Here is his off-line BIP39 and most other important ones besides key generation tool:. Submissions wallet are mostly about some other cryptocurrency belong elsewhere. So what's the bitcoin If you have a reddit powerful computer that is almost always android, you can help the network by running Bitcoin Core. Or for making big, for easy, transactions:
After trying both - I think that Tezor is the best. Submit link NOT about price. I've had wonderful experiences with everything they do. What wallet provides private keys? They released a new version called "Bitpay" just like the company. Could worth a try. For example, submissions like "Buying BTC" or "Selling my computer for bitcoins" do not belong here.
Bitcoin is it a bigger for, like the government suspending everyone's online access to our accounts? From the link you replied to: This link should answer your android basic questions: Been fine with wallet so far. You reddit sign a transaction using an offline machine.
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Bitcoin submitted 3 months ago by Jasonwja. Want to add to the discussion? What wallet is most secure? What wallet is easy to use? What wallet provides private keys? Downloaded the app but looks very confusing. Everything looks confusing for the first time. It seems legit, but who knows any more. As far as I know only Green Address and Samurai do.
Been fine with it so far. If you have ideas for the remaining BTC, see here for more info. Which are your recommended Bitcoin wallets in self. As things have progressed very much in the last years, I know that some wallets have fallen out of the spotlight eg Multibit with their "developer fee" when making transactions.
I'm curious to know which wallet people advise for each use-case and security level. Are there any wallets that people should completely avoid using?
Well, there's a selection of them, and I'd recommend googling on it and finding out what would suit you the most. Here's a list of great hardware wallets! Another benefit of a hardware wallet is that you can use it to generate as many cold storages as you want, safely, and more importantly, that cold storage is HD, not just a single address.
Some of my friends borrowed my trezor to generate cold storages for their long-term hodling. But what if the hardware wallet malfunctions. I've had cheap External HDs and Flashdrives that wiped all my information on them just by dropping them, If that were to happen to my Wallet, do I just lose everything or is there another way to access the wallet?
These days everyone has their own personal favorite bitcoin wallets. I've listed the ones that I use below. You can get a good overview of the main bitcoin wallets and understand the safety of each type. Hot online wallets - for small amounts used during everyday transactions: Never keep more than you can afford to loose in an online wallet. Hot desktop wallets - for broadcasting cold storage transactions Armory , or simple usage: Electrum the all-round best option in , Copay , or Exodus are excellent desktop wallets with an active development team.
Warm hardware wallet - for keeping operational funds secure. Or for making big, yet easy, transactions: Cold paper wallet - for long term offline extra safe keeping: Note that using a paper wallet as a beginner is not recommended. As the reply below suggests, beginners wanting to create a paper wallet are better off simply writing down a desktop wallet recovery phrase. Private keys can potentially be exposed and compromised. Private keys are used for signing transactions offline.
True cold storage implementations are the safest types of bitcoin wallets. Bitcoin experts like Andreas M. Antonopoulos use the term " warm wallet " to describe hardware storage. Such devices keep your private keys offline, but must connect via USB to make transactions. A warm wallet offers a good compromise between safety and convenience. Don't use paper wallets, there are a number of downsides to them and they encourage unsafe practices.
If people want to use a live OS they can do that for both methods. One method sometimes overlooked is multisig wallets. You have a 2of2 wallet with one set of keys on your desktop and the other set on your smartphone, then malware or hackers need to infect both which is much harder.
Not a bad method. Sounds like a big improvement to non-multisig. Yep, this will be a really popular bitcoin wallet system! It would be like a kind of "self-2FA" - safe yet empowering users.
I strongly disagree with bitaddress. Hardware wallets are not "warm" wallets. They are just hardware wallets and paper wallets are not hardware wallets. So what's the problem? With hardware wallets, you private key material never leaves the hardware wallet. In order to spend from a paper wallet, you have to transfer your private key material to an internet connected device which often is some PC with viruses and wallet stealers.
As I understand it, most people plug their hardware wallets directly into their online Windows machine and simply trust that whatever version of the hardware wallet firmware they're running doesn't have a bug that allows an attacker to steal their coins. Plugging a hardware wallet into a potentially infected online machine doesn't seem very safe to me, yet it's often recommended as being "safe". In order to spend from a paper wallet, you have to transfer your private key material to an internet connected device.
