What wallet should i use?

[spazzdla]

So i recently saw a bug with blockchain.info  and im a newbie on bitcoin wallets so i decided to move my wallet from there. I would like to use a wallet that is safe and that can be recovered in case of loosing it or something like that. Any suggestions what should i use?

I think it mostly depends on the amount you intend to keep in a wallet. Web wallets should be considered 'hot', holding just enough for what you need to use daily (check out Coinbase). Mobile wallets are also considered hot (check out Bitcoin Wallet on Android, Breadwallet on iOS or Mycelium). Any considerable amount of coins should be stored in a 'cold' wallet - one without access to the internet (check out Paper Wallets, Hardware Wallets or specialized software like Armory).

i checked out armory software though it says that i should store the cold wallet on a computer without internet access and i have only one pc... paper wallets are not ok for me as i can easily loose it and hardware wallets need buying stuff. also any ideas about multibit? is it also a hot wallet?

Sure it is, run bitaddress.org on an offline computer, encyrpt it, print the thing to PDF, copy the PDF EVERYWHERE.  

Bam, offline.  As long as you use a good encryption method and a good passphrase.  bitaddress.org comes with the ability to encrypt and decrpyt.

HONESTLY, bitcoin-qt offline will work just fine as well.  Don't need the blockchain to create private/public keys.

[mrbrt]

So i recently saw a bug with blockchain.info  and im a newbie on bitcoin wallets so i decided to move my wallet from there. I would like to use a wallet that is safe and that can be recovered in case of loosing it or something like that. Any suggestions what should i use?

I think it mostly depends on the amount you intend to keep in a wallet. Web wallets should be considered 'hot', holding just enough for what you need to use daily (check out Coinbase). Mobile wallets are also considered hot (check out Bitcoin Wallet on Android, Breadwallet on iOS or Mycelium). Any considerable amount of coins should be stored in a 'cold' wallet - one without access to the internet (check out Paper Wallets, Hardware Wallets or specialized software like Armory).

i checked out armory software though it says that i should store the cold wallet on a computer without internet access and i have only one pc... paper wallets are not ok for me as i can easily loose it and hardware wallets need buying stuff. also any ideas about multibit? is it also a hot wallet?

Sure it is, run bitaddress.org on an offline computer, encyrpt it, print the thing to PDF, copy the PDF EVERYWHERE.  

Bam, offline.  As long as you use a good encryption method and a good passphrase.  bitaddress.org comes with the ability to encrypt and decrpyt.

HONESTLY, bitcoin-qt offline will work just fine as well.  Don't need the blockchain to create private/public keys.

You've neglected to mention that you need to use an adequate amount of entropy when generating addresses, else the fact that your wallet is encrypted doesn't do you any good.

[spazzdla]

So i recently saw a bug with blockchain.info  and im a newbie on bitcoin wallets so i decided to move my wallet from there. I would like to use a wallet that is safe and that can be recovered in case of loosing it or something like that. Any suggestions what should i use?

I think it mostly depends on the amount you intend to keep in a wallet. Web wallets should be considered 'hot', holding just enough for what you need to use daily (check out Coinbase). Mobile wallets are also considered hot (check out Bitcoin Wallet on Android, Breadwallet on iOS or Mycelium). Any considerable amount of coins should be stored in a 'cold' wallet - one without access to the internet (check out Paper Wallets, Hardware Wallets or specialized software like Armory).

i checked out armory software though it says that i should store the cold wallet on a computer without internet access and i have only one pc... paper wallets are not ok for me as i can easily loose it and hardware wallets need buying stuff. also any ideas about multibit? is it also a hot wallet?

Sure it is, run bitaddress.org on an offline computer, encyrpt it, print the thing to PDF, copy the PDF EVERYWHERE.  

Bam, offline.  As long as you use a good encryption method and a good passphrase.  bitaddress.org comes with the ability to encrypt and decrpyt.

