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Author Topic: The safest wallet?  (Read 31160 times)
Wind_FURY
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October 17, 2016, 07:18:32 AM
 #101

Tha safest wallet is not an online wallet. Also you have to protect your PC anyway.
Protect your pc or laptop with anti virus because there is a virus that can log almost all your keystroke.. so its safe if you use  antivirus like kaspersky..
For me i dont trust online wallet because i already experience some problem before in online wallet.. thats why i try to use electrum and until now never had any issue..

Or why not learn how to use Linux? It is more secure and easy to learn. As long as you update it regularly then you are mostly safe from hacks. It also depends on how you use and secure your computer.

I also have been recommending using a bootable Linux USB like Tails Linux as a sort of hardware wallet. Tails Linux already has an Electrum wallet included in its software packages so no need to install it. The beauty of this Linux distro is all outgoing transactions go thru TOR for more privacy.

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Shinseiten
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October 17, 2016, 08:26:06 AM
 #102

I understand the differencies from various wallets. I need a different but related info:

If I want to develop on bitcoin and, primarily, create wallets, send bitcoin and check payments (basic CRUD actions), what's the best way?
Can I do all of this WITHOUT opening a full node?

I try to ask there before opening a new thread.
maydna
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October 17, 2016, 09:16:32 AM
 #103

i think every wallet is really safe and secure to use, the matter is maybe we don't think about the virus that can contain our wallet or the other file. and for online wallet, there are small chance for other people can steal the bitcoin as long as the online wallet keep to protect their site for attacking site.

but for your info, there are no place that really safe while we are live in this world.

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October 18, 2016, 07:24:30 PM
 #104

The safest option for you is to buy an used laptop, install any major wallet like Armoury for example and keep the laptop offline at times besides when u re actually making a transactions. An offline wallet is the safest option.

Make sure you reinstall a new OS, a virus killer and antimalware before you install a wallet. Also, do not use this laptop for ANYTHING else besides the wallet. No porn websites, no online movies, etc.

For security, your account has been locked. Email acctcomp15@theymos.e4ward.com
Babayega31
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October 21, 2016, 11:03:16 PM
 #105

The safest option for you is to buy an used laptop, install any major wallet like Armoury for example and keep the laptop offline at times besides when u re actually making a transactions. An offline wallet is the safest option.

Make sure you reinstall a new OS, a virus killer and antimalware before you install a wallet. Also, do not use this laptop for ANYTHING else besides the wallet. No porn websites, no online movies, etc.



Theres no need to re install new Os, all you need to do is change you antivirus security to eset nod32 and update its database after installation. You must do full scanning in both drives c and d if you have partition drives.

vladozlat
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October 28, 2016, 11:16:02 AM
 #106

What about the safest among online wallets? Which one would you prefer if you couldn't use a secure desktop wallet and why?
Mark02
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October 29, 2016, 09:58:13 AM
 #107

What about the safest among online wallets? Which one would you prefer if you couldn't use a secure desktop wallet and why?

Well it depends on where you live. Like me I'm living in the Philippines and we mainly uses Coins.ph because we can access its features in our county. But, those people living in States or other parts of the world. You can use Blockchain.io or Coinbase. These two I think are the safest wallet since their level of security is very high. You need code in Phone and email before you can access your wallet so there is no other way thieves can stole your bitcoin. Plus, the fact that many are using this wallet. There is very low risk of that company to scam your bitcoin stored in it.
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October 29, 2016, 01:24:27 PM
 #108

So I mostly use paper wallets for storage which is a risk since if I lose the paper then thats it, game over. I been looking for alternatives and a friend told me he simply runs electrum portable from a USB flashdrive only when he needs to send money, then unplugs it meaning that the wallet and the .dat are both offline

Now while is a bit easier to use than a paper wallet the biggest advantage IMHO is that he got a seed so even if he loses the flashdrive he can get his wallet back.

Should I switch to that method? what are the possible vulnerabilities of it?

And before someone mentions "hardware wallet" I live in a country with some heavy import restrictions (on top of fiscal ones) so I rather not order something that could get me questioned by custom officials.

