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Author Topic: Is It Normal For A Site To Ask For Your Wallet Address?  (Read 293 times)
Pmalek
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August 12, 2023, 06:33:03 AM
 #21

Another possibility behind recommending Unstoppable Wallet occurred after the information submitted by theymos Reminder: do not keep your money in online accounts.
Within the reminder message there was mention of the Unstoppable Wallet.
That thread by theymos shouldn't be viewed as a recommendation of which brands to use. It's more of a general guideline of what is out there. The whole point of his thread was to warn users from staying clear of online accounts and custodial services. So when he does that, he mentions all other ways of storing coins that are better and safer than using online accounts. Unstoppable Wallet belongs on that list.

I seriously doubt theymos has done any testing of the Unstoppable Wallet either. I don't see him as an altcoin guy, which I believe he has stated many times. His recommendation is probably based on the fact that others recommended it also and he took note of that. When he talked about hardware wallets, he mentioned only Trezor and nothing else. I am sure many would agree that Trezor shouldn't be the first or second choice anymore and we have better options, like Coldcard or Foundataion Passport, but theymos doesn't mention those. There is also no mention of paper wallets or airgapped devices.

That topic of theymos is a general overview of the easiest ways to abandon custodial services and start controlling your own money.

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crwth
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August 12, 2023, 06:46:46 AM
 #22

Wallet addresses are ok to give, just not the private keys and phrases. That would give them control to your wallet. It's definitely something that you could give but then if you do that, it would connect you to that account. This is worrisome if you are worried about your identity or something but if you are not doing anything bad or something to worry about, that's definitely ok.

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Pmalek
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August 12, 2023, 07:42:56 AM
 #23

Wallet addresses are ok to give, just not the private keys and phrases. That would give them control to your wallet. It's definitely something that you could give but then if you do that, it would connect you to that account. This is worrisome if you are worried about your identity or something but if you are not doing anything bad or something to worry about, that's definitely ok.
OP wants to purchase crypto using the fiat in his bank account. I am assuming via debit/credit cards. To be allowed to do that, he has to verify his identity with Atomic wallet and/or their exchange partners. Privacy concerns are, therefore, not something he can consider a priority because he will lose it dealing with fiat money. 

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