ATS Wallet is One of the Best Cryptocurrency Storage Wallets Available

[maniacmusic]

ATS wallet is gaining popularity as one of the best cryptocurrency storage wallets in the digital world. And the reason for it is the plethora of features it offers to every user. ATS wallet allows every person to invest and transfer cryptocurrencies in a secure manner. And it keeps on updating its security protocols to ensure secure cryptocurrency transactions.

It is one of the five largest storage wallets in the US and it is available for both iOS as well as Android devices. ATS wallet uses distributed backwards security technology to provide complete security for cryptocurrency deposits of users. It keeps 90% of the funds in cold storage which helps to keep hackers away from its cryptocurrency vaults.

https://businessdeccan.com/ats-wallet-is-one-of-the-best-cryptocurrency-storage-wallets-available-in-the-digital-world/

[sheenshane]

It keeps 90% of the funds in cold storage which helps to keep hackers away from its cryptocurrency vaults.

So, this wallet has been used the third party service where to keep the fund?
I just wonder why it's only 90% instead of 100%.

I never heard this wallet and isn't quite popular here. Once we consider a good wallet it means we are controlling the private key and it is fully open-source wallet.

It's look likes custodial wallet isn't it?

[o_e_l_e_o]

Claims to be a top 5 wallet despite no one having heard of it and only a handful of downloads.
Claims to keep 90% of users' funds in cold storage with no proof, but is therefore custodial.
Has their own pointless token.
Claims their token will offer x50 returns.
Claims FDIC insurance with no proof.
Claims 90% ROI per year with staking.
Placeholder website - https://atswallet.io/
Not open source, no GitHub.
Apps flooded with obviously fake and paid for reviews.

Yup, this is going to be HARD pass from anyone with sense.

[Chikito]

status of company is inactive https://florida.intercreditreport.com/company/abacon-technology-solutions-llc-l13000092172

Are insurance accepting an inactive company where the company storing customer funds?

[dkbit98]

If maniacmusic and businessdeccan say ATS is best cryptocurrency wallet in the whole universe than it must be true   not.

I never even heard of it, and I like to check out most new wallets.
Article compared it with Coinomi and Coinbase and that is ridiculous

[crwth]

I haven't heard of this and probably not going to be participating or using one knowing that it gives some "too good to be true" claims just like what o_e_l_e_o posted. I don't think what they have is an innovation though. Nothing new or special, I guess?

It keeps 90% of the funds in cold storage which helps to keep hackers away from its cryptocurrency vaults.

So, this wallet has been used the third party service where to keep the fund?
I just wonder why it's only 90% instead of 100%.

Maybe it's for fast transactions? Like the small amounts transacted by users and making it a hot wallet. So they probably don't need to manually check small amounts. Idrk.

[hugeblack]

I think you need to advertise that wallet in a place where users don't know about cryptocurrencies to be able to scam them.
A lot of claims and few features, which indicates of scam wallet.
Not your keys, Not your coins. If you plan to keep user’s fund in your cold storage what is the difference between you and exchanges? At least those exchanges require some KYC, have registration and a lot of information.
Does your wallet work like a bank and return funds if there is a hack?

[logfiles]

Another fake wallet claiming to be one of the top 5 wallets in the US  

It is one of the five largest storage wallets in the US and it is available for both iOS as well as Android devices

Source: https://businessdeccan.com/ats-wallet-is-one-of-the-best-cryptocurrency-storage-wallets-available-in-the-digital-world/

With 533 fake reviews as of today. All the 533 reviews are either 5 or 4 star rated. None is rate 1, 2 or 3 stars.

The reviews were made in batches on particular dates. This clearly shows they are all fake reviews

December 18, 2019
February 28, 2020
July 6, 2020
July 7, 2020
July 8, 2020
July 14, 2020

[The Sceptical Chymist]

It's look likes custodial wallet isn't it?

That sure as hell sounds like what it is, sort of like Coinbase's "vault" feature (not sure if they still have that or not since I haven't used Coinbase in years) and Xapo for that matter. 

Claims to be a top 5 wallet despite no one having heard of it and only a handful of downloads.

Glad I'm not the only one who's never heard of this thing. 

And when you make a claim like this:

It is one of the five largest storage wallets in the US

when it seems like a brand new wallet or an obscure one that hasn't gained any traction, that raises all sorts of red flags in my mind.

Claims FDIC insurance with no proof.
Claims 90% ROI per year with staking.

I didn't read the links OP provided, but both of those claims are ridiculous on the face of them.  FDIC isn't providing any insurance for cryptocurrency, nor is a 90% return for any staking coin reasonable.  Hopefully none of the greedy suckers fall victim to this chicanery.

[khaled0111]

I used Google search to find more information regarding this wallet but didn't find anything beside few articles on unreliable sources and all of them stating the same claims we can read here.
There is also an app on Google Play with 4.8 rating but most likely it's a fake and manipulated rating.

Can't figure out the intent behind sharing this article!

It's a scam.

this is what I think too but there is no link to a website or to download anything, wich is a bit weird!

[o_e_l_e_o]

Can't figure out the intent behind sharing this article!

It's a scam. We can all stop bumping this thread now.