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Author Topic: Best Bitcoin Wallet?  (Read 760 times)
mk4
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July 25, 2020, 04:16:15 AM
 #41

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 wallet is secure."

People thought the same with Bitfinex, MtGox, Cryptopia, Bithumb, Poloniex, Bitstamp, and the list goes on and on and on..

https://cryptosec.info/exchange-hacks/

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July 25, 2020, 10:40:34 AM
 #42

Everyone has their favorite wallets, so do I have my own criteria when choosing wallets to use. Of course in my opinion the best
wallets are Ledger Nano, in addition we can full control the wallet and also because we ourselves hold the private key. So Ledger
Nano is safest to use, it can at least prevent hacked accounts.

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July 25, 2020, 11:19:05 AM
 #43

Well for me, my best bet in storing my bitcoin is Coinbase, since it's one of the easiest ways to buy, sell, and hold cryptocurrencies and it's the safest web wallets you can use. Coinbase keeps almost 99% of their assets in an offline cold storage that can't be accessed. When in cold storage, they cannot be hacked!
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July 25, 2020, 11:26:09 AM
 #44

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.
The spoken truth, "don't store all your wealth into one wallet" ensure to diversify your wealth storage. Mycelium is my favourite, I have been using this wallet for years without any issue and will wholeheartedly approve this wallet for anyone. Also, Exodus wallet is another good cryptocurrency wallet with good trust and reputation, they have been operating in this industry without security breaches like others. Among all, ensure to store your stash coins into a wallet you have the right of ownership.

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July 25, 2020, 11:32:08 AM
 #45

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 local wallet for long time now mate,like yours it is safe since then so i see no issue at all but
the problem is what if one day our wallet provider shutdown for some reason?or being hacked badly?

I think the safer wallet is Ledger in which we are the one who holds our own currency and this means the
 opportunity of being loss is our own negligence .

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July 25, 2020, 01:03:11 PM
 #46

I recommend Mycelium and Electrum wallet because I also used it for 2 years from now, and I haven't experience any issue or problem in both of these wallets. Maybe because I don't store most of funds in my online wallets that I store most of my funds in my hardware wallet because it is much safer.

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July 26, 2020, 07:23:16 AM
 #47

Use Electrum to make your cold wallet, which are those 12 words written by hand on paper. That's the best in my opinion.

For smaller amounts, you could use one of those gadgets, or a secure computer/mobile. Do not think of storing flash memory somewhere thinking that works, flash memory tends to lose its data over time when stored unplugged, so don't.

I keep telling people those hardware wallets are a really bad choice for cold storage, or an usb thumbdrive; just don't. If you are scared of the 12 words, be creative hiding them, could be a book or something. And remember to always have two physical copies in separate secure places.

Of course you could use core, if you live in a nice place with unlimited and fast internet, downloading the whole blockchain shouldn't be a problem. Too bad there are still places in this world like my country with garbage metered, capped, slow and unreliable links.

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July 26, 2020, 08:28:37 AM
 #48

Use Electrum to make your cold wallet, which are those 12 words written by hand on paper. That's the best in my opinion.

For smaller amounts, you could use one of those gadgets, or a secure computer/mobile. Do not think of storing flash memory somewhere thinking that works, flash memory tends to lose its data over time when stored unplugged, so don't.

I keep telling people those hardware wallets are a really bad choice for cold storage, or an usb thumbdrive; just don't. If you are scared of the 12 words, be creative hiding them, could be a book or something. And remember to always have two physical copies in separate secure places.

Of course you could use core, if you live in a nice place with unlimited and fast internet, downloading the whole blockchain shouldn't be a problem. Too bad there are still places in this world like my country with garbage metered, capped, slow and unreliable links.

No matter which wallet you use, the main thing is to keep the private key secure. People only focus on the best wallets but does not care about the private key security as much as they should. For example if you have a hardware wallet but you write its private key / password on an openly accessible place, anyone can use that key to unlock your wallet.

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July 26, 2020, 10:29:03 AM
 #49

Since i started working here,  i used to install Myetherwallet as my token storage. But, i guess a lot of highly recommended wallets were on the row and it depends on us where we trust into 😊

Besides the code behind it, there shouldn't be needed trust when it comes to wallets. They were meant to be trustless, so any custodial or closed source wallet falls short for me.

MyEtherWallet is supposedly alright, but since it runs in a web browser, I would rather go for a downloadable (software) wallet instead. A very simple and insesizable mistake when entering the website (or if it's compromised) could lead to the disappearance of your funds faster and easier than you probably imagine.
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July 26, 2020, 11:37:20 AM
 #50

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.
The spoken truth, "don't store all your wealth into one wallet" ensure to diversify your wealth storage. Mycelium is my favourite, I have been using this wallet for years without any issue and will wholeheartedly approve this wallet for anyone. Also, Exodus wallet is another good cryptocurrency wallet with good trust and reputation, they have been operating in this industry without security breaches like others. Among all, ensure to store your stash coins into a wallet you have the right of ownership.
Actually I also diversify my funds in 2 bitcoin wallets beause I'm aware that it is risky but the good things is I still not experienced to lose my funds from using local bitcoin wallet. I use 2 bitcoin wallets which is Electrum and Coins.ph. Both of them are good to use especially coins.ph because it is really usable for me where it is not just a simple wallet and I can use it to pay my bills and also to buy good and services online. I do not say that it is the best wallet out there but I only saying that it is the bitcoin wallet that is suitable for me.
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July 26, 2020, 02:48:40 PM
 #51

It depends on using what you're looking for it could be either mobile wallet or destop wallet, and what features are most important to suite you as a user. Anyway, I've the same words, I've been using Blockchain as my main BTC wallet for about 4 years now. I never thought about changing to a different wallet, because I never had a problem with it.
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July 26, 2020, 06:00:35 PM
 #52

I think Coinbase is one of the best wallets for Bitcoin. It is very easy to use. You can easily exchange your coins through it. You can recharge your mobile through Coinbase. You can even transact with banks. Alternatively you can use a trust wallet, it is also a good wallet.

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July 26, 2020, 06:17:54 PM
 #53

I think Coinbase is one of the best wallets for Bitcoin. It is very easy to use. You can easily exchange your coins through it. You can recharge your mobile through Coinbase. You can even transact with banks. Alternatively you can use a trust wallet, it is also a good wallet.
I think you somehow missed to read comments above. The two examples you provided are not that good in the way you think:
- Coinbase is custudiol wallet created by Coinbase exchange. If you store your money there, technically you don't own it. Also they don't give you access to the private keys of the addresses you use. You have to trust Coinbase company if you want to keep using it.
- Trust wallet is safer but it's closed source. Owned by Binance exchange, you should trust the platform in order to use it.
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July 27, 2020, 04:54:40 AM
 #54

Blockchain wallet is the best to me. This wallet is very safe. I'm using it since 2016. But don't forget to save your login details. There is no option to reset password incase you forgot it.
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July 27, 2020, 11:48:27 AM
 #55

This wallet is very safe.
There is no application that is really safe. It depends on a person where they make it safe.

There is no option to reset password incase you forgot it.
there had any option, I know blockchain com user can't reset password but they can access wallet via seed phrase. cause that to make backup phrase seed at a paper or other safe places.

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July 27, 2020, 12:10:30 PM
 #56

There is no best wallet. You have to determine it on a case by case basis, based on what the OP needs / wants / has access to.
I made a post about it back in November.

https://bitcointalk.org/index.php?topic=5205304.msg53203790#msg53203790

Phone wallet? Hardware wallet? PC wallet? Web wallet?

Talking about running "X" desktop wallet along with with a hardware is good advice. But, without knowing if the OP has a desktop or is doing everything on a tablet is pointless.

-Dave



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July 27, 2020, 12:56:48 PM
 #57

In fact, there is a great diversity in the number of wallets, but we must be careful when choosing the wallet that we use because there are a lot of wallet applications in the store are not reliable and we may lose our money. I have used Coinbase wallet and blockchain wallet and I still use them until this time
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July 27, 2020, 02:32:04 PM
 #58

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!
My best bitcoin wallet is also Electrum I had been using Blockchain quite sometimes now until when I switched to electrum particularly the andriod phone wallet I really like all its features and user friendly while its interface is easily navigable most importantly is that it is Sigwit complainant honestly the wallet is the best I also recommend it to the OP a trial will surely convince him.


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July 27, 2020, 02:49:40 PM
 #59

Recently one of my problems is to find out a cryptocurrency wallet that supports to my transaction and at the same time, a friend of mine suggest my the use of the electrum I have doubt because this is my first time to use this kind of wallet and setting up to my personal computer after the configuration I explore more you have a lot of Segwit Native (Bech32) starts with the "bc1" address and also you can adjust the lever to your transaction fee which is more favorable to the users. Also, they have the labels this is one of the most important you can take a note.

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July 27, 2020, 02:59:18 PM
 #60

Blockchain wallet is the best to me. This wallet is very safe. I'm using it since 2016. But don't forget to save your login details. There is no option to reset password incase you forgot it.
Safe? not safe.

It's a wallet that's popular for having tremendous bugs. If you still haven't experienced any, choose electrum as earlier as now.
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