|
Title: Which is best Bitcoin wallet? Other than hardware Post by: coinfunda on May 15, 2019, 03:41:40 AM Hi,
Which is the best wallet for long term Bitcoin holding other than hardware wallets. Title: Re: Which is best Bitcoin wallet? Other than hardware Post by: mk4 on May 15, 2019, 03:44:42 AM There is no "best" bitcoin wallet. It's pretty much down to personal preference.
What I suggest you would do, is to check out the reputable bitcoin wallets we have right now, test them out yourself, and choose the one that you personally like. I have some wallets listed on my site(shameless plug): https://coinsources.io/bitcoin/. Just scroll down a bit to the Wallets section. Title: Re: Which is best Bitcoin wallet? Other than hardware Post by: rosezionjohn on May 15, 2019, 04:08:59 AM I guess you are asking for more secure bitcoin wallets, you may choose paper wallets then if you don't like hadwares.
There's a topic here that enumerates all the different wallets, you may want to read and learn from it https://bitcointalk.org/index.php?topic=1631151.0 Title: Re: Which is best Bitcoin wallet? Other than hardware Post by: edisystem on May 15, 2019, 04:12:52 AM Hi, Which is the best wallet for long term Bitcoin holding other than hardware wallets. How long you will hold for your bitcoins? If it's for years then just choose hardware wallets, it's more safety for your coins or dekstop wallet like Electrum. Tbh i'm not recommend online wallet if you want to hold bitcoins for long term. Title: Re: Which is best Bitcoin wallet? Other than hardware Post by: Astvile on May 15, 2019, 04:25:18 AM There are no ranking on what is the best or top bitcoin wallets it all depends upon a user,me I can recommend you storing at blockchain wallet.Why? ive been using it for 2 years no breacha all safe fast transactions and user friendly wallet
Title: Re: Which is best Bitcoin wallet? Other than hardware Post by: iqlimasyadiqa on May 15, 2019, 04:28:13 AM I recommend electrum as the best wallet for bitcoin. wallet with many features so that the security of wallet assets that we have can be much more awake. many wallets try to display this, but that electrum still gives a difference and in my opinion it is excess electrum compared to other wallets.
Title: Re: Which is best Bitcoin wallet? Other than hardware Post by: n0ne on May 15, 2019, 04:47:08 AM It is all about the users, there is nothing as the best wallet. I personally prefer electrum for instant transactions as it gives the convenience of using it through mobile. Other than this I prefer blockchain wallet, though it is an online wallet it looks promising as I haven't come across any issues and once caught into the hands of a commonmen. This happened when someone entered my Gmail accidently, but they were not aware of it. I got the notification and suddenly restricted.
Title: Re: Which is best Bitcoin wallet? Other than hardware Post by: Ailmand on May 15, 2019, 05:16:54 AM It depends on the users preference. For me storing your bitcoin online is not secured because there's a chance that it might get hacked or someone might have gain acceas on your credentials. Most of the people who are into crypto woukd prefer using blockchain wallet since it's easy and convenient to use. Just make sure to be cautious when storing your crypto online.
Title: Re: Which is best Bitcoin wallet? Other than hardware Post by: xvids on May 15, 2019, 07:07:22 AM I guess you are asking for more secure bitcoin wallets, you may choose paper wallets then if you don't like hadwares. Yes you really should read the thread to know what would suit you best ,There's a topic here that enumerates all the different wallets, you may want to read and learn from it https://bitcointalk.org/index.php?topic=1631151.0 It already have a complete informations on wallet so goodluck finding the right wallet for you. And I would agree paper wallet would be the second best wallet if you wouldn't want to use a hardware wallet. Title: Re: Which is best Bitcoin wallet? Other than hardware Post by: pakhitheboss on May 15, 2019, 09:24:24 AM All wallets are good if they are not connected to the internet. If you planning to HODL for more than year than I recommend you to used paper wallet. You can also check Atomic wallet, it comes for both desktop and mobile. I have been using both for quite sometime and have not faced any problem. Always remember to generate Backup your wallet that you will use to store your assets and keep the backup Seed words somewhere safe.
