Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: pakhitheboss on March 05, 2024, 01:47:13 PM
-
Lately, I have been using the Electrum mobile wallet which according to me is a pain. It does not show the correct price of Bitcoin some time and it has a clumsy user interface. I still like the desktop version but in the current scenario where most of the financial transactions are done using a mobile, I am looking for a good Bitcoin mobile wallet. Before Electrum I was using the Mycelium wallet which I was happy with until they started spamming my phone with their advertisement notification and adding Ethereum blockchain. I mean where did the exclusivity for Bitcoin go for those who developed it?
Please suggest an exclusive Bitcoin wallet for mobile devices that can also work as an LN wallet. Thanks in advance!
-
Am using Exodus for couple of years nowmate and face no issues but the swapping fee is actually
higher that other platform but the safer is what I am looking so I stick to Exodus.
and I also have SafePal wallet and Abra , indeed they are also good to use so why are you asking about wallets?
if you are looking for Lightning Network supported then try those mate.
-
Right now, I am not using a Bitcoin exclusive wallet since I am just into TrustWallet. I have been with this wallet since I can remember...during the popularity of ICOs after I jumped from MyEtherWallet which is not so innovative according to my own experience. TW is a multi-chain and is supporting Segwit/Bech32 so it is the one I am using for my signature bounty. Since I am planning to convert my little stock of BTC into cash before the end of the month, I am more satisfied with what I am getting with TrustWallet so far.
-
(https://www.talkimg.com/images/2024/03/14/JuPlN.jpeg)
You can use bitcoin wallet, I will tell you about two wallets. I am very familiar with these two wallets Bitcoin wallet or Electrum wallet which are very popular. And more secure you can familiarize yourself by using it and depositing Bitcoin for a long time will definitely be more secure.
-
Lately, I have been using the Electrum mobile wallet which according to me is a pain. It does not show the correct price of Bitcoin some time and it has a clumsy user interface.
Electrum wallet is one of the best to use because of the high security it has and how you can generate multiple addresses from the wallet plus the multisig nature it possess, but i don't expect something like that to be that interesting on the aspect of user interface, some newbies even don't easily get the use of electrum wallet as that simple, instead somehow complicated to them, i also uses electrum and don't think there's any i could like as such, all you need is to always update to this latest version for more features.
I still like the desktop version but in the current scenario where most of the financial transactions are done using a mobile,
In my own case, i think i prefer the mobile version to that of the desktop version, just that there are some features that the desktop version has in which the mobile version doesn't
-
What are your criteria/s for choosing a Bitcoin wallet? A lot of people most likely check the features first before they use one.
As for my suggestion, you might want to try using the wallet I use, which is Exodus. If you plan to hold Bitcoin and other crypto, exodus is perfect for you. It also has an RBF feature, and you can enable custom fees. As far as I remember, I had a discussion in this forum about Exodus which is the same as this where he is asking for information or advice for a Bitcoin wallet. Exodus meets most of his criteria. However, what he does not like is Exodus is a closed-source wallet.
-
Please suggest an exclusive Bitcoin wallet for mobile devices that can also work as an LN wallet. Thanks in advance!
I would suggest BlueWallet. It also has better UI and open source. Although i'd also recommend you not to put lots of Bitcoin or other cryptocurrency on your phone, due to risk of getting stolen or hacked (since you also do your regular activity on it).
-
Am using Exodus for couple of years nowmate and face no issues but the swapping fee is actually
higher that other platform but the safer is what I am looking so I stick to Exodus.
Exodus wallet is close source. You should choose open source wallet to use.
You can check reviews on Exodus wallet.
https://walletscrutiny.com/
https://walletscrutiny.com/?platform=allPlatforms&page=0&query-string=exodus
if you are looking for Lightning Network supported then try those mate.
Pick Electrum wallet, it is available for Windows, Linux, Python, MacOS, and Android. It little bit inconvenience as it is not available for iOS.
Electrum wallet allows use you use Lightning Network too.
https://electrum.org/#download
Choose wallets with filter from.
https://bitcoin.org/en/choose-your-wallet
-
Been using up electrum since 2016 from Windows wallet until it does have that mobile app on which i could say that it do perfectly works. Yes, it might be having some inconveniences but
having that security and open source then i dont face up any issues even up to now. This is really just that talking about Bitcoin wallet
and also i do love that RBF thing specially if there would really be that some having that network congestion on which you could make that kind of adjustments of the fees.
-
You can try these lists of non-custodial wallets that supports lighning network I think they have both mobile and desktop so maybe you can try 'em one by one; Speed, Zap, Wallet of Satoshi, Muun, Breez Wallet, Zeus Wallet, Phoenix, Eclair Wallet and Blue Wallet. I personally haven't tried most of those wallets but I am currently using Blue Wallet for my small Bitcoin holdings and so far I haven't had any issues with it.
-
Am using Exodus for couple of years nowmate and face no issues but the swapping fee is actually
higher that other platform but the safer is what I am looking so I stick to Exodus.
Exodus wallet is close source. You should choose open source wallet to use.
You can check reviews on Exodus wallet.
https://walletscrutiny.com/
https://walletscrutiny.com/?platform=allPlatforms&page=0&query-string=exodus
if you are looking for Lightning Network supported then try those mate.
Pick Electrum wallet, it is available for Windows, Linux, Python, MacOS, and Android. It little bit inconvenience as it is not available for iOS.
Electrum wallet allows use you use Lightning Network too.
https://electrum.org/#download
Choose wallets with filter from.
https://bitcoin.org/en/choose-your-wallet
Exodus is quite user friendly to me but as you've said it deserve not to be trusted because normally of it's component were made opensourced " and this components seem to be part of what makes it stand out of other wallets .
Although, Exodus have it cons in term of their exchange , it's done through third parties which have recently been reported over scam accusations so I might want to avoid the Exchange if I were OP.
You can use blue wallet if you are more concerned with open sourced it's available for both android and Ios but it's a Bitcoin-only wallet
-
Lately, I have been using the Electrum mobile wallet which according to me is a pain. It does not show the correct price of Bitcoin some time and it has a clumsy user interface. I still like the desktop version but in the current scenario where most of the financial transactions are done using a mobile, I am looking for a good Bitcoin mobile wallet. Before Electrum I was using the Mycelium wallet which I was happy with until they started spamming my phone with their advertisement notification and adding Ethereum blockchain. I mean where did the exclusivity for Bitcoin go for those who developed it?
Please suggest an exclusive Bitcoin wallet for mobile devices that can also work as an LN wallet. Thanks in advance!
Well, I guess the electrum wallet is actually one of the most proven and tested for all of us. Then the bluewallet. I just don't know if you have tried it too. This is if we are only talking about bitcoin. Now, if there are other cryptocurrencies, Metamask is the one that I have used so far.
Electrum wallet is available on mobile and desktop, but like the others, the desktop is actually different. Although it's okay on mobile, in my situation, I only use the mobile apps on Electrum when I have a problem on the desktop, just like that.
-
You can use blue wallet if you are more concerned with open sourced it's available for both android and Ios but it's a Bitcoin-only wallet
This is an important point which is ignored or not known by newbies.
Bitcoin is a most valuable asset a cryptocurrency enthusiast can have, so don't connect it with other cryptocurrencies.
Use a Bitcoin-only wallet to store your bitcoins and make transactions with Bitcoin blockchain.
Use multiple/ all in one wallet to store your altcoins and interact with their smart contracts. If anything goes wrong with their wallets, smart contracts, you only lose your altcoins, not lose your bitcoins.
Be careful.
-
Electrum is a good wallet, and I don't know why you don't like it. You can try out Blue wallet for mobile, it is also a good wallet. I use both wallets to keep small coins for my daily transactions. However, you can try sparrow wallet but it only for desktop. Open source wallet should be our priority.
-
Leaving a good wallet just because it is not doing for what it is not made, is kind a not a good thing, I am not a regular user of Electrum but still, if you want to look at BTC's updated price then go for some exchange where you want to sell it, don't even see on CMC, or coingecko, or on trading view, because they don't show the exact price, instead, they show average price. If you want to be so precise in terms of BTC price then only check the rates on exchanges or places where you want to sell.
And talking about Mycelium's recommended notification, that is frustrating. You can block such notifications in the settings, once you go in the app setting, there you will see notifications and when you will expand that bar, you will see many types of notification option and one of them will be recommended notification, just block them this way you won't be missing any important like TX notifications. But to remain safe, I suggest to not do that. Still Electrum is in my favourite list even if I don't use it regularly.
-
I would suggest BlueWallet. It also has better UI and open source. Although i'd also recommend you not to put lots of Bitcoin or other cryptocurrency on your phone, due to risk of getting stolen or hacked (since you also do your regular activity on it).
I've been a user of Electrum for a long time (desktop & mobile), but since version 4+ they messed something up on the Android version when it comes to old wallets and adding new ones and spending funds from them. Therefore, I also started looking for an alternative for a mobile wallet and I agree that BlueWallet is a worthy replacement that should definitely be taken into account.
I have also tried Trust and Samourai Wallet and I can say that the latter is also interesting and worth trying, and in the end everyone chooses the wallet that suits them best.
-
I am using Aqua wallet (https://aquawallet.io/)
it is interesting that it supports Lightning Network as well, and you don't need to open a channel to use it.
It also allows some interesting use of USDT in Liquid (bitcoin side chain ).
If you want to try something different, this is a good wallet
-
I am currently using BlueWallet.
Back when I had an Android, I was using mycellium wallet. I downloaded it due to the fact that I could easily sign bitcoin messages with it, but I had to stop and transit to Bluewallet after discovering that it`s not possible to import your private key from the Android mycellium to the iOS version.
BlueWallet also gives you the opportunity to use the Lightning network.
-
I would never trust any mobile wallet with my coins. I understand that some people prefer it that way but I feel like my money is a lot better stored at my PC (or hardware wallet) because that feels like a lot better solution. I know that it may feel like its normal for people to have results that look good at mobile, like how many people were hacked at PC and how many at mobile, if you make that comparison, maybe mobile will look better, but that is mainly because PC is attacked more, and people use it wrong a lot more often. If you properly store it at some cold storage like hardware wallet, it would be very unlikely to lose it all.
-
Please suggest an exclusive Bitcoin wallet for mobile devices that can also work as an LN wallet. Thanks in advance!
I've used electrum wallet on mobile but I don't really like the look of it because I've only used it for a short time on mobile unless I'm on desktop and I'm still using Electrum.
Have you ever tried Bluewallet bitcoin wallet? Now for mobile it is more like Bluewallet than other mobile devices there is also an RBF feature you can also use the lightning network but I myself have never tried it for LN.
-
me too, I also used electrum bitcoin wallet in my mobile, It's useful.
But tryst wallet and safepal are good wallet too
-
@bitmover, It seems to be a very interesting wallet for those who are looking for a combination of using BTC, LN and stablecoins, and as far as I can see, it is said that options for buying BTC from various sources, loans and even a Visa debit card will be available.
On the one hand, that's good, but if it's not just an ordinary wallet, maybe it will all be a bit too much for some who are looking for simplicity without all those options offered by the standard CEX. When I say simplicity, I also mean privacy, because all these services that are offered (or will be available) will certainly require KYC.
-
On the one hand, that's good, but if it's not just an ordinary wallet, maybe it will all be a bit too much for some who are looking for simplicity without all those options offered by the standard CEX. When I say simplicity, I also mean privacy, because all these services that are offered (or will be available) will certainly require KYC.
For now, there is no KYC. Lets hope it stays that way!
Also, they said it will be possible to pay bills with btc. It will be amazing to pay my bills with lightning network without KYC
-
Lately, I have been using the Electrum mobile wallet which according to me is a pain. It does not show the correct price of Bitcoin some time and it has a clumsy user interface. I still like the desktop version but in the current scenario where most of the financial transactions are done using a mobile, I am looking for a good Bitcoin mobile wallet. Before Electrum I was using the Mycelium wallet which I was happy with until they started spamming my phone with their advertisement notification and adding Ethereum blockchain. I mean where did the exclusivity for Bitcoin go for those who developed it?
Please suggest an exclusive Bitcoin wallet for mobile devices that can also work as an LN wallet. Thanks in advance!
I'm also using the same wallet as you, I don't see any problem in it. The most important for me is the security which is good for me to use Electrum and I didn't experience any lost of fund or bugs in it. If your concern is that the price of Bitcoin not the same in the exchange, it is normal. There is a minor differences of Bitcoin's price in every exchanges. So, if you want the correct price, look just at the price of Bitcoin on the exchange from which you are withdrawing.
-
I have safepal but just to view an address. Not a fan of mobile crypto payment.
If you have a mobile wallet you can be a target for the five dollar wrench attack.
-
If you aren't against closed-source wallets then I suggest you to try Trust wallet on your smart phone. It's a good wallet with enough functionalities.
I'm personally a Electrum user but I use it on desktop and laptop not on smartphone or any other mobile device.
It's not safe to use any smartphone wallet but if you don't care much about privacy or weak points of a smartphone then you may try Trust wallet.
-
For now, there is no KYC. Lets hope it stays that way!
Also, they said it will be possible to pay bills with btc. It will be amazing to pay my bills with lightning network without KYC
I think that KYC cannot be avoided for services like buying BTC or Visa cards, unless the cards are only virtual. Paying bills directly with BTC with LN is something that would certainly be very useful to many, although it is possible without it with a combination of virtual cards and special apps in which such cards can be added.
However, the advantage of direct payment from the wallet is certainly that you convert BTC at the time of payment, and with virtual cards you sell a certain amount of BTC that is then on the card and you have to spend it sooner or later.
-
If you aren't against closed-source wallets then I suggest you to try Trust wallet on your smart phone. It's a good wallet with enough functionalities.
I'm personally a Electrum user but I use it on desktop and laptop not on smartphone or any other mobile device.
It's not safe to use any smartphone wallet but if you don't care much about privacy or weak points of a smartphone then you may try Trust wallet.
There are many other mobile wallets that are better than Trustwallet if they are not opposed to open or closed source.
I use many mobile wallets such as Safepal, Bitget, Okx Wallet, imToken, Unstopabble etc, and almost tried all mobile wallets.
Each wallet application has its own advantages and disadvantages, now I use Bitget Wallet more with the support of many chains and makes it easier to integrate with many chains to do several airdrop tasks and so on.
And electrum has been my Bitcoin wallet from the past until now.
It was the best Bitcoin wallet I used.
-
I think that KYC cannot be avoided for services like buying BTC or Visa cards, unless the cards are only virtual. Paying bills directly with BTC with LN is something that would certainly be very useful to many, although it is possible without it with a combination of virtual cards and special apps in which such cards can be added.
However, the advantage of direct payment from the wallet is certainly that you convert BTC at the time of payment, and with virtual cards you sell a certain amount of BTC that is then on the card and you have to spend it sooner or later.
There are several advantages by using KYC, you will know the source of the funds used to buy Bitcoin, but you need to know that Bitcoin was created to make transactions more anonymous and if KYC is done for all Bitcoin users then the main purpose of Bitcoin is no longer valid so will allow many people to know the identity of the owner of the Bitcoin Holder in the wallet used.
-
~snip~
Those ideas about clean and dirty BTC are completely meaningless, because you will hardly find a single satoshi that was not involved in some "suspicious" transaction, as well as the fact that most of the money we have in our wallets very likely has a history of bad transactions. Therefore, KYC is only one additional risk for anyone who does it, because these data can be hacked at any time or used inappropriately by those who have access to them. Anyone who has ever been a victim of identity theft knows what I'm talking about.
Furthermore, Bitcoin was never designed for anonymous transactions, nor is it actually anonymous - it was invented to be a decentralized means of payment without the mediation of third parties. The fact is that Bitcoin has succeeded in this, because you or I can make a transaction at any time to anyone, anywhere without having to ask permission from anyone.
