shamzblueworld
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August 15, 2017, 03:26:30 AM |
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I have gladly and successfully moved to Electrum now, had used MultiBit HD from my first day of bitcoin, for about a year, but now it always lags, many bugs and problems including not been able to login into the wallet, hence had to move. So Electrum is the best at the moment for me.
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coinluisa
Member
Offline
Activity: 626
Merit: 10
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August 15, 2017, 05:01:39 AM |
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Which one suits you the most?
I use local bitcoin wallet because this is the easy-to-use bitcoin wallet to my country, its easy to change to cash incase I need it.
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LuanX3
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August 15, 2017, 05:46:32 AM |
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Which one suits you the most?
I use local bitcoin wallet because this is the easy-to-use bitcoin wallet to my country, its easy to change to cash incase I need it. That's not a wallet. Just so you know, it is not a wallet because it is some sort of a storage for your bitcoins that will be sold. Technically that is not a wallet. Online wallets are like coinbase or blockchain.info.
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Predator25
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August 15, 2017, 05:48:41 AM |
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Blockchain had been my favorite wallet but the issue of transaction fees and slow confirmation is making me to have a change of this wallet, nevertheless I like all the features of this wallet especially its security features which makes its difficult to be hacked or traced. I hope with the introduction of lightning system network the issue of slow confirmation will be sough out.
I also have online wallet like this. I store my bitcoins there and it is secured. I also like the features of this wallet. But ii also prefer offline wallet like coins.ph to store my bitcoins. It has full security and verification so it couldnt access by others unless you tell the code to them.
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Stedsm
Legendary
Offline
Activity: 3052
Merit: 1273
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August 15, 2017, 06:13:47 AM |
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I use an exchange wallet because it's currently the most reliable and popular wallet in India and that's ZebPay. Zebpay had been into business since years, was found in 2015 and had been very promising since then as well as everything from mobile top-ups to bill payments have been given in the app so their users may use the provided facilities without much hesitation.
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DoublerHunter
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August 15, 2017, 01:11:40 PM |
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I used only coinbase.com
Same here.like you a lso using coinbase wallet.but simetimes i felt some problem with coinbasse.I think its their maintenance problem.However, no one online wallet are safe to use.only desktop or hardware wallet are safe for using as a wallet.so i am thinking about other Waller, Will move soon another wallet. If you want the safes possible wallet for bitcoin or any cryptocurrency then buy some hardware wallet as it is the best option for security because they are working offline and online so you don't need to worry for the possible things to happen like getting stole of bitcoins by the hackers by just bypassing our online accounts and etc., with hardware wallet is all encrypted and it is on the highest security possible so it is the best option for the serious holders.
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Qwamboo
Newbie
Offline
Activity: 1
Merit: 0
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August 15, 2017, 01:22:07 PM |
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I´m using https://www.bitcoin.de/. Traded there many times. It`s safe and serious! Good luck and have fun!
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nuela
Full Member
Offline
Activity: 145
Merit: 100
Blocklancer - Freelance on the Blockchain
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August 15, 2017, 01:34:53 PM |
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I only use a wallet that everyone can trust, and who has a personal kumci. I use blockchain for online wallets and mycelium for mobile wallet. Easy to use, simple, easy connection and quite secure.
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John Wick
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August 15, 2017, 01:36:25 PM |
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Be careful and make sure you hold the private keys of your wallet, otherwise, you be in danger and your bitcoins can be stolen by others.
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Maheshkumar_Hrangkhawl
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August 15, 2017, 01:40:34 PM |
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Right now I am using a Blockchain.info online wallet. I prefer it, because it is easier to export the private keys and set the transaction fee. But I am seriously considering two other options. The first one is moving my coins to a paper wallet. I heard that it is more secure than online wallets. The second option is the purchase of a hardware wallet. Affordability is an issue here.
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RoadToBTC
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August 15, 2017, 02:35:11 PM |
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Electrum for offline wallet and blockchain for the online one. I use both for more than 2 years now.
