Im using exodus wallet. Looks secure and looks cool too. Any other exodus wallet users too?
Topic: Best way to hold many cryptocurrencies (Read 2449 times)
I also hold a lot of crypto, but the thing to note where we place the order for crypto have nothing to lose. I think there is indeed a good idea we hold many crypto so it could get a lot of results, but not too much because it could make trouble if we can't use it.
I was wondering what your suggestion to holding multiple cryptos is?
Obviously I don't want to hold even medium amounts of the stuff on exchanges, but it's incredibly tedious to have to download seperate wallets for my computer, synchronize everything and.... well, yeah.
What's your strategy on this?
Obviously I don't want to hold even medium amounts of the stuff on exchanges, but it's incredibly tedious to have to download seperate wallets for my computer, synchronize everything and.... well, yeah.
What's your strategy on this?
i hold my many currency in a secure vmware machine, dedicated to all the altcoin, in this way if there are virus it remain there, and the other mahcien are secure, you can also easily make a saved point with a virtual machien and restore form there if you lose your wallet because of a crash, and suspend option come in hand because it let you maintaining all the wallet openend at once even if you restart
This is smart. Do you download the whole blockchain for each cryptocoin or do you use the SPV wallet if there is one?
More developers should make more wallets like Jaxx but wth more coins included. Keeping Monero is my biggest problem because I have to download the full blockchain.
Offline wallets if possible. Store your stuff on a USB flash drive or external HDD which never leaves your house. Always keep backups too.
Don't use USB, it's not safe.He did not said is less secure then HDD. He just said that is not safe enough for him.
OP is asking where to store random altcoins. I really doubt many will even know what they got if they will somehow got a hold of your altcoin wallets. For Bitcoin you should be quite paranoid, but for most altcoins not at all.
In general to answer the OP. Easier is to make paper valets.
Offline wallets if possible. Store your stuff on a USB flash drive or external HDD which never leaves your house. Always keep backups too.
Don't use USB, it's not safe.
This is a good question.Being a security enthusiast ,I'm keen on doing things my way ,below are the two strategies I use to keep it all together.
1.Dont install wallets of the coins which are still in the preliminary development phase .Until you trust their teams.
2.Unfortubateky ,there is no alternative to security which is provided by install separate wallets.Yiu can keep negligible amounts in the online wallets but not at one place.Keep moving coins often.
3.Use a bot manage your wallets ,like a shell script to start a wallet and stop it would help make it a lot easier.
1.Dont install wallets of the coins which are still in the preliminary development phase .Until you trust their teams.
2.Unfortubateky ,there is no alternative to security which is provided by install separate wallets.Yiu can keep negligible amounts in the online wallets but not at one place.Keep moving coins often.
3.Use a bot manage your wallets ,like a shell script to start a wallet and stop it would help make it a lot easier.
I was wondering what your suggestion to holding multiple cryptos is?
Obviously I don't want to hold even medium amounts of the stuff on exchanges, but it's incredibly tedious to have to download seperate wallets for my computer, synchronize everything and.... well, yeah.
What's your strategy on this?
Yes it's too complicated to have lots of wallets for altcoin, I solve this problem by making smartcontrac, storing on wallet exchange with small amount because to make daily profit or save private key in micro sd with altcoin existing wallet, and save in safest place . Obviously I don't want to hold even medium amounts of the stuff on exchanges, but it's incredibly tedious to have to download seperate wallets for my computer, synchronize everything and.... well, yeah.
What's your strategy on this?
What I meant was if there's an easier way to do it.... For instance I own some Blocknet (BLOCK) tokens which I want to add from the exchange to my own wallet. But the synchronization is taking me DAYS to do, do I need to do this? I dont understand it.
No. You don't need to wait for it synchronise to receive money. Generate a new address and send your Block from the exchange to that address. Note, you won't actually SEE it appear in the wallet until synchronisation on your local machine is complete, but it will be in there.it is not just receiving you know. you should think ahead about "spending" too. and for that you do need to wait to synch and download the whole blockchain to be able to see the balance, make the transaction and spend it, unless a particular coin is using a different particular approach, that is the way.
however, with bitcoin you can always find ways of generating just a cold wallet like paper wallet and never even need a wallet. for example you can use online tools such as coinbin to make a tx and sign in with an offline wallet.
technically if you can do the same with any other crypto you can choose this method only if their wallets allow signing of raw tx offline without having the blockchain. and then again you will have to find a way of broadcasting it. which may seem simple but it is hard without any tools.
How much do you keep on exchanges at once?
If you don’t have to much you could just hold them in an exchange.
Otherwise try paper wallets, then when you need to spend download and use a light wallet.
No! Don't give that advice, please. You may have noticed that exchanges have a dirty habit of running away with their customers' crypto, and most people on this forum would probably tell you to only keep what you need on the exchanges.Otherwise try paper wallets, then when you need to spend download and use a light wallet.
Try the iconomi wallet, maybe? I've had a decent experience with it, and you can store a whole array of crypto on it. Maybe some other of you will back me up on that. The only problem I've had is adjusting the network fee, because it always seems like it's slow as hell with bitcoin. With doge and others, it works just great.
