Stay away from centralized wallets - page 18.

Akiko

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Quote from: Doranile432 on March 15, 2020, 03:29:04 AM

You should add Xapo to the list, I lost some Bitcoin to Xapo wallet simply because my password isn't recognized anymore but I'm pretty sure it's the right password, I guess it's not working on purpose

Any other exchange wallet is the same as centralised even the top 1 exchange.
There are too many of them but the best thing you do is always use the wallet that you have full control only use centralised wallet if you think you really needed it. I am not against centralised wallet i most use it, but if hou have large funds to store then create your own wallet this much more secured than using centralised or 3rd party wallet.

akhjob

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There is nothing much to discuss here. It's almost known to all that "Not your keys, not your coins". So it's always advisable to use a noncustodial wallet for holding your funds even if they are relatively small. And even while choosing noncustodial wallets, it's always better to choose open source wallets.

pakhitheboss

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Those who have been in this forum for more than a year now should know by now to avoid exchange wallets and those that don't give access to the Private key. Still you will find one individual creating a topic and explaining the same as he or she did not listen to anyone here in the forum.

Store your crypto in your wallet for which you have access to the private key.

Doranile432

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You should add Xapo to the list, I lost some Bitcoin to Xapo wallet simply because my password isn't recognized anymore but I'm pretty sure it's the right password, I guess it's not working on purpose

mersal

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There are different kind of bitcoin wallets are available for us. [General] Bitcoin Wallets - Which, what, why? this can be useful for anyone to pick their kind of wallet.

Recently I am also facing issues with my coinbase vault withdrawal and I never got any response from the coinbase support for my multiple support tickets.I just left trying because the amount is not that much higher to fight for.

Stanlo

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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
4. Xapo
5. Freewallet

Any wallets that ask you create an account with mail and password is centralized, they monitor your private keys for you, be smart

Topic: Stay away from centralized wallets - page 18. (Read 3937 times)