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Author Topic: Recommendation for multi-crypto software wallets that support BIP-39 passphrase  (Read 541 times)
BlackHatCoiner
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November 09, 2023, 10:00:00 AM
 #21

For some reason I remembered Bisq because it's not only a decentralized exchange, but you also get a non-custodial wallet with a seed phrase that you can use as such.
I wouldn't use it as an Ethereum wallet. Their wiki is nearly empty when it comes to that, plus I've never heard of them being pro-ethereum, so I doubt they have developed it with caution. On the other hand, I have never heard of a reputable, open-source, reviewed Ethereum wallet either (e.g., the respective Electrum), but it must be that I've never done more than an ethereum transaction. I would also avoid buying ETH from Bisq, as there are few offers and it's most likely going to be pricey.

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Pmalek
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November 09, 2023, 04:55:09 PM
 #22

I opened BISQ to verify the passphrase and a mandatory update popped up and it's taking forever for update not sure why though.
Everything works through TOR, so you can't expect download speeds to be the priority in such cases. It's a slow process.

Bisq is not user-friendly so I agree with you completely that it shouldn't be considered as a wallet for storing, its decentralized exchange and to be used for the intended purposes.
Sure, but you also wouldn't need to use it for any trading. It's the trading aspect that isn't user-friendly. Creating a new wallet and making backups of your seed is the same as with any other non-custodial software.

On the other hand, I have never heard of a reputable, open-source, reviewed Ethereum wallet either (e.g., the respective Electrum)
MyEtherWallet is open-source. I can't comment on the reviewed part of your post, though. But MEW should be good enough.

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bayu7adi
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November 10, 2023, 07:56:20 AM
 #23

My suggestion might be to use an emulator to run wallets and mobile apps that meet these criteria. This way, you'll have plenty of good options to choose from.

open the bitcoin.org site -> choose your wallet -> desktop wallets [linux, macOs, windows] https://talkimg.com/images/2023/11/07/tjydj.jpeg -> select the criteria you want by checking the box for the features you are looking for -> done. You will find a wallet according to your needs.

Indeed, it's true that some recommended wallets have their own unique features and security indicators. It's possible that the list displayed only supports wallets for storing Bitcoin, while what we're looking for here is a multi-coin wallet to store BTC with BIP-39 seed import support and the ability to store Ethereum, much like Unstoppable Wallet.
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November 10, 2023, 05:24:56 PM
 #24

[snip]
while what we're looking for here is a multi-coin wallet to store BTC with BIP-39 seed import support and the ability to store Ethereum, much like Unstoppable Wallet.
If I'm not mistaken, Charles-Tim and OmegaStarScream have answered OP's question regarding wallet recommendations for multi-crypto and I agree with the recommendations given by both of them.
1. https://bitcointalk.org/index.php?topic=5472435.msg63087849#msg63087849
2. https://bitcointalk.org/index.php?topic=5472435.msg63087860#msg63087860

OP made an exception after they recommended the Unstoppable wallet because according to the OP the Unstoppable wallet did not meet the criteria considering that Unstoppable is not available for desktop.

Sorry, forgot to mention another key requirement which is being a desktop app (or at least browser extension) that can be run on Linux, so Unstoppable Wallet doesn't fit under that requirement.

Below, BitMaxz also provides an alternative by mentioning Mycelium because it supports Bitcoin and Ethereum.

https://bitcointalk.org/index.php?topic=5472435.msg63087909#msg63087909

I tried to offer the most basic things to the OP to choose the wallet they want themselves by opening the bitcoin.org site to see the desired criteria.

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BlackHatCoiner
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November 10, 2023, 07:05:37 PM
 #25

MyEtherWallet is open-source. I can't comment on the reviewed part of your post, though. But MEW should be good enough.
Ugh, it's a browser wallet. I remember I had used that once, when I had requested to receive ETH. It was the best I could find.  Tongue

My suggestion might be to use an emulator to run wallets and mobile apps that meet these criteria.
That is rather a terrible suggestion. These wallets aren't supposed to be running outside their mobile OSes, and since an emulator isn't a 100% replica of a mobile OS (like Android), you can't expect to gain the same levels of security.

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Pmalek
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November 10, 2023, 07:57:15 PM
 #26

That is rather a terrible suggestion. These wallets aren't supposed to be running outside their mobile OSes, and since an emulator isn't a 100% replica of a mobile OS (like Android), you can't expect to gain the same levels of security.
That's exactly what I wanted to ask bayu7adi after I saw his post. Are you sure that it would be a downgrade in security and why? If the wallet is being emulated on a clean desktop OS, would there be a loss in entropy if we generated a seed through that emulated software, or would the keys be less secure? Obviously, it would have to be a trusted and safe emulator, which also begs the question if there is such a thing?   

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BitMaxz
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November 10, 2023, 11:30:11 PM
 #27

That's exactly what I wanted to ask bayu7adi after I saw his post. Are you sure that it would be a downgrade in security and why? If the wallet is being emulated on a clean desktop OS, would there be a loss in entropy if we generated a seed through that emulated software, or would the keys be less secure? Obviously, it would have to be a trusted and safe emulator, which also begs the question if there is such a thing?   
It should work just fine in terms of security but we can't guarantee the safety of our wallet to any emulators if connected online. However, if the wallet you are using is capable of running offline or has no internet connection maybe any emulator is safe to use just make sure that the emulator and the wallet remain offline never connect it online, and only use a cam for scanning and signing a transaction.

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Pmalek
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November 11, 2023, 08:02:35 AM
 #28

It should work just fine in terms of security but we can't guarantee the safety of our wallet to any emulators if connected online. However, if the wallet you are using is capable of running offline or has no internet connection maybe any emulator is safe to use just make sure that the emulator and the wallet remain offline never connect it online, and only use a cam for scanning and signing a transaction.
But we are talking about multicoin hot wallets that are online regardless of an emulator or not. They either run on a smarthphone - making them hot or on an internet-connected desktop system, which again makes them hot wallets. I have never heard of an airgapped multicoin wallet that is also open-source on top of that.

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Findingnemo
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November 11, 2023, 08:43:52 AM
 #29

Bisq is not user-friendly so I agree with you completely that it shouldn't be considered as a wallet for storing, its decentralized exchange and to be used for the intended purposes.
Sure, but you also wouldn't need to use it for any trading. It's the trading aspect that isn't user-friendly. Creating a new wallet and making backups of your seed is the same as with any other non-custodial software.

It's not as user-friendly as a wallet like Electrum to send/receive funds and anything that we do in the wallet otherwise seed creation/ baking up and all are one-time processes so it's all the same as every other wallet.

Even from as storing perspective, it doesn't look user-friendly or not convenient for reasons like taking time for everything and for the record I really wanted to use BISQ due to its no KYC but it doesn't have any liquidity for the fiat I want to trade so I just have to still stick with KYCed P2Ps.

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November 15, 2023, 08:20:48 PM
Merited by Pmalek (2), Rikafip (1)
 #30

Few days ago I heard about new multichain wallet with a bit funny name - Uniblow wallet  Cheesy
It is open source, it can work on Linux, MacOS and wind0ws, and it's even working with some hardware wallets like Satochip and ledger.
Don't expect any advanced configuration settings, and use it only with smaller amount of coins for testing.
Uniblow supports BTC, ETH with tokens and nft, BSC with tokens, Matic with tokens, Tron with tokens, FTM, AVAX; SOL and other shitcoins.
Full list of supported coins can be found here: https://uniblow.org/features


https://github.com/bitlogik/uniblow

official website:
https://uniblow.org/

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BlackHatCoiner
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Farewell, Leo


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November 15, 2023, 08:37:29 PM
Last edit: November 15, 2023, 08:49:34 PM by BlackHatCoiner
Merited by Pmalek (2)
 #31

Are you sure that it would be a downgrade in security and why?
I guess we can test it and see, but I'd stay away from using any emulator with real money.

If the wallet is being emulated on a clean desktop OS, would there be a loss in entropy if we generated a seed through that emulated software, or would the keys be less secure?
Depends on the potential security holes of the emulator.

Obviously, it would have to be a trusted and safe emulator, which also begs the question if there is such a thing?
There's waydroid which can run on Linux, is open-source and released under the GPLv3 license. I'm sure there are more, but even if "fully reviewed and totally secure", I'd not use a Bitcoin mobile app in an environment that wasn't written to run on, because there might be security implications with the app itself.

The safest approach is to use different wallet software for each cryptocurrency. The security will be better, because no developer cares to be as cautious as each expert team for each crypto accordingly.

Uniblow wallet
I don't care what they say. I don't trust someone who calls their work like that.  Tongue

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