What could make you start using a new crypto wallet today? - page 2.

hosseinimr93

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Quote from: Crypt0Gore on January 26, 2023, 12:59:14 AM

please users on here, confirm if Coinomi wallet is open source or not because I am so sure it's closed source.

You are right. Coinomi is close-source.

Quote from: Crypt0Gore on January 26, 2023, 12:59:14 AM

users have lost their coins because of a back door in the wallet software years back, they first denied it and later blame those that failed to upgrade their wallet to latest version.

You are probably talking about the vulnerability sending users seed phrase to google servers.
WARNING - Coinomi Wallet CRITICAL Vulnerability Made Me Lose My Life Savings

Crypt0Gore

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Quote from: libert19 on January 25, 2023, 11:40:36 PM

I Have been using Coinomi since it's launch (it was 2k15 afaik), what prompted me to use it then was number of coins supported. It was open source too , but could care less back then.

Bro what? Coinomi wallet is not open source, and this is the first wallet I used that got compromised, there are some bad reviews from users around the globe about this coinomi wallet, if you are still using this wallet you need to swap to other, please users on here, confirm if Coinomi wallet is open source or not because I am so sure it's closed source.

The Coinomi PC wallet is even the worst one, users have lost their coins because of a back door in the wallet software years back, they first denied it and later blame those that failed to upgrade their wallet to latest version.

libert19

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I Have been using Coinomi since it's launch (it was 2k15 afaik), what prompted me to use it then was number of coins supported. It was open source too , but could care less back then.

Apocollapse

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Quote from: armanda90 on January 25, 2023, 11:26:08 PM

How possibility with Trustwallet is not trusted wallet? many people used this open source wallet and still safety depend own our controlling which site dapp connecting and how many time approving with shit or potential dusting attack coins. I have used many time with open source wallet between mobile app until website wallet trough chrome extension and keep running well right now.

You're wrong!

Trust wallet IOS version was fully open source, but right now they're not anymore. While in android version, Trust wallet was never being fully open source! so Trustwallet is actually a closed source wallet. You can prove me if I'm wrong to say Trust wallet is closed source if you're really sure Trust wallet is fully open source and there's no any suspicious code Roll Eyes

If you only believe with the developer and the site were claim Trust wallet is open source without verify it yourself, you must start to learn from the basic thing.

armanda90

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Quote from: Agbe on January 24, 2023, 03:27:12 PM

It is not too good to switch wallet because you might mistaken on the seed phrase. Switching to a newly launched crypto wallet is not good even though it is an open source. Because you don't know or in what format the open source software was created. Scammers are also advancing everyday. Even TRUST WALLET is not trusted, the only wallet that love most for now but s Electrum. I would have used Wasabi or Bisq and I have tried my best to install them in my PC but all is vain. If you want to use newly launched wallet, don't rush and wait for the proper review of the wallet before using it.

How possibility with Trustwallet is not trusted wallet? many people used this open source wallet and still safety depend own our controlling which site dapp connecting and how many time approving with shit or potential dusting attack coins. I have used many time with open source wallet between mobile app until website wallet trough chrome extension and keep running well right now.

I heard with OP wallet used and recommended are Guarda wallet, Atomic wallet or Exodus but I still not use this wallet for saving my altcoin assets actually with Guarda wallet seems wallet controlling in my country based on name. I am not really recommended with wallet or altcoin project building from my country.

pooya87

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When someone already uses a wallet type, they won't easily switch to another one. So the new wallet has to offer something much better to incentivize the switch. For example some who is using Electrum and has some difficulties with the wallet file (ie. when the file gets big the software slows down) would love to use another wallet that doesn't have the same problem.

Of course the replacement has to still have the main principles needed for a good wallet. Two main ones in my opinion are being 100% open source so that you can verify the code and being semi-popular so that enough users have used it that most bugs have been found and fixed.

CryptoPanda

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I’m not experimental or curious when it comes to bitcoin wallets. I’m more conservative and stick to what works for me. I guess it has something to do with age, younger bitcoiners may find it fascinating to try new wallets in the quest for cool features. I only use Electrum as my hot wallet and Trezor for cold storage.

