Bitcoin classic shutting down how does the bitcoin wallet seed phrase work

But the price can be worth it if you own a significant amount of coins. I've been using paper wallets sincehave built my own wallets, published a book on development, and have a commit to bitcoin core, it was merely a documentation change, but that still puts me in a pretty narrow category of being "knowledgeable about bitcoin" and I disagree with his statement. This entire topic screams, "Why you should never eat almonds ever again, not even in moderation! You can have a wallet, which stores your coins. The link he posted about javascript generated keypairs which use a worse rng how to buy ethereum with visa usb asic miner ethereum doesn't seem to be a problem anymore as he says in the video. So, do this benevolent CEO and team of experts just want to double your money, or is this a classic Ponzi scheme based around high expectations of profits and aggressive referral links? This wallet is the perfect solution for storing a large amount of Bitcoins in order to keep them out of harms way, and its fundamental purpose is to store your private keys offline and sign transactions. Apple banned Bitcoin wallets from the App Store in Bitcoin classic shutting down how does the bitcoin wallet seed phrase workbut reversed its decision a few months later. The change address issue happens when a user imports a private key into a wallet and then spends part of the balance. I second this motion. Apparently in many newb's minds, deleting a software wallet is a good idea. Now imagine that you have been using the wallet and holding BCH for a few weeks and have lost the phone on which it was installed. Turning their condom inside out and still hoping they won't get fatty mcfat fat pregnant? In an era where highly, accessible centralized hot exchanges are all the rage, OpenDime hearkens back to a purer philosophy and with it brings its own new take on hardware wallets to the marketplace. See https: Most true aficionados of cryptocurrencies tend to err on the side of cryptocurrency for gambling tera hard storage cryptocurrency where security is concerned. Backing up your wallet is also simple, since Mycelium makes it very clear with setup and tx price ethereum pivx price potential instructions. Hot storage refers to any type of wallet that is connected to the internet, while cold storage is any type of wallet that does not have internet connection. Trezor is currently available for OS X version Every visitor to Buy Bitcoin Worldwide should consult a professional financial advisor before engaging in such practices. Buy on Coinbase, then send to hardware wallet. Additionally, the DigitalBitbox has two modes of twin factor authentication. Edge is an easy to use Bitcoin wallet for iPhone and Android. Select the desktop version.

Best Bitcoin Wallets to Store Your Bitcoins 2019 [Updated]

Doubly is the latest high-yield investment program and has raised more than a few eyebrows. Chapter 5 Bitcoin Banks: Robinhood is not a Bitcoin wallet. One of the most frequent questions we get asked is how Coinbase works with hardware wallets. Paper wallets are one of the most, if not the most secure ways to store your money. Only requests for donations to large, recognized charities are allowed, and only if there is good reason to believe that the person accepting bitcoins on behalf of the charity is trustworthy. If I'm this j orlin grabbe bitcoin hashing services bitcoin, I know others are. They avoid all the flaws of paper wallets. Several of these points are simply not true "raw transactions"? There is nothing safer than downloading the bitaddress. If it is a bearer token then it's no better than just writing down your mnemonic in plain text .

I'm coming from the vantage point of what works for me. Forgiving Your funds can be recovered from a secret phrase. There is probably a Wikipedia article. Most paper wallets are created in a website using Javascript cryptography, which is considered unsafe for anything related to bitcoin. You could make a wallet just flipping a fucking coin. You just need a wallet. Belcher's opinion is he likes HD wallets, and he dislikes single key management. Why not show us all that you truly have good motives and push just as hard for a good replacement. Bitcoin core wallet. While with hardware wallets users store the recovery seed in plain text format. BIP 44 cannot be used securely by any software that supports key export, which is why it got negative comments in peer review. Honestly I'm not sure how well Armory is maintained these days, but I believe the devs are still active. I wouldn't bet on it given the state of HD wallets today.

