Topic: Hold your coins in multiple wallets - page 12. (Read 4804 times)
I had a similar experience and had coins stolen (probably from phishing). So I'm glad I just had a few hundred dollars worth of crypto stolen. I like to spread out crypto investments between multiple wallets, investments and exchanges. If I lose one or get scammed, it's not catastrophic.
Yes, I also hacked and it taught me not to store everything on one wallet , you need to send other wallets to the exchange on the phones just not on one device or wallet!
I personally keep the smallest fraction of my coins in exchange wallets, because we all know they're basically HOT wallets which can be hacked at any time.
Remember, exchanges have a horrible track history of getting hacked, so store a lot of money at your own risk. The rest of my money is stored in my mobile wallet as I use it regularly.
Remember, exchanges have a horrible track history of getting hacked, so store a lot of money at your own risk. The rest of my money is stored in my mobile wallet as I use it regularly.
The best way to secure your digital assets is to save everything in hardware wallet. Considering the levels of scams that are being perpetrated, one needs to be careful and be courteous of how to keep ones tokens safe.
For me, it is enough that I have a Trezor hardware wallet, which I use together with the MEW wallet. This combination is enough for me to not worry about the security of my tokens anymore. All I need is these two wallets.
Yah trezor is indeed safe enough to store digital assets, especially hacking involving Crypto wallets and indeed we have to store these assets with lots of wallets if something happens to our wallet, for example hacked, then we don't lose all the assets we have and there are currently many a wallet that has proven security if I prefer Metamask and ledger.
You have highlighted a very important issue. Having multiple wallets significantly reduces the risk of losing your money. But this is worth thinking about when you have a significant amount. You can also use a hardware wallet. It's safe.
Yes, having coins held in various wallets is more secure as this will protect your money from being stolen. The most important thing is to be sure that the private keys of your wallet are hidden, and that will reduce the possibility of being hacked.
I also think that this is correct. This will give you confidence and assurance in the security of your wallet. As soon as you get the normal amount of coins. You can easily start a second wallet.
I also use many different wallets. But I think that the most important is to secure the location where you hold your private keys. This is the most dangerous thing that can be lost. Dont use clouds
It's right. Safety of our coins in the first place. Therefore, it is better if you have several hardware wallets. For greater confidence in their safety. I think you will have more peace of mind.
Of course, it is good to keep coins in different wallets. A friend of mine uses a dedicated computer to open his wallet without opening suspicious emails.
Yes i too agree on this saving coins in multiple wallets provide security, privacy and protect against phising, Hacking of the wallets. we can split coins and keep in different wallets to avoid theft or hacking. Lot of trusted coin wallets available like Bread Wallet, MyCelium,Exodus etc... are few major wallets available in the market to opt it.
I also think that it is better to keep investments in different wallets. Now a lot of hackers. But when you have several wallets, the coins are in a safer place.
I agree, because it would be safer. Although we later will indeed require more GAS. but in my opinion does not matter, for the creation of security. and it saves a lot of coins in a wallet that very risk.
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?
It has become very common nowadays so it's better to use many wallets and diversify your amount in them. I do use 4 wallets and keep my coins according to my use like for trading binance & others, for holding block chain, for ico's and other coins MEW.
Sorry to hear that your wallet was hacked ,why don't you just use hardware wallets for trading and use offline wallets to storing your coin and paperwallets can't be hack because its offline ,all you have to do is keep your passphrase or private key somewhere safe
Safety first, I agree with you. you need to make the diversification in everything, and in the investment and safekeeping of its assets. And even better to use hardware wallets. They are usually not subject to hacking, as is the case with conventional online wallets. Many times I have heard this, but as they say, people learn from mistakes. It is a pity that on their
I do hold all of my coins in a different wallet, If it in case my PC got destroyed then i have a backup and re-import it again on different computer.
For me, it is very important to always create a backup so you're sure that you will not lose everything you earned.
For me, it is very important to always create a backup so you're sure that you will not lose everything you earned.
You do like me, I also have many wallets of many different coin. So I can not remember all of them with my head, I was most worried if my laptop hard drive was damaged, I also backed it up in a place where only I knew
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?
There's risk if you are only using one wallet, but if it is a hardware wallet and you keep the private keys and the seeds you can keep one wallet, but if it an online wallet, it's a bad idea to only keep one all your coins in one wallet, there's to much hacking online going now.
I do not split my coins in many wallets. Im a full grown reponsible man, and i can look for my data. Even for my private keys. So i really cant believe how somebody can loose their access to their high valued cryptocurrency wallets. Im my eyes, if you loose them, its your own fault because you can take any responsibility for your own life. Im sure people who happen stuff like these have also no control over their life.
I like this idea and have been holding Etherum and ERC-20 tokens in 5 different wallets since the start of 2018. The other security measure that I take is to use a strong and secure password over 15 Characters and including specials which would take hundreds of years to try and brute force.
Jump to: