What is the best Bitcoin Hardware wallet and why?(self.Bitcoin)submitted by Hello, I am looking for recommendations on the best Bitcoin hardware wallet.If you can please go into details as to why you feel one is better then the other, that would be very much appreciated.Thanks π Rendered by PID 14596 on app-210 at 2017-06-24 11:03:36.761645+00:00 running 3522178 country code: SG.Perhaps one of the oldest players in the Bitcoin wallet market is Electrum.Created in November 2011 by Thomas Voegtlin it has since been modified by various developers (the code is open source).Electrum is a client based wallet – meaning it’s software you download and run from your computer.It’s only available for desktop computers at the moment and you can download it here.Electrum prides itself on the following benefits: Fast – the client does not download the blockchain, it requests that information from a server.No delays, always up-to-date.Safe – Your private keys are encrypted and never leave your computer.

Your wallet can be recovered from a secret phrase.You can also keep your private keys offline, and go online with a watching-only wallet.pakai bitcoinPrivate – Your private keys are not shared with the server.vice bitcoin minerYou do not have to trust the server with your money.litecoin pool blockYour private keys are encrypted and never leave your computer.morgan bitcoin patentThe server does not store user accounts.litecoin good or badYou are not tied to a particular server, and the server does not need to know you.armory bitcoin downloadAlso another great benefit of Electrum is that it can be used with TREZOR or Ledger so you can send Bitcoins from your cold storage device as well.

Many Redditors also consider Electrum to be the best wallet hands down for a desktop computer.But today I want to take a look at Electrum from a newbie’s point of view since it always seemed to me that the wallet is too complex.Keep in mind that I have never used Electrum before this post and I will be learning how to use it as I go.At first glance when you land on Electrum’s homepage the site looks pretty clean and understandable.However I’m still a bit deterred from screenshots like the one shown below as a newbie: Just seems to be too technical (IMO).However this is a huge leap from how the homepage used to look.Once I click “download” I get the option to choose between “easy installation” and other more advanced installs (e.g.python installations and developer installations).This is really good since I know exactly where to go.The install process is pretty simple and straight forward.It also has the option to work with the hardware wallets I’ve stated above.Setting up the wallets take a little more than a minute.

The user interface of the actual wallet is pretty straight forward.You have different tabs at the top which allow you to choose between “send”, “receive” and other wallet related options.On the bottom you have the system settings such as changing your password, network connectivity status and also a “lite” mode where you can only quick send Bitcoins to people.All in all it’s pretty simple.My only concern is that for a newbie this wallet may still be confusing as it focuses on functionality and not user experience.Meaning, if I know nothing about Bitcoin and download this wallet I will not know what any of the stuff here means.Adding short tool tips to the wallet may help clear out the different fields or even a beginners tutorial to Bitcoin.Electrum does have very extensive documentation about the wallet and also an active BitcoinTalk category where you can get your questions answered.However, like so many other wallets out there they are focused only on functionality and not on what is known as ” customer onboarding”.

Customer onboarding is the process of increasing the likelihood that new users become successful when adopting your product.There is a great website that shows different examples of such processes in well known companies.But I guess that’s the price you usually pay for creating a non profit piece of software.People concentrate only on usability, and unfortunately that is what hinders the wallet in the end.To sum things up – Electrum is a great fast, secure and stable wallet, however it does not suit beginners.The wallet has seem to come a long way since it first started out and it also gained massive trust in the Bitcoin reddit community.So if you know a little bit about Bitcoin this is definitely a good choice.About Latest Posts Latest posts by Ofir Beigel (see all) [Review] Changelly VS ShapeShift– The “Instant” Cryptocurrency exchanges “Bitcoin and Ethereum…both soon obsolete” – James Ricakrds | $2623.69 “Why Bitcoin Can’t Serve As A Currency” – Seeking Alpha | $2345.56 Electrum wallet Ease of use Privacy Safety Beginner Friendly Pros Vert fast Good safety features Privacy is kept Cons Not beginner friendly

Best Bitcoin Wallet of 2017?(self.Bitcoin)submitted by What do you guys think is the top Bitcoin wallet of 2017?Not sure since some of htem has shut down.I'm still using Electrum here.π Rendered by PID 12582 on app-234 at 2017-06-24 11:03:40.744600+00:00 running 3522178 country code: SG.Jump to: , A hardware wallet is a special type of bitcoin wallet which stores the user's private keys in a secure hardware device.They have major advantages over standard software wallets: This page is an attempt to summarize all the known developments of hardware wallets that can use Bitcoin as part of their operation.Contents 1 2 3 4 5 6 To date there have been no verifiable incidents of Bitcoins stolen from hardware wallets.Hardware wallets are relatively new, but at least for the time being they have maintained a good track record, unlike the numerous incidents of Bitcoin theft from Internet-connected computers.However, it's important to understand that hardware wallets are a high value target and depend on various assumptions holding true to maintain security.

They are not a silver bullet, and there are several realistic ways in which a hardware wallet can fail to protect your Bitcoin.These risks need to be carefully considered when deciding how much trust to place in a hardware wallet, and which hardware wallet to buy.How a hardware wallet could fail to protect your Bitcoin: The Pi-Wallet is a small computer with the Armory bitcoin client.Transactions are signed offline, then transferred on a USB stick via Sneakernet to an online system for broadcasting.Confirming the transaction with TREZOR TREZOR is a secure bitcoin storage and a transaction signing tool.The private keys are generated by the device and never leave it thus they cannot be accessed by a malware.It uses a deterministic wallet structure which means it can hold an unlimited number of keys (BIP 0032/BIP 0044).A recovery seed is generated when the device is initialized.In case TREZOR gets lost or stolen, all its contents can be recovered using this seed (private keys, bitcoin balance and transaction history) into a new device or another BIP 0039/BIP 0044 compatible wallet.

