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Author Topic: Are Online Wallets safe ?  (Read 3688 times)
icecube45
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January 12, 2017, 07:18:15 AM
 #41

Save bitcoin in the wallet online does have a high risk of getting hacked, and at the desktop wallet also have the risk of getting the virus so the potential loss is also great. All wallet has a high risk that indeed we should be more careful if you want to save bitcoin in wallet. But honestly I prefer to use the online wallet, because now online wallet has already excellent security. So bitcoin security that we save can be maintained and secure. Save bitcoin in wallet online or wallet desktop actual depends on each person, and if we can be careful to use it surely will remain safe.
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January 13, 2017, 01:39:45 AM
 #42

They can be save but its on your own hands how you protect them and on what kind of online wallet of course.
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January 16, 2017, 09:36:07 AM
 #43

They can be save but its on your own hands how you protect them and on what kind of online wallet of course.
Not all web wallets are safe or  provide the same security as blockchain.info which give you access to your private keys but the responsibility lies on us to use strong passwords to prevent unauthorized access.
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January 18, 2017, 03:39:10 PM
Last edit: January 18, 2017, 06:45:51 PM by mrjoy15
 #44

Most of exchanges and online wallets always suffered from security problem like hacking and so more issue.I believe that blockchain.info is safest online wallet right now though.Mainly it depends owner choice what kind of wallet he need.If you are storing Bitcoin safely, then could be your best choice to use Hardware wallets that definitely for keeping your bitcoins safe.
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January 18, 2017, 03:50:25 PM
 #45

using Xapo from years now and never had a single problem on it....but of course security depends by huiman factors first...keep your wallet (any) safe and yur funds are secure Wink
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January 18, 2017, 06:40:57 PM
 #46

Hi
is it a good idea to store bitcoins in popular online wallets like blockchain.info or coinbase
can these wallets get hacked one day ?

If its just a small amount then the answer is Yes . I think that blockchain and coinbase security is secured but we don't know if it will last long so an offline wallet with private keys are still recommended .

What do you mean? Your wallet can be hacked but it will be difficult . Never hacked any bitcoin wallets before so I don't know how long it will take to hacked one . If you mean the other thing which the whole system of coinbase . Many have tried but did not success and I doubt it will be hacked in just one day .

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January 18, 2017, 06:47:34 PM
Last edit: January 18, 2017, 09:05:35 PM by swogerino
 #47

I'd have to say they are not so safe. Not as safe as having your bitcoins stored on a hardware wallet in terms of accessibility by only yourself and no one else gaining that access.
Once you lose some bitcoins having them stored this way then you will come to realize the security concerns people keep telling others about when it comes to using online wallets where they store the majority of their bitcoins.

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January 20, 2017, 12:34:23 PM
 #48

the best online wallet and safe
if support and open service use private key
and founder and dev online wallet is never save private key user/client in server
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January 20, 2017, 05:16:38 PM
 #49

Probably best pick is the Blockchain official wallet, have ots of options to securize wallet and funds!
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January 28, 2017, 02:38:21 PM
 #50

Probably best pick is the Blockchain official wallet, have ots of options to securize wallet and funds!
I think all the online wallets are starting to get more advanced in terms of security so not just blockchain is the best option for storing bitcoin all the other online wallet are safe, the only thing that matters is the transaction confirmation time and the fees that they take, if you want to store your bitcoin store them online rather than offline because it is safer.
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January 29, 2017, 10:11:23 AM
 #51

the best online wallet and safe
if support and open service use private key
and founder and dev online wallet is never save private key user/client in server
Even if they let you hold your private keys, your bitcoin is being kept by the third party and nothing can ensure that they will not steal your money in the future. And because they are online wallets, they can be hacked anytime, anywhere and I can ensure with you that the online security can never as strong as offline sercurity





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January 29, 2017, 01:53:54 PM
 #52

the best online wallet and safe
if support and open service use private key
and founder and dev online wallet is never save private key user/client in server
Even if they let you hold your private keys, your bitcoin is being kept by the third party and nothing can ensure that they will not steal your money in the future. And because they are online wallets, they can be hacked anytime, anywhere and I can ensure with you that the online security can never as strong as offline sercurity
Yes, you are absolutely right, there is a lot of risk if we save bitcoin on online wallet. As you say that if we save bitcoin on online wallet is the same in entrusting to third parties, so that any time there is a potential scam. And can also be exposed hacked at any time, so the risk is greater. But save on wallet offline there is also a potential risk of virus. All do have risks and we must be able to maintain it properly because bitcoin including valuable asset. Maybe it's better not to save bitcoin just in one wallet, but in some wallet both online and offline.
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January 29, 2017, 03:48:19 PM
 #53

the best online wallet and safe
if support and open service use private key
and founder and dev online wallet is never save private key user/client in server
Even if they let you hold your private keys, your bitcoin is being kept by the third party and nothing can ensure that they will not steal your money in the future. And because they are online wallets, they can be hacked anytime, anywhere and I can ensure with you that the online security can never as strong as offline sercurity
Yes, you are absolutely right, there is a lot of risk if we save bitcoin on online wallet. As you say that if we save bitcoin on online wallet is the same in entrusting to third parties, so that any time there is a potential scam. And can also be exposed hacked at any time, so the risk is greater. But save on wallet offline there is also a potential risk of virus. All do have risks and we must be able to maintain it properly because bitcoin including valuable asset. Maybe it's better not to save bitcoin just in one wallet, but in some wallet both online and offline.
In any wallet either on online or offline wallet do really have some risk involved on losing out your bitcoin that's why we should really take precautionary measures for it to be avoided but comparing between the risk of the two,i could really say that online wallets do really have the more risk because you cant get the private key of your wallet which means incase it is being hacked then those coins are gone.

