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Author Topic: Freewallet or Atomic Wallet?  (Read 445 times)
ABCbits
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April 24, 2021, 08:48:50 AM
Merited by Oshosondy (1)
 #21

Atomic wallet is closed source. Their actual claim is they use open-source library.
Changed. That means it is hard to see any altcoin open source wallet, or is there any open source altcoin wallet?

Yes, there are very few open source multi-crypotcurrency wallet. Here are few example that i know (WARNING: i didn't perform thoughtful research, please DYOR),
1. https://brd.com/
2. https://edge.app/bitcoin-wallet/
2. https://guarda.co/

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April 24, 2021, 09:56:00 AM
 #22

Thank you.
Electrum is just for the Bitcoin Sad
I need something like Atomic Wallet. Any suggestion? I found Guarda Wallet.
 
I use Atomic Wallet for almost 6 months and I do not have any problem so far.
I installed an Atomic wallet on my mobile phone, but I never say to anyone about that wallet.
I kept everything related to Atomic wallet in a secret place so that no one will know about that.


That is the basic thing you need to know when you want to install a mobile phone wallet.
I do not know about Guarda, but I also installed Trust wallet on my other phone and so far, it works good for me.

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April 24, 2021, 11:03:40 AM
 #23

Thank you.
Electrum is just for the Bitcoin Sad
I need something like Atomic Wallet. Any suggestion? I found Guarda Wallet.
 
Guarda wallet is fully open source I heard, I'm not 100% sure about this, also trust wallet is open source they claimed but do some research on these two wallets and make a pick, I'm currently using trust wallet and it's been months already

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April 24, 2021, 01:23:44 PM
 #24

I use Atomic Wallet for almost 6 months and I do not have any problem so far.
Atomic wallet is close source wallet, also not supporting segwit. During Bitcoin transaction, do you know you will use lower fee for segwit transactions? I can not use a wallet that do not supports segwit.

but I also installed Trust wallet on my other phone and so far, it works good for me.
Why are people just like close source wallet, I can not recommend anyone to use close source wallet. I will prefer wallet that its source code is open source, so I will be able to know what codes my wallet is using.

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April 24, 2021, 06:02:55 PM
 #25

....I need something like Atomic Wallet. Any suggestion? I found Guarda Wallet.
Non-custodial wallets like Coinomi and Trust Wallet are your other options if you don't mind the risk of closed source. Make sure you download it from their official website since there are a lot of clone or fake wallets. May I ask why do you insist on a mobile multi-currency wallet? Ledger hardware wallet also supports many cryptocurrencies.

R


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April 25, 2021, 09:20:30 AM
 #26

I use Atomic Wallet for almost 6 months and I do not have any problem so far.
Atomic wallet is close source wallet, also not supporting segwit. During Bitcoin transaction, do you know you will use lower fee for segwit transactions? I can not use a wallet that do not supports segwit.

but I also installed Trust wallet on my other phone and so far, it works good for me.
Why are people just like close source wallet, I can not recommend anyone to use close source wallet. I will prefer wallet that its source code is open source, so I will be able to know what codes my wallet is using.
I think that is because people do not want to bother writing or remember something that seems too long for them.
For example, if they write the keyphrase or password in notepad or paper or anything else, they need to think where they need to keep it.
Some people are not comfortable remembering a place to store that thing.
So maybe the close source wallet will be good for them as they do not have to do other things and that is an easy way for them to store their coin.
We prefer to use an open-source wallet, but we can also suggest people use a wallet that is the close source.
If they can learn more about bitcoin, they will find out which wallet will be the best for them. Let them learn by the first time, and then add more information to know more about bitcoin.

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April 25, 2021, 09:32:02 PM
 #27

Thank you.
Electrum is just for the Bitcoin Sad
I need something like Atomic Wallet. Any suggestion? I found Guarda Wallet.
 
Well, just try Coinomi if you have a plan to store altcoins too aside from bitcoin. But the thing that I don't like in Coinomi is the fee will perhaps that update very well to the network. Regarding your title, just avoid using Freewallet for your crypto assets, I saw a lot of thread here that full of a complaint by that custodial wallet asking you a KYC or moreover, freezing your fund without any valid reason, in that way perhaps they will scam their users. However, I had like to suggest you if you will store bitcoin just only just a wallet that for bitcoin purposes and don't use for a bitcoin wallet that supports multi coins. If you are going to ask me, -- Electrum still the best bitcoin wallet for now.









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April 26, 2021, 12:17:18 PM
 #28

Thank you so much.
The Coinomi wallet support more coins or Trust Wallet?

I checked a review about each of them:

The Coinomi wallet:       https://99bitcoins.com/bitcoin-wallet/coinomi-review/
The Trust Wallet wallet: https://cryptoew.com/top-wallets/trust-wallet-review/

I know the Guarda wallet fee is high. How about the Coinomi and Trust Wallet? These wallets checking the users IP address?
When a wallet is close source, then could it mean it is a scam or their developers steal user's coins?
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April 26, 2021, 06:35:56 PM
 #29

Thank you so much.
The Coinomi wallet support more coins or Trust Wallet?

I checked a review about each of them:

The Coinomi wallet:       https://99bitcoins.com/bitcoin-wallet/coinomi-review/
The Trust Wallet wallet: https://cryptoew.com/top-wallets/trust-wallet-review/

I know the Guarda wallet fee is high. How about the Coinomi and Trust Wallet? These wallets checking the users IP address?
When a wallet is close source, then could it mean it is a scam or their developers steal user's coins?

Compared to Coinomi i recommend you use Trustwallet.  for a wider range of uses such as storing bitcoins or connecting to defi projects, Trustwallet is preferable.  besides that, trustwallet also provides a bitcoin custom-fee feature. (you can do more research and hopefully you can find one that is truly comfortable with you)

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April 28, 2021, 07:10:58 AM
 #30

Thank you, but Trust Wallet doesn't support EOS Sad
The non-custodial wallets could block people coins?
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May 06, 2021, 07:58:29 PM
 #31

Hello,
Some exchanges like the Binance and some wallets have blocked some countries. When a wallet is non-custodial, then can it block people assets?
Trust Wallet is for the Binance and is a non-custodial wallet and that exchange blocked the US and some countries. Is Trust Wallet dangerous to use? When that wallet is non-custodial, then can it block assets?
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May 07, 2021, 07:54:57 AM
 #32

Some exchanges like the Binance and some wallets have blocked some countries. When a wallet is non-custodial, then can it block people assets?
Trust Wallet is for the Binance and is a non-custodial wallet and that exchange blocked the US and some countries. Is Trust Wallet dangerous to use? When that wallet is non-custodial, then can it block assets?

Trust wallet have their own servers and in theory they can block specific countries for transactions, but your coins should be fine if you keep your backup phrase safe.
I am not using this wallet so I can't confirm it if they actually block someone, however something like vpn services can help you to change your location, but I would suggest using different wallets.
Trust wallet is not my wallet of choice and I would suggest using Electrum, Wasabi, BlueWallet and other open source software and hardware wallets.

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May 07, 2021, 09:29:09 AM
 #33

Hello,
Some exchanges like the Binance and some wallets have blocked some countries. When a wallet is non-custodial, then can it block people assets?
Non-custodial means you are in control of your finances. The recovery phrase you have or the individual private keys of funded addresses is what guarantees that control. If Trust wallet or another BIP39 wallet went out of business tomorrow, you would take your seed and regain access to your coins through another wallet. 

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capitan_rocotan
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May 11, 2021, 02:33:10 PM
 #34

Deciding between those two wallets, I'd vote for Freewallet. I find it more secure thanks to the fingerprint login and the email confirmation.
Also, they got a Multi-currency app where you can store up to 150 coins and tokens.
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May 11, 2021, 02:50:42 PM
Merited by Yogee (1)
 #35

Deciding between those two wallets, I'd vote for Freewallet. I find it more secure thanks to the fingerprint login and the email confirmation.
Also, they got a Multi-currency app where you can store up to 150 coins and tokens.

Of course, what else would you choose but a wallet to which you are business-related - but the reputation of your service is catastrophic by the standards of this forum - fortunately there are enough of us who know how to look at what is below the surface.

Well, strategies are cool, but I've always preferred different giveaways. And thanks to Chrismas, we got many of them. Currently, I'm taking part in one from the Freewallet team.

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Yogee
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May 11, 2021, 03:32:29 PM
 #36

Deciding between those two wallets, I'd vote for Freewallet. I find it more secure thanks to the fingerprint login and the email confirmation.
It's still a centralized security no matter how you portray that as good. You cannot remove the fact that they lock user's funds.

Of course, what else would you choose but a wallet to which you are business-related - but the reputation of your service is catastrophic by the standards of this forum - fortunately there are enough of us who know how to look at what is below the surface.

Well, strategies are cool, but I've always preferred different giveaways. And thanks to Chrismas, we got many of them. Currently, I'm taking part in one from the Freewallet team.
I think he meant he is a participant in a giveaway that was hosted by his favorite wallet. Either way, he is a shill of that wallet just by looking at his post history.

It was also nice that this topic was moved to this board since it took him a while to find this thread hehe. hack3rcon was already educated of the danger of custodial wallets.

R


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May 11, 2021, 06:56:01 PM
 #37

Deciding between those two wallets, I'd vote for Freewallet. I find it more secure thanks to the fingerprint login and the email confirmation.
Also, they got a Multi-currency app where you can store up to 150 coins and tokens.
You said thanks to the fingerprint login? Did you actually know fingerprint has more negative side than using normal password. Like if you are with untrusted person like friends, they can use the privilege to get access to your wallet easily, like maybe when you are sleeping, all they need is your phone and finger to access your wallet. Using password will be better and safer.

Freewallet do freeze funds and block accounts.

Free wallet is custodial which is not a recommended way of saving cryptocurrencies.

In fact, freewallet is not a good wallet.

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May 12, 2021, 09:55:29 AM
 #38

I think he meant he is a participant in a giveaway that was hosted by his favorite wallet. Either way, he is a shill of that wallet just by looking at his post history.

I didn’t focus on what he was trying to construct in that post (promotion giveaway), but on the fact that it’s about someone who is also more than obviously part of their team. Given their reputation, this kind of promotion is really proof that they want to gain as many users as possible in all possible ways - and if we save only one, we have already done something good.

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hack3rcon (OP)
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May 12, 2021, 10:38:54 AM
 #39

Hello,
Some exchanges like the Binance and some wallets have blocked some countries. When a wallet is non-custodial, then can it block people assets?
Non-custodial means you are in control of your finances. The recovery phrase you have or the individual private keys of funded addresses is what guarantees that control. If Trust wallet or another BIP39 wallet went out of business tomorrow, you would take your seed and regain access to your coins through another wallet. 
If I enter my Trust Wallet phrase keys to another non-custodial wallet like Atomic Wallet, then I can see my assets?
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May 12, 2021, 12:44:52 PM
 #40

If I enter my Trust Wallet phrase keys to another non-custodial wallet like Atomic Wallet, then I can see my assets?

In theory, this should work - but the most common problem is that different wallets use different derivation paths, which then does not automatically generate the identical wallet (private keys) you want to recover.  Specifically as far as the Atomic wallet is concerned, I found this answer to a similar question :

Our import function is working as a regular transaction. So when you are importing your keys/phrase to Atomic Wallet, your assets will be transferred as a blockchain transaction with a network fee paid to miners.
That is correct, your XRP and EOS addresses have to be activated in the wallet. As Atomic produces your new unique addresses for every coin.
Our 12-word mnemonic seed is compatible with any wallet supporting 12-word mnemonic phrase. The way your assets will be transferred from Atomic is determined by the wallet you are importing your keys/phrase to

This means that they do not support the classic seed/private keys import, but only the sweep option.

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