Do you use multiple Bitcoin Wallets to store your Bitcoins?

quentincole32

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Quote from: Bliss04 on October 29, 2016, 01:07:22 AM

No i also use only 1 wallet , Xapo wallet
Trusted wallet with fast transaction processing.

online wallet? never mind , if you hold a large amount bitcoin any online wallet is never recommended. but well if you stored a little amount only. basically too much wallet could make you confused to figure out which one you are looking for later. but used 1 wallet only not a good decision , as you may face unexpected technical or non technical problem , who knows? so always used two wallets at least , 1 primary and the other to cover in case something bad happened.

Bliss04

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No i also use only 1 wallet , Xapo wallet
Trusted wallet with fast transaction processing.

rchstr

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Quote from: JeffBrad12 on October 29, 2016, 01:04:57 AM

Quote from: rchstr on October 28, 2016, 11:20:37 PM

i think 1 wallet is enough. its up to you though. making multiple wallets is confusing when you know your not organized with such wallet apps/site. just an opinion from me. have a nice day sir

everyone is already making any organizing for storing the data all of the wallet and i think what's will always be general things before making a lot of wallet for storing your funds. Wink

is there any application to do such things? or you just do it manually?

JeffBrad12

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Quote from: rchstr on October 28, 2016, 11:20:37 PM

i think 1 wallet is enough. its up to you though. making multiple wallets is confusing when you know your not organized with such wallet apps/site. just an opinion from me. have a nice day sir

everyone is already making any organizing for storing the data of all wallet and i think that's will always be general things before making a lot of wallet for storing your funds. Wink

chixka000

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I also do like the idea of having more than one wallet. Currently i am using coinsph wallet for cashing out good thing about it is that they do have a feature that connects coinbase wallet which is my wallet for trading. Another plus is that hey also have a mobile application

rchstr

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i think 1 wallet is enough. its up to you though. making multiple wallets is confusing when you know your not organized with such wallet apps/site. just an opinion from me. have a nice day sir

ashiqdey

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now I have only one Wallet to store all my bottom. i feel ready with one wallet because i am student and I don't have that much time to switch or log in to multi wallets for transaction. so 1 wallet servers me very well and I don't have too much amount to store in separate wallets.

bitkilo

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https://www.bitcoin.com/

Everyone should have at the very least a minimum of 2 wallets, a hot wallet and cold storage, even if you don't have a lot of coins you still need two.

Personally i used to try out every wallet released but don't have time for that anymore.
Now i have 3 main wallets, online wallet, Mycelium for phone and good old paper for the cold storage needs.

betohell

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Quote from: outatime1 on October 28, 2016, 04:43:41 PM

I keep some bitcoin on paper wallets. Some bitcoin I keep on an exchange to use for trading but I don't keep the majority of it on an exchange for security reasons.

yeah you can see a lot of events before that some exchange site to be a scam and you should be careful in using the funds in exchange, do not keep too long in the exchange

Chin Cheng

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Quote from: MTBTT on October 28, 2016, 05:59:38 PM

Quote from: requester on October 28, 2016, 11:46:09 AM

nope i use only one wallet to store my bitcoin because I have only few amount of bitcoin that if i store my bitcoin in 4 5 wallets then then each wallet will have pony 2 3 dollar. and i am not so rich that I could use multiple wallets to store huge amount of money.

Lol I think if you only have a little money you do not need to use a lot wallet, because it will only be bothersome and confusing,
try using one wallet safe enough

using one wallet online is not at all a safe method,you need multiple wallets and make sure you keep the large amount in a cold storage rather than a hot wallet

MTBTT

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Quote from: requester on October 28, 2016, 11:46:09 AM

nope i use only one wallet to store my bitcoin because I have only few amount of bitcoin that if i store my bitcoin in 4 5 wallets then then each wallet will have pony 2 3 dollar. and i am not so rich that I could use multiple wallets to store huge amount of money.

Lol I think if you only have a little money you do not need to use a lot wallet, because it will only be bothersome and confusing,
try using one wallet safe enough

neochiny

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Yes, I do use multiple wallets. Although admittedly some only have a few hundred bits while others, which I use more often would get majority of what I'll use for that week or so. I use 5-6 wallets. One in desktop, one is my local exchange, the others are blockchain, coinbase, crypto-pay and xapo(not much).

As we all know, never put all your eggs in one basket. Really can't be too careful especially with all the hacks going on. Also, I usually only put enough funds on web wallets which I would use for the week or for payments,shopping,etc. Can't hurt taking extra precautions. I've also been thinking of getting a more secure one like ledger or something. Haven't tried/stored in a paper one yet.

Shenzou

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I use 3 different wallets because it is much safer (imagine if your account gets hacked u lose all your bitcoin Cry

) but i use Xapo as my main waellet cuz it is faster

outatime1

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I keep some bitcoin on paper wallets. Some bitcoin I keep on an exchange to use for trading but I don't keep the majority of it on an exchange for security reasons.

wxa7115

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Bitcoin is GOD

I use about three wallets one in my phone so I could buy something in the real world with bitcoin, unfortunately it has gone unused so far, another for daily use and the final one where I store most of my bitcoin.

error08

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I'm using multiple wallet too, I think it safer than just one where you can put apart your bitcoin.
moreover, there are several options wallet available for that has it own advantages. I'm not a wallet expert, just using two of them like blockchain and xapo.

Mark02

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Quote from: ashiqdey on October 28, 2016, 12:12:08 PM

I am still so poor that I can't afford to store my bitcoin in separate bitcoin because to switch from account to account of various wallets. I am happy and i feel secure with one wallet only that is of blockchain.

Same here

I don't have that much bitcoin to store so I am only using one wallet and that is Coins.ph. Sadly, I have a limit on how much my transaction will cost since I cannot verify my Identity because I am still a minor and I don't have their required ID's for that. So, I am now earning and soon I will reach the quota for these wallet and I am planning to store the excess bitcoin in a separate wallet like Blockchain.io. I choose that because they are likely the same. In terms of security and other features

Shady

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Life is a game, you either play it or get played.

I chose Xapo a few years ago and don't regret it because of the additional features released over time.

Once Bitcoin goes up a bit more and remains stable it'll lead me to getting a debit card so I can travel abroad without fear of conversion fees.

In all honesty there's a lot to learn when using many wallets that may take time, but for those afraid of managing it all then 1 good web wallet will outperform all expectations.

People fear that Xapo doesn't provide the keys to each coin, despite this they provide security + full ownership to make up for it.

ashiqdey

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I am still so poor that I can't afford to store my bitcoin in separate bitcoin because to switch from account to account of various wallets. I am happy and i feel secure with one wallet only that is of blockchain.

requester

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nope i use only one wallet to store my bitcoin because I have only few amount of bitcoin that if i store my bitcoin in 4 5 wallets then then each wallet will have pony 2 3 dollar. and i am not so rich that I could use multiple wallets to store huge amount of money.

Topic: Do you use multiple Bitcoin Wallets to store your Bitcoins? (Read 10935 times)