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January 30, 2017, 09:47:16 AM
 #54

the best online wallet and safe
if support and open service use private key
and founder and dev online wallet is never save private key user/client in server
Even if they let you hold your private keys, your bitcoin is being kept by the third party and nothing can ensure that they will not steal your money in the future. And because they are online wallets, they can be hacked anytime, anywhere and I can ensure with you that the online security can never as strong as offline sercurity
Yes, you are absolutely right, there is a lot of risk if we save bitcoin on online wallet. As you say that if we save bitcoin on online wallet is the same in entrusting to third parties, so that any time there is a potential scam. And can also be exposed hacked at any time, so the risk is greater. But save on wallet offline there is also a potential risk of virus. All do have risks and we must be able to maintain it properly because bitcoin including valuable asset. Maybe it's better not to save bitcoin just in one wallet, but in some wallet both online and offline.
In any wallet either on online or offline wallet do really have some risk involved on losing out your bitcoin that's why we should really take precautionary measures for it to be avoided but comparing between the risk of the two,i could really say that online wallets do really have the more risk because you cant get the private key of your wallet which means incase it is being hacked then those coins are gone.
Yes you are right, the online wallet is very risky because we save bitcoin to third parties. But if the save on one of the online wallet that really can be trusted and have a good security technology I guess it was not a problem. Save bitcoin in offline wallet as well there is a potential loss of bitcoin if the devices we use problematic. It all depends on each person would rather save bitcoin in the online or offline wallet. The most important thing we have to care for and maintain because there are both lost potential, so must be careful to consider the risks.
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January 30, 2017, 12:45:14 PM
 #55

Most of exchanges and online wallets always suffered from security problem like hacking and so more issue.I believe that blockchain.info is safest online wallet right now though.Mainly it depends owner choice what kind of wallet he need.If you are storing Bitcoin safely, then could be your best choice to use Hardware wallets that definitely for keeping your bitcoins safe.

And that's why all of the online wallets are prone into something bad that we are not expecting. It is better to accept the fact that they have good security but those intruders are going to do something in their full knowledge to penetrate an exchange / online wallet provider. It is secure if you are going to have your very own desktop wallet.

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January 30, 2017, 12:45:54 PM
 #56

Simply NO, always save your coins in local wallet.
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January 30, 2017, 02:07:31 PM
 #57

No one can guarantee that any wallet safe. I say that all there is an opportunity to steal. The safest thing is only one that is you can always control 24 hours 7 days a week. For better save you bitcoin to multiple wallet, so that if one of your wallet is stolen there are still others.
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January 30, 2017, 04:17:44 PM
 #58

the best online wallet and safe
if support and open service use private key
and founder and dev online wallet is never save private key user/client in server
Even if they let you hold your private keys, your bitcoin is being kept by the third party and nothing can ensure that they will not steal your money in the future. And because they are online wallets, they can be hacked anytime, anywhere and I can ensure with you that the online security can never as strong as offline sercurity
Yes, you are absolutely right, there is a lot of risk if we save bitcoin on online wallet. As you say that if we save bitcoin on online wallet is the same in entrusting to third parties, so that any time there is a potential scam. And can also be exposed hacked at any time, so the risk is greater. But save on wallet offline there is also a potential risk of virus. All do have risks and we must be able to maintain it properly because bitcoin including valuable asset. Maybe it's better not to save bitcoin just in one wallet, but in some wallet both online and offline.
In any wallet either on online or offline wallet do really have some risk involved on losing out your bitcoin that's why we should really take precautionary measures for it to be avoided but comparing between the risk of the two,i could really say that online wallets do really have the more risk because you cant get the private key of your wallet which means incase it is being hacked then those coins are gone.
Yes you are right, the online wallet is very risky because we save bitcoin to third parties. But if the save on one of the online wallet that really can be trusted and have a good security technology I guess it was not a problem. Save bitcoin in offline wallet as well there is a potential loss of bitcoin if the devices we use problematic. It all depends on each person would rather save bitcoin in the online or offline wallet. The most important thing we have to care for and maintain because there are both lost potential, so must be careful to consider the risks.
that is why we should really be responsible regarding on the security of our wallet and we should think to set up the needed security so that it will not be easily stolen by someone.Im using blockchain when it comes to online wallet because i can really say that they are secure for now and also you can already get the private keys on your wallet.

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February 03, 2017, 01:41:05 PM
 #59

I think web wallets are not safe, because we always depends on to the provider of the web wallet, if they are exposed to hack, then all we're bitcoin missing, better use offline wallet or from android.
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February 03, 2017, 03:18:55 PM
 #60

Simply NO, always save your coins in local wallet.

Of course local wallet are more safe then webwallet, but there's no way to access your funds when you are out of home
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