Topic: Newbie Question - page 2. (Read 1334 times)
I don't use blockchain.info any more. The machine you access it with will always be the weak spot and they themselves have had a few issues too. For smaller amounts I use a phone wallet now. Mycelium does a nice job.
I'm still very confused about Bitcoin. Now, I opened a wallet from blockchain, ok? And you know, I have the identifier, pass, mnemonic info and etc...
Do I need to something extra? I mean, isn't this enough? Why people are using other wallets?
Do I need to something extra? I mean, isn't this enough? Why people are using other wallets?
hello there,
you can use that wallet for pocket change and everyday use.
when you have larger amounts, you should use cold storage or a hardware wallet:
https://bitcointalksearch.org/topic/overview-bitcoin-hardware-wallets-secure-your-coins-899253
There are different reasons people use different wallets, first is security as mentioned in post after you, second is if you don't transact higher amounts, then multibit is the best option for you, if you have good internet and transact higher amounts, then Bitcoin Core or Electrum are good options.
As said before, blockchain is an online wallet which doesn't seem to be as secure as offline and desktop-based wallets.
As said before, blockchain is an online wallet which doesn't seem to be as secure as offline and desktop-based wallets.
I'm still very confused about Bitcoin. Now, I opened a wallet from blockchain, ok? And you know, I have the identifier, pass, mnemonic info and etc...
Do I need to something extra? I mean, isn't this enough? Why people are using other wallets?
Do I need to something extra? I mean, isn't this enough? Why people are using other wallets?
1st what coinshot said, but also specifically blockchain.info (dont say blockchain it leads to misunderstandings) has a history of beeing unreliable. One great thing about bitcoin is that you can be the only person responsible for your money. If you are using an online wallet you also have to rely on other people.
I'm still very confused about Bitcoin. Now, I opened a wallet from blockchain, ok? And you know, I have the identifier, pass, mnemonic info and etc...
Do I need to something extra? I mean, isn't this enough? Why people are using other wallets?
you need to keep your Identifier, and recover phrase somewhere safe. preferably written on a paper.Do I need to something extra? I mean, isn't this enough? Why people are using other wallets?
also use a strong password and make sure to enable two factor authentication for extra security.
now you only need to give others your bitcoin address in order to be able to receive bitcoins.
people use other wallets because they are more reliable and safer.
if you have significant amount i suggest you to look into other wallets specially try to use a cold storage for big amounts.
because online wallet are not seen as a 100% secure or more secure than your local wallet
they have another problem besides the infection that your computer can have
their server can be infected as well, so you don't have a fully control over security
you must trust their work, if they fail you lose your money, it happened in the past
they have another problem besides the infection that your computer can have
their server can be infected as well, so you don't have a fully control over security
you must trust their work, if they fail you lose your money, it happened in the past
I'm still very confused about Bitcoin. Now, I opened a wallet from blockchain, ok? And you know, I have the identifier, pass, mnemonic info and etc...
Do I need to something extra? I mean, isn't this enough? Why people are using other wallets?
Do I need to something extra? I mean, isn't this enough? Why people are using other wallets?
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