Do not trust New wallets with your fund

[babicena14]

I completely agree with you. As for your funds, everything should be checked and safe. New wallets and other things can't promise you perfect security, so you need to use them with extreme caution.

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[setialovers]

Very true.. Reason being that, there a lot of fraudsters and con artists looking for the slightest opportunities to defraud unsuspecting people. Some could go the distance of creating and deploying crypto wallets and apps with the intentions of stealing people's assets. This means, there could create a crypto wallet just to carry out their deals. This is why it is extremely good to trust only established wallets and apps. 

Indeed, there are currently a variety of modes for stealing tokens and coins that we have. Storing coins and tokens is like storing money in a bank and I think we will choose those we trust and have a good reputation

[arimamib]

Very true.. Reason being that, there a lot of fraudsters and con artists looking for the slightest opportunities to defraud unsuspecting people. Some could go the distance of creating and deploying crypto wallets and apps with the intentions of stealing people's assets. This means, there could create a crypto wallet just to carry out their deals. This is why it is extremely good to trust only established wallets and apps. 

Indeed, there are currently a variety of modes for stealing tokens and coins that we have. Storing coins and tokens is like storing money in a bank and I think we will choose those we trust and have a good reputation

the selection to give trust in the wallet is difficult, we must look at the important parts before using the wallet to store coins owned. so far there are quite a lot of companies that provide wallet facilities and have good security, but it would be better if you have full access to your wallet. although it will be more difficult to manage than when using a wallet made by another party

[adaora2323]

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

You are right. Sometimes and not all, I don't get to trust new wallets to store my funds because most are not secured and not efficient. However, there are some wallets that are also gaining some momentum say Atomic Wallet, and Coinomi. These wallets may seem unpopular and new especially to newbies. But bet me, I have been using these wallets for over two years with my main funds there in. Never had issue of thefts/hack. Chose your wallets wisely. Its not about new wallets or old wallets. Old wallets also get compromised. Its more about the Team/dev and how often bugs are fixed

[zidanw]

I have been using the Nano wallet for a number of times using the Myetherwallet or new Wallet several times with easy features but in fact several times I have experienced hacking or access requests. certainly very risky if our funds are able to be accessed by them. nowadays the main thing is security even though we have to spend money that is clear our assets to be safe is certainly not a big problem for me

[TelolettOm]

I have been using the Nano wallet for a number of times using the Myetherwallet or new Wallet several times with easy features but in fact several times I have experienced hacking or access requests. certainly very risky if our funds are able to be accessed by them. nowadays the main thing is security even though we have to spend money that is clear our assets to be safe is certainly not a big problem for me

Actually for a wallet that is safe in the category of not paid too much, but indeed if you have had an unpleasant experience, maybe the decision to buy a wallet is quite good. several times I myself as well as you get a notification of access to access, but indeed I have completed each of my accounts and wallets with 2FA

[Peanyut991]

Yes, I agree with you, do not let you entrust all your funds in a new wallet. If the new wallet presents a platform that is superior in terms of security and can be trusted, you can use it.

[bohr]

New wallets have the most low security at all. Most of the users of these kinds of wallets are losing their funds because of the low security. You should always pick hardware wallet in terms of storing your coins in a long period of time.

Hardware wallets are by far the best option when it comes to try to secure your coins, however we must admit that many of us are cheap and we do not want to invest money in order to protect our coins, and if that is the case then you can use software wallets but if you are going to do that then you need to take additional steps to make sure that your wallet is secure, if possible you should only install a wallet with a long history of being safe and to do it in an operative system that is safe as well.

[Kay94]

Why store your fund with a new wallet you know nothing about while you have an existing one  already. I used to store my tokens in MyetherWallet but it had some characteristics which made it quite easily to access. Currently, I store my fund with hardware wallet because its secured, safe and efficient.

[mahibul49]

yes you are right but i think you can trust atomic wallet and they are constantly improving the features and adding more coins in the wallet.really safe to use and easy too

[gundala]

Yes, new wallets tend to have many shortcomings. Especially those still in the development stage. There are many risks to lose. That is why I don't like bounties whose prizes are distributed through a web wallet, or a new wallet application, vulnerable to manipulation.

