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Author Topic: Do not trust New wallets with your fund  (Read 3511 times)
Darlingtona
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November 16, 2019, 07:22:28 PM
 #301

This is actually a critical issue in crypto now as many fake wallets out there and it has kept so many in a dark shade now.

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November 16, 2019, 07:27:02 PM
 #302

Somewhere you have to trust somewhere not. And somebody needs to test it. But these days everything is scary.

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November 17, 2019, 06:32:57 AM
 #303

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 suggest you if you are looking for a new wallet do not directly search for PlayStore, because everyone can upload applications in Playstore. But you have to find an official source from who issued the wallet. Suppose you are looking for a Coinbase wallet, then you visit the Coinbase website, then search for the app. If not, then get ready to lose your assets.
Well there are many article you can read if what will be the secure wallet to use by just simply searching in google. Use only a wallet depend on the users feedbacks a so you are sure how trusted walllet you will use . Foget about new wallet there are many wallet that has beeb proven a good way to stored your balance.
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November 17, 2019, 09:35:53 AM
 #304

This is a good advice for everyone to heed to. Trusting your assets with new wallet that is yet to build any credibility for itself in the industry is risky. Anything can happen and they may decide to exit scam and go with user's funds.
This is really a big problem for those who participate in this market so it is best to only choose the wallet that is trusted by many people in this market and is appreciated in many other countries. There are hundreds of different wallets available now in PlayStore but only 20% of the wallets are the most trusted in the crypto market. Before keeping money where you should consult the people who have used and to think carefully.

Currently, only hardware wallets are the safest in the crypto market and if you have large assets then you have to buy to get the best security.

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November 17, 2019, 10:50:58 AM
 #305

True, one should be very careful the wallets they use in storing their cryptocurrencies.  Recently,  I witnessed a project that I was researching to promote(EarnsBit) exit scam users. The exchange was already operational and trading was ongoing, only for them to make away with people's hard-earned crypto. Sadly, that's just one of many. Please let us be very careful in choosing wallets we store our cryptocurrencies,  especially these new ones.

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November 17, 2019, 10:53:38 AM
 #306

Yes, i have been scammed with tron wallet that was T-Wallet plug in on Chrome
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November 17, 2019, 10:59:35 AM
 #307

One of the most important things everyone will know. It is true that a low quality wallet can never provide anything good. It collects capital and destroys capital. So a lot of thought will have to be made to create a new wallet. And one thing to look at seriously is that if the capital is wasted and cannot be recovered.

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November 17, 2019, 11:22:00 AM
 #308

I specifically do not trust new wallet I'm comfortable with using my existing wallets like imtoken , trust wallet. I couldn't care less using a new wallet and securing my assets is the best interest for me. So basically I don't intend to create new wallets the existing ones is okay and trust wallet especially provides all my needs and support my beps assets too

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November 17, 2019, 04:46:06 PM
 #309

indeed and what I hate from new wallets they usually offer attractive promos but with malicious purposes, for example many users may have some users will experience problems for example hacked and maybe this malicious developer will play victim and accuse hackers who have damaged the system they are actually the ones who stole funds from users are those that I fear but if that ever happens I hope the amount of loss is not too large.
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November 17, 2019, 05:15:40 PM
Last edit: November 17, 2019, 06:24:30 PM by oscarftw
 #310

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
Suppose new mobile wallet, Atomic wallet is very new wallet if you compare to others wallet. You know blockchain wallet has swap options but cost is more than 0.40 cents where atomic wallet is much low. In Google play store one scam wallet was uploaded by the name of Atomic wallet. This isn't fault of atomic wallet.
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November 17, 2019, 05:22:36 PM
 #311

You should trust the new wallet. It is very good and convenient to use. gradually more and more users will understand its benefits. Trust me you should try the new wallet.  Smiley
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November 17, 2019, 05:26:45 PM
 #312

I also don't like and don't trust the new wallet so much. Their goals are not the same, some wallets reveal your personal information and I absolutely hate it.
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November 17, 2019, 08:19:45 PM
 #313

Yes, i have been scammed with tron wallet that was T-Wallet plug in on Chrome
You shouldn't rely on those google chrome extensions, many reports about them are true and did hacked a lot of wallets. How much has been hacked to you? you must also learn that downloading any random extension wallet plugin/extensions is such a dangerous decision.
Trust only those reliable wallets.

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November 17, 2019, 08:34:13 PM
 #314

This is a good advice for everyone to heed to. Trusting your assets with new wallet that is yet to build any credibility for itself in the industry is risky. Anything can happen and they may decide to exit scam and go with user's funds.
This is really a big problem for those who participate in this market so it is best to only choose the wallet that is trusted by many people in this market and is appreciated in many other countries. There are hundreds of different wallets available now in PlayStore but only 20% of the wallets are the most trusted in the crypto market. Before keeping money where you should consult the people who have used and to think carefully.

Currently, only hardware wallets are the safest in the crypto market and if you have large assets then you have to buy to get the best security.
I dont actually agreeing with that, because how about the new projects or wallets that are being produced and let us say that they have better security and faster transaction than any other wallet. I can say that we should study first, learn every detail that the particular wallet have and you should check it out by not giving your money there but try to look at the reviews of that particular wallet if they are satisfied and they are really good to that wallet maybe you should trust them. Dont just judge all of them because there are also better projects coming and not all of them are dangerous.
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November 17, 2019, 09:39:54 PM
 #315

I think i am very satisfied with my current secure wallets like Imtoken and Trust wallet. There is no need for me fk jump into any new wallet no matter how attractive they promote and shill it. The safety of my digital assets is my priority
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November 17, 2019, 10:21:46 PM
 #316

I suggest you if you are looking for a new wallet do not directly search for PlayStore, because everyone can upload applications in Playstore. But you have to find an official source from who issued the wallet. Suppose you are looking for a Coinbase wallet, then you visit the Coinbase website, then search for the app. If not, then get ready to lose your assets.
Everyone must do a crowdsourcing so that they would really know what and where does the application or software is reliable to use. We need to know that new wallets is okay but the thing is we need others people feedback of the wallet that we want is secured and reliable. But for me just stick to old wallets they have been already proven that it is safe for us to use them like coinbase, imtoken and many more, you may also try using online wallet like myetherwallet .

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November 18, 2019, 03:35:45 AM
 #317

For Android: Let's say I download a wallet app from the PlayStore. Is it possible for that app to access other wallet apps and their info on my phone?
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November 18, 2019, 04:23:11 AM
 #318

I suggest you if you are looking for a new wallet do not directly search for PlayStore, because everyone can upload applications in Playstore. But you have to find an official source from who issued the wallet. Suppose you are looking for a Coinbase wallet, then you visit the Coinbase website, then search for the app. If not, then get ready to lose your assets.
Everyone must do a crowdsourcing so that they would really know what and where does the application or software is reliable to use. We need to know that new wallets is okay but the thing is we need others people feedback of the wallet that we want is secured and reliable. But for me just stick to old wallets they have been already proven that it is safe for us to use them like coinbase, imtoken and many more, you may also try using online wallet like myetherwallet .
Reading peoples feedback grant you a good basis before choosing new wallets to use, it's a must to do your research and not to allow yourself to engage to something that you don't have any deeper knowledge, We are talking about possible assets that you will going to keep, better to make
sure that you have good understanding before storing or using new wallet to hold your money.
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November 18, 2019, 05:06:53 AM
 #319

I think i am very satisfied with my current secure wallets like Imtoken and Trust wallet. There is no need for me fk jump into any new wallet no matter how attractive they promote and shill it. The safety of my digital assets is my priority
a right decision if you choose trust wallet or imtoken,
but it will be safer if you choose a hardware wallet such as Trezor or Ledger Nano, it's just that both wallets are paid, but I'm sure security is much better when compared to the application.
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November 18, 2019, 07:20:29 AM
 #320

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 agree. Scammers keep trying to take our money in various ways. One of them is by making a wallet in the android application. I think beginners will be very easily fooled by this online wallet-making applicator, so they will lose their money there.

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