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Bitcoin Q&A: How do I choose a wallet?

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How do I choose a cryptocurrency wallet? Every wallet has different features, transaction customization, fee estimation, levels of security and privacy, and affiliations. The criteria for wallets is different depending on the person, their needs, and risk model. Wallets that used to be good may no longer be good or share the same principles. You don't have to use one wallet forever. Use many different wallets for different purposes and feel free to change them often. One of the criteria I use for wallets is that if it doesn't support SegWit, I don't use it, because I want the fee discounts. NOTE: This talk was recorded prior to the cancellation of 2X. A couple mobile wallets like EdgeSecure beta (formerly Airbitz), GreenAddress, and Samourai now support SegWit. This is part of a talk which took place at the Bitcoin Open Blockchain (BOB) community event on October 29th 2017 at the mHUB innovation center in Chicago, Illinois: https://www.meetup.com/Bitcoin-Open-Blockchain-Community-Chicago/events/244248063/ RELATED: Hot vs. cold wallets - https://youtu.be/Aji_E9sw0AE How do I secure my bitcoin? - https://youtu.be/vt-zXEsJ61U What happens to our bitcoins during a hard fork? - https://youtu.be/sNR76fWd7-0 What is the role of nodes? - https://youtu.be/fNk7nYxTOyQ Could governments take over exchanges? - https://youtu.be/9PrJQeKl9w4 How to get people to care about security - https://youtu.be/Ji1lS9NMz1E Innovations in wallet design - https://youtu.be/K5Ei3_D8LQ8 Fungibility, privacy, anonymity - https://youtu.be/y3s8c7YDtXU Hardware, Software, Trustware - https://youtu.be/Etyjc1JdmFU Forkology: A Study of Forks for Newbies - https://youtu.be/rpeceXY1QBM Bitcoin, Lightning, and Streaming Money - https://youtu.be/gF_ZQ_eijPs Andreas M. Antonopoulos is a technologist and serial entrepreneur who has become one of the most well-known and respected figures in bitcoin. Follow on Twitter: @aantonop https://twitter.com/aantonop Website: https://antonopoulos.com/ He is the author of two books: “Mastering Bitcoin,” published by O’Reilly Media and considered the best technical guide to bitcoin; “The Internet of Money,” a book about why bitcoin matters. THE INTERNET OF MONEY, v1: https://www.amazon.co.uk/Internet-Money-collection-Andreas-Antonopoulos/dp/1537000454/ref=asap_bc?ie=UTF8 [NEW] THE INTERNET OF MONEY, v2: https://www.amazon.com/Internet-Money-Andreas-M-Antonopoulos/dp/194791006X/ref=asap_bc?ie=UTF8 MASTERING BITCOIN: https://www.amazon.co.uk/Mastering-Bitcoin-Unlocking-Digital-Cryptocurrencies/dp/1449374042 [NEW] MASTERING BITCOIN, 2nd Edition: https://www.amazon.com/Mastering-Bitcoin-Programming-Open-Blockchain/dp/1491954388 Subscribe to the channel to learn more about Bitcoin & open blockchains! If you want early-access to talks and a chance to participate in a monthly LIVE Q&A with Andreas, become a patron: https://www.patreon.com/aantonop Music: "Unbounded" by Orfan (https://www.facebook.com/Orfan/) Outro Graphics: Phneep (http://www.phneep.com/) Outro Art: Rock Barcellos (http://www.rockincomics.com.br/)
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Text Comments (103)
iblb 562 (24 days ago)
samourai mobile wallet for the win .
Zambino (1 month ago)
So, no best BTC wallet?
Drink Electrolytes (5 months ago)
I like all his vids but had to dislike here. Guy asks you right here, right now, "What do I need to look for in a wallet?" And you don't mention: Controlling your private keys; multifactor sig; encrypted; anonymity... that's kind of a dis-service to the guy and the everyone watching this video who doesn't understand the basics.
