Re: Which multi crypto wallet is safe for long term holding? Please read description
Which multi cryptocurrency wallet is safe for long term holding that either stores private keys locally or gives users exclusive access to their private keys?
I am currently holding around 80 different cryptocurrencies in small amounts. I want to hold these coins for long term. Need a safe wallet where I will be able to store all my coins. As I have heard that servers where users' private keys are kept by wallets can be hacked, I want to hold my coins in a wallet which stores private keys locally or gives exclusive access of private key to the user (the one which doesn't store private key anywhere). I am not willing to spend money on hardware wallets. I am planning to store these coins on a desktop or a mobile wallet (or a wallet like metamask & myetherwallet). Planning to buy a new desktop or mobile which I will use only for the purpose of storing cryptos & will keep the device disconnected from internet until I want to sell my coins.
You could give imtoken 2.0 a try, the new version, supports all erc 20, EOS and several others and you hold the private keys. You could try Monarch also, still conducting ICO but has an MVPI am currently holding around 80 different cryptocurrencies in small amounts. I want to hold these coins for long term. Need a safe wallet where I will be able to store all my coins. As I have heard that servers where users' private keys are kept by wallets can be hacked, I want to hold my coins in a wallet which stores private keys locally or gives exclusive access of private key to the user (the one which doesn't store private key anywhere). I am not willing to spend money on hardware wallets. I am planning to store these coins on a desktop or a mobile wallet (or a wallet like metamask & myetherwallet). Planning to buy a new desktop or mobile which I will use only for the purpose of storing cryptos & will keep the device disconnected from internet until I want to sell my coins.
Thanks for replying
Visited the official website of imtoken. The website isn't much informative. They haven't even mentioned the list of coins they support. No mention of storage of private keys. On Play store it has mixed reviews. Would prefer to stay away from it.
Monarch definitely seems to be promising. It supports BTC, ETH & all ERC20. Cold wallet is offered in MVP. The website mentions that the users will be able to own their private keys. Haven't mentioned though whether they store it on server, somewhere else or not. It has only 12 ratings on itunes. It still is in early phase. Might give it a try.