The 4 Best Hardware Wallets For Bitcoin of 2020 ( ++ Altcoins)

Bitcoin Wallet

Everything about bitcoin wallets.
[link]

/r/Bitcoin FAQ - Newcomers please read

Welcome to the /Bitcoin Sticky FAQ

You've probably been hearing a lot about Bitcoin recently and are wondering what's the big deal? Most of your questions should be answered by the resources below but if you have additional questions feel free to ask them in the comments.
The following videos are a good starting point for understanding how bitcoin works and a little about its long term potential:
For some more great introductory videos check out Andreas Antonopoulos's YouTube playlists, he is probably the best bitcoin educator out there today. Also have to give mention to James D'Angelo's Bitcoin 101 Blackboard series. Lots of additional video resources can be found at the videos wiki page or /BitcoinTV.
Key properties of bitcoin
Some excellent writing on Bitcoin's value proposition and future can be found here. Bitcoin statistics can be found here, here and here. Developer resources can be found here and here. Peer-reviewed research papers can be found here. The number of times Bitcoin was declared dead by the media can be found here. Scaling resources here, and of course the whitepaper that started it all.

Where can I buy bitcoins?

BuyBitcoinWorldwide.com and Howtobuybitcoin.io are helpful sites for beginners. You can buy or sell any amount of bitcoin and there are several easy methods to purchase bitcoin with cash, credit card or bank transfer. Some of the more popular resources are below, also, check out the bitcoinity exchange resources for a larger list of options for purchases.
Bank Transfer Credit / Debit card Cash
Coinbase Coinbase LocalBitcoins
Gemini Bitstamp LibertyX
GDAX Bitit Mycelium LocalTrader
Bitstamp Cex.io BitQuick
Kraken CoinMama WallofCoins
Xapo BitcoinOTC
Cex.io
itBit
Bitit
Bitsquare
Here is a listing of local ATMs. If you would like your paycheck automatically converted to bitcoin use Cashila or Bitwage.
Note: Bitcoins are valued at whatever market price people are willing to pay for them in balancing act of supply vs demand. Unlike traditional markets, bitcoin markets operate 24 hours per day, 365 days per year. Preev is a useful site that that shows how much various denominations of bitcoin are worth in different currencies. Alternatively you can just Google "1 bitcoin in (your local currency)".

Securing your bitcoins

With bitcoin you can "Be your own bank" and personally secure your bitcoins OR you can use third party companies aka "Bitcoin banks" which will hold the bitcoins for you.
Android iOs Desktop
Mycelium BreadWallet Electrum
CoPay AirBitz Armory
Another interesting use case for physical storage/transfer is the Opendime. Opendime is a small USB stick that allows you to spend Bitcoin by physically passing it along so it's anonymous and tangible like cash.
Note: For increased security, use Two Factor Authentication (2FA) everywhere it is offered, including email!
2FA requires a second confirmation code to access your account, usually from a text message or app, making it much harder for thieves to gain access. Google Authenticator and Authy are the two most popular 2FA services, download links are below. Make sure you create backups of your 2FA codes.
Google Auth Authy
Android Android
iOS iOS

Where can I spend bitcoins?

A more comprehensive list can be found at the Trade FAQ but some more commons ones are below.
Store Product
Gyft Gift cards for hundreds of retailers including Amazon, Target, Walmart, Starbucks, Whole Foods, CVS, Lowes, Home Depot, iTunes, Best Buy, Sears, Kohls, eBay, GameStop, etc.
Steam, HumbleBundle, Games Planet, itch.io, g2g and kinguin For when you need to get your game on
Microsoft Xbox games, phone apps and software
Spendabit, The Bitcoin Shop, Overstock, DuoSearch, The Bitcoin Directory and BazaarBay Retail shopping with millions of results
ShakePay Generate one time use Visa cards in seconds
NewEgg and Dell For all your electronics needs
Cashila, Bitwa.la, Coinbills, Piixpay, Bitbill.eu, Bylls, Coins.ph, Bitrefill, Pey.de, LivingRoomofSatoshi, Hyphen.to, Coinsfer, GetPaidinBitcoin, Coins.co.th, More #1, #2 Bill payment
Foodler, Menufy, Takeaway, Thuisbezorgd NL, Pizza For Coins Takeout delivered to your door!
Expedia, Cheapair, Lot, Destinia, BTCTrip, Abitsky, SkyTours, Fluege the Travel category on Gyft and 9flats For when you need to get away
BoltVM, BitHost VPS service
Cryptostorm, Mullvad, and PIA VPN services
Namecheap, Porkbun For new domain name registration
Stampnik and GetUSPS Discounted USPS Priority, Express, First-Class mail postage
Reddit Gold Premium membership which can be gifted to others
Coinmap, 99Bitcoins and AirBitz are helpful to find local businesses accepting bitcoins. A good resource for UK residents is at wheretospendbitcoins.co.uk.
There are also lots of charities which accept bitcoin donations, such as Wikipedia, Red Cross, Amnesty International, United Way, ACLU and the EFF. You can find a longer list here.

Merchant Resources

There are several benefits to accepting bitcoin as a payment option if you are a merchant;
If you are interested in accepting bitcoin as a payment method, there are several options available;

Can I mine bitcoin?

Mining bitcoins can be a fun learning experience, but be aware that you will most likely operate at a loss. Newcomers are often advised to stay away from mining unless they are only interested in it as a hobby similar to folding at home. If you want to learn more about mining you can read more here. Still have mining questions? The crew at /BitcoinMining would be happy to help you out.
If you want to contribute to the bitcoin network by hosting the blockchain and propagating transactions you can run a full node using this setup guide. Bitseed is an easy option for getting set up. You can view the global node distribution here.

Earning bitcoins

Just like any other form of money, you can also earn bitcoins by being paid to do a job.
Site Description
WorkingForBitcoins, Bitwage, XBTfreelancer, Cryptogrind, Bitlancerr, Coinality, Bitgigs, /Jobs4Bitcoins, Rein Project Freelancing
OpenBazaar, Purse.io, Bitify, /Bitmarket, 21 Market Marketplaces
Watchmybit, Streamium.io, OTika.tv, XOtika.tv NSFW, /GirlsGoneBitcoin NSFW Video Streaming
Bitasker, BitforTip, WillPayCoin Tasks
Supload.com, SatoshiBox, JoyStream, File Army File/Image Sharing
CoinAd, A-ads, Coinzilla.io Advertising
You can also earn bitcoins by participating as a market maker on JoinMarket by allowing users to perform CoinJoin transactions with your bitcoins for a small fee (requires you to already have some bitcoins)

Bitcoin Projects

The following is a short list of ongoing projects that might be worth taking a look at if you are interested in current development in the bitcoin space.
Project Description
Lightning Network, Amiko Pay, and Strawpay Payment channels for network scaling
Blockstream and Drivechain Sidechains
21, Inc. Open source library for the machine payable web
ShapeShift.io Trade between bitcoins and altcoins easily
Open Transactions, Counterparty, Omni, Open Assets, Symbiont and Chain Financial asset platforms
Hivemind and Augur Prediction markets
Mirror Smart contracts
Mediachain Decentralized media library
Tierion and Factom Records & Titles on the blockchain
BitMarkets, DropZone, Beaver and Open Bazaar Decentralized markets
Samourai and Dark Wallet - abandoned Privacy-enhancing wallets
JoinMarket CoinJoin implementation (Increase privacy and/or Earn interest on bitcoin holdings)
Coinffeine and Bitsquare Decentralized bitcoin exchanges
Keybase and Bitrated Identity & Reputation management
Bitmesh and Telehash Mesh networking
JoyStream BitTorrent client with paid seeding
MORPHiS Decentralized, encrypted internet
Storj and Sia Decentralized file storage
Streamium and Faradam Pay in real time for on-demand services
Abra Global P2P money transmitter network
bitSIM PIN secure hardware token between SIM & Phone
Identifi Decentralized address book w/ ratings system
Coinometrics Institutional-level Bitcoin Data & Research
Blocktrail and BitGo Multisig bitcoin API
Bitcore Open source Bitcoin javascript library
Insight Open source blockchain API
Leet Kill your friends and take their money ;)

Bitcoin Units

One Bitcoin is quite large (hundreds of £/$/€) so people often deal in smaller units. The most common subunits are listed below:
Unit Symbol Value Info
millibitcoin mBTC 1,000 per bitcoin SI unit for milli i.e. millilitre (mL) or millimetre (mm)
microbitcoin μBTC 1,000,000 per bitcoin SI unit for micro i.e microlitre (μL) or micrometre (μm)
bit bit 1,000,000 per bitcoin Colloquial "slang" term for microbitcoin
satoshi sat 100,000,000 per bitcoin Smallest unit in bitcoin, named after the inventor
For example, assuming an arbitrary exchange rate of $500 for one Bitcoin, a $10 meal would equal:
For more information check out the Bitcoin units wiki.
Still have questions? Feel free to ask in the comments below or stick around for our weekly Mentor Monday thread. If you decide to post a question in /Bitcoin, please use the search bar to see if it has been answered before, and remember to follow the community rules outlined on the sidebar to receive a better response. The mods are busy helping manage our community so please do not message them unless you notice problems with the functionality of the subreddit. A complete list of bitcoin related subreddits can be found here
Note: This is a community created FAQ. If you notice anything missing from the FAQ or that requires clarification you can edit it here and it will be included in the next revision pending approval.
Welcome to the Bitcoin community and the new decentralized economy!
submitted by BinaryResult to Bitcoin [link] [comments]

/r/Bitcoin FAQ - Newcomers please read

Welcome to the /Bitcoin Sticky FAQ

You've probably been hearing a lot about Bitcoin recently and are wondering what's the big deal? Most of your questions should be answered by the resources below but if you have additional questions feel free to ask them in the comments.
Some great introductions for new users are My first bitcoin, Bitcoin explained and ELI5 Bitcoin. Also, the following videos are a good starting point for understanding how bitcoin works and a little about its long term potential:
Also have to give mention to Lopp.net, the Princeton crypto series and James D'Angelo's Bitcoin 101 Blackboard series. Some excellent writing on Bitcoin's value proposition and future can be found at the Satoshi Nakamoto Institute. Bitcoin statistics can be found here, here and here. Developer resources can be found here, here and here. Peer-reviewed research papers can be found here. Potential upcoming protocol improvements here. Scaling resources here. The number of times Bitcoin was declared dead by the media can be found here (LOL!), and of course Satoshi Nakamoto's whitepaper that started it all! :)
Key properties of bitcoin

Where can I buy bitcoins?

Bitcoin.org, BuyBitcoinWorldwide.com and Howtobuybitcoin.io are helpful sites for beginners. You can buy or sell any amount of bitcoin and there are several easy methods to purchase bitcoin with cash, credit card or bank transfer. Some of the more popular resources are below, also, check out the bitcoinity exchange resources for a larger list of options for purchases.
Bank Transfer Credit / Debit card Cash
Gemini Bitstamp LocalBitcoins
Bitstamp Bitit Mycelium LocalTrader
BitFinex Cex.io LibertyX
Cex.io CoinMama WallofCoins
Xapo Spectrocoin BitcoinOTC
Kraken Luno BitQuick
itBit
HitBTC
Bitit
Bisq (decentralized)
Luno
Spectrocoin
Here is a listing of local ATMs. If you would like your paycheck automatically converted to bitcoin use Bitwage.
Note: Bitcoins are valued at whatever market price people are willing to pay for them in balancing act of supply vs demand. Unlike traditional markets, bitcoin markets operate 24 hours per day, 365 days per year. Preev is a useful site that that shows how much various denominations of bitcoin are worth in different currencies. Alternatively you can just Google "1 bitcoin in (your local currency)".

