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Author Topic: Wallet for different altcoins.  (Read 527 times)
batang_bitcoin
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May 22, 2020, 04:17:59 PM
 #21

Of course you can use the Trust Wallet as long as the coin you're mining is being supported by them. There's nothing wrong if you use a multi-coin wallet that supports various coins and if the coin you're recently mining is there, it's an ease actually. But if you don't like things go like that then you're going to use the specific wallet for that coin. And you are required to that if the coin you mine still not yet supported by any multi-coin wallet that you have.
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May 22, 2020, 04:22:37 PM
 #22

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.
You can keep multiple coins in one wallet but you need different address for storing different coins, if you send coins to wrong address then you will get invalid address format or you will completely lose your coins.

Trust wallet is multiple crypto supported wallet so it will be perfect for storing less amount of cryptos.
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May 22, 2020, 05:26:21 PM
 #23

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.

First it depends on the type of altcoin you are mining and if it is supported by trust wallet. I know Trust wallet supports a good number of altcoins but I do not know the type of altcoin you are mining. Therefore to be on the safer side, open your Trust wallet and search for the respective altcoins, if you find them then you can use Trust wallet. But if you don't, check more about the altcoin and where you can store it. It's very important to make your research about each altcoin, so that you don't end up losing it (i.e sending to the wrong wallet address).

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May 22, 2020, 05:35:49 PM
 #24

very risk saving some Altcoins in 1 mix wallet...
The main thing that you should pay attention to if you want to keep multiple coins in one mixed wallet is the reputation of that wallet because there are also mix wallets that have proven to be safe till this day.



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May 22, 2020, 05:37:00 PM
 #25

If you are a coin miner, I think you need a separate wallet that matches the coins that you are mining. but if the coin / token that you mean is generated from the ERC20 platform I think you only need MEW wallet.

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May 22, 2020, 06:06:23 PM
 #26

If you are a coin miner, I think you need a separate wallet that matches the coins that you are mining. but if the coin / token that you mean is generated from the ERC20 platform I think you only need MEW wallet.
Right, but if I analyze the topic he wrote, it seems like he is talking about all the coins or tokens that everyone has, and in that case certainly the MEW wallet or TRUST wallet is very suitable for use even though the two purses I mentioned are almost same way it works.

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May 22, 2020, 06:13:49 PM
 #27

You need to wallet which is more secure to store your altcoins otherwise you could lost your token to the hackers. Again, The choosing of the wallet is depend on which altcoins and crypto you want to store. There are many altcoins which is now created in different blockchain like; Ethereum, Tron, Tezos, Waves, VET etc. If you have altcoins which is on Ethereum blockchain means ERC-20 token, you have to choose a ERC compatible wallet like the MEW wallet. This way you can store your different coin by choosing different wallet. But, if you want to secure your coin more then buy a hardware wallet like; Ledger or Trezor. This wallets are supporting most of the coin and token at one place.
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May 22, 2020, 06:30:35 PM
 #28

If you are a coin miner, I think you need a separate wallet that matches the coins that you are mining. but if the coin / token that you mean is generated from the ERC20 platform I think you only need MEW wallet.
Right, but if I analyze the topic he wrote, it seems like he is talking about all the coins or tokens that everyone has, and in that case certainly the MEW wallet or TRUST wallet is very suitable for use even though the two purses I mentioned are almost same way it works.
absolutely right using the Trust wallet suitable for airdrop hunter, in the Trust wallet all Erc20 and Bep2 tokens can be stored there.
if you want to download it go to Playstore and search Trust Wallet

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May 22, 2020, 06:33:15 PM
 #29

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.
Some wallets support many coins, while some only support the main couple of coins.
You will need a different for all of the coins, which if your wallet supports it, can be found under that altcoin and on the deposit option.
A good wallet with lots of coins supported is Exodus, which I currently use.
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May 23, 2020, 02:00:28 AM
 #30

