Offline Wallets Vs Online Wallets - page 4.

alfstep

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Quote from: currencydesigner on February 15, 2018, 03:20:25 AM

I always feel that offline is the best.Offline wallets is only for stopping and holding large amount of Bitcoins. If you gamble or trade frequently then online wallet is a better choice for you.

Exactly, different wallet for different purposes. Offline wallet is the safest out there because it cannot be hacked by as long as you safe the private key offline as well. But as we know, if you frequently use your wallet for trading or any kind of transactions then online wallet is the one suits your need. I personally recommend you to invest in a hardware wallet. Dont risk your asset for possibility of being hacked

Valer4ik

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When choosing a reliable store for bitcoin or other crypto currency, you should pay attention to cold wallets. In them, the crypto currency is stored offline in a physical medium that does not have a direct connection to the Internet. Such wallets provide a much higher degree of protection of electronic money and are well suited for storing large amounts in crypto currency. However, it is worth remembering that it is the preservation of funds for storage - the main function of cold wallets, so for transactions they are not so convenient.

The way out in this situation can be the joint use of cold and hot wallets: the principal amount will be safely stored at the first, a small part for performing quick operations - on the second.

Jerzzz

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I utilize online wallet. I am likewise sure that the security used by the wallet organizations are top notch. Offline wallet is much secure it resembles you have a cash vault in your own home. In any case, on the off chance that you are the one that is hacked, it could be challenging to secure your coins back.

noormcs5

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Quote from: currencydesigner on February 15, 2018, 03:20:25 AM

I always feel that offline is the best.Offline wallets is only for stopping and holding large amount of Bitcoins. If you gamble or trade frequently then online wallet is a better choice for you.

Offline wallets are best in case you do not want to transact often. Online wallets are good in a sense that you can easily access them and can to transactions instantly, but i advise you not to keep majority of the coins in online wallets and keep your savings in offline wallet.

freshm4ker

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For me, both are very good. Where they both have different purposes and uses. Good online wallet is used when you are in trade and other services. Purpose of the wallet offline when you hold bitcoin only. Cool

dwsgh

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Quote from: currencydesigner on February 15, 2018, 03:20:25 AM

I always feel that offline is the best.Offline wallets is only for stopping and holding large amount of Bitcoins. If you gamble or trade frequently then online wallet is a better choice for you.

Because different users want the function and its actual needs are different, the answer to this question is naturally different. Turnip greens, all have love.

ButtCrack

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Quote from: jakezyrus on February 17, 2018, 08:56:03 PM

Quote from: echo11 on February 17, 2018, 08:45:38 PM

Personally,i will choose the online wallet because this type of wallet is stored online on encrypted servers and one of the benefits is that you can access it from anywhere in the world provided you are connected to a reliable internet connection. Apart from encryption, the wallet information is protected with a password that you choose.One of the challenges of using an offline bitcoin wallet is that if malware compromises the app, all the data stored in the wallet will be rendered corrupt. This means that you will not be able to recover your keys/bitcoins if they had not being backed up.

Same here, i do also love online wallets when compare to an offline wallet because i dont have experience any problem regarding in online wallets and ive been using them now for a verry long time. offline wallets on the other hand is only suitable if your always prone to attacks and exploits such as hacking , phishing attempts , malwares , etc and also if your doing business or if you always have a big amount of coins in your balance.

Both are can hacking by hacker anytime when you do not secure your wallet careful. Your wallet security depends on which device you using to access in that wallet. Smartphone or PC or laptop, etc. all can have virus and the hacker will take advantage to access your wallet through that virus.

jakezyrus

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Quote from: echo11 on February 17, 2018, 08:45:38 PM

Personally,i will choose the online wallet because this type of wallet is stored online on encrypted servers and one of the benefits is that you can access it from anywhere in the world provided you are connected to a reliable internet connection. Apart from encryption, the wallet information is protected with a password that you choose.One of the challenges of using an offline bitcoin wallet is that if malware compromises the app, all the data stored in the wallet will be rendered corrupt. This means that you will not be able to recover your keys/bitcoins if they had not being backed up.

