Topic: Never trust an online wallet, for those who don't know - page 3. (Read 6937 times)
I'm using xapo for almost a year now and they never ban users for no reason. There are many people who keep blaming websites for banning them but if users break their TOS, they have to ban them. I haven't had such issues with any online wallets nor payment processors and most who have had were at the wrong most of the times. There is no guarantee of any online/offline wallet or even banks and at the end it's one's own choice.
I do not like xapo and will always do,they work like paypal had control on your bitcoin much better if you have a desktop wallet and online one but not a third party like xapo,it is good only for beginners but if you have learn a lot about bitcoin and wallets you should go for a more secured one
Agree, desktop or hardware wallet is still the best for ensuring the safety of our coins 
But still, i like Xapo for their free fee
Would be pretty useful when you ran out of coins to pay the fee
I know that you can set your Desktop wallet to 0 but that would take lot of time to be confirmed
I think anyone with a decent head on their shoulders should know this already. Especially if you're into bitcoin for years already.
I personally use an online wallet only for small transactions, for storing an amount I use a desktop wallet.
I personally use an online wallet only for small transactions, for storing an amount I use a desktop wallet.
I do not like xapo and will always do,they work like paypal had control on your bitcoin much better if you have a desktop wallet and online one but not a third party like xapo,it is good only for beginners but if you have learn a lot about bitcoin and wallets you should go for a more secured one
We are talking about online wallet here, of course desktop wallet is the best compare to online wallets.
I just stated that XAPO is better than Blockchain online wallet.
I regularly use online wallet and I used many of them since I do regular transaction almost everyday. I don't like a hassle one. Im not storing any large amount in a certain wallet as a safe move.
I do not like xapo and will always do,they work like paypal had control on your bitcoin much better if you have a desktop wallet and online one but not a third party like xapo,it is good only for beginners but if you have learn a lot about bitcoin and wallets you should go for a more secured one
I st ill kept using blockchain wallet just to keep few coins there. I just recently installed multibithd wallet to my windows laptop when i tried trading on secondstrade for it works trading on them. From then on I tried saving my coins to this multibit wallet jsut to save coins before i lose it to some dice and betting sites.
there is big difference between blockchain.info 's wallet and XAPO 's wallet
if you read OP he is talking about the rules that these sites (like xapo) have that allows them to block you account and money while you don't have access to your private keys to withdraw your bitcoin.
but bc.i wallet (although not safe) it gives you your private keys and is safer than xapo IMO.
Xapo is a service aimed to make Bitcoin more accesible for the casual bitcoiner (especially the very beginners using faucets for example). I agree that there should be an option somewhere to access your private keys but for common persons using another type of wallet is too complicated, that's why Bitcoin adoption rates are horrible and it's facing a very hard time right now.
i totally agree with this. i have never claimed that services like XAPO are useless. surely they are offering much needed services. especially for new people who are not familiar with how things work with bitcoin transactions.
i am simply trying to compare it to other online wallets while pointing out topics aim.
When the time that bitcoin.org remove blockchain.info in their web wallet list recommendations, I seldom use my blockchain.info and start liking XAPO and Coinbase.
There is a reason why they remove it. bitcoin.org is a big major site so if they removed it there's is really a security problem to that wallet.
I st ill kept using blockchain wallet just to keep few coins there. I just recently installed multibithd wallet to my windows laptop when i tried trading on secondstrade for it works trading on them. From then on I tried saving my coins to this multibit wallet jsut to save coins before i lose it to some dice and betting sites.
there is big difference between blockchain.info 's wallet and XAPO 's wallet
if you read OP he is talking about the rules that these sites (like xapo) have that allows them to block you account and money while you don't have access to your private keys to withdraw your bitcoin.
but bc.i wallet (although not safe) it gives you your private keys and is safer than xapo IMO.
Xapo is a service aimed to make Bitcoin more accesible for the casual bitcoiner (especially the very beginners using faucets for example). I agree that there should be an option somewhere to access your private keys but for common persons using another type of wallet is too complicated, that's why Bitcoin adoption rates are horrible and it's facing a very hard time right now.
i totally agree with this. i have never claimed that services like XAPO are useless. surely they are offering much needed services. especially for new people who are not familiar with how things work with bitcoin transactions.
i am simply trying to compare it to other online wallets while pointing out topics aim.
I st ill kept using blockchain wallet just to keep few coins there. I just recently installed multibithd wallet to my windows laptop when i tried trading on secondstrade for it works trading on them. From then on I tried saving my coins to this multibit wallet jsut to save coins before i lose it to some dice and betting sites.
there is big difference between blockchain.info 's wallet and XAPO 's wallet
if you read OP he is talking about the rules that these sites (like xapo) have that allows them to block you account and money while you don't have access to your private keys to withdraw your bitcoin.
but bc.i wallet (although not safe) it gives you your private keys and is safer than xapo IMO.
Xapo is a service aimed to make Bitcoin more accesible for the casual bitcoiner (especially the very beginners using faucets for example). I agree that there should be an option somewhere to access your private keys but for common persons using another type of wallet is too complicated, that's why Bitcoin adoption rates are horrible and it's facing a very hard time right now.