Title: Re: Which is best Bitcoin wallet? Other than hardware Post by: Nolimitz84 on May 15, 2019, 10:44:07 AM Hi, Personally, I have been using wallet a long time ago https://www.blockchain.com/ (https://www.blockchain.com/).In principle, problems with him never had.But still, if you plan to store Bitcoin for a long time, it is still better to use a hardware wallet.Which is the best wallet for long term Bitcoin holding other than hardware wallets. Title: Re: Which is best Bitcoin wallet? Other than hardware Post by: wambowambo on May 15, 2019, 11:34:00 AM Hi, Which is the best wallet for long term Bitcoin holding other than hardware wallets. The best Bitcoin wallet depends on the user so I think, there is no really general best Bitcoin wallet for the fact that all people do have different preferences on choosing their wallet which is good for storing their cryptocurrencies not just Bitcoin but also other cryptocurrency. All wallets do have their unique features that fits the different needs and wants of the people. So people are the ones who choose their wallets which fits to their needs and conclude that it is the best wallet to store up their Bitcoins. Well in my case the best Bitcoin wallet for me is the wallet that is generated by our country which suits all my needs compacted in one wallet wherein I can also store up BCH, XRP, and ETH. Title: Re: Which is best Bitcoin wallet? Other than hardware Post by: Mike Mayor on May 15, 2019, 12:20:31 PM Hi, Which is the best wallet for long term Bitcoin holding other than hardware wallets. If you going to do longterm hodling you going to need a hardware wallet. Don't try to cut corners you will hurt yourself. You going to invest that much time in hodling then you can afford a decent wallet. I know your question was meant to not include hardware wallets as part of the answer but you asking something like "what kind of tires should I put on my car if I don't want to spend a lot of money" some things you just don't skim in life, it just isn't worth it. But if you want to risk your crypto just to save less then $100 then you, not a serious investor. I would use electrum wallet. Title: Re: Which is best Bitcoin wallet? Other than hardware Post by: MonsterV on May 15, 2019, 01:17:42 PM So far electrum is the best wallet I've ever met, you can visit the site https://electrum.org/.
Electrum also supports multiple addresses, so you don't have to worry about transaction fees. And the safety of electrum itself has so far been very good and no doubt. Title: Re: Which is best Bitcoin wallet? Other than hardware Post by: Haunebu on May 15, 2019, 01:20:49 PM Hi, Which is the best wallet for long term Bitcoin holding other than hardware wallets. If you going to do longterm hodling you going to need a hardware wallet. Don't try to cut corners you will hurt yourself. You going to invest that much time in hodling then you can afford a decent wallet. I know your question was meant to not include hardware wallets as part of the answer but you asking something like "what kind of tires should I put on my car if I don't want to spend a lot of money" some things you just don't skim in life, it just isn't worth it. But if you want to risk your crypto just to save less then $100 then you, not a serious investor. I would use electrum wallet. If it is a large amount, hardware wallets(Nano X etc) or paper wallets should do the job as you mentioned. Title: Re: Which is best Bitcoin wallet? Other than hardware Post by: Muzika on May 15, 2019, 02:17:37 PM Hi, Which is the best wallet for long term Bitcoin holding other than hardware wallets. you can look for coinbase wallet for long term holdings, if you want to hold your bitcoins and can store to your mobile phone you can use mycelium, while the other says if you want to store it to your desktop you can use electrum they had a good security for your holdings. Title: Re: Which is best Bitcoin wallet? Other than hardware Post by: MiguelCryptoss on May 15, 2019, 02:24:19 PM Hi, Which is the best wallet for long term Bitcoin holding other than hardware wallets. The most secure wallet is hardware or preferably paper wallet but thsi depends on the individual involve in the storage. Protecting wallet against hacks are the sole responsibility of the holder. Whatever wallet an individual uses and protect to me looks good as best, so, protecting the wallet make it the best. Title: Re: Which is best Bitcoin wallet? Other than hardware Post by: pushups44 on May 15, 2019, 02:31:42 PM Hi, Which is the best wallet for long term Bitcoin holding other than hardware wallets. There is the traditional bitcoin core client, but it can take a long, long time to download the entire blockchain. I have had pleasant experiences with GreenAddress and Jaxx, but I recommend you store the passphrase in case your software crashes or your computer becomes inoperable. Storing the passphrase in a safe place is critical. Title: Re: Which is best Bitcoin wallet? Other than hardware Post by: bob123 on May 16, 2019, 07:13:38 AM Personally, I have been using wallet a long time ago https://www.blockchain.com/ (https://www.blockchain.com/). you can look for coinbase wallet for long term holdings Are you guys really suggesting to use a web wallet for long term storage ? This is probably the worst of all possible ideas.. I have had pleasant experiences with GreenAddress and Jaxx Jaxx is not good either. Jaxx doesn't protect your private keys at all. Once, someone gains access to your computer, your funds will be gone. @OP If you want to hold your coins long-term, without accessing them frequently and don't want to use a hardware wallet, you should either use a dedicated offline device (e.g. old laptop / computer) or a paper wallet. Long term storage doesn't require your wallet to be connected to the internet at all. It is way more secure if you store it completely offline. You don't even need to create a 'traditional' paper wallet (which can be quite tricky to spend from regarding change addresses etc.). My suggestion would be:
