Ok bros. I hold all of my crypto on exchanges for numerous reasons, but I'm thinking about buying/setup some hardware wallet and just lock it in the safe for a period of time so I won't touch it. What's the best way to do it ? Can I setup some private keys for any alt and just write it down and put it there ? Or this works only for BTC? When I buy something like Ledger, can I transfer every ALT-coin to it ? Some of the coins I have, are not mentioned on the official website/or this just works for every ETHcoin etc ?
Hardware/Paper wallet
Christian Perez
Christopher Anderson
breakfast bump
Jackson Gutierrez
the recovery seed is one 24 word seed for every coin you have in the ledger
Thomas Butler
>Falling for the Ledgered Jew
You won't make it user..
Logan Rodriguez
hit me up with 0$ investment alternative for an offline wallet, that I can store 5 alts at and how to set it up.
Gabriel Garcia
linux distro on a usb like Tails OS. A lot more complicated tho
Aiden Brown
Thanks for contribution, but I don't know shit about linux so this will not work. Any other ideas ?
Carson Moore
if you're going to trust hardware wallets you might just as well leave it on exchanges, in both cases you're trusting a company to not fuck you over
Adrian Flores
Nope. Exchanges are inviting targets for hackers. They could make one massive hack and take everything whereas with offline wallets they have to go one by one. You’re fine if you’re not stupid.
Austin Myers
>buy trezor
>can only access eth and erc20 coins with MEW
>3 years later, dig out your trezor to try to sell your coins
>MEW shut down, or stopped being compatible, or SOMETHING went wrong
>locked out of your funds forever
Nice.
Anthony Stewart
>he actually believes this
Hunter Morgan
paper wallet websites. You'd have to do this for each coin though
Levi Thomas
I own a ledger s...if mew were to shut down, I still have my 24 word seed
Austin Wilson
Paper wallet isn't bullet proof like I thought it was.
Everyone says their method of security storage is the best. Some say paper wallets are unhackable but:
bitcointalk.org
A bulk of people say the ledger nano is bullet proof but it seems to have a set of exploits to be weary of.
google.com.au
I got ledger. You have to be careful though. Buy ledger from official site, configure a new seed after writing it on paper then go on official ledger website on Chrome and download the updated firmware, ledger manager and ETH wallet. I would also inspect the inside of the ledger to make sure there are no extra chips in there. Make sure whenever you send crypto, use MEW as an interface and check the address you are sending to both on MEW and on the ledger display before confirming
Adam Powell
24 word seed...
Liam Perez
>open source software
>shutdown
Ayden Bailey
You still won't be able to access your erc20 tokens without MEW
Brayden Gomez
So for example I have 5 coins, and I would have to store 5 addresses somewhere. How does this work ? I move coins from exchange to where ? To papperwallet website or just store it on the chain ?
Why Jewchrome tho ? I can't just buy ledger and transfer this shit, and lock it in the safe, then when I need to cash it, I just plug it in and setup everything ?
Andrew Gutierrez
paper wallets are long term storage.
You type the code into wallet software to be able to send them at all. This would defeat the purpose though.
It sounds like you should just download wallets for your coins and not worry about cold storage if you're going to be send them
Joseph Clark
private key* not code
Justin Rodriguez
So something like Coinomi ? How is that safer than exchange?
John Clark
because you can keep the seed and input it into other wallets. The developers don't see it. Exchanges can exit scam
Blake Allen
Ye, cos MEW is the only gateway to SC on Ethereum.
You are brilliant, user
Asher Morris
Ok. What about coins that aren't listed in "supported assets" in Coinomi? I need to look for wallets that are supporting that coin specifically or ERC20 tokens are just stored in Etherum in general ?
William Long
Zachary Ward
Alrighty thank You. Sage the thread, I got every information I needed Jow Forumsbros
Ryder Myers
again with the advertising, sheeple gonna be sheep
Noah Gonzalez
How about recovering coin with your seed?