Best Wallet 2017

[Rodrigo Santos]

Hello.

I need to choose a bitcoin wallet.
What you think is the best Bitcoin wallet for start my cryptocurrency journey (pros/cons, security...)?

Thanks

[stefantt]

For just BTC I use Electrum, really easy to use and just a basic wallet.
For Altcoins I use Exodus, this wallet has multiple assest, some well known, and some unknown.

What I do recommend is to use a offline wallet, so you have your own private key in hands.
this way someone can't run off with your coins.

[frauswif]

There are various types of wallets: hardware/cold wallets (look like a usb key), desktop wallets (that you download to your computer), web-based wallets (that you access online), mobile wallets (app for your phone), and exchange wallets.

Hardware wallets (e.g. Ledger Nano, Trezor) are the most secure so when you accumulate a decent amount of coin and/or are done trading and buying on exchanges then it is a good idea to put your coins on it, back it up, and keep it in a very safe place. These wallets are quite versatile and tend to support the widest range of different coins.

Desktop wallets (e.g. JAXX, Exodus, Electrum) live on your hard drive. They are reasonably secure so long as you back them up and keep the backup info in a safe place offline. These wallets can be compromised if there is malware on your computer. Also, if your computer is stolen by someone who knows about crypto they could also access your funds if you have your private keys or password(s) also saved on your hard drive. Each wallet is different and they don't all support the same coins.

Good web-based wallets are myetherwallet (for ethereum and eth tokens) and blockchain.info. These are solid options as long as you back them up and keep the info (password, private keys) offline. The vulnerability with these wallets is again malware/keyloggers on your computer, as well as phishing scams. Never access an online wallet from a link you receive via email. Always type in the url yourself or bookmark the site and navigate to it via the bookmarks.

There are also mobile wallets (coinomi) that you can access from your phone. I've never used these so can't say much but many people find them very convenient. Again, they need to be backed up and the info stored in a safe place offline.

Finally, there are "wallets" on exchange websites like coinbase and bittrex. These are the least secure because you do not have the private keys to the wallets. The exchange has those. So you can't back the addresses up or import them into other wallets. They are also vulnerable to the exchange being hacked or going bankrupt (look up mt.gox for an example).

Lots to learn when first getting into crypto! I started with JAXX and then moved my coins to Ledger.

[bright4mech]

Block-chain wallet still remain the best, because is well secured with email and phone number. code verification if you want... 

[Rodrigo Santos]

Thanks for the answers 

[faimloup]

Big fan of Jaxx with syncing of wallets between mobile, desktop and browser apps and plugins.

Exodus is nice for the portfolio view but has a reputation for pushing high transaction fees.

[icochick]

are there any wallets to stay away from?

[Sone11]

To add...what is the best wallet for btc with lowest fees or they are just the same?
and also for multi wallets?

[stefantt]

To add...what is the best wallet for btc with lowest fees or they are just the same?
and also for multi wallets?

In Electrum you can decide the amount of the fee yourself.

[Eloisa]

To add...what is the best wallet for btc with lowest fees or they are just the same?
and also for multi wallets?

In Electrum you can decide the amount of the fee yourself.

I heard this is also true with COinomi? though I haven't tried since they dont have in IOS yet.

[Micko1369]

I think you should use Copay wallet, just like me, because it is universal and easy for use.

[dertre]

I think you should use Copay wallet, just like me, because it is universal and easy for use.

Copay have only bad reputation..

The feel and functionality of Copay is professional and business like. Secure and open source. You own your private keys and your funds. I like the shared wallet feature where two persons or devices needs to approve deposit/withdrawals. However Copay uses a new kind of wallet address, which no one else seems to do. This creates incompatibility with pretty much any exchange or other wallet. You can translate what they call old wallet address into their new one. But it seems to work sometime and sometimes not. The app is also extremely slow and lagging. I have a Nexus 5X.

This app is terrible. I have tried transferring BTC from Copay to Coinbase twice now and it hasn't gone through. It says the transaction was sent, but Coinbase is not showing it received anything. The transaction still says "unconfirmed." I even selected the "priority" transfer fee.

Stay away!!! They charge huge fees for plain transactions. Promised delivery time is false. I've got some Bitcoins worth 25 dollars right now in my Copay wallet -- and they tell me this amount is too little to pay for anything. Robbers and greedy cheaters!

Piece of junk, address generated for bch does not work, written by amateur, another app bitcoin cash wallet worked right away, wasted my time.

And many more..

[HabBear]

It's hard to recommend a single wallet that's the best. Although it's great that so many have offered there personal favorites.

I like to use this site (link below) to sift through the wallets that are available and the coins each supports.

https://www.cryptocompare.com/wallets/#/overview

[iEARNnLEARN05]

Hello.

I need to choose a bitcoin wallet.
What you think is the best Bitcoin wallet for start my cryptocurrency journey (pros/cons, security...)?

Thanks

You should try exchanges they have btc wallet and you could trade as well and get earn.

[Mitchell]

There is a stickied thread in this section that answers all your questions [General] Bitcoin Wallets - Which, what, why?. Please read it and aks all related questions over there.