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Author Topic: Help with choosing new wallet  (Read 1552 times)
jackg
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October 07, 2017, 04:41:05 PM
 #21

i’m newbie here but i try many wallet and till now Blockchain.info Best one Because it support two coins and have low fee

The fee is decided by the network not the wallet you're using (in most cases).

If you want to store a high amount, I suggest you look at something like electrum instead (www.electrum.org/#download) which is a bit more secure as it's software on your computer instead of something that's running on the cloud - for small amounts blockchain.info is fine.
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October 07, 2017, 09:36:52 PM
 #22

No... the fee is not "decided by the network". The fee is entirely decided by the user and/or the wallet generating the transaction.

You are free to use any fee that you like regardless of the current condition of the network, like how many transactions are in the mempool or what fees other transactions are using...

However, what people need to realise is that if you choose to ignore the state of the network and use a "low" fee compared to the majority of unconfirmed transactions, your transaction may sit in the mempool for an extended period of time as miner's tend to prioritise transactions based on the fee used... This will become even more important as the block reward decreases with each halving.


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w33man
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October 08, 2017, 08:13:42 AM
 #23

In choosing a new wallet, there are a lot of factors to be considered. Firstly, of course is the security because not all wallets are well secured. Second, the convenience of every transaction, and last is the consistency of the services.
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October 08, 2017, 10:14:00 AM
 #24

Given that the blockchain is currently 150+ gigs... unless you feel like dropping USD$70 on something like this: https://www.amazon.com/SanDisk-Ultra-256GB-Flash-SDCZ48-256G-U46/dp/B00YFI1A66

Your best bet is an SPV wallet... Electrum is probably a good choice (https://www.electrum.org/#home)... the wallet files themselves are generally less than 100KB (depending on the number of addresses/transactions etc)... it uses 12 word seed backups, so you can have solid backups... and there is a "portable" version, so you can put the whole thing on the USB key... it has fully customisable fees including "dynamic" fees and "RBF" to prevent and/or "fix" stuck transactions...

In addition, the application is actively maintained and there is a large and active user group on these boards here: https://bitcointalk.org/index.php?board=98.0
Totally agree with you on this one. If you don't want to spend 100 bucks on a hardware wallet or don't want to download the whole blockchain, electrum is the way to go. I've been using it since I got started half a year ago and I'm very happy. It's everything you need with on a super lightweight wallet. Definitely a strong recommend.
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October 08, 2017, 03:50:46 PM
 #25

I use paxful. Because I love to trade my coins... Love it..
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October 10, 2017, 06:48:04 AM
 #26

I use Exodus, it is very user friendly and can store many coins inside.
Simple but powerful
r3lentleSs
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October 10, 2017, 11:37:37 AM
 #27

I recently went from Multibut to electrum aswell. And so far i like it very much.
Drnice
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October 10, 2017, 02:04:05 PM
 #28

I will recommend Electrum wallet for you, cause blockchain.info still takes time too for syncing and you will need lots of gigs for storage, Electrum will be a better choice.
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October 10, 2017, 03:25:39 PM
 #29

Wallet hardware, in my opinion is not very good, some people make mistakes and this is dangerous. but it is a choice and everyone is free to choose.

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