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Author Topic: Which Bitcoin wallet is the most secure?  (Read 12098 times)
voisine
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October 11, 2014, 08:52:03 PM
 #21


Paper wallet is most secure though there is some problem such as damages to paper but you can prevent it(most of them doesn't do). Back up phrase are very hard(est) to crack, but still there is a chance, less than 20% maybe. You don't want to really use "change address" feature if you don't know about it. Just use an address, store 90%+ of your BTC there and a small amount in a hot wallet.

   ~~MZ~~

Thank you for illustrating my point. Change addresses are not optional. If you had significant funds in a paper wallet and assumed that when you spent a portion, the rest would remain on the paper wallet unless you used a "change address feature", then you would have lost your funds.

Also backup phrases (in breadwallet) have 128bits of entropy, so they are as secure as any bitcoin address. Bitcoin uses a 256bit ECDSA curve, and the strength of an ECDSA signature is about half the curve length.
bernard75
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October 25, 2014, 09:48:42 PM
 #22

Tattoo. Wink
El Emperador
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October 26, 2014, 09:24:19 PM
 #23

- Bitcoin Qt
- Armory
- Electrum
- GreenAddress

But Electrum and GreenAddress doesn't need to download the whole blockchain, so I recommend these ones.

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HeroCat
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December 09, 2014, 12:23:35 PM
 #24

I think only Trezor wallet is most secure, also easy to use  Grin
mlferro
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December 13, 2014, 04:00:52 PM
 #25

for me, just Bitcoin Qt

Muhammed Zakir
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December 13, 2014, 04:18:58 PM
 #26

for me, just Bitcoin Qt

If you are already using Bitcoin-Qt, then try to install Armory too. Smiley

   ~~MZ~~

mlferro
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December 13, 2014, 04:26:23 PM
 #27

for me, just Bitcoin Qt

If you are already using Bitcoin-Qt, then try to install Armory too. Smiley

   ~~MZ~~
I will test, this wallet is off or on?
thanks for the tip

Muhammed Zakir
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December 13, 2014, 04:45:37 PM
 #28

I will test, this wallet is off or on?
thanks for the tip

That's the best part. You can either use it as offline wallet or online wallet. Smiley

   ~~MZ~~

mlferro
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December 13, 2014, 08:58:12 PM
 #29

I will test, this wallet is off or on?
thanks for the tip

That's the best part. You can either use it as offline wallet or online wallet. Smiley

   ~~MZ~~
Now I was curious !! a wallet which load blocks, and does not load blocks

how it works (is that now I have no time to download the portfolio), we that decides if we have time,  it carries the blocks, and so we use it as offline.
otherwise, if we do not have time, use it as online?

Muhammed Zakir
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December 13, 2014, 09:32:07 PM
 #30

Now I was curious !! a wallet which load blocks, and does not load blocks

how it works (is that now I have no time to download the portfolio), we that decides if we have time,  it carries the blocks, and so we use it as offline.
otherwise, if we do not have time, use it as online?

You can create many wallet in Armory wallet. You can use one as hot and one as cold. Give some space for cold, so the encryption would be better. Bitcoin core is needed to use Armory online, else, it assume that it is being used as an offline wallet. It will run Bitcoin core in background. There are good back-up options. Try it! Smiley

    ~~MZ~~

nauane
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December 13, 2014, 10:32:45 PM
 #31

I use multbit e Bitcoin Qt.
seem quite safe
mlferro
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December 15, 2014, 04:02:19 AM
 #32

Now I was curious !! a wallet which load blocks, and does not load blocks

how it works (is that now I have no time to download the portfolio), we that decides if we have time,  it carries the blocks, and so we use it as offline.
otherwise, if we do not have time, use it as online?

You can create many wallet in Armory wallet. You can use one as hot and one as cold. Give some space for cold, so the encryption would be better. Bitcoin core is needed to use Armory online, else, it assume that it is being used as an offline wallet. It will run Bitcoin core in background. There are good back-up options. Try it! Smiley

    ~~MZ~~
Yesterday I had a very wrong idea about the meaning of a wallet is online and offline.
After seeing the definition could understand and that, indeed, this wallet seems to be very interesting.
I'll instal in my service computer tomorrow

Mousepotato
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December 15, 2014, 10:31:18 PM
 #33

I use Armory, but it's only as secure as the OS/computer it's run on.

Mousepotato
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December 16, 2014, 04:52:24 PM
 #34

I use Armory, but it's only as secure as the OS/computer it's run on.

True but encrypting the Armory and Bitcoin folders with tryecrypt or 7zip would give an extra layer of security. Smiley

   ~~MZ~~

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December 18, 2014, 07:54:44 AM
 #35

I would say Bitcoin Core is the most secure Bitcoin wallet , But it have a lot less feature then the other wallets like importing & exporting private keys & it also download the blockchain file which is big & takes time to do it .

If you can afford buying Trezor , just do it ! It is the most secure in my opinion.
If not , and you insist using Desktop wallets , then just go with Electrum , pretty easy to use & you can recover your wallet in case of failure in your computer with 12 words seed
Muhammed Zakir
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December 18, 2014, 01:16:15 PM
 #36

I would say Bitcoin Core is the most secure Bitcoin wallet , But it have a lot less feature then the other wallets like importing & exporting private keys & it also download the blockchain file which is big & takes time to do it .

What do you mean? Huh With Bitcoin core, you can import and export private keys easily. And yes, you will need to have atleast ~30+ GB to run Bitcoin core but this will be fixed with the upcoming long waited update. Smiley

If you can afford buying Trezor , just do it ! It is the most secure in my opinion.

You are right. If you can't buy Trezor, you can buy BTChip or Legder wallet. It is cheaper but secure like Trezor but have lower physical security.

If not , and you insist using Desktop wallets , then just go with Electrum , pretty easy to use & you can recover your wallet in case of failure in your computer with 12 words seed

You can also use Multibit-HD or Multibit instead of Electrum. Smiley

   ~~MZ~~

blg425 (OP)
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December 19, 2014, 07:34:38 AM
 #37

I prefer my trezor and only keep small amounts in my mobile wallet.


noobtrader
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December 19, 2014, 09:19:58 AM
 #38

i use multibit on pc and mycelium on smartphone.

its great because i dont need to download huge blockchain

"...I suspect we need a better incentive for users to run nodes instead of relying solely on altruism...",  satoshi@vistomail.com
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December 24, 2014, 09:23:02 AM
 #39

For me, Multibit + Truecrypt. Usability and security.  Smiley
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December 24, 2014, 05:47:17 PM
 #40

if you are looking for light client and don't want to download big blockchain then
go for
Armory
or multibit

and if you can download big blockchain then bitcoin core wallet is best choice
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