Online wallet

[newby1989Jona]

Yeah mate I went blockchain

I'm just scared in case it goes wrong and I loose it all. I think I may just start with £50 or would that be pointless. Would 300 be a better starting point

[shine1123]

What is best online wallet to store bitcoin? I know most will say online wallet is the least safe however as I am starting out with very little money I just want 1 which is secure and easy to use.

Any advice would be greatly appreciated. 

For online wallet, i prefer blockchain.info. This wallet is the best web/online wallet so far, 4 years using blockchain.info and never had an issue in this wallet. For dekstop wallet, i recommend electrum wallet. Easy to use and don't need to download all blocks which is takes a long time to do that.

[Pejoh Asu]

I use some web wallet services ie xapo, coinbase and blockchain. of all the web wallet, I think Xapo better because it requires us to verify the identity and must install the application on android to get 2FA. In terms of delivery cost, I think almost the same ie about 0.0007 - 0.0012 btc for high priotity.

[MAbtc]

I use some web wallet services ie xapo, coinbase and blockchain. of all the web wallet, I think Xapo better because it requires us to verify the identity and must install the application on android to get 2FA. In terms of delivery cost, I think almost the same ie about 0.0007 - 0.0012 btc for high priotity.

That's a bizarre reason to like Xapo. If you want to use their BTC/fiat exchange services, then sure, it makes sense to verify your identity. But if you just want a lite wallet, you should retain your privacy.

As far as fees, you can also pay much lower fees by using a desktop wallet like Electrum. During low congestion periods, you can pay <5 satoshis per byte and get confirmed in the next block. Even during times of moderate congestion, you can usually get confirmed within 10 blocks or so. It's never necessary to pay as high of fees as Xapo charges.

[Lanatsa]

I use some web wallet services ie xapo, coinbase and blockchain. of all the web wallet, I think Xapo better because it requires us to verify the identity and must install the application on android to get 2FA. In terms of delivery cost, I think almost the same ie about 0.0007 - 0.0012 btc for high priotity.

That's a bizarre reason to like Xapo. If you want to use their BTC/fiat exchange services, then sure, it makes sense to verify your identity. But if you just want a lite wallet, you should retain your privacy.

As far as fees, you can also pay much lower fees by using a desktop wallet like Electrum. During low congestion periods, you can pay <5 satoshis per byte and get confirmed in the next block. Even during times of moderate congestion, you can usually get confirmed within 10 blocks or so. It's never necessary to pay as high of fees as Xapo charges.

Comparin Xapo with Electrum is too on par knowing that Xapo is an exchange wallet which they would normally charge higher than on the usual fee compared on electrum which you can actually adjust the fees and same as you said <5 satoshis per byte would really be just enough but depending on networks situation if its congested or not this would really depend on the situation.

[sulendra12]

Tried with blockchain however it isnt accepting my payment. To do transaction more than £50 it says I have to do it via bank transfer. But it wants some details such as photo of some id such as driving license. Is this safe to provide?

Are you sure? I think it's not Blockchain fault, because there is no exchange payment on Blockchain as far as I know (the latest update is about adding Ethereum). I think you were using third party service on advertisement section at Blockchain dashboard.

[Bitcoinsummoner]

Tried with blockchain however it isnt accepting my payment. To do transaction more than £50 it says I have to do it via bank transfer. But it wants some details such as photo of some id such as driving license. Is this safe to provide?

Are you sure? I think it's not Blockchain fault, because there is no exchange payment on Blockchain as far as I know (the latest update is about adding Ethereum). I think you were using third party service on advertisement section at Blockchain dashboard.

This will be the problem if he uses a other service to buy bitcoin and still didn't receive any bitcoin from his account it means the site where you buy bitcoin are scam..

Much better to give us the link of the site where you buy or exchange your money into bitcoin.. so that we can know if the site is legit or not..
There are many scammers outside these days and hoping you are not victim of those scammers..

[beerlover]

What is best online wallet to store bitcoin? I know most will say online wallet is the least safe however as I am starting out with very little money I just want 1 which is secure and easy to use.

Any advice would be greatly appreciated.  

I know almost everyone will tell you blockchain.info. No doubt they have been around for a while and have been able to get their client's loyalty with their great support. However, you should know that this wallet does not give you full control over your funds and if you are planning to store for long, I will advise you use at least a desktop wallet and if you have some cash to spare, try a hardware wallet. For a newbie though, blockchain should work best for you but consider all I have said later on.

[MAbtc]

What is best online wallet to store bitcoin? I know most will say online wallet is the least safe however as I am starting out with very little money I just want 1 which is secure and easy to use.

Any advice would be greatly appreciated.  

I know almost everyone will tell you blockchain.info. No doubt they have been around for a while and have been able to get their client's loyalty with their great support. However, you should know that this wallet does not give you full control over your funds and if you are planning to store for long, I will advise you use at least a desktop wallet and if you have some cash to spare, try a hardware wallet. For a newbie though, blockchain should work best for you but consider all I have said later on.

