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Author Topic: Warning to all newbies concerning wallets  (Read 604 times)
joseyphil82 (OP)
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December 20, 2018, 03:53:00 AM
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 #1

Newbies should start realizing what "wallet" means and when businesses are using the term to fool people into giving up their keys .I got the info on web today about "free wallet" freewallet  is all in one cryptocurrency wallets available on playstore for android devices that doesn't has private keys,please stay away from such wallets ,YOu ARE NOT IN TOTAL CONTROL OF YOUR FUNDS ,if anything happens to freewallet  your fund is gone.

Update: those of you mining through Minergate ,free wallet has become the only source of withdrawing from minergate ,well to me minergate sucks cos of lower hashrates ,if minergate is a must for you then make sure you withdraw your funds to another wallet with privet key after withdrawing from minergate.

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December 20, 2018, 04:04:34 AM
 #2

It sounds trivial, but things like that are often ignored, I personally prefer the wallet issued by the coin itself or their official wallet.

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December 20, 2018, 04:36:37 AM
 #3

That's why newbies should always stay away from unknown wallet source provider because it can only cause big problems, used only trusted wallet provider like MyEtherWallet.

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December 20, 2018, 04:54:36 AM
 #4

Yes newbies should know that there would be wallets in some projects or sites that are suspiscious and not legit, maybe it we log in to their websites with our personal datas, maybe it can be steal so we ahould be aware of that.
khoapham89
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December 20, 2018, 05:47:37 AM
 #5

Yep, newbies actually don't know exactly how these apps work, so they often fall into these traps and lose their money.

Some trusted wallets:
MyEtherWallet
Coinbase
Blockchain
Ledger
And I think that is enough for all cryptocurrencies

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December 20, 2018, 06:19:00 AM
 #6

Newbies should start realizing what "wallet" means and when businesses are using the term to fool people into giving up their keys .I got the info on web today about "free wallet" freewallet  is all in one cryptocurrency wallets available on playstore for android devices that doesn't has private keys,please stay away from such wallets ,YOu ARE NOT IN TOTAL CONTROL OF YOUR FUNDS ,if anything happens to freewallet  your fund is gone.

Update: those of you mining through Minergate ,free wallet has become the only source of withdrawing from minergate ,well to me minergate sucks cos of lower hashrates ,if minergate is a must for you then make sure you withdraw your funds to another wallet with privet key after withdrawing from minergate.
Most of free wallets are not giving the features that makes you able to take your privatekey. And then put anything on the wallet that gives you ability to take your privatekey.
Freewallet is untrusted wallet that means it's not a scam but it can't be trusted.

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Freewallet
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December 20, 2018, 07:30:37 AM
 #7

Newbies should start realizing what "wallet" means and when businesses are using the term to fool people into giving up their keys .I got the info on web today about "free wallet" freewallet  is all in one cryptocurrency wallets available on playstore for android devices that doesn't has private keys,please stay away from such wallets ,YOu ARE NOT IN TOTAL CONTROL OF YOUR FUNDS ,if anything happens to freewallet  your fund is gone.

Update: those of you mining through Minergate ,free wallet has become the only source of withdrawing from minergate ,well to me minergate sucks cos of lower hashrates ,if minergate is a must for you then make sure you withdraw your funds to another wallet with privet key after withdrawing from minergate.

Newbies should start realizing what "wallet" means and when businesses are using the term to fool people into giving up their keys .I got the info on web today about "free wallet" freewallet  is all in one cryptocurrency wallets available on playstore for android devices that doesn't has private keys,please stay away from such wallets ,YOu ARE NOT IN TOTAL CONTROL OF YOUR FUNDS ,if anything happens to freewallet  your fund is gone.

Update: those of you mining through Minergate ,free wallet has become the only source of withdrawing from minergate ,well to me minergate sucks cos of lower hashrates ,if minergate is a must for you then make sure you withdraw your funds to another wallet with privet key after withdrawing from minergate.
Most of free wallets are not giving the features that makes you able to take your privatekey. And then put anything on the wallet that gives you ability to take your privatekey.
Freewallet is untrusted wallet that means it's not a scam but it can't be trusted.

Hello

Many financial services choose not to share private keys with individual wallet addresses.

May we know the reason which made you post this thread? Are you having an issue with our service?

Freewallet is aimed at providing the long-term and trustful service. A lot of crypto enthusiasts are investing their time and efforts helping us to elaborate one of the best solutions in the industry. We were the first mobile wallet launched the BCH mobile app.

If there is no particular reason for your sharp thread, we may interpret it as pure defamation.

Freewallet, The Mobile-First Cryptowallet Developer
Learn more about Freewallet and our apps: freewallet.org
Freewallet 24/7 assistance: https://bit.ly/2rgGdRw or reach out to us directly on Facebook or by PM.
joseyphil82 (OP)
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December 20, 2018, 02:37:51 PM
 #8

You've just said it yourself ,we need our freedom ,for example I use copay wallet ,with my key I can open my wallet on bitpay or coinomi wallet or jaxx wallet ,I have total control, try this and you will have millions of users

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December 20, 2018, 02:58:22 PM
 #9

Yep, newbies actually don't know exactly how these apps work, so they often fall into these traps and lose their money.