Quote from: Z390 on January 24, 2023, 01:00:10 PM

I also want to know if Guarda wallet is better than Trust wallet, I read that the Guarda wallet was released in 2018 but I've never used this wallet before, I just want to here from users if any is on here.

I’m not familiar with Guarda wallet so I can’t give a review, on the other hand Trust wallet is closed-source, a feature I find very disturbing when choosing a wallet.

Despairo

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If there's a new wallet which have same feature and offer new good feature than Electrum [1] it would make interesting to use the new wallet, not directly use the wallet for big amount, but firstly I will discuss about the new wallet to the community and ask for their experiences first.

But I don't think there's a new wallet can offer more feature than Electrum, not to mention most of non custodial wallet haven't CPFP and RBF feature, that's really an important feature for every users to increase the speed of the transaction in case we're set wrong fee.

[1] https://electrum.readthedocs.io/en/latest/index.html

KiaKia

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There is absolute to need to change your crypto wallet if the one you are using is far more reliable, we are not using crypto wallets to show off because of new implementations of any kind, we use crypto wallets to safely secure our assets and nothing more. If you are ready to take the risk with a new crypto wallet because they are new then you are on your own because new wallets can be vulnerable to attacks at launch, wait for proper reviews before installing a new wallet.

Cantsay

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If you're referring to Bitcoin wallet then I don't think I will be changing my wallet anytime soon unless there are reports concerning the wallet been compromised or something similar but if that doesn't occur then it will be difficult to start using another software or a new wallet just because people are hyping it.

But if you're referring to altcoins then i might be forced to use a new wallet most especially for some project that only use their own wallet for their coins so in such situations I can consider using a new software. But for Bitcoin itself I won't just go around testing all new wallet and putting my coins at risk.

JoyMarsha

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Almost all the crypto wallets I have used so far are based on recommendation(a friend recommending them for me). The main wallets I have used so far are Trust wallet, Huobi, and Safepal. What prompted me to start using the wallets I mentioned was to be able to track the reward mechanism(passive income) of some of the defi altcoins I have in my portfolio. But since the market is hitting hard on the defi altcoins, am only using Trust Wallet, letting go of Safepal and Huobi so as not to be seeing how my auto-rewarding coins have lost their value in the crypto market

DaNNy001

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With what I have seen and experience so far in the crypto space, i don't see testing and trying out new wallets as a good idea. Even if the wallet is an open source and its newly created that even make its more vulnerable to some flaws and i personally feel anything new needs some time to be properly check and verified by top developers that the software is safe enough for use. If you are using any other wallet and its working fine for you, i feel there is no need to try any other new ones especially now the web is flooded with crypto and wallet theives waiting to steal your coins and changing of wallets can just make you a victim of such scam project.
For me i will recommend you just go with electrum wallet which is very convenient and the charges are way less per transaction in the wallet

kamvreto

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MAaaN...!! CUT THAT STUPID SHIT

Currently, electrum is my main bitcoin wallet because I don't trust other wallets like Trust Wallet or Guarda Wallet you mentioned. and to be safer using a hardware wallet, it would be more advisable to use Ledger, Trezor and other hardware wallets. Main wallet security is number one, easy access and not limited by anything. Electrum is a bitcoin wallet that can be used on mobile devices and PCs, very simple and security depends on how well we store phrases.

List of the best wallets according to usage
maybe this list of wallets will not be the same as your list,
but this might be the best list for me.

Coinbase Wallet - Best for Beginners
MetaMask - Best for Ethereum
TrustWallet - Best for Mobile
Ledger - Best Crypto Hardware Wallet
Electrum - Best Desktop Bitcoin Wallet
BlueWallet - Best Mobile Bitcoin Wallet
Exodus - Best for Desktop
Crypto.com - Best deFi wallet

dkbit98

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Quote from: Z390 on January 24, 2023, 01:00:10 PM

Will you start trusting a new crypto wallet after it's been out for years or based on users reviews? Or it depends on what the wallet is offering, for example new crypto wallet that's fully open source but not popular because its new, is this a good reason enough to start using?

Don't trust, verify.
Point of the open source wallets is that you don't need to trust anyone if you and other developers can verify the code and don't find any hidden backdoor.
Any newly released wallet needs time but at least for open source software everyone can identify and help fixing them, that is impossible with bunch of closed source black box wallets.

Quote from: Z390 on January 24, 2023, 01:00:10 PM

There are people who use Guarda wallet, Atomic wallet or Exodus wallet the same year of release before they become popular, what could possibly prompt you to start using a new crypto wallet today?

I don't like any of this wallets and I don't recommend anyone using them, but Exodus is probably better option from all of them.
Best option for dealing with shitcoins is hardware wallets like Trezor, Keystone or Bitbox, that are all open source and much better than ones you mentioned.

Agbe

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It is not too good to switch wallet because you might mistaken on the seed phrase. Switching to a newly launched crypto wallet is not good even though it is an open source. Because you don't know or in what format the open source software was created. Scammers are also advancing everyday. Even TRUST WALLET is not trusted, the only wallet that love most for now but s Electrum. I would have used Wasabi or Bisq and I have tried my best to install them in my PC but all is vain. If you want to use newly launched wallet, don't rush and wait for the proper review of the wallet before using it.

Upgrade00

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Quote from: Z390 on January 24, 2023, 01:00:10 PM

Will you start trusting a new crypto wallet after it's been out for years or based on users reviews? Or it depends on what the wallet is offering,

It depends on if I have a need for it.
If I am currently using a good wallet software which provides all that I need and is fully functional, I see no reason to switch to another except it solves a major flaw in the other.
I can try it out and give my recommendations but wound not randomly move my assets around different wallets.

Quote from: Z390 on January 24, 2023, 01:00:10 PM

There are people who use Guarda wallet, Atomic wallet or Exodus wallet the same year of release before they become popular, what could possibly prompt you to start using a new crypto wallet today?

They could be new entries into the space and are yet to pick a preferred wallet to use, so a new one doesn't seem like such a bad idea.
It may also suit their preference far more than the available options.

Cryptomultiplier

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A lot of reasons can make one start using a new crypto wallet. Factors can range from, missing features that makes it harder for one to use the wallet, perhaps one has been hacked due to loose security on wallet. It might even be that such a wallet had crashed or no longer functioning.
A wallet is just to store coins in ones preferable rate and exchange. It is not supposed to do much, other than keep our coins safe and secure. Unless one has a reason other than this, I see no reason why a new crypto wallet should be delved in at first download or upon hearsay.

BIT-BENDER

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I have placed one rule for myself and that is Crypto-currency is not a random testing sector where you come to test all options available to you.

Basically the main function of a wallet to me is security and that’s keeping your coin safe. Everything apart from this are secondary to me, I have been using my wallet for a while now and no complains from me so I see nothing making me change unless I need a particular coin and it’s not available on my present wallet.

Stalker22

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When it comes to crypto wallets, I am a bit picky. Security and reputation are the most important factors. I want to make sure that my assets are well-protected from hackers and other malicious actors and I always check the reputation of a wallet before using it. I also want a wallet that is easy to use and navigate.I do not like it when a wallet's user interface is complex, or when there are too many steps involved when setting up the wallet. Overall, I want a wallet that is easy to use, secure and reliable. I am not always the most tech-savvy person in the world, so it is important for me to find something that does not require a lot of technical knowledge. When it comes to trying out new crypto wallets, I might give them a spin out of curiosity or to explore new features. However, I would never entrust them with significant amounts or use them for important transactions if they don't have a well-established and impeccable reputation.

Rikafip

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Since I don't like to change things that work, the only reason why I would change the wallet is if there's some serious flaw with it or if it becomes unpractical to use. Example of that was blockchain android wallet I used in the past but after constantly having issues with it I switched to Electrum years ago and I can't complain about it. And no, I wouldn't be interested testing wallet that is new on the market no matter whether its open source or not and I would rather leave that to people that are more knowledgeable than me to thoroughly check it out.

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