Suggesting that people should use very expensive wallets instead of good and open wallets goes android the philosophy of bitcoin. Do hardware wallets work with Wallet Once you buy android on Stamp, send the coins to your hardware wallet. Hot wallets are Bitcoin wallets that run on internet connected devices like a computer, mobile phone, or tablet. This means you can quickly bitcoin up bitcoin single Bitcoin wallet with multiple people good devices as wallet. You should now see a screen like this:. Currently, only one central server monitors and manages all the transactions.
Be careful when backing up your words, though, as anyone with these words has access to all your money. Though your coins are relatively safe from theft, transactions are vulnerable to DDoS attacks and other server-related issues that may arise, leaving you with coins that can't be spent due to server downtime. It should look something like this:. Yes, for general purpose usage I'd recommend a hardware wallet. It is incredibly simple to use, lets you store your bitcoins, manage multiple accounts and create backups. The first and most important tip I can give you: Trezor is the way to go before the s2x chain split.
This subreddit is not about android financial bitcoin. OK, if you only handle small amounts wallet BTC then android pick any bitcoin wallet, and you're good. With the Mycelium Bitcoin Wallet you can send and receive Bitcoins using your mobile phone. We suggest using the wallets listed or doing good before buying wallet downloading any wallet. I currently use Mycelium but that project seems nearly abandoned lately…. Control good own private keys.
The wallet was launched in and has been trusted by hundreds of thousands of Bitcoin users since then. This makes it easy for you to remember your keys, but it also means that anyone with these 12 words can access your Bitcoins. Mycelium allows you to have separate accounts in your Bitcoin wallet. For example, you can have one account for savings and one for checking. Mycelium is quite secure.
It allows your data to be routed through the Tor Network. It is also compatible with physical wallets like Ledger or Trezor. These hardware wallets look like USB sticks with a small display that you use to verify your transactions. Electrum is a relatively less-popular software wallet that lets you easily set up a great level of security.
It is a lightweight Android app that allows you, similar to Mycelium, to generate multiple wallets from one seed. Electrum uses a variety of servers to let you have easy, safe transactions. Its simple installation process gives you a word phrase as well in order to recover your Bitcoins. This you can also use in case your computer fails or some other problem arises.
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? Nicholas Perry January 19, My transaction has been stuck for 3 months!!! Tried to bump the fee, cancel transaction, ect. Basically none of the features worked!
Don't use this wallet I wish I didn't. Tristan Macdonald January 11, This app is fantastic, I have been using it to keep an eye on my Trezor storage and receive cold storage payments as well as a small hot wallet. I upgraded my Trezors to adopt segwit and then find out Mycelium doesn't support this necessary function. C'mon guys, surely it's not that hard to implement. For those with the same problem, 'sentinal' by Samarai wallet is a useable alternative.
Have dropped to 2 stars. In the crypto community you need to move quick. Simply saying segwit will appear soon is a weak vision. This is a requirement for the bitcoin network now and it will reduce fees for everyone. Isn't that a good thing? When will segwit be supported? Unusable until segwit support. Other negative feedback will turn positive as soon as its implemented.
This is now a basic necessity for cheap transactions - you say this is a priority and that it "will be added soon" but that was freaking 6 months ago. In the crypto space you either play the game and play it quickly - or you lose and fail. Mycelium Developers December 9, Josiah Grosshans January 10, Im having issues with my btc wallet, I sent btc and it didn't send me the change back.
Will change review stars when I get support. Coins are stuck in my wallet, doesn't sync to the network and fees have gone up massive. How do I get my money out of the wallet or let it sync?? Jeffrey Creem January 13, Was Best option for smartphone wallet. Starting to lag in that regard.
Trezor integration not really useful. Mycelium Developers February 4, Xrc1 G January 10, Transaction stuck in limbo for weeks now. Contacted support and received no help at all. Thomas Lafarge January 12, Very good Bitcoin wallet. It only needs to add segwit support. Also I would rather pay for a pro version than suffer that Altcoin pushing Mycelium Developers September 9, T Styles January 6, This app saved my bitcoin another wallet had lost thank god i found this app to recover my bitcoin Full Review.
Imri Paran January 16, A very good wallet with many features but lack of segwit is a real pain. Will improve rating once segwit is implemented. Ryan Mannix January 31, Everything ime I make a transaction its either unable to broadcast or out of sync Full Review. Lost money cause they took to long to put it on my book and didn't do nothing about just a lost Full Review.
best bitcoin wallet. A Bitcoin wallet is the first step to using Bitcoin. Why? Without a wallet, you can't receive, store, or spend bitcoins. You can think of a wallet as your personal interface to the Bitcoin network . Since Bitcoin wallets were originally banned by Apple, developers spent much of their time developing for Android. 12 Oct The real #1 – MyCelium Android Bitcoin wallet. MyCelium is a popular mobile app wallet that features a wealth of advanced privacy and security features. Yes, the wallet can be a bit complicated for newbie users but it's still one of the safest and fastest on the market. As an open source software program. With the Mycelium Bitcoin Wallet you can send and receive Bitcoins using your mobile phone. The unparalleled cold storage functionality allows you to % secure your funds until you are ready to spend them, works for your paper wallets , private keys, master seeds: wearebeachhouse.com see also our promotional.