Bitcoin Forum

There seems to be many wallet programs. Is one better than the other?

I am setting up a RasPi2 and leaning more towards MultiBit just because it looks easy to install... I have zero experience in this area and would love some input....

Thank you

It installed successfully and I created a wallet with MultiBit HD...

Now for some reason it is always in a connecting state which I need to figure out...

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

heres a list of wallets, as you might know already

there is no "best wallet," there is however, a wallet that best suits your needs. I urge you to read up on each wallet before choosing which one you like best or gives you what you need.

I have been trying to figure out the differences....

I am doing this for now to better educate myself on the topic and see if I can setup my RasPi as a miner (posted in another thread)

MultiBit HD seemed to be easiest to install but it is having trouble connecting to the bitcoin network so I have to assume that is on my router or something... Not much is coming up on google for that answer....

I am going to "TRY" to install one or two others just to see how they work... So far this is the only one I have gotten to install...

THANKS :)
Always wanting to learn more

Got Electrum to install and seems to connect to the network fine...

At least getting exposure to different wallet softwares...

Bitcoin Core is better for you ;D
also we can help network with running node it :)

not always; not everyone wants to download the whole blockchain to use the wallet considering its over 20 GB now, nearing 30 i believe. multibit/electrum are perfectly fine to use.

yeah that simple than bitcoin core but bitcoin core is best wallet to server :)
for cold wallet im recomended electrum

I have been having problems getting bitcoin core to compile and install
I stated earlier I am setting up a minor that I posted here:

https://bitcointalk.org/index.php?topic=1094149.msg11664812

I was trying to install various wallets and looking at the softwares. Electrum was the easiest to setup by far.
MultiBit HD never connected to a server....just kept trying to connect. Electrum seem to work without a problem. I would be curious what is the cause for MultiBit since Electrum was able to connect....

I am still having loads of trouble installing bitcoin core.... regardless if using for mining or not I am determined to figure out how to get this to install properly. :)

All and all I am still learning and moving forward. I appreciate all the advice and help.

chances are you already installed it properly, it just takes a long time to start up and needs to download the entire blockchain it all of its 30GB's of glory. until then, the bar near the bottom should say something like "28 weeks behind" or something, itll take a while for it to sync.

It did not install properly - each time I ran make keep getting errors....

It's more like 70 GB, my bitcoin folder is over 69 GB, plus i got Armory which is another 15 GB.  :(

what type of error? some along the line of a corrupted wallet, or error for the client itself? did you compiled it successfully?

No. He was getting BDB error. He only have 1GB RAM which may cause problem. I think it's good for him to use lightweight clients.

Electrum solve your problem ;)


I'm use XAPO too for online wallet, but remember don't store big amount in online wallet ;)


~iki

It is nice for people to run nodes.  But if this is going to be a main wallet I would suggest using a cold wallet.  Most likely a lightweight wallet so you don't have to download the chain when you plug it online.  Use it only for the wallet, don't surf internet or other things on it.

Also make a backup via paper wallet or usb.   You will want to store it in a secure location.  But you don't want to use just one copy where if it get's  corrupt your losing your coins.

How about Exchnager im using bittrex to my 2nd wallet because everyday i trade in bittrex  :-\

I just regocnized that there are different Fees - Im Using The Core Wallet which has less Fees than other like Xapo, or Core(Mobile)

Regards

What fees are you pointing out? AFAIK xapo dont take any fees

XAPO and coinbase is 0% fee satosi
so how many fee you get with core wallet ???

are you get some satosi if you send your BTC ???

That's right, but these wallets are more unsecure. If you use the Bitcoin core or other local clients you have fees but also more security.
For small amounts it is okay, but if you have some bigger amounts of Bitcoin I really suggest not to store them on blockchain.info, xapo or other online wallets.

Thank's for your sugestion :)

now i use coinbase & xapo and i will create blockchain wallet or mycellium to my main wallet

I wouldn't trust Xapo wallet to become your main wallet. You want to have full and total control over your own coins. Any web based, cloud online wallets are not good imo.
Choose between full node wallet like Bitcoin Core (if you want to download whole blockchain) or lightweight wallet with simplified validation like Electrum. Don't fell for no fee bait.

every bitcoin wallet has its pros and cons. it is up to you to decide which one you want to use for your needs.
the wallets page on bitcoin.org (https://bitcoin.org/en/choose-your-wallet) is a good resource to give you the general idea about who each wallet is different and what features they offer.

after choosing a wallet you can read a little about how it works and some feedback by searching here and google for it.

Thank's :) I will instal electrum on my pc and mycelliumm on my android device

Im note interesting to download Bitcoin Core ;D

I use Blockchain.info for my "hot" wallet, for quickspending and receiving money.

