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Author Topic: Hold your coins in multiple wallets  (Read 4804 times)
justsimpleram
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October 05, 2018, 12:36:19 AM
 #661

Yes because many hackers are getting coins/tokens  in our wallet specially if we just put them in one wallet. Now I'm doing two wallet one for my transaction or trading and the second wallet is for my holdings and banking my coins/tokens. It's better to be safe right now because soon bull run will come.
stock999
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October 05, 2018, 01:00:22 AM
 #662

I prefer to use paper wallets always when it is possible. Means only a pair: address+private key, and  private key is stored outside of my computer.
I don't load&install any wallet software until it is really need. And i prefer to use open source wallets, no manged by 3rd parties
If i need to keep some coins on an exchange, i set 2FA as mandatory.
 
It doesn't guarantee 100%, but reduce a chance of scam

What should i place here? Any advice appreciated.
reality18
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October 05, 2018, 01:07:14 AM
 #663

It is smart and safe to hold coins on multiple wallets if only you can keep and remember the login details of all. This is done to ensure that your entire money is not lost in the event when your wallet undergoes attack.
andra73
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October 05, 2018, 01:08:05 AM
 #664

Yes, I also hacked and it taught me not to store everything on one wallet , you need to send other wallets to the exchange on the phones just not on one device or wallet!
will indeed be very risky if the keep all the assets we have crypto at a wallet. This technology is highly transparent, we can find out which wallet storing a lot of assets, and it could make hackers became interested with the wallet that we have. It would be nice if we could keep our assets in some personal wallet, it can maintain the security of the assets we have, but remember, it all depends how we mengamnkan our wallet, never a shortcoming.

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Itsmylife
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October 05, 2018, 01:32:32 AM
 #665

I only use the wallet in my account on the exchange site, where I have used 2FA to protect my account.
With me, that is the safest place because I use a public computer to access my wallet, and I am a forgetful person.
bittick
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October 05, 2018, 01:33:27 AM
 #666

Yes, I also hacked and it taught me not to store everything on one wallet , you need to send other wallets to the exchange on the phones just not on one device or wallet!
will indeed be very risky if the keep all the assets we have crypto at a wallet. This technology is highly transparent, we can find out which wallet storing a lot of assets, and it could make hackers became interested with the wallet that we have. It would be nice if we could keep our assets in some personal wallet, it can maintain the security of the assets we have, but remember, it all depends how we mengamnkan our wallet, never a shortcoming.
Hardware wallet like trezor has the ability to store the btc in various address while still using the same wallet so that sort out the problem you have stated.
I dont know about other wallet but I think storing in various address or splitting our funds is the best way to keep away from any hackers

Gryphet
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October 05, 2018, 01:35:33 AM
 #667

If you use a hardware wallet then I think you will not need to store on different wallets, because this is protected very well, and so if you store on mew then you definitely need to do it!

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bitkanu
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October 05, 2018, 01:37:10 AM
 #668

If you use a hardware wallet then I think you will not need to store on different wallets, because this is protected very well, and so if you store on mew then you definitely need to do it!
That's true, even without hardware wallet hacker have a hard time figuring out which person own the wallet if the owner never revealed their address. Hardware wallet is like making hacking near to impossible since you need to get in touch with the hardware wallet directly to get the code to send money.

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Altf4
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October 05, 2018, 01:53:49 AM
 #669

If that can help our coins be safe from those hackers then we will be applying this kind of techniques inorder to prevent our coins from being stolen by the hackers ,with this king of technique of storing coins in multiple wallets, then that is an appreciable move and advice to crypto holders.

marksayson
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October 05, 2018, 01:55:20 AM
 #670

When funds or assets got diversified, it is good. So as applicable in making your wallet. You should diversify also your wallet to avoid fraud or being phished. Make a separate wallet and it is good also to have a single hardware wallet.

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Oltort
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October 05, 2018, 02:01:44 AM
 #671

If you use a hardware wallet then I think you will not need to store on different wallets, because this is protected very well, and so if you store on mew then you definitely need to do it!
Hardware wallets could have files on there that you don't know exist, it's not that safe to have.
thenameisjay
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October 05, 2018, 02:23:49 AM
 #672

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?


You what they say, "Don't place all your eggs in one basket." Well, the philosophy applies to this kind of investment as well. Always be mindful of the fact that you may lose all of your investments in one go if you place it in one wallet. Diversity is key to a very healthy investment.

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October 05, 2018, 02:48:08 AM
 #673

I have never used a different wallet, I always place tokens from the results of all the bounty projects I have done on 1 wallet. maybe this is very risky. but until now the security of my wallet is still guaranteed

terencio
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October 06, 2018, 08:17:23 PM
 #674

I am keeping different wallet for a safer side, for long term i keep it on different wallet, then for short term separate also. We are aware of phishing and sometimes we are tired and click something that we are not aware of that could result a hack.

Mr.ZODIAC
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October 06, 2018, 08:36:51 PM
 #675

I am keeping different wallet for a safer side, for long term i keep it on different wallet, then for short term separate also. We are aware of phishing and sometimes we are tired and click something that we are not aware of that could result a hack.
The fact is that it is better to have a separate computer with separate access to the Internet, which will be responsible only for the financial side of your activity. In doing so, you should be serious about the actions that you do on the computer.
Nanagyasi
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October 06, 2018, 08:39:44 PM
 #676

I use metamask to save myself from having to enter my private key all the time. I use multiple wallets too and I don't leave my coins on exchanges.

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October 06, 2018, 10:14:40 PM
 #677

I used to hold most of the tokens in one wallet too, but after hacking I realized that it was necessary to divide the profit into several and now, as many, keep small amounts in different.
xDispeLme
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October 06, 2018, 10:20:54 PM
 #678

I use my wallet for each coin thus reducing the risk of losing all my coins if the wallet is hacked
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October 06, 2018, 10:38:39 PM
 #679

I agree, It isn't a good idea to store all the crypts in a wallet, but also to store private keys on the computer. Sometimes we are lazy about very easy solutions and this is very expensive to us.
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October 06, 2018, 11:00:38 PM
 #680

Yes, after I was hacked, I myself began to store in different wallets and I think everyone is obliged to do it , because of the fact that a lot of phishing!

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