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Alternate cryptocurrencies => Altcoin Discussion => Topic started by: arifinislam7777 on January 18, 2021, 03:52:26 PM



Title: which is best for bitcoin wallet?
Post by: arifinislam7777 on January 18, 2021, 03:52:26 PM
dear all member

which is the best for bitcoin wallet.


pls commant.



Thanx in advance.




WBR
arifinislam7777


Title: Re: which is best for bitcoin wallet?
Post by: Handsome Boy on January 18, 2021, 09:32:02 PM
dear all member

which is the best for bitcoin wallet.


pls commant.



Thanx in advance.




WBR
arifinislam7777
If I personally would suggest you to use Electrum wallet, because I have used it myself and it is very easy to use, so you will feel comfortable using Electrum wallet and of course as long as I use Electrum wallet, then I have never had any problems or error in Electrum wallet, so I'm sure Electrum wallet is safe to use as our Bitcoin wallet.


Title: Re: which is best for bitcoin wallet?
Post by: tabas on January 18, 2021, 09:44:38 PM
  • Electrum
  • Wasabi
  • Bitcoin core
  • Ledger wallets
  • Trezor wallets

With bitcoin core, you have to download the whole network while in Electrum, you don't have to and it's the most common Bitcoin wallet which is easy to use. In hardware wallets, these two are the most preferred HWs for long term keeps. For other wallets that haven't been mentioned, https://bitcoin.org/en/choose-your-wallet


Title: Re: which is best for bitcoin wallet?
Post by: krisnajsadrak on January 18, 2021, 09:56:16 PM
personally i  use ledger to store my cryptocurrency for long term, because ledger isn't only for bitcoin but you can store your altcoins in ledger
and i have no issue with ledger, but the OP need to buy this kind of hardware wallet


Title: Re: which is best for bitcoin wallet?
Post by: nelson4lov on January 18, 2021, 09:57:04 PM
In addition to @tabas suggestions, I recommend you also try out Mycelium wallet. I have been using the wallet for a while now and it's actually my primary Bitcoin wallet. In the time I've used it, I have had any problems with it so it's a recommendation from me. Also, it supports most of the basic tools you would need from a Bitcoin wallet, keys, signatures and even supports SegWit transactions. Check out Electrum too. Haven't used it but heard it's good.


Title: Re: which is best for bitcoin wallet?
Post by: bitkanu on January 19, 2021, 01:01:52 AM
I just vote for trezor or exodus wallet. I have been using these wallets for a few years ago and everything went smooth. You can also try to download the exodus desktop wallet. You can also use it to store the various crypto too.


Title: Re: which is best for bitcoin wallet?
Post by: Evilish on January 19, 2021, 01:48:17 AM
I can't say which wallet is the best, it will vary from person to person. Personally, I use Electrum Desktop and BlueWallet iOS for regular use and Coldcard wallet for cold storage.

I find this to be the best combination for my use case.


Title: Re: which is best for bitcoin wallet?
Post by: pakhitheboss on January 19, 2021, 06:08:06 AM
There are few recommend wallets that have been mentioned in the comments. I personally use two wallets one for day to day transaction and the other one for holding.

For day to day transaction I prefer mobile based Bitcoin wallet. I prefer using Mycelium and the reason is ver simple it allows me to check, select and edit the transaction fee.

For holding I prefer using Wasabi desktop wallet because of the privacy feature.

You also need to choose a wallet depending on the feature that suits your requirement. Do remember to always create a backup of your wallet.


Title: Re: which is best for bitcoin wallet?
Post by: reza7777 on January 19, 2021, 04:31:16 PM
Many wallets for storing crypto assets, I also use some like Electrum and Ledger, actually using a wallet is not choosing the best but how do you maintain it properly ;)


Title: Re: which is best for bitcoin wallet?
Post by: adzino on January 19, 2021, 04:48:26 PM
There are multiple types of wallet and you should choose once that suits your needs the most. Whenever you use a wallet, make sure you (and only "YOU) have access to the private keys. Remember, if you don't have the keys to your wallet, the coins aren't yours! Try to avoid online wallets and don't make a mistake using exchanges as a wallet to store coins.
You should visit this thread and have a read: https://bitcointalk.org/index.php?topic=1631151.0 
Make sure you go through the discussion as you will get better understanding of how different kind of wallets work and which ones your should "definitely" avoid!


Title: Re: which is best for bitcoin wallet?
Post by: Rowenta on January 19, 2021, 05:11:06 PM
dear all member

which is the best for bitcoin wallet.


pls commant.



Thanx in advance.




WBR
arifinislam7777
Electrum wallet and others like it have upper hand because they are fully open source, it's highly recommend for newbies buy if you want Bitcoin and other altcoins in one single wallet package the best I can introduce is trust wallet


Title: Re: which is best for bitcoin wallet?
Post by: Rowenta on January 19, 2021, 05:12:20 PM
dear all member

which is the best for bitcoin wallet.


pls commant.



Thanx in advance.




WBR
arifinislam7777
Just make sure you store your private key or recovery seed in a safe place only known to you, private keys must not be shared with any other person, it must be known to you only, safe guide it like your ATM card and bank details


Title: Re: which is best for bitcoin wallet?
Post by: Indymoney on January 19, 2021, 05:13:56 PM
dear all member

which is the best for bitcoin wallet.


pls commant.



Thanx in advance.




WBR
arifinislam7777
Currently for all newbies and old members Electrum is best as its very easy to use have some better features as well just keep seed safe no other issue because its very important for your funds security best thing your keys your funds.


Title: Re: which is best for bitcoin wallet?
Post by: PerfectCircle on January 19, 2021, 05:32:11 PM
Which ever crypto wallet you decide to use make sure it's not online wallet that ask you to log in with email and password, they are called centralized wallets and they don't give users their private keys, If such company goes down tomorrow you won't be able to have access to your coins


Title: Re: which is best for bitcoin wallet?
Post by: tabas on January 19, 2021, 11:56:42 PM
There are two wallet options that you can use for Bitcoin, the first is Bitcoincore in the form of an application, and the second is Blockchain.com in the form of a website, these two options are what I have used for a long time now, because they are really safe and comfortable when used.
Blockchain.com is giving users some bugs and bad experience. It's better to choose those wallets that I've mentioned above instead of a web wallet like this.
But if you're using it for a long time and you haven't experienced and met any problems from doing it, you're a lucky guy unlike the others who have expressed their dismay through using that wallet.


Title: Re: which is best for bitcoin wallet?
Post by: X-ray on January 20, 2021, 04:43:40 AM
Which ever crypto wallet you decide to use make sure it's not online wallet that ask you to log in with email and password, they are called centralized wallets and they don't give users their private keys, If such company goes down tomorrow you won't be able to have access to your coins
Some wallet that ask you email and password are also giving you an option to export your privatekey. That depends on what kind of feature that already offered by such wallet.
I can't say all of the centralized wallet is so bad but i have been using some of these wallets for years and everything is still good.
Even electrum will be asking the password too before try to open your wallet.


Title: Re: which is best for bitcoin wallet?
Post by: Almasani on January 20, 2021, 07:28:50 PM
Many of the best wallets for Bitcoin. Like Blockchain.com, Ledger, Trezor. But what needs to be considered is the transaction fee, because Bitcoin is the most expensive coin, so the transaction fee, even though it is a small amount when viewed with Bitcoin, will be high if it is converted. I suggest you use BitcoinCore. The transaction fees on BitcoinCore are 0 or very small.


Title: Re: which is best for bitcoin wallet?
Post by: Dessy88 on January 20, 2021, 07:36:50 PM
There are many best wallet in crypto market for store your bitcoin but you should choose best. Personally i have been use coinbase wallet of very long time because safety is very comfortable for me in this wallet. However Ledger wallets and Trezor wallets good so you can use both. Otherwise you can choose coinbase if you want.


