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Author Topic: Do not trust New wallets with your fund  (Read 3511 times)
abbccoin
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September 24, 2019, 10:14:53 AM
 #101

''The main difference between a custodial and non-custodial wallet is the private key. Having access to your private key gives you full control of your funds and therefore making it more secure"

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We Suggest to use our new ABBC Wallet and be secured with your crypto.

Our new ABBC Mobile Wallet is available in both ABBC IOS Wallet and ABBC Android Wallet
fosco333
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September 25, 2019, 07:46:57 AM
 #102

New wallet without new function is just a waste. Peoples won't use the new wallet if they already using existing wallet conveniently.
The developers of new wallet must have something to offer to the users, so the users can using their wallet.
Security is no 1 in crypto wallet, we don't know yet how safe the security of new wallet, so it can be risky.

aristecounos
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September 25, 2019, 05:46:05 PM
 #103

The reason why i don't like new wallets
1. They always have low users which means they have nothing new to offer,even if new users try them out,once they don't see any thing new they bounce back to their old wallet, repetitive at work

2. Many new wallets on playstore can't be trusted,they have different set of aims, some have access to your private keys but they will fool users thinking you are the only one in control of the private keys and some don't  give out private keys to users,they work as online wallet

U can use Coinomy Trustwallt Counos wallet.
kramchers
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September 25, 2019, 05:50:45 PM
 #104

I will only use new wallet if that wallet is in new blockchain, like the payment of the bounty will go there.
But i will never transfer my other cryptocurrency on that wallet.
I am good at the old ones, it never give me trouble.
terencio
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September 25, 2019, 06:12:26 PM
 #105

I  really don't trust  a new wallet, especially if you need to download them through app or in desktop.  I want to access first thru web wallet, because some scammers conceived to steal data from crypto wallets.

sabine80
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September 25, 2019, 06:28:47 PM
 #106

never change a running system. i also have this motto with my wallets. why should i switch if i'm satisfied with my current wallet?
besides, there are far too many wallets you can not trust. for that very reason, i would not change my wallet often.
xOdiumNostrumx
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September 25, 2019, 06:49:23 PM
 #107

For the love of "god", dont hold your funds in random wallets and stick to your hardware ones, but if that is not an option, at least hold your holdings in some credible hot wallets like Trust wallet or even on tier 1 exchanges like Binance (for shorter period of time) with 2FA enabled.
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September 25, 2019, 08:32:00 PM
 #108

after two times when my wallets was hacked and funds dissapered from unknown exchange I am using Ledger Nano, I think it is safe
adzino
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September 25, 2019, 08:35:01 PM
 #109

Well, if they download random wallets from the store or the internet and loses their funds, then sadly, they do deserve to get scammed and hacked. At least they will learn a lesson from here. They will be careful next time when using such wallets. Sounds harsh, but this harsh way will actually open their eyes.
Like other suggested, never use a new random wallet that just popped up. Don't even think about using a web wallet to store your coins for long term!

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September 25, 2019, 10:39:00 PM
 #110

Anyone trusting any new wallet on playstore without ensuring it is safe through asking questions is clearly taking a risk he might not be able to control afterwards. I have seen many people who uses random wallets on playstore and later come back to report. Before holding our assets in any app, we should make sure to check the wallets supporting that coin, if there is an already existing wallet which is trusted, it should be used; if there isn't then contact the team to know the right wallet.

bittick
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September 25, 2019, 10:46:42 PM
 #111

Anyone trusting any new wallet on playstore without ensuring it is safe through asking questions is clearly taking a risk he might not be able to control afterwards. I have seen many people who uses random wallets on playstore and later come back to report. Before holding our assets in any app, we should make sure to check the wallets supporting that coin, if there is an already existing wallet which is trusted, it should be used; if there isn't then contact the team to know the right wallet.
Most of the new people always think that everything in the playstore is safe while it actually isn't. There are so many cases about playstore listing some of phishy apps and a crypto wallet is also one of them.
People should just try to search up to google a bit for the most popular wallet and then use them instead of using random wallet.

Tahdayi
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September 25, 2019, 10:52:39 PM
 #112

The reason why i don't like new wallets
1. They always have low users which means they have nothing new to offer,even if new users try them out,once they don't see any thing new they bounce back to their old wallet, repetitive at work

2. Many new wallets on playstore can't be trusted,they have different set of aims, some have access to your private keys but they will fool users thinking you are the only one in control of the private keys and some don't  give out private keys to users,they work as online wallet
But in General nothing should be trusted not to new wallets as the old , crypto-currencies are very easy to steal and impossible to return this is always need to select only the best purse with the protection.

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letyouearn
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September 25, 2019, 11:07:05 PM
 #113

I consider using some new crypto wallet only if it is popular and trustworthy enough. And only if it loos much better than the one I used before. Sometimes it's better to stay calm and not to worry at all - at least you won't regret it if this new wallet/exchange/platform fails somehow.

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Bonwin
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September 25, 2019, 11:13:03 PM
 #114

The rate at which different forms of wallets is increasing these days is quite alarming. Which then means that one needs to be careful. It is better to continue to use the old one, which one has been acquainted with, than going for that which is strange.
At least. if I have people who use any, and can vouch for such, then I might use it.
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September 25, 2019, 11:14:52 PM
 #115

after two times when my wallets was hacked and funds dissapered from unknown exchange I am using Ledger Nano, I think it is safe
Sure. It's the safest wallet at the moment and your money will never be stolen again

Questat
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September 25, 2019, 11:34:58 PM
 #116

after two times when my wallets was hacked and funds dissapered from unknown exchange I am using Ledger Nano, I think it is safe
Sure. It's the safest wallet at the moment and your money will never be stolen again
Not really 100% guaranteed assurance that it will be safe, it still depends on how we manage into our wallet. No matter what wallet we used either online or offline wallets just like Ledger, is still subject for these but the good thing about offline wallet is not prone to any hacking scheme unlike to online wallets which everyone suffered such losing of private keys.

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September 26, 2019, 06:59:32 PM
 #117

Yes, but it is not 100% true. Few new wallets which are dominating and promising. But old is gold and more worthy  than other wallets like as coinbase,(I use coinbase over two years), metamask, trust wallet etc. So well-known or popular wallets are always trusted for any crypto-currencies.  

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September 26, 2019, 08:44:16 PM
 #118

after two times when my wallets was hacked and funds dissapered from unknown exchange I am using Ledger Nano, I think it is safe
Sure. It's the safest wallet at the moment and your money will never be stolen again
Ledger Nano S is one of the safest wallet and this is the hardware wallet that I have. They have a new release which is the Ledger Nano X[1] which has a better feature than the previous but this doesn't mean that the security of the old nano version is weaker, no it's not. All of those new to cryptocurrency must try and purchase their very own hardware wallet, use it and be comfortable without worrying about the security of your wallet.

[1] https://shop.ledger.com/products/ledger-nano-x

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September 28, 2019, 01:26:49 PM
 #119

I’m probably a retrograde. I am quite satisfied with the old reliable  wallets that haven't failed me  in a few years. Now the number of new wallets applications is growing like mushrooms after the rain. Money doesn't like fuss and satisfying your curiosity by setting a new wallet is akin to adventure. Too much scammers appeared on the Internet craving your money.
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September 28, 2019, 01:41:29 PM
 #120

I only trust wallets that are popular I have no time to research or the capability to check a bug in any wallet, so might as well use popular wallets in the market, there are a lot of wallets in play store, but when it comes to my coins I only use a desktop version like Exodus and MyCrypto.
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