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iram66680
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November 13, 2015, 07:39:02 AM |
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Bitcoin core is the most effective wallet if you considering security as well as ease of use.
Bitcoin Core does not qualify as a userfriendly wallet. It takes a long time for users to download and verify the entire blockchain if it's the first download or after several months. The bandwidth usage is also very high. SPV clients are slightly less secure as they trust the miners completely but takes seconds to setup. Even bitcoin core takes lots of bandwidth and synchronization time for set up it's the only wallet indiscriminately developed by bitcoin foundation. But it's not recommended to all type of users only for advanced users can use all the features of it. Its developed by satoshi himself, taken over by Gavin Andreasen. Bitcoin Foundation afaik, isn't involved in the development. I can't agree too much on your point. You are right about an average user using an SPV client would be good enough but in reality, those who care about security should do so. It verifies the block individually and does not place any trust on anyone. SPV Clients on the other hand requires trust placed on the miners. |
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It is a common myth that Bitcoin is ruled by a majority of miners. This is not true. Bitcoin miners "vote" on the ordering of transactions, but that's all they do. They can't vote to change the network rules.
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Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
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TTMNewsMJ
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November 13, 2015, 10:07:41 PM |
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Blockchain. info is a very safe bitcoin wallet.
You can totally trust them unlike the others that you can't.
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FrostStick
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November 13, 2015, 10:17:32 PM |
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A cold wallet/paper wallet is the most secure wallet you can use.
Never, ever use a brain wallet of any kind to store any large sum of bitcoins. You'll get hacked.
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hendra147
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November 14, 2015, 01:48:27 AM |
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Blockchain. info is a very safe bitcoin wallet.
You can totally trust them unlike the others that you can't.
No you can't trust blockchain 100% |
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SantaClause.
Newbie
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Activity: 1
Merit: 0
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November 14, 2015, 01:50:28 AM |
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KeepKey for storing large numbers of coins.
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mkswords
Newbie
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Activity: 2
Merit: 0
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November 14, 2015, 01:57:42 AM |
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Airbitz is the best for mobile. It automatically backs up your keys, has One Touch Two Factor, password recovery questions, and all information is encrypted locally. If servers for some reason go down you can still access your funds and you hold the private keys. It also has a merchant directory so it's easy to find businesses to spend bitcoin near you. I think it's the easiest and most secure for people totally new to bitcoin. With Blockchain's app I would take extra caution and enable 2FA on your email address. There are more attack vectors for web based wallets as opposed to mobile ones.
For hardware wallets, I've used Trezor which is great and I've also heard Ledger is good too but do not have experience with that one.
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thuthanh
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November 14, 2015, 02:00:47 AM |
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Blockchain. info is a very safe bitcoin wallet.
You can totally trust them unlike the others that you can't.
No you can't trust blockchain 100% I used blockchain some years and no any problem. I beleive it. |
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mark coins
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November 14, 2015, 02:20:04 AM |
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Blockchain. info is a very safe bitcoin wallet.
You can totally trust them unlike the others that you can't.
No you can't trust blockchain 100% I used blockchain some years and no any problem. I beleive it. well, you can still use blockchain.info wallet for small amount of bitcoins but dont use it if you have large amount as they are always having some kind of issue and IIRC there are some users that got hacked on their blockchain.info wallets |
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dongchi
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November 14, 2015, 03:21:14 AM |
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What's you think about coinbase? It's most secure bitcoin wallet.
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mark coins
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November 14, 2015, 03:29:50 AM |
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What's you think about coinbase? It's most secure bitcoin wallet.
its not really secure wallet as users dont have their full control over their funds. using an exchange site as bitcoin storage isnt really a good idea tho |
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francism
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November 14, 2015, 03:43:58 AM |
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Blockchain. info is a very safe bitcoin wallet.
You can totally trust them unlike the others that you can't.
No you can't trust blockchain 100% I definitely agree, many users have been complaining about losing their btc on that site. |
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iram66680
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November 14, 2015, 04:20:34 AM |
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What's you think about coinbase? It's most secure bitcoin wallet.
