Wallet advice | Bitcointalksearch.org

DdmrDdmr

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There are lies, damned lies and statistics. MTwain

Quote from: FirmWars on April 04, 2022, 08:43:17 AM

So the rumours are real? I heard buying a hardware wallet from eBay is risk <...>

The main, widely known scam technique, used by people selling hardware wallets on sites such as ebay, are related to the products being sold with the 12 or 24 word mnemonic pre-printed and pre-set on the device, and obviously known to the seller, who therefore can steal your coins at any time if you go along with the said settings.

See for example the alleged recent case denounced here:
https://www.reddit.com/r/ledgerwallet/comments/thlz95/check_this_nano_s_on_ebay_and_tell_us_whats_wrong/

This other 2018 video claims that there was a fake set of instructions enclosed, telling the user to send an SMS to a given number in order to obtain his 24 word mnemonic:
https://www.youtube.com/watch?v=rFrNC8p7akc
https://bitcointalksearch.org/topic/ledger-nano-s-scam-device-from-ebay-3406938

Or this case:
https://www.reddit.com/r/Ripple/comments/7ol7zb/i_am_the_guy_that_lost_25000_due_to_ledger_scam/

mk4

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Quote from: FirmWars on April 04, 2022, 08:43:17 AM

So the rumours are real? I heard buying a hardware wallet from eBay is risky even if it's brand new, scammers might have laid some malware intact in the new wallet waiting for you to make first deposits, I think crypto needs a new solution for more tighten secured way to use wallets to store assets.

Even if we still don't have a single instance concerning sales of fake/altered hardware wallets, seriously, it's not worth it. Imagine buying from eBay just for convenience or just to save a couple of dollars. Let's not forget that even if you only invested a minuscule amount, it could be worth a fortune after a good number of years. And you're going to risk all that just to save a few dollars?

Lucius

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Quote from: techdata on April 05, 2022, 03:38:09 AM

After learning how to download, install and use Coinomi at last I discovered that coinomi does not supports TRC20 coins.
I am looking for something where I can also store my USDT TRC20 coins along with some other major ones, hence have to stick with Trust Wallet.

It's something I didn't know because I don't have any similar tokens in my possession, but I've done a little research on the subject and here's what Coinomi has to say about it:

Quote from: https://coinomi.freshdesk.com/support/solutions/articles/29000020077-all-about-tether-usdt-

The Tron version of USDT is currently not supported by Coinomi. USDT on Tron, along with other TRC20 tokens will be supported on a future update. If you receive USDT on Tron, don't worry, your tokens are perfectly safe and will display normally once TRC20 support is added.

I'm not an expert on all these things about tokens and their chain/layer, but I know you have to be careful with transactions because there are a lot of token cases that end up at the wrong addresses due to all the confusion about where it actually belongs.

SFR10

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Quote from: techdata on April 05, 2022, 01:28:13 AM

Trust wallet was my first choice but later I discovered that it lacks the desktop option and I'm not a huge fan of smartphones.

Quote from: techdata on April 05, 2022, 03:38:09 AM

I am looking for something where I can also store my USDT TRC20 coins along with some other major ones, hence have to stick with Trust Wallet.

There's another multi-cryptocurrency wallet ^[Exodus] that supports it: Which TRON tokens does Exodus support?
^{- It has a desktop app and you can "also" use it with a hardware wallet, but it's closed source.}

Note: I prefer to not vouch ^[DYOR]!

thefirstnamelessdude

newbie

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Quote from: techdata on April 05, 2022, 03:38:09 AM

...

I use Atomic Wallet for storing small amounts of alt coins. I've used the built-in exchange a few times and everything works as expected. It supports many coins (even staking) and is frequently updated. You can export the seed and private keys. Maybe give this a try?

Greets.

techdata

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Unfortunately things didn't go as planned.
After learning how to download, install and use Coinomi at last I discovered that coinomi does not supports TRC20 coins.
I am looking for something where I can also store my USDT TRC20 coins along with some other major ones, hence have to stick with Trust Wallet.

sunsilk

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Quote from: techdata on April 05, 2022, 01:28:13 AM

Hey guys, thanks once again for answering and clarifying my queries.
I did take a good step by joining this community and really amazed that so many peoples came forward to put their opinions and helped me out.

Based on some more research, I've finally decided to go with "Coinomi". Trust wallet was my first choice but later I discovered that it lacks the desktop option and I'm not a huge fan of smartphones. If there is something which I don't know about Coinomi or I am doing a blunder by choosing it (apart from that security/ seeds and phase are my top-most priority which I should always pay attention to), do let me know as now I want to stick to this community and learn more. Maybe someday even I could also stand in a position where I can help someone with the knowledge I am going to gain from here.

In future if I find myself holding a huge amount, I will try to afford a hardware wallet to make things more secure.

Well, good luck using that multi-currency wallet. I've seen a lot of people are using coinomi but still make sure that you're using them diligently and just to give you an idea about coinomi's desktop wallet.

News from 2019 about Coinomi's desktop wallet: Security Consultant Reveals Coinomi Wallet Vulnerability, $60,000+ in Crypto Allegedly Hacked

Well, it's in the past but just for the sake of additional information for you about this wallet. If you don't have a budget yet, you can use those dedicated wallets for each of them. Although it's a hassle I think that's much better but anyway you'll learn more as you search and use that wallet.

windlereveT

newbie

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If you want to save cryptocurrency for a long time then think about storing it in a hardware wallet or using a trusted wallet. Cheesy

techdata

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Hey guys, thanks once again for answering and clarifying my queries.
I did take a good step by joining this community and really amazed that so many peoples came forward to put their opinions and helped me out.

Based on some more research, I've finally decided to go with "Coinomi". Trust wallet was my first choice but later I discovered that it lacks the desktop option and I'm not a huge fan of smartphones. If there is something which I don't know about Coinomi or I am doing a blunder by choosing it (apart from that security/ seeds and phase are my top-most priority which I should always pay attention to), do let me know as now I want to stick to this community and learn more. Maybe someday even I could also stand in a position where I can help someone with the knowledge I am going to gain from here.

In future if I find myself holding a huge amount, I will try to afford a hardware wallet to make things more secure.

Chikito

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Quote from: PhoenixZephyrus on April 04, 2022, 10:36:11 AM

And you can keep the rest of the altcoins in another wallet. Keeping all your eggs in one basket isnt a very good idea.

If that means keeping all the rest in another mnemonic seed also, I think is not a good idea. 1 mnemonic seed is for one basket and is enough effective to keep in your life forever, I mean that's a good idea. save a lot of mnemonics seeds is needed many sources to back up (like waterproof and fireproof paper or stainless steel), of course, it will need more money.

Pmalek

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Quote from: TreyARC on April 04, 2022, 04:16:23 AM

Don't buy your hardware wallet from third-party stores, buy direct from official sources.

Hardware manufacturers have official resellers and distributor channels. You can buy from them. You are slightly increasing the possibility of someone tempering with your device because more people in the chain will have contact with it. However, big companies haven't proven themselves to be trusted with your data either. Buying a device with cash from a trusted official reseller and not leaving any personal data seems like the best choice right now.

Quote from: techdata on April 04, 2022, 06:52:20 AM

mainly starting with the fact can it hold the coins I've mentioned above and how safe is it?

It's safe to assume that Trust Wallet supports most of the popular altcoins. You can take a look at a part of the list here: https://trustwallet.com/assets
Not sure what to think of their statement that they support over 1 million assets though. Grin

PhoenixZephyrus

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Quote from: FirmWars on April 04, 2022, 08:43:17 AM

So the rumours are real? I heard buying a hardware wallet from eBay is risky even if it's brand new, scammers might have laid some malware intact in the new wallet waiting for you to make first deposits, I think crypto needs a new solution for more tighten secured way to use wallets to store assets.

Yeah well buying a wallet from eBay is never a good idea. Even if it seems "brand new" it could easily have been tampered with, something like a RAT (Remote Access Trojan) or the like setup to transmit your data in some way or the other. If you buy a hardware wallet, buy it from the source.

Another not-as-good, but pretty reasonable and good option (although only valid for BTC), if you think the convenience is worth the small sacrifice in privacy, maybe use an open source wallet like Electrum. Very trusted, regularly updated, and has a large community following, so any vulnerabilities would be reported and patched pretty fast. Closed source wallets have no way of verifying what is happening under the hood as the code isn't disclosed, so avoid them.

And you can keep the rest of the altcoins in another wallet. Keeping all your eggs in one basket isnt a very good idea.

hosseinimr93

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Quote from: mk4 on April 04, 2022, 04:45:47 AM

Surely sucks big time, but quick reminder that such a leak would be possible on Trezor or any crypto platform(that has your info) in general.

Yesterday, it was confirmed that Trezor users email addresses has been breached. For more information, read the topic created by Pmalek.
Trezor mailing list breached

Quote from: techdata on April 04, 2022, 06:52:20 AM

I saw some have pointed out "Trust wallet" as well as I also have heard about it from some other source.

Trustwallet is close-source. I recommend you to use separate wallets for each of your coins. For example, for bitcoin you can use electrum.

FirmWars

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Quote from: mk4 on April 04, 2022, 03:24:03 AM

Buy a reputable hardware wallet, preferably from the original source(not on Amazon, eBay, etc).

Ledger: https://ledger.com/
Trezor: https://trezor.io/

So the rumours are real? I heard buying a hardware wallet from eBay is risky even if it's brand new, scammers might have laid some malware intact in the new wallet waiting for you to make first deposits, I think crypto needs a new solution for more tighten secured way to use wallets to store assets.

Lucius

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Quote from: techdata on April 04, 2022, 06:52:20 AM

Unfortunately after checking out the price of a hardware wallet, I don't think I can afford it. Even if I can somehow manage to purchase it, it's not worth as I don't own/or going to hold a huge amount of coins.

In that case, you have no choice but to try something from free crypto wallets, and I would recommend you to start with Coinomi - I also have it for some altcoins I've collected over the years and I didn't want to keep them in a hardware wallet.

