Topic: Are Online Wallets safe ? - page 2. (Read 3826 times)

Yes, you are absolutely right, there is a lot of risk if we save bitcoin on online wallet. As you say that if we save bitcoin on online wallet is the same in entrusting to third parties, so that any time there is a potential scam. And can also be exposed hacked at any time, so the risk is greater. But save on wallet offline there is also a potential risk of virus. All do have risks and we must be able to maintain it properly because bitcoin including valuable asset. Maybe it's better not to save bitcoin just in one wallet, but in some wallet both online and offline.

Even if they let you hold your private keys, your bitcoin is being kept by the third party and nothing can ensure that they will not steal your money in the future. And because they are online wallets, they can be hacked anytime, anywhere and I can ensure with you that the online security can never as strong as offline sercurity

I think all the online wallets are starting to get more advanced in terms of security so not just blockchain is the best option for storing bitcoin all the other online wallet are safe, the only thing that matters is the transaction confirmation time and the fees that they take, if you want to store your bitcoin store them online rather than offline because it is safer.

Probably best pick is the Blockchain official wallet, have ots of options to securize wallet and funds!

the best online wallet and safe
if support and open service use private key
and founder and dev online wallet is never save private key user/client in server

I'd have to say they are not so safe. Not as safe as having your bitcoins stored on a hardware wallet in terms of accessibility by only yourself and no one else gaining that access.
Once you lose some bitcoins having them stored this way then you will come to realize the security concerns people keep telling others about when it comes to using online wallets where they store the majority of their bitcoins.

If its just a small amount then the answer is Yes . I think that blockchain and coinbase security is secured but we don't know if it will last long so an offline wallet with private keys are still recommended .

What do you mean? Your wallet can be hacked but it will be difficult . Never hacked any bitcoin wallets before so I don't know how long it will take to hacked one . If you mean the other thing which the whole system of coinbase . Many have tried but did not success and I doubt it will be hacked in just one day .

using Xapo from years now and never had a single problem on it....but of course security depends by huiman factors first...keep your wallet (any) safe and yur funds are secure

Most of exchanges and online wallets always suffered from security problem like hacking and so more issue.I believe that blockchain.info is safest online wallet right now though.Mainly it depends owner choice what kind of wallet he need.If you are storing Bitcoin safely, then could be your best choice to use Hardware wallets that definitely for keeping your bitcoins safe.

Not all web wallets are safe or  provide the same security as blockchain.info which give you access to your private keys but the responsibility lies on us to use strong passwords to prevent unauthorized access.

They can be save but its on your own hands how you protect them and on what kind of online wallet of course.

Save bitcoin in the wallet online does have a high risk of getting hacked, and at the desktop wallet also have the risk of getting the virus so the potential loss is also great. All wallet has a high risk that indeed we should be more careful if you want to save bitcoin in wallet. But honestly I prefer to use the online wallet, because now online wallet has already excellent security. So bitcoin security that we save can be maintained and secure. Save bitcoin in wallet online or wallet desktop actual depends on each person, and if we can be careful to use it surely will remain safe.

but also nothing is perfect.  too many people freak out if there is any delay at all in moving funds or whatever and then claim that the site is trying to steal from them, causing many others to withdraw.  sometimes there are things that happen.

By many people these online wallets are not considered as safe as according to them they are to give your bitcoins to a third party. I am also thinking the same but I am using online wallets like xapo and blockchain from an year and I do not have faced any issue till now.

think of most online wallets like banks.  is Bank of America safe? Yes.  Is John's Bank of Lower Iowa safe?  Maybe not.  Look at the length of time that a site has been around and look at the forums.  Also, keep in mind that while it is very cool to transfer your coins around, there is a fee for each transfer. 

Also, there are many viruses that make using an online wallet or using any BTC site that needs you to input your wallet address unsafe.  There are many viruses that simply monitor your clipboard for that magic 15 character string and replace it between copy and paste with an address of someone else.  Some of these are quite advanced and will even pick an address that begins and ends with the same characters as the one you just copied.  New coin wallets often have these viruses and while the dev promotes their coin, they care less about the value and future of their alt coin and more about people downloading and installing the wallet so that their virus gets spread.

Any time that you copy and paste your wallet address online, check to insure that the right address goes into the second site or you maybe sending your coins to someone else.  I honestly don't take that much time, but I do look at the first 4, last 4 and a random middle group when using a newer address and my main addresses I can pretty much see if something is wrong.

But, no matter how big, how old, or how trusted a site is, it can fail or be a scam.  Never put all your eggs in one basket and NEVER carelessly store funds that are vital to your life.  In fact, you may wish to not use vital funds for any alt coin, you just never know.  But, as others have said, the best bet is blockchain.info.

Not all online wallets are safe to use but I would prefer a blockchain.info online wallet to a desktop wallet as it has an extra layer of security to keep my funds safe from hackers.

Of course it is safe, it depends from our settings. Just turn on the security features 2FA, guaranteed safe. SMS verification is also very good, the Xapo and Coinbase always use the SMS feature when we log in, thereby ensuring security.

i use blockchain wallet currently and online wallet actually not really bad because my experience so far using these wallet are good and never had big issue for my wallet and they have high security system to secure funds users and i wasn't got hacked or losing my bitcoin during use them but if you not really sure with the security and also want to save huge amount of bitcoin i suggest you use offline wallet

No. Online wallets are more prone to vulnerabilities than offline/hardware ones. It doesn't matter if it has 2FA or not, that is for client-side security. Bitfinex had 2FA too and look what happened, it got hacked. What happened to Bitfinex could happen to any online wallet or exchange. They may never get hacked, but they can be. The risks are higher.
Use offline wallets for large amounts of Bitcoin and online wallets for smaller ones for convenience.

Not a good choice to choose coinbase these days i experience of decreasing my balance in coinbase just few days after drop of the price of bitcoin also found many problem about their visa and bought bitcoin still not receive in their coinbase account..
So to be safe better to blockchain or much better to try electrum or bitcoin-qt..