i would personally choose multibit rather than blockchain.info, even my wallet on blockchain.info have 2fa
main reason is i can completely have own access on my wallet, which is nobody does have.
Topic: What is safer? Blockchain.info with 2fa or freshly wiped online comp w/ multibit (Read 2191 times)
September 11, 2015, 05:15:13 AM
September 11, 2015, 02:50:27 AM
I personally choose a fresh PC with good security system, read this thread for tips to keep your system updated and stay secure.
For the wallet i choose Electrum, or you can go buy a hardware wallet like trezor if you have a budget and you can use paper wallet, it's cheap.
For the wallet i choose Electrum, or you can go buy a hardware wallet like trezor if you have a budget and you can use paper wallet, it's cheap.
September 11, 2015, 02:07:46 AM
It depends if you want to bother or not.
A Desktop client is secure enough if you take good security measures (wallet encryption, encrypted backup) and don't download shady softwares.
But some people who are really not used to Bitcoin or simply lazy, can use Circle or Coinbase with 2FA. They are normally insured against hack that is not your fault but the downside is that they can freeze your money like Paypal etc. So if you gamble or re-sell your bitcoins, you need to go elsewhere.
Blockchain.indo is quite controversial. Some people love it, some people hate it because of bugs and several problems. I think it's a good wallet for daily spendings, not to store a big stash.
A Desktop client is secure enough if you take good security measures (wallet encryption, encrypted backup) and don't download shady softwares.
But some people who are really not used to Bitcoin or simply lazy, can use Circle or Coinbase with 2FA. They are normally insured against hack that is not your fault but the downside is that they can freeze your money like Paypal etc. So if you gamble or re-sell your bitcoins, you need to go elsewhere.
Blockchain.indo is quite controversial. Some people love it, some people hate it because of bugs and several problems. I think it's a good wallet for daily spendings, not to store a big stash.
September 10, 2015, 08:14:59 PM
you can go for the online blockchain.info wallet with 2fa security and if you think you are safe with only visiting a site then you can also try the other method but hackers can still steel your data by hacking that site or infected that site with malware codes EXAMPLE=redress attack
September 09, 2015, 06:21:56 PM
As you can see OP, security is a hot topic with many layers and depth to cover just as there are so many opinions. You can spend forever learning all the various angles and arguing this n that.
You are running Linux, that's a plus, and you are taking precautions and scoping stuff out. I'd say, if your just looking for temporary security before you go even more secure, do the multi it with a ridiculously complex password that is handwritten on paper. Then avoid browsing the web on that computer until you can get a hardware wallet.
If you aren't surfing and keying in that pw then you have nothing to fear.
In the mean time get yourself a ledger hardware wallet. They are cheap, easy to use, and safe as milk.
Then you can relax and use your computer like normal.
Keep the multi it as your hot wallet.
Frankly, hacks are fairly rare. We just hear all about them cause people like to shout
You are running Linux, that's a plus, and you are taking precautions and scoping stuff out. I'd say, if your just looking for temporary security before you go even more secure, do the multi it with a ridiculously complex password that is handwritten on paper. Then avoid browsing the web on that computer until you can get a hardware wallet.
If you aren't surfing and keying in that pw then you have nothing to fear.
In the mean time get yourself a ledger hardware wallet. They are cheap, easy to use, and safe as milk.
Then you can relax and use your computer like normal.
Keep the multi it as your hot wallet.
Frankly, hacks are fairly rare. We just hear all about them cause people like to shout
September 09, 2015, 10:48:36 AM
If the computer was compromised, neither would be safe.
September 09, 2015, 06:02:44 AM
I'd choose blockchain.info. It's very safe and trustful.
blockchain.info is not safe. read the comment by "subSTRATA" on top of what you said first.
i mean it is one of the good online wallets out there but it definitely is not the safest option to store your bitcoins. it is an easy way to make a quick bitcoin wallet and only for storing very small amounts that you might wanna spend easily without going into your cold wallet.
September 09, 2015, 05:04:45 AM
I'd choose blockchain.info. It's very safe and trustful.
