Wallet for different altcoins.

[Kisifer]

Hello all,

New to the scene here and I have a question. When you mine for different altcoins, do you have to have different wallet for each? Or you can have 1 wallet and use it for all the altcoins you mine?

Lets say I have a wallet in |Trust Wallet, can I use that address for storing different altcoins that I mine?

I hope that you understand what I'm trying to say. Sorry but my English is not so good.

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[Mighty_crypt]

You will need separate wallet for altcoins but just a wallet if the altcoin is a token, ( meaning running on Ethereum ERC20 smart contract), we do have wallets like coinomi, trust, atomic wallet that supports many altcoins, but there is a chance that the coin you want to mine won't be available on these multiwallets I made mention so you will have to download the coin wallet separately

[L A R A]

Lets say I have a wallet in |Trust Wallet, can I use that address for storing different altcoins that I mine?

Of course Trustwallet can support many types of coins and tokens, you can store all your coins there if there are coins that you are looking for

[NeuroticFish]

It depends on many things:
1. do you want to keep those altcoins or just mine and sell for something else?
2. do you solo mine or use a pool? - If you solo mine you need each different wallet afaik.
3. if you mine in a pool, check if the pool doesn't keep the money for you until you want to withdraw
4. also if you mine in a pool, maybe you want to use a multi-pool that auto-exchanges your earnings into a coin you want.

[Samayuki]

It would be easier if you can share the name of the coin you are mining, if the coin is a new coin then there is a higher chance that it won't be available on multi wallets like trust wallet, most new coins have desktop wallets and Linux wallets for start

[btc_angela]

Hello all,

New to the scene here and I have a question. When you mine for different altcoins, do you have to have different wallet for each? Or you can have 1 wallet and use it for all the altcoins you mine?

I would say that it is better to have a separate wallet for each altcoin you mine.
Advantage is that if you have just wallet and it was hack, you loss everything you have there.
So it is a safe practice to have different wallets, just saying.

Lets say I have a wallet in |Trust Wallet, can I use that address for storing different altcoins that I mine?

I hope that you understand what I'm trying to say. Sorry but my English is not so good.

Just be careful with Trust Wallet though, I say this because I have read accusations against them.

[Balili]

Hello all,

New to the scene here and I have a question. When you mine for different altcoins, do you have to have different wallet for each? Or you can have 1 wallet and use it for all the altcoins you mine?

Lets say I have a wallet in |Trust Wallet, can I use that address for storing different altcoins that I mine?

I hope that you understand what I'm trying to say. Sorry but my English is not so good.

Depends on  the coin you are mining, if they have their own centralised wallet but if what you are mining are ERC20 supported coins then you are good to go with Trust wallet and other ERC 20 supported wallets

[Crypticyasu]

Having one wallet that can accommodate many altcoins. Part of the benefit is the ease wax nd flexibility. Similarly, you stand the risk of losing your assets by using one wallet to hold your coins.
If you are very careful person, it is great to have all your assets somewhere you can access them easily. There are quite a few wallets that can keep multiple coins
Trust wallet;
Atomic Swap wallet (Atomic Wallet)
ImToken

I personally use ImToken because it can hold more than one eth address.
Good luck

[Rubick99]

Yes, sure you can use single trust wallet for different alts coin, but the coins that you will hold must support with trust wallet.
Or if you want the other wallet, you can using wallet from coinomi, many altcoins that support in there. You can make any transaction, receive or send as you want

[Kisifer]

Thanks a lot for the valuable information guys. I got the answers that I was looking for and it's clearer now, what cryptos and wallets work.

Thanks again.

[WalkerIVIV]

It's better for you never try to mix all of your coins into the one wallet. I have been storing my money in the different wallet to prevent the possibility to be stolen by scammer. I hope i will never get that case. You should store your coins into the some wallet.

[Toxic_1988]

Hello all,

New to the scene here and I have a question. When you mine for different altcoins, do you have to have different wallet for each? Or you can have 1 wallet and use it for all the altcoins you mine?

I would say that it is better to have a separate wallet for each altcoin you mine.
Advantage is that if you have just wallet and it was hack, you loss everything you have there.
So it is a safe practice to have different wallets, just saying.

Lets say I have a wallet in |Trust Wallet, can I use that address for storing different altcoins that I mine?

I hope that you understand what I'm trying to say. Sorry but my English is not so good.

Just be careful with Trust Wallet though, I say this because I have read accusations against them.

Agree with this one. Sure there is the convenience of multi-wallet but each wallet for each coin provides better security, especially when you need to back up/restore .dat. Anyway, you can you multi wallet to store coin from the mining pool if that coin supported in the multi-wallet.

[Balladtony77]

Tokens uses ethereum blockchain/ wallet and other coins with separate blockchain like litecoin, dash, digibyte has separate wallets but few wallets in crypto space combine all these blockchain in a simple wallet for example enjin wallet, coinomi wallet, trust wallet, Atomic wallet

[Akiko]

Hello all,

New to the scene here and I have a question. When you mine for different altcoins, do you have to have different wallet for each? Or you can have 1 wallet and use it for all the altcoins you mine?

Lets say I have a wallet in |Trust Wallet, can I use that address for storing different altcoins that I mine?

I hope that you understand what I'm trying to say. Sorry but my English is not so good.

every coins have their own wallet you need to download each of them if you want to receive that coins. They use different Blockchain so its not really possible to use only one wallet for all Altcoin.

In trust wallet you can stored many different coins that only supported by that wallet but not all Altoona can stored there.

[Crypto_lion]

Yes most of the wallets support all etc 20 tokens. When a wallet supports ethereum it means that you can use the wallet to store any erc 20 token. Trust wallet is one of those wallets

[JHORN]

Hello all,

New to the scene here and I have a question. When you mine for different altcoins, do you have to have different wallet for each? Or you can have 1 wallet and use it for all the altcoins you mine?

Lets say I have a wallet in |Trust Wallet, can I use that address for storing different altcoins that I mine?

I hope that you understand what I'm trying to say. Sorry but my English is not so good.

1. Not all minable coins have mobile wallets
2. If the coin you plan to mine is new you will need to download wallet separately
3. There is 90% chance that the new coin don't have mobile wallet, you can only mine the coin if you have laptop or desktop to run the windows wallet
4. Multi wallets like atomic or trust wallet only support old altcoins

[TGD]

Not all altcoins can be stored in one wallet, some coins have their own or partnered with some platform that only accepts that specific alts. It will depend on what coins or token you'll be able to mine new or old or have their own wallet produced. Though many wallets around been trying to accommodate or lots alt as much as they can it will still depend on what alt they are in or platform they have if eth, waves, etc etc.

[Lunatic_Pandora]

I really like using Exodus, I can have a shared desktop-mobile wallet, has a nice, ez to use interface and the alt-coin repertoire + the integrated exchange feature is pretty neat with minimal fees.

[pilosopotasyo]

Hello all,

New to the scene here and I have a question. When you mine for different altcoins, do you have to have different wallet for each? Or you can have 1 wallet and use it for all the altcoins you mine?

Lets say I have a wallet in |Trust Wallet, can I use that address for storing different altcoins that I mine?

I hope that you understand what I'm trying to say. Sorry but my English is not so good.

The industry has become very innovative now, we now have a different multi-wallet to cater to all kinds of investors I'm using at least three multi-wallet, the thing is you need to secure all your wallets, once hacked you lose all your coins.

[Lantind]

Hello all,

New to the scene here and I have a question. When you mine for different altcoins, do you have to have different wallet for each? Or you can have 1 wallet and use it for all the altcoins you mine?

Lets say I have a wallet in |Trust Wallet, can I use that address for storing different altcoins that I mine?

I hope that you understand what I'm trying to say. Sorry but my English is not so good.

Yes, you can use a trust wallet to store all Altcoins, because most of the Altcoins that are supported by wallet trusts are Altcoins that use the ERC20 platform, because there are also sometimes Altcoins that are only supported by the wallet itself, and Altcoins like that are usually not supported by wallets others, like the example on the Altcoin Minter Network.