You can use any wallet you like but if you are not "safe" meaning that your are running the wallet in not a safe environment, infected pc or any keylogger or simply you save your private key as a plain text, while copying it you have it in clipboard which some softwares can get this info.

Bitcoin core is safe enough if you know how to use and how to pretend any malware/keylogger accessing sensitive information.

I prefer more hardware wallets which works even in an infected pc and those that have physical buttons to enter the PIN.
vladozlat
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October 31, 2016, 10:08:10 AM
 #109

What about the safest among online wallets? Which one would you prefer if you couldn't use a secure desktop wallet and why?

Well it depends on where you live. Like me I'm living in the Philippines and we mainly uses Coins.ph because we can access its features in our county. But, those people living in States or other parts of the world. You can use Blockchain.io or Coinbase. These two I think are the safest wallet since their level of security is very high. You need code in Phone and email before you can access your wallet so there is no other way thieves can stole your bitcoin. Plus, the fact that many are using this wallet. There is very low risk of that company to scam your bitcoin stored in it.

It seems many people use both of the wallets. As for the Coinbase, they say they have a license (in the U.S.) for their business (actually I didn't quite get what kind of license). Does it add some layer of security for the user on your opinion, or in the bitcoin world such type of licenses don't mean much?
calkob
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November 01, 2016, 11:09:42 PM
 #110

I am using an online wallet called coinbase. and it is safe to me and no charge for making transaction (upto 40 free transaction per day)

Yeah but they can shut your account at anytime and i have heard that they have even shut accounts for black listed coins that they say have been used in illegal activities. not good, also you dont own the private keys so it aint your bitcoin
shinratensei_
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November 02, 2016, 07:02:37 AM
 #111

What about the safest among online wallets? Which one would you prefer if you couldn't use a secure desktop wallet and why?

Well it depends on where you live. Like me I'm living in the Philippines and we mainly uses Coins.ph because we can access its features in our county. But, those people living in States or other parts of the world. You can use Blockchain.io or Coinbase. These two I think are the safest wallet since their level of security is very high. You need code in Phone and email before you can access your wallet so there is no other way thieves can stole your bitcoin. Plus, the fact that many are using this wallet. There is very low risk of that company to scam your bitcoin stored in it.

It seems many people use both of the wallets. As for the Coinbase, they say they have a license (in the U.S.) for their business (actually I didn't quite get what kind of license). Does it add some layer of security for the user on your opinion, or in the bitcoin world such type of licenses don't mean much?
Yes, indeed. are you referred for this?
https://www.coinbase.com/legal/licenses
Actually, about using the legal licensed are published by the legal institution it means in the real this service are already got any recognition be them. and this is will giving more for the users.
It's mean the official institution are giving the another guarantee for the users of coinbase are having the unresolved problem and that's so helpfully.

Like this one
Quote
If you have a complaint, first contact the consumer assistance division of Coinbase at support@coinbase.com or (800) 343-5845. If you still have an unresolved complaint regarding the company's money transmission or currency exchange activity, please direct your complaint to: Texas Department of Banking, 2601 North Lamar Boulevard, Austin, Texas 78705, 1-877-276-5554 (toll free), www.dob.texas.gov.

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equator
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November 02, 2016, 07:38:29 AM
 #112

What about the safest among online wallets? Which one would you prefer if you couldn't use a secure desktop wallet and why?

Well it depends on where you live. Like me I'm living in the Philippines and we mainly uses Coins.ph because we can access its features in our county. But, those people living in States or other parts of the world. You can use Blockchain.io or Coinbase. These two I think are the safest wallet since their level of security is very high. You need code in Phone and email before you can access your wallet so there is no other way thieves can stole your bitcoin. Plus, the fact that many are using this wallet. There is very low risk of that company to scam your bitcoin stored in it.

It seems many people use both of the wallets. As for the Coinbase, they say they have a license (in the U.S.) for their business (actually I didn't quite get what kind of license). Does it add some layer of security for the user on your opinion, or in the bitcoin world such type of licenses don't mean much?
Yes, indeed. are you referred for this?
https://www.coinbase.com/legal/licenses
Actually, about using the legal licensed are published by the legal institution it means in the real this service are already got any recognition be them. and this is will giving more for the users.
It's mean the official institution are giving the another guarantee for the users of coinbase are having the unresolved problem and that's so helpfully.

