[General] Bitcoin Wallets - Which, what, why?

[OmegaStarScream]

Blockchain.info/Blockchain.com not longer offer the possibility to send to multiple outputs..!

They removed that feature a long time ago. You can either:

- Use Blockchain's API.
- Or (if you're not an advanced user), you can just go with Electrum.

Bitcoin Core and Amory offer that feature as well, but you will have to download the whole blockchain.

[1715589736]

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[Cobo_Vault]

Curious - what do people feel is a good amount of BTC where you'd want to have at least one hardware wallet to protect it? Do you feel safer with a Secure Element and would you be willing to invest more in storing your keys with an SE?

[Lauda]

Curious - what do people feel is a good amount of BTC where you'd want to have at least one hardware wallet to protect it? Do you feel safer with a Secure Element and would you be willing to invest more in storing your keys with an SE?

There is no right answer to your first question, it should be in % of your money. Storing everything at one device regardless of its security is not the best method. The Secure Element part is also not of vital importance, because it is not as secure as you think.

[Cobo_Vault]

is coinbase that secure for controlling the wallet? where can i manage it myself to be more sure and protected??
Thanks

The most secure way to store bitcoin is offline in a hardware wallet or deep cold storage if you are not planning on touching it anytime soon. Anything touching the internet has a significantly larger attack surface because remote attacks are much less expensive to carry out than physical attacks. That being said, a mobile app is more secure than a desktop app because mobile phones come with lots of security features enabled by default that desktops don't have or require to manually enable.

If you're not ready for the jump to a hardware wallet, would still recommend you look into ways to generate your private keys from physical entropy rather than using the pseudorandom number generator (PRNG) from the Coinbase app -- not your keys, not your crypto. Type "using dice to generate keys" into Google and you can find some steps to get you there.

[ectbit]

What is the best wallet for mobile phones?
I am between Electrum and Bitcoin Wallet. Is it safe to download them from Google Play?

[nc50lc]

I am between Electrum and Bitcoin Wallet. Is it safe to download them from Google Play?

Electrum in Google play (v3.3.7) is one-release outdated than the one in the official site: https://electrum.org/#download.
You're going to miss the bugfixes and performance issues included in the latest release (v3.3.8) [release notes].
So if you prefer Electrum over Bitcoin Wallet, download the latest version from the site instead.

I can't comment on the other option, I haven't used it.

[Husna QA]

What is the best wallet for mobile phones?

Maybe you can check the following link:
https://bitcoin.org/en/wallets/mobile/?step=1&platform=android
https://bitcoin.org/en/wallets/mobile/?step=2&platform=ios

Some time ago, I also posted about imToken:
https://bitcointalk.org/index.php?topic=1631151.msg51071926#msg51071926

I am between Electrum and Bitcoin Wallet. Is it safe to download them from Google Play?

Yes, it's safe as long as you download it from the official link recommended by the developer.
But as nc50lc mentioned above, the Electrum on google play outdated, and this can be risky in the future if it's not updated.
You can also view or download several updated versions of Electrum that have released on the following link:
https://download.electrum.org/
And make sure you check the signature.

[Lauda]

Many updates:

• Added section Not recommended or outdated Wallets
• The following wallets were removed, i.e. added to the above list: Copay, Bitpay, Blockchain.info, Ledger HW.1, Ledger Unplugged
• Link to Bitcoin.org removed and replaced by direct link to wallet download
• Added Bitcoin Knots (Desktop)
• Added Wasabi (Desktop)
• Added Samourai (Android)
• Added Jaxx Liberty (Universal)
• GreenAddress updated.
• GreenBits renamed to BlockStream Green and updated
• Added LN section (WIP)
• Slightly modified the description of Armory: "Most secure option" is incorrect
• Extended credits to include other individuals
• v2 release

[bakasabo]

I'm not very experienced with bitcoin transactions, so I'm asking forum opinion about the following situation.

Is it ok for transaction to be pending for more than 2 hours? I'm sending funds from bitgo wallet to coinbase exchange with "high priority".
It cost about 25$ to send this transaction and it is still havent reached coinbase wallet (even though I see it in the list of deposits on coinbase).

I'm confused 

[OmegaStarScream]

I'm not very experienced with bitcoin transactions, so I'm asking forum opinion about the following situation.

Is it ok for transaction to be pending for more than 2 hours? I'm sending funds from bitgo wallet to coinbase exchange with "high priority".
It cost about 25$ to send this transaction and it is still havent reached coinbase wallet (even though I see it in the list of deposits on coinbase).

I'm confused  

We currently have +48K unconfirmed transactions, so yes, waiting for that long is normal.

As for the fee, I think you're referring to the 0.25% withdrawal fee that Bitgo takes, and not to the network fees but, you can post your TXID here so we can give you a definitive answer.

[bakasabo]

I'm not very experienced with bitcoin transactions, so I'm asking forum opinion about the following situation.

Is it ok for transaction to be pending for more than 2 hours? I'm sending funds from bitgo wallet to coinbase exchange with "high priority".
It cost about 25$ to send this transaction and it is still havent reached coinbase wallet (even though I see it in the list of deposits on coinbase).

