Safest wallet - page 2. | Bitcointalksearch.org

BurtW

legendary

Activity: 2646

Merit: 1138

All paid signature campaigns should be banned.

I heard from my friend about coinbase so I use coinbase wallet for my BTC. And seams good for now, I didn't have any problems with payment. I can recommend everybody to use coinbase wallet.

You need to learn the difference between a wallet and and account.

If you personally hold the private keys needed to spend the BTC then it is a wallet and you own the BTC.

If someone else holds the private keys then it is an account, you do not own the BTC, in fact you have lent your BTC to the person/entity that has the private keys. They have given you an "IOU" in place of your BTC and you have to trust that when it comes time to spend the BTC they will honor the IOU and give your BTC back to you.

Now given these definitions is coinbase a wallet or an account? I am not familiar with coinbase, have never used it and I am curious.

jonald_fyookball

legendary

Activity: 1302

Merit: 1008

Core dev leaves me neg feedback #abuse #political

Quote from: ?? on ??

I heard from my friend about coinbase so I use coinbase wallet for my BTC. And seams good for now, I didn't have any problems with payment. I can recommend everybody to use coinbase wallet.

coinbase is excellent brokerage. however, online wallets are inferior.

Testing123

hero member

Activity: 561

Merit: 500

Safest wallet? It has to be a paper wallet, an offline wallet or a hardware wallet (Trezor), as you won't lose your bitcoin for hacking at all.

jeroenn13

hero member

Activity: 644

Merit: 500

I recommend Trezor for small amounts of Bitcoin.
Soon you can use the Seed at Electum, I cannot wait for the update.

BurtW

legendary

Activity: 2646

Merit: 1138

All paid signature campaigns should be banned.

Quote from: MarketTime on August 25, 2014, 12:05:41 AM

Quote from: BurtW on August 24, 2014, 03:38:28 PM

Quote from: blablaace on August 24, 2014, 03:21:59 PM

now when coinbase is not so safe, i need to find better wallet..

which one would u guys recommend?

The best wallet I have found so far, for a variety of reasons, is the Trezor hardware wallet. The "best" will cost you though - $120.

Thanks for the info, but is Trezor hardware wallet trusted?

Yes, the hardware and firmware are open source. They are doing everything in their power to be trusted and safe. I trust them with a large chunk of my BTC.

ranochigo

legendary

Activity: 3038

Merit: 4418

Crypto Swap Exchange

Quote from: DhaniBoy on August 24, 2014, 11:35:03 PM

I suggest you to register at blockchain.info
you will get user name and password, i think it most safety wallet to store bitcoin
hopefully you will satisfied ...

It cannot be considered safe. Username and password authentication is probably one of those which can be easily exploited by attackers. Since it is a online service, anyone who have your username and password can steal your coins. Hackers can easily obtain your username and passwords by malware or keyloggers.

Wafel16

member

Activity: 63

Merit: 10

Anything couldn't be considered safe in this constantly growing technical era,while you are thinking of safety someone in the other corner is thinking of a way to exploit it.So rather be a beggar on your own mind rather to be a king on others.Seeing an example of BTC anything could stumble upon at any time.

MarketTime

full member

Activity: 188

Merit: 100

Quote from: BurtW on August 24, 2014, 03:38:28 PM

Quote from: blablaace on August 24, 2014, 03:21:59 PM

now when coinbase is not so safe, i need to find better wallet..

which one would u guys recommend?

The best wallet I have found so far, for a variety of reasons, is the Trezor hardware wallet. The "best" will cost you though - $120.

Thanks for the info, but is Trezor hardware wallet trusted?

DhaniBoy

sr. member

Activity: 280

Merit: 250

I suggest you to register at blockchain.info
you will get user name and password, i think it most safety wallet to store bitcoin
hopefully you will satisfied ...

BurtW

legendary

Activity: 2646

Merit: 1138

All paid signature campaigns should be banned.

Quote from: blablaace on August 24, 2014, 03:21:59 PM

now when coinbase is not so safe, i need to find better wallet..

which one would u guys recommend?

The best wallet I have found so far, for a variety of reasons, is the Trezor hardware wallet. The "best" will cost you though - $120.

blablaace

sr. member

Activity: 350

Merit: 250

now when coinbase is not so safe, i need to find better wallet..

which one would u guys recommend?

boumalo

legendary

Activity: 1918

Merit: 1018

Quote from: Velkro on June 17, 2014, 07:51:21 AM

Run multibit on computer without WiFi and dont connect it to internet ever. Send your BTC from computer with internet to your offline computer. 100% safety

It is one way to do it but you can have a paper wallet and send money to it

ranochigo

legendary

Activity: 3038

Merit: 4418

Crypto Swap Exchange

Quote from: maximuss on June 18, 2014, 05:51:07 AM

I've only used the main bitcoin qt and electrum, as far as I know they are the safest though I'm no expert.

If you consider them as hot wallet, small amounts, then probably yes if you don't install any virus. If not, cold storage is the safest, generate it on a offline LINUX computer.

sgk

legendary

Activity: 1470

Merit: 1002

!! HODL !!

All popular wallets (Multibit, Bitcoin-QT, Electrum) are safe if you store your BTC in cold storage.

maximuss

member

Activity: 108

Merit: 10

I've only used the main bitcoin qt and electrum, as far as I know they are the safest though I'm no expert.

ThomasCrowne

full member

Activity: 210

Merit: 100

★☆★ 777Coin - The Exciting Bitco

everybody "in the know" seems to keep telling me to run my own bitcoin-qt wallet if my system can handle it

blablaace

sr. member

Activity: 350

Merit: 250

yes but this mobile wallets are not so much safe

AuroraHF

hero member

Activity: 784

Merit: 500

Electrum.

If you're moving around and need access to your wallets on your phones and tablets, I suggest using Blockchain!

Velkro

legendary

Activity: 2296

Merit: 1014

Run multibit on computer without WiFi and dont connect it to internet ever. Send your BTC from computer with internet to your offline computer. 100% safety

ranochigo

legendary

Activity: 3038

Merit: 4418

Crypto Swap Exchange

Quote from: Domino on June 17, 2014, 06:06:57 AM

Quote from: 2double0 on June 17, 2014, 03:12:06 AM

They are all safe as long as you follow safety guidelines such as using 2factorauth on a phone and keeping it offline and using a strong encryption.

It is a good idea to have 2FA if you are using hosted wallets (eg. coinbase and bitstamp), but you won't be able to keep it offline nor make backups.

Still, there's still some risk, it is possible for the exchange to run away with your funds or get hacked. If that happens, you cannot get back your funds.

Topic: Safest wallet - page 2. (Read 5660 times)