-
Lately, I have been using the Electrum mobile wallet which according to me is a pain. It does not show the correct price of Bitcoin some time and it has a clumsy user interface. I still like the desktop version but in the current scenario where most of the financial transactions are done using a mobile, I am looking for a good Bitcoin mobile wallet. Before Electrum I was using the Mycelium wallet which I was happy with until they started spamming my phone with their advertisement notification and adding Ethereum blockchain. I mean where did the exclusivity for Bitcoin go for those who developed it?
Please suggest an exclusive Bitcoin wallet for mobile devices that can also work as an LN wallet. Thanks in advance!
I am a mobile user. I do all my work with mobile. Starting from Bitcoin wallet with mobile we do Bitcoin transactions through this mobile. But the wallet I use as my bitcoin wallet for my mobile is trust wallet. I use trust wallet with mobile and it works fine for me. Maybe many people don't like trust wallet here I say it's personal choice. But I am using another wallet I can suggest you to use that wallet exodus or blue wallet. You can use Exodus Wallet or Blue Wallet.
-
I am a mobile user. I do all my work with mobile. Starting from Bitcoin wallet with mobile we do Bitcoin transactions through this mobile. But the wallet I use as my bitcoin wallet for my mobile is trust wallet. I use trust wallet with mobile and it works fine for me. Maybe many people don't like trust wallet here I say it's personal choice. But I am using another wallet I can suggest you to use that wallet exodus or blue wallet. You can use Exodus Wallet or Blue Wallet.
Trustwallet and Exodus wallet are both close source. It means their codes are not revealed to public. There might be something going on underneath that the developers could know but the users do not know. Like spyware or backdoor. That is the reason close source wallet is not recommended. There are many bitcoin wallets that are open source like Electrum, Sparrow and Bluewallet. Also know that mobile wallet are online, cold wallets are more secure and better to be used for high amount of money.
-
The wallet I have used the most on mobile is BlueWallet... this wallet is quite easy and simpler for me to use for small transactions. The application is light and the features are compact...
LN? Of course you can, https://bluewallet.io/docs/create-lightning-wallet/
The most important thing for me is that this wallet supports the RBF feature because sometimes I don't want transactions to wait too long, so with this RBF feature I don't need to worry that the BTC I send will still be accelerated with a higher fee.
-
LN? Of course you can, https://bluewallet.io/docs/create-lightning-wallet/
But if you want to use Bluewallet for lightning network, you have to connect to your own node by providing your own node address. Bluewallet run channel which can be used to connect before but not anymore. Bluewallet is a good mobile wallet. It also has coin control and CPFP. Other good mobile wallet that I know are Electrum and Samourai. But one thing about Samourai is that you will need to set RBF, I think it is not set by default.
-
~snip~
But one thing about Samourai is that you will need to set RBF, I think it is not set by default.
I don't remember that I had to manually confirm RBF in that wallet - I know that in the settings there is a possibility to enable/disable this option, but somehow it seems to me that it is enabled by default.
For those who don't want to think too much when it comes to LN, I've read a lot of good things about the Phoenix Wallet - supposedly everything is automated to the point that no complicated actions are necessary.
-
I don't remember that I had to manually confirm RBF in that wallet - I know that in the settings there is a possibility to enable/disable this option, but somehow it seems to me that it is enabled by default.
I could remember that I made transaction on Samourai that did not support replace-by-fee. I had to later enable it. I have just downloaded it on another device just now and the RBF feature is disabled by default.
(https://talkimg.com/images/2024/03/19/JyUGc.jpeg)
For those who don't want to think too much when it comes to LN, I've read a lot of good things about the Phoenix Wallet - supposedly everything is automated to the point that no complicated actions are necessary.
Phoenix is good. Munn wallet is good. Wallet if Satoshi is good. There are other good ones like them. But those are for those that do not want to open their own channel. It makes it easy and less complicated. Making lightning network easy for newbies to access.