But i keep the bulk, over 95% of my money in offline secure storage.

Just for small amount? For trade? it's ok, but when you have big amount on the exchanger, sent to your cold wallet immediately.


~iki

Im not have more BTC i have only 3BTC
in my Bitrex 2BTC in other exchange 1BTC
i send all my btc to exhange because im trade

i wd every 1week
are that ok ?

 :-\

If you want a good online wallet I recommend www.cryptonator.com

They have paid subscription if you do high volume of transactions so it is zero fees.
Their free wallet have the typical fees. But the think I like with their service is you can have alt.coin wallet and exchange them within the same service. Once again at a fee on free but no fees for membership subscription.
They currently only have Litcoin, Blackcoin, Clams, and a few others. Soon they will have currency exchange doing the same way of exchange with the other coins. Worth the money to subscribe if doing high volume of trading and transactions.

as long as you are not using the exchanger for storing bitcoin, and you only use the amount that you use in that period, i would say that it is OK.

be careful though. use a strong password and enable 2FA for extra security. and withdraw any additional amount that you don't need access to for trading.

It's fine if you WD every week. Just don't store too much and don't store too long, because they will collapse anytime, and we don't have a private keys.


Never heard before, as far as i see, no wallet for clams, https://www.cryptonator.com/about :-\


~iki

if i was you i would have been trade only with 0.3 the rest on your wallet, playing with all your btc on exchange it's like doubling the risk to lose them all

1 because of hacker the other because of the nature of trading, especially if your are dealing with altcoin

swisscex is collpas but he send to me my private key

Are you make deal with their support for give a private key to you?


~iki

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

Take a look on Youtube as well...you can find a lot of helpful how to videos on there.

Hope this helps.

I choose electrum because it's a light wallet, and using the multisignature feature.., :D
do not need to download all transaction..., ;D

Thank you for all the replies. It is a lot for me to soak in.
I am very new - I did get electrum and multibit working on my RasPi2. However never got MBHD to connect to server as easy that electrum did.

still trying to compile bitcoin core... this time I used the incompatible database option and we will see if it works.

There is a lot for me to learn.
I agree a local wallet is more secure. However that I have cloud-based options are nice.

thanks again

I also choose electrum, keep in mind downloading the bitcoin blockchain could take a bit and lots of space, well some people feel safer doing it i dont blame them, but i havent had any issue with electrum since I started using it.

well i always suggest ppl to use the bitcoin qt, but this is a problem if you want to run it on your RpasPi2 because of the HD nedeed, so if you want to run it at your RasPi2 i can suggest you that your Multibit chooise is the best atm.

Anything hosted in the cloud isn't safe. Desktop clients is much better.
Electrum is a SPV client which is generally quite secure but it must trust the miner to follow the rules and it doesn't offer as much anonymity (https://www.reddit.com/r/Bitcoin/comments/2ye2pn/psa_electrum_sends_all_your_bitcoin_addresses_to/) and features and Bitcoin Core. You can easily attach a HDD to your computer or raspberry pi. Cheapest at my place starts at $50 for 1TB. Electrum is still okay for normal joe who don't need much anonymity.

I choose electrum for my cold storage.. :D

It is hard choosing a wallet for the first time. It is your choice if you want it to be online or stored on a hard drive. This was one of the first links posted (https://bitcoin.org/en/choose-your-wallet) but it is a really great site to pick a wallet for beginners.

 I got up top 1 k Satoschi Fee sending by core wallet.. I think this is okay.  :)

That good and not bad :)
bitcoin core is best wallet if you can download and synchronize with block

+1 Bitcoin core is best.   However it takes a very long time.  If you don't have the time and/or HDD space go with electrum.   They are my second favorite by far. 

that's what happen to me, I've download bitcoin core and must download all transaction. but my hdd doesn't have enough space ;D
so +1 for electrum.., :D

for some small daily operations, use blockchain online wallet, for some bigger amount electrum and for long-term holding paper wallet. I don't think, that core is for end-users anymore..

Yea blockchain.info is definitely a solid wallet, i think its safe to use it up to 10 bitcoin.

After that you need offline vault.

No, it's not. Blockchain.info is not a secure online wallet. Now, the only secure wallet which I can think of is GreenAddress. Blockchain.info seriously flawed. It may have been a secure online wallet earlier but not now.

It think there is no Security in the whole Network. I think if u wanne to be for real sure that ur Coins Stay where they are. Install an Wallet on an Offline PC like Core.

regards

are my wallet is secure ?
i use blockchain, i back up it and i restore to electrum wallet ( android) ?