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August 30, 2015, 01:18:07 PM
i think Blockchain.info with 2fa and a long secured password is still a better option to store your coins because blockchain didn't ever got hacked if I was not wrong...I will advice you blockchain but decide by viewing others too
While it is true that blockchain.info never got hacked before, it is nearly impossible as they don't store unencrypted keys on the server. They do not need your consent to update their script which can introduce an exploit and they don't bother much about pentesting their script.Are you sure they are not storing unencrypted private keys on their server? They can easily change the code to whatever they like and that makes it us to trust them completely.
August 30, 2015, 10:55:32 AM
i think Blockchain.info with 2fa and a long secured password is still a better option to store your coins because blockchain didn't ever got hacked if I was not wrong...I will advice you blockchain but decide by viewing others too
completely wrong. blockchain.info has quite the history of having coins stolen from their site, heres a few examples. http://www.coindesk.com/good-samaritan-blockchain-hacker-returned-255-btc-speaks/
https://bitcointalksearch.org/topic/6373-btc-hacked-blockchaininfo-secured-by-2fa-starting-security-podcast-875805
the forum link is particularly pertinent to this, 60+ btc hacked from a BC.i wallet with 2FA enabled.
August 30, 2015, 10:30:55 AM
OK, I am the one that advised you to get a Trezor in a 1st thread, now I see and I agree with you that for 2 BTCs you shouldn't be getting a Trezor. My rule of thumb is to invest 5% of your money to protect it, so with this calculation, anybody that has 10 BTCs or more is justified to get a Trezor.
As for your current situation, I would keep a dedicated computer. That's a very safe way. Install a keyloger, even a free version is OK, get a decent anti-virus and a Multibit and you will be fine.
Stay away from online wallets including blockchain.info.
Trezor is more or less, I would say providing the same security as a paperwallet/offline computer/dedicated one. Anti keyloggers won't protect you against all the attack methods and anti virus can't identify all the viruses.As for your current situation, I would keep a dedicated computer. That's a very safe way. Install a keyloger, even a free version is OK, get a decent anti-virus and a Multibit and you will be fine.
Stay away from online wallets including blockchain.info.
I guess that you haven't read this whole thread and also a thread that the OP has opened a day or two ago, so you don't know exactly what he needs.
He needs a way to move his coins very fast from his wallet to the exchanges, since he wants to trade alts. While doing this, he wants to be as safe as possible. He also doesn't have enough BTCs to invest into Trezor.
So he has decided for a clean, erased machine where he will install Multibit and he will use this machine only for Bitcoin operations. In this case, a decent anti-virus and a keylogger will just add protection to his clean machine.
Also yes, Trezor is the same as paper wallets, but with Trezor, you can move funds in a blink of an eye, safely, and very often. Paper wallets don't offer you this convenience.
Cheers!
August 30, 2015, 08:09:07 AM
i believe blockchain wallet is more safer thats why i use it to store all my funds even though i dont have a lot
August 30, 2015, 08:06:56 AM
Of course Multibit is safer.
Bitcoin Core > 3rd party Bitcoin clients > online wallets
As you can see, online wallets are the worst decision for storing Bitcoin.
Bitcoin Core > 3rd party Bitcoin clients > online wallets
As you can see, online wallets are the worst decision for storing Bitcoin.
Your comparison is wrong! Bitcoin Core = Other clients in matter of safety.
No, of course not. It's impossible to put Bitcoin Core with other 3rd party clients to equality. Even they are open source you can't %100 trust them as you do yourself.
August 30, 2015, 06:32:11 AM
If you're storing a significant amount of Bitcoin, just invest in an offline Raspberry Pi to store your Bitcoins. It is only about $30-$35 to buy, and with it being offline your coins have no risk of being stolen through a hack of malware.
However, to answer your original question, Multibit is probably the best option with a secure password. I have stored my Bitcoin on my main computer for several years and, while being very careful of what I download and open, I have never had my Bitcoins stolen.
