Do we have a secure online wallet yet?

Mickeyb

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Move On !!!!!!

Quote from: target on October 27, 2015, 12:41:03 PM

reading all through these replies made me more confuse as to which wallet to use Undecided

Use an Electrum or Multibit. With any of these two, you can't go wrong. Of course that the safest is Bitcoin Core but is also very resource hungry. You won't lose much with Electrum for example in the terms of security, but you will gain a lot of computer usability, especially if you have older machine.

Don't use online wallets though. Online wallets are not as safe and you don't control your funds which is one of the Bitcoin strengths. You are pretty much believing a third party (online wallet providers) on keeping your coins safe.

ranochigo

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Quote from: Amph on October 28, 2015, 07:24:41 AM

Quote from: ranochigo on October 27, 2015, 11:59:29 PM

Quote from: ajareselde on October 27, 2015, 11:53:21 PM

Quote from: target on October 27, 2015, 12:41:03 PM

reading all through these replies made me more confuse as to which wallet to use Undecided

If you don't mind slow sync time use bitcoin core, where you don't depend on any third party or service, and if you prefer very fast sync time, use electrum, those are my favorites.
Just make sure you don't use any of the cloud wallets, both due to security and access, which depends entirely on that third party.

cheers

The problem with Bitcoin Core is the disk space and limited bandwidth. Bitcoin Core uses too much disk space (As of 0.11.1, pruning is not implemented on wallet mode) and bandwidth. Even with SPV clients, the user would have trouble accessing it at any place which does not allow downloading and installation of programs. Cloud wallets has an advantage in this factor.

50gb isn't a problem anymore nowadays, there are software that are even bigger and people store them all the time

you have the evo which can have up to 1 tera now, and it's a ssd, which mean that it will remove or your problem about synching

Name me one that needs at least 50GB of storage space and does not continuously grow. Even games occupy at most 30GB. Sure there are bigger drives, the price is still a major problem. A simple 128GB SSD would cost up to $50 and you are almost guaranteed to use up all of them for your OS and daily things.

We still have the bandwidth problem to solve.

Amph

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Quote from: ranochigo on October 27, 2015, 11:59:29 PM

Quote from: ajareselde on October 27, 2015, 11:53:21 PM

Quote from: target on October 27, 2015, 12:41:03 PM

reading all through these replies made me more confuse as to which wallet to use Undecided

If you don't mind slow sync time use bitcoin core, where you don't depend on any third party or service, and if you prefer very fast sync time, use electrum, those are my favorites.
Just make sure you don't use any of the cloud wallets, both due to security and access, which depends entirely on that third party.

cheers

The problem with Bitcoin Core is the disk space and limited bandwidth. Bitcoin Core uses too much disk space (As of 0.11.1, pruning is not implemented on wallet mode) and bandwidth. Even with SPV clients, the user would have trouble accessing it at any place which does not allow downloading and installation of programs. Cloud wallets has an advantage in this factor.

50gb isn't a problem anymore nowadays, there are software that are even bigger and people store them all the time

you have the evo which can have up to 1 tera now, and it's a ssd, which mean that it will remove or your problem about synching

Laosai

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Quote from: target on October 27, 2015, 12:41:03 PM

reading all through these replies made me more confuse as to which wallet to use Undecided

Well its because people have different perspectives. I suggest you try every secured wallet suggested on this thread then feel free to decide what you will use depending on what wallet you are comfortable with. Wink

OROBTC

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Quote from: target on October 27, 2015, 12:41:03 PM

reading all through these replies made me more confuse as to which wallet to use Undecided

For relative beginners (like me), I would look at having at least two wallets:

1) an online wallet with perhaps $40 worth of BTC, maybe in your mobile device

2) the other 90% or more in a hardware wallet like Trezor or Ledger Nano (both of which I use and like)

I have not used Electrum, Armory, nor paper wallets so cannot comment beyond above.

ranochigo

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Quote from: ajareselde on October 27, 2015, 11:53:21 PM

Quote from: target on October 27, 2015, 12:41:03 PM

reading all through these replies made me more confuse as to which wallet to use Undecided

If you don't mind slow sync time use bitcoin core, where you don't depend on any third party or service, and if you prefer very fast sync time, use electrum, those are my favorites.
Just make sure you don't use any of the cloud wallets, both due to security and access, which depends entirely on that third party.

cheers

The problem with Bitcoin Core is the disk space and limited bandwidth. Bitcoin Core uses too much disk space (As of 0.11.1, pruning is not implemented on wallet mode) and bandwidth. Even with SPV clients, the user would have trouble accessing it at any place which does not allow downloading and installation of programs. Cloud wallets has an advantage in this factor.

ajareselde

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Satoshi is rolling in his grave. #bitcoin

Quote from: target on October 27, 2015, 12:41:03 PM

reading all through these replies made me more confuse as to which wallet to use Undecided

If you don't mind slow sync time use bitcoin core, where you don't depend on any third party or service, and if you prefer very fast sync time, use electrum, those are my favorites.
Just make sure you don't use any of the cloud wallets, both due to security and access, which depends entirely on that third party.

cheers

target

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reading all through these replies made me more confuse as to which wallet to use Undecided

ranochigo

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Quote from: melisande on July 09, 2015, 10:38:47 AM

Somehow I believe xapo online wallet is secure due to the verifications and other stuffs included.

