Freewallet or Atomic Wallet? | Bitcointalksearch.org

hack3rcon

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Quote from: Lucius on May 12, 2021, 07:44:52 AM

Quote from: hack3rcon on May 12, 2021, 05:38:54 AM

If I enter my Trust Wallet phrase keys to another non-custodial wallet like Atomic Wallet, then I can see my assets?

In theory, this should work - but the most common problem is that different wallets use different derivation paths, which then does not automatically generate the identical wallet (private keys) you want to recover. Specifically as far as the Atomic wallet is concerned, I found this answer to a similar question :

Quote from: https://www.reddit.com/r/atomicwallet/comments/bsr6ne/importing_seed_keys/

Our import function is working as a regular transaction. So when you are importing your keys/phrase to Atomic Wallet, your assets will be transferred as a blockchain transaction with a network fee paid to miners.
That is correct, your XRP and EOS addresses have to be activated in the wallet. As Atomic produces your new unique addresses for every coin.
Our 12-word mnemonic seed is compatible with any wallet supporting 12-word mnemonic phrase. The way your assets will be transferred from Atomic is determined by the wallet you are importing your keys/phrase to

This means that they do not support the classic seed/private keys import, but only the sweep option.

Thanks.
I have some Tethers in the MetaMask wallet and it need Ethereum for swapping. How Atomic Wallet converts my Tethers automatically?

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Quote from: mk4 on May 14, 2021, 07:28:43 PM

Quote from: hack3rcon on May 14, 2021, 10:02:02 AM

I enter my phrase keys into the Guarda Wallet and start staking. Is it OK?

In theory, it should be ok. But I personally wouldn't be comfortable with importing my wallet's private keys in multiple wallets; unless it's a hot wallet.

As long as the wallet(s) that the key is being imported into don't have some crazy vulnerabilities that would cost you all the funds in that key you are importing. This particular risk is even higher when the wallet that is being used is not old or popular enough to be considered "safe".

Pmalek

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Quote from: hack3rcon on May 14, 2021, 10:02:02 AM

For example, Trust Wallet doesn't support some coins staking, but Guarda Wallet does. I enter my phrase keys into the Guarda Wallet and start staking. Is it OK?

That will work just fine, yes. But if you use the same recovery phrase across multiple wallets, all it will take is that one of those clients experiences a hack, serious vulnerability, or an exit scam (inside job) for you to lose all your digital assets protected by that seed. That's why it's not recommended. If you created a new wallet and a new seed on Guarda, you would only lose the coins sent to Guarda in case of any problems. Those stored in your Trust Wallet under a different seed wouldn't be affected.

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Quote from: hack3rcon on May 13, 2021, 01:57:50 PM

If entering the phrase keys to another non-custodial wallet work, then why people send their coins between the wallets?

Quote from: hack3rcon on May 14, 2021, 10:02:02 AM

I meant to be personal transactions.
For example, Trust Wallet doesn't support some coins staking, but Guarda Wallet does.

It's either:

1. They're totally unaware of the option to export and import private keys between non-custodial wallets
2. They simply send out the funds to a new wallet for a new set of private keys. Basically for security purposes

Quote from: hack3rcon on May 14, 2021, 10:02:02 AM

I enter my phrase keys into the Guarda Wallet and start staking. Is it OK?

In theory, it should be ok. But I personally wouldn't be comfortable with importing my wallet's private keys in multiple wallets; unless it's a hot wallet.

hack3rcon

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I meant to be personal transactions.
For example, Trust Wallet doesn't support some coins staking, but Guarda Wallet does. I enter my phrase keys into the Guarda Wallet and start staking. Is it OK?

ABCbits

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Quote from: hack3rcon on May 13, 2021, 01:57:50 PM

If entering the phrase keys to another non-custodial wallet work, then why people send their coins between the wallets?

There are few possible reason such as,
1. Security concern that the phrase key/seed/mnemonic might be exposed when you use it on another wallet.
2. Wanting to create new wallet without long transaction history (basically fresh start).
3. They don't know it's possible to do such thing.

Lucius

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Quote from: hack3rcon on May 13, 2021, 01:57:50 PM

If entering the phrase keys to another non-custodial wallet work, then why people send their coins between the wallets?

I'm not sure exactly in which direction your question is going, but I guess you think people should exchange seed or private keys instead of transactions or? This is of course possible, but do you want to give someone your seed, and he has to make a transaction again because you can’t both have access to the same seed for obvious reasons?

If you mean personal transactions (when you send to yourself), it definitely makes sense that instead of an on-chain transaction you just enter your seed in a new wallet - but then you have a situation where the seed is part of two different crypto wallets - and you can compromise the seed in process of entering in new wallet (malware - keylogger).

hack3rcon

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If entering the phrase keys to another non-custodial wallet work, then why people send their coins between the wallets?

Lucius

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Quote from: hack3rcon on May 12, 2021, 05:38:54 AM

If I enter my Trust Wallet phrase keys to another non-custodial wallet like Atomic Wallet, then I can see my assets?

In theory, this should work - but the most common problem is that different wallets use different derivation paths, which then does not automatically generate the identical wallet (private keys) you want to recover. Specifically as far as the Atomic wallet is concerned, I found this answer to a similar question :

Quote from: https://www.reddit.com/r/atomicwallet/comments/bsr6ne/importing_seed_keys/

Our import function is working as a regular transaction. So when you are importing your keys/phrase to Atomic Wallet, your assets will be transferred as a blockchain transaction with a network fee paid to miners.
That is correct, your XRP and EOS addresses have to be activated in the wallet. As Atomic produces your new unique addresses for every coin.
Our 12-word mnemonic seed is compatible with any wallet supporting 12-word mnemonic phrase. The way your assets will be transferred from Atomic is determined by the wallet you are importing your keys/phrase to

This means that they do not support the classic seed/private keys import, but only the sweep option.

hack3rcon

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Quote from: Pmalek on May 07, 2021, 04:29:09 AM

Quote from: hack3rcon on May 06, 2021, 02:58:29 PM

Hello,
Some exchanges like the Binance and some wallets have blocked some countries. When a wallet is non-custodial, then can it block people assets?

Non-custodial means you are in control of your finances. The recovery phrase you have or the individual private keys of funded addresses is what guarantees that control. If Trust wallet or another BIP39 wallet went out of business tomorrow, you would take your seed and regain access to your coins through another wallet.

If I enter my Trust Wallet phrase keys to another non-custodial wallet like Atomic Wallet, then I can see my assets?

Lucius

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Quote from: Yogee on May 11, 2021, 10:32:29 AM

I think he meant he is a participant in a giveaway that was hosted by his favorite wallet. Either way, he is a shill of that wallet just by looking at his post history.

I didn’t focus on what he was trying to construct in that post (promotion giveaway), but on the fact that it’s about someone who is also more than obviously part of their team. Given their reputation, this kind of promotion is really proof that they want to gain as many users as possible in all possible ways - and if we save only one, we have already done something good.

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Quote from: capitan_rocotan on May 11, 2021, 09:33:10 AM

Deciding between those two wallets, I'd vote for Freewallet. I find it more secure thanks to the fingerprint login and the email confirmation.
Also, they got a Multi-currency app where you can store up to 150 coins and tokens.

You said thanks to the fingerprint login? Did you actually know fingerprint has more negative side than using normal password. Like if you are with untrusted person like friends, they can use the privilege to get access to your wallet easily, like maybe when you are sleeping, all they need is your phone and finger to access your wallet. Using password will be better and safer.

Freewallet do freeze funds and block accounts.

Free wallet is custodial which is not a recommended way of saving cryptocurrencies.

In fact, freewallet is not a good wallet.

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Quote from: capitan_rocotan on May 11, 2021, 09:33:10 AM

Deciding between those two wallets, I'd vote for Freewallet. I find it more secure thanks to the fingerprint login and the email confirmation.

It's still a centralized security no matter how you portray that as good. You cannot remove the fact that they lock user's funds.

Quote from: Lucius on May 11, 2021, 09:50:42 AM

Of course, what else would you choose but a wallet to which you are business-related - but the reputation of your service is catastrophic by the standards of this forum - fortunately there are enough of us who know how to look at what is below the surface.

