iram91445 (OP)
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August 04, 2015, 07:30:16 PM |
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So i recently saw a bug with blockchain.info and im a newbie on bitcoin wallets so i decided to move my wallet from there. I would like to use a wallet that is safe and that can be recovered in case of loosing it or something like that. Any suggestions what should i use?
Edit: is multibit a good alternative? and if yes how can the wallet be recovered on it in case of an emergency?
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coinpr0n
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August 04, 2015, 07:36:45 PM |
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So i recently saw a bug with blockchain.info and im a newbie on bitcoin wallets so i decided to move my wallet from there. I would like to use a wallet that is safe and that can be recovered in case of loosing it or something like that. Any suggestions what should i use?
I think it mostly depends on the amount you intend to keep in a wallet. Web wallets should be considered 'hot', holding just enough for what you need to use daily (check out Coinbase). Mobile wallets are also considered hot (check out Bitcoin Wallet on Android, Breadwallet on iOS or Mycelium). Any considerable amount of coins should be stored in a 'cold' wallet - one without access to the internet (check out Paper Wallets, Hardware Wallets or specialized software like Armory).
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iram91445 (OP)
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August 04, 2015, 07:46:57 PM |
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So i recently saw a bug with blockchain.info and im a newbie on bitcoin wallets so i decided to move my wallet from there. I would like to use a wallet that is safe and that can be recovered in case of loosing it or something like that. Any suggestions what should i use?
I think it mostly depends on the amount you intend to keep in a wallet. Web wallets should be considered 'hot', holding just enough for what you need to use daily (check out Coinbase). Mobile wallets are also considered hot (check out Bitcoin Wallet on Android, Breadwallet on iOS or Mycelium). Any considerable amount of coins should be stored in a 'cold' wallet - one without access to the internet (check out Paper Wallets, Hardware Wallets or specialized software like Armory). i checked out armory software though it says that i should store the cold wallet on a computer without internet access and i have only one pc... paper wallets are not ok for me as i can easily loose it and hardware wallets need buying stuff. also any ideas about multibit? is it also a hot wallet?
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Madness
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August 04, 2015, 07:49:49 PM |
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So i recently saw a bug with blockchain.info and im a newbie on bitcoin wallets so i decided to move my wallet from there. I would like to use a wallet that is safe and that can be recovered in case of loosing it or something like that. Any suggestions what should i use?
Edit: is multibit a good alternative? and if yes how can the wallet be recovered on it in case of an emergency?
If there is something you could learn on bitcoin then ti's that you should never store your money in an exchange for a long (look happened on MtGox) and online wallets because if they got hacked , you get hacked , if you get hacked your coins are lost for ever and there is no way to restore them . Multibit HD does that , there is a seed a backup file you could use to get your coins back . I'd suggest Electrum which gives you a seed too , just write the seed on a piece of paper and hide it somewhere . you should be fine
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iram91445 (OP)
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August 04, 2015, 07:51:42 PM |
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also i forgot to mention that im not sure if my pc is free of viruses, is it safe to use multibit or electrum then? cant wallet files get stolen?
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gentlemand
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August 04, 2015, 07:53:33 PM |
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also i forgot to mention that im not sure if my pc is free of viruses, is it safe to use multibit or electrum then? cant wallet files get stolen?
Then blockchain.info won't be much or any more secure than those options if you access it with your computer.
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iram91445 (OP)
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August 04, 2015, 07:55:00 PM |
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also i forgot to mention that im not sure if my pc is free of viruses, is it safe to use multibit or electrum then? cant wallet files get stolen?
Then blockchain.info won't be much or any more secure than those options if you access it with your computer. so as far as i understood i should use electrum yes?
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zmhtech
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August 04, 2015, 07:55:45 PM |
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My vote is for using paper wallets. Only use coinbase for a little spending money, and think about the paper wallets as a savings account.
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dothebeats
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August 04, 2015, 07:55:52 PM |
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So i recently saw a bug with blockchain.info and im a newbie on bitcoin wallets so i decided to move my wallet from there. I would like to use a wallet that is safe and that can be recovered in case of loosing it or something like that. Any suggestions what should i use?
Edit: is multibit a good alternative? and if yes how can the wallet be recovered on it in case of an emergency?
Personally I would use Electrum. Been using it for almost a year now and so far I haven't encountered any bugs, not to mention it is very newbie-friendly (at least for me.) Btw, what kind of "emergency" are we talking about here?
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gentlemand
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August 04, 2015, 07:56:13 PM |
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also i forgot to mention that im not sure if my pc is free of viruses, is it safe to use multibit or electrum then? cant wallet files get stolen?
Then blockchain.info won't be much or any more secure than those options if you access it with your computer. so as far as i understood i should use electrum yes? Not unless you keep your computer completely and permanently disconnected from the internet if you're not sure it's secure.
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Madness
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August 04, 2015, 07:56:23 PM |
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also i forgot to mention that im not sure if my pc is free of viruses, is it safe to use multibit or electrum then? cant wallet files get stolen?
