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Author Topic: What is the Best Bitcoin wallet?  (Read 394 times)
Rosilito
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June 21, 2020, 02:08:17 PM
Last edit: June 21, 2020, 02:32:00 PM by Rosilito
 #21

You should've asked how to store BTCs effectively, and secured instead of leavin' as an options which in fact we wouldn't recommend in the first place. So yeah, better use coldstorage wallets rather than these online wallets you mentioned  Tongue.

In case you don't have spare money to buy yourself coldstorage wallets you could use.
  • Electrum - as mentioned above

One more thing, if you have spare phone (note: you're no longer using) you could also set it up as your coldstorage wallet   Wink.

Meaning to say, it is better thing to have your own control with your private keys, since you're just holding. So that you'll be able to avoid unfavorable circumstances not unless you just leave such important stuff else where or deliberately give it to suspicious person or someone you don't know about.  Undecided
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June 21, 2020, 02:43:31 PM
 #22

Neither of the two is the best. The best one to get when it comes to just hodling Bitcoin would be no doubt Hardware wallets. You can see it just based on how much people are actually recommending it instead of the two choices you gave out. Since you're mostly just recieving/holding Bitcoin, you might as well get a Hardware wallet. It's a lot safer in the long term and this way, you can't blame the exchange when they get hacked. Still, if you have no choice and don't really have a chance to use a hardware wallet, within the two choices you gave out, use Blockchain.com. As long as you don't regret anything by storing it there though.

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June 21, 2020, 02:53:58 PM
 #23

You can make use of search query to find similar question and answer that have been posted before. There are two types of wallet. Decentralized and centralized wallet. The formal allow you to have access to ur private key by latter does not. Both wallet you mentioned are centralized. Meaning they are the same. If you want wallet that can store many coin, I will advice you used trust wallet
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June 21, 2020, 03:06:30 PM
 #24

It's hard to choose between these two wallets. IMO if you are newbie in crypto market and want to invest a small amount of money, then I prefer for you the Coinbase, because it is easy to use and it has too many ways to buy, sell or withdraw. it's more helpful for newbie. you may know that there is "0" transection fees if you send crypto from your Coinbase account to another Coinbase via email. if you send crypto via email then you don't have to wait for blockchain confirmations, receiver will find the crypto immediately.
but if you have long-term plans with Bitcoin and want to hold your crypto for several months or years then I suggest to use any hardware wallet like Trezor/Ledger. because it's safer than online wallets.

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June 21, 2020, 03:16:27 PM
 #25

Hello Everyone, we know that Bitcoin is king of Cryptocurrency World. It is a Best Profitable Coin of crypto world, and We Bitcoins Starting price and Running Price. So on this time many people has Intrested for Bitcoin Invest. Can you tell me that which Online wallet is best for Bitcoin holding or Receiving?  Coinbase or Blockchain? I am Very confused with this Two online wallet. 
Always it is advised that you should always use decentralized wallets for storing your bitcoins as they give you full control of your bitcoins and you can never loose your funds if you save your seed with precautions you can always recover your wallet. The above mentioned wallets are both online wallets and are less secured as compared to electrum or bitcoin core wallet. If you want to store your coins on your PC then you should use these 2 wallets, but on smartphone you can always choose to use bitcoin wallet which is official one or the one by bitcoin.com.

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June 21, 2020, 03:35:04 PM
 #26

There are are lot of cons attached to the use of online simply because of hacking. If you are the type that uses a PC, you may receive phishing attempts and get your funds stolen if you fall for one. That's why you need to loon for better options, even if large funds isn't involved.

Many users under this thread already recommend good wallets like Electrum. I will recommend getting an hardware wallet too. Ledger hardware wallet is a good option.
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June 21, 2020, 03:38:40 PM
 #27

but on smartphone you can always choose to use bitcoin wallet which is official one or the one by bitcoin.com.

there is no such thing as official bitcoin wallet since bitcoin has no owner or company to release an "official" wallet.
additionally you must stay away from bitcoin.com and any product they give you. it is run by scammers and it has been scamming people for a long time, specially the newcomers. their wallets are also malicious.

There is a FOMO brewing...
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June 21, 2020, 05:28:29 PM
 #28

Because of easy to use and no complexity, I normally use Coinbase wallet.Its very good for daily use.And you can buy Eth,Btc Ltc etc using bank in Coinbase.
But Blockchain wallet is also good online wallet but i prefer coinbase.Because I find blockchain wallet a little bit complex.

Lastly online wallet are very easy to hack for hackers.So if you have a money enough to buy hardcore wallet like trezor,then you should use it.     
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June 21, 2020, 05:38:49 PM
Last edit: June 21, 2020, 08:49:36 PM by pixie85
 #29

I'd classify them this way:

Hardware wallets (if you can afford them)
Core wallet (if you can spare the HDD space)
Electrum (if none of the above)
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June 21, 2020, 08:04:04 PM
 #30

I have few lists of bitcoin wallets.

1. The bitcoin core wallet, this wallet can be difficult to use though because it is non-determistic, which means one address one private key, so, it needs regular backup, but it is one of the best.

2. Electrum wallet- the best bitcoin wallet
3. Coinomi
4. Atomic
5. Exodus- computer most sophisticated wallet
6. Mycelium and few others.

But that said, the safest bitcoin wallets are paper and hardware wallets, for convenience, hardware wallets are preferable. Best hardware wallets are:
1. Larger nano
2. Trezor
3. Keepkey.

The wallets are safe but if not properly handled then no wallet is safe.

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June 21, 2020, 08:11:17 PM
 #31

Frankly, the offline wallets are the most secure, but if you want to use an internet wallet, Blockchain wallet is the best and I have used this wallet for a long period of time it is a very safe and reliable wallet and has a strong security system in addition to the withdrawal fees are low and the way to work Inside it is easy and simple
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June 21, 2020, 08:56:37 PM
 #32

I'm not going to repeat what have been said already as to why you should not use an online wallets. But in case you insist to use one then which one is best depends on what you are going to use it for.
If you are going to use it to only receive and send bitcoins then you should go with blockchain.com as it has user friendly UI and allow you to customize withdrawal fees.
If, aside from receiving and sending, you plan to buy coins with CC, fiat, link your bank account or want to exchange bitcoin for other cryptos then coinbase is what you should use.

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June 21, 2020, 09:56:03 PM
 #33

Because of easy to use and no complexity, I normally use Coinbase wallet.Its very good for daily use.And you can buy Eth,Btc Ltc etc using bank in Coinbase.
Coinbase is an exchange site just like Binance and they are never a wallet service provider but both are still good exchange.

But Blockchain wallet is also good online wallet but i prefer coinbase.Because I find blockchain wallet a little bit complex.
Blockchain wallet is good but there was several situation where it users wallet are hacked but that is also applicable to every other web wallet because they are the most vulnerable wallet.

Lastly online wallet are very easy to hack for hackers.So if you have a money enough to buy hardcore wallet like trezor,then you should use it.     
I think with $50 or $60 he can still get ledger nano hardware wallet but you need to make sure the site where you order for the wallet is genuine one.

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Dice Duels
fiulpro
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June 21, 2020, 10:09:55 PM
 #34

I do not think you will reach a right answer because there are many things you have to consider before making a statement.

Do you have a small investment ? Or a considerably large one ?

For big investments ofcourse without doubt you need to use a hardware wallet or a paper wallet .

For small investments you then need to state your country
. Then one need to see if the wallet does provide exchange services, does it need KYC or not ? Is it credible , how are the reviews?

One cannot just ask this question straight away .

I would like you to suggest Samourai for the time being if you have not yet considered getting a real wallet , then I do think you can then look for more options in your country. Check the things in the local board.

Mobile wallets now a days do provide even exchange services. I do think that is best for timely trading and investments.

But never store your BTC in an online wallet .

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