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Author Topic: Best Bitcoin Wallet?  (Read 758 times)
LogitechMouse
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July 24, 2020, 09:35:44 AM
 #21

Electrum is the most recommended one here and that is the one I'm using too.

In the end, the wallet that you will be using will depend on how you will use Bitcoin. If you will hold some Bitcoin for quite a long time (like 1-3 years) then a hardware wallet can be use because it is safer and less prone to hacks compare to other wallets. If you will use Bitcoin for transaction purposes (like you will buy or will trade it) then Electrum is the one I recommend too. Now if the Bitcoin that you have is purely for trading only then just put it on exchange wallets.

In my part, I'm putting my Bitcoin into 2 different wallets. Since I don't have a hardware wallet right now, I'm putting my Bitcoin holdings in Electrum and the Bitcoin that I'm using for transaction purposes is being put in another wallet which I can convert it easily.

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July 24, 2020, 11:09:52 AM
 #22

I use coinbase over three years and there is nothing problem with my btcand eth. I feel here secure and safety in coinbase. Ledger is also secure for btc, because it is also good for long long time.

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July 24, 2020, 11:57:40 AM
 #23

What do you think is the best wallet out there for BTC? (Other than cold hardware wallets like Ledger)
Every people love wallet which low fee, can be editing manual fee and have RBF feature, lighting network either. I think which wallet has those features are the best wallet.

then, it depends what address you want to store your Bitcoin, If you want to use bech32 a.k.a Native Segwit you may use Electrum. as copay doesn't support bech32 address to be sure you have to try electrum which address begin bc1 as low fee.

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July 24, 2020, 12:22:40 PM
 #24

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 have been using Mycelium for mobile for quite some time now. It is a HD wallet and had a pretty clean interface. Lately they have been adding some sort of advertisements of the platform but so far this does not creates any nuisance so It's pretty simple. For PC I have not used any other wallet than Electrum thin client. It's just so simple and so clean that you just will fall in love with it. No idea about cold hardware wallets at all.

Edit: Oh yes forgot to add that both Mycelium and Electrum support bech32 addresses so are Segwit enabled. So that's a great add on.
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July 24, 2020, 12:33:32 PM
 #25

I haven't tried before the coopay before and I don't have any read reviews about this because I'm a fan of coinbase wallet which they have a good security and 2FA which is a good thing everything you transact at the same time I'm using this for a long time but still they have cons like high transaction fees.

Also right now I'm using a hardware wallet not this time for the ledger because I don't have enough budget for now but soon I'm planning to buy that okay back to the main topic i want to use the Electrum because right now I have more in personal computer work which is a good thing and also they have a small amount of transaction fee.

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July 24, 2020, 12:44:37 PM
 #26

OP, there few good and trusted wallets.Electrum (their github), Bitcoin Core, and Armory. The last two is hard to install and for example Bitcoin Core is lack many capabilities which Electrum has. I don't know anything about Armory, because i never used it by myself.





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/

Interesting, but i must remind you, that any wallet on Android can't be considered as "secure", because Android OS is too weak in terms of security (too much bugs, exploits and so on). But it's capabilities is nice of course.


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July 24, 2020, 01:26:57 PM
Last edit: July 24, 2020, 04:54:13 PM by Charles-Tim
 #27

Edit: Oh yes forgot to add that both Mycelium and Electrum support bech32 addresses so are Segwit enabled. So that's a great add on.
To make this not confusing, bech32 addresses are the segwit addresses and all bitcoin bech32 addresses start with bc1. The P2SH addresses are not truly segwit but a compatible address which can receive bitcoin from segwit, legacy and its own addresses.

No. Any address can send to any other type of address. There are some centralized exchanges which don't support SegWit addresses, but that is because they are crap exchanges and has nothing to do with bitcoin itself.



The safest bitcoin wallets are hardware wallets like ledger nano s, airgapped devices and paper wallet but for convenience, hardware wallet is better. The best online is still the bitcoin core but many could not have access to having enough data to download the whole blockchain and go for electrum on both computers and mobile phones, and mycelium on phones.

