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Topic: Do you use multiple Bitcoin Wallets to store your Bitcoins? - page 12. (Read 10935 times)

hero member
Activity: 616
Merit: 603
Yes I use multiple wallets and always prefer using multiple wallets just to be on a safer side, incase I lose funds on one, I still would have few on another and not lose all of it. Also, I always prefer offline desktop/mobile wallets instead of web wallets. I use electrum on my linux environment and Breadwallet on iOS and Mycelium on Android.
hero member
Activity: 658
Merit: 500
yes I use multiple bitcoin address to ensure the confidentiality of my transactions. I want my transaction awake.
and a wealth of information about me safe.
i do that too, even though i have nothing to hide it is still better to just hold it in different wallets as it gives way more anonymity and i like it
hero member
Activity: 3010
Merit: 629
Yeah im using multiple wallet xapo and our local wallet coins.ph, its good to store your bitcoin in not just one place to make sure it wont be hack and to avoid risk. coins.ph wallet banned your acount if they found out you are receiving bitcoin in gambling site, so to be able to gamble i need my other wallet.
sr. member
Activity: 259
Merit: 250
i'm using multibit which allows you to have several wallets. its very easy to use and light weight. i have couple of wallets for different purposes.
legendary
Activity: 1638
Merit: 1163
Where is my ring of blades...
yes I use multiple bitcoin address to ensure the confidentiality of my transactions. I want my transaction awake.
and a wealth of information about me safe.

Having a more confidential transactions is one good reasons to have a multiple wallet.

Well last time I commented on this post I mentioned that it is for the reason of adding security to bitcoins against attackers.

At this point I would like to add that I use multiple wallets since other wallets are not accepting bitcoins coming from gambling.


having multiple bitcoin addresses is not the same as having multiple wallets. and "a more confidential transactions" or more anonymity can be reached with simply having one wallet and using each bitcoin address only once (as satoshi has suggested).
and the only security that can provide you is the anonymity so attackers can't come to your house and beat you to get your private keys Smiley
hero member
Activity: 952
Merit: 503
i think multiple bitcoin wallet is better to store your bitcoin because many people scared from hacker if a person try to hack any account then you do not lost your all bitcoin.
sr. member
Activity: 336
Merit: 250
yes I use multiple bitcoin address to ensure the confidentiality of my transactions. I want my transaction awake.
and a wealth of information about me safe.

Having a more confidential transactions is one good reasons to have a multiple wallet.

Well last time I commented on this post I mentioned that it is for the reason of adding security to bitcoins against attackers.

At this point I would like to add that I use multiple wallets since other wallets are not accepting bitcoins coming from gambling.
legendary
Activity: 854
Merit: 1000
Hey guys,

I was wondering if you keep all your bitcoins in one wallet, or do you use multiple providers/accounts?

I am currently using 3 different wallets, it kinda feels safer not to store everything in once place...

Thoughts?

MC  Smiley
It is always a good idea to keep your coins in different wallet to prevent any loss in some untoward incidence.Keeping bitcoin offline is much better though than keeping them online
legendary
Activity: 1148
Merit: 1000
I like things simple, neat and efficient so I only have one wallet that I use. I do have Electrum installed on my PC but I only use it for transactions not permitted by Coinbase, like sending coins to LocalBitcoins. It's just a lot more convenient for me to have all of my coins in one place online. It means I can access them from any browser anywhere in the world  Smiley
legendary
Activity: 1134
Merit: 1598
Nah.. I prefer just one, but secure. I've been using Blockchain for years now, and never had problems with it. Just changing the password regularly and securing my account made it be as secure as I wanted it to be.

The only 'problem' I had was that I've used a script for PrimeDice which stole my winnings. But that has nothing to do with my wallet not being secure - it was just me being stupid.
hero member
Activity: 854
Merit: 500
Hey guys,

I was wondering if you keep all your bitcoins in one wallet, or do you use multiple providers/accounts?

I am currently using 3 different wallets, it kinda feels safer not to store everything in once place...

Thoughts?

MC  Smiley

That's good. But be sure to know these different wallets. Because if you forgot your own password. That will be a great mess. Multiple wallets is useful if you know how to handle it. And just to be secure, different accounts, different passwords. We all know that there are also hackers who can hack your own account so make sure to keep it, never share it, and always think twice on giving/logging in your own account to anyone.
hero member
Activity: 896
Merit: 514
yes i use multiple bitcoin wallet to store your bitcoin and i think one bitcoin wallet is too much risky , there is so many benefits to use multiple bitcoin wallet its too secure from robber because maximum people using multiple bitcoin wallet.
hero member
Activity: 910
Merit: 501
Of course I do that.
I have several wallets to store my coins.
A simple way of risk management.
That way not all is lost if one wallet gets compromised.
legendary
Activity: 3038
Merit: 4418
Crypto Swap Exchange
Holding multiple wallets for bitcoin storage is very important. Given the nature of transactions and security involved in the blockchain, it is important to have several wallets. This helps to cushion one against acts of hacking where bitcoins can be stolen. If you have bitcoins stored in different wallets, you can not lose all of them unlike if you have them in just one wallet.
You would still get hacked if your computer gets compromised.

Using several distributions of Bitcoin wallets can be useful if a zero-day exploit is found and it doesn't affect all the wallets. The most common issue is the RNG and it happened to Android wallets once. Yes, it affected nearly all of them. It isn't that possible for a wallet to get compromised without the computer having a malware since most are debugged and checked hundreds of times for exploits.
full member
Activity: 224
Merit: 100
Holding multiple wallets for bitcoin storage is very important. Given the nature of transactions and security involved in the blockchain, it is important to have several wallets. This helps to cushion one against acts of hacking where bitcoins can be stolen. If you have bitcoins stored in different wallets, you can not lose all of them unlike if you have them in just one wallet.
hero member
Activity: 938
Merit: 501
I use multiple paper wallets to store the bulk of my bitcoin holdings. The rest balance that I need for purchases and transactions I hold in my blockchain.info wallet.
legendary
Activity: 1162
Merit: 1000
yes I use multiple bitcoin address to ensure the confidentiality of my transactions. I want my transaction awake.
and a wealth of information about me safe.
legendary
Activity: 3234
Merit: 1214
Vave.com - Crypto Casino
I prefer multiple bitcoin wallets. Each for different purpose, form long time holding I prefer the localbitcoins wallet which is highly secure though its an online wallet. Form regular transactions prefer Blockchain.info, as it have got the best interface for easy access.
hero member
Activity: 1694
Merit: 502
★Bitvest.io★ Play Plinko or Invest!
Its better to say that I`m using multiple casinos to store my coins. Cause I have some coins in every almost every casino, and when I`m empty on one I play on other, and like that in circle. I use wallet just when I make some big win, or when i plan to cash out or buy something then I use wallet to gather coins from all sites.

I still enjoy in spending my coins, and for now I don`t have any plans to save coins. I use one wallet and I will not change it for now, it suits my needs very good. Multiple wallets will just confuse me.
sr. member
Activity: 644
Merit: 261
I have two different wallet as of now and both of it are online. One is use for earnings, buy stuffs and for payment for other services while the other is use for cashing out to fiat. I just have a small amount of bitcoin right now so those two are enough but if I already accumulated a significant amount then I will add another wallet that's not online.
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