Can BTC.com Be Trusted? | Bitcointalksearch.org

neutraLTC

legendary

Activity: 1492

Merit: 1021

Quote from: Kprawn on May 02, 2017, 09:53:12 AM

Quote from: neutraLTC on May 02, 2017, 09:10:35 AM

Hey guys, i'm part of the BTC.com team, I'm open to any questions you may have.

Just to inform you all, we've passed the very stringent Quality and Assurance from bitcoin.org, that's why we're now on there.

Someone asked something along the lines of 'what happens to my bitcoin if BTC.com service is not available?'

If BTC.com is ever unavailable, you are always able to restore your wallet using the BTC.com backup recovery document here: recovery.blocktrail.com (which will continue to work even if our service is down)

Also, we're here to stay.

You offered, so I am asking two questions for now. Wink

1. Who has control over the private keys for the individual users who create wallets on your service?

2. What is your stance on BU vs BTC Core?

These are the most important questions that needs to be answered, before anyone choose what wallet provider they should use. Wink

I see the offer has been taken up! Cheesy

Perfect.

1. The user has full control of their bitcoin. That is something we pride ourselves about. One of our taglines is 'Be your own bank'.

We provide a multi-signature set up in which users are in control of two keys and us only one. It's a 2 out of 3 multi-signature set up. The backup pdf that are you required to save when you first install the wallet contains both your keys (one encrypted with your passwords to prevent theft), which is what you would use to help recover the funds if we ever disappear or if the user has lost his or her password.

2. We are neutral in the debate, and have been since the beginning. We focus on getting bitcoin accepted by the mainstream and in providing an excellent service to our current users.

carlfebz2

hero member

Activity: 2926

Merit: 722

DGbet.fun - Crypto Sportsbook

Quote from: LTU_btc on April 22, 2017, 12:44:35 PM

BTC.COM is re-branded website of Blocktrail.com and I'm sure that they can be trusted. But I don't think that wallet listing on Bitcoin.org can't be main criteria to decide is it wallet trustable or not. Bitcoin.org have listed most centralized bitcoin wallets like Xapo or Coinbase which are known for locking users funds, asking for personal documents and etc, but they removed most popular online wallet Blockchain.info for some unknown ''security problems''.

If they delist or removed it from the site then for sure there would really be a reason on why it has been done.I agree BTC.com is a re-branded website of blocktrail since I do know the history of it once I'm a user of that one.You cant do anything about it if they would like to list those wallets that you mentioned since its the most popular as of now even if they have issues in their service.

Kprawn

legendary

Activity: 1904

Merit: 1074

Quote from: neutraLTC on May 02, 2017, 09:10:35 AM

Hey guys, i'm part of the BTC.com team, I'm open to any questions you may have.

Just to inform you all, we've passed the very stringent Quality and Assurance from bitcoin.org, that's why we're now on there.

Someone asked something along the lines of 'what happens to my bitcoin if BTC.com service is not available?'

If BTC.com is ever unavailable, you are always able to restore your wallet using the BTC.com backup recovery document here: recovery.blocktrail.com (which will continue to work even if our service is down)

Also, we're here to stay.

You offered, so I am asking two questions for now. Wink

1. Who has control over the private keys for the individual users who create wallets on your service?

2. What is your stance on BU vs BTC Core?

These are the most important questions that needs to be answered, before anyone choose what wallet provider they should use. Wink

neutraLTC

legendary

Activity: 1492

Merit: 1021

Hey guys, i'm part of the BTC.com team, I'm open to any questions you may have.

Just to inform you all, we've passed the very stringent Quality and Assurance from bitcoin.org, that's why we're now on there.

Someone asked something along the lines of 'what happens to my bitcoin if BTC.com service is not available?'

If BTC.com is ever unavailable, you are always able to restore your wallet using the BTC.com backup recovery document here: recovery.blocktrail.com (which will continue to work even if our service is down)

Also, we're here to stay.

stompix

legendary

Activity: 2912

Merit: 6403

Blackjack.fun

Quote from: Anon TumbleBit on April 20, 2017, 07:00:51 AM

It is bitmain's domain, aka antpool's domain, this is owned by a huge Chinese mining company. It should be reliable.

