BITCOINS – WHICH WALLET?
Today, with the ever-growing popularity of digital Cryptocurrency
the world has also seen an increase in the many different Wallet storage
options available with Bitcoin and Altcoin Private Keys (secure digital keys
used to personally by the owner to access wallet addresses and make
transactions).
This guide will focus specifically on some of the
various Bitcoin wallets available. It is,
however, the sole responsibility of each individual to carry out all the
necessary research and make a thorough investigation themselves into these
products and services, carefully weighing up the pros and cons of each one :
Computer Desktop
Wallets :
Installation of an original Bitcoin ‘Client’ Desktop
Wallet ( https://bitcoin.org/en/download
) enables download of the Bitcoin block chain (history) to date, creation of an
address for sending and receiving Cryptocurrency,
as well as storage of the private key and the ability to make actual
transactions.
Examples of some alternative Desktop Wallet options :
·
Multibit ( https://multibit.org ) for Windows, Mac OSX and
Linux
·
Hive ( https://www.hivewallet.com ) an OSX-based
wallet that includes unique features as well as an App Store with direct
connection to Bitcoin services
·
Armory ( https://bitcoinarmory.com ) is designed
with security as it’s focus
·
DarkWallet ( https://www.darkwallet.is ) specialises in
anonymity – by means of a browser plug-in additional services can be accessed,
including coin ‘mixing’ (exchange)
Whilst not full ‘Clients’, these Mobile ‘Client’ Wallet
apps store private keys for an individual’s Bitcoin address, without requiring
the entire block chain to be downloaded.
A small sub-set of the block chain only is required to enable a
simplified payment verification (SPV) that interacts with Bitcoin network nodes
to ensure the user can make payments easily and securely via a Smartphone,
while on the move.
Examples of a few Android-based Wallet apps :
Bitcoin Wallet -
Blockchain Wallet -
Kipochi Wallet -
Mycelium Wallet -
Xapo Wallet -
Examples of a few iPhone-based Wallet apps :
bitWallet - ( https://itunes.apple.com/it/app/bitwallet-bitcoin-wallet/id777634714?mt=8
) - compatible with iPhone/iPad/iPod Touch
Blockchain Wallet - ( https://blockchain.info/wallet/iphone-app
)
Internet-based
Online Wallets :
These online services provide storage of private keys
that can be accessed easily whilst a user is on the move. https://methodise.me Some are able to link to Smartphone mobile or
desktop wallets and can replicate addresses between the user’s various devices.
A word of
caution :
Users are strongly advised to make a thorough investigation
of all features of these services offered and, especially, to think seriously
about the implementation of such services to ensure that ‘YOUR coins stay securely in YOUR control’, rather than in the
control of an Online Wallet service provider.
Examples of a few Online Wallet providers :
Blockchain - ( https://blockchain.info/wallet
)
Coinbase - ( https://www.coinbase.com
)
Strongcoin - ( https://www.strongcoin.com
)
Hardware
Wallets :
Dedicated devices that hold private keys
electronically. Review the advantages of these wallet types = https://en.bitcoin.it/wiki/Hardware_wallet
Examples of a few Hardware Wallets :
Mycelium - ( https://mycelium.com
)
Nymi Armband - ( http://techcrunch.com/2014/02/04/nymi-bitcoin
)
Trazor - ( http://www.bitcointrezor.com
)
Paper
Wallets :
Examples of a few Paper Wallets :
Storage of Bitcoins off-line as a physical printed document.
Review the advantages of these wallet types = https://en.bitcoin.it/wiki/Paper_wallet
BitcoinPaperWallet - ( https://bitcoinpaperwallet.com )
Mycelium - ( https://mycelium.com
)
Cryptocurrency Wallet Security = http://computerstudiolimited.blogspot.it/2014_07_01_archive.html
Cryptocurrency FAQs = http://computerstudio.eu/_cryptocoins-faq.php
https://methodise.me
Cryptocurrency Wallet Security = http://computerstudiolimited.blogspot.it/2014_07_01_archive.html
Cryptocurrency FAQs = http://computerstudio.eu/_cryptocoins-faq.php
https://methodise.me