Topic: Hold your coins in multiple wallets - page 16. (Read 4834 times)
I am agree that we must hold our coins in different wallet to secure our coins. If we are buying and selling these coins then we should keep these coins in many exchange. There are some Hardware wallets similar to Trezor wallet in which coins are safe.
It is good for advice that we can share it in several wallets, but it would be nice if we also
have to be careful about opening the web that is suspected of pishing, and by separating
our assets minimizes losses if one time we are exposed to fraud.
have to be careful about opening the web that is suspected of pishing, and by separating
our assets minimizes losses if one time we are exposed to fraud.
To keep your coins on different wallets is a very reasonable approach, because now there are a lot of messages about hacking wallets, we should be especially careful.
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?
exciting idea by dividing investment into several wallets to prevent asset loss, it seems I will apply this method, thank you OP 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 don't really buy the idea of holding in multiple wallets especially if they are all software wallets. I believe all in this pedigree all have the same features thou some peculiarities can't not be ignored in them. They are all susceptible to phishing/malware attacks, thou, some like MEW, Metamask.
Instead of this, hardware wallets like Trezor and Nano Ledger should do the magic.
Instead of this, hardware wallets like Trezor and Nano Ledger should do the magic.
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?
It's difficult to keep multiple wallets. You can have 10 wallets for assets based on one coin to reduce the risk 10x but it also takes 10x more effort to keep them. Your choice. 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?
Holding the numerous wallet is suit for long haul holders. Yet, at this moment numerous dealers are associated with the Crypto speculation so better put in one wallet is useful for purchasing and offering. This is specialized world so programmers are continually looking to your record so we just secure our speculation. My recommendation is Google validation is useful for the wallet.
Good advice! In our digital environment to be secure we should prepare to prevent fraud and phishing. Don't put all eggs in one bucket - devide into different wallets!;-)
This is very true. Its always a great idea to split your assets over different wallets to be much safer.. One needs to keep tab of different wallets and its functionality to keep your tokens safe. This way, if you get hacked, you will lose a few coins instead of all your assets.
It is true, better save your money on cold wallet and split another part between different exchanges, MEW, Neo wallet etc. 1 wallet isn't enough,because hackers can steal all of your funds. prevent it!
actually this might be a safe way. I will usually use a wallet that I have to store up to 5 different types of coins. After that, it will be my new wallet to replace. This is to make it easier and safer. Because the one with the contents of the wallet too much also I think less safety.
This can be a great idea especially when you have a number of coins, the risk of loss is reduced, one just has. Have these wallets stored safely,. But. I do encourage use of hardware wallets mostly
Yes its much safer to keep your coins in multiple wallets if is there any hacking with your one of your wallet then your other wallet coins are safe but to avoid such situation I bought hardware wallet (Trezor wallet) to avoid hacking that is quite safe to hold my coins.
Well this was the case until the time hardware wallets were not popular. Yes its true that diversifying your tokens into different wallets can always lead to easiness of storing them. If one gets hacked or phished then surely there is another one to have your tokens securely stored away from such stuff. Apart from this if you just use the hardware wallets then you get protection from almost all of the hacking and phishing attempts as you they are made in such way to avoid those things. Thats why we must invest little more money on buying them and secure the funds. Additionally they all come under single roof too. :-)
I strongly agree with this assertion because I think it is safer that way, also to be more effective, it means that the private keys will not be stored together and different backupz will be used for the back up Phrases.
Until now, I don't hold my coin/tokens in many wallets, I try to keep them in safe by securing all informations related my wallets as privatekey..., also turn on F2A or some security methods, I also notice to not click link, file which I don't know the source, scaning my laptop frequently to avoid virus. But I think I also should to think about split coins and holding as your suggestion.
Yeah i think its is a nice topic and also a wonderful piece of advice. One of the painful thing on earth is when one loses what rightfully his/hers to another through a foul means. In order to avoid such it will be prudent and necessary to keep your coins in multiple wallet, with that there is a form of reinforcement when one get hacked. If not then you loses all your gains through your own struggle which to me is not right.
This is Yes, everyone should know, even the newest members of the crypto world... Be sure to have different wallets, different exchanges and invest in different coins.
If you have different wallets for your coins, you will find that you will spend the coins much less.
This is Yes, everyone should know, even the newest members of the crypto world... Be sure to have different wallets, different exchanges and invest in different coins.
I agree that it is important to diversify our investments. When you keep everything in only one place, then it is very risky.
Well, it is kind of tedious to maintain multiple wallets, with such a big variety of tokens and cryptocurrencies, but I think it is worth it, after all there is money involved. Jump to: