Hold your coins in multiple wallets

[Alpha0One1]

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   (and some other securities)

What do you do to secure your coins / tokens?

I practice the same. I have more than 10 MEW wallets and a Ledger as well.
Ledger is for long term storage. MEW wallets are for quick fund and token transfers as I don't carry my Ledger always.

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[CryptoIyke]

Never put all your eggs in one basket have been a long known proverb and it is always forms part of  investment advice. In crypto splitting one's fund in different wallets and exchanges have always proven to be the best and recommended in reducing losses. Personally I have some fund split in some exchanges, some external wallets and some in fiat. The spread is however shared evenly such that the loss of any should not spell doom for my entire portfolio

[kjn311]

No point in splitting the investments when market is falling down. Such action has only one purpose - to maintain your tokens as safe as possible.

[Debonaire217]

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   (and some other securities)

What do you do to secure your coins / tokens?

What I do in order to secure my coins is that, I secure myself, as simple as that. In order to become secure, you should be aware of the things hackers does on the internet. Also, using multiple wallets might cost you a lot of transaction fees.

[Gromx]

Never put all your eggs in one basket have been a long known proverb and it is always forms part of  investment advice. In crypto splitting one's fund in different wallets and exchanges have always proven to be the best and recommended in reducing losses. Personally I have some fund split in some exchanges, some external wallets and some in fiat. The spread is however shared evenly such that the loss of any should not spell doom for my entire portfolio

When the whole market falls-no matter how much and what you have coins.The whole briefcase will be on the Fritz.We also need to invest in the stock and currency markets.Then the probability of investment loss can be greatly minimized.

[faza13]

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   (and some other securities)

What do you do to secure your coins / tokens?

I choose a mobile wallet like an application wallet for android, or if I want to open it on website, I put the web link on the book mark

[CoinAcademyNL]

Just make sure that you hold your private keys, offline storage is preferred.  This way you can't be phished either

[abake]

Holding coins/tokens in multiple wallets as a security measure sounds good, following the principle of do not put all your eggs in one basket. Well, the best security tip for holding cryptocurrency is using a secure hardware wallet like Ledger Nano S, Trezor and keep key. Also having a physical backup of private keys,  mnemonic words for wallets helps a great deal. Never use email, telegram or any other online means to store your private key or mnemonics, hacking is real. My humble opinion.

[sumangs]

Yeah it is better to have different wallets rather than sticking up with only just one wallet like myetherwallet for ERC20 altcoins. Also multiple metamask when using MEW. It is better to have in many good reasons and when it comes to money even though the security is tough it would worth better than just an easy way of storing those assets. Multiple hardware wallets also do if you have enough money to do it and add some flexing stuffs.

[rdewilde]

That is a good idea, but if you do that you will be very difficult to manage it. Using one wallet is still the best way. As long as you are careful in every action and account security, your computer is safe clean

[jyotianand01]

The best option to secure your coins is hardware wallet if you are a long term investor and not required to transfer your coins for trade regularly. Only Hardware wallets are fully secure from any attacks.

[Malkazimir]

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   (and some other securities)

What do you do to secure your coins / tokens?

I have no doubt that the most reliable way to store is a hardware wallet. It is physically impossible to steal your coins. You do not know your private key, and therefore can not make a mistake. One wallet will be enough.

[cchub]

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   (and some other securities)

What do you do to secure your coins / tokens?

It is important to take the biggest security measures regardless of the number of wallets you have!

[Usafstar]

It is true that use many wallets for keeping your money because keeping all your money at one place is more risky and if we hold our coins in multiple wallet and it is more secure that having many coins at different centers and i think that people who have altcoins they should use these for trade and i have never seen any problem with me in the past and i am very scared when i heard that some one wallet had been hacked some time is very hard to trust any body but still we have many option.

[ejhayehm]

That is a good idea, but if you do that you will be very difficult to manage it. Using one wallet is still the best way. As long as you are careful in every action and account security, your computer is safe clean

Using only one wallet is a little risky. If unlucky, we can lose all money. I think we should split out investment into 2 or 3 wallets. It not too much to manage while it is more safety.

[hesham51]

You are absolutely right, You can secure your investment by spreading your holding among numerous wallets , this way will rise the level of your security in cryptomarket, I like the way to keep all phrases pass and passwords in offline PC or even VMW PC if there's no hardware PC.

[bep42]

A great number of coins better keep in cold wallets. Concerning coins you use, invest or trade, it can be kept in different wallets and exchanges.

[Galley]

On my bitter experience, I became convinced that it is better to store tokens in different places and this saved me from complete collapse. I lost only a part of my savings, losing my vigilance. Be very attentive and careful.

[Lagduf]

That is a good idea, but if you do that you will be very difficult to manage it. Using one wallet is still the best way. As long as you are careful in every action and account security, your computer is safe clean

Using only one wallet is a little risky. If unlucky, we can lose all money. I think we should split out investment into 2 or 3 wallets. It not too much to manage while it is more safety.

Even if its only one wallet if you can max out the security for your wallet for example using hardware wallet then there's nothing to be afraid of.
More interesting if you can use a multile signature for your wallet then it's an ultra safe wallet from hackers

[Adecrypt83]

As for me, there is no tangible reason for one to store his coins or tokens in multiple wallet. If you care much about the security of your assets then I will advise you to get your one ledger wallet. It is not really expensive, with 100 USD you will get one for yourself.