Topic: Wallet online for Bitcoin - page 3. (Read 707 times)

Why would you use blockchain.info locally though? There's better options out there. Blockchain isn't a very well coded wallet and what often happens is people send the wrong fees because of their automatic system which estimates the fees to send. Of course, it can be double checked by the user, but unfortunately with an automated system like that people just assume it's correct.

3 BTC is a lot of money. Why did not you protect yourself? I wrote down this topic to ask for security. I actually used Electrum for a small transaction. A nice application, but definitely not 100% sure.

They were just being careless. Being hacked is your fault, as the wallet source is open and can be readed from here: https://github.com/blockchain

It's your own responsibility to make sure that your computer is safe enough. It's not blockchain's fault if people are careless.

I know it sounds harsh, but it's the truth.

Edit: if you have 2FA and a secure password, you won't get "hacked" if done safely. The problems here are the fact that you have generated keys on windows OS, and are using a browser based wallet.

I only see a few benefits of online wallets such as blockchain.info, but I see a lot more downsides. It's probably the least secure way of storing Bitcoin. Yet I would estimate the majority of users actually use it for storing large amounts, because it doesn't require an investment like hardware wallets and is easily and quickly set up.

It is your fault yes, because you did not take good enough care of your security. It's like leaving your wallet on the mall, and then blaming the mall that your wallet got stolen.

Blockchain is alot safer if done right than coinbase because you have the private key, which is i find your reply quite ironic and trashy.
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i was hacked twice, for second time i choose new pc new email and new windows but unfortunately i get hacked again
im not agree with you, its not just me check here please:

https://bitcoin.stackexchange.com/questions/10312/lost-my-btc-or-theyve-been-stolen

https://bitcointalksearch.org/topic/stolen-bitcoin-from-blockcain-wallet-1368687

https://bitcointalksearch.org/topic/004-bitcoin-stolen-from-blockchaininfo-wallet-2445658

https://bitcointalksearch.org/topic/about-20-bitcoins-stolen-from-my-blockchaininfo-wallet-5btc-reward-303726

I've seen a lot of things about blockchain.info wallet, good and bad, I want to add something:

blockchain.info users are periodicly targeted by quite some phishing. Imho it's something important to think about (for this and other online wallets too). Newbies may think that such wallets are perfect for them. Then a click on the wrong mail and poof, the money's gone. And blockchain.info cannot do anything about it (it's not their fault and you also agreed with their ToS telling that they cannot be held responsible for basically anything).

So, people, give a better thinking on where you leave your money. If the official wallet is to heavy for your taste, there's always Electrum, Mycelium and others. Try to avoid web wallets...

No it is not, unless combined with hardware wallet or metamask. It's more of an interface nowadays for people rather than a wallet.

Coinbase is nowhere near safe, as a centralized party has the private keys instead of you. Of course it might be safer for people who have no idea of technology.


It is your fault yes, because you did not take good enough care of your security. It's like leaving your wallet on the mall, and then blaming the mall that your wallet got stolen.

Blockchain is alot safer if done right than coinbase because you have the private key, which is i find your reply quite ironic and trashy.

my etherwallet is best etherium wallet for now
coinbase is safe bitcoin wallet but i suggest to use electrum wallet for your coins
in past year i used blockchain.info wallet and i lost 3 btc there, after i contact to support they said it was not our fault, i think there where hackers for this online wallet

this is a list of web wallets, but i suggest electrum
https://bitcoin.org/en/wallets/web/

Shapeshift.io is pretty safe [1] and they have been around for a long time. You can purchase Ledger using BTC from their official store.



[1] https://bitcointalksearch.org/topic/shapeshiftio-instant-coin-exchange-no-account-needed-717973

shapeshift.io is it safe? I do not know this page. I do not need a verification for such a small exchange. It is not necessary. I will order Trezor because you can pay in BTC. Ledger does not have such an option, right?

It's possible for bugs to exist everywhere. However, for a product like Ledger, security should be their top priority. With the recent case, a researcher has disclosed the vulnerability to them responsibly. The vulnerability is serious in the sense that the device could be compromised and tampered if any entity wants to do it or if the seller wants to. They dismissed the claim and gave everyone a false impression that a device that has been proven to be insecure is still secure.

No. However the ledger wallet was made after trezor, so it has not been developed for such a long time. Every software has exploits and bugs, so this is not only a matter of ledger. It is just a matter of time when someone finds them, even bitcointalk forum has some exploits that have not been found yet for sure. You cannot make anything bulletproof, as there is a weakness in every program and even every human being on this planet.

It is just a matter of finding the exploits before someone with bad intentions does.


