Blockchain.info

[pedrog]

With blockchain.info you have the private keys, mtgox was the one with the private keys.

Blockchain.info you own the coins, with mtgox it was mtgox who owned the coins, cryptographically speaking...

Yes, its a better system for users because of this. Of course you are still needing to trust the functionality of the website and that it has close to 100% uptime.

Correct, assuming Blockchain.info claims are true.

If you have your keys you don't need 100% uptime, has you'll be able to move your coins if blockchain.info isn't available.

[RodeoX]

With blockchain.info you have the private keys, mtgox was the one with the private keys.

Blockchain.info you own the coins, with mtgox it was mtgox who owned the coins, cryptographically speaking...

Yes, its a better system for users because of this. Of course you are still needing to trust the functionality of the website and that it has close to 100% uptime.

Correct, assuming Blockchain.info claims are true.

If you have your keys you don't need 100% uptime, has you'll be able to move your coins if blockchain.info isn't available.

That's a good point. If you had the private keys then you could go to a different wallet. For those new to the system, it's all about that private key. With it everything is fixable, without it there is no hope.

[gkv9]

@OP,
No wallets are safe unless you have an offline wallet with your private keys stored somewhere in some safe disk or blades (pendrives)...
Even blockchain.info wallets get hacked, I am myself seeing somebody trying to login into my account, thanks to myself I had 2-Factor Authentication enabled on my wallet...

[twister]

Blockchain.info wallet is no longer listed at the recommended wallets list at the https://bitcoin.org/en/choose-your-wallet, they were listed there at one time but they were removed, surely they must have done something wrong which caused their removal. That should be enough to make people understand that its not safe, you can keep a small amount of bitcoins there but even that is at risk and why take any risks when there are so many other safer options available.

[enhu]

Blockchain.info is not affected in this way. They allow users to export private key which would give the user full access to the funds even if they are down. They don't have your unencrypted private key in the first place.

Good to know that.  Granted that a user had exported his private key, how would he access his wallet while site is down? And can he still send the funds to another wallet?

[twister]

Blockchain.info is not affected in this way. They allow users to export private key which would give the user full access to the funds even if they are down. They don't have your unencrypted private key in the first place.

Good to know that.  Granted that a user had exported his private key, how would he access his wallet while site is down? And can he still send the funds to another wallet?

If you have the keys, you can import it into any other wallet like, Core, Electrum etc. and take hold of your funds.

[Allution]

Thank you for the info.
I am going to download Bitcoin Core and store my Bitcoins there.
Malware Bytes + Bit-defender are already installed on the PC, so i suppose I will be safe if i do not download every shit program that is on youtube, etc.
I am going to store private keys offline or on a usb.

Any further advise?

Regards

[chanlance]

just thought i ask.....is investing in he trezor hardware wallet worth it

[HarryKPeters]

Thank you for the info.
I am going to download Bitcoin Core and store my Bitcoins there.
Malware Bytes + Bit-defender are already installed on the PC, so i suppose I will be safe if i do not download every shit program that is on youtube, etc.
I am going to store private keys offline or on a usb.

Any further advise?

Regards

I would advise you to store keys and password seperate. I stored half of my passprase online and the other half on 2 USB's of which one also have my wallet.dat.
This combination feels safe to me.

[OROBTC]

just thought i ask.....is investing in he trezor hardware wallet worth it

Yes!  Assuming you have more than, say, $400 or so in Bitcoin.

I keep a small balance at blockchain.info, mostly for receiving payments, then sending them on to bitmixer.io and/or blockchain.info's SharedCoin service on the way to my Trezor.