Bitcoin Forum

Other => Beginners & Help => Topic started by: bitcoinbot on January 05, 2015, 09:47:16 PM



Title: Help me Choose a Bitcoin Wallet or Wallets
Post by: bitcoinbot on January 05, 2015, 09:47:16 PM
Hi guys,

I currently have just over 4 bitcoins. They are stored on my online laptop (win8). I have Bitcoin Core installed and downloaded Armory. I created a paper backup using armory.

Of course I want my bitcoins to be secure (who wouldn't)  but I don't have an offline computer, I have USB sticks but I find all this online/ offline really complicated.

Basically I want to be able to use my bitcoin daily. I was looking to renew some domains using Namecheap with btc but they have a QR code that you are supposed to scan.
I wanted to use Mycelium to do that but it's taking forever for armory to get ready so I can transfer the bitcoins to mycelium.

Sorry for rambling but this is what I want.

A simple solution for storing the BTC on my laptop. It should be lightweight, secure and not download the whole blockchain. Armory also slowed down my PC i7 processor as well. When I decide I want to buy something I should be able to use it within seconds.

Thanks


Title: Re: Help me Choose a Bitcoin Wallet or Wallets
Post by: bitcoin_bagholder on January 05, 2015, 11:00:57 PM
Try Electrum instead of Armory. It's not supposed to be as much of a memory hog.


Title: Re: Help me Choose a Bitcoin Wallet or Wallets
Post by: RGBKey on January 05, 2015, 11:14:47 PM
If you're looking for a light client (one that doesn't download the blockchain) my personal reccommendation is electrum.


Title: Re: Help me Choose a Bitcoin Wallet or Wallets
Post by: Mitchell on January 05, 2015, 11:20:39 PM
I also recommend Electrum for small amounts of BTC. It's quick, it's easy and it's lightweight. You simply download Electrum, start it up and it's ready to-go in less than 10 seconds (after you completed the basic setup). ;D


Title: Re: Help me Choose a Bitcoin Wallet or Wallets
Post by: turvarya on January 05, 2015, 11:22:41 PM
You can scan the private key of your paper wallets with mycelium and use them.


Title: Re: Help me Choose a Bitcoin Wallet or Wallets
Post by: Zendikar on January 05, 2015, 11:23:58 PM
MultiBit is what I use, doesn't download the whole blockchain and has a nice interface.


Title: Re: Help me Choose a Bitcoin Wallet or Wallets
Post by: jonald_fyookball on January 05, 2015, 11:40:31 PM
electrum all the way


Title: Re: Help me Choose a Bitcoin Wallet or Wallets
Post by: cryptworld on January 06, 2015, 12:34:31 AM
I like electrum and multibit, I recommend you electrum


Title: Re: Help me Choose a Bitcoin Wallet or Wallets
Post by: Voltarius on January 06, 2015, 10:50:43 AM
I would recommend Electrum or MultiBit if you want a fast blockchain download.
I personally use MultiBit for about 95% of my transactions.


Title: Re: Help me Choose a Bitcoin Wallet or Wallets
Post by: NeuroticFish on January 06, 2015, 11:00:03 AM
Keep 3/4 of your money on paper wallets (yes, split on more than one).
Use 1/4 for .. what you need. Multibit is pretty safe and pretty lightweight.

Obviously, make sure you don't have keyloggers or malware on your laptop. Use a decent antivirus/security solution and don't browse "odd" sites.

When you need more BTC from the stash, just import the keys from another paper wallet into Multibit (is not that hard) and that's all.




This is my solution. However, read all the info you need and make sure you decide for yourself!


Title: Re: Help me Choose a Bitcoin Wallet or Wallets
Post by: bitcoinbot on January 06, 2015, 09:14:44 PM
You can scan the private key of your paper wallets with mycelium and use them.

I didn't know that. Going to check it out, thanks.


Title: Re: Help me Choose a Bitcoin Wallet or Wallets
Post by: silvestar on January 09, 2015, 04:06:50 AM
Put a small proportion of your bitcoin in an hot light wallet for your daily consumption, and put the rest in a safe cold wallet.

Paper wallet (not a paper backup of a hot wallet) is a good choice for cold storage, and it is very easy to create one with Armory, Electrum or bitaddress. The key is to make sure your computer is offline during the paper wallet creation, and remove the files before connecting to the net.


Title: Re: Help me Choose a Bitcoin Wallet or Wallets
Post by: Herbert2020 on January 09, 2015, 07:28:46 AM
if you want a lightweight wallet i suggest using Electrum. you can find a decent explanation on how to use it offline in its official website. or you might find other walk-throughs on the internet too


Title: Re: Help me Choose a Bitcoin Wallet or Wallets
Post by: ikydesu on January 09, 2015, 10:02:40 AM
Hi guys,

I currently have just over 4 bitcoins. They are stored on my online laptop (win8). I have Bitcoin Core installed and downloaded Armory. I created a paper backup using armory.

Of course I want my bitcoins to be secure (who wouldn't)  but I don't have an offline computer, I have USB sticks but I find all this online/ offline really complicated.

Basically I want to be able to use my bitcoin daily. I was looking to renew some domains using Namecheap with btc but they have a QR code that you are supposed to scan.
I wanted to use Mycelium to do that but it's taking forever for armory to get ready so I can transfer the bitcoins to mycelium.

Sorry for rambling but this is what I want.

A simple solution for storing the BTC on my laptop. It should be lightweight, secure and not download the whole blockchain. Armory also slowed down my PC i7 processor as well. When I decide I want to buy something I should be able to use it within seconds.

Thanks

If you won't to download data, I recommended electrum. But if you want to more secure wallet try trezor, looks like you have more money for buying hardware wallet.


Title: Re: Help me Choose a Bitcoin Wallet or Wallets
Post by: kwaasteniet on January 09, 2015, 10:45:10 AM
I can recommend multibit and electrum. Both are good wallets


Title: Re: Help me Choose a Bitcoin Wallet or Wallets
Post by: Josef27 on January 09, 2015, 12:35:08 PM
Like people above said
Try MultiBit, it's lightweight and still secure.


Title: Re: Help me Choose a Bitcoin Wallet or Wallets
Post by: Amph on January 09, 2015, 01:47:13 PM
armory is the most secure, but i prefer core or electrum(actually i'm using only the core right now, i don't need all those fancy "protecion")

core + usb pen drive and you are safe enough, or just run the core client in a safe pc(notebook or even netbook should be good) with a 3g usb , don't browse and don't install anything there


Title: Re: Help me Choose a Bitcoin Wallet or Wallets
Post by: ChuckBuck on January 09, 2015, 01:47:34 PM
More secure than paper, since paper is not waterproof, fireproof, or can be lost easily if not in a fireproof safe is Trezor or Ledger.

https://www.bitcointrezor.com/images/carousel_4.png

http://media.coindesk.com/2014/12/Ledger-4.jpg

You can't go wrong with these hardware options.

For small amounts, the Mycelium on mobile and Electrum on PC are a good combo.


Title: Re: Help me Choose a Bitcoin Wallet or Wallets
Post by: Ombamaq on January 09, 2015, 10:14:05 PM
asking about this hardware wallet like Trezor or Ledger.

how if we lost this hardware wallet ?


Title: Re: Help me Choose a Bitcoin Wallet or Wallets
Post by: wadili89 on January 10, 2015, 07:02:02 AM
I also recommend Electrum for small amounts of BTC. It's quick, it's easy and it's lightweight. You simply download Electrum, start it up and it's ready to-go in less than 10 seconds (after you completed the basic setup). ;D

He has over 4 BTC which is a good amount. Since he already has Armory installed its best to encourage him to use that, its the safest wallet possible. Putting it on a non-networked PC and using a webcam to sign transactions you can have a 100% secure solution.


Title: Re: Help me Choose a Bitcoin Wallet or Wallets
Post by: gkv9 on January 12, 2015, 03:21:34 PM
You can even try some Physical Coins in which you can store your private key (paper wallet) and store that coin at whichever place you feel is secure for the same... :)


Title: Re: Help me Choose a Bitcoin Wallet or Wallets
Post by: HeroCat on January 12, 2015, 03:23:59 PM
Multibit wallet is fast and works well  ;D From online wallets - Blockchain  ;D


Title: Re: Help me Choose a Bitcoin Wallet or Wallets
Post by: bitllionaire on January 12, 2015, 06:58:36 PM
I like multibit and electrum,because they do not require downloads of blockchain and they are really safe.

IF you want cold wallets, you can make a paper wallet,that's the safer wallet