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Author Topic: How can I go about choosing a software wallet when there appear to be so many?  (Read 1585 times)
iram66680
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October 02, 2015, 10:36:54 AM
 #21

Choose one wallet and stick to it except if a change that you don't like appears.
Bitcoin core- For developers and people who care about security as bitcoin core verifies the entire block. It does take more space though.
SPV clients (MultiBit/Electrum)- For normal users, SPV client is usually enough and is ideal for people with smallish storage space. The security is not to the standards of Bitcoin core though.

Velkro
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October 02, 2015, 04:34:35 PM
 #22

I would like to store some bitcoins on a software wallet.  But it seems like there are quite a few of these and new ones coming up all of the time.

For a newcomer like me can someone suggest which are the most popular?
You don't need to search anymore, bitcoin core today is fast enough to use for day to day use.
Before only multibit, but now multibit is stealing your funds each transaction :/
CanIHazBitcoin777
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October 03, 2015, 12:35:20 AM
 #23

Choose one wallet and stick to it except if a change that you don't like appears.
Bitcoin core- For developers and people who care about security as bitcoin core verifies the entire block. It does take more space though.
SPV clients (MultiBit/Electrum)- For normal users, SPV client is usually enough and is ideal for people with smallish storage space. The security is not to the standards of Bitcoin core though.

I hope Electrum will push their security to new levels, i plan to store tons of bitcoins will them in the future.

I hate to keep blockchain on my pc, its just a waste of space for my small pc.
rscholey (OP)
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October 07, 2015, 04:50:24 AM
 #24

Choose one wallet and stick to it except if a change that you don't like appears.
Bitcoin core- For developers and people who care about security as bitcoin core verifies the entire block. It does take more space though.
SPV clients (MultiBit/Electrum)- For normal users, SPV client is usually enough and is ideal for people with smallish storage space. The security is not to the standards of Bitcoin core though.

I hope Electrum will push their security to new levels, i plan to store tons of bitcoins will them in the future.

I hate to keep blockchain on my pc, its just a waste of space for my small pc.

What is the security problem you have with Electrum?  How about other wallets, do you feel others offer better security / features? 
rscholey (OP)
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October 07, 2015, 04:51:14 AM
 #25

I would like to store some bitcoins on a software wallet.  But it seems like there are quite a few of these and new ones coming up all of the time.

For a newcomer like me can someone suggest which are the most popular?
You don't need to search anymore, bitcoin core today is fast enough to use for day to day use.
Before only multibit, but now multibit is stealing your funds each transaction :/

Does the bitcoin core wallet not require you to download the blockchain?  How does it compare with other wallets for features?
rscholey (OP)
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October 07, 2015, 04:52:12 AM
 #26

Choose one wallet and stick to it except if a change that you don't like appears.
Bitcoin core- For developers and people who care about security as bitcoin core verifies the entire block. It does take more space though.
SPV clients (MultiBit/Electrum)- For normal users, SPV client is usually enough and is ideal for people with smallish storage space. The security is not to the standards of Bitcoin core though.

What do you mean "The security is not to the standards of Bitcoin core though." ?
brirobinan
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October 07, 2015, 05:01:58 AM
 #27

You can choose your wallet based on following,
1. Your internet speed and bandwidth allows choose bitcoin core
2. If you prefer light weight wallet choose, multibit or multibit HD or Electrum
3. Advanced features: Armony or mSigma

https://bitcoin.org/en/choose-your-wallet
notlist3d
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October 07, 2015, 05:03:27 AM
 #28

Choose one wallet and stick to it except if a change that you don't like appears.
Bitcoin core- For developers and people who care about security as bitcoin core verifies the entire block. It does take more space though.
SPV clients (MultiBit/Electrum)- For normal users, SPV client is usually enough and is ideal for people with smallish storage space. The security is not to the standards of Bitcoin core though.

What do you mean "The security is not to the standards of Bitcoin core though." ?


For one thing the core wallet downloads the entire blockchain.  So you have to continually update if you use it.   Other wallets like MultiBit/Electrum do not require this, they are "lightweight clients" I believe the term is.

Also one thing to consider is paper wallet is cold.  I really like cold wallets personally.  You can always import a paper wallet into a wallet with private key or QR.  So you don't have to have a software option.  Also hardware wallets have really came a long way.
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October 07, 2015, 05:05:42 AM
 #29

I would like to store some bitcoins on a software wallet.  But it seems like there are quite a few of these and new ones coming up all of the time.

For a newcomer like me can someone suggest which are the most popular?

Great question - here's a great site to help you sort through the options based on what you want out of the wallet.

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

I've used this site several times. I hope it helps you!

jonatuzc
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October 07, 2015, 01:33:39 PM
 #30

My simple idea for choosing a your wallet.
By asking a software wallet you are ready to go for desktop wallet.
Now you need to decide to go full or light weight wallets based on your internet connection speed and volume limits.
Do not forget to encrypt wallet with a strong remember-able password.
kateryana81
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October 07, 2015, 02:59:32 PM
 #31

I'll give you few recommendation for wallet which easy to use & very light :
Desktop : Electrum
Android : Mycelium
iOS : Bread Wallet

An advice, don't store your bitcoin in exchange or online wallet, it's very dangerous. If you really need online wallet, you better pick Xapo.

Nice sort of different platform wallets. But I do not want to use my bitcoin on mobile phones.
I have account in blockchain. Now you recommend XAPO. let me check there too.
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