Then you'll have your 12 word mnemonic code which can always create the necessary private keys to spend from your addresses. If you want to access them, simply again use a live linux distro + electrum with your backed up mnemonic code. You won't have to worry about change addresses because they are included in your seed (derived from the 12 word mnemonic). Note, that you don't have to actually use electrum. You could also use any BIP39-compatible wallet (for more compatibility in the future). Even though electrum does not generate BIP39 mnemonic codes, you will still be able to always derive the seed from the mnemonic. Even if electrum doesn't exist anymore by then. Title: Re: Which is best Bitcoin wallet? Other than hardware Post by: odeskpawan on May 16, 2019, 08:15:50 AM Hi, Which is the best wallet for long term Bitcoin holding other than hardware wallets. There is no such thing as “the best bitcoin wallet.” But undoubtedly, hardware wallets are a great option. But if you don’t want a hardware wallet, you can consider paper wallets. In the paper wallet, you print out a sheet of paper with your private and public keys, which is stored in the form of QR code. Also, these wallets are not connected to the internet that protects it from hacker theft. Also, you can refer to this guide here “Choosing the right digital wallet to store your cryptocurrency.” It will surely help you. https://www.altcoinsidekick.com/bitcoin-basic-blog/choosing-the-right-digital-wallet-to-store-your-cryptocurrency Title: Re: Which is best Bitcoin wallet? Other than hardware Post by: Lucius on May 16, 2019, 09:47:39 AM coinfunda, since you ask for long term holding this should mean that you have or want to buy some bitcoin and forget on it for few years. I am not sure why the hardware wallet is not option, but I guess it is because of price. Although the prices have dropped fairly in comparison to a year ago or two, for some users even $50 is still too expensive. But if you invest a few hundred dollars in BTC, investment of $50 in security should not be a problem.
If you still want some solution for free, any desktop wallet will serve the purpose, you only need to pay attention what you downloading and from where. Most wallets are safe, but problems is in users who not use them in the correct way. Title: Re: Which is best Bitcoin wallet? Other than hardware Post by: ZenGo on June 25, 2019, 11:43:43 AM An option you could consider is ZenGo (https://www.zengo.com/)
Zengo is the first wallet based on threshold cryptography. ZenGo eliminated the need for a private key while still remaining non-custodial. Mashable (https://mashable.com/article/zengo-cryptocurrency-wallet/) just covered the wallet. Title: Re: Which is best Bitcoin wallet? Other than hardware Post by: bob123 on June 25, 2019, 12:12:32 PM An option you could consider is ZenGo (https://www.zengo.com/) Zengo is the first wallet based on threshold cryptography. ZenGo eliminated the need for a private key while still remaining non-custodial. What the hell is this approach... That's even worse than a web wallet. Quote from: https://zengo.com/security/ With no single point of failure So many points of failure.. ::) Quote from: https://zengo.com/security/ Backing up your wallet is just as simple. An encrypted copy of your device share is stored on the ZenGo server, and the decryption code is stored separately in your personal iCloud account. Only with your 3D biometric face map can you access the encrypted share. I really can't believe what i am reading here.. So.. both of the 2 necessary secrets are on your server. The decryption key is also stored online. And oh.. i forgot.. the bio-metric features of a mobile phone are sooo secure. You guys realize that most of them can be circumvented by holding a printed image in front of the camera ? I would NOT recommend to use that wallet. The whole concept is flawed. Title: Re: Which is best Bitcoin wallet? Other than hardware Post by: ZenGo on June 25, 2019, 12:32:07 PM An option you could consider is ZenGo (https://www.zengo.com/) Zengo is the first wallet based on threshold cryptography. ZenGo eliminated the need for a private key while still remaining non-custodial. What the hell is this approach... That's even worse than a web wallet. Quote from: https://zengo.com/security/ With no single point of failure So many points of failure.. ::) Quote from: https://zengo.com/security/ Backing up your wallet is just as simple. An encrypted copy of your device share is stored on the ZenGo server, and the decryption code is stored separately in your personal iCloud account. Only with your 3D biometric face map can you access the encrypted share. I really can't believe what i am reading