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Author Topic: Btcfaucet.com wallet closure  (Read 950 times)
alibaba teapot
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April 22, 2013, 08:33:13 PM
 #1

Originally posted in the newbie forum


I have a wallet at btcfaucet.com, logged in today to see the following message

"BTCfaucet is under a transition. The wallet service will be ceased indefinitely. Instead, the faucet will have drips of bitcoins every now and then with public txid's. This could take a few days. Thanks for your patience!"

I have emailed them but haven't heard back yet. I use this wallet for collecting my freebies from the various sites, and have built up some decent balances on some, and am now a bit concerned. Some sites don't let you change your payment address you see. Anyone have any knowledge or advice of what to do here? I would like to keep an online wallet so any recommendations on a new one? I liked this one as it was simple and clean. Is there anyway I can keep my bitcoin address but transfer where the wallet is kept?

Thanks for any help or advice.
According to NIST and ECRYPT II, the cryptographic algorithms used in Bitcoin are expected to be strong until at least 2030. (After that, it will not be too difficult to transition to different algorithms.)
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April 23, 2013, 05:25:43 AM
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You might have lost your coins. Don't use web wallets. Use a hybrid or downloadable one like Blockchain.info (recommended) or bitcoin-qt

alibaba teapot
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April 23, 2013, 06:37:57 PM
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Update.

Have spoken by email and have had my coins transfered to my new wallet. Everything is good.
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