what bitcoin wallet to use

gbzret4d

Hi,
wanted to ask what bitcoin wallet you are using.
Im searching for a fast one with low transaction fees.
Right now im using electrum but if you send some smaller amount with lower transaction fees, sometimes i need to wait for days to get the payment through.

ManishPant

I use trustwallet, bitpay wallet

rattlecattle

Can continue using electrum. To determine the optimal transaction fees use this site: https://mempool.space/

EDIT:
And unfortunately bitcoin, ethereum are not suitable for small/micro transactions. Often you would end up paying comparable amount in fees as the tx itself.

gbzret4d

@rattlecattle said:
Can continue using electrum. To determine the optimal transaction fees use this site: https://mempool.space/

EDIT:
And unfortunately bitcoin, ethereum are not suitable for small/micro transactions. Often you would end up paying comparable amount in fees as the tx itself.

Thanks!
Can you recommend a wallet for small/micro transactions?

ArrowBoi

@gbzret4d said:
Hi,
wanted to ask what bitcoin wallet you are using.
Im searching for a fast one with low transaction fees.
Right now im using electrum but if you send some smaller amount with lower transaction fees, sometimes i need to wait for days to get the payment through.

unstoppable

rattlecattle

@gbzret4d said:
Thanks!
Can you recommend a wallet for small/micro transactions?

The wallet is not the issue. The point is bitcoin is not suitable for micro transactions no matter the wallet. There is bitcoin lightning but that is different than plain bitcoin tx.

For micro transactions better to use a crypto currency which has tiny fees like litecoin, bitcoin cash and solana. Ofcourse the other party need to accept it though.

emgh

my i m store in green wallet

my i m also using STRIKE but only for the free transaction fee (about 24 hour delay for free I think)

gbzret4d

@rattlecattle said:

@gbzret4d said:
Thanks!
Can you recommend a wallet for small/micro transactions?

The wallet is not the issue. The point is bitcoin is not suitable for micro transactions no matter the wallet. There is bitcoin lightning but that is different than plain bitcoin tx.

For micro transactions better to use a crypto currency which has tiny fees like litecoin, bitcoin cash and solana. Ofcourse the other party need to accept it though.

What wallet can you recommend for litecoin?

rattlecattle

@gbzret4d said: What wallet can you recommend for litecoin?

For litecoin there is electrum-ltc which is based on electrum. It hasn't been updated in a couple of years but works great.

Other wallets you can consider: coinomi, atomic wallet, exodus and more. Note that these are all desktop wallets and support a myriad of crypto currencies including ltc. Whichever wallet you choose ensure it is non-custodial that is holds the funds on your account and not on some exchange.

Hakim

@gbzret4d said: Can you recommend a wallet for small/micro transactions?

Wallet doesn't have anything to do with fees. Most wallet by default set fee which make the transaction included in the next block for sure & allow advance option where you can set your own fee. Before sending transaction check out mempool.space & set fees accordingly. At this moment the fee is around 8-10 sat/vB average for the last few blocks. If you spend 10 sat/vB(around $0.80+), transaction should confirm in the next 1–3 blocks. For regular small transaction purpose BTC & ETH is not really suitable anymore. It's better to use LTC, BTC cash, SOL or stable coin in low fee chain like SOL, Matic, Optimism, Arbitrum etc.

oyhaco

Metamask

valk

@oyhaco said:
Metamask

That's not a Bitcoin wallet though. Metamask is based on Ethereum, while you can store BTC as wrapped BTC on other network, it doesn't worth the time to do it.

emgh

@Hakim said:

@gbzret4d said: Can you recommend a wallet for small/micro transactions?

Wallet doesn't have anything to do with fees. Most wallet by default set fee which make the transaction included in the next block for sure & allow advance option where you can set your own fee. Before sending transaction check out mempool.space & set fees accordingly. At this moment the fee is around 8-10 sat/vB average for the last few blocks. If you spend 10 sat/vB(around $0.80+), transaction should confirm in the next 1–3 blocks. For regular small transaction purpose BTC & ETH is not really suitable anymore. It's better to use LTC, BTC cash, SOL or stable coin in low fee chain like SOL, Matic, Optimism, Arbitrum etc.

It does as some wallets pay your fees. STRIKE for example.

10thHouse

Does anyone have recommendations for mobile wallets?

Hakim

@emgh said: It does as some wallets pay your fees. STRIKE for example.

I believe it's a custodial wallet then. Non-custodial wallet won't have this option.

Edit:
I just take a look at Strike. Yes, it's custodial & free withdrawal is not good option for payment.

Priority — Targeting the next block, largest fees
Standard — Targeting confirmation in about an hour, lower fees than priority
Flexible — Targeting confirmation in around 24 hours, free of charge!

Looks like they will make 1 batch transaction in every 24 hours which will include all flexible withdrawal request.

@10thHouse said: Does anyone have recommendations for mobile wallets?

Exodus is pretty good. There's Trust Wallet, Coinbase wallet too.

batra

blockchain

Ympker

For LTC, I'm quite happy with Litewallet.

cloudblast

Exodus paired with a Trezor

emgh

@Hakim It’s definitely good, it just depends on what for

Exchange (such as Kraken) > STRIKE via Lightning > Your real wallet

That’s what I do

No tx fees

ElisabethFischer

Personally, I only trust binance. An exchange with a much lower chance of disappearing than a wallet.

mw

@ElisabethFischer said:
Personally, I only trust binance. An exchange with a much lower chance of disappearing than a wallet.

self custody >

using a CEX as a primary wallet is probably the most insane thing i see people do. i'd rather keep $200k in a browser extension

Ympker

Proton Wallet is coming, in case you don't want to go the hw wallet route.

BlaZe

Surprised no one mentioned Blockchain.com
Been using them since 2014 ig when they were on the .info domain.

fadedmaple

@10thHouse said:
Does anyone have recommendations for mobile wallets?

bluewallet

andreasd

Nobody recommended coinbin yet?

Warning: It's not exactly "user friendly", but if you known what you're doing, you don't need any additional software, just the website, which does everything in JavaScript.

NewbieInTraining

https://wasabiwallet.io

Weredime

Exodus "just works" for my case xD

orangejoose

Coinomi
https://www.coinomi.com/en/