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Author Topic: Best way to hold coins?  (Read 811 times)
danherbias07
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October 03, 2017, 01:55:41 AM
 #41

Hey guys,

I've read around a bit, googled, but I know many are active traders - so I'll ask here:

Background:  I have about 6 coins currently (not much) and 1 ICO (in it's own wallet, of course). Some of these are active trades, some for hold.  Currently I have 1 in a Cryptopia Wallet (unsure if this will be hold or active yet) and 5 in Bittrex Wallets.  I also have Exodus and mine ETH and DCR to those wallets.

What is the preference?  

  • Have my own PC-based wallet and back it up?
  • Use a hard-wallet? (thinking like Trezor)
  • Other?

Thanks.  Just trying to figure this all out Smiley

I own Trezor. But I'm using it only for long-term hodl. My daily needs are on local/online wallets. But only small amounts.
Never use Cryptopia or any other exchange as long-term wallet. Exchanges are... exchanges. To exchange coins and withdraw.

He already answered the basics.
Stop using exchanges as a wallet or you are risking to much that way.
I know we want a faster way to exchange our coins if a certain increase in price is happening but at what expense?
Use Trezor if you want or use the wallets provided by those coins. Some of them offers that or have a preferred wallet.

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bayong
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October 03, 2017, 02:24:03 AM
 #42

For me I used trusted wallet provider because they are legit and running for a long time like blockchain.info, myetherwallet.com and waveswallet.io and we also have here on our local the coins.ph.

I also have hardwallet but I would transfer this account soon to exchange site because I can't guarantee the safety for it now because I have aged laptop.
banake
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October 03, 2017, 02:29:37 AM
 #43

There are many ways to hold coins: online wallet,  coin wallet, exchange...
But the safest one is put them on hard wallet: Keepkey, Trezor, Legend S
You only need keep security words. Even you lost hard wallet, you still can recover your balance
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October 03, 2017, 02:39:33 AM
 #44

Hey guys,

I've read around a bit, googled, but I know many are active traders - so I'll ask here:

Background:  I have about 6 coins currently (not much) and 1 ICO (in it's own wallet, of course). Some of these are active trades, some for hold.  Currently I have 1 in a Cryptopia Wallet (unsure if this will be hold or active yet) and 5 in Bittrex Wallets.  I also have Exodus and mine ETH and DCR to those wallets.

What is the preference?  

  • Have my own PC-based wallet and back it up?
  • Use a hard-wallet? (thinking like Trezor)
  • Other?

Thanks.  Just trying to figure this all out Smiley


Whatever the trusted wallet you use as long as you can keep it that's good but not using exchange wallet (not recommended). For me i just using online wallet like MEW and also offline wallet or PC wallet.



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omnik
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October 03, 2017, 02:45:40 AM
 #45

Hey guys,

I've read around a bit, googled, but I know many are active traders - so I'll ask here:

Background:  I have about 6 coins currently (not much) and 1 ICO (in it's own wallet, of course). Some of these are active trades, some for hold.  Currently I have 1 in a Cryptopia Wallet (unsure if this will be hold or active yet) and 5 in Bittrex Wallets.  I also have Exodus and mine ETH and DCR to those wallets.

What is the preference?  

  • Have my own PC-based wallet and back it up?
  • Use a hard-wallet? (thinking like Trezor)
  • Other?

Thanks.  Just trying to figure this all out Smiley


Whatever the trusted wallet you use as long as you can keep it that's good but not using exchange wallet (not recommended). For me i just using online wallet like MEW and also offline wallet or PC wallet.
There is a lot of hacked case related to the mew wallet, as far as i understand the paper wallet should be the best wallet in my opinion. The only reason your wallet got hacked caused by yourself.
agus_purno
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October 03, 2017, 03:19:14 AM
 #46

Hey guys,

I've read around a bit, googled, but I know many are active traders - so I'll ask here:

Background:  I have about 6 coins currently (not much) and 1 ICO (in it's own wallet, of course). Some of these are active trades, some for hold.  Currently I have 1 in a Cryptopia Wallet (unsure if this will be hold or active yet) and 5 in Bittrex Wallets.  I also have Exodus and mine ETH and DCR to those wallets.

What is the preference?  

  • Have my own PC-based wallet and back it up?
  • Use a hard-wallet? (thinking like Trezor)
  • Other?

Thanks.  Just trying to figure this all out Smiley


Whatever the trusted wallet you use as long as you can keep it that's good but not using exchange wallet (not recommended). For me i just using online wallet like MEW and also offline wallet or PC wallet.
There is a lot of hacked case related to the mew wallet, as far as i understand the paper wallet should be the best wallet in my opinion. The only reason your wallet got hacked caused by yourself.

indeed hacking happens is not entirely a hacker fault but also our fault for not being careful but it all does not require to stop using mew because in my opinion the offline wallet also has shortcomings

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dewanaga
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October 03, 2017, 03:25:52 AM
 #47

Hey guys,

I've read around a bit, googled, but I know many are active traders - so I'll ask here:

Background:  I have about 6 coins currently (not much) and 1 ICO (in it's own wallet, of course). Some of these are active trades, some for hold.  Currently I have 1 in a Cryptopia Wallet (unsure if this will be hold or active yet) and 5 in Bittrex Wallets.  I also have Exodus and mine ETH and DCR to those wallets.

What is the preference?  

  • Have my own PC-based wallet and back it up?
  • Use a hard-wallet? (thinking like Trezor)
  • Other?

Thanks.  Just trying to figure this all out Smiley


Whatever the trusted wallet you use as long as you can keep it that's good but not using exchange wallet (not recommended). For me i just using online wallet like MEW and also offline wallet or PC wallet.
There is a lot of hacked case related to the mew wallet, as far as i understand the paper wallet should be the best wallet in my opinion. The only reason your wallet got hacked caused by yourself.

indeed hacking happens is not entirely a hacker fault but also our fault for not being careful but it all does not require to stop using mew because in my opinion the offline wallet also has shortcomings
if I alone to hold a good coin that is ethereum, I am sure will rise in price and ethereum
 will be the best coin after bitcoin
NelfiNovita
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October 03, 2017, 03:35:24 AM
 #48

easy and simple way using ledger nano s, I am sure the money I save will be safe. or you can also save it in your own wallet not in the market this way much safer and you can directly use it when you need without having to sell it first.

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