Non-custodial: wallet users has the private keys and has complete control over their wallet and funds
Custodial: wallet providers has the private keys and has control over your funds
CoinsPh | Abra | |||
| ________________________________________________ | _________________ | ______________________________ | ||
| Wallet service | custodial | non-custodial | ||
| KYC verification | Yes (tier 2 above) | No | ||
| Native coins | Btc, Eth, Xrp, Bch | Btc, Eth, Ltc, Bch | ||
| No. of supported crypto | 4 | 31 | ||
| Can link to bank accounts? | Yes | Yes | ||
| Current no. of cash in outlets (other than banks/ATMs) | 13+ | 6 pawnshops (plus 7-eleven) | ||
| Current no. of cash out outlets (other than banks/ATMs) | 7+ | 6 pawnshops |
Yes, tama ka na napakagandang pag-usapan ang dalawang iyan. Marahil may mga kasamahan tayo dito na di alam ang tungkol sa Abra na sa aking palagay ay mas mainam gamitin kesa coinsph in terms of security and privacy.Marami pa talaga. Nung nag-umpisa ako, wala din ako masyadong alam tungkol sa security ng coinsph.
Coin.ph is doing well with it's services that's why users are still complacent when it comes to their security. Some are even lazy to jut down private keys or seed phrase.Coinsph don't have a 24/7 support but I agree that they have a decent service. It's quite unfortunate though that people are over reliant on them. I'd also like to add that unlike other custodial wallets, I have not heard anything about them withholding users funds.
It was good for Abra to add 7-eleven for cash -in option but for them to catch up, they need to step it up a notch and add more cash out outlets. It's what they're really missing.
mas pabor saken ang ABRA . ikaw mismo may hawak ng private key mo .walang third party . at lubos namang mas safe kesa coins.ph , sa pag withdraw may bank transfer na ren .. kaya mas ok to ;D ;D ;D ;DMatagal mo na bang ginagamit ang Abra? Hindi ba thirteen words ang seed phrase nyan? Pwede kaya siya ma-import sa ibang wallet providers kagaya ng mycelium, coinomi, at iba pang non-custodial mobile wallets na ang standard ay twelve o twenty four words?
mas pabor saken ang ABRA . ikaw mismo may hawak ng private key mo .walang third party . at lubos namang mas safe kesa coins.ph , sa pag withdraw may bank transfer na ren .. kaya mas ok to ;D ;D ;D ;D
di ko alam na may mas maganda pa pala sa coins.ph.mas pabor saken ang ABRA . ikaw mismo may hawak ng private key mo .walang third party . at lubos namang mas safe kesa coins.ph , sa pag withdraw may bank transfer na ren .. kaya mas ok to ;D ;D ;D ;D
Hi! Magkano ang transaction fee na kinukuha nila kapag mag-cashout, let's say Php50,000?
Despite being a non-custodial wallet, Abra seems to be way behind CoinsPh (na isang custodial wallet) in terms of number of users and popularity.
Para sa mga hindi pa nakakaalam, basic difference ng dalawa:QuoteNon-custodial: wallet users has the private keys and has complete control over their wallet and funds
Custodial: wallet providers has the private keys and has control over your funds
Hindi din nanghihingi ang Abra mismo ng KYC details unlike CoinsPH na kapag sumobra na sa minimum eh kailangan mo na magbigay ng karagdagang personal information.
Tignan natin mga posibleng rason kung bakit mas kilala ang CoinsPh among Pinoy crypto enthusiasts but let's take a look at the table below first:
________________________________________________ _________________ ______________________________ Wallet service custodial non-custodial KYC verification Yes (tier 2 above) No Native coins Btc, Eth, Xrp, Bch Btc, Eth, Ltc, Bch No. of supported crypto 4 31 Can link to bank accounts? Yes Yes Current no. of cash in outlets (other than banks/ATMs) 13+ 6 pawnshops (plus 7-eleven) Current no. of cash out outlets (other than banks/ATMs) 7+ 6 pawnshops
The table suggests na convenience ang dahilan kaya mas preferred pa din ng karamihan ang CoinsPh. Siguro pwede din natin isama yung superior marketing skills ng CoinsPh team at yung lack of knowledge ng iba pagdating sa security at privacy.
Please note na wala ako pinapaboran o sinisiraan sa dalawa. Naisip ko lang na maganda din itong pag-usapan. Share your thoughts at kung may gusto kayo idagdag na wallet, i-comment lang.
I already posted a similar topic in another forum
Mas sikat siguro ang Coins.ph dahil masipag sila gumamit ng advertisement then idagdag mo na rin ang referral earnings.
Isa sa tinitignan ko na dahilan is mas sikat ang coins.ph at pangmasa may technical support na incase of emergency may makakatulong sa issue about the wallet. Tbh di ko pa natry gamitin ang Abra until now pero gusto din naman subukan.