Stack wallet for mobile?

[dkbit98]

After doing further tests, I noticed there's an annoying synchronization glitch and bug ^{[e.g. if you try adding different nodes, 7 out of 10 times it works for the mainnet, but I was never able to get it to work for the testnet]}!
^{- Anybody else with a similar experience?}

I didn't have issues like that, but I tried running Stack wallet in android emulator and everything worked fine until I went to settings and started to change things there.
After this wallet started crashing randomly so I had to reinstall and reset everything.

While testing this I found out another similar open source multi-currency wallet that respects privacy, it id available for Android/iOS, and its called Elite Wallet.
Elite is supporting Bitcoin, Monero, Litecoin and Haven coin with it's xAssets like xUSD, xEUR, xAG, etc.
Note that is new wallet so only use it for exprimental testing purposes!
https://elitewallet.sc/
https://github.com/Elite-Labs/EliteWallet

[Pmalek]

Note that is new wallet so only use it for exprimental testing purposes!

In all honesty, the Stack Wallet is also still being tested and developed according to the info Lida93 saw when he downloaded his version from Google Play. Maybe it wouldn't be a bad idea to mention in the OP that the wallet is still in development stage.

I found out some more interesting things after reading their website.

- You can apparently exchange the coins that Stack Wallet supports even for assets that aren't' supported by the wallet. That's because the whole process is done through 3rd parties. I guess you have to provide the exchange with a wallet address from somewhere else, and that's where they will send your coins. If there is liquidity, this is great news. But does the wallet mention the names of the 3rd-party exchanges they work with? Maybe there is a chance the exchanges ask for KYC.

- Stack Wallet takes a cut from each swap. They explain on their website that's how they make money. To get the best possible rate, one can always compare the in-app offer to what the exchange offers when you visit its official page directly.     

[Charles-Tim]

But does the wallet mention the names of the 3rd-party exchanges they work with? Maybe there is a chance the exchanges ask for KYC.

Such exchanges are instant exchanges, they will not ask for KYC, but as you know, all instant exchanges are centralized exchanges, they can seize users coins and demand for KYC.

[Pmalek]

Such exchanges are instant exchanges, they will not ask for KYC, but as you know, all instant exchanges are centralized exchanges, they can seize users coins and demand for KYC.

Not necessarily. It depends on the platform. Instant exchanges also have their partners and liquidity providers, and they might be the ones that want to verify who is sending the money and what is the source of it. It happens. You can come across scam accusations where instant exchanges have confiscated funds (actually their partners have) and users are being asked for KYC.

[Charles-Tim]

Not necessarily. It depends on the platform. Instant exchanges also have their partners and liquidity providers, and they might be the ones that want to verify who is sending the money and what is the source of it. It happens. You can come across scam accusations where instant exchanges have confiscated funds (actually their partners have) and users are being asked for KYC.

Yes, not necessary, some wallet can make use of smart contract decentralized means of exchange using swap function in a way you can exchange a coin and its tokens.

I just do not want to make a final conclusion because of this:

https://stackwallet.com/



But while I tried to exchange monero and some other coins, this is what I saw:



You can see ChangeNow which is an instant exchange. Probably because there may be other ones is the reason I did not just make a conclusion but generalized it to make use of instant exchanges, probably there may be another one too which may not be an instant exchange, but I doubt that for now.

[Pmalek]

<Snip>

If I remember correctly, ChangeNOW has pretty high fees when bigger amounts are concerned. It's ok for smaller sums that you otherwise maybe couldn't even swap on standard exchanges because the amounts are under the minimum trading limits. Try to check what the difference in the rates offered on ChangeNOW's official website are and what you see in the Stack Wallet. That way we could know approximately how big of a premium they charge.

Like I mentioned previously, KYC is a possibility with ChangeNOW and their partners:

ChangeNOW’s AML/KYC procedure is supported by an automated risk prevention system. If a transaction is marked suspicious by this system, the exchange is put on hold and the customer in question is then asked to confirm their identity.

https://changenow.io/faq/kyc-aml-procedure

[aylabadia05]

[snip]

Did anyone else tried this wallet and what do you think about it?