Securing your bitcoins

With bitcoin you can "Be your own bank" and personally secure your bitcoins OR you can use third party companies aka "Bitcoin banks" which will hold the bitcoins for you.
Android iOs Desktop
Samouari BreadWallet Electrum
Another interesting use case for physical storage/transfer is the Opendime. Opendime is a small USB stick that allows you to spend Bitcoin by physically passing it along so it's anonymous and tangible like cash.
Note: For increased security, use Two Factor Authentication (2FA) everywhere it is offered, including email!
2FA requires a second confirmation code to access your account, usually from a text message or app, making it much harder for thieves to gain access. Google Authenticator and Authy are the two most popular 2FA services, download links are below. Make sure you create backups of your 2FA codes.
Google Auth Authy
Android Android
iOS iOS

Where can I spend bitcoins?

Check out spendabit or bitcoin directory for some good options, some of the more commons ones are listed below.
Store Product
Gyft Gift cards for hundreds of retailers including Amazon, Target, Walmart, Starbucks, Whole Foods, CVS, Lowes, Home Depot, iTunes, Best Buy, Sears, Kohls, eBay, GameStop, etc.
Steam, HumbleBundle, Games Planet, itch.io, g2g and kinguin For when you need to get your game on
Microsoft Xbox games, phone apps and software
Spendabit, Overstock, The Bitcoin Directory and BazaarBay Retail shopping with millions of results
ShakePay Generate one time use Visa cards in seconds
NewEgg and Dell For all your electronics needs
Bitwa.la, Coinbills, Piixpay, Bitbill.eu, Bylls, Coins.ph, Bitrefill, LivingRoomofSatoshi, Hyphen.to, Coinsfer, More #1, #2 Bill payment
Menufy, Takeaway, Thuisbezorgd NL, Pizza For Coins Takeout delivered to your door!
Expedia, Cheapair, Lot, Destinia, BTCTrip, Abitsky, SkyTours, Fluege the Travel category on Gyft and 9flats For when you need to get away
BitHost VPS service
Cryptostorm, Mullvad, and PIA VPN services
Namecheap, Porkbun For new domain name registration
Stampnik Discounted USPS Priority, Express, First-Class mail postage
Reddit Gold Premium membership which can be gifted to others
Coinmap and AirBitz are helpful to find local businesses accepting bitcoins. A good resource for UK residents is at wheretospendbitcoins.co.uk.
There are also lots of charities which accept bitcoin donations, such as Wikipedia, United Way, ACLU and the EFF. You can find a longer list here.

Merchant Resources

There are several benefits to accepting bitcoin as a payment option if you are a merchant;
If you are interested in accepting bitcoin as a payment method, there are several options available;

Can I mine bitcoin?

Mining bitcoins can be a fun learning experience, but be aware that you will most likely operate at a loss. Newcomers are often advised to stay away from mining unless they are only interested in it as a hobby similar to folding at home. If you want to learn more about mining you can read more here. Still have mining questions? The crew at /BitcoinMining would be happy to help you out.
If you want to contribute to the bitcoin network by hosting the blockchain and propagating transactions you can run a full node using this setup guide. Bitseed is an easy option for getting set up. You can view the global node distribution here.

Earning bitcoins

Just like any other form of money, you can also earn bitcoins by being paid to do a job.
Site Description
WorkingForBitcoins, Bitwage, XBTfreelancer, Cryptogrind, Bitlancerr, Coinality, Bitgigs, /Jobs4Bitcoins, Rein Project Freelancing
OpenBazaar, Purse.io, Bitify, /Bitmarket, 21 Market Marketplaces
Streamium.io, XOtika.tv NSFW, /GirlsGoneBitcoin NSFW Video Streaming
Bitasker, BitforTip Tasks
Supload.com, SatoshiBox, JoyStream, File Army File/Image Sharing
CoinAd, A-ads, Coinzilla.io Advertising
You can also earn bitcoins by participating as a market maker on JoinMarket by allowing users to perform CoinJoin transactions with your bitcoins for a small fee (requires you to already have some bitcoins)

Bitcoin Projects

The following is a short list of ongoing projects that might be worth taking a look at if you are interested in current development in the bitcoin space.
Project Description
Lightning Network, Amiko Pay, and Strawpay Payment channels for network scaling
Blockstream, Rootstock and Drivechain Sidechains
21, Inc. Open source library for the machine payable web
ShapeShift.io Trade between bitcoins and altcoins easily
Open Transactions, Counterparty, Omni, Open Assets, Symbiont and Chain Financial asset platforms
Hivemind and Augur Prediction markets
Mediachain Decentralized media library
Tierion and Factom Records & Titles on the blockchain
BitMarkets, DropZone, Beaver and Open Bazaar Decentralized markets
Samourai and Dark Wallet - abandoned Privacy-enhancing wallets
JoinMarket CoinJoin implementation (Increase privacy and/or Earn interest on bitcoin holdings)
Coinffeine and Bisq Decentralized bitcoin exchanges
Keybase and Bitrated Identity & Reputation management
Telehash Mesh networking
JoyStream BitTorrent client with paid seeding
MORPHiS Decentralized, encrypted internet
Storj and Sia Decentralized file storage
Streamium Pay in real time for on-demand services
Abra Global P2P money transmitter network
bitSIM PIN secure hardware token between SIM & Phone
Identifi Decentralized address book w/ ratings system
BitGo Multisig bitcoin API
Bitcore Open source Bitcoin javascript library
Insight Open source blockchain API
Leet Kill your friends and take their money ;)

Bitcoin Units

One Bitcoin is quite large (hundreds of £/$/€) so people often deal in smaller units. The most common subunits are listed below:
Unit Symbol Value Info
millibitcoin mBTC 1,000 per bitcoin SI unit for milli i.e. millilitre (mL) or millimetre (mm)
microbitcoin μBTC 1,000,000 per bitcoin SI unit for micro i.e microlitre (μL) or micrometre (μm)
bit bit 1,000,000 per bitcoin Colloquial "slang" term for microbitcoin
satoshi sat 100,000,000 per bitcoin Smallest unit in bitcoin, named after the inventor
For example, assuming an arbitrary exchange rate of $10000 for one Bitcoin, a $10 meal would equal:
For more information check out the Bitcoin units wiki.
Still have questions? Feel free to ask in the comments below or stick around for our weekly Mentor Monday thread. If you decide to post a question in /Bitcoin, please use the search bar to see if it has been answered before, and remember to follow the community rules outlined on the sidebar to receive a better response. The mods are busy helping manage our community so please do not message them unless you notice problems with the functionality of the subreddit. A complete list of bitcoin related subreddits can be found here
Note: This is a community created FAQ. If you notice anything missing from the FAQ or that requires clarification you can edit it here and it will be included in the next revision pending approval.
Welcome to the Bitcoin community and the new decentralized economy!
submitted by BinaryResult to Bitcoin [link] [comments]

/r/Bitcoin FAQ - Newcomers please read

Welcome to the /Bitcoin Sticky FAQ

You've probably been hearing a lot about Bitcoin recently and are wondering what's the big deal? Most of your questions should be answered by the resources below but if you have additional questions feel free to ask them in the comments.
The following videos are a good starting point for understanding how bitcoin works and a little about its long term potential:
For lots of additional video resources check out the videos wiki page or /BitcoinTV.
Key properties of bitcoin
Some excellent writing on Bitcoin's value proposition and future can be found here. Bitcoin statistics can be found here and here. Developer resources can be found here and here. Peer-reviewed research papers can be found here. The number of times Bitcoin was declared dead by the media can be found here. Scaling resources here, and of course the whitepaper that started it all.

Where can I buy bitcoins?

BuyBitcoinWorldwide.com is a very helpful site for beginners. You can buy or sell any amount of bitcoin and there are several easy methods to purchase bitcoin with cash, credit card or bank transfer. Some of the more popular resources are below, also, check out the bitcoinity exchange resources for a larger list of options for purchases.
Bank Transfer Credit / Debit card Cash
Coinbase Coinbase LocalBitcoins
Gemini Bitstamp LibertyX
GDAX Bitit Mycelium LocalTrader
Bitstamp Cex.io BitQuick
Kraken CoinMama WallofCoins
Xapo BitcoinOTC
Cex.io
itBit
Bitit
Bitsquare
Here is a listing of local ATMs. If you would like your paycheck automatically converted to bitcoin use Cashila or Bitwage.
Note: Bitcoins are valued at whatever market price people are willing to pay for them in balancing act of supply vs demand. Unlike traditional markets, bitcoin markets operate 24 hours per day, 365 days per year. Preev is a useful site that that shows how much various denominations of bitcoin are worth in different currencies. Alternatively you can just Google "1 bitcoin in (your local currency)".

Securing your bitcoins

With bitcoin you can "Be your own bank" and personally secure your bitcoins OR you can use third party companies aka "Bitcoin banks" which will hold the bitcoins for you.
Android iOs Desktop
Mycelium BreadWallet Electrum
CoPay AirBitz Armory
Note: For increased security, use Two Factor Authentication (2FA) everywhere it is offered, including email!
2FA requires a second confirmation code to access your account, usually from a text message or app, making it much harder for thieves to gain access. Google Authenticator and Authy are the two most popular 2FA services, download links are below. Make sure you create backups of your 2FA codes.
Google Auth Authy
Android Android
iOS iOS

Where can I spend bitcoins?

A more comprehensive list can be found at the Trade FAQ but some more commons ones are below.
Store Product
Gyft Gift cards for hundreds of retailers including Amazon, Target, Walmart, Starbucks, Whole Foods, CVS, Lowes, Home Depot, iTunes, Best Buy, Sears, Kohls, eBay, GameStop, etc.
Steam, HumbleBundle, GreenmanGaming, and Coinplay.io For when you need to get your game on
Microsoft Xbox games, phone apps and software
Spendabit, The Bitcoin Shop, Overstock, Rakuten, DuoSearch, The Bitcoin Directory and BazaarBay Retail shopping with millions of results
ShakePay Generate one time use Visa cards in seconds
NewEgg, TigerDirect and Dell For all your electronics needs
Cashila, Bitwa.la, Coinbills, Piixpay, Bitbill.eu, Bylls, Coins.ph, Bitrefill, Pey.de, LivingRoomofSatoshi, Hyphen.to, Coinsfer, GetPaidinBitcoin, Coins.co.th, More #1, #2 Bill payment
Foodler, Takeaway, Thuisbezorgd NL, Pizza For Coins Takeout delivered to your door!
Expedia, Cheapair, Lot, Destinia, BTCTrip, Abitsky, SkyTours, Fluege the Travel category on Gyft and 9flats For when you need to get away
BoltVM, BitHost VPS service
Cryptostorm, Mullvad, and PIA VPN services
Namecheap For new domain name registration
Stampnik and GetUSPS Discounted USPS Priority, Express, First-Class mail postage
Reddit Gold Premium membership which can be gifted to others
Coinmap, 99Bitcoins and AirBitz are helpful to find local businesses accepting bitcoins. A good resource for UK residents is at wheretospendbitcoins.co.uk.
There are also lots of charities which accept bitcoin donations, such as Wikipedia, Red Cross, Amnesty International, United Way, ACLU and the EFF. You can find a longer list here.

