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Author Topic: For staking: Do you use one wallet per coin or a multicoin wallet eg MyEtherWall  (Read 514 times)
CrashLamb
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September 03, 2018, 01:28:53 PM
 #21

No matter which wallet you are using, both can be hacked. The security of your wallet depends on the security of your computer. Bugs, trojans, malwares often tries to steal or manipulate your data. That is why you should use good anti-malware softwares and good anti viruses.
LaserPie
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September 03, 2018, 01:30:52 PM
 #22

In most of the cases hacking happens due to the phishing websites. No matter which kind of wallet you are using, anyone can be compromised. So you need to be careful about the phishing websites. And you should use good anti-virus and anti-malware softwares in your computer to prevent hacking.
danherbias07
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September 03, 2018, 01:33:53 PM
 #23

If it is ERC20 thsn I prefer MEW.
Too much of a hassle if yiu have different wallets although they are really safer. But I guess you are not that of risk with MEW.

Others though with staking, it is better to use their wallet since you are making more out of it.

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LaserPie
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September 03, 2018, 01:38:09 PM
 #24

It is totally depended on you. You should make sure about the safety of your wallets. Because both one coin wallet and multicoin wallet can be hacked if you don't keep yourself safe.
fvb
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September 03, 2018, 01:42:13 PM
 #25

A good MEW wallet, I use it.  In it, I do not even go, but I use the Metamask extension.  There were no problems.  Correctly speak, safety and attentiveness, are important.

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Leed1962
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September 03, 2018, 04:04:12 PM
 #26

It's a matter of concern that how you stocking or keeping you cryptos. If you think of its security,  you will see there that all are same. some people are using one wallet and other are using multi-coin wallet.
jefrystar
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September 03, 2018, 04:17:08 PM
 #27

"
well,I think it depends on the user.  Some people likes to keep their coins into their own wallet and some others prefer to keep their coins in the multi-wallets.its up to the  user that where he actually feels more safe.There are a lots of wallets get hacked because of poor password."
ccsang
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September 03, 2018, 04:35:20 PM
 #28

Mew wallet is one of the best options for storing, sending and receiving, both Ether and Ethereum related token, I prefer Ledger Nano S + Mew to store your ERC-20 Tokens, the other staking coin just download their software and make sure it's don't include virus, double check your computer is clean and safe, other option is running staking coin on vps 24/7
johnokeefe09
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September 03, 2018, 05:01:30 PM
 #29

I think it's better to use a multi coin wallet. Because for a wallet you should have to use a lot of passwords and provide securities which is not an easy task. Multi coin wallet will help you to solve this problem.
Menced1937
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September 03, 2018, 05:25:21 PM
 #30

Staking actually depends on the user whether he is comfortable in using multiple wallets or using a single wallet for every coin. I prefer using multiple wallets. Before you stake, make sure you have a safe computer having good defend like Linux and make sure you don't browse anonymously.
btccrusher
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September 03, 2018, 05:33:20 PM
 #31

The wallet officially designed for one coin should be much safer than a multi wallet, however, both can be compromised as your PC might get infected by attackers or malware. I recommend using VPS service by creating a clone wallet there for keeping the wallet online while all private key stay secured in your local wallet. You can find help in Github for making clone wallet for VPS.
Giarturner
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September 03, 2018, 05:34:50 PM
 #32

I think using multi coin supported wallet is the best option. You can use the specific wallet for specific coins also. But using multi coin wallet will be easy. It is reliable also to keep your coins.
tailor.and
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September 03, 2018, 05:45:48 PM
 #33

Your PC's security mostly depends on staking. If your PC is compromised before having lost defense in phishing, trojans and copy, paste viruses. Then you will be in a great trouble. Also, use legit wallets.
Neseece
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September 03, 2018, 05:56:43 PM
 #34

It is always a better option to keep specific coins in specific wallets. But it has some problem also. Sometimes you may forget the various security questions and passwords that you have submitted during opening wallet. So, in this case, multi coin wallet is the best option.
WrayburnBTC
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September 03, 2018, 06:09:09 PM
 #35

You may even use Dapps for staking but I prefer using desktop platform for it. I use Linux OS and fine staking easier and use MyetherWallet for staking, I also keep my passwords in my mind and do not ever use copy-paste tool as it may be vulnerable.
Luckycoins999
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September 03, 2018, 06:54:34 PM
 #36

I think the primary objective is making the device, where the wallet will be installed, secured. Otherwise the wallets can be hacked whether it is one coin based or multicoin based.
Youggairch
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September 03, 2018, 06:55:32 PM
 #37

I think it depends on your personal preference, because someone wants to keep personal wallet and some people prefer multi wallet. And security is completely dependent on its user's. Weak password or any other mistake can cause harm to you.
BitCoinGuy10
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September 03, 2018, 07:04:17 PM
 #38

Both types wallets are good. Both have some certain merits and demerits. It really depends on your preference. Like i am using multicoin wallet and i am satisfied with it.
KobbyD
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September 03, 2018, 07:23:44 PM
 #39

Using multi wallets does not guarantee your security. You can use only one and be cautious.
Update your firewall regularly, avoid the use of unnecessary extensions in your browser. Keep yourself secured by practicing certain things.
konflikkastil
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September 03, 2018, 07:52:14 PM
 #40

I use both and it makes me feel comfortable doing that and you can do that 24/7 but I hope you reset and make sure that your computer is safe because it is very important

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