Most newbies don't know this

[KiaKia]

I just found out that even if you open 100 ETH addresses using Metamask, once your key is been compromised all the 100 ETH addresses are gone, but in case of Trust wallet each addresses has different recovery seed ..

If you don't know this before you should know now, please take note, some people are using Metamask multiple wallet addresses and they don't understand the risk involved.

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[jackg]

I haven't used trust wallet for ethereum but I assume it works the same as metamask in just using one address.

You use the same seed for everything in both. Trust wallet likely cycles through addresses you can use for most coins but everything depends on the one seed.

You can also add accounts/addresses to metamask and switch between them (either using the same seeds or different).

Ultimately this is a choice of coin though. Ethereum doesn't have built in and easy privacy functions like bitcoin and other networks do/enforce. Trust wallet has more coins than metamask and a greater compatibility with other networks but isn't open source so will always have a reliability concern.

[Stalker22]

I just found out that even if you open 100 ETH addresses using Metamask, once your key is been compromised all the 100 ETH addresses are gone, but in case of Trust wallet each addresses has different recovery seed ..

A recovery seed and a private key are not the same thing. It is possible that this was just a typo, but it is important to clarify the distinction between these two terms.

A recovery seed, also known as a seed phrase or mnemonic phrase, is a series of words that are used to restore access to a cryptocurrency wallet. It is essentially a backup of your wallet and can be used to regain access to your funds if you lose your password or you accidentally delete your wallet.

On the other hand, a private key is a unique, secret code that is used to authorize transactions on the blockchain. And, as far as I know, each ETH address has its own unique private key.

It is important to keep both of these pieces of information secure and private, as anyone who has access to them could potentially gain access to your funds. But, it is also important to note that if you lose one private key, it will not compromise all other addresses of your wallet. Therefore, your statement above is incorrect.

[BlackHatCoiner]

I just found out that even if you open 100 ETH addresses using Metamask, once your key is been compromised all the 100 ETH addresses are gone

I'm not into Ethereum or Metamask, but when you say key, do you perhaps mean "master private key"? If Metamask generates addresses deterministically (it most likely does, there has to be an Ethereum Improvement Proposal about that), then knowledge of the master private key will grant access to each address' private key.

but in case of Trust wallet each addresses has different recovery seed ..

That is not correct. Knowledge of the Trust wallet's seed phrase does grant you access to the entire wallet; not to just one address.

[Myleschetty]

I just found out that even if you open 100 ETH addresses using Metamask, once your key is been compromised all the 100 ETH addresses are gone, but in case of Trust wallet each addresses has different recovery seed ..

If you don't know this before you should know now, please take note, some people are using Metamask multiple wallet addresses and they don't understand the risk involved.

You have a point but do you know that Metamask is better than Trustwallet because is it completely open-source while Trust wallet is not even though they claim their wallet is open-source?
Meanwhile, the most important thing every cryptocurrency need to understand is the pro, and cons of using every crypto wallet they use to store their coins and they also need to avoid human error.

[NeuroticFish]

Stop giving your private keys or wallet seed to every tool asking for them. If you really really want to give out all that, make a special wallet only for that purpose and keep very small amount of funds on it. And yeah, pretty much count it as compromised.

Maybe also helps keeping the bulk of the coins on hardware wallet. It may make you think twice before you go looking for your seed backup because whatever software was asking for it.


Also, as already said, you should try to read about more and understand the words/terms you're using. Now you make a confusion and get corrected, no big deal. Tomorrow you make a confusion that leads to a mistake and you lose money, not good.

[KiaKia]

I just found out that even if you open 100 ETH addresses using Metamask, once your key is been compromised all the 100 ETH addresses are gone, but in case of Trust wallet each addresses has different recovery seed ..

If you don't know this before you should know now, please take note, some people are using Metamask multiple wallet addresses and they don't understand the risk involved.

You have a point but do you know that Metamask is better than Trustwallet because is it completely open-source while Trust wallet is not even though they claim their wallet is open-source?
Meanwhile, the most important thing every cryptocurrency need to understand is the pro, and cons of using every crypto wallet they use to store their coins and they also need to avoid human error.

Metamask is not fully open source.

[Jawhead999]

Metamask is not fully open source.

So can you answer few questions from the above users? it's seed phrase, master private key or each address private key? it's better for you to explain how it's work and why it can access to the whole wallet too.

