Hold your coins in multiple wallets - page 32.

swiftbits

sr. member

Activity: 938

Merit: 251

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?

I have the same experience, it's a good thing to do but its better if you secure your account so you won't get phished again, wallets have their own quality we can't say if they will last long or if they can handle your coins well, just stick to the reliable, I think there are many wallets you can easily find on the internet to store your coins.

BTCHadzija

full member

Activity: 238

Merit: 113

Yes, this is a good piece of advice. Never put all your eggs in one basket, as they say Cheesy

pogicute1234

newbie

Activity: 112

Merit: 0

many of them work because their wallets are different. if one account is hacked they just have to keep them hidden because they have a lot to hide.

rumoo42

newbie

Activity: 56

Merit: 0

This should not have much effect. If a hacker attacks you, it is likely to steal all your wallets, not just a wallet. So the best way is to store the private key in the safest way is the best.

CleverOracle

full member

Activity: 549

Merit: 100

BBOD - The Best Crypto Derivatives Exchange

It is very good idea to split your holdings on different wallets but the best way is to secure your private keys first and be aware of the phishing sites. splitting your coins on different wallet will help a bit but if the hacker have still access your computer then still you are unsafe.

CaptainKid

sr. member

Activity: 756

Merit: 250

This is good advice. Diversification of risks should be used everywhere, even with investment, then you should try not to save all the savings in one coin.

godraphael

newbie

Activity: 95

Merit: 0

Losing most of my valuable tokens just recently make me realise the danger of storing all assets in on wallet. It happened like magic and that experience has open my mind to not take the risk of placing all my assets in one wallet anymore.. No matter how well you believe you can protect your wallet, there are still undetectable phishing links out there. Splitting your assets in multiple wallets ensures that when one wallet is compromised, you don't have the fear of losing all your assets...

TheWalkingCoin

full member

Activity: 532

Merit: 100

you are true about for using multiple wallet for saving our balance form bounty campaign reward or from an ico investment, by saving in multiple wallet is can make our balance safe because when some thing happen with one myetherwallet we have another safe wallet. but if you are using on wallet you can loss all of your balance.

Aroma92

member

Activity: 336

Merit: 10

Yes, coins must be distributed to several purses. It takes time, but it's safe. You can store certain types of coins in your purses. For example, separately those that are bought on the exchange, and separately, which came for bounty.

spike420211

sr. member

Activity: 1610

Merit: 372

Quote from: Vangardo on July 18, 2018, 12:48:22 AM

Many were caught in phishing. I have many friends so robbed. The only correct decision, be attentive.

The best strategy against phishing is to create a bookmark database of visited sites, install anti-phishing extensions, and your own attentions.

cayenne2121

jr. member

Activity: 294

Merit: 1

as one wise proverb says, "do not keep all the eggs in one basket"
the same applies to crypto wallets

Hallmader

sr. member

Activity: 1123

Merit: 253

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?

One of the safety precautionary measures that I do is to have multiple wallets. Actually, it is all right if you are only using a single wallet but only if your portfolio's value is not that big, but if it is in the thousands of US Dollars, it is wise to save them in the different wallets. The risk is so huge if you are only using a single wallet. A single stroke of bad luck with a hacker happened to hack yours will turn your investment into nothing.

tterrorpipa

jr. member

Activity: 322

Merit: 1

It is good to have a multiple wallet rather than putting your whole investment into a single wallet. Because when your wallet got compromised, atleast you have the other wallet and probably not lost all your investment. But it will be more better if this incident can be avoid. Better strengthen your security to avoid fraud loss.

pwchan001

jr. member

Activity: 118

Merit: 5

I don’t think it is a good idea to store your coins in multiple wallets because you have to store all of them properly and remember all the passwords. If you lose any of them, parts of your coins will be lost forever.l, and the chance may be higher than that your wallets are being hacked. Therefore, I think it is much better to store your coins in a single wallet and never disclose your password to the others.

Chirs

newbie

Activity: 168

Merit: 0

You do have to hold your coins in many wallets, because that will help you in terms of security. saving coins on many wallets one of the best ways to keep him away from hackers. You can buy wallet hardware if you want more safety.

traderethereum

hero member

Activity: 2870

Merit: 574

Vave.com - Crypto Casino

Quote from: xyzxyzxyz on July 18, 2018, 12:13:59 AM

Quote from: Cremmsto on July 18, 2018, 12:04:35 AM

The best option is a hardware wallet , but if you do not have it, then the best choice is a few wallet

All right. Very many inexperienced investors often come across in fishing and lose all the money. Therefore, you need to store your coins on many wallets. And you have to be extremely careful.

I think we need to tells them to hold their coins in multiple wallets so they can secure their coins and they can prevent from the attackers. besides that, I think with saving in the multiple wallets, we don't have to sell all of our coins because we can sell some parts and hold the other parts for another increase of the price. with this method, we apply one good strategy which never takes all eggs in just one basket and we can diversify our coins in too many wallets.

magnat7691

member

Activity: 350

Merit: 10

I agree that you should keep your coins in several purses. Investments like solitude and peace, then they multiply.

yuukireit

newbie

Activity: 157

Merit: 0

Well should agree with that. If people are making a much of investment it will good if split into many wallet because it will make people to concern and carefully to withdraw any of their investment by not seeing it continuesly

Trindir

newbie

Activity: 84

Merit: 0

Good advice to protect your money . But the hardware key is much safer

Planetkin

newbie

Activity: 98

Merit: 0

In my opinion it is very reasonable, it is better to divide your altcoins into several wallets

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