Discussion
Thanks!
That's a better list than what I've seen on getmonero in ages.
Sorry for the many questions. I was wondering. I originally ran the node and gui wallet back in 2016 I think. I then moved to a node GUI Wallet with ledger device setup which allows me to use monerujo on android since it supported ledger. But Monerujo was a bit of a hot mess. I saw Cake Wallet but it didn't look like it supported hardware wallets. I then sold and got out 2019 (I know).
What wallet setup y'all like best?
No problem, glad to help if I can. I like to keep it simple. All I use is a software wallet for spending amounts (Liked Monerujo, but enjoying the newer "stackwallet" atm. Great UX imo.) on a phone (GrapheneOS) and also have a seperate cold storage steel plate seed backup of my savings.
These are probably the most popular and recommended software wallets in the community. Theyve come a long way since 2016/2019. All open source:
-monerujo (Android only)
-stackwallet (Bitcoin/Monero only version available - Android, iOS)
-cakewallet (Monero only version available - Desktop, Android, iOS)
-featherwallet (Desktop only)
-monero gui (Desktop only)
Ledger has always been dicey especially with the recent controversy. I think the only hardware wallet recommended right now is Trezor T model. Open source as well.
Alternatively, you can create your own cold storage:
1. Generate a seed offline
2. Generate a subaddress to save somewhere for depositing Monero into later (and/or turning the address into a QR code)
3. Etch the seed on steel plate backups (or steel washers + bolt method).
Optional: You can also use the view key for a watch-only wallet of your cold storage if you like.
If you are familiar with bitcoin SeedSigner there is a fork called "MoneroSigner" being worked on, but no ETA available.
You stack Monero only? Or Bitcoin too ?
If both, what would be your ideal stack split between them?
Thanks a lot for your messages, they are very useful!
Yes, I stack both Monero and Bitcoin. I couldn't tell you an ideal split. It would just be speculation. What I can say for sure is that Bitcoin has proven to be a better longterm SoV (so far).
Because of it's default privacy, simplicity, and very cheap tx fees I find myself mostly using Monero. It's a superior MoE. Too expensive, clunky, and potentially harmful to use Bitcoin all the time especially with coinjoins.
They complement each other well imo.
Glad you find my info useful!