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what bitcoin wallet to use

gbzret4dgbzret4d Member
in Help

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.

Comments

  • ManishPantManishPant Member, Host Rep

    I use trustwallet, bitpay wallet

    Thanked by 2gbzret4d Erisa
  • rattlecattlerattlecattle Member
    edited June 2024

    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.

    Thanked by 2gbzret4d 10thHouse
  • gbzret4dgbzret4d Member

    @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?

  • ArrowBoiArrowBoi Member

    @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

    Thanked by 1gbzret4d
  • rattlecattlerattlecattle Member

    @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.

    Thanked by 3emgh gbzret4d homelabber
  • emghemgh Member, Megathread Squad

    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)

    Thanked by 2gbzret4d sh97
  • gbzret4dgbzret4d Member

    @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?

  • rattlecattlerattlecattle Member
    edited June 2024

    @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.

    Thanked by 2gbzret4d 10thHouse
  • HakimHakim Member

    @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.

    Thanked by 1gbzret4d
  • oyhacooyhaco Member

    Metamask

  • valkvalk Member

    @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.

    Thanked by 1oyhaco
  • emghemgh Member, Megathread Squad

    @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.

  • 10thHouse10thHouse Member

    Does anyone have recommendations for mobile wallets?

  • HakimHakim Member
    edited June 2024

    @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.

    Thanked by 210thHouse gbzret4d
  • batrabatra Member

    blockchain

    Thanked by 1gbzret4d
  • YmpkerYmpker Member

    For LTC, I'm quite happy with Litewallet.

    Thanked by 1gbzret4d
  • cloudblastcloudblast Member, Patron Provider

    Exodus paired with a Trezor

    Thanked by 4gbzret4d Ympker boot TerensM
  • emghemgh Member, Megathread Squad

    @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

    Thanked by 1gbzret4d
  • ElisabethFischerElisabethFischer Member

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

  • mwmw Member

    @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

  • YmpkerYmpker Member

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

  • BlaZeBlaZe Member, Host Rep

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

  • fadedmaplefadedmaple Member

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

    bluewallet

  • andreasdandreasd Member

    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.

  • NewbieInTrainingNewbieInTraining Member

    https://wasabiwallet.io

  • WeredimeWeredime Member, Host Rep

    Exodus "just works" for my case xD

  • orangejooseorangejoose Member

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

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