Holding multiple altcoins

[MaiQwaN]

If you have a large number of coins and their total cost is high, then storing them all in one wallet is not a good solution. No matter how good and multicurrency it is.

[flemmings02]

For me I prefer to hold my alts una a single wallet ! It gives me the ease of making transaction at everytime I want and as much times I want it. Also I will be able to monitor my holdings effectively!

Saving all your alts is in address is not good enough and it could provide ease of access and convenience when making transactions but it is a bad move incase one get compromised, you will be having all your coins at risk.

[Vishnu.Reang]

I am still holding my tokens and altcoins in MEW and exchange wallets. The multi-asset open source wallets doesn't look secure enough for me. And after the recent price crash, the net worth of my alts have gone below $500 (from $3,000 a few months earlier). Now there is no point in purchasing a hardware wallet to store these assets.

[jessyj48]

Since no one can predict how profitable a altcoin can become in the future thats why i hold many altcoins with use case and i use multiwallet like coinomi to store all my altcoins since many of them are erc20 based tokens and coinomi wallet supports over 100 different types of altcoins which makes the wallet a better optionfor my needs

[ModanaLee]

Since altcoins are majorly for long term investments, I prefer to have my altcoins in a single private wallet than have them in different wallets so as to keep track of them

[ajja]

If you have a large number of coins and their total cost is high, then storing them all in one wallet is not a good solution. No matter how good and multicurrency it is.

You are right, I am not sure that anyone can properly protect their security key. as we know it today, there have been so many frauds committed to steal our assets.
if the amount is small and the coins are not too much I think no problem. However, if the amount is in large form. of course we must be more careful.

[zombi11]

I hold them on a exchange because i trade almost every day with them for profit.

[ishirut009]

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?

i personally use mew wallets. But i have plenty of it, i have 3 wallets that i use for bounty and airdrops. and i have 2 wallets for hodling tokens because for me, i dont want any person to see what are the tokens that i hodl for security purpose

[Miklight88]

Invest your money in any kind of alts you wish as your money reach, that is what we call investment , not necessarily need to just have all but the good ones and if your funds can cater for them will be a good thing to do.

[MirclIX]

I think that if a market participant holds a lot of altcoins, this can lead to success.
The market is constantly changing its state and at certain times, each of the coins in which you invested can be on top.
You will be able to sell coins depending on the situation and be successful.

[b1boy]

I imagine this is not all that much, and I see that currently there are extremely an enormous number of tasks that have incredible opportunities to live. Perceive how things are growing at this point? I think you comprehend what I mean? The world is changing and we are as of now observing changes.

[budi12]

whatever wallet we can use for crypto needs, but the most important thing is the level of security that is owned by the wallet ... so that we can feel safe without worrying if one day our wallet can be hacked by wallet hackers ... and I have only use MyEtherwallet as my Altcoin Wallet because all the coins I have come from the bounty campaign ...

[mr_random]

whatever wallet we can use for crypto needs, but the most important thing is the level of security that is owned by the wallet ... so that we can feel safe without worrying if one day our wallet can be hacked by wallet hackers ... and I have only use MyEtherwallet as my Altcoin Wallet because all the coins I have come from the bounty campaign ...

Mycrypto desktop application is also a good option for holding the bounty rewards and similar crypto balances. The online wallets are not safe for using big amounts, the small amounts can be transferred through the online wallets like Myetherwallet, Blockchain.info wallet.  For restricting the other people to access your wallets when you are away from the personal computer you can also use biometric security protected crypto applications.  Multiple wallets can be a secure than putting all eggs in single basket in my opinion.

[asyakashi]

I keep coins in different wallets, thus reducing the risk of hacking. Another thing is that there are very few good coins left to remain for a long time.

I do the same with you, I think it's safer and doesn't risk the wallet being hacked at any time.
to check some coins I took the manual method by checking one by one the wallet. sounds impractical but to me it is safer.

[ninja811]

For long-term investment, I prefer investing in different altcoins so that at different times so that I can sell the highest-priced altcoin.
Therefore, in my wallet there is a set of altcoins from the top 10 that will bring profit.

[boltz]

If they are erc 20 token its okay to hold them in one or 2 address but if this is not the case , I prefer to download the wallet so I can be in full control of my private keys and who knows if they are PoS I will also stake. Never hold your coins into exchanges as in this days we see more and more exchanges ready to launch.

[timoshani]

I hold them on a exchange because i trade almost every day with them for profit.

But holding all altcoins in exchanger wallets can bring some risks and problems for owners of this money.  The last example of Binance when thousands of NEO tokens were hacked give thoughts about rationality to keep all currency on the markets wallets.

[timfish]

I don't think holding all your alt-coins in a single wallet is risk, except if you are care-free with security of the wallet.  I think holding multiple alt-coins in a single wallet helps to keep and monitor the values in a conservative way.

[DeathProxy]

I prefer to hold it a multi currency wallet of which i must have acess to the private key so as to be in control of my funds and for easy access purpose. To do this i like using either coinomi or trust wallet they are both safe and easy to use

[pandanaran]

until now I personally still use the web wallet (MyEtherWallet) as a place to secure my portfolio, including some ERC20-based tokens generated from previous signature projects, most of which are mostly ERC20-based tokens. on the other hand I will adjust depending on the project that I am taking.