Then blockchain.info won't be much or any more secure than those options if you access it with your computer. so as far as i understood i should use electrum yes? You should make sure that your PC is clean then install Electrum yes , because if the hacker have advanced Keylogger in your PC he could get your seed and you get hacked .
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iram91445 (OP)
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August 04, 2015, 07:57:03 PM |
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So i recently saw a bug with blockchain.info and im a newbie on bitcoin wallets so i decided to move my wallet from there. I would like to use a wallet that is safe and that can be recovered in case of loosing it or something like that. Any suggestions what should i use?
Edit: is multibit a good alternative? and if yes how can the wallet be recovered on it in case of an emergency?
Personally I would use Electrum. Been using it for almost a year now and so far I haven't encountered any bugs, not to mention it is very newbie-friendly (at least for me.) Btw, what kind of "emergency" are we talking about here? i was talking about hard drive crash, reinstall of windows, viruses and stuff like that
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Mickeyb
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August 04, 2015, 07:59:39 PM |
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So i recently saw a bug with blockchain.info and im a newbie on bitcoin wallets so i decided to move my wallet from there. I would like to use a wallet that is safe and that can be recovered in case of loosing it or something like that. Any suggestions what should i use?
Edit: is multibit a good alternative? and if yes how can the wallet be recovered on it in case of an emergency?
There are tons of wallets out there. You need to do your research about them and figure out all of the features and what do you need from a wallet. All are pretty good except online wallets. One thing is sure, make sure or at least give your best that your wallet is virus free, because if you have viruses on your machine, every single wallet can be unsecure if you are hit with the right virus. Only a hardware wallet like Trezor might save you if your computer is infected.
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dothebeats
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August 04, 2015, 08:01:34 PM |
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So i recently saw a bug with blockchain.info and im a newbie on bitcoin wallets so i decided to move my wallet from there. I would like to use a wallet that is safe and that can be recovered in case of loosing it or something like that. Any suggestions what should i use?
Edit: is multibit a good alternative? and if yes how can the wallet be recovered on it in case of an emergency?
Personally I would use Electrum. Been using it for almost a year now and so far I haven't encountered any bugs, not to mention it is very newbie-friendly (at least for me.) Btw, what kind of "emergency" are we talking about here? i was talking about hard drive crash, reinstall of windows, viruses and stuff like that Store multiple copies of wallet.dat and private keys on a machine or a flash drive that isn't connected to the internet. That's my solution to your problem.
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jbrnt
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August 04, 2015, 08:02:25 PM |
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also i forgot to mention that im not sure if my pc is free of viruses, is it safe to use multibit or electrum then? cant wallet files get stolen?
If you are unsure on viruses and malware, scan you computer for viruses and malware before you buy any bitcoin. PC security is so important for bitcoin. For hot and mobile wallet, look into Coinbase. It's wallets are insured against theft and hacking: https://support.coinbase.com/customer/portal/articles/1662379-how-is-coinbase-insured-For larger amounts, try Electrum and/or paper wallets. Electrum has a neat 13 word seed wallet recovery system.
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teddy5145
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August 04, 2015, 08:07:15 PM |
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If you really want to safe wallet, you need to use paper wallets or hardware one If you afraid to accidentally lose your paper wallet, put it in safe place that you won't lose it (safes or maybe your own wallet) Or spend some money to get the hardware one Good luck keeping your btc safe
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gentlemand
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August 04, 2015, 08:07:56 PM |
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For hot and mobile wallet, look into Coinbase. It's wallets are insured against theft and hacking:
They're only insured against hacks at their end. Still great for customers but that's a significant detail. Losing coins through their customers ballsing up is not their lookout.
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arloseb
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August 04, 2015, 08:08:01 PM |
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I usually use multibit since 1 year without major issue.
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spazzdla
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August 04, 2015, 08:11:27 PM |
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If you create the wallet on a harddrive that is connected to the internet it is a "hot" wallet. If the harddrive was disconnected from the web and is reconnect it is a "hot" wallet.
IF the harddrive you create the wallet on has never touched the web and WILL NEVER touch the web it is a "cold" wallet.
A "wallet" is really only a string of 52 characters. The idea is to create those characters on a computer that is completely offline and always will be, encrypt those characters and then you can save them all over without fear, if your encyrption is up to par.
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spazzdla
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August 04, 2015, 08:13:10 PM |
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If you really want to safe wallet, you need to use paper wallets or hardware one If you afraid to accidentally lose your paper wallet, put it in safe place that you won't lose it (safes or maybe your own wallet) Or spend some money to get the hardware one Good luck keeping your btc safe You can use Bitcoin QT, it just needs to be done on an offline harddrive.... so does creating paper wallets... If you run bitaddress.org on your home computer connected to the web, accept some one else knows your private keys even if it's encrypted. Even if you download the webpage, disconnect the computer, run it and reconnect it, I'd still consider them gone. THe maleware will just forward it after you reconnect.
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