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Author Topic: Mycelium or Electrum? Best bitcoin wallet  (Read 415 times)
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January 27, 2018, 04:21:42 PM
Merited by Lizzie_Girl (4)
 #1

As a new in bitcoin researchers which is good Mycelium or Electrum? I want to use a best bitcoin wallet. No hacker's can't be hack my wallet. So just from my curiosity which is better bitcoin wallet. Very high security wllet which? Need information

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January 27, 2018, 04:33:29 PM
 #2

Both of them are having the same principle of working that is by using the "private keys" itself. One thing is sure about them that, both have the security measures uptown the mark. You can have initial password to both of them and later your private keys are master codes for accessing the wallet. So I believe both of them are good to go in long run.

As you are using private keys to access the wallet, the security is actually in your hands and how much secure you keep your private key.

About Ethereum : Make sure that you use the upgraded version of it, as previous one had some vulnerability.
For more checkout the link : https://github.com/spesmilo/electrum-docs/blob/master/cve.rst

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January 27, 2018, 04:43:13 PM
 #3

I suggest you to use Mycellium. I used my Mycellium in my android phone as a bitcoin wallet before I switched to coins.ph. It is really secured,  Im telling you because I've tested it. It uses 12 words as a private key if Im not mistaken. But electrum is a secured wallet too, though I haven't use electrum yet,



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January 27, 2018, 04:46:02 PM
 #4

I mean both of the wallets have different use factors, as electrum is something which can be used on your desktop and mycelium can only be used from your smartphone. SO they're going to cater to different types of people with this use factor. I personally think both wallets are fine, even though I do personally use electrum on my desktop with 2FA.

Depends on you bud.

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January 27, 2018, 05:49:01 PM
 #5

I'm using Electrum and feels pretty good.  Although it has just been discovered that there are security hole, but the developers have repaired and upgraded it, I still believe Electrum. It's important that you must hold the private key, set the password for your electrum wallet. However, it can still be hacked when your computer is infected with viruses or hackers are invaded. Better, check your computer regularly, do not visit malicious sites to ensure your computer is not compromised.

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January 27, 2018, 07:33:09 PM
 #6

I've never used mycelium, never had to. I somehow came straight from running a full node into electrum because the node was preventing me from sending quick transactions. It was always a 10 min wait before I could check how much coins I got, while with a light wallet it takes maybe 10 seconds.
Electrum is getting frequent upgrades so every time something nice is taking place (like segwit) electrum is right on top of that. I think it was the first wallet that allowed you to send segwit transactions. The only problem they had was that recent security flaw, but they were quick to repair it. This is a great reminder that you just can't download something and consider it unbreachable. You have to keep it up to date because shit happens Wink

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January 27, 2018, 07:46:21 PM
 #7

I think Electrum is the best desktop wallet but need to regular update.Its the safest wallet but few days ago we heard a news Electrum hack so first know and research so you can visit also https://github.com/spesmilo/electrum-docs/blob/master/cve.rst
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January 27, 2018, 07:52:46 PM
 #8

Since that scare that was up on bitcointalk about Eletrums security flaw I am very reluctant to use them so I stick with blockchain.info.
I just like how blockchain.info looks and works. Very clean and nice interface that gives you lots of information and the value of your bitcoin too.
Electrum I use to use and did like because it is safe. I bought a hardware wallet because I am not going to risk that many bitcoin.

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January 27, 2018, 08:05:45 PM
 #9

I think both wallets are equally good but have different usage factors, because electrum is something that can be used on the desktop and your mycelium can only be used from your smartphone. So they will serve different types of people with this usage factor. I personally think both wallets are fine, although I personally use electrum on my desktop with 2FA. essentially yah it's up who want to use it. but I personally use electrum.
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January 27, 2018, 08:09:11 PM
 #10

both are good .i think u can use both and remember to use 2fa  Smiley

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January 27, 2018, 11:49:41 PM
 #11

As a new in bitcoin researchers which is good Mycelium or Electrum? I want to use a best bitcoin wallet. No hacker's can't be hack my wallet. So just from my curiosity which is better bitcoin wallet. Very high security wllet which? Need information
I'm using electrum wallet for the past two years and I could say that it's one of the best wallets to store bitcoins. When you download the electrum wallet, better download the latest 3.0.5 version since it's safe. Download it from the official website Electrum.org and not from any other fake websites.

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January 28, 2018, 05:01:29 AM
 #12

Since that scare that was up on bitcointalk about Eletrums security flaw I am very reluctant to use them so I stick with blockchain.info.
I just like how blockchain.info looks and works. Very clean and nice interface that gives you lots of information and the value of your bitcoin too.

i'm sorry but that doesn't make any sense!
the worst desktop wallet is a lot better than any web wallets. and Electrum is like one of the best desktop wallets. besides the vulnerability was simply blocked if you had the simplest password! not to mention that if you talk about ways to lose your coins when using a desktop wallet, this vulnerability is near the bottom of that list. the risk of you having a keylogger or simply one of those clipboard hijackers is much higher and it is much easier to steal your keys that way.

and blockchain.info which you mentioned here had some serious issues. need i remind you of the usage of random.org for generating private keys by BC.I?

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January 28, 2018, 06:40:19 AM
 #13

Electrum has Segwit support (native segwit included), while Mycelium doesn't plan to, for the foreseeable future, so it's a no-brainer to go with Electrum if you want lower fees.
Of course if you do not want a PC or use a desktop wallet then you can go for Mycelium, or better still, a mobile wallet with Segwit support, like Samourai, Greenbits, GreenAddress, etc.
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January 31, 2018, 06:31:28 AM
 #14

As a new in bitcoin researchers which is good Mycelium or Electrum? I want to use a best bitcoin wallet. No hacker's can't be hack my wallet. So just from my curiosity which is better bitcoin wallet. Very high security wllet which? Need information
As a good decision both are best/better wallet, sometimes we use a normal wallet as coinbase, blockchain etc. But both wallets is so strong and high security. Someone use Mycelium and someone uses Electrum. I knew a extra wallet thats name Jaxx. It also preety good. By the way try for Electrum. Best of luck.  Cool

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January 31, 2018, 10:45:26 AM
 #15

As a new in bitcoin researchers which is good Mycelium or Electrum? I want to use a best bitcoin wallet. No hacker's can't be hack my wallet. So just from my curiosity which is better bitcoin wallet. Very high security wllet which? Need information

If you want security for your coins then I can say you that not one of your choices will not meet the security criteria you are looking for.If you want best security wallet for store your coins and everyday use then nothing but hardware wallet(Ledger,Trezor,KeepKey) is out of the question.If you just want to store you coins for some time then paper wallet is good choice,also cold storage could be made on PC with no connection to internet.

If you use online or desktop wallet you will never have a level of security that you are looking for,buy hardware wallet and sleep peacefully.Otherwise you can wake up one day and open your wallet with 0 balance.




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February 01, 2018, 01:33:09 PM
 #16

both are good .i think u can use both and remember to use 2fa  Smiley
Two factor Authentication is the best way, I know. But Its hard when/by any mistake if I lost my 2fa code, then it will so bad. So I want a wallet which is good overall transactions fee low, fast more secure. By thr way, thank you for your valuable reply.  Smiley

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February 02, 2018, 12:14:44 AM
 #17

My suggestion is for mycelium,this wallet contain of words before you can log in to make a higher security in your money.Although it has a higher fees or charges when transferring,this is best for smart phone to restore .
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February 02, 2018, 02:22:04 AM
 #18

both are good .i think u can use both and remember to use 2fa  Smiley
Two factor Authentication is the best way, I know. But Its hard when/by any mistake if I lost my 2fa code, then it will so bad. So I want a wallet which is good overall transactions fee low, fast more secure. By thr way, thank you for your valuable reply.  Smiley
Electrum will suit for your needs then, mycelium doesn't yet supports/has implemented segwit. with segwit enabled on electrum you'll be able to send cheaper transaction compared to legacy wallet. regarding 2fa, you can always backup your 2fa keys and or use 2fa apps like authy which saves your codes in cloud.



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February 02, 2018, 11:43:19 AM
 #19

Why not do a dry run and test them alone? Test them for a couple of weeks or months and see for yourself on what really suits you?

I like electrum because its lightweight and easy to use but I have nothing against with mycelium too because its also reliable so both are a good choice.

But if you truly want a very high security wallet, I'll go with hardware wallets.

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February 03, 2018, 03:22:41 AM
 #20

But if you truly want a very high security wallet, I'll go with hardware wallets.
I would agree with this. If security is your first priority then go with a hardware wallet like ledger nano s and you also use it with mycelium.
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