the system works without a central bank or single administrator and released as open-source software. Bitcoins are created as a reward for a process knows as mining. They can be exchanged for other currencies, products, and services.

Good job you @silent26 for this extensive and detailed post. I really like the Nano wallet as my best offline wallet. And I do use the blockcain wallet as my online wallet. I protect my keys and details to avoid being hacked because anything that happens is in my hand. I think there is need for a wallet that will allow bitcoin fork coins to be received.

Hi guys, thanks for finding my thread helpful. This is an old post of mine and I can't believe that there are still some people that are being enlightened and helped by this simple thread of mine. Thanks for your good comments.
Glad you liked it :)

Such information like this is very precious to bookmarked. Many newbie like me will need it.
My favorite wallet above all is ledger nano. It is very easy to find, and the best wallet for security reason.

Yes you recently know about how rich and safe coinomi. It is not open to the most important public. It's hard for the hacker if you do not expose your seed password. He really appreciates your work to provide explanations that may be needed by the information seeker, and maybe some things from the questions that may be unclear. passion for enlightenment.

thankyou sir for this for other wallets for the bitcoin i think more people you help for this more people have walllet bacause for this thankyou a lot. And i hope so more people you helped because of this.

I love the crypto community and this forum, it gives a lot of useful information that gives us an additional opportunity to learn something new, modern, technological. Thanks to people who make this information more accessible and structured.

assets and savings results investing a good and safe place to keep assets and savings in order to stay awake and secure as a result of our bitcoin assets we can use im tokens.

im tokens is a useful place to keep and save our assets or savings after we get the result of us working on investment as we invest in bitcoin it also needs to use wallet or im token.

Bitcoin has different wallets, you can use the offline wallet as well as online wallet If you talk about online wallets than I think Blockchain and coinbase are the best and valuable wallets for storing saving bitcoins,

can you explain , how to using paper wallet crypto ? or you can give me link URL for read.
I want to read about paper wallet bitcoin for learning again.

Use the trezor and chill.

I think the best Wallets for Bitcoin are Blockchain Wallet and Coin base wallet is good, There are most frequent in term of transactions and in other, these are most demandable and easy to use,

Hi Cimmy_revenger, here are some links that will help you to learn more about paper wallets.
I've just searched this on Google.

• Paper wallets guides: How to protect your cryptocurrencies.
   (https://blockgeeks.com/guides/paper-wallet-guide/)
• How to make a paper wallet (https://www.coindesk.com/information/paper-wallet-tutorial/)
  
• How to make a paper wallet 2 (https://coinsutra.com/make-bitcoin-paper-wallet-spend-bitcoins/)
  
• How to sens Bitcoins (https://www.google.com.sg/amp/s/99bitcoins.com/know-more-send-from-paper-wallet/amp/)

Hope it helps.