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Author Topic: Best bitcoin wallet  (Read 101942 times)
krazy4
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April 18, 2013, 04:04:16 AM
 #1

Been lurking on here for awhile now, figured I'd make a post.

Looking for the most stable and secure wallet.
I was using my bitfloor account to hold everything, but they just went down for good apparently. Got my money out so that was nice.

Thanks for the help guys.
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Alexstrazsa
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April 18, 2013, 04:11:27 AM
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I've been using MultiBit recently, which looks nice enough. Has built in charts, good transaction history, and can even show current value from sites like BTC-E and Bitstamp, then show you how much your wallet is worth in the currency of your choice.
18RATTT
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April 18, 2013, 04:14:26 AM
 #3

i started wth blockchain.info/wallet and coinbase.com

markjcc
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April 18, 2013, 04:15:29 AM
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Coinbase is good its clean and User friendly.
krazy4
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April 18, 2013, 04:19:23 AM
 #5

I've been using MultiBit recently, which looks nice enough. Has built in charts, good transaction history, and can even show current value from sites like BTC-E and Bitstamp, then show you how much your wallet is worth in the currency of your choice.

Thanks, I'll check it out.

Coinbase is pretty good. Forgot I had an account there. Went from coinbase to bitfloor and didn't look back. Now bitfloor is gone Sad
Any other exchange platform that accepts bank of america cash deposits?
Elwar
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April 18, 2013, 04:21:26 AM
 #6

Only put money on online wallets that you are willing to lose.

Store your savings offline with something like the Armory wallet or generating your own public/private key with VanityGen or at the very least use the standard client and encrypt your wallet.

For spending money you can use online wallets like blockchain.info or any of the other established exchanges. I keep a few BTC on MtGox for spending money.

First seastead company actually selling sea homes: Ocean Builders https://ocean.builders  Of course we accept bitcoin.
JordanL
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April 18, 2013, 04:29:21 AM
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Blockchain.info has been the most reliable for me, and has the largest user base. They have been down for at least an hour as of right now though, so I'm not thrilled about that.

If you are serious about protecting your Bitcoins, and don't want to have to trust anyone, install Bitcoin-QT (get download link from Bitcoin.org), wait for the blockchain to download (at least overnight), and then set up armory and use that for your wallet (bitcoinarmory.com).

Store your coins on a cold wallet, or paper wallet, until you want to use them. Make sure you back up your wallet and keep it in a very safe place.

https://bitcoinarmory.com/using-offline-wallets-in-armory/
krazy4
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April 18, 2013, 04:56:47 AM
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Sweet! Thanks for all the info guys!
InstaDice
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April 18, 2013, 05:05:16 AM
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Coinbase is good its clean and User friendly.

I also enjoy using Coinbase as well -- it's actually where I bought my first coins and store them (2-step authentication is awesome!) The only quarrel I have with them is their 10 btc/daily limit (Mt.Gox/BTC-e/other exchanges are better for buying large amounts of cryptos) - I've missed many opportunities to purchase at $50-$70 because of this. It's ok though, I'm still happy with their service and I'm still buying 10 btc/day* with them.

*Once I hit 30 days after my first purchase of 10 btc, it gets upgraded to 50 btc/day... I can't wait!!!
shibaji
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April 18, 2013, 05:09:37 AM
 #10

blockchain.info and coinbase

Offline paper wallet or your own PC client is good, if you want to deal with all the backup stuff. If you are rich do that, otherwise above two are good enough.
hopelessinvestor
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April 18, 2013, 06:27:14 PM
 #11

For online wallets, I like using blockchain, they allow double encryption, so you have 1 password to login to your account and a 2nd password to send out coins (which may help if you ever have your 1st password intercepted).

The sad part is, since bitfloors gone down, according to blockchains twitter, blockchain has been getting hit HARD with DDOS attacks so their servers are currently denying service.
methinx
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April 18, 2013, 06:38:46 PM
 #12

I would recommend an offline wallet like this one for Android: https://play.google.com/store/apps/details?id=de.schildbach.wallet (Make sure you backup the private keys after big transfers!)

It feels more secure then all online wallets. There is always a change on downtime/hacking or something else that can cause you to loos your money.
shcnard
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April 18, 2013, 07:00:11 PM
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I have been using Armory. Pretty easy to use and full of features.

https://bitcoinarmory.com/
canoe
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April 18, 2013, 07:23:10 PM
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Here is an article I read that helped me choose a wallet:

http://bitcoinmagazine.com/bitcoin-wallet-options/

cryptometer.org Altcoin blockchain charts Donate! --- BTC 1P5QspaqhyHZXnTVPeMxssRXu6ABAovcBg --- LTC LV1xYnfgsH5PPdgNS4EhZsuNyVMdeiafcK
reannypleas
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April 18, 2013, 07:26:11 PM
 #15

Here is an article I read that helped me choose a wallet:

http://bitcoinmagazine.com/bitcoin-wallet-options/

cool, very helpfull, thank you for sharing the article

rdegges
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April 18, 2013, 07:26:42 PM
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I use the official bitcoin client, as well as Coinbase. Also: if you're using Coinbase, you can use this terminal application to manager your account (buy, sell, transfter bitcoin): http://rdegges.github.io/btc/
linuxnewbie
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April 18, 2013, 07:29:07 PM
 #17

Electrum (electrum.org) is very easy to use and works great on my antiquated machine. I have multiple wallets with non-zero balances that I've deleted but can restore anytime using the 12-word seed, which I have encrypted and stored in multiple locations.

See: https://en.bitcoin.it/wiki/Electrum

Despite being a long-time lurker on this forum, I've never read anything suggesting that it is, or is not, a safe enough solution for large balances.
New_Frontier
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April 18, 2013, 07:54:09 PM
 #18

One more for Blockchain.info!
BitcoinBoss
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April 18, 2013, 08:19:08 PM
 #19

Is there any reason not to use the basic Bitcoin QT wallet? Has worked for me so far. I don't like the idea of web based wallets, too easy to lose everything if the site gets hacked or goes down.  Smiley

FREE BITCOIN ! ---> FreeBitco.in (Faucet + Multiplier) <--- FREE BITCOIN !
DannyHamilton
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April 18, 2013, 08:48:01 PM
 #20

Is there any reason not to use the basic Bitcoin QT wallet? Has worked for me so far. I don't like the idea of web based wallets, too easy to lose everything if the site gets hacked or goes down.  Smiley

If you use a reasonably complex password, your private keys are safely encrypted in blockchain.info's database so your coins are safe from hackers, and blockchain.info allows you to receive backups of your wallet so you can access your bitcoins if the site goes down.
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