Like this one
Quote
If you have a complaint, first contact the consumer assistance division of Coinbase at support@coinbase.com or (800) 343-5845. If you still have an unresolved complaint regarding the company's money transmission or currency exchange activity, please direct your complaint to: Texas Department of Banking, 2601 North Lamar Boulevard, Austin, Texas 78705, 1-877-276-5554 (toll free), www.dob.texas.gov.


Security wise Coinbase is very good for web wallet, but if you are going to use in gambling then better dont use it as they will ban your account if found using gambling without any warning. And even your personal details and transaction are also not secure because if any legal authored person ask your detail they will disclose it.

So it is better to use desktop or hardware wallet for any purpose with fully security
vladozlat
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November 02, 2016, 11:59:16 AM
 #113

Yes, indeed. are you referred for this?
https://www.coinbase.com/legal/licenses
Actually, about using the legal licensed are published by the legal institution it means in the real this service are already got any recognition be them. and this is will giving more for the users.
It's mean the official institution are giving the another guarantee for the users of coinbase are having the unresolved problem and that's so helpfully.

Like this one
Quote
If you have a complaint, first contact the consumer assistance division of Coinbase at support@coinbase.com or (800) 343-5845. If you still have an unresolved complaint regarding the company's money transmission or currency exchange activity, please direct your complaint to: Texas Department of Banking, 2601 North Lamar Boulevard, Austin, Texas 78705, 1-877-276-5554 (toll free), www.dob.texas.gov.

Yes I mean that page with the list of licenses on their web site.
Having read some topics here I've come to conclusion that most of the members don't take that licenses as something really important which could affect on wallet security and which each wallet definitely must have. Yet another interesting question is whether such type of U.S license could help somehow settle issues of those users who don't live in the U.S., European users like me for example.
vladozlat
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November 02, 2016, 12:10:55 PM
 #114

Security wise Coinbase is very good for web wallet, but if you are going to use in gambling then better dont use it as they will ban your account if found using gambling without any warning. And even your personal details and transaction are also not secure because if any legal authored person ask your detail they will disclose it.

So it is better to use desktop or hardware wallet for any purpose with fully security
Which one among desktop wallets and hardware ones is better on your opinion?
Mark02
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November 07, 2016, 10:10:13 AM
 #115

Security wise Coinbase is very good for web wallet, but if you are going to use in gambling then better dont use it as they will ban your account if found using gambling without any warning. And even your personal details and transaction are also not secure because if any legal authored person ask your detail they will disclose it.

So it is better to use desktop or hardware wallet for any purpose with fully security


Well for me I don't think online wallets are not safe. In fact, we can be secured to them because they have another companies as partners and since they have partners, they cannot close in an instant.

In the first place, hardware wallet can not be safe also if your computer or hardware is infected with a virus. So, the care is in your hands. Make sure to take security precautions first before transacting if you are holding a large amount of bitcoin.
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November 07, 2016, 06:40:16 PM
 #116

Paper wallets are very safe. Check out my website:

paper-wallet.net

I still have a lot of work to do in order to improve my website, but it works already for some currencies.
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November 08, 2016, 01:52:41 PM
 #117

I think the best solution will be offline usb wallet
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November 08, 2016, 02:00:44 PM
 #118

Paper wallets are very safe. Check out my website:

paper-wallet.net

I still have a lot of work to do in order to improve my website, but it works already for some currencies.
Paper wallets are really safe if they are created offline using Bitcoin Core, Electrum, Armory, CoPay or Bitaddress.org. But, unfortunately, your website does not seem to be safe. May be, as it is under construction, I did not understand its working.

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November 08, 2016, 05:30:38 PM
 #119

@newIndia

My website can be used offline. It is only front end.

Maybe I should put the code on github. I am not sure yet if this would be a good idea. I have to think about this a little bit.
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November 08, 2016, 06:19:26 PM
 #120

@newIndia

My website can be used offline. It is only front end.

Maybe I should put the code on github. I am not sure yet if this would be a good idea. I have to think about this a little bit.

You should put it on github and be transparent about what you are doing.
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