South Park
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May 28, 2017, 05:28:10 PM |
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I’m quite surprised that most people vote for a web wallet, if they were using the wallet of an exchange I could understand that, but a web wallet? To me this seems very odd, installing a lightweight client like Electrum is very easy and you have the security that no one else has access to your bitcoins, if you want the advantage of carrying your bitcoin everywhere you could install a lightweight wallet on your mobile phone and get done with it.
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mrjoy15
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May 28, 2017, 05:37:36 PM |
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I'm using web wallets for making transactions/investing my money in bitcoin, and also for storing the profit I got in making profit online.
Since I earn my first bitcoin, I am using web wallets. The web wallet I am using has also android application which is pretty efficient for me because I can convert my bitcoins to fiat and withdraw it in any banks any time, anywhere, as long as there are internet. Web wallets or online wallets are good for the newbies or for the small amount of bitcoin that is needed for usage every day or being a hot wallet. If you already gaining some good or big amounts of bitcoin then i think it is better to have desktop wallet and just use your web wallet for converting from bitcoin to fiat. I think web wallets are for persons that is using bitcoins for everyday transactions because with these as said by @Janation, is efficient whenever and wherever you needed your bitcoins to be converted or such. But I think earning from signature campaigns is not that big so I think it is good to have a web wallet. Its true and I have agreed that so far it will good until a big amount of Bitcoin were hold on your web wallet. Web wallets must be recommended to use for the newbies or beginner. But something like Electrum or others surely suggest for safety and good purpose.
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artows21
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May 28, 2017, 07:19:18 PM |
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I don't have that many bitcoin to invest in hardware wallet. I am also tired of constantly dowloading more blocks while using full validation wallet. I chose Electrum as my primary wallet, with blockchain as big as 100GB only SPV wallets offer good mix of security and comfort. I tried to use blockchain.info wallet too, but I got scared by lots of bugs discovered recently in that wallet.
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arpon11
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May 28, 2017, 08:23:32 PM |
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There is a thread about recomendations for the best wallet to use, but not all practice what they preach, so this poll is to see what people are actually using. I understand that some people use multiple wallets of different kinds, so this poll asks which wallet is most used, this can be measured either by quantity of bitcoin or ammount of transactions.
currently, I am using online wallet and I have never have any problems with them. Though am planning to have offline wallet for security purposes and safe guide my wallet through my phone or laptop. Am also currently using wallet generated from trading platform for the purpose of trading only.
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jhannlenr
Newbie
Offline
Activity: 53
Merit: 0
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May 29, 2017, 04:02:05 AM |
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I use multiple types of wallet, Light CPU "Electrum" Heavy CPU "Core" as well as 2 online wallets btc.com and blockchain.info... Of course I don't keep allot of coins in the online wallets but the convince is higher particularly through mobile and in sending receiving instantly.
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GXHPP
Member
Offline
Activity: 77
Merit: 10
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May 29, 2017, 04:59:38 AM |
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Personally have been using the Electrum wallet for the past one year and i have not found a single issue in using it. No synchronizing issue or the verry long blockchain like core. its a very much secured wallet. A seed is generated for password when we register. That seed can be used to recover our wallet and hence even additional methods of security.
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ViceOfBTC21
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May 29, 2017, 07:23:20 AM |
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I'm using web wallet to store up to $20 of BTC that I need to spend everywhere where is computer. Mobile wallet to store up to $300 and on laptop up to $600. Rest is in hardware wallets and paper wallets.
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dokinna
Newbie
Offline
Activity: 25
Merit: 0
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May 29, 2017, 07:30:59 AM |
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For the most part I utilize web wallet, it's the most helpful to me. Here and there I likewise utilize versatile wallet, just not to keep every one of my coins at one place. I likewise attempt to be precausious as much as I can and secure my bitcoins. Be that as it may, I don't have much coins, so I'm not extremely stressed over them.
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DoublerHunter
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May 29, 2017, 08:02:19 AM |
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I use web wallet. It is available all times and everywhere.
That is the pros of a web wallet because of ease to access your account from them but if you will talk about cons or the disadvantage of that then it is very risky wallet to store a low of bitcoins because a lot of people now are storing bitcoins online and its attracting the hackers or criminals online to have a interest for bypassing any kind of online sites and that is a threat for your money.
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cotton ball
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May 29, 2017, 09:52:23 AM |
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I use web wallet. It is available all times and everywhere.
That is the pros of a web wallet because of ease to access your account from them but if you will talk about cons or the disadvantage of that then it is very risky wallet to store a low of bitcoins because a lot of people now are storing bitcoins online and its attracting the hackers or criminals online to have a interest for bypassing any kind of online sites and that is a threat for your money. If only for fast transactions, web or exchanges wallet is the best, but if for a large amount of security should use a cold wallet and complete with a private key that's backed up more than once, would be more perfect if all the wallet is given double security like 2fa.
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pealr12
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May 29, 2017, 11:35:06 AM |
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I use mobile wallet so that i can carry and use it no matter where i go. I choose mobile wallet to be updated on the current price of bitcoin, when its time to convert into fiat, and by selling and buying bitcoin.
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Gumpfire
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May 29, 2017, 11:44:25 AM |
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I'm using both hardware wallet and web wallet for pupose. I used hardware wallet for storing my bitcoin. This saving is for long term and I'll just withdraw it if my web wallet get empty. For my web wallet, I'm using it for trading and making transactions. This is the most convinient as I can use it through my computer and smartphone.
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Anarchist
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May 29, 2017, 01:37:40 PM |
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I'm using both hardware wallet and web wallet for pupose. I used hardware wallet for storing my bitcoin. This saving is for long term and I'll just withdraw it if my web wallet get empty. For my web wallet, I'm using it for trading and making transactions. This is the most convinient as I can use it through my computer and smartphone.
I always had this question in mind... I am not familiar with hardware wallet, and wonder the potential percentage risk to see the hardware failing/crashing Or for exemple if you compare with a USB stick, they are limited with Writting (I don't think reading). Is there something like this ? Not sure if I am clear enough lol, but I hope you get it
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northstarh
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May 29, 2017, 01:39:44 PM |
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I'm using both hardware wallet and web wallet for pupose. I used hardware wallet for storing my bitcoin. This saving is for long term and I'll just withdraw it if my web wallet get empty. For my web wallet, I'm using it for trading and making transactions. This is the most convinient as I can use it through my computer and smartphone.
A reasonable arrangement to stabilize everything, you are a neat guy, I really like that.
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orarider
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May 29, 2017, 01:48:44 PM |
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I'm using both hardware wallet and web wallet for pupose. I used hardware wallet for storing my bitcoin. This saving is for long term and I'll just withdraw it if my web wallet get empty. For my web wallet, I'm using it for trading and making transactions. This is the most convinient as I can use it through my computer and smartphone.
A reasonable arrangement to stabilize everything, you are a neat guy, I really like that. I think neat people are always doing their job well. But if you are a businessman, I do not think you need a lot of wallets.
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MMysterious
Sr. Member
Offline
Activity: 972
Merit: 255
Bear season or just the beginning
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May 29, 2017, 01:57:41 PM |
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Currently I am using a web wallet, just heard of hard wallets like Trezor and Ledger and I am also thinking of getting one myself.
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SamsungBitcoin
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May 29, 2017, 02:09:41 PM |
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I'm using both hardware wallet and web wallet for pupose. I used hardware wallet for storing my bitcoin. This saving is for long term and I'll just withdraw it if my web wallet get empty. For my web wallet, I'm using it for trading and making transactions. This is the most convinient as I can use it through my computer and smartphone.
A reasonable arrangement to stabilize everything, you are a neat guy, I really like that. I think neat people are always doing their job well. But if you are a businessman, I do not think you need a lot of wallets. Agree with you business man only need 1 bitcoin wallet fir receiving their income. But me i used multiple bitcoin wallet for receiving purposes because my local bitcoin wallet are very strict they do not want to received bitcoin from gambling that is why i used other wallet to received my income in gambling.
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tartaras
Newbie
Offline
Activity: 12
Merit: 0
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May 29, 2017, 02:19:18 PM |
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you ought to made this survey into a multi decision one in light of the fact that as a bitcoin hodler and client in the meantime we require different sorts of wallets in the meantime. for instance a paper wallet as icy stockpiling to hodl bitcoin and afterward a hot wallet on desktop or in the event that you like on telephone to spend bitcoin.
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reflector
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May 30, 2017, 12:41:34 AM |
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Web wallets such as Blockchain and Coinbase has been increased the minimum transaction fees. Now, I am using electrum and multibit desktop wallet, which is more convenient to me. I think you are speaking about bitpremier site to buy the car with bitcoin. That you can do with any wallet.
What I mean is, you may be careless with your bitcoins now because you think you only have a small amount -- the justification to use a web wallet. I'm saying, in the not so distant future, that small amount could be a small fortune. And it will be a regret if you lost it. And it's easy to prevent that regret now. Where did I mentioned or suggest to use a web wallet only. I just said, fees has been increased in high range as like that way price is also increased in the chart. You have to offered 1.50 to 2 USD for a transaction. Even I said this is ridiculous from the wallet providers.
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The_Dark_Knight
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May 30, 2017, 01:40:06 AM |
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I use web wallet it is safer than the other wallet but its up to you
The Safest wallet is hardware wallet with full sync client. but web wallet is more easier to use. I don't think so. It's still dangerous if hackers hacked your computes where in yiu can not recover it if your computer is being reformat. Web wallet is safest for me as 2fa authenticator is available. Do you even know what it is a hardware wallet? Hardware wallets were designed in a way that even if you were to connect your hardware wallet to a compromise device your coins will still be secure, the most secure of all wallets are hardware wallets, web wallets are the most unsafe of all, but web wallets are very easy to use and don’t require any investment.
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