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Author Topic: Hold your coins in multiple wallets  (Read 4802 times)
Boxxl (OP)
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May 17, 2018, 11:37:14 AM
 #1

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?

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May 17, 2018, 11:44:11 AM
 #2

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).

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May 19, 2018, 02:53:32 AM
 #3

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.
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May 19, 2018, 02:55:03 AM
 #4

You should keep your tokens in different wallets, which will minimize the loss of each time.
This is a good habit, and you can also buy a hardware wallet, which is more guaranteed.

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May 19, 2018, 02:26:57 PM
 #5

I think it is better to keep the offline pass key to assure the security of your account. Even you should stop using any unauthorized sites and contents that would be risky.
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May 19, 2018, 02:27:24 PM
 #6

Actually investment decision is related to risk. It needs experiences as well as the knowledge’s. Any mistake or wrong decision can lead to loss. But I think, you do not have bitcoin wallet. If you had bitcoin then you would not lose that. Moreover, there could have some fault in your investment decision. So rather investing in the different new coins,  keep investing in the bitcoin. It will have a bright future.
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May 19, 2018, 02:49:58 PM
 #7

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?


Wise advice. Spreading your portfolio on various wallets is a smart way to minimize the risk of it getting lost all at once. To make it safer, you can safe them using hardware wallets (ledger,trezor,etc) which could make your fund line of defense impenetrable to various stealing attempt. Hardware wallet or paper wallet is the safest crypto line of defense currently available.
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May 19, 2018, 02:51:14 PM
 #8

I agree. It's better if you hold your coins in multiple wallets because if anything happens to one wallet it does not hampers ther others. Besides, donot involve any third party here as it might not be that secured for you and you may lose your money. Huh
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May 19, 2018, 02:52:38 PM
 #9

I agree dude, that you use ledger, mobile wallet, or storing on few exchanges does not matter at all, you should never put all eggs in one basket even it would be ledger. Losing all of the coins is worse than losing some of them.

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May 19, 2018, 02:54:03 PM
 #10

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?


The real lesson here is to keep yourself away from this phishing site. A lot of scammers are now innovating a new way to scam people so if you don’t know about it better not to participate. You can hold your coin in one wallet but make sure that is fully secured.

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May 19, 2018, 03:02:45 PM
 #11

I also often lose my token in the last year about 50 btc cause my laptop is less secure so malware is easy to enter,

I remind you not to download haphazardly or clicking on email is in spam
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May 19, 2018, 03:08:35 PM
 #12

saving coins in different places is a great way to lose a lot of coins when it comes to pishing and I will do that when I already have a lot of coins because for now ii I still don't have any coins in my wallet
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May 19, 2018, 03:09:57 PM
 #13

That is perfect lesson and its good to see you sharing that with us. Actually ERC20 supported wallets are really vulnerable to the phishing attempts and many people do fall for it as hackers will put forth look-alike website infant of you via fake mail, public IP address etc and the moment you enter your details into that page, boom your vanished form the earth.  Tongue

I liked your idea that holding them into different wallet always minimise the risk. Or else we can always take care of our private keys, identify the phishing attempt etc.
Freezingel
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May 19, 2018, 03:10:54 PM
 #14

I don't see the point of storing your coins or in this case you mean tokens in multiple wallet. If you really care for some security then you should spend some money and buy a ledger instead as it is quite cheap (less than $100) and it saves you the trouble of controlling multiple wallet and improve the security of your crypto assets.

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May 19, 2018, 03:17:54 PM
 #15

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?

Why you don't use a secure wallet? I think it's better because you will not charge too much fee to transfer coin between your wallet or when you need deposit it to exchange.

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May 19, 2018, 03:19:34 PM
 #16

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?


Well
Simply use imtoken or meta mask

If you are a myetherwallet user; link your private key to ImToken and control every operation on ImToken
So as to avoid all phishing attempts


It’s much more safer that way
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May 19, 2018, 03:21:21 PM
 #17

In my experience, im using only one wallet and ever since never hacked and lose any coin that i have.
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May 19, 2018, 04:03:11 PM
 #18

My piece of advice, never use any kind of web services or online wallet to hold your coins. Nor save coins in exchange for these are not safe. Anytime these can go down and you stand a chance to lose all your investment. The best and the only safe option is to save your coins to a local wallet on your computer with a strong password.

Do not trust any web service with multiple wallet, exchange or shared wallet service for online staking.

Have a nice day.
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May 19, 2018, 04:19:50 PM
 #19

Why not?
At a minimum, we can use online wallets for temporary storage. With the proper level of caution, we can store all assets in online purses for long time. A few wallets are a good way that I use. Also I try to enter as rarely as possible in any of my wallets.

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May 19, 2018, 04:25:53 PM
 #20

It's your lesson so you can keep your coins or tokens safely, I suggest you choose a strong security system wallet and have 2F Security code, like indodax and kucoin.
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