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Author Topic: Safest bitcoin (not cold) wallet  (Read 2087 times)
Sir_lagsalot
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December 26, 2015, 01:34:19 AM
 #1

Does anyone know the safest bitcoin wallet? I've heard it's Armory, but I haven't seen any proof, I've only heard armory mentioned once in a while. Is there and program that can prove it's worth?

It armory is as safe as people say, would it be larger that bitcoin qt, or more RAM intensive?


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December 26, 2015, 02:46:17 AM
 #2

Does anyone know the safest bitcoin wallet? I've heard it's Armory, but I haven't seen any proof, I've only heard armory mentioned once in a while. Is there and program that can prove it's worth?

It armory is as safe as people say, would it be larger that bitcoin qt, or more RAM intensive?
It depends on what you define as safe.

Personally I use Armory because I think it is safer than other options. It uses bitcoin core for networking so it uses a full node and thus doesn't need to trust someone else to provide the right data like an SPV wallet does. It also uses and HD wallet, although that wallet type and the master key format and key derivation is a separate thing that is not a BIP standard. But this HD wallet feature also eliminates the problem that Bitcoin Core has.

Some of the problems with armory though are the additional databases it creates and the huge memory usage of the program. There is also the fact that support for further development for open source armory seems to be dying, but I hope that changes.

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December 26, 2015, 02:48:17 AM
 #3

Armory is more private as it is a full node, but even with a passphrase on your wallet you are still a target for malware and keyloggers. Armory developed cold storage because they were aware of the problems. Their solution still requires two computers though. The $100 a Trezor costs you is well worth it.

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December 26, 2015, 03:16:43 AM
 #4

Armory is more private as it is a full node, but even with a passphrase on your wallet you are still a target for malware and keyloggers. Armory developed cold storage because they were aware of the problems. Their solution still requires two computers though. The $100 a Trezor costs you is well worth it.
But trezor is a cold wallet since it is hardware. If you store on there you can put it in your desk and forget about it thus being off the network and to me that is cold storage.
Safest non-cold wallet I have found is MyCelium. Have been using it for a while and haven't encountered any security issues thus far.

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December 26, 2015, 04:50:40 AM
 #5

Armory is more private as it is a full node, but even with a passphrase on your wallet you are still a target for malware and keyloggers. Armory developed cold storage because they were aware of the problems. Their solution still requires two computers though. The $100 a Trezor costs you is well worth it.
But trezor is a cold wallet since it is hardware. If you store on there you can put it in your desk and forget about it thus being off the network and to me that is cold storage.
Safest non-cold wallet I have found is MyCelium. Have been using it for a while and haven't encountered any security issues thus far.

I think you are missing the point: there is no such thing as a totally secure bitcoin wallet unless private keys are stored offline in a hardware wallet or computer. Lose some bitcoin to malware and you become a believer real fast.

Mycelium is an excellent Android wallet but the only really safe way to use it is with Trezor or Ledger. Ledger has a new NFC hardware wallet the exact size of a credit card for $31 called Unplugged.

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December 26, 2015, 05:22:44 AM
 #6

Well that is an interesting point. I have heard of ledger and thought it wasn't as good as trezor when I first saw the whitepapers on it. But with this new iteration of it I will reconsider looking into using ledger. Wanted something smaller than trezor and a credit card sized hardware wallet is what I was looking for at that time.

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December 26, 2015, 05:25:10 AM
 #7

Does anyone know the safest bitcoin wallet? I've heard it's Armory, but I haven't seen any proof, I've only heard armory mentioned once in a while. Is there and program that can prove it's worth?

It armory is as safe as people say, would it be larger that bitcoin qt, or more RAM intensive?

For some reason, not anything good, I hate Armory.  I have no particular reason that I can give you to keep you away, I just don't like the GUI or something.  I use Etherium for offline uses and it has been fine for me for the duraction.
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December 26, 2015, 09:34:52 PM
 #8

All of the most used wallets are equally safe, as there are no (known) vulnerabilities in their codes, and if there were, they would be quickly fixed or there would be a warning in place as to not to use a certain version of that wallet do to security issues.

The security on a wallet is more user dependent than software dependent. All the cases we see with loss of coins are either due to user's fault, misconfiguration or exploits/malware. Wallet like Core, Electrum and Armory give you all the tools needed to secure your coins in extremely safe ways Smiley
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January 23, 2016, 07:02:39 AM
 #9

The size of armory database is getting bigger and bigger, feels like its mirroring the bitcoin qt wallet. It is safe and nice especially when we have a spacious disk.
I'm combining Mycelium for daily transaction with nano ledger wallet for my personal savings which is a nice choice for me at the moment.
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January 29, 2016, 11:46:40 AM
 #10

Armory. MULTISIG FTW!!!!!

if you have alot of space, armory, although space intensive is like a souped up bitcoin-qt. A super heavy wallet, really.
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February 01, 2016, 12:05:44 PM
 #11

Safest would probably be some kind of paperwallet perfectly hidden and encoded.

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February 01, 2016, 12:07:52 PM
 #12

even using blockchain you'll be safe if you can sure your pc didnt infected with virus and you'd enable 2fa google auth


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February 01, 2016, 12:21:03 PM
 #13

even using blockchain you'll be safe if you can sure your pc didnt infected with virus and you'd enable 2fa google auth
Or until they screw up their RNG again. Or until their website gets hijacked or XSS or until they get hacked...

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