I st ill kept using blockchain wallet just to keep few coins there. I just recently installed multibithd wallet to my windows laptop when i tried trading on secondstrade for it works trading on them. From then on I tried saving my coins to this multibit wallet jsut to save coins before i lose it to some dice and betting sites.
there is big difference between blockchain.info 's wallet and XAPO 's wallet
if you read OP he is talking about the rules that these sites (like xapo) have that allows them to block you account and money while you don't have access to your private keys to withdraw your bitcoin.
but bc.i wallet (although not safe) it gives you your private keys and is safer than xapo IMO.
I st ill kept using blockchain wallet just to keep few coins there. I just recently installed multibithd wallet to my windows laptop when i tried trading on secondstrade for it works trading on them. From then on I tried saving my coins to this multibit wallet jsut to save coins before i lose it to some dice and betting sites.
I do not use online wallets. I only use the bitcoin local wallet. When I open the wallet software, I am helping the network.
For me trusted one is blockchain info and also coinbase i never experience bad essue yet using coinbase
And also electrum i use too as my cold storage..
I tried xapo before but in the first time i use it its hard to sign in with sms verification 1 hour before you receive the verification code to login..
And also electrum i use too as my cold storage..
I tried xapo before but in the first time i use it its hard to sign in with sms verification 1 hour before you receive the verification code to login..
I use Blockchain and Coinbase and I never had a problem ever since I started using those 2. I downloaded Armory a month ago but I cant get it running so I give up on it and continue using Blockchain and Coinbase. You just need to know how to protect your coins like using 2fa and don't just rely on what the site offers as protection.
I also using both coinbase and xapo, and there is no problem since first time i use it untill now everything is going okay..the main problem i prefer using online wallet is that i have problem to download full blockchain if i use desktop wallet
Here's my strategies on how I deal with everyday transactions as well as remain safe at the end of the day.
I always prefer the second strategy for ultimate security.
- Never sign up on any online wallet(s), including Blockchain.info. But if you are already using Blockchain.info, then you must download their chrome extension to enhance your security measures.
- Buy any hardware wallet(s) with 2FA enabled by default, alongwith a backup seed for recovery.
- If you can't afford to buy hardware wallet(s), create numerous paper wallets instead and import them on your Core wallet or Blockchain.info's chrome extension app to broadcast each transaction as per the requirement. But this process would be too tedious and you'll probably end up losing track on your funds.
- Always create multi-sig addresses for securing each trades. (Here's a tutorial regarding it if you are having Ledger HW.1 as your preferable hardware wallet.)
I always prefer the second strategy for ultimate security.
I use my online wallet just or my backup if something bad happen.
I do agree that we should not put our money in online wallet. It was too risky, too many accident happen back then.
My main reason is i can't completely control my money if i don't have the keys.
Even if you have the keys someone else can control your money if he has too because of any malware or infected apps, there is always a risk.I do agree that we should not put our money in online wallet. It was too risky, too many accident happen back then.
My main reason is i can't completely control my money if i don't have the keys.
Correct, so it's best to store your coins offline and encrypt your wallet.
I for one make sure to store my key on 2 locations
1 cointains half of the key and on other location i got the other half.
I use my online wallet just or my backup if something bad happen.
I do agree that we should not put our money in online wallet. It was too risky, too many accident happen back then.
My main reason is i can't completely control my money if i don't have the keys.
Even if you have the keys someone else can control your money if he has too because of any malware or infected apps, there is always a risk.I do agree that we should not put our money in online wallet. It was too risky, too many accident happen back then.
My main reason is i can't completely control my money if i don't have the keys.
Correct, so it's best to store your coins offline and encrypt your wallet.
I for one make sure to store my key on 2 locations
1 cointains half of the key and on other location i got the other half.
Yeah online wallet is never to trust it, because your bitcoin is in there system.
Just beter to have in your desktop. But I think some online wallet like BlockChain and Coinbase is to trust.
I don't believe they will just scam there is to much people that use it.
Just beter to have in your desktop. But I think some online wallet like BlockChain and Coinbase is to trust.
I don't believe they will just scam there is to much people that use it.
I use my online wallet just or my backup if something bad happen.
I do agree that we should not put our money in online wallet. It was too risky, too many accident happen back then.
My main reason is i can't completely control my money if i don't have the keys.
Even if you have the keys someone else can control your money if he has too because of any malware or infected apps, there is always a risk. I do agree that we should not put our money in online wallet. It was too risky, too many accident happen back then.
My main reason is i can't completely control my money if i don't have the keys.
I have a virtual machine where I run multibitHD and electrum (both lite wallets) where I keep the bulk of my coins in my "savings accounts". It's handy to have both of them because I can just send back and forth between them when I want to upgrade one of them without any risk. Plus the whole VM can be backed up for safety reasons. I don't use the VM for any other purpose at all and unless I am doing something with the wallets I leave it off. Blockchain.info is my "checking account" where I can access coins for easy spending. Even so if I spend a lot, like to buy a new miner from bitmain or someone, I spend from the VM wallets because my blockchain wallet doesn't hold that much.
I use my online wallet just or my backup if something bad happen.
I do agree that we should not put our money in online wallet. It was too risky, too many accident happen back then.
My main reason is i can't completely control my money if i don't have the keys.
I do agree that we should not put our money in online wallet. It was too risky, too many accident happen back then.
My main reason is i can't completely control my money if i don't have the keys.
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