Are my bitcoins safe in blockchain.info? - page 2.

Velkro

legendary

Activity: 2296

Merit: 1014

Quote from: Shawns on July 14, 2017, 11:00:51 AM

Are my bitcoins safe in online wallet www.blockchain.info for what happens on August 1?

I have my private keys & my account is fully secured.

Bitcoins are never 100% secure in online wallet.
Software wallet is safer, and paper wallet is most safe solution.

I know its easier and faster to use online wallet, but security is very important in bitcoin world.

odolvlobo

legendary

Activity: 4466

Merit: 3391

Quote from: Mike Mayor on July 23, 2017, 04:29:56 PM

So does blockchain.info have access to your funds and can steal them ? I've wondered this for a long time. I think electrum is the best wallet to use. No need to download the blockchain and the private key is yours.

No.

Quote from: https://blockchain.info/wallet/how-it-works

Because we don’t know or store your password (we can’t even reset it), only you are able to unlock and decrypt your wallet.

Mike Mayor

hero member

Activity: 966

Merit: 535

So does blockchain.info have access to your funds and can steal them ? I've wondered this for a long time. I think electrum is the best wallet to use. No need to download the blockchain and the private key is yours.

Jolie93

newbie

Activity: 12

Merit: 0

On Tuesday, 1st August 2017, the endorsement of bitcoin may become unreliable for an indefinite period of time. This means that any bitcoins you receive after that time can then then disappear from your wallet or be a bitcoin type that others will not accept payment.
When the situation is resolved, the validation point will automatically return to normal confidence or there will be two competing versions of Bitcoin (or more). In the previous case, you can return to using Bitcoin normally; In the latter case, you will need to take additional steps to start getting safely bitcoins. Embarrassed

Andrey123

sr. member

Activity: 1778

Merit: 305

Guys, where to transfer money from this site?
Bitcoin-0.14.2 is suitable for this?

freedomno1

legendary

Activity: 1806

Merit: 1090

Learning the troll avoidance button :)

Relatively, you have control over the private keys but it might be a bit of a challenge utilizing them versus a full client.
A better option though if your aiming for a lightweight client.

LilibethSantos

sr. member

Activity: 259

Merit: 250

Quote from: Netnox on July 19, 2017, 09:48:19 AM

Quote from: Hellacopter on July 19, 2017, 12:50:44 AM

Blockchain wallet is safe as long as you kept your password and the 12 words to recover your wallet offline. But it is more secure to get pc wallet with your parivate keys.

Are you sure about this? How can we recover our coins with the 12 word backup, if the Blockchain.info website closes down? Also, how to use the private key, which is in text format?

Supposedly, you can recover it using this utility to convert the phrase into your private keys. I haven't tested it myself but I found it from this post.

Vishnu.Reang

sr. member

Activity: 1988

Merit: 453

Quote from: cybersofts on July 19, 2017, 09:14:50 PM

Quote from: Netnox on July 19, 2017, 09:48:19 AM

Quote from: Hellacopter on July 19, 2017, 12:50:44 AM

Blockchain wallet is safe as long as you kept your password and the 12 words to recover your wallet offline. But it is more secure to get pc wallet with your parivate keys.

Are you sure about this? How can we recover our coins with the 12 word backup, if the Blockchain.info website closes down? Also, how to use the private key, which is in text format?

Oh come on, don't get scared your coins in blockchain.info are going to be fine and nothing bad will ever come close to it because the blockchain.info is there for you don't get panic Grin

I don't trust Blockchain.info that much. They used to be the best online wallet out there, but their reputation has gone down the drain during the recent months. If you are having significant amounts of BTC, then I'd advice you to hold them in a hardware wallet, than in Blockchain.info.

cybersofts

copper member

Activity: 658

Merit: 284

Quote from: Netnox on July 19, 2017, 09:48:19 AM

Quote from: Hellacopter on July 19, 2017, 12:50:44 AM

Blockchain wallet is safe as long as you kept your password and the 12 words to recover your wallet offline. But it is more secure to get pc wallet with your parivate keys.

