Blockchain vs Electrum

[viking02]

Both of these are downloaded to my computer and i set everything up.  However still bit hesistant on which to choose to receive my bitcoins.  From what i read blockchain is very safe and so is electrum.  The big issue is i read blockchain is online so if anything happens to it, ppl can lose their bitcoins.  If thats the case, isn't it going to be everyone with bitcoins on blockchain then or it could be a select few?


I read electrum is better since its on your computer and you control everything.  However... i just noticed i was never asked for 2 FA on electrum compared to blockchain.  Is there a reason for this?  Why is there no 2 FA for electrum?


Also i read that blockchain is better because even if something happens to your computer, as long as you have the backup 12 word phrase you are fine.  But electrum i read is the same thing.  So is there any difference between this?  I know as long you remember your password you would be fine with either but with electrum... you would have to remember the 12 word phrase but blockchain as long as you have the password, that is always enough and of course as long as you have your iphone with google authenicator? 

[dsly]

Isn't blockchain an online wallet ?  and Electrum the download one ?

[redsn0w]

Both of these are downloaded to my computer and i set everything up.  However still bit hesistant on which to choose to receive my bitcoins.  From what i read blockchain is very safe and so is electrum.  The big issue is i read blockchain is online so if anything happens to it, ppl can lose their bitcoins.  If thats the case, isn't it going to be everyone with bitcoins on blockchain then or it could be a select few?


I read electrum is better since its on your computer and you control everything.  However... i just noticed i was never asked for 2 FA on electrum compared to blockchain.  Is there a reason for this?  Why is there no 2 FA for electrum?


Also i read that blockchain is better because even if something happens to your computer, as long as you have the backup 12 word phrase you are fine.  But electrum i read is the same thing.  So is there any difference between this?  I know as long you remember your password you would be fine with either but with electrum... you would have to remember the 12 word phrase but blockchain as long as you have the password, that is always enough and of course as long as you have your iphone with google authenicator? 

Isn't blockchain an online wallet ?  and Electrum the download one ?

Are you talking about blockchain.info ? I don't suggest it... instead it is better greenAddress.it (multiSig + 2FA+ istant confirm). What do you want more? However also electrum it is a good desktop wallet.

[viking02]

Both of these are downloaded to my computer and i set everything up.  However still bit hesistant on which to choose to receive my bitcoins.  From what i read blockchain is very safe and so is electrum.  The big issue is i read blockchain is online so if anything happens to it, ppl can lose their bitcoins.  If thats the case, isn't it going to be everyone with bitcoins on blockchain then or it could be a select few?


I read electrum is better since its on your computer and you control everything.  However... i just noticed i was never asked for 2 FA on electrum compared to blockchain.  Is there a reason for this?  Why is there no 2 FA for electrum?


Also i read that blockchain is better because even if something happens to your computer, as long as you have the backup 12 word phrase you are fine.  But electrum i read is the same thing.  So is there any difference between this?  I know as long you remember your password you would be fine with either but with electrum... you would have to remember the 12 word phrase but blockchain as long as you have the password, that is always enough and of course as long as you have your iphone with google authenicator? 

Isn't blockchain an online wallet ?  and Electrum the download one ?

Are you talking about blockchain.info ? I don't suggest it... instead it is better greenAddress.it (multiSig + 2FA+ istant confirm). What do you want more? However also electrum it is a good desktop wallet.

Im talking about going from coinbase to blockchain when sending bitcoins.  So is that the blockchain.info?  When i mention blockchain in this site or other sites, everyone knows what im talking about.  So i assume its blockchain.info then? 


Yes i downloaded electrum but one fear of mine is if my computer goes corrupt or some thing like that happens.  I know as long as you have the 12 word phrase with you, its fine but that still pretty scary if the client or my computer has problems etc and thats why i want to just go with blockchain instead since as long as you have the password its fine.  Also it requires 2 FA whereas electrum doesn't.  So if someone has access to your computer... then obviously electrum isn't that safe then right compared to blockchain?

[redsn0w]

Im talking about going from coinbase to blockchain when sending bitcoins.  So is that the blockchain.info?  When i mention blockchain in this site or other sites, everyone knows what im talking about.  So i assume its blockchain.info then? 


Yes i downloaded electrum but one fear of mine is if my computer goes corrupt or some thing like that happens.  I know as long as you have the 12 word phrase with you, its fine but that still pretty scary if the client or my computer has problems etc and thats why i want to just go with blockchain instead since as long as you have the password its fine.  Also it requires 2 FA whereas electrum doesn't.  So if someone has access to your computer... then obviously electrum isn't that safe then right compared to blockchain?

Also electrum use a password for every thing you will do ( send a payment, see the private key of an address , etc...). However I suggest you to use electrum, blockchain.info is not a good wallet.

If you want you can also use greenAddress ( with a second level of security "multi signature address").

[viking02]

Also i read ppl say well blockchain isn't that safe b/c its an online wallet and if some hacker hacks bitcoin, u lose your bitcoin. But wouldn't it be many blockchain users though and thus it would be a huge thing? Does anyone think something like this could happen? Im thinking since it still hasn't happened now, i assume it probably won't? How many cases have there been when some big online wallet like blockchain got hacked by hackers and then ppl with bitcoins there all got it taken? I believe there was one called Mov'Gov ... something to that name?


But some ppl here say its safe to keep any amount of btc there b/c if you feel funds in your online sportsbooks account are safe... then blockchain is even safer. I would like know if anyone agrees with that last statement.

[s1ng]

I sticked into blockchain since this wallet is easy to use and can be access everywhere.