Merchant Resources

There are several benefits to accepting bitcoin as a payment option if you are a merchant;
If you are interested in accepting bitcoin as a payment method, there are several options available;

Can I mine bitcoin?

Mining bitcoins can be a fun learning experience, but be aware that you will most likely operate at a loss. Newcomers are often advised to stay away from mining unless they are only interested in it as a hobby similar to folding at home. If you want to learn more about mining you can read more here. Still have mining questions? The crew at /BitcoinMining would be happy to help you out.
If you want to contribute to the bitcoin network by hosting the blockchain and propagating transactions you can run a full node using this setup guide. Bitseed is an easy option for getting set up. You can view the global node distribution here.

Earning bitcoins

Just like any other form of money, you can also earn bitcoins by being paid to do a job.
Site Description
Bitwage, XBTfreelancer, Cryptogrind, Bitlancerr, Coinality, Bitgigs, /Jobs4Bitcoins, Rein Project Freelancing
OpenBazaar, Purse.io, Bitify, /Bitmarket, 21 Market Marketplaces
Watchmybit, Streamium.io, OTika.tv, XOtika.tv NSFW, /GirlsGoneBitcoin NSFW Video Streaming
Bitasker, BitforTip, WillPayCoin Tasks
Supload.com, SatoshiBox, JoyStream, File Army File/Image Sharing
CoinAd, A-ads, Coinzilla.io Advertising
You can also earn bitcoins by participating as a market maker on JoinMarket by allowing users to perform CoinJoin transactions with your bitcoins for a small fee (requires you to already have some bitcoins)

Bitcoin Projects

The following is a short list of ongoing projects that might be worth taking a look at if you are interested in current development in the bitcoin space.
Project Description
Lightning Network, Amiko Pay, and Strawpay Payment channels for network scaling
Blockstream and Drivechain Sidechains
21, Inc. Open source library for the machine payable web
ShapeShift.io Trade between bitcoins and altcoins easily
Open Transactions, Counterparty, Omni, Open Assets, Symbiont and Chain Financial asset platforms
Hivemind and Augur Prediction markets
Mirror Smart contracts
Mediachain Decentralized media library
Tierion and Factom Records & Titles on the blockchain
BitMarkets, DropZone, Beaver and Open Bazaar Decentralized markets
Samourai and Dark Wallet - abandoned Privacy-enhancing wallets
JoinMarket CoinJoin implementation (Increase privacy and/or Earn interest on bitcoin holdings)
Coinffeine and Bitsquare Decentralized bitcoin exchanges
Keybase and Bitrated Identity & Reputation management
Bitmesh and Telehash Mesh networking
JoyStream BitTorrent client with paid seeding
MORPHiS Decentralized, encrypted internet
Storj and Sia Decentralized file storage
Streamium and Faradam Pay in real time for on-demand services
Abra Global P2P money transmitter network
bitSIM PIN secure hardware token between SIM & Phone
Identifi Decentralized address book w/ ratings system
Coinometrics Institutional-level Bitcoin Data & Research
Blocktrail and BitGo Multisig bitcoin API
Bitcore Open source Bitcoin javascript library
Insight Open source blockchain API
Leet Kill your friends and take their money ;)

Bitcoin Units

One Bitcoin is quite large (hundreds of £/$/€) so people often deal in smaller units. The most common subunits are listed below:
Unit Symbol Value Info
millibitcoin mBTC 1,000 per bitcoin SI unit for milli i.e. millilitre (mL) or millimetre (mm)
microbitcoin μBTC 1,000,000 per bitcoin SI unit for micro i.e microlitre (μL) or micrometre (μm)
bit bit 1,000,000 per bitcoin Colloquial "slang" term for microbitcoin
satoshi sat 100,000,000 per bitcoin Smallest unit in bitcoin, named after the inventor
For example, assuming an arbitrary exchange rate of $500 for one Bitcoin, a $10 meal would equal:
For more information check out the Bitcoin units wiki.
Still have questions? Feel free to ask in the comments below or stick around for our weekly Mentor Monday thread. If you decide to post a question in /Bitcoin, please use the search bar to see if it has been answered before, and remember to follow the community rules outlined on the sidebar to receive a better response. The mods are busy helping manage our community so please do not message them unless you notice problems with the functionality of the subreddit. A complete list of bitcoin related subreddits can be found here
Note: This is a community created FAQ. If you notice anything missing from the FAQ or that requires clarification you can edit it here and it will be included in the next revision pending approval.
Welcome to the Bitcoin community and the new decentralized economy!
submitted by BinaryResult to Bitcoin [link] [comments]

Beginner's Guide to Trading Crypto. Part 11

Beginner's Guide to Trading Crypto. Part 11

Money Loves Security And So Do Cryptos: A Brief Guide Down Crypto Wallet Lane

Since time immemorial people have been keeping their money and valuables in safe places. Be they purses, clay pots full of coins buried in their backyards or treasure chests hidden in caves with piles of bones strewn around to keep unwanted visitors at bay, they means conceived for safekeeping hoarded valuables are just as creative as they are limitless.
The advent of cryptocurrencies as a new class of valuables and assets instantly spawned the need to keep them safe from the clammy hands of criminals. The logical solution was to develop wallets that would be used to keep cryptos safe. As a result, a multitude of wallets have emerged offering all kinds of added services to their users while remaining means of storage at heart.
There is a huge variety of wallets available: Coinomi, GreenAddress, Blockchain.info, Atomic, Exodus, Jaxx, Electrum, Copay, Bread, Airbitz, Armory, Mycelium, Blockchain Wallet and dozens of others, each offering their services to suit any taste.
https://preview.redd.it/tai1ax5q3u341.jpg?width=1200&format=pjpg&auto=webp&s=0a33622327c7e52eea02e77f7c843423e6aeba12

Types Of Wallets

There are several types of wallets available to users and everyone must decide for themselves which one suits their needs best.
Hardware wallets: These are the most secure and reliable wallets available, since they are not connected to the internet at all. Hardware wallets are like flash memory cards that store the user’s cryptocurrencies and access offline. A bright example is the Trezor wallet, which is deemed to be impermeable to hackers. Unless the user loses the device itself, it is safe to assume that the cryptos will stay on it indefinitely and no one will ever gain access to them.
Online, Web or Hot wallets: These are online services, or online wallets that offer to store the user’s cryptos online with direct access to the internet at any time. In essence, online wallets are online accounts in which users store their funds. The risks are very high, since exchange wallets are routinely being hacked and the cryptos stored therein stolen.
Desktop wallets: Desktop wallets are software programs that can be downloaded and installed on a PC and will only be accessible from the device they were downloaded onto. The risks are the same as with hot wallets and another added inconvenience is that loss of the device or loss of access to it means loss of all cryptos stored on it.
Mobile wallets: Mobile wallets are software programs that can be downloaded onto a mobile device, such as a phone or a tablet. There are wallets for Android and iPhones and all of them bear even greater risks than hot wallets. Since mobile devices are susceptible to theft and a variety of viruses, it is extremely risky to store cryptos on them. Though access to the cryptos without private keys is impossible, unless the user stores them on the device, loss of all cryptos with the mobile device is guaranteed.
Paper wallets: Paper wallets are offline cold storage for cryptocurrencies. This is by far the safest means of storing cryptos, which includes printing the public and private keys on a piece of paper and storing it in a safe place. The keys are printed in the form of QR codes for convenience. With paper wallets, the user has complete control over their funds and the only risk lies in losing the piece of paper with the keys.
Other types of wallets: Apart from the five main types of wallets, there were attempts at creating other types of services, such as atomic wallets using atomic swap technology and even combinations of mobile/hot/cold wallets. Despite limited success, hybrids models of wallets did not become popular.

Main Pros And Cons

When looking at wallets and their main advantages and disadvantages, it is easiest to speak of the division between cold and hot wallets.
When speaking of cold wallets, such as the Trezor Bitcoin wallet and Ledger Nano S or X, the same issue will be observed, and that is the fact that such wallets can be physically lost. Though anyone who ever finds them will never be able to gain access to the stored cryptos without the private keys (unless they are pasted on the device), loss of all cryptos on the device is guaranteed. In addition, cold wallets can be difficult to install and are inconvenient for frequent use.
https://preview.redd.it/ff2dukdx3u341.png?width=1021&format=png&auto=webp&s=f36cdc26b13f33433c5124f5e5a67c0e40f9dbf4
Hot wallets are far more susceptible to risk than their cold counterparts. Though hot storage is much faster and convenient with a wide variety of options from Coinbase to Blockchain.info, the risk of cybercrime runs high. Mobile or desktop storage is also considered to be hot storage and is also risky, if the device is damaged or destroyed.

Bitcoin Problems

Bitcoin, as the firstborn cryptocurrency, was born with a number of defects. One of the main problems of the king of cryptos is the yet unsolved scalability problem. This refers to the limit on the amount of transactions the Bitcoin network can process due to the limited size of and frequency of blocks in the Bitcoin blockchain.
Said problem poses some difficulties to all Bitcoin users and leads to what is known as backlog in the blockchain. The backlog leads to long queues of transactions in the system. With the average transaction time in the Bitcoin blockchain being around 7 transactions per second and the theoretical maximum standing at 27, it is not difficult to understand how long users of the blockchain have to wait for their transactions to pass in times of heightened demand – the time is in the hours and sometimes even days.

