How to protect my altcoins? Please help. - page 2.

ThePromise

full member

Activity: 396

Merit: 100

Chainjoes.com

Quote from: clardalan on June 27, 2017, 01:55:07 PM

read this:

https://steemit.com/cryptocurrencies/@alttrader/5-recommendations-succesful-investors-do-lessons-from-400-days-of-cryptotrading

dump. this link helps a lot, maybe it will also help you. it helps me so better to spread this than to sit back and let others know nothing about this.

Nexillus

full member

Activity: 169

Merit: 100

I probably would do a paper wallet for most of these for security.

For some of the main ones, can use Trezor or ledger S.

danim1130

sr. member

Activity: 616

Merit: 250

that is a lot of altcoins,, you've got a lot of it you will hold it in long term try to put that altcoins in the nxt.org many people said that they all work in any altcoins and they have passphrase so you are secured.

The Enoeht

full member

Activity: 190

Merit: 100

Thank you for excellent advices. Much appreciated.

sujonali1819

legendary

Activity: 2436

Merit: 1189

Need Campaign Manager?PM on telegram @sujonali1819

if exchange has 2fa password sequrity sytem you can enable it.and can use multicoin exchange like https://www.coinpayments.net . but all coin do not availabe here.

Pente

hero member

Activity: 528

Merit: 527

Is it just me or does anyone else do a lot of evaluation of an altcoin by the quality of it's wallets.

I have messed around with a lot of altcoins and you would be surprised by how flaky some of the wallets are. For instance, many have broken private key import/sweep functions. I discovered this when I went to sell some coins stored on paper wallets. Luckily, I understood enough math to construct my own transactions by hand even if I had to waste a day doing it.

I am not going to name any coins, because this changes over time, but I would recommend testing a coin's wallet management before you send a large amount of coins to a paper or cold wallet. You might be surprised at what you discover.

BTW, it is one of the reasons that I have invested a lot into Myriadcoin. They have 3 major wallets and one of those is Electrum, which in my opinion is the best light weight wallet available. They also have an excellent web wallet based on the Rushwallet that works fine on Android phones, an important consideration for 3rd world countries.

Haladay

sr. member

Activity: 476

Merit: 250

If you're using poloiex system, enable 2FA method and keep them right there.

voltesbit777

sr. member

Activity: 910

Merit: 251

Quote from: The Enoeht on June 27, 2017, 11:33:22 AM

I have invested a few thousand USD in last few days. I have worked hard to save the money so I want to do everything in my power and protect my coins.
At the moment coins are on exchange site(s).

What is the best way to protect/store following coins?

IOTA

RIpple

Verge

SiaCoin

ReddCoin

SafeExchangeCoin

BitBay

Sequence

Golem

Ardor

LBRY

STEEM

Dodge

Stellar

MUSICCoin

NXT

Please help guys.

I think if there all in the exchange platform, apply 2fa especially if all of it are in bittrex exchange so that it will not be hack
by someone. This is the only things I know about it

eternalgloom

legendary

Activity: 1792

Merit: 1283

One option would be to create different paper wallets for all of those coins, like many people above mne have suggested.
This can be especially useful if you're planning on holding these coins for a long period of time.

However, it might also be a good idea to get all of those coins' wallets on a SD card or USB stick and transfer the coins to them.
It would be easier to access them that way.

agustina2

legendary

Activity: 2436

Merit: 1008

You bought those bunch of coins to make trades or to just hold for long? Im just confused because some of them are good for day trades and not fit for long term holding due to high volatility.

If your purpose is really just to save them, go on to their respective website and download the wallet there. It's more useful if the client will come to their respective as it was designed not just to saved your coins but even the private keys of it.

HaXX0R1337

sr. member

Activity: 574

Merit: 252

If you are not having any plans to trade for a long time then you should move all your coins in their respected wallets in which you are able to control the private keys,just check their official websites and learn how to move the coins and the safest storing method,never use online wallets or exchanges to store your coins for a long time.

Luke2939

full member

Activity: 224

Merit: 100

Building Wealth through AI and the power of the bl

Quote from: The Enoeht on June 27, 2017, 11:33:22 AM

I have invested a few thousand USD in last few days. I have worked hard to save the money so I want to do everything in my power and protect my coins.
At the moment coins are on exchange site(s).

What is the best way to protect/store following coins?

IOTA

RIpple

Verge

SiaCoin

ReddCoin

SafeExchangeCoin

BitBay

Sequence

Golem

Ardor

LBRY

STEEM

Dodge

Stellar

MUSICCoin

NXT

Please help guys.

Use a paper wallet and keep it some where safe. Learn how to make a paper wallet by Googling. There are lots of articles available. Read at least 3 to 5 articles before making a paper wallet. Whatever you do, it is never safe to store large amount of your crypto portfolio in an exchange. In fact, you should not store at any in sites which doesn't give you the control of the private key of your wallet.

vlom

legendary

Activity: 1498

Merit: 1117

Quote from: The Enoeht on June 27, 2017, 11:33:22 AM

I have invested a few thousand USD in last few days. I have worked hard to save the money so I want to do everything in my power and protect my coins.
At the moment coins are on exchange site(s).

What is the best way to protect/store following coins?

IOTA

RIpple

Verge

SiaCoin

ReddCoin

SafeExchangeCoin

BitBay

Sequence

Golem

Ardor

LBRY

STEEM

Dodge

Stellar

MUSICCoin

NXT

Please help guys.

you have to check for the wallets on the websites of the coins.
e.g.
https://nxt.org for NXT and Ardor. You don't have to download the hole blockchain.

http://bitbay.market for bay.

zeflex

full member

Activity: 180

Merit: 100

You have a multicoins wallet for android, named Coinomi but not available for desktop Sad

AleSergio

sr. member

Activity: 378

Merit: 250

BuyAnyLight - Blockchain LED Marketplace

Some exchange sites, could be not so great to store your coins there, that why it would be better to store them on wallets, which you can keep on your computer. Bittrex or Poloniex are good exchangeres and have a great and clear history, so you can also keep some coins there and souldn`t be afraid for them

clardalan

member

Activity: 126

Merit: 10

Bitcoin amateur learning by doing

read this:

https://steemit.com/cryptocurrencies/@alttrader/5-recommendations-succesful-investors-do-lessons-from-400-days-of-cryptotrading

Tradegroup

full member

Activity: 144

Merit: 100

You can store some of those coins on a Nano ledger S, very usefull

couture

full member

Activity: 126

Merit: 100

It should be possible to store all of your coins in paper wallets or at the very least deep freeze offline wallets

Paper is the most secure really... as long as you dont lose the paper.... but also takes the longest to thaw it out

The Enoeht

full member

Activity: 190

Merit: 100

I have invested a few thousand USD in last few days. I have worked hard to save the money so I want to do everything in my power and protect my coins.
At the moment coins are on exchange site(s).

What is the best way to protect/store following coins?

IOTA

RIpple

Verge

SiaCoin

ReddCoin

SafeExchangeCoin

BitBay

Sequence

Golem

Ardor

LBRY

STEEM

Dodge

Stellar

MUSICCoin

NXT

Please help guys.

Topic: How to protect my altcoins? Please help. - page 2. (Read 1581 times)