Wallet security, a good choice of wallet is very important

[AprilioMP]

Hi. I'm Aprilio.
This is my first post.

I joined the bitcoin forum initiated by a meeting with one of the people who claimed to work as a miner.
He explained to me about bitcoin in general, what is bitcoin, what is the role of bitcoin in the future that made him pursue this activity.
For my reference, he said join the bitcoin forum (bitcointalk.org) to find out all things bitcoin.

A few days ago I registered here but only to open and read. I continued my search on google and found the bitcoin.org site.
On the bitcoin.org site I found some initial steps such as a wallet and what is bitcoin.

Wallet security, a good choice of wallet is as important as privacy.
Regarding the wallet, I found two, namely software and hardware.
Then there are addresses starting with b1. Next there is an address starting with the number 1.

Please help me.

[1714614553]

1714614553

[1714614553]

1714614553

[1714614553]

1714614553

[1714614553]

1714614553

[examplens]

Wallet security, a good choice of wallet is as important as privacy.
Regarding the wallet, I found two, namely software and hardware.
Then there are addresses starting with b1. Next there is an address starting with the number 1.

Please help me.

What kind of help do you need?
Ask some specific questions about what interests you and what is not clear to you. this way we can only guess and give extensive advice that you may not even understand.

If you are confused by addresses that start differently, don't worry, because they are all compatible with each other. A Bitcoin address can start with 1, 3 or bc and it doesn't matter which one you use, with the fact that users of Segwit (starting with 3 or bc) addresses pay a slightly lower fee compared to users of legacy addresses (starting with 1).

The most common classification is software and hardware wallets, although that is also a bit more complex. A hardware wallet is certainly safer to use, but you have to pay for it.

[Z-tight]

Regarding the wallet, I found two, namely software and hardware.

You can use either of them, a good self custody software wallet that is open source like Electrum or BlueWallet is highly recommended, but they are hot wallets, so if you want to hold a large amount of BTC you have to set it up in an air-gapped device, generating the keys offline and it would never be connected to the internet, but that set up is kind of difficult for newbies to do in a safe enviroment, so a hardware wallet is great and easy to use if you want to hold a lot of BTC for a long time.

Then there are addresses starting with b1. Next there is an address starting with the number 1.

There are also addresses starting with 3 and bc1p, you can use any of the addresses you want and they are all compatible with each other, but i will advise you to use the address that begins with bc1q, it is the one used the most today because the fees are lower when you use this address and the transactions are faster.

[un_rank]

Read about Bitcoin wallets ^[1]. That is a good place to start when getting introduced to bitcoin wallets.

[1][General] Bitcoin Wallets - Which, what, why?

- Jay -

[mk4]

You're going to have to do some reading.

* https://chainsec.io/wallets
* https://bitcointalk.org/index.php?topic=1631151.0


But in general, BlueWallet for a software wallet(if you have like <300 USD worth of bitcoin), and Ledger or Trezor for a hardware wallet(if you have >300 USD worth of bitcoin).

[Zaguru12]

Wallet security, a good choice of wallet is as important as privacy.
Regarding the wallet, I found two, namely software and hardware.
Then there are addresses starting with b1. Next there is an address starting with the number 1.

Please help me.

Do not panic this are just public key or address formats. The ones that starts with 1 are pay to public key hash (P2PKH), those that starts with 3 are pay to script hash (P2PSH) and then those that start with b1 are the ones are the bech32 or Segwit address formats. The bech32 or segwit formats are the most preferable formats because of their low transaction fee and easier to use. It is supported by many wallets like the ethereum wallet,

[AprilioMP]

Nothing specific that I should ask because I don't know where to start.
However, from the explanation that I have read, it is enough as the first step for me to learn more slowly in the future.

Thank You.
You are very warm as a place for me to ask if there are problems in the learning stage, are you willing?

[Hyphen(-)]

Nothing specific that I should ask because I don't know where to start.
However, from the explanation that I have read, it is enough as the first step for me to learn more slowly in the future.

It is better that you recognize that learning is the best way to get the main insight and full detailed explanation about Bitcoin and blockchain technology, Bitcoin key and address, and the right choice of wallets so that you will know the exact choice to make when beginning your Bitcoin journey.

Learnmeabitcoin.com can be helpful as a starter because it explain everything in details for you to get started and learn the basic things you need.

[sunsilk]

Nothing specific that I should ask because I don't know where to start.
However, from the explanation that I have read, it is enough as the first step for me to learn more slowly in the future.

Thank You.
You are very warm as a place for me to ask if there are problems in the learning stage, are you willing?

Everyone is willing to help you out. Aside from the stickies that's being posted in here as a suggestion for you to read about wallets.

You can also go directly to: https://bitcoin.org/en/choose-your-wallet?step=5

That's a link for wallets that you may want to use and being suggested. It's composed of hardware, desktop and mobile wallets.

[ImThour]

You can also go directly to: https://bitcoin.org/en/choose-your-wallet?step=5

That's a link for wallets that you may want to use and is suggested. It's composed of hardware, desktop, and mobile wallets.

This is really awesome and something I never knew. Bitcoin.org provides you with a reliable filter and sorting option to go out and find the best wallet either hardware or software for being your own bank. If I was a newbie, I would have loved this for how useful it is.

Let's take an example of an average Bitcoin enjoyer, who uses Windows OS, is new to the field of Crypto just like you, I would simply go with Electrum as that is also suggested by the above website.

Some features Electrum provides:

- 2FA
- BECH32
- Legacy Address
- Lightning
- Segwit
- Multisig

I am sure it covers all of your needs with Bitcoin and if you are looking for a wallet that not just only cover Bitcoin and other crypto assets as well, go with a Hardware Wallet like Trezor or Ledger.

