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Topic: Safest wallet (Read 5657 times)

full member
Activity: 130
Merit: 100
August 28, 2014, 10:01:31 AM
What kind of wallet you want to use? Do you want to use online wallet or offline wallet. I think offline wallet is more secure than online wallet. So it would be better to use an offline wallet.
legendary
Activity: 2590
Merit: 1022
Leading Crypto Sports Betting & Casino Platform
August 28, 2014, 09:31:27 AM
the safest "wallet" is the one between the keyboard and the chair
hero member
Activity: 571
Merit: 500
August 28, 2014, 08:48:02 AM
Blockchain.com is the safest, unless you know how to secure your own wallet well..

bc.i wallet may be the easiest to use wallet, but definitely not the safest one.
Offline wallet, paper wallet and Trezor are much better in terms of safety.

Also, it is indeed not that hard to learn how to keep your bitcoin safe. Smiley
newbie
Activity: 56
Merit: 0
August 27, 2014, 08:46:31 AM
Bitcoin Core
legendary
Activity: 1302
Merit: 1008
Core dev leaves me neg feedback #abuse #political
August 27, 2014, 07:19:00 AM
I guess safest wallet is not physical or electronic device, paper wallets or dozen of passwords. The one and oly thing you need to store your coins is simply common sense. If your are stupid safest wallet can't help you.

Nothing can be assured about the wallet you are using. At any time Blockchain CAN scam everyone and take millions of bitcoins. Nobody knows.

Coinbase can do the same. It's also about hackers. If the best hacker in the world were hired to steal your bitcoins, which wallet would be the best and most safely stored?

Two words: cold storage.
legendary
Activity: 1092
Merit: 1000
August 27, 2014, 04:56:14 AM
A paper wallet is the safest. But I suggest you do some reading on the net (bitcoin.org), youtube is also great to get info.
Getting into Bitcoin is a process, it takes time and enery.

PaperWallet tutorial
https://www.youtube.com/watch?v=M0EztixGwBk
member
Activity: 112
Merit: 10
August 27, 2014, 12:51:45 AM
Blockchain.com is the safest, unless you know how to secure your own wallet well..
full member
Activity: 238
Merit: 100
August 27, 2014, 12:00:37 AM
I guess safest wallet is not physical or electronic device, paper wallets or dozen of passwords. The one and oly thing you need to store your coins is simply common sense. If your are stupid safest wallet can't help you.

Nothing can be assured about the wallet you are using. At any time Blockchain CAN scam everyone and take millions of bitcoins. Nobody knows.

Coinbase can do the same. It's also about hackers. If the best hacker in the world were hired to steal your bitcoins, which wallet would be the best and most safely stored?
legendary
Activity: 1400
Merit: 1001
August 26, 2014, 11:56:14 PM
I guess safest wallet is not physical or electronic device, paper wallets or dozen of passwords. The one and oly thing you need to store your coins is simply common sense. If your are stupid safest wallet can't help you.
member
Activity: 112
Merit: 10
August 26, 2014, 07:05:53 PM
If you would like offline wallet but have ability to broadcast transactions online then check out my guide: http://www.btcguys.us/blog/how-to-create-offline-wallet-with-electrum-bitcoin-client-and-broadcast-transactions

the down side is as I heard: if someone knows one of your private key and your public master key then they can figure out your seed.
alternatively, you can import private key into Electrum and still use it as offline wallet  Wink

Also, I have a paper wallet tutorial: http://www.btcguys.us/blog/how-to-create-bitcoin-paper-wallet-tutorial
just make sure not to put all your eggs in one basket..
sr. member
Activity: 392
Merit: 250
August 26, 2014, 02:10:43 PM
Thus far I have used blockchain.info and till now safe
If you want to be more secure again try offline wallet
I recommend trying Electrum, feels light on my pc
full member
Activity: 190
Merit: 100
August 26, 2014, 10:08:18 AM
Bitcoin QT for sure.


Bitcoin QT can be safe enough for general use, but it's surely not the safest one

And Bitcoin QT requires to download the whole blockchain, so I'd rather use the Android wallet instead since it's just equally safe as Bitcoin QT

legendary
Activity: 896
Merit: 1000
August 26, 2014, 09:45:58 AM
IMO, an Armory offline n-of-m wallet is the safest wallet.
newbie
Activity: 28
Merit: 0
August 26, 2014, 09:37:25 AM
Bitcoin QT for sure.
member
Activity: 98
Merit: 10
August 26, 2014, 03:07:50 AM
Safest wallet is bitcoin-qt, just don't get keylogged and you would be fine.
DrG
legendary
Activity: 2086
Merit: 1035
August 26, 2014, 03:05:39 AM
under your definition it is not a wallet. You don't have private keys.
Cool.  Back to the topic at hand then.

what's interesting though, is that coinbase calls itself a digital wallet.
Those lying bastards!  Well that is just my personal terminology to express the distinction.  I wish it was widely accepted but it is not.  However, it is the very first distinction I explain to any noob I meet.  It is actually very eye opening to some of them and gets them to thinking about the difference between having cash in their pocket and loaning their money to a bank.

Haha laughed my ass off at that first remark. Well technically it is a wallet, but they are in control of your keys and they never show them to you.  It's not an exchange either since you can't place orders for trading.  It would be closest to an online account with eTrade or CapitolOne where Coinbase is the custodian for your coins.

Having said that it is safeest for people who would be prone to forget their password since you could find other ways to prove your identity to Coinbase.  If you can commit a decent password to memory or are willing to use a paper wallet or hard wallet like Trezor that would be a better option.
legendary
Activity: 2646
Merit: 1137
All paid signature campaigns should be banned.
August 25, 2014, 10:16:31 PM
under your definition it is not a wallet. You don't have private keys.
Cool.  Back to the topic at hand then.

what's interesting though, is that coinbase calls itself a digital wallet.
Those lying bastards!  Well that is just my personal terminology to express the distinction.  I wish it was widely accepted but it is not.  However, it is the very first distinction I explain to any noob I meet.  It is actually very eye opening to some of them and gets them to thinking about the difference between having cash in their pocket and loaning their money to a bank.
legendary
Activity: 1302
Merit: 1008
Core dev leaves me neg feedback #abuse #political
August 25, 2014, 10:13:10 PM
under your definition it is not a wallet. You don't have private keys.
Cool.  Back to the topic at hand then.

what's interesting though, is that coinbase calls itself a digital wallet.
legendary
Activity: 2646
Merit: 1137
All paid signature campaigns should be banned.
August 25, 2014, 10:00:15 PM
under your definition it is not a wallet. You don't have private keys.
Cool.  Back to the topic at hand then.
legendary
Activity: 1302
Merit: 1008
Core dev leaves me neg feedback #abuse #political
August 25, 2014, 09:08:12 PM
under your definition it is not a wallet. You don't have private keys.
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