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Author Topic: Hold your coins in multiple wallets  (Read 4748 times)
BTCmasterVM
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November 03, 2018, 11:39:20 PM
 #821

This is a good solution, to which I also reached after stealing money that was hold on one wallet, I also try not to download unnecessary applications.
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Don Pavilion
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November 04, 2018, 04:44:59 PM
 #822

To keep all the coins in one wallet is a certain risk. One wrong move and all the work, effort and all the time spent, just disappear. The only right decision is to keep coins in different wallets.

I think it's better not to store it in only one place. because if our funds are taken, then it is likely that everything will sometimes disappear. therefore we do not store in one place.
Quite true. But it is not always hackers breaking into wallets, which stores large amounts. I was hacked once and only stolen $460

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November 04, 2018, 06:56:22 PM
 #823

Well, we can say that the basic rule of investing is to store on different wallets in the crypto currency very often when hacking wallets , so I would still keep part of the money on the exchanges

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HongKong
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November 04, 2018, 07:05:03 PM
 #824

To keep all the coins in one wallet is a certain risk. One wrong move and all the work, effort and all the time spent, just disappear. The only right decision is to keep coins in different wallets.
It would be pretty ignorant to put more than 10+ coins into a wallet because anything could happen to it.

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November 04, 2018, 07:11:12 PM
 #825

I also recently lost my coins due to the breaking of Hola, so I decided to buy TREZOR, it’s a pity that I didn’t do it before...
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November 04, 2018, 07:13:06 PM
 #826

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?

hacking is an enemy to asset owners. now there are a lot of asset loss events caused by phishing. so I suggest to keep storing in hardware wallets like nano ledger or trezzor that will protect our assets from phishing and hacking.

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November 04, 2018, 07:20:28 PM
 #827

I lost expensive coins and ETH for few thousands dollars, because of plugin HOLA, after I bought ledger it more safe
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November 04, 2018, 07:34:08 PM
 #828

Yes that is true. Investors should use different wallets while holding.I am using imtoken. You know imtoken have some password feature also. I feel safe while using imtoken. I hope they will continue like that but multiple wallets always better than one. We need to divide risk.

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November 04, 2018, 07:54:17 PM
 #829

That's a very good advise..  Phishing can make you loose all you've worked for and invested its good to scatter all your fund. And one site is going around now that look like myetherwallet.com just be careful.

rahul7timt
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November 04, 2018, 07:59:27 PM
 #830

This is temporary solution as you will loose your funds whether is complete or some funds. Also it is not easy to maintain all your wallets. Better is to use hardware wallet and you are risk free and not worried about your funds.
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November 04, 2018, 08:02:51 PM
 #831

This is a very good advise because if you keep your coins like this you can lose in some and win in others

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November 04, 2018, 08:22:21 PM
 #832

No, I keep everything in one wallet and I hope that I do it right and I am not in danger, several wallets are not very convenient and also have the opportunity to lose everything
Michail.
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November 04, 2018, 08:44:35 PM
 #833

I keep the coins in several wallets, for protection I use the metamask application,  everything suits me. If the profits increase, I will get a hardware wallet, I think it will be more reliable.

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November 04, 2018, 08:59:30 PM
 #834

Yeah my coins are very spread out among multiple wallets and exchanges. I've had one wallet compromised for about $300... but I was using a private key to log in so somehow it got stolen.

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November 04, 2018, 09:14:03 PM
 #835

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 actually a nice input that I think its reasonable enough to be considered. However, above this, it's important to watch carefully our involvement of wallets in any airdrops, project or activities that can open the door widely to phishing, hacking ..etc.

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faceoff97
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November 05, 2018, 12:27:38 PM
 #836

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?


Check HODLER wallet. It is an open source multi wallet that can hold coins such as BTC, BCH, LTC, DASH and ERC20 token. Since it is an open source wallet, yiu have the full control over your fund, you don't need any third trusted party which lessen tge vulnerability of your fund. It also has HODLER Secure  backup that keep your private key safe from any harmful malware trying to steal what you store. Most wallet and exchanges are not having an open source technology, they still reky on third party which do not assure you security. Dont jUST try, verify. You can see more of its feature here: https://hodler.tech/?lang=en
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November 05, 2018, 12:29:40 PM
 #837

It is also actually a good step to be able to divide our assets into several wallets from existing hackers. because now there are many cases of people stealing their assets. Of course, we must avoid it by doing a lot of solutions such as dividing into several wallets
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November 05, 2018, 12:31:06 PM
 #838

Quote
What do you do to secure your coins / tokens?

I use different wallets on bounties and other transaction in cryptocurrency.

Like in ERC-20 wallet i do have many wallets for that.

wallets for:

AIRDROP
BOUNTY
ICO
ETHEREUM
LONG TERM HOLDING

It is better to place your tokens on different wallet.
And make sure that you will never share you private keys to anyone.
Also make sure that you hide them properly in different folders!
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November 05, 2018, 12:35:01 PM
 #839

It is also actually a good step to be able to divide our assets into several wallets from existing hackers. because now there are many cases of people stealing their assets. Of course, we must avoid it by doing a lot of solutions such as dividing into several wallets
To be honest, I just realized this, I never thought about it. what I do is always be careful when using my wallet and device.
I will apply this method to secure my assets.
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November 05, 2018, 01:00:53 PM
 #840

Yes,it is a very good advise to keep your crypto in different wallets,I am holding my bitcoins and etherium in hardware cold-storage wallet Ledger Nano S and I am also using MyEtherWallet for my bounty reward tokens ,so far I haven't had any  issues with security and all my funds are feeling safe ))
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