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Topic: Can I lose my coins by choosing wrong wallet? - page 23. (Read 3245 times)

newbie
Activity: 219
Merit: 0
See, wallet is not you can take for granted. Your wallet is very crucial to you. Wrong wallet? If you choose wrong wallet, there is tendency that you lose your coin when it is being shared.  Take a good care of your wallet and most especially, your wallet private key
full member
Activity: 874
Merit: 125
There are many things to consider.
They might be a total scam wallet which takes any coin deposited.
They might have a poor security resulting in loss of your coin.
They might not be secure and it might be easier to phis your private keys.
They might charge you insane transaction fees like freewallet.
newbie
Activity: 27
Merit: 0
You just need to make sure that you own the private key to that wallet.
Think of it like post boxes public keys are the number box it is and private keys open the box, each box number is different each private key is different.
you should never share private keys with anyone and don't store them on your computer
newbie
Activity: 196
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

in generally, you surely can lose the money by choosing the wrong wallet. Especially those who have access to your private key. Make sure to use open source wallets that are already tested by community
member
Activity: 322
Merit: 11
Yes there are a lot of phishing wallets out there, make sure of the wallet you want to use. We cant afford to lose hard earned money here.
member
Activity: 378
Merit: 11
You have to be very careful with these subjects. I think the existing wallets are very safe.
If you are looking for a new wallet, be very careful against fraud.
legendary
Activity: 3668
Merit: 6382
Looking for campaign manager? Contact icopress!
Can I lose my coins by choosing wrong wallet or they can never stole any coin because they just provide wallet service only?

The rule for any coin is that if anybody else gets access to your private key(s) can steal your money.
The private key is the "thing" that makes the blockchain recognize the rightful owner of the money and will allow the user to spend.
Like almost everything in IT, the private key can be copied and both you and the "hacker" will have the key. The first one that spend the money "wins".

Now, a wallet normally has access to the private keys to allow you to spend. If the ones that have built the wallet had bad intentions, the private keys will be sent over the internet to them.
That's why I recommend only wallets with source code people can review, wallets already proven to be legit.


Edit: TL;DR; Yes, you can. Easily.
full member
Activity: 378
Merit: 100

If you want your coin will be listed in our system, this time you can send us an email to [email protected] and we will review it, also we will have a coin request system soon.
[/quote]

Have you tried to send email to support of bitbibe.io? Beside what coin did you sent to this new wallet? Why don't you use old wallet? Sometime new wallet is not well as old one Smiley.

Hope that you can take your cryptocurrency back and this will be a really expensive lesson for you Smiley. Before transferring you should check to see if they can store cryptocurrecy which you're going to transfer first. That's all Smiley
newbie
Activity: 119
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
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