And now , I've seen this...
We are quoting a Chinese company being reliable.

And we're using wallets built by a company.Which later on would have their own updates, in a few years they will become closed source and there you have it...

My own rule is to stay 10 feet away from anything a company who's main purpose is profit taking is releasing.

nahtnam

legendary

Activity: 1092

Merit: 1000

nahtnam.com

Quote from: squatz1 on April 23, 2017, 10:21:43 AM

Looks trustworthy but I would personally rather use one of the trusted and reliable ones that have worked and you know what they say, don't fix something that works fine. I personally use BitGo but I've used Blockchain.info for awhile and both of them are pretty viable options for someone that wants to really get the go ahead on working with a wonderful made wallet.

So, just to end it here I'd say don't trust it unless someone says its good and trusted members put reviews up about it. Until then, just stick with the trusted ones.

I used to use blockchain.info, but after creating this thread, I found bitpay wallet. I trust BitPay because ive used them before, they are a reputable company, and they dont have control over the coins but the apps still look good.

squatz1

legendary

Activity: 1666

Merit: 1285

Flying Hellfish is a Commie

Looks trustworthy but I would personally rather use one of the trusted and reliable ones that have worked and you know what they say, don't fix something that works fine. I personally use BitGo but I've used Blockchain.info for awhile and both of them are pretty viable options for someone that wants to really get the go ahead on working with a wonderful made wallet.

So, just to end it here I'd say don't trust it unless someone says its good and trusted members put reviews up about it. Until then, just stick with the trusted ones.

nahtnam

legendary

Activity: 1092

Merit: 1000

nahtnam.com

Quote from: harizen on April 22, 2017, 01:05:57 PM

Quote from: nahtnam on April 19, 2017, 09:28:23 PM

Hey,

I saw that BTC.com was added to this list: https://bitcoin.org/en/choose-your-wallet (in the web section). Can I trust it? Anyone know how good it is? What features do they have?

Thanks.

Same question also applied to other web wallets listed there. Overall, they are all web wallets.

Thinking it was listed there as featured wallets by bitcoin.org, we can see that it passed some of their standard why it was listed there. If it's worth a shot? For me, yes as long as not for storage purposes.

Quote from: LTU_btc on April 22, 2017, 12:44:35 PM

BTC.COM is re-branded website of Blocktrail.com and I'm sure that they can be trusted. But I don't think that wallet listing on Bitcoin.org can't be main criteria to decide is it wallet trustable or not. Bitcoin.org have listed most centralized bitcoin wallets like Xapo or Coinbase which are known for locking users funds, asking for personal documents and etc, but they removed most popular online wallet Blockchain.info for some unknown ''security problems''.

Expect some personal authentication once you used a legit exchanges in most of the cases. Those exchanges won't run freely if they are decentralized. If you don't like the system, better not to use them.

I've heard of every single one of those wallets except for BTC.com which is why I started this thread. I was originally planning on storing my bitcoins there but ive decided to use bitpays wallet.

nahtnam

legendary

Activity: 1092

Merit: 1000

nahtnam.com

Quote from: akamit on April 22, 2017, 02:33:19 PM

Quote from: equator on April 22, 2017, 02:18:47 PM

Quote from: akamit on April 22, 2017, 01:29:56 PM

Quote from: OmegaStarScream on April 20, 2017, 02:11:47 AM

I can only recommend downloading the PDF file they gave you when you first made the wallet, It should help you recover your wallet In case the service close or they go down for one reason or another.

I have created a wallet there.
And also downloaded the pdf file for future recovery if needed.

But I want to learn one thing.
Lets say btc.com closed there service or scam maybe. Then how do we recover our bitcoin with that pdf file?

Just curious to know.

Which wallet you are going to choose according to that the recovery process is their, if you choosing web wallet then you wont be getting any pdf files as web wallet are not safe as they are not controlled by users, desktop wallet is very good, because in this you can recover your wallet if it gets lost or any other problem issues, Like electrum wallet in this when you are installing it it give your passphrase which is enough to reconstruct the wallet if you have lost it or any where you can download the electrum wallet and insert the passphrase and your old wallet is reconstructed

I signed up at btc.com.... It is a web wallet and also they have wallet for mobile.
During sign up process, I downloaded a pdf file for account recovery.