Bitcoin Wallets Review

Since Bitcoin is the most popular cryptocurrency on the market, it is logical to judge wallets by their support of the first cryptocurrency. As such, the following will be a brief review of some of the best and most popular Bitcoin wallets on the market.
Online Bitcoin Wallets
Online or web wallets are the most popular ones out there and the best Bitcoin wallet overall is widely considered to be Blockchain.info, which is easily accessible and convenient for everyday use with good security. As an anonymous Bitcoin wallet, Coinbase follows in the lead with its ability to store a multitude of various coins, but with the same security risks that are inherent to all hot wallets.
Android Bitcoin Wallets
Android is the most popular mobile system in the world and plays host to a number of good mobile wallets. The best Android Bitcoin wallet is widely considered to be the Electrum Bitcoin wallet with its excellent reputation, good security and convenience. Though Electrum has some occasional glitches, they are never critical. Another excellent wallet for Android is the Coinomi wallet with its support for a wide variety of cryptos and excellent user support, which even allows for restore options using special phrases. Coinomi has its issues as well, such as occasional exchange glitches, but the many pros outweigh the cons.
Bitcoin Hardware Wallets
The undisputed leaders as the best hardware wallets for Bitcoin are Ledger Nano X and S, Trezor T and Trezor One, and Keepkey. Bitcoin hardware wallets are comparable in their security, accessibility and usability. The difference is mainly in the price, which ranges from $165 for Trzeor T to $59 for the Ledger Nano S model. In fact, the Ledger Bitcoin wallet is often called the king of hardware wallets. The KeepKey Bitcoin wallet is the in the top three hardware wallets as a convenient and stylish device. Though KeepKey supports over 40 assets, it still lacks coin support.
Bitcoin Wallets For iPhone
iPhone’s iOS system is the second most popular for mobile devices in the world and has support for some good wallets as well. The best iOS Bitcoin wallet for iPhone is considered to be the Abra software, which offers credit card support for topping up crypto balances and a good user interface, which is even more oriented at exchanges. The next software is Edge, formerly known as Airbitz. The Edge wallet is best known for high security and good user-friendliness along with multi-currency support.
Bitcoin Wallets For Windows
Bitcoin wallets for PC are very popular and Windows is leading the way with some excellent offers for wallets. Atomic is by far the most advanced and the best option for Windows users as it offers Atomic swaps technology as its basis. The application offers a wide variety of operations and supports over 300 cryptocurrencies. Exodus is the second most popular choice as a desktop only wallet with support for Bitcoin and many other altcoins. Exodus offers its users a good interface and it is free for use.
Bitcoin Wallets For Mac
Since Atomic and Exodus are cross-platform wallets, they can be used on Windows and Mac. Apart from them, there are also Jaxx and Electrum, which can be used on Mac. Jaxx is a multi-currency wallet with support for around 40 cryptos and has a PIN feature. In addition, Jaxx is free for use. Electrum is one of the oldest desktop wallets and is a lightweight wallet that does not require the full blockchain to operate, meaning less storage needed for its operation. The wallet requires a PIN and is essentially a desktop bank with good security and usability. Electrum is also a Bitcoin wallet for iPad, since it can be used on mobile platforms.
Bitcoin Paper Wallet
Since storing cryptos online on exchange or hot wallets or even on devices is risky, it is oftentimes more convenient to use a simple printer to print out the keys and store them. BitAddress offers a convenient and easy to use, step by step guide to creating a paper wallet with the added benefit of sleeping in peace, known that nothing and no one will ever threaten your Bitcoins.
https://preview.redd.it/bh7wi0d64u341.png?width=600&format=png&auto=webp&s=9f7fbd269eea43ac3b8897ad470553ba8b3c730d

Checklist

When embarking on the journey of creating your first wallet, think well of which type to use. The type will depend on the priorities that stand before the user. If security is paramount, then paper or cold storage wallets are the go-to solution. If frequency of use is the name of the day, then hot wallets and their inherent risks are the best way to go.
The most frequent questions related to wallets are how to add money to a Bitcoin wallet and how to set up a Bitcoin wallet. Both questions have no single answer, as each wallet offers its own instructions on how to top up balances and how to set them up. Therefore it is recommended to study all instructions carefully prior to operation.
Either way, there is no silver bullet and some features will have to be sacrificed in deciding how to store cryptocurrencies. The one thing that is constant is the need to store Bitcoins and cryptos and make use of them.

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Originally posted on our blog.
submitted by MoonTrader_io to Moontrader_official [link] [comments]

Advice needed.

I'm about to purchase my first Bitcoin and just want someone to help clarify a few things for me before I start. There's such a wealth of contradictory info out there and I'm just hoping to get some clear concise information.
  1. What's the best/safest way to buy Bitcoin in UK using either a mobile device or laptop? I'm hoping to purchase them via bank transfer or UK debit card.
  2. To begin with I was going to use Mycelium to store my Bitcoin, then maybe look at Cold storage options. Any advice if this is the best way to begin with will be helpful.
  3. I'm intending on using my Bitcoin wallet like a savings account if possible. To be safe I'll diversify my Bitcoin so it's not all in one place. A mixture of cold storage and online/hardrive wallets will probably be best for this. I may also purchase other cryptocurrency once I'm confident with the tech.
  4. What is the best way to sell Bitcoin and transfer the funds back into GBP and to a UK account? Will banks such as TSB and Bank Of Scotland accept this transfer? I've read some bank accounts have been closed because of this.
  5. Will I be subject to tax on any savings I earn? I'm clueless about UK tax laws so need rough advice on this.
I hope to save around £100 a week but may need to withdraw funds at short notice so need flexible and safe options for this. Again any advice is much appreciated.
Apologies if a similar post to this has appeared I'm just trying to get as much info as possible before I begin. TIA.
submitted by SuIIy to BitcoinBeginners [link] [comments]

The 6 Best Bitcoin Wallets

We've reviewed the 6 best Bitcoin wallets for mobile, desktop and online storage. Best hardware wallet reviews are also added for your convenience.
#exodus #jaxx #edge #greenaddress #electrum #mycelium #trezor #ledger
https://wunderbit.co/en/blog/the-6-best-bitcoin-wallets-for-mobile-desktop-and-online-storage
submitted by wunderbit_co to Bitcoin [link] [comments]

/r/Bitcoin FAQ - Newcomers please read

Welcome to the /Bitcoin Sticky FAQ

You've probably been hearing a lot about Bitcoin recently and are wondering what's the big deal? Most of your questions should be answered by the resources below but if you have additional questions feel free to ask them in the comments.
The following videos are a good starting point for understanding how bitcoin works and a little about its long term potential:
For lots of additional video resources check out the videos wiki page or /BitcoinTV.
Key properties of bitcoin
Some excellent writing on Bitcoin's value proposition and future can be found here. Bitcoin statistics can be found here and here. Developer resources can be found here and here. Peer-reviewed research papers can be found here. Scaling resources here, and of course the whitepaper that started it all.

Where can I buy bitcoins?

BuyBitcoinWorldwide.com is a very helpful site for beginners. You can buy or sell any amount of bitcoin and there are several easy methods to purchase bitcoin with cash, credit card or bank transfer. Some of the more popular resources are below, also, check out the bitcoinity exchange resources for a larger list of options for purchases.
Bank Transfer / Credit card Cash
Coinbase LocalBitcoins
Gemini LibertyX
GDAX Mycelium LocalTrader
Poloniex BitQuick
Bitstamp WallofCoins
Kraken BitcoinOTC
Xapo
SnapCard
Cex.io
itBit
Bitit
Bitsquare
Here is a listing of local ATMs. If you would like your paycheck automatically converted to bitcoin use Cashila or Bitwage.
Note: Bitcoins are valued at whatever market price people are willing to pay for them in balancing act of supply vs demand. Unlike traditional markets, bitcoin markets operate 24 hours per day, 365 days per year. Preev is a useful site that that shows how much various denominations of bitcoin are worth in different currencies. Alternatively you can just Google "1 bitcoin in (your local currency)".

Securing your bitcoins

With bitcoin you can "Be your own bank" and personally secure your bitcoins OR you can use third party companies aka "Bitcoin banks" which will hold the bitcoins for you.
Android iOs Desktop
Mycelium BreadWallet Electrum
CoPay AirBitz Armory
Note: For increased security, use Two Factor Authentication (2FA) everywhere it is offered, including email!
2FA requires a second confirmation code to access your account, usually from a text message or app, making it much harder for thieves to gain access. Google Authenticator and Authy are the two most popular 2FA services, download links are below. Make sure you create backups of your 2FA codes.
Google Auth Authy
Android Android
iOS iOS

Where can I spend bitcoins?

A more comprehensive list can be found at the Trade FAQ but some more commons ones are below.
Store Product
Gyft Gift cards for hundreds of retailers including Amazon, Target, Walmart, Starbucks, Whole Foods, CVS, Lowes, Home Depot, iTunes, Best Buy, Sears, Kohls, eBay, GameStop, etc.
Steam, HumbleBundle, GreenmanGaming, and Coinplay.io For when you need to get your game on
Microsoft Xbox games, phone apps and software
Spendabit, The Bitcoin Shop, Overstock, Rakuten, DuoSearch, The Bitcoin Directory and BazaarBay Retail shopping with millions of results
ShakePay Generate one time use Visa cards in seconds
NewEgg, TigerDirect and Dell For all your electronics needs
Cashila, Bitwa.la, Coinbills, Piixpay, Bitbill.eu, Bylls, Coins.ph, Bitrefill, Pey.de, LivingRoomofSatoshi, Wagepoint, Hyphen.to, Coinsfer, GetPaidinBitcoin, Coins.co.th, More Bill payment
Foodler, Takeaway, Thuisbezorgd NL, Pizza For Coins Takeout delivered to your door!
Expedia, Cheapair, Lot, Destinia, BTCTrip, Abitsky, SkyTours, Fluege the Travel category on Gyft and 9flats For when you need to get away
BoltVM, BitHost VPS service
Cryptostorm, Mullvad, and PIA VPN services
Namecheap For new domain name registration
Stampnik and GetUSPS Discounted USPS Priority, Express, First-Class mail postage
Reddit Gold Premium membership which can be gifted to others
Coinmap and AirBitz are helpful to find local businesses accepting bitcoins. A good resource for UK residents is at wheretospendbitcoins.co.uk.
There are also lots of charities which accept bitcoin donations, such as Wikipedia, Red Cross, Amnesty International, United Way, ACLU and the EFF. You can find a longer list here.

Merchant Resources

There are several benefits to accepting bitcoin as a payment option if you are a merchant;
If you are interested in accepting bitcoin as a payment method, there are several options available;

Can I mine bitcoin?

Mining bitcoins can be a fun learning experience, but be aware that you will most likely operate at a loss. Newcomers are often advised to stay away from mining unless they are only interested in it as a hobby similar to folding at home. If you want to learn more about mining you can read more here. Still have mining questions? The crew at /BitcoinMining would be happy to help you out.
If you want to contribute to the bitcoin network by hosting the blockchain and propagating transactions you can run a full node using this setup guide. You can view the global node distribution here.

Earning bitcoins

Just like any other form of money, you can also earn bitcoins by being paid to do a job.
Site Description
Bitwage, XBTfreelancer, Cryptogrind, Bitlancerr, Coinality, Bitgigs, /Jobs4Bitcoins, Rein Project Freelancing
OpenBazaar, Purse.io, Bitify, /Bitmarket, 21 Market Marketplaces
Watchmybit, Streamium.io, OTika.tv, XOtika.tv NSFW, /GirlsGoneBitcoin NSFW Video Streaming
Bitasker, BitforTip, WillPayCoin Tasks
Supload.com, SatoshiBox, JoyStream, File Army File/Image Sharing
CoinAd, A-ads, Coinzilla.io Advertising
You can also earn bitcoins by participating as a market maker on JoinMarket by allowing users to perform CoinJoin transactions with your bitcoins for a small fee (requires you to already have some bitcoins)

Bitcoin Projects

The following is a short list of ongoing projects that might be worth taking a look at if you are interested in current development in the bitcoin space.
Project Description
Lightning Network, Amiko Pay, and Strawpay Payment channels for network scaling
Blockstream and Drivechain Sidechains
21, Inc. Open source library for the machine payable web
ShapeShift.io Trade between bitcoins and altcoins easily
Open Transactions, Counterparty, Omni, Open Assets, Symbiont and Chain Financial asset platforms
Hivemind and Augur Prediction markets
Mirror Smart contracts
Mediachain Decentralized media library
Tierion and Factom Records & Titles on the blockchain
BitMarkets, DropZone, Beaver and Open Bazaar Decentralized markets
Samourai and Dark Wallet - abandoned Privacy-enhancing wallets
JoinMarket CoinJoin implementation (Increase privacy and/or Earn interest on bitcoin holdings)
Coinffeine and Bitsquare Decentralized bitcoin exchanges
Keybase and Bitrated Identity & Reputation management
Bitmesh and Telehash Mesh networking
JoyStream BitTorrent client with paid seeding
MORPHiS Decentralized, encrypted internet
Storj and Sia Decentralized file storage
Streamium and Faradam Pay in real time for on-demand services
Abra Global P2P money transmitter network
bitSIM PIN secure hardware token between SIM & Phone
Identifi Decentralized address book w/ ratings system
Coinometrics Institutional-level Bitcoin Data & Research
Blocktrail and BitGo Multisig bitcoin API
Bitcore Open source Bitcoin javascript library
Insight Open source blockchain API
Leet Kill your friends and take their money ;)

