Bitcoin Forum

Kinna wondering..beats the heck out of having to dl the bc again

It is NOT an online wallet.

It's a lightweight client, and it works like a charm. There is a function to encrypt your private keys, so it's safe (you should not keep bigger amounts in there anyway).

Base on my experience Multibit bitcoin wallet is safe and secure. I've been using it on for a couple of months now without any problem.

I've been using it for months without any issues

There are other wallets that don't download the blockchain like Electrum.

You could always get a online wallet like blockchain.info. That doesn't download the bc either.

It's been working alright for me. Or you could,as suggested,use the blockchain.info wallet. Nothing's lost even if your hard drive fails or something.

Where would you keep larger amounts?

@ OP I use multibit and am happy with it.

In an offline wallet! Or maybe even on a paper wallet.

Agree.
Offline / Paper wallet is probably the best way to store a large amount of bitcoin. :)

Thanks for the input yall..trying it out now

Paper wallet is not easy to set up by the way

Why do you think that?

first at all you need to know how to match a private key.

+1
No problems here either

I haven had any problems with it so i can recommend!

Is Qt or online wallet recommended?

I am using multibit it is working fine for me.

Paper wallets are very easy to set up using bit address.

Multibit is good; used it for a while, very comfortable and easy to use.

For me it's perfect, because I do not need to download the whole blockchain.

And it's safe :)

For extra safety, you should run the code offline, and format your computer afterwards. :)

It's a good client,but keep your comp clean and safe.

It should be safe, no worries...

How do you have an offline wallet if you only have 1 PC - probably totally missing something so excuse the noob!

sure it is,
otherwise you can also use a different bitcoin wallet snawdog.

There are 2 words that you are mixing up i think.

Offline wallet = Wallet that is not hosted on the internet.
Cold wallet = paper wallet or usb stick. Defined as a wallet that is hosted on a medium that is NOT connected to the internet.

You can have a offline wallet by downloading multibit or bitcoin QT

Never had a problem with Multibit myself. Highly recommend it

It's not an online wally  :P and it's pretty secure, I use it because it's a light wallet, QT takes up around 10gb currently and I don't want that

Yeah but Online Wallets are not safe.

nothing is safe up to 100%.... your usb wallet can dissapear by itself (flash memory fading), your paper wallet can be destryoyed by oxygen in time, you can forgot password to your encryption etc. etc.

After many members recommendation now I am also going to use this Multibit because right now I am using blockchain.info and have 2 hack attempts

Multibit isn't an online wallet in humble knowledge and I think it's security depend on how clean your computer is (and how secure). it's a great one IMO.

How do you know? Have you got 2 factor auth set up? I'd make sure you haven't got any keyloggers first and maybe boot from ubuntu.

Maybe he found some strange IPs in his wallet logging page?

I'd definitely set up 2 factor auth on your phone if that was the case.

After all the COinbase/MTgox ect leaks, there are so many hacking and phishing attemps. It is so sick :(

Cold storage is the way to go now IMO. Atleast for everything over 1 BTC!

Unequivocally yes

I never use ubuntu and have 2 factor auth also but both time I have email from gmail also some one from Holland trying to in my account I have no idea whats happening right now with my account

I think he recommended you to actually boot from ubuntu, maybe even from a live-disk.

Yeah. And change your 2 factor to your phone. If you've got a key logger or something its quite easy to get into your email. Do you have a second password on your blockchain?

Multibit is not a online wallet. It is lightweight client specially created for newbies and those with slow internet connection. It synchronize with network very fast.

Multibit is a desktop wally.

IF your computer is safe from hackers and malware, keygen then multibit is 100% safe.

I am using multibit, it is easy to use and it is secured enough. But once you receive large amounts then backup your wallet and store it offline.