HONESTLY, bitcoin-qt offline will work just fine as well.  Don't need the blockchain to create private/public keys.

You've neglected to mention that you need to use an adequate amount of entropy when generating addresses, else the fact that your wallet is encrypted doesn't do you any good.

Very true, don't enter 1 a bunch of times lol, the random mouse movements should be pretty darn random lol. 

[mrbrt]

So i recently saw a bug with blockchain.info  and im a newbie on bitcoin wallets so i decided to move my wallet from there. I would like to use a wallet that is safe and that can be recovered in case of loosing it or something like that. Any suggestions what should i use?

I think it mostly depends on the amount you intend to keep in a wallet. Web wallets should be considered 'hot', holding just enough for what you need to use daily (check out Coinbase). Mobile wallets are also considered hot (check out Bitcoin Wallet on Android, Breadwallet on iOS or Mycelium). Any considerable amount of coins should be stored in a 'cold' wallet - one without access to the internet (check out Paper Wallets, Hardware Wallets or specialized software like Armory).

i checked out armory software though it says that i should store the cold wallet on a computer without internet access and i have only one pc... paper wallets are not ok for me as i can easily loose it and hardware wallets need buying stuff. also any ideas about multibit? is it also a hot wallet?

Sure it is, run bitaddress.org on an offline computer, encyrpt it, print the thing to PDF, copy the PDF EVERYWHERE.  

Bam, offline.  As long as you use a good encryption method and a good passphrase.  bitaddress.org comes with the ability to encrypt and decrpyt.

HONESTLY, bitcoin-qt offline will work just fine as well.  Don't need the blockchain to create private/public keys.

You've neglected to mention that you need to use an adequate amount of entropy when generating addresses, else the fact that your wallet is encrypted doesn't do you any good.

Very true, don't enter 1 a bunch of times lol, the random mouse movements should be pretty darn random lol. 

There is no evidence supporting the random mouse movements as providing an "adequate" amount of additional entropy.

[iram91445]

wait so can i actually go to bitaddress.org disconnect my internet connection then create a wallet turn browser off and i will have a cold wallet?

[spazzdla]

I do use the character input as well. 

[gentlemand]

wait so can i actually go to bitaddress.org disconnect my internet connection then create a wallet turn browser off and i will have a cold wallet?

Correct. Download the webpage and disconnect. But be mindful of the entropy thing.

[spazzdla]

wait so can i actually go to bitaddress.org disconnect my internet connection then create a wallet turn browser off and i will have a cold wallet?

You can download that webpage as a file and run that file on an offline computer with internet explorer.  You don't need to be connected to the web to use IE.


YES you could, download bitaddress.org, disconect your computer, create it and it's... offline until you reconnect your computer to the web..... It's only semi cold using this method.  As I said if your comp has malaware it's just going to record your keystrokes and forward it to the hacker when you reconnect.

HOWEVER this method will stop people that are connect to your comp watching it or just sending live key strokes.  

Semi cold is way better than hot.

[mrbrt]

I do use the character input as well. 

Why not use diceware or similar to generate a sufficiently long passphrase and then use the "brain wallet" section of bitaddress to generate a private key? If you don't want to try and remember the passphrase used to generate the address print out the public and private address like you would with any other cold wallet.

[iram91445]

wait so can i actually go to bitaddress.org disconnect my internet connection then create a wallet turn browser off and i will have a cold wallet?

You can download that webpage as a file and run that file on an offline computer with internet explorer.  You don't need to be connected to the web to use IE.


YES you could, download bitaddress.org, disconect your computer, create it and it's... offline until you reconnect your computer to the web..... It's only semi cold using this method.  As I said if your comp has malaware it's just going to record your keystrokes and forward it to the hacker when you reconnect.

HOWEVER this method will stop people that are connect to your comp watching it or just sending live key strokes. 

