Perhaps, some kind of hybrid wallet, which will support various blockchain and transactions of varying complexity. Technically, this is very difficult. For all the crypto-currencies that exist, most likely, it will not be possible, daily new tokens and coins appear. Many tokens come out with a new own blockchain, so one wallet will technically be difficult to maintain.
Now there are convenient multi-currency wallets for daily use, MEW, Jaxx and others.
Topic: Is it possible to have one wallet for all cryptos? - page 4. (Read 754 times)
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There isnt a single wallet that supports all cryptos because there are hundreds of coins on the market right now and it is a lot of work to develop a wallet that supports all of them and anyway people are probably going to use only about 5% of them so it would be useless to have some many coins on a single wallet. The only way to keep all your coins in a single place is through an online exchanger wich offers you dozens of coins available but that is not very safe to do because if someone breaks into your wallet he would stole all your coins
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 such a big pain that we have to use o many wallets if we want to trade many altcoins.
I think as far as my knowledge i didnt find a wallet which will support all cryptos. The reason is due to each coins has its own specific characteristics and values. And more over it is not safe for us to hold all the cryptocoins in to one wallet. For safety and security reasons dont bind with single wallet use repective wallets which support the respective coins.
Yes I think I can have I'm sitting on one but still it's bounty and I have to transfer to other wallets. And if only you can buy one you can do with one purse.
Ya, it's possible in Feature I know about there are many wallets those can accept almost all popular cryptocurrencies including Bitcoin Ethereum Ripple, The No# 1 wallet is Jaxx.io and more wallet available which accepts many cryptocurrencies.
It would be possible but with so many new coins popping up daily it will be quite hard to have to keep up with all of the coins since the wallet would need to be updated regularly to support whatever new coin comes out. It's not really a question of if it's possible but more of a question of it's worth the effort that will go into creating something as complex as that.
Wallets need to know how to generate new addresses and check for incoming transactions, and should verify that transactions (and also if possible blocks) are valid, so they will need to know some important information about each coin. Some coins which are simple forks of each other don't require much extra info, just the difference in magic bytes, port numbers, chain parameters, etc. While others which have much larger changes like those with different mining algorithms, different transaction structures, different signature algorithms etc would require more in depth implementation as well. So in general no, a wallet can't trivially accept all currencies, each requires implementation.
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 such a big pain that we have to use o many wallets if we want to trade many altcoins.
There are wallets that offers different cryptocurrencies but they are only limited. They offer only applicable crypto to the specific location or country. But I do hope so there app developer could make it possible. Having all the cryptos in one wallet will be less hassle. Less chances of forgetting the account names and passwords and for better security.
Presently, there is no wallet which can hold all the cryptocurrencies in existence but some hold more than others. I know somewhere soon along the line someone will develop one that will though.
I think for now it is impossible and if ever someone will create a wallet with all your cryptos, don’t you think it is too risky? Like for example, you lost or forgot your private keys then all of your money and investment will be gone too. The good thing about having different wallets is if you forget one, there is a tendency that you can still recover it and you have other wallets that stores your other coin too. You don’t get to lose everything.
It is possible that in the future there is a wallet that supports all cryptocurrency. Currently I think the wallet application is currently expanding
You can use one wallet for your ERC20-based coins like MEW. However, I don't think using one wallet for all your coins is recommended because what if your wallet got hacked? All your coins will be gone. I think it is better to use multiple wallets. Much better if you invest on a hardware wallet.
Actually it is not possible.Many crypto moneys have different structures and need to be used in their own wallets.If you give an example, you can collect the same wallet as the erc 20 tokens, but you need a different wallet for the others.
As far as i can tell only blockchain.info is offering a multi cryptocurrency wallet where Bitcoin, Bitcoin Cash and Ethereum are the coins that you can be able to exchange and sell there.
There's no impossible when it comes to technology. However this kind of scenario would be more possible but it will take a lot of time because of the tons of regulations.
Actually it is not possible.Many crypto moneys have different structures and need to be used in their own wallets.If you give an example, you can collect the same wallet as the erc 20 tokens, but you need a different wallet for the others.
I'm not sure, but I think there is already such a wallet. If I do not think it can be done.
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 can be possible but do you think having only one wallet is safe to use? What if your wallet got hacked? How can you accept if it happen?It is such a big pain that we have to use o many wallets if we want to trade many altcoins.
For me, it is good to have many wallets so that you can atleast recover some of your altcoins in case hackers or phishing site enter in your account. Don't you agree?
For altcoins and new coins you can have myetherwallet.
For Bitcoin, Ethereum, Litecoin and Bitcoin Cash you can have coinbase wallet.
I strongly advise you to have two or three wallets if you want to store lump sum crypto for security reasons.
For Bitcoin, Ethereum, Litecoin and Bitcoin Cash you can have coinbase wallet.
I strongly advise you to have two or three wallets if you want to store lump sum crypto for security reasons.
I think now such a wallet is not needed. At the moment, there are a lot of unnecessary coins that will soon disappear!
I think it's possible, but some users suggested that it's better to have multiple wallets because it is more secured. In some instances whenever someone hacked your wallet then not all your coins will be stolen.
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