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Author Topic: Ideal cold wallet - what it is?  (Read 331 times)
Alartonicus (OP)
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November 04, 2017, 08:53:57 PM
 #1

I am using Bitcoin Core for BTC, Bitcoin ABC for BCH and Mist for ETH. Also sometimes I use myetherwallet for work with tokens. There are advantages and disadvantages everywhere . I like seeds system in Electrum Bitcoin Wallet. It's a pity that this is not in Bitcoin Core.


What functions do you miss in your wallet? What should an ideal wallet have?
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November 04, 2017, 09:01:03 PM
 #2

Trezor!

Here's a site that compares all cryptocurrency wallets: https://www.cryptocompare.com/wallets/#/overview

Here's a site that directs you to a smaller set of wallets and will provide some education along the way: https://bitcoin.org/en/choose-your-wallet

I wish Trezor had it's own mobile app.
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November 04, 2017, 09:40:28 PM
 #3

Trezor is good if you can afford the price of it but bitcoin core created on a offline computer is enough and the same level of security as trezor
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November 04, 2017, 10:57:41 PM
 #4

In addition to security, convenience is also important. Also, a hardware wallet can be lost
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November 04, 2017, 11:31:15 PM
 #5

In addition to security, convenience is also important. Also, a hardware wallet can be lost
Yeah you have the point that hardware wallet could be lost that is why always do a backup if you really wanted to be safe. backup your seeds and write them down or save it in notepad and put it in the safe place of your computer.. and make a copy in your usb so that you can recover your wallet in the future once your hardware wallet lost..

For me i am using just a  electrum wallet that i still didn't experience any issue yet and make sure to always update your antivirus to make your computer safe to any malware and viruses.



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November 05, 2017, 12:03:14 AM
 #6

In addition to security, convenience is also important. Also, a hardware wallet can be lost
Yeah you have the point that hardware wallet could be lost that is why always do a backup if you really wanted to be safe. backup your seeds and write them down or save it in notepad and put it in the safe place of your computer.. and make a copy in your usb so that you can recover your wallet in the future once your hardware wallet lost..

For me i am using just a  electrum wallet that i still didn't experience any issue yet and make sure to always update your antivirus to make your computer safe to any malware and viruses.

Having private keys on your computer that has access to the internet is a recipe for disaster.  Just because you haven't experienced problems or theft yet, doesn't mean you never will.  I'm not comfortable with that even being an opportunity.  If you don't have access to a computer with no internet access, then the safest method is to generate a paper wallet offline.   

Personally, I use Armory with an offline computer running BTC Core.  I use Mist for my Ether, as well as myetherwallet for my tokens, but I extremely dislike using myetherwallet because again, it's generated online.  It would be far too easy for anyone to backdoor all the online activity going on with that website and have access to everyone's private keys.  It's just not a safe idea...
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November 05, 2017, 04:19:33 AM
 #7

Paper wallet all the way. Hardware wallets are good but them you can either lose them or hardware can break down when you least expect it.

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November 05, 2017, 05:47:15 AM
 #8

My opinion is that paper wallet is the safest. As long as you make sure the paper wallet is kept in an air-tight case to make sure it doesn't age or the ink doesn't fade. Lol  Tongue

 
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Alartonicus (OP)
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November 05, 2017, 09:14:00 AM
 #9

Thank you for your answers.
Initially I wanted to talk about the wallets functionality. But everything was reduced to security. After all, security is more important, no one argues
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November 05, 2017, 01:53:18 PM
 #10

Trezor!

Here's a site that compares all cryptocurrency wallets: https://www.cryptocompare.com/wallets/#/overview

Here's a site that directs you to a smaller set of wallets and will provide some education along the way: https://bitcoin.org/en/choose-your-wallet

I wish Trezor had it's own mobile app.

Awesome advice! I also like paper wallets, but I was thinking that a more secure wallet would be a rock wallet, which would never fade or degrade over time. A rock wallet would literally take thousands of years to degrade. They're also selling steel wallets online that would serve the same function.

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