Same here, i do also love online wallets when compare to an offline wallet because i dont have experience any problem regarding in online wallets and ive been using them now for a verry long time. offline wallets on the other hand is only suitable if your always prone to attacks and exploits such as hacking , phishing attempts , malwares , etc and also if your doing business or if you always have a big amount of coins in your balance.

echo11

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Personally,i will choose the online wallet because this type of wallet is stored online on encrypted servers and one of the benefits is that you can access it from anywhere in the world provided you are connected to a reliable internet connection. Apart from encryption, the wallet information is protected with a password that you choose.One of the challenges of using an offline bitcoin wallet is that if malware compromises the app, all the data stored in the wallet will be rendered corrupt. This means that you will not be able to recover your keys/bitcoins if they had not being backed up.

LegGekkouga

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Quote from: RubyM on May 22, 2017, 03:28:23 AM

Which of the Bitcoin wallets between the Online and Offline works best?

Online wallet works best but offline wallet has the advantage that you can save your money even if bitcoin falls

Lorin

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Online wallet is also called hot wallet that are connected to internet while offline wallet or cold wallet is not.
I must preffered offline wallet if you want to stored your money.It is safe and pretty much hacker proof

Trela

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Quote from: Linhkej on February 13, 2018, 04:33:15 AM

Quote from: RubyM on May 22, 2017, 03:28:23 AM

Which of the Bitcoin wallets between the Online and Offline works best?

I think offline wallet works better than online wallet. I have a friend who is using offline wallet and my friend is very happy about their security. The seller will give us a usb and our money will be stored in that usb. When we want to trade, use usb and turn it off immediately after the transaction.
That will make the hackers unable to access your wallet.

You do not need to buy any USB like that, if someone tell you that usb is the best choice, that person is lying because you can create this usb from a usb normal without much money to buy an "offline wallet" like you said. A hard disk to store private key without internet, it is very simple

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currencydesigner

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I always feel that offline is the best.Offline wallets is only for stopping and holding large amount of Bitcoins. If you gamble or trade frequently then online wallet is a better choice for you.

Moses Short

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Bitcoin transactions fees are high right now. At least 2 USD, quite possibly more.

Also, an online vs offline wallet won't make a difference. A bitcoin transaction has to be broadcast to the network at some point. So the transaction comes online at some point. In order for the transaction to get processed, it needs a sufficient fee.

mamahdedeh

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Both have differences, if compared then there will be advantages and also shortcomings. If we want a wallet that can support our mobility to perform financial transactions at any time then online wallet can be an option, while when we want a wallet that has a good level of security and also as an investment in a long period of time then I will have an offline wallet. You just choose which one suits your needs.

Milo Hill

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Almost every wallet allows you to set a custom fee or to pick between cheap and fast. Multibit doesn't allow this, I recommend Electrum.

xvids

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I think it depends on you or what would you do with your bitcoin.
Because if you are planning to hold it for a long time then go with the offline wallet or cold storage.
But if you are just going to invest it or do some trading then convert it into fiat to withdraw it then online wallet would do.

Linhkej

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Quote from: RubyM on May 22, 2017, 03:28:23 AM

Which of the Bitcoin wallets between the Online and Offline works best?

I think offline wallet works better than online wallet. I have a friend who is using offline wallet and my friend is very happy about their security. The seller will give us a usb and our money will be stored in that usb. When we want to trade, use usb and turn it off immediately after the transaction.
That will make the hackers unable to access your wallet.

Carlsen

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I suppose that the safest way to handle your coins will be an offline wallet.
An online wallet may be not as safe, but I think its usability is better.
However, the worst thing somebody can do is to keep the coins at an exchange.
As long as you don't do that and stick to the recommended safety measures, I think you will do fine with an online wallet as well.

Robin_Good

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Offline wallets are better, your bitcoins will be safer

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