Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: troll on November 13, 2017, 09:01:58 PM
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Should I store all my Eth based altcoins in one wallet or seperate wallets?
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For greater security, you need to store coins in different purses. And it's good if it's a hardware purse. But I think that not everyone follows this rule
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Keeping your ERC20 tokens is not very convenient on different wallets, but it is necessary for your safety. I have several wallets. The main purse for storing large sums of tokens and a few of those wallets with which I participate in airdrops and trade on decentralized exchanges on which it is necessary to enter my private key for access to trading may not be safe, therefore it is better to store coins in different purses.
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It is best to have several MyEtherWallet wallets for tokens. I periodically change them from a sense of security. In addition, before putting a token on the exchange, I transfer it to a new purse and use it as an intermediary when I exit the exchange, and then delete it. The fact is that if you visited the exchange with your key, this key is no longer safe to use later. The exchange is a very unsafe place.
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Better not keep all your token assets in 1 wallet only because if your wallet happens theft, you will lose all your assets.
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from the point of view of safety, of course, you need to store on several wallets, if one is hacked, then you will not lose everything
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It is more secure if you store your different coins in to different wallets. Once your one wallet hacked you still have some safe wallet with you. Put your coins in hardware wallet for long term reason.
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As many have said, keeping all the assets in one wallet is very risky, because if someone else hacked out our wallets, then all our assets will be exhausted. So it's safer if we keep our assets in different wallets.
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I think it is better not to rely in a single wallet, because if something happen in your wallet probably all your coins or tokens will be stealed unless you have several wallets.
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I don't think it's recommended because it's too dangerous, if your wallet is hacked then all the tokens inside can be picked up by the hacker.
You better save your token in the Hardware wallet, like TREZOR, Nano Ledger and KeepKey. (for the long term)
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never store all your eggs in one basket. Make a few wallets, keep the passwords from them and sleep peacefully.
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If you want to be more safe it's better to store in different wallet however in this case you have a higher cost of sending coins between the different wallets.
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I prefer different wallets for different coins, I have MEW and I have my IDEX wallet however I use the exchange wallets, cuz I like swinging
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What exactly is the problem of keeping them in one purse, it seems to me not to do dozens of wallets for different altcoins, enough one!
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you should still keep your ethereum-based altcoin, and I strongly believe that someday it will give a big advantage
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Should I store all my Eth based altcoins in one wallet or seperate wallets?
Never think to store your ETH in single wallet. It will be too risky. For example: When it is hacked, so all your ETH will be lost. Here is the more explanation: https://kb.myetherwallet.com/addresses/creating-new-accounts-for-eth-and-tokens.html