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Topic
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Merits 4 from 4 users
Re: Mycelium Wallet Promoting Scam Bookies 1xbit.com
by
LoyceV
on 25/07/2021, 08:05:11 UTC
⭐ Merited by ETFbitcoin (1) ,igehhh (1) ,hosseinimr93 (1) ,aysg76 (1)
It doesn't show in my wallet yet, but this is bad Sad

I can understand that it can sometimes be a challenge to determine if a service is a scam or not
I've also seen wallets that promote an exchanger service that has several scam accusations against them.

Since mycelium is open-source and noncustodial, at least I know my fund is secure.
If they decide to scam their users, just one (automated) update is enough to give them access to your funds. The 6-digit PIN isn't going to save you from that.
If they don't mind their users getting scammed, as long as they earn from it, what's to stop them from selling the wallet to a scammer (just like a certain paper wallet site did)?