There’s a new sophisticated malware in town, pay attention and do this now

As reported by Cointelegraph, there’s a new, relatively sophisticated malware available in the dark web (for sale) for as little as $140. It specifically targets browser extention wallets, including Metamask and Coinbase Wallet, and it’s capable of infecting every and any browser except for Opera. Yes, unfortunately that means that even Brave users could be affected.


That’s not the end of the bad news because it reportedly also attacks Authy, one of the most popular 2FA apps. The malware is capable of hijacking your keys while also deleting any evidence of its presence in the aftermath.


The good news is there are two or three things you should be doing that can help tremendously. First, ideally, your wallet and your 2FA app should be kept separate, in different devices, for extra safety. Also, be super extra careful with links and pages that look sketchy. Lastly, I personally absolutely second and feed my paranoia when it comes to online security, it’s better to be paranoid when it comes to these things.



I’ve crossposted this article on readcash, LeoFinance and Publish0x, a social media platform that pays you small amounts to create and/or read content. You need to sign up but it’s 100% free.

Bitcoinea is unsponsored and independent. If you like the content please subscribe to the WordPress website, follow on Instagram it helps a bunch. Also, if you want to support the website with Crypto, any donation in Eth (or any other Ethereum-based token), Btc, Nano, Xmr, is highly appreciated (see address below) Thank you.

Eth: 0xF8D5df20ed7B80624B02F21661DD0Fd57bf27F0D

Xmr: 8BZ1CtEoQsu1AekeSRmum5Y9o15RGjnbGbY34EertEYxYtXLsTwsH4bHQQrDf1Azz2du9h6NucR5aTxtMHpKRH38QhCkDu6

Btc: bc1q40wwu2qshpwkpurtyyrhs5t3kq0szrfjlyzmku

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Exchange vs Wallet: PROs and CONs

I gotta be honest with y’all, the ‘not your keys, not your coins’ mantra is absolutely important. It’s useful. You must know that, you must remember that. But if you’re new to crypto, and I’m assuming the goal we want to achieve is to get as many people on board as possible, exchanges are much better because they’re faster (in terms of user experience, not in terms of transaction speed), and easier to use. I thought it would be interesting to put together a list of PROs and CONs about Exchanges and Wallets, and list the major differences.


Exchange: PROs


The biggest advantage of an exchange is that it is user-friendly and much better if you’re new to crypto. There’s no doubt. Ask anyone that’s never owned or dealt with crypto before to download Metamask and they’ll be like ‘what the heck is that?’, ask them to download Coinbase and they’ll be like, “okay, it seems easy enough.”


Another major advantage is that exchanges generally allow you to convert between coins and tokens that operate on different blockchains, that’s because these transactions happen off-chain. Imagine having to transfer ETH from Exchange A to Exchange B, it’d cost so much in fees and it’d be relatively slow. Whereas if you convert that ETH into, say, Algorand, (provided both Exchanges support Algorand of course) before you send it the transaction will be instantaneous, and basically free, and 30 seconds later you can convert it back to ETH on the new exchange you send funds to. The third advantage I can think of is that you can easily top up and withdraw funds from your account. You can do that with wallets as well, but it’s usually a bit more complicated.


Exchange: CONs


The main issue with exchanges is that it is, technically speaking, true: you don’t own your coins. The exchange can be hacked, it can go bankrupt, etc. Obviously, this is a much bigger risk if you’re dealing with a dodgy exchange, whereas major exchanges such as Coinbase or Binance are usually well preotected and provided you use a complex password, 2FA, etc, your funds should be safe. But it is true, they’re not technically yours, and they’re not theoretically 100% safe.


The second most important disadvantage I can think of is that exchanges do not, generally speaking, provide true DeFi services. Most exchanges provide some form of ‘Earn’ products and some even allow you to stake, but it’s not 100% decentralised.


Wallets: PROs


The biggest advantage with wallets, by far, is security. If you can learn your seedphrase by heart, it is virtually impossible for anyone to gain access to your wallet. There’s no way anyone can ever do that, short of forcing you to give up your keys (ie, by force), it just can’t be done.


Another major advantage is that with wallets your financial experience is truly decentralised, allowing you full access, and control, over your funds and the things you can do with them.


Wallets: CONs


I can think of two major drawbacks. One, and this is quite obvious, if you lose your private keys and seedphrase, no one can help you. It’s important to understand this because I know that most people on this website already know this, but newcomers generally don’t, and it takes some time to process the information. And then two, should you choose to cash out and withdraw your funds, for any reason, there’s no doubt that is much easier to achieve with exchanges, some even offer debit cards, whereas you can’t really do that with wallets.


Do you normally use wallets or exchanges? I use both. If there’s anything you wanna add to the list, do let me know in the comments. Thank you.



I’ve crossposted this article on readcash, LeoFinance and Publish0x, a social media platform that pays you small amounts to create and/or read content. You need to sign up but it’s 100% free.

Bitcoinea is unsponsored and independent. If you like the content please subscribe to the WordPress website, follow on Instagram it helps a bunch. Also, if you want to support the website with Crypto, any donation in Eth (or any other Ethereum-based token), Btc, Nano, Xmr, is highly appreciated (see address below) Thank you.

Eth: 0xF8D5df20ed7B80624B02F21661DD0Fd57bf27F0D

Xmr: 8BZ1CtEoQsu1AekeSRmum5Y9o15RGjnbGbY34EertEYxYtXLsTwsH4bHQQrDf1Azz2du9h6NucR5aTxtMHpKRH38QhCkDu6

Btc: bc1q40wwu2qshpwkpurtyyrhs5t3kq0szrfjlyzmku

Nano: nano_3931o9kgduoqpt6wi6148dbooj8458wzi6djqkiocyqkkfyus71agxbtzg13

Doge: DD7use8x8Zw37XumJcwQxfkiqYR4eo5pjF


Use this link to get a discount on Undone Watches

Use this link to get a discount on your first Glovo order

Use this link to get up to $250 in crypto on your first deposit on BlockFi

Use these links to get free crypto on your deposit Coinbase or Binance

Use this link to get free diamonds use my CoinmarketCap code