here.. So.. both of the 2 necessary secrets are on your server. The decryption key is also stored online. And oh.. i forgot.. the bio-metric features of a mobile phone are sooo secure. You guys realize that most of them can be circumvented by holding a printed image in front of the camera ? I would NOT recommend to use that wallet. The whole concept is flawed. The necessary secrets are split between the user’s device and ZenGo’s servers. It’s not correct that both are stored on the server. If either the server or the device is hacked or lost, the funds remain secure. I'll say this again, even if someone hacked ZenGo’s server, the user would stay protected. There is no single point of failure. The biometrics are based on ZoOm (https://www.zoomlogin.com/) technology. It’s extremely secure. A printed picture is completely ineffective as it fails to pass the liveness. Even 3D masks are ineffective. Title: Re: Which is best Bitcoin wallet? Other than hardware Post by: bob123 on June 25, 2019, 12:43:33 PM The necessary secrets are split between the user’s device and ZenGo’s servers. How can you claim that the user does not have to store/protect a 'private key' (which basically just is sensitive information) if in your concept the user has to store and protect a 'mathematical secret' (which serves as sensitive information). That's basically the same. Each wallet has to store sensitive information. Your concept just creates more security flaws than it solves. It’s not correct that both are stored on the server. Well.. your website says the following: Quote from: https://zengo.com/security/ An encrypted copy of your device share is stored on the ZenGo server, and the decryption code is stored separately in your personal iCloud account. So.. one of you is lying.If either the server or the device is hacked or lost, the funds remain secure. No. That's not true. If the device is hacked or lost, the attacker can simply start a transaction. All he needs to do that is 1) the shared secret and 2) biometric data. Both can be found on the mobile. The data of the fingerprint is stored on the mobile. The same applies to the shared secret. I'll say this again, even if someone hacked ZenGo’s server, the user would stay protected. Which makes it as secure as a web wallet (in this specific case only). Your concept only creates downsides. A standard mobile wallet is - by far - more secure. By design. Title: Re: Which is best Bitcoin wallet? Other than hardware Post by: ZenGo on June 25, 2019, 03:06:04 PM How can you claim that the user does not have to store/protect a 'private key' (which basically just is sensitive information) if in your concept the user has to store and protect a 'mathematical secret' (which serves as sensitive information). That's basically the same. Each wallet has to store sensitive information. Your concept just creates more security flaws than it solves. You are right. Well nearly. Some sensitive information is definitely saved on the client side. But it’s not the full information, meaning that stealing it does not allow the hacker to spend it. (unlike private key) Well.. your website says the following: Quote from: https://zengo.com/security/ An encrypted copy of your device share is stored on the ZenGo server, and the decryption code is stored separately in your personal iCloud account. So.. one of you is lying.It’s encrypted by the client and stored encrypted on the server. The server cannot access it. No. That's not true. If the device is hacked or lost, the attacker can simply start a transaction. All he needs to do that is 1) the shared secret and 2) biometric data. Both can be found on the mobile. The data of the fingerprint is stored on the mobile. The same applies to the shared secret. For starters, with our solution the attacker must spend the money through our services which gives us another point of intervention. Secondly, getting past Apple authentication is not easy, as shown with the FBI-Apple case https://en.wikipedia.org/wiki/FBI%E2%80%93Apple_encryption_dispute (and most attackers are not FBI grade) Which makes it as secure as a web wallet (in this specific case only). Your concept only creates downsides. A standard mobile wallet is - by far - more secure. By design. Our solution makes the attacker mission much harder: Instead of needing to 1 piece of secret information, they now need to get 2 pieces of secret information stored in different places. Of course, once they get 1 piece then they need the other piece. This is the same as claiming multiSig is irrelevant because when you steal one key, then it’s not multisig and you need just one extra key. Btw if you want to try for yourself we have a fun security challenge with 1BTC for you if you manage to get in. And we make it very easy for you to get in. https://zengo.com/the-zengo-challenge-win-1-btc-and-prove-us-wrong/ We invite you to try it. Also check out our github, all the cryptography is open source... Title: Re: Which is best Bitcoin wallet? Other than hardware Post by: bob123 on June 26, 2019, 07:31:58 AM You are right. Well nearly. Some sensitive information is definitely saved on the client side. But it’s not the full information, meaning that stealing it does not allow the hacker to spend it. (unlike private key) [..] Our solution makes the attacker mission much harder: Instead of needing to 1 piece of secret information, they now need to get 2 pieces of secret information stored in different places. Of course, once they get 1 piece then they need the other piece. If an attacker gains full access to the mobile, he can spend the funds (just like with private keys stored on a mobile wallet). Biometric data (e.g. fingerprint) is stored on the mobile. Together with the shared secret, that's all one needs to initiate a transaction using your server. So.. in the end it again comes down to only the security of the mobile. It’s encrypted by the client and stored encrypted on the server. The server cannot access it. But it IS stored online. And that's a huge problem already. This is the same as claiming multiSig is irrelevant because when you steal one key, then it’s not multisig and you need just one extra key. With multisig (and someone i know holding the second key out of a 2-of-2 multisig) an attacker can not simply steal my mobile with one of the keys and initiate a transaction by claiming he is the real person. Your server (i.e. with fingerprint) does exactly this.. I steal a mobile, initiate a transaction using the shared secret and the fingerprint data on the mobile.. and your server happily signs it. Title: Re: Which is best Bitcoin wallet? Other than hardware Post by: ZenGo on June 26, 2019, 08:41:29 AM You are right. Well nearly. Some sensitive information is definitely saved on the client side. But it’s not the full information, meaning that stealing it does not allow the hacker to spend it. (unlike private key) [..] Our solution makes the attacker mission much harder: Instead of needing to 1 piece of secret information, they now need to get 2 pieces of secret information stored in different places. Of course, once they get 1 piece then they need the other piece. If an attacker gains full access to the mobile, he can spend the funds (just like with private keys stored on a mobile wallet). Biometric data (e.g. fingerprint) is stored on the mobile. Together with the shared secret, that's all one needs to initiate a transaction using your server. So.. in the end it again comes down to only the security of the mobile. So you are assuming here that the attacker will by bypass the user device biometric and find a way around the device biometrics and that the owner during that time will not notice his device is not available. Is that reasonable? What you described is also valid with a hardware wallet stolen from you. The attacker will also need the pin and, just like on a mobile device, will be locked out after a few trials. Finally, we are introducing soon additional protection to cover exactly that case. I want to draw your attention to the fact that unlike hardware wallet there is no back up that can be stolen by an attacker and result in the loss of funds. It's better to look at the security set up from all angles. It’s encrypted by the client and stored encrypted on the server. The server cannot access it. But it IS stored online. And that's a huge problem already. Why is that a problem exactly? the file is unusable and unreadable. What exactly could we or anyone do with it? This is the same as claiming multiSig is irrelevant because when you steal one key, then it’s not multisig and you need just one extra key. With multisig (and someone i know holding the second key out of a 2-of-2 multisig) an attacker can not simply steal my mobile with one of the keys and initiate a transaction by claiming he is the real person. Your server (i.e. with fingerprint) does exactly this.. I steal a mobile, initiate a transaction using the shared secret and the fingerprint data on the mobile.. and your server happily signs it. Yes indeed. Multisig can help you the way you describe. That said, anyone with access to one of the multisig keys can impersonate who you think he/she is and you will validate the attacker transaction. On ZenGo only the owner can access his funds. You are assuming here you will be able to "steal the secret" from the phone. How will you be able to do that exactly? By the way if you are so confident in your ability to hack ZenGo, we provide you all account access and even the picture to an account that holds 1BTC. :P https://zengo.com/the-zengo-challenge-win-1-btc-and-prove-us-wrong/ To be compared with a hardware wallet where the Backup/Mnemonic would be provided. Are you ready to share yours? Title: Re: Which is best Bitcoin wallet? Other than hardware Post by: CryptoInsights on June 27, 2019, 08:47:11 AM There is no "best" bitcoin wallet. It's pretty much down to personal preference. Exactly! Also, it all depends on one's requirements. If a person is looking for a wallet just to store temporarily with the main motive being trading then an online wallet would be the best choice as trading by using cold storage wallet can be a bit troublesome.If safety is the main priority then I'd recommend you to go for cold storage, preferably the hardware one. They're the safest wallet out of all the others. Title: Re: Which is best Bitcoin wallet? Other than hardware Post by: Pmalek on November 30, 2019, 02:48:28 PM Shill your Taki waki network or whatever it is called somewhere else, not in the Bitcoin boards. Nobody cares about that here.
All the above accounts who posted in the space of a few minutes were created on the same date, a few minutes apart and the few posts they have are mostly Taki waki network shills. |