notlist3d
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Activity: 1456
Merit: 1000
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November 04, 2015, 04:14:32 PM |
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i think it's cold wallet, but the effort is different if you use online wallet
cold wallet is more troublesome than online wallet
Cold wallet is meant to have more security. So being slower and taking longer to access your coins is part of it. As part you should have cold wallet stored somewhere safe. Online wallet is a different creature. It is easy to access and does not take long. This is why you should only keep spending cash not all your money in online wallets. |
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dragonusa9
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November 04, 2015, 05:22:20 PM |
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i think it's cold wallet, but the effort is different if you use online wallet
cold wallet is more troublesome than online wallet
Cold wallet is meant to have more security. So being slower and taking longer to access your coins is part of it. As part you should have cold wallet stored somewhere safe. Online wallet is a different creature. It is easy to access and does not take long. This is why you should only keep spending cash not all your money in online wallets. yeah, that's why i choose cold wallet as most secure bitcoin just forget about the comfortable, you need more secure by cold wallet like electrum  |
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bitart
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November 05, 2015, 10:34:08 PM |
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I've read somewhere an article about creating a really safe bitcoin wallet. It's like booting linux from a live CD, create a wallet, save wallet.dat on 2 USB sticks. Put one of them into a safe, use only the second if needed. You can put BTC into your wallet without the USB sticks. If you want to spend, boot again the live CD, copy back wallet.dat and voila.
The trick is a fresh linux each time you want to spend to be sure no malware or any harmful thing is sitting in the back of your system to steal your BTC's.
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ranochigo
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Activity: 2982
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November 06, 2015, 02:12:25 AM |
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I've read somewhere an article about creating a really safe bitcoin wallet. It's like booting linux from a live CD, create a wallet, save wallet.dat on 2 USB sticks. Put one of them into a safe, use only the second if needed. You can put BTC into your wallet without the USB sticks. If you want to spend, boot again the live CD, copy back wallet.dat and voila.
The trick is a fresh linux each time you want to spend to be sure no malware or any harmful thing is sitting in the back of your system to steal your BTC's.
Since Bitcoin Core uses change address, you have to find a way to disable it or update the backup every 100 transactions. In this case, I would go for Electrum as it has a user friendly offline signing feature. USB Sticks are also quite susceptible to physical damage and is quite unsafe. Electrum are HD wallets and does not require frequent backups, only the seed is needed. |
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ivanst776
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Activity: 1540
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November 10, 2015, 07:50:50 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)
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spidergoat
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Merit: 10
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November 10, 2015, 11:41:04 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)
I don't think blocktrail allows users to control any of the keys. For optimal security, the user must control at least n-of-m keys and the service must control less than n. This prevents the service from hacking any of your coins. Trezor is too expensive, Ledger HW1 is a cheaper option. |
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doggieTattoo
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November 10, 2015, 02:00:57 PM |
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hi,Im new on this and I was wondering what is the most secure bitcoin wallet ? is it fine if I continue with blockchain.info ? nothing to fear from ? I won't lose my BTC or anything else ? thanks
I don't know if I stick with Web-based or go to Desktop applications
I would suggest you go for an offline desktop application like armory. Better security from hackers and you can hide your wallet key in your paper wallet or anywhere you consider safe enough. |
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avw1982
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November 10, 2015, 07:21:29 PM |
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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 |
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sana9821
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November 10, 2015, 09:49:12 PM |
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armory is most definitely the best way to keep your bitcoins safe if you want a desktop wallet though hardware wallets are even safer
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SAMKUSH
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November 10, 2015, 10:54:06 PM |
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just stick with blockchain.info . it's fine and secure
BEST ADVICE PLUS ITS EASY TO USE |
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CoinNuts
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November 11, 2015, 12:12:30 AM |
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blockchain.info with 2fa is a good option. Armory is known for high security as well.
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mark coins
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November 11, 2015, 03:02:04 AM |
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just stick with blockchain.info . it's fine and secure
BEST ADVICE PLUS ITS EASY TO USE not really the best coz blockchain.info always having some kind of issues with their wallet specially when there is an attack ongoing in the network |
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ranochigo
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Activity: 2982
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November 11, 2015, 03:18:52 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 Electrum, trezor, greenaddress.it all has 2FA feature. Using blockchain.info shouldn't be a choice at all. The way that they implement 2FA isn't safe. 2FA protects you from the client side attacks, bruteforce etc. But it doesn't protect you if an employee has access to the server storing the encrypted wallet. |
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BlueStackz
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Activity: 1204
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November 11, 2015, 12:38:55 PM |
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Bitcoin core is the most effective wallet if you considering security as well as ease of use.
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iram66680
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November 11, 2015, 01:43:20 PM |
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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. |
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CasioK
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November 12, 2015, 03:37:42 PM |
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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. |
INVALID BBCODE: close of unopened tag in table (1)
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voztata
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November 12, 2015, 03:47:09 PM |
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But I prefer online wallets like blockcahin.info or coinbase. I will ease of use with them as I can access my bitcoin where ever I go. No set up head aches and securing private key dilemmas. I love online bitcoin wallets.
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bitart
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November 12, 2015, 09:23:36 PM |
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But I prefer online wallets like blockcahin.info or coinbase. I will ease of use with them as I can access my bitcoin where ever I go. No set up head aches and securing private key dilemmas. I love online bitcoin wallets.
Thats nice, but if the site shuts down unexpectedly,what can you do with your online balance? Probably nothing. This is the reason why I have only little money in my web wallet. People prefer something like cold storage to put bitcoin in there to be after. |
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hendra147
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November 13, 2015, 02:28:00 AM |
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But I prefer online wallets like blockcahin.info or coinbase. I will ease of use with them as I can access my bitcoin where ever I go. No set up head aches and securing private key dilemmas. I love online bitcoin wallets.
The problem of coinbase is private key, if coinbase shutting down his bitcoin wallet service and you didn't have "prive key" (because coinbase not give you acces to priv key) so you will lose your bitcoin  i prefer you to use bitcoin android app, safe and full acces also "pure nodes" like bitcoin core |
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ranochigo
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Activity: 2982
Merit: 4193
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November 13, 2015, 06:08:35 AM |
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But I prefer online wallets like blockcahin.info or coinbase. I will ease of use with them as I can access my bitcoin where ever I go. No set up head aches and securing private key dilemmas. I love online bitcoin wallets.
Thats nice, but if the site shuts down unexpectedly,what can you do with your online balance? Probably nothing. This is the reason why I have only little money in my web wallet. People prefer something like cold storage to put bitcoin in there to be after. Not saying that I like blockchain.info but they do allow users to have a backup of their private key and could allow users to transfer the private key to their desktop wallet. Wallets like greenaddress.it has 2 of 3 multisig address, users control 2, site controls one. The website wouldn't be able to get your coins and you can use your coins even if they closes down. |
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