Quote from: capitan_rocotan on December 24, 2020, 09:36:34 AM

Well, strategies are cool, but I've always preferred different giveaways. And thanks to Chrismas, we got many of them. Currently, I'm taking part in one from the Freewallet team.

I think he meant he is a participant in a giveaway that was hosted by his favorite wallet. Either way, he is a shill of that wallet just by looking at his post history.

It was also nice that this topic was moved to this board since it took him a while to find this thread hehe. hack3rcon was already educated of the danger of custodial wallets.

Lucius

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Quote from: capitan_rocotan on May 11, 2021, 09:33:10 AM

Deciding between those two wallets, I'd vote for Freewallet. I find it more secure thanks to the fingerprint login and the email confirmation.
Also, they got a Multi-currency app where you can store up to 150 coins and tokens.

Of course, what else would you choose but a wallet to which you are business-related - but the reputation of your service is catastrophic by the standards of this forum - fortunately there are enough of us who know how to look at what is below the surface.

Quote from: capitan_rocotan on December 24, 2020, 09:36:34 AM

Well, strategies are cool, but I've always preferred different giveaways. And thanks to Chrismas, we got many of them. Currently, I'm taking part in one from the Freewallet team.

capitan_rocotan

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Deciding between those two wallets, I'd vote for Freewallet. I find it more secure thanks to the fingerprint login and the email confirmation.
Also, they got a Multi-currency app where you can store up to 150 coins and tokens.

Pmalek

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Quote from: hack3rcon on May 06, 2021, 02:58:29 PM

Hello,
Some exchanges like the Binance and some wallets have blocked some countries. When a wallet is non-custodial, then can it block people assets?

Non-custodial means you are in control of your finances. The recovery phrase you have or the individual private keys of funded addresses is what guarantees that control. If Trust wallet or another BIP39 wallet went out of business tomorrow, you would take your seed and regain access to your coins through another wallet.

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Quote from: hack3rcon on May 06, 2021, 02:58:29 PM

Some exchanges like the Binance and some wallets have blocked some countries. When a wallet is non-custodial, then can it block people assets?
Trust Wallet is for the Binance and is a non-custodial wallet and that exchange blocked the US and some countries. Is Trust Wallet dangerous to use? When that wallet is non-custodial, then can it block assets?

Trust wallet have their own servers and in theory they can block specific countries for transactions, but your coins should be fine if you keep your backup phrase safe.
I am not using this wallet so I can't confirm it if they actually block someone, however something like vpn services can help you to change your location, but I would suggest using different wallets.
Trust wallet is not my wallet of choice and I would suggest using Electrum, Wasabi, BlueWallet and other open source software and hardware wallets.

hack3rcon

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Hello,
Some exchanges like the Binance and some wallets have blocked some countries. When a wallet is non-custodial, then can it block people assets?
Trust Wallet is for the Binance and is a non-custodial wallet and that exchange blocked the US and some countries. Is Trust Wallet dangerous to use? When that wallet is non-custodial, then can it block assets?

hack3rcon

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Thank you, but Trust Wallet doesn't support EOS Sad

The non-custodial wallets could block people coins?

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Quote from: hack3rcon on April 26, 2021, 07:17:18 AM

Thank you so much.
The Coinomi wallet support more coins or Trust Wallet?

I checked a review about each of them:

The Coinomi wallet: https://99bitcoins.com/bitcoin-wallet/coinomi-review/
The Trust Wallet wallet: https://cryptoew.com/top-wallets/trust-wallet-review/

I know the Guarda wallet fee is high. How about the Coinomi and Trust Wallet? These wallets checking the users IP address?
When a wallet is close source, then could it mean it is a scam or their developers steal user's coins?

Compared to Coinomi i recommend you use Trustwallet. for a wider range of uses such as storing bitcoins or connecting to defi projects, Trustwallet is preferable. besides that, trustwallet also provides a bitcoin custom-fee feature. ^{(you can do more research and hopefully you can find one that is truly comfortable with you)}

Topic: Freewallet or Atomic Wallet? (Read 438 times)