Pages:
Author

Topic: Can I lose my coins by choosing wrong wallet? - page 12. (Read 3232 times)

full member
Activity: 434
Merit: 100
it can happen because there are lots of wallets published recently but there are no recommendations that convince us, we must first try the security of the wallet by transferring a little of our capital, if there are no new problems we can invest completely
member
Activity: 128
Merit: 10
Yes, you can lose all your coin. You can be hacked if your wallet uses poor security. I think you should use Trezor and Ledger Nano S. Don't store your coin on exchanges.
newbie
Activity: 42
Merit: 0
Yes. If you choose the wrong wallet you can lose your coins.   You should think about it.  Many people do   not think about it at all, so hackers easily hack all the coins. You can use the hardware wallet. It's very simple, dependent and  safe.
jr. member
Activity: 224
Merit: 1
Yes, you will definitely lose your coins by choosing wrong wallet, just have a look at when you put your money in another persons purse what do you expect, the person will definitely eat the money. You should secure your wallet very well to avoid you loosing your money.
hero member
Activity: 3066
Merit: 577
Leading Crypto Sports Betting & Casino Platform
I don't trust those new wallets that are coming to the forum.

Scammers and hackers are everywhere and they are providing such service to gain more data and people that will fall for their trick. Use only those wallets that are trusted and has been involved to cryptocurrencies for quite awhile.
newbie
Activity: 147
Merit: 0
If sender accidentally misspelled the destination wallet address by changing a number or letter? If this happens, unless that same exact (misspelled) wallet address is created again (very unlikely) those bitcoins have gone poof. Nobody owns those bitcoins anymore, because they got transferred to a wallet that doesn't even exist. Those bitcoins have completely disappeared.
newbie
Activity: 30
Merit: 0
Maybe yes, dont rely on any other wallet sites. Just choose the trusted one.
member
Activity: 115
Merit: 10
Yes, you can lose all your coins if you choose wrong wallet. I think you should offline wallet or hard wallet for protect your coins. Eg. Trezor, Ledger.
full member
Activity: 854
Merit: 102
MoonDeFi
Of course, you can, look at the fact that sending tokens to another purse, you start a contract that can not be canceled, also this situation concerns the sending of tokens to exchanges. By sending tokens to another address of the exchange, they remain on their balance sheet
newbie
Activity: 251
Merit: 0
Err, what exactly do you mean by choosing the wrong wallet? Most of the wallets I'm aware of and have been exposed to have maximum security, and are really safe to use, and store up your tokens or coins. I think that there is no way you can lose your funds unless in cases where the wallet was hacked or when you share your login info with other people who are not trusted and you get your coins stolen.
newbie
Activity: 87
Merit: 0
Hi everyone, I found a service announcement of new wallet platform few days ago in our forum.
Their introduction and vision stated in the post seems to be great and it also attracts me a lot.
However, I still wonder whether I can trust that new wallet.
Can I lose my coins by choosing wrong wallet or they can never stole any coin because they just provide wallet service only?

Please help me if you have experience in this field. Thank you.
This is the link to the wallet that I mentioned: https://bitcointalksearch.org/topic/m.41338130

 Yes you can lose all of your coins if you choose the wrong wallet, you should always be careful with your transactions and make sure that everything is correct before you send it through because the transactions are irreversible and if you do send it to the wrong address then you coins are lost forever. This is one of the risks involved with cryptos.
sr. member
Activity: 529
Merit: 250
Of course, it is one of the most important component of safety. Moreover, you should copy all your QR-codes from exchanges, because your device could be destroyed.
full member
Activity: 406
Merit: 100
Of course! You can steal coins from absolutely any wallet. Will it be new or not. Such was not times. I will recommend you better buy a "cold wallet". It is safe and secure and certainly your coins no one will steal from there. Because it is a kind of battle flash drive, which is not constantly connected to your computer, so access to it'll only have you yourself and passwords must be entered only manually on the wallet. I consider this type of wallet to be the most secure at the moment. Because whatever the online wallet, it is still subject to hacking and theft by hackers and scammers.
newbie
Activity: 75
Merit: 0
There are many ways to lose tokens:
Use fake wallets, fraud scams
Use the wrong wallet for the token (NEO token and send it to the ETH wallet).
Poor security and hacked as myetherwallet
member
Activity: 294
Merit: 11
Yes ofcourse you could lose all of it if you didn't manage well because a lot of right are scams and low security which an apple of the eye of the hackers because it will be easy for them to take a money if the wallet you are using has a very low security. Do your own search about the best hard and cold wallets and you will be fine for sure.
full member
Activity: 504
Merit: 100
Hi everyone, I found a service announcement of new wallet platform few days ago in our forum.
Their introduction and vision stated in the post seems to be great and it also attracts me a lot.
However, I still wonder whether I can trust that new wallet.
Can I lose my coins by choosing wrong wallet or they can never stole any coin because they just provide wallet service only?

Please help me if you have experience in this field. Thank you.
This is the link to the wallet that I mentioned: https://bitcointalksearch.org/topic/m.41338130

If they are the one who provided your wallet address then you are certainly at risk of losing your coins there. It should be like a reputable site like Coinbase because if that site is like an online investment that promises ROI then you should leave them by now.
hero member
Activity: 742
Merit: 526
I would strongly advise against using hardware wallets. Their only benefit is ease of use and convenience since they are not as safe as many erroneously think. For example, if you can restore your keys when the wallet breaks, it is not safe by definition. But if it breaks and you can't retrieve your coins, your coins are not safe either, though on a completely different level (not security wise).

Paper (or brain) wallets are the only way to go if you want your coins safe at all times and not depend on a third party in any possible way (be a desktop wallet developer or a hardware wallet manufacturer) even if it can be very inconvenient.
jr. member
Activity: 294
Merit: 1
Of course you can lose all your funds if you have your coins in the wrong wallet. We need to be very much careful in this market in my own opinion. Make sure you read reviews from people before using such wallets.
member
Activity: 303
Merit: 12
if this case is called wrong, enter the address of our wallet which does not belong to us, instead we fill it with someone else's wallet that is not ours, which we should get that benefit.
newbie
Activity: 196
Merit: 0
Choosing wrong wallet might cost you the fortune you've labored for ,not sure what the wrong wallets are but what makes the Blockchain technology assumes right owner of wallet and coins in it is the private keys, so keeping the private keys to your wallet safe is the only way you cannot lose your coins, don't share your private keys with anyone and it's preferably to keep it in hardware format or better still use hardware wallet, it's the most secured wallet to save your altcoins if you can afford one such as trezor and S Ledger nano
Pages:
Jump to: