The safest wallet? - page 2. | Bitcointalksearch.org

zidanw

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1xbit.com

Quote from: Brybtc on August 24, 2016, 12:31:44 PM

So I mostly use paper wallets for storage which is a risk since if I lose the paper then thats it, game over. I been looking for alternatives and a friend told me he simply runs electrum portable from a USB flashdrive only when he needs to send money, then unplugs it meaning that the wallet and the .dat are both offline

Now while is a bit easier to use than a paper wallet the biggest advantage IMHO is that he got a seed so even if he loses the flashdrive he can get his wallet back.

Should I switch to that method? what are the possible vulnerabilities of it?

And before someone mentions "hardware wallet" I live in a country with some heavy import restrictions (on top of fiscal ones) so I rather not order something that could get me questioned by custom officials.

honestly i have not using electrum i think it's quite nice to be tried

Advantages

- Does not require any registration.
- Can be used at any time as long as there is internet. Do not depend on a website. So no word website was maintenance.
- No need to wait long to download the entire database -BlockChain very large like Bitcoin wallet Core / Armory.
- Backup is very easy. just record and keep the confidentiality of 12 words secret given at the beginning.
- You are safe from phishing (fake websites that steal your passwords)

caxandra

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To store bitcoin, I print 4 copies of heavily encrypted paper wallet and store it in 4 safe different locations. Its almost impossible to lose my money to a thief too, since the encryption key is only in my head and my fiat bank deposit box.

I think this method is the safest method of storing bitcoin, though it can take some time to spend it, so I would only recommend it for cold storage, such as savings or funds to be spent on a later date.

GMPoison

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Quote from: soros017 on January 08, 2017, 03:59:36 PM

Quote from: virasog on January 08, 2017, 12:24:37 AM

Quote from: maxdeielle on January 02, 2017, 01:09:34 AM

Depends on your place located like here in the philippines we have our online wallet which is coins.ph that is so accessible.

Yes, I agree with you, it totally depends on where you are located because there are some country that have their own coin and online wallet that makes their country men feels easy and to those who does not have they uses blockchain.info

For beginners, I think blockchain.info is the best choice as it is easy to create the wallet, to use it, and you can access this anywhere. Also, I think the site has no restrictions in most countries. At least so far, I don't know any country that prohibits its use.

Web wallets are probably one of the best ways to go for beginners, but it's also fairly easy to setup an online desktop wallet too. I believe it's BitPay's PC wallet that has step by step instructions that you have to click through after you download it, and some of the slides you have to click through even educate you on bitcoin and best security practices.

soros017

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Quote from: virasog on January 08, 2017, 12:24:37 AM

Quote from: maxdeielle on January 02, 2017, 01:09:34 AM

Depends on your place located like here in the philippines we have our online wallet which is coins.ph that is so accessible.

Yes, I agree with you, it totally depends on where you are located because there are some country that have their own coin and online wallet that makes their country men feels easy and to those who does not have they uses blockchain.info

For beginners, I think blockchain.info is the best choice as it is easy to create the wallet, to use it, and you can access this anywhere. Also, I think the site has no restrictions in most countries. At least so far, I don't know any country that prohibits its use.

eaLiTy

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Have Fun )@@( Stay Safe

Quote from: Vasilije69 on January 08, 2017, 03:10:33 PM

I think USB flashdrive wallets are the safest.

It is safe if you have the back up in another flash drive as you never know when these drives stops working,but it is better than saving your coins online.

Quote from: DuddlyDoRight on January 07, 2017, 07:14:46 PM

Oh look an argument.. I think this is actually better than seeing the billionth taiwanese or indian or philippine or israel poster tell use the most secure methods while not knowing any of the technical details, or what is commonly known as the average bitcoin service startup owner tell us what is best..

