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While editing the Bitcoin Newb Guide, I realized I can't find a single page that covers all major clients in a Newb-friendly manner.

  1. bitcoin.org doesn't seem to mention web wallets such as My Wallet
  2. The wiki page is not IMO newb-friendly ... one big table, no clear way for a newb to decide which wallets he should try out. Yes, the features are listed in the table, but a newb won't understand them.

What is the best objective resource to help newbs choose their first wallet/s?

Requirements:

  • Objective source (as much as possible)
  • Updated Frequently, preferably user editable / reflects user votes
  • Includes major desktop clients
  • Includes major web wallets / mobile wallets
  • Noob Friendly - just dumping all clients in a big table will scare off noobs. I want a page that, while giving out sufficient information, is well structured and will not scare noobs. The Wiki Page is a good counter example.
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"Just use blockchan's mywallet" is the best guide IMHO –  Lohoris Jan 7 '13 at 11:49
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I'm new to bitcoin, but I just opened an account with coinbase.com to get started. –  chovy Jan 9 '13 at 6:54
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6 Answers 6

up vote 9 down vote accepted
+100

Essentially it boils down to the tradeoffs between security and convenience.

Instawallet is incredibly convenient, but not all that secure (as no password is required, and if you lose the URL, you lose the ability to spend the funds.)

Paytunia was a great shared (hosted) EWallet for a beginner, and there is a mobile app (for Android). A new version of Paytunia is in the works for a 2014 release.

Blockchain.info/wallet is a great hybrid (browser-based) wallet and also has a mobile app (for Android, and for Cydia / jailbroken iPhones). Configured properly, with backups sent to your e-mail inbox, this is probably the best combination of security and convenience.

If you only need a mobile wallet, the BitcoinSpinner works well also.

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This chart comparing all major desktop clients is pretty good, and is well maintained by a bitcointalk regular: http://dre.natverk.org/compare.htm

Discussion about it here: https://bitcointalk.org/index.php?topic=83768.0

Nothing about e-wallets, though.

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The link is down. –  Randomblue Apr 3 '13 at 21:27
    
Fixed the link. –  Murch Mar 8 at 21:11
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Personally I would recommend Elect rum, its a local wallet, doesn't require you to download the entire blockchain, has good features with regards to recover-ability and accessibility. Also you can run it in multiple locations at the same time (something the standard bitcoin wallet doesn't allow you to do, and you can also run it on your phone provided its not an iPhone. Other than this blockchain provide a good online wallet although I'm always cautious of these as you have to trust the company running the wallet not to make off with your coins. One place I would definitely suggest not leaving them is in exchange wallets, at least no more than you can afford to loose, and for when you make your cryptographic millions Cold Storage.

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I also find Instawallet a good fist wallet for the Bitcoin Faucet and such because it is as simple as it can be. About its security, because it's only a URL: Having a funny URL or using a generated password is the same, right? Lose it either, lose your money. Store both on paper or in an encrypted partition in a text file or in a password manager and you should be fine.

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Instawallet is best choice for people new to Bitcoin, but you don't wont to lose your URL as its the key to your wallet and with out the URL you lose your Bitcoins with no way of getting them back.

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Why is it the best choice? Your answer appears to be subjective. Please give some objective reasons for your claim. –  ThePiachu Oct 3 '12 at 8:45
    
because 1.its simple any one can use it 2.you dont give the site any of your infomation just go on the site thats it you have a bitwallet 3.it doesnt chew your internet up like the client does and 4. its free –  mack145 Oct 4 '12 at 4:31
    
This doesn't answer the question which was for a resource to help choose between wallets. It wasn't asking which is the best wallet. There is probably not one that is best for everyone anyway. –  Dr.Haribo Oct 5 '12 at 12:58
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There was a helpful guide especially for web wallets on http://browserwallet.com but it recently points to coinpunk's HTML wallet.

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I'm afraid that I don't see how that would help anyone arriving here to look for help picking a wallet. –  Murch May 9 at 20:45
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