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Author Topic: Hold your coins in multiple wallets  (Read 4802 times)
bryant.coleman
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May 20, 2018, 03:10:49 PM
 #81

There is only one solution to prevent hacking of wallets and the stealing of coins. That is to enable 2FA and other safety precautions. Keeping coins in multiple wallets is not the solution. IMO, it only increases the probability of some coins getting stolen.
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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, which will follow the rules of the network no matter what miners do. Even if every miner decided to create 1000 bitcoins per block, full nodes would stick to the rules and reject those blocks.
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Sarcasm
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May 20, 2018, 03:11:36 PM
 #82

I put my token in a wallet because I didn't have much money and my private key was frozen by me, so I didn't worry about my wallet being stolen, but if I could earn For more money, maybe I will save it in several wallets.
Most importantly make sure to keep a log of all the keys, so you are always better to hold some wallets. Sometimes this can not be avoided if you hold various types of coins, which is a good thing.
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May 20, 2018, 03:18:03 PM
 #83

I think it is a very good advice considering the fact that a whole lot hacking issues have been reported lately. However, one must be careful about those wallets one want to use. Who knows whether those wallets may be susceptible to these frequent attacks? I believe one can hold his investments in a single wallet and nothing will happen. Better still, its advisable to get an hardware wallet.
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May 20, 2018, 03:18:23 PM
 #84

There is only one solution to prevent hacking of wallets and the stealing of coins. That is to enable 2FA and other safety precautions. Keeping coins in multiple wallets is not the solution. IMO, it only increases the probability of some coins getting stolen.

After long time we are seeing Bryant here,
If you are seeing the bitcoin wallet with the private key accessed then you can able to check the wallet securely. 2FA and private key secured access is really works well if you want to make your wallet with much security.
Then I do not know why many people hating the online wallet since nearly 3 years I having wallet on Coinbase and Blockchain wallet.
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May 20, 2018, 03:20:30 PM
 #85

I would suggest holding coins in the highest possible form of security, but only for the coins you truly intend to keep or hold. If they are shitcoins and each needs its own qt wallet to download blockchain and sync, and you only have a few dollars of it worth, just save yourself the trouble and keep it on an exchange. I hate to trust exchanges as much as anyone else, but if it is for the convenience of keeping 10 coins all worth less than $100 each, the risk is worth the convenience.

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Flexystar
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May 20, 2018, 03:23:44 PM
 #86

I agree partially with the OP's statement.

I mean we could go wrong if something happens to single wallet and might just compromise all the tokens, true. But have you considered consequences of getting number of wallets will generate number of private kets, phrases, keystone file and it will become even more difficult to store all the security related stuff?

I mean you will surely put it somewhere together and still can lead to key theft! Isn't thats something a risky one as well.
noelanora99
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May 20, 2018, 03:28:48 PM
 #87

Well it's really problematic issue, online wallet security isn't absolute and the possibility of getting hack is still there. Maybe making multiple wallet will reduce the risk but as long as its still on the net getting hack is still possible. I think there is more secure way to prevent your wallet getting ransuck, I just don't know what or how it is.
spritJ
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May 20, 2018, 03:31:21 PM
 #88

Yes, this is a good idea, but at the moment my money is not much, so I chose to put it in a wallet, and I refrigerated my private key. I believe no one will be able to steal my wallet. .
LordShanken
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May 20, 2018, 03:33:22 PM
 #89

That is true but if you pick one good wallet for most of your coins and you make everything correct including protection you won't lose your coins in my opinion.
nelmari
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May 20, 2018, 03:33:50 PM
 #90

I agree with what the OP had suggested because that's what I did with my investments. I distributed them to different wallets so in case one is hacked, there is still a chance for me to earn the amount on the other wallets I have. It had worked on my end although it is kind of confusing sometimes when I can't tell which wallet I had placed this certain investment.
tysavbde
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May 20, 2018, 03:34:05 PM
 #91

I think the way to store more than one wallet is not the best way to deal with security, and it's the safest to use the offline hardware purse as much as you can. When using PC, you should have good safety habits and do not click on suspicious links.
ForTheAzerot
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May 20, 2018, 03:44:15 PM
 #92

I keep my wallets on a flash drive, and when I go to my wallet, I always look, that will not throw me to another link,and I check my computer for viruses

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May 20, 2018, 03:51:07 PM
 #93

Great advice indeed ! You can not be too carefull Smiley


Mehdi
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May 20, 2018, 03:58:05 PM
 #94

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
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May 20, 2018, 04:19:43 PM
 #95

You made a good point not keeping ones whole portfolio in one wallet is a good advice, but the most important thing is to always put security first, precautions is very important, not to click any links without typing it oneself and also the way we keep our private keys, if we are careless with our private keys then it is there for taken


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cryptohopes
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May 20, 2018, 04:32:44 PM
 #96

Never late than before. You learned from your mistakes. It is the best way to hold the coins in various wallets and never disclose your keyword with anywhere.
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May 20, 2018, 04:36:20 PM
 #97

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?

In my own personal opinion, i think storing all of your coins in a multiple accounts is great, but i think it is still better if you store all of it in a hardware wallet because if you store all of your coins in a hardware wallet no one could hacked it easily. The only thing that you need to always remember is not to misplace your hardware wallet because if you lost it, all of it will be lost too.

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May 20, 2018, 05:22:02 PM
 #98

most importantly don't be so carelessly open web that is not convincing. In addition, if you have a lot of wallets and divide what we have into the wallet is also not a problem because sure assets will be safe because not all of them hit by phishing scams. but of course, it takes precision also in this regard.

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May 20, 2018, 06:34:22 PM
 #99

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.
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May 20, 2018, 06:35:44 PM
 #100

and what are the most reliable purses are considered? In principle, you can also use the exchange as a conservation coin

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