Topic: Safest wallet - page 4. (Read 5657 times)
Bitcoin-qt is the safest wallet but the biggest wallet.
Safest wallet is that wallet which not communicate with web, so offline wallet.
If you've much quantities of Bitcoin, use paper wallet, protect your bitcoin
If you've much quantities of Bitcoin, use paper wallet, protect your bitcoin
Blockchain.info is great for beginners as you dont have to download the entire blockchain which is annoying at first.
I would not recommend blockchain for newbies. They would likely not understand the importance of strong passwords. As if you try to login three or four times to your yahoo account you will be forced to use captsha before you try again, slowing you down, and after enough attempts you will be locked out for x amount of time. With blockchain passwords you can try an unlimited number of times without limit and can try a password without a connection to the internet.
Multibit and/or coinbase are better options for newbies as they offer a better amount of security for someone with the above amount of knowledge
The problem with Coinbase is that you have no control of the private keys (and hence the bitcoin).
Of course you must be thinking that Coinbase is a huge company and you could trust it.
Well, mtgox was the biggest and most sucessful bitcoin exchange, once upon a time...
There is some evidence that coinbase is financially sound.
Unless you fall from a phishing attack you will likely not have your coins stolen from coinbase.
Once a user gets more comfortable with the concept of bitcoin and how "bitcoin passwords" work then they might want to "upgrade" to a wallet where they control their keys.
You could think of holding your coins at coinbase as using bitcoin with training wheels.
Whatever you do, don't conflate 3rd party "wallets" like Coinbase with real bitcoin wallets. If you aren't the sole owner of those private keys -- you don't control the bitcoins.
Not sure if here is the place to ask, but i am using multibit and i think it is safe enough .. Is there any disadvantages if using such wallet? It is password protected and easy to use, i never used different wallet before. Any suggestions?
Thanks!
BR
Gondel
Thanks!
BR
Gondel
Offline Electrum is my favorite.
download virtualbox or vmware.
Install linux.
Install bitcoin-qt or any client.
do not download any email attachments that randomly say you have been given or won XX bitcoins.
??
profit
And one day you wake up with your empty wallet Install linux.
Install bitcoin-qt or any client.
do not download any email attachments that randomly say you have been given or won XX bitcoins.
??
profit
Don't use internet in the same pc/virtual machine in which you have the btc wallet if you want to be safer.
https://en.bitcoin.it/wiki/How_to_set_up_a_secure_offline_savings_wallet
Cold storage / offline wallet which are the best to store but if you are saying online wallet every one use blockchain
They don store you private key and you can set a lot security on the wallet .
They don store you private key and you can set a lot security on the wallet .
download virtualbox or vmware.
Install linux.
Install bitcoin-qt or any client.
do not download any email attachments that randomly say you have been given or won XX bitcoins.
??
profit
Install linux.
Install bitcoin-qt or any client.
do not download any email attachments that randomly say you have been given or won XX bitcoins.
??
profit
Blockchain.info is great for beginners as you dont have to download the entire blockchain which is annoying at first.
I would not recommend blockchain for newbies. They would likely not understand the importance of strong passwords. As if you try to login three or four times to your yahoo account you will be forced to use captsha before you try again, slowing you down, and after enough attempts you will be locked out for x amount of time. With blockchain passwords you can try an unlimited number of times without limit and can try a password without a connection to the internet.
Multibit and/or coinbase are better options for newbies as they offer a better amount of security for someone with the above amount of knowledge
The problem with Coinbase is that you have no control of the private keys (and hence the bitcoin).
Of course you must be thinking that Coinbase is a huge company and you could trust it.
Well, mtgox was the biggest and most sucessful bitcoin exchange, once upon a time...
+1 You want control over your private keys, because they are used to transfer money. That is why a desktop wallet is much much better, you are in control of your bitcoins.
Blockchain.info is great for beginners as you dont have to download the entire blockchain which is annoying at first.
I would not recommend blockchain for newbies. They would likely not understand the importance of strong passwords. As if you try to login three or four times to your yahoo account you will be forced to use captsha before you try again, slowing you down, and after enough attempts you will be locked out for x amount of time. With blockchain passwords you can try an unlimited number of times without limit and can try a password without a connection to the internet.