Anthony Picard (5 months ago)
Take a shot every time Andreas puts in his hand in his pocket and then takes it back out again. You'll be drunk half way through this video.
Sandy (6 months ago)
BreadWallet supports segwits and its mobile based
King Hakim (6 months ago)
@aantonop. I enjoy watching all your videos. Please post more videos. My question is. I have Coinbase and they don’t allow me to control my money, they don’t give me the keys words. How can convert to a better wallet that allows me to control my money. Thanks
Stephan Galarneau (6 months ago)
I'm just not understanding now, because i tried for two days to buy bitcoin and went to two échanges with no results
Stephan Galarneau (5 months ago)
Not yet, we wanna be a broker in the caribbean, and we are looking for a partner who can sell us rapidly, everytime we ll need to buy
Stephan Galarneau (5 months ago)
We are trying to find à broker, with à fast transfer and for big amounts... We want to be broker in our country
Isaac Kendall (5 months ago)
Stephan Galarneau, have you bought the coins now???
Stephan Galarneau (6 months ago)
Hello Andreas, i really enjoy your information on Bitcoin. I have been watching your videos for 3 months. However, i tried to buy bitcoin tonight at coinbase and first it took all day to for them to accept my account and now that i have an account they put limits on what i can bit like à 100 à week limit. Please give me advice on how i can buy bit coin.
Tango Nevada (6 months ago)
And to think, he had no idea he would receive 100 or More Bitcoin donations shortly after recording this.
Sarah Christine (6 months ago)
gahhh it's so hard to get a straight answer on this question.... apparently one doesn't exist yet...
Jenny Afonso (5 months ago)
Redat23 so u investing on bitcoin
Redat23 (5 months ago)
Hey Jenny, the authorisation process takes a while but you'll get there
Jenny Afonso (5 months ago)
😅😂.i need help too
Sarah Christine (5 months ago)
Redat23 go with the Trezor 👌🏼
Redat23 (5 months ago)
I need help as well, figured it out yet ?
Joe K (6 months ago)
Maybe this was covered and I missed it but....Why does Blockchain.info have different prices for Bitcoin and Ether than Coinbase? Quite the difference
Rob Taylor (6 months ago)
Thank you so much for your videos you have truly changed my life for the better and for that I thank you!
SnoopyDoo (6 months ago)
Please do a video that explains how bitcoins get stolen and what we can do to mitigate the problem.
HyperColours (6 months ago)
Damn we need your guidance in this time of flux! WTF is going on! I can't afford 1 btc at these prices. Who is ramming the price up so fast? Will this be a massive short and grab? I'm scared! help mommy! lol
Roy Maitland (6 months ago)
Look at Bitcoin and alt-coins the transactions and see if it is amongst a few big traders artifically inflating the transaction numbers?
N1c0 S3aRch (6 months ago)
One more great speech!! Μπράβο Αντρέα.
Nick Dino (6 months ago)
So which wallets do segwit or whatever it was andreas said? How much does it reduce the fee and how does it work?
curiousgeorge555 (6 months ago)
The Carl Sagan of Crypto. Communicates complexities of the space where the everyday person can understand (not necessarily in this video but in many). A rare bird indeed.
THRILLER PODCAST (6 months ago)
very true!!
foggygoggles2 (6 months ago)
You're videos are usually GREAT, this one however, was a nothingburger. Newbies need more specific recommendations with reasons for same.
Nice video sir ji
SSVida (6 months ago)
Mr.Aantonop, I think your a messenger from God, no from the people of the world. Thank You
Rimon joardar (6 months ago)
you don't pay 30% taxes and fees when you buy flights by @bitcoin from https://goo.gl/tvh4ed …they are 20% cheaper than most
Benbodhi (6 months ago)
very well put. I would like the explanation of RBF over TOR to your own node... that sounds awesome!
John Tabor (6 months ago)
Can you unblock me on Twitter please I don't know what I did :) @jnjBitcoin thanks
expiate87 (6 months ago)
Andreas sounds a lot Christoph Waltz so I like him~
Daniel Barragues (6 months ago)
Team bread wallet :)
Honestmicky (6 months ago)
Excellent video Andreas, thank you, much appreciated by brother : )
CryptoCats (6 months ago)
Andreas the great one! Thanks for the video man
Mark Fiore (6 months ago)
BitWallet on iOS lets you make segwit transactions, Andreas ;)
f19ash (6 months ago)
@aantonop You may not have a million bitcoin but you're still the best ;)
D H (6 months ago)
use bitcoin for charity in poor country please....1Pu4Vn1DjbwGL91UeMc8gz8WcvS2W6BhJc
Testa (6 months ago)
What is up with the high transaction fees now and slow transaction times??? You can't buy a cup of coffee or beer for example. This defeats one of the advantages of bitcoin in a big way.
divinegrace92 (6 months ago)
Testa bitcoin is becoming a digital asset class (digital gold). Other cryptos will be fast low fees etc.
Nuru Musa (6 months ago)
True talk
Elizabeth Ellis (6 months ago)
Richard Mullens (6 months ago)
Bitcoin cash hasn't implemented segwit. It has minimal fees and transactions confirm quickly. There is the Electron wallet which was converted from the open source Electrum wallet.
Frank Hernandez (6 months ago)
and yet a guy named Roger BCASH something has the courage to attack Andreas on Twitter. Are you fucking kidding me. NMH
Nixon Rexzile (6 months ago)
why is it 4 minute, where is the long version>?
Nixon Rexzile (6 months ago)
I used reformated Smart Phone with no wifi
Seaxneat (6 months ago)
update. finally was able to do it after not being able on 3 devices
Seaxneat (6 months ago)
Just wanted to let u know that youtube will not allow me to subscribe to your channel.
Roy Maitland (6 months ago)
Gold is shiny; and is going to zero; the GREENEST thing Bitcoin has done for the world is stop mining in the Earth and saves the environment!!
jctai100 (6 months ago)
"soon" be a thing of the past hopefully, but unlikely meanwhile the planet..... Solar tech/wind are better but are just adjunct solutions to the real problem: a culture of consumption. The currency may be digital, but the goods/services it buys still require the great machine of civilization
Lee Fazzani (6 months ago)
jtctai100, We have a great big fusion reactor in the sky called the sun, which is capable of generating thousands of times more electricity than the world could ever need. Also the earth is never without wind. Renewable energy sources continue to get cheaper, and continue to be implemented in the grid; steadily advancing, eventually to take over. Fossil fuels will soon be a thing of the past.
jctai100 (6 months ago)
ummm electricity?
Marcelo Granja (6 months ago)
Electrum has segwit
Tim Felsky (6 months ago)
another instant classic!
Jonathan Connolly (6 months ago)
Thank you. VERY helpful.
Roy Maitland (6 months ago)
Jotto999 (6 months ago)
I've been using the Ledger Nano S, and it's been working just fine. Gives the choice to use Segwit.
GSHeverything _27 (6 months ago)
I just bought one, is that only wallet you need for mobile or desktop?
Emre Y (6 months ago)
what's segwit?
S S (6 months ago)
Is there a how to chose a wallet matrix comparing the attributes? Remember the days when apple would not allow bitcoin wallets?
VoodooD0g (6 months ago)
the mobile tenx wallet is doing segwit
Zac Brennan (6 months ago)
I actually love you Andy
AeroPR (6 months ago)
always the right answers
Josh Owens (6 months ago)
Short answer: Trezor hardware wallet
indo (3 months ago)
JD u buy another wallet that allows for same format. mine is bip39
Josh Owens (6 months ago)
You can freely move your coins to another hardware wallet or online wallet using your recovery seed.
