It is totally depended on you. You should make sure about the safety of your wallets. Because both one coin wallet and multicoin wallet can be hacked if you don't keep yourself safe.
Topic: For staking: Do you use one wallet per coin or a multicoin wallet eg MyEtherWall - page 3. (Read 550 times)
September 03, 2018, 09:38:09 AM
September 03, 2018, 09:33:53 AM
If it is ERC20 thsn I prefer MEW.
Too much of a hassle if yiu have different wallets although they are really safer. But I guess you are not that of risk with MEW.
Others though with staking, it is better to use their wallet since you are making more out of it.
Too much of a hassle if yiu have different wallets although they are really safer. But I guess you are not that of risk with MEW.
Others though with staking, it is better to use their wallet since you are making more out of it.
September 03, 2018, 09:30:52 AM
In most of the cases hacking happens due to the phishing websites. No matter which kind of wallet you are using, anyone can be compromised. So you need to be careful about the phishing websites. And you should use good anti-virus and anti-malware softwares in your computer to prevent hacking.
September 03, 2018, 09:28:53 AM
No matter which wallet you are using, both can be hacked. The security of your wallet depends on the security of your computer. Bugs, trojans, malwares often tries to steal or manipulate your data. That is why you should use good anti-malware softwares and good anti viruses.
September 03, 2018, 09:08:42 AM
By having your own particular hub you can run it all day, every day altogether for your coins to stake. Which implies that regardless of whether you utilize some multi-coin wallet, for example, JAXX that has to bolster for your specific coin you won't have the capacity to stake it. MEW has to bolster for ETHEREUM blockchain which incorporates just tokens on Ethereum.
September 03, 2018, 09:27:20 AM
Both are kind of the same and the security depends on the user mainly. In most of the cases, hacking happens due to phishing websites. So, the user has to be careful about the website he is browsing.
September 03, 2018, 09:18:27 AM
for staking you have to run a genuine wallet and stake your coins. you fundamentally win cash by transferring exchanges and confirming them. since it depends on the amount you have it doesn't make a difference on the off chance that you do it with one wallet or different ones.
September 03, 2018, 09:00:17 AM
If anyone is paranoid and need to keep each coin in their unique wallet and some lean toward multi-coin wallets. The security, it depends upon the client, a lot of wallets are hacked in light of the fact that the passwords are powerless or on the grounds that the client didn't see he went to a phishing site by botch or didn't take after the proposals of the wallet.
September 03, 2018, 08:37:28 AM
Not sure if staking can be done with wallets that support multiple coins but I am quite sure that the process is much easier if you use the single coin wallets. Also, both type of the wallets offer the same when it comes to security. So, if you are willing to stake coins, better go for the specific ones.
September 03, 2018, 08:01:56 AM
The really depends on the individual. I use multiple wallets because of the purpose they serve . I do tend to favour coinoomi because of the versitility it provides me but like I said it depends on individual..
September 03, 2018, 07:51:18 AM
Honestly, both type of wallets that you have mentioned in your post works like the same in terms of keeping your coins safe. There's no specific pros or cons that is not available on the other. You can run both of them 24/7 on you computer only if you can ensure the security of your own computer and wallets.
September 03, 2018, 07:07:56 AM
I use Trezor for storing multiple coins at once but I have seen some of my friends to use specific wallets for each coins. Though I haven't found out any cons of all the coins in same wallet but I myself would like to know if there's any pros in case I keep a particular coin in their specific wallets.
September 02, 2018, 06:20:56 PM
Having one or multiple wallet is not the main issue. It all depends if you can keep the private key number secure or not. Plus if you think it will be better to have multiple wallets, then sure go for it.
September 02, 2018, 05:35:17 PM
This will depend on the person to be honest. Some would like them to be all in one wallet while others will be alright in having them stored in multiple wallets. It all boils down to hpw secure the wallets are and that you do not let the password get into the hands of any malicious person.
September 02, 2018, 05:17:17 PM
Maybe I'm wrong but I think you have mistake. POS - proof of staking means you will be paid profit base on number of coin you hold in your wallet and time you hold. So if you don't hold coin in wallet which providing by deverloper. You can't hold all coin in wallet if they also have special wallets for staking. As my side, I use the one wallet per coin for POS.
September 02, 2018, 04:58:08 PM
For staking purposes like PoS based token or coin it is recommended to have an individual wallet in each coin for more secure transaction and speaking about MyEtherWallet i think it does not support staking at this time since ERC20 is still limited to PoW network maybe in the near future when Ethereum switch to PoS consensus.
September 02, 2018, 04:50:34 PM
It is possible to stake on a multicoin-wallet. If you take a look at the sato wallet app on IOS you can actually stake deeponions on your iphone/ipad! I tend to use the wallet from the developers, but don't see why you shouldn't use others if they have approval from the project team
September 02, 2018, 04:43:33 PM
If you want to be on the safe side and if you are a bit forgetful, then it will be better to have just one wallet for all the coins. But if you think that you will be able to remember the private key number, then it is alright to have multiple wallets.
September 02, 2018, 04:10:24 PM
MyEtherWallet is the best purse, because he supports the ERC-20 contract. It's incredibly convenient. You can store a lot of tokens on this wallet, especially if you take part in the ICO! Good luck buddy!
September 02, 2018, 04:00:02 PM
Based on this situation if you want that you want to be safe side then it is better to shift your all coin into your wallet because it is very much safe than others based on this you need to keep remember your private key and do not share this with anyone.
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