Does all crypto in the world have their own official wallet?

[j.sureshkumar 7]

As the latest Bitcoin halving approaches, miners are upgrading equipment, optimizing arrangements, conserving power and more in the race to dominate.

[Yunusalemu 0]

They is no such a thing as every crypto currency having it own personal dedicated crypto wallet,these crypto wallets are created by other individuals or corporations to hold these coins, and somtimes sponsored by the crypto currency makers them self. 

[AkaCrafterCZ 1140]

10 hours ago, hunasaloow said:

You can open an account in one of the famous online wallets like blockchain, binance, poloniex, coinbase, and you will find all the coins you need to store. Not all tokens have this luxury exchange. as we can see it is very easy for Android apps to create where to use the android wallet in the east to use for users.

Actually those you mentioned are exchanges and those aren't suggested to he used as a place to store all your funds. A proper wallet should allow you two essential things:

1. Allow you to have access to your private keys
2. Allow you to set the payment fee

If it's an exchange, both of these requirements are not met. On exchanges, you don't have access to the private keys thus you can't have full access to the "wallet". Exchanges usually have a big withdrawal fee, which is annoying for smaller payments. You can't change it. If the exchange suddenly disappears, you loose your funds and can't recover your balance. On wallets you can backup your private key and access it from anywhere else just thanks to it.

[AkaCrafterCZ 1140]

5 hours ago, hunasaloow said:

Own conversion platforms like bitcoin, dogecoin, electronium, Eneri, etc. But some coins can store other wallets. You can open an account in one of the famous online wallets like blockchain, binance, poloniex, coinbase, and you will find all the coins you need to store.

As I said earlier, exchanges themselves can be used as a wallet, but it's inconvenient because of the low security (you don't own the private keys) and withdrawal fees set by the exchange. Only blockchain.info is a considerably secured wallet. If you don't own the private keys (you can't export the wallet or make a backup), it's not safe and it's not a wallet - most of the times an exchange.

[Kamila 291]

of course not, many coins and tokens do not have their own wallets because they do not have enough money to create them, or they have deliberately abandoned this idea and just signed a contract with some wallets that have the ability to send and receive these coins/tokens.

[abualez 4106]

Well my friend, not all coins have special wallets. Some weak currencies do not have wallets, so we find some platform additions for some coins.

[Calvinpriva 17296]

No my friend, not all crypto coins have their own official wallets because it needs a good care in security so that it  can protect all money inside it, which its very hard for many coins owners and thats why they list them in other wallets.

[iloveyobit 6599]

On 4/2/2020 at 8:01 AM, ChilBran said:

Yes. They will have white paper and you can get the paper on their website. One of the first requisite of all new coin projects is to have a website. 

In fact, you are wrong, the market is full of quorum currencies, which do not have any real project or society and of course these currencies do not have an official portfolio to store currencies.

[ComeBackIsrael 185]

On 08.04.2020 at 13:38, Sunilkuma said:

Not all but many crypto exchanges has their own wallets . For example coinbase and blockchain has their own same named wallets . binance has their trust Wallet .

And how into the account of the exchange Yobit? She doesn't have her own wallet other than the bot in the telegram, so that's not true. 

[bliznec 22268]

You can find a suitable token on a certain exchange exchange and thus do not need to download a cryptocurrency wallet. 

[Ayush Singh 1175]

No its not true all the crypto coins doesn't have their own particular wallets the wallets are made for all crypto coins neither for a single because wallets need profit to sustain and with a single crypto coin ot can't earn a good profit. 

[Saj555 2250]

Not all the coins are able to hold a currency wallet but it is certain that the powerful currencies do have wallets of their own. The bitcoins ,etheruem ,litecoins all are the main currencies of the crypto world. I have seen that the etheruem only has a myetherwallet or electruem wallet for storing cryptocurrencies of its Thses wallets arr made for the better transactionsand secure storage of cryptocurrencies. So maybe this might be the possible answer for all the users why they own their own cryptocurrencies. . 

[IamLeader12 682]

of course not, only some coins have official wallets, and then usually coin creators agree with the creators of existing wallets that they will cooperate with this wallet.

[malik6314193 5449]

I don't think so because i saw many crypto currencies which have not any wallet. And by the way there many crypto currencies but we don't see such number of wallets. 

[Jaysen0104 536]

Some of coins have their own wallet some haven't specially to those coin that is popular and the most used coin in the market have their own official wallet.And i think the most popular coin have its own official wallet are bitcoin and ethereum.

[Soaib khan 1035]

On 4/13/2020 at 12:56 PM, abualez said:

Well my friend, not all coins have special wallets. Some weak currencies do not have wallets, so we find some platform additions for some coins.

that's true not all cryptocurrency has wallet some cryptocurrency works on existing technology like ethereum eos stellar but we have some cryptocurrency which has their own wallet like bitcoin ethereum litecoin matic etc.

[scorpiali 5626]

The majority of coins based on the blockchain of ethereum use the myetherwallet and ERC20 wallet to store his coins and dont have a her personal wallet ,so it's not necessary 

[Brand1 1336]

I do not think that there is such a thing, but there are special portfolios that are dedicated to storing strong currencies only and with a high price. As for weak currencies and symbols, there is only a portion of them that has special portfolios.

[scorpiali 5626]

16 hours ago, DoboniAyuuii said:

You are right, as many as erc 20 tokens, they make use of one official wallet which is myether wallet, which makes the answer to this question answered easily. 

After that if the token have a good future they can build his own blockchain and generate his own address and be independent of ethereum like Tron 

[Jami273 2020]

As far as i know,only the most popular coins and coins with highest marketcap has its own official wallet and it's number is not so big.Such as BTC,LTC,ETH,BCH,XRP etc has it's own wallet.And in case of token,it is totally unthinkable of its own official wallet.

Edited May 23, 2020 by Jami273

[Raqeebzy 6456]

All cryptocurrency either have their own wallet or use make use of wallet of the crypto whose blockchain they are built on, for example, all ERC-20 tokens uses the Ethereum wallet as they are built on Ethereum blockchain.

[Treat1234 0]

If all coins have their own official wallet there will be a lot of wallet I don't think so because there are thousands of crypto coins and there are only few legit wallet you can store your coins.

[Jessica Karren 1242]

Some of the coins have their own wallets like Bitcoin or ethereum, all coins don't have their own official wallets. We can use different wallets to store other coins, there are many wallets which can support multiple cryptocurrencies.

[AmjadBydn 0]

I think no one will be hacked if he or she didn't give them the information about it! Or he or she didn't opened a strange link!  I think we can't do anything if we get scammed! Because it's really hard to restore it

[Zaino34 0]

I do not think that because there is often a wallet that supports many currencies, and not every currency has its own wallet. If this matter was true, there would be a large number of portfolios equal to the number of currencies available, but this matter does not exist.