Topic: Is there good wallet decentralized app ? (Read 502 times)

Well, It was not a decentralized system, but rather a centralized one.

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And for the OP, I think Electrum was one of the proven and tested for this matter,
Due to there are many community saw this and it became helpful to anyone who
tried it already personally.

Also Trustwallet app was proven to me as well.

Website: https://alphawallet.com/

Github: https://github.com/AlphaWallet

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Was referring to this.

Unstoppable Wallet may be precisely what you are looking for.  It does wonders for me and has so many options I always wanted a mobile app to have.  Worth a try.

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Regards,
PrivacyG

What is Alpha wallet?
https://walletscrutiny.com/ gives me an info it's 3 year old discontinued and google search brings a website which times out.
A good recommendation for open-source smart-chain wallets would be appreciated.

Regarding your prepaid card suggestion... I am not aware of any non-KYC let alone an "open-source"/decentralized solution for that.

Electrum/mycelium for btc, alpha wallet for eth + other evm chains and usdt  (non custodial + open source), lastly for debit card thing you could use prepaid cards loadable with crypto.

My goodness, nonce back at it again with the killer-links.
Shame on me, I wasn't aware of walletscrutiny.com until now - what an incredibly valueable resource to have!

Just wanna point out that Coinomi is neither decentralized (it should be clear by now that that's nothing to do with a wallet anyway) nor is it open-source code.
Also they tend to have terrible support when something stops working. Good example is their Monero wallet which was discontinued silently many months ago and despite promises to do so they never updated it. - XMR funds stored with them are unaccessable except for a complicated private-key export which also exposes the seedphrase for your whole Coinomi wallet. :<

My guess is that too many people think of centralized exchanges as places where you register an account and never get access to your private keys. But they are forgetting about the custodial part. Sure, they are centralized, but you not having access to keys is an issue of custody. The opposite of that would be a service that provides you with access to your seed and private keys. Since such a wallet allows you to generate and handle your own keys, they confuse the terms and think of that as decentralized instead of just being non-custodial.   

Do you know what 'decentralized' means? Here, I'll help you out: link.
In this case, the OP question could be rephrased as: 'Which wallet relies on the least amount of centralized services?', hence why I recommended Bitcoin Core.

I think it's clear that adding support for credit cards makes a wallet infinitely more reliant on centralized services.

What is your understanding of a 'decentralized wallet'?

Atomic is closed-source and marked deep red by Wallet Scrutiny.
Same story with Exodus.

Electrum is a completely decentralized wallet that is good, simple, and easy to use. It is one of the most reliable and secure wallets in the market. It is one of the best wallets for storing bitcoins. It has many advantages such as speed and low resource usage. It cares about the security of its users. They can store their assets via cold storage which is available on the phone and on the desktop. It is difficult to hack the Electrum wallet of everyone who uses it unless the phone or computer of the person using it is not under his control.

Correct me if I am wrong, Atomic & Exodus wallets, anyone can buy crypto by using them through a credit/debit card, and they are good decentralized wallets and most of the currencies mentioned by the OP are available in them.

when you want a bank debit card connected to crypto and decentralized there will never be one. this would be cons and banks would not be happy with "decentralized" either. Decentralized wallets that are good and recommended and Open Source are electrum. I've also used it for years, and it's still secure as long as the user knows how to store a good passphrase.

That could be because of several reasons:

• OP wants a decentralized wallet that also works with debit cards for online payments. Bisq doesn't work that way. You can't use it to pay merchants using a debit card.
• Besides BTC, OP also mentioned ETH and USDT. The trading history on Bisq shows very little altcoin activity. On top of that, if he wants to use USDT over the Tron network, he won't be able to do that because it isn't supported at all.
• He makes comparisons with Liberty Reserve. LR was a decentralized system, but OP is looking for something decentralized here. He seems a bit confused. LR also didn't allow you to withdraw coins to your bank account. Those were digital assets that had to be converted to fiat first with the use of a 3rd-party exchange.

I am suprised to see Bisq exchange was only briefly mentioned before.

It's a dektop app available for most systems: https://bisq.network/downloads/
You can choose between a lot of payment methods including direct bank-cashout. It's a decentralized open-source exchange-system for p2p sales.
Mostly works for smaller amounts between 0.01 and 0.1 BTC (I think up to 0.25 if you find a buyer). Yes, liquidity is kinda low, but if you are okay to wait a few hours you can usually get a trade 1 - 3% above the current rate through.

For more info check out this thread: https://bitcointalksearch.org/topic/m.61532073

This description is like asking for a wallet that can't be attacked in any form. However, Of course, it depends on the type of Card, there exist multiple cards that can be configured to pay in cryptocurrency like Boltcards that can be linked to LNbits to make LN payments. But, that will be on a more technical level. An app generally cannot be fully decentralized and secure, they must be bugs, that is why people suggest open source wallets that is decentralized.

