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Author Topic: Hold your coins in multiple wallets  (Read 4802 times)
angrybirdy
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September 03, 2018, 05:27:35 PM
 #541

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?

using multiple wallets is not the solution to avoid hacking, since you just said that you were a victim of phising, which is actually your own fault, you must be careful next time, or use a different wallet like hardware wallet.



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Rainbot
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balamuda
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September 03, 2018, 05:28:13 PM
 #542

You are right, storing coins in one wallet will risk losing if we are careless, but dividing in some wallets will be much better to protect the assets we have, of course we must be careful.
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September 03, 2018, 05:36:56 PM
 #543

I just wind every time a new wallet, when I participate in the company's new bounty. And when I do not collect assets in one purse.
forestgunman
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September 03, 2018, 05:38:25 PM
 #544

I wont put my coins into multiple wallets, because this will only increase the chance of losing the coins if their passwords are not stored properly.
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September 03, 2018, 05:43:32 PM
 #545

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?


wallets build on blockchain and i don't think so that blockchain can be hacked. maybe you have been tricked by a phishing site.. splitting your coins in different wallets can be dangerous too you may lose your keys  if you have multiple wallets

anatolykarpov
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September 03, 2018, 05:51:29 PM
 #546

Go for hardware wallets. Much safer than using online wallets and exposing your private key to websites!

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September 03, 2018, 05:56:37 PM
 #547

I don`t trust multiwallets either way. It may be easy to use, but unsecure. Cold wallets, used by altcoin developers are the best choice.
crystalworld
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September 03, 2018, 06:08:23 PM
 #548

It's not easy protecting your coin, most times its been hacked by people close to us and we won't know. Use every good and possible security measures you have to protect your wallet.
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September 03, 2018, 06:12:26 PM
 #549

this method is not the definitive solution. you should be careful when entering other sites with the device you are using to connect your accounts. Do not click links that you do not know.
Tigerw
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September 03, 2018, 06:19:39 PM
 #550

this method is not the definitive solution. you should be careful when entering other sites with the device you are using to connect your accounts. Do not click links that you do not know.
Coins can be stored even on one purse, but the safety of your funds depends only on your care and caution. At least you need to use another device to work with your coins, with which you do not visit other sites.
FosterEgan
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September 03, 2018, 06:20:16 PM
 #551

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 think these wallets have a best community who support it and most people say these wallets have a reliable for the long term and the save the coins/tokens of the scams without harmless and the any risk.

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September 03, 2018, 07:53:35 PM
 #552

If you only hold a few token then it can be done but if you have a lot of token then it will become a chore to do. It's better to just invest a little money in hardware wallet, you can get best security with hardware wallet and you don't have to worry anymore. It don't matter if you have a lot of wallet but you are not careful because you can still lose the token.
adekogbe
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September 03, 2018, 08:04:42 PM
 #553

Keeping your crypto assets in multiple wallets is a practice that should be taken into action more by people because I hear a lot of people talking about getting hacked or loosing their private keys.
This happens a lot and should not be allowed to happen so often. Which means you should always have a back up.

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lorapalmer
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September 03, 2018, 08:09:33 PM
 #554

That is why I am using only hardware wallets. Other wallets do not give me the safety feeling of my coins. There is so much fishing and each time it is something new. It us very hard to keep pace with those technical gurus that are constantly coming up with some new ways on how to cheat you and get your money from the wallet.

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September 03, 2018, 09:13:27 PM
 #555

we have an bigger team , and always controll our transaction throuh more eyes , so phisshing is not so impoirtant for us.
but i will never hold my coins in trading accounts.

they will be only in my ehter wallet




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?


atorle
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September 03, 2018, 09:16:17 PM
 #556

One should have more than one wallet for cryptocurrencies, ideally one should be dedicated to daily transactions and another (preferably hardware wallet) for storage of your  assets long term
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September 03, 2018, 09:18:34 PM
 #557

One should have more than one wallet for cryptocurrencies, ideally one should be dedicated to daily transactions and another (preferably hardware wallet) for storage of your  assets long term
It is unambiguously necessary to store all the coins on a separate purse. But not necessarily it has to be the hardware purse.

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September 03, 2018, 09:20:25 PM
 #558

I personally recommend Edge wallet on android, as it creates multiple wallets automatically for you in order to reduce risks, it was worked for me.
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September 03, 2018, 09:36:20 PM
 #559

Yes, its a good practice to hold your coins in multiple wallets so as to not lose all your crypto holdings if your wallet is hacked. This greatly reduces the risk even if your 1 wallet is hacked, you still have your other wallets. hackers are becoming more and more advanced these days and against them we need to take every possible measure.
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September 03, 2018, 09:39:05 PM
 #560

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 this right way to prevent our tokens to be stolen , at least if it is happen not all token will be lost , for me as bounty hunter I will prefer to use one wallet in every campaign and store it separately then I will use it again after trading when it is already empty, and I prefer to use MEW .

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