-
Lately, I have been using the Electrum mobile wallet which according to me is a pain. It does not show the correct price of Bitcoin some time and it has a clumsy user interface. I still like the desktop version but in the current scenario where most of the financial transactions are done using a mobile, I am looking for a good Bitcoin mobile wallet. Before Electrum I was using the Mycelium wallet which I was happy with until they started spamming my phone with their advertisement notification and adding Ethereum blockchain. I mean where did the exclusivity for Bitcoin go for those who developed it?
Please suggest an exclusive Bitcoin wallet for mobile devices that can also work as an LN wallet. Thanks in advance!
First of all I need to keep bitcoin exchange wallet most of the time for investing and trading but I am using electrum wallet as wallet to hold my btc for long time. I have some experience of using all other wallets but using Electrum wallet is much safer and more acceptable to me than all other wallets. I believe in the long term plan if I keep my bitcoins in Electrum wallet then my bitcoins will be safe in that wallet. Many people may use different mobile wallets it is their personal matter but I personally find Electrum wallet more secure.
-
Lately, I have been using the Electrum mobile wallet which according to me is a pain. It does not show the correct price of Bitcoin some time and it has a clumsy user interface. I still like the desktop version but in the current scenario where most of the financial transactions are done using a mobile, I am looking for a good Bitcoin mobile wallet. Before Electrum I was using the Mycelium wallet which I was happy with until they started spamming my phone with their advertisement notification and adding Ethereum blockchain. I mean where did the exclusivity for Bitcoin go for those who developed it?
Please suggest an exclusive Bitcoin wallet for mobile devices that can also work as an LN wallet. Thanks in advance!
First of all I need to keep bitcoin exchange wallet most of the time for investing and trading but I am using electrum wallet as wallet to hold my btc for long time. I have some experience of using all other wallets but using Electrum wallet is much safer and more acceptable to me than all other wallets. I believe in the long term plan if I keep my bitcoins in Electrum wallet then my bitcoins will be safe in that wallet. Many people may use different mobile wallets it is their personal matter but I personally find Electrum wallet more secure.
That is the best idea and decision to make, we should use exchanges as a temporary means of holding our asset only because we are trading it while the use of non custodial wallet could be the best means to hold our bitcoin for a long time, but many never know the reasons why all these are given, they thought there's is difference in using the two category, yet they never care the reasons behind why many looses their assets on exchanges.
-
The most important issue that comes up for Bitcoin holding is wallet selection. There are risks involved in storing Bitcoins if you don't choose a good and fully secure wallet. But nowadays there are facilities to install many popular wallets on computers or PCs as well as on Android apps. Although Electrum wallet did not have a mobile version in the past but now provides the facility of mobile version along with the desktop version. I am currently using Electrum wallet and it has many benefits and so far I have not experienced any hacking of this Electrum wallet.
-
I could remember that I made transaction on Samourai that did not support replace-by-fee. I had to later enable it. I have just downloaded it on another device just now and the RBF feature is disabled by default.
Thanks for the check, I really wasn't sure that this option was disabled after installing the wallet and I really wonder why that is - because for many who are not experienced, RBF can be of great help when the situation with mempool suddenly worsens and their transaction gets stuck. Maybe that wallet is more intended for those who are a little more experienced, who are still left to choose which option to use and which not to use.
Phoenix is good. Munn wallet is good. Wallet if Satoshi is good. There are other good ones like them. But those are for those that do not want to open their own channel. It makes it easy and less complicated. Making lightning network easy for newbies to access.
LN can succeed on a larger scale only if it is reduced to something very simple, as these wallets do - otherwise it is difficult to expect that someone who has problems with ordinary wallets can understand how to open a channel and make an LN transaction.
-
Support lightening network? I don't have any ideas which one the mobile bitcoin wallet with this feature, right now I used only trustwallet but most of my assets holding in exchange wallet although some people think too risk. I take lesson with last month problem when high traffic of bitcoin transaction and need to pay more bigger fees for sending bitcoin take decision hold bitcoin in my exchange wallet.
I don't know which one mobile wallet for holding bitcoin have feature with Lightening network, its good when sending each other wallet not required fees yet.
-
Support lightening network? I don't have any ideas which one the mobile bitcoin wallet with this feature, right now I used only trustwallet but most of my assets holding in exchange wallet although some people think too risk. I take lesson with last month problem when high traffic of bitcoin transaction and need to pay more bigger fees for sending bitcoin take decision hold bitcoin in my exchange wallet.
I don't know which one mobile wallet for holding bitcoin have feature with Lightening network, its good when sending each other wallet not required fees yet.
This is page 3 and you just read the OP and posted your own reply which is highly not necessary. You need to read some replies first and see if OP question have been answered and also if you will quote some people and add to what they post or against what they post. Some people like to mention Trustwallet and yet they are corrected that it is close source while also you said you did not know any mobile wallet that has lightning network feature while many people has stated some already. I do not see your post to be necessary at all but just a repetition of what some people have already posted.
-
Lately, I have been using the Electrum mobile wallet which according to me is a pain. It does not show the correct price of Bitcoin some time and it has a clumsy user interface. I still like the desktop version but in the current scenario where most of the financial transactions are done using a mobile, I am looking for a good Bitcoin mobile wallet. Before Electrum I was using the Mycelium wallet which I was happy with until they started spamming my phone with their advertisement notification and adding Ethereum blockchain. I mean where did the exclusivity for Bitcoin go for those who developed it?
I mainly don't use lightning network because its adoption rate is very low and when I open a channel I have to lock some bit of bitcoin first. So I use SegWit (bech32) wallet and for that I use both Electrum and Trust wallet. I would put trust wallet a bit ahead in this aspect because here you can use it with multi coins. And if you only need a wallet for bitcoins then you can use the electrum wallet. Moreover, for Lightning wallet, I think BlueWallet and Breez will be the best. If you want, you can try using these two wallets. If I say one advantage of Breez wallet then you can receive 0.01 Bitcoin as lightning payment.
-
Lately, I have been using the Electrum mobile wallet which according to me is a pain. It does not show the correct price of Bitcoin some time and it has a clumsy user interface. I still like the desktop version but in the current scenario where most of the financial transactions are done using a mobile, I am looking for a good Bitcoin mobile wallet. Before Electrum I was using the Mycelium wallet which I was happy with until they started spamming my phone with their advertisement notification and adding Ethereum blockchain. I mean where did the exclusivity for Bitcoin go for those who developed it?
Please suggest an exclusive Bitcoin wallet for mobile devices that can also work as an LN wallet. Thanks in advance!
First of all I need to keep bitcoin exchange wallet most of the time for investing and trading but I am using electrum wallet as wallet to hold my btc for long time. I have some experience of using all other wallets but using Electrum wallet is much safer and more acceptable to me than all other wallets. I believe in the long term plan if I keep my bitcoins in Electrum wallet then my bitcoins will be safe in that wallet. Many people may use different mobile wallets it is their personal matter but I personally find Electrum wallet more secure.
That is the best idea and decision to make, we should use exchanges as a temporary means of holding our asset only because we are trading it while the use of non custodial wallet could be the best means to hold our bitcoin for a long time, but many never know the reasons why all these are given, they thought there's is difference in using the two category, yet they never care the reasons behind why many looses their assets on exchanges.
There is no need to transfer Bitcoins from the mobile wallet when investing in a mobile wallet normally and if the investment is intended to be held for a long period of time. However, the need for exchange wallets is always necessary, so we need to keep our money in exchange wallets. Just as we can use money for investment through exchange, we can use that money in trading by keeping money in exchange, so the two importances are immense in two ways. Just because some exchanges cheated investors doesn't mean all exchanges cheated investors. We have to trust because we have little choice but to trust. Since we have to use the exchange wallet, if we don't trust it, we can't deposit money into the exchange account properly.
-
This is page 3 and you just read the OP and posted your own reply which is highly not necessary. You need to read some replies first and see if OP question have been answered and also if you will quote some people and add to what they post or against what they post.
~snip~
A classic shitposter that unfortunately has its place in a campaign it doesn't deserve. It's kind of sad in a way, because people like him will never learn anything because they don't really want to. I would still understand that someone is not interested in LN and therefore does not know which wallet has support for it, but I do not understand why people continue to take risks by storing their coins on exchanges...
