If anyone has great ideas on how to keep your altcoin wallets aka QT programs safe then i'm all ears. What limitations do you guys/gals face with the trezor and nano s devices and what complaints have you found?
-CointoHash411
Topic: How/where does everyone run their ALT wallets? (Read 139 times)
I use hardware wallets to keep majority of my coins. For those coins not supported by hardware wallets, I use the official wallets.
Tbh those hardwere wallets are not much better then the common cold storage for your wallets. if you have a large amount of altcoins then you can just store your private keys offline (on a flash drive for example) or use a wallet that support 2fa. Imho the mentioned idea of diversification of your altcoins to multiple wallets sounds pretty bad. There will be more risks than potential safety and you will need to store those keys separately on multiple devices to make this idea work.
Make sure to also diversify your wallet accounts. DON'T hold everything in the same wallet, minimize risk by having multiple ones so that if one gets compromised, you're not losing everything.
Having multiple wallets is good diversification, but usually we keep all private keys in one place from multiple wallets. Thus, if we are hacked - all our funds will go away((
If you can let me know the obvious vulnerabilities that come with running all these alt wallets in an non-diversified manner, let me know.
-CointoHash411
Ok,
To let the cat breath out of the bag.
I am planning on designing a wallet node system that will sync wallets between them securely using RPI or UP boards. I want to give the ability to off load all this block chain syncing to a iot device vs keeping them on an single compute device that is also being utilized for a majority of other tasks.
-CointoHash411
To let the cat breath out of the bag.
I am planning on designing a wallet node system that will sync wallets between them securely using RPI or UP boards. I want to give the ability to off load all this block chain syncing to a iot device vs keeping them on an single compute device that is also being utilized for a majority of other tasks.
-CointoHash411
Make sure to also diversify your wallet accounts. DON'T hold everything in the same wallet, minimize risk by having multiple ones so that if one gets compromised, you're not losing everything.
Having multiple wallets is good diversification, but usually we keep all private keys in one place from multiple wallets. Thus, if we are hacked - all our funds will go away((
Good morning,
I am trying to gather more information on how/where everyone is keeping their ALT wallets? I know many of us don't store most of it in the exchanges due to their risk.
The questions I am attempting to answer are these:
1. Are you using a separate dedicated computer to keep all the ALT wallets on?
2. What alternate software for wallets is out their and is it crap?
3. Would you rather have a hardware wallet like a TREZOR or Ledger Nano S than a small footprint computer device like a PI?
4. What are the core limitations & differences of the two hardware wallets above?
Much thanks to all that can help me answer these questions!
-CointoHash411
Thinking about safety for a long time now. Saw many people in the forum that lost their crypto savings. I think I am gonna use separate notebook for crypto (thinking to buy a cheap) and a harwallet (50%/50%).I am trying to gather more information on how/where everyone is keeping their ALT wallets? I know many of us don't store most of it in the exchanges due to their risk.
The questions I am attempting to answer are these:
1. Are you using a separate dedicated computer to keep all the ALT wallets on?
2. What alternate software for wallets is out their and is it crap?
3. Would you rather have a hardware wallet like a TREZOR or Ledger Nano S than a small footprint computer device like a PI?
4. What are the core limitations & differences of the two hardware wallets above?
Much thanks to all that can help me answer these questions!
-CointoHash411
I still didn't get the mechanism of hardwallet, so not sure to store all 100% on one device.((
Good morning,
I am trying to gather more information on how/where everyone is keeping their ALT wallets? I know many of us don't store most of it in the exchanges due to their risk.
The questions I am attempting to answer are these:
1. Are you using a separate dedicated computer to keep all the ALT wallets on?
2. What alternate software for wallets is out their and is it crap?
3. Would you rather have a hardware wallet like a TREZOR or Ledger Nano S than a small footprint computer device like a PI?
4. What are the core limitations & differences of the two hardware wallets above?
Much thanks to all that can help me answer these questions!
-CointoHash411
Most secured place to hold your alts is in a hardwallet ledgern nano s and trezor is almost the same,but i recommend nano s because its cheaper and handy the only limitations with these two hardwallets is you can put all the alts out there some are not yet listed,dont trust any online wallet they are risky storage.I am trying to gather more information on how/where everyone is keeping their ALT wallets? I know many of us don't store most of it in the exchanges due to their risk.
The questions I am attempting to answer are these:
1. Are you using a separate dedicated computer to keep all the ALT wallets on?
2. What alternate software for wallets is out their and is it crap?
3. Would you rather have a hardware wallet like a TREZOR or Ledger Nano S than a small footprint computer device like a PI?
