Help deciding which light weight bitcoin wallet

[bangi]

I`m trying to pick either Multibit or Electrum.

Anyone using these, tell me the difference or which ones more user appeal.

Thanks!


Edit: I use a Mac

[Dxuz]

hah!, i just wanted to create this thread .
I still confuse about which wallet should i use, but when i looked at Electrum features, they got this Instant on: Your client does not download the blockchain. It uses a network of specialized servers that index the blockchain.

It save my internet quota

[bangi]

Wait so have you used electrum before?

[Dxuz]

i just want to try it
maybe tomorrow
it's already midnight at my place, got to sleep 

[BillyBobJoe]

hah!, i just wanted to create this thread .
I still confuse about which wallet should i use, but when i looked at Electrum features, they got this Instant on: Your client does not download the blockchain. It uses a network of specialized servers that index the blockchain.

It save my internet quota

Multibit only downloads a very small portion of the blockchain somehow, they way I understand it.

I settled on Multibit.

[Abdussamad]

I`m trying to pick either Multibit or Electrum.

Anyone using these, tell me the difference or which ones more user appeal.

Thanks!


Edit: I use a Mac

Let me list the differences and you can then decide based on that:

Electrum
- Deterministic so you can make one backup and it is good for life.
- Minimalistic interface
- Multiple wallets are opened in separate windows.
- Sends change to a new address. Good for privacy.
- Relies on external servers run by volunteers for transaction data and to broadcast send transactions. This is not good for privacy because those external servers can see all your addresses and transactions (they cannot see your private key though)

Multibit (classic)
- Uses bloom filters for transaction data rather than centralized servers. Better for privacy than Electrum in this regard.
- Not deterministic. You have to create fresh backups each time you generate a new receive address.
- Reuses change addresses. Not so good for privacy.
- Has charts and tickers integrated into the interface.
- Supports multiple wallets in one window.

If you don't care about privacy then electrum is better because of the single backup feature. Note that multibit hd, when it comes out, will be different from multibit classic.

[bangi]

I`m trying to pick either Multibit or Electrum.

Anyone using these, tell me the difference or which ones more user appeal.

Thanks!


Edit: I use a Mac

Let me list the differences and you can then decide based on that:

Electrum
- Deterministic so you can make one backup and it is good for life.
- Minimalistic interface
- Multiple wallets are opened in separate windows.
- Sends change to a new address. Good for privacy.
- Relies on external servers run by volunteers for transaction data and to broadcast send transactions. This is not good for privacy because those external servers can see all your addresses and transactions (they cannot see your private key though)

Multibit (classic)
- Uses bloom filters for transaction data rather than centralized servers. Better for privacy than Electrum in this regard.
- Not deterministic. You have to create fresh backups each time you generate a new receive address.
- Reuses change addresses. Not so good for privacy.
- Has charts and tickers integrated into the interface.
- Supports multiple wallets in one window.

If you don't care about privacy then electrum is better because of the single backup feature. Note that multibit hd, when it comes out, will be different from multibit classic.

Thanks this helped me to decide. I`ll be going with electrum, until multibit hd comes out.

[CEG5952]

I prefer Electrum when looking for a very lightweight wallet. Syncs extremely quickly. Although, if I were concerned about privacy, I may look elsewhere, due to the its system of nodes (which allow for such quick syncing).

[Swadq]

I'm currently using Electrum, and have been for months now. It's really lightweight, I was up and running within a minute.

Having said that, multibit are working on some great new features right now, so I might consider them. The transaction fee they've added is a little controversial though, I'm not sure how you'd feel about that: http://www.coindesk.com/cash-strapped-multibit-developers-charge-transaction-fee/

[cp1]

Another vote for electrum.  The main advantage is that you only need to write down your secret key phrase once and all current & future addresses in your wallet are backed up.  With multibit you have to keep making backups the more you use it.

[CEG5952]

Another vote for electrum.  The main advantage is that you only need to write down your secret key phrase once and all current & future addresses in your wallet are backed up.  With multibit you have to keep making backups the more you use it.

It's a huge convenience that the Electrum seed allows access to all addresses. That's one of the things that always bugged me about QT -- remembering to make regular backups. On the flip side, though, it's good practice to be making regular backups...

[bangi]

I just need it for gambling, cause sometimes the confirmations will eat up the gambling bet time.

Thanks for all the inputs.

[byt411]

I vote for electrum due to its fast sync time, newbie-friendliness and the ability to select fees clearly.
Multibit is planning to force a big transaction fee so that the developers can take a cut of that...

[bangi]

I vote for electrum due to its fast sync time, newbie-friendliness and the ability to select fees clearly.
Multibit is planning to force a big transaction fee so that the developers can take a cut of that...

This is a newb question, outside the ones that electrum provided with the 4-5 btc address.

Is there a way to create more? I cant seem to find this function.

[nickenburg]

I`m trying to pick either Multibit or Electrum.

Anyone using these, tell me the difference or which ones more user appeal.

Thanks!


Edit: I use a Mac

Im using Multibit for quite a while now, and I really like the program.
It start's up really fast, and the blockchain it downloaded on my pc is only 307 mb.
Also I chose multibit because they have it in my language: Dutch
However Ive never heard of Electrum so I wouldnt know anything about that wallet.

[byt411]

I vote for electrum due to its fast sync time, newbie-friendliness and the ability to select fees clearly.
Multibit is planning to force a big transaction fee so that the developers can take a cut of that...

This is a newb question, outside the ones that electrum provided with the 4-5 btc address.

Is there a way to create more? I cant seem to find this function.

Once you use up all of them, electrum will generate more automatically.
You can always import an address, but that won't be recovered by the seed.

[bangi]

I vote for electrum due to its fast sync time, newbie-friendliness and the ability to select fees clearly.
Multibit is planning to force a big transaction fee so that the developers can take a cut of that...

This is a newb question, outside the ones that electrum provided with the 4-5 btc address.

Is there a way to create more? I cant seem to find this function.

Once you use up all of them, electrum will generate more automatically.
You can always import an address, but that won't be recovered by the seed.

Oh okay, thanks 

[Dxuz]

I vote for electrum due to its fast sync time, newbie-friendliness and the ability to select fees clearly.
Multibit is planning to force a big transaction fee so that the developers can take a cut of that...

This is a newb question, outside the ones that electrum provided with the 4-5 btc address.

Is there a way to create more? I cant seem to find this function.

Once you use up all of them, electrum will generate more automatically.
You can always import an address, but that won't be recovered by the seed.

what do you mean?

[Testing123]

I vote for electrum due to its fast sync time, newbie-friendliness and the ability to select fees clearly.
Multibit is planning to force a big transaction fee so that the developers can take a cut of that...

This is a newb question, outside the ones that electrum provided with the 4-5 btc address.

Is there a way to create more? I cant seem to find this function.

Once you use up all of them, electrum will generate more automatically.
You can always import an address, but that won't be recovered by the seed.

what do you mean?

The seed (12 words) can be used to generate the same private keys (and hence addresses) again and again (deterministic).
But for your imported private key, it can not be generated from your seed.

[Harley997]

I`m trying to pick either Multibit or Electrum.

Anyone using these, tell me the difference or which ones more user appeal.

Thanks!


Edit: I use a Mac

I personally use multibit. I find it to be very user friendly and easy to use.

My concern with Electrum is that your keys are stored on the server, making it not only possible for your keys/wallet to be hacked but also opening the possibility that you lose your seed (and your coins).