the difference between coinbase and blockchain.info is that you stay in control of your private keys and the server never receives them unencrypted.
so i trust it more than most other online wallets.
but: never store all eggs in one basket. everything is hackable ;(
Topic: Why do people trust Blockchain.info so much? - page 2. (Read 1304 times)
I've noticed a lot of people store their Bitcoins on Blockchain.info. Is there something more secure about keeping your Bitcoins on there, then say Coinbase.com? What does Blockchain.info offer as an online storage system that should make me feel like my Bitcoins are nice and safe? Am I missing something, because it looks like a great service and I'd love to use it.
I always like the idea of a bit of personal responsibility and looking after my bitcoins in local cold storage and hot storage, both of which I have total control over. If it goes wrong, then its my mess to sort out.
Off loading the responsibility to blockchain.info or whoever, transfers the trust to them. I know who I trust more, just look at the MT Gox problems.
A local wallet is a good start, secured correctly, like bitcoin-qt.
I've noticed a lot of people store their Bitcoins on Blockchain.info. Is there something more secure about keeping your Bitcoins on there, then say Coinbase.com? What does Blockchain.info offer as an online storage system that should make me feel like my Bitcoins are nice and safe? Am I missing something, because it looks like a great service and I'd love to use it.
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