Bitcoin Forum

Are you keeping them on the exchanges or downloading a wallet for each altcoin you buy? is there a multi wallet that has support for many altcoins?

Keeping them in the exchange isn't the greatest idea.

When I was trying to 'gamble' by investing in a few altcoins, I had them stored in my Nano S (https://www.ledgerwallet.com/products/ledger-nano-s) (hardware wallet) which is the the most secured and recommended way. For those coins that aren't supported, I used Exodus (https://www.exodus.io/) (which was a great selection of supported altcoins), and for those 'shady' altcoins that aren't supported anywhere, I would either use their official wallet (if I trusted the software), or run it in a Virtual Machine to prevent it from possible infecting my computer.

I keep only small values on exchanges, usually coins I expect to sell in the near future.
The coins I value and I hold for long time (years) stay on paper wallets, actual wallets I've installed to get an address then either kept the recovery seed, either saved the wallet onto a couple of USB sticks.


"Keeping them on the exchanges" means the money is not in your possession and may never be!

The answer to that question is it depends. Some altcoins like ERC20 tokens can be stored in MEW or MyEtherWallet as they are all Ethereum-based coins. There are also NEM-based tokens that is stored in there Nanowallet like MEW. While some popular wallet apps like Coinbase can hold different kinds of coins in their app from Bitcoin to Litecoin. If you are lucky you can find a wallet provider that holds even more different kinds of coins.

Most altcoins are standard erc20, so they can be stored in a single purse like MEW. I do not advise you to keep tokens on the stock exchange, it is not very reliable.

I store them in MEW on my Ledger Nano S.

Small amount I keep on exchanges.
And yes, there are some good multi-currency wallets.
I use JAXX and Coinomi. Many people recommend Exodus, but I don't like it.
And you can always keep Ethereum based tokens on MyEtherWallet as Harlot said.

Almost altcoin are erc-20 so you can stored them on MEW.
For holding in 6 months - 1 year, im still keep it on exchange but only binance. If this coin isn't on binance, i will keep it in its own wallet.
If you hold for mid long-term around 6 months - 1 year, its better to keep on exchanges, so you are always ready to sell when u want but keep on trusted and big exchanges, not small and scam.

Nowadays many altcoins that are coming in the market are based on Ethereum Platform that would be called as an ERC20 token, for that MEW is the best option to access them but more convenient and secure way is to manage your MEW by using Nano LedgerS hardware wallet as your private keys is not exposed online. For the coins that are not based on Ethereum platform and have their own blockchain then obviously you have to download their official wallet in your PC or use web wallet if they provide. But they can be fishy so the best way is to dedicate a single PC for their desktop wallets which you will be not using for your other activities.
Never store your coins in large amount on exchanges as you are not holding the private keys for it and the exchange might get breached, storing small is ok & when you are going to trade.

All my altcoin that is ERC20 are stored in myetherwallet with the private keys secured offline. Those not ERC20 like  NEO or Waves are put on windows client downloaded from the coin website

I store my altcoins through MyEtherWallet (MEW) and im checking it through MetaMask. This is one of the most secure wallet so far.

Thanks folks! took to my attention!

Those coins, which I want to keep, I store on my mew. Those that I want to sell, translate to the stock exchange and place orders with the prices that I need.

Try using MyEtherWallet combined with some of the cold wallets like Ledger. Pretty safe

For long term, i use paper wallet. For short term, exchange or my computer wallet. I would like to buy Nano S in near future. I don't store it longer on non trusted exchange.Binance, bitfinex, bittrex and coinbase is where i store most of my cryptos. I feel safe with them.

Did you already have tried a bittrex-account? (use 2fa!!!)

MEW is the best choice. I use imToken, it is good too. the most important thing is that the wallet support erc-20 based tokens

Great. Compatible wallets have been developed for these coins. I do store my coins in either MEW or NEM so long as my security access are not publicized. These two wallets have never disappointed me. I keep the coins till I feel like I want to sell them out on an exchange.

After buying the tokens on the exchange, I usually forward them to my erc-20 wallet and store them there with a Trezor way

It really depends on what you hold. If you're not trading you should definitely send your coins out of exchanges, but if you are trading, you may want to keep your coins in exchanges to avoid withdrawal fees (but then acknowledge the risks of losing your coins due to exit scams or hacks, and prefer trading on good exchanges like Binance, Bitfinex, Bittrex)

Yes suitable for Ethereum based tokens and secured

im keeping all my altcoins on exchanges, cause there are cases when you need to sell them fast
all the tokens are kept on myetherwallet and Ledger hardware wallet for safety reasons

Personnally, I keep all altcoins(tokens ERC20) in my MEW wallet. If they are not tokens then I keep them in my pc in their respective wallets.
Like most, I am not in favor of leaving the coins in the exchanges unless it is of short duration to perform trading because you don't have total control over your wallets (private keys).
I also have an altcoin in a paper wallet that is a very safe way to hold.

If you have a lot of money you need an hardware or paper wallet for a better safety.

Definitely not on the exchange. For large amounts, you should store it onto your own personal wallet (eg: ERC-20 compatible tokens in wallets such as MEW, Metamask, etc). Not safe at all to store large amounts on exchanges. But then again, even personal wallets can be hacked. I believe the safest is still cold wallet storage if you are looking of amounts that are large, like 6-digit onwards

I didn't find any purse that could use all the coins, so I would sell it for ether every time and put it on the exchange so I could buy and sell at any time.

I am a great fan of the offline wallets and I believe that we should keep our funds with ourselves to get the real benefit of cryptocurrencies. As we all know that crypto is all about the self responsibility, we must take required precautions while using it. Thus, not only Bitcoin but I also hold my alt-coins in offline wallets.

I store my sub altcoins through MyEtherWallet (MEW). and altcoin investments at Ledger Nano S Cryptocurrency hardware wallet. You can refer to the web address : www.ledgerwallet.com

I don't have a lot of altcoins so I just leave it on the exchange if I expect the price of it go up short term. Even if the exchange runs away with it it's not a big loss for me.

If I have made a lot of purchases and do not plan to sell, I am sending my wallet. If I do not send help but buy. and I am shopping from major sites. I think that if they have security weakness because they are world famous, they will meet them. But of course there is still uncertainty and guarantee when it is crypto.

If you trade coins, you can keep them on the exchange. But if not, it will be better to have them in the software wallet or hardware wallet. If you own the erc20 tokens, MEW is a good choice.
There are also many wallets for multiple cryptos, for example

Coinomi - This is the wallet that contains the largest amount of cryptos.
Exodus - Exodus offers the exchange of certain cryptos between them without having to send them to the stock exchange.
JAXX - You can safely store your tokens in it. There is also a mobile version.

Keep them in my wallets 8) 8) 8)

I use Ledger Nano S

I chose to keep altcoins on the stock exchange. Of course there is a risk that the exchange will be hacked. But I have orders for all my coins and if the price starts to fall, I will keep my money in Fiat.

Put it in your wallet so that you can rest assured. If the exchange is hacked then I will lose all the money.

I use online wallets. I believe that this is one of the safest ways to store cryptocurrency. It is very simple.

There are exchanges in my currency, of course, the best exchanges, and then do the strictest security measures.