Post
Topic
Board Service Announcements
Re: Bitamp Bitcoin Web Wallet - Send & Receive Bitcoin Instantly!
by
coupable
on 31/10/2020, 18:40:50 UTC
I have just noticed now that the running signature campaign is about a web wallet (i thought it's a gampbling website at first). I tried several options in the wallet and it seems good to use. However, i wouldn't ever suggest anybody (especially newbies) to use a web based wallet for the same reasons mentioned in this reply from page one :
1. Most people don't like web wallets because they are so prone to phishing attacks unlike software versions (For example MEW which started out as a web based ether wallet is one of the crypto related websites that has the largest phishing attacks, and they are trying to move away from the web based wallet. In fact, they don't encourage people to log in using Private Keys, Seed phrases or Keystore files). Do you have any plans to creating a  software wallet?

2. You should encourage people to generate their seeds offline using your wallet (it's a more secure way) just in case someone is watching since your wallet is browser based... It could be a malicious extension on the browser of the person trying to create a wallet. This should be in the instructions just before someone generates a seed or login
I would suggest to lunch a mobile based wallet app with PIN password feature instead of using private keys or seeds every time to login.
I want also to ask about your benefit from this project. You seem to spend a lot of money in setup and promotion, so how you aim to generate profit from it ?