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Author Topic: Help me choose a bitcoin wallet.  (Read 2475 times)
HonestScript
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November 11, 2016, 04:08:41 AM
 #1

I've been searching for wallets and I'm not sure which to use.

My situation:
I want to try gambling on Fortune Jack. If i win something I'm simply going to cash out and never use bitcoin again, the same if i lose. Or maybe ill gamble again every once in a little while. But that's practically the full extent of my use for bitcoin.

So based on my personal use of bitcoin, what would be the best wallet for me?
I'm new to bitcoin in general so if someone could explain the process of selling as well, i would appreciate it.
Peace//
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November 11, 2016, 04:16:25 AM
 #2

I've been searching for wallets and I'm not sure which to use.

My situation:
I want to try gambling on Fortune Jack. If i win something I'm simply going to cash out and never use bitcoin again, the same if i lose. Or maybe ill gamble again every once in a little while. But that's practically the full extent of my use for bitcoin.

So based on my personal use of bitcoin, what would be the best wallet for me?
I'm new to bitcoin in general so if someone could explain the process of selling as well, i would appreciate it.
Peace//
I think you can try using mycelium, it is wallets bitcoin for android there are many features include you can change and make new wallet. And i think it is suitable for you because the usage of wallets for playing gambling.
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November 11, 2016, 04:18:33 AM
 #3

Blockchain is the wallet where I'm holding my bitcoins. That's a good site where I can cash out my coins very fast. As I know Blockchan is the most used wallet for many users of bitcoin. My recommendation to you is to not hold your bit coins on am exchanger, it is very risky.
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November 11, 2016, 04:27:43 AM
 #4

If I where you I'd use electrum or just a basic online wallet such as blockchain . info
You don't need to use the standard wallet as that will take days to catch up.
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November 11, 2016, 04:43:18 AM
 #5

If I where you I'd use electrum or just a basic online wallet such as blockchain . info
You don't need to use the standard wallet as that will take days to catch up.


Web wallets are unsafe af...

Just use an paper wallet if you will hold it forever, it's the most secure way...
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November 11, 2016, 04:45:10 AM
 #6

You obviously need lightweight wallet. So software wallets with full validation like Bitcoin Core, Armory, mSigna are disqualified from the start.

Next, do you need wallet for PC or mobile device? For PC I recommend Multibit HD or Electrum, for Android/iOs breadwallet.

The only online wallet I would use for gambling is blockchain.info - whatever you do, don't use Xapo for gambling - it is against their ToS.
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November 11, 2016, 04:47:27 AM
 #7

If I where you I'd use electrum or just a basic online wallet such as blockchain . info
You don't need to use the standard wallet as that will take days to catch up.


Web wallets are unsafe af...

Just use an paper wallet if you will hold it forever, it's the most secure way...

You can't say that bro, web wallets are not unsafe always, the blockchain one is pretty safe, I and a lot of my friends use it.

I'd also recommend blockchain as its universally available and more secure than other ones. As you're just trying to gamble and stuff, then your best option is using Blockchain.info wallet, so that you don't have to download the GBs of Blockchain data on your PC. There is no benefit in using the software one and don't think about hardware wallets if you are not using BTC heavily.
HonestScript
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November 11, 2016, 04:55:56 AM
 #8

You obviously need lightweight wallet. So software wallets with full validation like Bitcoin Core, Armory, mSigna are disqualified from the start.

Next, do you need wallet for PC or mobile device? For PC I recommend Multibit HD or Electrum, for Android/iOs breadwallet.

The only online wallet I would use for gambling is blockchain.info - whatever you do, don't use Xapo for gambling - it is against their ToS.

I need a wallet for pc laptop.
So would blockchain be the best for me? it seems the most suggested.
Or do i try  Multibit HD or Electrum.

Also do these wallets come with a way to sell? or do i have to find a website?
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November 11, 2016, 05:15:12 AM
 #9

You obviously need lightweight wallet. So software wallets with full validation like Bitcoin Core, Armory, mSigna are disqualified from the start.

Next, do you need wallet for PC or mobile device? For PC I recommend Multibit HD or Electrum, for Android/iOs breadwallet.

The only online wallet I would use for gambling is blockchain.info - whatever you do, don't use Xapo for gambling - it is against their ToS.
If your internet connection allows, you can use Bitcoin Core with pruning.


You obviously need lightweight wallet. So software wallets with full validation like Bitcoin Core, Armory, mSigna are disqualified from the start.

Next, do you need wallet for PC or mobile device? For PC I recommend Multibit HD or Electrum, for Android/iOs breadwallet.

The only online wallet I would use for gambling is blockchain.info - whatever you do, don't use Xapo for gambling - it is against their ToS.

I need a wallet for pc laptop.
So would blockchain be the best for me? it seems the most suggested.
Or do i try  Multibit HD or Electrum.

Also do these wallets come with a way to sell? or do i have to find a website?
PLEASE NEVER USE ANY SORT OF ONLINE WALLET, BLOCKCHAIN OR ANYTHING. [1] Electrum and MultiBit do not transfer your private keys anywhere and are comparatively much safer.

