RE: 🔐 MyEtherWallet: A Secure Digital Wallet 💸

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🔐 MyEtherWallet: A Secure Digital Wallet 💸

in cryptocurrency •  7 years ago 

Man, would be great if I could find a wallet that could hold all my diff crypto's. I don't like letting them sit in my exchange, but I also don't want to have 5 different websites or wallets on my PC. Wish there was just one wallet to rule them all!

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  ·  7 years ago (edited)

Coinomi

It is only available on mobile devices but has a ridiculous amount of coins/tokens - shapshift and changelly support internal to the wallet so you can change between currencies INSIDE your wallet.

The private keys NEVER leave your phone.

It is anonymous, and you can mine directly to it.

It also has a very complex word series phrase recovery system.

https://coinomi.com/

Now that may be the solution I've been looking for! Going to check that out.

Well, it has a lot of options, but nothing to hold my EOS, ADA, or IOTA :-(

I think ledger nano s has Ada and Iota support coming soon.

Yeah, I've been procrastinating on buying one of those. The waiting list is just crazy. But I really like that better than an online wallet, iphone wallet or PC wallet.

  ·  7 years ago (edited)

Yes, the wait list got super crazy at the end of last year. I picked up 4 maar the beginning of 2017. They are much more secure than any other option, have you looked also at Trezor?

The problem with all the other wallets are that they are only as secure as your device. I only use them as a hot wallet with minimal amounts for quick use (hardware wallets are a bit more of a pain to use).

Exchanges are only as secure until the day they are not. Don't trust them with anything unless you are day trading and even then...

Actually check out Coinomi -- the recovery seed is a mnemonic phrase that is not stored on your phone or android device -- they recommend storing on an offline device and paper -- without that phrase your wallet is bricked.

Someone has to have physical control of your phone because there is literally no central account, and all keys are stored on the phone itself -- just like a hardware wallet

No, a hardware wallet is much more secure. Something like Coinomi I would only use as a bit wallet for small amounts of crypto.

Please explain exactly the difference if I have physical control of your hardware wallet.

Coinomi has no central repository of users -- the app and keys are on my phone, encrypted with a mnemonic seed.

Unless you have physical control of my phone, you don't know my public key or my wallet address.

With shapshift internal to Coinomi -- you can exchange your EOS to a Coinomi supported currency -- and back

https://info.shapeshift.io/about

all inside the wallet

  ·  7 years ago (edited)

LOOK INTO ETHOS. Will be all your dreams come true if they can deliver and why i'm invested.

UEKsyX4m_400x400.jpg

Cool, I'll check it out.

I think it's so many peoples' dilemma. I guess coins are just different from each other and the software can't handle so many different types.

I think what would solve the problem is if the exchanges themselves offered a 3rd party website with all the wallets. I mean, they already have 90% of them built into their exchange. But I suppose they have no motivation to do that.

Coinomi supports over 100 coins and tokens including ETH, BTC, ZEC, LTC, etc.

They are working on support for Monero

Scroll down for supported coins

https://coinomi.com/