Bitcoin Forum
June 24, 2024, 05:07:14 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 [2]  All
  Print  
Author Topic: Most frustrating thing about Cryptocurrency - lack of wallet list. Is there any?  (Read 1117 times)
LTU_btc
Legendary
*
Online Online

Activity: 3094
Merit: 1341


Slava Ukraini!


View Profile WWW
June 02, 2017, 11:00:43 PM
 #21

Btw, I assume iOS device is generally more secure and safe than Android device if you have to choose?

Would you rather store your coin on a mobile wallet vs an exchange?

Both iOS and Android are safe devices. But phone is thing that is tend to loose and this is why mobile wallets is not best place to keep big amount of bitcoins, it would be best to keep some bitcoins only for your daily use.
If mobile wallet gived you full control of coins, then I prefer to keep coins there instead of exchange. But if you will use such mobile wallet like Coinbase, there are no difference from exchange.

HabBear
Hero Member
*****
Offline Offline

Activity: 1106
Merit: 637


View Profile WWW
June 03, 2017, 04:14:17 AM
 #22

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

Ok, so how do you use this to look up the latest coin you just bought to see what wallets supports it and are safe?

This site looks like it is just focused on Bitcoin? Everyone knows the best way to store Bitcoins. That is not the problem.

It's an older site. The information about each wallet is current, but many of these wallets have begun working with alternative cryptocurrencies since the information was populated on this site. For example, Coinbase now deals in Ethereum and Litecoin; Trezor deals in Ethereum; Etc.

This site should be used to narrow down options, particularly for someone who's still trying to figure out the difference and decision making around paper vs. web vs. hard vs. mobile wallet options. It will take further investigation based on the coins you wish to keep and whether you require their wallets to be consolidated through the same platform.
elektra (OP)
Full Member
***
Offline Offline

Activity: 140
Merit: 100


View Profile
June 03, 2017, 06:27:43 AM
 #23



One thing you always hear is that you should not store your coins on exchanges and that you risk losing them in a hack.


Obviously, Why you want to trust someone whom you don't even know and you know that many exchanges ran with peoples money. That is why everyone asks you to keep your bitcoins in your online web wallet or in offline wallet.
When you buy your bitcoins you should immediately send your bitcoins to your wallet so you have some security over your coins.
I often use blockchain.info since they have released its beta version they have added many security measures in it. I must say that you should use and signup. They are online from many years and very trusted, I never had any problem with them.
But if you are looking to store them offline, Use something portable, but do not lose your portable device. Offline wallets are the most safest one.
Good luck! With your selection.

Quote from: newIndia link=topic=1946179. msg19332842#msg19332842 date=1496435353
Choose your Bitcoin wallet - https://bitcoin.org/en/choose-your-wallet

Please use this link to know more about wallets and select the best of em.

Again, I am not talking about Bitcoins.

And why would an online web wallet be less prone to people taking the money and running? What exactly makes an online wallet safer vs  regular exchange? No one has explained this. And what exchanges that have had any traffic has been one of these take money and run sites? I have never heard of this.

elektra (OP)
Full Member
***
Offline Offline

Activity: 140
Merit: 100


View Profile
June 03, 2017, 06:52:50 AM
 #24

One thing with Crypto exchange sites is it's not the place to have your Bitcoin. It's not because of possible hacks ect. The reason is they are exchanges and should be used as it, nothing  more. A hack could also happen with web wallets. You are giving your trust to someone (the website) Now how you trusy them.

You need to learn what are the different type of wallets, and if possible try them all, even if you are not planning to use them.
Cold and hot wallets, desktop and  mobile wallets, web wallets, physical wallets, Bitcoin clients, hardware wallets... you have plenty of choices and the WWW is full of informations

Again, yes, there is a lot of choices for Bitcoin wallets. And anyone with Bitcoin should probably buy a Trezor or a Ledger.
But I am not talking about Bitcoin.

The problem is, where do you have your coins besides an exchange if there is no wallet for it? Like Monero for example. Where do you store that coin?
Or that new ICO coin that wast just released that you think are the new big thing and you just bought a boatload of it.

And why would I want to try all wallets? How is that going to help? Besides increasing the risk for stumbling over a scam wallet.


All you have to do is check the developer threads at this forum for each coin you are interested in and the first page should list all wallet options. Most Monero holders use the new GUI Beta 2 wallet for desktop you can download at https://getmonero.org/downloads/ there is also going to be an Android MyMonero wallet app available soon.

NEM may be added to Ledger Nano S https://www.reddit.com/r/ledgerwallet/comments/6efda1/updates_on_coins/

Where can I find the developer threads? Is there a dedicated section for them?
RamBahadur.Gurung
Sr. Member
****
Offline Offline

Activity: 457
Merit: 262



View Profile
June 03, 2017, 01:59:37 PM
 #25

Storing Bitcoin is quite easy, as there are a lot of options (right now I am using a Blockchain.info) wallet. But storing the other crypto-currencies is tough and complicated. There are some online wallets, but we don't know which of them can be trusted.
Slark
Legendary
*
Offline Offline

Activity: 1862
Merit: 1004


View Profile
June 03, 2017, 02:05:38 PM
 #26

Storing Bitcoin is quite easy, as there are a lot of options (right now I am using a Blockchain.info) wallet. But storing the other crypto-currencies is tough and complicated. There are some online wallets, but we don't know which of them can be trusted.
Every serious altcoin developer is also providing a wallet for the altcoin we can call it a Core version of a wallet.
If altcoin is popular enough then external developers might develop additional software wallets, online wallets or even hardware wallets.
Finding out which wallet is original creation is very easy. When in doubt just visit official website of the project i.e.: https://www.ethereum.org/
elektra (OP)
Full Member
***
Offline Offline

Activity: 140
Merit: 100


View Profile
June 03, 2017, 04:55:48 PM
 #27

I have noticed that some wallets don't give you a seed to write down, but instead wants you to make a backup file. Do you need to backup this file every time you create a new adress etc? Or do you only need to do it once?
elektra (OP)
Full Member
***
Offline Offline

Activity: 140
Merit: 100


View Profile
June 05, 2017, 01:55:57 PM
 #28

As always, if you want to do something properly you have to do it yourself.

The fact that not a single person here wrote about this proves my point that the information on wallets is fucked up and needs to be organized and streamlined in one place if it is ever going to go fully mainstream.

 https://myetherwallet.groovehq.com/knowledge_base/topics/how-to-see-a-new-token-in-myetherwallet?from_search=true
Pages: « 1 [2]  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!