I guess personal wallets are a thing of the past now.

wxa7115

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Quote from: imstillthebest on September 08, 2021, 04:17:29 PM

why look for a single wallet , i thought your missing the old times ? so you can also do that again but if your old computer is working fine and can still support new updates from the wallet then theres no need to use a new computer .
what i cant only understand is your title , why say so when we all need a personal wallet to store our cryptos ? and if not personal wallet , what wallet should we use ? the one that is been shared ? thats risky .

The OP is noticing it a raise in a tendency that I have also noticed, it seems many newbies these days are not using their own personal wallets and instead are using the wallets given to them by exchanges, and while it is inevitable to use those wallets if you are a trader at the same time it is a mistake to leave your coins for long there.

After all it is not rare for exchanges to change their policies and suddenly you find yourself unable to get your coins out of the exchange, and we also need to consider the risk you are incurring by having your coins there when we know that hackers are always trying to gain access to exchanges and many times in the past they have been successful and have stole fortunes from them.

imstillthebest

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why look for a single wallet , i thought your missing the old times ? so you can also do that again but if your old computer is working fine and can still support new updates from the wallet then theres no need to use a new computer .
what i cant only understand is your title , why say so when we all need a personal wallet to store our cryptos ? and if not personal wallet , what wallet should we use ? the one that is been shared ? thats risky .

Pulsar77

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Personal wallets are a need for people actually. Because it is not wise to HODL your coins in an exchange. While your money is in that exchange, it is like you are sharing your money with the exchange. This is why I don't prefer to HODL my coins like this. Even if it is Binance that I'm talking about, my ideas won't change. I use crypto exchanges for only stablecoin staking, no more than it.

wxa7115

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Quote from: Ever-young on August 16, 2021, 07:06:53 AM

Personal wallet for me remain the best, most of them has also started giving room for staking. Personal wallet gives you access to your fund anytime you want it, unlike most online wallet and exchange wallet which you might be in need of your token and at that time a maintenance is being run for that particular contract which will delay your withdrawal and fund usage.

Correct, it is not mystery that one of the most poplar proverbs that we hear here in this forum is ‘not your keys not your coins’ if you have your coins in a third party wallet then you do not really have coins and you can be scammed at any time.

If a project does not offer you to do everything you want with their project with a wallet that you can install in your personal computer then ditch them as there is a big chance those developers are scammers or at least incredibly incompetent if they cannot understand something as simple as this.

Cadaver20

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Quote from: _MrTuyul404 on August 04, 2021, 07:40:41 AM

I will also do like that, buy some altcoins that keep them in the wallet for the next 5 years, will I become a billionaire? Who knows? Grin

No one knows what will happen in the future. We only think of the positive option but it can also be negative. We don't want to think about it. So we should keep two options positive / negative in mind. If you buy Altcoin at a higher price now, you may lose instead of your profit after 5 years.

Scripture

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Quote from: bitcoin-shark on August 16, 2021, 11:48:16 AM

the world of crypto is constantly evolving and also the various wallets evolve continuously, in order not to remain backards and keep up you have to follow almost daily, modern wallets almost all offer the possibility to access the defi platforms through the dapp browser integrated, like download for the pc i would suggest exodus (not completely decentralized), coinomi or eidoo

Even the hard wallet are making a lot of changes especially if there’s a new good project to be add on their system. As our wallet grows a lot, we should also get update and never be left behind on a market that moves faster, because if you don’t act accordingly you might lose many opportunities.

eaLiTy

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Quote from: The_Trader on May 05, 2021, 01:05:58 PM

I was just going through my appdata on my old comp (been in the shed for 4 years) and boy I used to run a lot of wallets on it.

Not sure what all coins you invested or collected to have a ton of wallets. I have a hardware wallet and that can handle most and i have a backup wallet as well. Other than Bitcoin which i usually use i do not store the rest elsewhere.

