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

[BrotherMencius]

Thanks for the replies :-)

So I went ahead and ordered a Ledger Nano S, it arrived today so I've been trying to transfer from my bitcoin.com wallet.

I get a message saying my wallet address isn't valid. I hit up support on bitcoin.com; turns out they can't send to wallets with an address that begins with a "b"? So I have to send my funds via a wallet that can send to "b" wallets?

*feels old and confused*

[1715417696]

1715417696

[1715417696]

1715417696

[joniboini]

I get a message saying my wallet address isn't valid. I hit up support on bitcoin.com; turns out they can't send to wallets with an address that begins with a "b"? So I have to send my funds via a wallet that can send to "b" wallets?

You can create a new wallet that starts with 1 or 3 with Electrum (connected to your ledger). Take a look at some guides on how to create/manage segwit/legacy addresses using Electrum+Ledger Nano s or Ledger Live, such as https://bitcointalk.org/index.php?topic=5218214.0. Take your time to learn, happy reading. CMIIW.

[BrotherMencius]

Thanks, I think I figured it out using Blockstream Green.

I get a message saying my wallet address isn't valid. I hit up support on bitcoin.com; turns out they can't send to wallets with an address that begins with a "b"? So I have to send my funds via a wallet that can send to "b" wallets?

You can create a new wallet that starts with 1 or 3 with Electrum (connected to your ledger). Take a look at some guides on how to create/manage segwit/legacy addresses using Electrum+Ledger Nano s or Ledger Live, such as https://bitcointalk.org/index.php?topic=5218214.0. Take your time to learn, happy reading. CMIIW.

[OmegaStarScream]

You can create a new wallet that starts with 1 or 3 with Electrum (connected to your ledger). Take a look at some guides on how to create/manage segwit/legacy addresses using Electrum+Ledger Nano s or Ledger Live, such as https://bitcointalk.org/index.php?topic=5218214.0. Take your time to learn, happy reading. CMIIW.

Electrum's latest version creates SegWit wallet by default. The only way to create a legacy address would be to use the command-line tool and I'm not sure if that's possible when connecting to a hardware wallet.

Thanks, I think I figured it out using Blockstream Green.

In case you haven't or you faced any issue, please feel free to ask. We're here to help.

[Samrita]

I need help please anyone can help me?

[Crypto Eng.]

There are many different types of wallets, so choosing the right wallet depends on the preferences of the users, and the type of different transactions they want to perform, you can choose the most popular wallets such as blockchain, payeer, trust and other popular wallets.

[RickDeckard]

Regarding the Cobo Vault stated in the original thread, I would like to call for attention for a small "discussion" started by dkbit and latter followed by myself - [ANN] Cobo Vault Second-Generation Launch - QR Code Air-Gapped Hardware Wallets. Short version - Cobo Vault (or at least the team behind the hardware wallet) parted ways with the Cobo company and have now started their own hardware wallet - Keystone. This basically is a Cobo Vault but rebranded - the team and CEO behind the device are the same. The announcement from the CEO is quite recent (almost a week old) and we still don't know much, but this new direction was made to give more attention and allocate more resources into the hardware device, so I guess it's not bad?

@Lauda, if possible, whenever you can could you please change the reference to Cobo Vault in the original thread?

[dudeminer@]

about 2 weeks ago I send a mall amount of btc  to an exchange and still have not recieved into exchange balance, the btc shows up on the sending wallet a conflicted transaction? will this resolve in time and the blockchain will reject and send back to sent wallet or is it lost forever?

Thank you for any help

[RickDeckard]

about 2 weeks ago I send a mall amount of btc  to an exchange and still have not recieved into exchange balance, the btc shows up on the sending wallet a conflicted transaction? will this resolve in time and the blockchain will reject and send back to sent wallet or is it lost forever?

Thank you for any help

This is not the right place to discuss the issue as it may get lost in the remaining discussion (basically bitcoin wallets and such). I would advise you to create a thread at the original sub forum (https://bitcointalk.org/index.php?board=39.0) if you intend to provide more details about your issue (such as which exchange you've used, your transaction ID, where did you sent it from)...

[OmegaStarScream]

about 2 weeks ago I send a mall amount of btc  to an exchange and still have not recieved into exchange balance, the btc shows up on the sending wallet a conflicted transaction? will this resolve in time and the blockchain will reject and send back to sent wallet or is it lost forever?

Thank you for any help

Which wallet and exchange were you using for this operation? I doubt the transaction hasn't confirmed yet with the current mempool state. Can you post the ID of the transaction?

@RickDeckard Regarding the changes you're requesting, Lauda has left the forum: https://bitcointalk.org/index.php?topic=5282911.msg55407286#msg55407286

[RickDeckard]

Which wallet and exchange were you using for this operation? I doubt the transaction hasn't confirmed yet with the current mempool state. Can you post the ID of the transaction?

The user itself has already created a dedicated thread for his issue - altough he "forgot" to mention that he was talking about a transaction of DOGE, and not BTC -> My answer in his thread

@RickDeckard Regarding the changes you're requesting, Lauda has left the forum: https://bitcointalk.org/index.php?topic=5282911.msg55407286#msg55407286

Oh sorry didn't knew that... Guess I'll let anyone know about that change whenever the discussion arises... Thank you!

[Ethan151]

Is there any way a password can recover if forgotten and is there somewhere  I can state my complains and be expecting positive reply.

[nc50lc]

Is there any way a password can recover if forgotten -snip-

That totally depends on the wallet,
if it's a "custodial wallet" or "custodial service", then it's their customer support or recovery page if they have one.
Example of those are: Exchanges, some mobile wallets and most online wallets.

If it's a "non-custodial wallet", it's up to your own effort to recover your password.
Options mainly involves bruteforcing of the password or using other forms of backup like "seed phrase" to re-create the wallet.
Example of those wallets are: Hardware wallets, Bitcoin Core, Electrum, Mycelium, some online wallets like Blockchain.com.

and is there somewhere  I can state my complains and be expecting positive reply.

Mostly in yoga class or during recreational activity  

[riskyron]

If you decide for a non-custodial wallet, make sure to write down your seed phrase and store it in a safe place. My friend lost access to his wallet once when he was a newbie to crypto. Good thing there wasn't much in that wallet.

[Litespirit]

Hi!

This wallet thing is way too confusing for a newbie like me..

One simple question: Best free BTC wallet for a beginner that works both on desktop and mobile?

Thanks in advance!

[examplens]

Hi!

This wallet thing is way too confusing for a newbie like me..

One simple question: Best free BTC wallet for a beginner that works both on desktop and mobile?

Thanks in advance!

there is no good answer here. something that is best for me does not mean that it will be good for you, and vice versa.
when I started with cryptocurrencies, nine years ago, I started with blockchain.info (now blockchain.com) and a little later with Coinbase. Both of them works on desktop and have their mobile app ^{I think for both, android and for iOS}.
that's if it means anything to you, they've been working for years, it could be a recommendation but nothing is certain and no one will care about your money except you.

[nc50lc]

This wallet thing is way too confusing for a newbie like me..

That "wallet thing" is actually a storage of private keys that has the capability to spend coins from the blockchain which is stored in each of the full nodes.
The security is up to your capability, OS, etc. (and the wallet software of course).

"Other wallets" like Coinbase aren't in the list because those are not actually wallets but a custodial service where that company is the actual hodler of your coins.
This time, they are the ones that will protect your coins and all you have to keep safe is your account and password.

One simple question: Best free BTC wallet for a beginner that works both on desktop and mobile?

There's already a list in the OP that have entries for both Android, IOS and Desktop.
Based from what I've said above about custodial wallets, as long as both wallets contain the same private keys, they'll work simultaneously without issues even if it's not the same wallet.
You can achieve that by restoring the wallet's backup (usually a 12/24-word phrase) to the other, but some aren't compatible.

