you dont need an offline / hardware wallet to hold your own coins.

simplest is to get a wallet on your phone like Jaxx. write down the seed words.

edit: i recommend the ledger nano or trezor though <thumbs up>

Not an expert but from what I've read the safest way to hold is trezor or nano s ledger.

Yes.

Mist/ethereum wallet
Metamask
Myetherwallet.com
Jaxx
Ledger wallet

All those options you own yourself and don't rely on anything else.

Problem with online, not website storage, is it's on your pc and therefore hackable. But better than keeping it on a website by a mile.

You can create mew wallet on an air gapped comp.

Just an FYI. I have a large fiat withdrawal I've been attempting on Kraken for 3 days now and it keeps just saying "failed". I'm a verified tier 4. No response from kraken as of yet.

I would also suggest Gemini over Kraken, as Gemini is FDIC insured for fiat, and from the limited use I've used of it so far, blows Kraken away. Gemini also doesn't appear to have any limits. Fees are on the higher side though. Free wires though also.

https://www.btcmarkets.net/

This one is targeted at Aussies, keep an eye on the prices and you should be able to find a time when the VIG is not too high

ETH just went into Overdrive!!!!

Hey all. Does anyone have experience with ethereum.org wallet? Im thinking about getting ETH and i know its much different from btc. With bitcoin, i use electrum as my btc wallet and its pretty simple to use.


What ETH wallet would you guys suggest that is simple to use similar to like how electrum is with bitcoin? From what i read online, its not good idea to keep ETH in an online wallet similar to like how you would keep btc in blockchain which isn't that good of an idea since you could just keep btc in a wallet like electrum etc.


Also its simple for me to acquire btc because many sites use btc as deposit/withdraw method. But best way to acquire ETH? I read online about a site called shapeshift.co which seems to convert btc to eth and vice versa and many other coins etc. Also read its easier to get ETH with btc as oppose to paying with bank transfer or wire. Is that true? Thanks.

Its the official wallet so you don't have to worry about lack of support. Good wallet imo. I heard exodus is a sexy wallet as well. You are in charge of your private key ofc.

Shapeshifting is integrated into exodus if you want to trade your BTC etc. I think Jaxx has the shapeshift function too.

Have a buddy experiencing the same thing with kraken. I think his message is "canceled" not "failed" though. No response from support.

Just got word from them today. So my limits are suppose to be $100/k day up to $500/k month USD withdrawals.

They say they have been experiencing some banking issues with Synapse their processor, and my limits are $50k/month now. SO I have $90k they say I have to wait a ****ing month to get half off because I've already used my $50k.

I'm tier 4 and find it to be very misleading stating certain limits so I plan accordingly then they come out with this BS. I understand they can't control Synapse, but I told them they could make it right by resetting my crypto withdrawals for the month so I can buy coins and get the money off the site. I know they can control that. I'm guessing that will be a no go.

Oh ya, they say if I provide proof of income now to synapse, they may be able to raise limits. I'm like, well can I just show I've been holding a good amount of ETH since $10 because that's where it all ****ing came from.

The problem is it takes a week for each ****ing response.

Also funny how the limits on what I can deposit hasn't been reduced.

Keep in mind that kraken, coinbase, and every other exchange are in an extreme hyper-growth mode:

Kraken is getting ~7x the web traffic they had in February: https://www.similarweb.com/website/kraken.com#overview

They likely are hiring as fast as possible to keep up with the support requests, but you can't expect them to be able to respond quickly when they are probably buried with questions from new users.

Hard to get excited about BAT. Reminds me of AllAdvantage software from the 90s - Paying users to see Adds in the days of slow internet!! It was the rage, but a mess. I prob dont understand it enough, marketing things just come and go it seems. I like other services.

Hahahahah awesome throwback to AllAdvantage! I referred a bunch of friends to that and ran this program called Ghost Mouse to look like I was always browsing. May have made $300 over a couple months but at that time in my life it was real money!

Would this be similar to like using electrum with BTC?

I want to use a wallet on my computer and not online.

Which of those would you rate as the best, 2nd best etc.

I saw someone else recommend jaxx. Im curious but are these quick/easy to download? The reason i ask this is because someone who i spoke to says they downloaded myethereum wallet but told me it took many days to download it on their computer because its a huge file... said something about huge blockchain etc.