I'm confused  

We currently have +48K unconfirmed transactions, so yes, waiting for that long is normal.

As for the fee, I think you're referring to the 0.25% withdrawal fee that Bitgo takes, and not to the network fees but, you can post your TXID here so we can give you a definitive answer.

Here you are https://www.blockchain.com/btc/tx/0b765c21dc024a804fc759c85a74b06c4b120c70a84a0068d200df58a8a2fd1c

Now I see that the status is unconfirmed. What is this and why the status changed from pending to this?

I dont have funds on bitgo wallet, neither I have then on coinbase... Nice...This is my second transaction and I'm already having issues... Ethereum transactions somehow were easier for me...

[OmegaStarScream]

Here you are https://www.blockchain.com/btc/tx/0b765c21dc024a804fc759c85a74b06c4b120c70a84a0068d200df58a8a2fd1c

Now I see that the status is unconfirmed. What is this and why the status changed from pending to this?

I dont have funds on bitgo wallet, neither I have then on coinbase... Nice...This is my second transaction and I'm already having issues... Ethereum transactions somehow were easier for me...

According to this[1][2], the recommended fee to pay is 60-68 sat/ byte while you paid 51 sat/byte and the reason it costed you that much (25$) is because your transaction has a lot of inputs.

Once your transaction gets confirmed (In a few hours probably), you will see it in your Coinbase account. You can also try and submit your transaction toViaBTC's accelerator[3].

[1] https://www.buybitcoinworldwide.com/fee-calculator/
[2] https://bitcoinfees.net/
[3] https://www.viabtc.com/tools/txaccelerator

[Lauda]

Here you are https://www.blockchain.com/btc/tx/0b765c21dc024a804fc759c85a74b06c4b120c70a84a0068d200df58a8a2fd1c

Now I see that the status is unconfirmed. What is this and why the status changed from pending to this?

I dont have funds on bitgo wallet, neither I have then on coinbase... Nice...This is my second transaction and I'm already having issues...

1) It is expensive because your transaction it big. Two main conditions affect the payment of the fees: recommended current fee-rate (based on the conditions of the mempool) * the size of your transaction. Your transaction is 5140 bytes.
2) Status pending has nothing to do with Bitcoin. That status is part of your service provider (you are using custodial wallets).
3) Consolidate outputs when fees are low: https://bitcointalk.org/index.php?topic=2848987.0.
4) Stop using custodial wallets and start using wallets where you control your own keys (and fee-rate).

Ethereum transactions somehow were easier for me...

1) Faster block times.
2) Less security.
3) Less users.
4) See 2).

Transacting with Bitcoin is the same if you understand what you are doing.

I will likely wipe this thread clean one day. It has too many support questions.

[OcalRez]

TrustWallet Is Safe?

[Lauda]

TrustWallet Is Safe?

It is a widely-used ETH/token wallet, so it should be similarly safe as other alternatives. Albeit I would recommend storing these on a hardware wallet instead.

More updates:

• Better overview of the Table of contents
• Minor changes in styling
• Added: Collection of Questions and Answers
• Major thread modernization and cleanup
• Added LN wallets
• Updated AirBitz to Edge and removed GreenAddress as Online wallet - Thanks OmegaStarScream

If somebody wants to write the descriptions for the LN wallets that I have recommended please PM or just post them here.

[alik111]

TrustWallet Is Safe?

I don't think trustwallet is safe for future because here your private keys can be tracked.
If trustwallet database get hacked then your funds can be stolen.Better you can use myetherwallet which is the safest wallet for Ethereum based tokens.

[Husna QA]

-snip- Better you can use myetherwallet which is the safest wallet for Ethereum based tokens.

Don't forget to double-check the MyEtherWallet site and its direct link.
On April 24, 2018, several MyEtherWallet DNS servers were hijacked https://twitter.com/myetherwallet/status/988787116015415296.
Luckily I was suspicious at first because it looks a little different than usual, even though the site I visited was correct.

MEW Screen Shot: 2018-04-25 at 5.57.07 AM

Better yet, if MyEtherWallet is connected to a hardware wallet.

[Lauda]

More updates:

• Better overview of the Table of contents
• Minor changes in styling
• Added: Collection of Questions and Answers
• Major thread modernization and cleanup
• Added LN wallets
• Updated AirBitz to Edge and removed GreenAddress as Online wallet - Thanks OmegaStarScream

Updated the list of wallets that are not recommended.

[Chris44521]

In Mobile wallets: Having stored bitcoin or other crypto coin on your mobile wallet app, want to know if changing of device do affect the wallet?  Like re_downloading the wallet app on a new device.

[JeromeTash]

In Mobile wallets: Having stored bitcoin or other crypto coin on your mobile wallet app, want to know if changing of device do affect the wallet?  Like re_downloading the wallet app on a new device.

So long as you have backed up your Seed phrase, Mnemonic phrase or private keys somewhere or on a piece of paper. You can still be able to restore your addresses in a new mobile wallet in a new device.

What is most important is those backups. Make sure they are correctly backed up and very safely kept because you don't want anyone to access them. If they do, then they will be able to access your cryptos.