sarojan9980
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Activity: 118
Merit: 10
My Identity Coin
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September 26, 2017, 02:23:09 AM |
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I think offline wallet is better for large amount for an investment purposes only keep in online that's better
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"You Asked For Change, We Gave You Coins" -- casascius
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ZoodX
Newbie
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Activity: 29
Merit: 0
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September 26, 2017, 02:23:38 AM |
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Trezor paired with My Eth Wallet FTW
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stephanirain
Sr. Member
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Activity: 756
Merit: 257
Freshdice.com
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September 26, 2017, 02:40:45 AM |
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Which of the Bitcoin wallets between the Online and Offline works best?
In my own personal opinion, the bitcoin wallets works best is the online wallet rather than offline wallets because oline wallets are much safer to store and more convenient to use than offline wallets even you store a large amount of bitcoins, your bitcoins has a less chance to steal. |
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DainSLane
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September 26, 2017, 03:59:19 AM |
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I think offline wallet is better for large amount for an investment purposes only keep in online that's better
it depends on the amount of bitcoin that he is holding because online wallet is good too and it can use easily because you can send and receive anytime anywhere you want and it is safe too, but as i said if you have a large amount of bitcoin go for offline wallets so you can make sure that your bitcoin is safe. |
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Lumada
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September 26, 2017, 04:04:26 AM |
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I think offline wallet is better for large amount for an investment purposes only keep in online that's better
it depends on the amount of bitcoin that he is holding because online wallet is good too and it can use easily because you can send and receive anytime anywhere you want and it is safe too, but as i said if you have a large amount of bitcoin go for offline wallets so you can make sure that your bitcoin is safe. I will prefer offline wallets,they can also used online when connected in internet what makes it uniqye is when there's poor signal or even none you can access ot . And it's much safer I think. |
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Misshi
Full Member
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Activity: 247
Merit: 100
Decentralized Continuous Audit&Reporting Protocol
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September 26, 2017, 04:48:33 AM |
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Which of the Bitcoin wallets between the Online and Offline works best?
Only you is responsible for your coin. Their security is one of your concern. Actually no method is entirely free from threat. Storing your coins offline reduces the chances of losing your investment in some cybercriminal operations. The best solution is diversification. Keep a portion of your coins offline and have lots of backups. Keep the other portion online for your quick transactions. Having said that, make sure that most of your money is in cold storage. |
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mikki14
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September 26, 2017, 08:43:54 AM |
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Offline wallet is the best storage for large amounts of BTC because it is more secured. Online wallet is fine as long as you have your private keys, but you still shouldn't store a whole BTC there. Just put some amount that you think you will need.
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traderethereum
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September 26, 2017, 08:47:03 AM |
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Offline wallet is the best storage for large amounts of BTC because it is more secured. Online wallet is fine as long as you have your private keys, but you still shouldn't store a whole BTC there. Just put some amount that you think you will need.
offline wallet still the best for me to safe large amount because its not always connected to the internet as we know internet is not always secure too. for online wallet, i think only blockchain that will be the best wallet for us. don't safe large amount in the exchanges because we don't know they are really safe or not and its better if we can prevent to secure our bitcoin. |
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DaftAjax
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September 26, 2017, 06:31:19 PM |
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online and offline wallets have the same advantages and disadvantages, but I usually keep my coin savings in online wallets because I think it's safer.
Nope it is not mate. Then why did we even have separate names for it, if they do have the same advantages and disadvantages. I mean you its like you're saying that they just have the same concept and all. Online wallet is really more straightforward, as clear as it sounds, online wallets have real time operations and you could use it indefinitely. The only drawback in this is that it is more vulnerable than of Offline wallets. Offline wallets are prioritizing more of the security, to make your coins be safe for a long time. It is most likely its sole purpose to have maximum security, but you can not access or use it a Online wallets provides. |
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stepwilli
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September 29, 2017, 08:11:21 AM |
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Yeah offline for the security , but most people do offline because it is easy.
You mean online? I would say online is really much easy if you are really making active transactions which online wallet would be suited and i would really recommend electrum because you do have the possesion of your private keys which is more than better to use compared on exchange or any other web wallets. Both have their own importance offline is best for the holding coins for long tenure and online is best for the active account which buy and sell on daily basis briefly online wallet is more suitable for the active investor who is using bitcoin 24/7 whereas offline is best for the offline and long term investor who invest to secure good in the hard times. |
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the rise
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September 29, 2017, 08:21:31 AM |
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Yeah offline for the security , but most people do offline because it is easy.
