Topic: Stay away from online mobile wallets with no backup phrase - page 2. (Read 710 times)
This is very good advice especially for newbies who do not know better, when I started this cryptocurrency journey, I was just opening random wallets and didn't even know to back them up, for example my blockchain wallet was opened with my email and password back in the days and I didn't even back it up until like 3yrs after opening the wallet, even if you open a wallet with backup phrase, Endavour to always store your keys very carefully and preferably the old fashioned way of writing it down in multiple places offline and store them in secure locations that you can easily remember.
I would stay away from any software that do not provide a backup security, especially software that is related to crypto currencies. You should always have a private key, a buckup phrase and a password to stay completely safe.
Not all mobile wallets have backup ,just because they are available for your smartphone doesnt mean they are reliable
Do not use mobile wallets with just username and passwords ,they are called online wallets ,they have no backup phrase or private keys.
For example I lost my bitcoin to xapo wallet since 2018 and they denied me of my coins after sending them mails.
That is quite unfortunate. Although, i have been in the crypto space for quite some time now and i never knew and cared about this. Do not use mobile wallets with just username and passwords ,they are called online wallets ,they have no backup phrase or private keys.
For example I lost my bitcoin to xapo wallet since 2018 and they denied me of my coins after sending them mails.
Most if the times, we clamour to have mobile wallets, but which sometimes can be used against one.
Some even promise to airdrop and tell you to download their wallets. Out of every 100 persons that download it, 5 of them might be noob and go ahead to store their coins on them.
I just don't use mobile wallets at all, they're a huge security risk IMO.
Mobile platforms are riddled with malware and the security of most mobile wallets leaves a lot to be desired.
Mobile platforms are riddled with malware and the security of most mobile wallets leaves a lot to be desired.
Not all mobile wallets have backup ,just because they are available for your smartphone doesnt mean they are reliable
Do not use mobile wallets with just username and passwords ,they are called online wallets ,they have no backup phrase or private keys.
For example I lost my bitcoin to xapo wallet since 2018 and they denied me of my coins after sending them mails.
Mobile wallet are easy developing by everyone to scaming use popularity bitcoin, I saw on playstore has alot of mobile wallet 'shit wallet' and use Bitcoin as key search on playstore. You have to go https://bitcoin.org/en/choose-your-wallet and choose one there for mobile wallet Do not use mobile wallets with just username and passwords ,they are called online wallets ,they have no backup phrase or private keys.
For example I lost my bitcoin to xapo wallet since 2018 and they denied me of my coins after sending them mails.
It turned out that my guess was right, I had always avoided various mobile wallets. But if there's no backup phrase, at least choose the one that give control to private key for each address that we have, like what blockchain wallet doing. I'm still new using it, and I just use it to get XLM airdrop before and then I remove it.
Disgusting you name it Xapo wallet Im already downloaded it. until now still here in my phone. But thanks i never use it anyway. Backup phrase is very important including the exporting function. if xapo doesnt have these features will its outdated already. But i think there is some loyal users still using it. because Xapo was already exist before i join in the crypto-space. just look around there is too many wallets already exist with cool tech features.
Staying away fom any kinds of wallet, provide by any sort of wallet providers, no matter what which types of coins (bitcoin, or whatever) if you can not have full control of your private keys or seeds. Because, without such keys/ seeds, you might lose all money when those sites/ providers make scam exits. It's not too hard to choose which wallets to use, and learn how to backup/ recover wallets from keys/ seeds.
It is important that cryptonaires should be aware of things like this so they dont end up in loses. You can imagine that someone was denied his coins all the way from 2018 and up till now, he still cannot have it.
The role of users having private keys cannot be over emphasized when it comes to their online wallets
Yes their are some wallets on mobile that has no backup and when something get wrong with the company its goodbye to all your coins in the wallet ,xapo wallet is a good example indeed
Not all mobile wallets have backup ,just because they are available for your smartphone doesnt mean they are reliable
Do not use mobile wallets with just username and passwords ,they are called online wallets ,they have no backup phrase or private keys.
For example I lost my bitcoin to xapo wallet since 2018 and they denied me of my coins after sending them mails.
Do not use mobile wallets with just username and passwords ,they are called online wallets ,they have no backup phrase or private keys.
For example I lost my bitcoin to xapo wallet since 2018 and they denied me of my coins after sending them mails.
I agree, this is an eye opener specially for a lot of newbies who are going to join. Check first if the wallet that you are going to used as mobile apps has some back up phrase or private keys.
Never tried XAPO though, or even blockchain wallet. I only used Electrum and keep by seed and private key safe in case I needed to recover it.
