Hi all, are online wallets safe to use? maybe on a scale of 1-10 with 10 being the most safe
They're safe to use as long as you know how to keep them safe.It's not really wallets fault if someone hacks your computers and steals your password.If the hacker gets access to their database then it's a completely different scenario.Blockchain.info seems to be the best one around,don't use anything else.
I currently use blockchain.info as my wallet. However I want to get into trading so I'll be storing a couple of hundreds of dollars worth of bitcoin in my wallet. Would it be wise to keep using blockchain.info or should I use something else. What would you recommend? I don't think I would have a full bitcoin stored yet.
If you're trading on a particular exchange site,you rather use that website's online wallet with amounts needed for trade and not your entire savings.Don't trust any website with 100's of dollars.Use a desktop wallet.Use bitcoin-core or simply electrum.For daily basis usage,just keep refilling your blockchain.info wallet with coins through electrum.
Blockchain.info is far more secure than any other exchange site, but it's not ideal. They do give you access to your private keys and I don't think they have the right in terms and conditions to suspend your Bitcoin like Coinbase does. You can also get their browser extension. Still, you should never be comfortable storing more than ~1btc in an online wallet at any one time in case the service collapses because you're always reliant on a third party.