Author

Topic: QUESTIONS ABOUT ONLINE WALLETS??? (Read 100 times)

copper member
Activity: 210
Merit: 7
May 21, 2018, 11:36:43 PM
#4
can we trust online wallets? pls give your answers a deep thought before posting.
You can use online wallets if it can generate private key or passphrase and more important thing if it doesn't store that private key for example myetherwallet, blockchain.info and so on. Also you can trust if the sites hosting manage by the sites owner.
member
Activity: 313
Merit: 10
May 20, 2018, 07:34:41 AM
#3
can we trust online wallets? pls give your answers a deep thought before posting.
never trust online wallet
Better using windows or hardware wallet for safe your money
hero member
Activity: 776
Merit: 557
May 20, 2018, 07:33:49 AM
#2
You should never trust anything which is easily taken down via a DDOS attack or compromised. If the database is compromised you risk losing all of your coins.

You should practice good security and just use a desktop wallet yourself. You'll then learn the ins and outs of using a wallet and won't have to reply on anyone else when it comes to handling your money.

Trusting a web wallet is centralized because they are hosting your wallet on a online platform which goes against the very thing Bitcoin stands for.
newbie
Activity: 28
Merit: 0
May 20, 2018, 07:23:17 AM
#1
can we trust online wallets? pls give your answers a deep thought before posting.
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