Title: Best way to hold many cryptocurrencies Post by: BlackstarCollective on April 21, 2017, 10:00:49 AM I was wondering what your suggestion to holding multiple cryptos is?
Obviously I don't want to hold even medium amounts of the stuff on exchanges, but it's incredibly tedious to have to download seperate wallets for my computer, synchronize everything and.... well, yeah. What's your strategy on this? Title: Re: Best way to hold many cryptocurrencies Post by: Ayers on April 21, 2017, 10:29:33 AM I was wondering what your suggestion to holding multiple cryptos is? Obviously I don't want to hold even medium amounts of the stuff on exchanges, but it's incredibly tedious to have to download seperate wallets for my computer, synchronize everything and.... well, yeah. What's your strategy on this? i hold my many currency in a secure vmware machine, dedicated to all the altcoin, in this way if there are virus it remain there, and the other mahcien are secure, you can also easily make a saved point with a virtual machien and restore form there if you lose your wallet because of a crash, and suspend option come in hand because it let you maintaining all the wallet openend at once even if you restart Title: Re: Best way to hold many cryptocurrencies Post by: AdobeWriter on April 21, 2017, 11:25:44 AM Offline wallets if possible. Store your stuff on a USB flash drive or external HDD which never leaves your house. Always keep backups too.
Title: Re: Best way to hold many cryptocurrencies Post by: BlackstarCollective on April 21, 2017, 11:30:56 AM What I meant was if there's an easier way to do it.... For instance I own some Blocknet (BLOCK) tokens which I want to add from the exchange to my own wallet. But the synchronization is taking me DAYS to do, do I need to do this? I dont understand it.
Title: Re: Best way to hold many cryptocurrencies Post by: greyskies on April 21, 2017, 11:58:33 AM What I meant was if there's an easier way to do it.... For instance I own some Blocknet (BLOCK) tokens which I want to add from the exchange to my own wallet. But the synchronization is taking me DAYS to do, do I need to do this? I dont understand it. No. You don't need to wait for it synchronise to receive money. Generate a new address and send your Block from the exchange to that address. Note, you won't actually SEE it appear in the wallet until synchronisation on your local machine is complete, but it will be in there. Join the slack. Its a great community and super active - hundreds of Block chat posts a day, quite interesting for keeping up to date - https://blocknet.herokuapp.com/ Title: Re: Best way to hold many cryptocurrencies Post by: Mag Fargo on April 21, 2017, 12:01:37 PM Offline wallets if possible. Store your stuff on a USB flash drive or external HDD which never leaves your house. Always keep backups too. Don't use USB, it's not safe.Title: Re: Best way to hold many cryptocurrencies Post by: christie on April 21, 2017, 01:21:03 PM i think it's inevitable to down various wallet and sync them now and then, you have to rely on yourself if you don't trust the exchanges. for mainstream cryptos, you can also use online wallets, but don't lose you token or forget your private key.
Title: Re: Best way to hold many cryptocurrencies Post by: hankyulpark on April 21, 2017, 01:53:27 PM I believe that Jaxx is a good option if you want to hold the "mainstream" coins (if such thing exist in cryptocurrency).It is possible to hold, with no hussle, BTC, ETH, LTC, ETC and a few others. But if you're looking for different coins, the easiest way is to keep some of them in the exchange. the safest is to have each wallet and manage them.
Posted From bitcointalk.org Android App Title: Re: Best way to hold many cryptocurrencies Post by: X-ray on April 21, 2017, 02:07:06 PM I was wondering what your suggestion to holding multiple cryptos is? Just try to download offline wallet that the wallet is related with your coin. I'll never try to suggest you to hold on the 3rd party or exchange site. I will try to download all of the offline wallet. and keep them on my conputer. Obviously I don't want to hold even medium amounts of the stuff on exchanges, but it's incredibly tedious to have to download seperate wallets for my computer, synchronize everything and.... well, yeah. What's your strategy on this? Title: Re: Best way to hold many cryptocurrencies Post by: robelneo on April 21, 2017, 02:18:47 PM What I meant was if there's an easier way to do it.... For instance I own some Blocknet (BLOCK) tokens which I want to add from the exchange to my own wallet. But the synchronization is taking me DAYS to do, do I need to do this? I dont understand it. You can send even if you're wallet is not synchronize just like what the other guy posted,but if you are going to hold and stakes a lot of coins and stakes some of them then you need to get one pc dedicated for this,where you can open it 24/7 for continous syncing and staking. Title: Re: Best way to hold many cryptocurrencies Post by: Nathan047 on April 21, 2017, 03:12:35 PM I was wondering what your suggestion to holding multiple cryptos is? My strategy is to download an offline copy of walletgenerator.net and create paper wallets for each currency (use a safe environment to make it a cold wallet if you’re going to hold a lot in the wallet). Obviously I don't want to hold even medium amounts of the stuff on exchanges, but it's incredibly tedious to have to download seperate wallets for my computer, synchronize everything and.... well, yeah. What's your strategy on this? This way there’s no wallet software needed until you need to spend. Title: Re: Best way to hold many cryptocurrencies Post by: JGoRed on April 21, 2017, 03:21:15 PM If you don’t have to much you could just hold them in an exchange.
Otherwise try paper wallets, then when you need to spend download and use a light wallet. Title: Re: Best way to hold many cryptocurrencies Post by: u0000 on April 21, 2017, 08:26:13 PM I was wondering what your suggestion to holding multiple cryptos is? Obviously I don't want to hold even medium amounts of the stuff on exchanges, but it's incredibly tedious to have to download separate wallets for my computer, synchronize everything and.... well, yeah. What's your strategy on this? For holding long term higher value coins I use paper wallets because they look nice when made well and feel like an asset on their own. I also own a KeepKey which is great for general use. For other alt coins I:
And when it's time to spend:
It's also worth taking a note of useful websites for each coin you store, such as:
And you can keep a neat file structure like: ENCRYPTED_STORAGE/wallets/COIN/ ENCRYPTED_STORAGE/wallets/COIN/wallet.dat ENCRYPTED_STORAGE/wallets/COIN/coin.conf ENCRYPTED_STORAGE/wallets/COIN/readme.txt (useful websites and info for coin) Use something like dm-crypt, VeraCrypt (TrueCrypt fork), or some other form of encryption to store the data. Title: Re: Best way to hold many cryptocurrencies Post by: Pearls Before Swine on April 21, 2017, 08:32:16 PM If you don’t have to much you could just hold them in an exchange. No! Don't give that advice, please. You may have noticed that exchanges have a dirty habit of running away with their customers' crypto, and most people on this forum would probably tell you to only keep what you need on the exchanges.Otherwise try paper wallets, then when you need to spend download and use a light wallet. Try the iconomi wallet, maybe? I've had a decent experience with it, and you can store a whole array of crypto on it. Maybe some other of you will back me up on that. The only problem I've had is adjusting the network fee, because it always seems like it's slow as hell with bitcoin. With doge and others, it works just great. Title: Re: Best way to hold many cryptocurrencies Post by: vx5 on April 21, 2017, 10:09:14 PM How much do you keep on exchanges at once?
Title: Re: Best way to hold many cryptocurrencies Post by: Herbert2020 on April 22, 2017, 06:15:31 AM What I meant was if there's an easier way to do it.... For instance I own some Blocknet (BLOCK) tokens which I want to add from the exchange to my own wallet. But the synchronization is taking me DAYS to do, do I need to do this? I dont understand it. No. You don't need to wait for it synchronise to receive money. Generate a new address and send your Block from the exchange to that address. Note, you won't actually SEE it appear in the wallet until synchronisation on your local machine is complete, but it will be in there.it is not just receiving you know. you should think ahead about "spending" too. and for that you do need to wait to synch and download the whole blockchain to be able to see the balance, make the transaction and spend it, unless a particular coin is using a different particular approach, that is the way. however, with bitcoin you can always find ways of generating just a cold wallet like paper wallet and never even need a wallet. for example you can use online tools such as coinbin to make a tx and sign in with an offline wallet. technically if you can do the same with any other crypto you can choose this method only if their wallets allow signing of raw tx offline without having the blockchain. and then again you will have to find a way of broadcasting it. which may seem simple but it is hard without any tools. Title: Re: Best way to hold many cryptocurrencies Post by: Chikito on April 22, 2017, 09:53:12 AM I was wondering what your suggestion to holding multiple cryptos is? Yes it's too complicated to have lots of wallets for altcoin, I solve this problem by making smartcontrac, storing on wallet exchange with small amount because to make daily profit or save private key in micro sd with altcoin existing wallet, and save in safest place .Obviously I don't want to hold even medium amounts of the stuff on exchanges, but it's incredibly tedious to have to download seperate wallets for my computer, synchronize everything and.... well, yeah. What's your strategy on this? Title: Re: Best way to hold many cryptocurrencies Post by: Patatas on April 22, 2017, 10:08:35 AM This is a good question.Being a security enthusiast ,I'm keen on doing things my way ,below are the two strategies I use to keep it all together.
1.Dont install wallets of the coins which are still in the preliminary development phase .Until you trust their teams. 2.Unfortubateky ,there is no alternative to security which is provided by install separate wallets.Yiu can keep negligible amounts in the online wallets but not at one place.Keep moving coins often. 3.Use a bot manage your wallets ,like a shell script to start a wallet and stop it would help make it a lot easier. Title: Re: Best way to hold many cryptocurrencies Post by: Nathan047 on April 22, 2017, 02:37:35 PM Offline wallets if possible. Store your stuff on a USB flash drive or external HDD which never leaves your house. Always keep backups too. Don't use USB, it's not safe.Title: Re: Best way to hold many cryptocurrencies Post by: Febo on April 23, 2017, 12:45:56 AM Offline wallets if possible. Store your stuff on a USB flash drive or external HDD which never leaves your house. Always keep backups too. Don't use USB, it's not safe.He did not said is less secure then HDD. He just said that is not safe enough for him. OP is asking where to store random altcoins. I really doubt many will even know what they got if they will somehow got a hold of your altcoin wallets. For Bitcoin you should be quite paranoid, but for most altcoins not at all. In general to answer the OP. Easier is to make paper valets. Title: Re: Best way to hold many cryptocurrencies Post by: bbc.reporter on April 23, 2017, 12:50:31 AM I was wondering what your suggestion to holding multiple cryptos is? Obviously I don't want to hold even medium amounts of the stuff on exchanges, but it's incredibly tedious to have to download seperate wallets for my computer, synchronize everything and.... well, yeah. What's your strategy on this? i hold my many currency in a secure vmware machine, dedicated to all the altcoin, in this way if there are virus it remain there, and the other mahcien are secure, you can also easily make a saved point with a virtual machien and restore form there if you lose your wallet because of a crash, and suspend option come in hand because it let you maintaining all the wallet openend at once even if you restart This is smart. Do you download the whole blockchain for each cryptocoin or do you use the SPV wallet if there is one? More developers should make more wallets like Jaxx but wth more coins included. Keeping Monero is my biggest problem because I have to download the full blockchain. Title: Re: Best way to hold many cryptocurrencies Post by: radjie on April 23, 2017, 04:23:05 AM I also hold a lot of crypto, but the thing to note where we place the order for crypto have nothing to lose. I think there is indeed a good idea we hold many crypto so it could get a lot of results, but not too much because it could make trouble if we can't use it.
Title: Re: Best way to hold many cryptocurrencies Post by: papajamba on April 25, 2017, 05:06:22 AM Im using exodus wallet. Looks secure and looks cool too. Any other exodus wallet users too?
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