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Bitcoin wallets

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For any newbie it is very important to know what wallets are and how to use them in correct way.

Best website to introduce you with wallets in Bitcoin.org

https://bitcoin.org/

 

Best desktop wallet is Electrum, but you can and compare it with other wallets.

There are also options for mobile, web and hardware wallets.

 

Always double check if you are on official Electrum wallet website:

https://electrum.org 

 

 

Edited by hexwin
  • Useful or interesting 2

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6 hours ago, moonuranus said:

Cool post, it is really a good thing to share the wallets that we are using to see what to be trusted.

Electrum is indeed the best bitcoin wallet as you don't need to sync the whole blockchain of bitcoin, I also recommend this one as my primary choice of desktop wallet.

I'm using Exodus for my multi wallet option and Green wallet for segwit address and I'm ok with it, on Green wallet you can have as many 20 Bitcoin address and on Exodus you can have as many as 30 coins and you can trade your coins to Bitcoin and vice versa

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I used blockchain and Coinbase in the past, but presently looking to move my funds into Electrum wallet. Does somebody tell me what could be the fee in Elctrum while moving funds to outside of the wallet?

Does is it cheaper than Blockchain?


My services

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Posted (edited)

For those who were concerned about retaining privacy  and anonymity I would advise Wasabi wallet that has build-in  CoinJoins protocol to mix coins coming from trustless sources.

Edited by cryptex

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15 hours ago, cryptex said:

For those who were concerned about retaining privacy  and anonymity I would advise Wasabi wallet that has build-in  CoinJoins protocol to mix coin coming from trustless sources.

Yeah Wasabi is great if you want privacy for your bitcoin transactions.
Other option I like a bit better is samourai wallet  https://samouraiwallet.com/

I would like to see more options in future also

 

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On 10/1/2019 at 7:35 AM, hexwin said:

image.thumb.png.e1f3a4bc6ed3334a7317273345189373.png

 

For any newbie it is very important to know what wallets are and how to use them in correct way.

Best website to introduce you with wallets in Bitcoin.org

https://bitcoin.org/

 

Best desktop wallet is Electrum, but you can and compare it with other wallets.

There are also options for mobile, web and hardware wallets.

 

Always double check if you are on official Electrum wallet website:

https://electrum.org 

 

 

I've used so far electrum, but I became curious about wasabi mate. Have you try to use this wallet?

was it really good and safe if I try to use it, is it downloadable too on desktop?


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try using the blockchain.com wallet I've been using the wallet since I know bitcoin
if you want to use hardwallet try Ledger nano

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14 hours ago, hexwin said:

Yeah Wasabi is great if you want privacy for your bitcoin transactions.
Other option I like a bit better is samourai wallet  https://samouraiwallet.com/

I would like to see more options in future also

 

If I am not wrong samourai don't have coin control option that allows to choose UTXO manually and thus construct transactions,  so in this respect  it is  less advanced than wasabi. At the same the last can not be installed on mobile as it is desktop-only wallet. So those who focused on mobile wallets should pay attention to  samourai.

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To be honest, Electrum was a good Wallet once opon a time 😄 Since their Fees sometimes hit the nuts while they everywhere else are way lower i dont believe everything works right there. Same with "TrustedCoin" the provider they use for 2fa which you have to pay for if you wanna use it and that i quartals is really hard to understand as they want money for security while they have a deal with TrustedCoin to Share those Funds. Its just easy to say we have to pay TrustedCoin. Pretty much Electrum was the reason behind my Hardware Wallets use some years ago.

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On 10/1/2019 at 10:02 PM, xBDT Script said:

The wallets I have used so far:

~ Bitcoin core

~ Electrum

~ BitPay

Electrum is the best for everyone I think because it doesn't require anything to be downloaded unlike Bitcoin Core, Core requires a lot of time to be sync as well as a lot of space in the device unless anyone using prune mode.

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Posted (edited)

Best thing about Electrum is that it can be connected with Ledger Nano wallets,

and in that way add sign-a-message option for Ledger wallet, as they removed that option in latest updates.

Instruction on Ledger website:
https://support.ledger.com/hc/en-us/articles/115005161925-Set-up-and-use-Electrum

Edited by hexwin

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16 minutes ago, Consignee said:

Electrum is the best for everyone I think because it doesn't require anything to be downloaded unlike Bitcoin Core, Core requires a lot of time to be sync as well as a lot of space in the device unless anyone using prune mode.

I really do not have much idea but what I understand is that they have full node in their server and from there the Electrum client synchronize the wallet.

I could be totally wrong in it.

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3 minutes ago, xBDT Script said:

I really do not have much idea but what I understand is that they have full node in their server and from there the Electrum client synchronize the wallet.

I could be totally wrong in it.

There are a lot of server from Electrum, you can connect anyone of them or it can also be automatically done. Sometimes, you have to change the server if anything goes wrong with default chosen server.

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Just now, Consignee said:

There are a lot of server from Electrum, you can connect anyone of them or it can also be automatically done. Sometimes, you have to change the server if anything goes wrong with default chosen server.

 

I am talking about the synchronization of the whole blockchain. In those servers they have the full nodes so may be the client we have in out desktop it synchronize with those nodes.

Without synchronizing they can not update the blockchain of-course. 

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1 minute ago, xBDT Script said:

I am talking about the synchronization of the whole blockchain. In those servers they have the full nodes so may be the client we have in out desktop it synchronize with those nodes.

Without synchronizing they can not update the blockchain of-course. 

Yup, Electrum server is doing the downloading the blockchain for us. I have seen some altcoin blockchain have pre-downloaded blockchain which is being updated time to time in their official. Don't know why such file isn't available for Bitcoin.

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Posted (edited)
4 minutes ago, Consignee said:

Yup, Electrum server is doing the downloading the blockchain for us.

I think you are correct. There must have some connection with the full node and the servers are the only logical option.

 

Quote

I have seen some altcoin blockchain have pre-downloaded blockchain which is being updated time to time in their official. Don't know why such file isn't available for Bitcoin.

I really do not have much idea about those alts. 😊

 

1 minute ago, seriousguywithfunnypants said:

A crypto hodler must have a hardware wallet for the maximum security.

Well what do you think about a multiSig wallet?

Edited by xBDT Script

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I am mostly using Nexo.io wallet for my regular transactions as they don’t charge any withdrawal fees and are planing to pay interest on your crypto balance. Also there will be a debit card in the near future 🙂

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1 minute ago, clarityfund said:

are planing to pay interest on your crypto balance.

Sounds cool, I hope we will not see another version of Bittttcooooonnnnecttttt!

This kind of wallet or whatever you say it which offer interest, will certainly one day get run out because when there will be a significant price change, they will get trouble to be stable.

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