Topic: Hold your coins in multiple wallets (Read 4804 times)
Yes, that is the safest way we should do it, because today's hackers attack us a lot and that will be one of the big electronic money markets. which we should avoid
Well I think every investor knows that you need to keep the coins in different places, now a lot of hacking is happening in the market.
I think that your answer is very correct and any user of cryptocurrency should disperse all their funds in several wallets, because risks always exist and we should minimize them.
That's the way we can see that many hackers attack MEW wallets, so we have to be very careful, so invest in cold wallets for more security, but we can use Mycrypto wallets, they is quite safe
Well I think every investor knows that you need to keep the coins in different places, now a lot of hacking is happening in the market.
I keep my coins in different wallets or on the stock exchange. depending on the purpose of the coin-either for trading or for long-term investment
I do not believe that there are many reliable wallets on the market. In addition, hackers now are pretty skilled, so I have all my tokens in one separated wallet.
It is better to have two wallets from a security point of view. One of them is like a cold storage for long-term storage of coins, and the second is like a buffer for intermediate storage before selling for fiat money.
It's a wise decision to make. Holding all your coins in a single wallet could be pretty risky, because if your wallet is hack so does all your coins but by keeping them on different wallets is more safer knowing that you still have some more of your coins on different wallet if one is hacked.
I have been doing as the OP suggests, using multiple wallets on different devices,
Hardware, PC, snartphone and tablet. All with different password formats and
memorised. Only recorded in my head and tested every day.
Hardware, PC, snartphone and tablet. All with different password formats and
memorised. Only recorded in my head and tested every day.
Hi,
I lost some coins this year (my own fault in Phising)
But if you send your coins to multiple wallets you can split your investments better.
When your wallet is hacked you only lose this wallet.
This is my lesson for the next time
(and some other securities)
What do you do to secure your coins / tokens?
I lost some coins this year (my own fault in Phising)
But if you send your coins to multiple wallets you can split your investments better.
When your wallet is hacked you only lose this wallet.
This is my lesson for the next time
(and some other securities)What do you do to secure your coins / tokens?
Let's say most AirDrops and Bounties we do are scam secondly we input our details in them I believe these happened to newbies who don't really understand what their assets mean to them. I do come across all this jagons which I really took my time to study it all by not falling victims to their traps. One just have to be careful in times of opening multiple wallets likewise me I make use of one ACCOUNT other than many and up till now am still on the safest side due to I maintain my security acts in everything i do.
I do not need to use many different wallets, as it only complicates my access to my wallet. Instead of using a variety of wallets at the same time, be sure to keep your wallet well protected and use the wallets that many people use and trust.
I agree with the author as this is a really good approach for keeping your coins more secure. The most secure is still a hardware wallet, but they can store only some large coins, and therefore have to resort to such methods of protecting their funds.
The same. I use some wallets. For different purposes there are different wallets. And I try do not cross investment in different wallets between self. It make risk lower and allow to manage my investment quite secure. Because I know about big data and possibilities to find anybody in the net
I don't see any reason in using multiple wallets to store your cryptocurrency since there is a safe hardware wallet which is very secure and the private doesn't leave the hardware wallet. I will advise the use of hardware wallet such as ledger nano, and trezor.
I personally have or managing five wallet because I learnt a lesson in the hard way I was hacked when am using a single wallet for the bounty and the coin I purchased with my earnings. I have a private wallet address that I didnt give out just because I dont want the previous mistakes to repeat itself
Yeah it is better to have different wallets rather than sticking up with only just one wallet like myetherwallet for ERC20 altcoins. Also multiple metamask when using MEW. It is better to have in many good reasons and when it comes to money even though the security is tough it would worth better than just an easy way of storing those assets. Multiple hardware wallets also do if you have enough money to do it and add some flexing stuffs.
Money is best stored on separate wallets. Especially if for a long time. I use myetherwallet.com for these purposes. So safer, especially if you have a large amount of coins.
It may sound silly, but I do nothing to protect my funds. I keep part of the coins on the stock exchange, in order to be able to quickly buy a cryptocurrency and the rest on one wallet.
I am using multiple Watterson for different purposes. For instance one wallet for ico tokens, another for bounties, another for deposits.
Personally, I just don't use my wallet. I have two wallets - for payment and storage (cold), I just copied the cold wallet data to three USB's and that's it. I think it's the best way to protect your coins.
That is a good idea, but if you do that you will be very difficult to manage it. Using one wallet is still the best way. As long as you are careful in every action and account security, your computer is safe clean
Using one wallet - is more convenient and comfortable way, than several. But one mistake and you will lose everything. Jump to: