Topic: Unstoppable wallet {User experiences} - page 7. (Read 4360 times)

Optimism (OP) is layer 2.

The fee is not ERC20 ether, but ether on Optimism network.

Search for ETH on Unstoppable wallet, you will see ETH (Optimism). That is the ether that you will use for the transaction. On exchanges and onchain transfer, the ether transaction fee on Optimism network is very cheap. So buy it should not be a problem.

I've never used this feature, and in my mind "OP" isn't something you can sell, but here's a guess: it says "network fee N/A", could that be the reason?

I am having an issue in swapping and transferring OP. When i try to swap the OP to the USDT,  the below error message appears. Even though i have enough ETH in my Unstoppable wallet, yet it says the eth balance is low, while i have more than 1000$ of ETH balance in my wallet.

What can be the issue and how i can resolve this? The same happens if I try to send OP to some external address.

   

Even though both of us admitted that we are deviating from topic, so I will keep it short to say that I don't feel that I have enough information to challenge you regarding how channels are managed in lighting, since I really only have a handful of transactions on a few lighting wallets.... and I have opened channels through my main two LN wallets which currently are Phoenix and Breez.. .. I can reserve comment for possibly another time and another thread, after I practice more on the opening and closing or even costs of adding value once opened, and hopefully some of these LN wallets are going to be getting more and more user-friendly regarding using them, maintaining them and just being available in more places whether peer to peer or more merchant adoption, so that we can have more places to practice using them and to better inform ourselves how on personal levels how they are working.

I am kind of glad that you said that it costs too much to open and close channels rather than it was too technical for them to use them (or too unreliable), so costs might be something that I can at least play around with attempting to analyze the idea for a while, or maybe some of the cost facts (avenues/options) might improve in the future.

At the risk of deviating even further off-topic: I've seen it, but selling testnet coins isn't what I meant. I meant using testnet Bitcoin to buy real items (again: only for my own kids). That way they can experience online shopping, they can experience paying with Bitcoin, and I'll actually give them the items they ordered. Until they discover a testnet faucet and order 1 trillion candies, of course.

I don't know if you are aware but there is one member in forum who owns small ''exchange'' and he started to offer testnet Bitcointhere , some people actually buy and sell that stuff for real, even if those coins don't have any monetary value... well now they have ^{some value}.

My take: nobody should keep "a significant amount" in a hot wallet, including "hidden" hot wallets. If you don't care about losing $2k, then by all means, keep it in a hot wallet for your daily spending. But if you can't risk losing $50 (for instance because you earn $12 per month), then you shouldn't keep it in a hot wallet.

You're right. It sucks not being able to use on-chain Bitcoin for small amounts. Not only for my kids, but also for many people (like mentioned above) who would spend a week's worth of wages on a transaction fee.
Using LN isn't really an option either: I don't want to teach them to use custodial wallets, especially long-term, and non-custodial wallets come with high on-chain fees for opening and closing channels.
If it wouldn't be so much work, I'd setup a testnet webshop, in which they can order candy using their Bitcoin testnet mobile wallet. Like Starblocks, but for kids, and I'll actually give them the items they order.

I am already using Electrum on my desktop and my Android, too. I never planned to hold altcoins for a long time. But, sometimes, we need to make some transactions, and sometimes, I buy altcoins for a short period. But, surely, it's better to hold my coins in my own wallet, even if it's for one day. I was using centralized exchanges to buy altcoins and kept them there. So, I decided to use a dedicated altcoin wallet. Previously, I used Trust Wallet. But, as you may know, it's a closed source, which is why everyone asks not to use it. For now, I am also moving to Unstoppable Wallet and using Electrum.

If you have a lot of altcoins to store, then Unstoppable Wallet can be your best choice. (In case you do not have a hardware wallet).

For bitcoins, I will still prefer the Electrum desktop version over the unstoppable wallets and there are many reasons for this. Electrum supports a lot of bitcoin features like RBF or multi signatures, which you may not find in the unstoppable wallet.

I didn't try it because I don't think the website has much information, but I wanted to check it. No problem, I will check back later once things get fixed.


At least it's still better than closed-source wallets. I will try to meet my needs with this one if I can.

Some amounts may be insignificant for some people while the same amount can be insignificant for others. For example, someone may be storing 1 ETH in the unstoppable wallet and may keep it in the hidden wallet, as 2000$ may be a big amount of money for him, while the other person may store the same amount of ETH without hiddenly, as 2000$ may not be a big amount for him. Even one may have 0.5 ETH with him and he may saved each penny to gather 1000$ to get that ETH.

So there are many people who may have an insignificant amount of money stored in unstoppable wallets but that money is significant for them.

