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Author Topic: Hold your coins in multiple wallets  (Read 4802 times)
clairdelune
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May 23, 2018, 02:33:04 PM
 #141

For me I used only one wallet because it is so confusing to use many wallet thst is why I only used one wallet. It is good thst you used different so if one is hacked you can save some of your coins but it is too confusing to used different wallet. Better used one wallet and do not give your pass key to anyone so it will not be hacked by someone. If it is hacked it is hard to recover because the transaction information is secret. That is why you have to be carefull with your wallet and always double checked your website because there are too many phishing site.
papagapa
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May 25, 2018, 09:25:18 AM
 #142

The best is hardware wallet, so if you have a lot of coins on your wallet, then it's best to buy Ledger. This is the most reliable way to protect everything.
ervanikan
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May 25, 2018, 09:31:03 AM
 #143

I use some wallets to store my tokens, because in terms of security our wallets are very vulnerable to hackers or phishing,
the same as the one you mentioned above I split the token store on my wallet and also use metamask to make it more secure
samcrypto
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May 25, 2018, 09:33:04 AM
 #144

I do not have a very large sum in crypto-currency, but I do not want to lose money. I use MyEtherWallet and Blockchain.info information. I believe that the safest is a hardware wallet.

Same thing with me, currently don't have any token but I have my MyEtherWallet and I think its safe as long as you are protecting all the important details about your wallet. Put your coin in many wallet but make sure that you know all the information of your wallets so you will not regret it when you already have many tokens.

matjas
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May 25, 2018, 09:42:03 AM
 #145

At the moment I think ledger is the safest wallet to store your crypto money. Multiple wallets is good, but it's quite tiring, especially if you have more coins and you don't know what you have where.

Bitze
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May 25, 2018, 12:08:44 PM
 #146

i also have several wallets and work only very carefully with them. and backup etc. is obligatory in any case  Wink
KalaiBTC
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May 26, 2018, 07:10:34 AM
 #147

Managing the coins and wallets are part of the strategy and management when involved in crypto. COins and wallet will relate to the security, easiness, and effectivity in managing them. I commonly will split my altcoins into some wallets. Besides easing in management, it will be more secure when something happens to a wallet.
It is all and all the choice of the person who has invested his money into any of the crypto coin like the way he is managing and planning the things. You can use multiple wallets to keep your crypto coins and that there is no such harm in it but you need to look for such kind of wallet which is this much secure that you can trust on that wallet completely and that you don’t need any other wallet.
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May 28, 2018, 06:54:03 AM
 #148

Holding your coins in several wallets is definatelly more secure, than holding all in one. So if you will be hacked

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Just John
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May 29, 2018, 10:18:39 PM
 #149

True. It is better to have all of your coins in different wallets than to put them in a single place. That way if one of your wallets get compromised then you know that you are not losing all of your coins, just a rather small percentage of it and you have the rest of it in other wallets.

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May 29, 2018, 10:27:07 PM
 #150

I have some wallets and keep my best coins in my leger wallet. I've also lost using a software wallet so I decided to buy a hardware wallet to protect my assets.

heshamyasin1
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May 29, 2018, 10:28:01 PM
 #151

yes i can do this
Rexler
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May 29, 2018, 10:33:38 PM
 #152

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.

You're getting it wrong. Storing your funds on exchanges is actually wrong. Exchange are there so we can buy and sell not to store. I've seen cases when these goes wrong on exchanges resulting to loss of funds. Your best bet would be storing your coins in your personal wallet and storing the private key details offline and only use it when necessary and applying caution if need be.

Firbolko
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May 29, 2018, 10:35:46 PM
 #153

if I have a large amount of money on my wallet, I will follow your advice and divide it into several wallets.
CrimsonGT
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May 29, 2018, 10:38:45 PM
 #154

Storing money in multiply wallets is a good risk mitigating strategy, as you can always be ripped. But at the other time you always risk to forget some password, you need to be sure you can do manage all your wallets.
samycoin
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May 29, 2018, 10:39:57 PM
 #155

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?

Better to you a off line wallet or hard wallet because it's more secured and safe. If you multiple wallet there's possibility that the coins gone too. So I suggest try a hard wallet because you know your coins is secured from phishing.

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CopMom
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May 29, 2018, 10:41:49 PM
 #156

IMO, to prevent hackers from occupying the cryptos, you need to store the coins in the hardware wallets instead of the store in different exchange floors. This is very dangerous because the rate of loss of cryptos is very high. Store floors on exchange floors are only necessary when you trade on exchange floors daily. After the transaction, it is mandatory to switch coins to hardware wallets to ensure maximum safety!

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GoodHounter
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May 29, 2018, 10:45:37 PM
 #157

Yes, I have a few wallets and I'm less worried that they can be hacked.
mulukey
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May 29, 2018, 10:51:04 PM
 #158

if I have a large amount of money on my wallet, I will follow your advice and divide it into several wallets.
The division of property in many wallets is quite good but I think that applies only to the coin of great value. If you do not want to trade regularly then you can use hard wallets to protect your property, which is the safest way nowadays.
sekop
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May 29, 2018, 10:52:36 PM
 #159

Yes, your advice is one good alternative to protect your coins. To secure my coins in the wallet, I store my wallet data in hardware, I store it in a storage device that is not connected to the internet connection. In my opinion, that way is enough to help me to secure from the hackers who can get into my PC when I'm opening my wallet data and connected to the internet.
Badhuamin
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May 29, 2018, 11:52:07 PM
 #160

for myself usually aside from holding the coin in the wallet I also keep it in the market because it is definitely safe if we hold in the market.
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