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Topic: Offline Wallets Vs Online Wallets - page 37. (Read 16653 times)

jr. member
Activity: 44
Merit: 12
June 25, 2017, 11:11:20 PM
#79
The best would be a mix of offline and online depending on whether you use bitcoin often. Also for offline you should consider natural disaster, flooding, loss of hardware..
sr. member
Activity: 2506
Merit: 368
June 25, 2017, 11:10:05 PM
#78
Which of the Bitcoin wallets between the Online and Offline works best?
They do have differences depending on your usage and how you do concern for the security of you coins. Offline wallet would be the best choice when we do tend to store up huge amounts of bitcoin because its somehow secure compared to online but there are still online wallets which is securetoo if you do know how to keep their important informations specially on its private keys.
hero member
Activity: 1750
Merit: 589
June 25, 2017, 11:08:03 PM
#77
Which of the Bitcoin wallets between the Online and Offline works best?
For the online wallet the advantage of using it is the transactions is hassle free because just paste the wallet add and send however the advantage of the offline wallet is the security because you are the only one can open the funds that you are holding because the only way to open it is the private key so in my opinion both have advantages.
hero member
Activity: 2520
Merit: 783
June 25, 2017, 11:05:53 PM
#76
For long term storage, please use offline paper wallet or hardware wallets. Paper wallet must be carefully generated though.

For daily/ frequent use, you can consider one of the mobile wallet- after all you do not bring your computer with you everywhere. Try breadwallet.
I think it's already cleared, based on the purpose and amount of bitcoin obviously.
Small amount of bitcoin and daily transaction - choose online (mobile) wallet.
Huge amount of bitcoin for long term savings - choose offline wallet.
There are a lot of wallets out there, you can research by yourself or read https://99bitcoins.com/best-bitcoin-wallet-2015-bitcoin-wallets-comparison-review/

Yeah simple as that. Always based on purpose like just why did you need a wallet.
This answer is the most accurate so far.
hero member
Activity: 994
Merit: 507
June 25, 2017, 11:04:53 PM
#75
Which of the Bitcoin wallets between the Online and Offline works best?
Well, I would rather to use online wallet because I know that my bitcoin is totally safe, secure and no one will try to hack or stealth it.Using online wallet is very helpful because you can use it to pay your bills easily and instantly. However, some bitcoin users and people still use the offline wallet or the hardware wallet.
But not all online wallets are good and reliable forever, because whatever the name of the website must have a problem and we are storing bitcoin in it must also be affected. Wallet online is good but we must be careful in choosing which one is best.

For me I think they both have their pros and cons and I prefer an online wallet for trading and so I normally have a small percentage of my bitcoins in there while I have the chunk of them saved offline so whatever I make from trading I send the dividends into the offline wallet while I keep trading with the small amount online.

Offline wallet for your savings since it is the most secure while online wallet for transactions that you'll do since it has a lot of features like the aforementioned.

In our country, those who offer services in Bitcoin (particularly the local exchanges) are registered to our central bank as an official company and need to abide with the regulation released regarding Bitcoin and other cryptocurrencies hence they can't just vanish nor the customers would unable them to do anything since they can take legal action regarding this. Even though, I still prefer to store it in an offline wallet and just put some on an online wallet for transactions that I'll be making.
sr. member
Activity: 686
Merit: 253
June 25, 2017, 10:54:22 PM
#74
Which of the Bitcoin wallets between the Online and Offline works best?
Well, I would rather to use online wallet because I know that my bitcoin is totally safe, secure and no one will try to hack or stealth it.Using online wallet is very helpful because you can use it to pay your bills easily and instantly. However, some bitcoin users and people still use the offline wallet or the hardware wallet.
But not all online wallets are good and reliable forever, because whatever the name of the website must have a problem and we are storing bitcoin in it must also be affected. Wallet online is good but we must be careful in choosing which one is best.

For me I think they both have their pros and cons and I prefer an online wallet for trading and so I normally have a small percentage of my bitcoins in there while I have the chunk of them saved offline so whatever I make from trading I send the dividends into the offline wallet while I keep trading with the small amount online.
hero member
Activity: 910
Merit: 512
June 24, 2017, 11:50:52 AM
#73
Which of the Bitcoin wallets between the Online and Offline works best?
Well, I would rather to use online wallet because I know that my bitcoin is totally safe, secure and no one will try to hack or stealth it.Using online wallet is very helpful because you can use it to pay your bills easily and instantly. However, some bitcoin users and people still use the offline wallet or the hardware wallet.
But not all online wallets are good and reliable forever, because whatever the name of the website must have a problem and we are storing bitcoin in it must also be affected. Wallet online is good but we must be careful in choosing which one is best.
legendary
Activity: 2688
Merit: 1065
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June 24, 2017, 11:36:06 AM
#72
online wallet is better then offline wallet

That is a big blatant lie. If you don't have the knowledge to back up what you are saying refrain by not posting it. An online wallet is never better than an offline one.

Yes it can in some of the cases and unique features.

