I usually use Myetherwallet contain token from airdrop, sometimes use waves wallet.
Topic: Altcoin Wallets (Read 412 times)
What type of wallet are you using? mostly and almost all use wallet that is ERC-20 format where as most of the coins produced are in the said format. It is true that keeping your coin in an exchange site risks it and you should transfer it fast. For safe keeping, use wallets which are popular like MyEtherWallet. As of my experience, even the new coins this year is in the same format which MEW can access.
My friends and I are sure that MEW is the most suitable wallet for altcoins. It's easy in work, security is good too, and the speed of doing moves with money quite fast.
I am for the MEW at all. It is very comfortable wallet and its potential is quite promising. The speed of this wallet is good too so I do not see doubts.
Everything works online can be at risk from hackers. Whatever wallet we have if hackers have the chance to open it, our wallet would be compromised. As of now, I am using MEW and iMtoken as they are the wallets mostly accepts those new existing ERC20 tokens in the market. So far, I dont have any difficulties on using them.
There are several wallets that actually supports different altcoins depending on which blockchain they are launched respectively.. However, amongst all, Erc-20 wallets have gained prominence over the others. For them, there are both hardware and software wallets; the latter has been widely used based on the fact that no extra charges needed to get any software wallet. We have the likes of MEW, METAMASK, ImToken and co. Thou, they may be susceptible to phishing attacks, they have been serving many people.
Leaving one's token on an exchange wallet for me is a very bad idea. I can never resort to that. Many will even indicate that any token kept in their wallets at owners risk.
Leaving one's token on an exchange wallet for me is a very bad idea. I can never resort to that. Many will even indicate that any token kept in their wallets at owners risk.
Hey all. To those of you that own altcoins and store them in wallets, how do you make sure the wallet you google is legit? Example there are over 1000 coins available on coinmarketcap.
Let say you buy 10 different coins on bittrex and binance. Let say they are not compatible with your hardware wallet such as ledger nano s or trezor. Thus you have to download the actual wallet itself or keep it on an exchange. There is a thread here where ppl say don't keep your coins in an exchange because its not safe. First off, if you keep your coins in the most legit exchanges say bittrex or binance... is that generally safe from hacks? Now what if you have 2FA on it as well. Is that safe enough or not? Someone mentioned if you have 2FA on it, then thats good enough.
Now in terms of altcoin wallets, do you people who own say altcoins that you cannot store in a hardware wallet all download the actual wallet for that specific coin? But how to make sure that wallet is 100 percent legit? Example say its bluecoin or greencoin to make it simple. You can't put those coins in nano ledger s or trezor. Then where do you store these coins? I think it would be really annoying having to download all these wallets for every coin you own that isn't allowed on a hardware wallet.
Doesn't matter how reputed an exchange is, it is never safe to store your coins in an exchange wallet. No matter how much they say that they are secured, they are always prone to getting hacked anytime. Again the exchanges might go down temporarily when you need your coins most, thus having no access to your wallet. To know if that wallet is legit or not, always download from their official website and make sure you are downloading from the right website and not getting phished. Let say you buy 10 different coins on bittrex and binance. Let say they are not compatible with your hardware wallet such as ledger nano s or trezor. Thus you have to download the actual wallet itself or keep it on an exchange. There is a thread here where ppl say don't keep your coins in an exchange because its not safe. First off, if you keep your coins in the most legit exchanges say bittrex or binance... is that generally safe from hacks? Now what if you have 2FA on it as well. Is that safe enough or not? Someone mentioned if you have 2FA on it, then thats good enough.
Now in terms of altcoin wallets, do you people who own say altcoins that you cannot store in a hardware wallet all download the actual wallet for that specific coin? But how to make sure that wallet is 100 percent legit? Example say its bluecoin or greencoin to make it simple. You can't put those coins in nano ledger s or trezor. Then where do you store these coins? I think it would be really annoying having to download all these wallets for every coin you own that isn't allowed on a hardware wallet.
The hardware wallet is the best for securing tokens, but we might have some coins that do not support the hardware wallet which you are currently using, which means there will be a need for software/App wallet, I think you should get yourself a safest wallet which is popular and free from hacking.
I always prefer the hardware wallet but if you need to use a software wallet than I will suggest you to go for popular wallets. This will lessen your risk of being hacked.
www.slate.io just launched their wallet!! Super secure multisig network
Actually you can download from their official website so that you can get legit wallet also for security you can scan with antivirus so can be safe also you can avoid public wifi so you can safe from hackers also based on this we need to aware of the securities purpose.
I combine Myetherwallet and Metamask to make my money safe. I use wallet for storing my token from bounty and I think that I don't needed to buy Hardware wallet but maybe In the future I will needed.
This times, There are some very good 3rd party software provided by the 3rd party, bitcoin support and lots of altcoin!
You can use: Coinomi wallet, Jax wallet!
You can use: Coinomi wallet, Jax wallet!
thats good enough. It is being worthy much day by day. never had a problem with it so far, Being hacked once makes you kinda paranoid so better safe than sorry.
I know it's kind of frustrating that some coins cannot be stored using a hardware wallet, but we have to play by the rules. If you really want to know if your wallet that you are going to download is legit, you must first go visit their official website or you could search their official thread here in Bitcointalk.org because most coins tend to have a thread here that have all the necessity that you need. About storing your coins in some big exchanges, it is still not safe even though you have 2FA on because the bigger the exchanges, the more likely it will get hack and lose your funds in the process.
I'm just using myetherwallet to store any ETH based altcoins, never had a problem with it so far. Store any big holdings offline.
wallet is the your main store house for storing your bit coins you can install them from their official sites it offers the best security to keep your coin safely , but the problem is there is lot of option so it bit hard to choose which will be better so for this you must know what kinds of facilities you want then you can choose it as per your need
The best way to keep the coins safe if to store them in a wallet. It keeps the coin safe from hackers and makes it easy for the user to transfer the coins. keeping it in exchange sites is a risk a hacker can steal from there. But it is necessary to choose a wallet which provides most security and all the other facility.
I use MyEtherWallet for ERC20 tokens and dedicated wallets for coins that are non-ERC20. Like the dedicated QT wallets for Windows, Daedalus for Cardano and SimplEOS for EOS and tokens. I always use 2FA and have a password manager so I use different random passwords for all the (online) services I use. I try to keep my security as top notch as possible. Being hacked once makes you kinda paranoid so better safe than sorry.
That's an interesting post. But either you can store your coins in online wallets or the hardware wallets. Many likes to use the wallet in the official website.
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