Some trusted wallets:
MyEtherWallet
Coinbase
Blockchain
Ledger
And I think that is enough for all cryptocurrencies
You can also connect your hardware wallet to your myetherwallet for extra security better than storing private keys and json file.

metamask is also good for newbies since it blocks harmful websites like phishing websites.
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December 20, 2018, 03:06:22 PM
 #10

The problem with private keys is now very common. Newbies do not know how to safely store their private key. and the wallets which do not need private key  - this is a scam i think

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December 20, 2018, 04:03:25 PM
 #11

The problem with private keys is now very common. Newbies do not know how to safely store their private key. and the wallets which do not need private key  - this is a scam i think

To be honest, they will gradually learn how to store their assets safely, just need time and experience. If we give them examples, they might be able to understand, but if they have never made a mistake or carelessness, then they will not be able to study well. Tell what to tell and let them explore how cruel the crypto world is
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December 21, 2018, 12:37:20 AM
 #12

the important thing is to be careful in entering the exchanger to avoid phishing because when we will withdraw or deposit, we must enter the private key, if it's phishing then we will definitely lose. to be safer, bookmarking the original site is not phishing.
batang_bitcoin
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December 21, 2018, 03:21:14 AM
 #13

For those bitcoin related wallet, use only these:

https://bitcoin.org/en/choose-your-wallet

Blockchain.com isn't on the list but I'm also using that wallet. For altcoin related wallets, there's lite wallets from the coin developers itself and hardware wallets who have plenty of alts to support.
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December 21, 2018, 04:29:51 AM
 #14

it means the meaning of a wallet, I prefer a wallet that has a private key, not an email or password, with private there is no control from anyone except myself and safer than e-mail using passwords
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December 21, 2018, 04:47:04 AM
 #15

Yes newbies should stay away from any wallet requesting to login using email and password because they are online wallets with no private keys ,if anything happens to that particular company kiss your coins goodbye ,paper wallets which are offline and wallets with passphrase or private keys are the best
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December 21, 2018, 04:47:45 AM
 #16

Newbies should start realizing what "wallet" means and when businesses are using the term to fool people into giving up their keys .I got the info on web today about "free wallet" freewallet  is all in one cryptocurrency wallets available on playstore for android devices that doesn't has private keys,please stay away from such wallets ,YOu ARE NOT IN TOTAL CONTROL OF YOUR FUNDS ,if anything happens to freewallet  your fund is gone.

Update: those of you mining through Minergate ,free wallet has become the only source of withdrawing from minergate ,well to me minergate sucks cos of lower hashrates ,if minergate is a must for you then make sure you withdraw your funds to another wallet with privet key after withdrawing from minergate.
Yes, you are absolutely right. Cryptocurrency now represents a very tasty morsel for various scammers who want to profit at someone else's expense. And they are very creative and we need to be very careful with our wallets. Especially in this regard, newcomers will suffer and this will cause great damage to the advancement of cryptocurrency. Only a private secret key can save us from fraud and abuse, and not always.
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December 21, 2018, 05:30:07 AM
 #17

Newbies should start realizing what "wallet" means and when businesses are using the term to fool people into giving up their keys .I got the info on web today about "free wallet" freewallet  is all in one cryptocurrency wallets available on playstore for android devices that doesn't has private keys,please stay away from such wallets ,YOu ARE NOT IN TOTAL CONTROL OF YOUR FUNDS ,if anything happens to freewallet  your fund is gone.

Update: those of you mining through Minergate ,free wallet has become the only source of withdrawing from minergate ,well to me minergate sucks cos of lower hashrates ,if minergate is a must for you then make sure you withdraw your funds to another wallet with privet key after withdrawing from minergate.

wow, this is a fact alot of people would have ignored the basics
but thanks for the timely reminder. And while you get an etherum account with private keys amongst others, do ensure to avoid phishing links that could endanger the safety of the accounts.
Face the facts and bookmark myetherwallet.com or use metamask for chrome browser or mozilla browser.
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December 21, 2018, 05:37:29 AM
 #18

Just heard that kind of wallets, so it will be dangerous because we can't claim our money back if something happen, but me even use private key, i never use android wallet and trust my own wallet on PC.

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December 21, 2018, 06:41:49 AM
 #19

Yes, that's true, many newbies are victims of scam wallets. They should learn a lot about the risks of crypto investing. A scam wallet is also a risk of storing crypto assets so they have to find out about a wallet that is safe to use.

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December 21, 2018, 07:20:37 AM
 #20

Unfortunately freewallet is first result when searching for eos/ethereum wallets, many newbies fall prey to it.

I am pretty sure sooner or later freewallet will run away.

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