Deciding to use a new wallet or not I think it is everyone's choice and to use a new wallet yourself everyone must be more careful because some new wallets are made to steal coins owned by the user. So for people who want to use a new wallet it's better to ask for advice from friends and also observe for themselves whether the wallet has good security and can be trusted to use.
Topic: Do not trust New wallets with your fund (Read 3504 times)
each cryptoqurrency wallet has advantages and disadvantages to each other, including new wallets in the Playstore application. Most of them are still in development and you will be guided to always renew the wallet and need to access the private key again.
Its important to secure our funds with wallets that we hold the keys.I have nothing against new wallets but its better not to trust easily and stick to wallets that already well established and proven by other holders as safe to use.
Phishing is normal thing in crypto , many new holders fall victims to these attempts. Mainly it is done through social media groups or mail where they promise to deposit fund to your wallet or through alert message that your account is going to be closed. Awareness of these thing is really necessary now as crypto is adopted by general public as well which have close to zero knowledge of how wallets work.
it seems to me that phishing has become outdated a long time ago and people don’t even open emails or always check is the letter really came from an official source. There is a lot of information that has been published about phishing both on this forum and in other media. on Youtube, every blogger already has information about how to avoid phishing attacks and what it is.
each cryptoqurrency wallet has advantages and disadvantages to each other, including new wallets in the Playstore application. Most of them are still in development and you will be guided to always renew the wallet and need to access the private key again.
Phishing is normal thing in crypto , many new holders fall victims to these attempts. Mainly it is done through social media groups or mail where they promise to deposit fund to your wallet or through alert message that your account is going to be closed. Awareness of these thing is really necessary now as crypto is adopted by general public as well which have close to zero knowledge of how wallets work.
Thanks for the reminders! Actually i never used any new and unknown wallets since in the very beginning of my cryptocurrency investment journey. But i used different kinds of trusted wallet for different coins and tokens, that i was holding. for me its very important to choose those trusted and reliable wallets to protect our funds from unauthorized access and used. so far im not encountered any unfortunate incidents involving any crypto wallet that i was using.
Just like me, I have never used a new wallet to hold the coins I have and so far nothing has happened and in my opinion a new wallet might pose a risk to people who don't know whether the wallet is trustworthy so we don't hesitate to use the wallet that is because some people have tried to use a new wallet but instead the coins they have were hacked and this is something we don't want.
The reason why i don't like new wallets
1. They always have low users which means they have nothing new to offer,even if new users try them out,once they don't see any thing new they bounce back to their old wallet, repetitive at work
2. Many new wallets on playstore can't be trusted,they have different set of aims, some have access to your private keys but they will fool users thinking you are the only one in control of the private keys and some don't give out private keys to users,they work as online wallet
1. They always have low users which means they have nothing new to offer,even if new users try them out,once they don't see any thing new they bounce back to their old wallet, repetitive at work
2. Many new wallets on playstore can't be trusted,they have different set of aims, some have access to your private keys but they will fool users thinking you are the only one in control of the private keys and some don't give out private keys to users,they work as online wallet
Once you have seen that there is something wrong into the new wallet you wish to try, better back off and do not put any amount of your assets into it because added by the fact that it is new, we can never tell what will happen into your funds once you put some into. Even if they look attractive and promising due to the features it have, still it will be best to check it out first by exploring the whole wallet and taking background information about it through thorough research to answer your inquiry. Also, if you wish to use new wallet, better check and limit the information permission you grant so that they cannot access private manners that must not be shared to other. An addition to that, if you are already comfortable and you still find your old wallet to be still working good and making you have convenient experience, better stick into it because you have already proven it safe and secure.
The reason why i don't like new wallets
1. They always have low users which means they have nothing new to offer,even if new users try them out,once they don't see any thing new they bounce back to their old wallet, repetitive at work
2. Many new wallets on playstore can't be trusted,they have different set of aims, some have access to your private keys but they will fool users thinking you are the only one in control of the private keys and some don't give out private keys to users,they work as online wallet
Atomic wallet has huge success in last year, which means this wallet is very new than any others wallet. Already this wallet is holding enough success either you trust this wallet or untrust. Unfortunately this wallet had a scam app in play store before legit app listed. This isn't right that new wallet can't trust after success. Although some scam wallet also already exists in cryptocurrency 1. They always have low users which means they have nothing new to offer,even if new users try them out,once they don't see any thing new they bounce back to their old wallet, repetitive at work
2. Many new wallets on playstore can't be trusted,they have different set of aims, some have access to your private keys but they will fool users thinking you are the only one in control of the private keys and some don't give out private keys to users,they work as online wallet
actually not only with a new wallet but almost every wallet has a third party so it is very vulnerable and most likely they can also find out your data or can access your wallet there. but I think if the responsible company wouldn't do it because it could be fatal or reflect a bad reputation for the company.
it's true, many new wallets are available at PlayStore today, and offer a variety of facilities therein. but for the sake of the security of the assets I have, I only trust MyEtherWallet to store various ERC20 tokens, and blockchain to store my BTC.
The reason why i don't like new wallets
1. They always have low users which means they have nothing new to offer,even if new users try them out,once they don't see any thing new they bounce back to their old wallet, repetitive at work
2. Many new wallets on playstore can't be trusted,they have different set of aims, some have access to your private keys but they will fool users thinking you are the only one in control of the private keys and some don't give out private keys to users,they work as online wallet
1. They always have low users which means they have nothing new to offer,even if new users try them out,once they don't see any thing new they bounce back to their old wallet, repetitive at work
2. Many new wallets on playstore can't be trusted,they have different set of aims, some have access to your private keys but they will fool users thinking you are the only one in control of the private keys and some don't give out private keys to users,they work as online wallet
I agree with you. It is best to use wallets already tested by time and users. That is what will give more granacy that your funds will be safe. As for the new wallets, even if you even want to use it, it is better to do this first for educational purposes. So you protect yourself in the event of something about the loss of all your funds.
I always use a wallet that has been trusted by many crypto communities and always look at the review of the wallet before use because it is very important that our assets are safe.
everyone certainly does the same with you. but now you can see many new wallet platforms that hold airdrops and are promoted by many participants. we must be careful with what is circulating in the media.The reason why i don't like new wallets
1. They always have low users which means they have nothing new to offer,even if new users try them out,once they don't see any thing new they bounce back to their old wallet, repetitive at work
2. Many new wallets on playstore can't be trusted,they have different set of aims, some have access to your private keys but they will fool users thinking you are the only one in control of the private keys and some don't give out private keys to users,they work as online wallet
1. They always have low users which means they have nothing new to offer,even if new users try them out,once they don't see any thing new they bounce back to their old wallet, repetitive at work
2. Many new wallets on playstore can't be trusted,they have different set of aims, some have access to your private keys but they will fool users thinking you are the only one in control of the private keys and some don't give out private keys to users,they work as online wallet
If you are careless user then you will be victimized by them, your reasons is making you safer from this scammer apps, we don't just trust a app that didn't have more users or well known platform that have their own wallet app. we need to be more careful where we drop our funds, a lot of people now are finding better wallet so lets educate them to not believe to this apps.
Thats true, i never trust new wallet and never log in wallet to the new wallet.
I only use new wallet to claim airdrop/bounty token in their new wallet in a project.
I only use new wallet to claim airdrop/bounty token in their new wallet in a project.
I always use a wallet that has been trusted by many crypto communities and always look at the review of the wallet before use because it is very important that our assets are safe.
everyone certainly does the same with you. but now you can see many new wallet platforms that hold airdrops and are promoted by many participants. we must be careful with what is circulating in the media.
Last two weeks I got new add on look the same with blockhain account because they manage their add on similar with blockhain site. maybe when you added add on blockchain pro to your mozilla browser you never think is fake and scam add on but after checking with their telegram channel look fake and scam, exactly I use new blockchain account for joining airdrop project.
Thanks for the reminders! Actually i never used any new and unknown wallets since in the very beginning of my cryptocurrency investment journey. But i used different kinds of trusted wallet for different coins and tokens, that i was holding. for me its very important to choose those trusted and reliable wallets to protect our funds from unauthorized access and used. so far im not encountered any unfortunate incidents involving any crypto wallet that i was using.
Every season there will always be a way carefully laid out by scammers to deprive people of their fund ,before using a new wallet be very careful so as not to fall prey. I still prefer old or existing wallet though we still need to give chance to new innovations. Some might be developed for a good reason.
I always use a wallet that has been trusted by many crypto communities and always look at the review of the wallet before use because it is very important that our assets are safe.
Yes, but maybe we can make exceptions for some wallets, like trust wallet, I have used it for a long time and until now there has never been a problem.
but it is unfortunate if the new wallet uses the same thing or there are no additional features.
it will only increase the number but no development will be created.
but it is unfortunate if the new wallet uses the same thing or there are no additional features.
it will only increase the number but no development will be created.
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