You mean online? I would say online is really much easy if you are really making active transactions which online wallet would be suited and i would really recommend electrum because you do have the possesion of your private keys which is more than better to use compared on exchange or any other web wallets. Both have their own importance offline is best for the holding coins for long tenure and online is best for the active account which buy and sell on daily basis briefly online wallet is more suitable for the active investor who is using bitcoin 24/7 whereas offline is best for the offline and long term investor who invest to secure good in the hard times. Our personal assets should be stored in private key, offline/hardwallet is very important in this case, online swallow serves as a daily transaction and we should never rely on it 100% because to reduce the level of risk that may arise in the future, especially exchanges market wallet. We have to be open minded to organize everything in different portions. |
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TanyaDegurechaff
Full Member
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Activity: 182
Merit: 100
They say a thin line separates genius and madness.
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September 29, 2017, 08:38:37 AM |
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It depends on how you use it. I have three wallets on me right now. Desktop, web, and mobile wallets. I use my desktop wallet for storing btc for storing bitcoins for a period of three to four months and sell it to gain profit. As for web wallets I use them to transfer and convert btc into my local currency. As for mobile I use them to pay bills and reload my prepaid phone. But if you want to store btc and altcoins for long term investments I would recommend a Hardware wallet because it is the most secure. As for paper wallet you must check it first thoroughly or your money will be lost if you made a mistake.
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"Miracles are illusions caused by insufficient observation and understanding. They're just... glorious misunderstandings." |
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sarojan9980
Member
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Activity: 118
Merit: 10
My Identity Coin
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September 29, 2017, 10:36:34 AM |
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offline wallets are very useful when people will buying stuffs near to house. now in so many country's people don't know anything about online wallets. we are not able to buy all the stuffs from online wallet but offline wallet is not like that people can buy anywhere anything with offline wallet so offline wallet is better. online wallet is very useful when the money transaction happen and online investments and some stuffs also can buy..
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eternalgloom
Legendary
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Activity: 1792
Merit: 1283
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September 29, 2017, 10:42:48 AM |
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online and offline wallets have the same advantages and disadvantages, but I usually keep my coin savings in online wallets because I think it's safer.
I really hope that no new user reads this and thinks you're right... Lol, how could you possibly think that online wallets are safer? You don't even have access to your own private keys in most cases  The service could shut down and the owners can in some cases run away with your Bitcoins. This might be unlikely scenario's for services like Coinbase or blockchain.info, but there are other reasons you don't want to store your coins there. |
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Carmen01
Full Member
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Activity: 294
Merit: 101
Streamity Decentralized cryptocurrency exchange
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September 29, 2017, 10:46:26 AM |
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Offline wallets for long term but i think do save in both for most safety and also try to save in exchanger site because i think its more safe there this is base only in my experience here in bitcoin and im not sure about in exchanger but i do that because thats for me is safe than any wallets
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In the silence
Sr. Member
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Activity: 1289
Merit: 294
''Vincit qui se vincit''
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September 29, 2017, 11:11:13 AM |
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Which of the Bitcoin wallets between the Online and Offline works best?
when it comes to being handy and safety (long term) choose offline wallet. But, if you want to send money with no efforts putting your offline wallet try going with online wallets. Pros/cons with offline/online wallet is 1. You only have the access to your wallet if its offline 1.2 if your using online wallet you're not quite sure with your security. |
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Silberman
Legendary
Offline
Activity: 2506
Merit: 1334
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September 29, 2017, 10:49:03 PM |
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Which of the Bitcoin wallets between the Online and Offline works best?
when it comes to being handy and safety (long term) choose offline wallet. But, if you want to send money with no efforts putting your offline wallet try going with online wallets. Pros/cons with offline/online wallet is 1. You only have the access to your wallet if its offline 1.2 if your using online wallet you're not quite sure with your security. Correct you do not have to choose one or the other, keep most of your funds in an offline wallet and keep only a small amount in an online wallet that way you are going to get the best of both systems to store your money, you get the safety for most of your funds and you get flexibility and ease of use for a small amount of your money. |
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el kaka22
Legendary
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Activity: 3514
Merit: 1162
www.Crypto.Games: Multiple coins, multiple games
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September 30, 2017, 12:06:05 PM |
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Offline wallets for long term but i think do save in both for most safety and also try to save in exchanger site because i think its more safe there this is base only in my experience here in bitcoin and im not sure about in exchanger but i do that because thats for me is safe than any wallets
Putting your coins in any exchange is usually did for trading purpose. I won't suggest to simply add your coins in the exchange for long term profit as the rules for exchanges may change any time and our coins might not be safe their. If you want to earn some good income from the invested coins than you can use some online investment sites to invest your coins and have a good daily profit there. You will get a good daily interest rate there if you are storing your coins in an investment site. But also be aware about the ponzi schemes. |
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Rebisco
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September 30, 2017, 12:07:41 PM |
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Which of the Bitcoin wallets between the Online and Offline works best?
We all know that the offline wallets is more safe than online wallets but I think online wallets is more good for me because I can always monitor my bitcoin and its value whether the price is go down or up. |
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Titanos
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September 30, 2017, 02:54:41 PM |
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I recommend offline wallet if you are saving for long term. Online wallets are easy accessible and good for usually transactions and payments.
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