Post
Topic
Board Altcoin Discussion
Re: Altcoin Wallets
by
Anycoin Direct Support
on 09/07/2018, 08:41:36 UTC
Hello jerry0,

We understand if you have invested in many different altcoins it might seem like a lot of trouble to download each individual wallet. However, as you stated yourself, leaving them on an exchange is not the safest method of storage. The same goes for multi-coin wallets, both these kind of wallets don't give you access to the private keys making you dependent on 3rd parties to store your coins. One of the main advantage of cryptocurrency is that it gives you the opportunity to be your own bank. To live up to this concept users must control their own private keys. Then again, if you are investing small amounts  leaving them on an exchange will only leave you open to a small risk.

There are also other reasons to install the dedicated wallet of each coin. First of all if you are investing in a coin it is wise to see what kind of network they are offering. Installing a wallet of the concerning coin is a great way see how well the network operates and what the team is capable of. When choosing a wallet we always recommend our customers to download the wallet officially recommended by the community. So for greencoin you should just visit the website: http://greencoin.life/ and download the wallet recommended on the website itself.

With kind regards,

The Anycoin Direct team