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Author Topic: Which wallet is the best?  (Read 1979 times)
neopharma (OP)
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June 09, 2016, 11:21:38 AM
 #1

Hey guys!
I'm not completely new, but I still have much to learn.
What is, in your opinion, the best wallet to use?
I currently use mycelium for android and greenaddress for my desktop.
What do you guys use and why is it better in your opinion?
Slow death
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June 09, 2016, 11:50:42 AM
 #2

blockchain.info in my opinion, because it is easy to use and has good security as 2FA

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neopharma (OP)
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June 09, 2016, 12:02:33 PM
 #3

Yes, 2fa is very nice to have!
does it also work on android? Does it do so well? Greenaddress also has 2fa, but it works very poorly on my phone; it's really slow.
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June 09, 2016, 12:07:59 PM
 #4

Yes, 2fa is very nice to have!
does it also work on android? Does it do so well? Greenaddress also has 2fa, but it works very poorly on my phone; it's really slow.

Yes it works well. They send SMS to your phone number with the code every time you try to log in.

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merelcoin
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June 09, 2016, 12:10:31 PM
 #5

I will never suggest an online wallet to anybody... They have a small learning curve, are usually easy to use and accessible from anywhere, BUT you're not the one holding your private keys...
This means that your keys are stored on somebody else's server. If his security isn't up-to-par, or he decides he doesn't like gambling (for example), he can just deny your service, keep your coins or keep your coins locked forever. He can be hacked and you'll lose everything.

I only trust wallets where the private key is in my hands, and isn't shared over the internet.

That being said, there are a number of good wallets out there
- bitcoin core (does take a long time to sync, and a big chunk of bandwith)
- electrum (also runs on windows, android, linux,)
- multibit HD
- ...
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June 09, 2016, 12:20:14 PM
 #6

I will never suggest an online wallet to anybody... They have a small learning curve, are usually easy to use and accessible from anywhere, BUT you're not the one holding your private keys...
This means that your keys are stored on somebody else's server. If his security isn't up-to-par, or he decides he doesn't like gambling (for example), he can just deny your service, keep your coins or keep your coins locked forever. He can be hacked and you'll lose everything.

I only trust wallets where the private key is in my hands, and isn't shared over the internet.

That being said, there are a number of good wallets out there
- bitcoin core (does take a long time to sync, and a big chunk of bandwith)
- electrum (also runs on windows, android, linux,)
- multibit HD
- ...

100% right. Online wallet may give you a headache. There is plenty good wallets that with right
security configuration of your OS will give you security compared to hardware wallets, like trezor etc.
-Multibit wallet in classic version is a good option as well.
-Airbitz wallet for android, I'm using it, very sturdy app. also 2FA
http://www.hongkiat.com/blog/bitcoin-wallets/ use online wallet for small, faucet payouts and transfer
immediately to your offline storage. 

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June 09, 2016, 12:21:13 PM
 #7

It's not always easy to advise someone on what the best wallet is because it really just comes down to personal preference, especially when talking about android wallets because they pretty much have just about the same features now.

Mycelium would have been my first suggestion but you're already using that.
If you want to try another then wallet32 used to be good but i haven't used it in a long time.
Blockchain.info still has a neat wallet.

You need to start by asking yourself, what do i want in a bitcoin wallet, write it all down then go searching for one that has all or as many features you listed, things like you may want a multisig wallet or one that has 2fa options.

On top of the normal wallet features i personally look for a wallet that allows message signing as not all do and also one that allows you to change the fee paid, 2fa is also a must for me.

neopharma (OP)
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June 09, 2016, 12:26:20 PM
 #8

I will never suggest an online wallet to anybody... They have a small learning curve, are usually easy to use and accessible from anywhere, BUT you're not the one holding your private keys...
This means that your keys are stored on somebody else's server. If his security isn't up-to-par, or he decides he doesn't like gambling (for example), he can just deny your service, keep your coins or keep your coins locked forever. He can be hacked and you'll lose everything.

I only trust wallets where the private key is in my hands, and isn't shared over the internet.

