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Question: Which wallet do you store the majority of your BTC in?
Bitcoin-Qt
MultiBit
Armory
Mobile Wallet
Online Web Wallet
Offline Cold Storage
Electrum
Brainwallet

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Author Topic: Which wallet do you store the majority of your BTC in?  (Read 3702 times)
Phantomf (OP)
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December 30, 2013, 08:14:14 PM
 #1

Just curious what is the most popular way people are storing their BTC.
Jcw188
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December 30, 2013, 09:39:22 PM
 #2

I see armory has an early lead.  Why do it there instead of qt?  What are the advantages?  I just have it on qt and never had a problem, except that I think the fees are too high.



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Welsh
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December 30, 2013, 10:09:49 PM
 #3

I would of thought offline storage would of been more popular even at the early stages of the vote.

I see armory has an early lead.  Why do it there instead of qt?  What are the advantages?  I just have it on qt and never had a problem, except that I think the fees are too high.

Have a look at this website which displays all the features of armory. https://bitcoinarmory.com/about/features/
Nikinger
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December 30, 2013, 10:14:51 PM
 #4

Rougly:

1EwKrY5Bn3T47r4tYqSv6mMQkUyu7hZckV
LiteCoinGuy
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December 31, 2013, 01:41:08 AM
 #5

that dudes who store them ONLINE should think agian.  Roll Eyes

DannyHamilton
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December 31, 2013, 02:23:31 AM
 #6

The poll is missing some common choices:

  • Electrum
  • blockchain.info (which is a "hybrid" wallet)
  • Exchange such as MtGox, Coinbase, BTC-E, BitStamp, etc ( I suppose this could be considered a "web wallet")
Welsh
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December 31, 2013, 02:25:13 AM
 #7

that dudes who store them ONLINE should think agian.  Roll Eyes

They probably use blockchain.info which is used by a lot of people and has quite a lot of security features.
Phantomf (OP)
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December 31, 2013, 03:04:19 AM
 #8

The poll is missing some common choices:

  • Electrum
  • blockchain.info (which is a "hybrid" wallet)
  • Exchange such as MtGox, Coinbase, BTC-E, BitStamp, etc ( I suppose this could be considered a "web wallet")


Yeah I forgot about electrum so just added it.  I would consider blockchain.info an online web wallet as well even if it's hybrid.
DannyHamilton
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December 31, 2013, 07:47:03 AM
 #9

The poll is missing some common choices:

  • Electrum
  • blockchain.info (which is a "hybrid" wallet)
  • Exchange such as MtGox, Coinbase, BTC-E, BitStamp, etc ( I suppose this could be considered a "web wallet")
Yeah I forgot about electrum so just added it.  I would consider blockchain.info an online web wallet as well even if it's hybrid.

If you consider blockchain.info a "web wallet", then you should probably have a separate entry in the poll for "Unregulated, Uninsured, Unaudited, bitcoin bank account" (i.e. MtGox, Coinbase, BitStamp, BTC-E, localbitcoins, etc).  There is a significant difference between those types of "accounts" and a web "wallet" such as blockchain.info.  With blockchain.info (like with any other bitcoin "wallet") the user has access to their private keys.  They can back them up, and they can use them to access the bitcoins even if the website is shut down or seized.  With the "accounts", the user does not have any access to the private keys.  They are essentially donating the bitcoins to the service in exchange for an implied promise from the service to return the bitcoins on request.  If the site disappears or is seized, the bitcoins are permanently lost.
battlescars
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December 31, 2013, 07:58:16 AM
 #10

well informed post Danny, for that reason people do not use blockchain and just store their bitcoins safely on an offline storage.
it is the safest way because no matter what happens you will have your bitcoin with you. If the site gets shut down you dont lose anything
and that is something i really like knowing that is safe.

JekyllIsland
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December 31, 2013, 08:07:03 AM
 #11

Paper wallet Smiley I have the rest on exchanges, physical bitcoins, and electrum.

I plan on moving some to an offline armory wallet but i'm comfortable with this for now.  Smiley
MrPalmer
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December 31, 2013, 08:20:17 AM
 #12

I use MultiBit.  Seems great so far, but I would definitely switch to offline if/when I gain more coin. 

trout
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December 31, 2013, 08:28:16 AM
 #13

add brainwallet may be.
I know it's "bad" but I store *all* my coins in a single brainwallet address.
Pente
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December 31, 2013, 10:39:59 AM
 #14

add brainwallet may be.
I know it's "bad" but I store *all* my coins in a single brainwallet address.

+1

Although I use several brainwallets.
bryant.coleman
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December 31, 2013, 10:47:23 AM
 #15

90% of them in offline storage. The remaining 10% is distributed in Blockchain.info, BTC-E, Mobile wallet & even some in BTC-QT.
bitpop
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December 31, 2013, 12:21:57 PM
 #16

Rougly:


How did you get this information Huh

bryant.coleman
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December 31, 2013, 01:53:25 PM
 #17

Rougly:


This is just BS. You are saying that 97% of all the BTCs are stored in Armory, which was unheard of two months earlier. And just 1% for Blockchain.info?
camolist
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December 31, 2013, 01:56:22 PM
 #18

armory (usually offline unless needed for a trade)...and:


bitpop
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December 31, 2013, 01:56:52 PM
 #19

How the hell did he separate armory offline and online
He's trolling us with that pie

bryant.coleman
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December 31, 2013, 02:05:18 PM
 #20

How the hell did he separate armory offline and online
He's trolling us with that pie

Definitely. For Armory (both online and offline), I don't even think that they have 100,000 wallets, while Blaockchain.info is having more than 1 million active wallets. This guy is probably the PRO from Armory.  Grin
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