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Author Topic: Do we have a universal wallet?  (Read 1484 times)
b_parin (OP)
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August 17, 2017, 11:49:48 PM
 #1

Do we have a universal wallet that we can use to any bitcoin and alcoins?
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August 17, 2017, 11:54:45 PM
 #2

Do we have a universal wallet that we can use to any bitcoin and alcoins?

I wish! Unfortunately, no. If you want to use a bunch of different altcoins and tokens you will need to download the respective wallet clients for each one, which can be a pain but that is how it is.

It would be nice if there was a universal crypto wallet that could hold every coin/token. Oh well.



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Josepht
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August 17, 2017, 11:57:23 PM
 #3

There is software available that can contain multiple coins, for example https://coinomi.com/
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August 18, 2017, 12:05:13 AM
 #4

There are some wallets which supports multiple coins: Jaxx, Exodus, Coinomi, Trezor hardware wallet, several online wallets. But there are no wallet, where you can keep all existing altcoins. I think it would be complicated to create such wallet, it requires much resources to run it with hundreds of coins. Currently, multicoin wallet devs are adding only stable and popular coins. It's not worth to support hundreds of shitcoins.

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August 18, 2017, 12:08:25 AM
 #5

There is software available that can contain multiple coins, for example https://coinomi.com/

Hey, thanks for posting this. I am going to give it a look as I need something that can hold multiple coins instead of wasting my computer space.
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August 18, 2017, 12:21:39 AM
 #6

When ever the wish occurs to put all eggs into one single basket ... I got reminded of that old saying about putting all eggs into one single basket!
Honestly, exchangers occasionally are goxxing, that's a given. But we dont need no more additional fault lines.
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August 18, 2017, 12:28:04 AM
 #7

The problem with a universal wallet if it goes down you lose everything! Shocked
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August 18, 2017, 12:47:55 AM
 #8

Do we have a universal wallet that we can use to any bitcoin and alcoins?
Actually already a wallet is available to put the bitcoin and altcoins at the single account ,  According to my mind sharpness about two wallets are available out of them coinomi is best ( may be few altcoin may not support ) .
But herr in my opinion it is not a better option for us because if all the coins will be at the single place then trading will get stuck because people will remain more active with the direct analysis , so more better for us that not every coin should be available at a single place and make the market of the cryptocurrency like the moderate competition field .
And also you can see the developer of the single account of holder of many coin can't manage easily ( as we can see even at bug exchange 20% Wallets of altcoins remain under maintenance )
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August 18, 2017, 01:21:35 AM
 #9

When ever the wish occurs to put all eggs into one single basket ... I got reminded of that old saying about putting all eggs into one single basket!
Honestly, exchangers occasionally are goxxing, that's a given. But we dont need no more additional fault lines.

The bottom line is there isn't any exchange currently available - or client for that matter - where you can store ALL coins. It just simply doesn't exist. ETH wallet can handle tokens, so that works for ICOs, and Coinimi works great for most established altcoins. If neither of these work, the only option left is downloading the individual wallet client of each coin. As you say, this is probably for the best as it is never a good idea to put all your eggs in one basket. Tongue

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August 18, 2017, 01:42:47 AM
 #10

i wish that also will come in the future so we can stock all of our coins in one wallet also bitcoins so its easy for us to acces in one wallet only

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August 18, 2017, 01:43:33 AM
 #11

If your asking to include all crypto currencies in single wallet, it was good to have to easily access all of your coins,

however, it would be result in a great pain, it would consume more space and resources on your device, the updates and management for the new and dump coins could be headache.

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August 18, 2017, 01:47:44 AM
 #12

there are no universal wallet for reason AFAIK, if there were universal wallet the type of altcoin would be centralized like only bitcoin could be used. as well, most likely to synchronize those blockchain would take you years if your computer does not work fast.

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August 18, 2017, 02:13:50 AM
 #13

i am using two type of wallet which can save bitcoin and altcoin. the wallet is coinomi and coin payment. it is a wallet for android phone and upi can download in playstore. until now, i am not having any problem with those wallet. the dev has work the best for each wallet and i see there is an update regularly. i am satisfied with that two wallet.

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August 18, 2017, 02:18:24 AM
 #14

Do we have a universal wallet that we can use to any bitcoin and alcoins?

Exchanges, perhaps? If you are to store altcoins and btc in a single wallet, you are putting yourself into a big risk of being hacked. One single file can cost you hundreds or thousands of dollars down the drain. It's best to just keep these coins in their own wallets for you to be safe and have a proper management to your coins as well.

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August 18, 2017, 02:36:52 AM
 #15

Do we have a universal wallet that we can use to any bitcoin and alcoins?

I wish! Unfortunately, no. If you want to use a bunch of different altcoins and tokens you will need to download the respective wallet clients for each one, which can be a pain but that is how it is. It would be nice if there was a universal crypto wallet that could hold every coin/token. Oh well.

That would be a good idea but I am sure that putting up all the programming and infrastructure can be hefty and could take a long time to put up. I am so sure that there are already people who are also thinking of the same idea but I guess this is not an easy task to accomplish. Plus there are always the concern on security which is actually the top priority and when you have a big field to watch for there is a big tendency for lapses and weaknesses. However, hope there will really be a service like this for convenience of all crypto enthusiasts.
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August 18, 2017, 02:50:23 AM
 #16

Well we don't have but I wish we have one. A universal wallet. What would be the good effect if we have one? Well the fee would be null. The fee only applies when you are to pass money from wallet to external wallet. That would be the cause of the fee. And another good effect on having one, we will treat it as the most trustable wallet there is.

 
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August 18, 2017, 03:13:35 AM
 #17

Do we have a universal wallet that we can use to any bitcoin and alcoins?
I wish that we may have a universal wallet to all cryptocurrency. But, it may have a bad side. well, since its a universal wallet it's centralized but, still it may always depend on the developer on that kind of wallet.
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August 18, 2017, 03:35:24 AM
 #18

There was a wallet for BTC and ETH at the same time but I've heared that is is centralized and someone was scammed by it's developers so be carefull while choosing a wallet Smiley
Also due to youtube overview different hardware wallets also support at least BTC + ETH. That would be a safer choice.
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August 18, 2017, 03:40:48 AM
 #19

Do we have a universal wallet that we can use to any bitcoin and alcoins?
Not a universal but multiwallet which hold different cryptocurrency assets. there's wallet providers that supports both btc and other altcoin like exodus, jaxx, and I've heard of holytransaction as well.
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August 18, 2017, 03:47:06 AM
 #20

I think you are talking about multicoin wallet, if yes than there are many such wallets which we can use to store multiple altcoins along with bitcoin in one wallet. One of my favorite is jaxx, some of the other similar wallets are exodus, freewallet, coinomi etc.

Jaxx gives complete control over our crypto so I love them.
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