Online Wallets - page 2. | Bitcointalksearch.org

Alesis

newbie

Activity: 42

Merit: 0

Quote from: Joel_Jantsen on March 19, 2017, 03:14:50 PM

Quote from: xFiber on March 19, 2017, 03:11:19 PM

Quote from: Joel_Jantsen on March 19, 2017, 02:59:07 PM

Quote from: Thinkman71 on March 19, 2017, 02:38:25 PM

Hi all, are online wallets safe to use? maybe on a scale of 1-10 with 10 being the most safe

They're safe to use as long as you know how to keep them safe.It's not really wallets fault if someone hacks your computers and steals your password.If the hacker gets access to their database then it's a completely different scenario.Blockchain.info seems to be the best one around,don't use anything else.

I currently use blockchain.info as my wallet. However I want to get into trading so I'll be storing a couple of hundreds of dollars worth of bitcoin in my wallet. Would it be wise to keep using blockchain.info or should I use something else. What would you recommend? I don't think I would have a full bitcoin stored yet.

If you're trading on a particular exchange site,you rather use that website's online wallet with amounts needed for trade and not your entire savings.Don't trust any website with 100's of dollars.Use a desktop wallet.Use bitcoin-core or simply electrum.For daily basis usage,just keep refilling your blockchain.info wallet with coins through electrum.

Blockchain.info is far more secure than any other exchange site, but it's not ideal. They do give you access to your private keys and I don't think they have the right in terms and conditions to suspend your Bitcoin like Coinbase does. You can also get their browser extension. Still, you should never be comfortable storing more than ~1btc in an online wallet at any one time in case the service collapses because you're always reliant on a third party.

Thinkman71

newbie

Activity: 3

Merit: 0

Can you send any type of coin you get to blockchain.info? I have lots of coins from smaller startups

Joel_Jantsen

legendary

Activity: 1988

Merit: 1317

Get your game girl

Quote from: xFiber on March 19, 2017, 03:11:19 PM

Quote from: Joel_Jantsen on March 19, 2017, 02:59:07 PM

Quote from: Thinkman71 on March 19, 2017, 02:38:25 PM

Hi all, are online wallets safe to use? maybe on a scale of 1-10 with 10 being the most safe

They're safe to use as long as you know how to keep them safe.It's not really wallets fault if someone hacks your computers and steals your password.If the hacker gets access to their database then it's a completely different scenario.Blockchain.info seems to be the best one around,don't use anything else.

I currently use blockchain.info as my wallet. However I want to get into trading so I'll be storing a couple of hundreds of dollars worth of bitcoin in my wallet. Would it be wise to keep using blockchain.info or should I use something else. What would you recommend? I don't think I would have a full bitcoin stored yet.

If you're trading on a particular exchange site,you rather use that website's online wallet with amounts needed for trade and not your entire savings.Don't trust any website with 100's of dollars.Use a desktop wallet.Use bitcoin-core or simply electrum.For daily basis usage,just keep refilling your blockchain.info wallet with coins through electrum.

xFiber

sr. member

Activity: 336

Merit: 252

Quote from: Joel_Jantsen on March 19, 2017, 02:59:07 PM

Quote from: Thinkman71 on March 19, 2017, 02:38:25 PM

Hi all, are online wallets safe to use? maybe on a scale of 1-10 with 10 being the most safe

They're safe to use as long as you know how to keep them safe.It's not really wallets fault if someone hacks your computers and steals your password.If the hacker gets access to their database then it's a completely different scenario.Blockchain.info seems to be the best one around,don't use anything else.

I currently use blockchain.info as my wallet. However I want to get into trading so I'll be storing a couple of hundreds of dollars worth of bitcoin in my wallet. Would it be wise to keep using blockchain.info or should I use something else. What would you recommend? I don't think I would have a full bitcoin stored yet.

Joel_Jantsen

legendary

Activity: 1988

Merit: 1317

Get your game girl

Quote from: Thinkman71 on March 19, 2017, 02:38:25 PM

Hi all, are online wallets safe to use? maybe on a scale of 1-10 with 10 being the most safe

They're safe to use as long as you know how to keep them safe.It's not really wallets fault if someone hacks your computers and steals your password.If the hacker gets access to their database then it's a completely different scenario.Blockchain.info seems to be the best one around,don't use anything else.

bathrobehero

legendary

Activity: 2002

Merit: 1051

ICO? Not even once.

Quote from: Thinkman71 on March 19, 2017, 02:45:14 PM

Ok I get that, but that is what coinbase is and they have tons of online wallets people set up

But others are doing it is never a good argument. But it always depends on the amount and how much security you want.

Personally, I don't even feel comfortable holding more than a few bitcoins worth on any exchanges.

Thinkman71

newbie

Activity: 3

Merit: 0

Ok I get that, but that is what coinbase is and they have tons of online wallets people set up

bathrobehero

legendary

Activity: 2002

Merit: 1051

ICO? Not even once.

My vote would be a strong 1.

I don't see how you, and only you could have the private key for an address. And if anyone else than you knows the private key, it's not safe.

Thinkman71

newbie

Activity: 3

Merit: 0

Hi all, are online wallets safe to use? maybe on a scale of 1-10 with 10 being the most safe

Topic: Online Wallets - page 2. (Read 1309 times)