So my question was, if btc.com close their service or maybe scam then how do we recover our bitcoins? No Offence!
This question can be stand for all the web based wallets? Such as blockchain.info / xapo / coinbase etc.

As of me, I have never used any desktop wallet. I have always used web based wallets. My all bitcoins are divided and kept into 4 places.

They will obviously follow a BIP standard, so you just need to find an app that supports the same standard and you can import your bitcoins there.

akamit

hero member

Activity: 1498

Merit: 596

Quote from: equator on April 22, 2017, 02:18:47 PM

Quote from: akamit on April 22, 2017, 01:29:56 PM

Quote from: OmegaStarScream on April 20, 2017, 02:11:47 AM

I can only recommend downloading the PDF file they gave you when you first made the wallet, It should help you recover your wallet In case the service close or they go down for one reason or another.

I have created a wallet there.
And also downloaded the pdf file for future recovery if needed.

But I want to learn one thing.
Lets say btc.com closed there service or scam maybe. Then how do we recover our bitcoin with that pdf file?

Just curious to know.

Which wallet you are going to choose according to that the recovery process is their, if you choosing web wallet then you wont be getting any pdf files as web wallet are not safe as they are not controlled by users, desktop wallet is very good, because in this you can recover your wallet if it gets lost or any other problem issues, Like electrum wallet in this when you are installing it it give your passphrase which is enough to reconstruct the wallet if you have lost it or any where you can download the electrum wallet and insert the passphrase and your old wallet is reconstructed

I signed up at btc.com.... It is a web wallet and also they have wallet for mobile.
During sign up process, I downloaded a pdf file for account recovery.

So my question was, if btc.com close their service or maybe scam then how do we recover our bitcoins? No Offence!
This question can be stand for all the web based wallets? Such as blockchain.info / xapo / coinbase etc.

As of me, I have never used any desktop wallet. I have always used web based wallets. My all bitcoins are divided and kept into 4 places.

jak3

legendary

Activity: 1274

Merit: 1004

I didn't get it. Op is already legendry member and he is referring to the basic site of bitcoin where everyone goes to show newbies about what bitcoin is and how to get started. anyway bitcoin is our world first virtual currency, it has no controller it is run by the network (means miners and everyone, you me everyone) it is capable to transferring anywhere in the world with just small percent of your fees. sorry for my bad English

equator

legendary

Activity: 1190

Merit: 1002

Quote from: akamit on April 22, 2017, 01:29:56 PM

Quote from: OmegaStarScream on April 20, 2017, 02:11:47 AM

I can only recommend downloading the PDF file they gave you when you first made the wallet, It should help you recover your wallet In case the service close or they go down for one reason or another.

I have created a wallet there.
And also downloaded the pdf file for future recovery if needed.

But I want to learn one thing.
Lets say btc.com closed there service or scam maybe. Then how do we recover our bitcoin with that pdf file?

Just curious to know.

Which wallet you are going to choose according to that the recovery process is their, if you choosing web wallet then you wont be getting any pdf files as web wallet are not safe as they are not controlled by users, desktop wallet is very good, because in this you can recover your wallet if it gets lost or any other problem issues, Like electrum wallet in this when you are installing it it give your passphrase which is enough to reconstruct the wallet if you have lost it or any where you can download the electrum wallet and insert the passphrase and your old wallet is reconstructed

akamit

hero member

Activity: 1498

Merit: 596

Quote from: OmegaStarScream on April 20, 2017, 02:11:47 AM

I can only recommend downloading the PDF file they gave you when you first made the wallet, It should help you recover your wallet In case the service close or they go down for one reason or another.

I have created a wallet there.
And also downloaded the pdf file for future recovery if needed.

But I want to learn one thing.
Lets say btc.com closed there service or scam maybe. Then how do we recover our bitcoin with that pdf file?

Just curious to know.

harizen

legendary

Activity: 3122

Merit: 1398

For support ➡️ help.bc.game

Quote from: nahtnam on April 19, 2017, 09:28:23 PM

Hey,

I saw that BTC.com was added to this list: https://bitcoin.org/en/choose-your-wallet (in the web section). Can I trust it? Anyone know how good it is? What features do they have?