Quote from: The_Trader on May 05, 2021, 01:05:58 PM

And guess how many I have on my new comp = zero
So I started looking around the forum and can't really find a single wallet I can download onto my comp, add a few coins and start staking.
Amazing how fast it has all moved on in just a couple of years.

It depends upon what all projects you are interested. If you are just using tokens that are build on ERC 20 or BEP 20 then all you need is Metamask, Trustwallet to connect to start staking and there are other wallets like Portis, Fortmatic, authereum and Frame and i know some might have technical issues with certain tokens but Metamask and Trustwallet is more than enough to connect to every project.

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Quote from: The_Trader on May 05, 2021, 01:05:58 PM

I was just going through my appdata on my old comp (been in the shed for 4 years) and boy I used to run a lot of wallets on it.

And guess how many I have on my new comp = zero

So I started looking around the forum and can't really find a single wallet I can download onto my comp, add a few coins and start staking.

Amazing how fast it has all moved on in just a couple of years.

Nostalgic moment over now

Cheers
TT

this is a greatness of technology through cryptocurency. developments continue to be carried out by experts so that we must continue to pay attention and follow every development that occurs in cryptocurency so that we are not left behind from the latest information. and in the future there will be many new things that will continue to be discovered and developed to make people more secure and comfortable in doing activities in cryptocurency.

bitcoin-shark

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the world of crypto is constantly evolving and also the various wallets evolve continuously, in order not to remain backards and keep up you have to follow almost daily, modern wallets almost all offer the possibility to access the defi platforms through the dapp browser integrated, like download for the pc i would suggest exodus (not completely decentralized), coinomi or eidoo

glendall

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Quote from: The_Trader on May 05, 2021, 01:05:58 PM

I was just going through my appdata on my old comp (been in the shed for 4 years) and boy I used to run a lot of wallets on it.

And guess how many I have on my new comp = zero

So I started looking around the forum and can't really find a single wallet I can download onto my comp, add a few coins and start staking.

Amazing how fast it has all moved on in just a couple of years.

Nostalgic moment over now

Cheers
TT

some old altcoins may be valuable but require swap and may be too long in your wallet that you are confused about using them
maybe out of the many tokens you have, there are some that are of value, only you are left with the info, try to open the history of your wallet again

Janus101

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This outcome is expected, this is what makes most altcoins dangerous for long term hold without looking back, they can change from a Chain to another, they can swap smart contract, they can do lots of other things and if you aren't following you will lose out, it's always good to stay active

I appreciate both coins with proper blockchain and wallet clients and coins that using already existing blockchains and ecosystems. But the main point is as long as you have the wallet.dat file, your coin stays with you forever without any daily checking or mishaps that need to swap and such. While the same can't be said for coins that utilize token ecosystems.

ivankoh

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Quote from: Kavelj22 on May 05, 2021, 05:01:41 PM

Quote

I guess personal wallets are a thing of the past now.

I am pretty sure about the confusion in using "personal wallets" in the title.

What does it mean "thing of the past"? I guess you are talking about your old personal wallets, and not Personal Wallets in general. if so, then your topic is a useless nostalgic post. And if about wallets in general, sorry to say that you're wrong, as personal wallets "custodial ones" are still the best way to store and use cryptocurrencies rather than exchange wallets or non custodial wallets.

Yup. It also seems to have confused me "Personal wallet". It confuses me. Lol
The development of a separate Dapp for popular wallets creates a quick fit, simple, easy and user-friendly even on your phone. Everything is guaranteed security, even more improvements.
This provides convenience for users and helps to increase popularity.

Ever-young

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Personal wallet for me remain the best, most of them has also started giving room for staking. Personal wallet gives you access to your fund anytime you want it, unlike most online wallet and exchange wallet which you might be in need of your token and at that time a maintenance is being run for that particular contract which will delay your withdrawal and fund usage.

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Quote from: ?? on ??

