i also disappointed with some airdrop program from centralized wallet.
but yeah, it depends on the people if they use centralized exchange for trading no reason for scare put their money on big exchange like binance and coinbase.
Topic: Stay away from centralized wallets - page 15. (Read 3970 times)
I don't use wallets from such platforms though. I am using ImToken, Trust Wallet, MyEtherwallet and Coinomi. With these wallets, i am in charge completely of my funds and it's very difficult for hackers to have access to it because it's decentralized.
These are more convincing wallets. Ive uswd imtoken and trust wallet too and these wallet we can get the private key for our holdings. I like it but they say, its still unsafe to use but for me its okay since I didnt get any trouble or breached while using these wallets.
Indeed, a good wallet is the wallet that can give the private key or seed to the owners.
Not owning private key or seed means not owning the wallet as well.
How about the exchange wallet ? I suggest we better not using exchange wallet to store our coins, use for trading only.
Not owning private key or seed means not owning the wallet as well.
How about the exchange wallet ? I suggest we better not using exchange wallet to store our coins, use for trading only.
I don't use wallets from such platforms though. I am using ImToken, Trust Wallet, MyEtherwallet and Coinomi. With these wallets, i am in charge completely of my funds and it's very difficult for hackers to have access to it because it's decentralized.
Not your keys, not your coins.
The principle is clear, so be more selective in choosing a wallet or exchange that you will use to move with the crypto world. Everyone has their own tendencies, there are those who like centralized wallet and those who like a decentralized wallet. What's important is where you choose your service provider. Some of the members above also like Coinbase wallet, contrary to you, we do not force it. Your experience can be a lesson for everyone to not experience the same loss.
The principle is clear, so be more selective in choosing a wallet or exchange that you will use to move with the crypto world. Everyone has their own tendencies, there are those who like centralized wallet and those who like a decentralized wallet. What's important is where you choose your service provider. Some of the members above also like Coinbase wallet, contrary to you, we do not force it. Your experience can be a lesson for everyone to not experience the same loss.
Cannot be said often enough, and we have all to do as much as we can to remind our friends and families of this. Of course, in the end, many will decide they still want to trust a site to take care of their money and that is their requisite also,,, but we must keep them aware of what they are doing and inform them of the risks and share the stories of those who trusted and lost.
People never learn. There's still a number of users that are storing their bitcoins and altcoins to the known decentralized exchanges such as:
That's their problem, a word is enough for the wise, all we can keep doing is making same posts about online wallet and decentralized wallet for the sake of new comers, only those who don't like learning will miss this warnings - Binance
- Bittrex
- Bitfinex
That's their choice and money but we have warned them how important it is to keep their assets to the wallets they have the private keys.
Do you even know the difference between Centralized wallets and Dec wallets? Days back I lost my coinbase account and the team aren't helping, I'm glad I only have little Bitcoin on the account, would have been a different story if I use coinomi or atomic wallet because they give users 💯 control over their funds, private keys and recovery seed are important, always remember that
Example of Centralized wallets
1. Coinbase
2. Nexo
3. Luno
Any wallets that ask you create an account with mail and password is centralized, they monitor your private keys for you, be smart
Example of Centralized wallets
1. Coinbase
2. Nexo
3. Luno
Any wallets that ask you create an account with mail and password is centralized, they monitor your private keys for you, be smart
In my opinion, the issue is not coinbase or something else, but don't keep coins in the exchanger wallet unless we are daily traders. If we store coins for the long term, save coins in a wallet that has a private key or seed words that we control, then we will be more comfortable
This is the plain truth, either coinbase, or nexo, or blockchain, or luno or any application / website that lets you store bitcoin with just username and password is not safe for your funds.
This is why the introduction and basic knowledge about crypto currency is how to store our assets.
Likewise in addition, we should learn to move our large funds away from exchanges too, either dex or cex. Once you trade and get your profit, move to your paper wallet or cold storage
This is why the introduction and basic knowledge about crypto currency is how to store our assets.
Likewise in addition, we should learn to move our large funds away from exchanges too, either dex or cex. Once you trade and get your profit, move to your paper wallet or cold storage
People never learn. There's still a number of users that are storing their bitcoins and altcoins to the known decentralized exchanges such as:
That's their problem, a word is enough for the wise, all we can keep doing is making same posts about online wallet and decentralized wallet for the sake of new comers, only those who don't like learning will miss this warnings - Binance
- Bittrex
- Bitfinex
People never learn. There's still a number of users that are storing their bitcoins and altcoins to the known decentralized exchanges such as:
- Binance
- Bittrex
- Bitfinex
I know this topics have been create many times before but since we keep having newbies on here from time to time it's better to keep spreading the news about wallets, when newbies lose their coins they like blaming the technology so let it always be ' Your wallet Your private keys' stay away if it isn't so
you advice everyone to use decentralized wallets but you only point out some centralized wallets. it's much help if you recommend some good and trust decentralized wallets for us.
Everyone obviously uses several wallets according to their needs, if you want good and safe wallet suggestions, then you can see them herehttps://www.buybitcoinworldwide.com/wallets/ or here
https://www.thebalance.com/best-bitcoin-wallets-4160642 ,hopefully the two sites can provide good instructions for you and don't be lazy in reading everything.
Do you even know the difference between Centralized wallets and Dec wallets? Days back I lost my coinbase account and the team aren't helping, I'm glad I only have little Bitcoin on the account, would have been a different story if I use coinomi or atomic wallet because they give users 💯 control over their funds, private keys and recovery seed are important, always remember that
Example of Centralized wallets
1. Coinbase
2. Nexo
3. Luno
Any wallets that ask you create an account with mail and password is centralized, they monitor your private keys for you, be smart
Example of Centralized wallets
1. Coinbase
2. Nexo
3. Luno
Any wallets that ask you create an account with mail and password is centralized, they monitor your private keys for you, be smart
This is quite true. The whole idea of the crypto space is decentralization, that is users assuming total control of their private keys, and private information but centralization in the crypto space tends to change everything. Private keys denotes that a user is in charge of his account and absence of that means the platform in question is in charge. Therefore when it comes to being totally secure, decentralized wallets should be used through this way removing prying eyes while being sure our assets are safe.
you advice everyone to use decentralized wallets but you only point out some centralized wallets. it's much help if you recommend some good and trust decentralized wallets for us.
Everyone obviously uses several wallets according to their needs, if you want good and safe wallet suggestions, then you can see them herehttps://www.buybitcoinworldwide.com/wallets/ or here
https://www.thebalance.com/best-bitcoin-wallets-4160642 ,hopefully the two sites can provide good instructions for you and don't be lazy in reading everything.
you advice everyone to use decentralized wallets but you only point out some centralized wallets. it's much help if you recommend some good and trust decentralized wallets for us.
I think that everyone is well aware that crypto is dominated by decentralization and it is very important that only you should have access to the private key.
Yes, that's right, because if the private key is known by others, the same as the security of our wallet is gone, so the private key is for us, not for the public or others, because from the name alone it's very clearly written.
This is my first time know about this or maybe I'm just little care ? Thank for inform us. Btw I never save my balance at those wallets, little risky. As i know Coinbase and Luno look good but after know this maybe i will more be careful.
These wallets enables some transactions which Dex wallets cannot offer. There's a direct transaction of fiat to cryptocurrency and cryptocurrency to fiat on these wallets which gives users direct access to fiat and cryptocurrency. Keeping your login details should be your top priority not to lose them.
Personally, I always make use of the two categories of wallets available. All wallets whether centralized or decentralized wallets comes with their issues, I believe there are still safety measures that users can easily make use of in either ways to protect their funds.
I think that everyone is well aware that crypto is dominated by decentralization and it is very important that only you should have access to the private key.
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