Here is a question for y'all... how many of you have a "new topic" as your first post as opposed to just dropping a post in an existing thread?
Hi,
I am relatively new to the Bitcoin world (have been dipping my toes in the water for a week or so) and have a couple of things I'd like to get clarified, as I'd like to get a bit more "serious" about Bitcoin going forward.
Firstly, as I understand it, an 'online' wallet is essentially software (either desktop or web) that stores all the information about my bitcoins, whereas an offline wallet would be like a paper one, with all the info printed onto paper and stored (hopefully) somewhere secure. Is that correct?
Secondly, a 'desktop' wallet is software like bitcoin core that I run on my own hardware... and I have full control (and responsibility for maintaining security)... whereas a web wallet, I'm essentially letting someone else hold onto my coins, as they theoretically have access to my private keys etc?
In the case of web wallets... are any of them trustworthy?? Like Xapo looks nice and convenient and all, but there doesn't seem to be a way to control your keys... Blockchain.info seems to offer you all that information, but then, that means they still have access to my keys right??
Thanks in advance for your help/suggestions/information...
Shit, I even put it in B&H!
But OMG... I want to go back in time and smack myself... "Xapo looks nice"
This exercise is what I would imagine it would be like having to watch myself as a teenager... "You dumbarse, are you blind? That girl you're 'just friends'™ with is totally into you and you're busy fantasising about that senior who doesn't even know you exist!"