Wallet for different altcoins. - page 3.

asianguy845

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Quote from: Kisifer on May 22, 2020, 05:51:03 AM

Hello all,

New to the scene here and I have a question. When you mine for different altcoins, do you have to have different wallet for each? Or you can have 1 wallet and use it for all the altcoins you mine?

Lets say I have a wallet in |Trust Wallet, can I use that address for storing different altcoins that I mine?

I hope that you understand what I'm trying to say. Sorry but my English is not so good.

Some wallets support many coins, while some only support the main couple of coins.
You will need a different for all of the coins, which if your wallet supports it, can be found under that altcoin and on the deposit option.
A good wallet with lots of coins supported is Exodus, which I currently use.

kesmex

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Activity: 1110

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Quote from: Davian144 on May 22, 2020, 01:06:23 PM

Quote from: Marble777 on May 22, 2020, 12:37:00 PM

If you are a coin miner, I think you need a separate wallet that matches the coins that you are mining. but if the coin / token that you mean is generated from the ERC20 platform I think you only need MEW wallet.

Right, but if I analyze the topic he wrote, it seems like he is talking about all the coins or tokens that everyone has, and in that case certainly the MEW wallet or TRUST wallet is very suitable for use even though the two purses I mentioned are almost same way it works.

absolutely right using the Trust wallet suitable for airdrop hunter, in the Trust wallet all Erc20 and Bep2 tokens can be stored there.
if you want to download it go to Playstore and search Trust Wallet

Dpat

copper member

Activity: 798

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You need to wallet which is more secure to store your altcoins otherwise you could lost your token to the hackers. Again, The choosing of the wallet is depend on which altcoins and crypto you want to store. There are many altcoins which is now created in different blockchain like; Ethereum, Tron, Tezos, Waves, VET etc. If you have altcoins which is on Ethereum blockchain means ERC-20 token, you have to choose a ERC compatible wallet like the MEW wallet. This way you can store your different coin by choosing different wallet. But, if you want to secure your coin more then buy a hardware wallet like; Ledger or Trezor. This wallets are supporting most of the coin and token at one place.

Davian144

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Quote from: Marble777 on May 22, 2020, 12:37:00 PM

If you are a coin miner, I think you need a separate wallet that matches the coins that you are mining. but if the coin / token that you mean is generated from the ERC20 platform I think you only need MEW wallet.

Right, but if I analyze the topic he wrote, it seems like he is talking about all the coins or tokens that everyone has, and in that case certainly the MEW wallet or TRUST wallet is very suitable for use even though the two purses I mentioned are almost same way it works.

Marble777

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If you are a coin miner, I think you need a separate wallet that matches the coins that you are mining. but if the coin / token that you mean is generated from the ERC20 platform I think you only need MEW wallet.

Renampun

sr. member

Activity: 2338

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very risk saving some Altcoins in 1 mix wallet...
The main thing that you should pay attention to if you want to keep multiple coins in one mixed wallet is the reputation of that wallet because there are also mix wallets that have proven to be safe till this day.

Shallow

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Quote from: Kisifer on May 22, 2020, 05:51:03 AM

Hello all,

New to the scene here and I have a question. When you mine for different altcoins, do you have to have different wallet for each? Or you can have 1 wallet and use it for all the altcoins you mine?

Lets say I have a wallet in |Trust Wallet, can I use that address for storing different altcoins that I mine?

I hope that you understand what I'm trying to say. Sorry but my English is not so good.

First it depends on the type of altcoin you are mining and if it is supported by trust wallet. I know Trust wallet supports a good number of altcoins but I do not know the type of altcoin you are mining. Therefore to be on the safer side, open your Trust wallet and search for the respective altcoins, if you find them then you can use Trust wallet. But if you don't, check more about the altcoin and where you can store it. It's very important to make your research about each altcoin, so that you don't end up losing it (i.e sending to the wrong wallet address).

mersal

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Quote from: Kisifer on May 22, 2020, 05:51:03 AM

Hello all,

New to the scene here and I have a question. When you mine for different altcoins, do you have to have different wallet for each? Or you can have 1 wallet and use it for all the altcoins you mine?

Lets say I have a wallet in |Trust Wallet, can I use that address for storing different altcoins that I mine?

I hope that you understand what I'm trying to say. Sorry but my English is not so good.

You can keep multiple coins in one wallet but you need different address for storing different coins, if you send coins to wrong address then you will get invalid address format or you will completely lose your coins.

Trust wallet is multiple crypto supported wallet so it will be perfect for storing less amount of cryptos.

batang_bitcoin

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Activity: 3080

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Of course you can use the Trust Wallet as long as the coin you're mining is being supported by them. There's nothing wrong if you use a multi-coin wallet that supports various coins and if the coin you're recently mining is there, it's an ease actually. But if you don't like things go like that then you're going to use the specific wallet for that coin. And you are required to that if the coin you mine still not yet supported by any multi-coin wallet that you have.

Lantind

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Quote from: Kisifer on May 22, 2020, 05:51:03 AM

Hello all,

New to the scene here and I have a question. When you mine for different altcoins, do you have to have different wallet for each? Or you can have 1 wallet and use it for all the altcoins you mine?

