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Author Topic: Which bitcoin wallet is the safest and the most convenient?  (Read 5217 times)
Tom Walton (OP)
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August 15, 2015, 12:05:22 PM
 #1

Hi all. I'm a novice on this forum. I want to know which Bitcoin wallet is the safest and the most convenient at the same time?
I've heard good feedbacks about Armory but as I understood it works only with Bitcoin-Qt. But Bitcoin-Qt weighs more than 30GB... Is it worth of this?  Huh

Perhaps someone can share better variants and explain why -  I would be very grateful for recommendations.
unamis76
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August 15, 2015, 12:06:37 PM
 #2

If you are looking for a fast, easy and convenient wallet for desktop, you should look for Electrum, or MultiBit.
Rude Boy
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August 15, 2015, 12:13:43 PM
 #3

other than btc core, i'll recommend multibit, bither or electrum Roll Eyes


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turvarya
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August 15, 2015, 12:14:18 PM
 #4

You should understand the concept about Cold/Hot Wallets.

A cold wallets holds most of your money and is save/offline: I still use paper wallets for that, but might switch to a hardware wallet like trezor in the near future.

A hot wallet contains what you really want to use and is not that save/online(since every device that is connected to the internet could be compromised): I use mostly Mycelium for that, since it is not really convenient to have your wallet only on your pc.

https://forum.bitcoin.com/
New censorship-free forum by Roger Ver. Try it out.
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August 15, 2015, 12:16:04 PM
 #5

i can't see the problem of downloading 30-50 gb one time only with core, besides this for me it's still the best wallet and the one that is less susceptible to random problems like the last one with the invalid blocks from miner

people download every day game, movie in high resolution which exceed 30 gb like nothing and they worry to donwload one time only 30 giga...
eternalgloom
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August 15, 2015, 12:16:13 PM
 #6

Like previous posters have said, I'd also use Electrum or Multibit.

Or if you want to be extra safe, Armory.

GonnaGrinditout
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August 15, 2015, 12:22:14 PM
 #7

Betchain.info, online wallet easy to use, no download.

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Tom Walton (OP)
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August 15, 2015, 12:25:08 PM
 #8

I'm using Electrum at the moment - launched this wallet a day ago to pay an entrance fee on this forum.
But for future - as I understand it's not the safest wallet to collect BTC.
RustyNomad
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August 15, 2015, 12:27:02 PM
 #9

All of the 'mainstream' wallets on offer today are good and most often it comes down to personal preference.

However, with that said, the most important aspect for me with any wallet is the control/trust factor. Who has control over all the private keys? If you do not have full and explicit control over all of the private keys then you are not in control of that wallet. The trust factor is out the window [in my opinion], the moment a third party has access and or control over some or all of the private keys.

So if you ask me which wallet I'll say start with the above, pick one that puts yourself and only yourself in charge of said wallet.

LiteCoinGuy
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August 15, 2015, 12:30:31 PM
 #10

I'm using Electrum at the moment - launched this wallet a day ago to pay an entrance fee on this forum.
But for future - as I understand it's not the safest wallet to collect BTC.

take a look on these hardware wallets too:

https://bitcointalk.org/index.php?topic=899253.0

el kaka22
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August 15, 2015, 12:31:02 PM
 #11

For the safest wallet, it is always bitcoin- core, because it is the very original wallet started by satoshi and developed by the community.
However it takes at least 50GB of your hard disk space, so it obviously not the most convenient one. I personally use blockchain.info wallet because it can be accessed once I have a Internet connection. However I think the most convenient one is Mycelium for Android, because it is lightweight yet multi-functional (like signing message, sweeping paper wallet etc.).

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Kazimir
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August 15, 2015, 12:34:54 PM
 #12

Electrum is a reasonable compromise between safety and convenience.

Still, the most convenient wallets imho are Mycelium and breadwallet.

In theory, there's no difference between theory and practice. In practice, there is.
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Patatas
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August 15, 2015, 12:37:01 PM
 #13

For me it's mycelium , I find it convenient . has simple design and easy to use. I also feel safe using it
15Lemon714
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August 15, 2015, 12:37:06 PM
 #14

I'm using Electrum at the moment - launched this wallet a day ago to pay an entrance fee on this forum.
But for future - as I understand it's not the safest wallet to collect BTC.

take a look on these hardware wallets too:

https://bitcointalk.org/index.php?topic=899253.0

I found this awhile back and got the ledger dual as it was cheap and very safe. Cheers litecoinguy
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August 15, 2015, 12:37:42 PM
 #15

www.blockchain.info

my favourite wallet, since it has the full node features without synchronising with the network.
wat about u

out of ability to use the signature, i want a new ban strike policy that will fade the strike after 90~120 days of the ban and not to be traced back, like google | email me for anything urgent, message will possibly not be instantly responded
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bryant.coleman
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August 15, 2015, 12:44:50 PM
 #16

Normally I would recommend against using any of the online wallets (especially in case if you are owning more than BTC10). That said, Blockchain.info is the best online wallet available out there right now. But be really careful in storing your coins with them. Create two strong passwords (main password and transaction password), and take regular backups.
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August 15, 2015, 01:03:25 PM
 #17

Hi all. I'm a novice on this forum. I want to know which Bitcoin wallet is the safest and the most convenient at the same time?
I've heard good feedbacks about Armory but as I understood it works only with Bitcoin-Qt. But Bitcoin-Qt weighs more than 30GB... Is it worth of this?  Huh

Perhaps someone can share better variants and explain why -  I would be very grateful for recommendations.

Well it also depends on your holdings. For example, if you have more than 10 BTCs, I would recommend that you get yourself a Trezor. This is by far the safest option out there, of course if you trust ghe developers, but they have already proven themselves! It's on sale for $99 at the moment!

If your holdings are smaller, than use core, electrum or multibit! Stay away from online wallets!
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August 15, 2015, 01:36:55 PM
 #18

safest: core
most convenient: electrum or multibit
flock123
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August 15, 2015, 02:13:26 PM
 #19

better use blockchain.info
I also use this time, but I do not know how much capacity  Grin
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August 15, 2015, 02:39:37 PM
 #20

better use blockchain.info
I also use this time, but I do not know how much capacity  Grin

Really? They have a lot problem with their security, for few months ago, a lot customers have a problem with it.
And recently: https://bitcointalk.org/index.php?topic=1143759.0 they block explorer has been broken/BUG.
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