Quote from: BlackstarCollective on April 21, 2017, 10:00:49 AM

I was wondering what your suggestion to holding multiple cryptos is?

Obviously I don't want to hold even medium amounts of the stuff on exchanges, but it's incredibly tedious to have to download separate wallets for my computer, synchronize everything and.... well, yeah.

What's your strategy on this?

For holding long term higher value coins I use paper wallets because they look nice when made well and feel like an asset on their own. I also own a KeepKey which is great for general use.

For other alt coins I:

download the wallet software on to a sandbox virtual machine
generate an encrypted wallet
transfer coins to the wallet and confirm via a block explorer
backup the wallet on an encrypted container

And when it's time to spend:

install wallet on to VM
find a recent blockchain bootstrap for faster syncing if available
find a list a nodes/peers to add to the config for faster syncing
restore wallet from backup

It's also worth taking a note of useful websites for each coin you store, such as:

Official website
Bitcointalk main thread
Block explorers
Bootstrap files
Configurations/Instructions

And you can keep a neat file structure like:

ENCRYPTED_STORAGE/wallets/COIN/
ENCRYPTED_STORAGE/wallets/COIN/wallet.dat
ENCRYPTED_STORAGE/wallets/COIN/coin.conf
ENCRYPTED_STORAGE/wallets/COIN/readme.txt (useful websites and info for coin)

Use something like dm-crypt, VeraCrypt (TrueCrypt fork), or some other form of encryption to store the data.

u0000

Posts

Merits