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?

As previous reply mentioned, it is not necessary to withdraw every altcoin to your hardware wallet, but it is much safer to do so, Bittrex/Polo could be hacked, or go down, although this is highly unlikely..
Exodus is a pretty good wallet for this purpose, and so is jaxx, although i heard jaxx had some security issues lately?

2, yes. but depending on your wallet, it could sometimes take a while to be updated again, since you need to update/ download/ sync with the blockchain of that altcoin.