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Author Topic: Is it possible to have one wallet for all cryptos?  (Read 751 times)
AymDoo (OP)
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March 02, 2018, 11:36:12 AM
 #1

Technically speaking, is it possible to have one wallet for all cryptocurrencies?

It is such a big pain that we have to use o many wallets if we want to trade many altcoins.
Captain_Planet
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March 02, 2018, 11:38:46 AM
 #2

There are some wallets which supports many cryptos but having one wallet saving all cryptos is hard but not impossible.
MadGamer
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March 02, 2018, 11:39:17 AM
 #3

It is possible and you will find wallets that support multiple cryptocurrencies but none of them will ever support each one of them because there is a lack of interest. A wallet provider wouldn't waste resources to develop something that is not going to be used.
Manoharachan
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March 02, 2018, 11:39:36 AM
 #4

For one wallet for all cryptocurrencies I think that's very unlikely, because each coin has its own wallet for their coin characteristics.
tokexchain
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March 02, 2018, 11:43:20 AM
 #5

There is of course a possibility of this, but for security I would only stick to a dedicated wallet, we must not forget there are many Blockchains and sidetokens and of course differing algos for the coins and tokens, let's keep it simple eh.
LuanX3
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March 02, 2018, 11:44:38 AM
 #6

Technically speaking, is it possible to have one wallet for all cryptocurrencies?

It is such a big pain that we have to use o many wallets if we want to trade many altcoins.

Nope. Not possible at all (although technically yes, but it is impossible due to other factors). Since cryptocurrencies all have different code that would be hard to place into one wallet. It would take a huge effort to do so and a lot of crypto currencies are not even worth the effort of writing into the supposed/proposed all-in-one-crypto-wallet. There are online wallets though that tries to implement this, but since it is online, it is quite hard to trust.
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March 02, 2018, 11:50:58 AM
 #7

Currently there doesn't seem to be one, at least a hardware wallet, which is way safer than online wallets.

Keep in mind though that many cryptos are utility tokens (ERC-20 for example). That means that you do not need a specific support on the wallet for that crypto, since it should automatically be supported by your ETH Wallet (or your hardware wallet connected to MEW - MyEtherWallet).

oginiimaoyani
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March 02, 2018, 12:35:38 PM
 #8

I think the every crypto invested should have a wallet of its own, keeping all your crypto in one wallet is like putting all your eggs in one basket and is not too ideal.


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rosanoe
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March 02, 2018, 12:49:12 PM
 #9

Yes it is possible to havr one wallet with all the crypto. But even if it is only one, they will not support each other in one wallet.
christina30
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March 02, 2018, 12:54:14 PM
 #10

Will its possible my friend. Myethwerwallet already  dothat. They accept any token on them. For me myetherwallet is great you can send your token in just a minute it will recieve to the reciever.
Manoharachan
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March 02, 2018, 12:57:58 PM
 #11

That's not possible, because each wallet has its own character, if it were in the world of cryptocurrency it might make it easier for us to find the cryptocurrency wallet.
Paractor
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March 02, 2018, 12:59:44 PM
 #12

There are some virtual wallets that claim to hold alot of different holdings for a variety of cryptocurrencies.
The first that comes to mind is iconomi wallet.
The second one is exodus.

bololord
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March 02, 2018, 01:00:05 PM
 #13

Technically speaking, is it possible to have one wallet for all cryptocurrencies?

It is such a big pain that we have to use o many wallets if we want to trade many altcoins.
I guess there is no wallet like that because if it exist then it should have trendy and almost used by many but none. I know a portfolio, there you can store all of your coins and let it go with the cryptomarket's demand for increase or decrease. But its not impossible to have that kind of wallet and it would be a better one, so we don't need so much app for computer or smartphones to have different currencies.
Icaxx
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March 02, 2018, 01:07:38 PM
 #14

It is possible and you will find wallets that support multiple cryptocurrencies but none of them will ever support each one of them because there is a lack of interest. A wallet provider wouldn't waste resources to develop something that is not going to be used.

If this is possible so what wallet would you suggest to store many of altcoin in one web wallet?
As far as i know, i never find any wallet which can be used for storing many of altcoin.
penig
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March 02, 2018, 01:07:51 PM
 #15

You cant have a single "wallet" because of the different technologies and blockchains involved.  

There is a clear demand for some application that provides a unified interface to multiple wallets.  However since many coins dont even have decent native wallets, having developers build third party apps with such integration is a dream at the moment.  

A possible solution will be a local client for a exchange, the exchange having a commercial incentive to put the devs to work, and you pay small fee when transferring, with keys stored locally.  I'd need to re-read some white papers, it may be on the road map for some existing projects, and if not remember who gave you the idea to create this  Wink
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March 02, 2018, 01:10:06 PM
 #16

Technically speaking, is it possible to have one wallet for all cryptocurrencies?

It is such a big pain that we have to use o many wallets if we want to trade many altcoins.
As of now there are some multi crypto supported wallets are available but there is no wallet which can support all the crypto currencies,but in future there maybe wallets will be created according to the needs but now the hardware wallets like Ledger Nano S supports most of the reputed cryptos and some ERC20 tokens so you can use it now,and Coinomi is also another best multi supported crypto wallet.
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March 02, 2018, 01:11:16 PM
 #17

It's not quite possible to have an all-in-one wallet yet. Remember that other coins have architectures that are either based on Eth or on BTC, and those two have separate wallets themselves, so it may happen, but not right now. One desktop wallet that I know is Exodus, which actually supports may cryptos in it, and act as a wallet to them too. But, it's limited to the famous coins, and some Eth assets, so it's not that flexible yet.

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March 02, 2018, 01:13:53 PM
 #18

I think no one will do that, because each coin have different values like bitcoin. They have their own address format and supported coins values.
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March 02, 2018, 01:14:09 PM
 #19

The hardware wallets, they support a wide (but limited) number of coins. Some coins that are not supported directly, can be supported by using a hardware wallet paired with some other software wallet. This is the case of MEW (MyEtherWallet), which can store Ethereum and all ERC-20 tokens and it can be paired with a hardware wallet.

So even if you may need a few software wallets to hold your coins, the private keys may be stored on one device only.

For the list of supported coins please consult

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March 02, 2018, 01:16:37 PM
 #20

No, as of now since every coin is following different network it is not possible to have a single wallet (with the same address) for multiple coins, but you can always go with the hardware wallet like Trezor where you will have a single dashboard to manage your multiple crypto coins, still there will be different section to deal with different kind of coins.
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