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Author Topic: Can I lose my coins by choosing wrong wallet?  (Read 3211 times)
zulfi125
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August 05, 2018, 06:05:00 AM
 #121

Yes, you can lose your coins by choosing wrong wallet, you should choose always well known wallet and avoid unknown wallet .

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kier010
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August 05, 2018, 06:08:36 AM
 #122

if they know the private key they can stole all your coins. before choosing better research well if they got a good review. it always better to go for trusted platform.
Emmaallen87
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August 05, 2018, 06:11:08 AM
 #123

It really depends on the wallet. There are some wallets that are made to scam people's money. You need to use a trusted and secure wallet. I wouldn't compromise my crypto using a newly launched wallet into crypto space. Do some research about it and the people behind working that wallet to secure your funds.
boyz97
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August 05, 2018, 06:13:51 AM
 #124

each wallet use its own system that has no compatibility to other coins or tokens.so if we send coins to wrong wallet, certainly our coins will disappear.and no way to get it back

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ZirconiumX
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August 05, 2018, 06:26:52 AM
 #125

Sure you can lose your coins if you choose wrong wallet or visit hackers site. More easier wallet for using - more risky for you,because many security walls are putted away,so you can be easily hacked.
Jaggi90
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August 05, 2018, 06:53:12 AM
 #126

This is unnecessary question to ask. Wrong wallet!! What are you asking my friend? Ofcousrse you will loose your all coins if you choose wrong wallet. You have to be careful , otherwise all your investment will become zero.
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August 05, 2018, 07:01:42 AM
 #127

Yes it can ! There is a possibility that we can lose our funds if we are not taking care the wallet that we are using to stock our funds with. I think it is better to choose wallet/s that requires code or confirmation before accessing transaction requests.

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Anubisi
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August 05, 2018, 07:11:36 AM
 #128

I don't know this, I have been using imtoken, and other wallets have not been used for a while. I think some new wallets are dangerous and I suggest you use a secure wallet.
yanglei504
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August 05, 2018, 07:21:04 AM
 #129

Yes many of my friends loose their token when they import their private key in other wallet and that makes me curious if there's a inside job happening to third party wallets. That's why I am using only myetherwallet when I'm accessing my wallet for safety purposes but the best wallet is hardware wallet when in comes in safety.
zininaks
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August 05, 2018, 07:25:39 AM
 #130

Many users prefer to store currency in their” own " wallets, which can be divided into two types: online and offline (desktop, hardware and paper). Using an online wallet is no safer than storing assets in an exchange wallet: you trust a private key to a third party and do not control it. The most reliable are hardware crypto wallets, which are a physical device that generates and stores an nonremovable private key in its memory. During the transaction, all the necessary operations take place inside the wallet, and only an electronic signature is issued outside.
Applechild
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August 05, 2018, 07:33:07 AM
 #131

I know that some platform do come up with their own wallets and it has been great. regardless of the wallets though, the coin or token pertaining to such wallets may still need to be transfer to either the exchange platforms they are listed on or ether wallets at the end of the day. I am yet to come across a replacement wallets for bitcoin, ether, wave etc. so i suggest that you do a little more digging deep to know what the wallet is all about and testimony of those who have successfully used the wallet. without doing so and getting evidence please dont trust anyone with your coin.
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August 05, 2018, 07:36:42 AM
 #132

Every coin has its own compatible wallet with which it supports. You cannot send BTC to an ERC based wallet. It is very necessary to know which wallet you choose for a particular coin. Moreover, with the ERC based coins, a lot of wallets have been generated in recent times but remember, not all wallets are worth keeping your coins. For ERC coins, the best wallet is "myetherwallet".

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August 05, 2018, 07:37:44 AM
 #133

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


The answer is a BIG YES. For us people living with crypto or crypto is already part of our lives, it is important to carefully choose our wallet to use and of course exchangers. We are prone to hackers so one wrong move, they can get our address or worst our private keys and transfer our coin. If that happened it is impossible to bring back those coins.

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icalical
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August 05, 2018, 08:15:20 AM
 #134

yeah definitely, some wallets are secure but some other are not, their security are weak, so many bugs and easy to be hacked, most of wallet have ANN thread in Bitcointalk, and of course their user will left feedback or some   testimonials on their thread. Read thoroughly on  there, better spend some time than regret your decision. For bitcoin wallet I usually use Electrum and Ether I use Trust, I have used them for more than 2 years and have no problem at all.

KobbyC
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August 05, 2018, 08:23:30 AM
 #135

I will never opt for a new wallet if the old has got nothing wrong. Just do your best not to share your private keys with anyone, not even the admins if they ask you to do so.
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August 05, 2018, 10:08:51 AM
 #136

May be you lose your coins so always use trusted and old wallet and don't try new attractive programs.

Kolikalex55
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August 05, 2018, 04:48:03 PM
 #137

Yes, you can lose coins and you need to choose the right wallets ! It is best to create a wallet and not enter it ! Only on rare occasions !

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August 05, 2018, 07:39:25 PM
 #138

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

Yes, there are many chances that you can easily lose all your coins if you choose the wrong wallet or any kind of wrong things doing here on the temple. Actually every tokens has same big number of value behind it even apart from the saving value which determines the value of coin  if you  go for selling it on the streets, which is ok if you are selling it for some good and emergency cause.

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August 08, 2018, 03:18:23 AM
 #139

Actually, you can loose your coin by choosing the wrong wallet,sharing you private key...  but why need of new wallet, I prefer using my old wallet
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August 10, 2018, 06:38:47 AM
 #140

Well you have to be more careful while choosing new wallets because there are so many new phishing wallets are there through which you can loose your whole money. So I think existing wallet are good one and be careful while choosing new wallet in the market.
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