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Topic: Safest wallet - page 3. (Read 5657 times)

hero member
Activity: 662
Merit: 500
June 17, 2014, 06:06:57 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.
legendary
Activity: 2618
Merit: 1105
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.
legendary
Activity: 3038
Merit: 4418
Crypto Swap Exchange
June 16, 2014, 08:46:26 PM
Just want to ask which wallet is the safest to store my BTC on? Smiley

Any suggestions, please.

BLOCKCHAIN!!!!

its the best and fastest btc wallet online !! Smiley
You can still get infected by a malware which can collect your blockchain.info password, best is to use an offline cold storage.
newbie
Activity: 56
Merit: 0
June 16, 2014, 08:18:48 PM
Never called the safest thing to develop a sense of safety is the most important. Use linux system and set a strong password is recommended.
legendary
Activity: 1302
Merit: 1008
Core dev leaves me neg feedback #abuse #political
June 16, 2014, 07:10:41 PM
I stick with Electrum. My favorite desktop wallet. I'm not sure about the implications of its node system, though, I'm still trying to figure it out.

The only downside I'm aware of is that you're not contributing to the network because you're not running a full node.
newbie
Activity: 20
Merit: 0
June 16, 2014, 06:01:10 PM
I think that Electrum is the best one.
legendary
Activity: 3794
Merit: 1030
The Best Tipster on the Forum!!
June 16, 2014, 04:00:57 PM
Just want to ask which wallet is the safest to store my BTC on? Smiley

Any suggestions, please.

BLOCKCHAIN!!!!

its the best and fastest btc wallet online !! Smiley
sr. member
Activity: 406
Merit: 250
June 16, 2014, 12:48:34 PM
I stick with Electrum. My favorite desktop wallet. I'm not sure about the implications of its node system, though, I'm still trying to figure it out.
hero member
Activity: 571
Merit: 500
June 16, 2014, 04:01:28 AM
But how can you predict if the device have problem with RNG? Also, you aren't fully correct on your last statement. If there is a malware on the computer and you turn of the computer's internet connection only during your wallet creation time, the malware can easily store your private key and send when there is a internet connection.

If you don't have enough trust in PRNG, you can use TRNG.

An offline wallet should be created and maintained in a completely offline machine, and you should only use it to sign (but not push) your bitcoin transaction.

When you spend bitcoin on your paper wallet, you should create a new one (again correctly) instead of re-using it.
Not only because you have already imported the pirvate key in another machine, but also because your public key is known to the world.

legendary
Activity: 3038
Merit: 4418
Crypto Swap Exchange
June 16, 2014, 03:40:49 AM
There is nothing called "safest".

Any wallet can still be hacked or cracked, it depends on how vulnerable your mind is.

Still, some are more vulnerable than the others.
For example, blockchain.info is better than coinbase, as you don't need to worry about the site vanishing.
Similarly, offline wallets (created correctly) are better than online wallets, as you don't need to worry about keylogger and hacking.

Offline wallet isn't 100% foolproof. Yes, they are more secure than any other method. But, if the device that generated the offline wallet have problems with the RNG like what happened to android last time, you can also be hacked. It may not happen but you still have to pay attention to the bitcoin news and move your bitcoin if your wallet had vulnerabilities.

Yes, and so I have emphasized the offline wallets need to be created correctly.

Regarding the safety, a paper wallet generated with internet connection would be completely different from a paper wallet generated without internet connection.
But how can you predict if the device have problem with RNG? Also, you aren't fully correct on your last statement. If there is a malware on the computer and you turn of the computer's internet connection only during your wallet creation time, the malware can easily store your private key and send when there is a internet connection.
hero member
Activity: 571
Merit: 500
June 16, 2014, 03:36:19 AM
There is nothing called "safest".

Any wallet can still be hacked or cracked, it depends on how vulnerable your mind is.

Still, some are more vulnerable than the others.
For example, blockchain.info is better than coinbase, as you don't need to worry about the site vanishing.
Similarly, offline wallets (created correctly) are better than online wallets, as you don't need to worry about keylogger and hacking.

