29.3 C
New York

Tag: steps

App Store Outages and Missing Crypto Wallets: What to Do? BTCWires Explains

Trust Wallet, a crypto wallet app rated at 4.7 stars and with a total of 166,379 reviews – take from that what you will – has reported on its official Twitter page and community webpage that the app became unavailable “on March 21, 2022 at 1pm PST”, which seems to match the time of the outage reported by more than 3,000 users on Downdetector

BTC Wires, a leading online digital platform that provides information about crypto and blockchain technology, examined possible reasons in the Trust Wallet case, and came up with steps that crypto users can take. 

What Was the Reason?

It is still uncertain if the above mentioned events are related, though the company behind Trust Wallet seems committed to assuring its users that the problem will be solved in “a timely manner”, and transactions have been confirmed to be working just fine. 

Another possible explanation for the sudden disappearance of the app from the store might be related to App Store guidelines regarding the use of third-party payment services, which seems to be the case, at least for Trust Wallet, with the words:

“The app does not sell any crypto, you will be redirected to a 3rd party provider” hanging over its official community post forewarning crypto adventures just as those of Dante in the famous Italian comedy. 

Apple has reportedly restricted the use of third-party payment integrations when there's no physical exchange of goods or services, making adjustments to their policies whenever legally obliged and/or pressured, as is the case in the Netherlands and in South Korea. However possible for this to be the case surrounding the issue with some wallets, nothing has been disclosed by Apple or by any other company that would confirm this theory. 

Are Other Wallets at Risk?

Nevertheless, many users of other wallets and wallet services embedded with exchange platforms have understandably become wary about the situation, which expands the proportion of need-to-know information one requires before trusting any amount of money to a service. 

With that in mind, here are a couple of options one can rely on to not have that issue:

  • NOW Wallet: Since the company behind the wallet is likewise behind the exchange platform, they do not depend on a third party to execute the payments, thus they are compliant with App Store guidelines. The wallet supports nearly 400 cryptocurrencies, about 60 fiat currencies, and NFTs. Since it is non-custodial, the user has full control of the private keys and the funds. There are other benefits to this wallet as well, such as its simplicity and straightforward app design, making the learning curve accessible even to the most tech-averse person.
  • Coinbase Wallet: Coinbase is a staple in the crypto market by now, and its Wallet product, in opposition to the regular Coinbase service, is a DEX, thus allowing crypto swapping just as other DEXs. It supports all ERC-20 tokens (including USDC and DAI), BTC, BCH, LTC, XRP, XLM, and DOGE. Since its inception, it has been known for its appeal among beginners and is well regarded by its users.
  • eToro Money Crypto Wallet: Another great option for those who like stability. eToro, like Coinbase, has established itself in the crypto market as a reliable broker service and a wallet. It's trustworthy, supports over 500 crypto pairs, and is secure. On the other hand, it might be too much of a challenge for beginners.
  • Gemini Wallet: If you are out there looking for something different, this might be what you're looking for. Gemini offers a hot wallet insurance in case of a security breach or hack, which is an added bonus when dealing with money on the internet. There is good and bad in this wallet. Some of the fees can be quite high, and you don't get as many options of currencies (about 70 crypto assets) and they're not as variable as you would get with other wallets. Despite this, it still has a reputation as a reliable wallet.
  • Ledger Live Wallet: Now if you are in for something more niche, you might like Ledger Live. The wallet is powered by Ledger, the most reliable hardware wallet available, supports 1,800 coins & tokens, and uses advanced security features. The only downside is the lack of online customer support.

Those are not the only alternatives but are currently some of the most reliable ones out there. The perfect fit for you will largely depend on your crypto interests, and while the aforementioned wallets deal with a wide range of assets, you should always do your own research and see what better matches your needs.

Visit BTC Wires to find more news and other crypto-related information. 

What to consider when migrating data warehouse to Amazon Redshift

Customers are migrating data warehouses to Amazon Redshift because it’s fast, scalable, and cost-effective. However, data warehouse migration projects can be complex and challenging. In this post, I help you understand the common drivers of data warehouse migration, migration strategies, and what tools and services are available to assist with your migration project. Let’s first […]

Xbox Becomes the Official Gaming Partner of the French Football Federation

Today we are delighted to announce a brand-new partnership between Xbox and the French Football Federation, making Xbox the Official Gaming Partner of the French Men’s and Women’s National Football Teams. At Xbox, our mission is to bring the joy and community of gaming to everyone on the planet. Billions of people around the world […]

Security PSA: Mining Pool Scams Targeting Self-Custody Wallets

By Coinbase Security TeamAs part of our mission to build a more fair, accessible, efficient, and transparent financial system enabled by crypto, we actively...

Fronius offers smart network solution for battery chargers

Digital networking is taking great leaps forward in intralogistics, including in the operation of... Read more »

The post Fronius offers smart network solution for battery chargers appeared first on Logistics Business® Magazine.

9 Celebrities with Winning Cannabis Brands

The legal U.S. cannabis market is still expanding, and experts in every industry are throwing their hat in the ring — especially those who’ve made their mark in entertainment. Cannabis […]
Tag Template - News Hub PRO

How to Build a Custom Malware Analysis Sandbox

Before hunting malware, every researcher needs to find a system where to analyze it. There are several ways to do it: build your own environment or use third-party solutions. Today we will walk through all the steps of creating a custom malware sandbox where you can perform a proper analysis without infecting your computer. And then compare it with a ready-made service. Why do you need a malware

What Makes Alpaca BSC’s 3rd Biggest Protocol?

Alpaca Fiance, is an all-in-one lending, liquidity mining, and stablecoin project that has become the third-largest BSC protocol by TVL.

How To Add a Sparkline in Excel

Excel is a great tool for all of your marketing needs. You can create graphs to visualize your data, use formulas to calculate conversion rates, or even create social media calendars.

Final Fantasy XIV Frosty Steps Back From the World First Race

The host of Mogtalk and leading force behind the World First Race is stepping down to become a family man.…

The post Final Fantasy XIV Frosty Steps Back From the World First Race appeared first on Esports News Network | ESTNN.

Kukun Hires Former Expedia Technology Leader as Vice President of Engineering

Matt Nichols joins proptech startup to scale product engineering efforts MENLO PARK, Calif.–(BUSINESS WIRE)–#inovation—Kukun, the leading proptech platform and originator of property data, home valuations, and homeowner investment solutions, announced today that Matt Nichols has been recruited from Expedia to lead product engineering. Nichols brings expertise from one of the world’s most innovative travel and […]

The post Kukun Hires Former Expedia Technology Leader as Vice President of Engineering appeared first on Fintech News.

RTGS Global solution disrupts cross-border payments status quo

While the payments sector has developed, wholesale cross-border payments have been left behind. RTGS Global solution disrupts the status quo.

The post RTGS Global solution disrupts cross-border payments status quo appeared first on LendIt Fintech News.

Tag Template - News Hub PRO

Recent articles

spot_img