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1  Alternate cryptocurrencies / Altcoin Discussion / Re: What is Trust wallet and is it safe? on: November 18, 2022, 08:52:47 AM
I heard about https://play.google.com/store/apps/details?id=com.cropty.droid from my friend... I tried it and this is what I noticed:
https://play.google.com/store/apps/details?id=com.cropty.droid&referrer=utm_source%3Dwebapp
There is a custodial crypto wallet Cropty.com, really very suitable for beginners that allows not only sending and receiving coins easily, avoiding mistakes, as well as storing assets with military-level security, but it guides you through the crypto world and shows you all its advantages:
- restores access to funds if you forget the password.
- you can send tokens by mobile phone number, QR code, and even nickname! No more confusion with public addresses…
Cropty.com wallet (here is their website https://www.cropty.com/)
2  Bitcoin / Wallet software / Re: New crypto wallet Cropty (https://www.cropty.com/)? on: November 07, 2022, 02:52:51 PM
oh, I get it... it's really just custodial. but is it really that bad?
The advantage of this wallet, in general, is that there is technical support. that is, you won’t lose money here because you didn’t pay the gas as on a trust wallet, the transaction will not freeze ... The commission is charged in the same currency in that it is sent. So, you do not need to spend time tracking the balance of all currencies and looking at which one is better to send
3  Bitcoin / Wallet software / Re: New crypto wallet Cropty (https://www.cropty.com/)? on: November 07, 2022, 02:14:14 PM
So you say it's a decentralised custodial wallet... What benefit would it have from decentralisation if it's still custodial? The custodian could just as well rob the users, since he/she has access to the private key(s) anyways?

Eventough in theory, i guess a wallet could be custodial and decentralised at the same time, i just think all the benefits from decentralisation are being voided as soon as the private keys are also in the hands of a custodian. I don't think i have ever seen this combo before (usually a wallet is either custodial and centralised or non-custodial and decentralised), but i'm not saying that this combination is a good one... Personally i would never use a custodial wallet. Whenever i use an exchange my funds are in and out in the bare minimum of time it takes to get some confirmations, exchange and withdraw. I'm strongly against using custodial services (not your keys, not your coins).

The data is encrypted during transmission. Your data is transmitted over a secure connection.

You can request the deletion of data.

Data processing practices may vary depending on the app version, your region and age, and how you use the app.

The app claims to share data with third parties and asks for your consent in accordance with the user data policy.

The data is transferred to a third party as a result of the action of the user who understands that he is sharing it.
4  Bitcoin / Wallet software / Re: New crypto wallet Cropty (https://www.cropty.com/)? on: November 07, 2022, 01:51:14 PM
this isn't a hardware wallet... I haven't dug into the wallet itself, but i'm pretty sure it's just a centralised custodial wallet (how else would they restore your wallet if you forgot your password, let alone let you pay fees using different coins than the one you're sending).

Btw, isn't restoring wallets of people that forgot their password a huge security risk?

no, it's still a decentralized wallet, I checked.
they restore your wallet if you forgot your password using your phone number



Everyone here will and likely should be wary of new wallets (if you are the developer and don't get a lot of downloads quickly then they'll probably come if you make something people want and grow in trust).

At best it sounds like it's a service offering crypto exchange services without some additions (9% interest is quite high for defi too).

I'm guessing that wallet isn't custodial either if you can pay fees in the currency you're sending (so funds are spent from a pool of everyone's funds as apposed to individual private keys assigned to each user)?

This is an application for storing and transferring cryptocurrencies, the peculiarity of which is that its operator (custodian) manages the addresses of users or has access to their private keys.

My guess is that this wallet is custodial because you pay a fee in the currency you send so that funds are not spent from a pool of all funds, but from separate private keys that your operator manages, since he has access to your private keys initially
In addition, custodian customers are required to complete the identity verification (KYC) process.
5  Bitcoin / Wallet software / New crypto wallet Cropty (https://www.cropty.com/)? on: November 07, 2022, 01:24:59 PM
I heard about https://play.google.com/store/apps/details?id=com.cropty.droid from my friend... I tried it and this is what I noticed:
- it restores access to funds if you forget the password.
- you can send tokens by mobile phone number, QR code, and even nickname! No more confusion with public addresses…
- Cropty.com allows you to pay network fees in the currency you send. I mean when you send USDT through the Binance network, you don't need BNB, like in other wallets. Pay fees in USDT. There is no need to buy native tokens to pay fees – how do you think it’s useful?
- you can borrow USDT against your crypto instead of selling it. I managed borrowing at 9% APR and use funds any time I want
– I created also my own public page to receive donations by a link.
- about price alerts: If you set the token's target price app can notify you when it's reached
- Oh, it was nice that you can mark your favorite tokens and you will see them first in the tokens list.

I work in a team to search for new bundles, it seems like a really promising wallet. I advise you to download Roll Eyes
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