Offline wallet isn't 100% foolproof. Yes, they are more secure than any other method. But, if the device that generated the offline wallet have problems with the RNG like what happened to android last time, you can also be hacked. It may not happen but you still have to pay attention to the bitcoin news and move your bitcoin if your wallet had vulnerabilities.

Yes, and so I have emphasized the offline wallets need to be created correctly.

Regarding the safety, a paper wallet generated with internet connection would be completely different from a paper wallet generated without internet connection.
legendary
Activity: 3038
Merit: 4418
Crypto Swap Exchange
June 16, 2014, 03:31:52 AM
#99
There is nothing called "safest".

Any wallet can still be hacked or cracked, it depends on how vulnerable your mind is.

Still, some are more vulnerable than the others.
For example, blockchain.info is better than coinbase, as you don't need to worry about the site vanishing.
Similarly, offline wallets (created correctly) are better than online wallets, as you don't need to worry about keylogger and hacking.

Offline wallet isn't 100% foolproof. Yes, they are more secure than any other method. But, if the device that generated the offline wallet have problems with the RNG like what happened to android last time, you can also be hacked. It may not happen but you still have to pay attention to the bitcoin news and move your bitcoin if your wallet had vulnerabilities.
sr. member
Activity: 266
Merit: 250
June 15, 2014, 09:14:21 PM
#98
There is nothing called "safest".

Any wallet can still be hacked or cracked, it depends on how vulnerable your mind is.

Still, some are more vulnerable than the others.
For example, blockchain.info is better than coinbase, as you don't need to worry about the site vanishing.
Similarly, offline wallets (created correctly) are better than online wallets, as you don't need to worry about keylogger and hacking.


Web wallets are only better then others in one specific person's eyes. They have different risks but they all have risks.
sr. member
Activity: 350
Merit: 250
June 15, 2014, 04:28:40 AM
#97
i would recommend you Electrum or Multybit
hero member
Activity: 571
Merit: 500
June 15, 2014, 03:58:34 AM
#96
There is nothing called "safest".

Any wallet can still be hacked or cracked, it depends on how vulnerable your mind is.

Still, some are more vulnerable than the others.
For example, blockchain.info is better than coinbase, as you don't need to worry about the site vanishing.
Similarly, offline wallets (created correctly) are better than online wallets, as you don't need to worry about keylogger and hacking.
sr. member
Activity: 266
Merit: 250
June 15, 2014, 02:13:40 AM
#95
I really like blocklchain.info. It seems to be the safest and easiest for newbs.

Yeah, no. To anyone reading this the primary source of lost coins in the past has been people who have stored them in online sites and services that have subsequently stolen them from users. While Blockchain seems to be a good idea with its released source you have no means of ensuring that the source is the same as that of what they implement or that no one has hijacked the site. Please look at cold storage if you want a safe solution.

There is almost always a phishing site on google adwords pretending to be the blockchain.info website.
sr. member
Activity: 252
Merit: 250
June 14, 2014, 11:43:37 AM
#94
There is nothing called "safest".

Any wallet can still be hacked or cracked, it depends on how vulnerable your mind is.
hero member
Activity: 742
Merit: 502
Circa 2010
June 14, 2014, 07:59:32 AM
#93
I really like blocklchain.info. It seems to be the safest and easiest for newbs.

Yeah, no. To anyone reading this the primary source of lost coins in the past has been people who have stored them in online sites and services that have subsequently stolen them from users. While Blockchain seems to be a good idea with its released source you have no means of ensuring that the source is the same as that of what they implement or that no one has hijacked the site. Please look at cold storage if you want a safe solution.
member
Activity: 71
Merit: 10
June 14, 2014, 07:46:54 AM
#92
I really like blocklchain.info. It seems to be the safest and easiest for newbs.
legendary
Activity: 1960
Merit: 1005
June 14, 2014, 05:35:30 AM
#91
Just want to ask which wallet is the safest to store my BTC on? Smiley

Any suggestions, please.
As I know and was advised the paper wallet is the safest way to keep your coins. Althought I am using Multibit and for now i dont have big problems with it. I got some unconfirmed transactions with it, but nothing lost for now. Ensure yourself with very strong password!
BR
Gondel
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