This outcome is expected, this is what makes most altcoins dangerous for long term hold without looking back, they can change from a Chain to another, they can swap smart contract, they can do lots of other things and if you aren't following you will lose out, it's always good to stay active

It affected the users who want to hold for long term because even if the project still is alive in the market and the team is developing the project, some of the team set a schedule for migration and how who are not informed no longer could move their tokens to another chain.

when an investor is confident the team is highly qualified to build a project, they tend to hold the token hoping for big profit after years. but disappointed after just a year.

Chuky92

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As with every growing system, ecosystem, sector or technology, there is need to be updated with wherever and whatever you find yourself in, through constant follow up, else you might miss out on life changing opportunities. Actually, personal wallets can't be a thing of the past because till date it still offers the best method of personal security against theft and/or data breaches. Moreover, in most DEX nowadays, before you can trade on them, you will need to have the required assets right in your personal wallet before you can do so.
However, the concern is many people are yet to understand the importance of personal wallets and thus still using most exchanges for storage of their assets, while it has been said countless times that, you can only be sure of your assets if they are in your personal wallets.
Therefore, whatever coin you buy, if it is not on prominent wallets like Imtoken and the rest, do well to follow up on that project and their wallet where you stored your coins.

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Quote from: The_Trader on May 05, 2021, 01:05:58 PM

I was just going through my appdata on my old comp (been in the shed for 4 years) and boy I used to run a lot of wallets on it.

And guess how many I have on my new comp = zero

So I started looking around the forum and can't really find a single wallet I can download onto my comp, add a few coins and start staking.

Amazing how fast it has all moved on in just a couple of years.

Nostalgic moment over now

Cheers
TT

Actually, it is very difficult to monitor the current situation all the time, but we have to do that as in the crypto market everything changes very rapidly, so you have to follow all your altcoins and defi projects as they are quite risky.
What comes to wallets, the best decision is metamask, to my mind, because it can connect to almost all platforms.

cdog

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Quote from: tabas on August 04, 2021, 02:53:14 PM

Quote from: _MrTuyul404 on August 04, 2021, 07:40:41 AM

I will also do like that, buy some altcoins that keep them in the wallet for the next 5 years, will I become a billionaire? Who knows? Grin

Nobody knows but if those coins that you'll buy are not so good then don't expect yourself that you're holding some good coins. Being with the same fate as bitcoin on its early stage.
I don't think that's going to happen again for some other altcoins.

There are so many altcoins in the market that you have to choose the right altcoin to hold within 5 years, unless you choose between the two top altcoins between ETH and BNB, although there is no guarantee but the two top altcoins are more worth holding for investment than other altcoins.

perfect999

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Quote from: The_Trader on May 05, 2021, 01:05:58 PM

I was just going through my appdata on my old comp (been in the shed for 4 years) and boy I used to run a lot of wallets on it.

And guess how many I have on my new comp = zero

So I started looking around the forum and can't really find a single wallet I can download onto my comp, add a few coins and start staking.

Yep, a lot of things have changed. There are some wallets that I used to see in those early times of cryptocurrency, but now they have either stopped existing or they changed their platform and their names. It’s the same with tokens these days, like Argoo said, a lot of them keep changing from one platform to another and if you’re not watchful enough you will end up with bags that are filled with useless tokens. So we always have to be keeping up with the market as it keeps evolving. It’s really important.

tabas

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Quote from: _MrTuyul404 on August 04, 2021, 07:40:41 AM

I will also do like that, buy some altcoins that keep them in the wallet for the next 5 years, will I become a billionaire? Who knows? Grin

Nobody knows but if those coins that you'll buy are not so good then don't expect yourself that you're holding some good coins. Being with the same fate as bitcoin on its early stage.
I don't think that's going to happen again for some other altcoins.

fortune1002

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What does mean by your post title "Personal wallets are a thing of the past"? Are you saying that people are now not using personal wallets in their mobile or computers? Still, personal wallets are being used because this is the only way to keep our cryptocurrencies safe and secure. Exchanges wallets are not secure recently many exchanges have been hacked, so using Exchange wallet is very risky.

Topic: I guess personal wallets are a thing of the past now. (Read 488 times)