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Topic: Open source multi crypto wallets! - page 2. (Read 254 times)

legendary
Activity: 1596
Merit: 1288
November 04, 2023, 11:59:41 PM
#8
Being open source does not necessarily mean that you are safe, as you must ensure that the code that you install on your device is the same as the open source code and that there are enough reviews to say that this open source code is safe.
You can verify that you are installing the same code by verifying the signature, but there must be enough reviews, otherwise there is no difference between closed source and open source code.

A while ago, there was a scammer who put open source code for a wallet, but when you installed the wallet, the code was completely different and he stole the money.
I have never heard of https://github.com/crypto-com/chain-desktop-wallet and I don't want to know if it is safe, but I created a topic about user experiences regarding Unstoppable wallet and this is the link https://bitcointalksearch.org/topic/unstoppable-wallet-user-experiences-5436273
legendary
Activity: 1932
Merit: 1273
November 04, 2023, 11:17:44 PM
#7
anyone looking for alternatives for Trust wallet, Mycelium and Coinomi which al are closed source

Mycelium is open source wallet.

https://github.com/mycelium-com
https://walletscrutiny.com/?platform=allPlatforms&page=0&query-string=Mycelium

I am not sure, but TrustWallet seems to claim to be an open-source, non-custodial wallet that supports multiple cryptocurrencies.
Trust wallet was open source but after Binance acquired it in 2018 they became closed source. You can even find the details on Github which never updated for very long time. So if you are not aware of it then please be cautious and google results says its open source which is kind of misleading information available in their site.

IIRC, they were also use some misleading wording in their website which make regular user thought it is an open source application.

In regarding the reason why they move to closed source is becaesu they claim, their app is cloned for nefarious purpose.
https://trustwallet.medium.com/why-open-sourcing-android-app-could-be-a-harm-to-the-crypto-community-fb3ae1707dc6

and crypto.com is also not really new which is here for years and being an open source you no need to trust them. HW are good for storing big amounts but for an average joe it may not be really necessary and instead of trusting a closed source app with your money its good to prefer an open sourced.

Worth to note that wallets being open source doesn’t automatically imply it safe, trustable, and secure.
sr. member
Activity: 2436
Merit: 272
Hire Bitcointalk Camp. Manager @ r7promotions.com
November 04, 2023, 05:51:52 PM
#6
I am not sure, but TrustWallet seems to claim to be an open-source, non-custodial wallet that supports multiple cryptocurrencies.
Trust wallet was open source but after Binance acquired it in 2018 they became closed source. You can even find the details on Github which never updated for very long time. So if you are not aware of it then please be cautious and google results says its open source which is kind of misleading information available in their site.

I am not aware of these two wallets you mentioned in the post. Currently, I don't feel safe with wallet software when the question is storing large amounts. I think we have to practice using a hardware wallet to store our funds. Otherwise, keep using an existing trusted non-custodial wallet instead of choosing a new one that we are unaware of.
Unstoppable wallet is even recommended by theymos
If you have a large variety of different crypto assets that you need to store, there's Unstoppable wallet
and crypto.com is also not really new which is here for years and being an open source you no need to trust them. HW are good for storing big amounts but for an average joe it may not be really necessary and instead of trusting a closed source app with your money its good to prefer an open sourced.

Hardware wallets don't cost too much lately since a lot of companies have launched hardware wallets.

Another issue with HW wallets in recent days is the privacy of users is in question especially Ledger gave false information about being open source and their ledger live application has the capability of extracting recovery seeds of users which isn't looking good.
legendary
Activity: 2282
Merit: 2196
Signature Space For Rent
November 04, 2023, 05:08:49 PM
#5
I am not sure, but TrustWallet seems to claim to be an open-source, non-custodial wallet that supports multiple cryptocurrencies. I am not aware of these two wallets you mentioned in the post. Currently, I don't feel safe with wallet software when the question is storing large amounts. I think we have to practice using a hardware wallet to store our funds. Otherwise, keep using an existing trusted non-custodial wallet instead of choosing a new one that we are unaware of. Hardware wallets don't cost too much lately since a lot of companies have launched hardware wallets.
hero member
Activity: 2184
Merit: 798
Top Crypto Casino
November 04, 2023, 04:50:13 PM
#4
Metamask is also open source wallet but it doesn't come in the form of an application but in an extension form that supports limited networks compared to other service wallets but its still one of the best for token storage but only due to the limited network and not having dedicated app even after all these year is a negative in my opinion.

Imo, that's not the biggest issue with Metamask. It is the fact that there's almost no privacy when using metamask because I remember sometime this year when they put out a public announcement that they have to openly track user footprint using their RPC from sister company — Infura. That, and also the fact that metamask currently have one of the worse UX despite being the most popular EVM wallet available today. I was a fan but Rabby wallet won me over. With Rabby, Users can also see decoded output of the hex value/hash being signed which is a plus for Security.   Smiley
sr. member
Activity: 2436
Merit: 272
Hire Bitcointalk Camp. Manager @ r7promotions.com
November 04, 2023, 03:31:39 PM
#3
I also make use of the Metamask wallet. I don't know if they are open source, but it's been part of the oldest wallet I have been making use of in the past, and there is no problem. It has both desktop and mobile compatibility, but the desktop version has more features built into it than the mobile version.
Metamask is also open source wallet but it doesn't come in the form of an application but in an extension form that supports limited networks compared to other service wallets but its still one of the best for token storage but only due to the limited network and not having dedicated app even after all these year is a negative in my opinion.
sr. member
Activity: 616
Merit: 368
November 04, 2023, 02:37:14 PM
#2
I also started making use of an unstoppable wallet recently after my thread on the technical board. A lot of members recommended it for use, and even the forum administrator is among those who recommend the use of the wallet. You can check out the coins that are supported by the unstoppable wallet here: . Coins Supported by Unstoppable Wallet
 
I also make use of the Metamask wallet. I don't know if they are open source, but it's been part of the oldest wallet I have been making use of in the past, and there is no problem. It has both desktop and mobile compatibility, but the desktop version has more features built into it than the mobile version.
sr. member
Activity: 2436
Merit: 272
Hire Bitcointalk Camp. Manager @ r7promotions.com
November 04, 2023, 01:56:00 PM
#1
We have lot of choices for bitcoin in the crypto industry but there are very limited choices when it comes to open source, non-custodial, multi-crypto wallet so let's hear your apps and it may be useful for the altcoin holders to choose the right wallets for long term storage.

Android/IOS = Unstoppable wallet
Desktop = crypto-com/chain-desktop-wallet

Both these wallets support multi-crypto and open sourced so anyone looking for alternatives for Trust wallet, Mycelium and Coinomi which al are closed source then let's give it a try to the apps mentioned above.

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