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July 24, 2020, 02:01:03 PM
 #28

Electrum of course without any doubt. Many would argue that bitcoin core is the best but electrum is go to WALLET for even grannies. I would recommend electrum to my grannies too.

The P2SH addresses are not truly segwit but a compatible address which can receive bitcoin from segwit, legacy and its own addresses.
Native segwit, nested segwit, legacy all of them are compatible for receiving and sending bitcoin to each other. Your post is kind of confusing, may be only to me. You said as if segwit can't receive btc from legacy and vice versa while it is not.
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July 24, 2020, 02:09:15 PM
 #29

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 think bitcoin core on a dedicated pc like a mac mini is best.

You can easily clone the ssd and have two or three backups of the wallet.

this is more for a person with two or more btc as it is about 1200 usd to do it.

you can also do this with an

hp elite mini
or a dell
or an lenovo.

all build a eight inch by eight inch by 1.5 inch pc.
all can hold an nvme or an ssd
all can be backed up with a clone.

if you shop around they can be 600 maybe 700 usd including the backup.

as i said these are more for holding larger amounts of coin.

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July 24, 2020, 02:20:31 PM
 #30

What do you think is the best wallet out there for BTC? (Other than cold hardware wallets like Ledger)
Every people love wallet which low fee, can be editing manual fee and have RBF feature, lighting network either. I think which wallet has those features are the best wallet.

then, it depends what address you want to store your Bitcoin, If you want to use bech32 a.k.a Native Segwit you may use Electrum. as copay doesn't support bech32 address to be sure you have to try electrum which address begin bc1 as low fee.

indeed maybe the first alternative is that people looking for a wallet would want costs if they can be cheap enough and can run well and quickly.
but it is quite doubtful that at a low cost we ask for very good facilities, because it is currently difficult to accept the fact that we will naturally receive from the costs we have given.

my experience having done transactions with low cost but getting bitcoin consequence is stuck quite long and it's quite annoying because our time is drained for every moment to see where the transaction goes.
actually it is reasonable if the costs incurred are quite commensurate with what we will receive from each transaction.

from the first I still use blockchain and some, but I am very concerned and interested in the blockchain because of the convenience that I get, so there is no desire to move at this time. actually come back again because of our habitual use of it and often makes it difficult for us to move to another wallet.

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July 24, 2020, 02:40:35 PM
 #31

I am suggesting you Coinbase wallet. This wallet is so much safe. I have been using this wallet from 2016. Transaction system is too much easy. You can verify your identity. Two step authentication security. I think this wallet is secure. You can keep Bitcoin here without any hesitation.

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July 24, 2020, 03:16:48 PM
 #32

I think so
Coinbase and BlockChain are very popular for bitcoin wallets. If you have an account in either of these, you will get a virtual account or wallet where you can securely store all your bitcoins
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July 24, 2020, 04:47:41 PM
 #33

Electrum of course without any doubt. Many would argue that bitcoin core is the best but electrum is go to WALLET for even grannies. I would recommend electrum to my grannies too.

The P2SH addresses are not truly segwit but a compatible address which can receive bitcoin from segwit, legacy and its own addresses.
Native segwit, nested segwit, legacy all of them are compatible for receiving and sending bitcoin to each other. Your post is kind of confusing, may be only to me. You said as if segwit can't receive btc from legacy and vice versa while it is not.
I have tried an exchange before using legacy address, the transaction was reversed back into the wallet two times until I used legacy address. But I have indirectly made a comment about it in the bitcoin technical support today and I was corrected.

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July 24, 2020, 04:49:45 PM
 #34

I'm using electrum for how many years, a user-friendly BTC wallet.

You can download it in here --- https://electrum.org/#download

  • Fast in transactions.
  • It's built with a password so no one can access the wallet.
  • Real-time.
  • Users are the only ones who have control of their wallet and bitcoins.
  • Last but not least, it's free to download.