TREZOR also introduced a unique way of PIN entering preventing keyloggers from recording it even when entered on a compromised computer.An encryption passphrase can be set on top of the PIN protection.More passphrases can be used for plausible deniability. | HW.1 inserted in a laptop HW.1 is an implementation of a deterministic (BIP 0032) Hardware Wallet on a USB smartcard.It is typically used as a blind secure device for multi signature transactions - holding a set of derived private keys and signing transactions without requiring user confirmation.Power users can rely on it to confirm all transactions with a second factor scheme turning the dongle into a keyboard typing what the user is supposed to have signed, as a protection against malware.It is also possible to customize HW.1 for more specific needs, such as creating a prepaid card without revealing the deterministic seed before it is received by the user, or securing bitcoin transactions on a server.Ledger Nano protects your Bitcoin data within a smartcard.

Its micro-processor certified against all types of attacks (both physical and logical), and has been used in the banking industry for decades (think credit card chips).The device connects to your computer through the USB port and will do all the Bitcoin cryptographic heavy lifting such as signing transactions inside its secure environment.You can therefore use your Bitcoin account with maximum trust, even on an insecure or compromised computer.The second factor verification of the transaction signature can be done either with a paired smartphone (Android, iOS) or a physical security card.The Ledger Wallet Chrome application (available also on Chromium) provides an easy onboarding as well as a seamless user experience, and the Nano is compatible with numerous third party software: Electrum, Mycelium, GreenAddress, Greenbits, Coinkite and Copay.Ledger Nano product page | Source and specifications The Ledger Unplugged is a credit card sized NFC hardware wallet.It embeds an open source Java Card app and is compatible with all NFC enabled Android phones.

The device can be used with Mycelium or Greenbits.In case of loss, you can restore it on any Ledger Wallet (Nano or another one) or all other compatible solutions (BIP 39).Ledger Unplugged product page | Source code Chinese clone of Trezor BWALLET is a clone of Trezor by a Chinese company.Trezor code is open source and this device operates like a Trezor. website and it does not work with Trezor official firmware.KeepKey showing a bitcoin transaction that needs to be manually approved.KeepKey is a USB device that stores and secures your bitcoins.When you entrust KeepKey with your money, each and every bitcoin transaction you make must be reviewed and approved via it's OLED display and confirmation button.KeepKey has a unique recovery feature utilizing a rotating cipher to restore private keys with a BIP 0039 recovery seed.This means it is not necessary to store your private keys on KeepKey: the recovery process is secure enough so that KeepKey can be used as a transaction device for paper wallets.

The 1st Bitcoin Bearer Bond or just call it a "Bitcoin Stick" Opendime is a small USB stick that allows you to spend Bitcoin like a dollar bill.It comes in the shape of a mini USB, and setting it up is astonishingly quick and simple.You plug OpenDime into a USB port, and it behaves just like a USB drive with a tiny amount of storage.In its folder, is a web page.You open the webpage in your browser, and there’s only one instruction to follow: “Drop a file onto the drive”.Once you do that, the OpenDime automagically generates a unique address for you to receive Bitcoin with.CoolWallet showing Launch App, waiting for user to connect with smartphone via Bluetooth CoolWallet is a credit card sized Bluetooth device that stores and secures your bitcoins and private keys.It fits in your wallet and works wirelessly.Every Bitcoin transaction must be manually confirmed and approved through its e-paper display and button.CoolWallet only acknowledges the paired smartphone.Whoever stole the CoolWallet are not able to steal any bitcoins.

Using recovery Seed can restore all your bitcoins in case you lost the device. | Source and specifications Graphic printed on front of BlochsTech cards.The BlochsTech open Bitcoin card is an open protocol secure hardware Bitcoin wallet your grandmother could use.For shops it's faster to accept than slow QR code based wallets and more reliable as it works offline.Currently it's of course in a novelty phase like Casascius coins (of which thousands were sold), however in the long run it is fully capable of functionally replacing the VISA system in all nations.BitLox Bitcoin Hardware Wallet BitLox is a metal cased (aluminum or titanium) bitcoin hardware wallet that works with their own web based wallet by USB and apps for iPhone and Android using Bluetooth LE.At present it is the only bitcoin hardware wallet you can buy that works with iPhone.The device weighs one ounce and is the size of a credit card 4 mm thick.Bitlox allows you to set up hidden wallets.Unlike other hardware wallets your seed is never displayed on a connected computer or phone but only on the Bitlox.

All your wallet, device and transaction PINs are only entered on the BitLox and never on any app.BitLox has also implemented several advanced security features not available on any other bitcoin hardware wallet.Digital Bitbox Hardware Wallet Ledger Wallet Nano S Ledger Nano S is a secure Bitcoin hardware wallet.It connects to any computer through USB and embeds a built-in OLED display to double-check and confirm each transaction with a single tap on its buttons.It is architectured around a Secure Element (ST31 family) and built on top of the BOLOS platform, a powerful and flexible Operating System allowing the secure execution of multiple Open Source applications in full isolation.Ledger Nano S product page Incorporates a e-paper display, keypad, and radio (custom ISM band protocol.)Unfortunately it is fairly limited in terms of transaction I/O, requiring a radio gateway or another bitcoincard wherever funds need to be transferred.Signing transactions only, requires USB host software for transactions & USB power.