what is the best crypto wallet for mobile?

libert19

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Quote from: Pmalek on January 13, 2023, 04:33:25 AM

...I am not sure how either one of those work in terms of fees, and do you have the freedom to select how much you want to spend on transaction fees or not.

In Coinomi, fees are customizable.

@op

I ain't sure for which alts you are looking wallet for and whether you have an iOS/android. But still, if it's for ethereum I'd recommend alpha wallet ^[1] — available on on iOS/android and open source ^[2].

^[1] https://alphawallet.com/

^[2] https://github.com/AlphaWallet

NotATether

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Quote from: ?? on ??

Atomic Wallet is amazing when used through a virtual machine.

Virtual machines do not offer additional protection to your crypto, since your VM can still be compromised and your crypto stolen without even having to infect your host.

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Their UI is also one of the nicest I've seen for a mobile wallet, and from an adoption standpoint, people IRL who are into crypto and see Atomic Wallet have told me they love the way it looks. They end up using it too.

That's like saying people would rather store their seed phrase papers inside a Louis Vuitton handbag than a small generic box just because it looks fancier. Of course it does. But why do you think thieves always steal handbags and not random boxes?

Pmalek

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Quote from: ?? on ??

What should be the criteria of a good mobile wallet

It should have as many useful features as a good desktop wallet. Being non-custodial is a must. There are good open-source mobile wallets, meaning there is no need to settle for something close-source. The wallet should give you the freedom to select your own fees even after the decimals. Some wallets come with priority fee selections like low, medium, high, and that's far from optimum. Coin control is another noteworthy feature, as is the possibility to freeze certain inputs if you want to. I prefer wallets that have been around for many years and have clean track records instead of chasing beautiful looking designs and UIs, but with questionable qualities.

Your mobile wallet will depend on what coins you intend to hold in it. I see no point in using a multi-coin wallet to store bitcoin, for example, when we have standalone bitcoin wallets. And don't use an exchange as a wallet because it isn't.

Edwardard

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Quote from: ?? on ??

What should be the criteria of a good mobile wallet

It generally depends upon your purpose of use. For normal transactions, mycelium is best.
But if you are geeky and you want more advanced features like "pay-to-many" in single transaction on mobile, lightning network, etc, I'd go for bluewallet[1] (Im personally using it for myself too).

[1] https://bitcointalksearch.org/topic/tutorial-bluewallet-bitcoin-wallet-discussion-5425971

Pmalek

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Quote from: gunhell16 on January 13, 2023, 09:57:14 AM

...so coinomi seems okay too. Just don't forget to use it with extreme cautions.

What kind of recommendation is that? It's OK to use it, however, be very careful because it's extremely dangerous. That's another way of saying it. It's OK to walk in a minefield, but be careful not to step on a mine. Otherwise it's all good.

Quote from: gunhell16 on January 13, 2023, 09:57:14 AM

Apart from that, as far as I know Trustwallet is currently not good to use due to the issues it has faced recently.

I don't follow altcoin trends, so I am not sure what kind of issues you are referring to. If it's about the OP and his friends having their wallets hacked, it's worth considering that they might not know how to keep their crypto safe. Getting hacked, phished, or malware-infected is usually due to user mistakes and not because of the wallets that were used.

gunhell16

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Have you tried the Klever wallet? I think it's okay in my opinion, because I haven't faced any bad experience using it, so coinomi seems okay too. Just don't forget to use it with extreme cautions.

Apart from that, as far as I know Trustwallet is currently not good to use due to the issues it has faced recently.

Pmalek

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Quote from: Woodie on January 12, 2023, 07:17:19 AM

I love to use coinomi because I have access to my private keys which is the main deal breaker and supports several other crypto coins...

Both Coinomi and Trust Wallet are non-custodial clients, so you will have access to your seed and/or private keys with either one of them. There is no difference between them on that front. Both are closed-source, so you aren't getting any benefit from one over the other there either. What makes them different is coin support. One wallet might support an asset that the other one doesn't. I am not sure how either one of those work in terms of fees, and do you have the freedom to select how much you want to spend on transaction fees or not.

