Quote from: BigFish47 on July 21, 2017, 03:28:37 PM

I am fairly new to cryptocurrency and I'm learning a lot as I go. I use the Exodus wallet for my main coins but I recently decided to purchase some altcoins using Bittrex. I got that figured out but now I'm not sure of the best way to store them. I know that you're not supposed to use exchanges to store coins for long term. Each of the altcoins that I purchased has a desktop wallet.

Question 1. Do I really need to install a desktop wallet for each coin to keep them safe?
Question 2. Once I send the coins from Bittrex to the desktop wallet address, can I just close it and not open it for a while?

1. No , you can use online wallets especially if it provide you the private keys, it is safe and secured as well.

2. Yes, you can close your wallet, the transaction will be done and hosted in the blockchain, and when confirmed you will get your coins received into your wallet.