Is blockchain.info wallet safe? | Bitcointalksearch.org

SeNeor

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Quote from: arsenalfun on January 17, 2015, 03:45:59 AM

So as bitstamp has been hacked, I wonder if blockchain.info is safe enough?

Thanks Grin

No online wallet is entirely safe but blockchain.info has some security layers like computer, email and phone sms confirmation before they allow users to log into their accounts but you should not keep all your btc in an online wallet.

fasdorcas

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Quote from: MAbtc on August 08, 2017, 03:30:15 AM

Quote from: Mahanton on August 07, 2017, 08:15:34 AM

Yes it is safe and ive been using it since i do engage and know about bitcoin.It is safe as long you didnt give any informations about your wallet and setting email verification and 2fa would really a good security into your wallet and now blockchain would really give you the access on your keys which is really nice feature as of now unlike in the past that they dont give they keys but now you can able to do such thing.

It's not as safe as a desktop wallet, and it's much less safe than cold storage. I've read about potential JS attacks that make blockchain.info vulnerable. The fact is, whether potentially devastating attacks are currently known yet or not, you don't control the software which controls your keys on blockchain.info. That should worry you. I'm certainly not sophisticated enough to understand the potential attacks, but I feel much more secure with my encrypted desktop wallet.

You can add 2FA to an electrum wallet too, if you want. BCI is better than a straight up 3rd party web wallet, but it's definitely not great for holding much value.

Yep, what you said is all truth. Web wallets are not really that much safe, though some of them can be highly secured, of course, but to a certain level. Their security is not guaranteed to be 100% safe (not sure if the most secured is even up to 80%). So if you want to save a large amount of bitcoin, I suggest you adopt cold storage for that. Use online wallet for a certain amount.

Tyrantt

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Quote from: jossiel on August 08, 2017, 08:19:03 AM

Most of us say that web wallets aren't safe and it's vulnerable for attacks and it has lesser security features. I would yes, that's true but what if you will do small amount of transactions?

They are the convenient way of storing bitcoins online and it's up to you on how you will handle your bitcoins.

You just be aware of clicking certain links that are untrusted and don't fall for phishing links.

Well that pretty much goes for everything. your wallet is safe as you tend to keep it. if you're visiting dodgy websites, downloading some unlicensed softwares, etc... you're not really being that safe, yeah? You just need to be careful what are you doing and also use all of the given security measures.

MAbtc

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Quote from: john2231 on August 08, 2017, 04:26:30 PM

Quote from: MAbtc on August 08, 2017, 02:45:56 PM

Quote from: jossiel on August 08, 2017, 08:19:03 AM

Most of us say that web wallets aren't safe and it's vulnerable for attacks and it has lesser security features. I would yes, that's true but what if you will do small amount of transactions?

If you're using them to collect giveaways and things of that nature, sure. But if we're talking about really insignificant sums of coins (at least in terms of today's value), then I would probably use Coinbase. Coinbase is great for collecting large amounts of small inputs, since you don't need to pay any transaction fees when you want to finally move your coins out. Yes, there is 3rd party risk. But they are a tightly regulated company and we aren't talking about risking very much.

I think they are asking for the miners fee before last month when i was use their wallet..
Are you sure that coinbase right now are not asking for the miners fee and you are free to transact without paying miners fee?
Because past month ago before segwit activation coinbase is asking for miners fee i just want to clarify since i already transfer my funds to my electrum wallet just to be safe before segwit..

You're right. I misspoke. They charge a miner's fee, but I believe it's a relatively flat fee based on current network fees. In other words, if you send them dozens and dozens of inputs, they'll still charge a standard miner's fee based on standard wallet procedure. They won't take into account how expensive sending a transaction composed of many dozens of inputs really is. If you sent this type of transaction from your own wallet, you'd end up paying a good deal of it in transaction fees. I believe this can be avoided when using Coinbase.

john2231

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Quote from: MAbtc on August 08, 2017, 02:45:56 PM

Quote from: jossiel on August 08, 2017, 08:19:03 AM

Most of us say that web wallets aren't safe and it's vulnerable for attacks and it has lesser security features. I would yes, that's true but what if you will do small amount of transactions?

If you're using them to collect giveaways and things of that nature, sure. But if we're talking about really insignificant sums of coins (at least in terms of today's value), then I would probably use Coinbase. Coinbase is great for collecting large amounts of small inputs, since you don't need to pay any transaction fees when you want to finally move your coins out. Yes, there is 3rd party risk. But they are a tightly regulated company and we aren't talking about risking very much.

I think they are asking for the miners fee before last month when i was use their wallet..
Are you sure that coinbase right now are not asking for the miners fee and you are free to transact without paying miners fee?
Because past month ago before segwit activation coinbase is asking for miners fee i just want to clarify since i already transfer my funds to my electrum wallet just to be safe before segwit..

MAbtc

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Quote from: jossiel on August 08, 2017, 08:19:03 AM

Most of us say that web wallets aren't safe and it's vulnerable for attacks and it has lesser security features. I would yes, that's true but what if you will do small amount of transactions?

If you're using them to collect giveaways and things of that nature, sure. But if we're talking about really insignificant sums of coins (at least in terms of today's value), then I would probably use Coinbase. Coinbase is great for collecting large amounts of small inputs, since you don't need to pay any transaction fees when you want to finally move your coins out. Yes, there is 3rd party risk. But they are a tightly regulated company and we aren't talking about risking very much.

jossiel

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Most of us say that web wallets aren't safe and it's vulnerable for attacks and it has lesser security features. I would yes, that's true but what if you will do small amount of transactions?

They are the convenient way of storing bitcoins online and it's up to you on how you will handle your bitcoins.

