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Question: (Desktop or Web wallet) Please vote a highly recommended wallet and you can vote 3 wallets 1-11 is desktop wallet and 12-18 is web wallet
1. Bitcoin Core (Desktop) - 4 (20%)
2. Bitcoin Knots - 0 (0%)
3. MultiBit HD - 1 (5%)
4. Armory - 0 (0%)
5. Electrum - 6 (30%)
6. mSIGNA - 0 (0%)
7. Bither - 0 (0%)
8. Green Address - 1 (5%)
9. ArcBit - 0 (0%)
10. Copay - 1 (5%)
11. BitGo - 0 (0%)
12. Coin.Space (Web) - 0 (0%)
13. Coinapult - 0 (0%)
14. Coinbase - 3 (15%)
15. Xapo - 2 (10%)
16. BTC.com - 0 (0%)
17. BitGo - 0 (0%)
18. Blockchain.info - 2 (10%)
Total Voters: 15

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Author Topic: Recommended wallet  (Read 1363 times)
coolcoinz
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June 13, 2017, 08:52:44 PM
 #21

My recommendations are as follow:

Free choices:

1. If you have a big HDD or SSD preferrably 1TB or up definitely download bitcoin core, sync it with the network add a strong passphrase and this should be the most secure desktop wallet because of it downloading all the blockchain in your PC. You need to be safe to not get any virus or keylogger otherwise you are in risk of losing everything you have.
2. If yo don't have a big HDD or SSD download Electrum wallet, it is an SPV wallet and is also one of the most secure desktop wallets out there.
3. Any other wallet but download at your own risk, I only recommend the 2 above. This is just to add the third option.

Paying money choices:

Any hardware wallet like Trezor, Ledger, Keepkey etc.

Even if I had a lot of space to waste on my drives I wouldn't choose core because it loads to slow. I usually need my money fast, start up a PC, open wallet, send transaction, with a light and easy wallet lime multibit it's done in less than a minute. With core it takes 5 min for it to load up, another 10 to update to the latest chain... And that's when you update it daily! Who has time for that?

swogerino
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June 13, 2017, 08:55:04 PM
 #22

I think all the wallets that gives you full access to your private keys are a good choice while all wallets who are closed source or third parties who do not give you full access to your private keys are to be avoided. Remember if you don't own your private keys, you  don't own any bitcoin.

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DrMatrix
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June 13, 2017, 09:05:00 PM
 #23

In the past i used a few different web wallets, alot of the popular ones. They are cool to use, and I do like them, but I don't know how I would feel about huge amounts of coin there, I only ever had a small amount of coin in the online wallets.

Years ago I used Bitcoin Core for my desktop client, and I would like to use it again to see how it feels and all the changes, but my main drive is an SSD with not much space, so I would have to keep the blockchain on my external, which isn't terrible as it is probably 1.5GB, but still alot of downloading to be done.

As of last night I am using Electrum, so far so good, I'm liking it! It certainly is light, won't take anything to run, and I do enjoy the lack of blackchain download. The features are easy to use, and easy to understand as a new Electrum user. The only thing is, I wish I could customize the skin and look of Electrum (this may apply to all desktop wallets,) maybe use a dark theme or different themes, but ofcourse have to be careful that the themes only change the look of things and add no dodgy code or trackers Smiley

Taki
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June 13, 2017, 09:05:21 PM
 #24

As I see many of you voted for Electum wallet and I'm one of them. Actually I didn't use it in the current moment, but I have heard a lot of positive comments about this wallet. Today I use Blickchain, but after they decided to not use multypay transactions I'm seriously thinking to change the wallet for my next campaign.
javalemcgee
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June 13, 2017, 09:08:55 PM
 #25

I have two trusted option: Bitcoin core and electrum.

Note that bitcoin core is over than 100 GB and you need this space on your hard disk.
TryNinja
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June 13, 2017, 09:22:42 PM
Last edit: June 13, 2017, 09:42:43 PM by TryNinja
 #26

Why did you keep this specific to desktop and web wallets? You're leaving out the offline/cold wallets that so many people use. This may force people to vote for a wallet on your list that they wouldn't actually use or endorse if they had the option of wallets available.

Since the poll shows which wallets people think are the best, it would also be good to know what challenges come with some of these different wallets - from the user experience, not just differences/challenges due to the type of wallet.
He is probably talking more about the software rather than the hardware piece itself.

Most of the hardware wallets in the market can be used with Mycelium, Electrum, and probably most of the serious softwares available. The biggest advantage on a hardware wallets are the way your private-keys are stored on the hardware alone rather than stored on your computer, where any virus can get your .dat files.

But I agree with you. If you are creating a poll with 19 wallet options, at least put some hardware wallets in there so that newbies can know what they need to be looking for if they want to be safe.

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coinfast
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June 13, 2017, 09:26:42 PM
 #27

I just use ELECTRUM (cold storage) if you are holding several thousands, I highly recommend. Keep your coins offline, use a wallet downloaded to your desktop, like Electrum no one sees what u have or could hack it from a site.
the when ready to add coins to a site your wanna buy from u use Electrum to transfer, its free, and no transfer fees.
dave3
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June 13, 2017, 09:44:26 PM
 #28

I used Bitcoin Core for 5 years or so, but recently switched to Electrum.

I was running Bitcoin Core on an external USB hard drive, and it would take forever each day to let it update (well, an hour + at least).  And while it was updating, my computer was really slow.

Electrum is great.  I wish I had switched to it earlier.  I figured the day would come when the blockchain would get bigger and it would make sense to switch to a light client.  I think that day has come (at least for me).
dave3
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June 13, 2017, 09:46:05 PM
 #29

I just use ELECTRUM (cold storage) if you are holding several thousands, I highly recommend. Keep your coins offline, use a wallet downloaded to your desktop, like Electrum no one sees what u have or could hack it from a site.
the when ready to add coins to a site your wanna buy from u use Electrum to transfer, its free, and no transfer fees.

If you're holding several thousands of bitcoin, I'd recommend a hardware wallet, like the trezor.  Actually, even for something less than several thousands of bitcoin that's a good idea.
DrMatrix
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June 13, 2017, 09:51:24 PM
 #30

I used Bitcoin Core for 5 years or so, but recently switched to Electrum.

I was running Bitcoin Core on an external USB hard drive, and it would take forever each day to let it update (well, an hour + at least).  And while it was updating, my computer was really slow.

Electrum is great.  I wish I had switched to it earlier.  I figured the day would come when the blockchain would get bigger and it would make sense to switch to a light client.  I think that day has come (at least for me).


The light client is just so convenient isn't it? I had a payment come in very shortly after installing Electrum, came in very fast no problem, everything that needed to be downloaded was just no issue at all since the filesize was so small to begin with Smiley
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