Warning to all newbies concerning wallets

[Jonking]

if you have tokens under ethereum  blockchain you have to use myetherwallet or any other trusted wallets.. you have controlled on everything

[Adriano2010]

All people should somehow learn about wallets and what kind of wallet to use, only wallets where you can back up private keys or passphrase are good because only then you own the crypto and can always be recovered with private keys.

[Wittny]

Keeping wallets private keys or wallet mnemonics phrase is very important. Is unfortunate that scammers are using skills to scam newbies of their fund by luring them to fill fake airdrop forms. Everybody should be very careful of the forms they fill.

[rizkyhiw]

All people should somehow learn about wallets and what kind of wallet to use, only wallets where you can back up private keys or passphrase are good because only then you own the crypto and can always be recovered with private keys.

Indeed, this is the most important step in securing your wallet from loss or anything, but most importantly, don't easily trust anyone and any site because the network can be controlled by someone to hack the computer or cellphone you are using, I suggest storing phrases offline recovery so it's not easily accessed by scammers.

[rdewilde]

As the name goes, private key which means it's yours and gives you power to control your funds, in the absence of this then the user isn't in control. Thanks for bringing up this post and wish it will help most newbies out there to make better decisions. When money is involved, one needs to be extra careful.

[tabas]

Don't download wallets that you are not familiar. Chances of being hacked is high any amount that you deposit is likely to go to the devs.

[rijaljun]

Don't download wallets that you are not familiar. Chances of being hacked is high any amount that you deposit is likely to go to the devs.

It's not about being hacked, but about the platform's team control your private keys. With that access, they can do anything with  your wallet including run your money away. I have seen some bounty hunters do this, they submitted private keys instead of their address in the applications form 

[stigmacryptonight]

This is what must be considered by people who have just entered the crypto world. Because they sometimes easily give private keys that should not be given to anyone. And I want to remind you too, in the future also avoid if there are suspicious links. Because of that you can also cause losses to your wallet.

[Newmusa]

This is a great advice for both newbie and non newbies because that's is your bank account , that us why you have to be careful in order not to loose all what you have work for.

[tabas]

Don't download wallets that you are not familiar. Chances of being hacked is high any amount that you deposit is likely to go to the devs.

It's not about being hacked, but about the platform's team control your private keys. With that access, they can do anything with  your wallet including run your money away. I have seen some bounty hunters do this, they submitted private keys instead of their address in the applications form 

It's the easiest term that others can understand that's why I used the term hack. Because someone is able to control your funds and gain access from your wallet.

[Ifychuks]

A friend's wallet was hacked sometime last year through one dubious and clever way. I can't go for any wallet other than Imtoken or myetherwallet. Though no wallet is to rally free from hack, these two has proven trustworthy to an extent.

[Malvika_sitlani]

Frankly speaking always have the wallet which will work across window,android, chrome or ios may be it might be tricky for first time user. If you want you can use web wallets which is controlled by third party but you can get some good platforms in the market for this so choose according to your preference.You can keep the majority of your coins in hardware wallet and some smaller amounts you can keep it in web wallet.

[whtchocla7e]

We should only use secure and reputable wallet platforms, such as trustwallet, myether, blockchain, ... or store your money at trading platforms such as binance, houbi, ... The platform is secured. Besides, private key, 2FA is always safe. Do not use dangerous, unsafe, or non-originated wallets.

[rejsehjaelp]

If one is not currently using a specific wallet but just keeping it at the exchange, should it be refreshed?

[rosezionjohn]

Right timing for this topic to be bumped. So there's this another wallet (Satowallet) suspected for exit scam. Fund withdrawal has been a struggle for users since April and developers have been coming up with multiple excuses such as "technical issues". Find more at https://medium.com/altcoin-magazine/altcoin-news-nigerian-crypto-wallet-is-suspected-of-exit-scam-d328f97270dc

If one is not currently using a specific wallet but just keeping it at the exchange, should it be refreshed?

Don't use exchange wallets as storage please. If you have some funds, buy a hardware wallet and store your assets there instead. If you don't have, there are still so many free mobile and web crypto wallets that are non-custodial. Meaning, no one else can control your funds except you. But be careful because there are also fake online wallets out there.