Bitcoin Forum

Other => Beginners & Help => Topic started by: marcotheminer on December 30, 2014, 06:51:07 PM



Title: Electrum, MultiBit or Armory?
Post by: marcotheminer on December 30, 2014, 06:51:07 PM
Which one would you recommend for secure storage?


Title: Re: Electrum, MultiBit or Armory?
Post by: sobitcoin on December 30, 2014, 06:54:50 PM
I personally use MultiBit, but have heard good things about the other two as well. Check out all the options I'v been listing here, seems like new alternatives show up every morning http://yocrypto.ca/listing-category/bitcoin-wallets/


Title: Re: Electrum, MultiBit or Armory?
Post by: sed on December 30, 2014, 06:56:32 PM
For secure storage, don't you just want to print out the keys and keep them safe (not on a computer)?

I've used Multibit off and on again and and overall it's a good program but I don't like how it's not easily customizable (you can't change the recommended tx fee, you can't reset the dust limit, etc).


Title: Re: Electrum, MultiBit or Armory?
Post by: fearlesscat10 on December 30, 2014, 06:58:15 PM
I recently posted about needing a cold wallet. Read here if you'd like.
https://bitcointalk.org/index.php?topic=908157.0

Ended up going with Armory, so that's what I'll recommend to you too. :)


Title: Re: Electrum, MultiBit or Armory?
Post by: sed on December 30, 2014, 07:03:05 PM
I checked out your thread and you do say you went with armory but that thread doesn't have a lot of info on why you did that or how it's somehow better than a simple paper copy.  I don't get the idea of using a whole computer to just hold  a private key or two in longterm storage.  What if the hardware fails?  I'm not saying it's likely but isn't simply writing down a few copies and storing them safely a lot easier (and you can use your computer in the meantime for other things)?


Title: Re: Electrum, MultiBit or Armory?
Post by: ChuckBuck on December 30, 2014, 07:20:36 PM
Those 3 are fine choices for software/desktop wallets.

If you want air tight security that's forever cold/offline, I'd probably go with one of the following:

1)Trezor
https://www.bitcointrezor.com/


2)Ledger
https://www.ledgerwallet.com/


3)Paper
https://bitcoinpaperwallet.com/


Title: Re: Electrum, MultiBit or Armory?
Post by: sed on December 30, 2014, 07:22:41 PM
But wait, if you just want to put something offline, why do you need websites?  I've just used my bitcoind to generate an address/priv key pair and then saved it---printed it out.  I've never had to use a website to do this.


Title: Re: Electrum, MultiBit or Armory?
Post by: sobitcoin on December 30, 2014, 07:25:25 PM
Those 3 are fine choices for software/desktop wallets.

If you want air tight security that's forever cold/offline, I'd probably go with one of the following:

1)Trezor
https://www.bitcointrezor.com/


2)Ledger
https://www.ledgerwallet.com/


3)Paper
https://bitcoinpaperwallet.com/


Heck yea, these are good ones. Woodwallets is pretty cool to, just got one and it's really nice. No cool features but smells fresh lol


Title: Re: Electrum, MultiBit or Armory?
Post by: ticoti on December 30, 2014, 07:29:31 PM
I would not reccomend armory by the fact that you have to download the whole blockchain
but if you want security it can be a good option


Title: Re: Electrum, MultiBit or Armory?
Post by: sed on December 30, 2014, 08:01:16 PM
I would not reccomend armory by the fact that you have to download the whole blockchain
but if you want security it can be a good option

If you want to download the blockchain why not just use bitcoind?  It's simple and easy.

But none of this seems to apply to the OPs question about cold storage.  I still can't see why a simple printout of a privkey file isn't the easiest solution.


Title: Re: Electrum, MultiBit or Armory?
Post by: yakuza699 on December 30, 2014, 08:05:54 PM
First of all I don't thing that this topic is in the right place.Secondly you must know what you want.If you want a good cold storage and you are willing to keep it offline than for sure pick Armory.If you want a lightweight client than choose Electrum. I don't recommend multibit because you don't really get control over your private keys.


Title: Re: Electrum, MultiBit or Armory?
Post by: LOBSTER on December 30, 2014, 08:09:03 PM
For security storage armory. If you get infected, the hacker could compromis your Electrum or Multibit funds but not your Armory funds.


Title: Re: Electrum, MultiBit or Armory?
Post by: kepo07 on December 30, 2014, 09:23:50 PM
i'm prefer you to use multibit because i think it the best wallet


Title: Re: Electrum, MultiBit or Armory?
Post by: sed on December 30, 2014, 11:09:49 PM
For security storage armory. If you get infected, the hacker could compromis your Electrum or Multibit funds but not your Armory funds.

How is this true?  So many vague posts in this thread with no detail...


Title: Re: Electrum, MultiBit or Armory?
Post by: activebiz on December 31, 2014, 12:23:18 AM
Which one would you recommend for secure storage?

armory would be the best option for online and ofline storage security.


Title: Re: Electrum, MultiBit or Armory?
Post by: JessicaSe on December 31, 2014, 12:27:34 AM
i will suggest multibit wallet
i m using it personally myself and it is fast, secure and bug free wallet
a light version of bitcoin wallet


Title: Re: Electrum, MultiBit or Armory?
Post by: searle421 on December 31, 2014, 02:32:43 AM
If you have Trezor it is better, but if you don't have trezor use Armory it is the best in terms of security.


Title: Re: Electrum, MultiBit or Armory?
Post by: Zorrocoin on December 31, 2014, 03:36:05 AM
I think the most secure is Paper wallet.


Title: Re: Electrum, MultiBit or Armory?
Post by: sana54210 on December 31, 2014, 03:59:47 AM
I'm currently using MultiBit for months now. The security of your bitcoins most of the time depends on you.


Title: Re: Electrum, MultiBit or Armory?
Post by: TrailingComet on December 31, 2014, 04:24:44 AM
Armory worked pretty well for a while but I now only use paper wallets for cold storage


Title: Re: Electrum, MultiBit or Armory?
Post by: Omikifuse on December 31, 2014, 04:34:15 AM
Anyone that requires you having the blockchain. You generate your private keys offline, put it in paper and format the drive you used to do your thing.


Title: Re: Electrum, MultiBit or Armory?
Post by: Divinespark on December 31, 2014, 04:37:44 AM
Electrum for security


Title: Re: Electrum, MultiBit or Armory?
Post by: sed on December 31, 2014, 05:37:11 AM
I guess OP should have started a poll if all he's doing is measuring popularityl.   All these "__, for security" answers are hillariously vague.


Title: Re: Electrum, MultiBit or Armory?
Post by: Domino on January 01, 2015, 04:52:51 PM
For security, Armory is the best as it uses a GPU-resistant key-stretching algorithm and makes brute-forcing much more costly.
https://bitcointalk.org/index.php?topic=140912.msg1645084#msg1645084


Title: Re: Electrum, MultiBit or Armory?
Post by: LOBSTER on January 01, 2015, 04:53:40 PM
I can also recommend Armory. It's the safest of all the wallets. Electrum and MultiBit are easy to use and also safe if you are using Linux and have no malware on your desktop ;)


Title: Re: Electrum, MultiBit or Armory?
Post by: ChuckBuck on January 02, 2015, 05:45:59 PM
Another storage solution to consider if you're leaning to cold or offline wallets instead of desktop ones:

https://www.cryobit.co/cold-storage-products/cryo-card/

Flood and fireproof is always a good combo.  Plus it's sooo shiny!   8)