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RE: How good is Coinomi wallet compared to Jaxx?
from what I understand, the Jaxx vulnerability is only on the desktop version in which an attacker could decrypt your private key if they had access to your computer.
I think the ios is as safe as any other app wallet out there.
But I still don't get why there is such distrust over hot wallets. People all say never put life savings on it.
Then why is there a market for app wallets at all ? Why not just have two choices.. Exchange / online and Cold wallets (Hardware & paper). Why bother with all these app wallets and desktop wallets if they are so risky to use?
Firstly NEVER EvEr use paper wallets, PERIOD ! ! !
Paper wallets are a specialised very risky way of storing crypto, there are far better means ...
i own a ledger nano s , a trezor and a keep key . . . when you win your 400 million on lotto spread out that win-fall across those three devices.
cryptosteel keeps your recovery seed safe from damage and place the recovery seed in a safety deposit box (US$ 80 ) per year...
make sure no one else can open your safety deposit box, not your partner, not your kid and not even your dog...
do not mess with encrypted USB's ; use protonmail and other impenetrable emails and a virtual keyboard input . . .
hot wallets are very secure until they are compromised and be assured that someone is always trying to breach hot wallets ! ! !
exodus, jaxx or coinomi are the three online wallets that store different types of cryptocurrency altcoins , but generally 50% of those altcoins are not worth HODLing but they are a fun way to learn about your digital imaginary cash money security storage ! ! !
anything truly worth holding will almost be accommodated by hard wallets , then put a few things across those three app wallets . . .
add in bitcoin core and blockchain dot info blockchain.info and coinbase ( VAULT storage ) ...
and your crypto is as safe as you can make it ! ! !
and remember never believe the HYPE and FuD that surrounds everything in cryptocurrency :)
/ Hugz ;)
Agree with u