Post
Topic
Board Development & Technical Discussion
Re: Safest bitcoin wallet?
by
byt411
on 28/01/2014, 07:42:22 UTC
Electrum. Or a paper wallet for long term storage.

just got electrum, but could You explain why is it safer? It uses other networks, which might be compromised, can they?
It can be stored offline. So, It is secure, Oh and it doesn't download the blockchain.

Not downloading the blockchain is like the biggest feature, +it doesn't have to be online.

there are tricks for speeding up the blockchain syncing using bittorent and a dump of the blockchain: look up blockchain bootstrapping. Lots of tutorials available.

Still, some people are not happy to have 16GB+ data on their HD.

And for some people, downloading 16 GB takes loving ages.

Yup. And not just a day or two, but like half a month or more. Crappy internet speed. So I use Electrum.