Hold your coins in multiple wallets - page 3.

jayendo

member

Activity: 392

Merit: 10

Quote from: Boxxl on May 17, 2018, 06:37:14 AM

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?

Such strategy may damage the mobility of your tokens. When coin is dropping down, you may want to sell it as fast as possible and multiple wallets are an obstacle.

Hudora

member

Activity: 378

Merit: 10

My way of holding would not become popular, because I invest mostly ICOs and nobody wants to steal ICOs' tokens, because they have no value. But I keep them in cold storages.

cudora

copper member

Activity: 336

Merit: 3

Cryptoknowmics - World's First Decentralized Media

It is the best way to reduce the chance of getting hacked or scammed. Never put everything in one pocket. The more wallets, the less are the risks. So open up 4-5 MEW wallets and be safe. And never provide any info about your wallet.

mdenys

full member

Activity: 560

Merit: 100

Yes,it is a very good advise to keep your crypto in different wallets,I am holding my bitcoins and etherium in hardware cold-storage wallet Ledger Nano S and I am also using MyEtherWallet for my bounty reward tokens ,so far I haven't had any issues with security and all my funds are feeling safe ))

iceblasto

full member

Activity: 462

Merit: 100

Quote from: laredo7mm on November 05, 2018, 07:29:40 AM

It is also actually a good step to be able to divide our assets into several wallets from existing hackers. because now there are many cases of people stealing their assets. Of course, we must avoid it by doing a lot of solutions such as dividing into several wallets

To be honest, I just realized this, I never thought about it. what I do is always be careful when using my wallet and device.
I will apply this method to secure my assets.

kramchers

full member

Activity: 854

Merit: 101

Quote

What do you do to secure your coins / tokens?

I use different wallets on bounties and other transaction in cryptocurrency.

Like in ERC-20 wallet i do have many wallets for that.

wallets for:

AIRDROP
BOUNTY
ICO
ETHEREUM
LONG TERM HOLDING

It is better to place your tokens on different wallet.
And make sure that you will never share you private keys to anyone.
Also make sure that you hide them properly in different folders!

laredo7mm

hero member

Activity: 1498

Merit: 537

It is also actually a good step to be able to divide our assets into several wallets from existing hackers. because now there are many cases of people stealing their assets. Of course, we must avoid it by doing a lot of solutions such as dividing into several wallets

faceoff97

full member

Activity: 644

Merit: 113

Quote from: Boxxl on May 17, 2018, 06:37:14 AM

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?

Check HODLER wallet. It is an open source multi wallet that can hold coins such as BTC, BCH, LTC, DASH and ERC20 token. Since it is an open source wallet, yiu have the full control over your fund, you don't need any third trusted party which lessen tge vulnerability of your fund. It also has HODLER Secure backup that keep your private key safe from any harmful malware trying to steal what you store. Most wallet and exchanges are not having an open source technology, they still reky on third party which do not assure you security. Dont jUST try, verify. You can see more of its feature here: https://hodler.tech/?lang=en

Revvo1

jr. member

Activity: 272

Merit: 1

"simply getting the job done"

Quote from: Boxxl on May 17, 2018, 06:37:14 AM

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?

This is actually a nice input that I think its reasonable enough to be considered. However, above this, it's important to watch carefully our involvement of wallets in any airdrops, project or activities that can open the door widely to phishing, hacking ..etc.

sixexgames

full member

Activity: 406

Merit: 100

One Social Network

Yeah my coins are very spread out among multiple wallets and exchanges. I've had one wallet compromised for about $300... but I was using a private key to log in so somehow it got stolen.

Michail.

jr. member

Activity: 205

Merit: 1

I keep the coins in several wallets, for protection I use the metamask application, everything suits me. If the profits increase, I will get a hardware wallet, I think it will be more reliable.

xKARELx

full member

Activity: 420

Merit: 100

No, I keep everything in one wallet and I hope that I do it right and I am not in danger, several wallets are not very convenient and also have the opportunity to lose everything

drakewear322

member

Activity: 182

Merit: 10

platio.io

This is a very good advise because if you keep your coins like this you can lose in some and win in others

rahul7timt

copper member

Activity: 322

Merit: 0

This is temporary solution as you will loose your funds whether is complete or some funds. Also it is not easy to maintain all your wallets. Better is to use hardware wallet and you are risk free and not worried about your funds.

Samkol26

member

Activity: 532

Merit: 10

Bountyhive.io

That's a very good advise.. Phishing can make you loose all you've worked for and invested its good to scatter all your fund. And one site is going around now that look like myetherwallet.com just be careful.

Dlux75

member

Activity: 170

Merit: 10

The World’s First Blockchain Core

Yes that is true. Investors should use different wallets while holding.I am using imtoken. You know imtoken have some password feature also. I feel safe while using imtoken. I hope they will continue like that but multiple wallets always better than one. We need to divide risk.

JuliaJi

full member

Activity: 896

Merit: 103

I lost expensive coins and ETH for few thousands dollars, because of plugin HOLA, after I bought ledger it more safe

seramania

full member

Activity: 827

Merit: 100

Quote from: Boxxl on May 17, 2018, 06:37:14 AM

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?

hacking is an enemy to asset owners. now there are a lot of asset loss events caused by phishing. so I suggest to keep storing in hardware wallets like nano ledger or trezzor that will protect our assets from phishing and hacking.

InGODweTrast3

full member

Activity: 560

Merit: 101

I also recently lost my coins due to the breaking of Hola, so I decided to buy TREZOR, it’s a pity that I didn’t do it before...

HongKong

hero member

Activity: 812

Merit: 500

Quote from: Georgiyk on November 03, 2018, 09:40:08 AM

To keep all the coins in one wallet is a certain risk. One wrong move and all the work, effort and all the time spent, just disappear. The only right decision is to keep coins in different wallets.

It would be pretty ignorant to put more than 10+ coins into a wallet because anything could happen to it.

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