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Alternate cryptocurrencies => Altcoin Discussion => Topic started by: SnowRoll on June 07, 2017, 09:57:40 AM



Title: Hardware Wallet for altcoins?
Post by: SnowRoll on June 07, 2017, 09:57:40 AM
So, in the last couple of months I have spread my portfolio to about 20 different tokens.
I am now looking for a hardware wallet to better secure them.
From what I read so far, the Ledger Nano S looks as the preferred choice, mostly for its support for multiple tokens (as opposed to Trezor's BTC only).
Seeing it's on backorder till late July, I was wondering if there are any other recommended hardware wallets?
Also, as my intention is to hodl for 5-10 years, should I consider using paper wallets, instead?
Any other security tips will be much appreciated.


Title: Re: Hardware Wallet for altcoins?
Post by: umatej on June 07, 2017, 11:38:24 AM
So, in the last couple of months I have spread my portfolio to about 20 different tokens.
I am now looking for a hardware wallet to better secure them.
From what I read so far, the Ledger Nano S looks as the preferred choice, mostly for its support for multiple tokens (as opposed to Trezor's BTC only).
Seeing it's on backorder till late July, I was wondering if there are any other recommended hardware wallets?
Also, as my intention is to hodl for 5-10 years, should I consider using paper wallets, instead?
Any other security tips will be much appreciated.

At the moment, one and only Ledger Nano S. BUT its sold out and i think this will continue for some time.


Title: Re: Hardware Wallet for altcoins?
Post by: bct_ail on June 07, 2017, 12:00:45 PM
Can Ledger Nano S contain any Altcoin?Can Ledger Nano S contain any Altcoin? Or is there any other Hardware Wallet in the market to contain any Altcoin? Is it technically possible?


Title: Re: Hardware Wallet for altcoins?
Post by: cattani30 on June 07, 2017, 12:36:50 PM
So, in the last couple of months I have spread my portfolio to about 20 different tokens.
I am now looking for a hardware wallet to better secure them.
From what I read so far, the Ledger Nano S looks as the preferred choice, mostly for its support for multiple tokens (as opposed to Trezor's BTC only).
Seeing it's on backorder till late July, I was wondering if there are any other recommended hardware wallets?
Also, as my intention is to hodl for 5-10 years, should I consider using paper wallets, instead?
Any other security tips will be much appreciated.

Trezor is also working on integrating more altcoins, at this moment is supports BTC,ETH,ETC,DASH,ZEC and LTC


Title: Re: Hardware Wallet for altcoins?
Post by: David Horton on June 07, 2017, 01:28:45 PM
TREZOR Wallet, or Ledger Nano S


Title: Re: Hardware Wallet for altcoins?
Post by: RubyM on June 07, 2017, 01:39:21 PM
TREZOR Wallet is the best hardware wallet


Title: Re: Hardware Wallet for altcoins?
Post by: BitcoinNewsMagazine on June 07, 2017, 02:40:02 PM
So, in the last couple of months I have spread my portfolio to about 20 different tokens.
I am now looking for a hardware wallet to better secure them.
From what I read so far, the Ledger Nano S looks as the preferred choice, mostly for its support for multiple tokens (as opposed to Trezor's BTC only).
Seeing it's on backorder till late July, I was wondering if there are any other recommended hardware wallets?
Also, as my intention is to hodl for 5-10 years, should I consider using paper wallets, instead?
Any other security tips will be much appreciated.

Used to be Ledger Nano S supported more altcoins than Trezor but Trezor is catching up. They both work with MyEtherWallet for tokens. The problem is finding either in stock. Better place an order now so you receive as soon as possible. I use both and the major differences are 1) Trezor can be used with one hand while Nano S takes two to press the buttons and 2) Nano S is more rugged than Trezor. There is a video on YouTube of a Nano S being driven over by a car and still works. Nano S guarantee is two years while Trezor is warrantied for one.

Both have secure on device recovery now so you never have to be concerned about typing your seed into a computer if you need to replace a broken hardware wallet. Better buy two while you are at it, it is always nice to have a spare in case of loss or malfunction. As long as you have a spare you can recover your written seed to a new wallet in 10 minutes.


Title: Re: Hardware Wallet for altcoins?
Post by: HippiePyro on August 15, 2017, 07:03:27 PM
Are these still the top choice for a multicoin hardware wallet? Is there one that supports the newer platforms like NEO, Ubiq, and Waves? Even a rumor of a hardware that supports all the above and more?
Also, I was wondering if you can stake coins that are stored in a hardware wallet?
Lastly, can you copy the private keys of a hardware wallet, incase the device break and you don't have the seed?
Thanks for your time!


Title: Re: Hardware Wallet for altcoins?
Post by: namethathasntbeentaken on August 15, 2017, 08:17:41 PM
Are these still the top choice for a multicoin hardware wallet? Is there one that supports the newer platforms like NEO, Ubiq, and Waves? Even a rumor of a hardware that supports all the above and more?
Also, I was wondering if you can stake coins that are stored in a hardware wallet?
Lastly, can you copy the private keys of a hardware wallet, incase the device break and you don't have the seed?
Thanks for your time!

this.
i'm a newbie too and would like to also ask :
are hardware wallets safer than online wallets?


Title: Re: Hardware Wallet for altcoins?
Post by: faroredono on August 15, 2017, 08:23:54 PM
If you're HODL for 5-10 years, I would definitely do paper.

Electronics have a lifespan, and you don't want to find out when your hardware wallet is about to die. I would only use a hardware wallet if I needed to get access easily on the road, not for 5-10 year holds.


Title: Re: Hardware Wallet for altcoins?
Post by: electricretard on August 15, 2017, 08:24:44 PM
Are these still the top choice for a multicoin hardware wallet? Is there one that supports the newer platforms like NEO, Ubiq, and Waves? Even a rumor of a hardware that supports all the above and more?
Also, I was wondering if you can stake coins that are stored in a hardware wallet?
Lastly, can you copy the private keys of a hardware wallet, incase the device break and you don't have the seed?
Thanks for your time!

this.
i'm a newbie too and would like to also ask :
are hardware wallets safer than online wallets?

Hardware wallet is probably as safe as you can get with convenience. I have most of my alts stored in a far more complex system but trezor is super secure and it's fast and easy to use.


Title: Re: Hardware Wallet for altcoins?
Post by: redhorse on August 15, 2017, 09:01:39 PM
If you're HODL for 5-10 years, I would definitely do paper.

Electronics have a lifespan, and you don't want to find out when your hardware wallet is about to die. I would only use a hardware wallet if I needed to get access easily on the road, not for 5-10 year holds.

In case of hardware device failure (or loss) you can recover your wallet using the seed (that you have on paper). You don't need a new hardware wallet to do this.


Title: Re: Hardware Wallet for altcoins?
Post by: ghostunicorn on August 15, 2017, 09:13:19 PM
If you're HODL for 5-10 years, I would definitely do paper.

Electronics have a lifespan, and you don't want to find out when your hardware wallet is about to die. I would only use a hardware wallet if I needed to get access easily on the road, not for 5-10 year holds.

You can use seeds to get your information and coins back if you're using ledger nano S. And I don't think their life span is less than 10 years. Think about 15 yer old mp3 players. They're still working.


Title: Re: Hardware Wallet for altcoins?
Post by: sylance on August 15, 2017, 09:16:58 PM
I looked into hardware wallets and the Ledger S is what I settled on.  As others have said, they're sold out until mid-September so hopefully you're not in a hurry.  And just to be clear, the Ledger S allows for a paper backup so that if it's lost or damaged you can restore your wallet using the seed.


Title: Re: Hardware Wallet for altcoins?
Post by: namethathasntbeentaken on August 15, 2017, 09:23:58 PM
man, all these wallets and they're sold out, makes me wonder if that's not a serious indication of a bubble among cryptosphere


Title: Re: Hardware Wallet for altcoins?
Post by: Drokzid on August 15, 2017, 11:57:17 PM
man, all these wallets and they're sold out, makes me wonder if that's not a serious indication of a bubble among cryptosphere
Google trends indicator still green. :)


Title: Re: Hardware Wallet for altcoins?
Post by: indrakusumaindra on August 16, 2017, 01:00:06 AM
man, all these wallets and they're sold out, makes me wonder if that's not a serious indication of a bubble among cryptosphere
ya. too much risk and doubt at the same time. but i believe there is some hardware wallet that secure and very helpfull in managing coins. wish you luck.


Title: Re: Hardware Wallet for altcoins?
Post by: Westfiled on August 16, 2017, 02:38:31 AM
man, all these wallets and they're sold out, makes me wonder if that's not a serious indication of a bubble among cryptosphere
What a bubble? We are in the fact that the crypto become a trend later, they're sold out due to secure the money in the safe place, remember a lot of the hacked case and a lot of the duns already drained from the online wallet.


Title: Re: Hardware Wallet for altcoins?
Post by: sylance on August 16, 2017, 04:07:15 AM
man, all these wallets and they're sold out, makes me wonder if that's not a serious indication of a bubble among cryptosphere
What a bubble? We are in the fact that the crypto become a trend later, they're sold out due to secure the money in the safe place, remember a lot of the hacked case and a lot of the duns already drained from the online wallet.

What got me looking into it was several factors; BTC being now worth $4000, the BTC-e fiasco, and the recent Poloniex wobble has me a bit spooked.  I have several alt-coins so it'd be nice to consolidate them and not have them locked on my PC or risked on the web.


