I read an article where it was stated that:
"To store most other altcoins you will need to download the wallets created specifically by their developers. If youre collecting many altcoins this can be very time consuming and requires additional space on your computer to download all their blockchain data. Youll also need to make sure these wallets are up to date in case there are major upgrades. " It is the last sentance I am a bit troubled about:
"Youll also need to make sure these wallets are up to date in case there are major upgrades. " If you don't do this and keep the wallet updated, can you end up losing your coins?
The article was here:
https://cryptohustle.com/bitcoin-and-cryptocurrencies-for-beginnersDepending on your needs, you can try several approaches to store many coins, one is to download individually the wallets of each coin but that takes time, another is to use a wallet like myetherwallet that stores many coins, another option is to use the wallet of an exchange to store all your coins, and finally you can use a wallet from a decentralized exchange and store your coins there.