EWallet - Revision history

Casascius: Redirected page to Browser-based wallet

2011-04-18T21:41:47Z

← Older revision		Revision as of 21:41, 18 April 2011
Line 1:		Line 1:
	~~An eWallet is an online account with an external provider where bitcoins can be stored. Examples include accounts on currency exchange~~ [[~~:Category:Markets\|Markets]], online [[:Category:Services\|Services]] and with ecommerce transaction processors such as [[MyBitcoin]].~~		#REDIRECT [[Browser-based wallet]]

	~~==Benefits==~~
	* Use of an eWallet provider may help improvide [[anonymity]].
	* An account with an eWallet provider can generally be established in just minutes.
	* Some bitcoin users store some or all of their bitcoins in an eWallet to avoid having to worry about keeping a local wallet [[Securing_your_wallet\|secure]].

	~~==Risks==~~

	~~When bitcoins are stored online the ewallet provider retains full control of those amounts.~~

	* If a payment is made from an eWallet, the transaction's "from" [[address]] is an address for the eWallet provider and not an address reserved specifically for the sender. Thus if the recipient were to "return" any bitcoins to the same address they were sent from, the sender would not receive those bitcoins.

	* Not all ewallet providers reserve a bitcoin address for the account holder indefinitely. Bitcoin addresses generally work best when one is assign for each use. There is the risk of showing an address from an ewallet provider in a directory or on a web page (for donations, as an example) as there is the possibility that at the future date when those bitcoins are sent that the intended recipient still has the ewallet account. The same concern applies should the eWallet provider cease operations.

	* There is no guarantee that the amount of bitcoins showing for the account holder's balance are truly being held in reserve by the ewallet provider.
	** Some providers describe their reserve policy in their terms of service (TOS). For example, [http://www.mybitcoin.com/legal/terms.php MyBitcoin's TOS] states:
	:: <tt>6. OBLIGATIONS OF MYBITCOIN LLC<br>6.1 MYBITCOIN LLC will ensure that for all Bitcoins in circulation in the MyBitcoin System there is at all times an identical quantity of unencumbered Bitcoins held in MYBITCOIN LLC's master Bitcoin wallet~~.</tt>~~

	* Transactions to a Bitcoin address from the same eWallet provider are completed internally and will not be processed on the Bitcoin P2P network. Auditing tools such as the [[Block Explorer]] will not show any activity for this transaction. Thus the sender cannot prove that an amount of Bitcoins was truly sent to that Bitcoin address.
	** Some eWallet providers allow amounts below 0.01 BTC to be sent if the transaction is to another account holder on the same service. This allows an inexpensive and immediate method to detect if the recipient is using the same eWallet provider. For example, MyBitcoin will report an error when attempting to send an amount smaller than 0.01 BTC to a Bitcoin address that is not for another MyBitcoin account:
	~~:: <tt>Payment amount is too small for a Bitcoin P2P payment! Try a BC0.01 or higher!</tt>~~

	* The eWallet provider's security may be vulnerable to loss or theft as well.

	~~==See Also==~~

	* [[Buying bitcoins]]
	* [[Selling bitcoins]]
	* [[Bitcoin faucet]]
	* List of [[:Category:eWallets\|eWallets]]

Sgornick: /* Risks */ Add mention of the risk to using a bitcoin address for an ewallet account under different scenarios.

2011-04-11T18:22:45Z

Risks: Add mention of the risk to using a bitcoin address for an ewallet account under different scenarios.

← Older revision		Revision as of 18:22, 11 April 2011
Line 11:		Line 11:

	* If a payment is made from an eWallet, the transaction's "from" [[address]] is an address for the eWallet provider and not an address reserved specifically for the sender. Thus if the recipient were to "return" any bitcoins to the same address they were sent from, the sender would not receive those bitcoins.		* If a payment is made from an eWallet, the transaction's "from" [[address]] is an address for the eWallet provider and not an address reserved specifically for the sender. Thus if the recipient were to "return" any bitcoins to the same address they were sent from, the sender would not receive those bitcoins.

			* Not all ewallet providers reserve a bitcoin address for the account holder indefinitely. Bitcoin addresses generally work best when one is assign for each use. There is the risk of showing an address from an ewallet provider in a directory or on a web page (for donations, as an example) as there is the possibility that at the future date when those bitcoins are sent that the intended recipient still has the ewallet account. The same concern applies should the eWallet provider cease operations.

	* There is no guarantee that the amount of bitcoins showing for the account holder's balance are truly being held in reserve by the ewallet provider.		* There is no guarantee that the amount of bitcoins showing for the account holder's balance are truly being held in reserve by the ewallet provider.

Sgornick: /* See Also */ Add entry for Selling bitcoins as a complement to the Buying bitcoins entry.

2011-03-23T18:45:54Z

See Also: Add entry for Selling bitcoins as a complement to the Buying bitcoins entry.

← Older revision		Revision as of 18:45, 23 March 2011
Line 25:		Line 25:

	* [[Buying bitcoins]]		* [[Buying bitcoins]]
			* [[Selling bitcoins]]
	* [[Bitcoin faucet]]		* [[Bitcoin faucet]]
	* List of [[:Category:eWallets\|eWallets]]		* List of [[:Category:eWallets\|eWallets]]

Sgornick: /* See also */ Add to Seel Also section entries for Bitcoin Faucet and Buying Bitcoins articles.