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mondobitcoin
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August 15, 2017, 03:21:19 PM |
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I think offline wallet its most safer than online wallet, but i use blockchain and i did not have any problem
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EnF0Rc3r
Full Member
Offline
Activity: 128
Merit: 100
M. PD&S
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August 15, 2017, 07:32:07 PM |
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Blockchain for now, easy to use, and you can also sign a message there.
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Biggapp
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August 15, 2017, 08:26:00 PM |
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Electrum for offline wallet and blockchain for the online one. I use both for more than 2 years now.
no doubt electrum is good to use and it is safe and secure. I am using electrum and I get to know that it is very safe and secured to save bitcoins and it is very convenient to install in your phone and computer and even having a backup key is very easy in this case if your phone get crashed then also it will be very easy for you to collect your bitcoin again n a very short time.
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whaawh
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August 15, 2017, 08:39:18 PM |
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Electrum for offline wallet and blockchain for the online one. I use both for more than 2 years now.
no doubt electrum is good to use and it is safe and secure. I am using electrum and I get to know that it is very safe and secured to save bitcoins and it is very convenient to install in your phone and computer and even having a backup key is very easy in this case if your phone get crashed then also it will be very easy for you to collect your bitcoin again n a very short time. I completely agree with you about your wallet, but so far I have not yet found a Bitcoin wallet suitable for me, so that there is a real exchange for Fiat or even a withdrawal to any bank card of money. Maybe I want a lot, but for me it would be very easy.
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bitcoinjames6
Newbie
Offline
Activity: 47
Merit: 0
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August 16, 2017, 04:45:00 AM |
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I'm sure someone else has left a similar post to mine below somewhere along the line in this thread, but since it is a pretty long thread on a very important topic, I would imagine some readers will find this helpful.
This is my personal approach, there are other ways to go of course.
So, it seems that lots of the YouTube videos and research that I have done boil down to a few main principles.
- If you are going to hold on an exchange, only hold what you are willing to lose. That said, I have never had any issues holding some crypto on Coinbase and Kraken. I had some crypto on Coinbase for some time while I waited for my hardware wallet and never had any issues. I have a very low amount (next to nothing) on Kraken and that has never been an issue. Nonetheless, it seems best to not hold on an exchange.
Assuming that you are not going to hold anything on an exchange, it gets down to a couple points:
1) For larger amounts (which will be relative for each person) - make sure to hold on cold storage. I personally use the Ledger Nano S. I have heard great things about the Trezor as well. I checked YouTube for a Trezor set up video and it is quite similar to the Ledger Nano S. The single most important point thought is to make sure you BACK UP YOUR RECOVERY PHRASE!! This involves at least writing it down on the card provided. I made sure to make a copy of the backup and place it in a different location (so I have two backups that are separated from each other). If you are holding a large amount then it might be worth considering a safety deposit box at a bank. As you will no doubt learn, the recovery phrase is by far the most important item in your cold storage. If you lose break, damage, or have your Ledger Nano S stolen then you can set up a new Ledger Nano S device with your recovery phrase.
2) I am holding crypto for the long term so I don't really do this next point, but it makes sense. Basically, if you want to have access to crypto on the go, then hold some in a wallet on your phone. I have heard people say that you should carry an amount on your phone that is about what you would hold in a traditional wallet and therefore be willing to lose. But I would argue that a good crypto wallet is way more secure than a normal wallet - someone has to really know what they are looking for if they find your lost phone on the ground in order to get your crypto - and even then, there would have to be no security measures in place on the user's part.
So if you choose to hold some crypto on a wallet on your phone, I have had a good experience with CoPay. This app is great because you can set a code/fingerprint to get into the app, then you can also set up a transaction authentication requirement. I would suggest each of these. Setting up a transaction authentication is great because it requires you to enter your password for sending crypto anywhere (even to yourself). Once again though - make sure to get a backup phrase set up - this is in the settings tab. Again - WRITE THIS DOWN. That way if your phone is lost or broken you can download the CoPay app, then enter the backup phrase to recover the wallet on your new phone.
