CanIHazBitcoin777
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September 30, 2015, 03:41:30 AM |
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I installed the green address app on my cousin's phone. I think its pretty convenient and moderately secure.
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notlist3d
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September 30, 2015, 04:36:01 AM |
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If you mean about the encrypted link between a server and a client then most of the websites nowadays have implemented SSL. It makes their website secure but the OP is asking about the wallet how secure is it, but coinbase wallets are not much secured. They can be shut down at any time that the coinbase can be offline or out of the market, so your don't possess in your hand. The thing that is suppose to stop it with coinbase is it in insured - https://support.coinbase.com/customer/portal/articles/1662379-how-is-coinbase-insured-From what I get out of it if you alone lose bitcoins it is not covered. But if somehow site is hacked or employee did it and big money is gone it should be insured. Hopefully this is never tested out... but there is at least something there.
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neonshium
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September 30, 2015, 02:37:35 PM |
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All the desktop wallets are secured if we go with encrypted. So, if the private keys are within you and it's encrypted by a strong password, that wallet is the secured one.
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notlist3d
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September 30, 2015, 04:04:46 PM |
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Or use cold wallets. This is the risk with any hot wallet is that you lose it to malware/virus. Two factor authentication can help. In some cases they could have the password but if you have 2 factor that is something not on computer the password alone does them no good.
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Scream
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U will never know the true answer, before you try
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October 02, 2015, 07:27:21 AM |
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Yes Coinbase is exchange company but its wallet is not bad and secure. coinbase is multifungsi wallet ~you can buy and sell at 1 account ~you can acces your public key so u can write signature message but not for privatekey
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ranochigo
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Crypto Swap Exchange
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October 02, 2015, 09:43:36 AM |
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Yes Coinbase is exchange company but its wallet is not bad and secure. coinbase is multifungsi wallet ~you can buy and sell at 1 account ~you can acces your public key so u can write signature message but not for privatekey Coinbase does not give you the public key nor private key just like all shared online wallet. They help you to sign the message and no keys would be leaked in the process. Additionally, you need your private key to sign the message.
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neonshium
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October 03, 2015, 06:08:08 AM |
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Yes Coinbase is exchange company but its wallet is not bad and secure. coinbase is multifungsi wallet ~you can buy and sell at 1 account ~you can acces your public key so u can write signature message but not for privatekey Coinbase does not give you the public key nor private key just like all shared online wallet. They help you to sign the message and no keys would be leaked in the process. Additionally, you need your private key to sign the message. Desktop wallets are more secured than online wallet in my view. Because in desktop wallet the private keys are being kept within our hard disk. But, on a online wallet your privatekeys are not with you. So you are sharing your private information with third party.
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rickadone
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October 03, 2015, 06:09:29 AM |
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Securing bitcoins is the first eduction we need to spread among newbies. Because people focus on making new bitcoins and leaving the wallet security. That may end up in fatal.So, to avoid that kind of situations, we must secure our wallet first then start earning bitcoins.
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coinplus
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October 03, 2015, 03:39:14 PM |
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Cold storage is the best way to secure bitcoin wallet. When nobody knows the funds available with you, then the chances to steal from you would be very less.When everybody needs a hot wallet to manage daily transactions, then cold stored bitcoin has nothing to do for that. Then we need a strong password.
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hendra147
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October 03, 2015, 04:17:39 PM |
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I don't know if I stick with Web-based if you want to use web-based u can use blockchain.info, 2fa enabled with sms or email verification or go to Desktop applications Bitcoin Core is Best choice
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CanIHazBitcoin777
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October 04, 2015, 05:56:36 AM |
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Maybe Armory is the best one, but I hope more wallets will be peer reviewed and we will have safety in all of them and only the design will be different.
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smith coins
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October 04, 2015, 06:03:09 PM |
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If you mean about the encrypted link between a server and a client then most of the websites nowadays have implemented SSL. It makes their website secure but the OP is asking about the wallet how secure is it, but coinbase wallets are not much secured. They can be shut down at any time that the coinbase can be offline or out of the market, so your don't possess in your hand. The thing that is suppose to stop it with coinbase is it in insured - https://support.coinbase.com/customer/portal/articles/1662379-how-is-coinbase-insured-From what I get out of it if you alone lose bitcoins it is not covered. But if somehow site is hacked or employee did it and big money is gone it should be insured. Hopefully this is never tested out... but there is at least something there. That's the great news. So our coins within coinbase is secured from any hack. Now I feel free to use coinbase for my hot wallet purpose. It is enough secure but it does not make completetly safe. Because it depends also and from you, a strong password. Also implementing the two factor authentication which increase the security level.
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notlist3d
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October 04, 2015, 06:54:40 PM |
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If you mean about the encrypted link between a server and a client then most of the websites nowadays have implemented SSL. It makes their website secure but the OP is asking about the wallet how secure is it, but coinbase wallets are not much secured. They can be shut down at any time that the coinbase can be offline or out of the market, so your don't possess in your hand. The thing that is suppose to stop it with coinbase is it in insured - https://support.coinbase.com/customer/portal/articles/1662379-how-is-coinbase-insured-From what I get out of it if you alone lose bitcoins it is not covered. But if somehow site is hacked or employee did it and big money is gone it should be insured. Hopefully this is never tested out... but there is at least something there. That's the great news. So our coins within coinbase is secured from any hack. Now I feel free to use coinbase for my hot wallet purpose. It is enough secure but it does not make completetly safe. Because it depends also and from you, a strong password. Also implementing the two factor authentication which increase the security level. It is true it is not 100 pecent safe. But it does have some insurance which most BTC sites/wallets do not. So it is a nice feature for them to have. Basically if you are targeted as a single person and account is compromised because of you then you lose your btc no insurance. Turning on 2 factor is a good idea as even if a "bad guy" has your password they cant log in without that 2nd factor authentication. But if site has a hack where it's coinbase's fault, then yes you should get your coins back. So how it was compromised is a big deal as far as their insurance protection.
