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Author Topic: Hold your coins in multiple wallets  (Read 4804 times)
Taki
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May 20, 2018, 06:43:10 PM
 #101

Well, that's what I'm doing. I have  wallet on an exchanger and Blockchain wallet. On the exchanger I'm holding small amount of coins to cash it out fast when I desperately need money and Blockchain wallet is for bigger amount of coins. Do not hold all eggs in one basket, this saying  is working pretty well in the case of crypto currencies. Thankfully we have a lot of variants for coins storage and each of us choose himself what suits the most to him.
acheampong64
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May 20, 2018, 06:45:51 PM
 #102

Yeah I also do same. I make sure I don't put all my funds in one wallet so that in case the unfortunate happens to one, I'll have one as a back up. It's not a good idea to keep all your eggs in one basket.
Thanks for the advise
shiv06
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May 20, 2018, 06:47:28 PM
 #103

I'm saving all coin in trezor wallet or trezor wallet is safe mode wallet for storing your coin because it do not hacker heck these wallet. So you can purchase it and store your coin.
Samtob4
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May 20, 2018, 07:10:21 PM
 #104

am saving all coin in trezor wallet, I have  wallet on an exchanger and Blockchain wallet. but like to save more of my coin in trezor wallet
ujinice
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May 20, 2018, 07:15:32 PM
 #105

This is a very correct decision to split your savings on several wallets, I also lost some money last year by connecting one of the wallets to the phishing site of Etherdelta. This was a good lesson for me.
aardvark15
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May 20, 2018, 07:18:09 PM
 #106

Hi,

I lost some coins this year (my own fault in Phising)
But if you send your coins to multiple wallets you can split your investments better.

When your wallet is hacked you only lose this wallet.
This is my lesson for the next time  Smiley (and some other securities)

What do you do to secure your coins / tokens?


Using multiple wallets is probably a good idea. I store many coins on a ledger nano a hardware wallet. But I also keep some Bitcoins on a paper wallet. In addition to that, I store some of my altcoins on the respective coin’s wallets. I think this is a good strategy as low by as you can keep track of all your passwords and keys and keep them secure.
crustycrab666
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May 20, 2018, 07:19:49 PM
 #107

Well, that's what I'm doing. I have  wallet on an exchanger and Blockchain wallet. On the exchanger I'm holding small amount of coins to cash it out fast when I desperately need money and Blockchain wallet is for bigger amount of coins. Do not hold all eggs in one basket, this saying  is working pretty well in the case of crypto currencies. Thankfully we have a lot of variants for coins storage and each of us choose himself what suits the most to him.
a brilliant strategy. Moreover, if the store big assets in the wallet exchange are very risky. If the exchange is hacked, then our assets are in danger. So I only use wallet exchange when trading.

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HaroldConway
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May 20, 2018, 07:29:23 PM
 #108

Hi,

I lost some coins this year (my own fault in Phising)
But if you send your coins to multiple wallets you can split your investments better.

When your wallet is hacked you only lose this wallet.
This is my lesson for the next time  Smiley (and some other securities)

What do you do to secure your coins / tokens?

I think the wallet is the best option to save the coins and secure the private key for the scams. I recommend you to this wallet I think it will be help you in the future. you could check these wallet.

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MYETHERWALLET
kinki32
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May 20, 2018, 07:39:54 PM
 #109

Hi,

I lost some coins this year (my own fault in Phising)
But if you send your coins to multiple wallets you can split your investments better.

When your wallet is hacked you only lose this wallet.
This is my lesson for the next time  Smiley (and some other securities)

What do you do to secure your coins / tokens?


I recommend to use paper wallet or hardware without internet connection. When you need withdraw some bitcoin then connect flash or paper code to machine where is full system protect.
Clearstream
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May 21, 2018, 12:17:27 AM
 #110

i still believe in cold wallets . hardware wallet may have a back door . i read some news . an American old man put his life's savings in a hardware wallet . after a few days , all assets were transferred . especially the second-hand hardware wallet . out of service .
annicketucufaw
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May 21, 2018, 12:26:42 AM
 #111

Hi,

I lost some coins this year (my own fault in Phising)
But if you send your coins to multiple wallets you can split your investments better.

When your wallet is hacked you only lose this wallet.
This is my lesson for the next time  Smiley (and some other securities)

What do you do to secure your coins / tokens?


Lesson learned, don't put all the eggs in one basket. If you have a lot of coins to hold, you better separate everything in multiple wallets if you think that you are not secured when doing a transaction in a certain site or surfing the internet. It is the first thing to do to protect our coins from hackers, make sure that the wallet don't have any GAS so that transferring tokens from the hackers will be hard.

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marksayson
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May 21, 2018, 12:51:57 AM
 #112

I hope you can learn some lesson in your experience. Me also, I am a victim of phishing site and I have lost a lots of amount of altcoins. In your opinion, it is good to have multiple account of holding your tokens. So if your other wallet has been hacked, you just lost a smaller portion of token but not all. But its best if you haven't lost any tokens at all. You should purchase hardware wallet to ensure that there are no more hacking attack from your wallet.

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ifanxu
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May 21, 2018, 12:55:07 AM
 #113

I didn't distract my coins. I only have one wallet, but I think it's safe.If I try something new, I always create a new wallet to try.
Pasaway2701
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May 21, 2018, 01:06:24 AM
 #114

A great way to secure your coins or holdings is also getting multiple wallets but in order for you to have no problems then I'd suggest making multiple wallets and keeping each wallet very much safe, it is dangerous and still would be a loss if you even lost your other wallet which also contains your holdings, be sure to protect every wallet at all cost, lastly I also recommend you trying out hardware wallets its also great.
Securing the wallets are the possible way to avoid losing it. Providing multiple wallet are good but make sure that you keep the keys on you and do not forget where you place them all and save a copy your different device to easily find. Multiple wallet can help to minimize your investment for not to be hot on the eye of the hacker. Putting huge amount in only one wallet is risky.

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Tetep Mesem
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May 21, 2018, 01:10:47 AM
 #115

Hi,

I lost some coins this year (my own fault in Phising)
But if you send your coins to multiple wallets you can split your investments better.

When your wallet is hacked you only lose this wallet.
This is my lesson for the next time  Smiley (and some other securities)

What do you do to secure your coins / tokens?


Since you've lost money to phishing I hope that you also learned to not use anymore 3rd party web services to hold your money.
I do split into multiple wallets, I also have more than one altcoin so if one goes bad I don't lose everything. I also keep offline all the wallets I don't need (I don't have to spend from them).
I really like to hold the coins I have. because I am sure every coin that is held will experience a considerable improvement in the future. so to anticipate this I hold the coins I have on my wallet that I have had for a long time. I hold it in the long run. as this has the potential to increase the price of the coins I have.

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kiw_91
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May 21, 2018, 01:11:40 AM
 #116

One way to secure your private bitcoin addresses is to use a crypto wallet. Whether it be online wallets, desktop wallets, mobile wallets, or hardware wallets, they will all be much more secure than storing coins on your popular exchange website. With my crypto I use two different wallets to store my coins, Exodus and the Ledger Wallet.
ichi ocha
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May 21, 2018, 02:40:25 AM
 #117

Holding coin in multiple wallet is the best decision I think because of this coins remains secure in you lost of forget then another you can use and this system is for safety concern and this safety can helps in future because we can save form large amount of loss.

yes maybe the best way to hold our coins and protect the altcoin we have because now that I know many people who want to go into altcoin we take all the money in it and I think this is a good way to hold our coins
traderethereum
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May 21, 2018, 11:47:53 AM
 #118

Storing tokens or coins on multi-wallets is not safer, it's just my opinion as a normal user, I think the only thing they can bring you is the ease of use and that's it. I think that the most important thing is all the same security and everything else is additional factors

but at least, we don't save it in just one wallet and with diversify the tokens or coins in many wallets, we can reduce to losing all of our coins if one of our wallets is getting hacked by other people. this will help us too if somehow we forget with the password and we still have the other tokens or coin in another wallet. but we need to choose the right wallet that will give a good security for us so we don't have to be a worry about getting hacked.

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noneedmoney
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May 21, 2018, 11:56:06 AM
 #119

Hi,

I lost some coins this year (my own fault in Phising)
But if you send your coins to multiple wallets you can split your investments better.

When your wallet is hacked you only lose this wallet.
This is my lesson for the next time  Smiley (and some other securities)

What do you do to secure your coins / tokens?

I have 2 wallets. 1 main wallet and 1 to work in bounty campaign. So once I get the token from the campaign, I'll send my token to the main wallet. After that I will not open my main wallet if there is no interest. Maybe my way should be your example to avoid phishing.
thanhmmo19
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May 21, 2018, 12:37:42 PM
 #120

To secure your wallet, it's best to use special extensions in the browser that will block out all suspicious sites to avoid hackers attempting to pick up your assets.
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