Topic: best multi coin wallet ? (Read 546 times)

I didn't know about it too, until it was suggested to me as a good alternative of blockchain.com wallet. It hasn't all the features you might want in a wallet but it seems solid enough to be used for small amounts storage and daily use.
I didn't find negative reviews about it and here is some of my notes after creating a btc wallet :
Note: i always recommend to not use an online wallet whatever the reasons.

you should give exodus a try too

@coupable
Trust Wallet is an open source wallet and you should be OK when using it. I remember it has been mentioned on the forum a few times but not in any negative contest. Honestly I've never heard of the Coin Wallet nor have I hear it being mentioned here as a good option. I would suggest to just stick with the proven names and models.

By reading all the replies here, am convinced that Coinomi is one of the fewest good option to store different coins. I wanna take the chance and ask about two wallets and if am missing anything about them:
TrustWallet (desktop/mobile), owned by binance exchange but has a lot of free opened features and private keys are locally generated. There is no bad reviews about this wallet and seems solid enough.
Coin wallet (mobile), it's mainly a web based wallet but am referring here to the mobile client (never use online wallets), it's a friendly use wallet with some exited features as a multi-coin wallet : https://coin.space/  I think it's perfect for small storage and daily use.

What do you think about them? Would you recommend them for safe use ?

More or less what TryNinja said. coinomi uses standard BIP32 for generating keys.

I use coinomi and like it. Just keep the following in mind:

There have been reports of people getting "hacked" and loosing significant amounts. BUT, (AND THIS IS IMPORTANT IMO):
1) There has never been any independent verification of that by trusted people.
2) At least one of the claims has been proven false.
3) There are many people (myself included) that have at times has a lot of money in both the phone and desktop wallet for a period of time with no issues.

The other side:
1) Parts are closed source so you really don't know what they are doing.
2) The desktop version for Windows (can't comment on other OS) uses browsercore64.exe which is the open source web browser created by Google. So take that info as you will
3) Since it is BIP32 you can have the exact same wallet on your phone and desktop and laptop. Which is really handy, until it's not. Yes, you can do that with any BIP32 but I have seen it more with coinomi. Which is great till something goes wrong. Was your laptop compromised? Did your kids at home do something?

For real money you are best off with a good hardware wallet. Which one is best is a loooong discussion with lots of arguments here.
For having Doge and some ETH and some LTC and some DASH and... all together knowing that there is some risk (you have to determine what your acceptable risk level is) then I think coinomi is great.

-Dave

You own your coins with Coinomi. The keys are generated from the seed you generate when creating the wallet, and you can use that in any other BIP32 wallet or mnemonic converter. It's not a custodial wallet.

what about coinomi? Is it the same case - we have to trust what they say or is it possible to verify if the ownership of the keys?

but the private keys are still kept on the device right? and the creators have no access to them whatsoever?

Some of the libraries/components they use are open source (forked) but that's about it, the wallet itself is not and I doubt it will ever be with their current business model.

how much of exodus is open-source?

Exodus wallet is ok to use. It's available for both desktop and mobile users, with over 26 coins plus some other ERC-20 tokens and they recently just included Cosmos(ATOM) into the mobile wallet. Exodus also have a swap feature in it.

You need a wallet that you only has the private key of phrase. Therefore, you can consider imtoken wallet. It is an erc20 wallet and also enabled for bitcoin, cosmos, EOS .

Best thing is not to keep all your coins in just one wallet.
I prefer Ledger hardware wallet, and if you have more altcoins you may need Ledger Nano X.
I noticed reduced memory space in latest Nano S updates.

Using the same wallet that others recommend. It doesn't have any single issue since I used it. Using it as my storing wallet for long term trades. Holding a major amount of eth and bitcoins.
I'm using coinomi too for small quantity altcoin. Coinomi is the one I use on every transaction. Been using it for years and I'm happy that I migrate to coinomi from my old wallet.

I’ve downloaded and tried out a few multi-coin wallets for my PC, but I didn’t care for them—Jaxx and Exodus were among them.  I don’t own many altcoins but I just wanted to try them out anyway.  When I was messing around with faucets, I did use Coinomi on my phone and I loved it.  Very easy to use and they support a ton of coins.


I absolutely agree with you here.  After using a Ledger, I’ll never go back to one of those sucky wallets for my computer.  I think the security is much greater, and I love the look of Ledger Live as well as the hardware itself.  Very sexy, IMO.  And though I don’t keep any coins on my phone anymore, I do believe the Nano X has the bluetooth thing so you can check your balance with a smartphone.  Maybe that’ll be my next purchase.

Some of the best multi-crypto wallets are: Ledger Nano S, KeepKey, Jaxx Liberty, Trezor, Exodus, Atomic wallet and Coinomi etc. I came across this article where you can find all the list of best multicurrency wallets.

After checking the wallet you mentioned, I love the concept of the wallet but their site seems not be going through though you. However, you didn't say anything about the wallet holder being the holder of the private keys because a wallet been an open-source doesn't make it a secure wallet.

The best thing to do is to stay away from such wallet because of nothing guarantee that the mobile version of the wallet won't be next to have a problem and like you said its not open source.

Thank you

There are a couple[1][2] of threads but looks abandoned. If you need support, I suggest reaching out to them through Discord or Telegram (be careful though, scammers will start to reach out to you as soon as you join the group).

[1] https://bitcointalksearch.org/topic/trust-ethereum-erc20-wallet-and-dapp-browser-3267269
[2] https://bitcointalksearch.org/topic/trust-ethereum-erc20-wallet-and-dapp-browser-3332031

BTW is there a thread dedicated to Trust wallet? I have a question on it : how do you find your private keys for your BEP2 addresses?     Does anyone know that?

Another wallet you can use is Trust wallet... It's Open source and an Official Binance wallet (which means it's good enough) - https://www.binance.com/en/support/articles/360010790652

I have used it for a while now with problems at all, It's very user friendly and supports a wide range of coins including Ether and all ERC20,ERC721 tokens, BNB coin and all BEP2 tokens plus other blockchains. More info here: https://trustwallet.com/assets

Trust wallet is available only in mobile versions.

Github: https://github.com/trustwallet

Coinomi's problems were with the desktop wallet, not the mobile version. The mobile version is not open source so people should be cautious with it but I'm happy to store some junk in there.

The only other desktop ones I can think of are Jaxx and Exodus both of which have had gaping security issues. I think this tells us that computers should not be used for this purpose.

I'd do phone if I was totally broke. Hardware is the obvious other one. No to computers completely unless they're offline for life.

I think there is one wallet that I know and I'm using it for a long time if you are right about the local daemons(Full node) I think zelcore wallet is the right wallet he was looking for? Because it has a feature to install a full node to each coin.

---

@riverdip

You can try Zelcore wallet for the multi-coin wallet I'm currently using this and never had any issue it is likely the same design as exodus wallet. This is not the best option but it's a good alternative to Exodus and Jaxx wallet for PC. The best option is already mentioned above(Hardware wallets.)

As a newbie, I advise you not to invest in a lot of altcoins and therefore the need for a multi-currency portfolio is few.
For Eth, mycrypto wallet looks perfect as it is open source and secure.
Bitcoin & BCH use Electrum and BCH electrum fork.

As for that, I expect that the three wallets above will be enough to hold 80% of your total investment.
If you want to invest in other shitcoins, try HODLER wallet or coinomi wallet.

If you cannot afford a hardware wallet, your best solution would be HODLER wallet. It's the only multicurrency open-source wallet out there, so everything happens locally and connecting to your own should also be doable, If not through GUI, then by changing the source code.

As for what the other suggested, it's worth mentioning that other wallets such as Coinomi, Exodus, and Jaxx claim that your info is never sent to their servers, but that's not something you can verify as they're not open source.

I would recommend to buy a ledger nano S. I have been using it since they launch and never had any issue. Here you can check the coins you can have in a Ledger wallet: https://shop.ledger.com/pages/supported-crypto-assets

The OP is a newbie. Therefore, I somehow don't support the part of using the coinomi as a wallet because of the previous situations of the wallet accusation and I think the best option for him is to make use of the basic hardware wallet which doesn't cost huge fund or make use of guarda.
OP, hope you understand that you're automatically not the owner of every coin saved in a wallet which you're not the holder of it private keys.

It depends on your computer and the operating system. For phones, I quite like coinomi for multiple currency support. For desktops I'm not sure there's much of an option without investingin a hardware wallet for ~$70 for a basic trezor or ledger (if you have more than $500-1000 then it's definitely worth the investment for the added security).

hey guys whats the best multi crypto wallet ?


i would recommend a software that can be connected to local demons or private coin should not leave my computer !!