Where do you store your altcoins? - page 2.

giantrobot

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Quote from: yoonah on August 22, 2017, 11:27:22 AM

I store my alternative coins from the exchange where I bought them though I know it is not advisable to do this because its not safe. I will soon transfer this in safe place like desktop wallet or in myetherwallet since some of my coin is ethereum based.

Currently, most altcoin are linked to MEW, so I use it as the only wallet to store all the altcoin. I am quite safe when using it.

MissionPhailed

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Indeed: keeping your coins on an online exchange for a longer period of time is basically a big no-no when you're concerned about security, theft, stuff like that. Exchanges that exists seeminly unfazed for years can disappear overnight. Example: BTC-e.com.

I'm in the process of removing my coins from an online exchange as I speak. However, this doesn't go without problems as it seems ...

Beicin

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Electrum is a good wallet for bitcoin only...

if you want one for your alts, check out Myetherwallet (MEW), it can store all erc20 tokens...

if none of these satisfy your needs, u'd probably need to get individual wallets for each altcoi

yoonah

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Presale is live!

I store my alternative coins from the exchange where I bought them though I know it is not advisable to do this because its not safe. I will soon transfer this in safe place like desktop wallet or in myetherwallet since some of my coin is ethereum based.

kafiddrhman

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Quote from: vfrcbv91 on August 22, 2017, 10:49:42 AM

If you are an investor and not a trader never store your tokens on the exchange.

Yes it may be because I am trader, I always keep some of my altcoins in the exchanger, because i think it makes me easier in every trade deal, although sometimes i feel afraid of the exchange about the security of hacker attacks.

vfrcbv91

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If you are an investor and not a trader never store your tokens on the exchange.

indrakusumaindra

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The Standard Protocol - Solving Inflation

i was storing my altcoin on wallet website. such as myetherwallet for eth coin. you can store it on pc thought.

e-coinomist

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Quote from: Lauren Smith on August 22, 2017, 05:23:46 AM

Exactly what answer are you looking for over here ? There are two ways to keep your coins. On an exchange or in the actual wallet. Obviously we going to tell you to use the original altcoin wallet why would you use any other. You know an exchange is a bad place to put your coins so why are you even asking here as if we going to give you some magical answer ? Like what exactly are you expecting here ?

As the above user say stay away from polo and bittrex. Bittrex are idiots. They locked my account and said I must verify since it was worth over $1000 which it wasn't. When I told them they I locked it right away. If they want my details I want theirs.

Strange. They locked my account, too.

But because it was empty & unused, and that detail is facepalming. I mean, why do you lock people's funds into your own pocket if there are no funds to grep?

e-coinomist

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Money often costs too much.

Quote from: JCB44 on August 21, 2017, 04:57:08 PM

Paper wallet with multiple copies is the best way to store coin if going for long term investment.

Far simpler: Old laptop, dedicated use. Mostly stuffed away "airgapped". Occasional full harddisk backups against hardware failures. Two copies are sufficient. If it has cd burner, stuff wallets on cds.

That paper bussiness is a hassle, to high chance of transscription errors and major headaches.

dasana212

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For altcoins, i just keep it in wallet exchange. Because, very inconvenient if have to install each wallet altcoins on our pc. Instead, advantage we get if stored on wallet exchanges. We can make a sell or buy faster when compare stored it in wallet pc.

Tezcalitpoka

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Since im not holding alts for long term, i keep them in exchange, but if i go for long term i use myetherwallet for ether based alts.

yillusion

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some in my wallet and some in exchange, in fact, most are in exchange, because i have little long term coins, though i trade not very frequently, but i think i would better have the coin on my hand if i want to sell them

Cnut237

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Quote from: illyiller on August 21, 2017, 05:18:14 PM

This is the dilemma of altcoins. If you want to invest in low market cap coins (for huge potential gains), you need to download a bunch of suspicious wallets.

Yes, this is a problem I have. I tend to keep smaller coins on the exchanges, as I see that as less of a risk... still a risk though!

suryati

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I think if you keep altcoin too long in swallow exchanger it is very risky, preferably for long term and in large quantity you should use offline wallets from the coin by confiding private key and password, I think it is safer but if only used for temporary and Will be withdraw to the local bank you can use the wallet exchanger

trumper

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I think you should not your long term coins in exchanges, hold them in hardware wallet or paper wallet. For trading you can hold some coins in exchanges.

Hamphser

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Quote from: namethathasntbeentaken on August 21, 2017, 04:20:36 PM

i'm having some issues deciding on what wallet should i use..

thinking about just leaving it on the exchange, what are your thoughts?

currently investing in 8 altcoins

If a certain altcoin do have its own respective wallet then its the best choice to select that one rather than on deciding up on putting your coins or leaving on exchanges.Knowing that storing them there would really have the risk on losing them compared on storing them on your own wallet with they keys saved. If its an ETH-platform based coins then most likely people do make us of myetherwallet and if its waves based then waveswallet.io would be good.

c0in_junkie

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i spread it in 2 hardwarewallets (TREZOR & Legder Nano S) and desktopwallets (like XEM, etc...)
Shitcoins on exchanges for fast reacting Cheesy

Maum

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I let a little amount in mobile multicurrency wallet. Higher amount is stored in hardware wallets, that support different currencies.

realhobo669

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You should see the altcoin website they have other options.
If Altcoins are just tokens go with myetherwallet.

Exchanges are not good options due to security risks

rudystyle

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I use myetherwallet but I am not sure whether it is completely safe

Topic: Where do you store your altcoins? - page 2. (Read 1707 times)