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Board Beginners & Help
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What Are The Dangers Of Multiple Coin Wallets?
by
Dejoe75
on 08/03/2018, 09:24:16 UTC
⭐ Merited by btcprospecter (1)
I guess if I am buying several cryptocurrencies/altcoins, I would need different wallets to keep them away from the prying eyes of hackers. We have already agreed that leaving the coins with exchanges is not a good option and that using wallets that are server-based is equally not safe enough. The best bet, therefore, is to keep them in hardware or paper wallets.

Now that there are multiple coins/tokens out there and you already have lots of them, practically, is it feasible to have several wallets at a time, especially if they have to be downloaded and installed on your system? If not, what wallet would anyone recommend that can hold BTC and several other altcoins at the same time?

Should one decide to settle for a wallet that has the capacity to store BTC and several altcoins at a time, what are the inherent dangers associated with such a wallet?