Topic: Best wallet for altcoins ? - page 7. (Read 1511 times)
Trust wallet is the wallet that I use to store all the altcoins I have so far, all of them can be stored there with one application, with that convenience it doesn't bother me to save too many phrase.
Dealing with numerous phrases will be too complicated, and having multiple wallets is not recommended from a security standpoint. My opinion is that managing your altcoins should be handled by a single multi-currency wallet. I choose to utilize Trust wallet since Binance owns it and they are a reputable company with a long history of success. If the value of my tokens increases too high, I might switch to Ledger because it is more simpler to move about with a hardware wallet than a software wallet or paper wallet due to security concerns.
Exodus is really a best choice as a non custodial wallet. But I will suggest to use Trust wallet as it's the most popular and well knowned wallet. Again it has a very user-friendly interface and much secured.
it is better to choose a decentralized wallet for coins and tokens at all. And better to choose a wallet which support 24 words seed instead of 12 words. i saw there are many complains that their wallets was hacked by someone. it is very important to keep your wallet address secretly. i mean it is better not to post wallet address on social medias how anyone can see it and confirms that wallet is belongs to you.
I think trust wallet is the best wallet right now because it is widely used, can store lots of coins from various networks, easy to understand, lightweight application. there may be other wallets like SFP wallet, door, etc. but less popular usually makes users less sure, it's okay if you want to try it. if you look at security I think they are the same, just how do we keep wallet access as good as possible.
for multichain wallets (altcoins) my favorite is exodus but for wallets that can store tokens based on the bsc network, eth my favorite is safepal. there are many wallets out there, stay focused on those that already have a good name and reputation, and don't use an untrusted and non-reputable altcoin wallet. 
Wallet storage for altcoins must choose a wallet that is safe for the long term because wallet security makes users comfortable, in fact there are many wallets available and quite safe so far I use a trust wallet to store some altcoin assets it is still very safe and convenient to use moreover there is a dapp which can be connected directly so that when we want to transaction on dex it is quite simple.
usually the favorite altcoin wallet is trustwallet, because there are many Dapps or dex that support wallet connect with Trust wallet, for example Sandbox, Binance, etc., of course that makes Trust wallet easy to use and of course safe, I am also a trust wallet user until now.
there is no problem in trust wallet that's what makes me comfortable, but if you want to be more secure buy a hardware wallet like Safepall or ledger
Many newbies like using new wallets that was built not too long ago with very less users reviews available online that's why they end up losing their funds, not all those new crypto wallets are safe haven for your coins and tokens, its very hard to survive on this space unless you learn the rightful things first.
Newbies simply put lack the experience to take the right decision to protect their coins, it is because of this that they should look for the opinions of people like us which have a lot of experience in the market and that have already made a lot of mistakes and that can help them to take a better decision based on that experience.But unfortunately many newbies try to skip that step believing that they know everything they have to know about the market, then they select the wrong wallet and eventually get scammed.
Wallet storage for altcoins must choose a wallet that is safe for the long term because wallet security makes users comfortable, in fact there are many wallets available and quite safe so far I use a trust wallet to store some altcoin assets it is still very safe and convenient to use moreover there is a dapp which can be connected directly so that when we want to transaction on dex it is quite simple.
Trustwallet is fine as you have said but many people doesn't like Trustwallet because of it being a close-source wallet unlike othwr wallet which is open-source and exodus is also a close-source wallet. I am also using Trustwallet for altcoins and also Bitcoin but for receiving only and then send it to another wallet. Anyway, it is up to you guys if you want to use it or not and speaking with experience, I didn't experience any problems with Trustwallet so, It's good to use if you don't have problem with wallet being a close-source type rather than open source.
I used trustwallet more than two years and keep safety with my assets holding, I think not any problem with trustwallet used for saving altcoin or bitcoin assets trough not connect with any dapp exchange market. Some problem why many people loss their saving assets in trustwallet because connecting with scam dapp exchange and have some cases because approve for selling duating token. Keep safety without any trouble hack cases if use trustwallet as saving place only without connecting to uknow dapp exchange market and never try for selling dusting token because you can loss all assets do you have. 
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.
Trustwallet is fine as you have said but many people doesn't like Trustwallet because of it being a close-source wallet unlike othwr wallet which is open-source and exodus is also a close-source wallet. I am also using Trustwallet for altcoins and also Bitcoin but for receiving only and then send it to another wallet. Anyway, it is up to you guys if you want to use it or not and speaking with experience, I didn't experience any problems with Trustwallet so, It's good to use if you don't have problem with wallet being a close-source type rather than open source. 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.
Many newbies like using new wallets that was built not too long ago with very less users reviews available online that's why they end up losing their funds, not all those new crypto wallets are safe haven for your coins and tokens, its very hard to survive on this space unless you learn the rightful things first.
Newbies are desperate and wants to know everything concerning the Crypto space within the reach of either a day or a week, and it's impossible. Newbies needs to pass through the normal strategy of crypto because one can bagged coins and stored in a wallet which haven't gain much popularity. The crypto and exchanges matters a lot in this aspect of trading. It's essential because it's basis brings the reason while the trader bags coins. Survival in the space was not easy but with accurate signals and legit tutorials, PDFS, one can boost about opening a positive trade.
