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Author Topic: best wallets to use  (Read 507 times)
generatorhd (OP)
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March 21, 2019, 06:02:51 PM
Last edit: March 21, 2019, 11:12:41 PM by generatorhd
 #1

These are the best wallets to use for all your different coins

wallet.mycelium.com
brd.com
atomicwallet.io
exodus.io
jaxx.io
bitcoinarmory.com
blockchain.com
bitcoin.org/en/download
trezor.io
ledger.com/pages/ledger-live
greenaddress.it/en/
xapo.com
coinbase.com
electrum.org

I hope that I helped you at deciding which wallet to use and as always if you have a wallet that I haven't listed reply below and I will list it





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March 21, 2019, 06:42:44 PM
 #2

Why did you recommend online wallet like coinbase as it is not a wallet it's an exchange site.

If you are guys want to hold different coins I suggest you guys use official wallet because it is recommended and the other wallet's that you have full control over the private keys is electrum for bitcoin.

Mycelium also good as I use it as my alternative wallet when I am outside in my house.

Hardware wallets are best for holding different coins if you want to stay your coins longer this is the best wallet like ledger nano S.
generatorhd (OP)
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March 21, 2019, 06:47:03 PM
 #3

Why did you recommend online wallet like coinbase as it is not a wallet it's an exchange site.

If you are guys want to hold different coins I suggest you guys use official wallet because it is recommended and the other wallet's that you have full control over the private keys is electrum for bitcoin.

Mycelium also good as I use it as my alternative wallet when I am outside in my house.

Hardware wallets are best for holding different coins if you want to stay your coins longer this is the best wallet like ledger nano S.
I'm sure coinbase is a wallet and a exchange site, I checked there website there's a option for a wallet
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March 21, 2019, 07:00:48 PM
 #4

You do yourself no good by hodling you coins/tokens for long term in wallets you don't have control over your private key, there's no difference between them and exchanges since your fund can be hack or you get denial access to your cryptocurrency for some stupid reasons. If your intentions isn't for trading or short term usages, I don't advice you use them.

Ps: the best wallet to use are hardware/paper wallet and nothing else.

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March 21, 2019, 07:41:14 PM
 #5

What you have here is a combination of multi-currency wallets, hardware and online wallets as well as iOS and Android wallets. To be honest all those different groups shouldn't go in the same basket in terms of security.

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March 21, 2019, 08:04:52 PM
 #6

Here's the link to the Ledger official store (click here) if anyone's interested in buying any authentic Ledger products here. Link to the Ledger site in OP only leads to the Ledger Live application and doesn't have much information on the wallets that Ledger offers. You will likely find cheaper prices for used and new Ledger units from third-party sellers, but there's an elevated chance a device from a third-party is compromised and you could lose your coins from a compromised device. Even direct from the manufacturer, reset the wallet when you get it- applies to any hardware wallet you might get.
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March 21, 2019, 08:09:20 PM
 #7

No offense OP, but that is a terrible list. You are including a bunch of online wallets, which shouldn't really be called wallets at all, as you trusting an unknown third party to hold your bitcoins for you. If you kept $1000 in cash at a stranger's house, you wouldn't say it is in "your wallet". The only coins you should keep in an exchange are coins you are actively trading, and there is pretty much no reason to ever use a mobile wallet. Coinbase in particular is a very poor choice given their history of shady activities and the fact they say they will "back up" your private keys to the cloud - that's a huge security risk.

The best wallets to use are paper wallets, trusted hardware wallets (Ledger or Trezor), a full node, or Electrum.
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March 21, 2019, 08:20:52 PM
 #8

I stopped using xapo's wallet when they implemented the high fees. I thought they already stopped  because I have no news about them and rarely hear them through suggestions.

Exchange and online wallets shouldn't be considered as best wallets.



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.BIG WINNER!.
[15.00000000 BTC]


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Rainbot
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March 21, 2019, 08:47:55 PM
 #9

~snipped~

I hope that I helped you at deciding which wallet to use ..

How can it be a help for deciding what's wallet to be used if you just shared some links and you didn't spend time sharing your views at it. You should add some details if you really want to suggest the best wallets* to used.

You didn't add some sorting or categorizing too. Newbies might think that third party wallets is 100% safe*.

Although there are threads like that before, I suggest to reconstruct your post and make it more informative.

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March 21, 2019, 11:09:11 PM
 #10

OP, when you're making threads like this one, put some effort. Now you just posted some links in random order without any details about wallet. It doesn't help to decide which wallet to use at all. You need to specify type of wallet (web, desktop, hardware) and explain which one are best to use. For example web wallets aren't recommend to use, while paper and hardware wallets are safest to use, desktop wallets is optimal for most users, but it doesn't gives maximum security.
P.S. FYI Bitpay and Bitgo isn't a wallets at all, it's crypto payment proccessors for business. And it's not Blockchain.info anymore, it's Blockchain.com

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March 21, 2019, 11:13:57 PM
 #11

OP, when you're making threads like this one, put some effort. Now you just posted some links in random order without any details about wallet. It doesn't help to decide which wallet to use at all. You need to specify type of wallet (web, desktop, hardware) and explain which one are best to use. For example web wallets aren't recommend to use, while paper and hardware wallets are safest to use, desktop wallets is optimal for most users, but it doesn't gives maximum security.
P.S. FYI Bitpay and Bitgo isn't a wallets at all, it's crypto payment proccessors for business. And it's not Blockchain.info anymore, it's Blockchain.com
I've edited the thread and I'm on a phone making this thread and im not the best at using one
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March 25, 2019, 03:18:49 PM
 #12