Most secure would be hardware/paper wallets. Coinbase does have a feature which allows users to have full control over their keys with multisig vault. That wouldn't be as secure as creating one yourself IMO. However, the coins are insured against hacks so you would be quite safe imo. |
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Amph
Legendary
Offline
Activity: 3206
Merit: 1069
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November 14, 2015, 07:39:06 AM
Last edit: November 14, 2015, 06:44:06 PM by Amph |
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What's you think about coinbase? It's most secure bitcoin wallet.
no it's controlled as fuck, i don't like that my funds are 100% controlled or i would stay with fiat at this point, instead i chose bitcoin to have full control also online wallet are known to be not secure, even so coinbase have insurance, still i want to see how strong is their insurance in case of a big amount of stolen coins... |
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1Referee
Legendary
Offline
Activity: 2170
Merit: 1427
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November 14, 2015, 09:55:39 AM |
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What's you think about coinbase? It's most secure bitcoin wallet.
no it's controlled as fuck, i don't like that my funds are 100% controlled or i would stay with fiat at this point, instead i choose bitcoin to have full control also online wallet are known to be not secure, even so coinbase have insurance, still i want to see how strong is their insurance in case of a big amount of stolen coins... It's funny to see that there are still people thinking letting their precious coins be controlled by a third party is secure  Even if they have the best insurance in the world, I would never ever leave coins online. If I have to use my mobile wallet to make some real life transactions, I send the exact amount to the mobile wallet and make the transaction. If there are coins left, I direcly send them back to my offline wallet. If my mobile wallet isn't in use, the balance is always zero. Same counts for exchanges. If I am going to do some day trading, I simply send the amount of coins I want and start trading. When I am done trading the next day, or the day after that, all coins will go back to my offline wallet. It's that simple. |
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Mickeyb
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November 14, 2015, 09:13:53 PM |
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What's you think about coinbase? It's most secure bitcoin wallet.
Its not really secure wallets because you dont have full control of your funds and still people can control your funds that is the founder of coinbase. Every online wallet like coinbase,xapo,blockchain or anything it is no more secure than hardware wallet or desktop wallet.  Not to mention that Coinbase gives themselves right to close your wallet if they judge you have broken their ToS. Many accounts have been closed that were sending funds to online betting sites, poker rooms, etc. Electrum or Multibit for desktop and you are good to go! Nobody will ever close your account and your funds will be much safer and solely under your control! |
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BeginToMine
Full Member
Offline
Activity: 434
Merit: 101
https://www.payaccept.net/
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November 15, 2015, 11:28:02 AM |
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Electrum is the way to go in my opinion
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btcjoin14
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November 15, 2015, 03:49:57 PM |
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Offline wallets are usualy the most secure. hiowever keeping large amount of money in any wallet is not recommended.
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apriyani420
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November 15, 2015, 03:52:08 PM |
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Offline wallets are usualy the most secure. hiowever keeping large amount of money in any wallet is not recommended.
why? i cant agree with this statement if the wallet is a hardware one its nearly impossible to hack it in my opinion so why is it insecure? |
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ivanst776
Legendary
Offline
Activity: 1540
Merit: 1003
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November 16, 2015, 06:47:56 AM |
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For online web wallets i would prefer multi sig wallets (i think blocktrail has this feature) and for offline i would suggest Trezor(very expensive)
Actually block chain is having good feature to keep secure BTC in your wallet. it have two time authentication so wallet will safe for sure and u can use coinbase wallet also it also have good feature in it you can find in google play store itself Coinbase has also the two factor authentication but the platform itself should be secured first, but at the moment they are pretty good secured, and as a most biggest bitcoin business company. |
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ranochigo
Legendary
Offline
Activity: 2968
Merit: 4168
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November 16, 2015, 06:51:33 AM |
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Offline wallets are usualy the most secure. hiowever keeping large amount of money in any wallet is not recommended.
why? i cant agree with this statement if the wallet is a hardware one its nearly impossible to hack it in my opinion so why is it insecure? Most malware would require at least an internet connection to operate. Without it, commands can't be received by the malware if it exist in your computer and is hence very secure. Arguably, hardware wallets are more secure if the firmware is secure and open-source. However, I still find offline wallet quite secure. |
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