[TravelMug]

Just to add though, all the comments are good and worth looking by the OP,

But if you can find a wallet like open-source, then it might be the best wallet that you can find, in my opinion.

Might be a good read as well: BTC address formats.

[UchihaSarada]

Some features Electrum provides:

- 2FA
- BECH32
- Legacy Address
- Lightning
- Segwit
- Multisig

With Electrum wallets, you can set up cold wallets or multisig wallets that are more secured than single-sig wallets.

Creating a cold storage wallet in Electrum
Creating a multisig wallet in Electrum
[GUIDE] How to Safely Download and Verify Electrum [Guide]
Old phone as cold storage?

[Luffygroove]

Well, that's a good effort to explain very basic knowledge about Bitcoin. So, what's the specific help that you need, mate? Uhm, about this

Wallet security, a good choice of wallet is as important as privacy.

  This is true, but it's not only the security of the wallet itself that's important; you also need to know how to secure it. For example, you need to know that the wallet consists of two keys: a private key and a public key. The private key to your wallet is a lengthy string of letters and numbers that, like a password, must be kept hidden. Meanwhile, the public key is your wallet address that was shown publicly. People can send crypto (or, in this case, bitcoin) to you through this address. It is right that wallet addresses consist of random alphanumeric that start with a 1, a 3, or a b. I hope it could help, if not don't be hesitate to ask more specific questions in this forums. Cheers!

[witcher_sense]

Wallet security, a good choice of wallet is as important as privacy.
Regarding the wallet, I found two, namely software and hardware.
Then there are addresses starting with b1. Next there is an address starting with the number 1.

All wallets listed on the bitcoin.org website are secure enough to provide reliable protection for your bitcoins: it is definitely a good source of information to choose your first wallet, especially if you have no prior experience in dealing with similar software systems. All those wallets are open-source, which means their codebase is being maintained and peer-reviewed by the bitcoin community consisting of people of different levels of expertise in programming and development. If you don't have knowledge in this field or can't review the code yourself, don't worry: as long as you use a widely-adopted wallet such as Electrum or Sparrow Wallet, you may be sure that it was well-reviewed and shouldn't contain serious bugs or vulnerabilities. As for privacy wallets, you better don't use them until you fully understand how the Bitcoin protocol works, how to manage UTXOs, and control your behavior during transaction sending or receiving. Privacy wallets won't help you if you don't understand the basics, and they may do more harm than good if you choose the wrong wallet to protect your privacy.

[Despairo]

With Electrum wallets, you can set up cold wallets or multisig wallets that are more secured than single-sig wallets.

Rather than creating your own cold storage using Electrum, it's better for @OP just buy a trusted and reputable wallet e.g. trezor or ledger from official stores without need to think how to create a safe wallet. He's still a newbie and he might mistakenly wrong set up the correct cold storage.

The price of hardware wallet is around $50-$100, he can buy more cheaper during Black Friday promotion at November, 24 if he want to wait.

[BTCGalaxyA12]

Sooner or later the OP will find the answer behind all this considering there is nothing specific to ask.
Idea after idea will be found later if OP is serious about being in this forum.
The invitation to join this bitcointalk forum is for me the right choice told by a friend or someone the OP mentioned.

Wallet security is very important, that's true. The selection of a good wallet is also very important.
Electrum, Bitcoin Core is my recommendation for PC.

Addresses are different, some start with bc1, 1 and 3.
Choose a bitcoin wallet that is open source.

[lovesmayfamilis]

It's always so surprising that the first thing newbies want to know about is wallet information.
I was like that too, thinking that if there is a wallet, then bitcoins will definitely appear there soon.
OP, in addition, it is useful for you to learn how not to lose your assets and how to properly store and use wallets.
The forum is full of information; rushing here will be a mistake. Try to study everything slowly and consistently.
Link for easy search - https://bitcointalk.org/index.php?topic=5276341.0

[Helena Yu]

Addresses are different, some start with bc1, 1 and 3.
Choose a bitcoin wallet that is open source.

Although Bitcoin addresses are different, but everyone must know if any format can receive and send to each other as long as you're use a non custodial wallet. If you use a custodial wallet or exchanges, they have a control to accept or not, depends on their development. All exchanges must be accept 1 (legacy) and 3 (segwit) address, most of exchanges already accept bc1q (native segwit), and only few exchanges are accept bc1p (taproot) address.

[Merit.s]

OP, you are welcome to the forum. It is good that you joined this community to learn and get most information about bitcoin and the blockchain. Learning is a gradual process here because there are a lot of information that you need on how to be a successful investor and how to keep your investment safe. Taking it slow and steady will make it possible. You have been given so many articles to read on wallets,you should read them so that you can know the best wallet suites you.

It's always so surprising that the first thing newbies want to know about is wallet information.

Yea,I did that also. As long as you get registered into the forum,your mindset will be how to buy bitcoin because you will be reading so many threads on bitcoin. The second thing that comes into your mind will be,if I have a bitcoin,how will I keep it safe? which will boil down to having a wallet without a bitcoin. After having a wallet,your mind will be at rest because you know that it is possible for you to have bitcoin.

[entebah]

Although Bitcoin addresses are different, but everyone must know if any format can receive and send to each other as long as you're use a non custodial wallet. If you use a custodial wallet or exchanges, they have a control to accept or not, depends on their development. All exchanges must be accept 1 (legacy) and 3 (segwit) address, most of exchanges already accept bc1q (native segwit), and only few exchanges are accept bc1p (taproot) address.

what do you mean about them having the control to accept or not bitcoin? i believe that exchanges will add the bitcoin to your balance as long the address is correct.
the sad thing if using the exchanges is we can't have control of that address