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

[Husna QA]

Thanks all on help i got the answer on my question.Question was generaly and eth transaction was just an example .Sorry on late respond.

Unfortunately, at this time, you can only use Cobo hardware wallet on some other wallet software that only supports BTC, e.g ., Electrum wallet, Wasabi wallet, BlueWallet, and Specter Wallet ^[1]. For other coins, it seems that you have to use the default software (Cobo Wallet).
Meanwhile, the Ledger ^[2] or Trezor ^[3] hardware wallet is supported more by other software wallets.

Reference:
^[1] https://support.cobo.com/hc/en-us/sections/360007937714-Sending-Receiving
^[2] https://support.ledger.com/hc/en-us/sections/360004992674-External-wallets
^[3] https://wiki.trezor.io/Apps:Electrum ; https://blog.trezor.io/trezor-integration-with-myetherwallet-3e217a652e08

[joniboini]

That's not entirely true. Most wallet support fee management. If you buy a hardware wallet, try to connect it to Electrum for example, and you can set the fee manually, if your native HW app does not support it.

Those overestimation happens because they assume most people want their tx to get confirmed on the next block, which always need a higher fee than average.

[Husna QA]

-snip- but by my opinion if they sell the hardware gadget to me why they inforce me to use transaction fee they aply -snip-

On Cobo Wallet, see the fee transaction settings on the following link:
https://support.cobo.com/hc/en-us/articles/360007966514-How-to-set-transaction-fee
Likewise, if you use a Ledger hardware wallet, in the Ledger Live software (the default ledger wallet software), you are given the option to set the amount of the transaction fee.

[junnar1968]

Based on my experience it's better if you will gonna use the BTC wallet that is based on your country or credited/approved by the crypto company that you will gonna use to trade BTC. some BTC trading website does not support all BTC online wallet. you may also ready the terms and condition of the website.

[Husna QA]

Based on my experience it's better if you will gonna use the BTC wallet that is based on your country or credited/approved by the crypto company that you will gonna use to trade BTC. some BTC trading website does not support all BTC online wallet. you may also ready the terms and condition of the website.

Do you mean the wallet provided by the exchanger? Can you give an example of an online bitcoin wallet that is not supported by the BTC trading website?

The wallet provided by the Bitcoin Exchange is a temporary wallet to store user assets for trading. The user cannot fully control the wallet. It is not purely a user's Bitcoin wallet.
Meanwhile, Bitcoin wallets such as Bitcoin Core, Electrum are not restricted in certain countries.

[joniboini]

Based on my experience it's better if you will gonna use the BTC wallet that is based on your country or credited/approved by the crypto company that you will gonna use to trade BTC.

Those are not a wallet. It's just a deposit address.

Bitcoin wallet is not region-based software. If you found something like that, then pretty sure it's not a good wallet to use. Please check what a wallet/keychain is on the first post.

[Tropy]

I need a web wallet that support alt coins must atleast include bitcoin cash and bitcoin gold? Need one for long term storage. No I'm not going to use a cold wallet, I have a very slow net. Sync cause alot of corruptions. Prefer one using a web browser without 2fa or if must, then accept sms or email for verification each time to login.

i would really appreciate the help if anyone can help me on this problem above.

[Husna QA]

I need a web wallet that support alt coins must atleast include bitcoin cash and bitcoin gold? Need one for long term storage. No I'm not going to use a cold wallet, I have a very slow net. Sync cause alot of corruptions. Prefer one using a web browser without 2fa or if must, then accept sms or email for verification each time to login.

i would really appreciate the help if anyone can help me on this problem above.

It is less relevant if questions about web wallets, especially altcoin wallets, are asked in this thread.
For questions/discussions about web wallets, maybe next, you can discuss on the following board:
Web Wallets
I don't recommend that you store assets on a web wallet for long-term storage; it's better to use your wallet software.

Warning: online wallets are banks that you are trusting -- for a trustless wallet, you need to run your own wallet software.

[OrdinaryBloke26]

I'm looking for some opinions on using Revolut as a crypto wallet, not an exchange. Is it easy to move ethereum and bitcoin cash? Are there transfer limits? Any guidance would be appreciated!

[joniboini]

I'm looking for some opinions on using Revolut as a crypto wallet, not an exchange. Is it easy to move ethereum and bitcoin cash? Are there transfer limits? Any guidance would be appreciated!

I think you can refer to their website for the limits and things like that. What I can say for sure is if you don't own your private key/seed, then assume it's not yours. I think you should think again about it. If I were you I'd use Electrum or Trust Wallet if I need multicurrency support.

[GazetaBitcoin]

Revolut is not a crypto wallet, do not let yourself be tricked into that! With Revolut you can send and receive money (fiat money), usually faster than using regular banks, but it certainly is not a crypto wallet. Similar with eToro, on Revolut you have CFDs (Contracts For Difference), not crypto. Which means that you have in possession the value if your crypto, not the cryptocurrency itself. You don't have a public key, nor a private key. It is not a crypto wallet.

[Husna QA]

I'm looking for some opinions on using Revolut as a crypto wallet, not an exchange. -snip-

What you should know first is the definition of an exchange and a cryptocurrency wallet. If I see, Revolut is an exchanger, not a cryptocurrency wallet.

We aren't issuing individual wallets at the moment.

-snip- Is it easy to move ethereum and bitcoin cash? Are there transfer limits? -snip-

Please see the Revolut platform terms regarding the following cryptocurrency transferring:

Please note that, at present, we do not support transferring cryptocurrency outside the Revolut platform, such as to an external wallet.

[Hispo]

I personally use Schildbach Bitcoin Wallet, it has been a flawless experience.
 

[gospelzm]

I have recently created EOS wallets both in Wombat and Ownr. How come that first one charges zero fee, while the latter $25?

I mean, I don't mind paying. On the contrary, I feel safer when I do, because when it's free, you become suspicious that it's some kind of a trick or something...

[Husna QA]

I have recently created EOS wallets both in Wombat and Ownr. How come that first one charges zero fee, while the latter $25?

I mean, I don't mind paying. On the contrary, I feel safer when I do, because when it's free, you become suspicious that it's some kind of a trick or something...

FYI, the topic in this thread is specifically for Bitcoin wallets. For a discussion of multi-coin/altcoin compatible wallets, please refer to the following boards: Altcoin Discussion or Wallet software

[joniboini]

Some centralized wallets usually offer discount or promotions to get new users, or they use the "free of fees" but then included "network fees are paid by users". Some Bitcoin wallet providers will do the same thing.

Anyway, if the wallet is non-custodial, you'll always need to pay some fees since you manage the wallet on your own. Be careful if you see a promotion like that.

[mikeauerbach]

My favorite wallets for Bitcoin are Ownr and Samourai.

[joniboini]

Ownr

I'd not put a closed source wallet as my favorites. Maybe for a small amount of money only, but I'd not use it as my main wallet. I hope you do the same.

[VivGaming12]

I have 2 questions: I am confused about this all "offline and hardware wallet thing"

the ledger company making the wallet know all the key phrase of a wallet. so how come a ledger wallet is 100% safe?

and

we have to connect every wallet to internet to use it (to send bitcoins) so I am confused about this offline wallet thing. how can we use a wallet offline? and how can we generate a wallets key if it is not online and connected to the blockchain?

[joniboini]

What? Which ledger are we talking about? Ledger that makes Nano S and so on? From where did you read that they know the key phrase generated by its users? If that's true don't you think no one would buy their wallets?

You don't have to be online to create a new wallet (where did you learn this?). You don't need to be online to sign a transaction either. Maybe you can read this for additional info https://bitcointalk.org/index.php?topic=5190202.0.