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Author Topic: What wallet do you prefer?  (Read 343 times)
VB1001
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August 10, 2019, 10:36:17 AM
Last edit: August 10, 2019, 04:11:03 PM by VB1001
Merited by suchmoon (4)
 #1

For security, ease of use, durability over time, there are several wallets available:

- Types of wallets

  • Paper wallet
  • Web wallet
  • Mobile wallet
  • Desktop wallet
  • Hardware wallet

A wallet secures your coins.

The exchange is not safe, your coins are in danger, "if you don't have your keys, you don't have your bitcoins", don't trust exchanges.

If you think the exchanges are safe, I invite you to visit this thread to convince you otherwise > https://bitcointalk.org/index.php?topic=5090869.0

Never download software or updates on third-party pages.

Some of the most recognized wallets:

- Desktop

  • Bitcoin Core
  • Electrum
  • Wasabi

- Hardware

  • Trezor
  • Ledger
  • KeepKey
  • Coldcard

- Mobile

  • Mycelium
  • Electrum

My favorite wallet, is the Bitcoin Core desktop wallet, is very easy to use and at the same time, allows you to maintain a Full Node to contribute to the Bitcoin network, in my case it works 24/7 and also because I consider it very safe.
I do not rule out buying a hardware wallet one day, but for the moment not, maybe with the answers of this thread someone manages to convince me, we will see...

>>> Go ahead, what is your favorite wallet and why?
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August 10, 2019, 10:49:30 AM
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Desktop Wallet Bitcoin Core, no hesitation.
VB1001
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August 12, 2019, 06:58:55 AM
Merited by micgoossens (2)
 #3

Currently there are Bitcoin users who also use paper wallets, the safest way to generate the wallet is to download the github file and generate the wallet on a computer that has never connected to the Internet and will never connect, now we have a cold wallet.
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August 12, 2019, 04:49:18 PM
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Electrum. It does the job fast, with or without hardware wallet, depending on what you want.
I know that Bitcoin Core would be ideal, but I just I don't have the patience to leave it sync.
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August 17, 2019, 07:22:01 PM
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Mycelium has been so good for me and I have some level of sense of security using the wallet. But that is for small amount of Bitcoin. The moment my coins begins to go up to 5BTC, I'll have to switch to cold wallet. When that time comes, Trezor is my number one choice.

The true beauty of cold wallet is that you will have your Crypto secured in your Trezor and tuck it into your back pocket with absolutely nothing to worry about, since it's not connected to the internet. You can easily put all your wealth in your pocket and still sleep peacefully at night. The possibility of hacking into cold wallet is almost zero.
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August 18, 2019, 07:01:33 PM
 #6

For security, ease of use, durability over time, there are several wallets available:

- Types of wallets

  • Paper wallet
  • Web wallet
  • Mobile wallet
  • Desktop wallet
  • Hardware wallet

A wallet secures your coins.

The exchange is not safe, your coins are in danger, "if you don't have your keys, you don't have your bitcoins", don't trust exchanges.

If you think the exchanges are safe, I invite you to visit this thread to convince you otherwise > https://bitcointalk.org/index.php?topic=5090869.0

Never download software or updates on third-party pages.

Some of the most recognized wallets:

- Desktop

  • Bitcoin Core
  • Electrum
  • Wasabi

- Hardware

  • Trezor
  • Ledger
  • KeepKey
  • Coldcard

- Mobile

  • Mycelium
  • Electrum

My favorite wallet, is the Bitcoin Core desktop wallet, is very easy to use and at the same time, allows you to maintain a Full Node to contribute to the Bitcoin network, in my case it works 24/7 and also because I consider it very safe.
I do not rule out buying a hardware wallet one day, but for the moment not, maybe with the answers of this thread someone manages to convince me, we will see...

>>> Go ahead, what is your favorite wallet and why?

To save coins for a long time, it is better to use a paper wallet.
But hardware wallet is best since downloading blockchain in the future is not a good idea.
If I use permanent transfers, then I will choose electrum, for its mobility which allows me to use the wallet on my computer and phone.
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August 21, 2019, 07:29:16 PM
 #7

I keep my bitcoin for long term investment using paper wallet, this is safest way for me, and i backup keys with many paper  Cheesy Cheesy. But for weekly trading/business purpose i used electrum. I never want to use hardware wallet, not because of security but sometimes i forget mini things such as USB etc. Bit careless
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September 15, 2019, 08:56:03 PM
 #8

I use multiple types of wallets, but hardware wallet Ledger Nano S is my prefered option. I have it for almost 2 years and it was one of the best my investments in crypto world so far. Previously I held my coins on web wallets and I was sure that nothing bad won't happen to me. But later I realized that's not safe place to keep coins and bought hardware wallet.
But I still use web wallet sometimes. I'm just too lazy to connect my Ledger to PC every time when I want to send my BTC. So, I keep little BTC on web wallet for my daily needs and I also have Coinomi wallet on my mobile.
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September 15, 2019, 09:05:45 PM
 #9

For Bitcoin and all supported altcoins i have i'm 100% for Hardware Wallets. I personally use a Trezor one and a ledger nano S. Both are very good hardware wallets, balance between safety and usability is perfect for me.
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September 16, 2019, 01:38:09 PM
 #10

I would say that the type of wallet depends on what we need to do with cryptocurrency. For example if I want to just hold for long-term, then a paper wallet is the best choice, but private key/seed is always better to save on more durable materials like steel (engraved).

