Digital Wallets

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dbm300
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Digital Wallets

Postby dbm300 » Thu Jun 08, 2017

Best or recommended digital wallet for new user

Looking at Exodus and Jaxx so far. I am leaning toward Exodus. Any other suggestions?

Also if you have a coinbase account how do you get the bitcoins or whatever over to the wallet? Coinbase "send & receive " tab says to enter an email or bitcoin address. So does the wallet give you a bitcoin address? I am sure this is a really dumb question but it isn't obvious if you haven't done it
Last edited by dbm300 on Thu Jun 08, 2017, edited 1 time in total.
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Marchas45
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Re: Digital Wallets

Postby Marchas45 » Thu Jun 08, 2017

I have the Trezor which is easy to use and I love it. I'm also an old fart which makes it a plus.
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silverpv
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Re: Digital Wallets

Postby silverpv » Thu Jun 08, 2017

I like the jaxx wallet for digital wallets. For a hardware wallet you can put the private key on usb and/or print out paper wallet.

To send hit send, type in the address or scan the qr code. When you open up the jaxx wallet you can copy your address to clipboard or download to your computer. It's good for general purpose.

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Re: Digital Wallets

Postby Bucketeer » Thu Jun 08, 2017

I like Jaxx, I think it is solid. I've "lost" my wallet before, and my backup phrase restored it (tell you what - I was really worried - I had a serious amount of money in there).

Use a hardware wallet if you have serious money in this sandbox.

WRITE DOWN THE BACKUP PHRASE AND YOUR PIN FOR ANY WALLET. Make 2 copies, keep them in separate places.

Paper wallets are also good. Never email your address.

Do that and you'll be OK.
Last edited by Bucketeer on Thu Jun 08, 2017, edited 6 times in total.
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Long John
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Re: Digital Wallets

Postby Long John » Thu Jun 08, 2017

I use Exodus and I like it, though I wish it had more different currencies. It does have the three big ones (Bitcoin, Litecoin, Ethereum) and a few more. I presume over time it will add others. It uses ShapeShift, which allows you to convert say Bitcoin into Ethereum right there within Exodus... no need to send to an exchange, make the deal,and send it back to the wallet. But the choices are limited, as I said.

Jaxx supposedly has higher fees, though I have not researched it myself. I can say Exodus network fees are quite low compared to Coinbase.

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Bucketeer
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Re: Digital Wallets

Postby Bucketeer » Thu Jun 08, 2017

You can set any fee that you want on Jaxx. I always set it low, and although I don't do many transactions, they always go thru. It might take a couple of hours, but the receiver of the money get's notification within minutes.

Bitcoin isn't Mastercard - just give it time.
Last edited by Bucketeer on Thu Jun 08, 2017, edited 4 times in total.
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silverpv
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Re: Digital Wallets

Postby silverpv » Thu Jun 08, 2017

Bucketeer wrote:You can set any fee that you want on Jaxx. I always set it low, and although I don't do many transactions, they always go thru.


I've had some fail for setting gas too low, but not on jaxx. Most of the time, i use ethereum wallet/jaxx. Ethereum wallet is bulky, Parity is a good wallet for your computer. Desktop wallets are a little safer if it is a Mac vs Windows box.

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gramcracker
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Re: Digital Wallets

Postby gramcracker » Fri Jun 16, 2017

Wallet question:
I am using Exodus and I will soon have a Ledger (been shipped). I purchased some BAT @.19 but I'm not sure where to keep it. The BAT site says: "Brave will use the standard Ethereum multi-signature wallet to store ETH." however Exodus customer support says I cannot store it in my eth wallet and should try myethwallet, which appears to be a paper wallet? It does not seem that the Ledger nano S will accept it either.

I am trying to keep this simple (few wallets) since I get confused enough plus I want my wife to be able to access and she has very little interest in all this techy stuff. I am planning on acquiring several more alts but need to resolve the secure (and hopefully simple) storage issue first.