2011-02-12T07:42:53Z

See also: Add to Seel Also section entries for Bitcoin Faucet and Buying Bitcoins articles.

← Older revision		Revision as of 07:42, 12 February 2011
Line 22:		Line 22:
	* The eWallet provider's security may be vulnerable to loss or theft as well.		* The eWallet provider's security may be vulnerable to loss or theft as well.

	==See ~~also~~==		==See Also==
	List of [[:Category:eWallets\|eWallets]]
			* [[Buying bitcoins]]
			* [[Bitcoin faucet]]
			* List of [[:Category:eWallets\|eWallets]]

Sgornick: /* Risks */ Readbility.

2011-02-06T02:03:32Z

Risks: Readbility.

← Older revision		Revision as of 02:03, 6 February 2011
Line 10:		Line 10:
	When bitcoins are stored online the ewallet provider retains full control of those amounts.		When bitcoins are stored online the ewallet provider retains full control of those amounts.

	* If a payment is made from an eWallet, the transaction's "from" [[address]] is the eWallet~~'s address~~ and not an address reserved for the sender. Thus if the recipient were to "return" any bitcoins to the same address they were sent from, the sender would not receive those bitcoins.		* If a payment is made from an eWallet, the transaction's "from" [[address]] is an address for the eWallet provider and not an address reserved specifically for the sender. Thus if the recipient were to "return" any bitcoins to the same address they were sent from, the sender would not receive those bitcoins.

	* There is no guarantee that the amount of bitcoins showing for the account holder's balance are truly being held in reserve by the ewallet provider.		* There is no guarantee that the amount of bitcoins showing for the account holder's balance are truly being held in reserve by the ewallet provider.

Sgornick: /* Risks */ Add link to article for Address.

2011-02-06T02:02:34Z

Risks: Add link to article for Address.

← Older revision		Revision as of 02:02, 6 February 2011
Line 10:		Line 10:
	When bitcoins are stored online the ewallet provider retains full control of those amounts.		When bitcoins are stored online the ewallet provider retains full control of those amounts.

	* If a payment is made from an eWallet, the ~~sender~~'s address is the eWallet's address and not an address reserved for the sender. Thus if the recipient were to "return" any bitcoins to the same address they were sent from, the sender would not receive those bitcoins.		* If a payment is made from an eWallet, the transaction's "from" [[address]] is the eWallet's address and not an address reserved for the sender. Thus if the recipient were to "return" any bitcoins to the same address they were sent from, the sender would not receive those bitcoins.

	* There is no guarantee that the amount of bitcoins showing for the account holder's balance are truly being held in reserve by the ewallet provider.		* There is no guarantee that the amount of bitcoins showing for the account holder's balance are truly being held in reserve by the ewallet provider.

Sgornick: /* Risks */ Add "return to sender" failure.

2011-02-06T02:01:24Z

Risks: Add "return to sender" failure.

← Older revision		Revision as of 02:01, 6 February 2011
Line 9:		Line 9:

	When bitcoins are stored online the ewallet provider retains full control of those amounts.		When bitcoins are stored online the ewallet provider retains full control of those amounts.

			* If a payment is made from an eWallet, the sender's address is the eWallet's address and not an address reserved for the sender. Thus if the recipient were to "return" any bitcoins to the same address they were sent from, the sender would not receive those bitcoins.

	* There is no guarantee that the amount of bitcoins showing for the account holder's balance are truly being held in reserve by the ewallet provider.		* There is no guarantee that the amount of bitcoins showing for the account holder's balance are truly being held in reserve by the ewallet provider.

Sgornick: Add see also section with link to list of eWallets.

2011-01-14T07:10:33Z

Add see also section with link to list of eWallets.

← Older revision		Revision as of 07:10, 14 January 2011
Line 19:		Line 19:

	* The eWallet provider's security may be vulnerable to loss or theft as well.		* The eWallet provider's security may be vulnerable to loss or theft as well.

			==See also==
			List of [[:Category:eWallets\|eWallets]]

Sgornick: /* Risks */ Add loss as a risk, and capitalization fix.

2011-01-14T06:59:50Z

Risks: Add loss as a risk, and capitalization fix.

← Older revision		Revision as of 06:59, 14 January 2011
Line 18:		Line 18:
	:: <tt>Payment amount is too small for a Bitcoin P2P payment! Try a BC0.01 or higher!</tt>		:: <tt>Payment amount is too small for a Bitcoin P2P payment! Try a BC0.01 or higher!</tt>

	* The ~~ewallet~~ provider's security may be vulnerable to theft as well.		* The eWallet provider's security may be vulnerable to loss or theft as well.

Sgornick: Fix link for category services.

2011-01-14T06:58:38Z

Fix link for category services.

← Older revision		Revision as of 06:58, 14 January 2011
Line 1:		Line 1:
	An eWallet is an online account with an external provider where bitcoins can be stored. Examples include accounts on currency exchange [[:Category:Markets\|Markets]], online [[:Category:Services]] and with ecommerce transaction processors such as [[MyBitcoin]].		An eWallet is an online account with an external provider where bitcoins can be stored. Examples include accounts on currency exchange [[:Category:Markets\|Markets]], online [[:Category:Services\|Services]] and with ecommerce transaction processors such as [[MyBitcoin]].

	==Benefits==		==Benefits==