That being said, there are a number of good wallets out there
- bitcoin core (does take a long time to sync, and a big chunk of bandwith)
- electrum (also runs on windows, android, linux,)
- multibit HD
- ...

this is a very informative post. I tried getting bitcore a while ago, but the time it took to sync was sooo long I decided to fuck it. Now, after reading what you have posted, I will let it do its job and keep the bulk of my coins there.
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June 09, 2016, 12:29:34 PM
 #9

Hey guys!
I'm not completely new, but I still have much to learn.
What is, in your opinion, the best wallet to use?
I currently use mycelium for android and greenaddress for my desktop.
What do you guys use and why is it better in your opinion?
different coin using different wallet:)
neopharma (OP)
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June 09, 2016, 12:36:20 PM
 #10

Hey guys!
I'm not completely new, but I still have much to learn.
What is, in your opinion, the best wallet to use?
I currently use mycelium for android and greenaddress for my desktop.
What do you guys use and why is it better in your opinion?
different coin using different wallet:)

I'm sorry, I meant wallet for Bitcoin. I don't use altcoins yet.
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June 09, 2016, 01:10:45 PM
 #11

BlockChain.Info or Coinbase.Com either of the two online bitcoin wallets site was okay

So far I'm using Coins.PH since it's easy to withdraw and deposited the btc from my country Cheesy
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June 09, 2016, 01:17:18 PM
 #12

Of all of the wallets out there, online wallets are by far the LEAST SECURE. If you care about the security of your Bitcoin, then DO NOT USE ONLINE WALLETS.

There are several good choices for wallets. A good place to start is https://bitcoin.org/en/choose-your-wallet. All of the wallets listed here have been reviewed and analyzed by many other people and experts to be sure that these wallets are safe. Notice how blockchain.info is not listed.

My recommendations for wallets are Bitcoin Core and Armory for full node security or Electrum for a lightweight wallet. Full nodes are more secure but require the entire blockchain, lightweight wallets such as Electrum do not download the full blockchain but rely on a third party server to provide you transaction data. All of those three choices (Armory relies on Bitcoin Core) are very secure.

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June 09, 2016, 01:25:08 PM
 #13

I will not suggest an online wallet to anybody too - I know they have all sort of 2fa etc. but I don't trust them having my private keys... I am using Bitcoin Core at the moment and I think it's the right way to go - yes it takes a long time to sync and all, but once you download the blockchain, it's a piece of cake using it. If you can't "afford" Bitcoin Core due to the bandwidth, I can suggest you Electrum Wink

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June 09, 2016, 02:49:04 PM
 #14

Hey guys!
I'm not completely new, but I still have much to learn.
What is, in your opinion, the best wallet to use?
I currently use mycelium for android and greenaddress for my desktop.
What do you guys use and why is it better in your opinion?

I think no wallet is perfect, and certainly they have different strengths and weaknesses. But I myself use the wallet of blockchain.ino ranging from wallet pc, android, and online. Because I think blockchain already trusted and proven safety. Thank you
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June 09, 2016, 04:56:47 PM
 #15

In my opinion a good wallet is a pc based wallet with full node.
A online online has security problems.For big amounts the best wallet is trezor or a hardware wallet.
For daily use you can use coinbase or blockchain app.
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June 09, 2016, 05:34:10 PM
 #16

For me the best wallet for me is electrum i use it for daily use.. and sometimes i use coinbase if i don't want to pay for a miners fee.

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June 09, 2016, 09:51:37 PM
 #17

for me coinbase and blockchain.info, but i'm prefer to use coinbase and vip to exchange my btc to my country's currency
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June 09, 2016, 10:45:19 PM
 #18

for me coinbase and blockchain.info, but i'm prefer to use coinbase and vip to exchange my btc to my country's currency

Coinbase and blockchain.info are both popular but there is a HUGE difference between the two for those reading.  With blockchain you can get your private key and make paper wallets, or even import into another wallet. So if site is down you still can access BTC.

Coinbase is very different and kinda in a league of it's own.  Only way you can access your BTC is through it's webwallet.  You cannot get private key so no importing it into another wallet.  But they hold a insurance policy for if site get's hacked.  So that could be huge  if they have a big breach.  But you are giving up control of wallet to them.
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June 10, 2016, 12:12:20 AM
 #19

For online bitcoin wallet, blockchain.info still good though. I use it since the first time i know about bitcoin and so far blockchain is still the best for me.
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June 10, 2016, 12:57:52 AM
 #20

I think blockchain.info wallet is one of the best wallet to use online because there are many features to make your wallet secure.
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