Nobody here seems familiar with blockchain.info
It is a "hybrid" online wallet which is unlike coinbase or others recently hacked
Can anyone specifically comment on blockchain.info, please no cursory answers
Topic: Best method of storing large stash? (Read 546 times)
The safest of the wallets are the offline wallets.
I would suggest you use that if you are storing a lot of BTC (but I guess that number is subjective).
However, the downside to that is that offline wallets are inconvenient, as in they're not portable like online wallets are.
I think coinbase is a good alternative. They seem very secure.
I would suggest you use that if you are storing a lot of BTC (but I guess that number is subjective).
However, the downside to that is that offline wallets are inconvenient, as in they're not portable like online wallets are.
I think coinbase is a good alternative. They seem very secure.
My preference would be a cold wallet like electrum. Wallet is possible to recover as well with the wallet seed.
I guess it depends on the amount of bitcoins.
If we're talking about a lot of bitcoins, I would consider paperwallet stored in a safe (should be big one which cant be removed)..
If we're talking about a lot of bitcoins, I would consider paperwallet stored in a safe (should be big one which cant be removed)..
Offline paper wallet
Blockchain.info is oky for small amounts
Blockchain.info is oky for small amounts
Paper Wallets would be the solution. Makes it harder to spend them and easier to guard them assuming you're able to place this item somewhere that's safe and DON'T forget.
You're be out of luck if you do.
You're be out of luck if you do.
I am also counting as risks the possibility of losing coins in cyberspace, losing passwords, losing track of coin stashes, and getting locked out of accounts
I preffer paper wallets:
[ANN] bitaddress.org Safe JavaScript Bitcoin address/private key
https://bitcointalksearch.org/topic/ann-bitaddressorg-safe-javascript-bitcoin-addressprivate-key-43496
I agree. Local is the only way to go with a semi-large stash. Be sure to back up your wallet.dat on multiple USBs and perhaps a paper wallet too. Can't be too careful. I've lost many of coins by keeping them on now defunct exchanges.
Blockchain.info is an online wallet and there are 2 online wallets that got hacked only recently so it is probably not the best choice for a large stack.
You should distribute your coins to mitigate risk. Use different wallets with different passwords, store them in different places, make some paper wallets maybe have some online for your day to day needs etc.
You should distribute your coins to mitigate risk. Use different wallets with different passwords, store them in different places, make some paper wallets maybe have some online for your day to day needs etc.
there should be a sticky with this info for the newbie forum.. i see this question asked nearly every day.
go with a cold wallet client.. look up electrum, multibit, or armory. you can install watching-only wallets on a computer, so you can check the status of your wallet, but you won't be able to send any coins out unless you sign it (which is done with a version on a separate computer that has the private key). it's much safer than blockchain.info.
go with a cold wallet client.. look up electrum, multibit, or armory. you can install watching-only wallets on a computer, so you can check the status of your wallet, but you won't be able to send any coins out unless you sign it (which is done with a version on a separate computer that has the private key). it's much safer than blockchain.info.
What is a good method of storing a large stash of bitcoins?
How is blockchain.info wallet for this? Is it safe?
What is a good way to diversify and minimize risks? I am also counting as risks the possibility of losing coins in cyberspace, losing passwords, losing track of coin stashes, and getting locked out of accounts
How is blockchain.info wallet for this? Is it safe?
What is a good way to diversify and minimize risks? I am also counting as risks the possibility of losing coins in cyberspace, losing passwords, losing track of coin stashes, and getting locked out of accounts
Jump to: