Post
Topic
Board Beginners & Help
Re: confused regarding Bitcoin payments
by
luciann
on 09/09/2015, 04:12:54 UTC
yes I am using the blockchain.info on my computer but I have been told to try the wallet at
https://greenaddress.it/ which many have said have safer privacy and security mandates.
Blockchain.info in theory should be quite secure. They offer pretty good security features, allowing you and only you to be able to access the private key thus no one else can spend it. However, they have incredibly bad reliability due to their recent downtimes and several security vulnerabilities which could have been avoided. Greenaddress.it is quite a good choice but the android app is slightly buggy for me. I would recommend either Multibit or electrum for the best ease of use as you can easily forget your mnemorics on greenaddress.it.

Thanks ranochigo.I am quite apprehensive on hearing about their security vulnerabilities. Hopefully such vulnerabilities have since been patched and fixed.Do you recommend Multibit as a viable hot wallet?
I used to use multibit a lot but I don't like anymore. It has had some concerning issues in the past that caused people to lose money and the developers didn't seem so interested in getting to the bottom of it, it really damaged my trust in them. It's free wallet software written mostly by volunteers, they don't have the resources to properly deal with serious issues like that.

I would highly recommend electrum however, it's an absolutely great piece of software which I've had very few issues with ever. It's a very quick, lightweight, simple and secure bitcoin wallet which can be used for almost any situation. The developers have a clear vision for what they want to make and have simplified things that used to be very difficult for new users to do.

so long story short, just go with the reputable desktop wallets like the bitcoinqt lol.

also while were on the topic of wallets, I sugges to avoid blockchain as well since they have past history with losing btc.