Are Online Wallets safe ? - page 4. | Bitcointalksearch.org

xavier77

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Xavier

Quote from: derprinz on January 06, 2017, 03:38:29 AM

Hi
is it a good idea to store bitcoins in popular online wallets like blockchain.info or coinbase
can these wallets get hacked one day ?

I'd suggest creating multiple wallets at Blockchain and Xapo.
I was in a delusion that Hardcore wallets are better than online versions but they come with drawbacks too. You need to safely store your offline wallet from your family and friends. If you format your Hard Drive or your PC crashes due an accident, you lose your money. Forever!
Store your money in parts on several wallets and each should have a different password of its own. Store private key in your cell phone or an old book etc. You might say that remembering several passwords is too tough for me. The best option is to encrypt your password using MD, md5, sha1,sha5,sha256 etc. Suppose my password is 123 for all the wallets. I encrypt it using all the above hashes. (You can encrypt them easily just google "Encrypt text to sha/md" etc) Thus, you have several passwords by only knowing 1. Even if one of your wallet is hacked, you can still rest assured that you have a backup of 5 more.
Hope it helps

bL4nkcode

copper member

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Limited in number. Limitless in potential.

Quote from: derprinz on January 06, 2017, 03:38:29 AM

Hi
is it a good idea to store bitcoins in popular online wallets like blockchain.info or coinbase
can these wallets get hacked one day ?

Yes that's true, it can be hack maybe later or sooner, any online or web wallets can be down any time so its not totally safe there, tho I use also this web wallets but never put big amount of coins there.

Barbut

hero member

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★Bitvest.io★ Play Plinko or Invest!

I used one and I never had problems, and I didn`t hear other people complaining about blockchain or xapo, or some other well known online wallet. So even there is stories about how they are not safe, if you don`t plan to hold big amounts there you will be ok.
In case anyone wish to buy larger sum of bitcoins, then it would be better to pay more attention on protection, I would consider buying some ledger wallet.

doflamingo

sr. member

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No online wallet is safe 100%.The better way is store btc in offline wallet like multibit...

Biitcoin

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Zichain

Quote from: pinkflower on January 06, 2017, 03:54:56 AM

Quote from: Biitcoin on January 06, 2017, 03:45:42 AM

Coinbase don't even give you control on your private keys so Its a service to avoid unless you are trading bitcoins then you should withdraw instantly just after buying or selling.
Blockchain.info no longer gives control over your private keys , at least not a newbie friendly way and It got removed from bitcoin.org for some security requirements that they didn't meet. I would use btc.com which is acquired by bitmain or stick to desktop wallets such as Multibit or Electrum.

What security requirements did blockchain.info miss? I still use them and have been using them for a very long time. My personal experience is overall good with no serious complaints. There were a couple of times when I couldnt connect to the site but it hardly came to anything serious like losing some BTC.

What do you think of greenaddress.it? Are they safe to use? Are the founders trustworthy?

From the Github repository of bitcoin.org : https://github.com/bitcoin-dot-org/bitcoin.org/pull/663#issuecomment-65656828
I believe that greenaddress.it are secure enough and give you control on your private keys but some reasons , not enough people are using it. Its probably due the fact that people are used to blockchain.info and keep recommending it to each other.

20kevin20

legendary

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I don't think they are safe. Online wallets can fail at any time, and your funds could be lost if you don't have your private keys or a backup of your wallet. I'd go for paper wallets if I were you, so I could have my wallet in my own home, in my own hand. No other owner would have it. This is what I call being your own bank.

pinkflower

sr. member

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Quote from: Biitcoin on January 06, 2017, 03:45:42 AM

Coinbase don't even give you control on your private keys so Its a service to avoid unless you are trading bitcoins then you should withdraw instantly just after buying or selling.
Blockchain.info no longer gives control over your private keys , at least not a newbie friendly way and It got removed from bitcoin.org for some security requirements that they didn't meet. I would use btc.com which is acquired by bitmain or stick to desktop wallets such as Multibit or Electrum.

What security requirements did blockchain.info miss? I still use them and have been using them for a very long time. My personal experience is overall good with no serious complaints. There were a couple of times when I couldnt connect to the site but it hardly came to anything serious like losing some BTC.

What do you think of greenaddress.it? Are they safe to use? Are the founders trustworthy?

equator

legendary

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Merit: 1002

Quote from: derprinz on January 06, 2017, 03:38:29 AM

Hi
is it a good idea to store bitcoins in popular online wallets like blockchain.info or coinbase
can these wallets get hacked one day ?

Online wallets are never safe, as you dont have the private keys for the wallet address so anytime if the wallets is down or like what you are saying about getting hacked then you can do nothing. As the site is holding your coins and what ever they want can do with your coins. That is why it is recommend to go for desktop wallet or hardware wallet.

Biitcoin

sr. member

Activity: 353

Merit: 250

Zichain

Coinbase don't even give you control on your private keys so Its a service to avoid unless you are trading bitcoins then you should withdraw instantly just after buying or selling.
Blockchain.info no longer gives control over your private keys , at least not a newbie friendly way and It got removed from bitcoin.org for some security requirements that they didn't meet. I would use btc.com which is acquired by bitmain or stick to desktop wallets such as Multibit or Electrum.

1982dre

hero member

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Quote from: sunsilk on January 06, 2017, 03:41:23 AM

Quote from: derprinz on January 06, 2017, 03:38:29 AM

Hi
is it a good idea to store bitcoins in popular online wallets like blockchain.info or coinbase
can these wallets get hacked one day ?

My opinion with blockchain.info it is secured but still no matter how secured it is as long as there are intruders who are wanting to target a site.

For sure they can do something about it same goes applies with coinbase. We cannot say what can happen, but hackers are everywhere.

If you wanted to store your bitcoins safely, just buy your own hardware.

And it aren't always hackers. It could also be a employee of the organisation why steals from inside. Just use those websites for smaller amounts. In other cases just safe them local on your pc or even better on a hardware wallet.

sunsilk

hero member

Activity: 3038

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Quote from: derprinz on January 06, 2017, 03:38:29 AM

Hi
is it a good idea to store bitcoins in popular online wallets like blockchain.info or coinbase
can these wallets get hacked one day ?

My opinion with blockchain.info it is secured but still no matter how secured it is as long as there are intruders who are wanting to target a site.

For sure they can do something about it same goes applies with coinbase. We cannot say what can happen, but hackers are everywhere.

If you wanted to store your bitcoins safely, just buy your own hardware.

derprinz

newbie

Activity: 3

Merit: 0

Hi
is it a good idea to store bitcoins in popular online wallets like blockchain.info or coinbase
can these wallets get hacked one day ?

Topic: Are Online Wallets safe ? - page 4. (Read 3826 times)