Post
Topic
Board Altcoin Discussion
Re: Stay away from centralized wallets
by
Annamike
on 01/08/2020, 20:20:11 UTC
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


Hmmm, centralized wallet thought me the biggest part of my Crypto lesson last year, I lost everything I worked for and that was the end of me and centralized wallets. I wish people can read this post and adhere to it especially newbies