If you mean for ordering something with it, sure, i don't see why not.


Look from Coinmarketcap as you can see pretty much every exchange from there. I'd personally go for GDAX, or Bittrex but afaik both need  ID verification. Bittrex had closed signups for new customers i think.

If you want to exchange without a hastle, go for Shapeshift. Most exchanges charge alot more transactions fees than shapeshift does. This is the best option for exchanges of small amounts.

So Ledger is underdeveloped? The price is actually the same, adding the shipping cost. Someone pay for the trezor using Bitcoin? I need to exchange ETH for BTC only to pay for the wallet. Electrum is enough for one transaction? Which exchange has the best ETH conversion rate for BTC?

If you're looking for a long term investment, go ahead.
Don't put your wallet in a place that is hard to reach if you're gonna spend it daily.

Most online wallet has 2FA as their standard security, enable them.
Besides that there's not much of a difference, there will be a slight difference in Mining Fees, but that's it.
Scan your PC for any Malware, enable 2FA, and don't click suspicious links are the only thing you need to do.
Although I would recommend to get Desktop or Hardware wallet for more security

Gentlemen, and there are other alternatives? I wonder in which direction this will go? Maybe it is worth to be interested in something new? Now we have such times that every protection can become unfortunately not enough.

Or maybe the other way round? Key and address on a piece of paper hidden in the soil? ;-

Why online wallet,you can buy an hardware wallet if you want complete protection or just download a desktop wallet like electrum which is completely safe and secure to store bitcoins in long term.If you still looking for online wallet then blockchain.info wallet is the best online wallet in my knowledge.

Don't get me wrong, I'm definitely not recommending Blockchain.info to anyone.

I'm just saying that Blockchain.info is probably still a better choice over keeping money on Coinbase or any other exchange. Much like I'd prefer getting beaten to death with sticks over stoning. Then again stones don't have splinters.



Of course. However in terms of keeping your private keys safe on an online device, both are equally fit -- or unfit -- to do so.

Granted, this has more to do with online devices being generally unsafe than with Electrum's or Bitcoin Core's code quality and design philosophy.



Excellent point. In general I'd still argue that your average grandma's windows laptop has more malware on it than your average grandma's smartphone, but this does indeed only hold true until the next major OS vulnerability has been found.


TL;DR: Just get a Trezor or Ledger.



Ledger's list is longer, but here's the list of coins supported by Trezor:
https://doc.satoshilabs.com/trezor-faq/overview.html#which-coins-are-currently-supported

The problem here is that a lot of vendors don't publish proper updates.
Researchers have found out that many vendors didn't patch the firmware. Software/firmware has been updated but in reality a lot of vital patches were missing.


Source: https://www.wired.com/story/android-phones-hide-missed-security-updates-from-you/

Unless you have the sole ownership of your private keys and the choice to follow whichever version of the web client you want to use, an online wallet is just about as safe as a shared wallet. Recommending blockchain.info to anyone is just outright a terrible opinion. Their security is notorious for being compromised all the time and they are incompetent in running a wallet or a block explorer.

That's in the perfect scenario. Electrum does not verify all of the blocks fully as with all SPV clients so you have to trust the server that you're connected to to check the validity of the blocks to the network rules. Bitcoin Core does also have the same feature as Bitcoin Core, just with the lack of UI. If you can follow instructions, Bitcoin Core can do the same as Electrum, arguably more.

If you're holding a significant amount of crypto, get a hardware wallet such as a Trezor or Ledger. It's worth the peace of mind if you have a few bucks to spare. Make sure to buy them directly from the vendor and not some third party reseller.

Otherwise, go with Electrum. If you happen to have some old PC or laptop around, wipe it, give it a fresh OS install and use it to hold your wallet. Only use it for transactions. That's not as secure as a hardware or paper wallet, but still safer than using your everyday computer.

I would avoid online wallets where possible. If you absolutely insist on using an online wallet, choose Blockchain.info over Coinbase. If I recall correctly with Blockchain.info you at least have control over your private keys, which is not the case with Coinbase.

Either way, don't forget to back up your wallet.



When used with an internet connected device, Electrum and Bitcoin Core are about equally secure (or rather: insecure), so the amount doesn't really matter. You can use Electrum as an offline wallet on an airgapped device though, so if set up correctly Electrum can be vastly more secure than Bitcoin Core.



To add to that: Up-to-date non-rooted Android and iOS devices are supposedly less prone to malware than Windows or MacOS. So a mobile wallet might be an option as well, but a mobile phone is tentatively easier to steal or lose than a desktop PC or laptop.