Online wallet, or computer wallet?

[scab]

Hello guys, just wondering what the preferred Bitcoin storing method is around here, should I keep them in a online wallet like blockchain.info or keep them on my computer. And should I have it encrypted or put a password on it?

[Theraty]

Try https://blockchain.info/. Online, secure and able to store backups on computer or printed page but your probably best store in multiple locations.

[BTCoder]

Yeah, I use blockchain also.

[scab]

I have decided to use a computer wallet, is it over precautionary to set up a password and encrypt or is it safe enough?

[Anon136]

Hello guys, just wondering what the preferred Bitcoin storing method is around here, should I keep them in a online wallet like blockchain.info or keep them on my computer. And should I have it encrypted or put a password on it?

neither imo. i use paper wallets.

[scab]

Hello guys, just wondering what the preferred Bitcoin storing method is around here, should I keep them in a online wallet like blockchain.info or keep them on my computer. And should I have it encrypted or put a password on it?

neither imo. i use paper wallets.

How do you encrypt it?

[BTCoder]

Blockchain allows you to view balance anytime from anywhere, and its quite safe enough for my needs.

[Anon136]

Hello guys, just wondering what the preferred Bitcoin storing method is around here, should I keep them in a online wallet like blockchain.info or keep them on my computer. And should I have it encrypted or put a password on it?

neither imo. i use paper wallets.

How do you encrypt it?

Not encrypted. I just keep them in my safe.

[redlight]

Blockchain allows you to view balance anytime from anywhere, and its quite safe enough for my needs.

Naw man, you never know if blockchain could scam you paper wallet FTW

[Anon136]

Blockchain allows you to view balance anytime from anywhere, and its quite safe enough for my needs.

Naw man, you never know if blockchain could scam you paper wallet FTW

blockchain never has access to your private keys so they couldn't steal your coins even if they wanted too.

[timmybray]

Online wallet

[RodeoX]

Mix it up. Online wallet for your coinpurse, paper wallet for your bank account.

[timmybray]

Computer wallet can get lost

[Galahad]

I'm a newbie obviously but my rationale was: A PC can suffer from being stolen, fire damage, hdd crash, water damage etc and unless you've backed it up on paper or elsewhere surely you've had it? That's why I'm not keen on the Android-only wallets, what if the phone gets stolen? But I must be missing something or no one would use them.

So I use a web wallet plus paper. Blockchain have backups, cloud-based etc, so it's unlikely to suffer those issues above. But use a different username to here otherwise you could get hacked into, even with two-factor authentication.

[Theraty]

I'm a newbie obviously but my rationale was: A PC can suffer from being stolen, fire damage, hdd crash, water damage etc and unless you've backed it up on paper or elsewhere surely you've had it? That's why I'm not keen on the Android-only wallets, what if the phone gets stolen? But I must be missing something or no one would use them.

So I use a web wallet plus paper. Blockchain have backups, cloud-based etc, so it's unlikely to suffer those issues above. But use a different username to here otherwise you could get hacked into, even with two-factor authentication.

Good choice. "Don't put all your eggs in the one basket. Put cloned eggs in multiple baskets."

[Banco di Napoli]

I do not trust services where I could store my wallet in the "cloud" / online / call it whatever you like.
I prefer a simple setup which requires some USB sticks and TrueCrypt.

[Pmalek]

I am in for online wallet and 2 way authenticator, think its pretty safe that way...

[BTCoder]

So no one uses the good old Bitcoin QT wallet anymore huh?

[Banco di Napoli]

So no one uses the good old Bitcoin QT wallet anymore huh?

I do, which I also put in encrypted TrueCrypt containers.

[Tiru]

I'm using Blockchain and Computer