However, if you are referring to a card like MasterCard, it won't make any sense regarding decentralization. It'll be wrong to initiate such features on a decentralized cryptocurrency wallet, it's more like exchanges. In addition the bolt-card above can only work on store that supports LN, not all stores can accept the card payment, which sound abstract from your tone. Seems like you're referring to linking to banks just like Paypal. Far from reality.

Cryptocurrency is a body that won't have anything to do with the bank or any centralized payment body. In cryptocurrency, Atm exists, everything a currency needs to excel can be found in cryptocurrency as it's open source, anybody can contribute. Unless the banks adopts cryptocurrency, reverse won't be possible; cryptocurrency can't adopt the banks.

I don't think what you're saying is decentralized, then you want it, then the debit card will be connected to it. For what else it is called decentralized?

There is no such wallet apps dude, I have never seen a noncustodial wallet where you can transact with a debit card. Maybe if there is such a thing, I can't say that such a concept is 100% decentralized.

But if you want a safe for bitcoin what I can recommend is Electrum. I've been using it for years even though I don't have a hardware wallet or trezor wallet. As long as your seed phrase and private key are kept in a safe, it's fine.

As long as it connects to the devs' servers, it is absolutely not decentralized.
Keep in mind they don't release their source code, so there's no way to check whatever the fuck this application is doing; for all intents and purposes, it is probably deanonymizing you all day and all night, sending them your personal data, wallets and connecting everything together. Since this is very valuable information.

First of all, Bitcoin is decentralized. If you run your own node and submit a transaction, it is broadcast to the Bitcoin network through its decentralized P2P protocol. Besides the fact that other nodes won't know if you're just relaying someone else's transaction or sending out one yourself, Bitcoin also natively supports Tor. So your node could be operating completely over the Tor network using very private and secure onion routing.

If you need to use a mobile / light wallet app, you absolutely want to set it up so it exclusively communicates with your own node through Tor. Tor in this case acts like a secure tunnel (similar to a VPN); data is transferred encrypted between your devices and once it reaches your node, it enters the Bitcoin network as always.
Your wallet needs to be open-source and verifiable, so you can make sure it only connects to your node. Many wallets that have the 'custom Electrum server' feature, actually still connect to Google servers for notifications and such unnecessary features.

Those you have mentioned above will help OP's needs?
I think there is no exchange the same as Liberty Reserve --if there is, they also shut down the same on that exchange. Liberty Reserve was shut down on May 2013 found and plead guilty doing money laundering, so I think, therefore --no one followed the same as them.

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Using your debit card will not help you to cover your identity but I hope this suggestion of mine was right and it will perhaps be wrong.
You can create an account on Binance and fund using your debit card, once it is funded, you can use their P2P trading which is I think the best way to cover your identity. After the transaction --you can send all your coins in a hardware wallet ^{[Trezor or Ledger]} that you have full control or which is a truly decentralized wallet platform, never use an exchange platform even if they claimed themselves as an open-source wallet or non-custodial wallet.

  - What I see that is quite okay for me is Atomic and exodus wallet because the assets that can be used in these two can be the cryptos that you mentioned. And I can say that their performance is good according to my research.

And if we're talking about bitcoin, I think electrum is enough even without a hard wallet or trezor, as long as you put it in a good backup and it's safe.

That's standard modus operandi for all non-custodial wallets, both good and bad ones. If you can't generate and backup your own seed, you aren't using a non-custodial wallet.

It's not decentralized at all. You rely on their own servers to stay online to be able to sync and use the wallet. That's a centralized system. You can't create your own node and connect it to Trust Wallet. If Trust Wallet servers crash and never come back online, you lose your ability to use that wallet. People seem to think that if you generate your own seed, that's proof you are using a decentralized wallet.

Sorry if this has been suggested before but I feel trust-wallet is a good one. I have been using it for years now and never had any issues and they provide you with the mnemonic phrase using which you can import/export your wallet.

It supports almost every major coin out there along with tokens on ETH & BSC. I am not a tech geek so I don't know if the wallet is completely decentralized or not but just sharing my experience.

I have always felt nothing is decentralized (not trying to offend anyone) because when we make any transaction it requires internet and our IP must go out somewhere since we need internet to make transactions. But again, I am not a pro so I may be wrong and I don't mean to accuse the blockchain lol just genuinely curious.

Really? Is their centrally decentralized server located on the British Virgin Islands and only there or how does it work exactly? You seem quite experienced with these things. Maybe you can explain to us the decentralized nature of the very centralized Coinomi wallet.

In comparison to what? All other normal wallets that also don't charge and deposit/withdrawal fees? Exchanges and casinos charge withdrawal fees, good wallets don't and shouldn't. Promoting such a feature as a benefit and reason to use it is like saying that BMWs come with windshields and windshield wipers.

The best / most decentralized way would be to run your own Bitcoin full node (Bitcoin Core) and Ethereum full node (link).
And of course a node of whatever other coin you're interested in. If you don't do that, you're always going to have to 'ask' someone else's node for blockchain information, reducing your privacy.

I hate this app, to be honest.
The bolded part above is a lie, this is a very buggy app that you need to refresh before it will connect to the node. 
I used this before but I stopped using them knowing that they aren't an open-source app, they are a closed-source wallet app which is I think not safe.  I prefer to use an open-source wallet like Electrum which you can verify the app.

Just separate always your Bitcoin from your altcoins wallet, because the safest way to store Bitcoin is only Bitcoin wallet alone.
In altcoins, it could be Trustwallet but don't exchange directly your altcoins on exchange wallet because they used third-party exchange which has extremely high fees that you'll experience for sure.

If you want to get the full package as you mentioned, it seems complicated. Because some Non-Custodial wallets do not provide debit cards and some crypto wallets that provide special crypto credit cards that are different from ordinary credit cards, but it is centralized and far from decentralized and some also require KYC.
Why use a debit card? decentralized Wallet Non-Custodial non-KYC is enough, like electrum, and if you want something better install Bitcoin Core. Debit cards and credit cards will only lead to a centralized ecosystem.

Are you running an ad Campaign for Coinomi on Bitcoin Talk?  If so, posts are not ad placeholders.  Advertise them in your Signature if that is what you will.

Firstly, it makes no sense to ask for receiving or sending fees as a Wallet when there are free alternatives.  It should be network fees only no matter the Wallet you use.

Second of all, Coinomi is anything but Decentralized.  They are Closed Source, you do not know what is happening behind the scenes.

Do your research before promoting something you have no idea about!

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Regards,
PrivacyG

I'm using Atomic wallet it's a reliable, secure and anonymous decentralized wallet, you don't need verification, you don't need KYC, you own all your private keys. There is a desktop version for PC and a mobile app as well.

BTC ETH USDT and many other coins and tokens can be stored and exchanged.

As for storing coins, the wallet lets you own all your private keys for bitcoin and altcoin as well, so you are completely safe.
But as for the exchange of coins, it is done through a third-party service, so additional fees are deducted, and this service may be prohibited in some countries.

Bitcoin or altcoin can also be purchased with a Visa card powered by SimPlex.

You can try decentralized Coinomi desktop wallet from British Virgin Islands - www.coinomi.com - with Bitcoin and 1770+ various altcoins, exchange built in, and debit card connected for crypto buying. Wallet do not charge any fee for receiving/sending, only network fees.

They are just buzzwords and popular jargon that OP has heard about in his research about crypto. It goes like decentralized=good, centralized=bad. He might or might not be familiar with the custodial vs. non-custodial argument, but essentially, that's what he wants. He is just asking the wrong question.

Lol, sorry if this comes off like I'm being an asshole, because I am...

But why in hell do you care if your wallet app is decentralized if your trading centralized shitcoins like ETH and USDT?  And on top of that, why would you even trust a "decentralized wallet app" with a centralized service like a Debit Card which spends centralized Fiat?

None of this makes any sense.

Forget about debit and credit cards for the things you expect from a wallet. Your thread is somewhat similar to 3 questions about wallets and DEXs. Read that one for more information.

BTC, ETH, and USDT are supported on AtomicDEX and Bisq. But you won't find support for the USDT token available over Tron. The ETH and Solana versions are available.
You can trade some altcoins for fiat via Bisq, but the liquidity is very low. You can make atomic swaps with AtomicDEX, but like I said above, there is no support for Tron and TRC10/20 tokens.     

I think what you are trying to search for is:

 - A wallet manage more than one crypto.
 - It has an automatic exchange feature between cryptocurrencies
 - Decentralization and you control your keys.

I do not think that there is an open source wallet that provides these options, Exodus^[1] provide these properties, but it is closed source, and not completely decentralized because they use third-party applications that work in the background.

[1] https://www.exodus.com/

You seem to be trying to combine the incompatible, expecting to get a completely decentralized application with the ability to connect a debit card. Here you have to choose one of two. You can also separate these 2 functions: store the bulk of your savings in a decentralized wallet, and use another wallet for current needs, which will be able to connect bank cards. Why is this not a solution? This makes it even safer.