Title: Re: Hardware Wallet for altcoins?
Post by: 3efdvfsd3rh on August 16, 2017, 04:24:17 AM
I ordered the ledger nano but it will take like 4 months to deliver. . . . I hope my bitcoins are safe until then


Title: Re: Hardware Wallet for altcoins?
Post by: MadPanda on August 16, 2017, 05:21:52 AM
So, in the last couple of months I have spread my portfolio to about 20 different tokens.
I am now looking for a hardware wallet to better secure them.
From what I read so far, the Ledger Nano S looks as the preferred choice, mostly for its support for multiple tokens (as opposed to Trezor's BTC only).
Seeing it's on backorder till late July, I was wondering if there are any other recommended hardware wallets?
Also, as my intention is to hodl for 5-10 years, should I consider using paper wallets, instead?
Any other security tips will be much appreciated.
The "Nano s" is the best bang for your buck, it gets the job done its compact, sleek and affordable at $69
https://www.ledgerwallet.com/products/12-ledger-nano-s

"Ledger Blue " has a lot of great features and is like a mini tablet but can be stolen easily in public and is expensive at $270
https://www.ledgerwallet.com/products/ledger-blue

"KeepKey" is the most secure and has a nice polish screen not to big not to small, A good buy if your willing to shell out $99
https://www.keepkey.com/?source=hasoffers

"TREZOR" A very rugged ledger with a functional screen at the price of $99
https://shop.trezor.io/


Title: Re: Hardware Wallet for altcoins?
Post by: FrankNoland on August 16, 2017, 05:41:32 AM
I recently bought trezor hardware wallet and I must say that I enjoy using it. I haven''t tried all the other hardware wallets but it think trezor works best as well.


Title: Re: Hardware Wallet for altcoins?
Post by: redhorse on August 16, 2017, 06:30:08 AM
"KeepKey" is the most secure and has a nice polish screen not to big not to small, A good buy if your willing to shell out $99
https://www.keepkey.com/?source=hasoffers

Could you explain why you think the KeepKey is the most secure of the hardware wallets? What does it offer additionaly in terms of security compared to the other solutions? I was looking it up on their site, but couldn't find anything that the others don't have.


Title: Re: Hardware Wallet for altcoins?
Post by: HippiePyro on August 16, 2017, 03:43:12 PM
What poloniex wobble are you referring too?


Title: Re: Hardware Wallet for altcoins?
Post by: nsasuiteb on August 16, 2017, 04:06:12 PM
Hardware, mobile or any wallet do not matter in fact, if you can take your private keys, take it and close the application and delete it. Store your private key in a safe place and keep it as long as if you want


Title: Re: Hardware Wallet for altcoins?
Post by: Hamphser on August 16, 2017, 04:13:09 PM
"KeepKey" is the most secure and has a nice polish screen not to big not to small, A good buy if your willing to shell out $99
https://www.keepkey.com/?source=hasoffers

Could you explain why you think the KeepKey is the most secure of the hardware wallets? What does it offer additionaly in terms of security compared to the other solutions? I was looking it up on their site, but couldn't find anything that the others don't have.
I havent tried out that Keepkey since i do only have idea and experience on Trezor but knowing it only stores up few altcoin as far as i remember maybe only 5 coins but they do have plans on doing an extent on other coins. If you do have 20 different coins then i would bet you cant find any hardware wallet would have this storing capability.


Title: Re: Hardware Wallet for altcoins?
Post by: sabbathhawk on August 16, 2017, 05:08:44 PM
You are wright! The best option for today is Ledger nano S because it supports ERC20 tokens. As a tip you can check availability on different markets (EU, North America) and by there with your home shipping.
As options you can take KeepKey or Trezor (I prefer KeepKey because of design)


Title: Re: Hardware Wallet for altcoins?
Post by: cryptocronic on August 16, 2017, 06:32:25 PM
What about the cheapest option?  Just get a good quality usb thumb drive and store wallets on it and have it all encrypted?


Title: Re: Hardware Wallet for altcoins?
Post by: redhorse on August 16, 2017, 08:47:50 PM
What about the cheapest option?  Just get a good quality usb thumb drive and store wallets on it and have it all encrypted?

It is a cheap option, but security wise a hw wallet has the big advantage, that your private keys never leave the device. The transaction is signed on the device. The computer you use it on never has access to the private key. You cannot achieve this with a normal USB key.


Title: Re: Hardware Wallet for altcoins?
Post by: Bramen on August 16, 2017, 09:31:43 PM
I have an extra Raspberry Pi Zero lying around. As there are Linux wallets for most coins, I'm going to research if I could put a cold storage wallet on it.


Title: Re: Hardware Wallet for altcoins?
Post by: Nilima-Temp on August 16, 2017, 09:49:45 PM
I use only TREZOR for gathering my BTC and Altcoin. It's very safe and easy to operate.


Title: Re: Hardware Wallet for altcoins?
Post by: 25hashcoin on August 16, 2017, 09:53:05 PM
Ledger Nano S by far right now.