Topic: Most Secure bitcoin wallet ? - page 12. (Read 36312 times)
Cold storage is the best way to secure Bitcoins. A paper wallet is offline and not prone to malware/viruses. Hot wallets like blockchain.info are easily crack-able and the Bitcoins can get stolen. Cold storage is offline, and no node can access the funds.
Coinbase has a good think that even if someone bypass the password you can activate the 2FA for transaction over x.xx BTC.
This makes even more secure your bitcoins in your "wallet", we should try to get most of the security features.
Even though we don't control completely the funds, because coinbase does not provide private key.
This makes even more secure your bitcoins in your "wallet", we should try to get most of the security features.
Even though we don't control completely the funds, because coinbase does not provide private key.
That is part of their security though not giving out the key. I suspect to get their digital assets insured it had to be locked down pretty tight.
For a advanced user it would be nice to have the private key. But honestly for a new user they are doing them a favor not handing out the key. So I think there is good to it. But i admit I don't completely like the idea of not being able to use a private key and import your own btc into a wallet off their site.
If you mean about the encrypted link between a server and a client then most of the websites nowadays have implemented SSL.
It makes their website secure but the OP is asking about the wallet how secure is it, but coinbase wallets are not much secured.
They can be shut down at any time that the coinbase can be offline or out of the market, so your don't possess in your hand.
The thing that is suppose to stop it with coinbase is it in insured - https://support.coinbase.com/customer/portal/articles/1662379-how-is-coinbase-insured-
From what I get out of it if you alone lose bitcoins it is not covered. But if somehow site is hacked or employee did it and big money is gone it should be insured. Hopefully this is never tested out... but there is at least something there.
It is enough secure but it does not make completetly safe.
Because it depends also and from you, a strong password.
Also implementing the two factor authentication which increase the security level.
It is true it is not 100 pecent safe. But it does have some insurance which most BTC sites/wallets do not. So it is a nice feature for them to have.
Basically if you are targeted as a single person and account is compromised because of you then you lose your btc no insurance. Turning on 2 factor is a good idea as even if a "bad guy" has your password they cant log in without that 2nd factor authentication.
But if site has a hack where it's coinbase's fault, then yes you should get your coins back. So how it was compromised is a big deal as far as their insurance protection.
Coinbase has a good think that even if someone bypass the password you can activate the 2FA for transaction over x.xx BTC.
This makes even more secure your bitcoins in your "wallet", we should try to get most of the security features.
Even though we don't control completely the funds, because coinbase does not provide private key.
If you mean about the encrypted link between a server and a client then most of the websites nowadays have implemented SSL.
It makes their website secure but the OP is asking about the wallet how secure is it, but coinbase wallets are not much secured.
They can be shut down at any time that the coinbase can be offline or out of the market, so your don't possess in your hand.
The thing that is suppose to stop it with coinbase is it in insured - https://support.coinbase.com/customer/portal/articles/1662379-how-is-coinbase-insured-
From what I get out of it if you alone lose bitcoins it is not covered. But if somehow site is hacked or employee did it and big money is gone it should be insured. Hopefully this is never tested out... but there is at least something there.
It is enough secure but it does not make completetly safe.
Because it depends also and from you, a strong password.
Also implementing the two factor authentication which increase the security level.
It is true it is not 100 pecent safe. But it does have some insurance which most BTC sites/wallets do not. So it is a nice feature for them to have.
Basically if you are targeted as a single person and account is compromised because of you then you lose your btc no insurance. Turning on 2 factor is a good idea as even if a "bad guy" has your password they cant log in without that 2nd factor authentication.
But if site has a hack where it's coinbase's fault, then yes you should get your coins back. So how it was compromised is a big deal as far as their insurance protection.
If you mean about the encrypted link between a server and a client then most of the websites nowadays have implemented SSL.
It makes their website secure but the OP is asking about the wallet how secure is it, but coinbase wallets are not much secured.
They can be shut down at any time that the coinbase can be offline or out of the market, so your don't possess in your hand.
The thing that is suppose to stop it with coinbase is it in insured - https://support.coinbase.com/customer/portal/articles/1662379-how-is-coinbase-insured-
From what I get out of it if you alone lose bitcoins it is not covered. But if somehow site is hacked or employee did it and big money is gone it should be insured. Hopefully this is never tested out... but there is at least something there.
It is enough secure but it does not make completetly safe.
Because it depends also and from you, a strong password.
Also implementing the two factor authentication which increase the security level.
Maybe Armory is the best one, but I hope more wallets will be peer reviewed and we will have safety in all of them and only the design will be different.
I don't know if I stick with Web-based
if you want to use web-based u can use blockchain.info, 2fa enabled with sms or email verification
or go to Desktop applications
Bitcoin Core is Best choice
if you want to use web-based u can use blockchain.info, 2fa enabled with sms or email verification
or go to Desktop applications
Bitcoin Core is Best choice
Cold storage is the best way to secure bitcoin wallet. When nobody knows the funds available with you, then the chances to steal from you would be very less.When everybody needs a hot wallet to manage daily transactions, then
cold stored bitcoin has nothing to do for that. Then we need a strong password.
cold stored bitcoin has nothing to do for that. Then we need a strong password.
