Topic: Best wallet for altcoins ? - page 10. (Read 1511 times)
Many wallets work in the market, but in my opinion the MetaMask wallet was the first browser extension like chrome and firefox and added android support. Recent revisions allow users to add money from other blockchains via the wallet's network feature. Metamask's wallet has advanced passphrase and HD backup settings while being free. Since metamask came out there haven't been any major hacks which shows that the company is working hard to stop one . Mobile and desktop wallets suit on the go consumers who make many transactions users must do their research to identify the best approach to storing altcoins and choose an appropriate wallet.
I only have one main wallet that is used to store potentially good bitcoins and altcoins. I prefer to avoid using multiple wallets to avoid mistakes when storing private keys. My main wallet uses a hardware wallet for better dual security. instead of using a mobile wallet that is still possible to be compromised or inserted malware. and the most determining security is the users themselves, as users we need to be vigilant and not ignore security.
Throughout the years I have just been holding bitcoin and ethereum in a non-custodial wallet but now I have decided to diversify my portfolio.
There are a lot of potential altcoins out there and I have picked up a few. Storing altcoins on an exchange id obviously not the right thing to do.
While I know that hardware wallet would be the best place to store altcoins I want to know other options as well.
Thinking about long term perspective.
1. For now, I have been thinking to store them on a non-custodial wallet but then again which wallet should it be ? My choice would be Exodus but let me know which one is best.
2. Would it better to store different altcoins in different wallets or decrease the hassle of maintaining different wallets and settle down with just one with all the coins.
There are a lot of potential altcoins out there and I have picked up a few. Storing altcoins on an exchange id obviously not the right thing to do.
While I know that hardware wallet would be the best place to store altcoins I want to know other options as well.
Thinking about long term perspective.
1. For now, I have been thinking to store them on a non-custodial wallet but then again which wallet should it be ? My choice would be Exodus but let me know which one is best.
2. Would it better to store different altcoins in different wallets or decrease the hassle of maintaining different wallets and settle down with just one with all the coins.
In my experience dude, I don't have a hardware wallet. The only wallet I've been using for several years since 2017 is the metamask wallet on my desktop. Until now, this is still what I use as long as the passwords are saved, and its private key is sure that it cannot be hacked. I also have other altcoins saved in the exchange on Binance, it's not that big, it's only about 10$-30$, and then it's just held there because I always use only Binance exchange to trade and convert profit to our fiat currency.
The beauty of this Metamask wallet is that you can use it in different networks such as ERC20, BSC, and MATIC, which was the only address in 2017 that was only ERC20 but now it has been increased. I also don't see anything wrong if you put it in different wallets as long as it's safe to use a wallet like this Metamask.
me too. maybe for purposes that are not too far away I use okex but for daily needs then wallets are still my favorite. and in the future hardwhare wallets might be an added value. new wallets always come, whether they are detained or not. I also feel when you want to experiment with a wallet as you feel. and maybe there is a picture when the thread testimony is like this. and I think you have curiosity and good prudence.
Throughout the years I have just been holding bitcoin and ethereum in a non-custodial wallet but now I have decided to diversify my portfolio.
There are a lot of potential altcoins out there and I have picked up a few. Storing altcoins on an exchange id obviously not the right thing to do.
While I know that hardware wallet would be the best place to store altcoins I want to know other options as well.
Thinking about long term perspective.
1. For now, I have been thinking to store them on a non-custodial wallet but then again which wallet should it be ? My choice would be Exodus but let me know which one is best.
2. Would it better to store different altcoins in different wallets or decrease the hassle of maintaining different wallets and settle down with just one with all the coins.
There are a lot of potential altcoins out there and I have picked up a few. Storing altcoins on an exchange id obviously not the right thing to do.
While I know that hardware wallet would be the best place to store altcoins I want to know other options as well.
Thinking about long term perspective.
1. For now, I have been thinking to store them on a non-custodial wallet but then again which wallet should it be ? My choice would be Exodus but let me know which one is best.
2. Would it better to store different altcoins in different wallets or decrease the hassle of maintaining different wallets and settle down with just one with all the coins.
In my experience dude, I don't have a hardware wallet. The only wallet I've been using for several years since 2017 is the metamask wallet on my desktop. Until now, this is still what I use as long as the passwords are saved, and its private key is sure that it cannot be hacked. I also have other altcoins saved in the exchange on Binance, it's not that big, it's only about 10$-30$, and then it's just held there because I always use only Binance exchange to trade and convert profit to our fiat currency.
The beauty of this Metamask wallet is that you can use it in different networks such as ERC20, BSC, and MATIC, which was the only address in 2017 that was only ERC20 but now it has been increased. I also don't see anything wrong if you put it in different wallets as long as it's safe to use a wallet like this Metamask.
Thinking about long term perspective.
I don't really get the point why you are opting for an alternative rather than settling with using hardware wallet especially if you are looking for longterm storage.Even though I'm aware that Ledger has had problems with client data being exposed and defective products being produced, they are still a viable alternative, especially if the altcoins you plan to store aren't all that well-known, which I hope they aren't. The only drawback is that Ledger is proprietary, which is a huge privacy red flag. As mentioned by these threads [1], you can also choose an open source hardware wallet.
Because I didn't have many altcoins to begin with, I have personal experience utilizing the Trezor One more regularly than my Ledger Nano S. But if you want to use alternatives like Monero (XMR), you must regrettably get the Trezor T because it is the only Trezor model that supports it. Additionally, third-party applications like Near or any other wallet-type application occasionally have issues with Trezor or may not be supported.
In the end, it largely relies on your preferences, how you want to use your wallet, and which cryptocurrencies you intend to store.
[1] https://bitcointalksearch.org/topic/list-open-source-hardware-wallets-5288971
Based on my experience, exodus is fine, atomicwallet is fine, trust wallet is fine.
Exodus IMO could be fine but I didn't agree with the Trust wallet, that's a close source wallet that seems not to be trusted.Just go for the hardware wallet that you may find it here, [BIG LIST] Hardware wallets (80+).
That's pretty safe than the software wallets that you've mentioned, as long as you keep the private key safe then, your assets must be safe too.
My second thought is, that altcoins aren't deserved to hold for a long term, they usually won't survive years as I've noticed, diversify them into Bitcoin if I were you is a wise decision.
Thinking about long term perspective.
Why are you still trying to look for software wallets if that's the case?Quote
1. For now, I have been thinking to store them on a non-custodial wallet but then again which wallet should it be ? My choice would be Exodus but let me know which one is best.
Exodus is closed source which means you never really know what goes on since it's only the team who has complete control of the codes. You have to put your complete trust into them that they won't make a mistake or f*ck up in the long term. Are you willing to take that risk? At least go for open source.Quote
2. Would it better to store different altcoins in different wallets or decrease the hassle of maintaining different wallets and settle down with just one with all the coins.
I think the benefit of having more wallets outweighs all the inconveniences like keeping multiple seeds.
Throughout the years I have just been holding bitcoin and ethereum in a non-custodial wallet but now I have decided to diversify my portfolio.
There are a lot of potential altcoins out there and I have picked up a few. Storing altcoins on an exchange id obviously not the right thing to do.
While I know that hardware wallet would be the best place to store altcoins I want to know other options as well.
Thinking about long term perspective.
1. For now, I have been thinking to store them on a non-custodial wallet but then again which wallet should it be ? My choice would be Exodus but let me know which one is best.
2. Would it better to store different altcoins in different wallets or decrease the hassle of maintaining different wallets and settle down with just one with all the coins.
There are a lot of potential altcoins out there and I have picked up a few. Storing altcoins on an exchange id obviously not the right thing to do.
While I know that hardware wallet would be the best place to store altcoins I want to know other options as well.
Thinking about long term perspective.
1. For now, I have been thinking to store them on a non-custodial wallet but then again which wallet should it be ? My choice would be Exodus but let me know which one is best.
2. Would it better to store different altcoins in different wallets or decrease the hassle of maintaining different wallets and settle down with just one with all the coins.
Hardware wallet is still the best in my opinion whether if its Ledger, Trezor, Safepal, SecuX, etc. I haven't tried Exodus or Atomic Wallet yet, but still hardware wallet is the most preferred choice for me. Wouldn't recommend Trust Wallet as it is still vulnerable to hacking.
Even if I haven't connected my Trust Wallet to my computer, it was still drained along with a couple of my Metamask wallet when I have accidentally clicked the fake PDF which is a malware. I've lost more than $12k back then. If I could have stored them in my hardware wallet, I would still be having those altcoins like ETH, EXRD, VRA, etc.
Based on my experience, exodus is fine, atomicwallet is fine, trust wallet is fine.
But if you want the best from these multicurrency wallets then your best choice is just to choose hardware wallets like Trezor or Ledger. I've been using Ledger just like everyone else and never had any problems just like the others.
Although it will based on the supported altcoins coz' some altcoins that you've got might not be there but you can read it on their website if they're supporting it or not.
Hard wallet is still ideal on where to save or put your cryptocurrency more safely, they are also adopting the market trend though of course you can’t see all altcoins on the hardwallet but at least is still a good and secured wallet for top coins. Trust wallet is my main wallet for Altcoins whenever I trade, its good and secured as well. Though some tokens have their own wallet, you just need to know that but if its about savings or investing for long term, I suggest to stay with the hardwallet. But if you want the best from these multicurrency wallets then your best choice is just to choose hardware wallets like Trezor or Ledger. I've been using Ledger just like everyone else and never had any problems just like the others.
Although it will based on the supported altcoins coz' some altcoins that you've got might not be there but you can read it on their website if they're supporting it or not.
Based on my experience, exodus is fine, atomicwallet is fine, trust wallet is fine.
But if you want the best from these multicurrency wallets then your best choice is just to choose hardware wallets like Trezor or Ledger. I've been using Ledger just like everyone else and never had any problems just like the others.
Although it will based on the supported altcoins coz' some altcoins that you've got might not be there but you can read it on their website if they're supporting it or not.
But if you want the best from these multicurrency wallets then your best choice is just to choose hardware wallets like Trezor or Ledger. I've been using Ledger just like everyone else and never had any problems just like the others.
Although it will based on the supported altcoins coz' some altcoins that you've got might not be there but you can read it on their website if they're supporting it or not.
Thinking about long term perspective.
1. For now, I have been thinking to store them on a non-custodial wallet but then again which wallet should it be ? My choice would be Exodus but let me know which one is best.
I have been using exodus for years and i never encounter a serious problem with it. I prefer to use it rather than another wallet like trust wallet, mycellium or something else. I do like the security of this wallet.1. For now, I have been thinking to store them on a non-custodial wallet but then again which wallet should it be ? My choice would be Exodus but let me know which one is best.
2. Would it better to store different altcoins in different wallets or decrease the hassle of maintaining different wallets and settle down with just one with all the coins.
Yes it would. The main concern is when your wallet got compromised or hacked and then you shall not worry if all of your funds will be affected. I were always storing different altcoins in the different wallet with different seedphrase or privatekey to counter when sometime my wallet got hijacked. 
Throughout the years I have just been holding bitcoin and ethereum in a non-custodial wallet but now I have decided to diversify my portfolio.
There are a lot of potential altcoins out there and I have picked up a few. Storing altcoins on an exchange id obviously not the right thing to do.
While I know that hardware wallet would be the best place to store altcoins I want to know other options as well.
Thinking about long term perspective.
1. For now, I have been thinking to store them on a non-custodial wallet but then again which wallet should it be ? My choice would be Exodus but let me know which one is best.
2. Would it better to store different altcoins in different wallets or decrease the hassle of maintaining different wallets and settle down with just one with all the coins.
There are a lot of potential altcoins out there and I have picked up a few. Storing altcoins on an exchange id obviously not the right thing to do.
While I know that hardware wallet would be the best place to store altcoins I want to know other options as well.
Thinking about long term perspective.
1. For now, I have been thinking to store them on a non-custodial wallet but then again which wallet should it be ? My choice would be Exodus but let me know which one is best.
2. Would it better to store different altcoins in different wallets or decrease the hassle of maintaining different wallets and settle down with just one with all the coins.
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