May be they do have a billion population and they do have their own opinion regarding things Cheesy

you being an expert why dont you shed some of your technical expertise when it comes to the safest wallet and i am not aware what the average bitcoin service startup owner consider best,can you explain that to me as i have never met someone in person nor read their posts. Tongue

Vasilije69

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I think USB flashdrive wallets are the safest.

virasog

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Leading Crypto Sports Betting & Casino Platform

Quote from: maxdeielle on January 02, 2017, 01:09:34 AM

Depends on your place located like here in the philippines we have our online wallet which is coins.ph that is so accessible.

Yes, I agree with you, it totally depends on where you are located because there are some country that have their own coin and online wallet that makes their country men feels easy and to those who does not have they uses blockchain.info

DuddlyDoRight

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Activity: 318

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Oh look an argument.. I think this is actually better than seeing the billionth taiwanese or indian or philippine or israel poster tell use the most secure methods while not knowing any of the technical details, or what is commonly known as the average bitcoin service startup owner tell us what is best..

kurbeks

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Quote from: deadsilent on January 06, 2017, 09:19:57 PM

Quote from: Arrakeen on January 05, 2017, 03:17:20 AM

Quote from: ?? on ??

Googe Drive is the safest wallet for documents and Paytm is the safest wallet for online payments

Regards,
Victor

Magento Android App Extension

Hello Victor,

I think you have stumbled into the wrong forum....

The website you're shilling out doesn't even relate to bitcoin, what's going on man are you ok?

Lol. Just another noob whos shilling unrelated shit. Google drive fanboy. Makes me laugh hard.
Google drive is not a bitcoin wallet and not really meant for storing private keys or bitcoin. Its a stupid thing to do. Theres so much bitcoin wallets out there. Just get one.

LOL

jacobmayes94

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Activity: 364

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Quote from: DuddlyDoRight on January 02, 2017, 07:02:47 PM

Quote from: jacobmayes94 on January 02, 2017, 11:06:28 AM

Hardware wallets are more secure than paper wallets as unlike a paper wallet which cannot be imported on a compromised system, HW wallets can. We at betbybitcoin are doing a competition to win one on the cheap:
https://bitcointalk.org/index.php?topic=1734887.msg%msg_id%

They are worth every penny you spend on them, i wont ever look back

Jacob

Getting a bunch of people to pay 0.001BTC/$1.01 for a chance at a 15€ hardware wallet?

Also.. This thread is going in the direction of most threads on this forum.. People with no technical insight and very little experience just flash-posting..

We actually ran the competition at a loss due to getting less than 20 entrants however the importance of promoting use of hardware wallets, signing transactions in a secure element is needed. I have enough technical knowledge that I take pains over and over to mention why hardware or multisig wallets should be used. Private keys should not even touch your system RAM for good security.

Invincible

newbie

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I use core and now install dark wallet for anonymous transactions

deadsilent

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Quote from: Arrakeen on January 05, 2017, 03:17:20 AM

Quote from: ?? on ??

Googe Drive is the safest wallet for documents and Paytm is the safest wallet for online payments

Regards,
Victor

Magento Android App Extension

Hello Victor,

I think you have stumbled into the wrong forum....

The website you're shilling out doesn't even relate to bitcoin, what's going on man are you ok?

Lol. Just another noob whos shilling unrelated shit. Google drive fanboy. Makes me laugh hard.
Google drive is not a bitcoin wallet and not really meant for storing private keys or bitcoin. Its a stupid thing to do. Theres so much bitcoin wallets out there. Just get one.

Arrakeen

hero member

Activity: 532

Merit: 500

Offer escrow, receive negative trust

Quote from: ?? on ??

Googe Drive is the safest wallet for documents and Paytm is the safest wallet for online payments

Regards,
Victor

Magento Android App Extension

Hello Victor,

I think you have stumbled into the wrong forum....

The website you're shilling out doesn't even relate to bitcoin, what's going on man are you ok?

bigmo

member

Activity: 96

Merit: 10

Quote from: morgand on January 04, 2017, 10:51:12 PM

from what i have read on this post, i agree there is no official and safest wallet in this world.
But still, i use blockchain.info to create my wallet. I still learning about this world of cryptocoin, and looking forward to make my own cold storage or USB wallet thing. cheers

At the moment the safest wallet in the world is probably Trezor - not any single confirmed case about loss of coins.
Blockchain.info has been "hacked" already by Johoe and he returned the coins to them on Trezor.

https://www.cryptocoinsnews.com/interview-johoe-hacker-returned-800-bitcoins/

Please bear in mind: "if you do not hold your private keys, you do not own your coins"

Also you have https://copay.io/ they wallets for every platform and it is open source and works with Trezor perfectly.

Decoded

legendary

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give me your cryptos

The safest wallet would definitely be a dedicated cold storage setup, when set up correctly. Or even a ledger/trezor wallet.

Quote from: maxdeielle on January 02, 2017, 01:09:34 AM

Depends on your place located like here in the philippines we have our online wallet which is coins.ph that is so accessible.

Um... coins.ph isn't necessarily the safest wallet around. I have no idea why you even had the balls to mention that site.

Bedebah

sr. member

Activity: 524

Merit: 250

Quote from: Ejinx on January 02, 2017, 12:18:09 PM

Blockchain.info is the best wallet

Yes I agree, I use more than 2 years and never found problems. I never try and use others wallet after know Blockchain.info. For me, Blockchain.info is very secure, and fast than coinbase, xapo or other web wallet.

morgand

full member

Activity: 126

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from what i have read on this post, i agree there is no official and safest wallet in this world.
But still, i use blockchain.info to create my wallet. I still learning about this world of cryptocoin, and looking forward to make my own cold storage or USB wallet thing. cheers

RealBitcoin

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Quote from: Ejinx on January 02, 2017, 12:18:09 PM

Blockchain.info is the best wallet

Quote from: Turox on January 03, 2017, 01:37:21 AM

I use blockchain.info, never found error. I think you must trying wallet from blockchain.info, and then i have private key , so if any problem my bitcoin not lose.

Quote from: achow101 on August 27, 2016, 07:53:53 AM

Quote from: ashiqdey on August 27, 2016, 07:44:16 AM

Obviously 90% will suggest to use blockchain.info as it is official version and our cryptocurrency is totally safe on their hand. If you still want to use 3rd party wallet is upto your thinking, I don't use any party wallet so I guarantee what they could do to your account Undecided

Blockchain.info IS NOT THE OFFICIAL WALLET!!! Most people will in fact NOT RECOMMEND THAT YOU USE THEIR WALLET. Their service has had multiple security issues and vulnerabilities in the past. Furthermore, they ARE a third party wallet. You do not control your Bitcoin if you store it with them; they do. Should their service shutdown, you will lose all access to your Bitcoin.

Blockchain.info IS A SERVICE, NOT THE BLOCKCHAIN. THEY ARE NOTHING OFFICIAL.

Yes it's a bullshit situation when they named themselves BLOCKCHAIN, now every newbie will be confused about it.

However you can still use them as a MULTISIG system.

Make a 2/3 multisig wallet, keep 2 keys on paper offline (where 1 key is stored for longterm, and 1 key is for immediate use),and 1 key at blockchain.info's wallet.

Then you just use the immediate paper key and the blockchain wallet to authenticate a transaction.

If blockchain.info gets hacked, then you create another multisig. If you forget 1 paper key or the blockchain login, then you use the other paper key as the 2nd key.

marcoman22

sr. member

Activity: 350

Merit: 250

I too save my bitcoins in electrum. it is safe to store btc here. They provide you a seed during sign up which can be used for recovery of your wallet even when your laptop gets corrupted. Better to copy the seed in a paper for future use.

Turox

newbie

Activity: 24

Merit: 0

I use blockchain.info, never found error. I think you must trying wallet from blockchain.info, and then i have private key , so if any problem my bitcoin not lose.

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