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Topic: Is it possible to have one wallet for all cryptos? - page 7. (Read 754 times)

legendary
Activity: 2338
Merit: 10802
There are lies, damned lies and statistics. MTwain
Currently there doesn't seem to be one, at least a hardware wallet, which is way safer than online wallets.

Keep in mind though that many cryptos are utility tokens (ERC-20 for example). That means that you do not need a specific support on the wallet for that crypto, since it should automatically be supported by your ETH Wallet (or your hardware wallet connected to MEW - MyEtherWallet).

hero member
Activity: 756
Merit: 505
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.

Nope. Not possible at all (although technically yes, but it is impossible due to other factors). Since cryptocurrencies all have different code that would be hard to place into one wallet. It would take a huge effort to do so and a lot of crypto currencies are not even worth the effort of writing into the supposed/proposed all-in-one-crypto-wallet. There are online wallets though that tries to implement this, but since it is online, it is quite hard to trust.
member
Activity: 144
Merit: 10
There is of course a possibility of this, but for security I would only stick to a dedicated wallet, we must not forget there are many Blockchains and sidetokens and of course differing algos for the coins and tokens, let's keep it simple eh.
jr. member
Activity: 93
Merit: 4
For one wallet for all cryptocurrencies I think that's very unlikely, because each coin has its own wallet for their coin characteristics.
legendary
Activity: 1568
Merit: 1031
It is possible and you will find wallets that support multiple cryptocurrencies but none of them will ever support each one of them because there is a lack of interest. A wallet provider wouldn't waste resources to develop something that is not going to be used.
full member
Activity: 448
Merit: 102
There are some wallets which supports many cryptos but having one wallet saving all cryptos is hard but not impossible.
newbie
Activity: 210
Merit: 0
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.
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