There's really no reason to use blockchain.info, even for short term use. There are lightweight desktop wallets that instantly sync which are far more secure, and which have better UI. Electrum is one example.

However, I wouldn't say you don't have full control of your funds with blockchain.info. They don't control your private keys. The main security issue that I can see is potential MITM attacks if their service is compromised. If you don't control the software that signs and broadcasts your transactions, your transactions can be hijacked.

[Sate Jamu]

From some web wallet I've ever used, I can say that blockchain.info is the best, besides the transaction cost with blockchain is cheaper than xapo, btc.com, space and coinbase.

[Slark]

What is best online wallet to store bitcoin? I know most will say online wallet is the least safe however as I am starting out with very little money I just want 1 which is secure and easy to use.

Any advice would be greatly appreciated. 

Why do you need an online wallet for when you can use SPV Bitcoin wallets? It is not like you are limited to either full blockchain wallets or full online wallets.
We have great middle ground - when you want to use wallet on your smartphone then SPV wallets have mobile versions too. You are no longer bound to use web service.
Just install Electrum and you won't have to worry about the lesser security of 3rd party Bitcoin wallet.

[kimochidesh]

Tried with blockchain however it isnt accepting my payment. To do transaction more than £50 it says I have to do it via bank transfer. But it wants some details such as photo of some id such as driving license. Is this safe to provide?

If You don't want to use any centralizes wallet then go for decentralized one(one that provides private key) lEg: Bitcoin Core. Safe and reliable.
I think it will solve all your problem.

[kimochidesh]

How much  £ worth did you guys buy initially. I'm all new to this so don't want to take a huge risk.

What are you predictions for future?

1 last question....have you heard about anybody loosing coin value in the online wallet?

Just 1 Advice: Invest the amt. that you can afford to lose(in worst scenario) Initially, start with small amt. and understand the crypto market, and if it appeals you then invest further otherwise step back.

No one can predict BITCOIN future price. It could be ZERO or can reach to $10,000. No clear stand of central authorities resists investors to invest big amt in it.

[richardsNY]

No one can predict BITCOIN future price. It could be ZERO or can reach to $10,000. No clear stand of central authorities resists investors to invest big amt in it.

Back in Bitcoin's early days people were well justified saying that Bitcoin could either end up being worthless, or worth a lot -- nowadays Bitcoin has proven to be worthy of its existence due to the constantly increasing demand. Another thing, the well experienced Bitcoiners don't care about whatever central authority, which is one of the main reasons of why they are in Bitcoin. Other than that, you should advice the person you quoted to not use online wallets to hold coins as in long term storage.

[jossiel]

How much  £ worth did you guys buy initially. I'm all new to this so don't want to take a huge risk.

What are you predictions for future?

I buy bitcoins when we are on the dips so the last time was $3,000 and it is not late to keep on buying for yourself.

If you are asking about the predictions about the future of bitcoin's price then you should read some good information and speculations at the speculations board.

This link will redirect you there https://bitcointalk.org/index.php?board=57.0

1 last question....have you heard about anybody loosing coin value in the online wallet?

Yes but only sort of bug but not hacked.

[sulendra12]

From some web wallet I've ever used, I can say that blockchain.info is the best, besides the transaction cost with blockchain is cheaper than xapo, btc.com, space and coinbase.

We're talking about web wallet and most likely most of peoples would said Blockchain.info because is already well known as better online wallet compared with their rivals like coinbase and xapo. Which both of them has their own problems like poor support, however Blockchain.info also has problem too.

[fullhdpixel]

Tried with blockchain however it isnt accepting my payment. To do transaction more than £50 it says I have to do it via bank transfer. But it wants some details such as photo of some id such as driving license. Is this safe to provide?

If You don't want to use any centralizes wallet then go for decentralized one(one that provides private key) lEg: Bitcoin Core. Safe and reliable.
I think it will solve all your problem.

For a starter, I would not recommend core wallet as it is a heavy one. There are so many light desktop wallets out there such as electrum and exodus that are decentralized and they are so good and easy to use most especially for anyone trying to find their way around with wallets easily.

Just my own piece of advice anyway, except you want to download the whole blockchain into your system, then it is best you go for a light desktop wallet.

[savioroshan]

Hey, if you are from India, then I would suggest you to try online wallets like unocoin or coinsecure. These wallets are very secure and definitely they wont run with the funds because they are closely monitored by Indian government, even though there are no regulations. The transaction fees in coinsecure is also very low, around  10000 satoshi and its fixed.

[babygun]

Best online wallet for me is also blockchain.info, clear interface, low transactions costs. Too bad they only support bitcoin and ethereum, would be nice if they would support other coins such as litecoin.

[BitcoinExpart]

I have some advice to you. Use a paper wallet or hardware wallet if you've got significant holdings. Using online wallet means, you have no control over your coins, that's why you shouldn't be using an exchange because you don't own the key. However, You may use blockchain.info