Cry
Crypto Wallets
Topic
N/A
Accuracy
Recent Predictions
Incorrect: 0
Pending: 36
Unrated: 0
Prediction
Author
Predicted at
Status
Video
Modern crypto wallets are user-friendly, providing effortless control over funds and embodying financial freedom.
"Modern wallets are remarkably userfriendly making the process virtually effortless Plus there's no b..."
May 27, 2025
Pending
There is speculation that crypto wallets like Phantom, having raised significant capital, might eventually airdrop a token to incentivize user adoption and interaction with their Web3 dApps.
"crypto wallets like Phantom raising hundreds of millions of dollars has led to speculation that they..."
Mar 19, 2025
Pending
The number of cryptocurrency wallets is projected to grow from 516 million to over 1 billion in the current cycle.
"this cycle as we go from 516 million wallets to I think a billion and Beyond in this cycle alone"
Dec 19, 2023
Pending
Browser and mobile crypto wallets offering fiat ramps, swapping, or dapp/DeFi connectivity may be classified as brokers and required to collect KYC in the US.
"Translation any personal crypto wallet that offers access to a crypto to Fiat ramp offers any kind o..."
Sep 3, 2023
Pending
Crypto wallets offering services like fiat on/off ramps, cross-chain swaps, or dApp/DeFi connectivity may be designated as brokers.
"Recall that providing access to any services including crypto to Fiat on and off ramps cross-chain s..."
Sep 3, 2023
Pending
The future of cryptocurrency is predicted to be multi-chain.
"by now it is obvious that the future of crypto is multi-chain"
Aug 22, 2023
Pending
Wallets are expected to adopt multi-chain functionality, similar to Phantom.
"this is likely to change as more wallets enable multi-chain functionality like Phantom"
Aug 22, 2023
Pending
All crypto wallets should mandate users write down their private seed phrase before initial use.
"all crypto wallets should essentially force their users to write down their private seed before usin..."
Aug 22, 2023
Pending
Slightly more than half of the analyzed crypto wallets offer hardware wallet support.
"just over half of the wallets the authors analyzed provide Hardware wallet support"
Aug 22, 2023
Pending
The addition of more features to crypto wallets increases the likelihood of hacks or exploits.
"increasing wallet features inevitably increases the chance of a hack or an exploit"
Aug 22, 2023
Pending
Extension wallets typically lack cross-chain swapping functionality.
"extension wallets generally lack this functionality [cross-chain swapping]"
Aug 22, 2023
Pending
39 out of 45 analyzed crypto wallets may be vulnerable to exploits and hacks, as only 6 underwent penetration testing.
"meaning it's possible that 39 are vulnerable to exploits and hacks"
Aug 22, 2023
Pending
Open sourcing crypto wallet code does not guarantee their security.
"the first is that open sourcing the code to crypto wallets does not guarantee security"
Aug 22, 2023
Pending
Most crypto wallets forgo audits in favor of bug bounty programs.
"the second is that most crypto wallets skip doing Audits and instead offer bug bounties"
Aug 22, 2023
Pending
Hardware wallets do not enhance the security of the underlying software.
"the third is that Hardware wallets do not improve the security of the software"
Aug 22, 2023
Pending
Larger crypto wallet companies generally invest more in security, but some fall short of adequate investment.
"the final highlight is that larger crypto wallet companies invest more in security but some don't se..."
Aug 22, 2023
Pending
Desktop wallets scored 48/100, mobile wallets 51/100, and extension wallets 58/100 in a security assessment.
"desktop wallets scored 48 out of 100 mobile wallets scored 51 out of 100 and extension wallets score..."
Aug 22, 2023
Pending
MetaMask holds the top four spots in rankings due to its deployments across various browsers and devices.
"as a result metamask has the highest ranking of any wallet and because the authors included deployme..."
Aug 22, 2023
Pending
Crypto wallets can improve their security scores by conducting regular audits and penetration tests, though this is costly for desktop and mobile wallets.
"wallets can improve their scores by undergoing regular Audits and penetration tests which would be v..."
Aug 22, 2023
Pending
Wallet popularity generally correlates with increased security measures.
"the more popular the wallet the more security measures it tends to take"
Aug 22, 2023
Pending
No significant security differences exist between fully and partially open-source crypto wallets.
"there aren't significant security differences between fully open source and partially open source cr..."
Aug 22, 2023
Pending
Fully open-source crypto wallets carry a considerably higher risk of being hacked.
"fully open source wallets have a quote considerably higher risk of getting hacked"
Aug 22, 2023
Pending
Open-source wallets had an average incident rate of 13.87%, while closed-source wallets had a slightly higher rate of 18.48%.
"open source wallets showed an average incident rate of 13.87 while closed Source wallets had a sligh..."
Aug 22, 2023
Pending
Third-party bug bounty programs are generally more effective than in-house ones.
"bug bounties run by Third parties tend to be more effective"
Aug 22, 2023
Pending
4 out of 9 wallets with internal bug bounties had incidents, compared to 1 out of 14 wallets with third-party bug bounties.
"four of the nine crypto wallets that ran their own bug Bounty experienced a security incident wherea..."
Aug 22, 2023
Pending
Software wallets with hardware compatibility are only marginally safer than those without.
"software wallets which offer Hardware compatibility are only marginally safer than software wallets ..."
Aug 22, 2023
Pending
Under 5% of hardware-compatible software wallets experienced user fund loss, versus nearly 17% of software wallets without this feature.
"less than five percent of software wallets with Hardware compatibility saw users lose their funds co..."
Aug 22, 2023
Pending
While a hardware wallet doesn't prevent hacks, it nearly guarantees no crypto loss if an exploit occurs.
"a hardware wallet doesn't guarantee that the wallet won't be hacked or exploited but it almost guara..."
Aug 22, 2023
Pending
Desktop and extension wallets provide insufficient information regarding cryptocurrency transactions, particularly when sending.
"desktop wallets and extension wallets do not give enough information about crypto transactions speci..."
Aug 22, 2023
Pending
Most wallets facilitate easy fiat-to-crypto conversion but make crypto-to-fiat conversion difficult.
"it's extremely easy to convert your Fiat to crypto in most wallets but extremely difficult to conver..."
Aug 22, 2023
Pending
The number of features in a wallet is not strongly correlated with a lack of security.
"the number of features isn't all that correlated to a lack of security"
Aug 22, 2023
Pending
Crypto wallet developers should regularly conduct audits and penetration tests, and consider third-party bug bounties.
"crypto wallet developers need to run Audits and penetration testing on a regular basis and consider ..."
Aug 22, 2023
Pending
The most popular crypto wallets are generally the most secure, but exceptions exist.
"the more popular the crypto wallets tend to be the most secure but there are exceptions"
Aug 22, 2023
Pending
Users should store crypto not actively traded on a hardware wallet.
"keeping any crypto you're not actively trading on a hardware wallet of some kind"
Aug 22, 2023
Pending
Users should revoke permissions for apps and dapps when not actively using them.
"always revoke permissions when you're not using an app or dab"
Aug 22, 2023
Pending
Continuous monitoring of crypto news is necessary due to the imperfect security of even the most popular wallets.
"you constantly need to keep up with the crypto news"
Aug 22, 2023
Pending