Author

Topic: choice of hot online wallets (Read 463 times)

newbie
Activity: 21
Merit: 0
December 17, 2017, 08:35:01 AM
#15
With the hard fork approaching I saw bitcoin.org suggests to shun away from the hard fork adopters such as coinbase, blockchain and xapo? Any good online wallet to use?

Does anyone know those which online wallet those big exchanges such as bitstamp, kraken, bitffinex use? Do they use 3rd party hot wallet or they are using their own proprietary online wallet?





Hi All,


Anyone can you Plz help me


i have access fine with https://freebitco.in/?op=home# with my Gmail Username, but i am facing access issues with my Gmail account

At this situation how to withdraw existed BTC from https://freebitco.in/?op=home# to other wallet.


Thanks
Chakradhar
legendary
Activity: 2576
Merit: 1655
October 30, 2017, 06:13:51 AM
#14
With the hard fork approaching I saw bitcoin.org suggests to shun away from the hard fork adopters such as coinbase, blockchain and xapo? Any good online wallet to use?

Does anyone know those which online wallet those big exchanges such as bitstamp, kraken, bitffinex use? Do they use 3rd party hot wallet or they are using their own proprietary online wallet?




Don't use a web wallet, period. Sure you can find some that actually allow you to hold your own private keys but usually, what you'll find is that either there is a difficulty in exporting the private keys when you need it since they don't support one fork or another or that they just don't give you access to it at all.

Use electrum, it's a small download and it's fast and safe.

Unless you can't download software for whatever reason, then use wallets on bitcoin.org that are listed as you being in full control.

Yap, electrum is your best choice, lightweight user friend and very fast. You can also adjust fees in case you need it. Well web wallets has its used though, but if you planning to hold big amounts then its not recommendable. And its really hard to trust them specially your private keys.

I have used them in the past but just for small amounts and for trading purposes only. I would immediately moved my coins to my electrum wallet so that I can have a good night sleep knowing that my coins is safe with me.
hero member
Activity: 644
Merit: 501
October 30, 2017, 03:12:47 AM
#13
With the hard fork approaching I saw bitcoin.org suggests to shun away from the hard fork adopters such as coinbase, blockchain and xapo? Any good online wallet to use?

Does anyone know those which online wallet those big exchanges such as bitstamp, kraken, bitffinex use? Do they use 3rd party hot wallet or they are using their own proprietary online wallet?




Don't use a web wallet, period. Sure you can find some that actually allow you to hold your own private keys but usually, what you'll find is that either there is a difficulty in exporting the private keys when you need it since they don't support one fork or another or that they just don't give you access to it at all.

Use electrum, it's a small download and it's fast and safe.

Unless you can't download software for whatever reason, then use wallets on bitcoin.org that are listed as you being in full control.
copper member
Activity: 2856
Merit: 3071
https://bit.ly/387FXHi lightning theory
October 29, 2017, 05:09:44 PM
#12
iam using https://freebitco.in/ as online walled !
they have best fees for sending bitcoins and a small interest rate for holding bitcoins there !
and they offered on all forks to withdraw the fork or exchange .



kind regards

Hopefully you have not deposited all your funds there as this is not at all recommended. Freebitcoin is just a faucet who thinks can be a wallet too. They can decide to shut down business anytime they feel like their business is not giving them the profit they were used too. In this case your bitcoins are gone down with them. Keep your bitcoins in Electrum, paper wallet, cold storage or a hardware wallet.

It's not a good idea to store large amounts there long term. I doubt that company will be leaving any time soon though (I hope at least)...
legendary
Activity: 3318
Merit: 1247
Bitcoin Casino Est. 2013
October 29, 2017, 04:54:33 PM
#11
iam using https://freebitco.in/ as online walled !
they have best fees for sending bitcoins and a small interest rate for holding bitcoins there !
and they offered on all forks to withdraw the fork or exchange .



kind regards

Hopefully you have not deposited all your funds there as this is not at all recommended. Freebitcoin is just a faucet who thinks can be a wallet too. They can decide to shut down business anytime they feel like their business is not giving them the profit they were used too. In this case your bitcoins are gone down with them. Keep your bitcoins in Electrum, paper wallet, cold storage or a hardware wallet.
sr. member
Activity: 532
Merit: 250
October 27, 2017, 06:18:23 PM
#10
With the hard fork approaching I saw bitcoin.org suggests to shun away from the hard fork adopters such as coinbase, blockchain and xapo? Any good online wallet to use?

Does anyone know those which online wallet those big exchanges such as bitstamp, kraken, bitffinex use? Do they use 3rd party hot wallet or they are using their own proprietary online wallet?




Keep your bitcoins in a wallet where you can control your own private keys. Something like electrum, armory, bitcoin core. That is the safest way to go about things. Blockchain.info has a sophisticated export procedure now and i wouldn't recommend them.

Never use a 3rd party when it's a hard fork coming up. You're putting too much trust in them for no reason.
legendary
Activity: 1582
Merit: 1031
October 27, 2017, 04:03:15 PM
#9
iam using https://freebitco.in/ as online walled !
they have best fees for sending bitcoins and a small interest rate for holding bitcoins there !
and they offered on all forks to withdraw the fork or exchange .



kind regards
full member
Activity: 552
Merit: 107
October 27, 2017, 03:09:31 PM
#8
With the hard fork approaching I saw bitcoin.org suggests to shun away from the hard fork adopters such as coinbase, blockchain and xapo? Any good online wallet to use?

