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Author Topic: [General] Bitcoin Wallets - Which, what, why?  (Read 118944 times)
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rricaresad33
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July 04, 2019, 09:10:40 AM
 #321

Hey, I'm pretty new at this and I was thinking to get a nordvpn to secure my wallet. Although I would like to get your opinion about this. Is it usefull, is it worth it, or maybe you could suggest something else?

Thank you.

A VPN, transactions over Tor, and using mixers will only make you hard to track and find. If you're concerned about the safety of your funds that much, a hardware wallet is the best solution.

Thank you and ETFbitcoin also! So after all, I got nordvpn for just my data safety anyways, but I'm about to get a hardware wallet either.
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July 09, 2019, 01:30:08 PM
 #322

Hey, i'm new to this and i was wondering wether getting a hardware account would affect flexibility of access to funds?
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July 09, 2019, 02:17:01 PM
 #323

Hey, i'm new to this and i was wondering wether getting a hardware account would affect flexibility of access to funds?

It won't. Unlike paper wallets, HWs are pretty easy to use and spend from without having any risk and you can also access from both your computer and phone. I suggest going with Ledger nano S (more convenient for accessing funds on phone) or Trezor.

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July 10, 2019, 06:12:09 PM
 #324

Hi everyone. I'd like to get your opinion on Jaxx. I've read about minor lagging but it seems to be not crucial. Is it true?
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July 11, 2019, 10:10:54 AM
 #325

Hi everyone. I'd like to get your opinion on Jaxx. I've read about minor lagging but it seems to be not crucial. Is it true?

Don't use that wallet. It's neither transparent/open source nor secure.

If you're holding more than 500$, I suggest buying a hardware wallet otherwise stick to MEW (ETH and ERC20) and Electrum (BTC/DASH/LTC) and that should cover most of you're holdings in Jaxx.


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July 26, 2019, 04:14:32 PM
 #326

Hi. I would just like to know if you have heard of cases where people's money have been stolen from their wallet. If so how can you avoid this?
The only way to steal money is if they compromise the target machine/network. To avoid this you need to look into general security advice for computers and network. Read this thread: Beware of Malware: Think Before Acting!. What you could do is:
1) Keep the majority of your coins on an offline machine and only boot it when you need to use them.
2) Split the coins across several different devices (e.g. desktop wallet, mobile wallets) and make sure to use 2FA and encryption where available.

Another way to keep your coins from being stolen is to use a cold storage wallet.  While they are not a convenient solution for spending bitcoins, they are a great way to keep your coins safe.  With the cold storage keys being generated offline, there is no way for a hacker to get said keys.  But when you want to spend the coins on the cold wallet, you have to upload all the coins in the address as the private key is now possibly compromised.

If you want to save coins for the long term, a cold storage wallet is definitely the solution to go with.
Few days ago a youtuber upload a screen record video from her laptop. In that screen he kept his private key. Some of his viewers zoomed and got the key, for this that youtuber lost about $15000 .
So please don't get know anyone about your private key.

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Husna QA
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September 24, 2019, 11:45:35 PM
 #327

Another way to keep your coins from being stolen is to use a cold storage wallet.  While they are not a convenient solution for spending bitcoins, they are a great way to keep your coins safe. -snip-
-snip- In that screen he kept his private key. -snip-
So please don't get know anyone about your private key.
Except for the heirs?
I think to protect the private key is better to use a hardware wallet. Hardware wallets are also more resistant to viruses, malware, etc.

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September 28, 2019, 12:18:09 AM
 #328

Except for the heirs?
I think to protect the private key is better to use a hardware wallet. Hardware wallets are also more resistant to viruses, malware, etc.

I think for heirs a good option would be not to give them the private keys, but to tell them how to find.
Or maybe you could even split. 12 words to one, and 12 words to another. Or a passphrase with one, and the seed with another.

About hardware wallets... I can't understand how does anyone still hold more than 500 usd in any wallet that is not a hardware wallet.

