Stay away from online mobile wallets with no backup phrase

[joseyphil82]

Not all mobile wallets have backup ,just because they are available for your smartphone doesnt mean they are reliable
Do not use mobile wallets with just username and passwords ,they are called online wallets ,they have no backup phrase or private keys.
For example I lost my bitcoin to xapo wallet since 2018 and they denied me of my coins after sending them mails.

[Barracuda]

Backup keys are one of the most important things for wallets online now. Because this relates to your assets, of course, do not just use online wallet. Because, now there are indeed many who appear to offer online wallets. Of course, if you want to use it you need to know the security of the wallet so you don't experience things like @OP.

[VanDeinsberg12]

Not all mobile wallets have backup ,just because they are available for your smartphone doesnt mean they are reliable
Do not use mobile wallets with just username and passwords ,they are called online wallets ,they have no backup phrase or private keys.
For example I lost my bitcoin to xapo wallet since 2018 and they denied me of my coins after sending them mails.

XAPO was not let the users to take or export their privatekey address and that's a scam wallet. For me to use offline wallet which make you able to get your privatekey is more than good but it's the best way. XAPO was a scam wallet. but this time so many wallets creating the export feature.

[Ucy]

Totally agree.  Unfortunately many mobile wallet users are not aware of this differences. I guess cryptocurrency won't be used properly by those who are not really interested in its important features. Sometimes I wonder if informing them about the feature will bore or scare them away from crypto. Most people just need something easy and convenient

[Shallow]

One of the attributes of blockchain is decentralization and this comes with users being in charge thus the need for private keys. So any wallet without private keys or backup phrase shows that the developers can have access to such wallets, thus not good to be involved with. Sorry for your loss, I hope others will learn and make good decisions.

[vladimirhf]

I would not recommend any mobile app as your main wallet. use only if you need a little to spend, as a secondary wallet.

[LbtalkL]

Good advice I agree, But In my country we only have 1 wallet that can withdraw to fiat we dont have any option, no backup phrase or private keys provided but I only use it as medium not for HODL.

[rodel caling]

Not all mobile wallets have backup ,just because they are available for your smartphone doesnt mean they are reliable
Do not use mobile wallets with just username and passwords ,they are called online wallets ,they have no backup phrase or private keys.
For example I lost my bitcoin to xapo wallet since 2018 and they denied me of my coins after sending them mails.

Most probably your correct choose mobile wallet with have back keys to avoid losing of coins investment, I also using local mobile wallet herein my place where I resides two local wallet have choices both are have strong back keys but i choose the one very popular use by the people.

[bitsurfer2014]

I guess we should find excellent mobile wallets that fits according to our preferences and needs and degree of comfortability. In my case, mobile wallet like coins.ph which I've been using from the start don't have backup phrase but they require various levels of KYC to assert account validity and authenticity. Also, their services were excellent and has a very good support system that I have not had any problems with them ever since.

[chanler]

Sorry to hear your bad experience about using the online mobile wallets, do you have any proof to make them sure about your asset on the mobile wallets?
Personally, I also always choose the online wallet (not mobile) that has the backup of the password, Google authentication, Gmail authentification, or private keys. It may not be highly safer, however, at least, we have several ways to back up the data and portfolio. Moreover, it will be better enough if we use the offline wallet, hardware wallet will be highly recommended.

[rhodelmabanal]

Hardwallets is very recommended to use here in crypto with future like don't use others wallet still some of this are trusted already example Electrum,Blockchain and Coinomi then your correct about with username and password only like don't use this kind of wallet then activate 2fa always for much more security and don't create wallet account similar to it's yahoomail

Stand alone wallets installed on pc is highly recommended, they're equipped with back up phrase options. Like those mentioned wallets, there's no problem with it and back up phrase is one of the strongest way to make your funds more secure. Once you had save it for confidentiality, you won't be failed and will successfully access your funds smoothly.

[Greatchu]

Xapo is a scam wallet ,I used to hunt for faucet in early 2016 and I've gathered lots of bitcoin but one day i was unable to sign in my wallet and withdraw ,I tried to contact the team and they never reply me

[LuckyBtc]

Not all mobile wallets have backup ,just because they are available for your smartphone doesnt mean they are reliable
Do not use mobile wallets with just username and passwords ,they are called online wallets ,they have no backup phrase or private keys.
For example I lost my bitcoin to xapo wallet since 2018 and they denied me of my coins after sending them mails.

I used to use those "online wallet" when I was a beginner. Now I only use hardware wallet, It provides absolute security! Online wallet are best for storing small funds to use it for spending.

[Sacramentus]

Not all mobile wallets have backup ,just because they are available for your smartphone doesnt mean they are reliable
Do not use mobile wallets with just username and passwords ,they are called online wallets ,they have no backup phrase or private keys.
For example I lost my bitcoin to xapo wallet since 2018 and they denied me of my coins after sending them mails.

I don't expect anyone to still try to use a mobile wallet with no backup key or phrase at this era. That's an old-fashioned way of making a mistake in blockchain. It's at a very high risk using those kinda wallet to store your funds

[Nimicrypto]

Don't lose your stuff if u don't have backup...  .

[khiholangkang]

Not all mobile wallets have backup ,just because they are available for your smartphone doesnt mean they are reliable
Do not use mobile wallets with just username and passwords ,they are called online wallets ,they have no backup phrase or private keys.

Everything has advantages and disadvantages, each of which I think, those who do not have a private key / pharse backup you can contact support to restore your account

And what you hold a private key / backup pharse usually doesn't have support services, so if you lose your private key your money just goes away

For example I lost my bitcoin to xapo wallet since 2018 and they denied me of my coins after sending them mails.

I used XAPO when I was released and never encountered any problems, make sure you provide the correct data so that they can easily help you

[TravelMug]

Not all mobile wallets have backup ,just because they are available for your smartphone doesnt mean they are reliable
Do not use mobile wallets with just username and passwords ,they are called online wallets ,they have no backup phrase or private keys.
For example I lost my bitcoin to xapo wallet since 2018 and they denied me of my coins after sending them mails.

I agree, this is an eye opener specially for a lot of newbies who are going to join. Check first if the wallet that you are going to used as mobile apps has some back up phrase or private keys.

Never tried XAPO though, or even blockchain wallet. I only used Electrum and keep by seed and private key safe in case I needed to recover it.

[Ken_terrance]

Yes their are some wallets on mobile that has no backup and when something get wrong with the company its goodbye to all your coins in the wallet ,xapo wallet is a good example indeed

[Delilonia1]

It is important that cryptonaires should be aware of things like this so they dont end up in loses. You can imagine that someone was denied his coins all the way from 2018 and up till now, he still cannot have it.

The role of users having private keys cannot be over emphasized when it comes to their online wallets

[phanphanphuyen]

Staying away fom any kinds of wallet, provide by any sort of wallet providers, no matter what which types of coins (bitcoin, or whatever) if you can not have full control of your private keys or seeds. Because, without such keys/ seeds, you might lose all money when those sites/ providers make scam exits. It's not too hard to choose which wallets to use, and learn how to backup/ recover wallets from keys/ seeds.