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Author Topic: Some questions about Bitcoin wallets  (Read 598 times)
thomasonil
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September 15, 2017, 06:28:54 AM
 #1

i want to know more about bitcoin wallets. what kind of wallet should be chosen for better transaction and security?help me out kindly
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September 15, 2017, 06:46:54 AM
 #2

It depends on the amount of coins, number and frequency of transactions you expect to make, and even the hardware you have. For long-term secure storage of significant amounts you may consider a 'cold' wallet (created on a freshly configured computer or a virtual machine which is offline and guaranteed to be free of malware) or hardware wallet. For small amounts and frequent transactions even online wallets or mobile devices may be OK. Personally I prefer Electrum (https://www.electrum.org) as a lightweight desktop client. It is frequently recommended here, fast, easy to use and secure, and also a good choice for cold storage. Full client is for enthusiasts only, it requires more than 150 GB of storage for the blockchain.

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Bgn91
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September 15, 2017, 06:48:04 AM
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there is pinned post about that
https://bitcointalk.org/index.php?topic=1631151.0

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September 15, 2017, 06:51:06 AM
 #4

I'm going to assume that you are talking about the fees and confirmation times when you said better transactions. In that case, use a wallet that allow dynamic fees such as Electrum, the wallet is pretty secure as long as your PC have no malware etc. but If you want to go with something safer, I suggest a hardware wallet (Trezor or Ledger Nano S) If you have large amounts because It wouldn't make sense to store 10$ in a 100$ device.

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September 15, 2017, 08:54:08 AM
 #5

i want to know more about bitcoin wallets. what kind of wallet should be chosen for better transaction and security?help me out kindly
To be sure to have the best wallet, the more compatible and the more secure, there is no choice : bitcoin.core.
This wallet is a real wallet, then you have to download locally the blockchain (~150 GO and one week).
Then, the best is to install this wallet somes days before making your first transaction.

Bitcoin + privacy respect = BitcoinZ (topic BitcoinZ)
The only decentralized crypto that complements Bitcoin on privacy.
You missed Bitcoin in 2009 ? Do not miss BitcoinZ in 2018 !
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September 16, 2017, 04:45:43 AM
 #6

Well now they answered your question. I would like to add that sometimes campaigns different campaigns ask wallet different wallets like if they ask ETH you can use the wallet for specifically for ether coins but if they ask waves you should gives waves.
Nifftini
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September 16, 2017, 04:52:09 AM
 #7

Anyone recommend a nano ledger?
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September 16, 2017, 06:04:20 AM
 #8

Anyone recommend a nano ledger?

quite an acceptable option.

read the article to find out all the details:
https://99bitcoins.com/ledger-nano-s-review-bitcoin-wallet-better-than-trezor/

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September 16, 2017, 07:55:19 AM
 #9

it is depend on coin that you want to use and number of altcoin that you want



for bitcoin best is   blockchine.info
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September 16, 2017, 09:00:56 AM
 #10

It depends on the amount of coins, number and frequency of transactions you expect to make, and even the hardware you have. For long-term secure storage of significant amounts you may consider a 'cold' wallet (created on a freshly configured computer or a virtual machine which is offline and guaranteed to be free of malware) or hardware wallet. For small amounts and frequent transactions even online wallets or mobile devices may be OK. Personally I prefer Electrum (https://www.electrum.org) as a lightweight desktop client. It is frequently recommended here, fast, easy to use and secure, and also a good choice for cold storage. Full client is for enthusiasts only, it requires more than 150 GB of storage for the blockchain.
I'll check this, I am also looking for a reliable bitcoin wallet
elegion
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September 16, 2017, 09:04:17 AM
 #11

In 2010 and in 2011 I was using Bitcoin core. Actually, in the early days I was using a paper wallet.
And then in 2014 I was using the mycelium android app on my android phone. I now I use Trezor to keep everything in cold storage and I use coinomi for small transactions. I still have some paper wallets that I laminated from late 2010. What I'm trying to say is that technology will always advance to force you to experiment, learn, and change.
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September 16, 2017, 10:53:38 AM
 #12

There's only mobile wallets, paper wallets, lite wallets and desktop wallets that you can choose from.

Mobile wallets - these wallets can be installed on your smartphone and can be used on the go. Such wallets are Mycellium and Bitcoin Wallet.

Paper wallets - these are designed for the long-term storage of your coins without compromising the security since you'll be keeping it offline. You can still spend whatever is loaded in the wallet though you need to export the private keys to a new wallet.

Lite wallets - carries the same features of a desktop wallet though does not have the full copy of the blockchain. The most prominent lite wallet is Electrum.

Desktop wallets - these are the wallets in which you can do almost all technical stuff re: sending coins and keeping it. It has the full copy of the blockchain (which technically makes your pc a full node) so expect a long download and sync time.

It all depends on how are you going to use your coins because all wallets can send and receive and have the same level of security embedded to them.

billy.ryoko
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September 16, 2017, 11:11:06 AM
 #13

There's only mobile wallets, paper wallets, lite wallets and desktop wallets that you can choose from.

Mobile wallets - these wallets can be installed on your smartphone and can be used on the go. Such wallets are Mycellium and Bitcoin Wallet.

Paper wallets - these are designed for the long-term storage of your coins without compromising the security since you'll be keeping it offline. You can still spend whatever is loaded in the wallet though you need to export the private keys to a new wallet.

Lite wallets - carries the same features of a desktop wallet though does not have the full copy of the blockchain. The most prominent lite wallet is Electrum.

Desktop wallets - these are the wallets in which you can do almost all technical stuff re: sending coins and keeping it. It has the full copy of the blockchain (which technically makes your pc a full node) so expect a long download and sync time.

It all depends on how are you going to use your coins because all wallets can send and receive and have the same level of security embedded to them.

Your comment are very useful for me, I now using the blockchain for the web and mobile wallet, but now cannot 
holding the private key with myself, do you know how can I find my key?

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September 16, 2017, 02:04:14 PM
 #14

i want to know more about bitcoin wallets. what kind of wallet should be chosen for better transaction and security?help me out kindly

Sir before you ask question please try to review this topic to give you a great idea about bitcoin wallet. Maybe they will give you some advice but if you dont have enough idea about different types of wallet then it is not easy for you to understand their proposals and you cant appreciate it.

Here is the topic link please read eat, thank you and good luck.

https://bitcointalk.org/index.php?topic=1631151.0
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September 17, 2017, 07:12:40 AM
 #15

go to blockchain.info  best one for me
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September 20, 2017, 09:45:55 PM
 #16

i want to know more about bitcoin wallets. what kind of wallet should be chosen for better transaction and security?help me out kindly

you can use desktop wallet.like electrum or core wallet

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September 20, 2017, 09:49:43 PM
 #17

i want to know more about bitcoin wallets. what kind of wallet should be chosen for better transaction and security?help me out kindly

you can use desktop wallet.like electrum or core wallet

Electrum would be better, especially if you don't want to download the whole Blockchain like Bitcoin Core does. However you will have to keep your private keys properly. I would recommend encrypting them using for example VeraCrypt or some other encryption software. Don't forget to make a few copies on some external USB. I wouldn't put it in the cloud even though it is encrypted but it's just my opinion. I replaced Bitcoin Core with Ledger hardware wallet because I was tired of synchronising and reindexing.

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September 21, 2017, 08:20:27 AM
 #18

yes it can be hacked   it is Depend your security but blockchin.info is best one Because you can choose ip blocking
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September 21, 2017, 03:06:21 PM
 #19

yes it can be hacked   it is Depend your security but blockchin.info is best one Because you can choose ip blocking

Please stop misleading people into thinking that online wallets are the best ones. Yes, they are very convenient, but unless you control your own private keys you are at high risk. Suppose you try to log in tomorrow and the website isn't there anymore, then what? Right, you're screwed.
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September 21, 2017, 03:54:25 PM
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Your comment are very useful for me, I now using the blockchain for the web and mobile wallet, but now cannot  
holding the private key with myself, do you know how can I find my key?

I guess private keys and recovery seed are the same important having bitcoin wallets, they will give you a recovery option once you have atleast one of that two I mentioned. Having the recovery seed is the same with having private keys, I am right? Can anybody answer this question of mine.

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