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Author Topic: Blockstream Green vs Electrum...which do you recommended for security?  (Read 201 times)
figmentofmyass
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August 13, 2020, 11:21:03 AM
 #21

Our innovative multisignature model uses dual private keys - one held by the user, and one by our servers. This allows us to enforce Two-Factor Authentication to protect your funds, while timelock smart contracts guarantee that users always retain full control of their coins.

Do note that this doesn't necessarily mean they can steal your funds, but they may be able to delay their release.

i've read a few horror stories about greenaddress's multisig and 2fa implementations---people being locked out of their wallets for 90 days, or permanently.

i would recommend against them, unless you are an advanced user or are very familiar with the UI. it has too much complexity and too many unnecessary features.

you can't really go wrong with Electrum.

+1. i rarely recommend anything else, especially to noobs.

achach
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August 13, 2020, 03:05:15 PM
 #22

I haven't tried Blockstream Green, but Electrum I would recommend for security.
Lucius
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August 13, 2020, 03:21:57 PM
 #23

i've read a few horror stories about greenaddress's multisig and 2fa implementations---people being locked out of their wallets for 90 days, or permanently.
i would recommend against them, unless you are an advanced user or are very familiar with the UI. it has too much complexity and too many unnecessary features.

It is then something very serious and does not look like a wallet for beginners, it would be good to add some links as a warning for anyone who still decides to try that wallet. I am always in favor of greater security, but if this can lead to a complete loss of funds, I will still opt for some simpler solutions.

Electrum also has 2FA, but I don't think that option exists in the mobile version (maybe I'm wrong?). Also if you lose access to 2FA and have access to seed it is very easy to make a wallet without 2FA, and even if there is no seed Trusted Coin often came out to meet those who were in a very awkward situation.

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