Sorry for the long message - but I hope this helps. As I said, this is my experience - there are other ways to do things too of course with approaches such as desktop wallets, paper wallets, etc.
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mware
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August 16, 2017, 04:54:09 AM |
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I only use two MyEtherWallet and blockchain
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ximply
Full Member
Offline
Activity: 350
Merit: 170
I do crypto TRADING
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August 16, 2017, 08:28:47 AM |
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I'm sure someone else has left a similar post to mine below somewhere along the line in this thread, but since it is a pretty long thread on a very important topic, I would imagine some readers will find this helpful.
This is my personal approach, there are other ways to go of course.
So, it seems that lots of the YouTube videos and research that I have done boil down to a few main principles.
- If you are going to hold on an exchange, only hold what you are willing to lose. That said, I have never had any issues holding some crypto on Coinbase and Kraken. I had some crypto on Coinbase for some time while I waited for my hardware wallet and never had any issues. I have a very low amount (next to nothing) on Kraken and that has never been an issue. Nonetheless, it seems best to not hold on an exchange.
Assuming that you are not going to hold anything on an exchange, it gets down to a couple points:
1) For larger amounts (which will be relative for each person) - make sure to hold on cold storage. I personally use the Ledger Nano S. I have heard great things about the Trezor as well. I checked YouTube for a Trezor set up video and it is quite similar to the Ledger Nano S. The single most important point thought is to make sure you BACK UP YOUR RECOVERY PHRASE!! This involves at least writing it down on the card provided. I made sure to make a copy of the backup and place it in a different location (so I have two backups that are separated from each other). If you are holding a large amount then it might be worth considering a safety deposit box at a bank. As you will no doubt learn, the recovery phrase is by far the most important item in your cold storage. If you lose break, damage, or have your Ledger Nano S stolen then you can set up a new Ledger Nano S device with your recovery phrase.
2) I am holding crypto for the long term so I don't really do this next point, but it makes sense. Basically, if you want to have access to crypto on the go, then hold some in a wallet on your phone. I have heard people say that you should carry an amount on your phone that is about what you would hold in a traditional wallet and therefore be willing to lose. But I would argue that a good crypto wallet is way more secure than a normal wallet - someone has to really know what they are looking for if they find your lost phone on the ground in order to get your crypto - and even then, there would have to be no security measures in place on the user's part.
So if you choose to hold some crypto on a wallet on your phone, I have had a good experience with CoPay. This app is great because you can set a code/fingerprint to get into the app, then you can also set up a transaction authentication requirement. I would suggest each of these. Setting up a transaction authentication is great because it requires you to enter your password for sending crypto anywhere (even to yourself). Once again though - make sure to get a backup phrase set up - this is in the settings tab. Again - WRITE THIS DOWN. That way if your phone is lost or broken you can download the CoPay app, then enter the backup phrase to recover the wallet on your new phone.
Sorry for the long message - but I hope this helps. As I said, this is my experience - there are other ways to do things too of course with approaches such as desktop wallets, paper wallets, etc.
Thanks for this one. I think all points are valid and we are almost identical in the way we handle our coins. but instead of Copay i have used mycelium and coinomi but as you described CoPay I will check that one also. Each wallet has each own features so we need to choose one that will suit out taste.
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Kaller
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August 16, 2017, 08:37:07 AM |
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Wallets I am using:
Blockchain DeepOnion Qoinpro Ethereum LocalBitcoins
I think that is all... Maybe missing a few.
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zekeshawn
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August 16, 2017, 08:54:41 AM |
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I am using blockchain.io and our local exchange as a wallet because I don't have big amount of bitcoin but I am planning to by hard wallet if I will gained more money from signature campaign.
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