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Author Topic: Why would you prefer another online wallet then Blockchain.info?  (Read 931 times)
trigger1975
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December 29, 2016, 10:33:14 PM
 #21

As the title says, i am interested to know why you guys use other online wallets then blockchain.info, and the reasons for it.. Are wallets like electrum safer, or is there something you can do with them you can't do with the blockchain.info one? To me it just seems that these are more complicated and with more fees and unnecessary stuff..

What do you mean by "online"?  A wallet that connects to the internet or a online wallet service like blockchain.info/xapo/etc.?  I'm using Electrum wallet for the most of my coins.  Then I have a small deposit in my JoinMarket HD wallet to participate the JoinMarket coin join.  And last but not least I have some coins stored in a paper wallet (cold storage).  Except the paper wallet all of these are online but not a online service.

I do only trust some online services like blockchain for minor amounts of coins.  And blockchain has for me way to high fees.

//alex
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December 29, 2016, 11:59:22 PM
 #22

As the title says, i am interested to know why you guys use other online wallets then blockchain.info, and the reasons for it.. Are wallets like electrum safer, or is there something you can do with them you can't do with the blockchain.info one? To me it just seems that these are more complicated and with more fees and unnecessary stuff..
I use Electrum and Mycelium for my main funds. I also have some small amounts on my Coinbase and Blockchain.info wallets.
Although, I don't really use blockchain.info much because I find it hard to use ever since their update.

So, Electrum and Mycelium because it's safer and I get full control of my funds. It also has more features than blockchain.info.
Then some bits for coinbase because it's free. Oh, I also sometimes use cryptonator wallet for when I need a quick exchange.

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December 30, 2016, 12:23:19 AM
 #23

As the title says, i am interested to know why you guys use other online wallets then blockchain.info, and the reasons for it.. Are wallets like electrum safer, or is there something you can do with them you can't do with the blockchain.info one? To me it just seems that these are more complicated and with more fees and unnecessary stuff..

Web exchanges have different features and services which blockchain.info doesn't have. Take example of our local exchanger, there are lots of services offered to use our bitcoins there. Converting it to fiat is just a piece of candy, Coinbase does that also to their listed support country, XAPO has a virtual credit card and so on.

People are using different online wallet because of the service they want and for security it's not best to put all your balls in one container.

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December 30, 2016, 03:05:09 AM
 #24

---
The idea behind online bitcoin wallets is not to provide extra powerful wallet with all features combined (multisigs, signing messages, advanced recovery options, keys backups etc.)
- most online walled won't offer you that. Online wallets are here rather to provide entry level of wallet service available for masses.
If you are Bitcoin newbie or simple enthusiast do you really need any feature beside sending, receiving bitcoins? I doubt it. Simplicity is the name of the game here.
Electrum, Multibit HD other small SPV wallets are great, but won't offer you accessibility from every possible device as easily as online wallets.
There is that. I'm not gonna argue that point since I have previously experienced difficulties due to that.

I was away from my main computer(ie. my electrum wallet), so I had no way to access my funds. *sigh
Gave me quite a hard time.
And so, in addition to electrum, I have learned to use mycelium for mobility.  Grin

...

Thank you, Hazir.  My blockchain.info is an older pre-HD one, I was able to import my (Opendime) private key.  

But, I now have another blockchain.info wallet that is HD.  I have not tried to import a private key yet, but I read elsewhere here that the HD wallets do not allow importing a PK.

Meaning, I suppose, that my "old wallet" is worth more (to me).
I didn't realize there were still pre-HD blockchain.info wallets? I thought everything was forcefully updated?
For a long time you could opt to not use new HD updated version of blockchain.info, however you were reminded about it during every log in.
After month or so of constant nagging I  gave up and switched to new functionality, but my pre-HD addresses I created were there, so maybe this is pre-HD functionality OROBTC is taking about.


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December 30, 2016, 11:21:03 AM
 #25

another blokchian in online wallet
iam choose
1 xapo, because support debitcard service and sending without fee
2 coinbase anothe online wallet service , open exchanger too
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December 30, 2016, 11:54:08 PM
 #26

If i will prefer another online wallet for bitcoins rather than blockchain.info then I will suggest for xapo because in xapo we do not pay any fees of transaction. That is the only feature due to which xapo is better than other online bitcoin wallets.
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December 31, 2016, 04:57:07 AM
Last edit: December 31, 2016, 05:26:06 AM by Kevin77
 #27

If i will prefer another online wallet for bitcoins rather than blockchain.info then I will suggest for xapo because in xapo we do not pay any fees of transaction. That is the only feature due to which xapo is better than other online bitcoin wallets.
Combination best features of these wallets are not yet available in any services, I guess.

