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Author Topic: Never try any Wallet for freebies, Use only trusted Wallets  (Read 230 times)
pakhitheboss (OP)
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August 11, 2020, 03:05:30 PM
Last edit: August 11, 2020, 03:26:09 PM by pakhitheboss
Merited by jademaxsuy (1)
 #1

I have come across couple of posts in recent times where members have been trying random wallets and losing their funds. The reason which I assume is, there might be an offer for downloading the wallet(airdrop) or they were part of a bounty program or they might want to try something new.

I would request all members to stop doing it, if you have then please empty those wallets as you might lose your funds.

Wallets are not meant to be tested or tried. You might lose all of your assets if you do so, as in the past many members here have already done that.

Use only those wallets that have been recommended here in this forum or those which are trusted globally. If you have any queries about any wallet then ask here in this forum before using them.

As per my suggestion these are the wallets you should use.

Bitcoin Wallets -
  • Wasabi Wallet - info
  • Samourai Wallet - info

Mutlicryptocurrency wallets -
  • Atomic Wallet - info
  • Guarda Wallet - info

DYOR.

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Reply with quote  #2

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August 11, 2020, 03:18:45 PM
 #2

I would recommend electrum [1] because it's easy to use and safe or hardware wallet (e.g. trezor [2], ledger [3]). Atomic and Guarda are operated from the same scammer [4] seems not trustworthy IMO.


[1] https://electrum.org/
[2] https://trezor.io/
[3] https://www.ledger.com/
[4] https://bitcointalk.org/index.php?topic=5049346.msg46811098#msg46811098



Your link is broken, you need to remove http://" "

Code:
[li][url=http://"https://cointikka.com/wasabi-wallet/"]info[/url][/li] 

Bitcoin Wallets -
  • Wasabi Wallet - info
  • Samourai Wallet - info

Multicryptocurrency wallets -
  • Atomic Wallet - info
  • Guarda Wallet - info


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August 11, 2020, 03:26:25 PM
Last edit: August 11, 2020, 03:37:43 PM by OcTradism
Merited by pakhitheboss (1)
 #3

Two pinned threads in Beginners & Help:
- [General] Bitcoin Wallets - Which, what, why?
- Verifying Bitcoin Core
You did forgot the important step before do installation and use wallets: verify it.
How to Safely Download and Verify Electrum

Learn to recover wallet with [overview] Recover Bitcoin from any old storage format


[HUGE LIST] Useful Crypto Links !!! shows many bitcoin and altcoin wallets. It is a huge list so DYOR.

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August 11, 2020, 03:28:58 PM
 #4

I have come across couple of posts in recent times where members have been trying random wallets and losing their funds. The reason which I assume is, there might be an offer for downloading the wallet(airdrop) or they were part of a bounty program or they might want to try something new.

It's not that these bounty participants are using random wallets. There are coin projects that do have their own standalone wallet so it's part of the requirements. Participants have no way to receive their rewards on other wallets. Of course, these people I think will not use the wallet for storing purposes of other cryptos as I mentioned, it's standalone or in case of multi-wallet, I doubt they will deposit some money here since after all, why not just directly send their funds to a trading platform where that coin/token is listed if they want to trade with it.

Generally, people have different preferences. As recommended, be familiarized using a non-custodial wallet and just used exchange service or web wallet if there's a purpose like buying or selling for convenience.

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pakhitheboss (OP)
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August 11, 2020, 03:29:51 PM
 #5

I would recommend electrum [1] because it's easy to use and safe or hardware wallet (e.g. trezor [2], ledger [3]). Atomic and Guarda are operated from the same scammer [4] seems not trustworthy IMO.


[1] https://electrum.org/
[2] https://trezor.io/
[3] https://www.ledger.com/
[4] https://bitcointalk.org/index.php?topic=5049346.msg46811098#msg46811098



Your link is broken, you need to remove http://" "

Code:
)[li][url=http://"https://cointikka.com/wasabi-wallet/"]info[/url]/li] 

Bitcoin Wallets -
  • Wasabi Wallet - info
  • Samourai Wallet - info

Multicryptocurrency wallets -
  • Atomic Wallet - info
  • Guarda Wallet - info



Hey Thnaks for noticing the error and notifying me.

