Online Wallet Anyone?

[redhatcc]

Considering the following:

1. I have several PC's mining.
2. I want to have a centralized wallet.
3. I want to make sure it is backed up.
4. I want access to it wherever I go (even if its RDP or teamviewer accessed).

What are the true risk for using an online wallet vs a personal node based (PC) wallet? I know you can backup your wallet and encrypt it on your PC, backing it up to Dropbox or similar. But how many people use online wallets?

I know the risk are only in how secure they have their infrastructure, and looking into the past it seems some have been hacked. But how secure are they now? And how often do you hear of them being hacked?

Any suggestions? Thanks ahead of time.

[1715335139]

1715335139

[pedrog]

Blockchain.info is pretty good if you take advantage of every security feature available.

[franky1]

Considering the following:

1. I have several PC's mining.
2. I want to have a centralized wallet.
3. I want to make sure it is backed up.
4. I want access to it wherever I go (even if its RDP or teamviewer accessed).

What are the true risk for using an online wallet vs a personal node based (PC) wallet? I know you can backup your wallet and encrypt it on your PC, backing it up to Dropbox or similar. But how many people use online wallets?

I know the risk are only in how secure they have their infrastructure, and looking into the past it seems some have been hacked. But how secure are they now? And how often do you hear of them being hacked?

Any suggestions? Thanks ahead of time.

whether on YOUR pc or online wallet such as blockchain.info keep atleast 3 copies of the private keys. (atleast one copy lo-tech style (paper))

now the next thing. have a full node/proper bitcoin software on your PC. this is for your long term large holdings. and only deposit small amounts to the online wallets, for your day-to-day moving around 'wherever you go'.

do not put large amounts into third party services or have it hanging around wherever you go.

[redhatcc]

Does anyone know of an online storage wallet that allows multiples coins to be stored i.e. Bitcoins, Litecoins, Dogecoins etc.?

Also, what is the securest way in your opinion to store coins? Cold storage such as a USB drive and locked in your safe or written down on paper and saved I am assuming?

[keithers]

Does anyone know of an online storage wallet that allows multiples coins to be stored i.e. Bitcoins, Litecoins, Dogecoins etc.?

Also, what is the securest way in your opinion to store coins? Cold storage such as a USB drive and locked in your safe or written down on paper and saved I am assuming?

I don't think there are any reputable multi-coin online wallets available yet.   I know there are a few out there, but none that have really gotten major adoption by many...

[MineForeman.com]

Does anyone know of an online storage wallet that allows multiples coins to be stored i.e. Bitcoins, Litecoins, Dogecoins etc.?

You could use an exchange.....

The problem is, online wallets and exchanges go bust or get hacked.  I really urge you to use something that lets you totally control your private keys and (therefore) access to your funds.  Electrum on a usb key (backed up) is a good solution.

In the end though, bitcoin not only allows you, but in some ways forces you to be responsible for your own money.

Neil

[Light]

I wouldn't use exchanges unless they've been fully audited and you know they aren't stealing your funds. Blockchain isn't a bad idea but you must have 2FA enabled - I wouldn't use it without that function. You could alternatively have a copy of an encrypted Electrum wallet that's stored on a cloud storage with 2FA - that's just as safe if not more.

[ganabb]

Online Wallet is insecure. I Use paper wallets, only keep 1% of my bitcoin online.

[BTCAFFE]

If you want to have access to funds from anywhere, just use an online exchange, or even a bitcoin casino wallet!

If you want to have acces to the same wallet from several places, just import the keys to whatever wallet you want to use on a particular device.

[Swordsoffreedom]

Blockchain.info is pretty good if you take advantage of every security feature available.

Do not trust an online wallet to hold your coins safely and securely
But if you must use one to store coins I would also recommend using Blockchain.info and emptying it out after a certain balance is reached

[rext]

Yea you never know if that hard disk fails or they get hacked and screw you all over. Byebye coins, man that would suck

[bitcoin_bagholder]

Blockchain.info is pretty good if you take advantage of every security feature available.

+1

A solid choice for a web wallet.

Don't keep lots of btc in it. Treat it like the wallet in your back-pocket.

[ranochigo]

If you want to have access to funds from anywhere, just use an online exchange, or even a bitcoin casino wallet!

If you want to have acces to the same wallet from several places, just import the keys to whatever wallet you want to use on a particular device.

Using online exchange or casino to store your BTC is even more dangerous than a service dedicated to storing Bitcoins. There were alot of cases of exchange and casino owners running away with your BTC compared to dedicated wallet services, although there is still risk.

[maximuss]

I keep my small amounts of coin in exchanges like Cryptsy, probably not too safe if you keep a lot of BTC's worth.

 

[Swordsoffreedom]

If you want to have access to funds from anywhere, just use an online exchange, or even a bitcoin casino wallet!

If you want to have acces to the same wallet from several places, just import the keys to whatever wallet you want to use on a particular device.

Using online exchange or casino to store your BTC is even more dangerous than a service dedicated to storing Bitcoins. There were alot of cases of exchange and casino owners running away with your BTC compared to dedicated wallet services, although there is still risk.

It depends which one you use for example I would trust dooglus and just dice as much as blockchain.info in terms of security of your Bitcoins and storage procedures.

The problem with the investor feature is the variance so your coins can be eaten or grow a bit depending on when you deposit although it tends to grow in the long term but 1 Big Whale will mean it takes a while to recover that initial loss
Good old house edge

[keithers]

I wouldn't use exchanges unless they've been fully audited and you know they aren't stealing your funds. Blockchain isn't a bad idea but you must have 2FA enabled - I wouldn't use it without that function. You could alternatively have a copy of an encrypted Electrum wallet that's stored on a cloud storage with 2FA - that's just as safe if not more.

Given everything that has happened with Gox, and a few other exchanges, I wouldn't leave any excess coins on an exchange either.   Any coins that you aren't using for day trading, you should immediately withdraw them to your wallet.  Keep your coins spread across several wallets, so you don't have all your money in one spot..

[FattyMcButterpants]

I wouldn't use exchanges unless they've been fully audited and you know they aren't stealing your funds. Blockchain isn't a bad idea but you must have 2FA enabled - I wouldn't use it without that function. You could alternatively have a copy of an encrypted Electrum wallet that's stored on a cloud storage with 2FA - that's just as safe if not more.

these audits don't really prove anything. the auditor is not given full access to exchange data -- only a specific window. this could, in theory, be very easy to beat.

[gagalady]

Storing coins on exchange are not 100% safe.

[CodyAlfaridzi]

Storing coins on exchange are not 100% safe.

Not only exchange, as long as you don't hold and secure the private keys, well it's not safe

[cech4204a]

Unless you have 10 btc or more, you should not care which one you use. People are not stupid to hack your wallet for 0.2 BTC, keep that in mind. They will allways look for the large fish first.