Thanks for sharing this vital info, not your keys not your coins, it's simple as that, we have dex mobile wallets that are better, the only thing Xapo was good for is faucets, but not faucets don't bring any dime again, here are some good wallets
1) Trust wallet
2) Exodus wallet
3) Coinomi wallet
4) Bread wallet
5) Mycelium wallet
6) Myether wallet
7) Atomic wallet
8. Infinito wallet
9) Jaxx wallet
Topic: Importance of recovery seed/private keys - page 3. (Read 857 times)
Another disadvantage of using a third party wallet is you are not able to chose your transaction fees. Freewallet has been in past know to scam users with insanely high transaction fees. Even coinbase which claims to be using flexible transaction fess charges much to users while sends it's transactions in batches that too with very low fees which takes hours to reach 6 confirmations.
if you don't have private keys its not your coins, also many wallet store your seed on the server, stay away from them !!
Every crypto wallets requires the internet but they are of different types, we have online wallets, offline wallets and mobile wallets, I will like to share information about bad wallets that newbies need to stop using right now
Just imagine if your phone get stolen or lost how will you recover your coins or tokens? The fact is on some wallets you will easily recover your coins, but on others you won't be able to
Online wallets are very bad, stay away from them, they give users no access to private keys, they work like centralized exchanges where you have no control of your keys, here are example of such wallets, if you are using them please stop
1. Xapo wallet
2. Bitcoin.com wallet
3. Freewallet
Etc
Any wallet that failed to give you recovery seed or phrases and private key aren't safe
Just imagine if your phone get stolen or lost how will you recover your coins or tokens? The fact is on some wallets you will easily recover your coins, but on others you won't be able to
Online wallets are very bad, stay away from them, they give users no access to private keys, they work like centralized exchanges where you have no control of your keys, here are example of such wallets, if you are using them please stop
1. Xapo wallet
2. Bitcoin.com wallet
3. Freewallet
Etc
Any wallet that failed to give you recovery seed or phrases and private key aren't safe
Jump to: