In this blockchain system, there are a numbers of web wallet and I have beed using one of them, it doesn't bring any negative things so far, I haven't got any negative issue even security issue doesn't bother me, besides my current wallet, Bitamp is also looking great to catch my attention, I hope we will work in the coming days.
Topic: Bitamp Bitcoin Web Wallet - Send & Receive Bitcoin Instantly! - page 29. (Read 13673 times)
Well done, From my perspective The Web wallet is the future for the blockchain and cryptocurrency storing because it doesn't require any fundamental information so it's safer than any other existing wallet, in this way, Bitamp has worked also some specialised system and makes it more reliable.
Let's say, I have lost my mobile and I haven't stored a PIN of my Wallet then how could I recover my wallet? And isn't an easy option to fetch my Keys and withdraw my crypto?
Just like any other wallets, they don't use "pin" to recover the wallet, they use a seed phrase or private Key which you are supposed to back up before even ending any money to the wallet. If you lose the seed phrase or private Key, the mistake is all on you not them.
Let's say, I have lost my mobile and I haven't stored a PIN of my Wallet then how could I recover my wallet? And isn't an easy option to fetch my Keys and withdraw my crypto?
As you said that Bitamp is bringing to us a lot of privileged to get stored our valuable crypto but my question is that why we are gonna use your platform instead of renowned wallet because they are also backing us as same as you provide.
1. Most people don't like web wallets because they are so prone to phishing attacks unlike software versions (For example MEW which started out as a web based ether wallet is one of the crypto related websites that has the largest phishing attacks, and they are trying to move away from the web based wallet. In fact, they don't encourage people to log in using Private Keys, Seed phrases or Keystore files). Do you have any plans to creating a software wallet?
2. You should encourage people to generate their seeds offline using your wallet (it's a more secure way) just in case someone is watching since your wallet is browser based... It could be a malicious extension on the browser of the person trying to create a wallet. This should be in the instructions just before someone generates a seed or login
3. I was also not able to log into your wallet offline which make it less secure. Again, pick a leaf from MyEtherwallet: https://www.myetherwallet.com/access-my-wallet
https://i.imgur.com/OMBQs1f.png
2. You should encourage people to generate their seeds offline using your wallet (it's a more secure way) just in case someone is watching since your wallet is browser based... It could be a malicious extension on the browser of the person trying to create a wallet. This should be in the instructions just before someone generates a seed or login
3. I was also not able to log into your wallet offline which make it less secure. Again, pick a leaf from MyEtherwallet: https://www.myetherwallet.com/access-my-wallet
https://i.imgur.com/OMBQs1f.png
Yes, I agree with you to some extend, because of having a light system of this type of web wallet people are getting afraid of storing their valuable crypto so this should be more stronger than existing system for the purpose of providing more security.
1. Most people don't like web wallets because they are so prone to phishing attacks unlike software versions (For example MEW which started out as a web based ether wallet is one of the crypto related websites that has the largest phishing attacks, and they are trying to move away from the web based wallet. In fact, they don't encourage people to log in using Private Keys, Seed phrases or Keystore files). Do you have any plans to creating a software wallet?
2. You should encourage people to generate their seeds offline using your wallet (it's a more secure way) just in case someone is watching since your wallet is browser based... It could be a malicious extension on the browser of the person trying to create a wallet. This should be in the instructions just before someone generates a seed or login
3. I was also not able to log into your wallet offline which make it less secure. Again, pick a leaf from MyEtherwallet: https://www.myetherwallet.com/access-my-wallet
2. You should encourage people to generate their seeds offline using your wallet (it's a more secure way) just in case someone is watching since your wallet is browser based... It could be a malicious extension on the browser of the person trying to create a wallet. This should be in the instructions just before someone generates a seed or login
3. I was also not able to log into your wallet offline which make it less secure. Again, pick a leaf from MyEtherwallet: https://www.myetherwallet.com/access-my-wallet
So far it's looking good, but here should be provided more information about Bitamp, because people want to know every detail when they get interested in anything, It's my opinion that there is not available sufficient information about this one.
How's done it? Except your details how could your account get verified and how's gonna be safe for your storing purpose? Is there anything else?
Your anonymity is important to us. No personal information is required to use our service.
When you generate a new wallet, login, send or receive Bitcoin using Bitamp, everything happens locally in your browser. Your seed and private keys are never transmitted, received or stored. That's why it is critical to print, write down or save your seed somewhere safe. Otherwise, your account cannot be recovered.
That's cool, I think when you are not going to submit your details to this Bitamp wallet then there is a low chance to get hacked, It's impressive. So this Type of Anonymity could bring a positive sense to store Bitcoin in Here.
How's done it? Except your details how could your account get verified and how's gonna be safe for your storing purpose? Is there anything else?
That's cool, I think when you are not going to submit your details to this Bitamp wallet then there is a low chance to get hacked, It's impressive. So this Type of Anonymity could bring a positive sense to store Bitcoin in Here.
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