Holding multiple altcoins

[SportsbookBettor]

I hold many coins but i don't store all of it in a single wallet because what if you misplace your key to open that wallet then all of your holdings will be gone in instant. I rather spread all my tokens and altcoins in different wallet to have better security of my holdings.

[Natalim]

I hold many coins but i don't store all of it in a single wallet because what if you misplace your key to open that wallet then all of your holdings will be gone in instant. I rather spread all my tokens and altcoins in different wallet to have better security of my holdings.

That's correct, not only we diversify the risk in investing by spreading our money in different coins, but we also have to store it in different wallet.
It's the best strategy especially if you are investing for long term, might as well put it in different places so in case of fire or flood, you can still access that in other places.

[fulcare]

I keep my coins in different wallets, I support diversification even in security matters. Private keys are also divided into several parts.

Yeah, it is good decision. Always make sure that your private keys are safe and nobody can steal them from your computer.

Yes, they provide encrypted private key which makes me sure that it's all secure. Among all the important thing about wallet is the way how the private key is being kept and I feel like I have them securely because of the encryption.

I think Multi Wallet is a good choice because it makes it easier for users to store various types of coins in one wallet and of course it's safe. I am sure almost all invest more than one coin because the chances are smaller and vice versa if investing more than one is bigger and of course the risk is also great to still depend on the coins we have.

A multi wallet is a must. The number of coins will only get bigger and having a convenient method to deal with all of them in once place is a requirement for adoption. Nobody wants to deal with 50 wallets. Imagine you would have 50 physical wallets to deal with or even more.

Agreed with you, I've been using it and it's really convinient. This time I'll be trying Hodler hardware version since it has better version than the free app. It is a good storage for greater volume of coin.

Which of the wallet providers are you using? Having control over all of these assets is awesome, but some fear the risk of losing their keys, which is of course painful if you have it all in one wallet.

I'm using Hodler wallet, it's the only fully open source multiwallet that gives you full control over your funds since private key is provided. You can also view code publicly to see if there is any vulnerability. They have a free app version for desktop and phone. You might wanna try their PRO version also at their site, they are on sale now: www.hodler.tech/pro

I am not tech savvy enough to check the code myself unfortunately, but I am sure if they have a high number of users that knowledgeable people already checked it.

[AjithBtc]

I hold many coins but i don't store all of it in a single wallet because what if you misplace your key to open that wallet then all of your holdings will be gone in instant. I rather spread all my tokens and altcoins in different wallet to have better security of my holdings.

That's correct, not only we diversify the risk in investing by spreading our money in different coins, but we also have to store it in different wallet.
It's the best strategy especially if you are investing for long term, might as well put it in different places so in case of fire or flood, you can still access that in other places.

Having diversified altcoins is the portfolio adds more value to the portfolio. When we have diversified investment on altcoins automatically it'll help with reducing the possibilities of big loss. Because every altcoin won't go low all at the same time. If one goes low, can profit through the other.

[princerepon]

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?

Yeah that's looks like cool. i never saw like those wallet. If security is really good for this kinda wallet then i think it's great to hold your coins. cause you can see your all coin in one time. pretty much saving your time.  

[sergiokkl]

Single wallet is enough for a user who did know the kind of safety like using either metamask or brave browser, google authenticator for gmail security, not careless on accessing links, must know the basic of the internet.
Keep safe everyone and happy earnings, even in this situation you keep the good work

[CryptoSagor]

For holding multiple coins, why I choose this website where I can store in my Trezor hardware wallet. The first thing I did before coming in bitcointalk and in crypto, I learned from my senior's experience. Everyone suggested me to buy a hardware wallet and I did! Now I can store and manage any kind of crypto coins in my hardware wallet. And, this website is not enough trusted I think.

[RokokGudangGaram]

indeed a lot of bitcoin is better but you have to know the coins that you hold are good for you to hold taua no, because the more here the more new altcoins become garbage. but for the advice I chose the altcoin you can use ethereum, litecoin and bitcoin because the three coins are very promising results

[ariyzt]

holding on single wallet it too risk when you save many asset (money) there
better sphread on some wallet than on single one
i prefer using cold wallet like ledger nano to save mine

[Adya]

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?

did not understood what is this. it is cold wallet? or it is just interface for watching for price changes? anyway hold all money in one place is not good idea.

[TrevorS]

indeed a lot of bitcoin is better but you have to know the coins that you hold are good for you to hold taua no, because the more here the more new altcoins become garbage. but for the advice I chose the altcoin you can use ethereum, litecoin and bitcoin because the three coins are very promising results

It is not so easy to predict with certainty which coins will rise in price in the future and which ones will turn into rubbish, this is a kind of lottery, but those who win it become rich.

[hummer113]

I like the main cold wallets better, I feel more secure, probably when all the tokens are in 1 place it is convenient, but I feel safer to keep the coins in different places.

[Belianez]

holding on single wallet it too risk when you save many asset (money) there
better sphread on some wallet than on single one
i prefer using cold wallet like ledger nano to save mine

Well, if there is a small amount of money why you do not need to invest , for me it is more convenient , but of course if you store large amounts of money then choose ledger

[trudovik]

I think that this is nothing bad, and I see that now there are really a large number of projects that have great chances to live. See how things are developing now? I think you understand what I mean? The world is changing and we are already seeing changes.

[Fammosh82]

I invest in BTC as well, plus XRP, XLM, ADA, TRX and others. Digital assets will be a big part of our financial future, but I don't think there will be only one winner. Most digital assets of today will die off, but a lot will find a purpose and thrive.

[absurde]

Holding multiple altcoins makes people excited, also they are sharing their risks, in the bull term 20 % of them if can move, so no problem.

[Mianae]

Such wallets will allow you access to your coins at the same time. I think it's good provided the security it's offering is high what matters is safety of one's funds irrespective of where it's stored.

[jvper]

Holding multiple altcoins makes people excited, also they are sharing their risks, in the bull term 20 % of them if can move, so no problem.

That's a good practice because diversification is key to minimize risks and achieve the best potfolio in risk-return metrics.

[kissme09]

Holding multiple altcoins is a great option when reducing the total loss rate when investing in fixed Altcoin, but this will make the profit impossible to maximize when not all Altcoin grows, in the same way, the moment with a fixed growth rate the same. So this is not the best solution but the best solution.

[RockDJ]

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.

The only multi-currency wallet I know is the ledger nano. For personal hot wallets I hold them differently. I use imtoken for ERC-20 coins, I use lobster for XLM, kcash wallet and blockchain wallet for bitcoin and Bitcoin cash. I am open to learn about any good wallet that can accommodate all