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Author Topic: Which is the most trusted wallet for store Altcoins?  (Read 273 times)
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January 29, 2020, 09:08:11 PM
 #21

Hardware wallets like Ledger Nano S and X, Trezor is safest place to keep altcoins. All other wallets (desktop,mobile, web and others) is significantly less secure. Apart from hardware wallets, Coinomi is good option IMO.

Coinomi is closed-source, and I would almost never recommend the usage of closed-source wallets. Exodus has both a desktop and mobile app, so I'd suggest using that instead. Though I'd never recommend holding a huge variety of coins in the first place for obvious(smelly) reasons.
You have valid point, but I'm not sure why you're suggesting Exodus, when they aren't open source, same like Coinomi.
And Ledger wallet isn't open source too, but it doesn't makes them less secure to use.

Coinbase is a wallet that has been operating for a long time and has a good reputation, but the type of altcoin that can be stored on coinbase is not very complete, but to save coins that are already popular I think coinbase is good enough, I think most people will exchange their coins for popular coins to store.
Coinbase is least secure place to keep your coins, same like all other exchanges. There are many reasons why. You don't have full control of your coins, it's centralized and requires KYC and it can be hacked. Exchanges shouldn't be used as a wallet.

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January 30, 2020, 09:28:27 AM
 #22

You have valid point, but I'm not sure why you're suggesting Exodus, when they aren't open source, same like Coinomi.
And Ledger wallet isn't open source too, but it doesn't makes them less secure to use.
My bad there, edited my post. Apparently Exodus is only partially open-source. As for Ledger, their software(Ledger Live is open-source[1], but the hardware and the java card isn't. But yea, there's definitely still trust needed. Devs have claimed that it it will be more transparent as time goes *fingers crossed*.


[1] https://github.com/LedgerHQ/ledger-live-desktop

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TheGreatPython
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January 30, 2020, 05:08:53 PM
 #23

Most common problem for new users thay are alwyas looking to safe scure wallet i see some complain regarding that not easy to find out as well thy required.its is possible to safe all coin in one wallet with good security and secure please tell me and suggest me what is the best soloution for that i will appreciate you sugggestions this will help to encourge my knowledge and also benifits for new users thanks.
I would personally suggest you to create an account on any of the reputed exchange which you could even use as an wallet. You can store any of the coin on a single platform and also it would give you the ease to quickly trade with those coins if you see any good dip or pump.

It makes me reliable and I can also trade with my altcoins along with just holding them so I would store most of my altcoins onto exchanges like binance, etc. These exchanges too are secure and once you add 2FA, SMS verification, Email confirmation, Additional passwords, etc those might be more secure than the wallets. Only risk for you there would be in case the exchange is hacked and each user looses their funds over there but it is much rare scenario.

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January 30, 2020, 07:30:11 PM
 #24

Most common problem for new users thay are alwyas looking to safe scure wallet i see some complain regarding that not easy to find out as well thy required.its is possible to safe all coin in one wallet with good security and secure please tell me and suggest me what is the best soloution for that i will appreciate you sugggestions this will help to encourge my knowledge and also benifits for new users thanks.
I suggest you make a decision between Trust Wallet and Coinomi Wallet, these two are multi wallets and very easy to use for newbies, i find Trust Wallet to be the easiest, you don't have to add Erc20 tokens manually
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January 31, 2020, 09:04:01 AM
 #25

I suggest you make a decision between Trust Wallet and Coinomi Wallet, these two are multi wallets and very easy to use for newbies, i find Trust Wallet to be the easiest, you don't have to add Erc20 tokens manually

trust wallet?  havent use this but i can see this wallet is being recomended by users here lately  .  i dont know if those users are all the same and connected by this wallet and they only promote it  but what if my whereabouts were wrong  and the name of this wallet tells it all  ?  but about coinomi , this wallet is totally legit no doubt  . the only problem is that you need to add some tokens if its not pre supported   . i still like mew better because its auto synced the token and the alts  .
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January 31, 2020, 09:11:41 AM
 #26

Any wallet that gives fully access to users fund is good enough for me, stay away from online wallets that requires mail and password to login, they are in control of your funds, make sure you have full access to your recovery seed or private keys
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January 31, 2020, 01:34:33 PM
 #27

Most common problem for new users thay are alwyas looking to safe scure wallet i see some complain regarding that not easy to find out as well thy required.its is possible to safe all coin in one wallet with good security and secure please tell me and suggest me what is the best soloution for that i will appreciate you sugggestions this will help to encourge my knowledge and also benifits for new users thanks.

So far I have no issue at all using Exodus been using it since it's creation and even before I invested in altcoins, I am very much satisfied on its security features and they have very good support, and the wallet is always up to date so there is no bug whatsoever. I've just downloaded other multi-coin wallets like Coinomi and Atomic and Jaxx but Exodus for me is the best.

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