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Author Topic: Ask about The Best Wallets for Bitcoin ?  (Read 367 times)
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December 27, 2022, 04:52:09 PM
 #21

Which Bitcoin wallet is the best?

If you only need to store bitcoin, then Electrum wallet is the best in my opinion. I have installed desktop wallet on my laptop and it works perfectly.
When you need to choose a wallet, go for a software wallet plus make sure it is open source as well.

Electrum has a mobile version too. He already talked about it though he had emphasis on the desktop version but the mobile wallet is equally good.

I have used Electrum wallet on my mobile phone, but i do not like the mobile version of Electrum. Also, it does not have all the features which the desktop version possesses.



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January 02, 2023, 01:23:34 PM
 #22

Which Bitcoin wallet is the best?

As long as you put the private key password or seed phrase in a safe backup. Since I don't have a hardware wallet wallet even if I bought a Nano or Trezor, I only use Electrum.

So far I can still used it without facing any problems. So sometimes I wonder about other Electrum users who complain because they say their account was hacked. But for me, it's proven and tested.



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January 03, 2023, 12:56:17 PM
 #23

For mobile, I recommend BlueWallet (if lightning custody isn't a concern) and Zap if you want a wallet that focuses on lightning (and if lightning custody is a concern).

I'd just use Blockstream Green. Even though that doesn't have Lightning support, it *does* have multisig support (and also features the Liquid network if you're the odd person who even uses it).

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January 08, 2023, 02:27:29 PM
 #24

Which Bitcoin wallet is the best?
Just like other users have earlier said, there are lots of wonderful Bitcoin wallets ranging from software wallet to hardware wallets, so it all depends on what you're looking for.
Here's a thread I came across on the forum the enlists some good number of bitcoin wallets. check this https://bitcointalk.org/index.php?topic=5282364.0

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January 09, 2023, 09:29:00 AM
Merited by pooya87 (2), Charles-Tim (1)
 #25

As long as you put the private key password or seed phrase in a safe backup. Since I don't have a hardware wallet wallet even if I bought a Nano or Trezor, I only use Electrum.
It's not just about storing your private data appropriately, it's also about how it was generated in the first place. A malware-infected computer with Electrum installed as a hot wallet is less secure than an airgapped computer where Electrum is used as a cold wallet. It's the same software, but used differently and in different environments.

So far I can still used it without facing any problems. So sometimes I wonder about other Electrum users who complain because they say their account was hacked. But for me, it's proven and tested.
Just because you don't have problems today doesn't mean you won't have them in the future if you slip up and make a mistake. Your hot wallet holds the signing keys to your crypto and they can get stolen.

Saying I don't understand why some people complain about Electrum and losing their coins when it never happened to me is like saying you don't understand why some people complain they have health issues due to years of smoking when you have smoked for decades and nothing happened. Be glad that it didn't, but don't get too comfortable. Your coins only need to get stolen once.   

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January 25, 2023, 04:27:18 AM
 #26

Just because you don't have problems today doesn't mean you won't have them in the future if you slip up and make a mistake. Your hot wallet holds the signing keys to your crypto and they can get stolen.

You are right dude in what you said, and I may also be wrong in what I said, and thank you very much because at least you gave me a little bit of a situation that could happen in the future as well.

Saying I don't understand why some people complain about Electrum and losing their coins when it never happened to me is like saying you don't understand why some people complain they have health issues due to years of smoking when you have smoked for decades and nothing happened. Be glad that it didn't, but don't get too comfortable. Your coins only need to get stolen once.   

You're also right here and I'm also a bit wrong that we shouldn't be too comfortable because we don't know what can happen in the future.



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January 27, 2023, 10:36:59 PM
 #27

I can't really say as  but in my own case I use electrum wallet which is very much convenient and easy for me as a beginner. You can try it too for yourself.
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