I was wondering what your suggestion to holding multiple cryptos is?
Obviously I don't want to hold even medium amounts of the stuff on exchanges, but it's incredibly tedious to have to download separate wallets for my computer, synchronize everything and.... well, yeah.
What's your strategy on this?
Obviously I don't want to hold even medium amounts of the stuff on exchanges, but it's incredibly tedious to have to download separate wallets for my computer, synchronize everything and.... well, yeah.
What's your strategy on this?
For holding long term higher value coins I use paper wallets because they look nice when made well and feel like an asset on their own. I also own a KeepKey which is great for general use.
For other alt coins I:
- download the wallet software on to a sandbox virtual machine
- generate an encrypted wallet
- transfer coins to the wallet and confirm via a block explorer
- backup the wallet on an encrypted container
And when it's time to spend:
- install wallet on to VM
- find a recent blockchain bootstrap for faster syncing if available
- find a list a nodes/peers to add to the config for faster syncing
- restore wallet from backup
It's also worth taking a note of useful websites for each coin you store, such as:
- Official website
- Bitcointalk main thread
- Block explorers
- Bootstrap files
- Configurations/Instructions
And you can keep a neat file structure like:
ENCRYPTED_STORAGE/wallets/COIN/
ENCRYPTED_STORAGE/wallets/COIN/wallet.dat
ENCRYPTED_STORAGE/wallets/COIN/coin.conf
ENCRYPTED_STORAGE/wallets/COIN/readme.txt (useful websites and info for coin)
Use something like dm-crypt, VeraCrypt (TrueCrypt fork), or some other form of encryption to store the data.
If you don’t have to much you could just hold them in an exchange.
Otherwise try paper wallets, then when you need to spend download and use a light wallet.
Otherwise try paper wallets, then when you need to spend download and use a light wallet.
I was wondering what your suggestion to holding multiple cryptos is?
Obviously I don't want to hold even medium amounts of the stuff on exchanges, but it's incredibly tedious to have to download seperate wallets for my computer, synchronize everything and.... well, yeah.
What's your strategy on this?
My strategy is to download an offline copy of walletgenerator.net and create paper wallets for each currency (use a safe environment to make it a cold wallet if you’re going to hold a lot in the wallet). Obviously I don't want to hold even medium amounts of the stuff on exchanges, but it's incredibly tedious to have to download seperate wallets for my computer, synchronize everything and.... well, yeah.
What's your strategy on this?
This way there’s no wallet software needed until you need to spend.
What I meant was if there's an easier way to do it.... For instance I own some Blocknet (BLOCK) tokens which I want to add from the exchange to my own wallet. But the synchronization is taking me DAYS to do, do I need to do this? I dont understand it.
You can send even if you're wallet is not synchronize just like what the other guy posted,but if you are going to hold and stakes a lot of coins and stakes some of them then you need to get one pc dedicated for this,where you can open it 24/7 for continous syncing and staking.
I was wondering what your suggestion to holding multiple cryptos is?
Obviously I don't want to hold even medium amounts of the stuff on exchanges, but it's incredibly tedious to have to download seperate wallets for my computer, synchronize everything and.... well, yeah.
What's your strategy on this?
Just try to download offline wallet that the wallet is related with your coin. I'll never try to suggest you to hold on the 3rd party or exchange site. I will try to download all of the offline wallet. and keep them on my conputer. Obviously I don't want to hold even medium amounts of the stuff on exchanges, but it's incredibly tedious to have to download seperate wallets for my computer, synchronize everything and.... well, yeah.
What's your strategy on this?
I believe that Jaxx is a good option if you want to hold the "mainstream" coins (if such thing exist in cryptocurrency).It is possible to hold, with no hussle, BTC, ETH, LTC, ETC and a few others. But if you're looking for different coins, the easiest way is to keep some of them in the exchange. the safest is to have each wallet and manage them.
Posted From bitcointalk.org Android App
Posted From bitcointalk.org Android App
i think it's inevitable to down various wallet and sync them now and then, you have to rely on yourself if you don't trust the exchanges. for mainstream cryptos, you can also use online wallets, but don't lose you token or forget your private key.
Offline wallets if possible. Store your stuff on a USB flash drive or external HDD which never leaves your house. Always keep backups too.
Don't use USB, it's not safe. What I meant was if there's an easier way to do it.... For instance I own some Blocknet (BLOCK) tokens which I want to add from the exchange to my own wallet. But the synchronization is taking me DAYS to do, do I need to do this? I dont understand it.
No. You don't need to wait for it synchronise to receive money. Generate a new address and send your Block from the exchange to that address. Note, you won't actually SEE it appear in the wallet until synchronisation on your local machine is complete, but it will be in there.
Join the slack. Its a great community and super active - hundreds of Block chat posts a day, quite interesting for keeping up to date - https://blocknet.herokuapp.com/
What I meant was if there's an easier way to do it.... For instance I own some Blocknet (BLOCK) tokens which I want to add from the exchange to my own wallet. But the synchronization is taking me DAYS to do, do I need to do this? I dont understand it.
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