Semi cold is way better than hot.

i guess im good with that semi cold... what is the possibility that someone is actually recording my mouse moves through a virus? i guess thats nearly impossible, thank you for your help the thread can be locked as the problem was solved

[mrbrt]

wait so can i actually go to bitaddress.org disconnect my internet connection then create a wallet turn browser off and i will have a cold wallet?

You can download that webpage as a file and run that file on an offline computer with internet explorer.  You don't need to be connected to the web to use IE.


YES you could, download bitaddress.org, disconect your computer, create it and it's... offline until you reconnect your computer to the web..... It's only semi cold using this method.  As I said if your comp has malaware it's just going to record your keystrokes and forward it to the hacker when you reconnect.

HOWEVER this method will stop people that are connect to your comp watching it or just sending live key strokes.  

Semi cold is way better than hot.

By your definition, all addresses generated outside of a faraday cage would be considered "semi-cold".

[gentlemand]

By your definition, all addresses generated outside of a faraday cage would be considered "semi-cold".

Sounds cool. I'd buy one.

[LFC_Bitcoin]

So i recently saw a bug with blockchain.info  and im a newbie on bitcoin wallets so i decided to move my wallet from there. I would like to use a wallet that is safe and that can be recovered in case of loosing it or something like that. Any suggestions what should i use?

Edit: is multibit a good alternative? and if yes how can the wallet be recovered on it in case of an emergency?

Just download Bitcoin Core from - https://bitcoin.org/en/download or generate yourself a few paper wallets (offline) from - https://www.bitaddress.org & send your coins to the address/addresses generated.

It's as simple as that bro, run an anti virus scan on your computer first & then use either or a combination of the above to store your bitcoins.

[mrbrt]

By your definition, all addresses generated outside of a faraday cage would be considered "semi-cold".

Sounds cool. I'd buy one.

Take your pick:
http://www.homedepot.com/b/Appliances-Cooking-Microwaves/N-5yc1vZc3ok

[mrbrt]

So i recently saw a bug with blockchain.info  and im a newbie on bitcoin wallets so i decided to move my wallet from there. I would like to use a wallet that is safe and that can be recovered in case of loosing it or something like that. Any suggestions what should i use?

Edit: is multibit a good alternative? and if yes how can the wallet be recovered on it in case of an emergency?

Just download Bitcoin Core from - https://bitcoin.org/en/download or get yourself a few paper wallets from - https://www.bitaddress.org

It's as simple as that bro, run an anti virus scan on your computer & use either or a combination of the above to store your bitcoins.

If you've read any of the other posts, no, it is not just as simple as that.

[iram91445]

ok so i created a wallet and took pics of a private keys and stored it then on my usb through pc am i safe?

edit: i did everything offline

[dothebeats]

wait so can i actually go to bitaddress.org disconnect my internet connection then create a wallet turn browser off and i will have a cold wallet?

Correct. Download the webpage and disconnect. But be mindful of the entropy thing.

I know how the method works, just still can't understand entropy completely. Isn't entropy some sort of randomness?

[BitcoinPenny]

I think it mostly depends on the amount you intend to keep in a wallet. Web wallets should be considered 'hot', holding just enough for what you need to use daily (check out Coinbase). Mobile wallets are also considered hot (check out Bitcoin Wallet on Android, Breadwallet on iOS or Mycelium). Any considerable amount of coins should be stored in a 'cold' wallet - one without access to the internet (check out Paper Wallets, Hardware Wallets or specialized software like Armory).

I think that's a pretty good answer. Personally, I mostly use Coinbase, breadwallet, and electrum. I hope to add a Trezor soon too.

Regards,
Christopher

[Jorge320]

Noob question...

Blockchain.info wallet with 2FA set in (and not an email address) he should be pretty secure right?  What's the likely hood that his address, mail, and mobile would be hacked all at the same time?

Again, total noob question but seems secure enough.

[ticoti]

I have always used electrum and multibit classic, I think those are the best alternatives