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I was looking for a way to save on transaction (Tx) fees during peak network congestions and came across this great resource that provides insights on how to save on tx fee simply based on the type of bitcoin wallet I am using, apparently, a well-optimized bitcoin wallet pays less Tx fees.

I was looking for a way to save on transaction (Tx) fees during peak network congestions and came across this great resource that provides insights on how to save on tx fee simply based on the type of bitcoin wallet I am using, apparently, a well-optimized bitcoin wallet pays less Tx fees. submitted by primalfabric to Bitcoin [link] [comments]

QUESTION: What type of bitcoin wallets are safer? desktop or phone apps?

safer in regard to having a virus or something (key logger) and getting your password/pin etc...
submitted by cryptohoney to Bitcoin [link] [comments]

Different Types of Bitcoin Wallets — Which Should You Use?

Different Types of Bitcoin Wallets — Which Should You Use? submitted by techlikeme to u/techlikeme [link] [comments]

@coinschedule : What are the types of #Bitcoin wallet? https://t.co/rHAPcERU6L Follow and Retweet #Blockchain #crypto #cryptocurrency #tokensale #BountyCampaign #BTC #BCH #LTC #ETH #GNT #EOS #BAT #DASH #XRP #ETC #OMG https://t.co/kedHP3o51V

@coinschedule : What are the types of #Bitcoin wallet? https://t.co/rHAPcERU6L Follow and Retweet #Blockchain #crypto #cryptocurrency #tokensale #BountyCampaign #BTC #BCH #LTC #ETH #GNT #EOS #BAT #DASH #XRP #ETC #OMG https://t.co/kedHP3o51V submitted by coinschedule to CoinSchedule [link] [comments]

New Feature: Two types of bitcoin wallets - Normal Wallet and Cold Storage Wallet

TL:DR The Cold Storage Wallet has two keys and not one, any transfer out of this special wallet can be reversed within 24hrs with the second key.
This concept of two types of wallets is not my idea. I just learned of this concept from here: http://hackingdistributed.com/2016/08/03/how-bitfinex-heist-could-have-been-avoided/ I have quoted the meat of the concept from that link: "Suppose I designate some of my funds as being in a specially-marked cold storage account, or, let's call them vaults. To pay for things, I need to move them out of my vault to a regular wallet, a process which takes, say, a day. Merchants never accept payments directly from vaults; they use regular Bitcoin addresses, and payments work in the regular, irreversible fashion. But the special thing about vaults is that they come with two keys. One key is used to unlock the vault and move your funds to a regular wallet. The other one, called a recovery key, is used when you notice that your funds were hacked and moved out of the vault by a hacker. You can then use your recovery key to undo the hack -- you have 24 hours to notice and launch the recovery and get back all the funds.
Notice that you cannot fool a merchant with this trick and revert a real transaction. All you can do is take back your own money from someone who is trying to steal it."
I like this security method a lot and I think many others will as well. If this new bitcoin fork of ours were to have this feature, it would be a HUGE incentive to use this new bitcoin fork over the old bitcoin. Which bitcoin blockchain would you want to store/hold your bitcoins on?
NOTE: I know we don't want this project to get side-tracked with new "must have" features that differentiate this Bitcoin fork from the old Bitcoin. So ideally there is a repository of ideas/features to manage that.
submitted by Cyberider007 to btcfork [link] [comments]

@coinschedule : What are the types of #Bitcoin wallet? https://t.co/rHAPcERU6L Follow and Retweet #Blockchain #crypto #cryptocurrency #tokensale #BountyCampaign #BTC #BCH #LTC #ETH #GNT #EOS #BAT #DASH #XRP #ETC #OMG https://t.co/waWvW1lACz

@coinschedule : What are the types of #Bitcoin wallet? https://t.co/rHAPcERU6L Follow and Retweet #Blockchain #crypto #cryptocurrency #tokensale #BountyCampaign #BTC #BCH #LTC #ETH #GNT #EOS #BAT #DASH #XRP #ETC #OMG https://t.co/waWvW1lACz submitted by coinschedule to CoinSchedule [link] [comments]

How to get Bitcoins in 2018 | Different types of Bitcoin wallets

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@coinschedule : What are the types of Bitcoin wallet? - https://t.co/F3Xie9ptyW https://t.co/CoUZLuDfKF