Not all mobile wallets have backup ,just because they are available for your smartphone doesnt mean they are reliable
Do not use mobile wallets with just username and passwords ,they are called online wallets ,they have no backup phrase or private keys.
Everything has advantages and disadvantages, each of which I think, those who do not have a private key / pharse backup you can contact support to restore your accountDo not use mobile wallets with just username and passwords ,they are called online wallets ,they have no backup phrase or private keys.
And what you hold a private key / backup pharse usually doesn't have support services, so if you lose your private key your money just goes away
Quote
For example I lost my bitcoin to xapo wallet since 2018 and they denied me of my coins after sending them mails.
I used XAPO when I was released and never encountered any problems, make sure you provide the correct data so that they can easily help you
Don't lose your stuff if u don't have backup... 
.
.Not all mobile wallets have backup ,just because they are available for your smartphone doesnt mean they are reliable
Do not use mobile wallets with just username and passwords ,they are called online wallets ,they have no backup phrase or private keys.
For example I lost my bitcoin to xapo wallet since 2018 and they denied me of my coins after sending them mails.
I don't expect anyone to still try to use a mobile wallet with no backup key or phrase at this era. That's an old-fashioned way of making a mistake in blockchain. It's at a very high risk using those kinda wallet to store your funds Do not use mobile wallets with just username and passwords ,they are called online wallets ,they have no backup phrase or private keys.
For example I lost my bitcoin to xapo wallet since 2018 and they denied me of my coins after sending them mails.
Not all mobile wallets have backup ,just because they are available for your smartphone doesnt mean they are reliable
Do not use mobile wallets with just username and passwords ,they are called online wallets ,they have no backup phrase or private keys.
For example I lost my bitcoin to xapo wallet since 2018 and they denied me of my coins after sending them mails.
I used to use those "online wallet" when I was a beginner. Now I only use hardware wallet, It provides absolute security! Online wallet are best for storing small funds to use it for spending. Do not use mobile wallets with just username and passwords ,they are called online wallets ,they have no backup phrase or private keys.
For example I lost my bitcoin to xapo wallet since 2018 and they denied me of my coins after sending them mails.
Xapo is a scam wallet ,I used to hunt for faucet in early 2016 and I've gathered lots of bitcoin but one day i was unable to sign in my wallet and withdraw ,I tried to contact the team and they never reply me
Hardwallets is very recommended to use here in crypto with future like don't use others wallet still some of this are trusted already example Electrum,Blockchain and Coinomi then your correct about with username and password only like don't use this kind of wallet then activate 2fa always for much more security and don't create wallet account similar to it's yahoomail
Stand alone wallets installed on pc is highly recommended, they're equipped with back up phrase options. Like those mentioned wallets, there's no problem with it and back up phrase is one of the strongest way to make your funds more secure. Once you had save it for confidentiality, you won't be failed and will successfully access your funds smoothly.
Sorry to hear your bad experience about using the online mobile wallets, do you have any proof to make them sure about your asset on the mobile wallets?
Personally, I also always choose the online wallet (not mobile) that has the backup of the password, Google authentication, Gmail authentification, or private keys. It may not be highly safer, however, at least, we have several ways to back up the data and portfolio. Moreover, it will be better enough if we use the offline wallet, hardware wallet will be highly recommended.
Personally, I also always choose the online wallet (not mobile) that has the backup of the password, Google authentication, Gmail authentification, or private keys. It may not be highly safer, however, at least, we have several ways to back up the data and portfolio. Moreover, it will be better enough if we use the offline wallet, hardware wallet will be highly recommended.
I guess we should find excellent mobile wallets that fits according to our preferences and needs and degree of comfortability. In my case, mobile wallet like coins.ph which I've been using from the start don't have backup phrase but they require various levels of KYC to assert account validity and authenticity. Also, their services were excellent and has a very good support system that I have not had any problems with them ever since.
Not all mobile wallets have backup ,just because they are available for your smartphone doesnt mean they are reliable
Do not use mobile wallets with just username and passwords ,they are called online wallets ,they have no backup phrase or private keys.
For example I lost my bitcoin to xapo wallet since 2018 and they denied me of my coins after sending them mails.
Do not use mobile wallets with just username and passwords ,they are called online wallets ,they have no backup phrase or private keys.
For example I lost my bitcoin to xapo wallet since 2018 and they denied me of my coins after sending them mails.
Most probably your correct choose mobile wallet with have back keys to avoid losing of coins investment, I also using local mobile wallet herein my place where I resides two local wallet have choices both are have strong back keys but i choose the one very popular use by the people.
Jump to: