Topic: Question/Comments for those with many coins who store in wallets (Read 137 times)
Putting altcoin in private wallets in principle makes property safer, but in some cases it can also make your trading system very cumbersome, both good and bad.
December 25, 2017, 06:24:24 AM
So I've got about 30+ coins and currently in the process of moving them off exchanges and storing them in wallets.
WHAT A PAIN IN THE ASS. The Ledger Nano only supports a few which leaves a bunch of desktop clients that take DAYS to sync the block chain... if ever! What happens if I leave the coins in cold storage, want to sell them, fire up the computer and the wallet takes 24 hours to resync??? One might miss their sell opportunity.
Is there a better way to handle this?
WHAT A PAIN IN THE ASS. The Ledger Nano only supports a few which leaves a bunch of desktop clients that take DAYS to sync the block chain... if ever! What happens if I leave the coins in cold storage, want to sell them, fire up the computer and the wallet takes 24 hours to resync??? One might miss their sell opportunity.
Is there a better way to handle this?
No, you just have to find the right balance between hardware wallets, light clients, paper wallets, full node wallets that you keep synchronized and full node wallets that you don't keep synchronized. You also need to take security into account: you have wallets that you can trust completely, wallets that you don't trust completely and wallets you can't trust at all. It's always a good idea to run untrusted software on separated hardware or on virtual machines (if you have enough resources to do so).
December 25, 2017, 03:12:47 AM
TC, if you want to sell your coins someday(if it is in nearest future) you dont need ledger to stack them. Try Jaxx for example, as mentioned above. And one recommendation - dont use your phone to get access to your wallet(if its not apple ar you are not android-guru)
Cold storage and hardware wallet are needed in case of looong hodling
Or big amount of money 
Cold storage and hardware wallet are needed in case of looong hodling
Or big amount of money December 24, 2017, 10:22:32 PM
Try multicoin wallets like;
Coinomi : Supports almost every coin and is open source
Jaxx : Supports ETH, LTC, ETC, BTC and quite trusted light weight wallet
Exodus : Inbuilt exchange, easy recovery and supports few more coins than jaxx also works smoothly
Freewallet : haven't used them because there are some bad reviews
Coinomi : Supports almost every coin and is open source
Jaxx : Supports ETH, LTC, ETC, BTC and quite trusted light weight wallet
Exodus : Inbuilt exchange, easy recovery and supports few more coins than jaxx also works smoothly
Freewallet : haven't used them because there are some bad reviews
Coinomi looks awesome except its android only... just want I want is a six figure wallet on my cell phone
December 24, 2017, 10:09:13 PM
Try multicoin wallets like;
Coinomi : Supports almost every coin and is open source
Jaxx : Supports ETH, LTC, ETC, BTC and quite trusted light weight wallet
Exodus : Inbuilt exchange, easy recovery and supports few more coins than jaxx also works smoothly
Freewallet : haven't used them because there are some bad reviews
Coinomi : Supports almost every coin and is open source
Jaxx : Supports ETH, LTC, ETC, BTC and quite trusted light weight wallet
Exodus : Inbuilt exchange, easy recovery and supports few more coins than jaxx also works smoothly
Freewallet : haven't used them because there are some bad reviews
December 24, 2017, 10:02:31 PM
So I've got about 30+ coins and currently in the process of moving them off exchanges and storing them in wallets.
WHAT A PAIN IN THE ASS. The Ledger Nano only supports a few which leaves a bunch of desktop clients that take DAYS to sync the block chain... if ever! What happens if I leave the coins in cold storage, want to sell them, fire up the computer and the wallet takes 24 hours to resync??? One might miss their sell opportunity.
Is there a better way to handle this?
WHAT A PAIN IN THE ASS. The Ledger Nano only supports a few which leaves a bunch of desktop clients that take DAYS to sync the block chain... if ever! What happens if I leave the coins in cold storage, want to sell them, fire up the computer and the wallet takes 24 hours to resync??? One might miss their sell opportunity.
Is there a better way to handle this?
I feel you man. I am also having the same freaking problem for the past few months. The only solution i had was to leave my coins on the exchanges i use and put the ones that nano accepts into nano. Honestly, i was too lazy to search for other ways which is why i did what i did. I know it's risky but oh well, at least i havent invested much yet on my coins that are on the exchanges.
Really am looking forward for great suggestions here. I'mma watch this thread.
December 24, 2017, 09:46:02 PM
So I've got about 30+ coins and currently in the process of moving them off exchanges and storing them in wallets.
WHAT A PAIN IN THE ASS. The Ledger Nano only supports a few which leaves a bunch of desktop clients that take DAYS to sync the block chain... if ever! What happens if I leave the coins in cold storage, want to sell them, fire up the computer and the wallet takes 24 hours to resync??? One might miss their sell opportunity.
Is there a better way to handle this?
WHAT A PAIN IN THE ASS. The Ledger Nano only supports a few which leaves a bunch of desktop clients that take DAYS to sync the block chain... if ever! What happens if I leave the coins in cold storage, want to sell them, fire up the computer and the wallet takes 24 hours to resync??? One might miss their sell opportunity.
Is there a better way to handle this?
Jump to: