Topic: Best Wallet for Storing Altcoins? (Read 209 times)

As an altcoin trader i use the metamask app, it helps me to be able to switch within different network chains at relative ease and without dropping sweat.
chainlist.org provides me with every rpc networks, while @CheckMyTokenBot on telegram shares with me every token address details important before investing,
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If you are trading altcoins, send only your profits to ledger wallet

They are many wallet to used to store cryptocurrency, which I prefer using Trust wallet app and metamask to save Alt-coin for a future usage.

There is a difference between trading and holding.

You don't need a wallet for trading, buy weird coins/ or tokens from a exchnage where they're listed, and sell them when you are in profit.

Whereas in holding you buy a coin and hold it for a period of time for that reason you need a wallet. And since you already have Ledger Nano S you can hold in this wallet.

Yes, here is rhe video tutorial: https://youtu.be/C3-tz0DQ-Vc

if it is on ethereum chain then it is listed on uniswap or sushiswap and if the token is created upon binance smartchain then it would be listed on pancakeswap before any centralised exchange.

As much as possible, I'm refraining from connecting my hardware wallet to any website such as dexes. IMO, that defeats the purpose of being lone storage as it should be a separate device that shouldn't be connected to any dex or any website since these hardware wallets have their own tools or apps for us to use them. But I'm not saying that it's dangerous to that, I just don't like doing that to my own hardware and I refuse on doing that since I just can do the transaction by getting the address and sending it from here and there without the need of connecting it to the dex that I might use.

Are those wallets don't have an update feature? And maybe they can offer more storage space along with that. If it doesn't have then you may need to buy a new one with a much larger storage capacity so that you can store more cryptos on it. If you want to deal with risky coins then you should always use a separate wallet.

It can be an online wallet since I believe you are only gambling on them and they are not your priority. Risky coins are usually listed on a not so known exchange because the listing fees on those exchanges are only cheap. They are perfect for starters. As a trader, no I don't like to store most of my coins in an exchange. That's too risky for me.

I also use Trust wallet and I believe they're a very trustful wallet and that's not just because they got acquired by Binance but because Binance has no control over the wallet since it's a decentralized wallet. We don't have to undergo any KYC process to be able to use all the features of the wallet or have our funds frozen by authority. We also have our seed phrase which goes to prove the wallet can be exported Incase something was to happen to trust wallet.
With trust wallet we're In charge although I have one worry, why aren't we given an option to use the transaction fees we intact paying instead of the recommendation we get from them. It's very frustrating especially when you want a faster confirmation when the network is congested.

just found out with a wallet like this with a facial scanner, can you give me a recommendation how i get this wallet

A better and safer option than cold wallet + metamask has not yet been invented, especially this combination is supported by most networks, DEX exchanges, etc. This is a universal solution and the most secure. I don't understand those who neglect cold wallet when interacting with different services and use only browser or mobile wallets.

Keep all valuable NFT and altcoins in cold wallet, use metamask in browser to swap and exchange small transactions. If you want to sign messages to access some seris, exchanges, etc, you can also use a separate wallet in the same metamask for that. Although there are coins and wallets without EVM-compatibility, but if such blockchains are used, it is better to use their official wallets, not wallets like Trust Wallet, Atomic wallet, etc.

Your choice of crypto wallet depends on your use case. some skilled investors only trade certain coins so they should find a wallet that specializes in that currency If you're new to crypto we recommend Coinbase wallet or trust wallet the Coinbase wallet is the best crypto wallet for beginners because it's easy to use and secure the Coinbase wallet is great for crypto newbies The software links to most major bank accounts and has a basic three tab layout and obvious functionalities trust wallet has a simple scannable user interface built in support for Dapps and nfts and the most supported assets on list trust wallet is popular mobile crypto wallet and binance's official mobile app despite its links to binance the wallet is non-custodial so the user must safeguard their private keys It supports 40 blockchains so it can store many digital assets the list has almost 16000 coins and tokens.

I never use hardware wallet but everything goes fine. The problem is how dicipline you are to keeping all of your sensitive data. I never connect with dapps. I used different PC to store my key. That's work. I just need to disconnect it from the internet and my data is still fine.
I guess you didn't even need hardware wallet. You need to be careful with your wallet. Try to care with it by never try to deal with suspicious thing

As people suggest that you can use trust wallet, it is a non-custodial wallet and very easy to use for newbies. But can you tell me, why would you want to trade with altcoins, when you already have bitcoins? Do you know the risks it can bring you? especially new altcoins you want to find them on uniswap or pancakeswap exchanges?

You should do your research carefully before deciding to invest or trade with altcoins, unlike bitcoin, they are very volatile and the risk can even disappear after just a few days of launch. I advise you to research everything carefully before making a decision.

