April 3, 2026

Capitalizations Index – B ∞/21M

Re: Recommended to Use Web Wallet for Bitcoin?

Re: Recommended to Use Web Wallet for Bitcoin?

You don’t control your private keys and you share them with a third party. Meaning the coins stored on a web wallet aren’t yours.
Yes it’s unsafe and not just from a hacking point of view.
If the service goes down or they decide to lock your account, you can’t do anything.

So should use a offline/desktop based one instead?

(Why?)

Published at Sun, 19 Feb 2017 00:05:40 +0000

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