[joseyphil82]

New wallets are actually dangerous, new developers are desperate for money so they create new wallets with back door access to users fund, be careful, i remember yeswallet airdrop i later heard its scam and online wallet too so no private key access or recovery seed

[X-ray]

New wallets are actually dangerous, new developers are desperate for money so they create new wallets with back door access to users fund, be careful, i remember yeswallet airdrop i later heard its scam and online wallet too so no private key access or recovery seed

Not dangerous if the wallet source code is published in github although that doesn't necessarily mean 100% safe but atleast the community could review the code first and find whether there are backdoor or keylog. But the wisest decision is just to stick to already existent wallet that is reliable. People trying to use new wallet because it's new is like finding diseases. If there's such thing as reliable wallet I don't think a people with common sense will try a new wallet let alone storing a huge chunk of money there.

[kogozer714]

yes it is true that many complain about losing some of their coins after using a new wallet-shaped application. and we all have to be careful to try new things that only utilize how ridiculous we are to try.

[Avirunes]

It's not only new wallets actually, old wallets are also affected by vulnerabilities whether it be Coinomi: https://www.reddit.com/r/CryptoCurrency/comments/av7gfi/warning_coinomi_wallet_critical_vulnerability/ or Electrum: https://thenextweb.com/hardfork/2019/04/16/behind-the-scenes-electrum-hackers-steal-4m-with-bitcoin-phishing-attacks.

I recall one of the hardware wallets - Ledger/Trezor having some vulnerability as well.

The point it is not so safe with old wallets as well. I find it better to keep in a paper wallet and trust coinb.in for the sending transactions.

[barnes13]

You are absolutely right, especially in point number 2 that you gave. Many of them make a wallet to hold crypto assets but actually only intend to deceive users. I would recommend you to use the hardware wallet to store your crypto assets safely, but if you do not have sufficient funds you can try it first in the largest wallet storage such as Coinbase, MEW, etc. I also don't recommend anyone here to try to use a new wallet to store your crypto assets, especially in large amounts. Stay careful!

[n0ne]

It's not only new wallets actually, old wallets are also affected by vulnerabilities whether it be Coinomi: https://www.reddit.com/r/CryptoCurrency/comments/av7gfi/warning_coinomi_wallet_critical_vulnerability/ or Electrum: https://thenextweb.com/hardfork/2019/04/16/behind-the-scenes-electrum-hackers-steal-4m-with-bitcoin-phishing-attacks.

I recall one of the hardware wallets - Ledger/Trezor having some vulnerability as well.

The point it is not so safe with old wallets as well. I find it better to keep in a paper wallet and trust coinb.in for the sending transactions.

Agreed, the security vulnerability happens with every wallet. Having a paper wallet is always a right choice. With some new wallets even when we have the paper wallet it will be useless when the wallets just take away the funds and runs away. For various reasons having old wallets and updating it regularly helps in securing the funds and lowering the risks.

[kaneki007]

Not dangerous if the wallet source code is published in github although that doesn't necessarily mean 100% safe but atleast the community could review the code first and find whether there are backdoor or keylog. But the wisest decision is just to stick to already existent wallet that is reliable. People trying to use new wallet because it's new is like finding diseases. If there's such thing as reliable wallet I don't think a people with common sense will try a new wallet let alone storing a huge chunk of money there.

But it could be that the wallet source code uploaded on Github is different to fool new users who want to use that. I think it's best to use a wallet that has been released a long time ago and is already widely used by users around the world

[hahahafr]

That's so true, it's always best to save your funds on blockchain wallets that have been in the system for at least 3 years. That way you know they are in to offer some serious services to the crypto community and not steal the monies of its users. Also, for the sake of data privacy you don't want to give your details to any new company out of the blue in this industry.

[Convery]

I hope that people are not so naive and do not install strangely apps and they don’t send their money there anymore. They may be tempting you with some deposit bonus or some high appreciation, but if it's not a wallet created by some reputable company, you shold stop thinking about it. If you would like to get some tip for relatively safe wallet with appreciation find something about Cobo wallet, but please, do not send them all of your cryptocurrencies, be careful, every wallet or exchange could go bankrupt.