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Author Topic: Is that safe to have in Blockchain.info more than 10 BTC ?  (Read 2630 times)
Curious8 (OP)
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January 10, 2016, 04:54:37 PM
 #1

Is that safe to have in Blockchain.info more than 10 BTC ? 
No worries ?
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January 10, 2016, 04:56:29 PM
 #2

If i had that much unless i was using it for trading and needed instant access to it, i would have it tucked away in a paper wallet or some sort of hardware wallet. 10btc to me is a lot to have in one wallet, especially blockchain.

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January 10, 2016, 04:58:08 PM
 #3

Is that safe to have in Blockchain.info more than 10 BTC ? 
No worries ?
They are safe as long as you stay safe, but if i were you i would buy a hardware wallet and put the bitcoins there.
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January 10, 2016, 05:06:16 PM
 #4

Is that safe to have in Blockchain.info more than 10 BTC ? 
No worries ?

Why don't you save it on your desktop wallet, and with the number of bitcoin as much as 10 btc i think  you should divide it into several parts with a small amount in the different wallet include in blockchain.info but it is just only my opinion the real decision is up to you
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January 10, 2016, 05:07:53 PM
 #5

If I were you, I will generate a few offline paper wallets for long term storage. Print out with laser printer and laminate the paper.
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January 10, 2016, 05:15:37 PM
 #6

A blockchain wallet offers several levels of security that make it about as safe as a desktop wallet. Unless your computer to be infected in some way it's pretty hard if not impossible to get inside. Now it's about your own personnal wealth: if 10 BTC is all your life's savings then you might want to be more careful. Some more security wouldn't be too much. Now if it's only part of your wealth and you want to have it ready to be used for any reason, then I'd say a blockchain wallet is a good compromise between security and easiness of access. Probably one of the best if not the best, actually.

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January 10, 2016, 05:19:47 PM
 #7

I would think it would be safe there but I prefer to split mine up so if I do end up losing some it is not all. A paper wallet could be a idea to have some safely secured. I know that gives me piece of mind.

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January 10, 2016, 05:21:14 PM
 #8

Is that safe to have in Blockchain.info more than 10 BTC ? 
No worries ?
the coins safety would depend on what you do imo. if you keep your computer safe from viruses and RATs and stuff from the internet, you should be fine. but just to be safe i recommend just sticking to a paper wallet honestly.
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January 10, 2016, 05:37:07 PM
 #9

If want to keep that coins for long term than i would like to suggest you better move these into hardware wallet or put them all into a paper wallet, if you want to use to for daily and instant access than blockchain.info wallet is secure.
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January 10, 2016, 05:45:09 PM
 #10

Is that safe to have in Blockchain.info more than 10 BTC ?  
No worries ?

NO, its not safe at all. I don't care what others tell you here, its absolutely nuts to even think of keeping that much BTC there.

Web wallets should only be used when you have no other option and even then it should be used to keep very small amounts, I'd say less than half a bitcoin.

 

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January 10, 2016, 07:00:21 PM
 #11

Is not safe, but just do it if you are sure with it.
For me I will just trust it if something happens I have my other wallets so no worries.


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January 10, 2016, 07:32:29 PM
 #12

No it isn't as it looks but there are different percentage of risk involved like for instance if you haven't shared your address to anybody or any forum then its a bit more safe but still there's a risk and it would be better to not keep more than 0.3 Bitcoin at a time in a online wallet and keep the others on the hardware wallet of your choice.
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January 10, 2016, 10:07:41 PM
 #13

Is that safe to have in Blockchain.info more than 10 BTC ?  
No worries ?

NO, its not safe at all. I don't care what others tell you here, its absolutely nuts to even think of keeping that much BTC there.

Web wallets should only be used when you have no other option and even then it should be used to keep very small amounts, I'd say less than half a bitcoin.

100% agree. How much would you keep in your leather wallet if you were going to that really bad neighbourhood Close to you? That's how much I would trust blockchain.info. There are literally 100s of better, safer or more secure options. Don't be left holding an empty wallet.
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January 10, 2016, 10:48:42 PM
 #14

I would not reckon to do this.
Sure they are a good company and they will be a good company.

But never put so many trust in a third party when it's your money.
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January 10, 2016, 10:56:02 PM
 #15

I would never keep more then 1 BTC on a online wallet nor a online exchange.
People urge you to make sure you withdraw it to minimize your risk.
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January 10, 2016, 11:28:21 PM
 #16

I would never keep more then 1 BTC on a online wallet nor a online exchange.
People urge you to make sure you withdraw it to minimize your risk.

My limit today is around 0.5 BTC per exchange. My wallet i store max. 2 bitcoins.
If i see I won't need it, i limit it to 1 bitcoin
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January 11, 2016, 12:11:54 AM
 #17

Online wallets aren't very safe, and 10 bitcoins is an important amount of money. If you don't have to use in few days or weeks, its better to store them on a cold wallet.
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January 11, 2016, 12:30:04 AM
 #18

Why take more risk than necessary?
The beauty of Bitcoin is that you can be absolutely secure, by moving your coins to cold storage.
Use an electrum (or any other cold storage wallet). Keep only coins which you use daily in a live wallet.
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January 11, 2016, 01:01:54 AM
 #19

Why take more risk than necessary?
The beauty of Bitcoin is that you can be absolutely secure, by moving your coins to cold storage.
Use an electrum (or any other cold storage wallet). Keep only coins which you use daily in a live wallet.
I think many ppl have given you the answers. I just want to say electrum is spv wallet, not cold wallet. You have to trust  third party to save and process the money. Off course paper wallet (cold wallet) is most secure and cheapest way to keep btc. Another good option is hard wallet, but it costs you some money.

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January 11, 2016, 02:14:41 AM
 #20

Is that safe to have in Blockchain.info more than 10 BTC ?  
No worries ?

NO, its not safe at all. I don't care what others tell you here, its absolutely nuts to even think of keeping that much BTC there.

Web wallets should only be used when you have no other option and even then it should be used to keep very small amounts, I'd say less than half a bitcoin.


IMO the clearest explanation of why you should NOT keep large amounts of BTC at blockchain.info.  I would go along with that amount (half a BTC or less), unless you own a lot and can afford a loss.

Your PC can keep BTC in a wallet (MultiBit) or you can get a hardware wallet (I have and like both the Trezor and the Ledger Nano).

Member litecoinguy has a great thread on hardware wallets.
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January 11, 2016, 06:03:49 AM
 #21

just as safe as keeping the bitcoin in your bank.  you could do that but what would be the point?  bitcoin is meant to be in sole control by its owner and not a third party.  that is where it's magic comes from.
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January 11, 2016, 06:18:22 AM
 #22

hey friend !!
i have only 0.01btc .
my many friends who involves in the bitcoin world to earn btc have about 10-12 btc . and they suggested me to also blockchain they find out that block chain is better than other wallet .
so if i have 20btc then i also use blockchain.info .

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January 11, 2016, 03:22:05 PM
 #23

and they suggested me to also blockchain they find out that block chain is better than other wallet .


You should read the post above yours about blockchain. Blockchain is no better than any other wallet and the worst bitcoin wallet since it has been reported many times that it can be easily hacked. It is much better if you control your own wallet instead of using a 3rd party web wallet provider

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January 11, 2016, 05:23:15 PM
 #24

hey friend !!
i have only 0.01btc .
my many friends who involves in the bitcoin world to earn btc have about 10-12 btc . and they suggested me to also blockchain they find out that block chain is better than other wallet .
so if i have 20btc then i also use blockchain.info .

There isn't any problem using blockchain as other web wallets for only 0.01 btc (if its hacked you only will loose 0.01 btc, i supose that you can afford this loose). But i recomend not using it to save 20 btc, its a large amount of money. Online wallets or exchanges can be hacked, and you could loose your bitcoins. You can ask your friends about hardware wallets, or paper wallets.
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January 11, 2016, 08:55:06 PM
Last edit: January 11, 2016, 09:35:08 PM by HarryKPeters
 #25

hey friend !!
i have only 0.01btc .
my many friends who involves in the bitcoin world to earn btc have about 10-12 btc . and they suggested me to also blockchain they find out that block chain is better than other wallet .
so if i have 20btc then i also use blockchain.info .



There isn't any problem using blockchain as other web wallets for only 0.01 btc (if its hacked you only will loose 0.01 btc, i supose that you can afford this loose). But i recomend not using it to save 20 btc, its a large amount of money. Online wallets or exchanges can be hacked, and you could loose your bitcoins. You can ask your friends about hardware wallets, or paper wallets.

I tend to agree on this. More then .5 BTC on a webwallet is quite risky. Only store it there if you can afford to lose it.
Else use your own wallet.

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January 11, 2016, 09:35:48 PM
 #26

Anything over 1 BTC is dangerous. When i stepped into bitcoin I learned to never have 1 btc over at a wallet
or an exchange. They can run away with your bitcoins.
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January 11, 2016, 09:58:48 PM
 #27

blockchain is the safest onlone wallet i think but it will be better if you keep your btc on a hadware wallet or have a very complicated password for your blockchain wallet and try to keep it safe
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January 12, 2016, 10:57:48 AM
 #28

Is that safe to have in Blockchain.info more than 10 BTC ?  
No worries ?

If you talking about online wallet it's totally wrong place stored big money and not safe.
Online wallet is a dangerous place to store big amount bitcoin. Because some plugin on your browser have a malicious ware that designed to steal all your online data.
Never stored your coins online unless for small only.

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January 12, 2016, 11:18:23 AM
 #29

I only use blockchain.info as pass-through-wallet.

I've long since moved to blocktrail.com as hotwallet and use electrum as cold storage.

To answer your question, I'd never hold more than 0.10 btc in blockchain.info or more than 1 btc in a decent hot wallet

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January 12, 2016, 12:58:21 PM
 #30

Is that safe to have in Blockchain.info more than 10 BTC ? 
No worries ?
There could be worries in everything,even the disk's can collapse if you are unlucky.I have seen people storing 200+ coins on blockchain wallet but i myself haven't used it for long term or as a cold storage.I don't think keeping 10 bitcoins will be problematic unless you lose the password.
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January 12, 2016, 03:49:53 PM
 #31

Why would you hold that much on an online wallet?

If you're not going to use it and it's just going to sit there, it's best to take it off from there

Transfer it over to a safer place like a desktop or trezor.
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January 12, 2016, 04:52:49 PM
 #32

I would not dare it.
Buy a trezor or even better sent them to your own wallet and make sure you have a difficult password to encrypt your wallet.

Having it stored online, is just waiting for problems.


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January 12, 2016, 06:36:27 PM
 #33

Simple answer:

NOPE

Site could be easily hacked.
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January 12, 2016, 07:27:25 PM
 #34

for long term i dont know.
at all  i dont think... who can stole bitcoins from blockchain. there is 30+ word hash login ?? and the strong password. Smiley)
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January 12, 2016, 09:23:47 PM
 #35

Is that safe to have in Blockchain.info more than 10 BTC ? 
No worries ?

Personally I feel safe with blockchain.info wallet and actually I store most of my coins right now there (its not more than 10 btc and not even close to it though Cheesy ). I think it is safe as long as you back up your wallet and keep the private key of the addresses. Also stay vigilant with the phishing links and malwares spreading on the net to be more secure.
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January 12, 2016, 10:22:57 PM
 #36

Its safe but i think its better to use hardware wallet than using online wallet.
Like electrum or bitcoin core that you can handle it in your pc or laptop safety..
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January 12, 2016, 10:25:12 PM
 #37

I don't know why so many are recommending blockchain .info. There were all kinds of problems last year. I'm sure a forum search would bring them all up. It's ok for noobs getting started with a small amount of bitcoin but not for safely storing 10.

The best bet would be a spare computer, freshly formatted. Install Electrum and transfer the coins to it. Keep the machine off line except for the occasional sync.  Or ... like others have mentioned ... a hardware wallet.

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January 12, 2016, 11:17:50 PM
 #38

Simple answer:

NOPE

Site could be easily hacked.

But if I use 2F authentication? Is safest or not?

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January 12, 2016, 11:34:02 PM
 #39

Simple answer:

NOPE

Site could be easily hacked.

But if I use 2F authentication? Is safest or not?

There is nothing safe even with 2fa you could still be hacked. If you are really looking to store your btc for over 10 btc then use a cold wallet instead unless you are planning to regularly spend that 10 btc back and forth then use hot wallet instead but obviously dont use blockchain.info but rather a desktop wallet

R


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MTBTT
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January 12, 2016, 11:40:19 PM
 #40

Is that safe to have in Blockchain.info more than 10 BTC ? 
No worries ?
I think it is very risky, both from hackers or that sites
online wallet is not recommended right to save a lot of money, even though the site was very reliable wallet, still was at risk,

better wear wallet offline..
Raimonn
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January 13, 2016, 01:30:30 AM
 #41

The users that think that blockchain.info wallets are very sure, need to search on the forum or on google about how many times it was hacked. If you use a wallet that store your private keys online, you need to know that if someone hack the site, your private keys that are stored on the website could be stolen.
Chris!
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January 13, 2016, 01:41:33 AM
 #42

I know I already posted my 2 cents but here's some proof of how crappy blockchain.info really is. I purchased BTC0.05 with fiat, sent a small amount then got 'hacked' in under 48h (without a compromised system... Strange).

1NYC44qh8d5fy6sVMi14KUT7yyvxrtE6as

https://blockchain.info/tx/963207024c45ba09e6bdf95876e38ea4e6f22d0ca740c0d9d822553faa6a69c6

I lost BTC0.05. How much are you willing to lose? That's how much you should keep in your wallet.
alwinlinzee
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January 13, 2016, 04:25:15 AM
 #43

Is that safe to have in Blockchain.info more than 10 BTC ? 
No worries ?
No worries ? the highest amount that i can maintain on blockchain without any worry is 2btc because that website is already the target of hackers.

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