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Author Topic: Coinpool wallet, how safe??  (Read 735 times)
LouReed
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April 02, 2013, 03:05:47 PM
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Can anyone tell me how safe this LTC wallet is? Right now I just have them on BTCe, but they are getting pretty valuable, and I'd like to find a safer place to keep them.

http://wallet.coinpool.net/

Thanks in advance for any input!
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crazy_rabbit
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April 02, 2013, 03:19:06 PM
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It should be pretty safe, but don't keep a million dollars there.

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April 02, 2013, 03:26:29 PM
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Can anyone tell me how safe this LTC wallet is? Right now I just have them on BTCe, but they are getting pretty valuable, and I'd like to find a safer place to keep them.

http://wallet.coinpool.net/

Thanks in advance for any input!

If you want to keep them somewhere safe, download the official litecoin client, send the coins to your client's wallet, dumpprivkey, print out the privkey on a piece of paper, destroy the client/wallet from your pc and when you're ready to redeem, re-install the client, importprivkey and spend away...
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April 02, 2013, 03:41:17 PM
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Can anyone tell me how safe this LTC wallet is? Right now I just have them on BTCe, but they are getting pretty valuable, and I'd like to find a safer place to keep them.

http://wallet.coinpool.net/

Thanks in advance for any input!

If you want to keep them somewhere safe, download the official litecoin client, send the coins to your client's wallet, dumpprivkey, print out the privkey on a piece of paper, destroy the client/wallet from your pc and when you're ready to redeem, re-install the client, importprivkey and spend away...

100% agree.

With an online wallet , you are trusting somebody with the private key to the account that holds your coins.

I am not saying that online wallet operators are scam artists, most of them have a good reputation here, and through interacting with them seem to be decent people. Remember the secondary risk of an online wallet getting hacked is much greater (higher value target) then your home pc.

c4n10 is correct about paper wallets, but even keeping your wallet locally with a long/complex enough password for wallet encryption can make it virtually impossible to steal. Something like a  random 64 digit hex key would make brute force almost impossible.

One can also "cold store"  a wallet file and use an encryption program like truecrypt to really lock it down.

I would say use an online wallet only for the amount of coins you might want to spend immediately, and store the rest.

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April 02, 2013, 04:19:52 PM
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I run the instawallet Terrawallet.com and I'm considering setting up a LTC version.

The truth is, having your coins in Cold Storage is great- its perfect security. But it sucks pretty hard-core if you want to send some coins and you're away from your computer or litecoin software. You should figure out how much you are willing to lose and only keep that on the instawallet. Just pocket change.

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April 09, 2013, 06:24:01 AM
 #6

how to contact the admin of http://wallet.coinpool.net/?  It won't let me transfer my 0.55 LCT.

I got this message:
Quote
Not enough funds in your account, Remember some transactions requires a 0.1 minimum fee, if you are SURE you have enough money, please contact an admin
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