These are the best wallets to use for all your different coins
greenaddress.it/en/
electrum.org
It is the first time I know that both of these wallets support more than one cryptocurrency [Bitcoin].
If you want to choose a Bitcoin wallet, check this list -----> https://bitcoin.org/en/choose-your-wallet

For multi-cryptocurrency wallets: It is difficult to create a detailed list where many wallets are closed source>
Best:
trezor.io (http://trezor.io)
ledger.com/pages/ledger-live (http://ledger.com/pages/ledger-live)
exodus.io (http://exodus.io)

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March 25, 2019, 11:46:03 PM
 #13

These are the best wallets to use for all your different coins
greenaddress.it/en/
electrum.org
It is the first time I know that both of these wallets support more than one cryptocurrency [Bitcoin].
If you want to choose a Bitcoin wallet, check this list -----> https://bitcoin.org/en/choose-your-wallet

For multi-cryptocurrency wallets: It is difficult to create a detailed list where many wallets are closed source>
Best:
trezor.io (http://trezor.io)
ledger.com/pages/ledger-live (http://ledger.com/pages/ledger-live)
exodus.io (http://exodus.io)


I just want to add these 2 wallets that you can use for multiple cryptocurrencies.

For hardware wallet, Keepkey is one of another wallet that has a different security feature.

And for mobile wallet, Coinomi is one of the best mobile wallets that supports multiple cryptocurrencies.

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March 25, 2019, 11:57:49 PM
 #14

And for mobile wallet, Coinomi is one of the best mobile wallets that supports multiple cryptocurrencies.

I love coinomi wallet. It was one of the first wallets I ever used it. It's getting improved every month.

I am sad to know it's closed source, which is the only downside of this Wallet for me.

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March 26, 2019, 02:15:41 AM
 #15

I'm sure coinbase is a wallet and a exchange site, I checked there website there's a option for a wallet

That is not a reason to call them the best wallets to use. I prefer a wallet where only me can have full control. I personally won't add Coinbase, Blockchain, or something similar to this list.

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March 26, 2019, 11:02:48 PM
 #16

I love coinomi wallet. It was one of the first wallets I ever used it. It's getting improved every month.

I am sad to know it's closed source, which is the only downside of this Wallet for me.
I also use Coinomi for a long time without any complaints. But I think it's worth to say that there was one security issue on Coinomi some time ago:
https://www.google.com/amp/s/cointelegraph.com/news/coinomi-wallet-addresses-vulnerability-concerns/amp

That is not a reason to call them the best wallets to use. I prefer a wallet where only me can have full control. I personally won't add Coinbase, Blockchain, or something similar to this list.
First of all it's not Blockchain, it's Blockchain.com, I think we need to use accurate names to avoid confusion. I'm not saying that it's worth to use Blockchain.com wallet, but actually you have control of your coins on this wallet because there you recovery phrase.

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March 27, 2019, 07:52:54 AM
 #17

First of all it's not Blockchain, it's Blockchain.com, I think we need to use accurate names to avoid confusion. I'm not saying that it's worth to use Blockchain.com wallet, but actually you have control of your coins on this wallet because there you recovery phrase.

My mistake. I don't like Blockchain.com/Blockchain.info because it's a web wallet, but yep you can control your funds because you have your private key etc. In my opinion, owning your own private key is still risky if you use a web wallet, you can get phished, got dns hijacked, etc. Of course it does not always happens, however the risk is too high for me.

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March 27, 2019, 09:12:05 PM
 #18

My mistake. I don't like Blockchain.com/Blockchain.info because it's a web wallet, but yep you can control your funds because you have your private key etc. In my opinion, owning your own private key is still risky if you use a web wallet, you can get phished, got dns hijacked, etc. Of course it does not always happens, however the risk is too high for me.
You're absolutely right, web wallets is least safe to use, even if you have full control of your coins there. Phishing is a big probkem when we talk about web wallets and lot of people lose money because of it. If people choose to use web wallets, they shouldn't keep big amount of crypto there.

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March 27, 2019, 11:30:06 PM
 #19

Web wallets are great for use as hot wallets and I primarily use them for that purpose. I keep a trivial amount of money on my Blockchain wallet for daily use with the Blockchain app, and it's much more convenient than using another sort of wallet. I've had my Blockchain wallet compromised in the past, but that was entirely my fault as I was using a password that I used on another site that had its passwords leaked. Wasn't a big deal because I wasn't using the wallet as my main form of storage though. As long as you use a unique and reasonably long password and you don't keep a large amount of money on a web wallet, they can be just fine.
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March 30, 2019, 06:32:23 PM
 #20

-snip-
The difference here is that you are an experienced user who is well aware of the risks of using a web wallet, has taken steps to minimize these risks, and is prepared to accept the loss of your coins being stored in the web wallet should it be hacked or otherwise compromised. The problem is that many web wallets advertise themselves as a complete, all-in-once service for storing all of your crypto, while (admittedly) also being quicker and easier to set up than a hardware or paper wallet. Many newbies continue to buy in to this advertising, storing all their coins on a web wallet with the same weak password they use for their email, Facebook, Reddit, and who knows what else, and then blame all of crypto when they are inevitably hacked.
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