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Author Topic: Finally Make the Move  (Read 518 times)
Stanlo (OP)
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April 17, 2020, 06:03:47 AM
 #1

Made a move yesterday after coming across few threads about coinomi wallet in wallets thread of this forum, missing funds, stolen recovery seeds, some said it's coinomi team, some blame SSL but I don't want this to happen to me, I finally switched to Trust wallet even though it's not fully open source, I hardly heard anything bad about the wallet.
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April 17, 2020, 06:54:31 AM
 #2

Made a move yesterday after coming across few threads about coinomi wallet in wallets thread of this forum, missing funds, stolen recovery seeds, some said it's coinomi team, some blame SSL but I don't want this to happen to me, I finally switched to Trust wallet even though it's not fully open source, I hardly heard anything bad about the wallet.

Trust wallet is better. This is owned by Binance so they made a lot of improvements on its features. Foe now, using multi wallet such as trust is better compared to other wallets. But the best one are hardwallets just that you need to pay considerable amount for this. But your security is assured. Which do you prefer? Free one but very risky or the other one that makes your asset safe? But for airdropa or bounty tokens you can use it. But for major coins such as bitcoin or ethereum you should use hardwallets or if no budget electrum and myetherwallet.

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April 17, 2020, 07:57:36 AM
 #3

Trust wallet even though it's not fully open source, I hardly heard anything bad about the wallet.

I still have my old coinomi updated but nothing is in side of it. I hope you didn't import your coinnomi to trust wallet? but only made asset transfer! You said trust wallet is not fully open source, does this mean they have something hidden? what can be the impication of this and why didn't they make it an open source? Thanks.
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April 17, 2020, 08:15:13 AM
 #4

Made a move yesterday after coming across few threads about coinomi wallet in wallets thread of this forum, missing funds, stolen recovery seeds, some said it's coinomi team, some blame SSL but I don't want this to happen to me, I finally switched to Trust wallet even though it's not fully open source, I hardly heard anything bad about the wallet.
It's also backed by the big exchange site. As far as i know, the hacked case ever happened with binance but it was replaced the user's fund who was getting impact caused by an attack from the scammer. That means if use a service that already made by big exchange site will give us a better guarantee for our money that already stored in the service that has already operated by this company.

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April 17, 2020, 09:08:09 AM
 #5

I really think you should consider a hardware wallet, they are the best but trust wallet is good enough, better than coinomi wallet for sure, trust wallet is managed by binance team and I'm sure the features are been upgraded gradually

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April 17, 2020, 09:10:40 AM
 #6

Trust wallet is from binance, that's good enough for me, secondly it's opensource as per my own research, some said half open source but I doubt it, github is up and running, been updated gradually, this is of course better than coinomi wallet

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April 17, 2020, 09:49:17 AM
 #7

There's nothing wrong with the Trust Wallet Bitcoin wallet, they are the same safe as the Electrum wallet. This is better than if you will use the custodial wallet but I didn't recommend to leave your fund for a long period of time. Instead, choose a hardware wallet for better security. There's is no 100% safe when you are online, so I assumed that it is 98% safe the rest might possible to cracked by scammers.

Follow these essential steps, 7 Essential Steps to Keep Your Crypto Wallet Secure.

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April 17, 2020, 10:04:43 AM
 #8

Made a move yesterday after coming across few threads about coinomi wallet in wallets thread of this forum, missing funds, stolen recovery seeds, some said it's coinomi team, some blame SSL but I don't want this to happen to me, I finally switched to Trust wallet even though it's not fully open source, I hardly heard anything bad about the wallet.
Yes, in this case it would be very difficult to blame anyone, because someone must have accurate evidence before accusing who did it, because as we know that the coinomi wallet is a wallet that is very trusted until now.

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April 17, 2020, 10:08:57 AM
 #9

Made a move yesterday after coming across few threads about coinomi wallet in wallets thread of this forum, missing funds, stolen recovery seeds, some said it's coinomi team, some blame SSL but I don't want this to happen to me, I finally switched to Trust wallet even though it's not fully open source, I hardly heard anything bad about the wallet.
No wallet is completely secured so if you are facing any issues with your wallet then better to switch as you said but for the ultimate security you can buy hardware wallet which is most secured crypto wallet compared to other wallet types.
Ridwan Fauzi
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April 17, 2020, 10:22:17 AM
 #10

Depend on your purpose, if you just have an intention to store a token which is based ethereum network then you will be fine.

But otherwise, you can't use Trust Wallet for token or coin that not based on ethereum network like Neo, EOS and etc, even you can't store bitcoin in it.

Also, I see a disadvantage of this wallet, namely there is not google authenticator feature which I think the security service is less.

Just use hardware wallet if you want really safe, all the security feature is only yourself.
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April 17, 2020, 10:22:52 AM
 #11

Made a move yesterday after coming across few threads about coinomi wallet in wallets thread of this forum, missing funds, stolen recovery seeds, some said it's coinomi team, some blame SSL but I don't want this to happen to me, I finally switched to Trust wallet even though it's not fully open source, I hardly heard anything bad about the wallet.
I think there are many wallets to choose from other than Trust wallet or Coinomi, I'm using a lot of cryptocurrency wallets before like the Atomic wallet, Imtoken wallet 2.0, Magnum wallet, Ethos, and many more so far I never encountered any problems regarding missing tokens, compromise seed Phrases, etc. thats why I'm thankful that I choose the better wallet which is not letting me down.
Saisher
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April 17, 2020, 10:41:03 AM
 #12

Made a move yesterday after coming across few threads about coinomi wallet in wallets thread of this forum, missing funds, stolen recovery seeds, some said it's coinomi team, some blame SSL but I don't want this to happen to me, I finally switched to Trust wallet even though it's not fully open source, I hardly heard anything bad about the wallet.

I have not yet read those threads about Coinomi issues I have small funds in Coinomi and will check if these are valid issues so I can transfer some of my coins to our wallet, I prefer Atomic and Exodus wallet over Trustwallet, but ledger wallet is still preferable if you want to keep your coins for long term.
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April 17, 2020, 11:02:33 AM
 #13

Made a move yesterday after coming across few threads about coinomi wallet in wallets thread of this forum, missing funds, stolen recovery seeds, some said it's coinomi team, some blame SSL but I don't want this to happen to me, I finally switched to Trust wallet even though it's not fully open source, I hardly heard anything bad about the wallet.

I do not get the full gist as regards the hacked/stolen coinomi wallet; i have been using coinomi for years without any difficulties whatsoever; i keep my btc there.
Its a good move for you; you cannot keep your wallet where your trust does not lie; trust wallet is equally good; i use it for my erc 2o tokens because it is more easier than the coinomi app.

Always do your own research.
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April 17, 2020, 11:32:25 AM
 #14

No wallet is completely secured so if you are facing any issues with your wallet then better to switch as you said but for the ultimate security you can buy hardware wallet which is most secured crypto wallet compared to other wallet types.
Indeed, if we look at a good level of security is located in the hardware wallet, and that is the last solution that is very bags, only in this case not everyone can afford to buy or get a hardware wallet, so some people in crypto must choose a device wallet software that is truly trusted in order to save the assets they get from their work.

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April 17, 2020, 11:50:09 AM
 #15

Trust wallet even though it's not fully open source, I hardly heard anything bad about the wallet.

I still have my old coinomi updated but nothing is in side of it. I hope you didn't import your coinnomi to trust wallet? but only made asset transfer! You said trust wallet is not fully open source, does this mean they have something hidden? what can be the impication of this and why didn't they make it an open source? Thanks.

If we examine in depth between coinomi wallet and trust wallet are both good and trusted wallets, only if we put the wrong key in the private key, then this is a very dangerous thing, because before we accuse others of being guilty, we must correct ourselves first ourselves, have we ever been wrong in putting our personal keys in a different wallet.

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April 17, 2020, 11:54:02 AM
 #16

Made a move yesterday after coming across few threads about coinomi wallet in wallets thread of this forum, missing funds, stolen recovery seeds, some said it's coinomi team, some blame SSL but I don't want this to happen to me, I finally switched to Trust wallet even though it's not fully open source, I hardly heard anything bad about the wallet.
It's a good move, Trust wallet is the best wallet in the market so when you move there I believe you will never have security issues. And your property will always be safe. I have been using it for almost 3 years but I have never lost any token or ETH
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April 17, 2020, 12:12:07 PM
 #17

best of all, just buy yourself a cold wallet. you can order the simple Trezor for $ 50 and be calm about the fact that your money is safe. It is very easy to use. stop looking for alternative hot wallets. they all to safe for 100 percent






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April 17, 2020, 12:34:44 PM
 #18

Made a move yesterday after coming across few threads about coinomi wallet in wallets thread of this forum, missing funds, stolen recovery seeds, some said it's coinomi team, some blame SSL but I don't want this to happen to me, I finally switched to Trust wallet even though it's not fully open source, I hardly heard anything bad about the wallet.
If there are issues with the wallet that  you are currently using and you have a good amount of money that were stored there then it is wise to transfer to another wallet that you will feel more secure. I like your decision as you didn't wait for the moment that you will face any problem before you transfer and I saw that you are wise decision maker.

Other should follow your lead by making sure that they are updated to the news that are happening to the wallet that they are currently using so they can avoid losing their funds.

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April 17, 2020, 12:37:16 PM
 #19

I found a thread that disscussed about coinomi and I got a conclusion that everything in related to third party service will be gone to scam at the and, with one note the third party didn't get the profit anymore. Let say, if binance exchange which is considering has a good team and good reputation can be scammed when they didn't get any profit. As of now, the third party service will always give a good service because they want more profit behind it. This is what happen in coinomi if I may predicted, they might didn't get the profit as they want anymore. As a suggestion, you can choose decentralized exchange if you wish or buy hardwere wallet if you have money.
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April 17, 2020, 01:09:35 PM
 #20

It's good that use choose trust wallet over coinomi, their GitHub is not updated like trust wallet, team aren't helpful too, I heard they have bad behaviors towards their users

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