Bitcoin Units

One Bitcoin is quite large (hundreds of £/$/€) so people often deal in smaller units. The most common subunits are listed below:
Unit Symbol Value Info
millibitcoin mBTC 1,000 per bitcoin SI unit for milli i.e. millilitre (mL) or millimetre (mm)
microbitcoin μBTC 1,000,000 per bitcoin SI unit for micro i.e microlitre (μL) or micrometre (μm)
bit bit 1,000,000 per bitcoin Colloquial "slang" term for microbitcoin
satoshi sat 100,000,000 per bitcoin Smallest unit in bitcoin, named after the inventor
For example, assuming an arbitrary exchange rate of $500 for one Bitcoin, a $10 meal would equal:
For more information check out the Bitcoin units wiki.
Still have questions? Feel free to ask in the comments below or stick around for our weekly Mentor Monday thread. If you decide to post a question in /Bitcoin, please use the search bar to see if it has been answered before, and remember to follow the community rules outlined on the sidebar to receive a better response. The mods are busy helping manage our community so please do not message them unless you notice problems with the functionality of the subreddit. A complete list of bitcoin related subreddits can be found here
Note: This is a community created FAQ. If you notice anything missing from the FAQ or that requires clarification you can edit it here and it will be included in the next revision pending approval.
Welcome to the Bitcoin community and the new decentralized economy!
submitted by BinaryResult to Bitcoin [link] [comments]

Monthly reminder for newbies: The Bitcoins you store on an exchange ARE NOT YOUR BITCOINS - they are an IOU. If you hold a decent amount of bitcoins, please make the intelligent decision NOW to transfer your coins to a secure mobile or hardware wallet that you control.

Hacks on exchanges are rare, but they happen. Freezing of exchange-accounts can happen. The point of bitcoin is to be your own bank, a bank that no one can shut-down. The only way to be your own bank is to control your bitcoins yourself.
Popular mobile wallets (great for beginners) include: Breadwallet for IOS, Mycelium for Android. Also, if your phone is rooted, please research how this affects security on mobile devices. Note: losing your phone will not lose your bitcoins if you back-up your private key seed that these apps provide you.
Hardware wallets (gold-standard of security after a bit of research) include: Ledger, Trezor, and Keepkey.

EDIT: This post is meant to WARN newbies of a risk they might not have considered. Keeping your BTC in an exchange can be a completely valid choice - but you need to know the risks and do the research yourself. Exchanges are not banks - they are not insured by the FDIC in case of theft. If your exchange is hacked you're out of luck. People are still waiting for the Mt.Gox lawsuit to see their lost coins.
COUNTERPOINT: To be your own bank, you also need to trust yourself. If you get a wallet, but forget the private key or "seed" - your bitcoins are gone. If you make a mistake and send it to a wrong address - your bitcoins are gone. The bottom line is: if you don't understand bitcoins, please do your research on proper storage. If you determine that you'd rather run with the risk of an exchange hack, at least you will be informed.
submitted by GabeNewell_ to Bitcoin [link] [comments]

Moving off Coinbase, suggest a super secure wallet please

Hey,
coinbase not responding to my safety issue ticket, im tired of them.
What would be the best alternative wallet and cheapest way to transfer all my BTC there?
Edit -
I'm not holding millions, so please suggest an online wallet with 2FA and reputation
submitted by meukow to Bitcoin [link] [comments]

I tested KeepKey + Mycelium + SegWit so you don't have to.

TLDR: you can send and receive Bitcoin to and from native SegWit (Bech32) addresses using KeepKey + Mycelium, but not using KeepKey + KeepKey client (yet?).
Mycelium can import the extended public key (xpub) from your KeepKey, this allows you to get a watch-only wallet on your phone, that can spend only if you connect your KeepKey to the phone. The xpub is not the private key, the private key never leaves KeepKey, you can not spend from just the xpub, cold storage is not compromised. It's a nice combination of the accessibility of an app, and the security of a hardware wallet. My favorite feature is being able to watch the value of my Bitcoin moon plummet from the comfort of my phone. The Mycelium Android wallet finally got it's SegWit update this month, and I used about a buck in Bitcoin to test the new address format.
Importing a KeepKey xpub into Mycelium
The first thing to note is that if you already had a KeepKey account in Mycelium before Mycelium's SegWit update you'll have to remove that account from Mycelium and reimport it to enable SegWit support.
To import your KeepKey’s xpub into Mycelium you need to connect the KeepKey to your phone using a USB OTG adapter, you can get one for about 10 bucks if one did not already come with your phone. When connected, open Mycelium, go to the “accounts” tab, tap the icon of a key with a “+”, tap “advanced”, tap “KeepKey”, and enter your pin.
(If you have enabled passphrase protection on your KeepKey then at this point Mycelium will also ask you to enter the passphrase now. You can read this page for instructions on how to enable/disable passphrase protection: https://help.keepkey.com/how-to-guides/how-to-disable-a-passphrase If you want to enable it change the command from “(false)” to “(true)”. This is an advanced feature so only use this if you know what you are doing, enabling and disabling it has been very flaky in my experience, but once enabled the passphrase feature itself works without error)
Accounts
Mycelium will now scan KeepKey for accounts, if you have multiple accounts on the KeepKey and want to add all of them to Mycelium you will have to go through these steps multiple times to add them one at a time. An account with zero Bitcoin will not be detected by Mycelium.
You can give the account you are adding to Mycelium a label. Mycelium will display a KeepKey logo next to the account name in the accounts tab to indicate this is a watch-only account from a KeepKey.
What can I do with an imported account in Mycelium?
Without having your KeepKey connected you can: -View your Bitcoin balance and it’s fiat value. -View all transactions including those done through the KeepKey Client app. -Generate receiving addresses in all three formats, legacy P2PKH (starting with 1), SegWit wrapped P2SH (starting with 3), SegWit native Bech32 (starting with bc1). -Receive Bitcoin on said addresses and view the incoming transactions before during and after they are confirmed. Note that Mycelium will default to generating SegWit wrapped P2SH receiving addresses, you can change the default to SegWit Native Bech32, but you can not change the default to legacy P3PKH addresses, this is important.
How do I receive Bitcoin with Mycelium?
Choose the KeepKey account from the accounts screen, tap the “receive” button and it will display a SegWit Wrapped P2SH address by default. You can switch to a Legacy or Bech32 address from this screen, and switch the default from P2SH to Bech32, but not to Legacy. This means that by default you will always be receiving Bitcoin on a SegWit address.
How do I send Bitcoin from Mycelium?
In order to send Bitcoin from Mycelium you can tap “send”, enter a receiving address, choose an amount and a fee setting. Next you will have to connect your KeepKey to the phone with the OTG adapter, enter the pin, and enter the passphrase if your KeepKey has one. The transaction will be displayed on the KeepKey’s own display, you should verify the address, amount and fee. Confirm the transaction through the physical button on the KeepKey, twice. Your transaction will be broadcast, you can now disconnect the KeepKey.
How secure is this?
The private key never leaves the KeepKey, cold storage is never compromised. The only way to sign a transaction and send Bitcoin is by connecting the KeepKey, entering the pin to unlock it, and entering the passphrase to further unlock it if you have one enabled, and then using the physical button on the KeepKey to confirm the transaction.
What does not work?
And now finally, the reason I’m making this post, what does not work. At the time of writing the KeepKey client app for Chrome is capable of sending to SegWit P2SH and Bech32 addresses. The KeepKey Client app is however not capable of generating SegWit receiving addresses, nor can it view the balance of SegWit P2SH or SegWit Bech32 addresses. It also can not send Bitcoin that was received on these addresses.
This means that if you use Mycelium to receive Bitcoin on a SegWit address, the KeepKey Client app does not understand this transaction. The KeepKey Client app will not add the balance of this address to your total balance, if this was the only transaction in the wallet it will show a zero balance. The KeepKey Client app will not be able to send Bitcoin that was received on these addresses, you can only do that using Mycelium. This can lead to confusing situations where Mycelium and the KeepKey Client app show two different total balances for the same wallet, because Mycelium sees the real balance, and the KeepKey Client app only sees the non-SegWit addresses balance.
I fully expect a future update to the KeepKey Client Chrome app to enable full SegWit support so the above will no longer be an issue, but right now receiving Bitcoin on SegWit addresses through Mycelium means you can no longer effectively use the KeepKey Client app until it is updated.
submitted by De_Wilde_Weldoener to Bitcoin [link] [comments]

An in-depth overview of different mobile wallets

Disclaimer: A lot of time went into writing this and more research than I anticipated. Errors are not just possible, they are certain. If you find any mistakes, please reach out to me and I'll edit. Furthermore I know I probably missed a couple apps, there are a lot out there. If I missed a big one, then again contact me and I'll consider adding it. If you are reading this in the future, note that these apps update regularly, anything mentioned here may have changed by the time you are reading it.

What is a mobile wallet?

A mobile Bitcoin wallet is an application for a mobile device which acts as a lightweight wallet and allows you to store, send and receive Bitcoin (or other cryptocurrencies and tokens). Mobile wallets use SPV (Simplified Payment Verification) to allow wallet functionality without having to download the whole blockchain. This is very important as barely any mobile phones have enough storage space required for the full blockchain. Mobile wallets are also considered hotwallets, meaning they have an active connection to the internet. The mere fact of being 'online' allows for a number of attack vectors and as such should never be used to store large amounts. It is however not unsafe per se. Private keys are stored locally and encrypted. Some wallets keep backups of those encrypted private keys on a server of their own, and this is something to take note of, but not to fear. So without further ado, lets get to it. I focused on Android wallets, but many of the wallets mentioned here have iOS versions.

Quick overview

Name Segwit Multisig Backup Other coins Fee Choice Privacy Options Depth/Complexity
Samourai Yes No 12 word seed + passphrase No Custom A ton Advanced
Bread No No 12 word seed No 2 Options No Beginner
GreenAddress Yes Yes 24 word seed No Custom Tor Optional Intermediate
AirBitz No No Private seed No Custom-ish No Beginner
Electrum Yes Yes 12 word seed No Custom Proxy possible Intermediate
Copay No Yes 12 word seed No Custom No Beginner
ArcBit No No 12 word seed No Fixed or Dynamic No Beginner
CoinSpace No No 12 word seed BCH/LTC/ETH 3 Options No Intermediate
Simple Bitcoin No No 12 word seed No None No Beginner
Bither No No 12 word seed BCH/BCG 4 choices No Intermediate
GreenBits Yes No 24 word seed No Custom No Beginner
Jaxx No No 12 word seed A ton 3 options No Advanced
Xapo / / / / / Public /
Coinomi No No 18 word seed A ton Custom No Advanced
Mycelium No No 12 word seed No Scrollwheel Tor Optional Intermediate

Wallet Breakdown

Samourai

Samourai focusses heavily on anonymity and obfuscation. Addresses are never used more than once. When making a transaction there is an obfuscation slider. Samourai has had SegWit enabled since October. Furthermore it offers a plethora of different features, too much to sum up here. If you are an advanced crypto-user you should definitely check out this wallet and their website which explains all of the different features. The UI takes a bit of getting used to though.