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smith coins
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 04, 2015, 07:11:14 PM |
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If you mean about the encrypted link between a server and a client then most of the websites nowadays have implemented SSL. It makes their website secure but the OP is asking about the wallet how secure is it, but coinbase wallets are not much secured. They can be shut down at any time that the coinbase can be offline or out of the market, so your don't possess in your hand. The thing that is suppose to stop it with coinbase is it in insured - https://support.coinbase.com/customer/portal/articles/1662379-how-is-coinbase-insured-From what I get out of it if you alone lose bitcoins it is not covered. But if somehow site is hacked or employee did it and big money is gone it should be insured. Hopefully this is never tested out... but there is at least something there. That's the great news. So our coins within coinbase is secured from any hack. Now I feel free to use coinbase for my hot wallet purpose. It is enough secure but it does not make completetly safe. Because it depends also and from you, a strong password. Also implementing the two factor authentication which increase the security level. It is true it is not 100 pecent safe. But it does have some insurance which most BTC sites/wallets do not. So it is a nice feature for them to have. Basically if you are targeted as a single person and account is compromised because of you then you lose your btc no insurance. Turning on 2 factor is a good idea as even if a "bad guy" has your password they cant log in without that 2nd factor authentication. But if site has a hack where it's coinbase's fault, then yes you should get your coins back. So how it was compromised is a big deal as far as their insurance protection. Coinbase has a good think that even if someone bypass the password you can activate the 2FA for transaction over x.xx BTC. This makes even more secure your bitcoins in your "wallet", we should try to get most of the security features. Even though we don't control completely the funds, because coinbase does not provide private key.
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notlist3d
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October 04, 2015, 11:48:29 PM |
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Coinbase has a good think that even if someone bypass the password you can activate the 2FA for transaction over x.xx BTC. This makes even more secure your bitcoins in your "wallet", we should try to get most of the security features. Even though we don't control completely the funds, because coinbase does not provide private key.
That is part of their security though not giving out the key. I suspect to get their digital assets insured it had to be locked down pretty tight. For a advanced user it would be nice to have the private key. But honestly for a new user they are doing them a favor not handing out the key. So I think there is good to it. But i admit I don't completely like the idea of not being able to use a private key and import your own btc into a wallet off their site.
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tommorisonwebdesign
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October 05, 2015, 02:34:52 AM |
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Cold storage is the best way to secure Bitcoins. A paper wallet is offline and not prone to malware/viruses. Hot wallets like blockchain.info are easily crack-able and the Bitcoins can get stolen. Cold storage is offline, and no node can access the funds.
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Signatures? How about learning a skill... I don't care either way. Everybody has to make a living somehow.
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hendra147
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October 05, 2015, 03:03:25 AM |
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Cold storage is the best way to secure Bitcoins. A paper wallet is offline and not prone to malware/viruses. Hot wallets like blockchain.info are easily crack-able and the Bitcoins can get stolen. Cold storage is offline, and no node can access the funds.
you must think again where you safe your bitcoin paperwallet ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) if some one found it, and scan the "QR code" you lost your money to ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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smith coins
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 05, 2015, 10:57:48 AM |
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Coinbase has a good think that even if someone bypass the password you can activate the 2FA for transaction over x.xx BTC. This makes even more secure your bitcoins in your "wallet", we should try to get most of the security features. Even though we don't control completely the funds, because coinbase does not provide private key.
That is part of their security though not giving out the key. I suspect to get their digital assets insured it had to be locked down pretty tight. For a advanced user it would be nice to have the private key. But honestly for a new user they are doing them a favor not handing out the key. So I think there is good to it. But i admit I don't completely like the idea of not being able to use a private key and import your own btc into a wallet off their site. They have something that is called vault but it's something that is confusing. Even though they give you some keys, but i haven't seen that hey give you the private key. They say that this vault wallet is more secured but i think it is the same.
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VirosaGITS
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October 05, 2015, 07:41:17 PM |
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Coinbase has a good think that even if someone bypass the password you can activate the 2FA for transaction over x.xx BTC. This makes even more secure your bitcoins in your "wallet", we should try to get most of the security features. Even though we don't control completely the funds, because coinbase does not provide private key.
That is part of their security though not giving out the key. I suspect to get their digital assets insured it had to be locked down pretty tight. For a advanced user it would be nice to have the private key. But honestly for a new user they are doing them a favor not handing out the key. So I think there is good to it. But i admit I don't completely like the idea of not being able to use a private key and import your own btc into a wallet off their site. They have something that is called vault but it's something that is confusing. Even though they give you some keys, but i haven't seen that hey give you the private key. They say that this vault wallet is more secured but i think it is the same. I'm guessing vault is just a more solid cold storage. If you want to secure your bitcoin i still would not trust a 3rd party. You could look into the armory wallet and set it up on a 100% permanent offline computer that will basically act like the hardware wallets you can buy for BTC.
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