I'm not really sure what's the paper wallet you're refering to, but i've downloaded the whole blockchain and i keep it updated everyday. As for the transaction fee, does it increase if i use bitcoin-qt ?
No, however if you pay off chain it doesn't need to go through the blockchain - so no fee.
Topic: Online wallet or private client, which is better? (Read 495 times)
I guess it is same risk as hosting the wallet in your pc. Just don't keep lots of them in online wallets. Maybe for temporary holding it while you are maintaining your pc and stuffs.
I'm not really sure what's the paper wallet you're refering to, but i've downloaded the whole blockchain and i keep it updated everyday. As for the transaction fee, does it increase if i use bitcoin-qt ?
No, however if you pay off chain it doesn't need to go through the blockchain - so no fee.
I'm not really sure what's the paper wallet you're refering to, but i've downloaded the whole blockchain and i keep it updated everyday. As for the transaction fee, does it increase if i use bitcoin-qt ?
Hey guys, i've recently started using BTC and i've installed Bitcoin-Qt. I have 0.003 on it atm ( from faucets :/ ) but i'd like to know your opinion about the wallet, should i try to transfer this to an online website wallet? Either way what's the difference?
bitcoin-qt: You have the private keys used to send the bitcoins, so you have full control over the coins. This is a better approach if your concerned about safety/security. If you have larger amounts of coins, you'll want to store them on an offline computer or paper wallet. This does require downloading the whole blockchain and the GBs worth of data it contains (except for paper wallets).
online wallet: The operator has the private keys needed to sign, and you basically interface with them to sign the transactions. You might be able to get the private keys exported, or someway use the private key without them knowing the actual private key (passphrase?). Either way this method can be less secure, but more convenient and avoids downloading the whole blockchain.
There are many pros/cons on here, but for the most part running your own wallet is considered best. For more security, keep the computer running the wallet software offline. For long term storage, use a paper wallet, and store it in a safe place.
First of all, I run Inputs, so I'm a bit biased 
Online wallets can offer many advantages, but they carry the downside that you must trust the operator and that your coins will generally be inaccessible if the server is down / under maintenance. An online wallet is not less secure than a offline wallet, Inputs has numerous security filters such as IP filtering, 2FA and GPG auth.
If you only have small amounts, then you probably don't want to spend it on the transaction fee - which is where off chain TXes come in handy.
Online wallets can offer many advantages, but they carry the downside that you must trust the operator and that your coins will generally be inaccessible if the server is down / under maintenance. An online wallet is not less secure than a offline wallet, Inputs has numerous security filters such as IP filtering, 2FA and GPG auth.
If you only have small amounts, then you probably don't want to spend it on the transaction fee - which is where off chain TXes come in handy.
Hey guys, i've recently started using BTC and i've installed Bitcoin-Qt. I have 0.003 on it atm ( from faucets :/ ) but i'd like to know your opinion about the wallet, should i try to transfer this to an online website wallet? Either way what's the difference?
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