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What is the best Bitcoin wallet for a newbie?

Discussion in 'Bitcoin Forum' started by MegaMan, Jul 27, 2017.

  1. Lovely

    Lovely Well-Known Member

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    The problem is I need them to a certain level before withdrawing to lessen the transaction fees.I hope I wouldn't be shooting my self in the foot,though facethub is not noted for any form of fraud,just want to wait a while to withdraw.
    That is why I not really bothered about fraud or scamming I know that to an extent we can trust the site,would be withdrawing my coins as soon as it gets to the level that I want,I will safely withdraw to my wallet.
     
  2. Yugocean

    Yugocean Well-Known Member

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    Faucethub itself is not a wallet, but like a micro wallet; we have to use some real wallet to make it sure if we can use the amount as per our wishes. I am using Payza for bitcoin too, free exchange to USD and INR service is a good facility there.
     
  3. SUPER SINGH

    SUPER SINGH Well-Known Member

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    I'm trying to learn more about bitcoins wallet and then will try to join which is most convenient for us Indian users. But I am thinking that block chain will be best for all of us and it's easily acceptable in India as well and have tie up with Unocoin.
     
  4. Yugocean

    Yugocean Well-Known Member

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    Unocoin is not a wallet but exchange. Newbies may use Payza bitcoin wallet as it is easy to maintain payza account and withdraw to any payza supportive cryptocurrency or Fiat currency. Payza support INR, so good for Indian users.
     
  5. SUPER SINGH

    SUPER SINGH Well-Known Member

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    I am still not aware how we can use PAYZA on bitcoins wallets. I though block chain can work for us as it has tie up with UNOCOIN and we can earn and transfer to unocoin to get paid in bank. Suggest the best for us.
     
  6. Yugocean

    Yugocean Well-Known Member

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    Blockchain has partnered with India and this is known to us; yet using it requires some experience and not a newbie should jump. Payza is also accepting bitcoin same like other wallets, there we can convert bitcoin to USD, EUR, INR or whatever is supported there.
     
  7. overcast

    overcast Well-Known Member

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    I am happy with exodus. i do have the jaxx.io too. But some of the time it can be good to see how the bitcoin wallets can be good in terms of the withdrawals and the transactions. that's what is required these days for sure.
     
  8. Yugocean

    Yugocean Well-Known Member

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    We have to use those wallets where we can even exchange bitcoin to fiat currencies and fiat currencies to bitcoin free of charge. Payza is easy to use for online earners, and it is available in India, so best is to start from it.
     
  9. bluebearkush

    bluebearkush New Member

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  10. Medowriter

    Medowriter Well-Known Member

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    Does it mean with this update you can easily your coin to payxa bitcoin wallet and withdraw it to your local bank without stress if you are in india?
     
  11. Yugocean

    Yugocean Well-Known Member

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    Actually when in India, if we want to trade bitcoin, we can use Unocoin for this buy/sell because Unocoin is the official partner in India for Blockchain.info; yet we can use other wallets too if we like.
     
  12. overcast

    overcast Well-Known Member

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    Avoid storing the coins into some sort of exchanges. I suggest keeping it up with the exodus or the jaxx. You can see that some of the good coin experts do the same. they don't store into any online facility. that's what I have learned so far.
     
  13. Medowriter

    Medowriter Well-Known Member

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    The basic wallets like block chain and coinbase are online wallet but do you save your coin in an offline wallet that you just mentioned cos i dont know if it is possible or not
     
  14. Yugocean

    Yugocean Well-Known Member

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    Is blockchain.info an exchanger?
    By the way unocoin is exchanger. I will surely create other wallets which are better for me; especially which pay something in interest if we store coins /tokens in their wallet.
     
  15. overcast

    overcast Well-Known Member

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    Bitcoin wallet are plenty. I think exodus and jaxx are enough. i don't go with the exchanger and the online services wallet. that's for sure. It's not worth it.
     
  16. Crystal

    Crystal Well-Known Member

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    Blockchain.info has exchange too but a small just for their supported crypto, BTC, ETH, BCH.
    You can set an exchange request from bitcoin to ether and not only. As far as i know you can't modify prices for sell or buy because this is an automatd exchange via Shapeshift. You can withdraw in euro or purchase crypto with euros if you want but i'm not sure if this option is only for SEPA countries https://en.wikipedia.org/wiki/Single_Euro_Payments_Area you need to read more on blockchain.info Terms if you are interested to buy/sell crypto with fiat on blockchain.info.

    I have exchanged BCH for BTC on blockchain without problem. The BCH was received free on blockchain.info after the fork on august 2017 at ratio 1:1 because i had BTC in balance at the fork time. Automated fee is taken while you send exchange request. You will have to wait for a while few hours or more .
    They have support for exchange if you have problems.
    Blockchain.info is not an exchanger ,maybe not yet , but they have a small internal service to exchange crypto with Shapeshift.
     
    Last edited: Jan 14, 2018
  17. Yugocean

    Yugocean Well-Known Member

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    Give more details about Exodus and Jaxx; I only have blockchain and Payza; ant till other wallets are found, I have no other options either. But Payza is well supported everywhere.
     
  18. yudi19

    yudi19 Member

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    Exodus & Jaxx have a really high miner fees. I used them once, When i tried to transfer money to a different wallet, I came across with these high fees. Yes, They are more secure. However, The funds transfer & exchange fee are really high.

    It is better to use Blockchain.info wallet or Coinbase for storing BTC, ETH, BCH & LTC (coinbase only).
    At the moment, The regular fee on the blockchain wallet is 0.12$, which is great.

    However, GreenBits is a great wallet, as it has the RBF or CPFP features which come in handy if your transaction is stuck due to low fee.
     
  19. Crystal

    Crystal Well-Known Member

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    yes when comes to fees , on blockchain.info and i think on bitcoin core client wallet the fees are dynamic and also can be reduced manually. Look for my tutorial about how to send bitcoins from blochain.info and how to reduce the fee.
     
  20. yudi19

    yudi19 Member

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    I reduced the Fee in December for a transaction from my Blockchain.info wallet, And it got stuck for 1.5 months till the Fee didn't come down to 70c.
    There is No way to cancel the transaction either on Blockchain.info. And By the time the transaction got confirmed, My 75$ had became 33$. So technically, I lost 42$ as the value dropped & because I used a Low Fee manually.
     

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