Securing bitcoins is the first eduction we need to spread among newbies. Because people focus on making new bitcoins
and leaving the wallet security. That may end up in fatal.So, to avoid that kind of situations, we must secure our wallet first then start earning bitcoins.
and leaving the wallet security. That may end up in fatal.So, to avoid that kind of situations, we must secure our wallet first then start earning bitcoins.
Yes Coinbase is exchange company but its wallet is not bad and secure.
coinbase is multifungsi wallet
~you can buy and sell at 1 account
~you can acces your public key so u can write signature message
but not for privatekey
Desktop wallets are more secured than online wallet in my view. Because in desktop wallet the private keys are being kept within our hard disk. But, on a online wallet your privatekeys are not with you. So you are sharing your private information with third party.
Yes Coinbase is exchange company but its wallet is not bad and secure.
coinbase is multifungsi wallet
~you can buy and sell at 1 account
~you can acces your public key so u can write signature message
but not for privatekey
Yes Coinbase is exchange company but its wallet is not bad and secure.
coinbase is multifungsi wallet
~you can buy and sell at 1 account
~you can acces your public key so u can write signature message
but not for privatekey
Malware is in the wild that can steal bitcoin http://www.geektime.com/2014/06/29/new-malware-that-targets-bitcoin-wallets-identified/ and keyloggers can swipe your password or just brute force it. Use a Trezor or Ledger to protect your private keys.
Or use cold wallets. This is the risk with any hot wallet is that you lose it to malware/virus.
Two factor authentication can help. In some cases they could have the password but if you have 2 factor that is something not on computer the password alone does them no good.
Malware is in the wild that can steal bitcoin http://www.geektime.com/2014/06/29/new-malware-that-targets-bitcoin-wallets-identified/ and keyloggers can swipe your password or just brute force it. Use a Trezor or Ledger to protect your private keys.
All the desktop wallets are secured if we go with encrypted. So, if the private keys are within you and it's encrypted by a strong password, that wallet is the secured one.
If you mean about the encrypted link between a server and a client then most of the websites nowadays have implemented SSL.
It makes their website secure but the OP is asking about the wallet how secure is it, but coinbase wallets are not much secured.
They can be shut down at any time that the coinbase can be offline or out of the market, so your don't possess in your hand.
The thing that is suppose to stop it with coinbase is it in insured - https://support.coinbase.com/customer/portal/articles/1662379-how-is-coinbase-insured-
From what I get out of it if you alone lose bitcoins it is not covered. But if somehow site is hacked or employee did it and big money is gone it should be insured. Hopefully this is never tested out... but there is at least something there.
I installed the green address app on my cousin's phone. I think its pretty convenient and moderately secure.
If you mean about the encrypted link between a server and a client then most of the websites nowadays have implemented SSL.
It makes their website secure but the OP is asking about the wallet how secure is it, but coinbase wallets are not much secured.
They can be shut down at any time that the coinbase can be offline or out of the market, so your don't possess in your hand.
IMO, all of the wallets are somewhat safe and secure.
You don't know which one may be hacked, which is a perfectly possible event.
So I chose one with 2FA, mnemonic, phone access, and alias.
That is blockchain.info.
It also has relatively low fees, and the fact you can use private wallets.
My other wallets have been Hive, and Coinbase.
Hive was painfully basic, little to no security.
Coinbase's fees were a tad high and there was talk of lower security/hackages.
So, I swapped over to blockchain.info, which has all of the security options stated above, it has the same addresses, and it also *has the 5+ ways to download|backup your wallet!*
Seems pretty damn secure to me!
Yes, it is always possible to have your wallet be hacked, site wide.
Just like having Paypal, or some other big bank.
Just like having a bank being hold up and robbed at gunpoint.
But if you have 8+ ways to keep your shiz safe, there is def. no way your personal wallet will be hacked
Just my thoughts as a growing bitcoin newbie
x_Molotov
You don't know which one may be hacked, which is a perfectly possible event.
So I chose one with 2FA, mnemonic, phone access, and alias.
That is blockchain.info.
It also has relatively low fees, and the fact you can use private wallets.
My other wallets have been Hive, and Coinbase.
Hive was painfully basic, little to no security.
Coinbase's fees were a tad high and there was talk of lower security/hackages.
So, I swapped over to blockchain.info, which has all of the security options stated above, it has the same addresses, and it also *has the 5+ ways to download|backup your wallet!*
Seems pretty damn secure to me!
Yes, it is always possible to have your wallet be hacked, site wide.
Just like having Paypal, or some other big bank.
Just like having a bank being hold up and robbed at gunpoint.
But if you have 8+ ways to keep your shiz safe, there is def. no way your personal wallet will be hacked
Just my thoughts as a growing bitcoin newbie
x_Molotov
Multibit HD is my recommendation
1. Desktop wallet
2. Hardware wallet interface option
3. Hierarchically deterministic
But now a days people look for multi-signature wallet?
I think electrum is better than multibit hd, multibit hd has fewer options. 1. Desktop wallet
2. Hardware wallet interface option
3. Hierarchically deterministic
But now a days people look for multi-signature wallet?
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