MultiversX Tracker is Live!

How Do You Think about the OneKey (Hot Wallet)?

All Cryptocurrencies

by COINS NEWS 15 Views

Hi there,

I've used to have a Ledger Cold Wallet, because when I started it was the golden standard of securely interacting with Crypto Currencies etc.

Since the Recovery Breach I rethought my decision of trusting a closed source Software, because you never know what they are going to implement. And since one of the selling points of ledger was "your seeds can't be extracted" and they have proven us wrong, I stopped using it since it's the same like a hot wallet imho.

So therefore I've searched for really secure ways of storing my cryptos on my computer. For Bitcoin it was a easy way. Just install Sparrow and a own Crypto Node and you are mostly safe. Then put your Seeds as already used to in a password manager and you are done.

But for ETH, SOL, DOGE and ADA the game becomes a little more harder, since for these Cryptos their are a lot of "Browser Wallets" which I don't like, since other Browser Addons could interfere with it and a hacked browser would be a security risk.

For solving this issue I've found out that OneKey Offers there Desktop Software on which you are able to create multi Crypto Wallets with one initial 12 Word Seed Phrase. On Top of it the entire Software is Open Source so everybody can check what's going on.

And here comes my question, what was your experience with OneKey and would you consider it a good alternative for a multicoin wallet or would you recommend me something different?

submitted by /u/MrLufus
[link] [comments]
Get BONUS $200 for FREE!

You can get bonuses upto $100 FREE BONUS when you:
πŸ’° Install these recommended apps:
πŸ’² SocialGood - 100% Crypto Back on Everyday Shopping
πŸ’² xPortal - The DeFi For The Next Billion
πŸ’² CryptoTab Browser - Lightweight, fast, and ready to mine!
πŸ’° Register on these recommended exchanges:
🟑 Binance🟑 Bitfinex🟑 Bitmart🟑 Bittrex🟑 Bitget
🟑 CoinEx🟑🟑🟑 Huobi🟑 Kucoin.