I prefer to have another web wallet services with zero tx fees and letting us access to private key. Xapo is missing signing message feature. But Xapo has email based xapo to xapo transacting capability which is not possible with blockchain.info
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December 31, 2016, 05:05:24 AM
 #28

The reason is clear  . Since blockchain is official wallet of Bitcoin and have best security features but the new beta version is not satisfactory for most Bitcoiner because the new address at which we receive the Bitcoin will be temporary , after receive single payment it is about dead , And after this it will generate new address .
But most of use in this campaign recieving Bitcoin at single adress , so blockchain will not prove best for us .

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December 31, 2016, 05:32:19 AM
 #29

The reason is clear  . Since blockchain is official wallet of Bitcoin and have best security features but the new beta version is not satisfactory for most Bitcoiner because the new address at which we receive the Bitcoin will be temporary , after receive single payment it is about dead , And after this it will generate new address .
But most of use in this campaign recieving Bitcoin at single adress , so blockchain will not prove best for us .
Official ? What is the need of having a similar to that one in a decentralized environment ?
It must be a one of the misinterpretation of basics of bitcoin system. (even many times, many experts had cleared about these rumors still people refuse to learn facts).

Blockchin.info is just another services run by one of us. They do not have any privileged access to blockchain nor any bitcoin address.

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December 31, 2016, 04:04:29 PM
 #30

As the title says, i am interested to know why you guys use other online wallets then blockchain.info, and the reasons for it.. Are wallets like electrum safer, or is there something you can do with them you can't do with the blockchain.info one? To me it just seems that these are more complicated and with more fees and unnecessary stuff..

I use a lot of wallets just to beware of any disgrace. If there's anything I've learned: never leave all the eggs in the same basket.

About blockchain.info, I like this wallet, easy to use and makes it easier for me to transfer small amounts, but lately I have paid very high fees. Days ago I paid $3 fee.


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tiggytomb
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December 31, 2016, 05:03:29 PM
 #31

I suppose it comes down to personal preference, some wallets have a better UI than others and some have functions that others do not.

There is no harm in using multiple online wallets, Circle was decent until they stopped their buying and selling ability, Coinbase is okay but have restrictions all over the place.

Best thing really is to have your own wallet but if you must use online web wallets then  using a few is the safer option just in case.
BoXXoB
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January 02, 2017, 01:23:38 AM
 #32

Electrum, Multibit HD other small SPV wallets are great, but won't offer you accessibility from every possible device as easily as online wallets.

Jaxx.io is a wallet worth looking at. It supports quite a few platforms and imo works as promised.

Anybody else have an opinion on thism

When using blockchain.info or any other web wallets you're trusting them to keep your coins for you.  It doesn't matter if they say they don't share unencrypted private keys to their server because that can change anytime they wish to change it.  You're also relying on them to keep their website accessible to you whenever you need to use your coins and fix some problems that can be fixed by yourself if you fully control the wallet.

You can't view the private keys of or sign a message with a non-imported addresses with blockchain.info (I'm not sure if that's changed) and it doesn't use any less fee than any other wallet.  Fees can be set manually if you wish to, btw.

In short, yes, wallets like electrum which is pretty much the opposite of what I said above (except the fees part) are more secure.

Edit:
Quote
To me it just seems that these are more complicated and with more fees and unnecessary stuff..

They're not that complicated.  I've used a lot of wallets including blockchain.info and they're pretty much the same only with added or removed features.
If you think any of the features are unnecessary then simply don't use them, that shouldn't stop you if you want a more secure wallet.

You can't really say every web wallet is the same. Even though BitGo has faced some problems it's still a web wallet that offers something different compared to most web wallets. They offer a certain kind of control which most web wallets don't.

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TheButterZone
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May 24, 2017, 09:24:26 PM
 #33

Is there another online wallet, that would create unsigned TX for you to sign offline, then take back & broadcast the signed TX?

Blockchain.info doesn't generate it offline, it generates it in-browser. A virus can scrape it from RAM easily.

I was talking about an online wallet comparable to Electrum, which OP mentioned, that would database the inputs for addresses (that you control the private keys to that have only ever been on an airgapped computer), build an unsigned TX from them, which you would copy over to the airgapped computer, verify, sign, then copy and paste the signed TX & push on the online wallet.

Saying that you don't trust someone because of their behavior is completely valid.
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