The software itself cannot be decentralized because the code doesn't care about who is going to run it: it can be either a centralized entity or a community forming a consensus in a decentralized manner. Take the bitcoin community, for example, the decentralization in bitcoin is possible not because the software is designed in a certain way but because the community consists of people who have incentives to defend the principles encoded in bitcoin. Bitcoin has no centralized team of decision-makers, it has no marketing department to increase awareness and speed up global adoption, and it has no people in charge: everyone who joins the bitcoin community does it absolutely voluntarily. If you keep your bitcoins in cold storage, you can be sure that no one can take them from you; you are being defended by a strong community of supporters of decentralization. Now compare it to holding USDT in a wallet: your transactions can be censored, your addresses can be frozen, and the account of the issuer can be deleted by Fed. There is no decentralization, there is no hope, and the future is uncertain.

Why would you need a debit card linked to your wallet anyway, you can pay just fine as long as the store support cryptocurrency. If you go to a store that doesn't support crypto then you should not use a crypto wallet to pay in the first place. Just carry some cash around or use a dedicated debit card so you don't risk your wallet being exposed to another party unintentionally.

You are mixing buzzwords which together doesn't mean anything

A decentralized app is an application that once running cannot be stop by anyone. For example, a game like cryptokitties, or a Decentralized exchange or even a mixer service like tornado cash.
Those apps are running forever. Once you fuel them with gas/eth they will do what they were programmed for.

A Decentralized wallet just doesn't make any sense. A "wallet" is just an interface to use a number, which is the private key.

You can have open source wallets,  not decentralized ones. Wallets don't run anything.

Right term would be non-custodial wallet.
You should pay attention to use Open Source wallets that are tried and tested by community, audited and verified by websites like WalletScrutiny.
For multicoin wallets I would first suggest hardware wallets like Trezor, BitBox or Keystone, but you have to purchase them if you want to use them.
There are not many good alternative free software wallets, but I would say that good mobile wallet is Unstoppable.money, and for desktop you can check AtomicDex wallet.
Everything else is closed source wallets and I don't suggest using them for anything more than pocket money.

PS
It's best to stick with Bitcoin, and drop all other coins.

Trust Wallet is only partially Open Source.  They used to be fully, but they are not any more.

Unsure Exodus is 'Decentralized'.  Bitcoin Core and presumably Bitcoin Wallet only have the option to store Bitcoin.  OP is looking for Altcoins as well.

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Regards,
PrivacyG

There is no definitive answer to this question as different people have different opinions. Some people believe that there is no good decentralized wallet app, while others believe that there are a few good options. It is hard to say which is the best option, as there are so many different options available. Some of the best-decentralized wallet apps include Bitcoin Core, Bitcoin Wallet, and Exodus. These apps are all very reliable and offer a lot of features.

https://bestproductsreviews.net/mechforex/

I'm assuming you want a non-custodial open source wallet. I'm not sure if you can store all of your coins in a single non-custodial wallet. Trust wallet claimed that they are non-custodial and open source. However, I have not verified it in any way. Another thing to consider is that if you connect your debit or credit card, you will not be able to use it without the involvement of a third party. Credit card purchases or transactions will not be made directly on non-custodial wallets. You should use a hardware wallet, but you will need a third party to connect your cards.

You can choose a hardware wallet abd buy one, you can download a cold storage wallet such as electrum and have your keys with you, bitcoincore is another means just as suggested already by mk4, its the best to choose of all but the requirements to achieving this has a but to do with technical potentials but trust me is the best and if you can't meet up with the requirements you can always refer back to the two options mentioned at first.

Are you sure Liberty Reserve's wallet was Decentralized?  Was it even Open Source at all?

I think you need to tell us a little bit more about what you are looking for.  Are you looking to pay at stores with your actual Debit card or are you looking for a Wallet app that lets you pay at stores with your Cryptocurrencies?

I really doubt Cryptocurrency Wallet developers will implement Debit cards into their software because Cryptocurrencies are supposed to be an alternative to banks.  If I give F-Droid a quick search, Unstoppable Wallet is the only one fitting closest to your description but it does not have Debit or Credit cards implemented.

As a side note, I suggest moving this article to the Altcoin Discussion board (this).

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Regards,
PrivacyG

Probably the only 'truly' decentralized wallet we have today is Bitcoin Core, along with probably Electrum due to it's diverse contributors. Maybe you're looking for something non-custodial and open-source, rather than actually decentralized? Because a wallet not being decentralized is totally fine.

Also, I don't think it's possible to have a decentralized wallet and have a debit card connected.

App wallet like this:
Where is BTC ETH USDT and maybe other coins.
Fully decentralized safe and secure and Also have debit card connected so you can pay on stores safe and secure.
Similar with liverty reserve wich was best only was used by not honest means but the core idea of libery reserve was best one we Ever seen.

But Are there such a wallet app ? If not i think it should be