Many newbies like using new wallets that was built not too long ago with very less users reviews available online that's why they end up losing their funds, not all those new crypto wallets are safe haven for your coins and tokens, its very hard to survive on this space unless you learn the rightful things first.
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.
There are many coins that produces wonderful returns after some months/years, main thing is to split your investment on coins wisely.
There are many stable coins produces decent profits like BTC and ETH.
Remaining altcoins are also produces great returns but it depends....
My portfolio contains:
> ETH
> Matic
> BTC
> Ape Coin
> Solona
I don't know weather this works or not but, I select based on some factors and made analysis over it....
You can use trust wallet, most of the people using trust wallet, i am also.Trust wallet is very popular and very trusted.Because i am using 4 years. I know trust wallet is very secure for another one. I have no doubt about trust wallet. But you can also use metamusk wallet, this wallet is more safe for altcoin.But remember now holding altcoin is very risky. Don't forget to try to hold on exchanges, exchange only for trading. If you want to use software wallet then metamask or trust wallet will be best.And if you want to use a hardware wallet, then no doubt about this because that's more good.
I don't know which coins you want to hold but in my opinion alt coins are too risky to hold now, still if you can analyze and invest and earn profit then you can invest on it even then it is too risky.
For this you can select metamusk, coinbase wallet, trust wallet for non-custodial wallet but to ensure more security you can use cold wallet. You can choose wallet from ledger . Even then if you are going to use hot wallet please store your private key in a secure place and also browse carely on that device to get free from hacker.
For this you can select metamusk, coinbase wallet, trust wallet for non-custodial wallet but to ensure more security you can use cold wallet. You can choose wallet from ledger . Even then if you are going to use hot wallet please store your private key in a secure place and also browse carely on that device to get free from hacker.
I normally use multi wallet supported wallet Trust wallet for altcoins . Because I don't hold a lot of altcoins. But I don't find trust wallets convenient for holding large amounts of altcoins. you must should use Hardware wallet . it will give you high protection for your Digital assets .
Just go for the hardware wallet that you may find it here, [BIG LIST] Hardware wallets (80+)
you can follow this hardware list which is already posted by sheenshane . from here you can choice a better hardware wallet yourself 
Mate, we should not store our coins for long time in exchange wallet, that is dangerous.
Up to date, there were many hacked / compromised cryptocurrency exchanges that caused many holders lose their money.
My recommendation is just using extension wallet such as metamask, it can be used for storing various altcoins such as Ethereum, Binance smart chain, polygon, etc.
Up to date, there were many hacked / compromised cryptocurrency exchanges that caused many holders lose their money.
My recommendation is just using extension wallet such as metamask, it can be used for storing various altcoins such as Ethereum, Binance smart chain, polygon, etc.
It's best to never think about storing our coins for a long time on exchanges, because as you said the risk of us losing our coins is very large
if we save on exchanges. After all, exchanges are very vulnerable to hacking, even Binance being the best exchange ever hacked. So storing coins
on exchanges is only for trading, even I always withdraw the profit I make when trading on exchanges. For me, a hardware wallet is the safest place
to store my coins for a long time. Saving on metamask is also pretty good, as I've been using metamask for a long time, but never had anything
bad happen.
The lesson of Mt.Gox is still there and not all exchanges have the ability to compensate users, it took Mt.Gox 7 years to compensate its victims. Storing assets on an exchange is much more dangerous when you deposit money in a government bank.
There is no better wallet than hardware wallet, I recommend OP to use your own hardware wallet, metamask wallet or trust wallet is still risky as it is an online wallet that can be hacked at any time.
Mate, we should not store our coins for long time in exchange wallet, that is dangerous.
Up to date, there were many hacked / compromised cryptocurrency exchanges that caused many holders lose their money.
My recommendation is just using extension wallet such as metamask, it can be used for storing various altcoins such as Ethereum, Binance smart chain, polygon, etc.
Up to date, there were many hacked / compromised cryptocurrency exchanges that caused many holders lose their money.
My recommendation is just using extension wallet such as metamask, it can be used for storing various altcoins such as Ethereum, Binance smart chain, polygon, etc.
It's best to never think about storing our coins for a long time on exchanges, because as you said the risk of us losing our coins is very large
if we save on exchanges. After all, exchanges are very vulnerable to hacking, even Binance being the best exchange ever hacked. So storing coins
on exchanges is only for trading, even I always withdraw the profit I make when trading on exchanges. For me, a hardware wallet is the safest place
to store my coins for a long time. Saving on metamask is also pretty good, as I've been using metamask for a long time, but never had anything
bad happen.
you can try myetherwallet but now there are so many altcoin wallets that can be used, even apart from the etherum network, the bsc network is also now a lot like metamask. you just need to choose the one you think is comfortable and easy to use.
Mate, we should not store our coins for long time in exchange wallet, that is dangerous.
Up to date, there were many hacked / compromised cryptocurrency exchanges that caused many holders lose their money.
My recommendation is just using extension wallet such as metamask, it can be used for storing various altcoins such as Ethereum, Binance smart chain, polygon, etc.
Up to date, there were many hacked / compromised cryptocurrency exchanges that caused many holders lose their money.
My recommendation is just using extension wallet such as metamask, it can be used for storing various altcoins such as Ethereum, Binance smart chain, polygon, etc.
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