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Author Topic: New here. How do I know wallets are safe to download?  (Read 1320 times)
Swordsoffreedom
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June 15, 2014, 04:32:36 AM
 #21

I'm pretty new to all of this and was just wondering... like how do I know downloading any given wallet isn't going to give someone access to my files or install malware or something on my computer?

There is a list of wallets you can use
The Best Wallet is Bitcoin Core but there are different ones you can use as well
https://bitcoin.org/en/download
OR
https://bitcoin.org/en/choose-your-wallet

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Marlo Stanfield
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June 15, 2014, 05:58:05 AM
 #22

All legit wallets are open source.

Or something like blockchain.info. But even with that I'd be careful.

blockchain.info does not actually have access to your funds, although some web wallets, such as coinbase, do.  I'd stay away from those if you want to be safe.  Blockchain.info is a great place to keep bitcoin for day-to-day spending.

Yeah, I'm more referring to the being careful about other attacks like phishing which are much more common aginst blockchain.info accounts. Like recently and possibly to this day the sponsored result when you google blockchain.info is a site that says it goes to blockchain.info but it's really just a phishing site that will empty your account.
Gimmelfarb
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June 15, 2014, 06:01:48 AM
 #23

you may want to familiarize yourself with GPG signatures. that way, when developers release something, you can see that it is properly signed, ensuring that you are receiving the file that the developer intended.
odolvlobo
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June 15, 2014, 07:30:32 PM
 #24

Thanks for your help guys. Another question:

Is there any danger to making transactions on an unsecure wifi network? Like will someone somehow be able to access my wallet if it's unencrypted and I'm using it at a coffee shop or something? The ins and outs of computer security have been difficult for me to wrap my head around in the past.

Transactions are public knowledge. They have to be -- they are sent to everyone for verification and eventually end up in the block chain. They are  not encrypted and contain no secret information. The only downside to sending a transaction over an open wifi, is that a hacker can potentially determine that the transaction came from you.

Also, it is very important to encrypt and back up your walllet before sending any bitcoins to it. Then if someone does gain access to your computer, or you lose it, your bitcoins are still safe.

Join an anti-signature campaign: Click ignore on the members of signature campaigns.
PGP Fingerprint: 6B6BC26599EC24EF7E29A405EAF050539D0B2925 Signing address: 13GAVJo8YaAuenj6keiEykwxWUZ7jMoSLt
Habeler876
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June 15, 2014, 07:38:10 PM
 #25

you may want to familiarize yourself with GPG signatures. that way, when developers release something, you can see that it is properly signed, ensuring that you are receiving the file that the developer intended.

This works for well-known developers, and I fully agree. For Bitcoin QT or MultiBit, for instance, you can depend on this. With altcoin wallets, the developers are often unknown anyway, so it's still a big risk.

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June 15, 2014, 07:53:23 PM
 #26

you may want to familiarize yourself with GPG signatures. that way, when developers release something, you can see that it is properly signed, ensuring that you are receiving the file that the developer intended.

This works for well-known developers, and I fully agree. For Bitcoin QT or MultiBit, for instance, you can depend on this. With altcoin wallets, the developers are often unknown anyway, so it's still a big risk.

yeah, i miss out on a lot of altcoin action because I'm just too scared to touch the software. what i should do is get another cheap laptop to mess around with altcoins -- not for online/offline bitcoin storage.
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June 19, 2014, 05:19:25 AM
 #27

It's the best way to find some good wallet on the bitcoin.org and maybe ask friends what they use. I used Armory and i don't suggest you to use it since it's data got corrupted and i had problems getting my BTC out of it.

Bitcoin is DEAD
bhantom
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June 19, 2014, 05:31:26 PM
 #28

Just downloaded the bitcoin-qt and it's taking forever to download the blockchain  Huh

Think I'll just carry on using blockchain.info for now
devthedev
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June 19, 2014, 05:32:16 PM
 #29

Just downloaded the bitcoin-qt and it's taking forever to download the blockchain  Huh

Think I'll just carry on using blockchain.info for now

Use Multibit then, It only takes a minute or so to download the blockchain.

Sonny
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June 19, 2014, 07:23:45 PM
 #30

Just downloaded the bitcoin-qt and it's taking forever to download the blockchain  Huh

Think I'll just carry on using blockchain.info for now

If you don't want to download all the 20GB+ blockchain data, you could use SPVs like Multibit and Electrum.
blockchain.info is good as well, and you should enable 2FA and make encrypted backups as well. Smiley
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