I'm using wallet online such as blockchain.info. I feel safer than other wallets.
it helps me access to my wallet on whenever and wherever.
Topic: Why would you prefer another online wallet then Blockchain.info? - page 2. (Read 942 times)
December 28, 2016, 11:05:52 PM
December 28, 2016, 09:54:12 PM
Well for me i just using bitcoin online wallet with coinbase because blockchain wallet are asking for a fee.. that is why i use coinbase for small transaction or for daily transaction because they are not asking for a fee for every transaction like other online wallet.
My main wallet is electrum which is much safer than in online wallet..
You need to understand that bitcoin network is dependent on transaction fees - maybe not as much now, but in the future when block reward will be decreased, fees will be primary founding way for miners.My main wallet is electrum which is much safer than in online wallet..
No fee policy of Xapo or Coinbase is making people forget that sending BTC is not totally free - for that you are giving up your privacy, control over your private keys and become subjected to their idiotic Tos.
As for the 'safer' than blockchain.info argument - I don't know any case of security breach (on the host part) which caused users of blockchain.info to lose BTC either.
A question and comments:
1) Now that blockchain.info uses HD wallets, does that allow importing Private Keys (the way to transfer BTC from an Opendime)?
2) I once had ALL of my BTC taken from a blockchain.info wallet (I worked with them, and eventually (two days or so) got it all back. To this day I do not if it was a HACK of some sort, or some kind of operational issue with blockchain.info.
3) blockchain.info used to offer a mixing service, which I liked, but apparently it is not secure, and no longer offered.
4) I do not do micro-transactions, all I really want is a sturdy system that WORKS dependably. I am willing to pay for that. I don't care if the fees are BTC0.0002 or even higher, as all of my transactions are "important".
5) As many here at the forum have advised, I only keep a "working amount" of BTC in my web wallet, the rest on hardware wallets.
December 28, 2016, 02:51:43 PM
Well for me i just using bitcoin online wallet with coinbase because blockchain wallet are asking for a fee.. that is why i use coinbase for small transaction or for daily transaction because they are not asking for a fee for every transaction like other online wallet.
My main wallet is electrum which is much safer than in online wallet..
You need to understand that bitcoin network is dependent on transaction fees - maybe not as much now, but in the future when block reward will be decreased, fees will be primary founding way for miners.My main wallet is electrum which is much safer than in online wallet..
No fee policy of Xapo or Coinbase is making people forget that sending BTC is not totally free - for that you are giving up your privacy, control over your private keys and become subjected to their idiotic Tos.
As for the 'safer' than blockchain.info argument - I don't know any case of security breach (on the host part) which caused users of blockchain.info to lose BTC either.
December 28, 2016, 01:43:05 PM
I'm using Coinbase and Xapo wallets because they don't have fees. I'm getting and sending a lot of small transactions, so blokchain.info isn't best option for me. I know that Xapo and Coinbase have lot of disadvantages, such as not giving private keys for users, tracking of every transaction, asking for verification. But I didn't faced any problems with these wallets. So far...
December 28, 2016, 01:05:07 PM
Well for me i just using bitcoin online wallet with coinbase because blockchain wallet are asking for a fee.. that is why i use coinbase for small transaction or for daily transaction because they are not asking for a fee for every transaction like other online wallet.
My main wallet is electrum which is much safer than in online wallet..
My main wallet is electrum which is much safer than in online wallet..
December 28, 2016, 12:09:28 PM
As the title says, i am interested to know why you guys use other online wallets then blockchain.info, and the reasons for it..
I don't use blockchain.info that much anymore ever since they updated to HD wallets.Too many features that I considered important were removed. Like, signing an address without the need to import and sending from specific addresses.
Are wallets like electrum safer, or is there something you can do with them you can't do with the blockchain.info one?
I have indeed switched to electrum, because it has all that I need. I can easily sign and verify, send from any address, plus I now have full control of my funds. I don't need to worry about getting my accounts frozen and funds held. To me it just seems that these are more complicated and with more fees and unnecessary stuff..
It's not complicated. Downloading electrum is fast and it doesn't take up much space. It's only less than 100mb after all.The fees I pay are basically the same and this way, I get more features.
What unnecessary stuff? I'm not aware of any.
- most online walled won't offer you that. Online wallets are here rather to provide entry level of wallet service available for masses.
If you are Bitcoin newbie or simple enthusiast do you really need any feature beside sending, receiving bitcoins? I doubt it. Simplicity is the name of the game here.
Electrum, Multibit HD other small SPV wallets are great, but won't offer you accessibility from every possible device as easily as online wallets.
December 28, 2016, 10:59:15 AM
As the title says, i am interested to know why you guys use other online wallets then blockchain.info, and the reasons for it.. Are wallets like electrum safer, or is there something you can do with them you can't do with the blockchain.info one? To me it just seems that these are more complicated and with more fees and unnecessary stuff..
It's better to storing your bitcoin in several wallet rather than in one wallet it's obviously for security purpose.I personally used blockchain.info only for storing spendable amount, i don't even fully trust blockchain.info due to their site is targeted by the hackers as we can see their site sometimes offline that makes me so scared. However i still used it due to it's simplicity, i've stoped using xapo and coinbase since they've locked my account for some reasons that i don't even know what it is. The point is if you want to storing huge amount of your coin you should store them offline.
December 28, 2016, 09:29:34 AM
As the title says, i am interested to know why you guys use other online wallets then blockchain.info, and the reasons for it.. Are wallets like electrum safer, or is there something you can do with them you can't do with the blockchain.info one? To me it just seems that these are more complicated and with more fees and unnecessary stuff..
Among the online wallets I am using blockchain web wallet and I do not feel to go to any other online wallet because there is no any issue and complication to me while using blockchain. Before that I was using an yobit exchange wallet but the problem was that I was unable to send bitcoins to those who also use yobit wallet. So I searched for wallets and I was suggested for blockchian and now until I face any issue I will be at there.I do not think that there will be any reason to me in that exchange which will impose on me to go to another online wallet.
December 28, 2016, 06:26:40 AM
Just need to clarify. Are you talking about a wallet that connects to the internet, like Greenaddress, BitGo, Electrum and Coinbase, or are you talking about solely web wallets, like Coinbase and Coins.ph?
Blockchain.info doesn't generate it offline, it generates it in-browser. A virus can scrape it from RAM easily.
Is there another online wallet, that would create unsigned TX for you to sign offline, then take back & broadcast the signed TX?
Blockchain.info doesn't generate it offline, it generates it in-browser. A virus can scrape it from RAM easily.
December 28, 2016, 06:19:23 AM
Is there another online wallet, that would create unsigned TX for you to sign offline, then take back & broadcast the signed TX?
December 28, 2016, 06:13:07 AM
As the title says, i am interested to know why you guys use other online wallets then blockchain.info, and the reasons for it..
I don't use blockchain.info that much anymore ever since they updated to HD wallets.Too many features that I considered important were removed. Like, signing an address without the need to import and sending from specific addresses.
Are wallets like electrum safer, or is there something you can do with them you can't do with the blockchain.info one?
I have indeed switched to electrum, because it has all that I need. I can easily sign and verify, send from any address, plus I now have full control of my funds. I don't need to worry about getting my accounts frozen and funds held. To me it just seems that these are more complicated and with more fees and unnecessary stuff..
It's not complicated. Downloading electrum is fast and it doesn't take up much space. It's only less than 100mb after all.The fees I pay are basically the same and this way, I get more features.
What unnecessary stuff? I'm not aware of any.
December 27, 2016, 02:10:41 PM
When using blockchain.info or any other web wallets you're trusting them to keep your coins for you. It doesn't matter if they say they don't share unencrypted private keys to their server because that can change anytime they wish to change it. You're also relying on them to keep their website accessible to you whenever you need to use your coins and fix some problems that can be fixed by yourself if you fully control the wallet.
You can't view the private keys of or sign a message with a non-imported addresses with blockchain.info (I'm not sure if that's changed) and it doesn't use any less fee than any other wallet. Fees can be set manually if you wish to, btw.
In short, yes, wallets like electrum which is pretty much the opposite of what I said above (except the fees part) are more secure.
Edit:
They're not that complicated. I've used a lot of wallets including blockchain.info and they're pretty much the same only with added or removed features.
If you think any of the features are unnecessary then simply don't use them, that shouldn't stop you if you want a more secure wallet.
You can't view the private keys of or sign a message with a non-imported addresses with blockchain.info (I'm not sure if that's changed) and it doesn't use any less fee than any other wallet. Fees can be set manually if you wish to, btw.
In short, yes, wallets like electrum which is pretty much the opposite of what I said above (except the fees part) are more secure.
Edit:
Quote
To me it just seems that these are more complicated and with more fees and unnecessary stuff..
They're not that complicated. I've used a lot of wallets including blockchain.info and they're pretty much the same only with added or removed features.
If you think any of the features are unnecessary then simply don't use them, that shouldn't stop you if you want a more secure wallet.
December 27, 2016, 01:44:25 PM
As the title says, i am interested to know why you guys use other online wallets then blockchain.info, and the reasons for it.. Are wallets like electrum safer, or is there something you can do with them you can't do with the blockchain.info one? To me it just seems that these are more complicated and with more fees and unnecessary stuff..
Jump to: