Safe Wallet Options - page 2. | Bitcointalksearch.org

Zadicar

legendary

Activity: 1386

Merit: 1020

DGbet.fun - Crypto Sportsbook

Quote from: monicaono on October 21, 2016, 08:49:54 AM

Hi,

So I have been using Blockchain as my wallet and Coinbase to buy some btc. I sent btc back and forth for payments etc. I have been out of bitcoin for a little while now. Are there any other real/trusted/reputable wallets?

Thanks!

As other members said here , they would not suggest online wallets because of the risk regarding on your bitcoins but for me if you do store only small amounts of bitcoin then web wallets would be quite comfortable on easy access and transferring but if you hold huge amounts of bitcoin then its the time you would use either hardware or desktop wallets.

unholycactus

legendary

Activity: 1078

Merit: 1024

Quote from: mrcash02 on October 21, 2016, 07:07:48 PM

Althought people say that online wallets aren't safe, I use it. Blockchain.info is a trusted wallet, many people are using it and with high BTC volums. There is some risk for sure, because it's online, but for a small amount of money there is no problem.

But if you have a big amount and fear to use online services try the desktop wallet. Risk anyway, is everywhere, safest way would be to have the BTCs in your own hands on real world, but it's not possible...

Mtgox was the most used exchange and had the highest Bitcoin volume. Bitcoin services have evolved a lot since then, but it's still supposed to be a trustless peer-to-peer system.

You are far better off by using a wallet where you and nobody else controls the private keys.

stiffbud

hero member

Activity: 980

Merit: 500

Quote from: monicaono on October 21, 2016, 08:49:54 AM

Hi,

So I have been using Blockchain as my wallet and Coinbase to buy some btc. I sent btc back and forth for payments etc. I have been out of bitcoin for a little while now. Are there any other real/trusted/reputable wallets?

Thanks!

They are both trusted wallets but it is not safe to use a web wallet where you do not complete access to your private key. You may want to consider backing the privateky of your wallet because web wallets can go down sometimes and you may not be able to access your wallet so that you can import the privatekey to a differet wallet like electrum.
Do not keep big amounts of bitcoins in wallets like that. Consider a desktop wallet or a paper wallet or a ledger.

mrcash02

hero member

Activity: 1190

Merit: 525

CryptoTalk.Org - Get Paid for every Post!

Althought people say that online wallets aren't safe, I use it. Blockchain.info is a trusted wallet, many people are using it and with high BTC volums. There is some risk for sure, because it's online, but for a small amount of money there is no problem.

But if you have a big amount and fear to use online services try the desktop wallet. Risk anyway, is everywhere, safest way would be to have the BTCs in your own hands on real world, but it's not possible...

monicaono

newbie

Activity: 9

Merit: 0

Oh I see hehe

I have this image of my writing down the encryption password on a wall stud around the house haha

OK, yes, I guess i went too far regarding having copies of the wallet anywhere but I do get the point.

Thanks!

achow101

staff

Activity: 3458

Merit: 6793

Just writing some code

Quote from: monicaono on October 21, 2016, 10:28:20 AM

Ok, so basically the best method is a desktop wallet.

Yes. Desktop wallets are one of the best wallets. Even more secure options (but slightly less convenient) are paper wallets (which should only be used for long-term cold storage) and hardware wallets.

Quote from: monicaono on October 21, 2016, 10:28:20 AM

Then make copies of your wallet (encrypted) and saved them on your email, or your cloud.

Well, maybe not there. Even with encryption, it still isn't the greatest idea to store sensitive information online. It would probably be better to put a copy onto a couple flash drives and CDs and then store those somewhere. Maybe one in your home and one in a safety deposit box.

Quote from: monicaono on October 21, 2016, 10:28:20 AM

Technically this encrytpted wallet could be floating around right? because it cannot be decrypted.

Not necessarily. Not all encryption methods are foolproof. And if you do not use a very strong password, the encryption does not really help. You could keep a copy online, but make sure that you are really the only person who can truly access it. Don't have it "floating around" because people will find your wallet and attempt to decrypt it.

monicaono

newbie

Activity: 9

Merit: 0

Ok, so basically the best method is a desktop wallet. Then make copies of your wallet (encrypted) and saved them on your email, or your cloud.

Technically this encrytpted wallet could be floating around right? because it cannot be decrypted.

So maybe this is the way to go.

Thanks!

achow101

staff

Activity: 3458

Merit: 6793

Just writing some code

Quote from: monicaono on October 21, 2016, 09:07:09 AM

Thanks

I wasn't aware of those desktop wallets. How about loosing your pc, hard disk or even hacking the pc?

That is why you make backups of your wallet (encrypted of course) and store them in other, safe locations.

Quote from: monicaono on October 21, 2016, 09:07:09 AM

Coinbase seemed pretty secure right? so is blockchain.. other than you don't control the keys. But otherwise a good cloud solution?

"Secure". Web wallets are not advised. If the service one day shuts down, then your Bitcoin is going with them. They control your private keys (well blockchain.info claims they don't, but it is impossible to know) and could in theory steal your Bitcoin. Or, if they are hacked, then the hackers can steal your Bitcoin.

Furthermore, the customer support for Coinbase and Blockchain.info are known to be rather crappy. Coinbase is also known to have closed down people's accounts (supposedly because they were gambling) and prevented them from accessing their money.

With desktop wallets, most don't have actual customer support, but there are typically large communities using those wallets and those users are always helpful. This doesn't work for Coinbase or bc.i because people can't do anything with their servers.

monicaono

newbie

Activity: 9

Merit: 0

Thanks

I wasn't aware of those desktop wallets. How about loosing your pc, hard disk or even hacking the pc?

Coinbase seemed pretty secure right? so is blockchain.. other than you don't control the keys. But otherwise a good cloud solution?

altcoinhosting

hero member

Activity: 896

Merit: 1006

Quote from: monicaono on October 21, 2016, 08:49:54 AM

Hi,

So I have been using Blockchain as my wallet and Coinbase to buy some btc. I sent btc back and forth for payments etc. I have been out of bitcoin for a little while now. Are there any ~~other~~ real/trusted/reputable wallets?

Thanks!

fixed that for you Wink

I don't consider either blockchain.info nor coinbase to be trustable... If you're not the one in controll of your private keys, you're not the one in controll of your bitcoins!!! I would suggest you to stay away from online wallets.

If you want a trustworthy wallet, i'd suggest you pick a desktop wallet from here:
https://bitcoin.org/en/choose-your-wallet

Personally, i'm a fan of the core wallet, but it takes a long time to sync and uses a lot of diskspace if you dont use prune mode.
Electrum or multibit HD are great to, they're deterministic SPV wallets, they only download the block headers, making them small and fast to sync, while still keeping your private keys on your desktop pc (so in your controll)

monicaono

newbie

Activity: 9

Merit: 0

Hi,

So I have been using Blockchain as my wallet and Coinbase to buy some btc. I sent btc back and forth for payments etc. I have been out of bitcoin for a little while now. Are there any other real/trusted/reputable wallets?

Thanks!

Topic: Safe Wallet Options - page 2. (Read 1797 times)