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Author Topic: Most Secure bitcoin wallet ?  (Read 36248 times)
btchris
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September 06, 2014, 11:10:06 PM
 #21

There isn't an unsecure offline wallet but if your computer is full of cracked software than it's better to store your coins into an online wallet like blockchain.

I don't mean to be argumentative, but... Blockchain doesn't help against malware.

Only online wallets which offer per-transaction two factor authentication have any meaningful protection against locally installed malware (and even then it's not perfect).

Blockchain is pretty much a desktop wallet which happens to store both the software and your encrypted wallet on their servers. With this model, they couldn't offer per-transaction 2fa even if they wanted to. (I don't mean to bash them, that's just the way things are).

As far as I know, the only online services that can offer per-transaction 2fa, and therefore improved malware resistance, are multisig online wallets, and online wallets who completely control your keys (e.g. Coinbase).

Of these, I happen to know that GreenAddress.it does offer per-transaction 2fa, and I think that BitGo.com does too (both are multisig online wallets, and therefore share control of your wallet keys with you). I'll bet some of the online wallets that completely control your keys also offer per-transaction 2fa, however I don't know which do and do not. One of these is probably your best bet if you think you're not running in a secure environment.
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September 07, 2014, 06:03:52 PM
Last edit: September 07, 2014, 06:32:59 PM by silvestar
 #22

No wallet is really "Offline" imo. I mean how are you supossed to have an up to date wallet without internet? And how are you supossed  to send/recive without internet? Without internet any wallet is useless. And I would say QT is the most secure due official status.

Not really.
You can create a wallet watch-only wallet in your online computer, and create an unsigned tx.
You can then sign the tx in your offline computer, and go back to your online computer to push it.
Newar
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September 07, 2014, 06:07:21 PM
 #23

No wallet is really "Offline" imo. I mean how are you supossed to have an up to date wallet without internet? And how are you supossed  to send/recive without internet? Without internet any wallet is useless. And I would say QT is the most secure due official status.

Not really.
You can create a wallet-only wallet in your online computer, and create an unsigned tx.
You can then sign the tx in your offline computer, and go back to your online computer to push it.

Or in one word: Armory Wink
https://bitcoinarmory.com/

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perixxx
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September 07, 2014, 07:10:40 PM
 #24

Armory is the most advanced and secure wallet in this moment, but Electrum is more user friendly.
dailycoins
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September 07, 2014, 07:42:53 PM
 #25

Strongcoin and Armory are both pretty good. If you're looking for a long time storage go for paperwallet.

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September 07, 2014, 07:59:02 PM
 #26

I probably wouldn't put more than 10-20 coins on blockchain.info and then use all their safety features, like 2FA. I havent used electrum, but have heard its really nice. Armory is the way to go, you have to have a ton of Ram but most computers these days already have a ton, but i think you need at least 6gb or more.

a lot of people are getting a cheap computer thats their dedicated bitcoin wallet. back up the wallet via a thumbdrive and never have it touch the internet. with Armory, i believe you can do most everything off line until you broadcast it... I have just kept out a few coins on my computer for spending, the rest is in cold storage via paper wallet. if I need to buy something with bitcoin, i will go to coinbase and buy it if i can or buy what i need. Actually, coinbase has really upped their game with safety. you can make paper wallets and they now whats called a vault, havent really looked at it, but it seems secure.. i dont know if they have implemented multi sig as that will be the future.

Bottom line, if you dont have a lot of coin, use coinbase or blockchain.info with their safety features, more than that get armory or a trezor.. cool device.. look it up..
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September 07, 2014, 09:04:15 PM
 #27

[...] Armory is the way to go, you have to have a ton of Ram but most computers these days already have a ton, but i think you need at least 6gb or more. [...]

Not any more. They fixed the RAM issue by Armory building it's own database of the blockchain data, which means you need double the amount of disk space. I.e. the blockchain data is now about 20 GB, so Armory will need 40 GB of disk space.

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September 07, 2014, 09:10:24 PM
 #28

Offline wallets are usualy the most secure. hiowever keeping large amount of money in any wallet is not recommended.
Bernard Lerring
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September 07, 2014, 09:46:05 PM
 #29

Anything wrong with using electrum inside a Virtual machine with as password protected wallet for spends?

I'm aware that malware can get through the host OS and into the virtualized environment but surely it would have to be a lot more specialised to do this, especially if you only run your VM to access electrum and shut it down staight after. That way, you're only exposing your wallet  few minutes a week or less.
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September 07, 2014, 10:11:24 PM
 #30

Armory is the best wallet if you consider its security, but has also some disvantages like the obligation to download the blockchain.
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September 07, 2014, 10:15:28 PM
 #31

[...] That way, you're only exposing your wallet  few minutes a week or less.

Doesn't matter how long or often you're exposed if you have some malware sitting there just waiting for it to happen.

It really all depends on your paranoia level. The more secure, the less convenient or "easy".

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September 07, 2014, 10:53:18 PM
 #32

What multisig hot wallets are available on the market,
 and which are considered most trusted? Thanks!

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September 08, 2014, 07:00:07 AM
 #33

What's the difference between offline & online wallet guys ?

For offline wallets like bitcoin-qt you need to download the whole blockchain but with online you don't.
For better understanding check this out. http://www.coindesk.com/information/how-to-store-your-bitcoins/
Here's all the wallets out there. https://bitcoin.org/en/choose-your-wallet

Thanks for this, I did not know how to make this safe. ^smile^

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September 08, 2014, 11:01:57 AM
 #34

I propose you to wear blockchain.info, excess wear this wallet include: having multiple security, can use google auntheticator, can wear a paper wallet in addition to security, could have more than bitcoin address, so I think blockchain.info a secure wallet for now ... hopefully ...  Tongue

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September 08, 2014, 12:26:22 PM
 #35

is it fine if I continue with blockchain.info ? 


Yes, I started with blockchains wallet and I'm still using it. In my opinion, one of the best wallets, secure and reliable. I suggest you to keep that one.


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matrix zion
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September 09, 2014, 11:35:23 AM
 #36

+1 for blockchain wallet. offers lots of useful features in an easy to use interface,
Haven’t heard any negatives so far about them.
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September 09, 2014, 12:04:39 PM
 #37

For newbies the most secure is blockchain.info, they care to secure your btc against hackers.
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September 11, 2014, 09:19:05 AM
 #38

Let me admit monitoring individual preference sent what to is not easy unless I'm missing newer and more effective feature.

I would not think I could convey a label close to a bitcoin payout address. But you can see your transaction history

and a minimum of mtgox continues to be through the whole security mess and learned from that.
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September 11, 2014, 09:23:37 AM
 #39

Get a fresh computer (or a VM), stay completely offline with it from start, install an OS, install a paper wallet generator (from USB), generate 1000 paper wallets (address + key pairs), save the pairs somewhere safe - print or usb (more copies the best), save the addresses only somewhere you can access daily and there you are: very safe.

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September 11, 2014, 01:35:37 PM
 #40

blockchain.info is the best web wallet IMO, but it is far from the "most secure wallet".
If you have a significant amount of bitcoin, you should keep 90% of it in your offline wallet, and just keep 10% in your blockchain.info wallet with 2FA for daily usage.

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