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Author Topic: Which online wallet for bitcoin is safer?  (Read 1431 times)
tamango
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November 29, 2017, 11:33:52 PM
 #1

I have ledger nano s but a friend of mine doesn't have and want to buy some bitcoins. He asked me what ONLINE wallet (no ANDROID) is more safe......
what do you think?
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November 29, 2017, 11:35:56 PM
 #2

blockchain . info is a good one. Well done for not thinking about Android. Love Android, but hey, friends separate, money separate.

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November 30, 2017, 12:25:34 AM
 #3

So he wants a wallet for PC? Electrum is by far the best.

Don't listen to people talking about Blockchain.info; Never use a web/hosted wallet.

[1] https://electrum.org/

ezhui
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November 30, 2017, 01:06:44 AM
 #4

I agree above.
Avoid any web or web-like app wallet to store your money. Secure is the most important and NO 1 issue you should take care of rather than convenience. You can find a list of wallets here: https://bitcoin.org/en/choose-your-wallet
And do wallet backup and keep passphrase safe otherwise you could scratch your head years later. It happens a lot of times.


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November 30, 2017, 06:25:26 AM
 #5

So he wants a wallet for PC? Electrum is by far the best.

Don't listen to people talking about Blockchain.info; Never use a web/hosted wallet.

[1] https://electrum.org/

Electrum is not very user-friendly for newbies, so people should take note of that. If you are not planning to store large amounts of bitcoins in web wallets, then Blockchain.info is fine. Use both if you need to, but Blockchain.info is by far the easiest web wallet to use.

I use several methods, including web/desktop/hardware/paper wallets and had no problems with any of them. Store most of your coins <80%+> on paper wallets and experiment with the other options, with the rest of the coins. ^smile^

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adamcro
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November 30, 2017, 07:07:56 AM
 #6

I'm using CoinBase but their fees are very high. I also tried MyEtherWallet

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November 30, 2017, 08:35:04 AM
 #7

In principle, there are no secure wallets on Android. If you need to save bitcoin for a long time, then it's better to use local wallets, for example Bitcoin Core.

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November 30, 2017, 08:36:24 AM
 #8

Blockchain is the best for me..
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November 30, 2017, 12:25:11 PM
 #9

all web wallets are at great risk from phishing, you should always be careful and do not believe scammers.

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November 30, 2017, 12:49:57 PM
 #10

my brother uses something called paper wallet

but i still cannot comment on that Tongue
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November 30, 2017, 12:54:37 PM
 #11

Paper wallet would be good, but i personally use Electrum for offfline and Blockchain for Online. If i had a wallet, likee you, i would for sure use that. So maybde advise him to buy a hardware wallet?

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Aniruddha19
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November 30, 2017, 12:58:26 PM
 #12

Hi,

Is there any wallet which can be use to buy and sell the Bit coin and ETH and can be operate through India.

Please let me know.

Thanks.
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November 30, 2017, 01:02:51 PM
Last edit: November 30, 2017, 03:37:18 PM by ranochigo
 #13

blockchain . info is a good one.
Electrum is not very user-friendly for newbies, so people should take note of that. If you are not planning to store large amounts of bitcoins in web wallets, then Blockchain.info is fine. Use both if you need to, but Blockchain.info is by far the easiest web wallet to use.
Blockchain is the best for me..
Here we go again:
- https://blog.blockchain.com/2015/05/28/android-wallet-security-update/
- https://themerkle.com/poorly-generated-addresses-cause-blockchain-info-customers-btc-loss/

Yeah, there's probably more. I don't have time to find it out. You shouldn't be putting any amount of money into something that you can't secure fully. If you are going to store coins, you don't want to lose a single cent right? Blockchain.info is NOT a safe wallet by their previous track record and I don't see why any alternatives would be anything worse than that. Stop recommending Blockchain.info to newbies.


Hardware wallets are not a necessity. The main thing you need is a computer free of any malware and a desktop wallet. Electrum would be the best lightweight wallet.

Edit: No offense but it isn't quite intelligent to be saying Electrum is not user friendly. Anyone who knows the basics of Bitcoin is more than capable of using it.

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November 30, 2017, 02:00:03 PM
 #14

Didn't know this website before but it gives a good comparison:
https://www.cryptocompare.com/wallets/#/overview

Personally I use Electrum and Exodus, both work fine.
mayo2u
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November 30, 2017, 02:22:36 PM
 #15




Here we go again:
- https://blog.[Suspicious link removed]/2015/05/28/android-wallet-security-update/
- https://themerkle.com/poorly-generated-addresses-cause-blockchain-info-customers-btc-loss/

Yeah, there's probably more. I don't have time to find it out. You shouldn't be putting any amount of money into something that you can't secure fully. If you are going to store coins, you don't want to lose a single cent right? Blockchain.info is NOT a safe wallet by their previous track record and I don't see why any alternatives would be anything worse than that. Stop recommending Blockchain.info to newbies.


Hardware wallets are not a necessity. The main thing you need is a computer free of any malware and a desktop wallet. Electrum would be the best lightweight wallet.

I couldn't agree more. Blockchain.info is NOT a safe wallet. Anybody investing into Bitcoin and crypto in general needs to understand wallets. It takes 4+ days between the time you start opening an account on a trading platform and the time your bank account is verified and the funds transferred up and available for distribution (here in the US). Newbies need to spend that time reading up on wallets; installing them on their computers and phones; and getting used to the interface.

Blockchain.info has it's place (I suppose) but certainly not as the primary wallet for ones cryptocurrency.
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November 30, 2017, 08:43:45 PM
 #16

Nope, no online wallet is 'safe', if you do not hold the private keys -  you do not control or own the coin.

Also, I lost an account on blockchain.info, no longer there but the BTC still shows.. another story there..
IncomeCoin
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December 01, 2017, 04:17:34 PM
 #17

Nope, no online wallet is 'safe', if you do not hold the private keys -  you do not control or own the coin.

Also, I lost an account on blockchain.info, no longer there but the BTC still shows.. another story there..
how you lost account blockchain?

you have lost credentials or blockchain has done something about it  Huh
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December 01, 2017, 04:20:41 PM
 #18

Blockchain has a high transaction fee....i personally prefer luno. But ultimately, any one can be secure...you can enable 2-factor google authenticator; that would make it really secure
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December 01, 2017, 08:00:30 PM
 #19

Just a thought sometimes easier wallet to operate more prone to lost your asset, compare to a wallet which is more complicated and require a lot of requirement. You can visit this site https://www.cryptocompare.com/wallets/ maybe it can help..

That site is biased, Exodus with top anonymity, lol? Ledger and Trezor should be on top, followed by Electrum.
Exodus is great for every day use, but for full time storage look elsewhere.
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December 01, 2017, 08:03:51 PM
 #20

Just a thought sometimes easier wallet to operate more prone to lost your asset, compare to a wallet which is more complicated and require a lot of requirement. You can visit this site https://www.cryptocompare.com/wallets/ maybe it can help..

https://bitcoin.org/en/choose-your-wallet is also great link to check all recommended wallets (from hardware to web) and their features



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