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?
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?
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.