Do you even know the difference between Centralized wallets and Dec wallets? Days back I lost my coinbase account and the team aren't helping, I'm glad I only have little Bitcoin on the account, would have been a different story if I use coinomi or atomic wallet because they give users 💯 control over their funds, private keys and recovery seed are important, always remember that
Example of Centralized wallets
1. Coinbase
2. Nexo
3. Luno
4. Xapo
5. Freewallet
Any wallets that ask you create an account with mail and password is centralized, they monitor your private keys for you, be smart
OP this is an awesome tip, and thanks for pointing out some of these centralized wallets. I think blockchain wallet is missing out. I wonder why a wallet will require KYC, this sucks. I mainly use trustwallet, there is no need for email or KYC. I tried swapping ETH / xlm on blockchain wallet and KYC was a requisite. Decentralization is far fetched in the real sense.