However, to answer your original question, Multibit is probably the best option with a secure password. I have stored my Bitcoin on my main computer for several years and, while being very careful of what I download and open, I have never had my Bitcoins stolen.
August 30, 2015, 06:22:32 AM
Of course Multibit is safer.
Bitcoin Core > 3rd party Bitcoin clients > online wallets
As you can see, online wallets are the worst decision for storing Bitcoin.
Bitcoin Core > 3rd party Bitcoin clients > online wallets
As you can see, online wallets are the worst decision for storing Bitcoin.
Your comparison is wrong! Bitcoin Core = Other clients in matter of safety.
No, of course not. It's impossible to put Bitcoin Core with other 3rd party clients to equality. Even they are open source you can't %100 trust them as you do yourself.
August 30, 2015, 01:23:32 AM
Of course Multibit is safer.
Bitcoin Core > 3rd party Bitcoin clients > online wallets
As you can see, online wallets are the worst decision for storing Bitcoin.
Bitcoin Core > 3rd party Bitcoin clients > online wallets
As you can see, online wallets are the worst decision for storing Bitcoin.
Your comparison is wrong! Bitcoin Core = Other clients in matter of safety.
August 29, 2015, 11:32:51 PM
i think Blockchain.info with 2fa and a long secured password is still a better option to store your coins because blockchain didn't ever got hacked if I was not wrong...I will advice you blockchain but decide by viewing others too
While it is true that blockchain.info never got hacked before, it is nearly impossible as they don't store unencrypted keys on the server. They do not need your consent to update their script which can introduce an exploit and they don't bother much about pentesting their script. August 29, 2015, 11:30:02 PM
i think Blockchain.info with 2fa and a long secured password is still a better option to store your coins because blockchain didn't ever got hacked if I was not wrong...I will advice you blockchain but decide by viewing others too
August 29, 2015, 10:46:26 PM
OK, I am the one that advised you to get a Trezor in a 1st thread, now I see and I agree with you that for 2 BTCs you shouldn't be getting a Trezor. My rule of thumb is to invest 5% of your money to protect it, so with this calculation, anybody that has 10 BTCs or more is justified to get a Trezor.
As for your current situation, I would keep a dedicated computer. That's a very safe way. Install a keyloger, even a free version is OK, get a decent anti-virus and a Multibit and you will be fine.
Stay away from online wallets including blockchain.info.
Trezor is more or less, I would say providing the same security as a paperwallet/offline computer/dedicated one. Anti keyloggers won't protect you against all the attack methods and anti virus can't identify all the viruses.As for your current situation, I would keep a dedicated computer. That's a very safe way. Install a keyloger, even a free version is OK, get a decent anti-virus and a Multibit and you will be fine.
Stay away from online wallets including blockchain.info.
Private key control is the only thing that matters to keep your coins secure.
Trusting a third party with your key is not something you want to do. I'd rather go with MultiBit.
You could use Blockchain.info and export the private keys, but nothing stops them from transferring your funds using your private key before you realise it.
Blockchain.info is opensourced, no unencrypted private keys are sent to the server. The decryption happens on your browser so they have no way to access your address. Trusting a third party with your key is not something you want to do. I'd rather go with MultiBit.
You could use Blockchain.info and export the private keys, but nothing stops them from transferring your funds using your private key before you realise it.
August 29, 2015, 06:22:25 PM
Private key control is the only thing that matters to keep your coins secure.
Trusting a third party with your key is not something you want to do. I'd rather go with MultiBit.
You could use Blockchain.info and export the private keys, but nothing stops them from transferring your funds using your private key before you realise it.
Trusting a third party with your key is not something you want to do. I'd rather go with MultiBit.
You could use Blockchain.info and export the private keys, but nothing stops them from transferring your funds using your private key before you realise it.
The un-sacred succulent is right. It all comes down to owning your keys and the way you store them.
Personally I dislike multibit, it has many glitches AND I would not store any notable size of coins with blockchain.info either.
I prefer COLD storage and out of the two, multibit would be the only option that offers a cold storage method.
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