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Proton Wallet (lemdro.id)

I just got access to Proton Wallet earlier today. Is there anything you’d like to know?

Q&A

  • I’m on a family plan and have been a paying customer for about 2/3 years.
  • I haven’t bought any Bitcoin yet but will report back on that once I have.
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[-] pathief@lemmy.world 13 points 3 months ago* (last edited 3 months ago)

I received my invite today as well (Portugal). Overall here are my first impressions:

  • Interface is very clean, but lacks a Dark mode
  • You can import wallets by seed phrase only
  • Buying bitcoins redirects you to a broker's website, it's not as seemless as I'd like. They ask you for all sorts of personal information, which I guess is industry standard, but it's a third party service
  • I tried making a 50 euro purchase, but after a few hours I got an email saying it was canceled, no reason provided
  • You can't sign messages to confirm the ownership of your wallet, which is required by some brokers
  • This service is marketed as exclusive to users in the Visionary plan. I'm in the Proton Unlimited plan. It's unclear what's going to happen to my wallet once this beta period is over. Am I going to lose access to my bitcoins? Some functionality? The Proton support just told me "Please be advised that Proton Wallet is only available for users on our Visionary plan at the moment", which doesn't fully clarify it.
[-] Zozano@lemy.lol 2 points 3 months ago

Being on whatever plan you're on shouldn't change anything on the back end.

All that's happening is they've set your account to have permission to access the service.

Even if they revoke your permissions, your data will still be on their servers.

[-] amju_wolf@pawb.social 1 points 3 months ago

They ask you for all sorts of personal information, which I guess is industry standard, but it’s a third party service

The reason is money laundering / tax evasion laws. There is not really a way to buy crypto anonymously without breaking laws.

this post was submitted on 21 Aug 2024
66 points (83.0% liked)

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