Mega List: Crypto Wallets & Storage Guide - Kill Joy - Aug 7, 2017
Introduction
Crypto currency and assets such as Bitcoin, Ethereum, and hundreds of other alt-coins, have become increasingly popular the past few years. Along with the rise in popularity comes a rise in theft. This thread is dedicated to an overview of storing and keeping your assets protected.
Key Terms to Understand- Private Key - A randomly generated number. This key gives direct access to your assets.
- Public Key - a 2D point coordinate on an Elliptic Curve derived from a private key. This key is public, meaning people can see the amount on your private key but cannot access it.
- Mnemonic Phrase - In crypto terms, this is a group of words that generate a unique wallet phrase which gives you a human-readable list of words to back-up your wallet for recovery.
- Multisignature - Also called multi-sig. In terms of Wallets, multisig has one private key on your computer and typically one on your phone. A signature is required from both devices before a transaction is sent.
- Seed - A potentially-short value used as a seed to generate the master private key.
Different Variations of Wallets- Cold Wallet - Refers to storing crypto offline (i.e, encrypted media, hardware wallet, HDD, USB, paper wallet). Most secure!
- Hot Wallet - A wallet connected to the internet in some way. These are less secure.
- Hardware Wallet - Also known as Hard Wallets, these Wallets safely store your private keys. Very secure.
- Mobile Wallet - May or may not control your private keys. Check if they control your keys before using! Also check if they are open-source.
- Web Wallet - Wallets that are managed by 3rd parties and control your private keys. Please note, MyEtherWallet (MEW) is not a web wallet as it is strictly client-sided.
Click the links below to be taken to a list of:
* - Kill Joy - Aug 7, 2017
Cold Storage Wallets
- You can write down or print your private keys. To generate a Bitcoin paper wallet, go here. Litecoin users go here.
* - Kill Joy - Aug 7, 2017
Hardware Wallets
- Coins supported: BTC, ETH, LTC other altcoins and tokens.
- Wallet Integrations: BitGo, Copay, Electrum, GreenBits, Mycelium, MyEtherWallet, Ledger Wallet Bitcoin, Ledger Wallet Ethereum, Ledger Wallet Ripple.
- Coins supported: BTC, ETH (+ All ERC-20 Tokens), ETC, LTC, ZEC, NMC, DOGE, DASH.
- Wallet Integrations: ArcBit, Blockonomics, Copay, Chrome Extension, Electrum (DASH + LTC), Etherwall, MultiBit HD, Mycelium, TREZOR Wallet, Sentinel.
* - Kill Joy - Aug 7, 2017
Hot Wallets
- Coins supported: BTC, ETH
- Make sure to back up your wallet.
- Coins supported: BAT, QTUM, NEO, REP, DCR, BTC, DASH, EOS, LTC, ETH, GNT
- Make sure to back up your wallet.
- Coins supported: BTC, ETH, ETC, DASH, DAO, LTC, REP, ZEC
- Make sure to back up your wallet.
- Make sure to back up your wallet.
- Coins supported: BTC, ETH, LTC
- Not recommended unless coins are stored in the vault
* - Kill Joy - Aug 7, 2017
Web Wallets
- Coins supported: BTC, ETH
- Coins supported: BTC, ETH, LTC
- Not recommended unless coins are stored in the vault
- Coins supported: BTC, ETH, ETC, DASH, DAO, LTC, REP, ZEC
- Coins supported: BTC, ETH.
* - Kill Joy - Aug 7, 2017
Mobile Wallets
- Coins supported: BTC, ETH
- Coins supported: BTC, ETH, LTC
- Not recommended unless coins are stored in the vault
- Coins supported: BTC, ETH, ETC, DASH, DAO, LTC, REP, ZEC
* - Kill Joy - Aug 7, 2017
Wallets by Security
- Coins supported: BTC, LTC, DOGE, NMC, ETH, DASH, + Shapeshift integration.
- Coins supported: BTC, ETH, LTC other altcoins and tokens.
- Coins supported: BTC, ETH (+ All ERC-20 Tokens), ETC, LTC, ZEC, NMC, DOGE, DASH.
* - Kill Joy - Aug 7, 2017
Wallets by Ease of Use
- Coins supported: BTC, ETH
- Coins supported: BTC, ETH, LTC
- Not recommended unless coins are stored in the vault
- Coins supported: BAT, QTUM, NEO, REP, DCR, BTC, DASH, EOS, LTC, ETH, GNT
- Make sure to back up your wallet.
- Coins supported: ETH, ETC, All Ether Tokens
* - Kill Joy - Aug 7, 2017
Wallets by Coins
- ERC-20 Ether Tokens (All)
Don't see a wallet for your coin? Ask below or request one to be added to the list!
* - Froggy - Aug 7, 2017
Wow, great thread Kill Joy! This will be very helpful for those new to crypto currency.
* - Percyi - Aug 7, 2017
Great thread, Kill Joy. Very nice and informative for those who are looking to learn more about the different types of wallets. Keep up the good work! :)
* - J. McCarthy - Aug 7, 2017
surprised you could fit this all in that few posts ^_^
nice thread
* - Kill Joy - Aug 7, 2017
(Aug 7, 2017 08:24 PM)Formula1 Wrote: surprised you could fit this all in that few posts ^_^
nice thread
Hahaha. Made it much easier for organization instead of having a huge list to scroll through and get lost in.
* - Steve - Aug 7, 2017
Lot of new and old members alike always asking about wallets. This is perfect for them.
* - The Conjurer - Aug 7, 2017
Great thread KJ, appreciate the continuous hard work you've been putting into the Crypto section!👍
|