Bitcoin Forum

Hi,

I am new to ICO and I am interested in two of them (Latium and INS).

I already have one Ethereum wallet to keep my Eth.

Should I create two new Ethereum wallets to receive my tokens from the two ICOs or can I keep my unique Ethereum wallet?

Same for saving them on my Ledger Nano S. Can I keep ETH, Latium tokens and INS tokens in the same Ethereum wallet in my Ledger?

Many thanks to those who will spend time helping me.

yes, you can connected your ethereum wallet in ledger with myetherwallet,,
here the full guide
https://myetherwallet.github.io/knowledge-base/migration/moving-from-private-key-to-ledger-hardware-wallet.html

You can create just 1 wallet on "Ethereum Wallet" ( https://github.com/ethereum/mist/releases ). I think it's one of the best wallet (security, functionality)
 

There are a lot of ERC20 platform ICOs today and more are still coming up next year so to estimate the number I think it would be a thousand more or less and it will be a couple of thousands next year.

You can create as many wallets as you can, even one wallet per ERC20 coin. It's up to you. If you do convert you coins into another coins using Crypto-Currency exchange sites then you have to create another wallet for deposits.

You could store both your ETH and tokens all in the same single wallet address.

Thank you very much for your help.


That's great.

1° Then will I see within my unique wallet my balance in ETH, Alt-coin1, Alt-coin2, ..., Alt-coinX?
2° If I want to transfer my Alt-coin2 to another address will it be possible to specify which crypto I want to transfer within those in my unique wallet?

For faster and easier accessibility, you could always store all your ERC-20 tokens in a wallet line MyEtherWallet. If you have security concerns, you could always rely on storing different tokens on multiple addresses and keeping them backed up offline. Your token balances of new tokens from ICOs can be seen reflecting in MEW upon entering contract address, token symbol and decimal.


Yes your altcoin balances will reflect on your wallet and yes you will be able to pick the specific altcoin that you will be sending.

As long as you have the private key of your wallet no need to create one you can use that wallet to store other ethereum contract token by the way what wallet did you use?

Yes you can store INS and Latium coins in one wallet.Dont worry. You can also store any ERC20 tokens on myetherwallet

Thx guys. It helps a lot

You can do various strategies on how to store your wallets. As you said you can use a different wallet for each ICO, but that will be knda cumbersome to manage all the keys and accesses, a better way is to have everything in one wallet and to have it offline. That's called a cold storage wallet, basically, when you receive the coins from an ICO you can direct transfer it to your cold storage wallet and keep it offline. That way you reduce the chances of your wallet getting hacked and you won't have to worry that some exchange might get exploited and you losing the coins from the ICO. Mainly you can have one wallet as long as you keep it offline and safe, just make sure to store it offline and safely!

I use same ETH address for ICO and for keeping the coins.

Participating in ICO is safe because no ICO requires you to enter your private key, so all you are giving is your public address which is public anyway.