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Author Topic: Best Bitcoin Wallet?  (Read 757 times)
3227jw (OP)
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July 24, 2020, 02:05:11 AM
 #1

I have been using Copay as my main BTC wallet for about 5 years now.
I never thought about changing to a different wallet, because I never had a problem with it.
But out of no where, I got curious about which wallet other people are using.

What do you think is the best wallet out there for BTC? (Other than cold hardware wallets like Ledger)
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July 24, 2020, 02:44:06 AM
 #2

Try out BlueWallet[1]. SegWit support, great UI/UX, open-source, and it has lightning support if you want to test it out. Pretty much covers everything I need in a Bitcoin wallet.


[1] https://bluewallet.io/

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July 24, 2020, 04:52:30 AM
 #3

I've tried the two mentioned wallets, blue wallet and electrum and they're both good but I've used Electrum many times.

The right section for this topic is Wallet Software --> https://bitcointalk.org/index.php?board=37.0

@OP you can see different threads there too about wallets.



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July 24, 2020, 05:08:18 AM
 #4

You can also try Coinomi, they have also mobile apps like Android and for IOS.
Although this wallet is not only for Bitcoin, you can also store lot of cryptocurrencies there.
But your Bitcoin still safe here are long as you have your seeds backup on your wallet and make it safe.

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July 24, 2020, 05:10:12 AM
 #5

I have never used copay and have no idea how much it is. So far I have used bitcoin core, electrum and Mycellium for a while. Out of this three, electrum was the best since it does not require in sync (since it depends on other server) while bitcoin core needs sync. Anyway, what's the best depends on what is the use of the wallet too.

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July 24, 2020, 05:19:56 AM
 #6

I preper electrum for my bitcoin storage. I don't know why but it feels more easier to use to me. Also, I never heard about copay so, I don't about this wallet.

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July 24, 2020, 05:40:33 AM
 #7


Thank you all for your response Smiley

I know most of the ones you guys talked about, guess not much has changed for the trend of wallets.
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July 24, 2020, 06:15:04 AM
 #8

Thank you all for your response Smiley

I know most of the ones you guys talked about, guess not much has changed for the trend of wallets.

It's hard to trust the new wallets so basically most of us are staying to the wallets that we used to use.

You're welcome.  Smiley



.
.BIG WINNER!.
[15.00000000 BTC]


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July 24, 2020, 06:17:07 AM
 #9

I have been using Copay as my main BTC wallet for about 5 years now.
I never thought about changing to a different wallet, because I never had a problem with it.
But out of no where, I got curious about which wallet other people are using.

What do you think is the best wallet out there for BTC? (Other than cold hardware wallets like Ledger)

This topic has been asked for so many times I think you just need to search it and you would find tons of topic like this with so many answer already.
Here is a sample of those threads, Top 10 Best Cryptocurrency Wallets.
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July 24, 2020, 06:17:41 AM
 #10

I know most of the ones you guys talked about, guess not much has changed for the trend of wallets.

I guess it is. It is not a bad thing per se, since features are more important. New player does not solve anything if they provide more or less the same feature. Unless you're a company trying to make profits, contributing to open source projects might be a better thing to do if you're a developer with limited time.

Then again, this question has been asked many times and the answer would stay the same. It depends on your needs.

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July 24, 2020, 06:38:12 AM
 #11

I am not familiar with that copay wallet, I am not that so familiar with bitcoin wallet or any crypt wallets because I am only using electrum  for me that wallet is so user friendly because it has no other complicated features compared to other wallets and it can process our transaction fast. I can say that it is good because I never been hacked with this kind of wallet.
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July 24, 2020, 07:16:10 AM
 #12

why did you adjust the use of the hardware wallet?

If you ask about wallet security the best is the hardware wallet answer, because it has many features that support to keep your assets safe.


But if you are not happy or do not want to use a hardware wallet, you can use imToken as your new wallet that is used on smartphones that have good features and security in my opinion. I have been using the imToken wallet application for some of my assets.
Currently imToken has version 2.0 which is the latest version with many features embedded.