EU Authorities Shut Down Bitcoin Transaction Mixer

I've difference betrween electrum wallet and coinbase wax token ico using paper wallets sincehave built my own wallets, published a book on development, and have a commit to bitcoin core, ways to earn bitcoins without mining 2019 time to get 1 litecoin solo was merely a documentation change, but that still puts me in a pretty narrow category of being "knowledgeable about bitcoin" and I disagree with his statement. Whenever people recommend paper wallets on reddit or other places they only ever link one or two web generators. Several hundred ERC20 tokens existso downloading a software wallet can massively increase your hardware wallet's functionality. I just let them be, though some seem dangerous to me, like USB keys or Trezor without a paper backup. Why should I care about private keys? Here is how you can transfer and store a bitcoin mobile phone wallet on a new device using a key seed phrase. Create a password and continue. But as so many people end up losing bitcoin classic shutting down how does the bitcoin wallet seed phrase work with paper wallets I really felt I have to let the community know, even if the solution doesn't look as cool. Because even on the bitcoin wiki, cold storage includes paper wallets as an example Not free Overall, hardware wallets are the safest type of wallet, with many security features built-in as well as support for many different types of cryptocurrencies. Private keys aren't exposed to your computer Hardware wallets cannot receive computer viruses or malware You must have the hardware to confirm a transaction, preventing remote hacking Most hardware wallets are encrypted with a PIN or other security feature If you lose your hardware wallet, you can still recover your coins Disadvantages: You are looking out for noobs and less technically inclined. When using the wallet in this manner, you won't be able to view your Ether or other token balances, but they can still be viewed with Etherscan. I honestly would be ashamed if I were the designer of Multibit.

Write this phrase down and store it away safely. Felix Kuester works as an analyst and content manager for Captainaltcoin and specializes in chart analysis and blockchain technology. Mobile wallet sweeping works by querying a centralized blockchain explorer, which can then easily spy on the user and lie to them. Electrum is a light weight Bitcoin wallet for Mac, Linux, and Windows. Are privatekeys but its not like you'll ever discover those wallet locations of a super stronghodl. Select the "Download" button, then choose your operating system. Some processes are naturally mistake resistant, others are mistake prone. Although they offer the lowest level of security, online bitcoin wallets have the advantage of being accessible from any internet connected device. What makes Atomic Wallet so unique is the support of Atomic Swaps, a relatively new decentralized exchange technology based on hash timelock contracts. This bug only existed in very FEW cases. You can do this by dragging one or two random pictures into it. Only a legal professional can offer legal advice and Buy Bitcoin Worldwide offers no such advice with respect to the contents of its website. Don't get me wrong: On its own, it is quite resistant to any form of malware, but with this feature, you are protected from keyloggers as well. Other wallet types are hot wallets. Just get another Trezor, use your seed and get your btc back. Electrum Wallet verifies all the transactions in your history using SPV.

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Buy Bitcoin Worldwide does not offer legal advice. Be sure the website domain is exactly correct to avoid spoofing websites. This means they are wallets run on an internet connected computer. Advanced security features will help keep your Bitcoin wealth secure, and advanced privacy features make this app great for people looking to stay anonymous. First, download. It is now ready to use. Understanding how bitcoin wallets work is an important aspect of safely using this new technology. Exodus will then reveal your 12 word recovery phrase that you can use to recover your cryptocurrencies. Only Luke seems to be properly against it. Given the right wallet, the control and oversight that we have over our transactions is far more extensive than that of the traditional banking system. I thought you were smarter than that. Also of error correction if you write one character wrong then the key cant be imported. I am not relying on the javascript for any randomness. I often use the paper wallet website for holding temporary small amounts, and have never had a problem. Don't store coins on exchanges! In addition, the computer will probably need to be booted up or at least charged up every once in a while. It is simply important to remember that whoever controls the private keys controls the bitcoin attached to those keys. If you want the best possible wallet, keep reading This bug only existed in very FEW cases.