I just installed the Android version of the Stack Wallet app on my smartphone and it's true that Stack Wallet is not a bad wallet. When it finished downloading, I opened it right away and the process for address generation wasn't difficult. Stack Wallet is similar to Trust Wallet in the process of getting addresses. Stack Wallet only asks us to choose one phrase out of 24. But the difference might be that it is open source and not.

I think what they wrote about Stack Wallet from the inside look is true, it looks very ideal for anyone who uses it.

[yudi09]

[snip]

Did anyone else tried this wallet and what do you think about it?

I just installed the Android version of the Stack Wallet app on my smartphone and it's true that Stack Wallet is not a bad wallet. When it finished downloading, I opened it right away and the process for address generation wasn't difficult. Stack Wallet is similar to Trust Wallet in the process of getting addresses. Stack Wallet only asks us to choose one phrase out of 24. But the difference might be that it is open source and not.

I think what they wrote about Stack Wallet from the inside look is true, it looks very ideal for anyone who uses it.

Don't. I just lost about $50 in Bitcoin after using the Stack Wallet wallet. Don't use this wallet while it's still in the early development stages.

https://mempool.space/address/bc1q7d3yfaj36uwylgu33gr2uujr8m9l65pec3rqrg

Initially the balance showed about $50 in BTC in the Stack Wallet App, but when trying to send to an Electrum address from Stack Wallet the balance was zero.
I deleted the address because I had the 24 words saved.
When I entered the 24 seed phrase, the balance was zero and the sending address changed from bc1q7d3yfaj36uwylgu33gr2uujr8m9l65pec3rqrg to something else.

[SFR10]

Initially the balance showed about $50 in BTC in the Stack Wallet App, but when trying to send to an Electrum address from Stack Wallet the balance was zero.

When I was testing it a couple of months back, it had synchronization issues... Are you sure it was completely synchronized at the time or did you try to connect to a different node?

I deleted the address because I had the 24 words saved.
When I entered the 24 seed phrase, the balance was zero and the sending address changed from bc1q7d3yfaj36uwylgu33gr2uujr8m9l65pec3rqrg to something else.

You might want to double-check the order of seed phrases and while you're at it, try to generate a lot of new addresses ^{[it might help with finding the missing address]}.
^{- With regards to the underlined word, I believe you meant to type receiving instead.}
BTW, it appears that they've added the coin control feature, but we have to enable it from the advanced tab.

Update:

Thank you very much SFR10 for your command to try to do some generate address

You're very welcome, I'm glad it worked

[yudi09]

You might want to double-check the order of seed phrases and while you're at it, try to generate a lot of new addresses ^{[it might help with finding the missing address]}.
^{- With regards to the underlined word, I believe you meant to type receiving instead.}

Yes. Thank you very much SFR10 for your command to try to do some generate address and the result is that the balance at address bc1q7d3yfaj36uwylgu33gr2uujr8m9l65pec3rqrg I can get back.
I was panicking too, but this is a valuable experience in using Stack Wallet.

BTW, it appears that they've added the coin control feature, but we have to enable it from the advanced tab.

You're right. After their last update, they've added a new feature that we have to enable.
BTW, thanks again.

[Pmalek]

Yes. Thank you very much SFR10 for your command to try to do some generate address and the result is that the balance at address bc1q7d3yfaj36uwylgu33gr2uujr8m9l65pec3rqrg I can get back.
I was panicking too, but this is a valuable experience in using Stack Wallet.

Synchronization and connection issues can happen. The first thing you do in that case is check your receiving address/addresses in a blockchain explorer. If there aren't too many of them, of course. There is no need to worry if you don't see any outgoing connections that you didn't initiate. After that, try to fix whatever is wrong with your connection. Worse case scenario, you have to abandon Stack wallet and import your seed into a different client, like Electrum (ticking the BIP39 seed box during the setup stage). Stack wallet generates standard BIP39 seeds for Bitcoin that you can import in other wallets if needed.

[aylabadia05]

[snip]

After I checked the stack wallet is not 100% or still in the initial development stage of the application. From the trials I did, it is likely that you took the address in the stack wallet based on the results of the generate address that you pressed so that when you update the application, the address you use has changed to the initial address so that the command to re-generate the address conveyed by SFR 10 can be a solution.

Now try checking the address again on the main display of your stack wallet application, it must have changed again.


Congratulations you can get back the balance stored in the stack wallet.

[dkbit98]

Don't. I just lost about $50 in Bitcoin after using the Stack Wallet wallet. Don't use this wallet while it's still in the early development stages.

I think this could be the issue with derivation paths, but you should be able to recover seed words to any other bitcoin wallet with same format.
Mobile wallets are not ideal and I would never keep any significant amount of coins with them, especially if they are in early development phase.

Stack wallet released new version called Stack Duo that is only used for Bitcoin and Monero.
I think this is perfect solution to avoid complications with other shitcoins, and people can still use full version with other coins if they want.
Please note that Stack Duo is currently pre-release version, and I don't suggest anyone to use it a s their main wallet, this is still testing ground.


https://github.com/cypherstack/stack_duo/releases/tag/build_004

PS
This is not-mastercard logo  

[SFR10]

Stack wallet released new version called Stack Duo that is only used for Bitcoin and Monero.

It's worth noting that this one doesn't allow you to take a screenshot of the recovery phrase page, but the other one still does ^{[quite strange]}!

import your seed into a different client, like Electrum (ticking the BIP39 seed box during the setup stage).

I think this could be the issue with derivation paths, but you should be able to recover seed words to any other bitcoin wallet with same format.

Speaking of Electrum and derivation paths, I had no luck finding them ^{[I even increased the gap limit to 2000 and also used ismine("type your address") in the console, but it kept showing false]} when I used the exact derivation paths that stack duo ^{[this probably applies to stack wallet as well]} shows for each of their addresses, so in case someone else stumbles onto a similar issue, just go with what Electrum suggests by default ^{[until account (e.g. m/84'/0'/0')]}.

[Pmalek]

Speaking of Electrum and derivation paths, I had no luck finding them ^{[I even increased the gap limit to 2000 and also used ismine("type your address") in the console, but it kept showing false]} when I used the exact derivation paths that stack duo ^{[this probably applies to stack wallet as well]} shows for each of their addresses, so in case someone else stumbles onto a similar issue, just go with what Electrum suggests by default ^{[until account (e.g. m/84'/0'/0')]}.

You confused me a bit with this reply. Are you saying that you couldn't find the generated Stack wallet address by importing the seed into Electrum even after increasing the gap limit to 2000? What derivation path does Stack wallet use for Bitcoin by default? You mentioned m/84'/0'/0', but that's the standard one for Bech32 addresses. What were you scanning before that?

If you tick the scan common derivation paths button (or whatever it's called), does the software find it?

[SFR10]

You confused me a bit with this reply. Are you saying that you couldn't find the generated Stack wallet address by importing the seed into Electrum even after increasing the gap limit to 2000? What derivation path does Stack wallet use for Bitcoin by default? You mentioned m/84'/0'/0', but that's the standard one for Bech32 addresses. What were you scanning before that?

Sorry for not describing it in a clear manner ^{[my bad]}, but you nailed it... By default, the first generated Bitcoin address has a derivation path of m/84'/0'/0'/0/0 ^{[change address is m/84'/0'/0'/1/0]} and for the second and third generated Bech32 addresses is m/84'/0'/0'/0/1 and m/84'/0'/0'/0/2 respectively. I only used that particular derivation path as an example, but stack wallet/duo also supports Legacy & Wrapped segwit, and earlier, I did my tests for these two as well.

If you tick the scan common derivation paths button (or whatever it's called), does the software find it?

I completely forgot that feature existed ^{[out of habit (SMH)]}, but since I ditched my stack wallet seed phrases a week after making the small payment tests, I would've not been able to use the "detect existing accounts" feature in Electrum because the seeds that I used earlier, didn't have any pre-existing accounts attached to it.

[dkbit98]

It's worth noting that this one doesn't allow you to take a screenshot of the recovery phrase page, but the other one still does ^{[quite strange]}!

It can also be a bit confusing they didn't separate wallets on their website, and there is not much information except on twatter.
I don't like option to take screenshot of something so sensitive as recovery phrase and keep it in digital form, when it's much better to simply write words on paper and keep them offline.
They probably wanted to reduce risk, but this is still an early development so they could change things later.

I completely forgot that feature existed ^{[out of habit (SMH)]}, but since I ditched my stack wallet seed phrases a week after making the small payment tests, I would've not been able to use the "detect existing accounts" feature in Electrum because the seeds that I used earlier, didn't have any pre-existing accounts attached to it.

I don't feel comfortable enough to use real bitcoin so I might test it out with Bitcoin testnet again to compare difference between regular Stack and Stack Duo wallet.
It should be the same procedure for recovering wallet with mainnet and testnet.

[hZti]

It's worth noting that this one doesn't allow you to take a screenshot of the recovery phrase page, but the other one still does ^{[quite strange]}!

It can also be a bit confusing they didn't separate wallets on their website, and there is not much information except on twatter.
I don't like option to take screenshot of something so sensitive as recovery phrase and keep it in digital form, when it's much better to simply write words on paper and keep them offline.
They probably wanted to reduce risk, but this is still an early development so they could change things later.

.

To take a screenshot of your recovery phrase may be stupid, but it is way more stupid to forget your phrase and loose access to your coins. If you store the screenshot in the iCloud for example it is secured by end to end transcription and 2 factor authentication. I would not do it (and use hardware wallets anyway) but honestly it is probably better then what 50% of Bitcoin users do.

[kamvreto]

It's worth noting that this one doesn't allow you to take a screenshot of the recovery phrase page, but the other one still does ^{[quite strange]}!

It can also be a bit confusing they didn't separate wallets on their website, and there is not much information except on twatter.
I don't like option to take screenshot of something so sensitive as recovery phrase and keep it in digital form, when it's much better to simply write words on paper and keep them offline.
They probably wanted to reduce risk, but this is still an early development so they could change things later.

.

To take a screenshot of your recovery phrase may be stupid, but it is way more stupid to forget your phrase and loose access to your coins. If you store the screenshot in the iCloud for example it is secured by end to end transcription and 2 factor authentication. I would not do it (and use hardware wallets anyway) but honestly it is probably better then what 50% of Bitcoin users do.

The screenshot feature may have its pros and cons, but it can be optional whether you want to use it or not.  dangerous or not, it depends on how to secure the screenshot results.  but I prefer to write down the phrase seca manually on a piece of paper and then copy it on a steel plate so that it lasts longer and doesn't get damaged.  This stack wallet is also still under development, maybe this is just a temporary feature or it's intentionally using screenshots.  because other wallets generally disable screenshots.

[yudi09]

Don't. I just lost about $50 in Bitcoin after using the Stack Wallet wallet. Don't use this wallet while it's still in the early development stages.

I think this could be the issue with derivation paths, but you should be able to recover seed words to any other bitcoin wallet with same format.

Have successfully restored it (balance) by choosing the generate new address path. Also good as a step to experiment or test in a wallet that is still in early development.

Mobile wallets are not ideal and I would never keep any significant amount of coins with them, especially if they are in early development phase.

That's right. It is simply not an option to store large amounts of coins on mobile wallets.
Stack Wallet is again asking users to update again after the last update on March 29 in the goole play store.
This time the update is more about the mnemonic passphrase.