Topic: Storing altcoins? (Read 776 times)
I store my "trading" coins in the exchanges...the rest go to my Ledger Nano S when possible but sadly some are not supported yet.
Where do you guys store ur altcoins. I have a list on Bittrex that i just want to keep longterm (smart move?):
Lisk
Omg
Zencash
Ubiq
Ark
Radium
Monaco
Monero
Siacoin
Gulden
Do i have to manually create a wallet for each of m?
It's not the best idea to store your coins in an exchange platform. Especially if you plan to store for a long time. You can never be sure that the exchange doesn't vanish tomorrow morning along with your coins. You could store them on a hardware wallet such as a TREZOR or Ledger, but still make a backup, or better a few ones on external disks. Lisk
Omg
Zencash
Ubiq
Ark
Radium
Monaco
Monero
Siacoin
Gulden
Do i have to manually create a wallet for each of m?
Where do you guys store ur altcoins. I have a list on Bittrex that i just want to keep longterm (smart move?):
Lisk
Omg
Zencash
Ubiq
Ark
Radium
Monaco
Monero
Siacoin
Gulden
Do i have to manually create a wallet for each of m?
Safest is to create your own paper wallet for long term. Lisk
Omg
Zencash
Ubiq
Ark
Radium
Monaco
Monero
Siacoin
Gulden
Do i have to manually create a wallet for each of m?
Never trust to exchange sites. There is always big risk on exchange sites
Remember btc-e shutdown and decide what to do . and what to trust
Liskcoin and monaco. If you only want to hold 1 coin, hold lisk. Lisk is a good coin which has a great roadmap. Monaco is ICO's token and as you can see, ICO is banned mostly everywhere and it is hard for monaco to continue to grow. However, it is still potential since the card has been releashed
Well Lisk i think is for long term. I have a wallet now. The official one for that.
Not to sure long term bout others. Zencash i think so and pvx, and gulden as well.
Not to sure long term bout others. Zencash i think so and pvx, and gulden as well.
Seriously, don't store any coins on the exchanges. They will eventually be hacked and you will loose everything.
I'm in the same boat at OP where I own multiple altcoins and I'm trying to find the best way to secure them. The majority of my coins are long holds so moving them from an exchange seems the best option but I'm also finding it hard to find which wallets to install. While I figure out which wallets to install I'm going to look at securing as many as I can in one of the multi wallets available. Which would this forum suggest I use between Exodus and Jaxx? Is one more expensive than the other to use for fees? Which do you think is the better secure wallet?
Thanks!
Thanks!
If you are holding a lot of those coins, I suggest you move them on a wallet that you hold the private key. It is extra work but it is the only way you can surely store your coins securely. But if it just a few hundreds of dollars in value, you can keep it in your trusted exchange.
It is much safer to store coins in your own wallet, but if you have like 20 altcoins it can be a drag. I'm thus also keeping them on an exchange, 'cause I'm just too lazy to install 20 different wallets 
Wallets like exodus, my ether wallet and jaxx that you can hold your private keys are better but I think you can also store your coins in trusted legal exchanges.
You can absolutely store erc20 tokens on your Ledger wallet. You can view and send the tokens through myetherwallet that easily connects to your Ledger.
If you have big quantities you have to make each one in its proper wallet. If small amounts for short terms you can make your sell offer on bittrex and wait for it.
It really depends on the quantity you have. If you have a big amount of Lisk for example, you should definitely move it to a more secure wallet such as https://login.lisk.io/
Same goes for the rest, you have more chances to get hacked on exchanges than on wallets.
Op should follow this advice, storing huge amounts on exchanges is really a risky thing and i do strongly believe that theres no trusted exchanges and most of them would definitely experience problems later on and if you dont like for your funds to be affected then its better to move out on their respective wallets.If its quiet hassle but dont mind on that thing as long your coins are safe. Same goes for the rest, you have more chances to get hacked on exchanges than on wallets.
It really depends on the quantity you have. If you have a big amount of Lisk for example, you should definitely move it to a more secure wallet such as https://login.lisk.io/
Same goes for the rest, you have more chances to get hacked on exchanges than on wallets.
Same goes for the rest, you have more chances to get hacked on exchanges than on wallets.
Where do you guys store ur altcoins.
i have an account on bittrex with a strong password and 2FA and i keep the altcoins i buy in there. but i always sell them fast and after i am in profit i take out a big part of my bitcoins out to my cold storage.although there is only one altcoin that i am holding and it is Litecoin. and for that i also have a cold storage. it is paper wallet created with liteaddress.org.
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I have a list on Bittrex that i just want to keep longterm (smart move?):
not so much in my opinion. these coins are not known to perform well in the long term. but they all do well in short term when they get pumped.
Exodus Eden wallet has support for quite a few coins, but not all of the coins that you've listed
https://www.exodus.io/eden/
Coinomi is another multi-coin wallet, but it's only available for Android and IOS, that's a dealbreaker for me.
https://coinomi.com/
I personally keep each coin in it's original wallet on a large USB drive and I also have a backup on another one.
If I intent to trade, I keep it on Bittrex for a couple of days/weeks.
https://www.exodus.io/eden/
Coinomi is another multi-coin wallet, but it's only available for Android and IOS, that's a dealbreaker for me.
https://coinomi.com/
I personally keep each coin in it's original wallet on a large USB drive and I also have a backup on another one.
If I intent to trade, I keep it on Bittrex for a couple of days/weeks.
If you have a significant amount of Lisk or Ark, it would be almost always preferable to download the wallets in order to stake them (as they can stake passively without your computer needing to be on). For others, you need to balance between the risk of the exchanges losing your coins vs. the hassle of downloading the wallets + keeping track of your balances. Of course, another benefit of keeping coins on the exchanges is that you can sell them quicker, especially if you are a trader.
Download their individual wallets if they have. You don't want to be sorry for yourself when these exchanges stop functioning or got hacked.
Where do you guys store ur altcoins. I have a list on Bittrex that i just want to keep longterm (smart move?):
Lisk
Omg
Zencash
Ubiq
Ark
Radium
Monaco
Monero
Siacoin
Gulden
Do i have to manually create a wallet for each of m?
Lisk
Omg
Zencash
Ubiq
Ark
Radium
Monaco
Monero
Siacoin
Gulden
Do i have to manually create a wallet for each of m?
When you're dealing with multiple coins, your best bet is to use a trusted exchange to store your coins as it would be a reduce the hassles of having to download all the wallets and carrying out transactions. I would recommend Poloniex or Bittrex as long as you're not storing huge amounts.
Where do you guys store ur altcoins. I have a list on Bittrex that i just want to keep longterm (smart move?):
Lisk
Omg
Zencash
Ubiq
Ark
Radium
Monaco
Monero
Siacoin
Gulden
Do i have to manually create a wallet for each of m?
No. Just store it in bittrex. I can say that there are now many altcoins that is full of potential and really good for investment. Storing and holding altcoins is very effective way to earn more profit. I prefer to you to sell it in right time. Lisk
Omg
Zencash
Ubiq
Ark
Radium
Monaco
Monero
Siacoin
Gulden
Do i have to manually create a wallet for each of m?
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