Try to read this if you're interested, it's easy to operate --- https://bitzuma.com/posts/a-beginners-guide-to-the-electrum-bitcoin-wallet/
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July 24, 2020, 05:21:52 PM
 #35

I'm using electrum for how many years, a user-friendly BTC wallet.

You can download it in here --- https://electrum.org/#download
A good example of a bitcoin wallet, I used this wallet for how many years and I don't have any problem. You can also use Coinomi anf Mycelium for the multi-sig wallet. Coinomi has an exchange feature that you can ease to change your bitcoin to altcoins or vice versa.

In the Beginners & Help section you can find also there a good wallet. Just click and check all pinned messages especially this thread you will learn a lot about wallets and how they will use as your crypto wallet.
https://bitcointalk.org/index.php?topic=1631151.0

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July 24, 2020, 05:50:56 PM
 #36

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 think your wallet COPAY is the best bitcoin wallet because as what you have said that you already used it for 5 years and never encounter any problem,that's good. I have tried using Electrum and Coinomi but i think i should also try to use COPAY to see the difference between those three bitcoin wallet.

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July 24, 2020, 09:19:40 PM
 #37

I am suggesting you Coinbase wallet. This wallet is so much safe. I have been using this wallet from 2016. Transaction system is too much easy. You can verify your identity. Two step authentication security. I think this wallet is secure. You can keep Bitcoin here without any hesitation.

I think this is some kind of joke or trolling. If you're really using Coinbase, better withdraw your money and put them into government bank. This things is the same, but at least, bank is much more safer.

I think so
Coinbase and BlockChain are very popular for bitcoin wallets. If you have an account in either of these, you will get a virtual account or wallet where you can securely store all your bitcoins

Don't lie. Blockchain asked from our russian member to pay fee 9 bitcoins! Yeah, "secure", but the problem that they don't secure you from themselves.

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BITCOIN
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EVENT
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WIN A LAMBO !

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blue Snow
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July 25, 2020, 12:49:46 AM
 #38

my experience having done transactions with low cost but getting bitcoin consequence is stuck quite long and it's quite annoying because our time is drained for every moment to see where the transaction goes.
It depends time, if you want sending it with low fee better a day is Saturday and sunday.

This pool https://jochen-hoenicke.de/queue/#1,24h have you check before transaction. use high fee when table had unconfirm tx.



from the first I still use blockchain and some, but I am very concerned and interested in the blockchain because of the convenience that I get,

What I did learning here, No recomended using online/webwallet. Blockchain.com had issue like Insufficient Funds, 2 and phishing.

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July 25, 2020, 02:20:20 AM
 #39

I have ledger too, and its good wallet no doubt in that. From recently I'm using atomic wallet for bitcoin and some other coins and tokens, and I am satisfied with this wallet. Except storing you can stake some coins and get passive income from that, which is a very good feature, you can also set transaction fees. Its hardware wallet, you have private keys, their support is great too, I had problem some time ago and they solved that quickly. I have just good words for atomic, so if ledger is expensive for some people they can try atomic and I think everyone will be satisfied once they try it.

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panganib999
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July 25, 2020, 04:04:44 AM
 #40

Actually it depends on your preference because mostly Bitcoin wallets do just share the same features and they are just adding up some feature to make their wallets unique. The important thing that you must consider on choosing your Bitcoin wallet is the safety of your funds which is the main priority and also the convenience on which you can be able to easily access your funds on the wallet you have chosen.

In my case, our country have generated a local wallet which I still use up to now ever since my Bitcoin journey have started. This Bitcoin wallet is a mobile app which I use for storing my Bitcoin and also other cryptocurrencies because it can also hold ETH, XRP, BCH and our local currency which is good for converting my cryptos because our country are still not into adaptation on using cryptocurrencies but we can use it though not directly because we still in need to convert it to be able to use it for purchasing goods and services.
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