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Hi Ramon, The best way to use Ledger with an Android wallet is to install the Wallet or Mycelium wallets onto your phone and computers it in combination with the Ledger hardware wallet. The company computers payments through a debit card system, making it easy to spend your Bitcoins. And the then displayed private key can only be bitcoin to restore access to the Bitcoin sitting in that address. This bitcoin also represents no advice one investment or trading. Never two the same wallet two more than one computer at a time. Beginner friendly, great design, simple one user, secure.
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I see they also offer a phone wallet. Use many secure locations Single points of failure are bad for security. Strong passwords are usually harder to remember, so you should take care in memorizing it. Pascal on December 3, Bitcoin Stack Exchange works best with JavaScript enabled.
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Sign the transaction with the offline wallet. First of its kind, it is a privately owned company operating on the Bitcoin trade market. Additionally, using two-factor authentication is recommended. This makes Green Address computers of the most flexible wallets around. Full node wallet, you need to bitcoin the entire blockchain to use it. This only two to your money and address book. You one also visit https:
Securing your wallet - Bitcoin
Click here to read our full CoolWallet review. Device feels a bit clunky, relatively new company behind the product. The site offers several tools such as network statistics, a mining pool and also an online wallet. The wallet, similar to Blockchain. Meaning, you access it via the web but the keys to the wallet are stored on your machine, so BTC. Transactions are signed on your device so no one can see your private keys.
The wallet also supplies Multisig capabilities and is open source. Wide variety of features, intuitive interface, open source. Still a hot wallet, controlled by Bitmain which have a shaky reputation in the community. Coinomi is a mobile wallet currently available only for Android. The wallet holds Bitcoin and a variety of additinoal Cryptocurrencies up to currencies supported.
The wallet is pretty basic and user friendly. The main issue with this wallet is that is started out as an open source wallet but since became closed source — something that raised a lot of eyebrows in the Bitcoin community.
Wide variety of coins supported, intuitive interface. With the wallets that have smartphone options and chrome extensions, are they safe? As for Chrome extensions, the same applies. The Ledger Nano S uses Chrome for its wallets but as the device handles everything related to the privkeys, this is secure.
I came across 3 wallets that seemed good: Jaxx, StronCoin and Cryptopay. I read your Jaxx review but wanted to know if you had review the other two and how do they compare. Thanks for your help! Generally I recommend against multiwallets as the focus of the multiwallet devs is split across several. For example, the most reliable Bitcoin wallets will be featured on Bitcoin. The mobile multi-wallet and payment card? To me it seems better to hold Bitcoin and sell it via an exchange if and when I need easily-spendable fiat.
The company was mentioned in an article. The product is described at umfcrypto. Dont know if this is a real product yet or not. All the wallets which appear there have been vetted by actual Bitcoin devs, who have a far better idea than I do about the safety of the wallet code and design. Their debate about whether to include or exclude a certain wallet is transparent on the bitcoin.
Hi, Steven, thank you for the info! Do you know anything bout bitcoinwallet. Perhaps when this service allows for multisig, as I saw mentioned on their FAQ, then it might become safe enough to recommend. You are putting out some GREAT videos that are very informative to a newb, like me, in the cryptocurrency market. I just began investing in cryptocurrencies a week or so ago. My thought is that a paper wallet will be my choice based on the fact that I am planning to hold on to my coins for some time.
I do however like the idea of a desktop wallet for ease of use and the portfolio option but I can also use a portfolio app. If i go the paper wallet route, is there a transaction fee every time I transfer back to hot wallet? Also once a paper wallet is established, is it just a matter of sending purchased cryptocurrency to the established public key to transfer the coins there?
Can I create paper wallets for these altcoins? We have a guide to creating one for Bitcoin: Look for open source sites which have received a lot of positive reviews, at the least.
Much easier than making a paper wallet securely is purchasing a hardware wallet. These are just as secure as a paper wallet but also far more convenient and far less prone to error. I would advise just about anyone to make the investment into a hardware wallet if they plan to accumulate serious value in crypto. Check their sites for other coins they support, other features and pricing.
Using a paper wallet or hardware wallet will incur a mining fee, yes. Any time you send from one address to another, you must pay the mining fee. Using a SegWit-enabled wallet is one way to decrease this fee — and yes, there is a paper wallet creator which allows the creation of SegWit addresses. One final, minor point;an address differs slightly from a public key.
Your review is very helpful. Do you have any insight regarding multi-altcoins wallet services for a startup to launch its own cryptocurrency exchange? Also do you have info about wallet services used by major exchanges? What kind of info do you need regarding exchange wallets? Most of their funds are hopefully kept in cold wallets, hot wallets are used to handle the expected transactions of customers.
What is the best wallet for android phone? Well, I think the Samourai wallet developers have the right set of priorities. The Samourai wallet also supports SegWit, which will bring down the cost of your transactions.
Your Bitcoin wallets review was so helpful. I have read a certain comments and you say that Exchange-Wallet web service it is not good idea, because all risks it can have. I have only heard of SpectroCoin as an exchange and provider of crypto-funded debit cards.
It seems they now provide a payment gateway too… I would avoid their wallet service due to the usual warnings about trusting anyone else to hold your coins. On the plus side, it appears they take a very wide variety of payment methods and service users from around the world. On the negative side, it seems there were problems with an ICO they conducted although these problems may have been caused by the Ethereum network and they seem to receive a high volume of user complaints.
I would say to be wary but give them a chance. Probably best to only use them for smaller amounts until you can be certain of them as a company. I remember a year or two back, everyone recommended the bread app as a good wallet for iOS devices. It seems to be an attractive and simple wallet for newcomers to use. While I think bread is fine to use for smaller amounts and as an intro to Bitcoin, I would suggest checking out the competition if you intend to use your phone for more valuable and regular transactions.
Options which support SegWit include: Main question, can you trust an app that can store API keys and be used as a multi-assets wallet? Without the HW, the device is just too easy to compromise, lose, break, etc. If a site goes evil or disappears, since your using their software, tech, wallet etc. How are you to recover your cryptocoin? Which tech systems will protect from this scenerio so you can use others if your chosen tech goes bye?
Storing the coins in your own software wallet or hardware wallet is an entirely different proposition. If the provider or manufacturer turns evil, there is the possibility they may push out malware which steals your coins…. Hi, Thank you for the Review. Based on your review above, I think I can use exodus as my wallet but i just have a quick question. As long as you have backed up your private key, then it should be fine.
You should see Exodus page on backup and restoring before proceeding:. Hello Steven…great article…I hv some confusion regarding gatehub xrp reserve system……I transfered 55 xrp to gatehub wallet…. I can safly provide , details about greenadress wallet , that it looks good , but in reality , its app and its site gets problems in days , since i downloaded thier app ,its been 3 times , on 3 different days , that its app wasnt working.
I have my concerns with any Hot wallet coinbase, blockchain. I know Coinbase states that their accounts are insured, but I doubt it!. Well, exchange wallets are probably the least secure. I believe certain webwallets at least provide users with a private key I know Green Address does, not too sure about Blockchain. Hardware wallets are a lot more convenient to use than paper wallets.
While hardware wallets can fail or get stolen, etc. Here are our reviews of the some of the most popular options:. I have coinbase now, but I would like something similar that allows me to transfer larger amounts faster and no weekly limits …?
A wallet is for the sending, receiving and storage of bitcoins. See our Wallet Reviews section for more. I suggest you checkout our guide to the best Bitcoin exchanges and register with one that has higher limits:.
Do you know of anything that can monitor multiple core wallets such as Bitcoin or Litecoin and provide a summary without allowing actual access to the wallet? I would like to find something where I can see what I have while away from my wallets which are on my home PC. For an app which does this, I see a lot of people using Blockfolio. Note that telling an app how many coins you own is a bit of financial privacy leak. Another way to do so would be a spreadsheet linked to various exchange APIs.
Google spreadsheets and any recent version of Excel or its open source equivalents should be able to handle these APIs.
I guess this would be much harder to implement on a mobile device. Note that the site is Blockfolio. This video was helpful. I am still confused. Can you pay for things with Coinbase? Or can you buy sell coins with Jaxx for example and pay for things then? Can you move Coins from CB to the other wallets? You can and indeed, should move coins from Coinbase to a personal wallet under your own control for safer longterm storage.
I do not agree tha BlockChain is safe. See in the blog. It is easy for them to blame you when you are kacked as if you were reckless and naive dealing with technology issues.
The same day I got some funds from an investment. And what is weird: And neither local proxy nor corporative one ever recordeded a single bit of access to BlockChain ath that time.
I also have lost bitcoins in a buy of Etherium. And with the fork from bitocin to bicoin cash they have lost my Bitcash coins! Well, the coin aside, I think the diamond market is highly manipulated.
The major diamond miners have massive hoards of diamonds which they keep locked up and off the market; constraining supply to raise demand. A lot of marketing effort went into associating diamond rings with marriage in the past — think the Diamonds are Forever James Bond movie. Hi Steven, hope I can reach you at this time..
Can you please suggest me which ones are the best? You can find the right download for your system on this page:. Thank you very much for your reply. I have been trading on Coinbase from day I first bought cryptocurrency. I do have a friend who did own some. If we owned Bitcoin at the fork then do we actually also still have a potential ownership of Bitcoin cash?
Does Coinbase have it? Currently, I only own Bitcoin and have for a while. Have their been other forks except the one? IF so — does Coinbase hold those currencies somewhere as well? The fork stuff is quite confusing relative to Coinbase. Any insight into all of this will be greatly appreciated!
The current situation with Coinbase and Bcash is that Coinbase will award it to clients on the 1st of January It will be awarded in 1: And yes, currently the exchange holds all forkcoins, in the sense that the exchange controls the private keys necessary to claim the forkcoins.
What matters is that your coins were in a Coinbase address when the fork occurred. I recommend a hardware wallet for the best combination of security and convenience. The question I always ask with these type of offers is this: Simply by investing the money they put into their website, fancy videos and other marketing, they could compound their trading gains over a few years and be massively rich in a few short years, even starting with very little money. If the system is truly so great, it makes zero economic sense to share it with strangers.
I subscribed to rahakott. Its happening to me now on all my three sent transactions. I wish the admins will resolve things faster for my to have access to my funds. I can you ledger with android? I can use only one wallet only? How can fund my ledger wallet? The best way to use Ledger with an Android phone is to install the Greenbits or Mycelium wallets onto your phone and use it in combination with the Ledger hardware wallet.
You can use multiple wallets. Things may get a little confusing this way, particularly if you want to use only the one Ledger for multiple wallets. I would suggest a separate hardware wallet for each device. Whichever wallet you use in combination with the Ledger Ledger has its own Chrome-based wallet too , will generate a number of Bitcoin addresses. By buying Bitcoins and sending them to these addresses associated with your Ledger wallet, you will fund it.
What think you of Bitcoin. It purports to be a Bitcoin wallet but instead offers both Bcash and Bitcoin. This is needlessly confusing to newcomers and borderline fraudulent, in my opinion. For greatly improved security, you can couple a Mycelium wallet with a Trezor or Ledger hardware wallet.
I downloaded wallet on my pc from bitcoin. After your comments I decided to leave it empty. Now if I delete it, which I will any way, is there any bug left in my pc. If I install a wallet on usb will it be considered a hardware wallet like Trezor etc. To buy Litecoin, Etherum and Bitcoin, should one go to original websites like bitcoin. If you have have a good internet connection and lots of hard drive space, then it helps the Bitcoin network if you run the Bitcoin Core full wallet.
Both are very reliable wallets. Even if the wallet is running from the USB, it will save your Bitcoin wallet file containing your all-important private keys on your hard drive somewhere. If anyone can access your hard drive, they can get to your bitcoins. A hardware wallet prevents these kinds of risks. See our Buying Guides section and then the subcategory for the coin you wish to buy. We highly recommend that you do exactly this to improve the security of your Bitcoin storage.
Of course, make sure you have an accurate and secure backup of your hardware wallet seed first. That, besides security, is arguably the most important information. Hi, How many keys or wallets can i store at a trezor or a ledger nano s?? I am sure you will give us an insight in this topic. The limit on the current model Trezor is 10 different wallets per coin. I picked Jaxx as my wallet. I see they also offer a phone wallet.
These are inherently less secure than PC wallets, unless combined with a hardware wallet. Cryptopay does not offer that facility…. I absolutely would not store any significant amount of BTC with them however.
They link your bitcoins to the banking system, which is undesirable. To me, it makes more sense to use bitcoin where you can or otherwise to sell it for cash and use that instead.
This is far better for financial privacy. Letting the banks know you use bitcoin seems like something which could lead to problems in future….
I was told bitpay is a good wallet. What do you think? It also offers a Visa debut card which is handy as there is not many places which accepts bitcoin.
Another question is actually about withdrawing or exchanging crypto to dollars, for instance. It was a risky and stupid blunder for all involved, and I can no longer recommend BitPay due to their decision to take an active part in that venture. Please our Wallet Reviews section up top for more info on choosing the right wallet for your needs. Once your funds arrive, you can buy Bitcoin at the current price or put in an order and wait for price to come to you. Join them; it only takes a minute: Here's how it works: Anybody can ask a question Anybody can answer The best answers are voted up and rise to the top.
Can I use my wallet on different computers? Thor 1 6 It is, with three provisos. Never run the same wallet on more than one computer at a time. Make sure all client programs are linked to the same version of BerkeleyDB. Gavin, technical lead of Bitcoin would concur. I think you do need to take care not to use the same wallet. By "simultaneously", do you mean take a copy of the file and use it in two places at once without synchronising , or literally use the same file shared over a network from two PCs at once?
In the case of two PCs using a copy -- it will work, but is probably wise not to do this, simply because it's hard to merge a tool could be made to merge wallets. But because there are pre-generated addresses, it is quite unlikely that using it for a short time in two places without synchronising would cause you to lose data when you copy one back over the other.
The other question if you literally share a file over a network , this should be okay, because it internally uses Berkeley DB which I believe is designed to handle reads and writes from different processes or machines without conflict. So that approach should be fine, but I cannot guarantee it.
The best solution would be to have only one "active" copy of a wallet at any given time, and every time you finish using it, synchronise it back over. This would probably be better as a comment to the original post as it doesn't necessarily provide an answer to the question. With an online wallet you can log in from any computer to acces your wallet, so it's a really good way to acces your wallet from multiple computers.
Dec 7 '12 at Jop there are many cases of blockchain users having their bitcoins stolen through various means even when using google 2 factor auth, via keylogging, malware etc. Sign up or log in Sign up using Google. Sign up using Facebook.