Even if you want to add a hardware wallet you can use the imKey hardware wallet which is an Official hardware wallet from imToken that has been integrated with imToken.

https://token.im/
https://imkey.im/

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July 24, 2020, 07:51:58 AM
 #13

Never heard of Copay before, but the wallet which I have been using for the last couple of years is Green Address wallet on my Android mobiles and I absolutely love it.

The security, UI, TX information etc are all top notch in my opinion and I highly recommend it to anyone looking for a great Android BTC wallet. Apart from this, I also suggest Electrum. MyEtherWallet has served me well for other cryptocurrencies.

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July 24, 2020, 07:59:06 AM
 #14

Since you are asking out of Hardware wallet means you know the benefit of it. However, my first choice for hold bitcoin is Hardware wallet. I have heard the first time about Copay wallet, and by quick search noticed it's founded by Bitpay. That's not a problem at all since its non-custodial open-source wallet. Not much negative feedback about this wallet, so you might use it as well.

However, if you can download full blockchain then go with the Bitcoin core which is more secure. Or if you don't like download full node then you may use Electrum SPV wallet. I know Copay also SPV wallet like Electrum but Electrum has 2FA where Copay does not have. Electrum also easy to use especially you may set your transaction fees manually according to you but I am not sure if it's possible on Copay. I am using Electrum so I would prefer you to use it, but be careful from hackers. Doesn't matter what wallet you are using but keep your seeds safe and avoid a phishing attack by downloading any software or update from original sources.

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July 24, 2020, 08:31:34 AM
 #15

I have been using Copay as my main BTC wallet for about 5 years now.
I have to admit I've never heard of copay before.  Smiley
I actually mainly use Electrum with a ledger. (but of course you can also use Ledger Live for communication with the Ledger)
Electrum is apparently the preferred wallet here.

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July 24, 2020, 08:53:58 AM
 #16

I have never heard of copay, I have used many portfolios in the last 3 years, from electrum to coinomi, wasabi, passing through Trustwallet and finally I used Safepal where I also wrote a short review here https://bitcointalk.org/index.php?topic=5257785.0

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July 24, 2020, 08:55:01 AM
 #17

I know most of the ones you guys talked about, guess not much has changed for the trend of wallets.

Trend goes towards those wallets that provide the highest possible level of privacy, security, self-sovereignty. Wallets that are free, open-source with the option to validate transactions through your own node, personal electrum server, etc are considered the most reasonable choice among bitcoiners. Currently, there are many talks about the best implementation of CoinJoin, should we use solutions with mixing coordinator or not, should we use Whirlpool or JoinMarket. I would say the current trend is all about increase of decentralization (validate transactions with your own full node), increase of security (sign transactions with hardware wallet offline, airgapped, PSBT will be helpful here), increase of privacy (use CoinJoin implementations such as Whirlpool, Wasabi, JoinMarket).

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July 24, 2020, 09:04:51 AM
 #18

I can recommend Electrum wallet. One of the oldest trusted wallet, has multiple options and I never had any issues. Also, for on the go Mycelium is very good, secure and trustworthy. My general recommendation is to choose multiple wallets and split funds, not to keep everything at one storage. It's much safer.

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July 24, 2020, 09:07:21 AM
 #19

I have been using Copay as my main BTC wallet for about 5 years now.
I never thought about changing to a different wallet, because I never had a problem with it.
But out of no where, I got curious about which wallet other people are using.

What do you think is the best wallet out there for BTC? (Other than cold hardware wallets like Ledger)


I agree with what others is recommending, Electrum is one of the best bitcoin wallet, lightweight, you have total control because you have the private keys and then you can manually set the fees.

They just released v 4.0.1 and If I'm not mistaken, it does support LN.
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July 24, 2020, 09:22:37 AM
 #20

I am using Electrum wallet for 2 years now. There are many good trustable wallet tho, so just do your reasearch.

All I recommend is not holding on the exchange. Good day!
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