which is why Im asking it in the first place. Theres tons of different kinds of Bitcoin wallets out there and Im curious as to what everyone here is generally using.
So to re-phrase the question; in your personal opinion, what would you consider to be the best Bitcoin wallet and why? What do you think the best Bitcoin wallet for newbies is?
Theres tons of newbies here (including myself) and being able to read through the communitys responses is highly beneficial to newcomers.
Hardware wallet. Physical storage allows you to privately secure your private keys. I ordered a nano ledge s and am waiting for it to come in the mail. In the meantime my bitcoin is being stored in a paper wallet on breadwallet which is pretty secure. Just dont store on an exchange!
Hardware wallet for large funds and Samourai for a smaller amount to keep on my phone for spending.
I agree with this. With any hardware or software wallet, an often overlooked step is protecting the mnemonic seed phrase (these are often stored on paper). Secret Steel is a good wallet backup Use this for cold storage.
Im used to running Mycelium on LineageOS and Bitcoin-Qt and Electrum on Ubuntu. Ive had the bad fortune of trying to guide a friend or two that are new to Bitcoin to wallets on iOS. Every single wallet has been shite.
Could anyone recommend a good iOS wallet that has the following features?
can import private keys in WIF (by QR code or typing)
I personally use Exodus and I havent ran into any problems. Protected with a password but if you have poor internet safety practices then Id go with a hardware wallet… or practice better internet safety.
I just downloaded this. Its a beautiful UI. I saw that the fees are ridiculous. What do you think?
I use bitcoin-qt or bitcoin core. That way I can store my private keys and addresses any way I want. (External hard dive or print them out)
Are we talking wallets not including offline storage wallets? Id personally recommend offline storage as the only method as it really is the safest way to keep your wallet to yourself. I dont trust leaving mine on my computer or anything like that. But i got mine awhile ago with CryoBit when they were just starting up and its been 3 years annd it still looks brand new
Im looking for a good storage option too. But genuinely asking – wouldnt it be unsafe to get a CryoBit, since youd have to give them your Private key? Couldnt they just have a list of Private keys of everyone thats bought from them?
Hi there, IMO a hardware wallet is defo the way to go!
To date, no hardware wallets have been hacked. I just finished reviewing the top 3 wallets available now. They are:
The most secure way to store your bitcoin is on a hardware wallet.
Hardware wallets are small devices that occasionally connect to the web to enact bitcoin transactions. They are extremely secure, as they are generally offline and therefore not hackable. They can be stolen or lost, however, along with the bitcoins that belong to the stored private keys.
I personally tested and reviewed a dozen hardware wallets. And Ive put together this list to help you find the best bitcoin hardware wallet for you.
Check it out:Bitcoin Hardware Wallets: Best of 2018
A community dedicated to Bitcoin, the currency of the Internet. Bitcoin is a distributed, worldwide, decentralized digital money. Bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. You might be interested in Bitcoin if you like cryptography, distributed peer-to-peer systems, or economics. A large percentage of Bitcoin enthusiasts are libertarians, though people of all political philosophies are welcome.