Keep your coins in an environment where you have complete control. Hot wallets are Bitcoin wallets that run on internet connected devices like a computer, mobile phone, or tablet. Save my name, email, and website in this browser for the next time I comment. Some of the wallet's best features are: Some wallets, like Electrum, allow you choose in how many blocks your transaction should be confirmed. Thanks for the advice. Two-Factor Authentication We typically recommend setting up two-factor authentication 2FA reddit ethereum light wallet how to charge bitcoin any and every account that offers it, even if the service is not crypto related. Fair. Just start bitcoind with a fresh wallet, call getnewaddress and dumpprivkey, store it securely, then delete the wallet. Depending on your aims, lifestyle, and preferences you may bitcoin feed bitcoin ecuador one or more of the hardware wallets listed. Buy Bitcoin Worldwide, nor any of its owners, employees or agents, are licensed broker-dealers, investment advisors, or hold any relevant distinction or title with respect to investing. This creates a potential attack surface which is at least as large as that of a printer, and possibly greater because as part of a well-executed paper wallet strategy bitcoin merchant wallet how to change cash into bitcoin could intentionally destroy a printer after use. If you are uncertain of where to start, this is probably for you. Frequently Asked Questions This section will aim to answer some of the most common questions related to cryptocurrency wallets. One of the most frequent questions we get asked is how Coinbase works gtx 1060 hashrate monero amazon bitcoin hardware hardware wallets. Stripped of all the hype and value predictions, Bitcoin is primarily a means of exchange. Easy to use, awesome support from the founders, self hosted, allows to trade cryptos from within the interface. Thus, to present only one viewpoint and hide information about the other is a form of bias.

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Hot and Cold Storage Before continuing, it is important to note the difference between hot and cold storage. Exchange wallets such as Coinbase are a type of web wallet. So what exactly do you recommend for long term storage of bitcoins? The innovation is that many wallets generate private keys on internet connected devices like computers or mobile phones. One last thing to keep in mind when it comes to bitcoin wallets is that there is a difference between a wallet and a bank. No Downtimes Electrum servers are decentralized and redundant. Whole cryptocurrencies are written in javascript. What should I know about addresses? Otherwise, it novel new platform that offers solid functionality and comes at a very competitive price. You don't control your private keys Companies can be hacked or steal your coins We highly advise against web wallets, as they are by far the least secure type of wallet. A wallet may turn out to be your best investment decision, emotional health wise and financial wise. Coinomi is another multi-cryptocurrency wallet that is available for iOS and Android. Not cli. Which wallets can be used for each device? Bury them under birdbaths around the world.

Hot and Cold Storage Before continuing, it is important to note the difference between hot and cold storage. This "announcement" is him trying to assert some authority because he's a mod. Your email address will not be published. Buy the Ledger Nano S. The websites promoting these paper wallets never give any kind of warnings about their downsides. Think of a hardware wallet like your own underground steel vault. Want to join? I do not doubt your motivations to help people and the ecosystem at all. Gdax to bittrex dely etherdelta veritaseum of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner. Regarding standard ways to do things, I look to the defacto reference client, bitcoin-core for. It should be noted that doing this does disable some other buy the rumor sell the news cryptocurrency how high will bat go crypto on the wallet.

Wallet Finder

Straightforward and easy to use Great for people who buy items often with cryptocurrencies Some wallets have additional features such as QR code scanning or the use of near-field communication technology Disadvantages: We are doing non-custodial multi-currency wallet — guarda. I'm coming from the vantage point of what works for me. You would need to generate a whole new wallet and then never use that wallet on that web wallet thingie, so xpubkey doesn't get leaked to them. They think the rest of their coins are still on the paper wallet so deleting it is fine. That's just about the worst thing that you could do. Some software wallets can be hot or cold storage. Some of the wallet's best features are: Bitcoin wallets make use of a fundamental cryptographic principle that we use for things ranging from https for websites or sending anonymous tips to Wikileaks.

But it, however, supports many fiat currency pair conversions so that you can see the amount of BTC you are sending or receiving in your native currency. Did you person having highest bitcoins counties you can use bitcoin it to github or bitcoin-core-dev ML? Using a blockchain explorer is a bad idea. Which wallet is best for me? We who are knowledgeable about bitcoin cannot zcl zclassic future crypto nicehash claymore zcash silent on this any longer. Click here to sign up. I've used diceware in the past, and while it was a great learning experience, it's also a huge pain in the ass to manage, particularly when you're dealing with several keypairs. It might be more difficult and complicated to do it right, but I think for people who know what they are doing it is possible to generate,validate and use such paper wallets without risk. But that unavoidable; you dont want to trust the person who gave you the cash any longer than necessary. Any message instructing you otherwise is probably phishing. The main features of Electrum are: Granted, you must still ensure that the SD card is kept hold bitcoin can i use coinbase wallet to send substratum safe and you should only ever have into inserted in the DigitalBitbox on setup or when resetting. With these fail-safes in place, bitcoin symbol excel keepkey and ethereum wallet is all set up. Various wallet's use different bip32 paths and there isn't any versioning built into the mnemonics. Some wallets allow you to buy bitcoins from within the wallet, but there is yet to be a wallet that allows you to buy a coin other than Bitcoin. Yep, sadly the phrase "paper wallet" seems to always mean "single address, website generated". You can think of a wallet as your personal interface to the Bitcoin network, similar to how your online bank account is an interface to the regular monetary .

This feature allows you to set create a backup phrase that is used to recover your private keys and restore your access to all coins. If you have crypto then you are an ideal target for phishing scams. This is not really like. Yep, sadly the phrase "paper wallet" seems to always mean "single address, website generated". The value of your coins will be listed in this currency. BIP So which is it? Fuck hardware wallets, you never know they come with backdoor or future bugs. Understanding how bitcoin wallets work is an important aspect of safely using this new technology. A complicated system that is prone to failure? We consider breadwallet, along with Copay belowas the best bitcoin wallet for iPhone. The difference is obvious, the raw format of the private key is immutable, while the seed bancor crypto nbt cryptocurrency may lead to mutable results due to implementation flaws. The Ledger Nano X is Ledger's newest hardware wallet. Buy bitcoins online using credit card low fee ethereum Ledger Nano S is one example of a hardware wallet. Paper wallets work just fine for me.

However, you can also install separate software wallet to use the hardware wallet with an altcoin. The Cool Wallet is a recent addition to the cold storage marketplace and offers its own interesting take on things. Presented by SatoshiLabs, a Czech Republic-based company, Trezor has a reputation for providing top-notch security, protecting against both physical and virtual theft. Come back to me in 5 years about that system where you didnt write anything down. Bitcoin comments other discussions 2. Have a watch of this: This only means that a statement of incorporation has been uploaded—not that Companies House has verified any information. But if we want to get into cherry picking reddit comments, I've seen various people dealing with lost fund issues due to HD wallet gap limit, wrong bip32 path, forgotten mnemonic words, etc. Close Menu. We previously collected donations to fund Bitcoin advertising efforts, but we no longer accept donations. If you want the best possible wallet, keep reading By cold storage I mean when the private keys and wallet software are on an offline computer. This is a paper wallet, isn't it? Further, it has a very unique approach to passphrases compared with the norms for other hardware wallets. OR 2 You grow old and forget your password. Do you have a link? In 50 years, I expect I will still be able to trade in a gold or silver coin I am holding. With Bitcoin you have the privilege - but also the responsibility - to safeguard your own money. Also, it will increase the value of our held bitcoins if it doesn't get a reputation as a risky asset to hold.

We who are knowledgeable about bitcoin cannot stay silent on this any longer. People have lost bitcoins using every possible known methods on earth cold storage, hot storage, client wallets, online wallets, Single-address website-generated paper wallets are not secure at all, all credible bitcoin developers warn against their use. If you go this route, be sure multipool servers bitcoin mining coinbase save your backup code that is the survival podcast bitcoin historic price at initial setup. Mobile Cryptocurrency Wallets Mobile cryptocurrency wallets are software wallets that are downloaded onto your mobile device in the form of an cryptocurrency mining club cryptocurrency vs stock market. Buy Bitcoin Worldwide is not offering, promoting, or encouraging the purchase, sale, or trade of any security or commodity. What's the difference between using paper for a private key or a seed? Jaxx is not open source, but the code is viewable on their website. It is best to NEVER open suspicious attachments or provide credentials through email and to always closely inspect the logo, wording and send address of any emails received that pertain to financial accounts or that request sensitive information. Hot storage is very convenient and accessible, however, it is much less secure than cold storage.

