210 похожих чатов

When using komodo or verus wallets, where are coins existing?

Are they non-custodial wallets interacting with original blockchains or are the coins moved into a separate contract or chain/wallet that supports the dex... In other words, are my coins still as safe as my seed phrase when using these wallets. Or are they as safe as the wallet/dex?

7 ответов

24 просмотра

I think so but maybe someone else can confirm

It's in your own wallet with your own seedphrase. It's a real DEX. DEX is future.

cryptoriddle- Автор вопроса
Phil |
It's in your own wallet with your own seedphrase. ...

So say the wallet was having issues, could I use the seed phrase elsewhere to extract my balances to another wallet?

Komodo wallet is non custodial. Your fund are your responsibility. Komodo wallet is never in custody of assets, even during a swap. This is what makes atomic swaps incredible. p2p swaps from your wallet, to the other peers wallet. Komodo wallet has real atomic swaps, unlike most DEXs.

cryptoriddle
So say the wallet was having issues, could I use t...

Yes. If you have your seed phrase, your funds are always safe. You can restore those addresses and balances on any pirate chain wallet.

cryptoriddle- Автор вопроса
Daniel
Yes. If you have your seed phrase, your funds are ...

It’s odd that Komodo desktop has a 24 word seed phrase and mobile has 12. Not sure how that would work. Also wondering about other assets. Most eth wallets still use 12 word seed phrases. Maybe a question for Komodo group though

cryptoriddle
It’s odd that Komodo desktop has a 24 word seed ph...

I think that 24 word seed phrase restores all of your wallets on Komodo. I'm not sure though, I'd have to double check. They provide you with the private key for the individual pirate wallet.

Похожие вопросы

Обсуждают сегодня

@Benzenoid can you tell me the easiest, and safest way to bu.y HEX now?
Živa Žena
20
This is a question from my wife who make a fortune with memes 😂😂 About the Migration and Tokens: 1. How will the old tokens be migrated to the new $LGCYX network? What is th...
🍿 °anton°
2
What is the Dex situation? Agora team started with the Pnetwork for their dex which helped them both with integration. It’s completed but as you can see from the Pnetwork ann...
Ben
1
Anyone knows where there are some instructions or discort about failed bridge transactions ?
Jochem
21
@lozuk how do I get my phex copies of my ehex from a atomic wallet, to move to my rabby?
Justfrontin 👀
11
Hello, Is iExec also part of the "inception program" or another one ? Would it be a name to qualified the nature of the relationship between iExec and Nvidia? And does Secret ...
Ñïķøłäś
8
Ready for some fun AND a chance to win TKO Tokens? Join us for exciting minigames in our Telegram group! 🕒 Don’t miss out—games start on today 25 October 2024, at 8 PM! Ge...
Milkyway | Tokocrypto
255
any reference of this implementation?
BitBuddha
29
Also, why can’t the community have a vote/ say when it comes to initiatives like buybacks. Isn’t the point of crypto decentralisation? Don’t we deserve input as long term supp...
👨🏽‍🦰
13
Hi guys, any problem with Pulsebrige? Trying to transfer from wETH to ETH. First it tells me to connect my metamask "through mobile app" not desktop. Then I did and confirmed ...
Snowflakecrypto
13
Карта сайта