Online wallet used to be more convenient when it was not as convenient for users to access their coins over multiple devices. However, the introduction of HD wallets has largely negate such benefits. With a single seed, it is possible for a user to access the funds from their devices as it allows the user to access the same set of addresses from their different wallet.
Another argument is probably the 2FA provided by web wallet but I don't see it being more secure as compared to desktop wallet. It only provides a security advantage over the other similar web wallets.
Topic: Tell me a reason why I should use online wallet. - page 3. (Read 499 times)
Anyway, I want one, only one reason, that online wallets are better than the offline ones.
Practicality. I guess that's already a valid reason for someone to use online wallets
. I am not saying that it is way better than cold wallets, what I mean is you should also put the size of your holdings and budget into the considerations before picking the storage for your coins. Do you think is it really worth to store only .001(assuming this is all the money he had right now) btc in $59 worth of Trezor? Of course not because the wallet itself is more expensive than his holdings thus he really tend to store it in a digital wallet — a wallet which is free, easy to use, not 100% hack resistant but offers a good security as well. Using a digital wallet is not as bad as you think, I'm using one for 3 years already and yet i haven't encounter any problem (aside from maintenance
). The only challenge I see is the right picking of it. In a vast sea of fake apps, you should meticulously choose the legit one. 
Online wallet is pron from attacks but I am still using I because I am not holding a huge amount of money but if you are golding huge amount of money, better to use offline wallet because that is safer compared to an online wallet, it can not be hacked by other people as long as you keep it on your own. There are no ways for the hacker tongs in access on it because hackers need the internet before they have an account and if you are using the offline wallet you will bot need it anymore. One thing you should do if you are using the offline wallet is to have back up on it because once it will be lost you will never recover it anymore.
Maybe because they fell from ignorance on how to secure their funds in the first place thus exchanging the security and privacy for accessibility and ease of use. It is not surprising that many people became a victim of wallet hacks, clipboard malware, phishing etc., because they are lazy enough to do their homework. However, the only thing you can do is to educate them without forcing them these info into their throat 
In fact, you can even use cold wallet for day to day spending.
In fact, you can even use cold wallet for day to day spending.
Really, only one reason: Convenience.
I personally have an online wallet too, for the few cases I need to make an on-the-go bitcoin transaction. It's just that I wouldn't hold more than $50 worth of bitcoin on my online wallet.
I personally have an online wallet too, for the few cases I need to make an on-the-go bitcoin transaction. It's just that I wouldn't hold more than $50 worth of bitcoin on my online wallet.
I have never owned an offline wallet before, but I know the dangers involved in storing your assets in an online wallet, your whole coins are controlled by the exchange, the exchange can steal your coins and claim it is a hacked job pretty ugly. I would advice anyone who wishes to have digital assets to use an offline wallet over an online wallet. I don't have any tangible reason to give you why online wallet is better than offline wallets.
I was having an argument with one guy from the internet. He uses online wallet instead of an offline. I tell him that bitcoin loses its point if you use an online wallet. He's also trying to convince me to use it too because it's more simple than an offline. I doubt. Anyway, I want one, only one reason, that online wallets are better than the offline ones.
The fact that millions of people use blockchain.com pisses me off. I don't know if the majority of users choose online, but they are many for sure.
The fact that millions of people use blockchain.com pisses me off. I don't know if the majority of users choose online, but they are many for sure.
Different people have different values and different priorities. If someone wants to use a custodial wallet because it is more convenient, then that decision is up to them. You can tell them about all the drawbacks, but maybe convenience is more important to them.
BTW, the terms "offline" and "online" are confusing because every wallet that is connected to the internet is "online". Also, I suspect that you don't know how the blockchain.com wallet works, and if you did, you wouldn't be so pissed off at people using it.
Very recent incidence, give him this: https://bitcointalksearch.org/topic/hacker-stole-336-btc-from-crypto-exchange-cashaa-5261678
Tell him "Not your keys, not your coins".
Online wallets are like any other payment processors like paypal and others. They control your account better to say they are in control of your money.
Tell him "Not your keys, not your coins".
Online wallets are like any other payment processors like paypal and others. They control your account better to say they are in control of your money.
I was having an argument with one guy from the internet. He uses online wallet instead of an offline. I tell him that bitcoin loses its point if you use an online wallet. He's also trying to convince me to use it too because it's more simple than an offline. I doubt. Anyway, I want one, only one reason, that online wallets are better than the offline ones.
The fact that millions of people use blockchain.com pisses me off. I don't know if the majority of users choose online, but they are many for sure.
The fact that millions of people use blockchain.com pisses me off. I don't know if the majority of users choose online, but they are many for sure.
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