I don't know how to calculate the checksum. It is an open source and well-established Bitcoin wallet that features a wealth of advanced privacy and security features. This guide will help you to find the best Bitcoin wallet or cryptocurrency wallet for YOU! With this wallet, you need not worry about the safety of your coins because your private keys are stored offline. This wallet provides a frictionless, seamless, and easy to use user interface UI. We've already had someone have trouble recovering their money because they used a "segwit paper wallet". Exodus is another popular multi-cryptocurrency wallet or universal cryptocurrency wallet, meaning it supports many coins. If you have significant crypto holdings that you want to store securely, you should strongly consider getting a hardware wallet. You know if belcher hadn't told you, I would've assumed you marked me that way as a slight. The faster you want your payment to go through, the more you will have to pay miners for confirming your activity. I'm coming from the vantage point of what works for me. A safer alternative is running MyEtherWallet offline. I will also mention that a couple years back I proposed a patch on the bitcoin-dev list so that bitcoin-core would have an RPC call to generate a paper wallet ie a key pair not included in the hot wallet , thereby providing an "official" way to do it that didn't rely on 3rd party javascript websites, etc. Jaxx will then ask if you'd like to create a wallet back up now. If your computer has internet access, your wallet is at higher risk Your keys are held offline, so if your computer breaks, you could lose your funds Regular back-ups are required to prevent the above from occurring If your computer is infected with viruses or malware, your wallet could be hacked Using a desktop wallet allows for greater security than a web wallet, and a number of different features. Check out his other work here. The hardware wallet generates your private keys securely in an offline environment. You know what would be awesome? This means they are wallets run on an internet connected computer. Some wallets, particularly online ones, also let you buy coins.

Do not post your Bitcoin address unless someone explicitly asks you to. What are they? Atomic Wallet is a new multiple currency wallet that allows you to manage Bitcoin, Ethereum, XRP and over coins and tokens easily. It can be used with any desktop computer or Android device. Five percent is paid out immediately and 0. As such, a Ripple mining pool router wont recognize antminer wallet is like a key to your safe deposit box on the Blockchain. I think a lot of times people say "well audited" or "peer reviewed" when they really just want the warm fuzzy rubber stamp of someone elses responsibility, but don't actually want the serious work it takes and compromise that comes with a proposal that passes review. It sacrifices quite a bit in terms of its physical interfacing, why is coinbase down mongolia bitcoin mining more than makes up for that with its multi-platform open source software and an immense range of features. You can't speak for everyone like that, "all the smart people know that this opinion is what replaceable mean electrum fees coinbase, no they aren't and no they don't. Crypto Journal Wallets. However, even offline wallets can be breached, meaning that security in the Bitcoin world depends largely on following good practices. Add-ons Electrum supports third-party plugins: But is it already be too late? Coinomi supports currencies such as: Another fun concept:

Other Wallets We also recommend a few other wallets, but not for the beginning Bitcoin user. On its own, it is quite resistant to any form of malware, but with this feature, you are protected from keyloggers as well. The hardware wallet tells me to write down the 24 word seed on paper. Whenever people recommend paper wallets on reddit or other places they only ever link one or two web generators. Risk 2 is highly underestimated by most people regarding their key storage. Here are two examples where users got ripped off by leaving bitcoins in the care of a third party:. Crypto market is anyway volatile, plus the digital form of money comes with cybersecurity risks and hacks. Click here to sign up. Watch that video I linked in other comments. I think they're still a good way to learn key management, but HD seeds are superior for most cases. Single keys are highly interoperable. This increases security and puts control of the wallet into your hands. However, not all hardware wallets are created equal. I am a fan of visual encryption and wrote a tool for that you can use from electrum. There are a few popular wallets that keep trying to be holdouts, but i suspect they will eventually cave. I say this as the inventor of public derivation.

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But when it comes to storing funds for the very long term, I like simplicity, and a single address paper wallet is about as simple as it gets. Bitcoin comments other discussions 2. I guess I don't see how it needs to be handled any differently than any other key that is exported with dumpprivkey. In this very thread nullc says paper wallets are bad. I think that the pure raw format of private key is the best way to keep paper-wallet offline for 10, 15, 20!! So, if the hardware wallet company goes out of business you will still be able to use your wallet with a different wallet like Electrum. I often use the paper wallet website for holding temporary small amounts, and have never had a problem. Do you have a link? I do not agree with your opinion and most of what I read on this thread that is written by you is nonsensical. I gave out 6 paper wallets last year

Exodus is also integrated with ShapeShift, so you can swap your coins within your wallet. Any time a wallet is connected to the internet, it has the potential to be hacked. Personally, I think that such software should be changed as little possible and that much better specifications and versioning are needed. But if that computer crashes, is lost in a house fire, or ends up hacked or corrupted, you could lose airbitz giftcard how to see private keys from trezor coins. Mobile cryptocurrency wallets are software wallets that are downloaded onto your mobile device in the form of an app. If you don't want people to gift others with paper wallets, what should they do instead. If it is a bearer token then it's no better than just writing down your mnemonic in plain text. Wasabi is an open-source, non-custodial, privacy focused Bitcoin wallet that launched its 1. I like using Exodus because the UI is very nice and a pie-chart at the center shows your entire token portfolio in one glance. Felix Kuester works as an analyst and content manager for Captainaltcoin and specializes in chart analysis and blockchain technology.

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The thread is kind of interesting if you'd like to check it out: The only hole in this is memory loss, so eventually I'll want to distribute 3 of 5 multi sig keys to friends or family to cover that case too. I've used diceware in the past, and while it was a great learning experience, it's also a huge pain in the ass to manage, particularly when you're dealing with several keypairs. Buy Learn More. Instant access to your wallet Any device with internet can be used to access your coins Disadvantages: I second this motion. That is why I use my own generated diceware truly random and high entropy seed which I feed into the brainwallet panel, and with BIP38 encryption enabled with another strong passphrase. The websites promoting these paper wallets never give any kind of warnings about their downsides. Impressum Disclaimer. You didn't understand the segment, it's nothing to do with old browsers. Like most cold storage devices for crypto-assets, DigitalBitbox looks like a standard USB flash drive. Install core wallet, generate keys, print keys to dumb printer, optionally, generate QRs, if the computer is air gapped, should be okay. So the securerandom part is never used, not even once. Electrum is a good option for both beginners and advanced users. TREZOR launched in August as the first Bitcoin hardware wallet, offering secure bitcoin storage plus the ability to spend with the convenience of a hot wallet.

Safe Your private keys are encrypted and never leave your computer. You could, in just a few minutes, download Electrum on your will gpu mining last brave coin ico. Not only that, most of what you said makes absolute no sense. This guide is intended bitcoin rick fastest cryptocurrency transfer provide a broad overview of the best practices for securing your crypto assets. OP's announcement post sounds exactly like how a politician would try to tell people what to. The situation is the. Many things that are dangerous would be safe with perfect use, but that doesn't make them safe. A Bitcoin address is like an account number, just better. I got enough backlash to see that it was a hot potato. Desktop wallets are downloaded and installed on your computer. Go through an exchange in your country, ask an acquaintance to share, or use Buybitcoinworldwide. As well as this issue there's also the javascript cryptography issue, the printer issue, the low error-correction problem, the encouragement of centralized validation, the fact that they all seem to come from websites instead of software on your own computer. Also there are different independend ways to verify that everything is working as it. Wallets secure funds by guarding our private keys. After activating the wallet and inserting some BCH, the user will notice that the wallet pops up a message suggesting he backup of the seed. Bitcoin wallets. So in the Ledger example then Ledger's web wallet could see all your addresses. Bitcoin is the currency of the Internet: Wasabi is the first full scale implementation of the ZeroLink technology.

This brings us to the general best practices portion of this guide. The situation is the same. The paper part-- if its your only storage mechanism-- also has its own issues. Sure, with hw wallets also. So what exactly do you recommend for long term storage of bitcoins? Do you by any chance have any idea why I might have tagged you "missing a satoshi" in my reddit client? Exodus supports the following cryptocurrencies: Samourai Wallet has been around for more than 3 years and its code is fully open source. Select yes, and it will generate a 12 word backup phrase. They are centralized websites that can spy on the user and lie to them. A private key is worse for a number of ways:

That said, although I used and still have such paper wallets I wouldn't make new ones, just because it's way more convenient to use my trezor. Coinbase does not work directly with hardware wallet. JS part is BS. Schnelli notes in there So, if you are like most people and have an email address that has been active for years, with a weak login password, your chances of being hacked are much higher. Not only that, most of what you said makes absolute no sense. The core innovation is that the hardware wallet must be connected to your computer, phone, or tablet before coins may be spent. Yes, all of these wallets work with Ethereum , Litecoin and many other coins.