Most wallets that are safe do not offer a way to sell. Some online wallets like Xapo offers the feature of withdrawing through their debit cards. It won't be safe nor cheap.
[1] https://www.reddit.com/r/Bitcoin/comments/573lis/it_looks_like_blockchaininfo_has_been_dns_hijacked/

- Hackers can very very easily compromise your security through man in the middle attack.

There were several issues affecting the RNG in the past.














 

 

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shinratensei_
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November 11, 2016, 05:21:00 AM
 #10

If I where you I'd use electrum or just a basic online wallet such as blockchain . info
You don't need to use the standard wallet as that will take days to catch up.

+1
for securing your amount we will suggest you for using electrum wallet and if you need other is more complex than electrum using the blockchain wallet are be the best way for that.

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HonestScript
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November 11, 2016, 05:27:50 AM
 #11


[/quote]
PLEASE NEVER USE ANY SORT OF ONLINE WALLET, BLOCKCHAIN OR ANYTHING. [1] Electrum and MultiBit do not transfer your private keys anywhere and are comparatively much safer.

Most wallets that are safe do not offer a way to sell. Some online wallets like Xapo offers the feature of withdrawing through their debit cards. It won't be safe nor cheap.
[1] https://www.reddit.com/r/Bitcoin/comments/573lis/it_looks_like_blockchaininfo_has_been_dns_hijacked/

- Hackers can very very easily compromise your security through man in the middle attack.

There were several issues affecting the RNG in the past.
[/quote]



I guess ill give Electrum and MultiBit a look. Can you give me a safe place to buy Bitcoins.
Also, FortueJack offers a way to buy Bitcoins through their website. would that be safe?
perla
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November 11, 2016, 05:28:16 AM
 #12

electrum and blockchain if you want to use web wallet service, i always use blockchain before deposit to gambling site

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November 11, 2016, 05:30:04 AM
 #13

There is a Operating system, called "Tails" which you download from the internet, and it's got a Bitcoin wallet built into the OS. You boot up with it, bypassing most of the viruses that target more commercial Operating systems and then you create your wallet. It took me a few hours to download the OS, burn the ISO to a DVD and then 5 minutes to configure the wallet.

Certainly not the best way to do it, but a bit safer that Windows based applications. ^smile^

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November 11, 2016, 05:55:22 AM
 #14

I have used blockchain.info from my starting days till now and as they provide quite simple user interface also and your account will be associated with your email address so it will be like using traditional payment gateway. But don't forget your password during registration because password can't be recovered.

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November 11, 2016, 06:18:42 AM
 #15

you should first understand how each of these wallets work and the risks that come with each of them. it is not hard though.
for example since you want to gamble you should forget about web wallets like coinabse, but you can use blockchain.info and remember that it is a web wallet so you are susceptible to hacking.
and as for electrum or other desktop wallets, as long as you keep your computer clean and watch out you will be ok.

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November 11, 2016, 06:27:09 AM
 #16

When I started I was suggested xapo, blockchain and coinbase. After seeing all the three mentioned above, I. decided to go with coinbase. I felt it was relatively easy and simple to use. However you should select one that gives you access to the keys. You should also decide on your btc capacity. Take suggestions, but Google also, it's your money dude. Read every suggestions well, I had a similar post about btc wallet you could read that also.

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November 11, 2016, 06:27:22 AM
 #17

I guess ill give Electrum and MultiBit a look. Can you give me a safe place to buy Bitcoins.
Also, FortueJack offers a way to buy Bitcoins through their website. would that be safe?
You can buy using coinbase if you are from US and localbitcoin works for everyone. Also in bitfinex, kraken, bitstamp etc.
It should be safe but if you have doubt use a reputable exchange like mentioned above.
Be moderate in gambling btw, you wouldn't want to loose all your money. Goodluck.
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November 11, 2016, 06:30:27 AM
 #18

I guess ill give Electrum and MultiBit a look. Can you give me a safe place to buy Bitcoins.
Also, FortueJack offers a way to buy Bitcoins through their website. would that be safe?
You can buy using coinbase if you are from US and localbitcoin works for everyone. Also in bitfinex, kraken, bitstamp etc.
It should be safe but if you have doubt use a reputable exchange like mentioned above.
Be moderate in gambling btw, you wouldn't want to loose all your money. Goodluck.

I think fortunejack site is quite reputed site so if you don't have any other option then you can buy from them. But for wallet you can use blockchain or XAPO account, both are good for gambling. XAPO don't have any charges for sending money and transactions also quite faster.

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November 11, 2016, 06:36:44 AM
 #19

I think the best option is Multibit HD its lightweight and easy to install and it seems to have a way to buy and sell bitcoins directly from the wallet but I don't know how to use that feature.  

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November 11, 2016, 07:01:54 AM
 #20

I've been searching for wallets and I'm not sure which to use.

My situation:
I want to try gambling on Fortune Jack. If i win something I'm simply going to cash out and never use bitcoin again, the same if i lose. Or maybe ill gamble again every once in a little while. But that's practically the full extent of my use for bitcoin.

So based on my personal use of bitcoin, what would be the best wallet for me?
I'm new to bitcoin in general so if someone could explain the process of selling as well, i would appreciate it.
Peace//

there's so many good bitcoin wallet for , for example the blockchain wallet you can also use bitcoin core wallet which is indexed above the forums navigation list and it also has an android app . but i think it is more convenient for you to use a light wallet which can be used even on the web or phone .

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