Why Bothered with Complicated Bitcoin wallets/Addresses

[SUMBI99]

I think there is no time to risk your funds for complicated wallets, as there are simple and secure wallet where you can store your Bitcoin Like Blockchain wallet, Bitcoin users should use complicated wallet only if necessary and they have enough skills on the network otherwise you will End up losing your Funds
I heard many people claim to lose access to their funds using different wallets some I didn't hear them before.

But what are essential to follow what people say are good and secure and having private keys or mnemonic phrases for your safety.

Stop Manipulate your Address for any Reason if your Not Technical fit on the network, Some people says you can change wallet to preferred one start with your domain please don't try if your not fit on that.

If your not sure with something in your wallet/Address try to send very small satoshi in or out to see if everything is fine and its best option to test New wallet

Bitcoin Address for TestOut Btc But It won't get back::  16Da5ArwNa91cdaUKzsAaqExKRkhjUt9cp

Shift all your Bitcoin Fund to other address or wallet  if you feel you're not comfortable with the one you use


There are many wallets out there But Feel free to use  my suggestions if you're comfortable with:

Blockchain wallet 85% https://login.blockchain.com/


Coinomi wallet 50% Topic Contributors Claim has serious issues read More  

https://bitcointalk.org/index.php?topic=5114708.0

Trustwallet 75% https://trustwallet.com/


Hardware Wallets 100% Recommended


Ledger Nano Shttps://shop.ledger.com/products/ledger-nano-s

Ledger Nano X https://shop.ledger.com/products/ledger-nano-x

Trezor https://trezor.io/



I give them Green light  Because they are Trusted and very Popular also Add Some self  percentage on their Trust to reflect the reality after Reading some Topics On the forum which I didn't read before wrote the Topic

[Plaguedeath]

Coinom Coinomi wallet

Fixed for you.

But are you sure this wallet is really safe for high amount money? You should check this story first WARNING - Coinomi Wallet CRITICAL Vulnerability Made Me Lose My Life Savings

But the article says,

Coinomi has a strong reputation for privacy and security. However, after our thorough Coinomi review, we would not recommend it as the best crypto wallet in the market. Unlike the Coinomi wallet, the IQ Option wallet offers incomparable security because it is one of the few fully compliant wallets, adhering to FCA and CySEC regulations.

My suggestion you should add the original url link to each wallet, as we know there so many fraudster create phishing sites want to scam us

Blockchain wallet https://www.blockchain.com/

CoinomI wallet https://www.coinomi.com/en/

Trustwallet https://trustwallet.com/

Hardware Wallets

Ledger Nano S https://shop.ledger.com/products/ledger-nano-s

Ledger Nano X https://shop.ledger.com/products/ledger-nano-x

Trezor https://trezor.io/

[pooya87]

so basically you chose the worse wallets of all times and listed them here as suggestion to others to use these wallets!

Blockchain wallet

blockchain.com is a web wallet and generally web wallets are the worst way you can store your bitcoins. additionally this particular wallet is known to have many bugs and be very lazy to fix those bugs. there are currently bugs that have existed for years in that platform! not to mention they are years late in implementing any new feature such as SegWit.

Coinom wallet

it is a closed source wallet! that is enough reason to stay away.

Trustwallet

it is a less popular wallet and is known to have some problems.

Hardware Wallets

these wallets are good but only if you wanted to spend money. i personally avoid it since i can very well create a secure wallet on my own with practically no money. beginners could easily create a less complicated wallet such as paper wallets and reach a high security level.

[joniboini]

"Complicated" changes based on how well you understand something. Even someone that I know said using Electrum is really difficult at first. Not to mention Blockchain is not really good for a wallet, you better not use them or any online wallet that stores your encrypted details at all. While the risk of brute force is there is a lot of different attack vectors out there.

There is no need to sweep just because you change your main wallet. Just import your seed/private key on the new wallet and ditch the previous one so no one would be able to access your wallet by accident. As for the address generation, you can use vanity generators which I believe is easy enough to use and it's not that complicated.

