Title: Basic questions because I'm a noob sorry Post by: bennett211085 on October 29, 2012, 05:06:19 PM So if I have a pc wallet do I really need a website wallet too or is the desktop one fine? I presume when I put coins in it I just copy and paste the address to whomever I buy the coins off? This is the part that really annoys me. All I want to do is click a few links jam my paypal in or bank details and bam there's my coins, but it seems here in the uk you need to spend time reading things and taking an interest in things that I suppose are pretty cool now I'm learning about it, but all I want is to be able to use the bloody bitcoins.
My mum says im special ok Title: Re: Basic questions because I'm a noob sorry Post by: Akka on October 29, 2012, 05:16:35 PM So if I have a pc wallet do I really need a website wallet too or is the desktop one fine? I presume when I put coins in it I just copy and paste the address to whomever I buy the coins off? This is the part that really annoys me. All I want to do is click a few links jam my paypal in or bank details and bam there's my coins, but it seems here in the uk you need to spend time reading things and taking an interest in things that I suppose are pretty cool now I'm learning about it, but all I want is to be able to use the bloody bitcoins. My mum says im special ok It's OK to ask questions, no need to defend yourself. I think that's the reason there is a noob section. If that annoys some people they can always create a Bitcoin Professionals board and stay there. To your question: You basically only need one wallet, but you can have more, see it as accounts in different banks. While with your pc wallet you are your own bank (this also means you have to take care of security and backups yourself!) Year, bitcoin is still not perfectly user-friendly. It's like DOS and as reagular banking customer you are used to win7. But it's being improved every day. Also I read that you in the UK have some difficultys to get BTC recently. Try https://bitmarket.eu, there is a GBP marked. Title: Re: Basic questions because I'm a noob sorry Post by: sippsnapp on October 29, 2012, 05:28:08 PM If you run windows OS its not a bad idea in my opinion to have the bitcoin client running in a vmware or virtualbox.
Dont forget to backup your wallet on a seperate harddrive. As for different wallets, it really depends on your needs and on the effort you want to invest to protect yourself from loss. The options im aware of are: 1. Wallet on your own pc 2. Wallet on a vps/dedi 3. Wallet on a managed vps/dedi 4. Online wallet service 5. Exchanges where you can keep a wallet. Title: Re: Basic questions because I'm a noob sorry Post by: caffeinewriter on October 29, 2012, 05:39:27 PM So if I have a pc wallet do I really need a website wallet too or is the desktop one fine? I presume when I put coins in it I just copy and paste the address to whomever I buy the coins off? This is the part that really annoys me. All I want to do is click a few links jam my paypal in or bank details and bam there's my coins, but it seems here in the uk you need to spend time reading things and taking an interest in things that I suppose are pretty cool now I'm learning about it, but all I want is to be able to use the bloody bitcoins. My mum says im special ok Frankly, I'm glad you ask questions! Far too few newbies do. First of all, you can have both, but it's not necessary to. If you want accessibility, I'd recommend blockchain.info's wallet. Here's why.
However, if you are OCD about keeping complete control over your wallet, I'd recommend a local wallet. Or even better, a cold storage wallet on a Linux USB drive with armory installed. Check out this site for info http://bitcoinsecurity.com/ Title: Re: Basic questions because I'm a noob sorry Post by: EhVedadoOAnonimato on October 29, 2012, 06:01:56 PM Or even better, a cold storage wallet on a Linux USB drive with armory installed. That's the best approach if you want security and privacy. Although blockchain.info does seem interesting, it's still possible that a malware in the computer you use to access it steal your password*, and, with it, your money. Plus, as it's a web wallet, the servers at blockchain.info are capable of seeing everything you do with your money. *By the way, that may happen with any desktop wallet as well. If you access your money from a generic computer you use to access the web, then you are taking risks. If you're storing only small amounts, then you don't need to worry that much. I myself have some BTCs here in this same computer I use to access the web. From the moment you start to put larger amounts, consider the option of an offline wallet. Title: Re: Basic questions because I'm a noob sorry Post by: ejecto on October 29, 2012, 09:02:07 PM Thanks for this.
Title: Re: Basic questions because I'm a noob sorry Post by: caffeinewriter on October 29, 2012, 09:28:55 PM Or even better, a cold storage wallet on a Linux USB drive with armory installed. That's the best approach if you want security and privacy. Although blockchain.info does seem interesting, it's still possible that a malware in the computer you use to access it steal your password*, and, with it, your money. Plus, as it's a web wallet, the servers at blockchain.info are capable of seeing everything you do with your money. *By the way, that may happen with any desktop wallet as well. If you access your money from a generic computer you use to access the web, then you are taking risks. If you're storing only small amounts, then you don't need to worry that much. I myself have some BTCs here in this same computer I use to access the web. From the moment you start to put larger amounts, consider the option of an offline wallet. Actually, it's impossible for Blockchain to touch your wallet without your passkey, and with their current setup, there is no way to capture their passkey. They also have a JS verifier to show if the javascript has been modified in any way. Title: Re: Basic questions because I'm a noob sorry Post by: EhVedadoOAnonimato on November 02, 2012, 10:05:45 PM Actually, it's impossible for Blockchain to touch your wallet without your passkey, and with their current setup, there is no way to capture their passkey. Why there's no way to capture the passkey? A malware in the user's computer can always capture what's typed/clicked/etc. Title: Re: Basic questions because I'm a noob sorry Post by: MoonShadow on November 02, 2012, 10:09:20 PM Actually, it's impossible for Blockchain to touch your wallet without your passkey, and with their current setup, there is no way to capture their passkey. Why there's no way to capture the passkey? A malware in the user's computer can always capture what's typed/clicked/etc. He means that there is no way for anyone sniffing on Blockchain's side of the connection to capture the passkey, but I'm not sure that I agree with that statement. If you have malware on your computer, a local bitcoin client isn't safe either. Title: Re: Basic questions because I'm a noob sorry Post by: Applejack! on November 02, 2012, 10:56:48 PM If you aren't confident you can secure your own computer Bitcoin may not be for you.
Title: Re: Basic questions because I'm a noob sorry Post by: BitcoinINV on November 02, 2012, 10:59:08 PM So if I have a pc wallet do I really need a website wallet too or is the desktop one fine? I presume when I put coins in it I just copy and paste the address to whomever I buy the coins off? This is the part that really annoys me. All I want to do is click a few links jam my paypal in or bank details and bam there's my coins, but it seems here in the uk you need to spend time reading things and taking an interest in things that I suppose are pretty cool now I'm learning about it, but all I want is to be able to use the bloody bitcoins. My mum says im special ok I take credit cards, but you must be verified first. Bitcoin-keys.com (http://Bitcoin-keys.com) Title: Re: Basic questions because I'm a noob sorry Post by: caffeinewriter on November 09, 2012, 05:32:48 PM Actually, it's impossible for Blockchain to touch your wallet without your passkey, and with their current setup, there is no way to capture their passkey. Why there's no way to capture the passkey? A malware in the user's computer can always capture what's typed/clicked/etc. He means that there is no way for anyone sniffing on Blockchain's side of the connection to capture the passkey, but I'm not sure that I agree with that statement. If you have malware on your computer, a local bitcoin client isn't safe either. It's possible to sniff it, but improbable that that will ever happen. If Blockchain wanted to do it, they have ways to, but they're easy enough to detect. The validator freaks right the fuck out whenever my computer bugs out on javascript, which is a lot thanks to some disk errors that I haven't taken the time to iron out. Theoretically, they could sniff and brute force the HTTPS encrypted traffic (actually a rather easy attack), but the chances of them capturing anything that leads to a high value wallet is rather low. (This is just my personal analysis.) The chance of XSS is also low, and SQL Injection is useless as far as I can tell. (No I haven't tried it, but I've analyzed the site for my own sake) Anyways, local malware is the biggest threat. Title: Re: Basic questions because I'm a noob sorry Post by: dancupid on November 09, 2012, 05:39:25 PM Actually, it's impossible for Blockchain to touch your wallet without your passkey, and with their current setup, there is no way to capture their passkey. Why there's no way to capture the passkey? A malware in the user's computer can always capture what's typed/clicked/etc. He means that there is no way for anyone sniffing on Blockchain's side of the connection to capture the passkey, but I'm not sure that I agree with that statement. If you have malware on your computer, a local bitcoin client isn't safe either. It's possible to sniff it, but improbable that that will ever happen. If Blockchain wanted to do it, they have ways to, but they're easy enough to detect. The validator freaks right the fuck out whenever my computer bugs out on javascript, which is a lot thanks to some disk errors that I haven't taken the time to iron out. Theoretically, they could sniff and brute force the HTTPS encrypted traffic (actually a rather easy attack), but the chances of them capturing anything that leads to a high value wallet is rather low. (This is just my personal analysis.) The chance of XSS is also low, and SQL Injection is useless as far as I can tell. (No I haven't tried it, but I've analyzed the site for my own sake) Anyways, local malware is the biggest threat. I use blockchain, but most of my bitcoins are stored in a brain wallet - I watch this address on blockchain, and they provide the tools to allow me to access these coins if I need to. It's the best of all possible worlds. If someone hacks my account they can at best steal 3 bitcoins. The rest are safe. Title: Re: Basic questions because I'm a noob sorry Post by: caffeinewriter on November 09, 2012, 07:23:17 PM Actually, it's impossible for Blockchain to touch your wallet without your passkey, and with their current setup, there is no way to capture their passkey. Why there's no way to capture the passkey? A malware in the user's computer can always capture what's typed/clicked/etc. He means that there is no way for anyone sniffing on Blockchain's side of the connection to capture the passkey, but I'm not sure that I agree with that statement. If you have malware on your computer, a local bitcoin client isn't safe either. It's possible to sniff it, but improbable that that will ever happen. If Blockchain wanted to do it, they have ways to, but they're easy enough to detect. The validator freaks right the fuck out whenever my computer bugs out on javascript, which is a lot thanks to some disk errors that I haven't taken the time to iron out. Theoretically, they could sniff and brute force the HTTPS encrypted traffic (actually a rather easy attack), but the chances of them capturing anything that leads to a high value wallet is rather low. (This is just my personal analysis.) The chance of XSS is also low, and SQL Injection is useless as far as I can tell. (No I haven't tried it, but I've analyzed the site for my own sake) Anyways, local malware is the biggest threat. I use blockchain, but most of my bitcoins are stored in a brain wallet - I watch this address on blockchain, and they provide the tools to allow me to access these coins if I need to. It's the best of all possible worlds. If someone hacks my account they can at best steal 3 bitcoins. The rest are safe. Very smart idea :) I may start doing that ^_^ Also, keeping wallet backups is important. Just a note. I keep my encrypted backups in 3 places. |