yoonah
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Activity: 231
Merit: 100
Presale is live!
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August 22, 2017, 04:27:22 PM |
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I store my alternative coins from the exchange where I bought them though I know it is not advisable to do this because its not safe. I will soon transfer this in safe place like desktop wallet or in myetherwallet since some of my coin is ethereum based.
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It is a common myth that Bitcoin is ruled by a majority of miners. This is not true. Bitcoin miners "vote" on the ordering of transactions, but that's all they do. They can't vote to change the network rules.
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Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
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Beicin
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August 22, 2017, 04:28:51 PM |
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Electrum is a good wallet for bitcoin only...
if you want one for your alts, check out Myetherwallet (MEW), it can store all erc20 tokens...
if none of these satisfy your needs, u'd probably need to get individual wallets for each altcoi
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MissionPhailed
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August 22, 2017, 04:53:15 PM |
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Indeed: keeping your coins on an online exchange for a longer period of time is basically a big no-no when you're concerned about security, theft, stuff like that. Exchanges that exists seeminly unfazed for years can disappear overnight. Example: BTC-e.com.
I'm in the process of removing my coins from an online exchange as I speak. However, this doesn't go without problems as it seems ...
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giantrobot
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August 22, 2017, 05:24:50 PM |
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I store my alternative coins from the exchange where I bought them though I know it is not advisable to do this because its not safe. I will soon transfer this in safe place like desktop wallet or in myetherwallet since some of my coin is ethereum based.
Currently, most altcoin are linked to MEW, so I use it as the only wallet to store all the altcoin. I am quite safe when using it. |
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arpon11
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August 22, 2017, 05:31:24 PM |
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I do live my altcoins in my online wallet and some that I cannot keep there key on exchanger platforms. I have account with https://c-cex. com and http://poloniex. com. I have never have problems with this exchangers platforms and I advise you can use them. |
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zabisux
Sr. Member
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Activity: 401
Merit: 250
Presale is live!
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August 22, 2017, 05:35:14 PM |
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I enjoy to use myetherwallet's small files for Ethereum tokens. I also love when devs make lightweight wallets. Other coins stay on market.
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gustavroy
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August 22, 2017, 05:38:15 PM |
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my some coins on the market some of them in wallets.I trust bittrex by the way
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nomenclatur
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August 22, 2017, 06:27:21 PM |
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Indeed: keeping your coins on an online exchange for a longer period of time is basically a big no-no when you're concerned about security, theft, stuff like that. Exchanges that exists seeminly unfazed for years can disappear overnight. Example: BTC-e.com.
I'm in the process of removing my coins from an online exchange as I speak. However, this doesn't go without problems as it seems ...
This risk is unavoidable and now the next issue is rapidly flowing into the poloniex market, they are considered the next btc-e if not submitting the financial statement files billed by the SEC, I also believe in storing altcoin in myetherwallet and waves. There is an article that mentions that blockchain will receive altcoin on their platforms, I consider this news to be very good news. |
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Rana590
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August 22, 2017, 06:30:52 PM |
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Hey it depends on your altcoin. If it is token base you can try myetherwallet. Personally i use myetherwallet for token and altcoin. Sometimes i need to store a coin on it's own based wallet. For maintaining it, i have created account and help of the privte key i can easily entry my account. So it will your choice that what kind of altcoin you have.
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PANK21
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Activity: 342
Merit: 108
Bounty Detective
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August 22, 2017, 06:39:14 PM |
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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
You can store your altcoins in myetherwallet. I think you should use myetherwallet cause that is the most used wallet in transaction nowadays, if you are using altcoins myetherwallet is the best wallet for you cause they've got a lot known tokens that might using. Just go to myetherwallet.com and create your own wallet for your altcoins. |
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bitllionaire
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Activity: 1120
Merit: 1000
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August 22, 2017, 07:49:50 PM |
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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
You can store your altcoins in myetherwallet. I think you should use myetherwallet cause that is the most used wallet in transaction nowadays, if you are using altcoins myetherwallet is the best wallet for you cause they've got a lot known tokens that might using. Just go to myetherwallet.com and create your own wallet for your altcoins. i mostly save my bitcoin in the exchange which i mostly use for trading or exchanging my bitcoin. for example i mostly use yobit exchange and therefore most of my bitcoin are store in yobit wallet. in fact i found yobit as more reliable and trusted as i am using it for a long long time but found noting wrong in it. |
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namjey
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Activity: 126
Merit: 10
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August 22, 2017, 08:43:30 PM |
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Because I don't have too many alt coins, I just keep them in exchanges. As soon as I can get some profit I trade them immediately. I guess for small amount, exchanges are totally fine.
