Do we have a secure online wallet yet? - page 2.

ranochigo

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Activity: 3038

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Crypto Swap Exchange

Quote from: BTCevo on July 04, 2015, 01:06:57 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)?

I guess there are no any secure online wallet like you asking and every online wallet is having chance to get attacked so if you want to save your bitcoin try cold storage like paper wallet. May be it will help you secure it

True that not everything can be secured but it would be much more secure if the owner audit their website regularly to ensure that no one has injected malicious codes which can capture the keyphrase for decryption [greenaddress.it]. By not keeping/encrypting the private key on the server at all time, the possibility of getting hacked is reduced since if the server does get hacked, your private key wouldn't get revealed. If they have to get your passphrase to compromise your address and it would be an additional hurdle for them as it is difficult to do it without infecting your computer or without detection when malicious code is injected in the server.

Quote from: BTCevo on July 04, 2015, 01:06:57 PM

Quote from: twister on July 04, 2015, 12:46:30 PM

https://greenaddress.it/ is probable the safest imho, since it is multisig and funds can't be moved unless someone has both the keys but I still can't get myself to trust any online wallet.

Btw is that greenaddress is safe enough? Because if Im not mistaken someone claim that greenaddress is scam because he can't even withdraw his bitcoin there. If Im not mistaken he got 10 bitcoin there and he already emailed them but no reply after 24 hours

I don't believe greenaddress.it is a scam. They seem to be a bit poorly designed based on my experience. The android app kept on crashing at times and it can be frustrating. However, if that person has inserted a email, a nlocktime script would be sent to him for redemption and he can redeem it once it expires, IIRC. The only problem IMO is remembering the passphrase.

ajareselde

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Quote from: Xialla on July 04, 2015, 05:56:41 PM

Quote from: cogabonito on July 04, 2015, 05:37:42 PM

Why don't you just use Bitcoin Core? It's super user friendly, everybody can use it. It's the most secure and stable wallet, basically a no brainer. Use it!

on desktop? are you serious or you are just trolling? what is advantage to run core over some light wallets? except helping network, what is actually valid, only if you are running core on server...

I must say i agree with you here; i'm still running core due to certain reasons, but it's just a pain in the ass. Takes forever to load, downloads whole damn blockchain,syncing wallet 20 minutes, and so on.
I also have Electrum now, and the change is refreshing, everything is much faster now.

@OP, i would advise you not to use any online wallet, due to obvious reasons. It's much better just to use local wallet and store it on usb drive, or, if you have bigger amounts, just buy trezor wallet or similar.
Trusting your money to others in faith that nothing bad will happen is not a smart move, since you have nothing to gain, and much to loose. Keep it decentralized in every way possible.

cheers

Xialla

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Activity: 1036

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/dev/null

Quote from: cogabonito on July 04, 2015, 05:37:42 PM

Why don't you just use Bitcoin Core? It's super user friendly, everybody can use it. It's the most secure and stable wallet, basically a no brainer. Use it!

on desktop? are you serious or you are just trolling? what is advantage to run core over some light wallets? except helping network, what is actually valid, only if you are running core on server...

cogabonito

sr. member

Activity: 240

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Why don't you just use Bitcoin Core? It's super user friendly, everybody can use it. It's the most secure and stable wallet, basically a no brainer. Use it!

monbux

legendary

Activity: 1736

Merit: 1029

Quote from: ransomer on July 04, 2015, 02:15:38 PM

So papers and USBs..

How do you think people with a ton of BTCs store them.. like the Winklevoss twins? Would they have one paper account with a gazillion coins, or a million paper slips with 10 BTCs on each.. or something else?

They are almost definetly split up into smaller fractions of their total holdings, probably spread out in safe areas - such as bank deposit boxes or something, maybe one hidden under their bed. They might also have some electronic secure wallets like a trezor.

ransomer

newbie

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So papers and USBs..

How do you think people with a ton of BTCs store them.. like the Winklevoss twins? Would they have one paper account with a gazillion coins, or a million paper slips with 10 BTCs on each.. or something else?

monbux

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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?

PolarPoint

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Activity: 672

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Unless you run an air-gapped transaction signing machine, or a good hardware wallet, there is no "secure" wallet at all. Offline wallets are also insure. They are susceptible to keyloggers and malware. Online wallets are insecure by design. Hackers could hack the wallet server and inject code to reveal your private keys to them. If you choose to use an online wallet, you have to accept the risks involved.

Do I discourage the use of online wallets? No, because I think most users need a wallet they can access anywhere, not only at home. Just keep a minimal amount of bitcoin in online wallets and send coins to more secure wallets when the balance builds up.

dezoel

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Leading Crypto Sports Betting & Casino Platform

safest online wallet still not recommended, only use online wallet for small ammount of btc. For me, cold storage like armory is better. Wink

RustyNomad

sr. member

Activity: 336

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One thing I've learned since becoming involved with bitcoin is that you trust nothing you do not have full control over.

I will never be able to sleep with any funds lying on an exchange and or online wallet. Hell, I do not even trust software wallets.

Only wallet I trust is a paper wallet which was generated the way it should be.

ShamrockHannah

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★777Coin.com★ Fun BTC Casino!

Still using blockchain.Info I find it to be if decent security for my needs. I'm not exactly a BTCillionaire.

What is actually the safest wallet in you guys opinions? I'm not just talking about online ones either. I mean all types of wallet.

You know just in case I ever become a serious BTC success

BTCevo

legendary

Activity: 1834

Merit: 1008

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)?

I guess there are no any secure online wallet like you asking and every online wallet is having chance to get attacked so if you want to save your bitcoin try cold storage like paper wallet. May be it will help you secure it

Quote from: twister on July 04, 2015, 12:46:30 PM

https://greenaddress.it/ is probable the safest imho, since it is multisig and funds can't be moved unless someone has both the keys but I still can't get myself to trust any online wallet.

Btw is that greenaddress is safe enough? Because if Im not mistaken someone claim that greenaddress is scam because he can't even withdraw his bitcoin there. If Im not mistaken he got 10 bitcoin there and he already emailed them but no reply after 24 hours

Xialla

legendary

Activity: 1036

Merit: 1001

/dev/null

secure and online? uhh, I'm not sure, if this combination will happen anytime in the future:) problem with online machines is not just remote attack but also fact, that you dunno where are servers and who and how is managing physical access to DC.

maybe I'm so conservative, but electrum for small amounts below and for rest just paper works for me fine..I don't se any reason why to store more than 1 BTC online..

scarsbergholden

hero member

Activity: 686

Merit: 500

I dont think there is such thing has an online wallet, online wallets are expose to every type to attack, from the user being attack directly to the central company server being hacked, the suggestion is to keep the smallest possible amount on a online wallet you can or if you need to you that specific wallet for.

amaclin

legendary

Activity: 1260

Merit: 1019

It is nonsence.
Using online wallet you should trust that the code does not contain bugs.
By the way: the same situation with "client" (non-online) wallet software.

If the code owners do not know your private keys - this does not mean that your private keys can be leaked through their software

twister

hero member

Activity: 672

Merit: 502

https://greenaddress.it/ is probable the safest imho, since it is multisig and funds can't be moved unless someone has both the keys but I still can't get myself to trust any online wallet.

ransomer

newbie

Activity: 56

Merit: 0

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)?

Topic: Do we have a secure online wallet yet? - page 2. (Read 1494 times)