4. What are the core limitations & differences of the two hardware wallets above?
Much thanks to all that can help me answer these questions!
-CointoHash411
Thanks but doesn't the Ledger and Trezor still need to update/sync the block on their respective block chains? I am seeing that both wallets have this issue.
Respectfully,
-CointoHash411
Make sure to also diversify your wallet accounts. DON'T hold everything in the same wallet, minimize risk by having multiple ones so that if one gets compromised, you're not losing everything.
Good morning,
I am trying to gather more information on how/where everyone is keeping their ALT wallets? I know many of us don't store most of it in the exchanges due to their risk.
The questions I am attempting to answer are these:
1. Are you using a separate dedicated computer to keep all the ALT wallets on?
2. What alternate software for wallets is out their and is it crap?
3. Would you rather have a hardware wallet like a TREZOR or Ledger Nano S than a small footprint computer device like a PI?
4. What are the core limitations & differences of the two hardware wallets above?
Much thanks to all that can help me answer these questions!
-CointoHash411
Most secured place to hold your alts is in a hardwallet ledgern nano s and trezor is almost the same,but i recommend nano s because its cheaper and handy the only limitations with these two hardwallets is you can put all the alts out there some are not yet listed,dont trust any online wallet they are risky storage.I am trying to gather more information on how/where everyone is keeping their ALT wallets? I know many of us don't store most of it in the exchanges due to their risk.
The questions I am attempting to answer are these:
1. Are you using a separate dedicated computer to keep all the ALT wallets on?
2. What alternate software for wallets is out their and is it crap?
3. Would you rather have a hardware wallet like a TREZOR or Ledger Nano S than a small footprint computer device like a PI?
4. What are the core limitations & differences of the two hardware wallets above?
Much thanks to all that can help me answer these questions!
-CointoHash411
Thanks but doesn't the Ledger and Trezor still need to update/sync the block on their respective block chains? I am seeing that both wallets have this issue.
Respectfully,
-CointoHash411
Good morning,
I am trying to gather more information on how/where everyone is keeping their ALT wallets? I know many of us don't store most of it in the exchanges due to their risk.
The questions I am attempting to answer are these:
1. Are you using a separate dedicated computer to keep all the ALT wallets on?
2. What alternate software for wallets is out their and is it crap?
3. Would you rather have a hardware wallet like a TREZOR or Ledger Nano S than a small footprint computer device like a PI?
4. What are the core limitations & differences of the two hardware wallets above?
Much thanks to all that can help me answer these questions!
-CointoHash411
Most secured place to hold your alts is in a hardwallet ledgern nano s and trezor is almost the same,but i recommend nano s because its cheaper and handy the only limitations with these two hardwallets is you can put all the alts out there some are not yet listed,dont trust any online wallet they are risky storage. I am trying to gather more information on how/where everyone is keeping their ALT wallets? I know many of us don't store most of it in the exchanges due to their risk.
The questions I am attempting to answer are these:
1. Are you using a separate dedicated computer to keep all the ALT wallets on?
2. What alternate software for wallets is out their and is it crap?
3. Would you rather have a hardware wallet like a TREZOR or Ledger Nano S than a small footprint computer device like a PI?
4. What are the core limitations & differences of the two hardware wallets above?
Much thanks to all that can help me answer these questions!
-CointoHash411
Good morning,
I am trying to gather more information on how/where everyone is keeping their ALT wallets? I know many of us don't store most of it in the exchanges due to their risk.
The questions I am attempting to answer are these:
1. Are you using a separate dedicated computer to keep all the ALT wallets on?
2. What alternate software for wallets is out their and is it crap?
3. Would you rather have a hardware wallet like a TREZOR or Ledger Nano S than a small footprint computer device like a PI?
4. What are the core limitations & differences of the two hardware wallets above?
Much thanks to all that can help me answer these questions!
-CointoHash411
I am trying to gather more information on how/where everyone is keeping their ALT wallets? I know many of us don't store most of it in the exchanges due to their risk.
The questions I am attempting to answer are these:
1. Are you using a separate dedicated computer to keep all the ALT wallets on?
2. What alternate software for wallets is out their and is it crap?
3. Would you rather have a hardware wallet like a TREZOR or Ledger Nano S than a small footprint computer device like a PI?
4. What are the core limitations & differences of the two hardware wallets above?
Much thanks to all that can help me answer these questions!
-CointoHash411
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