Quote from: irixo10 on Today at 06:44:47 PM

Quote from: Stanlo on March 15, 2020, 07:15:08 AM

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

The need to keep reminding people of this can't be overemphasized because it is really important as it is a matter of money. Centralized wallets are not good forms of wallet and should not be used, no matter the advanced features within it, it should be ignored. A good type of crypto wallet are those that makes it possible for users to own and manage their private keys, thus they can import their wallet anywhere they like without issues. As for the centralized wallets, the users are always at the mercy of the developers because exit scam can easily be done, even exchanges wallets are not encouraged because they are not secured too. Lastly, some examples of good crypto wallets are Imtoken, Trust wallet, Enjin, Atomic etc.

if so, why do people make centralized wallets? is their goal all to take money from people who use their wallet. I don't think so, but there may be some cases that make or cause it to happen.
if indeed such a wallet is no longer useful, people will definitely not use it.