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Author Topic: Help me choose a bitcoin wallet.  (Read 2456 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.
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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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November 11, 2016, 08:08:13 AM
 #21

much better to choose blockchain bitcoin wallet or local bitcoin wallet in your country which is offering the best services that you can used more that the other bitcoin wallet. And much better to have more bitcoin wallet to lessen the risk of your money.

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NeuroticFish
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November 11, 2016, 08:14:55 AM
 #22

Electrum would be the easiest choice imho. Just please make sure your computer is also safe and free of viruses/trojans/keyloggers.
The wallet is light, easy to use, pretty safe and you hold control of it 100%, so even if you win a fortune you will fear that somebody else has access to your money. And it syncs instantly.

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DodoB
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Activity: 504


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November 11, 2016, 09:16:52 AM
 #23

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 recommend multibit classic,it's pretty easy to use and comfortable to work with,the UI is also clean without excessive colors.
kalpit
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November 11, 2016, 11:04:54 AM
 #24

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//

Since you appear to be new to Bitcoin, I would recommend you not to use offline wallets.
You should use don't online Bitcoin services like Coinbase and Xapo.

Big Coinbase and Xapo can let you store ,send, receive, buy and sell Bitcoins. Both of them are trusted ones.
Benefit of Xapo would be that you don't have to pay transactions fees(not very high).

For you, i would recommend ty use Coinbase or Xapo for selling Bitcoins rather than using other exchanges.

Hope it helps


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justdimin
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Activity: 686



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November 11, 2016, 03:47:54 PM
 #25

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//
Better try use block.io , they do not have issues based on where the bitcoin is coming from but if you try use online wallet like coinbase  that may land you into serious trouble that your money could get lost at the the end because they hate gambling activities.

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equator
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November 11, 2016, 04:24:59 PM
 #26

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//

First is if you are going to use for gambling then dont go for online web wallet instead download desktop wallet as i am using electrum i can suggest it but you can try other also. As in desktop wallet you will be having full control of the bitcoin address with keys so in future if any problem you can sign message and no one will ask you anything if you are going to use bitcoin for any purpose














 

 

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ranochigo
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November 11, 2016, 05:20:46 PM
 #27

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.



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?

I would recommend Bitfinex or coinbase for buying Bitcoins. When using coinbase, it is recommended to use a mixer before transferring to your own address.
-snip-
Since you appear to be new to Bitcoin, I would recommend you not to use offline wallets.
You should use don't online Bitcoin services like Coinbase and Xapo.

Big Coinbase and Xapo can let you store ,send, receive, buy and sell Bitcoins. Both of them are trusted ones.
Benefit of Xapo would be that you don't have to pay transactions fees(not very high).

For you, i would recommend ty use Coinbase or Xapo for selling Bitcoins rather than using other exchanges.

Hope it helps
There is 0 disadvantages of using a desktop wallet especially since nearly all of them uses a seed which would allow the addresses to be accessible from several devices. The UI is friendly enough, even for paper wallets and Armory in offline mode.














 

 

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kalpit
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November 11, 2016, 05:33:08 PM
 #28


-snip-
Since you appear to be new to Bitcoin, I would recommend you not to use offline wallets.
You should use don't online Bitcoin services like Coinbase and Xapo.

Big Coinbase and Xapo can let you store ,send, receive, buy and sell Bitcoins. Both of them are trusted ones.
Benefit of Xapo would be that you don't have to pay transactions fees(not very high).

For you, i would recommend ty use Coinbase or Xapo for selling Bitcoins rather than using other exchanges.

Hope it helps
There is 0 disadvantages of using a desktop wallet especially since nearly all of them uses a seed which would allow the addresses to be accessible from several devices. The UI is friendly enough, even for paper wallets and Armory in offline mode.

I was recommending use of online wallet as-
1. He can directly but, sell Bitcoins there
2. He is new to it
3. He is only willing to use it for a specific thing. ( Maybe to be used only for done days). So why download the application.
4. I feel online wallets are easier to understand. There are support sections.
5. For desktop wallets, applications must be  installed on each of the device.
6. It would be easier to remember passwords of Coinbase or Xapo.
7. I don't think he needs things such as paper wallets, offline mode.


