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!

ranochigo

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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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/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

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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

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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

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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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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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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

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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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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

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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)?

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

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/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

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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

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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

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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

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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? (Read 1511 times)