Thread: Best online wallet when receiving Bitcoin regularly?

So I have a Blockchain account and I'm curious how safe/secure it is when it comes to holding onto funds for extended periods of time? Also when receiving funds is their a problem with using the same wallet or are multiple wallets better?

My woman does online coaching/training and lots of people wish to pay via bitcoin so just trying to help her figure this shit out properly.

Thanks a bunch

Are you planning to HODL onto them for a while? If so, I would receive through the Blockchain wallet, but then look into an offline storage device like the Trezor or Nano Ledger.

Once you accumlate a decent amount that you don't feel comfortable keeping in blockchain, send them to the offline storage device and keep that locked in a vault or something of that nature. Then you know your shit will never get hacked.

Originally Posted by Xtreme4Life

Are you planning to HODL onto them for a while? If so, I would receive through the Blockchain wallet, but then look into an offline storage device like the Trezor or Nano Ledger.

Once you accumlate a decent amount that you don't feel comfortable keeping in blockchain, send them to the offline storage device and keep that locked in a vault or something of that nature. Then you know your shit will never get hacked.

We will for sure toss some into a hard storage for down the road, but most will be cashed out weekly at local ATM's. If cashing out at an ATM isn't anonymous then we will just dump into her bank account when needed.

I guess most people just use blockchain to receive quick and then transfer to something more secure eh!? How risky is it to keep a few grand worth in a blockchain wallet?

Thanks

If you have all the available security features that Blockchain offers enabled you'll more than likely be just fine. My rule of thumb is, no online wallet is 100% secure - if there's enough money in an online wallet that you're going to be hurting if it disappears, move it offline. Plus, it's actually really quick and easy to use an offline device once you get the hang of it. You can even set it up to use it from your phone.

Originally Posted by Xtreme4Life

If you have all the available security features that Blockchain offers enabled you'll more than likely be just fine. My rule of thumb is, no online wallet is 100% secure - if there's enough money in an online wallet that you're going to be hurting if it disappears, move it offline. Plus, it's actually really quick and easy to use an offline device once you get the hang of it. You can even set it up to use it from your phone.

^^^^
he knows whats up, Ledger is what i have, did any one buy the dip? i pick up 2 NEO, 153 NCASH, 150 TRX.

I use Exodus...its a computer based wallet...so its actually sitting on your computer...I love it