About Electrum , I kindda troublesome since It can be use once you've download it.
It means only that device can access the electrum wallet

[pooya87]

Also i read ppl say well blockchain isn't that safe b/c its an online wallet and if some hacker hacks bitcoin, u lose your bitcoin. But wouldn't it be many blockchain users though and thus it would be a huge thing? Does anyone think something like this could happen? Im thinking since it still hasn't happened now, i assume it probably won't? How many cases have there been when some big online wallet like blockchain got hacked by hackers and then ppl with bitcoins there all got it taken? I believe there was one called Mov'Gov ... something to that name?


But some ppl here say its safe to keep any amount of btc there b/c if you feel funds in your online sportsbooks account are safe... then blockchain is even safer. I would like know if anyone agrees with that last statement.

you can always check these things youself. just search something like "losing bitcoin on bclockchain.info" "or lost bitcoin on Electrum"
and most importantly when you find results from your search, read WHY they lost their bitcoin

[Akbarkoe]

do you like an online wallet?
to use an online wallet  use blokchain

[Banjiro]

do you like an online wallet?
to use an online wallet  use blokchain

its not safe for online wallet
if you safe your bitcoin donwnload wallet bitcoin.

[Herbert2020]

if by blockchain you mean blockchain.info the online wallet, it is a good wallet just remember to keep your high amounts in cold wallet also enable 2FA on that
also you can use Electrum or multibit they are desktop wallet and lightweight

[avatar_kiyoshi]

Both of these are downloaded to my computer and i set everything up.  However still bit hesistant on which to choose to receive my bitcoins.  From what i read blockchain is very safe and so is electrum.  The big issue is i read blockchain is online so if anything happens to it, ppl can lose their bitcoins.  If thats the case, isn't it going to be everyone with bitcoins on blockchain then or it could be a select few?


I read electrum is better since its on your computer and you control everything.  However... i just noticed i was never asked for 2 FA on electrum compared to blockchain.  Is there a reason for this?  Why is there no 2 FA for electrum?


Also i read that blockchain is better because even if something happens to your computer, as long as you have the backup 12 word phrase you are fine.  But electrum i read is the same thing.  So is there any difference between this?  I know as long you remember your password you would be fine with either but with electrum... you would have to remember the 12 word phrase but blockchain as long as you have the password, that is always enough and of course as long as you have your iphone with google authenicator? 

I personally, choose electrum, i think dont need 2FA for electrum because there are word phrase and you will be fine, you can back up and save private key.
i dont know if bci now have a nice security, i tired use bci, and they're delisted on bitcoin.org : https://bitcoin.org/en/choose-your-wallet (no blockchain.info).

[bitwarrior]

I personally used blockchain.info as my ready to go wallet, anywhere you can access it and its secure too.
But if your holding lots of bitcoins you might try to put them on another wallet where it can be only access on one device like electrum for a long term safe keeping.

[jjacob]

Yes i downloaded electrum but one fear of mine is if my computer goes corrupt or some thing like that happens.  I know as long as you have the 12 word phrase with you, its fine but that still pretty scary if the client or my computer has problems etc and thats why i want to just go with blockchain instead since as long as you have the password its fine.  Also it requires 2 FA whereas electrum doesn't.  So if someone has access to your computer... then obviously electrum isn't that safe then right compared to blockchain?

If your computer gets corrupted, you can still reinstall electrum and restore your wallet, if you have the 12 word seed.
The wallet on electrum can be encrypted with a password. So if somebody has access to your computer, he would still need the password to steal your coins.

[bitbaby]

-snip-

Are you talking about blockchain.info ? I don't suggest it... instead it is better greenAddress.it (multiSig + 2FA+ istant confirm). What do you want more? However also electrum it is a good desktop wallet.

Isn't greenaddress in the end just like another on-line wallet? I don't know much about it. Does the user gets his private keys? How is it more secured than blockchain?

[viking02]

What is the master public key on electrum?  I just noticed this.  Do i need to have this written down?

[viking02]

can someone answer the question about master key on electrum and do i need to write it down?

[ranochigo]

-snip-

Are you talking about blockchain.info ? I don't suggest it... instead it is better greenAddress.it (multiSig + 2FA+ istant confirm). What do you want more? However also electrum it is a good desktop wallet.

Isn't greenaddress in the end just like another on-line wallet? I don't know much about it. Does the user gets his private keys? How is it more secured than blockchain?

It's really just your preference, however, greenaddress does offer better security and features. Greenaddress allows you to setup a transaction limit and will limit your transaction volume. If your account gets hacked, the hacker will not be able to make more transaction than what you specified. Also, blockchain.info has some security holes before.

[redsn0w]

-snip-

Are you talking about blockchain.info ? I don't suggest it... instead it is better greenAddress.it (multiSig + 2FA+ istant confirm). What do you want more? However also electrum it is a good desktop wallet.

Isn't greenaddress in the end just like another on-line wallet? I don't know much about it. Does the user gets his private keys? How is it more secured than blockchain?

It's really just your preference, however, greenaddress does offer better security and features. Greenaddress allows you to setup a transaction limit and will limit your transaction volume. If your account gets hacked, the hacker will not be able to make more transaction than what you specified. Also, blockchain.info has some security holes before.

Yes, it is 100 time more secure than blockchain.info - check the greenAddress official thread here in the forum : https://bitcointalk.org/index.php?topic=521988.0

[AtheistAKASaneBrain]

Any of the wallets its secure within itself. Even if you have a wallet in blockchain.info without 2FA address etc.. if you have a decent password and you don't get hacked, the coins will be safe.