Topic: Offline Wallets Vs Online Wallets - page 24. (Read 16653 times)
I think offline wallet is best. Because we can safe money in this wallet. Even we save big amount of money here. On the other hand online wallet is important for only online works like online shop, trading and investing in other site. So i really like offline wallet.
I like to use online BitCoin wallet only.
Could some one provides me a video tutorial that talks about Offline Wallets and their safety?
Could some one provides me a video tutorial that talks about Offline Wallets and their safety?
Which of the Bitcoin wallets between the Online and Offline works best?
I myself prefer a wallet that can be used offline because it is able to anticipate the theft of people who are not responsible and able to make their own comfort every time I check it.
Which of the Bitcoin wallets between the Online and Offline works best?
I myself prefer a wallet that can be used offline because it is able to anticipate the theft of people who are not responsible and able to make their own comfort every time I check it. 
i think hard wallet just like ledger nano s and trozer would be so convenient ,it can use bitcoin send and receive so quickly . offline wallet i will consider cryptosteel , that will be a long long term holding bitcoin ..
Off line wallet is the best and you need to generate it well that will do a lot of good. The on line wallet is susceptible to more attacks since you are connected to the worldwide web.
Yes right, offline wallet is very safe because it takes a lot of things to be stolen, but for now I still use online wallet because I think easier and simpler so it does not need heavy equipment. I am a trader and I need my Bitcoins frequently that is why I prefer online wallet or in offline, desktop wallet. I have never tried hardware as for now. But I never keep my all bitcoins in one wallet. I diversify them among various wallets. Thus, a security from being robbed off completely if ever happens.
Yes i also prefer online wallet with online wallet you don't have to worry about losing your key or the wallet file. It is safely stored and protected from hackers. The online wallet is not a weak tool hackers can't break in unless you download everything on the internet.
You can also just store your wallet locally, but that is risky hackers can easily take them and upload to their servers. They can break in a child of 12 year can also do that.
The definitions of "online wallet" and "offline wallet" are confused. They mean different things to different people.
Generally, "offline wallet" means the same as "cold storage", or a wallet that is not connected to the internet. Some people use the term to mean a wallet that runs directly on a device -- phone, tablet, computer, etc.
Then you would expect that "online wallet" means a wallet that is connected to the internet -- the same as a "hot wallet", but that's not how most people use the term. Generally, when people refer to an "online wallet", they mean a wallet that is accessed through a web site, and sometimes more specifically an account at a web site that is not really a wallet. This may also be called "web wallet" or "hosted wallet".
I try to avoid using the terms "online" and "offline" because of the confusion.
Cold storage is the safest because someone needs physical access to the wallet to steal the bitcoins. Holding bitcoins in an account on a web site is generally unsafe. Bitcoins in accounts are easily and frequently stolen.
Generally, "offline wallet" means the same as "cold storage", or a wallet that is not connected to the internet. Some people use the term to mean a wallet that runs directly on a device -- phone, tablet, computer, etc.
Then you would expect that "online wallet" means a wallet that is connected to the internet -- the same as a "hot wallet", but that's not how most people use the term. Generally, when people refer to an "online wallet", they mean a wallet that is accessed through a web site, and sometimes more specifically an account at a web site that is not really a wallet. This may also be called "web wallet" or "hosted wallet".
I try to avoid using the terms "online" and "offline" because of the confusion.
Cold storage is the safest because someone needs physical access to the wallet to steal the bitcoins. Holding bitcoins in an account on a web site is generally unsafe. Bitcoins in accounts are easily and frequently stolen.
Can you give the advantages and disadvantages of offline wallets and online wallets
So other people can understand clearly
What they will choose
So other people can understand clearly
What they will choose
I am a trader and I need my Bitcoins frequently that is why I prefer online wallet or in offline, desktop wallet. I have never tried hardware as for now. But I never keep my all bitcoins in one wallet. I diversify them among various wallets. Thus, a security from being robbed off completely if ever happens.
