Which wallet do you use to store your Bitcoin?

[Johnnythunder]

Great topic

[Optional]

Besides blockchain what is a good middle wallet to transfer from coinbase to book?

the Edge wallet app on your phone, or Electrum.org on your computer

[pimike]

the Edge wallet app on your phone, or Electrum.org on your computer

You like edge over Coinbase Optional? Their prices seem higher to transfer. Unless you are willing to wait 5 days for transfer and then your limited per month with edge?

[Optional]

You like edge over Coinbase Optional? Their prices seem higher to transfer. Unless you are willing to wait 5 days for transfer and then your limited per month with edge?

The person asked what wallet to use as a middle man wallet. IE: between their Coinbase account and a sportsbook.

I use Electrum on my desktop personally but suggest Edge for people who prefer to use their phones as it is very simple and even brand new users seem to work it out without many questions.


I am a bit confused about the 5 days to transfer and limited comment? Edge is just a stand alone wallet, not an exchange company. Nor any sort of business that charges you, controls sending time frame or can put a limit on what you do with the wallet.

Maybe you are thinking of CashApp?

[pimike]

The person asked what wallet to use as a middle man wallet. IE: between their Coinbase account and a sportsbook.

I use Electrum on my desktop personally but suggest Edge for people who prefer to use their phones as it is very simple and even brand new users seem to work it out without many questions.


I am a bit confused about the 5 days to transfer and limited comment? Edge is just a stand alone wallet, not an exchange company. Nor any sort of business that charges you, controls sending time frame or can put a limit on what you do with the wallet.

Maybe you are thinking of CashApp?

I got edge on my phone. To send money from there to my bank it’s asking me to pick options where to send it?
Bank, CC or debit. That has like an 8% fee. Bank account 1% but max per month is like only 2,500.

So this is to replace not Coinbase but a wallet? I’m currently using Block chain.

[Optional]

I got edge on my phone. To send money from there to my bank it’s asking me to pick options where to send it?
Bank, CC or debit. That has like an 8% fee. Bank account 1% but max per month is like only 2,500.

So this is to replace not Coinbase but a wallet? I’m currently using Block chain.

It sounds like they have incorporated a third party exchange service. Same as Blockchain.com wallet did. Just ignore it. Will be bad value and probably require even more ID than Coinbase or Gemini.

I was suggesting it as just a standalone wallet.

[pimike]

It sounds like they have incorporated a third party exchange service. Same as Blockchain.com wallet did. Just ignore it. Will be bad value and probably require even more ID than Coinbase or Gemini.

I was suggesting it as just a standalone wallet.

I understand now.

Thanks.

[YanksHeels1]

For users in the US, what are the best ways to convert you bitcoin winnings into cash without uncle sam finding out? if there even is a way..

[themike78]

For users in the US, what are the best ways to convert you bitcoin winnings into cash without uncle sam finding out? if there even is a way..

Localbitcoins or paxful have several different ways to sell to private buyers. You can sell for gift cards, paypal, money transfers etc. The websites are not based in the U.S so they don't report to IRS.Just make sure the buyers have a good reputation. Probably impossible any other way. Unless you are doing huge amounts of bitcoin I would not worry about IRS. I have never reported anything when they send me those forms.

[pimike]

Localbitcoins or paxful have several different ways to sell to private buyers. You can sell for gift cards, paypal, money transfers etc. The websites are not based in the U.S so they don't report to IRS.Just make sure the buyers have a good reputation. Probably impossible any other way. Unless you are doing huge amounts of bitcoin I would not worry about IRS. I have never reported anything when they send me those forms.

You won’t until they decide to audit you.

[icon]

the Edge wallet app on your phone, or Electrum.org on your computer

You can also use electrum on your phone. I use electrum on my pc and android phone, both using the same wallet.

[Optional]

You can also use electrum on your phone. I use electrum on my pc and android phone, both using the same wallet.

Thanks for that info.

I'll have to give it a try.

[lonnie55]

I used to use Blockchain.com until I didn't receive the confirmation email anymore due to technical issues.

Then I switched to Electrum, also because of Optional's advice, and I'm absolutely satisfied. It's way more convenient than Blockchain.com, has a very clear and reduced look, all the functions you need, no technical issues so far, just great to use. I'd recommend Electrum.

[Bsims]

I just keep my coins in Coinbase Pro (because I trade frequently) and Blockchain (intermediate holding area). I don't use a phone for for any coin transactions. I did use Electrum on my PC several years ago but dropped it. I did use Exodus temporarily to resolve a problem converting coins. I think I would use Exodus if I wanted a PC based wallet. Any opinions on Exodus?

[maridim13]

how do you feel about the bitcoin KUNA service?

[icon]

Thanks for that info.

I'll have to give it a try.

I know you probably know this already but I'll post it for the benefit of those that may not.

In order to use the same electrum wallet across multiple devices ie pc/mac/tablet/phone when setting up electrum you use the "restore using 12 word seed phrase" of your original electrum wallet on any subsequent installs of electrum on other devices.

I believe the wording in electrum during setup is select "I already have a seed".

Now all your electrum wallets on different devices will be in sync and will display all transactions regardless of which device you used.

[Living The Dream]

Warning to all.. Trust Wallet owned by Binance... bad.. I used it for the 1st time August 1st, loaded in 8 eth and 340 chainlink.. 1:30am my wallet was hacked and all was taken.. value at the time was 5900, today just over a week later is like 7500... Getting no help from Trust Wallet.. filed a police report but think I am screwed.. I would love to know a hacker who can hack the hacker who got me and I would split the money..

[Optional]

Warning to all.. Trust Wallet owned by Binance... bad.. I used it for the 1st time August 1st, loaded in 8 eth and 340 chainlink.. 1:30am my wallet was hacked and all was taken.. value at the time was 5900, today just over a week later is like 7500... Getting no help from Trust Wallet.. filed a police report but think I am screwed.. I would love to know a hacker who can hack the hacker who got me and I would split the money..

Have you got any clue how they got you?

Is trust wallet online like blockchain wallet? or standalone on your pc or phone?

[KrisBryant17]

BitPay