Can I lose my coins by choosing wrong wallet?

[Shaminyue]

Hi everyone, I found a service announcement of new wallet platform few days ago in our forum.
Their introduction and vision stated in the post seems to be great and it also attracts me a lot.
However, I still wonder whether I can trust that new wallet.
Can I lose my coins by choosing wrong wallet or they can never stole any coin because they just provide wallet service only?

Please help me if you have experience in this field. Thank you.
This is the link to the wallet that I mentioned: https://bitcointalk.org/index.php?topic=4582763.msg41338130#msg41338130

[1714525264]

1714525264

[1714525264]

1714525264

[1714525264]

1714525264

[quarkyplum]

If you want your coin will be listed in our system, this time you can send us an email to support@bitbibe.io and we will review it, also we will have a coin request system soon.
[/quote]

Have you tried to send email to support of bitbibe.io? Beside what coin did you sent to this new wallet? Why don't you use old wallet? Sometime new wallet is not well as old one .

Hope that you can take your cryptocurrency back and this will be a really expensive lesson for you . Before transferring you should check to see if they can store cryptocurrecy which you're going to transfer first. That's all

[NeuroticFish]

Can I lose my coins by choosing wrong wallet or they can never stole any coin because they just provide wallet service only?

The rule for any coin is that if anybody else gets access to your private key(s) can steal your money.
The private key is the "thing" that makes the blockchain recognize the rightful owner of the money and will allow the user to spend.
Like almost everything in IT, the private key can be copied and both you and the "hacker" will have the key. The first one that spend the money "wins".

Now, a wallet normally has access to the private keys to allow you to spend. If the ones that have built the wallet had bad intentions, the private keys will be sent over the internet to them.
That's why I recommend only wallets with source code people can review, wallets already proven to be legit.


Edit: TL;DR; Yes, you can. Easily.

[desciglio2]

You have to be very careful with these subjects. I think the existing wallets are very safe.
If you are looking for a new wallet, be very careful against fraud.

[aldrin6697]

Yes there are a lot of phishing wallets out there, make sure of the wallet you want to use. We cant afford to lose hard earned money here.

[chillitabit]

Hi everyone, I found a service announcement of new wallet platform few days ago in our forum.
Their introduction and vision stated in the post seems to be great and it also attracts me a lot.
However, I still wonder whether I can trust that new wallet.
Can I lose my coins by choosing wrong wallet or they can never stole any coin because they just provide wallet service only?

Please help me if you have experience in this field. Thank you.
This is the link to the wallet that I mentioned: https://bitcointalk.org/index.php?topic=4582763.msg41338130#msg41338130

in generally, you surely can lose the money by choosing the wrong wallet. Especially those who have access to your private key. Make sure to use open source wallets that are already tested by community

[o2FkINEnvious]

You just need to make sure that you own the private key to that wallet.
Think of it like post boxes public keys are the number box it is and private keys open the box, each box number is different each private key is different.
you should never share private keys with anyone and don't store them on your computer

[Nalbo]

There are many things to consider.
They might be a total scam wallet which takes any coin deposited.
They might have a poor security resulting in loss of your coin.
They might not be secure and it might be easier to phis your private keys.
They might charge you insane transaction fees like freewallet.

[Salloystic]

See, wallet is not you can take for granted. Your wallet is very crucial to you. Wrong wallet? If you choose wrong wallet, there is tendency that you lose your coin when it is being shared.  Take a good care of your wallet and most especially, your wallet private key

[Orrechorre]

Hi everyone, I found a service announcement of new wallet platform few days ago in our forum.
Their introduction and vision stated in the post seems to be great and it also attracts me a lot.
However, I still wonder whether I can trust that new wallet.
Can I lose my coins by choosing wrong wallet or they can never stole any coin because they just provide wallet service only?

Please help me if you have experience in this field. Thank you.
This is the link to the wallet that I mentioned: https://bitcointalk.org/index.php?topic=4582763.msg41338130#msg41338130

in generally, you surely can lose the money by choosing the wrong wallet. Especially those who have access to your private key. Make sure to use open source wallets that are already tested by community

I also agree with your suggestion because choosing a wrong wallet cam make you loose your token and it might even be a way to disclose your private key to hackers, be very sure that the wallet is a good one before you decide to keep your funds in it and keep your private key.

[qazgroup]

I would suggest you to stick with the original and authentic wallets, most of new or unknown wallets that pop up seem to have trouble operating with different coins/ tokens also they can close their service anytime due to no or low profit so stick to the right wallets only.

[Mr_know_it_all000]

make a lot of research before changing your wallet mate...

[jhache]

There are few rules to follow when it comes to wallets. Try not to download a wallet by searching on Google. As many wallets are malwares and are going to steal your coins. Only download wallets from the official website. And also try to avoid wallets which are new or still in the beta phase.

[EHT7500]

Hi everyone, I found a service announcement of new wallet platform few days ago in our forum.
Their introduction and vision stated in the post seems to be great and it also attracts me a lot.
However, I still wonder whether I can trust that new wallet.
Can I lose my coins by choosing wrong wallet or they can never stole any coin because they just provide wallet service only?

Please help me if you have experience in this field. Thank you.
This is the link to the wallet that I mentioned: https://bitcointalk.org/index.php?topic=4582763.msg41338130#msg41338130

I'm surprised by your question. Do not you have enough wallets that have already shown themselves on the good side. You do not work with myetherwallet? You need risk, experiments, are not you happy with what you have? Or do you want to save 0.01% of your small translations? Why my questions, You have the desire to experiment - well done!

[Mianae]

I would like to know if the wallet is widely being used by people or is just a total new wallet? If it is a new wallet, kindly check the cons and pros before you decide to use it. You can lose your funds by choosing the wrong wallet just think of it like sending wrong transaction to a wrong wallet address that ends your possession of such tokens. Be safe out there.

[Stavri]

it is possible. most important thing is the computer you use. it should be totally clean, not infected by anything like virus or any trojan. you shouldnt connect to public wifi lines with that computer too.

[auroboros]

It may happen and you will lose your coin if you send it wrong on a wallet that does not support your coin, for example you send a coin on a wallet that only support erc20, then automatically, your coin will never get to the destination wallet and is lost forever

[lifesgood10]

Hi everyone, I found a service announcement of new wallet platform few days ago in our forum.
Their introduction and vision stated in the post seems to be great and it also attracts me a lot.
However, I still wonder whether I can trust that new wallet.
Can I lose my coins by choosing wrong wallet or they can never stole any coin because they just provide wallet service only?

Please help me if you have experience in this field. Thank you.
This is the link to the wallet that I mentioned: https://bitcointalk.org/index.php?topic=4582763.msg41338130#msg41338130

I think this question is bizarre, because as a trader, you need to read through every information of every exchange site before venturing into.
For Huobi,hitbtc, and some other exchange sites once you send a token to the wrong wallet, that is the end of such token, if you send below minimum value required that is the end of such token.
So you need to figure out your priority and be smart.
Don't ask questions to increase your post count

you know that once you send a token to a wrong exchange account, the token is gone.

[jacafbiz]

You can lose everything picking a wrong wallet, especially the online wallet. For me try to get hard wallet if those tokens of yours are supported by it, but the issue with Hard wallet is that most of these new blockchains are not on it, even some wallet do contain viruses that would still information from your system

[kinki32]

Keep your money only in hardware wallets or paperwallets otherwise you can be hacked and loss your money. A worth wallets - Ledger Nano S , KeepKey , Trezor