Coinomi is a great choice to store multiple different coins. You can see the list of natively supported assets on https://www.coinomi.com/assets/

You can also read an introduction about the wallet with some safety tips on https://coinomi.freshdesk.com/support/solutions/articles/29000024165-introduction-to-coinomi, there's also a video-tutorial showing how easy it is to set it up, and showing basic usage.
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May 23, 2020, 06:01:40 AM
 #31

You need one wallet for one blockchain network and that one wallet can store all tokens which are deployed on the blockchain network. At this time i think you will need around 5 wallets to store all coins and tokens. Ethereum wallet for ETH and ERC20 tokens. Binance Chain wallet for BNB and bep2 tokens, NEO wallet for NEO and its token NEP5, TRON wallet for TRX and its tokens.

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May 23, 2020, 06:13:03 AM
 #32

To use Trustwallet, first look at the details whether it supports or not if there different you can use another wallet for make sure the coins that you want to mine will be available in the wallet and other options you can adjust according to your place and request.
 

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May 23, 2020, 06:15:52 AM
 #33

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.

Don't rely on only one multi-wallet, there are a lot of multi-wallet, you can use at least 2 to 3 multi-wallet like Exodus, Coinomi and Atomic wallet, but the most important thing is keeping your seed and your private key secured, even if you are using one multi-wallet but you know how to secured it is still ok but using multi-wallet is highly recommend.

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May 23, 2020, 07:11:17 AM
 #34

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 store your mind coins in one wallet. We have multi wallets that store more than 300 coins in just one wallet. So in that case, you can use these wallets to store all your mines coins. Except where the coins isn't supported in these wallets, then you may need to get it's own wallet or separate wallet for it. Hope you understand this.

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May 23, 2020, 07:15:05 AM
 #35

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.

Don't rely on only one multi-wallet, there are a lot of multi-wallet, you can use at least 2 to 3 multi-wallet like Exodus, Coinomi and Atomic wallet, but the most important thing is keeping your seed and your private key secured, even if you are using one multi-wallet but you know how to secured it is still ok but using multi-wallet is highly recommend.

You are right. The most important of these all is having access and keeping your private keys safe. Wallet like Atomic wallet and Coinomi can store over 500 cryptocurrencies. So it will greatly be helpful for users who intend storing multiple assets in just one wallet.

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May 23, 2020, 07:28:19 AM
 #36

Lets say I have a wallet in |Trust Wallet, can I use that address for storing different altcoins that I mine?
Yes Trust wallet  support different altcoins to store your altcoins.
Don't forget to choose Multi Coin Wallet after import your wallet in Trust Wallet. With Multi Coin Wallet you can store altcoins in your wallet.
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May 23, 2020, 09:04:49 AM
 #37

You don't need to use multiple wallets, you can use a trust wallet to store your altcoins, as long as the trust wallet supports the coins you can save in one wallet

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May 23, 2020, 09:57:58 AM
 #38

If you're asking about storing ERC-20 tokens on Trust Wallet,then you do not need to start creating different wallets to receive. All you need is your ETH wallet address and the altcoin will be displayed in your asset list once you receive any. Same applies to wallet that supports tokens on their blockchain, like the TRC-20 (Tron Blockchain), you're going to need Tron Wallet.

For the mining part, there's no way you can mine tokens on a coin's blockchain, I don't think it's possible. So you're going to have to mine coins that have their own explorer and supports mining.
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May 23, 2020, 10:27:28 AM
 #39

Trust wallet got you covered, ethereum, litecoin, Doge coin, Bitcoin, bitcoincash, Ethereum classic etc, the list goes on and on, every popular altcoins are available on the wallet and another good one is coinomi wallet

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May 23, 2020, 10:46:26 AM
 #40

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.

I think it is safe if each token has there own wallet for ERC20, because if you will choose one wallet in a different altcoin that would be risky I guess. Aside from that, I had no question about using one wallet in different coins. However, the decision still remain in your hands of course.
good day.
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