Still loyal with trustwallet and some time used metamask for saving all altcoin fund, I am not familiar and don't know how to use with hardware wallet like Tezor or another hardware wallet kinds like nano ledger. Don't worry about safety with metamask or trustwallet address because depending with your self controlling, without any connected with dapp exchange market not secure and never approved swap for dusting altcoin actually metamask and trustwallet keep safety. I joined with many kinds worth airdrop and need to connect to metamask add on chrome wallet more easy and this reason why prefer used metamask until right now.

Depend on your hand, if want to used metamask or trustwallet keep take care your connected dapp exchange site.

I agree with you, a hardware wallet is for people who wish for extra security, and when someone has a nice stash of coins buying a hardware wallet shouldn't be a big deal!

Binance wallet is also nice, I use it mainly for some services and I always have some coins there, never lets me down, and always works well without problems. Except for these extensions I like Atomic wallet, one of the first multi-coin wallets with staking feature, and they have their token as well. A pretty old project that is working fine for years.

Which wallet is tandem? I've never heard about it before, why not use something more popular like Coinomi wallet or Math wallet? There are old grand masters like Monerujo and Mymonero wallet too, be careful with new wallet because some of them are scam and others have crap security.

Metamask works fine with just the extension or mobile wallet. A hardware wallet isn't necessary unless you need the extra security.

Well since Binance has always been my preferred Crypto exchange so when they bought Trust wallet I became more confident to keep my alt coin portfolio in trust wallet.

I feel compared to some others that it is much faster mobile wallet and I enjoy the slickness of the dapp browser it comes with.

What do you use with pancakeswap?  Do you use metamask with it only?  Is that all you need?  Do you link your nano ledger to the metamask?

MathWallet is a good option. It supports many blockchains including those that aren't compatible with Metamask like BTC and Solana. The browser extension can be linked to your hardware wallet.


Pancakeswap is usually the best place for newly launched coins. They have such a large user base that there is almost always enough liquidity to trade whatever coin you are interested in.

I would agree with most of the suggestions like Metamask. But you also have to understand the risk involved when you used destktop wallet as compare to hardware wallet.

So now this should be your next focus, if let's say you decided Trust or Metamask then learn all about it, the seeds and the back up and where to store them, just saying.

You have been asking that with the other threads that you've made and I guess that you've made up your mind with all of the suggestions that were told to you.

Most of the wallets, centralized, desktop and hardware wallets were already suggested to you.

And by that means, you have the idea already on which is ideal to you and where you'll keep those altcoins you want to hold.

Trust wallet is the best wallet to store ALT coins.Nowadays trust wallet has gained a lot of popularity and its usage has given the most acceptance by people.Trust wallets have gained a lot of popularity all over the world and as they progress they will make a better position in the future.Many securities are completely multi-wallet systems. There is no possibility of hacking if you don't share your phase or private key to anyone.

Many wallet can be hacked except it's a situation whereby people who is into hacking have not remembered you, so from my little understanding, if you do save the information related to your wallet offline it's the only means a hacker can't easily penetrate into your wallet, from my perspective normal documentation of your wallet offline can keep your wallet safe

In the daily trade, their coins have to keep on the exchanges because they have to buy coins at any time. But if you're a long term holder then i don’t think keep store on the exchanges will be safe, if you own big amount of dollars then hardware wallet is the best option, in small amount you can use trust wallet which is renowned wallet backed by Binance exchange.

One alternative to hardware wallets would be the internet computer plug wallet. Although it is a browser extension wallet like metamask, it is secured by your face scan or finger print, so nobody can hack your coins.

I use the tangem wallet to store my 0xMonero. Every month they launch support for an additional blockchain.

I am still using an old nano ledger s.  I use it mainly to store btc and bch.  There isn't that much space on it due to the limited space. 


If I want to start trading altcoins but particularly those meme coins and weird coins that come out, what wallet would you need for that?  Do most people here have a 2nd hardware wallet strictly for this?  Then again lot of these altcoins aren't supported by the nano ledger s plus or the x right?  I heard about metamask.  That is an online wallet.  So if you connect the metamask to the nano ledger s plus, than that would work?


Also when you find out about new coins, what exchange do you go to to find these coins?  Is it almost always something like uniswap or pancakeswap and not a major exchange?


Also for you daily traders, are you keeping the coins in that exchange or metamask or your hardware wallet once you are done trading for the day?  I can't imagine you sending your eth wallet to your hardware wallet all the time because fees are expensive right?  And keeping it in exchanges is not safe?  The same as with on metamask?


Also heard trustwallet spoke about as well.  But the safest way is to get a metamask account and link it to a hardware wallet right?  But you shouldn't do it with your main hardware wallet that you use mainly for storage?  But do so with a trading hardware wallet?  Because if you connect to a malicious contract... that is the term i always hear about, well as long as you don't confirm it... you are fine?  But if you do, are all your coins in that 2nd hardware wallet at risk?  So there would be no risk to your main nano ledger s  if you use the s and s plus with ledger live?


Anyone who trade altcoins can explain this?