Are you sure about this? How can we recover our coins with the 12 word backup, if the Blockchain.info website closes down? Also, how to use the private key, which is in text format?

Oh come on, don't get scared your coins in blockchain.info are going to be fine and nothing bad will ever come close to it because the blockchain.info is there for you don't get panic Grin

cybersofts

copper member

Activity: 658

Merit: 284

Quote from: achow101 on July 14, 2017, 11:23:32 AM

Quote from: Shawns on July 14, 2017, 11:00:51 AM

Are my bitcoins safe in online wallet www.blockchain.info for what happens on August 1?

I have my private keys & my account is fully secured.

I really need to know this

Probably not. Your coins were never safe with blockchain.info anyways since they continuously have security and usability issues anyways. If a chain split happens, you won't be able to decide on which chain you want to transact on, blockchain.info will choose that for you.

That makes it safer for the bitcoin users because wallet companies are the ones responsible for selecting the right chain for their users.

Netnox

legendary

Activity: 2044

Merit: 1008

Quote from: Hellacopter on July 19, 2017, 12:50:44 AM

Blockchain wallet is safe as long as you kept your password and the 12 words to recover your wallet offline. But it is more secure to get pc wallet with your parivate keys.

Are you sure about this? How can we recover our coins with the 12 word backup, if the Blockchain.info website closes down? Also, how to use the private key, which is in text format?

Hellacopter

hero member

Activity: 742

Merit: 500

Blockchain wallet is safe as long as you kept your password and the 12 words to recover your wallet offline. But it is more secure to get pc wallet with your parivate keys.

Netnox

legendary

Activity: 2044

Merit: 1008

I am also storing my coins in a Blockchain.info wallet. I have the 12 word seed, and private key in WIF format (saved in a text file). Are my coins safe in case of a split happens on August 1?

Watanabe1505

sr. member

Activity: 434

Merit: 250

Don't put all your eggs in one basket. Although you have many ways to secure your coin on a non-exchange platform but It doesn't mean you are in 100 percent of security. So you should separate amount of your coin into parts and keep it on multiple wallets from different platforms.

izza123

full member

Activity: 382

Merit: 100

I would just download your priv key and import into a hardware wallet. No reason to leave them in the site.

Shah954

newbie

Activity: 56

Merit: 0

i think blockchain is not quite secure enough they are always usually down

Niya

hero member

Activity: 811

Merit: 512

Enhalo Mining

Quote from: LTU_btc on July 15, 2017, 05:49:56 PM

Blockchain.info don't give control of private keys, this function was removed when they released new version of website. You only can to import private keys to blockchain.info wallet.

Yes, also note that imported addresses are not backed up by the seed. You need to first transfer the funds you have in your improted addresses into blockchain address.

European Central Bank

legendary

Activity: 1288

Merit: 1087

no. because you access it through a computer or phone and either of those can easily be compromised. you might have 2fa. that can be compromised too. it's only as safe as your best practices and they're not gonna be best enough.

Wapinter

legendary

Activity: 2688

Merit: 1026

Hire me for Bounty Management

You can use mycellium android wallet to keep your btc safe for August split.
It is best and easiest option available to those not want to download bitcoin core.

noictib

hero member

Activity: 966

Merit: 515

One of the world's leading Bitcoin-powered casinos

Quote from: Shawns on July 14, 2017, 11:00:51 AM

Are my bitcoins safe in online wallet www.blockchain.info for what happens on August 1?

I have my private keys & my account is fully secured.

I really need to know this

I don't think you are safe with the blockchain , since blockchain is official wallet of the Bitcoin but it is only the wallet which handle your transaction , but after the hardfork , may be two chains can't be classify by the blockchain wallet .
So it will be more better to use direct address which has the private key for your Bitcoin address and you can handle them at every step without facing any problem .
But if you don't want to put your btc in blockchain , then go at the settings >> address > create new address > create new address and deposit Bitcoin at the new address and also make export the private key and copy the privacy practices key at safe place where no one can reach easily .
You can also use mysellium wallet also which is available at play store to download at Android platform .

Topic: Are my bitcoins safe in blockchain.info? - page 2. (Read 6897 times)