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Author Topic: Hold your coins in multiple wallets  (Read 4802 times)
Gotomoon
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May 29, 2018, 11:56:12 PM
 #161

What I have learn from holding coins in the wallet was never to put for long term your coins in the exchange. I experience the account i am using in the exchange was got hacked. I lost huge amount of btc before so I keep safe of my coins in a nano ledger wallet.
upbit
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June 04, 2018, 08:28:48 AM
 #162

A very good and productive wallet, I used it once, but I liked it. I think it's worth continuing to use it and investing through it.
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June 04, 2018, 08:31:35 AM
 #163

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 tend to use 2 wallets. One wallet is for transaction only (few balance) and another one is for my savings which is a hardware wallet. So far, I'm not affraid of gettting hacked since there is no way to hack my holdings unless someone steal my hardware wallet from me which is also impossibe since no one knows that I have it.
zamani12
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June 04, 2018, 12:41:59 PM
 #164

its basically a safety measure. should in case your wallet is hacked you dont end up loosing all your coins.
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June 05, 2018, 12:09:59 PM
 #165

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 tend to use 2 wallets. One wallet is for transaction only (few balance) and another one is for my savings which is a hardware wallet. So far, I'm not affraid of gettting hacked since there is no way to hack my holdings unless someone steal my hardware wallet from me which is also impossibe since no one knows that I have it.

that is good for you so you don't have to worry about the hacker. I am doing this too but I am separate my funds in 4 wallets and I also have a hardware wallet to save my coins. but I want to have another hardware wallet to save only the altcoin and the tokens because I think it will be good for me if I can have one wallet to save my bitcoin only and the other hardware wallet to save the altcoin and the tokens.

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carlisle1
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June 05, 2018, 12:19:13 PM
 #166

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?

This is the best example of Learn From experience,since this is not a normal attitude of every coin holder,now you can help teaching other how to secure their funds by saving all in multiple wallets and storages

I am doing this for years now,segregating my coins in multiple and it helps me alot,and feels more secure even in hacking situations
Minor Miner
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June 05, 2018, 12:23:09 PM
 #167

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 use Ledger nano. Plus I'm pretty keen to cyber security. So I check my PC with KIS pretty often. Now I have a lot of USDT at 5 exchanges. So diversifying is always the key Wink

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June 05, 2018, 12:26:19 PM
 #168

In order to secure our portfolio, we have to divert our investment into different other wallets because now a days we are seeing many hacks from the people who are holding all coins in the single wallet. Diversification is always important to us because to protect our fund from the hacks.
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June 05, 2018, 12:26:57 PM
 #169

whenever you put your private key first verify the portal then do it or i strongly recommend only one solution that is to buy trezor wallet it is best method and secure from all types of attacks and keep all your altcoins in it.
Em00n01
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June 05, 2018, 12:31:20 PM
 #170

I already bookmarked MyEtherWallet and I always use the bookmarked link. I never clicked on any link sent to my email. This helps me to stay away from phishing site.  Moreover, i use 3-4 wallets for storing my token.
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June 05, 2018, 11:33:58 PM
 #171

Hard wallets like ledger nano is a safe enough wallet. Also you do not need to have a dozen of different other wallets. I think that if you have enough money in cryptocurrency you should by hard wallet. If you have real wealth then you have to make split your keys, or try multisignatures.



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kier010
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June 05, 2018, 11:48:21 PM
 #172

i never lost a single coin. i used mew and i link it to metamask to login never got a problem. there was a time when i don't use metamask yet that i click a link and my malwarebytes block it. better install antivirus or anything that can block untrusted or suspicious sites. also bookmark mew and open only in it.
UnlimitedMoneymaker
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June 06, 2018, 12:01:45 AM
 #173

i never lost a single coin. i used mew and i link it to metamask to login never got a problem. there was a time when i don't use metamask yet that i click a link and my malwarebytes block it. better install antivirus or anything that can block untrusted or suspicious sites. also bookmark mew and open only in it.

I think that multicurrency wallets are very convenient. I am so mad at one thing and I do not feel any inconvenience at all.

But even metamask had some trouble with malwares. Be careful and don't open strange emails.

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upbit
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June 26, 2018, 06:36:57 AM
 #174

A very good and productive wallet, I used it once, but I liked it. I think it's worth continuing to use it and investing through it.
moonblocks
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June 26, 2018, 06:44:39 AM
 #175

Storing your assets across multiple wallets is a smart method because you have less chance of losing all of them if you get hacked/phished

Better still securing them with a hardware wallet is the best way to store them as it's the most secure

crypt0junkie28
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July 02, 2018, 01:27:51 PM
 #176

Great idea! Thanks for sharing. Chozun sale is up and coming and will definitely take your word for it.
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July 02, 2018, 01:30:29 PM
 #177

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 doesn't make much of a difference. If you are careless with your passwords and private keys, then there is a very high risk of someone stealing your coins. Take the necessary precautions and no one will steal your coins, irrespective of whether you are keeping them in one wallet or multiple wallets.

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July 02, 2018, 01:38:57 PM
 #178

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 got this idea of multiple wallets a long time ago because of my hack experience I had with the bad guys,from that day I started creating one wallet for each bounty project . The security idea had helped me so much to reduce the risk of loss of my bounty tokens. The only disadvantage is the loss of gas from each wallet when I am making transfers.

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July 02, 2018, 01:48:27 PM
 #179

In my case I'm using one wallet in every token and I never been scam of those wallet. I won't recognize that you better do of what I'm doing to my tokens but it's up to you if you are comfortable of my strategy.
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July 02, 2018, 02:37:40 PM
 #180

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.
Yes, you're right, keep the coin in several purses it's really safe and right. If one wallet is broken, then your other coins will be safe.

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