Title: Bitcoin Apps and what it can do for you. Post by: Dailyscript on December 04, 2023, 05:55:10 PM Greetings to all members of the forum. As a newbie in the forum, I have come to understand that Bitcoin is not all about buying, making payments, and holding. There are other necessary things that make Bitcoin a possibility in the technology space. From keeping your Bitcoin safe, executing important trades, staying updated on Bitcoin information, making payments in Bitcoin, mining, Bitcoin discussion and gaining Bitcoin education and learning And this is possible there is an app for everything and with Bitcoin there are apps that allows enthusiast to perform all these functions. In breif I want to highlight some Bitcoin Apps, their functionalities and what each type of app can do for you.
Wallet Apps
Exchange Apps
Investment and Trading Apps
News and Information Apps
Payment Apps
Mining Apps
Educational and Discussion Apps
Privacy and Security Apps
I believe this comprehensive writeup will help beginners like me understand how it all work and also if you have more to contribute, feel free to share as i am curious to know more and go a long way on this technology[/list] Title: Re: Bitcoin Apps and what it can do for you. Post by: tabas on December 04, 2023, 06:05:09 PM
Coinbase is an exchange and although it has also other function but mainly for trading and as for Blockchain.com wallet which I assume you are suggesting, it's not recommended at all as you hold no private key upon creation of wallet there. Electrum is nice and one of the most recommended wallets for keeping your Bitcoin. But again, about keeping your Bitcoins and safe with those crossed out ones, better not to use them for keeping. Title: Re: Bitcoin Apps and what it can do for you. Post by: _act_ on December 04, 2023, 06:05:32 PM Investment and Trading Apps These fall under bitcoin wallet app and exchanges app. You use bitcoin wallet for holding, like the cold wallet, while you will use exchange to trading.
News and Information Apps
It is true that Samourai is good for privacy but not totally but just using it for coinjoin. You still need full node for more privacy. Ledger Live is not among. Title: Re: Bitcoin Apps and what it can do for you. Post by: Richbased on December 04, 2023, 06:09:40 PM Mate this clue of apps you've outline above can be very helpful to a beginner and I used most of those apps and I must say indeed they are very very good. But I suggest you would have attached links to the recommended apps so that it will can be easily accessed and offer more precise and concise information about the apps
Title: Re: Bitcoin Apps and what it can do for you. Post by: TimeTeller on December 04, 2023, 06:10:53 PM
Coinbase is an exchange and although it has also other function but mainly for trading and as for Blockchain.com wallet which I assume you are suggesting, it's not recommended at all as you hold no private key upon creation of wallet there. Electrum is nice and one of the most recommended wallets for keeping your Bitcoin. But again, about keeping your Bitcoins and safe with those crossed out ones, better not to use them for keeping. I do agree with you here. Don't ever consider custodial wallets as recommended wallet app to use as you don't have total control of your coins. The OP however, can update his recommended list and if possible include some useful links. He can also add other sites like kucoin, coinbase, huobi and other top exchange sites. Be very careful though in adding links, just official ones. Because one can easily mistake phishing link to official ones. Title: Re: Bitcoin Apps and what it can do for you. Post by: Orpichukwu on December 04, 2023, 06:16:14 PM
Blockchain and Coinbase wallets claim to be open source, but I don't know how secure they are for you to recommend them to others for use. As far as I know, blue wallets, electrum wallets, and a few other open source wallets, including hardware wallets, are the ones that are highly recommended. Title: Re: Bitcoin Apps and what it can do for you. Post by: _act_ on December 04, 2023, 06:18:07 PM Blockchain and Coinbase wallets claim to be open source, but I don't know how secure they are for you to recommend them to others for use. As far as I know, blue wallets, electrum wallets, and a few other open source wallets, including hardware wallets, are the ones that are highly recommended. Blockchain and Coinbase noncustodial wallet are not open source but close source.Title: Re: Bitcoin Apps and what it can do for you. Post by: Orpichukwu on December 04, 2023, 06:25:26 PM Blockchain and Coinbase wallets claim to be open source, but I don't know how secure they are for you to recommend them to others for use. As far as I know, blue wallets, electrum wallets, and a few other open source wallets, including hardware wallets, are the ones that are highly recommended. Blockchain and Coinbase noncustodial wallet are not open source but close source.Blockchain: https://github.com/blockchain Coinbase: https://github.com/coinbase/wallet-mobile-sdk Title: Re: Bitcoin Apps and what it can do for you. Post by: DYING_S0UL on December 04, 2023, 07:57:45 PM Wallet Apps
I wouldn't recommend coin base as preferable wallet as it has a history of selling out customers personal data. Also any wallets that are closed sourced should be avoided at any cost. Try open source wallets that are available. Although they wouldn't offer many supported coins but still it is less risky. One the other hand, electrum is good. You can also use blue wallet, if you want. Title: Re: Bitcoin Apps and what it can do for you. Post by: tabas on December 04, 2023, 11:58:22 PM ~snip~ I do agree with you here. Don't ever consider custodial wallets as recommended wallet app to use as you don't have total control of your coins. The OP however, can update his recommended list and if possible include some useful links. He can also add other sites like kucoin, coinbase, huobi and other top exchange sites. Be very careful though in adding links, just official ones. Because one can easily mistake phishing link to official ones. including hardware wallets, are the ones that are highly recommended. Much better if he's going to add these hardware wallets but still with precaution because one of them have been added with a feature that's disliked by the community, specifically the Ledger latest version of wallets with that Ledger Recover feature.Title: Re: Bitcoin Apps and what it can do for you. Post by: tranthidung on December 05, 2023, 12:48:15 AM By Apps, I am more keen on you are mentioning applications for mobile devices. I can not be sure is it what you meant but if you meant it, I have a reminder for you.
Title: Re: Bitcoin Apps and what it can do for you. Post by: Dailyscript on December 05, 2023, 08:18:55 AM By Apps, I am more keen on you are mentioning applications for mobile devices. I can not be sure is it what you meant but if you meant it, I have a reminder for you. By Apps is mean something that is dynamic. Some are mobile apps, some are web apps. It is like a website but you can perform multiple things the it is called a web app. App does not literally belong to mobile only, there are apps on bigger devices.
Title: Re: Bitcoin Apps and what it can do for you. Post by: Z390 on December 05, 2023, 11:13:13 AM Point of correction, there is no Bitcoin wallet or crypto wallet that's capable of keeping your assets safe, that's your own job, don't keep your keys online and don't store them in unsafe places where someone can easily spot them, even while using a hardware wallet, you need to keep it's recovery seed safe, or all the security features are going to become useless if anyone gets their hands on your recovery seeds.
You don't have to use any payment app if you already have your bitcoin wallet, why need fold? You can make payment from your Bitcoin wallet using QR code scan or inserting the receivers address, I always have one thing with wallet app that has earnings, they are not always open source, most I know are closed source and you don't want to use such Crypto wallet to store your fund. You don't have to rely on a app to tell you when to sell and take profit, when the value is too good just take some profit, bItcoin is good good for a long term holding but it is unwise to hold through a bear market and the best time to buy is always in a bear market, and always sell in a bull market. Title: Re: Bitcoin Apps and what it can do for you. Post by: _act_ on December 05, 2023, 02:55:48 PM Point of correction, there is no Bitcoin wallet or crypto wallet that's capable of keeping your assets safe, that's your own job, don't keep your keys online and don't store them in unsafe places where someone can easily spot them, even while using a hardware wallet, you need to keep it's recovery seed safe, or all the security features are going to become useless if anyone gets their hands on your recovery seeds. You will say that wallet are not 100% safe if the owner do not protect it, not that wallet are not safe. There are some that are not recommended but there are some that are recommended and safe to use, but the total safety depends on the wallet user and the type of wallet used. Cold wallets and multisig wallet are the safest wallets.As for the recovery phrase, you can use passphrase with it and do not backup both together. I mean the seed phrase and passphrase. But if you lose any of them, the coin is not accessible again. Title: Re: Bitcoin Apps and what it can do for you. Post by: Lamkuthang on December 05, 2023, 04:06:17 PM An interesting explanation from you OP and I'm sure it's also very good to read for beginners. Well, the story about beginners that I studied first was also about the functions and performance procedures of an exchange first because if we don't study it, it's the same. Anyone, whether me or other beginners, is required to understand how to deposit, trade and WD. If it is already familiar to others, just find out whether the main features they provide can be used or not.
Title: Re: Bitcoin Apps and what it can do for you. Post by: Davidvictorson on December 05, 2023, 08:36:17 PM Good list. An important but trivialized app that I think should be added to the list is the calendar app. If you are like, a long-term hold whose strategy of accumulating bitcoin is through biweekly dollar cost averaging strategy, the calendar app will serve as a reminder to DCA the amount you have set at the appointed time. It will help to keep you in check so that you stay consistent and not miss a fortnight. I do it manually and use it often.
Title: Re: Bitcoin Apps and what it can do for you. Post by: Dunamisx on December 05, 2023, 09:09:31 PM Additional warnings for using apps for your bitcoin crypto portfolios.
1. Verify with app source you're downloading. 2. Download the right app and avoid any cloned version 3. Download the app from the official website or playstore 4. Avoid unnecessary downloading links from the internet 5. Avoid app referrals downloads There have been many kind of apps scams that have taken away people's money from them without giving attention to how they can avoid the same means of getting scammed through such means. Title: Re: Bitcoin Apps and what it can do for you. Post by: Potato Chips on December 05, 2023, 11:05:46 PM News and Information Apps
Honestly not fond of installing a lot of apps on my phone. If it works fine on my browser, I most likely won't install it which is the case for every crypto news outlets out there, not to mention that accessing through my browser allows me to block some ads too! There's also a news aggregator that works great on mobile browser, called: cryptopanic.com Mining Apps
Like checking transactions? if so, you don't really need these apps as you can use any block explorers --website-- on your browser or choose a wallet with a "watch-only" option. |