Online or Desktop Wallet? | Bitcointalksearch.org

ranochigo

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Quote from: CleansingRains on November 09, 2014, 04:54:49 PM

Quote from: Muhammed Zakir on November 09, 2014, 03:21:54 PM

Quote from: vanbtc on November 09, 2014, 11:54:37 AM

Online wallet like blockchain.info

Currently, there is only one wallet like blockchain.info . Roll Eyes

~~MZ~~

No there are many online wallets but blockchain.info is the only trusted one and the longest running.....online wallets can be found inside coinbase too which is used by many just for hot wallets and not actually trading.

I think you misinterpreted it, wallets like blockchain.info do not store the user's private key and allow the user's to control their own private key instead of sending them all to one shared wallet like coinbase, giving the user no control over their coins as they have no private key.

CleansingRains

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Quote from: Muhammed Zakir on November 09, 2014, 03:21:54 PM

Quote from: vanbtc on November 09, 2014, 11:54:37 AM

Online wallet like blockchain.info

Currently, there is only one wallet like blockchain.info . Roll Eyes

~~MZ~~

No there are many online wallets but blockchain.info is the only trusted one and the longest running.....online wallets can be found inside coinbase too which is used by many just for hot wallets and not actually trading.

Muhammed Zakir

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Quote from: vanbtc on November 09, 2014, 11:54:37 AM

Online wallet like blockchain.info

Currently, there is only one wallet like blockchain.info . Roll Eyes

~~MZ~~

Muhammed Zakir

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Quote from: silvestar on November 07, 2014, 08:57:06 AM

Quote from: raveldoni on November 06, 2014, 05:27:59 AM

Quote from: ARadzi on November 01, 2014, 08:26:16 AM

Quote from: Radelderth on November 01, 2014, 07:55:10 AM

Quote from: 1echo on October 31, 2014, 11:27:38 PM

desktop is more secure

A lot people lost their bitcoin from desktop wallet..

one thing that makes me paranoid to put it all in one wallet. any other suggestion?

Make paper wallets and store them in a safe box. Use several different addresses.

If you are going to store the several paper wallets in the same place (in your example, a safe box), it won't provide extra security. You either lose all your bitcoin in your several wallets, or you don't lose any of your bitcoin.

To make the paper wallets even more safe, you can employ BIP38 encryption (you need not only the paper wallet but also a password to spend the bitcoin) or create a m-of-n wallet and store them in different places (you need to have at least m different pieces out of a total of n pieces to spend the bitcoin).

That isn't a good idea, IMO. Because if we didn't get m paper wallets, then everything will go. It is better to save BTC in different wallets and put it in different places. So even if 1 or 2 get lost, we can get the remaining ones. Roll Eyes

~~MZ~~

vanbtc

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Online wallet like blockchain.info

silvestar

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Quote from: raveldoni on November 06, 2014, 05:27:59 AM

Quote from: ARadzi on November 01, 2014, 08:26:16 AM

Quote from: Radelderth on November 01, 2014, 07:55:10 AM

Quote from: 1echo on October 31, 2014, 11:27:38 PM

desktop is more secure

A lot people lost their bitcoin from desktop wallet..

one thing that makes me paranoid to put it all in one wallet. any other suggestion?

Make paper wallets and store them in a safe box. Use several different addresses.

If you are going to store the several paper wallets in the same place (in your example, a safe box), it won't provide extra security. You either lose all your bitcoin in your several wallets, or you don't lose any of your bitcoin.

To make the paper wallets even more safe, you can employ BIP38 encryption (you need not only the paper wallet but also a password to spend the bitcoin) or create a m-of-n wallet and store them in different places (you need to have at least m different pieces out of a total of n pieces to spend the bitcoin).

silvestar

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Quote from: raveldoni on November 06, 2014, 05:26:43 AM

Use online wallets only for small sums, and keep the coins in there minimal amount of time. And watch out for online wallet scams, not all are legit.

Software wallet is a safe thing, or try paper and brain wallet if you're too paranoid.

Brainwallet is a pretty bad idea IMO, as your brainwallet passphrase need to be long and random to be safe but human brain isn't good at producing random strings.

raveldoni

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Quote from: ARadzi on November 01, 2014, 08:26:16 AM

Quote from: Radelderth on November 01, 2014, 07:55:10 AM

Quote from: 1echo on October 31, 2014, 11:27:38 PM

desktop is more secure

A lot people lost their bitcoin from desktop wallet..

one thing that makes me paranoid to put it all in one wallet. any other suggestion?

Make paper wallets and store them in a safe box. Use several different addresses.

raveldoni

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Use online wallets only for small sums, and keep the coins in there minimal amount of time. And watch out for online wallet scams, not all are legit.

Software wallet is a safe thing, or try paper and brain wallet if you're too paranoid.

ranochigo

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Quote from: ARadzi on November 01, 2014, 08:26:16 AM

Quote from: Radelderth on November 01, 2014, 07:55:10 AM

Quote from: 1echo on October 31, 2014, 11:27:38 PM

desktop is more secure

A lot people lost their bitcoin from desktop wallet..

one thing that makes me paranoid to put it all in one wallet. any other suggestion?

You can create a cold storage wallet and transfer majority of your funds offline (60-90%) and make a desktop wallet with small percentage of coins enough for day use. It should be secure enough as long as you don't download and run softwares that are suspicious.

ARadzi

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Quote from: Radelderth on November 01, 2014, 07:55:10 AM

Quote from: 1echo on October 31, 2014, 11:27:38 PM

desktop is more secure

A lot people lost their bitcoin from desktop wallet..

one thing that makes me paranoid to put it all in one wallet. any other suggestion?

Radelderth

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Quote from: 1echo on October 31, 2014, 11:27:38 PM

desktop is more secure

A lot people lost their bitcoin from desktop wallet..

OmegaStarScream

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Quote from: ARadzi on October 13, 2014, 10:17:49 AM

I'm new into crypto currency and was wondering which wallet I should use in terms of security.

in terms of security ? that would be Offline wallets , I recommend Electrum Wink

or you can use Hardware wallet .

1echo

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desktop is more secure

ScryptAsic

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Quote from: Mccoy818 on October 30, 2014, 05:56:57 AM

Desktop wallet they said is more safer compared to online wallet

Quote from: tanaka on October 30, 2014, 09:09:15 AM

I am currently using online wallet, is it advisable or not?

Quote from: fredthegambler on October 29, 2014, 09:11:19 PM

Desktop wallet. Ive read something that online wallet is not safe as you think it is.

Quote from: petersiddle98 on October 29, 2014, 10:21:27 PM

Quote from: fredthegambler on October 29, 2014, 09:11:19 PM

Desktop wallet. Ive read something that online wallet is not safe as you think it is.

Agree, but you need to secure your desktop wallet too..

A desktop wallet is generally going to be more secure then an online wallet, as you will generally have access to your private keys with a desktop wallet while you will not with an online wallet (blockchain.info being the exception to this - however blockchain does have it's own vulnerabilities)

If you were to use an "offline" wallet (eg cold storage) then your money will be much safer then either an online wallet or a desktop wallet, however you do have your own risks of not being able to access your money if you backup your wallet in too of an "exotic" fashion

Moonpig

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Quote from: tanaka on October 30, 2014, 09:09:15 AM

I am currently using online wallet, is it advisable or not?

Depends which one and how safe you are with it. I like to use blockchain.info for money I will be spending frequently and have a desktop wallet on a safe computer for my savings.

tanaka

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I am currently using online wallet, is it advisable or not?

Mccoy818

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Desktop wallet they said is more safer compared to online wallet

petersiddle98

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Quote from: fredthegambler on October 29, 2014, 09:11:19 PM

Desktop wallet. Ive read something that online wallet is not safe as you think it is.

Agree, but you need to secure your desktop wallet too..

Bitcoin Explorer

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Quote from: cookiemonsterwhat on October 13, 2014, 10:23:11 AM

I use a desktop wallet, since I can back up the balance.

Websites that are online wallets can lose your balance as its saved on a server. Even though the thought maybe unlikely, I`m just paranoid it can happen.

I use blockchain and is perfect for me. You can get wallet back ups also. It's my perfect choice. But you should still stay safe. Maybe use a sandboxed Web browser when using the online wallet

Topic: Online or Desktop Wallet? (Read 6455 times)