For daily use of small amounts almost any desktop/mobile wallet will serve the purpose, but for bigger amounts used on daily basis hardware wallet is the best choice.
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September 16, 2019, 01:42:55 PM
 #11

I avoid mobile wallets, too many exploits. Air gapped hardware wallet is the best solution for me with handwritten paper being a close second only because it is less convenient.

You left off one category in your list... exchange wallets. I would bet that most people use them the most even though they are the least secure.
VB1001
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September 21, 2019, 08:39:07 AM
 #12

You left off one category in your list... exchange wallets. I would bet that most people use them the most even though they are the least secure.

Yes, it is good to remember this, exchanges are surely the worst place to store your stash, whether small or large, it is a very repeated phrase but it is the reality:

Not your keys not your Bitcoin.

As the market and Bitcoin move forward, more wallet proposals will come, I think there will be more competition in hardware wallets, easier to use, more intuitive to make work easier for new adopters.
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September 28, 2019, 08:13:11 PM
 #13

paper wallet is the best wallet in terms of security. It is all so easy to set up so you don't have to worry about losing your Bitcoins as long as you remember where you keep it and you keep it safe from potential intruders.
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October 05, 2019, 10:46:02 PM
 #14

Actually I don't understand this question. Why we should use wallets? What is wrong with Exchanges. Yes sometimes exchanges get hacked but. Holding your assets on Binance, Huobi, Coinbase. What's wrong with it? Why do I need to use desktop wallets or mobile wallets? What are the benefits of using it? That's just my opinion and maybe someone tell me why should I use a desktop wallet instead of exchange wallet.
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October 05, 2019, 10:56:47 PM
 #15

>>> Go ahead, what is your favorite wallet and why?
Well, it all depends. I have almost all type of wallet, paper wallet for backup for some of my wallet which I made for vanity type, while for ease of use I much prefer using a mobile wallet which is mycelium, I keep using it even though its buggy wallet af.
Web wallets are for my altcoins that nano s don't support, no BTC save there, while hardware wallets is for my long term savings which I know its secured as proven, and I have the core desktop wallet though I don't store any bitcoin there, just want to contribute to the network.
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October 06, 2019, 12:44:10 PM
 #16

im using exchanges and diffrent wallets , i move my money around much from site to site, and im a firm believe that btc should be used and not just hodled so online wallets works best for me, but if i would be a hardcore hodler i would go for a offline wallet of somekind.
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October 29, 2019, 01:22:09 PM
 #17

I technically use desktop wallet like bitcoin and I also have a hard wallet which is the myetherwallet also at my current state or nation rather, im using this called wallet gcash, and coins.ph, since it's have two way sign in it has it own pin so I think its better to have. But nevertheless it's I prefer also the hard wallet which is MEW it has its own key, if im not mistaken it can printed it served as a password which is only for you, it can be printed, or save.

So technically we have tons of wallet but this are just wallet that I prefer you to use, feel free to surf and try more wallet and just know what suited wallet is for you.
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November 03, 2019, 02:21:23 AM
 #18

I prefer using paper wallet, desktop wallet and mobile wallet(for faster transaction) because using those wallet are safe for me and i have their private key and anytime i can transfer my funds to another wallet and much faster and secured. And the only problem using a mobile wallet is when not synchronizing properly but still good when its online.

And i used desktop wallet since i am staking some of altcoins which is really good for me and passive income and to support their network.
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November 06, 2019, 09:54:12 PM
 #19

I prefer Electrum, and use it for almost everything.

Cold Storage:
I used an air-gapped pc to create a seed.  The advantage is you have many addresses to which you can send your coins, which helps preserve your privacy.  You can send any amount you want to each address, and if you need to spend them you can choose which coins (unspent Tx) or address from which you want to spend.  You can easily keep an eye on the whole wallet by using the master public key to create a watch only wallet.

Hardware:
I find Electrum much more useful than the native UI offered by Trezor, Ledger, and KeepKey (the only HW wallets I own.)  I have more control over my unspent transactions, addresses, and fees.  Again, I can use the master public key to create watch only wallets.  Electrum can be used to manage every aspect of a hardware wallet with the exception of firmware updates.

Hot wallet:
It's nice to have a hot wallet that you can access from your desktop quickly and easily.  I use the same wallet on my phone, and only keep a couple of hundred dollars worth of bitcoin in it.

Watch only wallets:
One of my favorite features of Electrum.  You can create watch only versions of any wallet you own.  I find it very convenient for my hardware and cold wallets.  I can extract public addresses for receiving bitcoin without having to start up my air-gapped PC (and restore my cold seed,) or go through the steps required to access my hardware wallets.  I can easily confirm incoming transactions, and check my balances.

Sure there are other desktop wallets with many of these features, but I haven't found one that I like and trust as much as Electrum.
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November 08, 2019, 09:01:26 AM
 #20

I prefer paper wallets purely from security reasons. I know I may use and I also have a hardware wallet, but since I don't use BTC regularly and I also don't trust 3rd party apps I keep my BTC in a paper wallet. Maybe I am a bit paranoid but it is just the way I am  Grin
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