Bitcoin Forum

Other => Beginners & Help => Topic started by: mashcom on March 13, 2015, 11:06:53 AM



Title: what is the best wallet in the world?
Post by: mashcom on March 13, 2015, 11:06:53 AM
Hi users  someone can tell me what is the best walet in the world?
 i do not know which one use. thanks.


Title: Re: what is the best wallet in the world?
Post by: redsn0w on March 13, 2015, 11:11:11 AM
Hi users  someone can tell me what is the best walet in the world?
 i do not know which one use. thanks.

The best wallet in my opinion is the Bitcoin core, but if you don't have te possibility to use it I suggest you electrum : https://electrum.org/#download



PS: why did you make a self-mod thread?


Title: Re: what is the best wallet in the world?
Post by: shogdite on March 13, 2015, 12:23:05 PM
Hi, there are quite a few different wallets to choose from nowadays, plenty of info here to help you decide:

https://bitcoin.org/en/choose-your-wallet

The 'best' would have to be Bitcoin Core but it may not be the best for you (depends on your situation).

Just be wary of web wallets, they're fine for storing small amounts of bitcoin but anything more needs to be held securely off-line (recommend you read up on paper wallets and how to make them).


Title: Re: what is the best wallet in the world?
Post by: NUFCrichard on March 13, 2015, 01:11:27 PM
Hi users  someone can tell me what is the best walet in the world?
 i do not know which one use. thanks.
I haven't tested all of the wallets in the world, but I find that blockchain.info is very good.
I can use it on my phone very easily, which means I can spend my bitcoins on the go, or check to see if transactions have gone through when I am not at my computer.

You should have a Bitcoin core too though.


Title: Re: what is the best wallet in the world?
Post by: ChuckBuck on March 13, 2015, 02:24:38 PM
If you have the disk space and patience to wait several hours, want to serve as a Bitcoin node, the most functional and most supported, not to mention "the official wallet" by Bitcoin core devs, it's none other than Bitcoin Core.

If you don't want to download the entire Blockchain, than electrum or armory should do.


Title: Re: what is the best wallet in the world?
Post by: irfan_pak10 on March 13, 2015, 02:30:08 PM
Hi users  someone can tell me what is the best walet in the world?
 i do not know which one use. thanks.

The best wallet in my opinion is the Bitcoin core, but if you don't have te possibility to use it I suggest you electrum : https://electrum.org/#download



PS: why did you make a self-mod thread?

Should i have to download electrum on my pc, if yes then what will happened if i lost my window and lost that wallet software? Is there any backup file?

Edit:
The wallet im using are coinbase, blockchain and i think these are best.


Title: Re: what is the best wallet in the world?
Post by: fast2fix on March 13, 2015, 02:40:32 PM
Should i have to download electrum on my pc, if yes then what will happened if i lost my window and lost that wallet software? Is there any backup file?
yes, you have to download electrum on your pc. there's a secret password provided called seed, if you can remember/stored in someplace then you can recover your wallet when/wherever you want.


Title: Re: what is the best wallet in the world?
Post by: redsn0w on March 13, 2015, 03:39:35 PM
Hi users  someone can tell me what is the best walet in the world?
 i do not know which one use. thanks.

The best wallet in my opinion is the Bitcoin core, but if you don't have te possibility to use it I suggest you electrum : https://electrum.org/#download



PS: why did you make a self-mod thread?

Should i have to download electrum on my pc, if yes then what will happened if i lost my window and lost that wallet software? Is there any backup file?

Edit:
The wallet im using are coinbase, blockchain and i think these are best.

No, you will not lose your btc. If you will store a copy of the seed in a safe place also if your "pc will explode" you have always those 12 words & you will be able to restore your wallet in any other pc/device that use electrum.


Title: Re: what is the best wallet in the world?
Post by: irfan_pak10 on March 13, 2015, 03:47:04 PM
Hi users  someone can tell me what is the best walet in the world?
 i do not know which one use. thanks.

The best wallet in my opinion is the Bitcoin core, but if you don't have te possibility to use it I suggest you electrum : https://electrum.org/#download



PS: why did you make a self-mod thread?

Should i have to download electrum on my pc, if yes then what will happened if i lost my window and lost that wallet software? Is there any backup file?

Edit:
The wallet im using are coinbase, blockchain and i think these are best.

No, you will not lose your btc. If you will store a copy of the seed in a safe place also if your "pc will explode" you have always those 12 words & you will be able to restore your wallet in any other pc/device that use electrum.

Thanks for using answer
Here is my last question for you its on your review.
1. Are you using it?
2. How safe it is? When they launched this service


Title: Re: what is the best wallet in the world?
Post by: lite on March 13, 2015, 04:56:43 PM
Hi users  someone can tell me what is the best walet in the world?
 i do not know which one use. thanks.

The best wallet in my opinion is the Bitcoin core, but if you don't have te possibility to use it I suggest you electrum : https://electrum.org/#download



PS: why did you make a self-mod thread?

Should i have to download electrum on my pc, if yes then what will happened if i lost my window and lost that wallet software? Is there any backup file?

Edit:
The wallet im using are coinbase, blockchain and i think these are best.

No, you will not lose your btc. If you will store a copy of the seed in a safe place also if your "pc will explode" you have always those 12 words & you will be able to restore your wallet in any other pc/device that use electrum.

Thanks for using answer
Here is my last question for you its on your review.
1. Are you using it?
2. How safe it is? When they launched this service

1. Yes i'm using electrum from past 2 months.
2. What does safe mean here? your btc will be safe unless your pc get infected..


Title: Re: what is the best wallet in the world?
Post by: redsn0w on March 13, 2015, 05:29:25 PM
Hi users  someone can tell me what is the best walet in the world?
 i do not know which one use. thanks.

The best wallet in my opinion is the Bitcoin core, but if you don't have te possibility to use it I suggest you electrum : https://electrum.org/#download



PS: why did you make a self-mod thread?

Should i have to download electrum on my pc, if yes then what will happened if i lost my window and lost that wallet software? Is there any backup file?

Edit:
The wallet im using are coinbase, blockchain and i think these are best.

No, you will not lose your btc. If you will store a copy of the seed in a safe place also if your "pc will explode" you have always those 12 words & you will be able to restore your wallet in any other pc/device that use electrum.

Thanks for using answer
Here is my last question for you its on your review.
1. Are you using it?
2. How safe it is? When they launched this service


Yes I'm using electrum.
It is safe but you should "create" your security, as all other wallets. Firstly check you pc, and then download it ; here there is (if you want to read) a nice and useful explanation :

- http://bitzuma.com/posts/a-beginners-guide-to-the-electrum-bitcoin-wallet

If you still aren't quiet to use electrum, maybe it is better to stay on blockchain.info .


Title: Re: what is the best wallet in the world?
Post by: flyingplows on March 13, 2015, 09:12:43 PM
Hi users  someone can tell me what is the best walet in the world?
 i do not know which one use. thanks.

you can use blockchain.info for small amounts like from faucets and for quickly available money (btc  :P) from anywhere and bitcoin core for your savings i guess ;] well unless you are ready to go through the difficult process of cold paper wallet creation :)


Title: Re: what is the best wallet in the world?
Post by: Lorenzo on March 13, 2015, 09:35:00 PM
Hi users  someone can tell me what is the best walet in the world?
 i do not know which one use. thanks.

The best wallet in my opinion is the Bitcoin core, but if you don't have te possibility to use it I suggest you electrum : https://electrum.org/#download



PS: why did you make a self-mod thread?

To expand on this, Bitcoin core requires you to download the blockchain which is a very big file. In mid-2014, it was 20 GB in size and is even bigger now. Thin clients such as Electrum and Multibit allow you to make bitcoin transactions without downloading the full blockchain. I'm not sure about Multibit but Electrum is also a deterministic wallet. This means that you can regenerate all the addresses in a single wallet (excluding manually imported addresses) just by memorizing a 12 word seed.

Just be wary of web wallets, they're fine for storing small amounts of bitcoin but anything more needs to be held securely off-line (recommend you read up on paper wallets and how to make them).

A distinction should be made between online wallets were you have control of your own private keys and online wallets that don't. MyBitcoin was an example of the latter and was hacked many years ago and a lot of people lost money due to this. Blockchain.info is an example of the former type and is significantly more secure since the site owner can't run away with your coins or claim that their hot/cold wallet was "hacked". The first type of wallet should only be used for storing pocket change. Blockchain.info is probably safe enough for storing small to medium amounts of BTC. Larger amounts of BTC should be kept offline either as paper wallets or on a computer that isn't connected to the Internet.


Title: Re: what is the best wallet in the world?
Post by: Dread Pirate Roberts on March 13, 2015, 11:12:05 PM
maybe for bitcoin . just  se bitcoin core .
wallet online = blockchain.


