Post
Topic
Board Web Wallets
Re: How safe is blockchain online wallet?
by
Perryl
on 15/04/2017, 07:23:51 UTC
Ever since I ventured into the bitcoin world, i've been using the blockchain.info online wallet and it hasn't really been a pleasant ride. I have had several cases of my bitcoin being transferred to the wrong address. My most recent issue is my bitcoin simply vanishing... Not a trace! Not even in my transaction history.

I try to keep all my passwords hidden, enabled 2-factor authentication, and this still happens.

Is there something i'm doing wrong or is blockchain.info not just a secure wallet.

Has anybody experienced anything similar?

I have been using their web-wallet for 3 years and have only had a single issue. I have done hundreds, maybe thousands of transactions. The only issue I ever ended up having is when they updated the system and one of my old wallet addresses ended up with an error I don't really know anything about. 9 dollars worth of Bitcoin can't be moved out because of "too many unspent outputs" or something like that.

If you're having this many issues with it then you should probably switch to the Bitcoin Core wallet. It might be a huge download, but it's completely under your control and you won't have these issues unless these issues are user error.

For Bitcoin to be transferred to the wrong address is pretty unusual. I possess hundreds of different cryptos and have only experienced this when my coin ended up on the wrong chain. Even still, it went to the correct address, but on the wrong chain. I've never had Bitcoin just vanish. With 2FA it's unlikely your account is being compromised, but still possible if they have access through recovery, or if you have a RAT, I suppose. If you can remember your password then it's not secure enough. Unless you're Aida.

It sounds like you're doing something wrong, but I don't know. You could have malware too, I suppose. I'm assuming you've ruled that out already, but if not, might be worth looking into.