Ideally, I'd like to have one trading hot wallet and one cold storage wallet. Any guidance from you Pro's would be really appreciated. Thanks
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SilverDoge
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Re: Digital Wallets

Postby SilverDoge » Sat Jun 17, 2017

gramcracker wrote:Wallet question:
I am using Exodus and I will soon have a Ledger (been shipped). I purchased some BAT @.19 but I'm not sure where to keep it. The BAT site says: "Brave will use the standard Ethereum multi-signature wallet to store ETH." however Exodus customer support says I cannot store it in my eth wallet and should try myethwallet, which appears to be a paper wallet? It does not seem that the Ledger nano S will accept it either.

I am trying to keep this simple (few wallets) since I get confused enough plus I want my wife to be able to access and she has very little interest in all this techy stuff. I am planning on acquiring several more alts but need to resolve the secure (and hopefully simple) storage issue first.

Ideally, I'd like to have one trading hot wallet and one cold storage wallet. Any guidance from you Pro's would be really appreciated. Thanks

Myetherwallet is able to hold BAT and link to your nano ledger s. I've not done this yet but my understanding is that it is possible. So until the cold storage wallets add more coins, one either needs to accept some risk, or only store in the limited coins currently available.

The demand is there for a cold storage wallet that has 100 coins or more to store, but it just isnt available yet. I think Jaxx is in the process of creating this though.
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gramcracker
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Re: Digital Wallets

Postby gramcracker » Sat Jun 17, 2017

Thank you Sir for the help. I will figure out myetherwallet. I do wonder how many crypto holders are confident that heirs or someone they wish, could access their holdings "just in case". I have "misplaced" enough PM to be a little painful :sick: and now am more careful and confident they can be located. Cryptos are more challenging in this regard, at least for me. While my wife is onboard with the investment, she has little interest in the mechanics of how it works, so for me this is a consideration in how I structure my holdings. I mention this as "food for thought" as it can be easy to get caught up in the action of a fast moving market and neglect this detail which may be important to others as well. Just my 2 cents.
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SilverDoge
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Re: Digital Wallets

Postby SilverDoge » Sat Jun 17, 2017

gramcracker wrote:Thank you Sir for the help. I will figure out myetherwallet. I do wonder how many crypto holders are confident that heirs or someone they wish, could access their holdings "just in case". I have "misplaced" enough PM to be a little painful :sick: and now am more careful and confident they can be located. Cryptos are more challenging in this regard, at least for me. While my wife is onboard with the investment, she has little interest in the mechanics of how it works, so for me this is a consideration in how I structure my holdings. I mention this as "food for thought" as it can be easy to get caught up in the action of a fast moving market and neglect this detail which may be important to others as well. Just my 2 cents.


You make a very good point here. In fact the co-founder of HYP died with his wallet address known to some, and his old coin will likely stay there indefinitely now.
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gramcracker
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Re: Digital Wallets

Postby gramcracker » Sat Jun 17, 2017

You make a very good point here. In fact the co-founder of HYP died with his wallet address known to some, and his old coin will likely stay there indefinitely now.


Yeah, and access keys are the simple part. I just did the second training exercise with my wife (she's smart but great patience required!) pulling funds off coinbase into a wallet. To cash out she will need to reverse the process. I am not sure she could really do it from scratch yet. This means finding files with wallet locations, all the logins and passwords, doing transfers etc. While I periodically print hard copies, it is tough to keep current. I'm really not a cautious guy by nature but I have decided that my portfolio strategy will be limited somewhat by this access issue. Wishing you all big profits. :D
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texmex66
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Re: Digital Wallets

Postby texmex66 » Sun Jan 07, 2018


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Long John
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Re: Digital Wallets

Postby Long John » Mon Jan 08, 2018

Saving a few dollars to buy a stranger's used hardware wallet makes no sense. Was there something the victim could have done, before he put in his crypto, to ensure the previous owner could not use his secret key to access it?

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SilverDoge
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Re: Digital Wallets

Postby SilverDoge » Mon Jan 08, 2018

Long John wrote:Saving a few dollars to buy a stranger's used hardware wallet makes no sense. Was there something the victim could have done, before he put in his crypto, to ensure the previous owner could not use his secret key to access it?


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