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October 02, 2019, 09:34:22 PM
 #329


Thank you for the good information, another question, what kind of wallet do I need to buy selling bitcoins, for real currency and other cryptocurrencies?
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October 03, 2019, 05:45:27 AM
Merited by xandry (1)
 #330

-snip-, what kind of wallet do I need to buy selling bitcoins, for real currency and other cryptocurrencies?
You can use the "temporary" wallet provided by the exchanger to buy or sell bitcoin and trade it to real currency.
But after that, I recommend you save the bitcoin to the desktop/smartphone wallet or hardware wallet which the private key of the wallet is entirely yours.

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October 05, 2019, 10:00:53 AM
 #331



Desktop Wallets
Desktop wallets are software wallets that are downloaded and installed on your computer. The desktop wallets below are available on Mac OS X, Windows, and Linux.


The desktop wallet is the heaviest and downloading blocks is very long, but in principle I think it is quite reliable and safe. Thanks for such a detailed article. I will try different wallets
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October 05, 2019, 10:46:04 AM
Merited by xandry (1)
 #332

The desktop wallet is the heaviest and downloading blocks is very long, but in principle I think it is quite reliable and safe. Thanks for such a detailed article. I will try different wallets

That's only valid for Armory and Bitcoin core. You can use Electrum If you don't want to download the blockchain.

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October 05, 2019, 07:19:21 PM
 #333


That's only valid for Armory and Bitcoin core. You can use Electrum If you don't want to download the blockchain.

I heard that Electrum at the moment is not the best choice and not reliable. I do not often use Bitcoin, but now I understand that you need to look for a good wallet for it. Since there is already a little money accumulated in Bitcoins.

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October 06, 2019, 11:59:01 PM
 #334

The desktop wallet is the heaviest and downloading blocks is very long, -snip-
Yes, if the wallet you are referring to is a bitcoin core.

 

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November 17, 2019, 07:48:05 AM
 #335

Hi guys, anyone here using coinspace wallet? Recently I started using it but not really sure whether it's legit or not. Read some weird user experiences...
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November 17, 2019, 10:09:40 AM
 #336

Hi guys, anyone here using coinspace wallet? Recently I started using it but not really sure whether it's legit or not. Read some weird user experiences...

I know this wallet because your post. If i read reviews of this wallet on Bittrust.org, some people says has error and scam. If you don't really know about this wallet, the best option to stay away except you want to make more research. If you are want to use mobile wallet, such ase Eidoo, coinomi, blockchain.com wallet. But, not recommended to use mobile wallet, the best way to save your crypto on offline wallet.

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November 17, 2019, 05:56:08 PM
 #337

Hi guys, anyone here using coinspace wallet? Recently I started using it but not really sure whether it's legit or not. Read some weird user experiences...

I haven't used them myself but since it's open-source and also listed on Bitcoin.org, it should be safe to use. There are better alternatives out there though.

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November 21, 2019, 01:31:47 PM
Merited by xandry (1)
 #338

Hi i am pretty new to this. What is the recommendation for secure hardware wallets? Popular brand?
Appricated  Cheesy
Trezor (https://shop.trezor.io/)
Ledger (https://shop.ledger.com/products)
and many more ...

https://bitcoin.org/en/wallets/hardware/
https://en.bitcoin.it/wiki/Hardware_wallet

Choose a hardware wallet that supports the coins you want to keep in your hardware wallet.

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November 27, 2019, 09:33:07 PM
 #339

While all is pretty clear with hardware wallets as there are just few trustworthy options here, things are too darn hard with choosing a most palatable software wallet. Here are the names that one first comes across when searches for this kind of info: Trust, MEW, Atomic, Exodus, Coinomi, Electrum, Samourai... How to choose? I've kind of got lost in all those names Huh Undecided
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November 28, 2019, 08:38:53 AM
 #340

Please I will like a recommendation for a reliable bitcoin wallet where I can store my bitcoins for future use.
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