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Author Topic: I decided to hold Bitcoin. Any wallet recommendations?  (Read 868 times)
TryNinja
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July 15, 2017, 05:34:58 PM
 #21

As I see everyone is talking only about electrum and jaxx.
I would not recommend anyone to use Jaxx. I just don't feel any confidence on using their wallet based on the amount of bugs and security issues still not fixed. I remember some time ago when a few users tried to restore the wallet with the backup seed and their coins went missing, just like it was another wallet.

And for sure the easiest and the best way is to use QT wallet. Don't to have it fully sync. Just install the wallet, take the address and simply save the private key. This way anytime when you will want to get to your bitcoins just go to blockchain.info or any other platforms even electrum wallet.
So... a paper wallet? If you don't plan to spend soon, there is no reason to download a wallet. Just generate the private keys and print it.

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JohnBitCo
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July 16, 2017, 05:12:58 PM
 #22

Any software wallet would do. There's really no reason to go with paper wallets there just kind of strange in more of a gift novelty item.  Wink  just need to have private key in control.
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July 16, 2017, 05:15:02 PM
 #23

Any software while it as long as you make sure that you keep the password to key the 12 would phrase or whatever it is that that particular wallet uses will be fine.

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jennywhzz
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July 16, 2017, 05:16:43 PM
 #24

There's no reason that you can't back up that information on to a separate USB drive to keep it safe there's also no reason that you can't put that information on to a text document.
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July 16, 2017, 08:29:20 PM
 #25

As the title stated, I decided to hold Bitcoin and accept what will be the result of August 1 possible hard fork scene.

Now I want to use a wallet without storing private key somewhere else on side of my room. Currently Im using Electrum desktop wallet. Any other recommenedations? (Don't include hardware wallet)

Thanks!
To be able to hold bitcoin in a long time I think electrum has become the best choice for you.
But if you need good mobility then blockchain is the best wallet you can use. It all depends on the needs you want.
There are mobile versions of Electrum too available for Android, you are no longer bound to use online services as a wallet.
There is no need to risk that something will happen during the fork and wallet operator will say that: "due to technical issues one chain of your coins is now gone".


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reflector
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July 18, 2017, 06:55:02 PM
 #26

Any software while it as long as you make sure that you keep the password to key the 12 would phrase or whatever it is that that particular wallet uses will be fine.

That is called wallet seed bro, that you can find multibit and electrum wallet when you finish the installation and getting start up that. Blockchain.info and bitcoin core are the best and authenticated wallet use it with the high trust. Don't share the private key and wallet.dat file be safe on your side to anyone.
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July 18, 2017, 07:19:27 PM
 #27

As the title stated, I decided to hold Bitcoin and accept what will be the result of August 1 possible hard fork scene.

Now I want to use a wallet without storing private key somewhere else on side of my room. Currently Im using Electrum desktop wallet. Any other recommenedations? (Don't include hardware wallet)

Thanks!

I would suggest reading what Theymos has posted. Click the reminders above the navigation keys of the forum.

I would stick with electrum, I believe they have some sort of way to be able to hold both bitcoins in case of a fork. Next option would be bitcoin-qt wallet, as it is the most robust choice for bitcoin wallets, though the problem is you have to download the whole blockchain.
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July 19, 2017, 02:05:08 AM
 #28

As the title stated, I decided to hold Bitcoin and accept what will be the result of August 1 possible hard fork scene.

Now I want to use a wallet without storing private key somewhere else on side of my room. Currently Im using Electrum desktop wallet. Any other recommenedations? (Don't include hardware wallet)

Thanks!

The only thing that you really want to do is get it off of the online wallets off of the exchanges and off of information areas like that. And thus you are safe.

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July 19, 2017, 02:09:56 AM
 #29

As the title stated, I decided to hold Bitcoin and accept what will be the result of August 1 possible hard fork scene.

Now I want to use a wallet without storing private key somewhere else on side of my room. Currently Im using Electrum desktop wallet. Any other recommenedations? (Don't include hardware wallet)

Thanks!
I think what you are using now is already a good one to store it I heard that there are plenty of user's who are suggesting that wallet,
And I think I would also give it a try if I ever change my mind in holding it .
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July 19, 2017, 01:16:27 PM
 #30

Protect your private keys thats the most important thing!
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July 19, 2017, 01:25:29 PM
 #31

What if there will be a chain split? How will my bitcoins stored on Electrum can be used on my preferred chain?

Or something like that if you understand what Im trying to point out. Thanks for the response.

You don't have to worry about that so just keep using that wallet. Just make sure everything important was being handed properly like seeds and passphrase.

And to tell you honestly you don't even have to bothered thinking as no hardfork will be happened. Smiley

*if you get my point too.

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