Topic: Hold your coins in multiple wallets - page 20. (Read 4834 times)
keep all your eggs in one basket is not wise. I keep coins in multiple wallets. and at the same time on multiple exchanges. to quickly buy or sell if needed.
yes it is the best strategy to save you money and savings. My favorite sentence "Do not put all egs in one busket". in another word it is diversification. Exchanges can be hucked by huckers, money from wallet can be stolen. So hold coins in multiple wallets it is smart solution
Yes that is too much important, i think we should distribute our money in different wallets, specially if we are using online wallet then we need to be too much careful, because hackers are always there who always trying to hack your account.
It's ok. It is not a bad thing. But Don't store your tokens in online wallets because I have lost my 3 Myetherwalles. 3rd one lost in last week. I don't know how it hacking, but my 3 MEW accounts hacked. So be careful. I think the best option stores your tokens and hold your tokens in ledger wallet. It is very very safer than online wallets.
I now create almost every subscription to the ICO signature campaign MyEtherWallet. Someone gets into my account and periodically I lose my own tokens. I try to improve the security level of my coins, I never copy the secret key code, I only enter it manually and only when I'm going to move my tokens. In other cases, I only use etherscan.io, if I only need to view the contents of the wallet. I think that to prevent possible losses from hackers, you need to change your MyEtherWallet wallets more often.
It's a horrible pain in the a** to maintain multiple wallets. I have 10 wallets that I now have just for Ethereum based assets just in case I have a breech I don't loose it all and may only loose 10% if I'm lucky. It does require much more effort and book keeping.
yes it is the best strategy to save you money and savings. My favorite sentence "Do not put all egs in one busket". in another word it is diversification. Exchanges can be hucked by huckers, money from wallet can be stolen. So hold coins in multiple wallets it is smart solution
Main dont use the same password on this multiple wallets.
I think for alts need to use qt wallets their blockchains not so big how bitcoins and eth's database.
I think for alts need to use qt wallets their blockchains not so big how bitcoins and eth's database.
Yes it is a good idea to split your coins between several wallets so that you don't lose too much, I also use a very strong and secure password over 20 characters in length which makes brute-forcing practically impossible. For added security under MyEtherWallet you can also use Metamask or set up an offline version of MEW and only connect to the internet to complete the send tx.
Sometimes, it would make you busy in several case, ex. access the wallet one by one to sell one token in the wallet. It prolongs the time needed. For me, I always use 1 wallet to store my token, however the security is our full responsibility. If we are careful when browsing on the internet, our computer will not be so easy to hack. 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 will recommend you to have to use these wallets:-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?
MEW
TREZOR
NANO Ledger
yes the use helps as different manage with the book keeping on noticing value of the token gives with chance on contrast limitation on investors to dispose of waste and collects of returns on limit with excessive as managing tasks on request as attaining table of works with the target on objective.
In my opinion, it's a very good idea to store some of our crypto currency coins in some wallets. This is a form of risk management that we can apply. By applying storing coins in some wallets, it reduces the risk of loss if our wallet is hacked. If one of our wallets is hacked then we still have savings in other wallets. But if we store only in one wallet, when there is hacking, we will lose everything. But what must be kept in mind when we store coins in some wallets is that we must be careful in storing passwords and activate all security procedures.
I would advise this, not even your hard wallet is safe I have found out. Trezor is beleived to have bugs during updates, i personally know of one person who lost a lot of funds after updating his trezor. Got to be careful
You can do that if you really are long term or really a holder waiting for investment appreciation. HOwever, if you are a trader, it will not be cost efficient and effective. It will be a bit burdensome to transfer tokens from one wallet to another then back again. You can do an alternative, keep your private keys secured and do not just visit a site and fill out forms which does include confidential information and data including your private keys. Or keep a wallet for long keep and another one for trading in different devices.
It's a wise security tip to keep your tokens in different wallets. One may never know which wallet is hijacked by scammers. To be on the safe side, it's better to avoid downloading apps that have few downloads and negative comments, phishing sites and sites which are not secured should be avoided.
I also created some wallets.A month ago, my wallet was hacked and all my valuable coins were stolen.
holding tokens or altcoins on the stock exchange market is safer, because a good market has many layers to break down thieves, not easy to enter
I moved my token to the TREZOR and NANO Ledger offline walllets to secure after trading.
Then when I want to trade, I transfer it back to the Exchange wallet, that's my trading cycle.
Then when I want to trade, I transfer it back to the Exchange wallet, that's my trading cycle.
I also agree that your option is much safer than keeping all your funds in one place
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 agree. And in addition to risk diversification, you need to go to your purses only from your bookmarks, and not from third-party links 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 coins in multiple wallet is a wiser idea this way of idea are avoid losing all investment
If the hackers attacking the wallet exchange do you have security for other coin stored in other wallet not all steal of the hackers
If the hackers attacking the wallet exchange do you have security for other coin stored in other wallet not all steal of the hackers
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