[ranochigo]

The only wallets on the list that I can really recommend are the hardware wallets. Your choice of software wallets is honestly not the best given their track record and their transparency.

I don't see how wallets like Bitcoin Core or Electrum are hard to use at all. You do need to download the blocks for Bitcoin Core but that'll only mean sacrificing a few hours in exchange for better security. SPV wallets are usually quite user-friendly and there really shouldn't be any reason why anyone would struggle to use those wallets.

[Latviand]

so basically you chose the worse wallets of all times and listed them here as suggestion to others to use these wallets!

Blockchain wallet

blockchain.com is a web wallet and generally web wallets are the worst way you can store your bitcoins. additionally this particular wallet is known to have many bugs and be very lazy to fix those bugs. there are currently bugs that have existed for years in that platform! not to mention they are years late in implementing any new feature such as SegWit.

Coinom wallet

it is a closed source wallet! that is enough reason to stay away.

Trustwallet

it is a less popular wallet and is known to have some problems.

Hardware Wallets

these wallets are good but only if you wanted to spend money. i personally avoid it since i can very well create a secure wallet on my own with practically no money. beginners could easily create a less complicated wallet such as paper wallets and reach a high security level.

Having a complicated wallet or addresses are the root of all losses of those people who are using it. When you want to be secured with your wallet, try to make your account, easy to memorize and remember so that you will not have a hard time sending or receiving money in your wallet. Some of those people who have a harder and longer bitcoin wallet address are prone to losing their money that's why it is not necessary for your address to become long and hard to memorize. Make it shorter, so that you can make your address highly secured compared to those who have long and hard to understand account. Those wallet that you have stated have different issues and problems in their platform and it will surely not that easy to become prone to that.

[mindrust]

All you need is a computer without internet connection. (you can have it by removing your wireless card) It is better if the OS is freshly installed and even better if the OS is a linux distribution.

Then just install bitcoin core, get yourself a wallet and secure your private keys there. It is safer than anything you'll get. It is still safer than anything out there when you make transactions and connect to the internet imo. Just encrypt your wallet with a complex password and hide it physically.

All of these are free and provide the highest security possible.

You don't really really have to depend on a company to make a wallet for you. You can make your own and it can be secure and complex too.

[davis196]

"Complicated" changes based on how well you understand something. Even someone that I know said using Electrum is really difficult at first. Not to mention Blockchain is not really good for a wallet, you better not use them or any online wallet that stores your encrypted details at all. While the risk of brute force is there is a lot of different attack vectors out there.

There is no need to sweep just because you change your main wallet. Just import your seed/private key on the new wallet and ditch the previous one so no one would be able to access your wallet by accident. As for the address generation, you can use vanity generators which I believe is easy enough to use and it's not that complicated.

Yeah,this thread is basically a newbie forum user recommending Bitcoin wallets to more experienced forum members,who are more aware than him about all risks regarding Bitcoin wallets.
When newbies try to act as experts and come from a position of some kind of authority,this makes me laugh.
I consider myself an experienced Bitcoin users,I do NOT consider myself an expert about using wallets or cryptocurrency trading platforms.I can give advice and recommendations to people about topics regarding cryptocurrency just like that.
It seems irresponsible to me.

[The Cryptovator]

I believe OP have very less knowledge about bitcoin wallet. If I were you then I couldn't suggest other wallet as you mentioned on the OP expect hardware wallet. We should encourage others for good practice, not the worst practices. Blockchain is an web wallet although they claimed its non custodial but I don't feel its secure to hold big amount of funds there. I never prefer custodial wallet to anyone, this isn't good practice IMO especially for beginners. Although I use sometimes custodial wallet but it's for very short periods, not for hold. If you are unable to download whole blockchain then I will prefer for Electrum or if you are able to spend some money then better to buy hardware wallet. Whatever wallet you are using main point is keep secure your private keys or seeds. So write and keep them on multiple secure place. If you feel non custodial wallet is complicated then you aren't secure.