Breadwallet

Breadwallet is a very simple to use, straightforward app. The UI is slick and intuitive and in-app support to basic questions is very well incorporated. This could be a good wallet for a new person to the scene. The lack of advanced features will make this app not the go-to for more experienced users. It does however feature fingerprint authentication, which is cool, as well as BCH extraction. The lack of SegWit and complete absence of custom fee's is a problem though, especially since fees have gone up during the recent BTC spike. With only 2 fee options to choose from I simply can not recommend this wallet to people who are looking to make frequent transactions.

GreenAddress

When I first started with Greenaddress I didn't like the UI, I found it a bit clumsy. So definitely not user-friendly for a beginner. On the plus side it allows a choice of 2FA settings. Furthermore it has SegWit enabled and it has some advanced features like nLockTime transactions and it offers a service for instant transactions. This all feels very Lightning Network-y, which makes sense as GreenAddress is a part of Blockstream. Our friends in the other sub will most likely have something to say about this. I'll refrain from this and just say the following: this is an advanced wallet with promising features. If they clean up their UI a bit I could see myself using this without hesitation. The fact that they have MultiSig is a big plus as most mobile wallets do not have this functionality.

AirBitz

Unlike any other wallet I fired up at that point, this app did not prompt me with a 12- or 24-word seed. Instead it made me make an account, the regular username/password combo. After some research I found that these are not stored in a local database on their end. Which means that recovering your password in case of loss like with every other username/password login method we are so used to, is not possible. It is merely a different representation of an encryption key, allowing you access to your private keys. It features some interesting stuff though, NFC-compliant transactions and Bluetooth Low Energy (BLE) for example. Clearly this app is meant to be a bridge between users and merchants and has focus on making regular in-person transactions. Thus it mimics some non-crypto related payment apps that we have. Personally, I am not a fan, but I can appreciate the design philosophy and I would't be surprised if their design model worked very well in the future with the LN or with other crypto's that focus on small payments. As for the UI, it's fairly simple, yet horribly cluttered with partnered services. Good for non-techies maybe, but not for more experienced crypto-enthusiasts.

Electrum

Much like the desktop wallet I used years ago when I first started with Bitcoin, the mobile wallet is minimal. Straightforward and without fancy colors or UI. For those of us who have known the internet before Facebook, this app will feel strangely familiar. This is a classic example of a no-nonsense wallet with the features that really matter. SegWit and MultiSig enabled. A further lack of advanced options might be a turn-off for some users out there though. I did however find the option to spend coins from unconfirmed transactions. This could be very useful in case you want to cancel out a previously stuck or erroneous transaction and ensure it's never cleared. One downside to this wallet is the very primitive way of setting a custom fee. No guidelines, scrollwheel or info. Just a simple box in which to put your fee which won't help intermediate users, only experienced users.
Edit: sidenote on the SegWit implementation by Electrum http://www.crypto-economy.net/electrum-3-0-enables-bech32-segwit-addresses/?lang=en

CoPay

Of all the apps I've tried up to this point, CoPay had the best initializing phase, succinctly explaining risk and security. I can not imagine a better intro to a wallet for a first time bitcoiner. It being of a product of BitPay, of which I am personally not a fan, I have to admit though. This app looks clean, feels fast and is easy to use. It successfully demystified MultiSig functionality in its UI and partnered services are not obtrusive in the design. Downsides are lack of fee setting possibilities and SegWit. The latter I really do not understand given their main core of business. If it wasn't for those last two points, I would not see why not to recommend this wallet.

ArcBit

This app dissapointed me a bit. It starts out of the box, not mentioning any backup seeds or tutorial on the wallet itself or Bitcoin. It has no SegWit, no MultiSig, a lack of features and whilst a backup seed can still be requested from the settings, I feel it is of the utmost importance that such a security measure is not quickly overlooked. The lack of fee management tops it off. While this wallet works just fine and looks just fine, there are too many alternatives out there with better options and functionality for me to ever advise anyone to use this wallet.

CoinSpace

CoinSpace is one of those apps that could be really cool, but completely missed the boat on some other design choices. In-app ads unless you pay 1.6$ or something. Settings hidden behind a CoinSpace login screen. It features multiple tokens though with built in conversion through ShapeShift, which could have been awesome. But the excessive ads are just a big no-no. Lack of SegWit and limited fee options make this one of the least interesting wallets out there.

Simple Bitcoin Wallet

Simple Bitcoin is a very basic, barebone wallet. Feels like a one-man project. Almost no settings possible at all. There's much better out there.

Bither

I oddly liked Bither because of its design that reminded me of websites from the 2005-ish era using lots of gradients. Its one of those apps that you either like or you don't. The UI is not bad, but could be better, there's some functionality hidden in the settings, but not enough to satisfy. One very useful feature is built in BCH and BCG extraction. This is the first app I encountered with built in Bitcoin Gold access. It also has a separate tab with just market price information, which is really useful for the price ticker addicts among us. Furthermore it features Cold/Hot Storage View which allows you to monitor cold storage and with a nice graph shows you the distribution between Hot and Cold. Cool stuff. I would suggest to check it out, I'm sure some people will like and some won't. Do note, no SegWit. I would personally use this as a view-wallet only. Not as a spending wallet.

GreenBits

GreenBits is like the light version of GreenAddress. I tried looking for why one team would make 2 wallets but could not find a definitive answer asides from GreenBits being Android-native. And while some resources state MultiSig functionality and Tor through Orbot, I couldn't find those in this app. It does however sport SegWit and custom fees like GreenAddress. On the UI front I feel much more comfortable with this app though and I could see it being better received by average users. Looks like a good spending wallet without much extra.

Jaxx

Jaxx is a rather large wallet that supports many many many different coins with built in ShapeShift functionality. It did suffer from a hack earlier this year which is why this wallet has been discredited. I would however suggest looking into this one if you are invested in multiple different coins and regularly swap between them to get some financial edge. Lack of SegWit and fee options don't make this an ideal app for Bitcoin-only users.

Xapo

Xapo, known for its cold storage solutions was one of the apps I was eager to check out. Upon starting I however first had to verify through a text message, giving up my phone number, after which I was greeted by a 'Continue with Facebook or email' - screen. Upon choosing email, I was further asked to give up personal information. Nothing personal against these types of business models, but this is not what I am looking for in a mobile wallet. Centralization of personal information is quite in contrast with the decentralized and pseudonymous qualities of cryptocurrencies. This being the 13th wallet I've fired up tonight, I decided to give this one a pass.

Coinomi

Coinomi is very similar to Jaxx in the way that it supports a crapload of different currencies and in-app conversions between different tokens through ShapeShift and additionally Changelly. It does look quite a bit more straightforward though. A good alternative to Jaxx for those multicrypto traders among us. Unfortunately yet again not the best for straight Bitcoiners due to lack of SegWit. It has custom fees though, but much like Electrum, there's no real help here and it's just a manual input.

Mycelium

Mycelium has been my wallet app for a couple years now. Unfortunately the delay in SegWit adoption has me looking elsewhere and in succession writing this article. I really liked the recent addition of the fee scrollwheel, which is still the most detailed and succesful implementation of custom fees in any app I've seen. Having tried out many other apps at this point I can now see Mycelium, while not particulary user-unfriendly, could still very much improve its UI. It is however not a bad wallet, never crashed on me, always ran smooth through multiple updates. But let's not get sentimental here, it's a solid app, but its time for me and maybe you as well to try out something different ;-)

Conclusion

In this excruciatingly long article I've ran through a couple different wallet apps. One thing to learn is that not a single one of these is perfect and there's still room for improvement on many fronts. Which wallet holds your preference today depends largely on what you are looking for in a wallet. Do you want the cheapest transactions, then go for one of the SegWit enabled wallets. Do you like cool functionality, then check out Bither. Is anonymity of a concern to you then Samourai looks like the clear winner. More into multiple coins at once, then Coinomi or Jaxx is the way to go. And this is mobile wallets only, you have your desktop wallets, hardware wallets, cold storage solutions, paper wallets. But I'm all out of ink tonight!
I can't give you specific advice. In this world of cryptocurrencies we are in control of our own money. Being in control of your own money means being responsible for its security too. So make your own decision and due diligence.
Edit: Thanks everyone for the awesome responses. I've had some requests to further mention some important information regarding the wallets. I will write these down here as a memo to myself in the future, at which point I will review the state of mobile apps in greater detail once again. - Open Source or not - iOS version or not - Adding iOS only wallet apps
submitted by Zyntra to Bitcoin [link] [comments]

