Thank you for those responses
Just for the record, is it allowed/ideal/smart to have multiple wallets on a single device. Just like in Electrum for instance, can i have multiple wallets on Electrum in order for me to divide my BTC so that if my accnt was hacked (I hope not
) not all of my BTC will be stolen.
Again, i just want to emphasize, is it
allowed/ideal/smart to have
multiple wallets using
Electrum on a
single device?
It's allowed sure but no it's not smart to keep everything in one place, after so many scams and hacks over the years, diversification is the key, and my rules are simple.
1. Never keep more bitcoins on
any website than you are happy to shrug off if lost, so blockchain.info or exchanges, maybe
BTC0.1
2. Keep a slightly larger amount in a secure local wallet, Electrum, Core, Mycellium etc, maybe
BTC0.1 -
BTC1
3. The rest or bulk in some form of cold storage, be it paper or hardware or both, maybe
BTC1+
You can adjust the figures to what you feel comfortable with.