-
I mainly don't use lightning network because its adoption rate is very low and when I open a channel I have to lock some bit of bitcoin first. So I use SegWit (bech32) wallet and for that I use both Electrum and Trust wallet. I would put trust wallet a bit ahead in this aspect because here you can use it with multi coins. And if you only need a wallet for bitcoins then you can use the electrum wallet. Moreover, for Lightning wallet, I think BlueWallet and Breez will be the best. If you want, you can try using these two wallets. If I say one advantage of Breez wallet then you can receive 0.01 Bitcoin as lightning payment.
Until now I prefer Electrum to be the wallet that I like, Electrum has a fairly high level of trust and still provides the latest updates, but to be honest, a wallet must be equipped with additional features such as 2fa which is used to provide very high security, so far I have seen that many wallets from Trust Wallets have been hacked because they accidentally connected their wallets to a site which could potentially drain all their assets.
-
I mainly don't use lightning network because its adoption rate is very low and when I open a channel I have to lock some bit of bitcoin first. So I use SegWit (bech32) wallet and for that I use both Electrum and Trust wallet. I would put trust wallet a bit ahead in this aspect because here you can use it with multi coins. And if you only need a wallet for bitcoins then you can use the electrum wallet. Moreover, for Lightning wallet, I think BlueWallet and Breez will be the best. If you want, you can try using these two wallets. If I say one advantage of Breez wallet then you can receive 0.01 Bitcoin as lightning payment.
Until now I prefer Electrum to be the wallet that I like, Electrum has a fairly high level of trust and still provides the latest updates, but to be honest, a wallet must be equipped with additional features such as 2fa which is used to provide very high security, so far I have seen that many wallets from Trust Wallets have been hacked because they accidentally connected their wallets to a site which could potentially drain all their assets.
Same here, one of the best wallet for Bitcoin, although there are a lot, including some local wallets that we used here, but still the experience with Electrum is fine and seamless.
Of course, it's not that perfect, no wallet is perfect, but at least with Electrum and being one of the first Bitcoin wallet, we've used it that we are that comfortable and we know how to protect our asset in it.
-
Same here, one of the best wallet for Bitcoin, although there are a lot, including some local wallets that we used here, but still the experience with Electrum is fine and seamless.
Of course, it's not that perfect, no wallet is perfect, but at least with Electrum and being one of the first Bitcoin wallet, we've used it that we are that comfortable and we know how to protect our asset in it.
So far, the Electrum wallet has very high security, but when someone finds out your secret key it will be over because the wallet will immediately be drained. I have hopes for the future development of Electrum, hopefully it will be equipped with 2FA layered security such as Google Authenticator or similar, when the secret key is leaked, there is still a second layer of security which still provides good security, considering that Bitcoin has top priority because the price is already very expensive, it is certain that many hackers will try to attack wallets that still have weaknesses like that.
-
So far, the Electrum wallet has very high security, but when someone finds out your secret key it will be over because the wallet will immediately be drained.
If you are referring to security, know that it depends on how you use Electrum. Do not consider Electrum online wallet which is single signature wallet to have high security. But if you use Electrum on an airgapped device and not making it go online, it is highly secure.
It is not called security key but seed phrase. Or is it not seed phrase that you are referring to? Also worth mentioning that private key can be mentioned also because seed phrase that generates the private key or the private key itself should not be compromised as it will lead to lost of your coins.
I have hopes for the future development of Electrum, hopefully it will be equipped with 2FA layered security such as Google Authenticator or similar, when the secret key is leaked, there is still a second layer of security which still provides good security, considering that Bitcoin has top priority because the price is already very expensive, it is certain that many hackers will try to attack wallets that still have weaknesses like that.
Electrum has 2FA feature if you want to go for it, but the fee is huge and not encouraging. If you want an online wallet that is highly secure, why not just go for multisig on 2 or 3 devices.
Also know that you can add passphrase to your seed phrase to extend the words and anyone that do not know the passphrase but know your seed phrase can not access your wallet. But it has to be a very strong passphrase. Although , this does not mean you should show yourself seed phrase to anyone.