@coinschedule : What are the types of Bitcoin wallet? - https://t.co/F3Xie9ptyW https://t.co/CoUZLuDfKF submitted by coinschedule to CoinSchedule [link] [comments]

what is Bitcoin wallet and types of bitcoin wallet

what is Bitcoin wallet and types of bitcoin wallet submitted by Shuvam80511 to u/Shuvam80511 [link] [comments]

Types of Bitcoin Wallets

Types of Bitcoin Wallets submitted by Koinlocker_Crypto to Bitcoin_News [link] [comments]

What types of bitcoin wallets are for select scenarios that are included in the following. /r/Bitcoin

What types of bitcoin wallets are for select scenarios that are included in the following. /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

What types of Bitcoin wallets are available and which should I choose?

What types of Bitcoin wallets are available and which should I choose? submitted by Xexr to xexr [link] [comments]

What Types Of Bitcoin Wallets Are Available To Use?

What Types Of Bitcoin Wallets Are Available To Use? submitted by rickbanklaw2 to Filmmakers [link] [comments]

Types of Bitcoin Wallets – Choosing the Best Hardware Wallets, Paper Wallets, Desktop Wallets, Online Wallets

Types of Bitcoin Wallets – Choosing the Best Hardware Wallets, Paper Wallets, Desktop Wallets, Online Wallets submitted by Boystar4 to BitcoinBlog01 [link] [comments]

Poll: What type of Bitcoin wallet do you prefer in view of the threat of regulation and ongoing security issues?

Poll: What type of Bitcoin wallet do you prefer in view of the threat of regulation and ongoing security issues? submitted by apc01 to Bitcoin [link] [comments]

BitcoinAll comment: Well for Information Purposes there are 4 types of Bitcoin Wallets. *Independent *3rd Party *MultiUser *Paper or Physical From your situation I would advise investing int. Join the conversation!

BitcoinAll comment: Well for Information Purposes there are 4 types of Bitcoin Wallets. *Independent *3rd Party *MultiUser *Paper or Physical From your situation I would advise investing int. Join the conversation! submitted by BitcoinAllBot to BitcoinAll [link] [comments]

The best & different types of Bitcoin wallets

The best & different types of Bitcoin wallets submitted by johandr to Bitcoin [link] [comments]

How To Buy Bitcoin: Best Practices, Where To Buy, Tips

Before we explore how to buy bitcoin, it’s crucial to know where to store them securely. You need a wallet to store bitcoin. There are various forms of bitcoin wallets with different security features and access options. We will discuss each type of bitcoin wallets and which is the right option for you.
submitted by hannaflores108 to u/hannaflores108 [link] [comments]

How to Store Your Bitcoin

Before holding any bitcoin, you need somewhere to store it. Just like in the physical world, you store your bitcoin in a wallet.
Similar to a bank account number, your wallet comes with a wallet address that shows up in a ledger search and is shared with others so you can make transactions. This address, which is a shorter, more usable version of your public key, consists of between 26 and 35 random alphanumeric characters, something like 1A1zP1eP5QGefi2DMPTfTL5SLmv7DivfNa. Keep in mind that every letter and number in that address is important. Before sending any bitcoin to your wallet, double-check the entire address, character by character.
Also tied to your wallet address is one or more private keys, which as the name suggests should not be shared with anyone. Keys are used to verify you own the aforementioned public key, and to sign off on transactions. Some wallets create a secure seed phrase, a set of words that will allow you to unlock your wallet if you lose your keys. Print this phrase out and keep it in a safe place.
The unfortunate truth is your bitcoin wallet is akin to your physical wallet. If you lose the private keys to your wallet, you’re most likely going to lose the currency in it forever.
Your wallet generates a master file where your public and private keys are stored. This file should be backed up in case the original file is lost or damaged. Otherwise, you risk losing access to your funds.
You can store your private keys on your computer, mobile device, on a physical storage gadget or even on a piece of paper. It’s crucial that you keep your private keys safe by generating backups both online and offline.
Remember: Your wallet does not reside on any single device. The wallet itself resides on the Bitcoin blockchain, just as your banking app doesn’t truly “hold” the cash in your checking account.
While wallet apps work well and are relatively safe, the safest option is a hardware wallet you keep offline, in a secure place. The most popular hardware wallets use special layers of security to ensure your keys are not stolen and your bitcoin is safe. But, once again, if you lose the hardware wallet your bitcoins are gone unless you have kept reliable backups of the keys.
The least-secure option is an online wallet, i.e. storing your bitcoin in an exchange. This is because the keys are held by a third party. For many, the online exchange wallets are the easiest to set up and use, presenting an all-too-familiar choice: convenience versus safety.
Many serious bitcoin investors use a hybrid approach: They hold a core, long-term amount of bitcoin offline in so-called “cold storage,” while keeping a spending balance in a mobile account.
Depending on your bitcoin strategy and willingness to get technical, here are the different types of bitcoin wallets available. Bitcoin.org has a helper that will show you which wallet to choose.
Cloud wallets exist online and the keys are usually stored in a distant server run by a third party. Cloud-based wallets tend to have a more user-friendly interface but you will be trusting a third party with your private keys, which makes your funds more susceptible to theft. Some examples of this wallet type are Coinbase, Blockchain and Lumi Wallet. Most cryptocurrencies, including bitcoin, have their own native wallets. Some offer additional security features such as offline storage (Coinbase and Xapo).
With your private keys stored on a server, you have to trust the host’s security measures and also trust the host won’t disappear with your money or close down and deny you access.
Software wallets can be installed directly on your computer, giving you private control of your keys. Most have relatively easy configuration and are free. The disadvantage is you are in charge of securing your keys. Software wallets also require greater security precautions. If your computer is hacked or stolen, the thief can get a copy of your wallet and your bitcoin.
While you can download the original software Bitcoin Core protocol (which stores a ledger of all transactions since 2009 and takes up a lot of space), most wallets in use today are “light” wallets, or SPV (Simplified Payment Verification) wallets, which do not download the entire ledger but sync to it.
Electrum is a well-known SPV desktop bitcoin wallet that also offers “cold storage” (a totally offline option for additional security). Exodus can track multiple assets with a sophisticated user interface. Some (such as Jaxx Liberty) can hold a wide range of digital assets, and some (such as Copay) offer the possibility of shared accounts.
Before downloading any app, please confirm you are downloading a legitimate copy of a real wallet. Some shady programmers create clones of various crypto websites and offer downloads for free, leading to the possibility of a hack.
Mobile wallets are available as apps for your smartphone, especially useful if you want to pay for something in bitcoin in a shop or if you want to buy, sell or send while on the move. All of the online wallets and most of the desktop ones mentioned above have mobile versions, while others – such as Abra, Edge and Bread – were created with mobile in mind. Remember, many online wallets will store your keys on the phone itself, leading to the possibility of losing your bitcoin if you lose your phone. Always keep a backup of your keys on a different device and print out your seed phrase.
Hardware wallets are small devices that connect to the web only to enact bitcoin transactions. They are more secure because 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, so it’s recommended that you backup your keys. Some large investors keep their hardware wallets in secure locations such as bank vaults. Trezor, Keepkey and Ledger are notable examples.
Paper wallets are perhaps the simplest of all the wallets. Paper wallets are pieces of paper that contain the private and public keys of a bitcoin address. Ideal for the long-term storage of bitcoin (away from fire and water, of course) or for the giving of bitcoin as a gift, these wallets are more secure in that they’re not connected to a network. They are, however, easier to lose.
With services such as WalletGenerator, you can easily create a new address and print the wallet on your printer. When you’re ready to top up your paper wallet you simply send some bitcoin to that address and then store it safely. Whatever option you go for, be sure to back up everything and only tell your nearest and dearest where your backups are stored.
submitted by hackatoshi to u/hackatoshi [link] [comments]

nvk/wallets-recovery - Document page that lists the derivation paths and other information about different types of wallets. Useful in case you want to do wallet recovery. (x-post from /r/Bitcoin)

nvk/wallets-recovery - Document page that lists the derivation paths and other information about different types of wallets. Useful in case you want to do wallet recovery. (x-post from /Bitcoin) submitted by ASICmachine to CryptoCurrencyClassic [link] [comments]