[sureshverma]

That is why there are a dozen very easy to use crypto wallets

[Yaunfitda]

Just be careful with TrustWallet as well because recently it was also a target from cryber criminals, Fake Trustwallet website.

Trust is subject though, as the saying goes, "Don't trust, Verify".

[o_e_l_e_o]

This thread is a great example of what I was just talking about yesterday here: https://bitcointalk.org/index.php?topic=5242171.msg54275563#msg54275563

OP clearly has no idea what constitutes a "good" wallet, which wallets are recommended and which wallets should be avoided at all costs. As pooya87 has pointed out above, web wallets and closed sources wallets like Blockchain.com and Coinomi (both of which OP has suggested), are the worst possible wallets you can pick, opening you up to a huge amount of additional risk to both your security and your privacy. OP has made a "guide" thread about a topic he doesn't understand because he thinks it will be an easy way to earn merit.

[ranochigo]

Having a complicated wallet or addresses are the root of all losses of those people who are using it. When you want to be secured with your wallet, try to make your account, easy to memorize and remember so that you will not have a hard time sending or receiving money in your wallet. Some of those people who have a harder and longer bitcoin wallet address are prone to losing their money that's why it is not necessary for your address to become long and hard to memorize. Make it shorter, so that you can make your address highly secured compared to those who have long and hard to understand account. Those wallet that you have stated have different issues and problems in their platform and it will surely not that easy to become prone to that.

Sources? This entire post is full of bullshit.

I doubt anyone on this forum actually remembers their Bitcoin addresses at all or are even trying to remember as they use different addresses for each transaction. There isn't actually any way at all to intentionally make Bitcoin address longer than it should be or has anyone actually attempted this at all. Using a wallet is actually quite easy; it takes a day max to thoroughly understand the entire wallet unless you're computer illiterate. The main issue with users losing coin is usually due to hacks, the wallet's negligence and/or compromised wallets.

[Debonaire217]

There's no doubt that hardware wallet is the most secured wallet I've ever used. In fact, it was secured because transactions could just be made if only you have the hardware with you. But I think the only vulnerability we have when using hardware wallet is when we aren't responsible in keeping the security phrases. I can say, there's no system that is safe, and in order to make this safe, don't use system at all. Keep your security phrases hand written and don't screen capture it. With this method, no malware could capture your screen and only you have the ability to access your funds. That's how secure hardware wallet is.

[Brenny_Coinomi]

But are you sure this wallet is really safe for high amount money? You should check this story first WARNING - Coinomi Wallet CRITICAL Vulnerability Made Me Lose My Life Savings

Hi PlaguedDeath, The 'vulnerability' you mentioned was a pathetic attempt to extort funds from Coinomi. You can read more about this here: https://twitter.com/kimionis/status/1131945228506738688?s=20

[Brenny_Coinomi]

Coinomi wallet 50% Topic Contributors Claim has serious issues read More  

https://bitcointalk.org/index.php?topic=5114708.0

Hi Sumbi99, This 'vulnerability' was an attempt to extort Coinomi. You can read more about that here: https://twitter.com/kimionis/status/1131945228506738688?s=20

[webtricks]

Bitcoin Discussion is one of the most visited section by the newbies and unregistered users. Reading the OP's post surely gonna mislead someone new to bitcoin. He has given random ratings (50-85%) to wallets even without explaining the criteria of such ratings. Web Wallets aren't even wallets in my opinion, they are similar to gambling sites where you deposit bitcoin based on sheer trust and can lose funds anytime.

If someone is new to Bitcoin, I would recommend to start looking for your first Bitcoin wallet here: https://bitcoin.org/en/choose-your-wallet until you become experienced enough to differentiate between different types of wallets.

This isn't any official source but still contain quality information unlike OP's post.