Does anyone know those which online wallet those big exchanges such as bitstamp, kraken, bitffinex use? Do they use 3rd party hot wallet or they are using their own proprietary online wallet?




online wallet is So risky so if you have your own PC or android Download wallet safe backup and private Key and start using it .

fro online wallet Blockchain.info is good but not recommended
Yes, I have pretty good knowledge about online wallet. It's risky though, right now using only blockchain and coinbade. will try to forward hardware wallet.
legendary
Activity: 2702
Merit: 4002
October 27, 2017, 11:05:09 AM
#7
With the hard fork approaching I saw bitcoin.org suggests to shun away from the hard fork adopters such as coinbase, blockchain and xapo? Any good online wallet to use?

Does anyone know those which online wallet those big exchanges such as bitstamp, kraken, bitffinex use? Do they use 3rd party hot wallet or they are using their own proprietary online wallet?




online wallet is So risky so if you have your own PC or android Download wallet safe backup and private Key and start using it .

fro online wallet Blockchain.info is good but not recommended
legendary
Activity: 1624
Merit: 2481
October 27, 2017, 10:22:06 AM
#6
Online wallets are unsafe because the your private key will be shared by the wallet provider.
In the case of Coinbase and Xapo, yes.

Blockchain.info, Green Address and BitGo are not in a position of enough power to steal your coins, provided that you use the features that they let you use.  I'm sure that there are some others as well.  In blockchain.info's case, you have access to your private keys.

Blockchain.info is not safe either. The "feature" to access your private keys is no guarantee you are the only one who has access to this key.
I would always recommend a desktop wallet. At least a mobile wallet.

This is also the best way to ensure you are getting your new coins after the fork. Just make sure to have a backup of your private keys and dont let someone spy on you.
hero member
Activity: 1792
Merit: 534
Leading Crypto Sports Betting & Casino Platform
October 27, 2017, 09:53:25 AM
#5
Online wallets are unsafe because the your private key will be shared by the wallet provider.
In the case of Coinbase and Xapo, yes.

Blockchain.info, Green Address and BitGo are not in a position of enough power to steal your coins, provided that you use the features that they let you use.  I'm sure that there are some others as well.  In blockchain.info's case, you have access to your private keys.
bitcoincore, electrum and multibit
Multibit is no longer maintained and has had some serious bugs.  You should stop suggesting it.
Does anyone know those which online wallet those big exchanges such as bitstamp, kraken, bitffinex use? Do they use 3rd party hot wallet or they are using their own proprietary online wallet?
It differs from exchange to exchange, but usually they will have most of their coins in cold storage, and they will take out what they need for a certain period into hot wallets that they control.  There should be an automatic system for the hot wallets to send out withdrawals when requested by their users.
hero member
Activity: 1148
Merit: 523
CryptoTalk.Org - Get Paid for every Post!
October 27, 2017, 09:30:43 AM
#4
With the hard fork approaching I saw bitcoin.org suggests to shun away from the hard fork adopters such as coinbase, blockchain and xapo? Any good online wallet to use?

Does anyone know those which online wallet those big exchanges such as bitstamp, kraken, bitffinex use? Do they use 3rd party hot wallet or they are using their own proprietary online wallet?




Online wallets are unsafe because the your private key will be shared by the wallet provider. If you are looking to safe wallet you please go with the desktop wallets such as bitcoincore, electrum and multibit wallet to have bitcoins safely.
Polenix and bitrex are exchanges widely used and localbitcoins is my favorite whenever I need to convert the bitcoin for any fiat cash.
hero member
Activity: 938
Merit: 559
Did you see that ludicrous display last night?
October 27, 2017, 05:53:41 AM
#3
Green Address is pretty appealing.  They have multisignature wallets in which the transactions need to be signed by both you and Green Address, so they don't control your coins on their own.

They also have nLocktime transactions so that your coins can be automatically sent to an address which you fully control at a certain date, in case Green Address becomes unable or unwilling to sign your transaction, and I also think they do 2-of-3 multisig wallets.

BitGo has a similar system as well.

legendary
Activity: 3038
Merit: 4418
Crypto Swap Exchange
October 27, 2017, 05:13:33 AM
#2
With the hard fork approaching I saw bitcoin.org suggests to shun away from the hard fork adopters such as coinbase, blockchain and xapo? Any good online wallet to use?
No, they are either:
1. Unsafe
2. Have zero guarantee of giving you access to your coins.

How hard is it to get a desktop wallet? Its the only way you can get full access of your coins.
Does anyone know those which online wallet those big exchanges such as bitstamp, kraken, bitffinex use? Do they use 3rd party hot wallet or they are using their own proprietary online wallet?
It's impossible to tell. However, they are likely running their own wallet as the backend. Using a third party for the hot wallet would be way too hard.


newbie
Activity: 26
Merit: 0
October 27, 2017, 04:56:26 AM
#1
With the hard fork approaching I saw bitcoin.org suggests to shun away from the hard fork adopters such as coinbase, blockchain and xapo? Any good online wallet to use?

Does anyone know those which online wallet those big exchanges such as bitstamp, kraken, bitffinex use? Do they use 3rd party hot wallet or they are using their own proprietary online wallet?


Jump to: