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Topic: Wallet for different altcoins. - page 4. (Read 569 times)

newbie
Activity: 11
Merit: 0
May 22, 2020, 07:28:44 AM
#10
Thanks a lot for the valuable information guys. I got the answers that I was looking for and it's clearer now, what cryptos and wallets work.

Thanks again.
member
Activity: 484
Merit: 11
May 22, 2020, 07:25:59 AM
#9
Yes, sure you can use single trust wallet for different alts coin, but the coins that you will hold must support with trust wallet.
Or if you want the other wallet, you can using wallet from coinomi, many altcoins that support in there. You can make any transaction, receive or send as you want
newbie
Activity: 122
Merit: 0
May 22, 2020, 07:05:37 AM
#8
Having one wallet that can accommodate many altcoins. Part of the benefit is the ease wax nd flexibility. Similarly, you stand the risk of losing your assets by using one wallet to hold your coins.
If you are very careful person, it is great to have all your assets somewhere you can access them easily. There are quite a few wallets that can keep multiple coins
Trust wallet;
Atomic Swap wallet (Atomic Wallet)
ImToken

I personally use ImToken because it can hold more than one eth address.
Good luck
jr. member
Activity: 354
Merit: 1
May 22, 2020, 07:01:16 AM
#7
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.
Depends on  the coin you are mining, if they have their own centralised wallet but if what you are mining are ERC20 supported coins then you are good to go with Trust wallet and other ERC 20 supported wallets
hero member
Activity: 2660
Merit: 551
May 22, 2020, 06:35:54 AM
#6
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.

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.
member
Activity: 574
Merit: 24
May 22, 2020, 06:34:05 AM
#5
It would be easier if you can share the name of the coin you are mining, if the coin is a new coin then there is a higher chance that it won't be available on multi wallets like trust wallet, most new coins have desktop wallets and Linux wallets for start
legendary
Activity: 3668
Merit: 6382
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May 22, 2020, 06:29:52 AM
#4
It depends on many things:
1. do you want to keep those altcoins or just mine and sell for something else?
2. do you solo mine or use a pool? - If you solo mine you need each different wallet afaik.
3. if you mine in a pool, check if the pool doesn't keep the money for you until you want to withdraw
4. also if you mine in a pool, maybe you want to use a multi-pool that auto-exchanges your earnings into a coin you want.
full member
Activity: 728
Merit: 104
May 22, 2020, 06:19:09 AM
#3

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

Of course Trustwallet can support many types of coins and tokens, you can store all your coins there if there are coins that you are looking for
member
Activity: 784
Merit: 21
May 22, 2020, 06:09:47 AM
#2
You will need separate wallet for altcoins but just a wallet if the altcoin is a token, ( meaning running on Ethereum ERC20 smart contract), we do have wallets like coinomi, trust, atomic wallet that supports many altcoins, but there is a chance that the coin you want to mine won't be available on these multiwallets I made mention so you will have to download the coin wallet separately
newbie
Activity: 11
Merit: 0
May 22, 2020, 05:51:03 AM
#1
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.
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