Hi guys, I have a question for you all about crypto wallet, must a crypto wallet be fully open source to have peace while using them to store large amount of money? And is trust wallet a half baked open source wallet or full open source? Thank you
You don't have to worry about trust wallet because its hundred percent open source unlike coinomi wallet that has some kinda backdoor, I heard people their coins using coinomi pc wallet, I believe that happens because it's closed source, no such issue with trust wallet, make sure you keep your recovery seed safe
Hi Gorosden, being open source is not a synonym of being secure. Open source projects have their own attack surface and can also be target of hacks or vulnerabilities. Furthermore, if you are installing a wallet from the app store, there is no guarantee that the app you are getting comes from the source you see on github. If you are not compiling the app from source, it's not any different than installing a closed-source app. People lose coins no matter what wallets they use. No Coinomi user has lost coins due to issues in the app, there is no backdoor. Reports of such losses have been tracked to poor user security practices or compromise of their private data in some other side channel attack, like saving seeds on an email or other cloud service. You can read about Coinomi's security here:
https://coinomi.freshdesk.com/support/solutions/articles/29000016248-how-safe-are-my-funds-how-are-my-private-keys-stored-