Both Metamask and Trust Wallet is almost similar where it's contain same risk due to web wallet and closed source. Better to stick with hardware wallet and write the seed phrase in a strong material.

[_morghulis]

I just found out that even if you open 100 ETH addresses using Metamask, once your key is been compromised all the 100 ETH addresses are gone, but in case of Trust wallet each addresses has different recovery seed ..

If you don't know this before you should know now, please take note, some people are using Metamask multiple wallet addresses and they don't understand the risk involved.

How exactly does that works? I have metamask wallet and each time I import my account using private key it only import one account so I don't quite get how it's possible for someone to get access to all my account when they only have the key to just one of my account. It sounds unreal.

[danherbias07]

I just found out that even if you open 100 ETH addresses using Metamask, once your key is been compromised all the 100 ETH addresses are gone, but in case of Trust wallet each addresses has different recovery seed ..

If you don't know this before you should know now, please take note, some people are using Metamask multiple wallet addresses and they don't understand the risk involved.

How exactly does that works? I have metamask wallet and each time I import my account using private key it only import one account so I don't quite get how it's possible for someone to get access to all my account when they only have the key to just one of my account. It sounds unreal.

He means in Metamask you can do multi accounts in just one seed phrase/private key. It is literally equal to just 1 owner.

In Trust Wallet, you can also do this in just one application but it's like each has one owner because another account will mean creating a new seed phrase that you need to save again in your physical notes to avoid hacking.

Once your Metamask is compromised or your seed phrase/private key was hacked then every account under it can be accessed by the hacker and steal all the balance you have.

[cryptoaddictchie]

I just found out that even if you open 100 ETH addresses using Metamask, once your key is been compromised all the 100 ETH addresses are gone, but in case of Trust wallet each addresses has different recovery seed ..

Cause you are adding up addresses. But you can always make new wallet on metamask instead of adding a different address on your recovery key.

Trust wallet is the same in my opinion and Ive used both wallets. For me its much safe on metamask since trustwallet isnt fully open source.

The UI of trust is much user friendly than metamask but in terms of security I think I could vouch for metamask than trustwallet.

[_morghulis]

I just found out that even if you open 100 ETH addresses using Metamask, once your key is been compromised all the 100 ETH addresses are gone, but in case of Trust wallet each addresses has different recovery seed ..

If you don't know this before you should know now, please take note, some people are using Metamask multiple wallet addresses and they don't understand the risk involved.

How exactly does that works? I have metamask wallet and each time I import my account using private key it only import one account so I don't quite get how it's possible for someone to get access to all my account when they only have the key to just one of my account. It sounds unreal.

He means in Metamask you can do multi accounts in just one seed phrase/private key. It is literally equal to just 1 owner.

In Trust Wallet, you can also do this in just one application but it's like each has one owner because another account will mean creating a new seed phrase that you need to save again in your physical notes to avoid hacking.

Once your Metamask is compromised or your seed phrase/private key was hacked then every account under it can be accessed by the hacker and steal all the balance you have.

I know about that trust wallet own.
My concern is the metamask take a look at my account you can see "imported" there my question now is that will what is saying also affect account that was imported? Like if my private key should get stolen or what for whatever reason it got leaked will those imported account still be affected?

[ultrloa]

I just found out that even if you open 100 ETH addresses using Metamask, once your key is been compromised all the 100 ETH addresses are gone, but in case of Trust wallet each addresses has different recovery seed ..

If you don't know this before you should know now, please take note, some people are using Metamask multiple wallet addresses and they don't understand the risk involved.

The same risk either you use one of those wallet since even if you choose one of them but you are lazy on securing your wallet since you believe that no one will hack you then provably that is the time you get a problem. So any wallet you use make sure you save your private key or seedphrase away from people who want to stole it. Make sure to save those important information offline since this is safer option we can choose on.

[hugeblack]

The question is how did you get hacked? For example, if the hacker reaches the root access, he may be able to record the screen, send coins, or access the private key, and then even if you have a thousand accounts, they will all be hacked.

Multiple independent accounts are useful if the wallet file has been hacked one/one as each account will need to be brute force if you use a different password.
But if the device is hacked, all accounts will be hacked.

[fuguebtc]

I just found out that even if you open 100 ETH addresses using Metamask, once your key is been compromised all the 100 ETH addresses are gone, but in case of Trust wallet each addresses has different recovery seed ..

If you don't know this before you should know now, please take note, some people are using Metamask multiple wallet addresses and they don't understand the risk involved.

How exactly does that works? I have metamask wallet and each time I import my account using private key it only import one account so I don't quite get how it's possible for someone to get access to all my account when they only have the key to just one of my account. It sounds unreal.

He means in Metamask you can do multi accounts in just one seed phrase/private key. It is literally equal to just 1 owner.

In Trust Wallet, you can also do this in just one application but it's like each has one owner because another account will mean creating a new seed phrase that you need to save again in your physical notes to avoid hacking.

Once your Metamask is compromised or your seed phrase/private key was hacked then every account under it can be accessed by the hacker and steal all the balance you have.

I don't think OP's statement is correct, because when you generate 2nd wallet from metamask, it will also give you a private key, and if hacker doesn't own it, nobody can access the second account. If you accidentally delete the metamask wallet and don't back up the private key of the 2nd wallet and only store the 1st wallet, you won't have access to your 2nd wallet either. They are still 2 separate wallets and have nothing to do with each other.

[zasad@]

I just found out that even if you open 100 ETH addresses using Metamask, once your key is been compromised all the 100 ETH addresses are gone, but in case of Trust wallet each addresses has different recovery seed ..

If you don't know this before you should know now, please take note, some people are using Metamask multiple wallet addresses and they don't understand the risk involved.

all software and browser wallets are not as reliable as we would like it to be. Metamask works very well with Ledger and Trezor hardware wallets. Your seed phrase must not be on the PC. A friend of mine was recently hacked, but he did not lose anything that was on hardware wallets.

[blockman]

A friend of mine was recently hacked, but he did not lose anything that was on hardware wallets.

Yeah, it's better to have most funds in a hardware wallet and that is because when someone accessed it without authorization, they're hardly get it because there's an authentication that shall go through with the device itself (hardware wallet) and without such access to the HW, they're unlikely to touch the funds that are kept there.
OP is just explaining that everyone can add as much as addresses as they can even in other networks under one seed phrase provided by Metamask.

[zasad@]

A friend of mine was recently hacked, but he did not lose anything that was on hardware wallets.

Yeah, it's better to have most funds in a hardware wallet and that is because when someone accessed it without authorization, they're hardly get it because there's an authentication that shall go through with the device itself (hardware wallet) and without such access to the HW, they're unlikely to touch the funds that are kept there.
OP is just explaining that everyone can add as much as addresses as they can even in other networks under one seed phrase provided by Metamask.

For the most popular wallets in the world, most of the exploits are developed by hackers. If you store money on software wallets, you will still lose it as a result of inattention. A $70 hardware wallet protects against such threats. But if the user is inexperienced and uses unknown smart contracts, then even a hardware wallet will not help him.

[blockman]

A friend of mine was recently hacked, but he did not lose anything that was on hardware wallets.

Yeah, it's better to have most funds in a hardware wallet and that is because when someone accessed it without authorization, they're hardly get it because there's an authentication that shall go through with the device itself (hardware wallet) and without such access to the HW, they're unlikely to touch the funds that are kept there.
OP is just explaining that everyone can add as much as addresses as they can even in other networks under one seed phrase provided by Metamask.

For the most popular wallets in the world, most of the exploits are developed by hackers. If you store money on software wallets, you will still lose it as a result of inattention. A $70 hardware wallet protects against such threats. But if the user is inexperienced and uses unknown smart contracts, then even a hardware wallet will not help him.

What's wrong with the mindset of some of the people is, that they see $70 isn't an investment but an expensive buy.
They're holding a lot of tokens with thousands of value and they can't attain to buy hardware wallets or anyway of protecting themselves. Nothing wrong with having these free wallets that are giving the private keys and seed phrases.
But having a hardware wallet is another way of protecting our assets, they'll just start buying when they've experience such hacks.

[o48o]

I don't think OP's statement is correct, because when you generate 2nd wallet from metamask, it will also give you a private key, and if hacker doesn't own it, nobody can access the second account. If you accidentally delete the metamask wallet and don't back up the private key of the 2nd wallet and only store the 1st wallet, you won't have access to your 2nd wallet either. They are still 2 separate wallets and have nothing to do with each other.

But doesn't metamask store all those private keys behind the recovery phrase? I mean what would the point of the recovery phase of metamask be if you couldn't access to all your wallets you have opened in there. Naturally you can export and import accounts from and to metamask by private keys, but those privatekeys stay on your metamask until you remove them. Right?