Is jaxx better than myethereum? I basically want to use something like how electrum is with BTC as i find it pretty easy to use etc.

So yeah BAT ICO buyers made a multiple of 3-4x quite easily by pretty much exactly what I described. Just spent a bunch and ordered a crypto computer + internet set-up to specifically for this purpose and will begin doing this for upcoming ICO's with varying amounts depending on my research.

Just caught up with this thread from last few days, and despite lots of awesome posters it's clear there's a few posters in this thread who are subtle ETH trolls. I've made a decision I'm not going to respond to them personally anymore even if they quote my post as it's pretty clear to me they likely own no ETH at all (or possibly minimal) and/or are just purely trolling with the purpose of muddying the waters for the less-informed. To protect yourself, everyone should definitely do their own research outside of this thread/forum to get different viewpoints. And when you think you know a fair amount, go do even more research

The best way to provide true value in my mind is I'm thinking maybe I'll post actual ICO trades when I start them in the future once I'm set-up or analysis on upcoming ones. It'll definitely be a learning experiment for me as well because by my own admission I am definitely not an expert on these things. That being said, I believe there will be low-hanging fruit that is quite predictable like the BAT ICO in the future and it's an exploitable market opportunity to flip a few of these before it all tightens up down the road. www.urbancrypto.com is a site that has lists of ICO's coming up if anyone wants to start discussions on any of them.

Hey Kaz,

Any idea on the tax treatment of buying tokens with ETH? Flipping them back to ETH? Guess it depends where you're from but still interesting topic.

Yeah I do have a general idea, but am actually talking to an accountant with specific expertise in this field in two weeks to get a clearer idea of what the strategy is around that. The long answer is it looks like I could end up having to set-up a corporation around it (xfer ether into a new wallet, pay capital gains on that and establish a new base price) unless I want my cost-basis to go through the roof (which apparently may happen if I tried to do it out of my full wallet). I don't want to comment on a public forum about it because I truly don't yet know and am not an accountant in [insert country], but will just say the obvious which is in a lot of countries online nerd money is a very grey area right now so with that in mind tread accordingly.

lol wow same

Just saw some kid bragging on Twitter about turning 10k leveraged into 5 milly via ETH over the last 6 months.

I'm pretty gutted to have missed the boat tbh

Pretty good talk about ICO's and general Ethereum security. Makes me want to diversify a bit more (currently fairly all in on Ethereum).

https://www.youtube.com/watch?v=vdaW8NtJXuQ

Myetherwallet requires no downloading. It is easy.
Mist and Ethereum Wallet require downloading the whole chain. I did it yesterday to resync the chain fresh. It took 3 hours 11 minutes to download the 19.4gb chain. Personally I like it over other options, but I think the majority like MEW. your best bet is to just try them all out and see what works best for you.

You don't need a special computer or Internet to enter ICOs. What you need is to best know how gas prices work.

Looking through the posts since your last one, I can't really see which ones you mean are trolling or trying to muddy the waters? Raising questions about solutions to issues that will affect ETH in the long term is pretty reasonable, if those are the posts you're referring to.

Also, how many ether someone holds is irrelevant to the validity of someones post. I agree that people should do their research, and get it from many sources. But this is a discussion forum, and I don't see a reason why some things shouldn't be discussed here, but should only be researched elsewhere.

Personally I'm very interested in Ethereum, but I have trouble investing in something I don't believe in long term. I have a bit of trouble trusting in the long term of ETH until I know there are solutions on the horizon for the obvious long term issues. I know that some people trust the developers when they say that they will solve it in time. That's not enough for me though, I would like to have some more info on how it will be done technically, so that I can make my own decision on if it's a good solution and if it's probable to succeed. I've looked around a bit and haven't found any good answers, but that doesn't mean the answers aren't out there.

I'm not saying ETH isn't worth anything without solutions to scaling problems, I think it's pretty good the way it is now. But not at this valuation, that pretty much factors in the trust in successful implementation of "sharding" and proof of stake. Well, a probability of success for them at least. But are there any publicly available solutions to those problems, that are deemed safe in an adversarial environment?