JD (6 months ago)
my question is this, tomorrow they go out of business and you have a hardware malfunction, what do you do?
PrayerRoom (6 months ago)
how would you compare Trezor to Keepkey? Are you familiar with that wallet as well?
Funny how in a growing digital world the safest way to store crypto is paper!lol great video yet again thx alot Antonop!
Tomás Nierenberger (6 months ago)
a magnet and its gone.
Shutter Eff3ct (6 months ago)
what about hardware wallets
The Sapien (6 months ago)
i see writing on paper as still 'digital'
Kasper Schnack (6 months ago)
So, which wallet for newbies? :)
Jenny Afonso (5 months ago)
Daniel Geraldo coinomi?
James Stevens (6 months ago)
Thank you Andreas Stullkowski, I just purchased one on Amazon and that is what I need to hear. Do you know if you can also require a password, in case the device is ever stolen? I also like the idea of the recovery sheet that I can place in a geographically different location in case of local disaster.
Andreas Stullkowski (6 months ago)
I use Ledger nano and am very satisfied. Easy to send / receive various cryptos. A good compromise if you want to do Transactions sometimes from a computer. Transfers have to be commited manually on the Ledger, so it is hard to hack (I am not sure if it is impossible), and you can thus do it from unsafe computers. (I have not used Trezor, so I cannot compare.)
T Smith (6 months ago)
Exodus fees are high.
James Stevens (6 months ago)
Anyone have any feedback on the Ledger Nano S?
Moussa Test (6 months ago)
Thank you so much Andreas A.
Bitcoinboy (6 months ago)
Fees are a bit high, to the point that for those who actually use bitcoin feel as if their being robbed %50 of their bitcoin each transaction. Bitcoiners say hodl, but hodl may be the only viable thing to do with bitcoin at this time, unless your'e willing to pay mega high tx fees. In older videos Andreas says you can send thousands of dollars in bitcoin for next to no fees.
Synth Maelstrom (6 months ago)
It's not so much about economics as much as it is about the technological bottleneck, is it not? 4 txs per second is not all the bitcoin network can provide, it's technologically limited to have this capacity at this point in time. Or did we create a hamstrung system so that we could pay higher fees just because? This is not the way to mass adoption, not one bit closer to the final goal.
Shaun Clarkson (6 months ago)
It's called supply and demand. Transactions are limited to (1MB) of block size every 10 minutes. That's the supply. Demand is as of this moment > 100MB of pending transactions. The market decides who's transactions are more important by how much people are willing to pay for them. They must do this because to provide the supply, they are paying in hardware and electricity (32TW/year), and expect a return on investment. Now the financial pressure on developers is to provide a better mechanism to reduce demand, or increase supply. Things like Lightning etc are going to help aggregate that 100MB down, but you will have to pay those nodes to help you reduce the blockchain costs. It's simple free market economics. I know it's painful for those who expected a free transaction model forever, but nothing in life is free. It's digital gold, not digital silver or copper. There is a reason lower value transactions in coin had lower denomination coins and materials.
Synth Maelstrom (6 months ago)
Well man, here's my 50sat/b transaction: 7fbf806f94cfbe6927d25dd7dc389cfe3a91736f69f167897778f4fd8c8e6e1f sent 09 Dec. Still unconfirmed
j d (6 months ago)
Weeks? meaning more than 1? Your tx should have cleared unless you set something less than a 5sat/b fee.
Synth Maelstrom (6 months ago)
Nih Joo I sent a $15 transfer for 50sat/b, which made it around $3, making it 1/5th of my transfer, on Dec 9th, it's still unconfirmed. 4 days in the mempool. Isn't that great? Clearly the scaling solution that is segshit was doomed from the start and they knew it. Blockstream has sabotaged and hijacked Satoshi's creation. Segshit coin is an imposter, and it's the truth
Rfdusty (6 months ago)
Awesome video, Really enjoy learning new knowledge from you.
phillip mabry (6 months ago)
Greenaddress supports segwit, and I'm fairly sure Samurai wallet also supports segwit.