Title: Re: which is best for bitcoin wallet?
Post by: Traderbtcc on January 20, 2021, 11:03:22 PM
I'm sure you must have had alot suggestions already, well I would love to add to them, personally I make use of mycelium wallet for anything bitcoin, it's pretty easy to use no superflux design or anything just a simple basic wallet with some great features like signature, keys etc, I can't say which crypto wallet is the best cause I haven't used them all, but I do recommend mycelium wallet it's top notch trust me  :).


Title: Re: which is best for bitcoin wallet?
Post by: kevinzxz on January 20, 2021, 11:38:17 PM
dear all member

which is the best for bitcoin wallet.


pls commant.



Thanx in advance.




WBR
arifinislam7777

Trust Wallet is the right choice, because you can use Trust Wallet to store your cryptocurrency (including Bitcoin), because Trust Wallet is a mobile wallet that can be used to store many types of cryptocurrency (BTC, ETH, BNB, Tron, and many more), so if one day you want to invest in Ethereum or other cryptocurrency, then you don't need to find and create a new wallet anymore, because you can use Trust Wallet, that's why I also prefer to use Trust Wallet (easy and simple).


Title: Re: which is best for bitcoin wallet?
Post by: tabas on January 20, 2021, 11:58:59 PM
I generally don't store in personal wallet. Instead use exchanges to earn huge apy. You can also store lockup procedure if u are willing to lock for many days.
That's one advantage of using it if you're wanting to earn some interest through exchanges. But to say that you don't use a personal wallet for storing your crypto, I think you have to rethink it.
Just remember that there were exchanges that have been hacked in the past and not all of them were able to fully refund or at least give a little portion from the principal amount that they've deposited. Remember that "not your keys, not your coins".


Title: Re: which is best for bitcoin wallet?
Post by: Holla123 on January 21, 2021, 12:10:51 AM
dear all member

which is the best for bitcoin wallet.


pls commant.



Thanx in advance.




WBR
arifinislam7777

would only recommend Ledger and Tresor


Title: Re: which is best for bitcoin wallet?
Post by: itachi gunasekara on January 21, 2021, 03:56:37 AM
I recommend the Trezor wallet. I'm also using it. But remember your private key, and don't let anyone know.


Title: Re: which is best for bitcoin wallet?
Post by: Tamim121 on January 21, 2021, 04:37:21 AM
Bitcoin wallet stores a collection of bitcoin private keys. Typically, the wallet is password- or otherwise protected from unauthorized access. A Bitcoin wallet is controlled solely by its owner, not distributed and shared like blockchain technology.

Coinbase: Good Overall. Though sometimes they freeze account.
Trezor: Best for Hardware Wallet for Security. I'm personally use it.
Ledger: Best Hardware Wallet for Durability.
SoFi: Best for Beginners.
Robinhood: Best for Free Buying and Selling.
Mycelium: Best for Mobile Users.
Now it's your choice.
Exodus: Best for Desktop.


Title: Re: which is best for bitcoin wallet?
Post by: tabas on January 21, 2021, 08:17:56 PM
Robinhood: Best for Free Buying and Selling.
As you have said, robinhood is for buying and selling. They're not for keeps. You used exchanges to buy but you don't use them to keep or for long term storing of your crypto assets.
You use them and keep some of your assets there if you're daily using them. Other than that, you don't use them and classify as best wallet.


Title: Re: which is best for bitcoin wallet?
Post by: SirLancelot on January 24, 2021, 01:35:02 PM
It’s up to you and what you’re looking for. I have been making use of some really good mobile wallets like Bitpay and Blockchain.com wallet for years now and I have not had any single issue with any of them. But that doesn’t mean I haven’t seen people complain about them. Then there is Trezor, which is a hardware wallet, and Exodus wallet which is a decentralized wallet as well.

I have never had issues with these, but they are not 100% secure, you still have to play your part in making sure that you secure your assets, just because a wallet claims to be good doesn’t mean you will be careless.