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ranochigo
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November 12, 2016, 03:10:48 AM
 #29

I was recommending use of online wallet as-
1. He can directly but, sell Bitcoins there
The two online wallets you mentioned has very specific policies regarding transactions related to gambling. If they see any transactions that involves a gambling site, they may close your account without any notice.
2. He is new to it
4. I feel online wallets are easier to understand. There are support sections.
How hard is it to find the send and receive button? Online wallets are not any better in terms of UI. And this:
https://bitcointalk.org/index.php?board=98.0
https://bitcointalk.org/index.php?board=99.0
http://docs.electrum.org/en/latest/faq.html
3. He is only willing to use it for a specific thing. ( Maybe to be used only for done days). So why download the application.
I'm not sure how hard it is to take 2 minutes to install a program as opposed to creating the account in 5 minutes. Desktop wallets gives you a lot more privacy and security.
5. For desktop wallets, applications must be  installed on each of the device.
How many do you want. If you are going to use a web wallet, you would probably be downloading it to your phone too.
6. It would be easier to remember passwords of Coinbase or Xapo.
Does anyone still memorise their private keys?
7. I don't think he needs things such as paper wallets, offline mode.
Neither do I. I just gave it as an example that desktop wallets are as, if not more user friendly than web wallets.














 

 

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kalpit
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November 12, 2016, 03:46:56 PM
 #30

I was recommending use of online wallet as-
1. He can directly but, sell Bitcoins there
The two online wallets you mentioned has very specific policies regarding transactions related to gambling. If they see any transactions that involves a gambling site, they may close your account without any notice.
If I'm right, Xapo is based in Switzerland. So, it does not restrict gambling transactions.
But yes, you are right for Coinbase(US based), it has closed several accounts for gambling site transactions.

2. He is new to it
4. I feel online wallets are easier to understand. There are support sections.
How hard is it to find the send and receive button? Online wallets are not any better in terms of UI. And this:
https://bitcointalk.org/index.php?board=98.0
https://bitcointalk.org/index.php?board=99.0
http://docs.electrum.org/en/latest/faq.html

Personally, I feel UI of Online wallets is good.



3. He is only willing to use it for a specific thing. ( Maybe to be used only for done days). So why download the application.
I'm not sure how hard it is to take 2 minutes to install a program as opposed to creating the account in 5 minutes. Desktop wallets gives you a lot more privacy and security.
Yes, you are correct that it can take more time for setting up online wallet.
But security isn't a concern of online wallets.(Only concern is the wallet company scams;  Coinbase Xapo are trusted) We have an option to set 2FA + password. Also, while making any transaction, your IP would not be revealed at the blockchain.


6. It would be easier to remember passwords of Coinbase or Xapo.
Does anyone still memorise their private keys?
NO, I'm not telling about memorising the key.
He may misplace his private key.

Yes, but that's not a big point.


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CraigWrightBTC
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November 18, 2016, 04:29:18 AM
 #31

I have used jaxxi.io wallets couple months ago and everything went fine, i can use jaxxio for save bitcoin, ETC, ETH, LTC, DASH, ZCash, augur and RSK for Beta tester. Jaxxio is support for smartphone too it is very simple usage. For more the informations you can check on here https://jaxx.io/
craZyLovE0916
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December 03, 2016, 06:09:19 PM
 #32

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 used COINOMI apps for my mobile wallet..
This is easy to used for gambling for me.. It easy to change btc to other currency...
... Easy to loose btc in gambling..
Use more currency.. Like litecoins dash etherium.. To balance your money in gambling..




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XXX_BTC1@
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November 03, 2017, 06:22:05 AM
 #33

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//

electreum is the best wallet so once you have to try and use this wallet for your need. in this wallet have security and great saving power of bit coin. if we have to reavel our passwords and private keys to others nothing to worry about this. so electreum is the best and secure wallet for using. you try to use this wallet never leave this.and it is easy to change bit coin to other currency so once youhave to check and use electreum wallet. if you interest to use hardware wallet then try once trezor wallet it can also provide security to your bit coin and your private keys.
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