Multibit and/or coinbase are better options for newbies as they offer a better amount of security for someone with the above amount of knowledge
The problem with Coinbase is that you have no control of the private keys (and hence the bitcoin).
Of course you must be thinking that Coinbase is a huge company and you could trust it.
Well, mtgox was the biggest and most sucessful bitcoin exchange, once upon a time...
If someone is choosing CoinBase, ultimately he/she is getting himself into the banking shackle. So it is better for him to stick to FIAT. Bitcoin is not yet matured enough to meet him/her or he/she is not matured enough to meet bitcoin !!!
Blockchain.info is great for beginners as you dont have to download the entire blockchain which is annoying at first.
I would not recommend blockchain for newbies. They would likely not understand the importance of strong passwords. As if you try to login three or four times to your yahoo account you will be forced to use captsha before you try again, slowing you down, and after enough attempts you will be locked out for x amount of time. With blockchain passwords you can try an unlimited number of times without limit and can try a password without a connection to the internet.
Multibit and/or coinbase are better options for newbies as they offer a better amount of security for someone with the above amount of knowledge
The problem with Coinbase is that you have no control of the private keys (and hence the bitcoin).
Of course you must be thinking that Coinbase is a huge company and you could trust it.
Well, mtgox was the biggest and most sucessful bitcoin exchange, once upon a time...
Well, actually, the private key on the paper is probably not encrypted whereas the private key on the very nice piece of wood is encrypted by design - you would never want to give the person carving the wood your private key, right? So, they only accept encrypted private keys.
The private keys on each paper wallet I create are encrypted (: I use this, https://github.com/pointbiz/bitaddress.org. It has the built in area where you can input a encryption passphrase. Which is also the same code I used to create my encrypted private keys for the wood wallet
You guys should get out of the browser for doing encryption stuff. A browser is weak and has several failure points.
try bippy, offline, fast, python, multi-currency, open source, etc .
Install Kivy (required for the UI), clone and run from github :
Code:
git clone [email protected]:inuitwallet/bippy.git
Code:
cd bippy
kivy bippy.py
you are the weakest link in using a wallet
Bitcoin QT, Electrum and Multi Bit are all quite secure. I would recommend any of them, depending on your needs. As always, the key to keeping your coins safe is cold storage.
Blockchain.info is great for beginners as you dont have to download the entire blockchain which is annoying at first.
I would not recommend blockchain for newbies. They would likely not understand the importance of strong passwords. As if you try to login three or four times to your yahoo account you will be forced to use captsha before you try again, slowing you down, and after enough attempts you will be locked out for x amount of time. With blockchain passwords you can try an unlimited number of times without limit and can try a password without a connection to the internet.
Multibit and/or coinbase are better options for newbies as they offer a better amount of security for someone with the above amount of knowledge
Blockchain.info is great for beginners as you dont have to download the entire blockchain which is annoying at first.
If I had to use a Web Wallet that's the one I'd use. However, if you're going to use it make sure you backup your private keys somewhere in case their site goes "poof".
Blockchain.info is great for beginners as you dont have to download the entire blockchain which is annoying at first.
If I had to use a Web Wallet that's the one I'd use. However, if you're going to use it make sure you backup your private keys somewhere in case their site goes "poof".
Blockchain.info is great for beginners as you dont have to download the entire blockchain which is annoying at first.
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131FGdZrboKxRr3q6z77fNnX2vEBbBj21i
Well, actually, the private key on the paper is probably not encrypted whereas the private key on the very nice piece of wood is encrypted by design - you would never want to give the person carving the wood your private key, right? So, they only accept encrypted private keys.
The private keys on each paper wallet I create are encrypted (: I use this, https://github.com/pointbiz/bitaddress.org. It has the built in area where you can input a encryption passphrase. Which is also the same code I used to create my encrypted private keys for the wood wallet
SO, u need to remember a password to decrypt the wooden wallet ...is not it ?
Exactly, I consider it a 2FA of sorts. I have different decryption pass-phrases for each of my wallets. (Especially wallets for my escrow service)
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