You just be aware of clicking certain links that are untrusted and don't fall for phishing links.

MiXxe

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Quote from: mehedi24 on July 29, 2017, 08:35:53 AM

Online wallet are risky to use, but blockchain is a good wallet. If someone use 2FA then its more safe to use.so blockchain wallet is safe.

In any case web wallet is risky we are not so sure who are behind it . I also use that blockchain wallet and many more so in with that i can reduce the risk of losing all that i have , Using 2fa is a good authenticator only for those who wants to steal your money but if that web wallet runs we cant do anything .

MAbtc

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Quote from: Mahanton on August 07, 2017, 08:15:34 AM

Yes it is safe and ive been using it since i do engage and know about bitcoin.It is safe as long you didnt give any informations about your wallet and setting email verification and 2fa would really a good security into your wallet and now blockchain would really give you the access on your keys which is really nice feature as of now unlike in the past that they dont give they keys but now you can able to do such thing.

It's not as safe as a desktop wallet, and it's much less safe than cold storage. I've read about potential JS attacks that make blockchain.info vulnerable. The fact is, whether potentially devastating attacks are currently known yet or not, you don't control the software which controls your keys on blockchain.info. That should worry you. I'm certainly not sophisticated enough to understand the potential attacks, but I feel much more secure with my encrypted desktop wallet.

You can add 2FA to an electrum wallet too, if you want. BCI is better than a straight up 3rd party web wallet, but it's definitely not great for holding much value.

BitHodler

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Quote from: Pejoh Asu on July 31, 2017, 03:49:20 AM

Yes right, all online wallet is at risk, even offline wallet is also at risk, but I think it depends on our way in addressing the problem, it is safer if we do not rely on one type of wallet, dividing our bitcoin into some wallet is the best way.

Dividing your coins over various wallets won't do much if you expose yourself to all kinds of risks that may come from online wallet services or you not properly securing your backups.

Nothing beats proper offline storage. Offline storage means that you store your private keys on a piece of paper, or a hardware wallet, that at all times has no connection to the internet.

People often think that when they use a desktop client that they are safe from whatever threats, but that obviously isn't the case ~ it gives people a false sense of security. Offline is the way to go for long term storage.

Mahanton

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Yes it is safe and ive been using it since i do engage and know about bitcoin.It is safe as long you didnt give any informations about your wallet and setting email verification and 2fa would really a good security into your wallet and now blockchain would really give you the access on your keys which is really nice feature as of now unlike in the past that they dont give they keys but now you can able to do such thing.

Konthol Ngaceng

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If asked safe, of course safe, because I've been using more than a year and become the only my bitcoin wallet. The most important thing is we must have to enable all 2FA security features, so it is difficult for thieves to hack our account.

Pejoh Asu

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Quote from: mehedi24 on July 29, 2017, 08:35:53 AM

Online wallet are risky to use, but blockchain is a good wallet. If someone use 2FA then its more safe to use.so blockchain wallet is safe.

Yes right, all online wallet is at risk, even offline wallet is also at risk, but I think it depends on our way in addressing the problem, it is safer if we do not rely on one type of wallet, dividing our bitcoin into some wallet is the best way.

mehedi24

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Online wallet are risky to use, but blockchain is a good wallet. If someone use 2FA then its more safe to use.so blockchain wallet is safe.

Zrs

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Quote from: ibuddy122505 on July 26, 2017, 09:56:44 AM

About security measures and others use blockchain.info wallet can be recommended. But, you should not wonder if your accounts come to getting hacked. Try to use those listed wallet, which have been reviewed by bitcoin.org. It might be OK.

Correct. Blockchain is a safe and mostly uses wallet. large number of people using this wallet as a first class wallet.But online wallet is not safe wallet, If you want to safest wallet then you have to use Electrum or mycelium or desktop wallet.Bitcoin.org said to use Electrum or mycelium wallet may be.

ibuddy122505

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About security measures and others use blockchain.info wallet can be recommended. But, you should not wonder if your accounts come to getting hacked. Try to use those listed wallet, which have been reviewed by bitcoin.org. It might be OK.

ChronoLite

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Quote from: iamaruf on July 21, 2017, 08:24:03 AM

As far i know blockchain.info is safe.But i don't like online wallet. I will suggest you to use electrum,bitcoincore or any desktop wallet.But blockchain.info is most better than any other wallet. but use two step verification and don't forget to save your phrase.

Not all people can download full blockchain or just too lazy to install and wait to synchronized properly with Blockchain network so using Bitcoin web wallet is a good way to store Bitcoin and it's easy to use but you have to face the cons like sometime it will down or you can't access it sometimes.

Raja_MBZ

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Blockchain is probably the safest in all web-wallets.

But there is always a risk involved in web-wallets, I'd still recommend paper wallets.

Pejoh Asu

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I use blockchain.info about 16 months, I used to buy 2 btc when bitcoin price around $ 220 and I save 1.29 btc and almost 7 months I never open and all balance is still safe and not reduced.

mrjoy15

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Quote from: ?? on ??

I am a regular user of Blockchain.info wallet. I am using it about 8 month past. Not yet face any big problem with my blockchain wallet. I think its safe to me. because i use 2FA on my wallet. private key is the most important document for blockchain wallet.If you can save it in a safe place than your wallet is safe. But desktop wallet is the best wallet .

Same here. I've also more than 1 years experience of using Blockchain.info wallet. As Blockchain take care much about security, treat as most popular bitcoin site and online wallet. But, only having your own wallet, such as a hardware wallet will be suggested.

Topic: Is blockchain.info wallet safe? (Read 6355 times)