Is Coin98 wallet safe? | Bitcointalksearch.org

NotATether

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Quote from: BayekSmith on Today at 02:10:04 AM

Thank you for sharing your perspective! May I ask which wallets you are using to store multiple altcoins? I am looking for a wallet that can hold BTC, ETH, BNB BEP20, Celo, CHZ, and ARB. I am currently using Trust Wallet, but since it does not support CHZ and ARB, I have to keep these two coins on Binance. Additionally, I prefer not to use ERC20 due to high transaction fees and slower speeds.

Unstoppable Wallet supports most of the coins you listed, but it's mobile-only.

Honestly, I think you will have a hard time finding a wallet that supports all the popular coins and also some of the obscure coins. Exchanges are really the only platforms with this sort of support.

BayekSmith

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Quote from: hosseinimr93 on November 15, 2024, 10:01:29 AM

Quote from: apogio on November 15, 2024, 08:00:09 AM

If Coin98 allows you to backup the wallet using a universal tool, like BIP39 seed phrase, then you are ok!

There are many wallets that give you BIP39 seed phrase, but I would never trust them.
For example, trust wallet is very popular and many people are using it, but I would never use it, because it's close-source and there is no way to know how the keys are generated. Due to the same reason, I would never trust the wallet mentioned by OP.

Thanks for sharing. So what is the safest way to generate keys?
And can I generate keys securely first and then use a closed-source wallet?

BayekSmith

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Thank you for sharing your perspective! May I ask which wallets you are using to store multiple altcoins? I am looking for a wallet that can hold BTC, ETH, BNB BEP20, Celo, CHZ, and ARB. I am currently using Trust Wallet, but since it does not support CHZ and ARB, I have to keep these two coins on Binance. Additionally, I prefer not to use ERC20 due to high transaction fees and slower speeds.

hosseinimr93

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Quote from: apogio on November 15, 2024, 08:00:09 AM

If Coin98 allows you to backup the wallet using a universal tool, like BIP39 seed phrase, then you are ok!

There are many wallets that give you BIP39 seed phrase, but I would never trust them.
For example, trust wallet is very popular and many people are using it, but I would never use it, because it's close-source and there is no way to know how the keys are generated. Due to the same reason, I would never trust the wallet mentioned by OP.

Charles-Tim

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Leading Crypto Sports Betting & Casino Platform

There are many bitcoin open source wallets. Why should anyone prefer a close source wallet instead? I can not recommend a close source wallet.

Maybe it can be good for altcoins. I prefer to use Unstoppable for altcoins.

Quote from: apogio on November 15, 2024, 08:00:09 AM

If Coin98 allows you to backup the wallet using a universal tool, like BIP39 seed phrase, then you are ok!

It is BIP39 seed phrase.

apogio

hero member

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There is no safety in wallets, as long as the money don't belong to you. This means that if you don't own a seed phrase to generate the wallet using other software, then the bitcoin isn't truly yours! If Coin98 allows you to backup the wallet using a universal tool, like BIP39 seed phrase, then you are ok!

OmegaStarScream

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The wallet is quite popular if you look at the reviews on the play store, or their followers on twitter, etc.

Now is it safe (as in would the developers run with people's money)? I would treat it the same way I would treat any closed source wallet (like Exodus for example). You probably shouldn't keep large sums of money in it.

BayekSmith

newbie

Activity: 9

Merit: 0

Is anyone using the Coin98 wallet? Could you share some reviews?
I see it supports multiple types of coins, so I'm considering switching to this wallet.

Edit:Thank you for sharing your perspective! May I ask which wallets you are using to store multiple altcoins? I am looking for a wallet that can hold BTC, ETH, BNB BEP20, Celo, CHZ, and ARB. I am currently using Trust Wallet, but since it does not support CHZ and ARB, I have to keep these two coins on Binance. Additionally, I prefer not to use ERC20 due to high transaction fees and slower speeds.

Topic: Is Coin98 wallet safe? (Read 62 times)