To buy bitcoin, using the service of an online wallet is one of the most quickest way and obviously it's not available at any offline wallet. Using an online wallet too can take us to use our bitcoin into different levels such as direct trades, buy goods online and anything feature where we can use our bitcoin. In other words, using online wallets for service purposes is the one that users must do rather than to make it as general bitcoin wallet which coins will be save there most of the time. They can saved there but take it to the point that not all balls are there.
sr. member
Activity: 812
Merit: 250
June 24, 2017, 09:30:07 AM
#71
Which of the Bitcoin wallets between the Online and Offline works best?
Well, I would rather to use online wallet because I know that my bitcoin is totally safe, secure and no one will try to hack or stealth it.Using online wallet is very helpful because you can use it to pay your bills easily and instantly. However, some bitcoin users and people still use the offline wallet or the hardware wallet.
hero member
Activity: 2590
Merit: 644
June 24, 2017, 06:14:32 AM
#70
Based on the requirement people use different wallets. The wallets get differentiated based on several factors and importantly the access to internet. In such a way we have got online as well offline wallets. For more security purpose offline wallets were preferred, online wallets have got the highest usage as well good security. But hacking possibilities were there. This has been used to hold regular usage funds, whereas offline wallets were used for long term storage.
Yeah before using something we should know what is the use of it. To get the best result we should use both offline and online wallet because if we just use online wallet then we are lacking in security because online wallets are prone to hackers while if we will just use offline wallet then we are lacking of availability because it is not that fast to transfer funds from offline wallet to another wallet. So using both of them is the best.
legendary
Activity: 2646
Merit: 1106
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June 24, 2017, 05:53:41 AM
#69
Based on the requirement people use different wallets. The wallets get differentiated based on several factors and importantly the access to internet. In such a way we have got online as well offline wallets. For more security purpose offline wallets were preferred, online wallets have got the highest usage as well good security. But hacking possibilities were there. This has been used to hold regular usage funds, whereas offline wallets were used for long term storage.
sr. member
Activity: 868
Merit: 257
June 24, 2017, 05:48:42 AM
#68
Which of the Bitcoin wallets between the Online and Offline works best?
Well, the best wallet for me is online wallet because I think my bitcoin is totally safe, secure and no one will try to stealth. In addition, in online wallet you can pay your bills easily and instant without any paper works. However, there are still people who use the offline or hardware wallet that you need to install in your computer.
legendary
Activity: 3318
Merit: 1247
Bitcoin Casino Est. 2013
June 24, 2017, 02:49:58 AM
#67
online wallet is better then offline wallet

That is a big blatant lie. If you don't have the knowledge to back up what you are saying refrain by not posting it. An online wallet is never better than an offline one. The thing is that every online wallet which connects to the internet has risks, as it can be hacked. Offline wallets stay in their slumber for a long time and they are only brought online when the user needs to spend the coins, I am talking about cold storage.
sr. member
Activity: 406
Merit: 250
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June 24, 2017, 02:43:27 AM
#66
I think if you have a lot of bitcoin, you can choose offline wallet because it is safer and can not be hacked.
But it depends on each choice, because every human choice is different.
sr. member
Activity: 1876
Merit: 295
GOD is TRUE
June 24, 2017, 12:17:10 AM
#65
online wallet is better then offline wallet

Extremely bad advice.

If you are storing large amounts of coins always use an offline wallet, no matter what. Not even if it will cost you 100 dollars to set it up. By using an online wallet your coins are only as safe as the company is. And most btc companies get hacked at least once out there.

We have to trust online wallets like blockchain because they have a reliable reputation, but do not keep them completely because the main controls are not left to us, at least they can keep the system safe. Cool/offline wallets also need to be used to store all our bitcoins, but all the responsibilities and problems that will be faced will make us dizzy, sometimes we need someone/sistem else to manage all this.
sr. member
Activity: 308
Merit: 250
June 24, 2017, 12:15:53 AM
#64
online wallet is better then offline wallet

That's too dangerous to advise that.
If for your savings or for huge amount better install offline wallet, its in the word "offline" so its safe from hackers and some evil doings, no one can trace you. Of course, its much safer.

Install online wallets for everyday use or transactions. Store only few amounts for better storage.
hero member
Activity: 588
Merit: 500
June 23, 2017, 11:48:47 PM
#63
online wallet is better then offline wallet

Extremely bad advice.

If you are storing large amounts of coins always use an offline wallet, no matter what. Not even if it will cost you 100 dollars to set it up. By using an online wallet your coins are only as safe as the company is. And most btc companies get hacked at least once out there.
sr. member
Activity: 546
Merit: 250
June 23, 2017, 11:20:52 PM
#62
For big amount of bitcoins, you can use offline wallet but for small amount btc like trading or transaction, you can use online wallet that most of the people use.

Yap as that is the most common advice advice but also the most neglected. Although really both has some issues but oftenly each is design to store btc at your own risk. The biggest risk in offline is losing the private key but that can just be adjusted while online wallets has a lot of hacking instances but you can always choose you online wallet for smaller transactions. It just comes down to how users would take advantage of there own wallets and not the wallets taking advantage of them so take reading before storing.
hero member
Activity: 966
Merit: 552
June 23, 2017, 11:07:45 PM
#61
online wallet is better then offline wallet
No, there are no the most better between online wallet and offline wallet bitcoins
all of them are risk lost bitcoins, the online wallet can be scam service run with your bitcoins,
 offline wallet can be losing the funds if you are lost the private key
never put all of bitcoins on one wallet is better.
full member
Activity: 784
Merit: 112
June 23, 2017, 07:47:40 PM
#60
Online wallets can be hacked and it is not safe to store big amount of coins, If you have a large amount of coins you should go with offline wallets because it is safe and cannot be hacked just make sure you put it in a safe place so no one can steal it from you.
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