How do you carry your transactions through the air-gap? How much of a percentage of bitcoin users actually does what you do? I know it can be done but hardware wallets are meant to make things easier without compromising on security. I am pretty sure you can make a USB device act as only a signing device but I have no idea how to audit these devices to actually only contain hardware and software as described by the vendor.
Paper wallets on the other hand are easier to understand but also harder to secure against thieves. You were saying that using a paper wallet requires you to expose your private key on an online machine.
Neither is it for hardware wallets. The reality in the field though is that hardware wallets are much harder to handle in a generally dangerous way than paper wallets. The hot desktop wallets can be also much colder. It depends how one uses it on which HW. I think desktop or mobile wallets can be safer than HW wallets.
At least when someone sees a computer he does not know there are bitcoins inside. Wallets like Electrum can be much safer Well, GreenAddress is kind of in a different category from blockchain.
Ok, this is really useful information. I've been reading that desktop wallets are safe so long as you use a trusted app. But you make a point that the PC also needs to be "trusted" and virus-free. Wherever you were reading that, it's not true. Internet connected pc is a hot wallet.
Your private keys are stored on an internet connected device, which is risk. There are dozens of ways your wallet can be emptied, even when using a trusted software wallet. To add on, I have liked using a raspberry pi with electrum. Easy to find instructions, a clean stand alone computer you control, and bonus ability to take the microsd card out and store it somewhere else. Also, an old laptop with a clean install of ubuntu or your preferred linux flavor can be even better as you can encrypt the hard drive during install.
I've looked up Electrum and many reviews place it as the best desktop wallet for bitcoin. It looks quite simple to use kinda similar to the user friendly interface of Multibit. You would have to install an additional Electrum server in order to do that.
Since ElectrumX exists it's not that big of a deal. Any amount that you really don't want to lose you should store on a hardware wallet. Thanks for the advice, I'm seriously considering using a hardware wallet as my main storage system.
Which hardware wallet is best for easily making fast transactions, like you would on a mobile equivalent? I'm really pleased with my trezor. Never used a Ledger so can't compare, but trezor is very easy to operate and transact with.
The user has appropriate control over miner fees. It handled segwit and the bcash fork smoothly. Also support was great the one time I contacted the manufacturer. While I personally don't own the Trezor and have yet to received my ledger I'd recommend the ledger as it supports far more coins than just bitcoin if you do plan on going into altcoins in the future.
For hardware wallets you still have to pick a wallet as those devices only do the signing. They come with chrome plugin or desktop app but ledger, keepkey and trezor are also supported by Mycelium for Android. Slush's pool is a great Bitcoin mining pool. Trezor is made by them. I've had wonderful experiences with everything they do. Trezor is around the longest and as a first hw wallet received a lot of security attention. I have no experience with ledger, keepkey software seems much worse and they don't even support additional passphrase in their chrome app.
Trezor interface is pretty handy but as some other comment stated Mycelium supports trezor and is a great wallet to keep small coffee amounts on the phone apart from that. They do support an additional passphrase. But you have to ask them for the instructions. I didn't say it's not possible. You can use python scripts to set it up. I just said their chrome app doesn't support it.
I can't say much about ledger. It's a beautiful piece of hardware. Well designed with an engineer feel to it. You can use it safely with any android phone with, for example, Mycelium wallet app, and make transactions wherever you are. On the software side, Trezor is outstanding as well. They provided bitcoin cash splitting tool very fast. They were first to implement segwit address support. Plus, any potential bugs reported by the community are fixed quickly.
I couldn't be happier with this device. Trezor is the way to go before the s2x chain split. I'm sure they will be first to enable splitting of the fork coin, so you can sell it before the mass dumping begins. Whichever hardware wallet you get, make sure that it has a screen. Wallets with screens can be used safely even on compromised computers. I understand that you feel that way, but I would recommend seeing it as a form of extra insurance. It's not that easy to find a good "traditional wallet" for less than that.
And it's just a piece of leather and some stitches. Hardware wallet includes constant support and implementation of new software features.
But if you have over a - it's not expensive at all. It might seem like a lot but you are paying for development of the wallet hardware, firmware, and sofrware, not to mention support. If you want it to actually do something, its gonna cost you. Otherwise, you can try to make your own ;. OK, if you only handle small amounts of BTC then just pick any phone wallet, and you're good.
But for a significant amount of BTC, you are responsible for your own demise if you're not using a HW wallet.
Suggesting that people should use very expensive wallets instead of cheap and open wallets goes against the philosophy of bitcoin. Keeping your money secure has always been the responsibility of the individual.
In the past, you would actually pay banks to keep your money safe. Getting paid to put money in a bank is a very modern distortion - Banks provide security AND you are being paid for it.
With bitcoin, you are taking away the power of the central banks, but it comes at a price - The responsibility to secure it is on you, and you only. Wanna go security nuts? Point is, the choice is yours, and you can do whatever you want once you understand the risks. I think I remember using it in but now in , none of the guides have it as a bitcoin wallet recommendation. Full nodes core are the only wallet that allows you to fully validate all the rules and have the best privacy.
Most people prefer hardware wallets these days as they use OSX or windows OS and it is difficult to secure. Once full nodes are made compatible with hardware wallets this will be the most secure wallet. If you can afford to download GB of the blockchain then bitcoin core is the best software for storing bitcoins. Consider armory - basically a wallet using bitcoin-core as its network layer, with advanced features, and using Qt as its graphical interface too ;-.
Yes, for general purpose usage I'd recommend a hardware wallet. For my taste, it has to have a display though, so trezor or ledger nano it would be. For more advanced usage I recommend armory. It comes at some price with keeping the full blockchain and getting comfortable with all the options, so I would only recommend it for serious business ;-. How convenient is fragmented backups and multisig in your experience? I'm assuming you use this for long-term storage.
All of armory I forgot offline wallet in the first post is just copying strings of letters or files, the GUI is doing a good job to tell you what to do where and keeping your funds safe from mistakes. Besides the advanced everyday privacy-enhancing features which make sense for every transaction.
Can someone explain to me why this one isn't way higher up? Is it because running a full node takes too much space? I've been using the Bitcoin Core wallet since and haven't been happier. Is bitcoincore able to create a mnemonic phrase so I can recover my btc in case something happens to my device?
I understand the appeal, I just don't find it necessary for me. I have a few backups of my wallet. Just want to put it out there for people who want to create secure cold-paper wallets. This utility by a guy named Ian Coleman. Here is his off-line BIP39 and most other important ones besides key generation tool:. Thanks, I have heard of it but it was not around back 3 years ago. Why do you like Breadwallet more than other alternative mobile wallets?
Do you use any more wallets - say desktop or hardware? I'm curious what advantages each type has. I've been using it since The private keys access to bitcoin is stored in your phone's hardware encryption, so no other hackers or apps can access it. I remember seeing a blip about not using breadwallet in fear of the upcoming split or something - is there any validity to this? They handled the last hard fork quite well and let you cash out all of your Bcash shortly after the fork.
I assume it will be similar when the next fork comes. If not they're using BIP39 seeds so can just import your seed into Electrum and cash it out that way.
Thanks, I've never heard of Samurai wallet. What type of storage is this and is it trustworthy? Why do you like it over the alternatives? Mobile wallet, yes, and they were one of the first if not the first wallet to add segwit support, so they get my vote. Plus they have some privacy features. We've added Segwit support to our Sentinel watch-only app. Segwit support to Samourai Wallet itself is being tested I'm using it right now and will be ready for release soon.
Thank you for the support. Don't forget about digital bitbox - https: Can someone explain what is better about a hardware wallet as opposed to breadwallet for iphone? I have a relatively small amount but definitely not one im comfortable losing.
Seems relatively secure, i'd probably have significantly more chance of losing a trezor to be honest It's still unlikely, but not impossible. Hardware wallets store your private keys away from the internet and have their own CPU to sign and export transactions. I don't really have enough btc yet to justify buying Trezor. What do you guys think about storing on flash drive? Don't store on a flash drive. Flash drives break easily. Ledger is cheaper than Trezor.
It's worth to buy a hardware wallet if you have significant value invested in cryptos. I have one flashdrive for several years used daily and nothing went wrong with it. If I bought new one stored my BTC on it and put it in my drawer what could possibly go wrong?
Can someone please recommend a safe Android wallet with the following: I want to control my own private key. - QR code scanner. - Multi asset. I'm a casual bitcoin user, recently got an android phone. Which wallet app should i get? Which wallet apps should i avoid? Thanks!. 25 Sep You can use it safely with any android phone with, for example, Mycelium wallet app, and make transactions wherever you are. On the software side, Trezor is outstanding as well. They provided bitcoin cash splitting tool very fast. They were first to implement segwit address support. Tremendous. Plus, any.