Holding multiple altcoins

[faceoff97]

Many of us prefer to hold multiple kind of coins. What do you prefer: holding it in a sigle kind of wallet or have it on a different kind of wallet?

Personally, I prefer to store in an opensource multi wallet that support all my preferred coin and even ERC20 token, its the only opensource multiwallet available called Hodler and so far I find it good. Do you think, this is really good idea?

[1713949354]

1713949354

[batang_bitcoin]

I'd prefer to hold it with a muticurrency wallet like ledger nano s.

It is convenient if most of the coins you hold can be stored within a single wallet which is trusted and reliable. I have seen that hodler wallet ran a signature campaign here but I still prefer to stay with ledger nano s.

[faceoff97]

I'd prefer to hold it with a muticurrency wallet like ledger nano s.

It is convenient if most of the coins you hold can be stored within a single wallet which is trusted and reliable. I have seen that hodler wallet ran a signature campaign here but I still prefer to stay with ledger nano s.

Yes, I also found it when they did a signature campaign. Looks like the team could be trusted and has good project history.  I've heard that they'll be releasing a hardware wallet also in the first quarter of 2019. They actually get good reviews about their wallet that's why I started using it. Thank you for your response.

[andongdanisi]

According to your hobbies, I have a lot of wallets to trust! And I don't think I should store all the encryption in one wallet!
Etherwallet
Imtoken
Myetherwallet(MEW)
Hardware wallet you can choose Ledger Nano

[NeuroticFish]

Many of us prefer to hold multiple kind of coins. What do you prefer: holding it in a sigle kind of wallet or have it on a different kind of wallet?

I choose the coins/tokens based on how good the project is, not based on how I can store them.
This being said, I have paper wallets, wallet seeds, wallet.dat files, ... name it.
I was near to the point to buy hardware wallet, but then the market crash has come so such investment will have to wait.

What I like the most? The means I can save on plain paper: especially wallet seeds, but paper wallets are also okay. Such means of "storage" are the cheapest and the most versatile imho.
And yes, obviously, each and every one with its own wallet.

[JuggSlash]

Multiple altcoins, in a single wallet. Why not? I have plenty of tokens to manage in my ethereum wallet and there is no such a great coin can do that!

[coaprotet]

It does not make sense to keep everything on one single wallet, because if you would get tricked, you will lose everything. Never forget to use the diversification and to hold your coins on different wallets and different exchanges.

[timmmers]

Holding more altcoins is recommended because we cant predict which one altcoin rise in the future and which one dies. So by doing this you could reduce the risk.

[faceoff97]

Many of us prefer to hold multiple kind of coins. What do you prefer: holding it in a sigle kind of wallet or have it on a different kind of wallet?

I choose the coins/tokens based on how good the project is, not based on how I can store them.
This being said, I have paper wallets, wallet seeds, wallet.dat files, ... name it.
I was near to the point to buy hardware wallet, but then the market crash has come so such investment will have to wait.

Basically, we will really not invest on a project that has no future. What I'm trying to say is that, would it be a good idea to store it all in one app. I actually decided to do ut, but just getting recommendation from tge community. But even without any answer, I found my current wallet now as really fits me. But still wanting to hear from everyone since I'm a newbie holder. Thank you for your response.

[covfefe_]

I prefer holding them in their native wallet if they are in a large amount and in a dedicated key-address pair of ERC20 tokens.
You should be extra sure how open sourced (malicious codes) and how secure (against external threats) are such open source wallets.

[Periodik]

A multiple-currency wallet is the best. However, I do not store all of my coins in a single wallet. I would never do that, or perhaps I could not. I have accounts in several exchanges. And so I cannot but use several wallets as well. But my coins for long term hodling will also be in different baskets. Just for the sake of security and accessibility. I have a local wallet as well for my bills payment and load supply.

[batang_bitcoin]

I'd prefer to hold it with a muticurrency wallet like ledger nano s.

It is convenient if most of the coins you hold can be stored within a single wallet which is trusted and reliable. I have seen that hodler wallet ran a signature campaign here but I still prefer to stay with ledger nano s.

Yes, I also found it when they did a signature campaign. Looks like the team could be trusted and has good project history.  I've heard that they'll be releasing a hardware wallet also in the first quarter of 2019. They actually get good reviews about their wallet that's why I started using it. Thank you for your response.

If its about the trust of the team, you can have your own discretion but as long as I'm not seeing majority who uses it and verifies it is a good wallet to use, I'm staying off with it.

Looking forward for their hardware wallet, we've got few hardware wallets that we can trust with so if this adds to the list it will be a good choice for most.

[faceoff97]

I prefer holding them in their native wallet if they are in a large amount and in a dedicated key-address pair of ERC20 tokens.
You should be extra sure how open sourced (malicious codes) and how secure (against external threats) are such open source wallets.

Thank you for response, I just went to their site and here's a statement from them: "Don`t trust, Verify: We are the only Open Source multi-wallet on the market. Every modification of the source code is momentarily verified by a community of security experts from around the world." I checkout their team and they are really have the experts, it is also a community driven software which I think gives the users the assurance that they are seriously developing a wallet.

[Shatterlean22]

I prefer to hold all my altcoins in a single wallet with backup phrase like coinomi wallet and if I'm holding a certain token in large quantity them I can decide to use Gui wallet for pc

[cizatext]

Hodler wallet is OK as it allowed for multiple wallets where all my coins can be stored but my worries is hodler wallet is a new development and at that it have bulk in the network some times and that always question my confidence in the wallet but apart from this it have a user friendly interface and very easy to use.

[NeuroticFish]

What I'm trying to say is that, would it be a good idea to store it all in one app. I actually decided to do ut

Making one wallet "to hold them all" is a very big endeavor because there are a huge number of coins, of which a fair number have community that considers them good project and will hold them.
Also new coins born every month, at least. So you'll always be one step behind.
Then, if you do proper (full) wallet with local blockchain for every coin you'll end up taking way too much space. And many (me included) prefer SPV. But then you may have trust (and load) issues with your servers.
It's tough.

Don't take my answers wrong. I am VERY positive around building new software for crypto, especially open source. And I don't want to discourage you.
But it's a tough task and I want you to understand the possible problems and maybe start with proper small steps one at a time than see a big project started and never finished.

[Red-Apple]

in early years i was also thinking about buying and holding multiple altcoins thinking that could be considered diversification and give me more profit. but after a while i saw that this way of investment is the worst thing that i can do. specially since they are all connected and they all get dumped hard when bitcoin drops. for example i remember in early years when bitcoin dropped 15% in a day and the altcoins i was holding at the time lost about 40% of their value.
from that day on i never bag hold any altcoin anymore.

What I'm trying to say is that, would it be a good idea to store it all in one app. I actually decided to do ut

Making one wallet "to hold them all" is a very big endeavor because there are a huge number of coins, of which a fair number have community that considers them good project and will hold them.
Also new coins born every month, at least. So you'll always be one step behind.

considering 80% or maybe more of the altcoins are simply copies of a handful of them, it is super easy to create a wallet that can hold every one of them since you just have to change a small number of variables in your wallet program and if the developers have been following scaleable programming patterns.

[faceoff97]

Hodler wallet is OK as it allowed for multiple wallets where all my coins can be stored but my worries is hodler wallet is a new development and at that it have bulk in the network some times and that always question my confidence in the wallet but apart from this it have a user friendly interface and very easy to use.

You just mentioned it as new software and maybe all new other kind of software had issues. Looking at how theIR development team work, it was really impressive. Let's see how far this project will bring us, I believe that it is one of a kind of wallet everyone should try to look at.

[JimmyNg90]

Many of us prefer to hold multiple kind of coins. What do you prefer: holding it in a sigle kind of wallet or have it on a different kind of wallet?

Theoretically, do not keep all the eggs in one basket, and keep the one that's most appropriate and safest with the tokens you have. Instead of keeping a token A and B in two X types, why not keep A in Y and B in Z?

[alonelyorange]

You can holding multiple altcoin kinds on your wallet, but you have be careful with your asset excatly erc20 token asset, many investor and bounty campaign participants have lost their asset save at myetherwalet because use phising website when access to their wallet.