The Sapien (6 months ago)
Emre Y, Seqwit is a new layer on top of the network that is gonna allow for faster transactions and all sorts of new cool stuff once everyone is implementing it, just wait...
Emre Y (6 months ago)
wait what is segwit
Wilk 3D (6 months ago)
Yes and its GREAT!!
Drew Adams (6 months ago)
GreenAddress is awesome!
Bitcoinboy (6 months ago)
People tend not to read past the first 3 lines of the description...
Tom B (6 months ago)
Andreas, thanks for all your contribution but you have chosen the wrong political side and will be on the wrong side of history. As you said, you don't have a mobile wallet because none of them support segwit. Spoiler: segwit will never be fully adopted because it has a greater security risk. Lightning Network is useful only in specific use cases, not as a general global scaling solution. Try Bitcoin Cash (BCH). <1 cent fees, fast transactions.
Jon Trent (6 months ago)
Tom B agree...so sad that someone as brilliantly minded as Anton is shilling for Blockstream.....
Tom B (6 months ago)
filipebet, this is called RBF (Replace By Fee) and was introduced to Bitcoin later on and was heavily protested against. It makes 0-conf transactions unreliable for the reason you mentioned. Bitcoin Cash got rid of the horrible and destructive RBF.
CS:GO сФинщини (6 months ago)
Lol get over it troll. Bcash is just a shitcoin. It has nothing to do with Bitcoin. Andreas is on the only side.
filipebet (6 months ago)
Tom B real curiosity here: what stops me from leaving the shop and immediately send a second transaction with a higher or even the same fee? Do the miners always pick the first one to be broadcast? What do they choose as the correct one? That's my doubt.
Tom B (6 months ago)
Yep. And with BCH, the probability of a 0-conf tx with a fee not confirming is less than 0.01%. Or pick a lower percentage. Any transaction with a fee goes through, so you could say 0%. With Bitcoin, the risk is high enough such that merchants right now today are not willing to accept them. However, they used to accept them a couple of years ago. That itself speaks for itself. If you're not a merchant yourself, talk to one. From a merchant's perspective, it's very simple and clear.
David Parker (6 months ago)
Andreas has the most respect in crypto! <3
curiousgeorge555 (6 months ago)
Without a doubt.
Ten Tron (6 months ago)
I run a full node on my desktop. I use mycelium for my mobile. Can someone tell me why I suck? Whats wrong with my choices? I don't keep up with wallet tech as much as I should.
RodCornholio (6 months ago)
Thanks for running a full node. You ARE Jesus.
aabove (6 months ago)
You need Jesus.
derty QWERTY (6 months ago)
I think hackers will go after the biggest fish market, as well as the most unsecure fish markets. So I say, get into the most secure and lesser known wallets, as those are less likely to be attacked. Coinbase, sure, might be really secure, but you know hackers are attempting to go after them as they have the biggest stash of coins to potentially grab.
RodCornholio (6 months ago)
The ole "security by obscurity"... I suppose using a Cracker Jack prize Secret Decoder Ring would be obscure, but not SECURE. Caveat Emptor.
Keith Taubin (6 months ago)
Thank you that was kinda pretty really helpful. I think... ;) (I'm blaming the question)
Roy Maitland (6 months ago)
derty QWERTY (6 months ago)
Putting 'what bitcoin wallet should I use?' as a 2nd added in key word in the video description will help make this video pop up when people voice-search on google or iphones. Bitcoin added in, is often the popular question asked to these search engines I would bet, more than just 'what wallet should i use'. Appreciate the videos, and education methods, as always. CHeers
Gestet Ner (6 months ago)
Outro music volume now turned back down to match the audio level in the vid. Thanks Andreas. Very important to all your subs using headphones/ear buds. Even to those w/o them.

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