Offline wallets for long term but i think do save in both for most safety and also try to save in exchanger site because i think its more safe there this is base only in my experience here in bitcoin and im not sure about in exchanger but i do that because thats for me is safe than any wallets
Putting your coins in any exchange is usually did for trading purpose. I won't suggest to simply add your coins in the exchange for long term profit as the rules for exchanges may change any time and our coins might not be safe their. If you want to earn some good income from the invested coins than you can use some online investment sites to invest your coins and have a good daily profit there. You will get a good daily interest rate there if you are storing your coins in an investment site. But also be aware about the ponzi schemes.
Which of the Bitcoin wallets between the Online and Offline works best?
everyone always has a different point of view. for me both are good and still the same pungs is a wallet basically.
Exactly, they both have their pros and cons and it depends on what each individual prefers. The old whales I bet would o Eder offline walkers or blockchain qt but newbies who don't want to spend on extra hardware and hard drive space may jut honin for online walkers like coinbase.
With all things related to computer security there is really no such thing as a 100% security guarantee. If you have an online wallet the wallet itself it probably the least of your security concerns (assuming that you have an up to date reputable build). The more likely problems are going to occur first at the human level ie you. getting phished, reusing your assword in multiple places, loosing your phone, tablet, laptop etc.
The second most likely cause of a breach is going to be some piece of malicous software on one of your devices. This could be a Trojan planted within another piece of software, or get accidentally installed by visiting the wrong website or clicking on a dodgy link.
The third most likely problem to occur is going to be a secondary attack - eg your email provider or someone like iCloud or Dropbox gets breached and something of value (eg your private keys) are going to be stored there.
The easiest thing to do is to just automatically make the assumption that online systems are imperfect and bad people are always trying to penetrate them. If you do have online wallets, keep amounts as small as possible and place as many obstacles in the way as possible.
Take simple precautions such as encrypting your hard drive, and making sure your OS is up to date.
Larger amounts should be off line - paper or hardware wallets.
The second most likely cause of a breach is going to be some piece of malicous software on one of your devices. This could be a Trojan planted within another piece of software, or get accidentally installed by visiting the wrong website or clicking on a dodgy link.
The third most likely problem to occur is going to be a secondary attack - eg your email provider or someone like iCloud or Dropbox gets breached and something of value (eg your private keys) are going to be stored there.
The easiest thing to do is to just automatically make the assumption that online systems are imperfect and bad people are always trying to penetrate them. If you do have online wallets, keep amounts as small as possible and place as many obstacles in the way as possible.
Take simple precautions such as encrypting your hard drive, and making sure your OS is up to date.
Larger amounts should be off line - paper or hardware wallets.
Which of the Bitcoin wallets between the Online and Offline works best?
everyone always has a different point of view. for me both are good and still the same pungs is a wallet basically.
Offline wallet is safer. It is also easier to manage and very flexible like you can change the receiving address anytime.
I agree with this. This isn't to say that online wallets are not safe, it's just that offline wallets are much safer. It's convenience vs security, and you don't really have to choose as you can use both for different purposes.
Online wallet helps you make it easier, you can make fast transactions, bitcoin payments and other types of cryto currency.
However, I noticed that online wallets of many people have problems related to security, hacking and theft
Wallet offiline helps you to store your bitcoin more securely, people often store large amounts of their cryto-money assets here and for a long time.
However, I noticed that online wallets of many people have problems related to security, hacking and theft
Wallet offiline helps you to store your bitcoin more securely, people often store large amounts of their cryto-money assets here and for a long time.
when using the AdWords wallet should work well and not disappoint its users?
What the hell are you talking about? Are you telling that Google jumped into Bitcoin?
Which of the Bitcoin wallets between the Online and Offline works best?
Offline wallet is the best wallet for bitcoin. Online wallet is prone to hacking and online wallet usually don't give your private key. As the saying goes "If you do not control your private key, you do not control your bitcoin. Off line wallet is the best and you need to generate it well that will do a lot of good. The on line wallet is susceptible to more attacks since you are connected to the worldwide web.
Innws much as offline wallets are the best they also comes with hug investment before you can effectively use it and Fats why newbies especially are ok with online wallets because they don't have to invest in any hardware to get their coins safely stored.
Offline wallets have a very less possibility of getting hacked and you will be the owner of your private keys. Whereas its not the same case for that of online wallets,you do not have access to your own private keys in most of the online wallets. Online wallets are easy to use and has ease of mobility. I mostly use online wallets for regular transactions and offline wallets for holding for long term.
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