Lets say I have a wallet in |Trust Wallet, can I use that address for storing different altcoins that I mine?

I hope that you understand what I'm trying to say. Sorry but my English is not so good.

Yes, you can use a trust wallet to store all Altcoins, because most of the Altcoins that are supported by wallet trusts are Altcoins that use the ERC20 platform, because there are also sometimes Altcoins that are only supported by the wallet itself, and Altcoins like that are usually not supported by wallets others, like the example on the Altcoin Minter Network.

pilosopotasyo

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Activity: 952

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Quote from: Kisifer on May 22, 2020, 05:51:03 AM

Hello all,

New to the scene here and I have a question. When you mine for different altcoins, do you have to have different wallet for each? Or you can have 1 wallet and use it for all the altcoins you mine?

Lets say I have a wallet in |Trust Wallet, can I use that address for storing different altcoins that I mine?

I hope that you understand what I'm trying to say. Sorry but my English is not so good.

The industry has become very innovative now, we now have a different multi-wallet to cater to all kinds of investors I'm using at least three multi-wallet, the thing is you need to secure all your wallets, once hacked you lose all your coins.

Lunatic_Pandora

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Activity: 84

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saito.io

I really like using Exodus, I can have a shared desktop-mobile wallet, has a nice, ez to use interface and the alt-coin repertoire + the integrated exchange feature is pretty neat with minimal fees.

TGD

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Activity: 1288

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Wen Rolex?

Not all altcoins can be stored in one wallet, some coins have their own or partnered with some platform that only accepts that specific alts. It will depend on what coins or token you'll be able to mine new or old or have their own wallet produced. Though many wallets around been trying to accommodate or lots alt as much as they can it will still depend on what alt they are in or platform they have if eth, waves, etc etc.

JHORN

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Quote from: Kisifer on May 22, 2020, 05:51:03 AM

Hello all,

New to the scene here and I have a question. When you mine for different altcoins, do you have to have different wallet for each? Or you can have 1 wallet and use it for all the altcoins you mine?

Lets say I have a wallet in |Trust Wallet, can I use that address for storing different altcoins that I mine?

I hope that you understand what I'm trying to say. Sorry but my English is not so good.

1. Not all minable coins have mobile wallets
2. If the coin you plan to mine is new you will need to download wallet separately
3. There is 90% chance that the new coin don't have mobile wallet, you can only mine the coin if you have laptop or desktop to run the windows wallet
4. Multi wallets like atomic or trust wallet only support old altcoins

Crypto_lion

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Yes most of the wallets support all etc 20 tokens. When a wallet supports ethereum it means that you can use the wallet to store any erc 20 token. Trust wallet is one of those wallets

Akiko

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Activity: 896

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Quote from: Kisifer on May 22, 2020, 05:51:03 AM

Hello all,

New to the scene here and I have a question. When you mine for different altcoins, do you have to have different wallet for each? Or you can have 1 wallet and use it for all the altcoins you mine?

Lets say I have a wallet in |Trust Wallet, can I use that address for storing different altcoins that I mine?

I hope that you understand what I'm trying to say. Sorry but my English is not so good.

every coins have their own wallet you need to download each of them if you want to receive that coins. They use different Blockchain so its not really possible to use only one wallet for all Altcoin.

In trust wallet you can stored many different coins that only supported by that wallet but not all Altoona can stored there.

Balladtony77

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Activity: 378

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Tokens uses ethereum blockchain/ wallet and other coins with separate blockchain like litecoin, dash, digibyte has separate wallets but few wallets in crypto space combine all these blockchain in a simple wallet for example enjin wallet, coinomi wallet, trust wallet, Atomic wallet

Toxic_1988

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Activity: 113

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Quote from: btc_angela on May 22, 2020, 06:35:54 AM

Quote from: Kisifer on May 22, 2020, 05:51:03 AM

Hello all,

New to the scene here and I have a question. When you mine for different altcoins, do you have to have different wallet for each? Or you can have 1 wallet and use it for all the altcoins you mine?

I would say that it is better to have a separate wallet for each altcoin you mine.
Advantage is that if you have just wallet and it was hack, you loss everything you have there.
So it is a safe practice to have different wallets, just saying.

Quote from: Kisifer on May 22, 2020, 05:51:03 AM

Lets say I have a wallet in |Trust Wallet, can I use that address for storing different altcoins that I mine?

I hope that you understand what I'm trying to say. Sorry but my English is not so good.

Just be careful with Trust Wallet though, I say this because I have read accusations against them.

Agree with this one. Sure there is the convenience of multi-wallet but each wallet for each coin provides better security, especially when you need to back up/restore .dat. Anyway, you can you multi wallet to store coin from the mining pool if that coin supported in the multi-wallet.

WalkerIVIV

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Activity: 2436

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Cryptocasino.com

It's better for you never try to mix all of your coins into the one wallet. I have been storing my money in the different wallet to prevent the possibility to be stolen by scammer. I hope i will never get that case. You should store your coins into the some wallet.

romelitounknown

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Activity: 279

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Some coins doesn't have their own wallet ,so they use ethereum network to store their coins. They use MEW, coinomi,enjin,trust and etc.

Topic: Wallet for different altcoins. - page 3. (Read 569 times)