Best wallet for altcoins ? - page 9.

Sebas.tian

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Quote

I think there are 2 best wallets for altcoins, Trust wallet and Safepall, yes these two wallets are really very user friendly,
so many new traders and someone who is new to the world of crypto currency will be very easy to use this wallet,
but if you want to download 1, then my suggestion is Trust Wallet.

I think, those two wallets you mention are the best wallets you can store your altcoins without fear of scammers. For trust wallet, tested and trusted for long term traders and short term traders compared to other altcoins wallets that is very easy for scammers to have access to their altcoins in their wallet. Safepal wallet is another wallet that is well secure for altcoin investor to use to hold their coins during the bearish season for them not to experience losses from the market. But, don't forget to write down your seed phrases, because it will really help you to recover your altcoins back whenever you misplace your phone or laptop.

erep

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Quote from: virasisog on August 18, 2022, 02:34:56 PM

If you prefer security, then buying it will still be worth it so just in case you'll decide to maximize your assets and investments, and would want to hold them for a long-term basis, you could store them safely. It's still an advantage if you'll have a hard wallet aside from online wallets because hacking in exchanges can occur even in the most unexpected times so better be safe than sorry.

For long term investment you can keep it in hardware due to privacy and security factor for owned assets, you can add some potential coins for long term profit without worrying about hacking, because so far no hacking cases have been reported by hardware users. However, the post above can be considered for choosing the type of hardware wallet but I chose the Trezor One among other types.

virasisog

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Quote from: pawanjain on August 18, 2022, 10:51:51 AM

Quote from: Maus0728 on August 15, 2022, 11:51:18 PM

Quote from: pawanjain on August 15, 2022, 10:36:51 AM

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

Actually the thing is that I am kind of double minded whether to hold the altcoins for a long term or not.
Someone told me that we shouldn't be holding altcoins for a long term and keep taking profits along the way.
So in that case I would want to hold it in a non custodial wallet. Hardware wallet is good for long term ofcourse.
But if I am not holding big amounts then do you think buying a hardware wallet is worth it ?
Let's say the amount is not more than $1500 or so.

If you prefer security, then buying it will still be worth it so just in case you'll decide to maximize your assets and investments, and would want to hold them for a long-term basis, you could store them safely. It's still an advantage if you'll have a hard wallet aside from online wallets because hacking in exchanges can occur even in the most unexpected times so better be safe than sorry.

bitbollo

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Nec Recisa Recedit

I have used Atomic wallet because it Is an easy solution for saving several coins with the same seed/passphrase.
However for larger amounts I Will trust solution off-line/ created with official wallets... Of course never trust exchanges for that kind of storage ...

Chainsmokers

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Activity: 1372

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I think there are 2 best wallets for altcoins, Trust wallet and Safepall, yes these two wallets are really very user friendly,
so many new traders and someone who is new to the world of crypto currency will be very easy to use this wallet,
but if you want to download 1, then my suggestion is Trust Wallet.

pawanjain

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Nothing lasts forever

Quote from: Maus0728 on August 15, 2022, 11:51:18 PM

Quote from: pawanjain on August 15, 2022, 10:36:51 AM

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

Actually the thing is that I am kind of double minded whether to hold the altcoins for a long term or not.
Someone told me that we shouldn't be holding altcoins for a long term and keep taking profits along the way.
So in that case I would want to hold it in a non custodial wallet. Hardware wallet is good for long term ofcourse.
But if I am not holding big amounts then do you think buying a hardware wallet is worth it ?
Let's say the amount is not more than $1500 or so.

DevFile90

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Activity: 227

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I used Metamask for airdrop and I use trust wallet to store my favourite coins and tokens, the problem is not all coins are available on trust wallet for example Ecash, I was forced to use another wallet for the projects that aren't available on Trust wallet.

nicolas1979

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Quote from: pawanjain on August 15, 2022, 10:36:51 AM

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.

Crypto users certainly understand which wallet is the best to use to hold altcoins. It can even be used as a single wallet with all blockchain systems. We can store Bitcoin in core wallet, but cannot store altcoins. We can store ERC, BEP, Polygon etc in Ethereum wallet, but not with Tron blockchain. In this case the most appropriate alternative is TrustWallet. TrustWallet can store all coins, tokens. It's just that currently TrustWallet can't store Hydra.

zasad@

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The best wallet is a hardware wallet like Ledger or Trezor. They are compatible with the official wallets of many projects. And your seed phrase should be in a place where you have time to sober up or regain your sanity before you get to it in order to pass it on to another person or use it on another site.

Lubang Bawah

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I think all Altcoins wallets are good, but because we underestimate the small things, the wallet that we install can be easily hacked, before clicking the link, we must look at it manually, for example copy the link address and then pay attention, usually the evil program has a common extension such as. exe and so on.

Jeger.Kiting

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To store Bitcoin or Altcoin seems to be widely available everywhere depending on what you choose and want, but for me personally when storing crypto assets, maybe I am more comfortable using the MetaMask wallet because I think it is very easy to store crypto and MetaMask This application is also available on playstore so it's very easy for me to do what I need, if I leave the house just use android, and since then till now I use MetaMask without any problem.

bitcampaign

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I don't recommend anything from what I use, but I'm just sharing what I use to store my altcoins in my wallet, I only use trustwallet and it's very safe in my opinion especially now that I'm also interested in using a Bitkeep wallet it also makes it easier for me to store and as a portfolio too

tbct_mt2

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You can use wallet of each project or use multiple token wallet but it should be non custodial wallet. You must own key or seeds of your wallet to control the token you have.

If it is tokens, I think best wallets are Myetherwallet, Metamask, Trust wallets. They are good for multiple chains too. They are non custodial wallets and you can customize gas for your transaction too.

samuraijin

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Quote from: pawanjain on August 15, 2022, 10:36:51 AM

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.

Doesn't Blockchain already support several altcoins and many changes from the features provided I think it's enough to store them there, or use Trust Wallet, and it's quite safe to put your altcoin assets there, if the longer you put your assets on the exchange it's really a big risk , according to me..

FirmWars

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Quote from: BlaBlaGame.io on August 16, 2022, 05:27:16 AM

I would definitely recommend to use Trust Wallet since it's official decentralized wallet by Binance, and I've never had any issues with security using this solution. Though I had an incident with Ledger since lots of malware is created for this hardware wallet.

Who told you that Trust wallet is a decentralised wallet? That's a wrong information sir Trust wallet belongs to binance exchange and its a centralised platform, they are trusted but they aren't decentralised in any way.

vv181

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Quote from: pawanjain on August 15, 2022, 10:36:51 AM

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 can't name any trusted multi-coin software wallet. Surely the easiest way is to choose a hardware wallet that supports many cryptocurrencies, but if you don't wanna go that way, Exodus is a bad option.

Quote from: pawanjain on August 15, 2022, 10:36:51 AM

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.

It depends on yourself. If you wanna go the easy and simple route, then use a hardware wallet! but if you are still forced to use a software wallet, look like you better have to install many altcoins wallet to store your funds instead of wallets like Exodus or Trust Wallet.

After all, if you are seeking the "best" wallet, a hardware wallet is the only way to go. It is convenient and secure.

BlaBlaGame.io

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I would definitely recommend to use Trust Wallet since it's official decentralized wallet by Binance, and I've never had any issues with security using this solution. Though I had an incident with Ledger since lots of malware is created for this hardware wallet.

Jawhead999

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1. Exodus wallet is closed source and not recommended if you hold coins worth more than $100, it's better if you use hardware wallet e.g. Ledger which will prevent from hack or online attack.
2. It depends on you, if you're not comfortable to use many wallets due to higher chance of forget the wallets, then you can use one hardware wallet. Honestly it just help you to gain better privacy and minimize the risk of losing it all when you lost your private key, nothing aside that.

CryptoATM

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Atomic wallet and Trust wallet are fine, just make sure you aren't into clicking links and claiming free stuffs, this is mostly how people get hacked this days, for free stuff create another separate wallet for it.

MarjorieZimmermanGinger

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I've used a lot of wallets while here, and decided to use Trust Wallet up until now, which I want to say this way.
That everyone must have different experiences, so they decide to use something based on their needs that they think is safe, in this case it is difficult to trust which wallet is safe to use in the long term, and based on some observations, at least Trust Wallet is worth a try

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