I’m wondering if it is a good idea to keep all the SOLs in a single account. It is easier to manage for sure. But if account gets hacked, all the SOLs will be drained. What if one keeps their SOLs split into multiple accounts?
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I keep 50% of my holdings on one cold wallet and the other 50% on another. Most critical rule in crypto is only the paranoid survive, and trust nothing and nobody. Good luck!
Honestly it’s best to keep your funds on a separate private key that has never and will not connect to any app then have other addresses with separate private keys that can connect to apps and send what you need.
Which wallets are best for solana ?
One guy said Phantom wallet I would have to say that wallet is complete trash, especially if you’re on mobile, it simply is broken go on Google Play Store and look at the reviews or just download it if you don’t believe me.
The best wallet in my opinion is solflare.
Phantom is pretty good
A copy of solfare and mobile app for android is broke.
Split, fees are not that high on SOL
Always ask yourself if you can afford to loose what’s in a single basket. When the number in one basket becomes troublesome for you, create another one. No exagerations. Four baskets is ideal, because at any given moment, regular people would recover from a 1/4 of a portfolio loss. Two of those baskets can be exchanges, for ocasional profit taking and further reinvesting. The other two, cold wallet solutions. Whatever the basket, keep 60% staked in it. Track the whole portfolio with MSP (My Stocks Portfolio) for all your invested categories, and full portfolio outook. Have peace of mind and good luck.
Yes