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Author Topic: Hold your coins in multiple wallets  (Read 4802 times)
googs84
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May 20, 2018, 09:33:48 AM
 #41

Off course, after the recent hack that has shook the MEW basic principle of anti-phishing got compromised. However that hack was different from the phishing attempt itself and might add to site complication. But as far as I know private keys and keystore files cant be hacked easily as long as we are making ourselves careless. SO storing it with multiple wallets is still good as we minimise the risks and thus will have some security of different tokens.  Grin

I mean if we have everything in single wallet and if it gets compromised then dam, its like ripping soul out of our mind.  Tongue

 
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May 20, 2018, 09:44:01 AM
 #42

Actually investment decision is related to risk. Holding a coin in some wallets is the best decision I think if one of your wallets is hacked or lost your private key. but I suggest if you have more money, then trezor or ledger nano S should be the best decision.
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May 20, 2018, 09:58:47 AM
 #43

Yes Thank you for your advice and I agree with you on this. It will be wise to divide the investment into multiplr wallet. But apart from that I will suggest all to avoid all sort of third party web services. This might appear harmful for you and you may lose much.
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May 20, 2018, 09:59:11 AM
 #44

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?


First of all i dont log in in my wallet if it not nessecarly. i monitor it without the need to do so.
I am very carefull when loging in and also I split my coins between few wallets as well.
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May 20, 2018, 10:01:51 AM
 #45

I don't have a lot of coins to keep on different wallets, but in the future, I think to go to the physical wallet. Now I store passwords on from purses to electronic media, but I think to rewrite them in a notebook, and a couple of best.

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May 20, 2018, 10:04:14 AM
 #46

You can keep in one wallet but make it maximum protection.I have 2 wallets.In one of them I keep long-term coins
rommelo24
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May 20, 2018, 10:13:46 AM
 #47

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?


Agree i learned my lesson on this also. When my wallet was hacked i lost everything in it. So i decided to learn and do the research on how to overcome it. My coins now are into multiple wallets and i had my private keys store into an offline system. Of course you must not share your private keys to anyone unless it is a member to your family and let them know how important it is.
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May 20, 2018, 10:15:32 AM
 #48

if you create too many purses, the risk that you will lose something, too, you need a golden mean
Badboy[BTC]
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May 20, 2018, 10:27:07 AM
 #49

If you do not have a hardware wallet, it is best to keep coins on several wallets, so less likely that you will be hacked and taken away all the money, but it is better to use a hardware wallet
PatStyle88
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May 20, 2018, 12:20:37 PM
 #50

Hi.
It is really better to have several wallets in order not to lose so much at hacking, for example. Another variant is hardwallets
just_Alice
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May 20, 2018, 12:31:35 PM
 #51

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?

Yes, I like this method, regarding not only cryptocurrency storing, but everything. I personally use Blockchain wallet for small amounts of BTC and hardware Electrum to store the rest. And also a couple of other wallets to store altcoins. It's not only more secure, but also sometimes you even forget about some of them and then check and it turns out that those coins increased in price and you've even made a good profit.
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May 20, 2018, 12:32:59 PM
 #52

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 am using MyEtherWallet to store my coins. When it comes to security I just follows simply rules not to get hacked, like, not telling my password or security key. Also I store my privacy information on, at least, two pc, if one get crashed.
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May 20, 2018, 12:43:50 PM
 #53

I'm sorry for your loss but as long as you have learned the lesson, you won't do the same mistake in the future.

To secure my coins/tokens I'm storing it simply on my hardware wallet (Nano Ledger S) that's the best way to secure my coins and feel safe.



 

 

 

 

 

 


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May 20, 2018, 12:51:32 PM
 #54

if you create too many purses, the risk that you will lose something, too, you need a golden mean

I have already faced such a problem, just could not remember where the password is stored from the wallet, as the passwords are stored in different places
whirlcoin
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May 20, 2018, 12:52:54 PM
 #55

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?

We don't need multiple walletd, we need the best wallet for storing our crypto currencies.The hardware wallets are the most secured wallets where we can store our funds safely untill we keep our private keys safely.But we also can select best wallets for each coin and MEW for the tokens if someone can't afford to buy hardware wallets.
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May 20, 2018, 12:55:40 PM
 #56

I have already faced such a problem, just could not remember where the password is stored from the wallet, as the passwords are stored in different places

Keep a notebook of all your different wallets. Hmm perhaps have a usb record of all the usbs that are holding wallet information, its like USBception

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May 20, 2018, 12:57:06 PM
 #57

Good advise. For safe you should use cold wallet like ledger nano,trezor to keep your altcoin safer. There are also desktop wallets, which are stored on your computer and still are technically offline even though there still could be some chance of encountering a malware that can compromise it. Another thing is that if you lose or somehow brick your machine, your coins are lost forever.
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May 20, 2018, 01:15:34 PM
 #58

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?


Yah i agree with you and we really do that and everyone should. In terms of getting phish . You need to know how someone can phish your information.

Via email: so never ever login to your account using links from email.

Via social media: like email, never ever login to your account using links from any social media.

Via airdrop: People sometimes puts their private key on airdrop forms. To prevent that, separate your private keys from wallet address for copying and pasting for filling up airdrop forms.

plr
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May 20, 2018, 01:33:07 PM
 #59

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?


It's highly recommended that put your coins in many wallets, hacking is very rampant today, even exchange is hacked, so better get a desktop wallet, hardware wallet, and online wallet, but put the majority of your coin in a hardware wallet, its much safer than an online wallet.
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May 20, 2018, 01:33:17 PM
 #60

hopefully the future does not happen like that again, security is the main thing. suggestions to divide coins or tokens into other wallets so that it is better not to be stored in a publicly made wallet

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