کیف پول اتمیک atomic | آموزش تصویری ثبت نام و نحوه کار با کیف پول اتمیک

کیف پول اتمیک ؛ کیف پول ها انواع مختلفی دارند.که از این کیف پول ها به عنوان کیف پول بیت کوین و سایر ارزهای دیجیتال استفاده می شوند.از طرف دیگر کیف پول های نرم افزاری هم انواع مختلفی دارند. شما می توانید از کیف پول های نرم افزاری هم در گوشی های هوشمند و هم در کامپیوتر ها استفاده کنید. هر کیف پول برای یک و یا دو نسخه از سیستم عامل هایی که گفته شده است توسعه یافته اند. شما می توانید با انتخاب یکی از انواع کیف پول ها به درستی رمز ارز خود را ذخیره کنید.
کیف پولی که قرار است در این مقاله درباره آن گفتگو کنیم، برای پلتفرم ( موبایل و کامپیوتر ) توسعه داده شده است. ما در این مقاله قصد داریم تا در این مطلب به آموزش تصویری ثبت نام در کیف پول اتمیک و نحوه کار با آن در نسخه ویندوز و نسخه اندروید بپردازیم.
به گفته کاربران، کیف پول اتمیک یکی از بهترین و محبوب ترین کیف پول های موجود در بازار می باشد. شما می توانید از این کیف پول در کامپیوترتان ( سیستم عامل های: مک، ویندوز، لینوکس ) و همچنین گوشی موبایلتان ( با سیستم عامل اندروید ) استفاده کنید. در ادامه همراه ما باشید تا بیشتر به تحلیل و بررسی این کیف پوئل بپردازیم.
فهرست مطالب
https://www.zoomarz.com/atomic-wallet/
submitted by zoomarz98 to u/zoomarz98 [link] [comments]

So can you use seed words to restore a wallet from one hardware wallet onto another type of hardware wallet? Or are those device-specific? Thanks (x-post from /r/Bitcoin)

submitted by ASICmachine to CryptoCurrencyClassic [link] [comments]

The Different Types of Crypto Wallets Bitcoin Wallets - What You NEED to Know - Basics 3 of the BEST Bitcoin Wallets Types of Wallets Different Types of Cryptocurrency Wallets Explained In 2 Minutes

These kind of wallets are more secure, as they are stored physically and hackers do not have any access to them. Now that you know about Hot Wallets and Cold Storage Wallets, here are the 4 different types of Bitcoin wallets you can use: 1. Software Wallets You should now hopefully have a much better idea of what types of Bitcoin wallets there are and what options are available for you. Of course, there's no single wallet that's the best for every single person as each type has its own pros and cons. But with this newfound knowledge, you'll be able to pick one that works for your needs and preferences! So secure your crypto and get yourself a ... Several types of bitcoin wallets. by Judie Simms. August 20, 2020. in Bitcoin. 0. 1.1k. SHARES. 3.8k. VIEWS. Share on Facebook Share on Twitter. Bitcoin has turn out to be a buzzword within the cryptocurrency world. As we speak, many individuals are shopping for and utilizing bitcoins. It’s the easiest way to hold out the transactions with out the involvement of any third events. Individuals ... Hot wallets refer to Bitcoin wallets used on internet connected devices like phones, computers, or tablets. Because hot wallets run on internet connected devices there is always a risk of theft. Think of hot wallets like your wallet today. You shouldn’t store any significant amount of bitcoins in a hot wallet, just as you would not walk around with your savings account as cash. The types of bitcoin wallets include: Hardware wallet. The hardware wallet would look like the flash drive that allows you to secure the crypto coins safely. It would help if you connected this wallet the laptop, tablet or system to gain access to the coins or to carry out bitcoin transactions. There are different types of hardware wallets available. is the ideal choice for the people who are ...

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The Different Types of Crypto Wallets

The fourth type and one of the most secure wallets is the (4) Hardware Wallets. It stores your private keys on a device like a USB drive. You are still able to make online transactions. But since ... In this video, we're explaining the different types of cryptocurrency wallets. Please like and comment below. Check out Blockchain.Wtf for all your blockchain needs. There are several types of wallet... Skip navigation Sign in. Search. Loading... Close. This video is unavailable. ... Bitcoin Wallets - What You NEED to Know - Basics - Duration: 19:32. Bit ... Hardware wallets offer the most complex and robust security of any type of bitcoin wallet. That’s because the physical hardware device must be connected to a computer or smartphone to execute a ... In response to ash368 here is my roundup of the many different types of crypto wallet. I try and give an outline of the main types along with the pros and cons of each type. As always feel free to ...

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