Thanks.

Same question also applied to other web wallets listed there. Overall, they are all web wallets.

Thinking it was listed there as featured wallets by bitcoin.org, we can see that it passed some of their standard why it was listed there. If it's worth a shot? For me, yes as long as not for storage purposes.

Quote from: LTU_btc on April 22, 2017, 12:44:35 PM

BTC.COM is re-branded website of Blocktrail.com and I'm sure that they can be trusted. But I don't think that wallet listing on Bitcoin.org can't be main criteria to decide is it wallet trustable or not. Bitcoin.org have listed most centralized bitcoin wallets like Xapo or Coinbase which are known for locking users funds, asking for personal documents and etc, but they removed most popular online wallet Blockchain.info for some unknown ''security problems''.

Expect some personal authentication once you used a legit exchanges in most of the cases. Those exchanges won't run freely if they are decentralized. If you don't like the system, better not to use them.

LTU_btc

legendary

Activity: 3234

Merit: 1375

Slava Ukraini!

BTC.COM is re-branded website of Blocktrail.com and I'm sure that they can be trusted. But I don't think that wallet listing on Bitcoin.org can't be main criteria to decide is it wallet trustable or not. Bitcoin.org have listed most centralized bitcoin wallets like Xapo or Coinbase which are known for locking users funds, asking for personal documents and etc, but they removed most popular online wallet Blockchain.info for some unknown ''security problems''.

steampunkz

sr. member

Activity: 1162

Merit: 268

50% bonus on your First Topup

I think this site can be trusted and will not have a problem in the future. I research a little and review the site and the site say it all example is the site is more than 20 years old Its domain was registered March 25, 1997 and Expire in March 26, 2023 plus they have a secure connection. The site also is gaining more views of 49,905 one the most popular website in the world. So I think this site can be trusted.

nahtnam

legendary

Activity: 1092

Merit: 1000

nahtnam.com

Quote from: deisik on April 20, 2017, 06:26:04 AM

Quote from: Slark on April 20, 2017, 02:53:40 AM

Quote from: OmegaStarScream on April 20, 2017, 02:11:47 AM

I have used them myself and I'm still using them for several months now, I must say that I'm very satisfied with their services when It comes to the Web wallet but the phone wallet is definitely a little buggy. The wallet was previously known as Blocktrail and now It got acquired by Bitmain so there is nothing to be worried about.

I can only recommend downloading the PDF file they gave you when you first made the wallet, It should help you recover your wallet In case the service close or they go down for one reason or another.

If you are fine with having your bitcoin stored online by a third party then BTC.com is as good as any other web wallet.

Bitmain is known Bitcoin Unlimited supporter so in case of possible hard fork in the future, your coins stored there will probably magically shift to Bitcoin Unlimited tokens

As to me, that's one of the reasons to stay away from them

Whenever and wherever politics is involved, ordinary people are most likely set to suffer and lose at the end of the day. So don't get surprised when Bitcoin Unlimited suddenly dies, your bitcoins will just magically disappear altogether. If you have a decent amount of bitcoins, it seems that your only viable option is paper wallet. I wouldn't trust so many coins even to a desktop wallet since you can't be 100% sure the codebase hasn't been tainted or tampered with. And this is apart from regular threats like viruses, trojans and keyloggers

Arent we in control of the coins thought. Thats what the bitcoin website says. In that case, cant we use some software to extract and move our bitcoins?

Premium Bit

newbie

Activity: 1

Merit: 0

Quote from: coinbitte on April 19, 2017, 11:01:27 PM

Quote from: nahtnam on April 19, 2017, 09:28:23 PM

Hey,

I saw that BTC.com was added to this list: https://bitcoin.org/en/choose-your-wallet (in the web section). Can I trust it? Anyone know how good it is? What features do they have?

Thanks.

Who knows, but at least the domain BTC.com itself worth a lot.

Right, the BTC.com domain was paid $1 million a few years ago so that should be verifying that they are serious about their business. However, I have never used their services.

easynote

hero member

Activity: 700

Merit: 500