I`ve used the Bitcoin Wallet for my Andoird Phone and think i got scammed.
i made an Transaction over 0.001 and everythings seems to be normal on the Wallet. The Coins as Payout. But still not showing up in my Profile where i wanted to Depostit - 100% trustfully.

reagrds

you got scammed from blockchain.info ?
im use it without any problem, can you share your Tx id ?

Some people here use the word "scam" very lightly. Blockchain.info is unreliable from time to time and they had their fair share of bugs, but I have never seen any scam related to the service.

After you import addresses, I suggest you to delete addresses from your Blockchain.info wallet and then I think you are secure. However, I recommend you to send all Bitcoins to new address generated in your wallet, here, Electrum.

By the way, does Electrum android support importing address?

I use Electrum wallet to send / receive bitcoins and I use an offline pc to store my bitcoins there. because it is lightweight and doesn't need to download the whole blockchain.

Blockchain.info wallet is has my trust but it's uptime is questionable. It can be down for hours when you most need it and I would NOT recommend it to newbies any more.

Electrum is my favourite client because it is stable, easy to backup and restore and it is a SPV wallet which means no need to download the huge blockchain. You can send coins immediately on open (may be half a minute to sync to be exact).

Xapo is another wallet I am trying out recently. Don't like that I do not control my priv keys and it doesn't give me the transaction id and other detailed info. It is very usable to store small amounts on mobile phones and it charges zero transaction fee.

i use blockchain.info too but it was always accessible for me and never had any issue with it, i guess i am just lucky.
Xapo and wallets like that are worse that bc.i because you don't have access to your private keys and you put 100% of your trust in their service.
the only good option is Electrum that you mentioned because it is small and fast, and you can trust it if you don't mind about staying 100% anonymous.

dont you need internet connection if you want to send it to the wallet/send out of it? or you dont even check if you received the bitcoins?

you can send funds from a completely offline wallet; you need an online node to create an unsigned transaction onto a USB key, and then connect the USB to the offline node to sign the transaction. with the transaction now signed, you can bring the USB key back to the online node to have the transaction broadcast to the network.

well i heard that multiwallet into a pen can make good safe work in a wallet of btc i might use in future if i get upeer than one btc

Yes use multisig wallet is more secure. Bit-X use multisig wallet but don't store your btc on exchanger, especially with big amount.
Use Electrum, they support for multisig wallet: https://bitcointalk.org/index.php?topic=973768.0


~iki

armory is also great for multisig, and is also great for cold storage. not too sure about the features it offers vs electrum, but ive heard all around great things about armory.
https://bitcoinarmory.com/

You are lucky or you haven't used Blockchain wallet long enough. It was having LOTS of downtime since the end of last year but it has improved a lot over the last couple of months.


I said that in my post. For newbies, they don't have a lot to loose and zero fees is a real plus for them when collecting small amounts.

Currently i am using coinbase, many friends says that it is not safe as they store their btc in cloud.
But for me since now it is good, also 2FA is enable to protect every tx.

How if the site down? Hacker attack? And you lost your btc.
Better to don't store a big amount in hot wallet. If you want a wallet to easy to use, try electrum, easy to use, 2FA support now and you don't need to download data.


~iki

Not good to use exchange wallet IMO. They can shut down their site and your coins is gone. Better to use desktop wallet or mycelium for mobile

i have been using an online wallet (blockchain.info) for a long time, you can continue using coinbase too and you might never encounter any problem at all. but it is always safer to use a desktop wallet like Electrum for example.

but if you do a little search, you can see that there are a lot of people that lost their bitcoin because of using online wallets. first understand the risks and then make your decision.

isn't bitcoin wallet for mobile better than any other one? it is literally called bitcoin wallet same icon as the core we all know
wallet online can be secure if you know what you're doing, and don't download malicious files
with all the measures about security like 2fa and email confirmation, i can not really see a easy hacking
the problem it's always of the user and not on the online wallet, unless they face and hackers
and iin this case will not be your fault, but only in this case

Is anyone using electrum ? should i use it, heard many people giving good feedback to this

most exchanges warn people they are shutting down and to withdraw whatever balanced they have a fair amount of time before actually shutting down their servers, but regardless, keeping coins on an exchange long term is a bad idea.

I am using electrum, and i never have any problem with it. What i like from electrum is the lightweight, simple, and safe to store a big amount of btc. other wallet is safe too.. ;)

I use Electrum portable. I have no issues with it.

MtGox is an exchange too that got a problem and loss all their bitcoins right? it can happen to some exchanges too so it is still not safe

I'd use electrum. it's not resource hungry, really secure and easily portable thanks to seed passwords