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JonahCallan
Newbie
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Activity: 45
Merit: 0
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August 23, 2017, 07:34:04 AM |
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I will keep it on the trading floor I think that's the best way
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illyiller
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August 23, 2017, 08:01:00 AM |
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Get a Trezor, consider paper wallets too.
Not an option for most altcoins. I'm also worried about their long term integrity, just like I worry about storing wallet backups on thumb drives over the course of years. Paper wallets are always a reasonable option, agreed. But the fact remains: you need to choose between third party risk (exchanges getting hacked or exit scamming or getting shut down) and the inconvenience of downloading lots of altcoin wallets (plus the risk of malware). There's no great answer. The safest way is to store coins in wallets on separate VMs, with no access to real money like BTC or ETH. |
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sweerty1
Sr. Member
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Activity: 453
Merit: 251
Presale Starting May 1st
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August 23, 2017, 08:05:56 AM |
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I love to hold them in free clean hdd of mine with their official wallets. I don't really trust online wallet, lot of problems happened with 2fa and so on.
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Vasilije69
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August 23, 2017, 10:53:05 PM |
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I store some of them in wallets and other on the exchanges.
But, I don't suggest you to leave it on Poloniex because today I got banned for no reason and I still didn't get unban... This is the last time that I am using it, that's for sure.
Uh, that sounds worrisome. I know there are a lot of complaints about them right now. Could you elaborate a bit? Did they provide a reason for freezing the account? This is why you should avoid exchanges. Bittrex is locking lots of accounts and enforcing verification, and Poloniex has been plagued by these kinds of complaints for months already. Stay safe out there, and keep minimal amounts on the exchanges. I only trade long term because of this, and I tend to enter/exit positions over several days to avoid having much funds locked on the exchange at any one time. No, they didn't give me reason for that. And I assure you I haven't done anything ilegally.  I just got this. I guess they made mistake somehow... I wrote ticket to them like 12 hours ago and still they didn't do anything about that... I hope they will fix that as soon as possible. It's been more than 3 DAYS since i have written ticket to them, but still nothing. This is starting to seriously grinds my gears...  |
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GreatOrchid
Legendary
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Activity: 1092
Merit: 1001
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August 23, 2017, 11:00:08 PM |
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God no... I dont understand why people store their altcoins in Exchangers, dont you people know that a lot of exchangers are having too many scam acussations? A lot of them are just dissapearing.
I had like 0.50 in Poloniex and they did not let me withdraw that eth, i sent them a ticket and they replied me e2 months after.
I dont suggest anyone to store their altcoins in such sites like this ones, all you are gonna get is a scam in a long term.
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princerepon
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August 24, 2017, 12:01:27 AM |
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Yeah, if you think you are gonna store your altcoin for couple of years or months then don't reserve it any exchange site. Because it's too risky to trust any third party exchange site. Collect those coin your own wallet. You can use ethert/waves wallet (witch alcoin based on it) and you can use coin own wallet (witch coin have there own wallet) for more safety. Using wallet is the more secure than exchange site...  |
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Ponzi Shame
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August 24, 2017, 12:05:20 AM |
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Yeah, if you think you are gonna store your altcoin for couple of years or months then don't reserve it any exchange site. Because it's too risky to trust any third party exchange site. Collect those coin your own wallet. You can use ethert/waves wallet (witch alcoin based on it) and you can use coin own wallet (witch coin have there own wallet) for more safety. Using wallet is the more secure than exchange site... I'm not sur that specific wallet is the most secure wallet for any altcoins...  |
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