Blockchain.info - page 2. | Bitcointalksearch.org

Magnesium Coin

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Quote from: enhu on December 07, 2015, 10:04:13 AM

I use online wallet every now and then for my transactions, I don't have hug transactions anyway. If its less than a hundred, i don't think someone will hack my account for such amount.

Hackers/Key-loggers are such punks that they will hunt for accounts having $1 also. Yes!

Quote from: LuckyYOU on December 07, 2015, 09:59:14 AM

That sounds like some great advice to the OP as well as me. I use blockchain as my online wallet as well. Of course I got an offline one as well but these are some great tips. Thank you.

I also suggest you to get any one of the hardware wallets for added safety. Just search on the forum for hardware wallets and you'll get to know about their securities on their ANN threads.

Quote from: Amph on December 07, 2015, 10:13:10 AM

the only safe online wallet would be coinbase, because they have insurance against losses of money especially vs hacker

and because they are heavily regulated and in touch with IRS itself

And what will they probably do with your funds if the price of BTC/USD spikes to $1000? Wink

Just recall what happened with MT-Gox...

Amph

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the only safe online wallet would be coinbase, because they have insurance against losses of money especially vs hacker

and because they are heavily regulated and in touch with IRS itself

enhu

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I use online wallet every now and then for my transactions, I don't have hug transactions anyway. If its less than a hundred, i don't think someone will hack my account for such amount. I only keep about $50 in my blockchain wallet and send the rest to my armory wallet just be be safe. the point is don't store much for your online wallet, just keep something that you could spend.

LuckyYOU

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Quote from: Magnesium Coin on December 07, 2015, 09:52:20 AM

Quote from: Allution on December 07, 2015, 09:22:40 AM

We all know blockchain.info, and we all knew mtgox.com.

How safe is it to store bitcoins in blockchain.info
How do i know that they will not get the money and run? Or something similar.

Blockchain is safe as well as unsafe! Wink

It's safe when you are downloading their client-side chrome app and using it from there. In this case you're not letting Blockchain to save your keys in their servers.

It's unsafe if you use Blockchain online. That way you're giving them the access to your keys as well as to any malware on your computer which needs an internet connection to perform it's malfunction.

#The safest way to use Blockchain is to import your public key in "watch-only" mode in order to review your transactions and input your private key whenever you are about to send some funds to anyone. And as always use the client-side app.

That sounds like some great advice to the OP as well as me. I use blockchain as my online wallet as well. Of course I got an offline one as well but these are some great tips. Thank you.

Magnesium Coin

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Activity: 70

Merit: 10

Quote from: Allution on December 07, 2015, 09:22:40 AM

We all know blockchain.info, and we all knew mtgox.com.

How safe is it to store bitcoins in blockchain.info
How do i know that they will not get the money and run? Or something similar.

Blockchain is safe as well as unsafe! Wink

It's safe when you are downloading their client-side chrome app and using it from there. In this case you're not letting Blockchain to save your keys in their servers.

It's unsafe if you use Blockchain online. That way you're giving them the access to your keys as well as to any malware on your computer which needs an internet connection to perform it's malfunction.

#The safest way to use Blockchain is to import your public key in "watch-only" mode in order to review your transactions and input your private key whenever you are about to send some funds to anyone. And as always use the client-side app.

ranochigo

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Crypto Swap Exchange

Quote from: Allution on December 07, 2015, 09:22:40 AM

We all know blockchain.info, and we all knew mtgox.com.

How safe is it to store bitcoins in blockchain.info
How do i know that they will not get the money and run? Or something similar.

Not as safe as you think. Blockchain.info is a wallet which allows users to have their private keys and is open sourced. Private keys are generated client side and the server only has the encrypted private key. Password is also never transferred over the internet. Technically, this should be quite secure, as long as
#1 You used strong passwords
#2 The encryption is strong enough to deter any bruteforce attacks.
However, being an online wallet,
#1 they are susceptible to hacks and a hacker can potentially put a script to capture the passwords that are used to unlock the wallets. 2FA would not help. 2FA is a client side protection which only allows wallets to be downloaded to browser if the code is correct.
#2 They can implement changes without any authorization from a trusted third party.

This happened one time in December last year. They implemented a code change which affected the randomness of the private keys and in turn allowed generation of insecure and non random private keys, causing attackers to permanently gain access to the keys generated during that period.

#3 Malware can still steal your wallet no matter how you secure it.
#4 If there is a vulnerability in SSL and you're using Tor, it is possible for an attacker to capture the wallet backup.
#5 It has a central validation system. Blockchain.info can trick users to accept non existent transactions or double spends.

SPV clients are arguably several thousand times more secure than this.

Kozan

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Quote from: Allution on December 07, 2015, 09:22:40 AM

We all know blockchain.info, and we all knew mtgox.com.

How safe is it to store bitcoins in blockchain.info
How do i know that they will not get the money and run? Or something similar.

its one of the most popular bitcoin wallet,but it is always suggested that you keep your bit amount of bitcoins to offline/desktop wallet,but for small amounts it can be trusted, some people use exchange as their online wallet that is worst then using online wallet because they don't have private keys in case of exchange shutdowns.

pedrog

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With blockchain.info you have the private keys, mtgox was the one with the private keys.

Blockchain.info you own the coins, with mtgox it was mtgox who owned the coins, cryptographically speaking...

MRKLYE

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Designer - Developer

Quote from: Allution on December 07, 2015, 09:22:40 AM

We all know blockchain.info, and we all knew mtgox.com.

How safe is it to store bitcoins in blockchain.info
How do i know that they will not get the money and run? Or something similar.

You're an idiot if you store any sore of value on a web wallet in which you don't have alternate access to the private keys.
Blockchain.info is great if you've used it to import some of your own private keys and use it as a mobile wallet.. but using it with their genereated addresses without having the private keys is stupid and you risk losing everything if it goes down.

Allution

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Activity: 254

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No legacy is so rich as honesty.

We all know blockchain.info, and we all knew mtgox.com.

How safe is it to store bitcoins in blockchain.info
How do i know that they will not get the money and run? Or something similar.

Topic: Blockchain.info - page 2. (Read 1105 times)