What Wallet Do You Store Your Bitcoin?

[aylabadia05]

I keep on the desktop version of Electrum.
on Mobile I use Blue Wallet.

I also use the Electrum Mobile Wallet and it's still working well.
I also used Blue Wallet at first, but I found Electrum more convenient so I left Blue Wallet (everyone has different experiences).

The use of the mobile version of Electrum is not that good in the sense that Electrum is not bad, but the use of Electrum on the desktop version is very good.
In my opinion, the mobile version of the bitcoin wallet that is easier to use is BlueWallet. Many features available.
Still in the context of the desktop version, I would like to say that the preferred use of the desktop version of the wallet is Electrum and it is a software wallet that I recommend to anyone who wants to use it on a desktop.

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[Pmalek]

If you want a wallet where you can safely store your coins and keep them in your custody and control, you will have to forget about earning interest. Interest is earned on coins that aren't being stored, but are "moving around" between partner services. You don't know what's happening with them or where they are. Recent history has shown that it can quickly go wrong.

I would never consider NEXOs 5%, 10%, or 20%, regardless of how tempting it might seem at first. The risk isn't worth it.
And when Bitcoin starts its next bull run, it will earn holders much more than what NEXO and similar custodian gamblers offer their clients.

[Volgastallion]

I use Electrum as a main wallet, but you always needs to check your requeriments and also how much BTC youa re gonna have or hold.

Like the other persons in this thread already said to you i think its better to avoid all that web wallets who offers you X% for rely your BTC with them. If you want to run that risk, please put not all your BTC on that, and be very carefull.

[AprilioMP]

I'm new to Cryptocurrency and instead of learning the in and outs of trading, I decided to buy BTC and hold. The reason being, is because of the dozen websites I've visited they all claim BTC will skyrocket in the upcoming years.

The reason given to buy BTC and then hold it is true.
Bitcoin which is used as an investment asset by people will experience a high price increase, usually people often call it ATH.

If someone was to buy and hold, why would they get a wallet that doesn't pay interest?

Saving Bitcoin is not like saving money in a bank. The bank chosen to save money will provide monthly interest and annual interest with a percentage multiplication in accordance with the amount of money saved.
Storing bitcoin in a trusted wallet for a certain period of time can also make a profit.

The first advantage, the BTC stored in the wallet is only us who control. Very much different from the bank that makes the money played for other purposes outside of our knowledge because the status has become the property of the bank as long as we do not pull it back.
The second advantage, we will get a percentage of selling when prices reach high prices.

What Wallet Do You Store Your Bitcoin?

I have decided to use Electrum as a wallet to store BTC.

[gunhell16]

I keep on the desktop version of Electrum.
on Mobile I use Blue Wallet.

I also use the Electrum Mobile Wallet and it's still working well.
I also used Blue Wallet at first, but I found Electrum more convenient so I left Blue Wallet (everyone has different experiences).

The use of the mobile version of Electrum is not that good in the sense that Electrum is not bad, but the use of Electrum on the desktop version is very good.
In my opinion, the mobile version of the bitcoin wallet that is easier to use is BlueWallet. Many features available.
Still in the context of the desktop version, I would like to say that the preferred use of the desktop version of the wallet is Electrum and it is a software wallet that I recommend to anyone who wants to use it on a desktop.

So you are clearly saying that it is better to use BlueWallet for storing Bitcoin compared to Electrum using mobile apps? Can I know dude, why? For now, it's okay for me to use Electrum mobile apps. Although it cannot be denied that I feel more comfortable using Electrum on the desktop,

I haven't tried the bluewallet yet, but I'll check it, and maybe later I'll shift to using it on mobile instead of Electrum, because I've read a lot like that in the forum. Maybe, I'll just log out my Electrum accounts using mobile to be safe.

[Z-tight]

So you are clearly saying that it is better to use BlueWallet for storing Bitcoin compared to Electrum using mobile apps? Can I know dude, why? For now, it's okay for me to use Electrum mobile apps. Although it cannot be denied that I feel more comfortable using Electrum on the desktop.

I think it is because Electrum on Android lacks some features that are present in the desktop version, take note that this is not about the safety of your funds or keys, because both Android and Desktop Electrum are safe, if you follow the required safety precautions. But Electrum on Android lacks features like coin control, you cannot select a particular UTXO to spend, you have to combine all your UTXO's which is bad for privacy, Android Electrum also lacks the feature of fee customization, you only have a fee slider on Android, but you can't customize your fee, you can't also sign a message using Electrum on Android, etc.

[Pmalek]

The first advantage, the BTC stored in the wallet is only us who control.

That depends on many factors:
- How you created the wallet and generated its keys.
- How you stored those keys.
- What type of wallet you used. A custodial wallet differs significantly from a non-custodial one if we are talking about control of the keys.
- And if you took all the precautions to ensure the wallet is recoverable if and when needed.

So you are clearly saying that it is better to use BlueWallet for storing Bitcoin compared to Electrum using mobile apps? Can I know dude, why?

I combine Electrum for desktops with my hardware wallets, but I wouldn't use the mobile version as my go to mobile wallet. As Z-tight explained, it lacks important features that Electrum's desktop and Blue Wallet possess. I have tried Electrum on my Android and it never felt right. It feels like such a hurried release that doesn't work properly. It's not unsafe, though.

I suggest you download and install both applications and create test wallets. After that, see for yourself. You will notice why Blue Wallet should be the better choice. At least, for me it is. 

[Volgastallion]

I think we allways ended up in the same results, but for me first off all the hardware/software analysis over wallets and wich its better and why, we have to split the discussion into two things.

• Hardware/Software concern.
• Personal use and interest.

And the part of personal use and interest its very important, because its not the same to save a few bucks tahn  a large ammount, its not the same being a guy who travel all the time and sometimes without your laptop and you need a fast and good wallet on your phone.

Its not the same the strategy of anyone on who split his saves, in one wallet, two, one for spends, and one for savings, etc. And i thinkw e allways discuss so much about the tecnological section and not the most common human being.

For example here its like a bad word having a hot web wallet like Blockchain, but for me if you use that wallet like a bridge or for spend its a very easy way to use and start for people.

[Z-tight]

For example here its like a bad word having a hot web wallet like Blockchain, but for me if you use that wallet like a bridge or for spend its a very easy way to use and start for people.

How do intend to use Blockchain wallet like a bridge, a bridge to what? Take note that even if you need an online wallet for spending on the go, blockchain wallet is not a recommended one, it is a web wallet and their users always complain of bugs and different other problems, Electrum is easy to use and is great as an online wallet for spending on the go, BlueWallet is another option. To store the bulk of your money, you can then run Electrum on an airgapped device or use a hardware wallet.

[AprilioMP]

The first advantage, the BTC stored in the wallet is only us who control.

That depends on many factors:
- How you created the wallet and generated its keys.
- How you stored those keys.
- What type of wallet you used. A custodial wallet differs significantly from a non-custodial one if we are talking about control of the keys.
- And if you took all the precautions to ensure the wallet is recoverable if and when needed.

Before deciding to use a wallet as a place to store BTC, there are several factors studied. After going through all the research, the decision made is quite good — it includes all the factors you mentioned, namely how to use it and how to secure it.

[aylabadia05]

The use of the mobile version of Electrum is not that good in the sense that Electrum is not bad, but the use of Electrum on the desktop version is very good.
In my opinion, the mobile version of the bitcoin wallet that is easier to use is BlueWallet. Many features available.
Still in the context of the desktop version, I would like to say that the preferred use of the desktop version of the wallet is Electrum and it is a software wallet that I recommend to anyone who wants to use it on a desktop.

So you are clearly saying that it is better to use BlueWallet for storing Bitcoin compared to Electrum using mobile apps? Can I know dude, why? For now, it's okay for me to use Electrum mobile apps. Although it cannot be denied that I feel more comfortable using Electrum on the desktop,

Using the mobile version of Bluewallet has more features compared to Electrum (mobile), such as cost settings and coin control like the Android I use.
The mobile version of Electrum doesn't have as many features as the features in the mobile version of Bluewallet.
Regarding security and so on in wallets, it depends on each individual and this is not intended to compare Bluewallet with Electrum.

I haven't tried the bluewallet yet, but I'll check it, and maybe later I'll shift to using it on mobile instead of Electrum, because I've read a lot like that in the forum. Maybe, I'll just log out my Electrum accounts using mobile to be safe.

You can try using the mobile version of bluewallet. You will get the difference in convenience.

[Pmalek]

For example here its like a bad word having a hot web wallet like Blockchain, but for me if you use that wallet like a bridge or for spend its a very easy way to use and start for people.

Just because something is easy, it doesn't mean that it's good or better than the more challenging alternatives. In fact, it's often the other way around. It's easier to register on a CEX, login in with your username and password, and store your coins with them. That's easier than having to set up your own wallet, generate the seed securely, and making multiple physical backups on paper or metal that you will keep in different geographical locations. But the quicker option here isn't safer and thus not better.

Blockchain is a buggy wallet that works today and doesn't work tomorrow. People have reported all kinds of weird problems with it that have created difficulties for them to work with their coins. Because of that, I see no reason to use something that may or may not work. Better software wallets are available both for desktop and mobile devices than Blockchain.