Most of the verifications is to prevent compromise of the account. The wallet can still be compromised by weak RNGs or attacks on the backend which can result in the loss of BTC. Even if it is very secure such that no hacker can reach it, employees can still steal the money or SE attacks can allow attackers to gain access.

favdesu

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Quote from: ?? on ??

There is no online wallet that is 100% secure. In the mean time, if you're interested, you can check out the wallet we built at BitDrive.io. We've tried to make it as secure as possible using the latest software and security updates.

do you use multi-sig and 2fa like for example ninki?

edit: "*HD, multisignature and offline features will be available soon." I see.

melisande

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Somehow I believe xapo online wallet is secure due to the verifications and other stuffs included.

favdesu

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Quote from: avatar_kiyoshi on July 06, 2015, 11:55:58 AM

I only used mycelium and electrum. It's much secure for me, especially new version of electrum, they support for multisig and available for 2fa.

2fa on electrum is nice and stuff, but I've heard some horror stories about people losing their mobile and didn't backup their seed words properly... lost forever

avatar_kiyoshi

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I only used mycelium and electrum. It's much secure for me, especially new version of electrum, they support for multisig and available for 2fa.

favdesu

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I consider ninki, greenaddress, mycelium and electrum as pretty much secure. as hot wallets though.

ranochigo

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Quote from: Herbert2020 on July 05, 2015, 07:17:48 AM

i have been using blockchain.info online wallet for a long time now, and i had never have any problems with it. but i try to keep small amounts there and keep most of my coins in cold wallet.

i have never tried Coinbase but i think it is suitable for elderly!

Coinbase is a much worst idea as you can't control your private key unless you specifically ask to.

Quote from: ekin4 on July 05, 2015, 08:43:59 AM

Bitcoin Core is the most secure wallet. Any online wallet can't be secure, because it's online.

If you consider it, Bitcoin Core as a desktop wallet would need internet to function. It would be exposed to most of the danger that online wallet has so are SPV clients. Online wallet can be made more secure if your private keys aren't exposed to anyone other than you. This can be done if they open source it and allow people to review the source code. Blockchain.info encrypts your private key using your password and doesn't send the password to the server. That being said, I still don't trust them due to the numerous incidents.

ekin4

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Bitcoin Core is the most secure wallet. Any online wallet can't be secure, because it's online.

xmaxbit

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I would always vote for blockchain.info . I have been using it for years and so far I havent faced any problem with it . When its down , it means they are busy in maintaining their website , but sometimes I see some codes which pops out in a red box and this is what I dislike , however I never had any problem with it .

Herbert2020

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i have been using blockchain.info online wallet for a long time now, and i had never have any problems with it. but i try to keep small amounts there and keep most of my coins in cold wallet.

i have never tried Coinbase but i think it is suitable for elderly!

Amph

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besides blockchain.info which i find to be the safest but not 100% safe as usual

you can create your personal online wallet by running your own server with your own level of security, it would be pretty safe, like running it locally

none ever said that the online wallet server should belong to someone else

Graphics

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Quote from: monbux on July 04, 2015, 02:09:00 PM

Quote from: ransomer on July 04, 2015, 12:41:46 PM

Or have we taken a step backwards to stuffing our mattresses with paper notes, and hiding USB sticks in the attic?

So - in your opinion what are the most secure on-line wallets, and are any of them actually secure enough to use (for the average grand mother, baker, postman, computer uninterested person, 89 year old etc)?

It's OBVIOUSLY not as secure as offline wallets. The reason being, the more convenient it is, it's probably less secure.
For example, take a look at coinbase. It's less secure than blockchain, BUT you can buy bitcoins directly from them, and you can send bitcoins without TX fees via email (I believe).

Just consider, do you want more convenient or more secure wallets?

We can use local wallet and online wallet as well. Local wallet is for storing most of your bitcoin. Online one is for the daily spending. So we could take the advantages of convenient and secure wallets at the same time!

Topic: Do we have a secure online wallet yet? (Read 1491 times)