Bitcoin Forum

Other => Beginners & Help => Topic started by: watchtheholygrail on July 20, 2013, 12:53:20 AM



Title: Best way to keep bitcoin wallet safe
Post by: watchtheholygrail on July 20, 2013, 12:53:20 AM
I've got a bitcoin wallet on https://blockchain.info/wallet/.

Just wondering how safe this wallet service it.


Title: Re: Best way to keep bitcoin wallet safe
Post by: Blood Ninja on July 20, 2013, 01:29:47 AM
"Web wallets host your bitcoins. That means it is possible for them to lose your bitcoins following any incident on their side. As of today, no web wallet service provide enough insurance to be used to store value like a bank."

A paper Wallet is the safest!


Go here it explains all the pro's and con's of each type of wallet.

http://bitcoin.org/en/choose-your-wallet

Cheers


Title: Re: Best way to keep bitcoin wallet safe
Post by: btcton on July 20, 2013, 04:29:06 AM
Try not to use web wallets, they're not the safest. I personally store my wallet in my external hard drive.


Title: Re: Best way to keep bitcoin wallet safe
Post by: DannyHamilton on July 20, 2013, 05:14:42 AM
Fortunately, blockchain.info is not a "web wallet", they are a "hybrid wallet".  This means you get to keep a backup of your private keys, and that blockchain.info doesn't have access to an unencrypted copy of those private keys.

Because of this, if you use a secure enough password and store a copy of the wallet file in a safe place, then blockchain.info is just about as secure as wallets like Electrum, MultiBit, or Bitcoin-Qt


Title: Re: Best way to keep bitcoin wallet safe
Post by: bitcoindigi on July 20, 2013, 07:02:19 AM
yes, blockchain.info is as safe as any other common method


Title: Re: Best way to keep bitcoin wallet safe
Post by: walletrss on July 20, 2013, 09:31:50 AM
you might want to check http://www.walletrss.com/ (http://www.walletrss.com/) for tracking your wallet


Title: Re: Best way to keep bitcoin wallet safe
Post by: Mike Scofield on July 20, 2013, 11:01:09 AM
I've got a bitcoin wallet on https://blockchain.info/wallet/.

Just wondering how safe this wallet service it.

I wouldn't keep your coins there at all times because its harder to trust online wallets now a days. However, blockchain has a great reputation, and really hasn't failed on the community thus far. I would say you are safe to use it, however, be very caution on leaving it there at all times. It is best to encrypt your wallet using the bitcoin client, and storing it on a USB drive, or using a paper wallet from coinbase.