r/Bitcoin recap - October 2018

Hi Bitcoiners!
I’m back with the 22nd monthly Bitcoin news recap. I Hope you like the new, categorized format!
For those unfamiliar, each day I pick out the most popularelevant/interesting stories in Bitcoin and save them. At the end of the month I release them in one batch, to give you a quick (but not necessarily the best) overview of what happened in bitcoin over the past month.
You can see recaps of the previous months on Bitcoinsnippets.com
A recap of Bitcoin in October 2018
Adoption
SegWit adoption rises to over 50% (4 Oct)
A large bus company in Europe accepts bitcoin (4 Oct)
A holiday home in Germany accepts bitcoin (4 Oct)
A coffee shop in Bern, Switzerland accepts Lightning Network payments (5 Oct)
A shop at Brisbane airport accepts bitcoin (7 Oct)
An exchange in Latin America adds Lightning Network payments (12 Oct)
Some Venezuelans have turned to cryptocurrency and gaming currencies to make money (13 Oct)
Mycelium wallet will finally support SegWit (16 Oct)
Australia Post helps Bitcoin adoption through its digital identity service (24 Oct)
Blockchain.com still hasn’t implemented SegWit 1.5 years after their promise (25 Oct)
The Lightning network is now at 12500 open channels (26 Oct)
A bar in Mexico City accepts bitcoin payments (28 Oct)
Development
A BTCPay server can now be deployed in 1 minute (2 Oct)
Bitcoin Core 0.17.0 is now available for download (3 Oct)
Electrum will get a Lightning Network integration (3 Oct)
Scaling Bitcoin Tokyo slides and presentations (5 Oct)
People discuss building on the Lightning Network at an upcoming event (11 Oct)
A Lightning Network-powered E-bike (14 Oct)
Bulletproofs were implemented in Monero resulting in a huge boost in scalability (20 Oct)
Watchtowers were merged into LND (25 Oct)
Wasabi Wallet 1.0 is released! (31 Oct)
Security
A discussion on “out of the box” Bitcoin nodes (20 Oct)
A warning about a “dusting attack” on wallets to deanonymise people (25 Oct)
Mining
By 2032 99% of all bitcoins will have been mined (6 Oct)
Bitmain’s new firmware is causing problems (22 Oct)
Antpool stops including transactions that use SegWit (29 Oct)
Business
The inventor of the World Wide Web launches a platform to redecentralize the Internet (1 Oct)
Coinbase added 5M users in ~6 months (3 Oct)
Yale University will reportedly invest $400M in a cryptocurrency fund (7 Oct)
An interview with the CEO of Bitrefill on their Lightning Network experiences (9 Oct)
The Liquid Network is officially launched as a Bitcoin sidechain (10 Oct)
Fidelity launches a digital asset service (15 Oct)
Goldman Sachs plans to use Bakkt’s cryptocurrency custody service (18 Oct)
Ledger reveals it sold 1.3M hardware wallets (18 Oct)
Goldman Sachs invests in cold storage solution provider BitGo (18 Oct)
Shapeshift’s KYC is now in place (19 Oct)
Coinbase and Circle announce the USDC stable coin (23 Oct)
An investigation finds that some crypto media outlets don’t disclose paid promotional content (25 Oct)
Research
A high-resolution Lightning Network overview (2 Oct)
Education
A guide on how to accept bitcoin using BTCPay server (14 Oct)
An explainer of Neutrino for the Lightning Network (17 Oct)
Bitcoin is the invention of digital scarcity (28 Oct)
10 years ago Satoshi Nakamoto published the Bitcoin Whitepaper to a mailing list (31 Oct)
Regulation & Politics
Scalability discussion at a Senate hearing in the US (12 Oct)
Japan grants cryptocurrency industry self-regulatory status (24 Oct)
Chinese court says it is legal to own and transfer bitcoin (26 Oct)
China’s merchants are legally allowed to accept bitcoin (27 Oct)
A US Presidential candidate wants to exempt cryptocurrencies from capital gains tax (30 Oct)
Archeology (Financial Incumbents)
Anti-cryptocurrency propaganda promoted by American Express (16 Oct)
Many of the banks calling bitcoin a money laundering tool are caught money laundering themselves (19 Oct)
Mastercard files patent for bitcoin transactions on credit cards (26 Oct)
The Visa CEO says cryptocurrency is not a big threat but they will support it if needed (27 Oct)
Banks asking you for the reason for payments is why we need bitcoin (28 Oct)
Price & Trading
Analysis on the activity of ‘whales’ in the bitcoin market (10 Oct)
Bitcoin has been less volatile than Nasdaq, Dow and S&P 500 (24 Oct)
Fun & Other
People discuss the quality of some largely upvoted posts on Bitcoin (7 Oct)
People try to make clear that Bitcoin has no CEO (8 Oct)
An easter egg in the Bitcoin genesis block (12 Oct)
A bitcoin ATM operator gets money back from the police who confiscated it (13 Oct)
eToro creates a cryptocurrency ad with Game of Thrones star (17 Oct)
$194M was moved using bitcoin with a $0.1 fee (19 Oct)
Why Bitcoin and Cryptocurrency have no future (21 Oct)
Elon Musk’s Twitter gets blocked when talking about Bitcoin upon suspicion of being hacked (23 Oct)
Apple co-founder Steve Wozniak plans to travel somewhere using only bitcoin (26 Oct)
A Halloween gift with claimable bitcoin (29 Oct)
Someone gifts $20 of Bitcoin to Janet Yellen’s public email after she makes negative statements on stage (30 Oct)
Bitcoin receives a lot of bad press based on a poorly researched report (30 Oct)
See you all next month! ✌️ Try to do something good for Bitcoin!
submitted by SamWouters to Bitcoin [link] [comments]

Top 10 Best Cryptocurrency Wallets for 2019 (Re-Post)

Top 10 Best Cryptocurrency Wallets for 2019 (Re-Post)
https://preview.redd.it/g0j3lqvymxi31.png?width=1500&format=png&auto=webp&s=f1024902cc5c9ad6f0417a419d0c1b4e75c2c13f
You've asked for a list to find the Best Cryptocurrency Wallet, We've delivered! Bitcoin prices have been rising throughout 2019, and have now hit over $10,000! Pair that with newer cryptocurrencies such as ether along with an increasing acceptance of blockchain tech plus media and government coverage, cryptocurrency wallets are needed now more than ever. Whether you are looking for the best cryptocurrency wallets, Bitcoin wallet or the best Ethereum wallet, we've got you covered.
These best cryptocurrency wallets, best Bitcoin wallets, and best Ethereum wallets have proven to be crowd-pleasers, and each comes with its own array of pros and cons that are mostly dependent on user preference:

1. Ledger Nano S (Best Ethereum Wallet)

The Ledger Nano S is a cryptocurrency multi-asset hardware wallet that looks like a folding flash drive. It can store Bitcoin, Ethereum, and other Altcoins. The Ledger Nano S connects via a USB cable and requires interaction with the device to confirm transactions. Ledger’s Nano S is also U2F authentication compliant for use with other services and can run multiple apps. The Ledger Nano is safe, relatively inexpensive, malware proof and cannot be hacked. For those reasons, we think it is one of the best cryptocurrency wallets. See #6 for the Nano's beefed up brother, the Ledger Blue!
Ledger Nano S is available in saffron yellow, flamingo pink, jade green, lagoon blue, and black.
According to Ledger, these are in stock and shipping.
Cost: $59
Buy Direct Here > www.LedgerWallet.com

2. Coinbase (Best Bitcoin Wallet)

CB is an established and dedicated cryptocurrency exchange, a Bitcoin, and Ethereum wallet, and is supported in more than 30 countries. They have helped over 10 million users transact more than $20 billion in cryptocurrency exchanges and is the industry leader for cryptocurrency exchange. They have a great user interface that is easy to use.
Free to sign up but they do charge a minimal transaction fee depending on the size of the transaction. Simply sign up, connect your bank account or credit card, then buy your cryptocurrency. You will need to verify your identity by providing 1 or multiple pieces of identity, depending on how much you buy. Once you've purchased your Bitcoin, You can easily transfer it to your “vault” for better protection. It may take several days to receive the first Bitcoins you purchase. Be sure to turn on 2-factor authentication for additional protection to your account, you can download this on any cell phone using Google Authenticator or Authy.
Sign Up Here > www.Coinbase.com

3. Ledger BLUE

The “Rolls Royce of hardware wallets! It is by far the most advanced hardware security gear on the market. Comes with a color large touchscreen, Bluetooth, and a rechargeable battery. Lightweight for easy transportation and storage. Works with multi currencies and extensible with other apps. Ledger offers enterprise-level security. If it wasn't for the high price point, Ledger would get our vote for the top 5 best cryptocurrency wallets.
Shipping: Available for Preorder, According to Ledger this will ship in late September 2017.
Cost: 229.00€ or roughly $270 USD.
Buy Direct Here > www.LedgerWallet.com

4. KeepKey

KeepKey is a simple hardware wallet that secures Bitcoin, Ethereum, Litecoin, Dogecoin dash, and Namecoin. Your assets are protected from hackers and thieves. They claim to be virus and malware proof because it does not have an operating system like your phone or computer. The firmware is 100% open source and works on PC, Mac, Linux, and Android. You can make modifications to their firmware or create your own, then run it. Keep Key has a great digital display and comes in a very appealing anodized aluminum and black polycarbonate case. They offer a 1-year limited warranty.
As of 8/29/2017, These are finally back in stock!
Cost: $99 USD.
Buy Direct Here > www.KeepKey.com

5. TREZOR

TREZOR is an industry-leading hardware multi-cryptocurrency wallet. They were the original hardware wallet and claim to be the most secure. These are quick to setup and easy to use. They offer a Google Chrome extension that communicates with your hardware. TREZOR combines an easy setup with a small, durable token for authenticating and storing cryptocurrency. The token can also act as a security key for the new U2F authentication process.
These are available in black and white colors.
Customers tell us these are shipping 4 days after the order is placed.
Cost: 89. € or roughly $10 USD. They also offer a “Multipack that contains 3 Trezors and gives you a 22€ discount.
Buy Direct Here > www.Trezor.io

6. StrongCoin

StrongCoin one of the best cryptocurrency wallets. They are a hybrid wallet allows you to send and receive Bitcoins just like any other wallet. However, the Bitcoin private key which is required to send money is encrypted in your browser before it reaches their servers. They can never hold your bitcoins ransom because you are able to download your entire account as a PDF. You can purchase bitcoins directly to your StrongCoin wallet so they are never at risk of theft on an exchange. StrongCoin is the longest running Bitcoin wallet. 110,000 users have signed up and it appears to be a very well known and widely used company. Their wallets are free to create but they do charge a small transaction fee depending on the amount of Bitcoin.
Sign Up Here > www.StrongCoin.com

7. Exodus

If this page were titled The Best Designed Cryptocurrency Wallet and not Best Cryptocurrency Wallets, Exodus would be the clear winner. Exodus is the first desktop software wallet to have ShapeShift built into the interface in order to allow for rapid conversion between various altcoins and cryptocurrencies. Beyond having ShapeShift integration, Exodus is a multi-asset wallet and lets you store your private keys in one application with a customizable user interface. You have full control over your encrypted private keys, they have beautiful live charts and you can customize the look and feel of their interface. They offer 24/7 support via their help desk or email which makes communication nice for late night projects. They also offer a Slack channel for communication with other users. Exodus is available for Windows, Mac, and Linux. This software is free to download.

8. Jaxx – Ice Cube

Jaxx established their brand by allowing for cross-platform support with their crypto wallet. They have added integration support for ShapeShift and gives users a multi-currency wallet that they hold the private keys for. Jaxx announced the “Ice Cube” which is a hardware wallet with a camera and cellular chip for broadcasting transactions that never connects to the internet. The Ice Cube is water and fire resistant. This company is small and can also be stored in a safe or safety deposit box for security. Jaxx has a beautiful user interface and visible code, you can tell they have designed this product for the amateur as well as the most experienced Crypto enthusiast.

9. Mycelium

Granted the prestigious “Best Mobile App” award by Blockchain.info in 2014, the wallet provides the ability to send and receive bitcoins whilst benefiting from bank-grade security. Mycelium is an Android-based multi-asset cryptocurrency wallet that has been tested by hundreds of thousands of users. At the time of writing this, they had the most stars on Google Play. They are in the midst of integrating with a variety of third-party service providers to bring new and emerging applications into a realm of usefulness that can only be achieved with native functionality and a high degree of user trust. They currently integrate with Cashila, Glidera, Coinapult, Trezor, and Ledger. Mycelium also has hardware wallets and is working to further the development of decentralized applications (DApps). They are constantly upgrading this software. They are working on a personal finance tool to pay your bills and manage your finances and investments. This is the best Ethereum wallet and the best Bitcoin Wallet.

10. Electrum

Electrum was created by Thomas Voegtlin in November 2011, as a result, various developers have contributed to its source code. A software wallet that was designed to give users the freedom to manage their funds and private keys in a secure manner. Electrum allows you to store your private keys offline and integrates with some hardware wallets like TREZOR or Ledger products. Electrum utilizes decentralized servers to ensure minimal to no downtime.

Different Types of Cryptocurrency Wallets:

What is a Cryptocurrency Hardware Wallet?

These cryptocurrency Wallets store your information offline so it cannot be hacked. While it is more expensive than most other wallets, It can be a great investment. A lot of people buy 2-4 hardware wallets to spread the risk of losing one. We recommend storing this in a safety deposit box at your bank or in a very safe and secure place in your home. The downside of these wallets is losing your wallet, be careful! For security, we think these are the best cryptocurrency wallets available.

What is a Cryptocurrency Web Wallet?

These are the easiest wallets to use and the most convenient. Most websites will allow for 2-factor authentication through Google, text message, or Authy. This adds a great layer of protection. We have heard of very few cases where these accounts were hacked individually but we have heard of entire exchanges getting hacked which results in stolen bitcoins. We always keep some of our Bitcoin, Litecoin, Ethereum and other Altcoins in web-based crypto wallets so we can easily day trade and move funds around.

What is a Cryptocurrency Desktop Wallet?

These are great wallets for storing cryptocurrency. You don't have the concern of losing your wallet like a hardware cryptocurrency wallets. You don't have the concern of getting hacked like web-based cryptocurrency wallets. These desktop wallets are generally free or low cost. You are however at risk of losing your wallet if your computer fails or is lost or stolen. If you want to make sure you don't lose these wallets, we suggest printing them on a durable material like foam board printing. These can make for the best bitcoin wallet and also the best Etereum wallet.

What is a Cryptocurrency Mobile Wallet?

Both Apple and Android offer mobile app based cryptocurrency wallets. These are great because you can use them on the go and on the fly. We have read several reports on Reddit about fraudulent apps that steal your bitcoin wallet and all of its contents so please be sure to use a well known Mobile crypto wallet.

Link to original blog post: https://www.disruptordaily.com/top-10-best-cryptocurrency-wallets-for-2017/
submitted by Tokenberry to NewbieZone [link] [comments]

/r/Bitcoin FAQ - Newcomers please read

Welcome to the /Bitcoin Sticky FAQ

You've probably been hearing a lot about Bitcoin recently and are wondering what's the big deal? Most of your questions should be answered by the resources below but if you have additional questions feel free to ask them in the comments.
The following videos are a good starting point for understanding how bitcoin works and a little about its long term potential:
For lots of additional video resources check out the videos wiki page or /BitcoinTV.
Key properties of bitcoin
Additional Bitcoin statistics can be found here. Developer resources can be found here and here. Peer-reviewed research papers can be found here and here. And of course, the whitepaper that started it all :)

Where can I buy bitcoins?

You can buy or sell any amount of bitcoin and there are several easy methods to purchase bitcoin with cash, credit card or bank transfer. Some of the more popular resources are below, more can be found here.
Here is a listing of local ATMs. Also, Lawnmower is also a handy way to make small recurring purchases of bitcoin. If you would like your paycheck auotmatically converted to bitcoin use Cashila or Bitwage.
Note: Bitcoins are valued at whatever market price people are willing to pay for them in balancing act of supply vs demand. Unlike traditional markets, bitcoin markets operate 24 hours per day, 365 days per year. Here are a couple useful sites (bitkoin.io, preev.com) that shows how much various denominations of bitcoin are worth in different currencies. Alternatively you can just Google "1 bitcoin in (your local currency)".

Securing your bitcoins

With bitcoin you can "be your own bank" and personally secure your bitcoins OR you can use third party companies aka "bitcoin banks" which will hold the bitcoins for you.
Note: For increased security, use Two Factor Authentication (2FA) everywhere it is offered, including email!
2FA requires a second confirmation code to access your account, usually from a text message or app, making it much harder for thieves to gain access. Google Authenticator and Authy are the two most popular 2FA services, download links are below. Make sure you create backups of your 2FA codes.
Google Auth Authy
Android Android
iOS iOS

Where can I spend bitcoins?

Comprehensive lists can be found at the Trade FAQ or The Bitcoin Directory, some more commons ones are below.
Store Product
Steam, Disco Melee, HumbleBundle, GreenmanGaming, and Coinplay.io For when you need to get your game on
Microsoft Xbox games, phone apps and software
Spendabit, The Bitcoin Shop, Overstock, Rakuten, DuoSearch and BazaarBay Retail shopping with millions of results
Gyft Gift cards for hundreds of retailers including Amazon, Target, Walmart, Starbucks, Whole Foods, CVS, Lowes, Home Depot, iTunes, Best Buy, Sears, Kohls, eBay, GameStop, etc.
NewEgg, TigerDirect and Dell For all your electronic needs
Cashila, Bitwa.la, Coinbills, Piixpay, Bitbill.eu, Bylls, Coins.ph, Bitrefill, Pey.de, LRoS, Wagepoint, Hyphen.to Bill payment
Foodler and Takeaway Takeout delivered to your door!
Expedia, Cheapair, Lot, Destinia, BTCTrip, Abitsky, SkyTours, Fluege and 9flats For when you need to get away
BoltVM VPS service
Cryptostorm, Mullvad, and PIA VPN services
Namecheap For new domain name registration
Stampnik and GetUSPS Discounted USPS Priority, Express, First-Class mail postage
Reddit Gold Premium membership which can be gifted to others
Coinmap and AirBitz are helpful to find local businesses accepting bitcoins. A good resource for UK residents is at wheretospendbitcoins.co.uk.
There are also lots of charities which accept bitcoin donations, such as Wikipedia, Red Cross, Amnesty International, United Way, ACLU and the EFF. You can find a longer list here.

Merchant Resources

There are several benefits to accepting bitcoin as a payment option if you are a merchant;
If you are interested in accepting bitcoin as a payment method, there are several options available;

Can I mine bitcoin?

Mining bitcoins can be a fun learning experience, but be aware that you will most likely operate at a loss. Newcomers are often advised to stay away from mining unless they are only interested in it as a hobby similar to folding at home. If you want to learn more about mining you can read more here. Still have mining questions? The crew at /BitcoinMining would be happy to help you out.
If you want to contribute to the bitcoin network by hosting the blockchain and propagating transactions you can run a full node using this setup guide. You can view the global node distribution here.

Earning bitcoins

Just like any other form of money, you can also earn bitcoins by being paid to do a job.
You can also earn bitcoins by participating as a market maker to allow users to perform CoinJoin transactions with your bitcoins for a small fee (requires you to already have some bitcoins)

Bitcoin Projects

The following is a short list of ongoing projects that might be worth taking a look at if you are interested in current development in the bitcoin space.
Project Description
Lightning Network, Amiko Pay, and Strawpay Payment channels for network scaling
Blockstream and Drivechain Sidechains
21, Inc. Open source library for the machine payable web
ShapeShift.io Trade between bitcoins and altcoins easily
Open Transactions, Counterparty, Omni, Open Assets, Symbiont and Chain Financial asset platforms
Hivemind and Augur Prediction markets
Mirror Smart contracts
Mediachain Decentralized media library
Tierion and Factom Records & Titles on the blockchain
BitMarkets, DropZone, Beaver and Open Bazaar Decentralized markets
Samourai and Dark Wallet - abandoned Privacy-enhancing wallets
JoinMarket CoinJoin implementation (Increase privacy and/or Earn interest on bitcoin holdings)
Coinffeine and Bitsquare Decentralized bitcoin exchanges
Keybase and Bitrated Identity & Reputation management
Bitmesh and Telehash Mesh networking
JoyStream BitTorrent client with paid seeding
MORPHiS Decentralized, encrypted internet
Storj and Sia Decentralized file storage
Streamium and Faradam Pay in real time for on-demand services
Abra Global P2P money transmitter network
bitSIM PIN secure hardware token between SIM & Phone
Identifi Decentralized address book w/ ratings system
Coinometrics Institutional-level Bitcoin Data & Research
Blocktrail and BitGo Multisig bitcoin API
Bitcore Open source Bitcoin javascript library
Insight Open source blockchain API
Leet Kill your friends and take their money ;)

Tipping

Use ChangeTip.com (/changetip) for tipping people on Facebook, Reddit, Twitter, YouTube, Tumblr, Google+, GitHub, Slack and more! (you can even use custom monikers to tailor your tip to the discussion or add a bit of humor). Read more about ChangeTip at their reddit wiki.

Bitcoin Units

One Bitcoin is quite large (hundreds of £/$/€) so people often deal in smaller units. The most common subunits are listed below:
Unit Symbol Value Info
millibitcoin mBTC 1,000 per bitcoin SI unit for milli i.e. millilitre (mL) or millimetre (mm)
microbitcoin μBTC 1,000,000 per bitcoin SI unit for micro i.e microlitre (μL) or micrometre (μm)
bit bit 1,000,000 per bitcoin Colloquial "slang" term for microbitcoin
satoshi sat 100,000,000 per bitcoin Smallest unit in bitcoin, named after the inventor
For example, assuming an arbitrary exchange rate of $500 for one Bitcoin, a $10 meal would equal:
For more information check out the Bitcoin units wiki.
Still have questions? Feel free to ask in the comments below or stick around for our weekly Mentor Monday thread. If you decide to post a question in /Bitcoin, please use the search bar to see if it has been answered before, and remember to follow the community rules outlined on the sidebar to receive a better response. The mods are busy helping manage our community so please do not message them unless you notice problems with the functionality of the subreddit. A complete list of bitcoin related subreddits can be found here
Note: This is a community created FAQ. If you notice anything missing from the FAQ or that requires clarification you can edit it here and it will be included in the next revision pending approval.
Welcome to the Bitcoin community and the new decentralized economy!
submitted by BinaryResult to Bitcoin [link] [comments]

Paper Wallet generator by Mycelium Entropy, Demo - Safest way to store your Bitcoin How to Setup Mycelium Bitcoin Android Wallet To Store ... Mycelium HD Wallet (Android) Integrating my KeepKey hardware Bitcoin wallet with Mycelium for Android Mycelium- bitcoin wallet שימוש בארנק ביטקוין

Diese sind allerdings nicht so sicher, wie die Hardware-Wallets. Wir raten Ihnen deshalb dazu niemals einen allzu großen Betrag dort zwischenzulagern, damit Sie falls Sie ihr Wallet verlieren sollten, keinen zu großen Verlust machen. Es gibt natürlich verschiedene Hot-Wallets für iOS, aber eins sticht für uns heraus, nämlich das Mycelium Bitcoin-Wallet. Diese App ist einfach und kann ... The Trezor Bitcoin hardware wallet pioneered the era of hardware wallets. Created by SatoshiLabs, it is the world’s first secure Bitcoin hardware wallet.. It looks like a small calculator with an OLED screen. Randomly generated nine digit pins and a 24-word recovery seed key ensures security in case the device is lost or damaged. Bitcoin payment processor: everyone can accept BTC payments online privately and securely with initial setup lasting mere minutes. VISIT WEBSITE. CARD. NETWORK. The most ambitious of Mycelium technologies, the Card network replaces heavily infrastructure dependent global payment networks with a light weight smart card & hub system which needs only a basic internet connection. With scale, Card ... The Default Bitcoin Wallet. TESTED BY HUNDREDS OF THOUSANDS OF USERS FOR MANY YEARS. No ALTERNATIVE HAS MORE STARS ON GOOGLE PLAY. Expect A Massive Upgrade. Mycelium Wallet is great for bitcoiners. We will make it useful for everybody. Not Leaving Mankind Overboard. Bitcoiners know: no matter how hard banks try, a good wallet is still better than any e-banking app. We feel we should invite the ... Die TREZOR Model-T ist eine Bitcoin-/Krypto-Hardware-Wallet der zweiten Generation, die von SatoshiLabs produziert wird. Die TREZOR-Linie wurde 2014 mit der TREZOR One eingeführt und ist bis heute eine der beliebtesten Cold-Storage-Lösungen für Kryptowährungen. Kaufen Mehr erfahren. TREZOR One Kaufen Mehr erfahren. TREZOR wurde im August 2014 als die erste Bitcoin-Hardware-Wallet ...

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Paper Wallet generator by Mycelium Entropy, Demo - Safest way to store your Bitcoin

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