Note: Given that you want to use it in both platforms and will contain the same keys, if one was compromised, the other will be as well.

TL;DR
One simple answer: By looking at your other post, wallets do not contain free bitcoins even in the early days of Bitcoin,
most wallets are free to use and I don't think there are any "pay-to-use Bitcoin wallets".
Do an extensive research about "custodial wallets" and after you gained confidence, you can now use that wallet.
Here's the board for wallet software where you can ask questions: https://bitcointalk.org/index.php?board=37.0

[Litespirit]

Hi!

This wallet thing is way too confusing for a newbie like me..

One simple question: Best free BTC wallet for a beginner that works both on desktop and mobile?

Thanks in advance!

there is no good answer here. something that is best for me does not mean that it will be good for you, and vice versa.
when I started with cryptocurrencies, nine years ago, I started with blockchain.info (now blockchain.com) and a little later with Coinbase. Both of them works on desktop and have their mobile app ^{I think for both, android and for iOS}.
that's if it means anything to you, they've been working for years, it could be a recommendation but nothing is certain and no one will care about your money except you.

Thanks!

In the case of coinbase, they require the user's phone number and I find that bizarre considering the purpose of a crypto wallet. I'll try blockchain it's been around since the beginning.

This wallet thing is way too confusing for a newbie like me..

That "wallet thing" is actually a storage of private keys that has the capability to spend coins from the blockchain which is stored in each of the full nodes.
The security is up to your capability, OS, etc. (and the wallet software of course).

"Other wallets" like Coinbase aren't in the list because those are not actually wallets but a custodial service where that company is the actual hodler of your coins.
This time, they are the ones that will protect your coins and all you have to keep safe is your account and password.

One simple question: Best free BTC wallet for a beginner that works both on desktop and mobile?

There's already a list in the OP that have entries for both Android, IOS and Desktop.
Based from what I've said above about custodial wallets, as long as both wallets contain the same private keys, they'll work simultaneously without issues even if it's not the same wallet.
You can achieve that by restoring the wallet's backup (usually a 12/24-word phrase) to the other, but some aren't compatible.

Note: Given that you want to use it in both platforms and will contain the same keys, if one was compromised, the other will be as well.

TL;DR
One simple answer: By looking at your other post, wallets do not contain free bitcoins even in the early days of Bitcoin,
most wallets are free to use and I don't think there are any "pay-to-use Bitcoin wallets".
Do an extensive research about "custodial wallets" and after you gained confidence, you can now use that wallet.
Here's the board for wallet software where you can ask questions: https://bitcointalk.org/index.php?board=37.0

Thank you for your thorough reply!
All I wanted to say is there are too many wallets to choose from, and being new to crypto, I want to open a wallet that is relatively easy to use ant that is secure compared to other available counterparts.

I remember back in the days somebody who was given bitcoin as gift so that he would use a wallet or a miner, It was a couple years back, i can't remember exactly what it was.

 

[OmegaStarScream]

In the case of coinbase, they require the user's phone number and I find that bizarre considering the purpose of a crypto wallet. I'll try blockchain it's been around since the beginning.

It has been around since the beginning but that doesn't make it safe to use, online wallets are far from being a good choice. I would just go with a hardware wallet if I were you, you can store all cryptocurrencies, and you don't have to worry about the safety of your funds. If you don't have a budget for that then Electrum for PC and Mycelium for android for BTC. For other cryptos and tokens, you've got MetaMask.

[Litespirit]

In the case of coinbase, they require the user's phone number and I find that bizarre considering the purpose of a crypto wallet. I'll try blockchain it's been around since the beginning.

It has been around since the beginning but that doesn't make it safe to use, online wallets are far from being a good choice.

Totally agreed. I didn't have the time to look at blockchain yet but since it is an online custodial service and not a real wallet, I won't bother with it. It's like a bank, might use your money as they like, including stealing it like mtgox.com.

No online "wallets", that makes sense. Not comfortable with a hardware wallet because it might be stolen, lost, etc.         

A desktop/mobile software wallet, that is the deal.