they are not compatible with all of my coins
That is the main reason I have not invested heavily into any coin that I can't stick in a hardware wallet.
Is this why hardware wallets come in handy?
These keep you safer than most other methods but still can not hold every coin out there.
maybe you would consider writing a post [about hardware and paper wallets]
I'll add it to my list :D
I wonder if there is a decentralized exchange or wallet that accepts and stores everything listed on Bittrex?
Chances are slim at this time but BitShares has a lot of coins listed but not as many as Bittrex
Thank you for your response! I need to learn more soon about which hardware wallets will work for my more important investments. For now though...it looks like I will be downloading extra desktop wallets...or cores as they seem to be called? These feel a lot safer since they are provided by the blockchains of the actual coins themselves.
These can only be as safe as your computer is and it is always a good idea to assume your computer is compromised.
Well...maybe not completely safer...but hopefully more compared to the alternative? How do you choose between keeping the coins in an exchange that could suddenly vanish...or keeping them somewhere they could be hacked? I know there isn't any perfect solution...but I am having a really hard time seeing which options have more pros than cons.
The coins in an exchange can still get hacked. Hardware wallets keep the private keys offline 100% of the time. That is why they are the safest way to store crypto at this point in time.