Bitcoin Forum

Hi. I want to invest in maybe 30/40 alts. I don't have a hardware wallet. Where do you recommend to hold them? Exchanges? I know they are not the safest option, but one wallet for each coin is not very practical. Also, what is the way you recommend to pay lower fees to buy this alts from BTC? Thanks guys....

If you want to hold various coins in one place, on a desktop wallet, Exodus Eden Wallet has the most options I've seen, and they have a roadmap to add quite a few more.  Of course, it may not include everything you want to hold.  FWIW, holding coins on an exchange is risky and not recommended.  I'd want them in a wallet I control.

Just hold them on exchange wallet when you buy it.

I have been holding most of my altcoins on exchanges. I have downloaded some wallets where I can stake more coins like WCT for waves and gas for NEO. I know coinbase accounts are FDIC insured for amount upto $250,000 so it is safe but the fees are very high. :)

There is no single wallet to hold all the coins. Some wallets like Jaxx, Exodus, Coinomi support many coins
so installing those can cover those coins.  myetherwallet.com is good to hold all Ethereum based tokens.
Holding the rest of coins not covered by above on exchanges is  more convenient than installing wallets
 for each coin.  Some new ICOs are working on creating better wallets so hopingfor better choices in future.

FDIC?  Oh noooooooooooooooo! Please don't expect FDIC to cover for what is coming, it's going to be a global collapse/reset - they won't be able to cover 99.9999 of losses, why do u think cyrptos are doing so well? Its because more and more people are waking up to this fact

Jaxx.io interfaces with ~10 of the larger cryptocurrencies. You hold the private keys. It doesn't have any blatant vulnerabilities. But it also isn't the most secure desktop wallet because it cannot be encrypted with a strong passphrase. There aren't many wallets that can hold dozens of coins, though. That's probably as good as it gets.

The only way to pay lower fees is to use limit orders instead of market orders. They tend to be cheaper (or in some cases, free, as on GDAX).

Don't hold your altcoins on exchangers. Just use a multicoin wallet, where you keep your keys and where you can make backups like coinomi.
On bittrex you can make cheap exchanges.

It's too much I think it would be difficult to handle or monitor the altcoin, minimize any altcoin you want to invest, and to save altcoin I recommend to use MEW. If you think bitcoin fees is expensive maybe eth can be an alternative.

Thanks for you comments. I'll try MEW and Exodus. I also have Jaxx but it doesn't support many coins unfortunately