Is having a separate wallet for each coin you own safer than putting several different coins into the same wallet?
in as much as you can handle/manage all private keys at the same time i see problem with this. 
Topic: Is it safer to have a separate wallet for each coin you own? (Read 140 times)
Is having a separate wallet for each coin you own safer than putting several different coins into the same wallet?
As you might have seen, such a question isn't that easy to answer. Therefore it would be great if you could elaborate a bit more on what your circumstances are. What do you consider safe, what is your setup and what are you going to do in crypto world? If you just buy some coins then hold them, it really doesn't make that much of a difference and in that case, you should go for a hardware wallet. If on the other hand, you want to take part in airdrops and all kinds of shenanigans, then you need a whole other level of safe and multiple wallets aren't the worst idea. So what will it be
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Each wallet is safe as much as you have been careful to store a private key or seed phrase in a safe place. The safest wallet is a paper wallet. The most practical is to use multi-coin wallet for everyday use, especially if you travel frequently. In this you can hold enough coins to make the necessary transactions, and large amounts are best stored in a paper wallet. Each wallet for a single coin is demanding for your computer because all the wallets have to be synchronized for use and take up huge disk space and create a huge traffic.
It's easier to collect forked coins if you run your own wallets.
I think it's physically impossible to have a wallet for every coin. For example, turtlecoin, a very new coin, already has a blockchain to sync at 4 gb.
Bitcoin has a blockchain of 150 gb.
If you got a separate wallet for each coin, you're looking at syncing over 1 TB....
That said, it's safer to get a new wallet for each coin because of mitigated risk. If one wallet gets hacked, at least you don't lose all your eggs because they weren't in one basket.
Bitcoin has a blockchain of 150 gb.
If you got a separate wallet for each coin, you're looking at syncing over 1 TB....
That said, it's safer to get a new wallet for each coin because of mitigated risk. If one wallet gets hacked, at least you don't lose all your eggs because they weren't in one basket.
Keeping your coins in separate wallets is more leg work for you, but you can consider it like hiding cash...you can put all your cash in your top sock drawer, or put $100 in the fridge, and a $100 in your sock drawer. It definitely diversifies your funds, but you can also put all your money in a safe (metaphor for a hardware wallet) and it'll be quite protected.
Hope this helps
Hope this helps
Is having a separate wallet for each coin you own safer than putting several different coins into the same wallet?
Yes its much safer than you are just putting all your cryptocurrency in one wallet better to use the official or trusted wallet separately There are some people having scam by using some wallet that can handle any altcoins sometimes their wallet funds are gone so beware of using a wallet which is not verified trusted..
But there are wallet are safer but its a hardware wallet that you can use in offline like trezor or ledger nano s but not all altcoin are supported..
And hope you read the sticky post first https://bitcointalksearch.org/topic/general-bitcoin-wallets-which-what-why-1631151
Is having a separate wallet for each coin you own safer than putting several different coins into the same wallet?
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