UniSat Wallet - User Experiences

[Forsyth Jones]

Has anyone tested this wallet?

Report your user experiences here.

UniSat is a wallet for subscribing to BRC-20 tokens, NFTs, but apparently it can be used as a basic wallet for sending and receiving BTCs.

I liked it because of its practicality, conservative UI and it's a Chrome extension, I've been missing a good Chrome extension Wallet for a long time.

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[Churchillvv]

For me I haven't tried the wallet so I don't have any experience on it yet but I might try since you've brought it to my notice.

basically I don't really like anything that has to do with ordinals protocol and from my quick search I can say it was primarily developed for holding NFTs and tokens, so bitcoin is just an additional feature that might bring attention. although its open source which gives it a little ground for interest yet I wouldn't like to use it because of its rating which is 2 star wallet, that means it still have some outstanding issues that is reducing the rating.

[Yamane_Keto]

I had never heard of it before, so I decided to try it. It appears from the code that it was built on the MetaMask wallet, as it is a light version that scans the memepool looking for ordinals, and then you can send or receive an inscribing transaction.

release-notes suggest continuous development.

The private key is generated on the client side and with good entropy, it is completely secure, just like in MetaMask, but I don't like the concept of accounts where you will have one private key (a single address for each account).
https://github.com/unisat-wallet/extension/blob/master/src/ui/pages/Account/CreateSimpleWalletScreen.tsx

In short, it is good if you want to try inspection bitcoin, copy your private key and keep it.

The bad aspects of the wallet are related to privacy, as your IP address may be recorded, they may use your cookies, local storage, Google Analytics, IPs for commercial purposes or exchange your data with a third party, so be careful and use it in an open source system or with VM machines.

https://unisat.io/privacy-policy.html

[Forsyth Jones]

although its open source which gives it a little ground for interest yet I wouldn't like to use it because of its rating which is 2 star wallet, that means it still have some outstanding issues that is reducing the rating.

Well, it's a relatively new wallet, so the rating is still low.

The private key is generated on the client side and with good entropy, it is completely secure, just like in MetaMask, but I don't like the concept of accounts where you will have one private key (a single address for each account).
https://github.com/unisat-wallet/extension/blob/master/src/ui/pages/Account/CreateSimpleWalletScreen.tsx
https://unisat.io/privacy-policy.html

As I had thought, I was surprised by the fact that the addresses are called accounts at UniSat, in addition, Unisat does not add up the address balances, which leads me to believe that when sending, it can only spend on outputs from one address (account) just...

This is very strange, since this is the basic thing that all wallets do, add up the balance of all addresses, send the rest to change addresses, etc... Unisat doesn't do any of that, it's a shame.

Better to leave this wallet to NFTs, ordinals users.

[AprilioMP]

Has anyone tested this wallet?

Report your user experiences here.

UniSat is a wallet for subscribing to BRC-20 tokens, NFTs, but apparently it can be used as a basic wallet for sending and receiving BTCs.

I wouldn't want to use a web wallet as a place to store assets even though it has the best reviews from users who have used it. Still I don't believe it and have a level of worry if I use it.

Unisat Wallet is still in beta which can be seen on the website https://unisat.io/

Indeed, Unisat has several features like BRC20 including a swap module. Then on the marketplace ordinals and atomics are available. That part I don't know. It's natural because I'm not a web wallet user.

[Yamane_Keto]

As I had thought, I was surprised by the fact that the addresses are called accounts at UniSat, in addition, Unisat does not add up the address balances, which leads me to believe that when sending, it can only spend on outputs from one address (account) just...

From a cryptographic standpoint, both Bitcoin and Ethereum use the same elliptic curve SECP256K1. But instead of following the usual approach in BIP wallets, you use one master key, and through this master key you can generate both Bitcoin addresses and the Ethereum address, and then the Ethereum address can be used in both (EOAs) and contracts.

The same thing can be done with BIP44wallet but by changing the path to m/44'/60'/0'/0

The word accounts is not common in Bitcoin wallets versus HD wallet, and almost the same principle is done in trust wallet, but from a cryptographic, as long as the private key is generated with sufficient random entropy, you are safe and you can create many accounts if you want more than one address and since it is an extension wallet, it is best to use it for NFTs, ordinals only.