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Author Topic: Do not trust New wallets with your fund  (Read 3511 times)
pcfli
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September 28, 2019, 01:44:49 PM
 #121

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.
Affording a small number of crypto holdings for the crypto hardware wallet is a better solution for protection. Even 2FA can be bypassed with the various hacking programs and stealing the code which sent to the phone number is not hard for the professional hackers. Buying one of the popular hardware wallets will give the required security to the crypto investors but these investors should avoid holding the crypto assets on the crypto exchanges.

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September 28, 2019, 01:46:28 PM
 #122

no i dont i dont trust new wallets i usually use new wallets and if there is a new wallet i will wait until somebody review it first and if the review is good then i will try the wallet most of people use old wallet than new wallet
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September 28, 2019, 01:54:01 PM
 #123

I am not trust with new wallet developer with app playstore, I am still use old wallet like myetherwallet for many altcoin transaction, get much coin and more safety using our wallet.
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September 28, 2019, 02:02:41 PM
 #124

Scammers are prepared to grow old with their bad habits so they will always find a way to feed on innocent victims, even if we have all know how they will try to scam us what about the newbies that are coming into crypto world every day? unfortunately they will easily fall victim

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September 28, 2019, 02:19:19 PM
 #125

Scammers are prepared to grow old with their bad habits so they will always find a way to feed on innocent victims, even if we have all know how they will try to scam us what about the newbies that are coming into crypto world every day? unfortunately they will easily fall victim
Unfortunately, new investors are easy to target for wise scammers. Learning through failures and having a small experiment with each project can add a decent experienced to their investing life but some investors are not patient enough to wait for the right time and project for investing the rest of their financial savings. After falling a few more time, new investors cook in their own oil and they will never go for investing in the shady projects. Scammers know how to attract the investors but investors have to accurately check the legitimacy of the investment initiated project.
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September 30, 2019, 04:15:11 AM
 #126

I am not trust with new wallet developer with app playstore, I am still use old wallet like myetherwallet for many altcoin transaction, get much coin and more safety using our wallet.
Actually the development of a new wallet is a pretty good thing but indeed we as users must be able to be careful when it is currently looking for a new wallet. of course we do not want to get losses due to wrong in choosing a wallet to store our assets

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September 30, 2019, 04:38:17 AM
 #127

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
Even if you have older crypto wallets but you dont hold the private keys your unsafe. It is better to stick using wallets that you have full control such as private keys or passphrase better if you have hardware wallets for plus protection.
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September 30, 2019, 04:44:09 AM
 #128

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

On play store, you cannot just blindly download anything there. especially those wallets that are just like a clone of the older wallet.
Who knows if they are scheming for something? there are so many cases with the Apps on play store where they can access the data of the user without them knowing it.

In worse cases, you might end up losing everything we have if they stole all of our necessary information.

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September 30, 2019, 04:48:11 AM
 #129

You are right many new wallet come here days by day but still i don't trust new wallet because i am happy for use older wallet. Lot of wallet here and there giving more opportunities for income double money with more safety but i don't like this. I have see some wallet project team offline no support after 1-2 month that's means we need happy for old.
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September 30, 2019, 06:16:16 AM
 #130

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
It's true that you should never trust other wallet in playstore and other sites because most of them don't really have strong security features that will keep all of your funds safe, that is why using a hardware wallet like ledger is still the best way to store your funds, and using popular wallets like MEW and etc because it is already tested by many users.
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September 30, 2019, 06:41:07 AM
 #131

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September 30, 2019, 07:06:42 AM
 #132

I am not trust with new wallet developer with app playstore, I am still use old wallet like myetherwallet for many altcoin transaction, get much coin and more safety using our wallet.
I also am, until now I still use myetherwallet and tronlink wallets, because besides liking the ETH platform, I also like the TRX platform, so that until now I am still loyal to use both of these wallets, and is very safe in making transactions.
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September 30, 2019, 07:16:46 AM
 #133

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
I have seen different new wallet in playstore and I also read some feedback of user who downloaded that wallet and some of them have a different problem on that wallet. Even there are a new wallet that release I just still stick on my old wallet that I know my funds are secure and safe. I have 3 wallet on my phone and those are Blockchain, coinbase and coins.ph. Coins.ph is one of the popular online wallet in our country which is Philippines and this wallet has different features like you buy loads, game credit and even pay online transaction.

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September 30, 2019, 07:25:06 AM
 #134

It is best to use an old wallet that has been verified as legitimate and trustworthy. Do not use a new wallet unless you know it is reliable. Because using a new wallet is risky, you could be fooling all your money.


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September 30, 2019, 07:27:54 AM
 #135

I have 3 wallet on my phone and those are Blockchain, coinbase and coins.ph. Coins.ph is one of the popular online wallet in our country which is Philippines and this wallet has different features like you buy loads, game credit and even pay online transaction.
Coins.ph is the best choice among other wallets because like what you have said, it also offers selling of prepaid loads and bills and payment services aside from storing your crypto. Take note, it doesn't only hold btc but also other famous coins such as eth, bch and xrp. It's like a one-stop shop for Filipino crypto holders Smiley.

But aside from coins.ph, I think Abra would also be a nice choice especially that its services is now getting broader, they now have a partnership with 7-Eleven.



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September 30, 2019, 09:02:31 AM
 #136

I always tell this to my friends that they should not keep on trying new wallets because it is a very risky type of move since they have their money at risk. I always suggest them to just buy a ledger hardware wallet and keep their cryptocurrency there and keep their passphrase at a safe place so they don't need to worry about getting hacked or getting their money stolen.

 
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September 30, 2019, 10:05:00 AM
 #137

I am not entirely in the new wallet, especially those present in the play store with many advantages offered, I prefer the old wallet that has been trusted in the crypto room to store assets, because I have a few assets in the old wallet I painstakingly collected, so for now I still believe in the old wallet

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gaston castano
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September 30, 2019, 10:37:54 AM
 #138

yes but if you don't believe, how will it develop.
like bitcoin which was just released in 2009, at first people didn't believe it, but slowly bitcoin land gained trust from people.
this might also apply to new wallets but in a different sense  Roll Eyes
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September 30, 2019, 12:12:51 PM
 #139

The problem is not new or not. but whether the provider has a good track record or not. why did you choose a new wallet while the old one provided exceptional security? and anyway the most important is the private key of the wallet itself. as long as it can be accessed specifically it should be safe.
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September 30, 2019, 12:37:25 PM
 #140

The problem is not new or not. but whether the provider has a good track record or not. why did you choose a new wallet while the old one provided exceptional security? and anyway the most important is the private key of the wallet itself. as long as it can be accessed specifically it should be safe.

I would also pay attention to the number of users of this wallet. if the wallet has no audience and people don’t talk about it, then it’s better to avoid this wallet

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