Title: Re: what is the best wallet in the world?
Post by: Velkro on March 14, 2015, 02:27:27 AM
Hi users  someone can tell me what is the best walet in the world?
 i do not know which one use. thanks.
I think bitcoin core is now way to go... very quick synchronization added recently


Title: Re: what is the best wallet in the world?
Post by: Berau on March 14, 2015, 02:28:43 AM
Hi users  someone can tell me what is the best walet in the world?
 i do not know which one use. thanks.

For starters blockchain.info is probably the simplest to use, although not the safest.
Just don't store something over a bitcoin on it.


Title: Re: what is the best wallet in the world?
Post by: maku on March 14, 2015, 03:48:17 AM
After reading this thread I will sum everything up a bit:
1. If you are asking about picking your first wallet I guess you do not need great privacy options in it. Every wallet is secure as long as your PC or mobile device is not compromised.
2. Wallets are split in 3 categories (actually there are more categories but lets keep this simple): lightweight wallets with simplified validation, full block chain wallets with full validation and online wallets.
3. If you do not want to download and keep HUGE list of ALL bitcoin transactions ever made (aka blockchain) you want to some of the lightweight wallets
like: Electrum or Multibit.
4. Full blockchan wallets offer greater privacy options and are considered by many 'true wallets' but you do not really need them unless you will be keeping A LOT of BTC.
5. Use only wallets you can find on bitcoin.org website. Using wallets provided by unknown developers is bad idea.


Title: Re: what is the best wallet in the world?
Post by: steven.G999 on March 14, 2015, 04:32:12 AM
Hi users  someone can tell me what is the best walet in the world?
 i do not know which one use. thanks.

For starters blockchain.info is probably the simplest to use, although not the safest.
Just don't store something over a bitcoin on it.


I had been quite safe to use blockchain.info, with additional use google authenticator (2FA).

I advice you to use 2FA too :)


Title: Re: what is the best wallet in the world?
Post by: goosoodude on March 14, 2015, 05:56:18 AM
Best regarding ease of use: Electrum
Best regarding security: Armory

If now or later you are dealing with lots of BTCs, consider taking an old PC or netbook, format it, disconnect it from internet and put armory on it. You can sign transactions with a webcam.


Title: Re: what is the best wallet in the world?
Post by: El Emperador on March 14, 2015, 08:57:16 AM
I still haven't found what I'm looking for...
https://www.youtube.com/watch?v=EabB55IYyOg (https://www.youtube.com/watch?v=EabB55IYyOg)


Some wallets like Electrum or Multibit are easy to use and "light" because they don't need to download the whole blockchain, but aren't the best regarding privacy and security.
GreenAddress is a good online wallet, but its backup isn't user friendly.
Bitcoin-qt and Armory are good for Privacy and security but require too much space on your hard disk.


Title: Re: what is the best wallet in the world?
Post by: mashcom on March 14, 2015, 10:57:28 AM
Thanks for all the replies, I will check blockchain.info and also coinbase.com


Title: Re: what is the best wallet in the world?
Post by: abyrnes81 on March 14, 2015, 10:59:44 AM
If you are "newbie" about the wallets I suggest you to start with blockchain.info , because it is the easiest wallet in the world. When you will start to understand the bitcoin technology you can move to bitcoin core (the official).


Title: Re: what is the best wallet in the world?
Post by: Bitcoinexp on March 15, 2015, 02:04:46 PM
It's subjective. But since i use web wallets more often, i would recommend blockchain wallet. Good for small to medium amounts.


Title: Re: what is the best wallet in the world?
Post by: bronan on March 15, 2015, 02:16:33 PM
I actually do not trust any online wallet at all.
Basically electrum is fast and nice but is not a good wallet if you get work with tons of small amounts (btc-dust)
Multibit works kinda the same is also very fast but again gets to be a hog when it receives/sends many small amounts
The only program which has no problems with any amount is bitcoin-qt/bitcoind but that is a pain to get updated for people with a slow pc and not so much diskspace on the hard drive.
I use kinda all 3 for different purposes the fast ones are used to handle fast payements and my good old bitcoin-qt has the task to store and hold coins i do not send out too quick or have stored away.( cold wallet ).


Title: Re: what is the best wallet in the world?
Post by: ikydesu on March 15, 2015, 06:12:41 PM
Thanks for all the replies, I will check blockchain.info and also coinbase.com

For online wallet i recommend choose blockchain(for store small amount), i still doubt about coinbase its like semi-decentralization IMHO :-\
also if you want to store medium amount use desktop wallet like electrum v2(support for 2FA) or multibit.
and if you have a budget and want to store big amount, use hardware wallet.


~iki