Woodie

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Quote from: Ivartheragnarson on December 15, 2022, 12:53:20 PM

hello all, i am currently using trust wallet as my main wallet. my previous wallet has been hacked by someone and that too was a trust wallet. today a friend of mine had to face to the same problem i faced. his wallet also was a trust wallet. why these trust wallets are being hacked??

This makes some sad reading, I thought trustwallet was good but then again too many copycats of this company is what I have observed even on Twitter they have an imposter with a huge following and they haven't been shutdown. I hope they have addressed this issue of their wallets being hacked...

Quote from: Ivartheragnarson on December 15, 2022, 12:53:20 PM

isn't trust wallet safe?? if no why??

Thought they were safe not anymore after reading some of their client's misfortunes.

Quote from: Ivartheragnarson on December 15, 2022, 12:53:20 PM

is there a better wallet for holding my crypto temporarily?? i am asking about mobile wallets guyz, not about cold wallets.

I love to use coinomi because I have access to my private keys which is the main deal breaker and supports several other crypto coins , for btc would have suggested electrum but after the hack one of our members here suffered an not comfortable using them anymore.

bettercrypto

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Quote from: erep on January 09, 2023, 10:53:55 AM

Phishing is the biggest case associated with hacking hardware wallets or wallets from open sources, even though phishing cases are user errors not verifying the source of the wallet address and not checking applications from official sources, so every wallet user should have learned things that are forbidden to access wallets from the unofficial web and should know how to protect and enhance access security in online wallets and hardware wallets.

You are right, there are many victims of those phishing sites, to be honest. Most of the cryptocurrency community should be aware and alert to these types of hacker methods.

That's why if you're holding Bitcoin, Electrum is safer when downloaded to a desktop or laptop, but if you can afford to buy a hardware or Nano wallet, it's even better. Now, for IOS, maybe Trustwallet is okay, I think

erep

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Quote from: Charles-Tim on January 09, 2023, 06:59:20 AM

It is possible that an experienced person can use an online wallet and never got hacked, but that is not enough for security reasons, anyone may later fall victim of hack and the use of an online wallet for high amount of money can result to feeling of insecurity and probably the wallet may later even be hacked, hackers should not be underestimated. The probability of getting hacked while using online wallet can be negligible for experienced users but that does not mean the wallet hack is not possible.

There is no guarantee of security for online wallets because hacking attacks will always be there and will never stop, hackers already know the huge vaults that make them rich and are always looking for bugs to access wallets through backdoors, don't hold assets on online wallets and assets on exchanges will incur feeling apprehensive about being hacked, so I always update a new wallet if using an online wallet and it will automatically transfer assets to a cold wallet.

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The safest are cold storage and hardware wallets, but users should safe their seed phrase safely because offline attack is also possible. But users that do not know about phishing attack can be hacked by entering their seed phrase on a site or through other phishing attempt means. Even hack on a cold storage or hardware wallet can be possible through clipboard malware in a way the online wallet used to initiate an unsigned transaction changed the address to a hacker's address.

Phishing is the biggest case associated with hacking hardware wallets or wallets from open sources, even though phishing cases are user errors not verifying the source of the wallet address and not checking applications from official sources, so every wallet user should have learned things that are forbidden to access wallets from the unofficial web and should know how to protect and enhance access security in online wallets and hardware wallets.

Charles-Tim

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Quote from: Pmalek on January 09, 2023, 06:10:54 AM

A good software wallet can be enough for one person who will never get hacked in their lifetime.
On the other hand, a paper wallet can be completely unsafe in the hands of a person who created it using a fake service, bad RNG, or made mistakes with the seed/private keys.

It is possible that an experienced person can use an online wallet and never got hacked, but that is not enough for security reasons, anyone may later fall victim of hack and the use of an online wallet for high amount of money can result to feeling of insecurity and probably the wallet may later even be hacked, hackers should not be underestimated. The probability of getting hacked while using online wallet can be negligible for experienced users but that does not mean the wallet hack is not possible.

The safest are cold storage and hardware wallets, but users should safe their seed phrase safely because offline attack is also possible. But users that do not know about phishing attack can be hacked by entering their seed phrase on a site or through other phishing attempt means. Even hack on a cold storage or hardware wallet can be possible through clipboard malware in a way the online wallet used to initiate an unsigned transaction changed the address to a hacker's address.

Pmalek

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Quote from: albon on January 07, 2023, 01:23:59 PM

No, this indicates that you did not maintain the recovery phrases and private key well, and this is the case with all wallets if you do not have a background in protecting your wallets from hacking, then all the wallets that you will use will be unsafe for you.

Even the two most often recommended bitcoin-only wallets (Electrum and Bitcoin Core) are unsafe if used in a vulnerable environment by a person who has no idea what they are doing. Safety is not just about clicking and installing the right wallet. All your internet and/or computer habits affect the overall security of your crypto.

A good software wallet can be enough for one person who will never get hacked in their lifetime.
On the other hand, a paper wallet can be completely unsafe in the hands of a person who created it using a fake service, bad RNG, or made mistakes with the seed/private keys.

albon

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Quote from: Ivartheragnarson on December 15, 2022, 12:53:20 PM

hello all, i am currently using trust wallet as my main wallet. my previous wallet has been hacked by someone and that too was a trust wallet. today a friend of mine had to face to the same problem i faced. his wallet also was a trust wallet. why these trust wallets are being hacked?? isn't trust wallet safe?? if no why?? is there a better wallet for holding my crypto temporarily?? i am asking about mobile wallets guyz, not about cold wallets.

There are many good and safe wallets, But that doesn't mean that after your wallet and your friend's wallet have been hacked, Trustwallet is bad. No, this indicates that you did not maintain the recovery phrases and private key well, and this is the case with all wallets if you do not have a background in protecting your wallets from hacking, then all the wallets that you will use will be unsafe for you. if you are looking for a good wallet other than the trust wallet, it is the CoinBase wallet, as it is supported by reliable and well-known trading platforms, also the Exodus wallet is good and easy to use, and in addition to that it gives you a private key to access your bitcoins, Plus other useful security tools to keep your assets as safe as possible.

Hispo

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Quote from: Pmalek on December 21, 2022, 02:03:45 PM

Quote from: Hispo on December 21, 2022, 12:15:17 PM

It's very impressive that this wallet has had over 5 million downloads so far. Unless the numbers on Play Store are fake and they can somehow be manipulated and inflated. But I don't think that's what is happening here.

I checked the screenshots on Play Store, and I came across this one:

Judging by the text that appears just above the PIN field when creating a transaction, the user is informed how much will be spent for the mining fees. In this particular example it's 0.01 mBTC.

Actually, it is not so surprising they have got over 5 million downloads, considering the age and reputation of that wallet. If you check carefully the creator of that wallet (Andreas Schildbach) has an account here on the forum and is even a moderator on one of the sub-sections of this forum (the Android wallet child-board).

Also, that wallet is featured on the wallet scrunity website and last time I checked, it has a spotless track record of being reproducible/open source.

Yes, the wallet actually displays the fee before sending the transaction and has options to display funds on BTC, mBTC, MicroBTC and Satoshis.
Again, it is not a perfect wallet, but I like it .

erep

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Quote from: Charles-Tim on December 21, 2022, 05:35:30 AM

Did you delete the wallet and redownload it to see if it worked?

Trustwallet is a close source wallet, which means you can import the seed phrase on a new wallet and transfer the coin to another newly created wallet. Do not trust the seed phrase created on a close source wallet.

Suggested him to switch to Electrum wallet because trustwallet side is not working properly and not showing balance has been received from signature campaign payments, I have used Electrum for any payments so no bugs found. He has to use a new wallet to store assets because the initial phrase from trustwallet is not a guarantee of security because the wallet application is a closed source, if you connect the wallet to a third application, you must provide access to the wallet connection, if you don't import the initial phrase manually.

Pmalek

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Quote from: Hispo on December 21, 2022, 12:15:17 PM

It's very impressive that this wallet has had over 5 million downloads so far. Unless the numbers on Play Store are fake and they can somehow be manipulated and inflated. But I don't think that's what is happening here.

I checked the screenshots on Play Store, and I came across this one:

Judging by the text that appears just above the PIN field when creating a transaction, the user is informed how much will be spent for the mining fees. In this particular example it's 0.01 mBTC.

Hispo

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Quote from: Pmalek on December 19, 2022, 03:09:10 PM

Quote from: Hispo on December 19, 2022, 01:42:02 PM

The creator of the wallet "Andreas Shildbach has provided a tutorial to extract the seed separately in a computer, using the file and the password, the result displays the 24 words. The app itself does not show the seed in plain text, for security according to the developers.

That's good. If it works with 3rd-party apps and especially desktop devices, it means you are not dependent on the Shildbach wallet to stay operational.

Quote from: Hispo on December 19, 2022, 01:42:02 PM

The fee options are shown as: High, medium and slow.
The exact amount of say/vB is not detailed on app, only on explorers.

The sat/vByte data should be visible during the transaction creation process. I see no reason to not have it. Newbies and those not interested in entering the fee rates manually can be given a choice to select between high, medium, and slow confirmation times if they want. More advanced users surely want to know how much they are paying, especially considering how bad some wallets are in automatically selecting the fees.

Even though one does not need that specific wallet, extracting the seed of the encrypted file requires to use some line commands on a console on a computer, which obviously is not intuitive for most of people.

About the fee selection, I agree with you.
Being able to manually type the fee one wishes to spend is important, and it is a feature that has been demanded by some of the wallet users.
If you feel curious, you can download and check the wallet for yourself (without sending satoshis to it).

https://play.google.com/store/apps/details?id=de.schildbach.wallet

Charles-Tim

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Quote from: 2double0 on December 20, 2022, 09:24:04 AM

I was using it till I came across a bug which then needed me to use its mnemonic phrase in various other wallets and I was only able to see my Bitcoins in Electrum after successfully importing my mnemonics there. The problem with trust wallet was, when I received my recent signature campaign earnings, it didn't show my btc at all and I was scared. May be it's a bug because my coins were seen on blockchain but not in the wallet.

Did you delete the wallet and redownload it to see if it worked?

Trustwallet is a close source wallet, which means you can import the seed phrase on a new wallet and transfer the coin to another newly created wallet. Do not trust the seed phrase created on a close source wallet.

Pmalek

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Quote from: 2double0 on December 20, 2022, 09:24:04 AM

Please do not recommend trust wallet to OP.
I was using it till I came across a bug which then needed me to use its mnemonic phrase in various other wallets and I was only able to see my Bitcoins in Electrum after successfully importing my mnemonics there.

Most people aren't recommending using Trust Wallet. It's the OP who is asking whether or not this piece of software should be used or not.

You could have experienced connection issues on your end. Unless something has changed, Trust Wallet uses standard derivation paths for bitcoin. I wonder why you weren't able to recover your coins in other software wallets and why it worked on Electrum? What is the derivation path of the wallet you recovered in Electrum?

2double0

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Please do not recommend trust wallet to OP.
I was using it till I came across a bug which then needed me to use its mnemonic phrase in various other wallets and I was only able to see my Bitcoins in Electrum after successfully importing my mnemonics there. The problem with trust wallet was, when I received my recent signature campaign earnings, it didn't show my btc at all and I was scared. May be it's a bug because my coins were seen on blockchain but not in the wallet.

Topic: what is the best crypto wallet for mobile? (Read 715 times)