Topic: Can I lose my coins by choosing wrong wallet? - page 16. (Read 3232 times)
The risk is possible but it is not so high as you think. The main reason of loss is your mistake only: wrong investing, simple password, using of weak platforms and others.
You definitely can lose your coins. A friend of mine lost all his coins under similar circumstances just a few weeks ago. I'll you use a more trusted site too.
Yes, it is very possible for you to loose your coin by choosing a wrong wallet because different coin have wallets on which they are accepted and if you use the wrong one, you might be unable to access the coin.
Yes but the common problem is that you visit a phishing site and also i have read that someone has missing altcoins in his Eidoo wallet
Yes of course, there’s a possibility that you can lose your coins by choosing a wrong wallet, always remember that you should consider the quality of the service that the company is providing.
Yes, there are many phishing wallets out there, make sure the wallet you want to use. The dictionary must be careful and do not tell your password to others, it will be dangerous. You must be selective in choosing a wallet.
if they have access to your private key then your coin can be lost. by the way I just check the link and I can see the major difference between their wallet and the so called 'traditional wallet' is the transaction fee that was indicated to be very low in their own case and other wallet are painted to be high. I will like to know how low their transaction fee and do they have the lowest transaction fee out of all available wallet. these are very important and finally i think you should be very careful in considering new wallet without users review.
The risk of losing coins is always there.And not just because you didn't choose the right wallet.There are many ways to steal your funds - and one of them is phishing. Be careful and check the addresses to which you translate.
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
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
Actually you can be hacked if you choose some unsecure wallet. Never trust any new website or something that have wallet.
The most reliable wallet in the website is a trusty exchange wallet. You can use client wallet for your coin and install it on your pc though.
Well you have to be more careful while choosing new wallets because there are so many new phishing wallets are there through which you can loose your whole money. So I think existing wallet are good one and be careful while choosing new wallet in the market.
Actually, you can loose your coin by choosing the wrong wallet,sharing you private key... but why need of new wallet, I prefer using my old wallet
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
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, there are many chances that you can easily lose all your coins if you choose the wrong wallet or any kind of wrong things doing here on the temple. Actually every tokens has same big number of value behind it even apart from the saving value which determines the value of coin if you go for selling it on the streets, which is ok if you are selling it for some good and emergency cause.
Yes, you can lose coins and you need to choose the right wallets ! It is best to create a wallet and not enter it ! Only on rare occasions !
May be you lose your coins so always use trusted and old wallet and don't try new attractive programs.
I will never opt for a new wallet if the old has got nothing wrong. Just do your best not to share your private keys with anyone, not even the admins if they ask you to do so.
yeah definitely, some wallets are secure but some other are not, their security are weak, so many bugs and easy to be hacked, most of wallet have ANN thread in Bitcointalk, and of course their user will left feedback or some testimonials on their thread. Read thoroughly on there, better spend some time than regret your decision. For bitcoin wallet I usually use Electrum and Ether I use Trust, I have used them for more than 2 years and have no problem at all.
Can I lose my coins by choosing wrong wallet or they can never stole any coin because they just provide wallet service only?
The answer is a BIG YES. For us people living with crypto or crypto is already part of our lives, it is important to carefully choose our wallet to use and of course exchangers. We are prone to hackers so one wrong move, they can get our address or worst our private keys and transfer our coin. If that happened it is impossible to bring back those coins.
Every coin has its own compatible wallet with which it supports. You cannot send BTC to an ERC based wallet. It is very necessary to know which wallet you choose for a particular coin. Moreover, with the ERC based coins, a lot of wallets have been generated in recent times but remember, not all wallets are worth keeping your coins. For ERC coins, the best wallet is "myetherwallet".
I know that some platform do come up with their own wallets and it has been great. regardless of the wallets though, the coin or token pertaining to such wallets may still need to be transfer to either the exchange platforms they are listed on or ether wallets at the end of the day. I am yet to come across a replacement wallets for bitcoin, ether, wave etc. so i suggest that you do a little more digging deep to know what the wallet is all about and testimony of those who have successfully used the wallet. without doing so and getting evidence please dont trust anyone with your coin.
Many users prefer to store currency in their” own " wallets, which can be divided into two types: online and offline (desktop, hardware and paper). Using an online wallet is no safer than storing assets in an exchange wallet: you trust a private key to a third party and do not control it. The most reliable are hardware crypto wallets, which are a physical device that generates and stores an nonremovable private key in its memory. During the transaction, all the necessary operations take place inside the wallet, and only an electronic signature is issued outside.
Jump to: