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[AudraMiller]

There are some people that use multiple different platforms in order to store their cryptocurrencies. In fact some people actually use the same platform under different accounts in order to try and split their holding of cryptocurrency. Do you think that it is a good idea to have multiple cryptocurrency wallets and can it be considered a safer option in case there is security concerns with any of these companies? Or do you think it will be best to have a single cryptocurrency wallet as this will be easier to manage?

 

[Niftyicon]

For people using several exchange platforms to trade, they do have several wallets and I don't think it is an issue provided they are able to keep track of all their funds on all the platforms.

 

[Razor1911]

You are not to secure all income in one basket. If you can keep track record of your savings in one platform then you are good to go

I have wallet in binance. therefore providing good services and I am happy with it. Also I am having account in atomic wallet.

 

[kaycee001]

Having multiple cryptocurrency wallet is ok so far one can keep track of all incase of any eventualities it is not advisable to keep all your eggs in one basket

 

[Razor1911]

Having multiple cryptocurrency wallet is ok so far one can keep track of all incase of any eventualities it is not advisable to keep all your eggs in one basket

When you will have multiple wallets there will be problems in maintaining it. You have to keep the 12 word password for every wallet. And if any of one gets lost you lost all the money.

 

[AudraMiller]

When you will have multiple wallets there will be problems in maintaining it. You have to keep the 12 word password for every wallet. And if any of one gets lost you lost all the money.

This is true. However if you have a document or a book where you can record this data and the phrases then you will easily be able to maintain the wallets and are unlikely to get locked out of any of them.

 

[Emmanuel24]

It's a good idea to have many wallets but don't have more than what you can control so that your money can be saved. Too much of accounts can make lose money if you're careless about them.

 

[LutherKing]

One trusted wallet is better in my opin8m you should not opt in for an headache rather you should have easy way of using yir money

 

[Josemendez]

I think it is quite cool to have more than one cryptocurrency , one should be for storing coins we get from Airdrop and the other will be for coins that have huge value.

 

[Hashay]

For me, I believe that it's not safe to put all eggs in same basket so it's better to spread risks, looking at yesterday bitcoin was rising at first and other coins were in a decline what if one only invested in a declining coin?

 

[Josemendez]

For me, I believe that it's not safe to put all eggs in same basket so it's better to spread risks, looking at yesterday bitcoin was rising at first and other coins were in a decline what if one only invested in a declining coin?

Investing in such a coin means the person is planning in long term holdl and will benefit more because he bought during the dip

 

[Hashay]

Investing in such a coin means the person is planning in long term holdl and will benefit more because he bought during the dip

It's not everyone that has coins in crypto wallet that are holding for long term, I know that I personally, I am not currently holding for long term waiting for the bear run to end

 

[Wisdom01]

Well just two wallet is enough for me ,because of how people usually lost their password on wallet sites and the reason i pick two wallet is if an exchange platform turn scam i wont bother too much

 

[mcdo143]

Mine is four, and am happy to say that its all working perfectly. I have seen some who uses five to ten, well it doesn't bother anyway, as long as it can be monitored on a daily basis, and most important thing is not to scam you.

 

[Josemendez]

It's not everyone that has coins in crypto wallet that are holding for long term, I know that I personally, I am not currently holding for long term waiting for the bear run to end

True , every cryptocurrency investors have his own strategy of capitalizing from the cryptocurrency market. It depends on what works well for you

 

[Hashay]

Mine is four, and am happy to say that its all working perfectly. I have seen some who uses five to ten, well it doesn't bother anyway, as long as it can be monitored on a daily basis, and most important thing is not to scam you.

The more wallets you have the more time you will need to be managing them which is why it is preferable to stick with a few ones you can work with.

 

[BullyMaguire]

There are some perks like i was keeping my trx on klever to stake and coinomi for multiple addresses purpose. Some for some apps that only pays for a specific wallet

 

[a_jerobon]

For me, I prefer having one cryptocurrency wallet to save my crypto. I don't belief that storing it in different wallets secures it. The best way to secure your wallet is by using second factor authentication, a strong passsword and any other ways recommended.

 

[Wisdom01]

For me, I prefer having one cryptocurrency wallet to save my crypto. I don't belief that storing it in different wallets secures it. The best way to secure your wallet is by using second factor authentication, a strong passsword and any other ways recommended.

think most times people dont see password as a way only ,since there are scam wallet platforms ,they also see putting funds in different wallet just like that as been very risky too

 

[Hashay]

For me, I prefer having one cryptocurrency wallet to save my crypto. I don't belief that storing it in different wallets secures it. The best way to secure your wallet is by using second factor authentication, a strong passsword and any other ways recommended.

True, have one wallet and keep it safe,that's how it works, because luno stopped processing payments and withdrawal and I opened another one, I can't seem to remember my password anymore.