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Author Topic: Where do you store your altcoins?  (Read 1643 times)
Om.monata
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August 22, 2017, 10:33:51 AM
 #21

I keep in wallet offline, because right now a lot of hackers targeting altcoin. and I just enter to the exchanger if the medium wants to sell it and it was only in the nominal specific
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According to NIST and ECRYPT II, the cryptographic algorithms used in Bitcoin are expected to be strong until at least 2030. (After that, it will not be too difficult to transition to different algorithms.)
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Oceat
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August 22, 2017, 10:39:53 AM
 #22

I used mostly the main wallet for altcoins (ex. myetherwallet) because i'm planning on investing it on a long term. Don't ever trust those exchanges, just put your wallet to the official wallet of the altcoin. People here told you to stay away to poloniex and bittrex, that's why don't trust any exchanges for your altcoins if you want to invest it for a long term.

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August 22, 2017, 10:45:34 AM
 #23

Perhaps myetherwallet could be your choice because its performance is good equipped with adequate security like a private key, the json file and also more, myetherwallet has a fee which is not too big and not too little adjusting of nominal transactions. myetherwallet having problems login in the insecurity of phishing scams so should take care to use it.

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August 22, 2017, 10:48:22 AM
 #24

I don't use other wallets for my altcoins other than myetherwallet.com for Etherium-based altcoins and ETC and waveswallet.io for my waves-based coins. But not for long because I don't store them for a very long time. I always trade them.

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rudystyle
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August 22, 2017, 11:39:31 AM
 #25

I use myetherwallet but I am not sure whether it is completely safe

realhobo669
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August 22, 2017, 12:12:14 PM
 #26

You should see the altcoin website they have other options.
If Altcoins are just tokens go with myetherwallet. Smiley Smiley

Exchanges are not good options due to security risks
Maum
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August 22, 2017, 12:21:21 PM
 #27

I let a little amount in mobile multicurrency wallet. Higher amount is stored in hardware wallets, that support different currencies.
c0in_junkie
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August 22, 2017, 12:25:23 PM
 #28

i spread it in 2 hardwarewallets (TREZOR & Legder Nano S) and desktopwallets (like XEM, etc...)
Shitcoins on exchanges for fast reacting  Cheesy
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August 22, 2017, 12:34:36 PM
 #29

i'm having some issues deciding on what wallet should i use..

thinking about just leaving it on the exchange, what are your thoughts?

currently investing in 8 altcoins
If a certain altcoin do have its own respective wallet then its the best choice to select that one rather than on deciding up on putting your coins or leaving on exchanges.Knowing that storing them there would really have the risk on losing them compared on storing them on your own wallet with they keys saved. If its an ETH-platform based coins then most likely people do make us of myetherwallet and if its waves based then waveswallet.io would be good.

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trumper
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August 22, 2017, 01:09:41 PM
 #30

I think you should not your long term coins in exchanges, hold them in hardware wallet or paper wallet. For trading you can hold some coins in exchanges.

suryati
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August 22, 2017, 01:25:52 PM
 #31

I think if you keep altcoin too long in swallow exchanger it is very risky, preferably for long term and in large quantity you should use offline wallets from the coin by confiding private key and password, I think it is safer but if only used for temporary and Will be withdraw to the local bank you can use the wallet exchanger  Smiley
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August 22, 2017, 01:31:39 PM
 #32

This is the dilemma of altcoins. If you want to invest in low market cap coins (for huge potential gains), you need to download a bunch of suspicious wallets.

Yes, this is a problem I have. I tend to keep smaller coins on the exchanges, as I see that as less of a risk... still a risk though!






yillusion
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August 22, 2017, 01:40:13 PM
 #33

some in my wallet and some in exchange, in fact, most are in exchange, because i have little long term coins, though i trade not very frequently, but i think i would better have the coin on my hand if i want to sell them
Tezcalitpoka
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August 22, 2017, 02:30:12 PM
 #34

Since im not holding alts for long term, i keep them in exchange, but if i go for long term i use myetherwallet for ether based alts.
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August 22, 2017, 03:24:02 PM
 #35

For altcoins, i just keep it in wallet exchange. Because, very inconvenient if have to install each wallet altcoins on our pc. Instead, advantage we get if stored on wallet exchanges. We can make a sell or buy faster when compare stored it in wallet pc.
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August 22, 2017, 03:31:58 PM
 #36

Paper wallet with multiple copies is the best way to store coin if going for long term investment.

Far simpler: Old laptop, dedicated use. Mostly stuffed away "airgapped". Occasional full harddisk backups against hardware failures. Two copies are sufficient. If it has cd burner, stuff wallets on cds.

That paper bussiness is a hassle, to high chance of transscription errors and major headaches.
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August 22, 2017, 03:33:41 PM
 #37

Exactly what answer are you looking for over here ? There are two ways to keep your coins. On an exchange or in the actual wallet.  Obviously we going to tell you to use the original altcoin wallet why would you use any other. You know an exchange is a bad place to put your coins so why are you even asking here as if we going to give you some magical answer ? Like what exactly are you expecting here ?

As the above user say stay away from polo and bittrex. Bittrex are idiots. They locked my account and said I must verify since it was worth over $1000 which it wasn't. When I told them they I locked it right away. If they want my details I want theirs.

Strange. They locked my account, too.

But because it was empty & unused, and that detail is facepalming. I mean, why do you lock people's funds into your own pocket if there are no funds to grep?
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August 22, 2017, 03:36:33 PM
 #38

i was storing my altcoin on wallet website. such as myetherwallet for eth coin. you can store it on pc thought.

vfrcbv91
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August 22, 2017, 03:49:42 PM
 #39

If you are an investor and not a trader never store your tokens on the exchange.
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August 22, 2017, 04:15:16 PM
 #40

If you are an investor and not a trader never store your tokens on the exchange.


Yes it may be because I am trader, I always keep some of my altcoins in the exchanger, because i think it makes me easier in every trade deal, although sometimes i feel afraid of the exchange about the security of hacker attacks.
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