Pay special attention to two things:

- download wallet only from the official site, which means that you should be careful not to click on some fake site that appears at the top of search results (use uBlock Origin) to block such ads.

- be careful with backup (seed words), because it is the only way for wallet recovery if something goes wrong in the future.

In addition, since it is a hot crypto wallet, keep an eye on your online activities and try to avoid suspicious sites and cracked software.

Chikito

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Quote from: TreyARC on April 04, 2022, 04:16:23 AM

1. Don't buy your hardware wallet from third-party stores, buy direct from official sources.

but one of them has resellers in each country, like Trezor: https://trezor.io/resellers/ maybe one of the resellers is very close to your country, which can reduce the shipping fee instead of buying from the direct company.

Quote from: techdata on April 04, 2022, 06:52:20 AM

I saw some have pointed out "Trust wallet" as well as I also have heard about it from some other source.
I would like to more a bit into details regarding that, mainly starting with the fact can it hold the coins I've mentioned above and how safe is it?

whatever type of wallet as long as you are not negligent and always pay attention to safety, will stay safe, vice versa from hardware wallet and kinda.

techdata

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Thank you for everyone's kind advice.
Unfortunately after checking out the price of a hardware wallet, I don't think I can afford it. Even if I can somehow manage to purchase it, it's not worth as I don't own/or going to hold a huge amount of coins.

I saw some have pointed out "Trust wallet" as well as I also have heard about it from some other source.
I would like to more a bit into details regarding that, mainly starting with the fact can it hold the coins I've mentioned above and how safe is it?

dkbit98

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Most multi-cryptocurrency wallets are closed source with few exceptions, so in your case you could use something like AtomicDEX.io that is both wallet and atomic swap exchange.
I think this should supports all the coins you want and it works both on desktop and smartphones, plus you don't have to pay anything for it if you don't own a lot of coins.
If you want to use open source wallet only for mobile devices, than you should check out unstoppable.money, and enable Tor ro improve your privacy.
Hardware wallets can be a good option, but only if you are ready to pay something for them and be at risk of exposing your information due to various leaks.

mk4

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Quote from: Rikafip on April 04, 2022, 04:16:20 AM

Given my experience (Ledger leaked data) last time I ordered hardware wallet directly from the source, I think that I will avoid doing that again. But as you said, eBay and similar platforms are much worse.

Surely sucks big time, but quick reminder that such a leak would be possible on Trezor or any crypto platform(that has your info) in general. I think probably the right move is to use P.O. boxes and/or forwarding services.

TreyARC

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I have some advice for you if your choice is a hardware wallet

1. Don't buy your hardware wallet from third-party stores, buy direct from official sources.
2. You need to keep your hardware keys safe just like any other crypto wallet, don't say because its a hardware wallet you can leave it anywhere.

Good luck

Rikafip

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Quote from: mk4 on April 04, 2022, 03:24:03 AM

Buy a reputable hardware wallet, preferably from the original source(not on Amazon, eBay, etc).

Given my experience (Ledger leaked data) last time I ordered hardware wallet directly from the source, I think that I will avoid doing that again. But as you said, eBay and similar platforms are much worse.

@OP 2nd best choice (if you don't wanna spend money on hardware wallet) would be to use few separate open source wallets to keep your crypto. I know it's not the most convenient way and is the reason why multicurrency wallets are so popular, which then makes them target to all kinds of attacks. Now you just have to decide what's higher on your list of priorities, safety or conveniency.

pakhitheboss

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There are couple of multi cryptocurrency wallet that I have used. The first one is trust wallet as it is mobile based wallet I only use it to access BSC DEX and for transaction purpose. Guarda and Atomic wallet do have desktop version so of you want to hodl your crypto assets for a few months then you can use either of them. For long term hodling hardware wallets are the best.

Pmalek

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I can only agree with mk4. If you have multiple coins or plan to purchase some, storing the private keys on a hardware wallet is the way to go.
Alternatively, you can use multi-currency wallets such as Trust Wallet or Coinomi. You should know that multi-currency wallets are all closed-source and most of them have had their share of bugs, vulnerabilities, attacks, etc. I wouldn't call such wallets a great or even a good choice.

Their advantage is that they allow you to store many coins at the same time, and they are non-custodial. The disadvantage is that you really don't know if they are because no one can verify it. It still beats keeping coins on centralized exchanges that have also seen bad days and various types of hacks. Not to mention KYC demands or freezing user funds for various reasons.

mk4

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Buy a reputable hardware wallet, preferably from the original source(not on Amazon, eBay, etc).

Ledger: https://ledger.com/
Trezor: https://trezor.io/

techdata

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Hello everyone, I am new to this forum but did some bounties before in Telegram and facebook.
Since the past few years I've saved and received token in MEW wallet (like a portion of ETH i purchased and other tokens)

Now I want to save some BTC,ETH,LTC, USDT TRC20.
But I am not sure which wallet to choose from, I don't want to put them in an exchange. Looking for something like MEW which is safe and can be accessed anytime and I can move and transfer my coins.

Kindly let me know which should be the best for me.

Topic: Wallet advice (Read 302 times)