It seems problematic to introduce kids to bitcoin through shitcoins.... or to consider that it would be good to go that route, even though I have some troubles considering any really good solution, yet it does not seem that we are getting very far away from the ideas of savings and/or sound money and/or investing (if that might be part of what you might be trying to teach your kids as well as financial responsibility and being responsible for their value once they get it).  But then, getting them into shitcoins seem to take a potential easy route out that is kind of like just considering the transactional value rather than the storage of value option that bitcoin provides but it does not have to be honored because bitcoin can also be transferred and transacted in, but there might be some costs in doing that.. I know kids frequently are not thinking that far out into the future, and a week or a month might seem to be a long time to many kids.. but then it seems problematic to end up potentially contributing to the kids to consider shitcoins as similar to bitcoin.. and maybe just getting back to the "just say no" values that surely sound better in theory rather than in practice.  

I can think of a couple of possible solutions, and one is to figure out some kind of a lightning wallet solution, even though there seem to be technical aspects with keeping many of them going.  Another possibility would be to hold their funds in some kind of a separate accounting that is held by you (the parent), and then once the funds reach a certainly high enough level to justify the fees (or periods when the fees go down), then to send the funds to a wallet that the kid controls.. if that is what you mean by giving to your kids is that they would also control the wallet.. and maybe you have some oversight and maybe not depending on their age and other aspects of your way of relating with them..

That explains it.
I was actually thinking of getting my kids a crypto wallet Let them choose if they want their allowance in cash, or magic internet money. Their allowance is too low for Bitcoin transaction fees, which unfortunately only leaves altcoins. But there's not really a point if they can't spend it to buy toys online.

If you do not have a hardware wallet that is supporting many of these altcoins, you may be disappointed that Unstoppable wallet is the only wallet that is open source and supporting coins with their tokens (like Ethereum and ERC20 tokens), but not supporting many other altcoins that do not have tokens. I noticed this when I started using the wallet. It works good with those coins and their tokens, even no noticable synchronizing issue. But with other coins with no tokens, likely you will encounter synching issue while some other alcoins with no tokens are not supported.

But I like Unstoppable wallet because it is open source and because it is supporting passphrase. Hardly will you see multicoins wallet that will support passphrase.

I think this confused him:



I mean that 'rated for 3+'

But this is what it means:




If he scroll down further, likely he would have seen the rating:




https://play.google.com/store/apps/details?id=io.horizontalsystems.bankwallet

This happens a lot:
If you set your computer's time zone to Howland Island's time zone, it probably works again for the coming 89 minutes.

I see 4.0 stars. Or 4.4, I don't know why there are 2 different versions. Or 4.7 for Apple.

I have heard about this wallet before but did not try it until yesterday. After installing the app, I was disappointed that it does not have many coins. But after watching the video linked in the OP, I learned it does support multiple chains and many alts too. I tried to access the website https://unstoppable.money/, but I cannot access it.


Usually, I bypass these warnings by clicking on advance, but I can't continue this time. Not sure if it's me only or if it is the same for everyone. The rating on play store is not good at all. A open source wallet with 3 star rating is not good enough.

Don't forget that Ledger has two ways to allow access to the passphrase-protected account/s. One way is by entering the passphrase the way it was set up, which is more secure, but the other way is to connect the passphrase to a secondary PIN. That PIN is, at worst, 4 digits, and at best 8 digits long.

Passphrase will be generating different wallet (keys and addresses) in a way that without the passphrase, the wallet can not be compromised.

On Unstoppable wallet, the password is for different wallet entirely.

Which one has a weaker spot? Not worth comparing both because Ledgers is a hardware wallet and would be considered more secure in general. Although, if Ledger is the only hardware wallet that remains on earth, I will never use a hardware wallet because of obvious reasons.

If a hardware wallet has duress mode and support passphrase just like how it is on Unstoppable wallet, but in a way that they seed phrase and they keys will be difficult to know with secure element, I can have different wallet with different passphrase and different pin (duress mode) for each wallet which j consider secure.

No, even if you have altcoin address funded, you have to add it manually.

The passphrase gives unlimited possibilities, the PIN only 1 million. And if you have 10 wallets, 1 in 100,000 PINs will be valid. I don't think it matters much in practice, just have your 24" wrench ready.

I also upgraded my wallet to the latest 0.36 version. Good to see that this time they have focused more on security upgrades which include Auto Lock, Random Numpad and Duress mode.





This is exactly what is the purpose of this and also it is explained in the update. If you are ever forced into an unfortunate situation where someone forces you to open up the wallet (at a gunpoint or something), you can open it with the wallet password which has a few amount of coins and this way your main wallet will remain safe.