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Topic: Is it possible to have one wallet for all cryptos? - page 3. (Read 754 times)

newbie
Activity: 24
Merit: 0
Seems like this could potentially be a recipe for disaster for the coin owner.

newbie
Activity: 44
Merit: 0
i think  it is not possible.Many crypto moneys have different structures  Smiley   and i think  it's better to have multiple wallets because it is more secured.  Much better if you invest on a hardware wallet.
sr. member
Activity: 630
Merit: 250
Technically speaking, is it possible to have one wallet for all cryptocurrencies?

It is such a big pain that we have to use o many wallets if we want to trade many altcoins.

Technically, it is almost impossible. some wallets providers are trying to do so, but the amount of coins are growing with their own platform and their own unique codes. the wallets sometime needs to adapt, but not always up to date. moreover, if you are in bounty programs, they ask you to use their own wallet and in the end, you need more than one wallet.
hero member
Activity: 1344
Merit: 502
I would recommend using a trusted crypto currency exchange
to store all your bitcoin and altcoins in one place for easy usage
to access your cryptos, allot of trusted exchange is out there to choose from.
legendary
Activity: 3038
Merit: 4418
Crypto Swap Exchange
Depends on what you define as a wallet. Its certainly possible for online wallets to include as many cryptos as they want. The users don't have to have much resources to use them. For desktop wallets, full nodes could be quite a lot harder, especially with the fact that some blockchains could take up quite a significant space.

Exodus is a wallet that does this. I wouldn't consider it as secure since it is a server validation wallet.
legendary
Activity: 1344
Merit: 1251
Hi,

For me, this seems impossible if you really own several different cryptos. I guess that what you want is variety, and at the same time so easy way to manage all that.

Well, for now I think that most platform won't allow you to have that many different cryptos in your wallet. I guess that it is hard technically. Or maybe more profitable for them to see their users split between several wallet..
sr. member
Activity: 1918
Merit: 370
Well i think it is possible, because a wallet is only a storage unit so one can create this, and i think that there is one already, but as far as i am using I have separate wallets for my tokens and bitcoin. Creating a wallet that can hold all kinds of cryptos will be phenomenal because there is no hassle of accessing multiple wallets just to get your tokens.
member
Activity: 378
Merit: 10
As long as you make sure you owe a secured and safe wallet I don't see why you shouldn't keep them all together. There are wallets which allow you to use it for more cryptos
member
Activity: 392
Merit: 10
Thanks a lot for this important question. I have been meaning to ask same question for a while because I have seen wallets that support a good number of cryptocurrencies but I am yet but see the one that supports all. I guess they don't see a need for it because I believe it is possible.
sr. member
Activity: 630
Merit: 251
Technically speaking, is it possible to have one wallet for all cryptocurrencies?

It is such a big pain that we have to use o many wallets if we want to trade many altcoins.
No. The reason behind that is because it is too risky. I know I've already answered this question and I am gonna say this again. A wallet capable of storing all of the types of alt coins is a very nice target for hackers because they will know that there will be a lot of cryptos stored there. Why seek for this? You are aware that even MyEthereWallet had already been hacked although that wallet can only store specific types of altcoins.
newbie
Activity: 9
Merit: 0
I like jaxx. He have many altcoins, and have exchange.
full member
Activity: 406
Merit: 100
I think you can easily find a wallet that supports all of your cryptos. It would be easier for the owners to have all of them in  just one wallet but in the same time is not as secured as it would be if you owe more wallets
full member
Activity: 280
Merit: 100
Technically speaking, is it possible to have one wallet for all cryptocurrencies?

It is such a big pain that we have to use o many wallets if we want to trade many altcoins.


what is the problem when you have to use some wallets for different altcoin? and it will not take long. What is the difference ? I did not bother with it.
right now I guess we've got used to using MEW and this is pretty light. and for bitcoin there are many options. the most important is the security problem.
member
Activity: 532
Merit: 10
As far as I know at the moment there is no one wallet for all currencies. You can use the MEW, It is ideal for storing the ethereum tokens, and also use a hardware wallet to store other coins.
full member
Activity: 208
Merit: 100
Technically speaking, it is possible to make a wallet holding all your cryptos. Personally, i prefer to hold each altcoin in its wallet.
full member
Activity: 714
Merit: 117
I guess this should be technically possible and for sure it would be very useful, especially if it'll be a hardware wallet. Therefore I guess at some point someone might decide to deliver something like that.
full member
Activity: 372
Merit: 100
The Organic Growth Token
Technically speaking, is it possible to have one wallet for all cryptocurrencies?

It is such a big pain that we have to use o many wallets if we want to trade many altcoins.
As of now, I think it is not possible given that yhere are many cryptocurrencies. there are online wallet apps whereas you can store 2 cryptos at a time but that's way too far on the majority of cryptos. But maybe, sooner or later things might change. But also, you don't really need a wallet that can carry thousands of crypto since you will just aquire some given that not all cryptos are really profitable.
member
Activity: 350
Merit: 10
In reality, there are thousandths of different virtual/Crypto currency in existence which every single of it has different features, making very impossible to merge into one wallet alone. Though I've already been in good wallets that is capable of storing multiple crypto addresses such as Coinomi for example, but it has also limitations.
full member
Activity: 406
Merit: 100
Technically speaking, is it possible to have one wallet for all cryptocurrencies?

It is such a big pain that we have to use o many wallets if we want to trade many altcoins.
For private wallet  i guess its hard to create an application that can store all crypto coins considering each coins has its own common list of rules that need to be satisfied  and may unique to other coins like ERC20 coins has different rules  than bitcoin same as XRP, Cardano and other independen coins
hero member
Activity: 994
Merit: 544
Technically speaking, is it possible to have one wallet for all cryptocurrencies?

It is such a big pain that we have to use o many wallets if we want to trade many altcoins.

It is possible if all cryptocoins will be converted to a token. Just like those tokens using ethereum platform there are hundreds of them and they are using myetherwallet as their wallet. So if we want one wallet we must make a smart contract to bitcoin and all altcoins will use bitcoin platform that way using bitcoin address we can access all those coins that are already in its token form.
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