Quote

Not everyone can afford it therefore I did not recommend them. Indeed they are the safest no doubt about it. Thanks for the update.

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pakhitheboss (OP)
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August 11, 2020, 03:35:02 PM
 #6

I have come across couple of posts in recent times where members have been trying random wallets and losing their funds. The reason which I assume is, there might be an offer for downloading the wallet(airdrop) or they were part of a bounty program or they might want to try something new.

It's not that these bounty participants are using random wallets. There are coin projects that do have their own standalone wallet so it's part of the requirements. Participants have no way to receive their rewards on other wallets. Of course, these people I think will not use the wallet for storing purposes of other cryptos as I mentioned, it's standalone or in case of multi-wallet, I doubt they will deposit some money here since after all, why not just directly send their funds to a trading platform where that coin/token is listed if they want to trade with it.

Generally, people have different preferences. As recommended, be familiarized using a non-custodial wallet and just used exchange service or web wallet if there's a purpose like buying or selling for convenience.

Oh!

I forgot to share the link of the project that made me realize I should create a topic on this board. The link of the topic is - https://bitcointalk.org/index.php?topic=5265500.msg54896856#msg54896856

Please do go and check it .

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August 11, 2020, 03:41:52 PM
 #7

I trust the guy who gave me a free prize hardware wallet, and I plan to start to use it fairly soon. Maybe I will post the address so that the members here can monitor it ( if they are interested ). Smiley

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August 11, 2020, 03:55:05 PM
 #8

Wallets are not meant to be tested or tried.
I like these words. Yes, the wallet can not be tested purpose. It 's always a serious matter and it also a matter of money. So if anybody tries any wallet for testing purposes and store their money in the wallet, it's very risky if it will an unknown wallet.

Here is a topic created by me about the top 50 coins (according to CMC) official wallet links. You may visit there: Top 50 coin's Desktop+Android+iOS wallets . Newbies be aware about fake wallet.


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August 11, 2020, 04:28:07 PM
 #9

I would recommend electrum [1] because it's easy to use and safe or hardware wallet (e.g. trezor [2], ledger [3]).

I disagree.
OP actually made a good choice. Wasabi and Samourai are good wallets to recommend.

They do not only support the basic features (like CPFP), but also advanced features electrum does not have (i.e. CoinJoin, PayNyms, ..).
It is way easier to preserve privacy when using Wasabi or Samourai than when using electrum.

However, for newbies.. electrum probably is easier to use and understand.


But IMO we shouldn't recommend newbies a wallet, which heavily invades your privacy, but rather suggest some which actually do something for your privacy.

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August 11, 2020, 04:36:55 PM
 #10

I have come across couple of posts in recent times where members have been trying random wallets and losing their funds. The reason which I assume is, there might be an offer for downloading the wallet(airdrop) or they were part of a bounty program or they might want to try something new.
Some people may have this problem, moreover for newbies or those who are interested in such a reward by downloading that kind of new wallets. It happens if they only focus on the reward or the advantages of using the new wallet, but they pay no attention on the risks.

Wallets are not meant to be tested or tried.
That's right. Never try any new wallet if you do not know about them exactly. It is for the shake of the security of your funds in that wallet.
However, some people may precisely have willing to test a certain new wallet in order to know their transaction, system, speed, security, fees, and more. However, those must be the one that has had good research and experience on it. In this case, they will probably purposively send certain amount to the new wallet and test it. but if we are not experienced in it, better not to do that.

It is better to always check and research the reviews of the wallet before using it. Or we can also find the information about the wallet in any trusted source.

R


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August 11, 2020, 04:47:11 PM
 #11


I would request all members to stop doing it, if you have then please empty those wallets as you might lose your funds.

Wallets are not meant to be tested or tried. You might lose all of your assets if you do so, as in the past many members here have already done that.


I agree you should read independent reviews about a new wallet and also check the people behind their project also check the source of the wallet if you don't know how to read then read reviews about their source code and until they are sure that the new wallet is worthy of the trust of the community you can then proceed using it, but until then go on a more secured wallets.

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August 12, 2020, 10:59:29 AM
 #12

Wallets are really not meant to be tested or tried because your funds depends on it and it would be a risk, especially if you put a huge amount of money. It is why before we buy cryptocurrencies we should make sure that the wallet we are about to use is trusted and safe, so we could not worry about our funds.

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August 12, 2020, 11:33:05 AM
 #13

You are right, there are many applications and wallets in the store, and most of them are scams. It is better to avoid working with these applications and rely only on old, reliable applications from wallets such as blockchain and coinbas.
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August 12, 2020, 11:43:12 AM
 #14

It is better to avoid working with these applications and rely only on old, reliable applications from wallets such as blockchain and coinbas.

Neither blockchain.com nor coinbase are wallets which should be recommended.

You shouldn't recommend any web wallets or custodial wallets at all.
And if you are referring to the open source android wallet by coinbase, it seems like almost no one has looked at the code. So not really recommendable.

There are enough reputable wallets to choose from, i.e. bitcoin core, wasabi and electrum.

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August 12, 2020, 11:43:38 AM
 #15

Wallets are really not meant to be tested or tried because your funds depends on it and it would be a risk, especially if you put a huge amount of money. It is why before we buy cryptocurrencies we should make sure that the wallet we are about to use is trusted and safe, so we could not worry about our funds.

Since a lot of wallets are now shooting up, a user should be very careful in installing these wallets as most of them will just screw your funds. Not all apps from google play are to be trusted. And most of them will disappear without a trace. So don't be tempted with rewards or bonuses, check for the legitimacy of the wallet.
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August 12, 2020, 01:04:03 PM
 #16

Why use that types of wallets when you have core wallets . I know maybe it would take few days till your wallet will be synchronized to the blockchain but your funds will be safe

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August 12, 2020, 01:07:55 PM
 #17

Generally, people have different preferences. As recommended, be familiarized using a non-custodial wallet and just used exchange service or web wallet if there's a purpose like buying or selling for convenience.
I agree. Most users are tend to download random apps or wallets. Actually its not bad to use those like trustwallet, enjin and atomic for multi crypto. Just make sure that anyone uses those are only for light usage.

Im not gonna stored my funds to an app that is not trusted. But as Ive used trustwallet it seems very convenient especially if you will connect to a dex like uniswap but remember to transfer fund  to a non custodial after that.

for bitcoin wallet used electrum 100% guaranteed safe. Unless you can download the bitcoin core which is highly recommended.



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August 12, 2020, 02:40:48 PM
 #18

Wallets are really not meant to be tested or tried because your funds depends on it and it would be a risk, especially if you put a huge amount of money. It is why before we buy cryptocurrencies we should make sure that the wallet we are about to use is trusted and safe, so we could not worry about our funds.

Since a lot of wallets are now shooting up, a user should be very careful in installing these wallets as most of them will just screw your funds. Not all apps from google play are to be trusted. And most of them will disappear without a trace. So don't be tempted with rewards or bonuses, check for the legitimacy of the wallet.
In my 2 years in cryptoworld the wallets i only use are
FOR BITCOIN
BLOCKCHAIN. COM
So you can expect the error on your wallet at any time, blockchain.com wallet is full of bugs and sometime people never received their authorization emails to login to their wallet which made their funds to lose.You can move to better wallet like electrum if you are not going to store in hundreds of thousands.

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August 12, 2020, 03:31:19 PM
 #19

Aside from crypto wallets offering free things for you to try them out there are also fake wallets that impersonate the official ones which is basically a phishing app trying to fool you. These fake wallets are available for download in both Google and Apple Store as they are barely screened by the companies and it is hard to watch out for them not unless you look at their reviews as well as feedbacks from other people. Always check the details of their app page to see if what you are downloading is the official one.
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August 13, 2020, 07:49:23 PM
 #20

I agree with you that using well-known and reliable wallets is safer than using new and unsafe wallets, which are likely to be fraudulent and aim to steal, as there are many new and fraudulent wallets that steal by presenting some offers and inducements that push a person to register
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