Do you use multiple Bitcoin Wallets to store your Bitcoins? - page 14.

groll

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Quote from: itsmarkoc on June 29, 2016, 02:52:57 PM

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

Speaking of wallets if you are engaging in gambling please do not use coins.ph if you are from the Philippines. They are very strict if they found out you are using wallet in gambling activities they will block your account.
Anyway multiple wallets is indeed good since diversion of btc deposit is urgent just in case of a attack from hacker. If one wallet is hacked or blocked your other btc is safe on the other wallet

sk8LoremIpsom

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Quote from: ?? on ??

Quote from: sk8LoremIpsom on July 01, 2016, 04:53:42 AM

Well, what I did is that I only use 1 wallet. However, I am going to generate multiple private keys thru bitaddress.org. I still have to download the webpage of the bitaddress.org and run it locally on my desktop unit. Disconnected the internet and enabled all firewall for all application without exception both incoming and outgoing for I am using windows OS.
From hereon, those generated private keys from the bitaddress.org, will be then be imported to Electrum. Thus, as a result I only need one wallet but had multiple bitcoin addresses.

I do not use the auto generated phase seed of electrum for I strongly believe in the near future a powerful computer will have enough computing power to crack and generate those seed phases and expose all the 16 different addresses or more along with it.

Having a private keys is edge since this is supported on most light client and full client nodes.

16 different privkey? sounds nitemarish

In lightweight client: Electrum, after generating the phase seed, automatically by default a 16 unique BTC addresses are generated for. All of which were generated from the public key as its seed. The public key is generated from the private keys as its seed in generation. While private is generated from the phase seed. A secret phase seed.

Wandering Soul~

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Wolf

Yes 2 walets for bitcoin. And one wallet per altcoin

carlisle1

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Quote from: itsmarkoc on June 29, 2016, 02:52:57 PM

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

yes i am 2 different wallets the other one is the xapo wallet i used it to store my earnings from their faucets and their bitcoin apps . and my main wallet is used to keep all my earnings from xapo and signature campaign and i also used it to cashout my btc and convert it to fiat .

densuj

legendary

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I use two wallets online and offline wallet, i use two wallets because for security reasons. Never put the eggs on one basket. Never put bitcoin on one wallet.

itsmarkoc

newbie

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Thanks for the great feedback guys, appreciate it. I totally agree with each and every one of your points raised.

robelneo

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Quote from: itsmarkoc on June 29, 2016, 02:52:57 PM

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

I think this is practical and recommended,safety should be your main concern since Bitcoin can be considered a form of investment so any amount is important and if it is an investment it should be secured and having it divided into some wallet is highly recommended

Daneric

full member

Activity: 224

Merit: 100

To remain safe and relevant in the bitcoin market, one needs to have more than one wallets. I was once a victim of bitcoin hacking and i lost close to 3 bitcoins to a hacker. Could it have been that I had only one wallet, I could have lost everything to the hacker. Lucky enough, the wallet that was hacked was the one with less bitcoins.

wadili89

legendary

Activity: 1106

Merit: 1000

i store all on my bitcoin in one account but multiple wallets yes with the coinbase i can do this inside one coinbase account i can have multiple wallets and can manage them very easily and move money between my wallets and also there are some other rich features conbase providing but sometime they can also ask for you to provide your documents if they find anything suspicious in your account

dinda22

legendary

Activity: 1232

Merit: 1000

yes I am using several wallets to save my bitcoin.

The main reason was to avoid something bad, when I got hacked.
and sometimes some wallet is always susceptible to interference, so that alternatives can use another wallet.

unamis76

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It's kind of mandatory that you do it. I think every user should at least have a wallet for daily spending and one for cold storage. The most practical thing is probably having three wallets, cold storage, daily spending wallet on the phone and daily spending wallet on the computer...

sk8LoremIpsom

newbie

Activity: 25

Merit: 0

Well, what I did is that I only use 1 wallet. However, I am going to generate multiple private keys thru bitaddress.org. I still have to download the webpage of the bitaddress.org and run it locally on my desktop unit. Disconnected the internet and enabled all firewall for all application without exception both incoming and outgoing for I am using windows OS.
From hereon, those generated private keys from the bitaddress.org, will be then be imported to Electrum. Thus, as a result I only need one wallet but had multiple bitcoin addresses.

I do not use the auto generated phase seed of electrum for I strongly believe in the near future a powerful computer will have enough computing power to crack and generate those seed phases and expose all the 16 different addresses or more along with it.

Having a private keys is edge since this is supported on most light client and full client nodes.

dothebeats

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I use a paper wallet for some of my coins generated from bitaddress.org offline and for spending or buying stuff online, I use Mycellium and blockchain.info for fast liquidity and such. I only put a small amount in my blockchain wallet, just enough for me to buy something I want or need.

pandalion98

sr. member

Activity: 504

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I personally use only one wallet, which is blockchain.info. I have Mycelium on my phone but this is for backup only (in case I need to receive BTC on the go). After I get home, I usually sweep my Mycelium wallet into the blockchain one.

As a precaution, I have encrypted copies of my privkey stored on different places/devices/cloud services. Luckily, I can keep track of everything so a copy doesn't go AWOL and end up on my neighbor's phone.

Facilitator

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I use two bitcoin wallets. One is for saving. Whenever I have accumulated enough, I will send to that wallet. The other one is for receiving and spending.

sulendra12

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I used blockchain.info >> For receive payment and mid-wallet with coinbase
And coinbase >> This for buy and sell things , and store my bitcoin for hold
Hmm , i prefer coinbase than blockchain . Because i knew coinbase than blockchain . So i like to use coinbase

Dr.Osh

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Well, first I used two of my bitcoin wallet to store, one walelt bitcoin I used to get for free, such as the signature campaign, and faucet. and wallet were only to save bitcoin I get from the business, such as investment or trade, but now I only use one wallet, because it is very inconvenient

bitraine

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Activity: 348

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i only use two wallets, blockchain.info for my savings and a local wallet which is coin.ph to withdraw real cash. maybe i will try to use other wallet as well if have a big sum of bitcoins, i heard electrum and armory is best in terms of security.

Jeremycoin

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𝓗𝓞𝓓𝓛

You are definitely right, storing all of your Bitcoin in one wallet is a really bad idea. If you want to safe a big amount of BTC, you should safe it in a cold storage. But for spending it, you can safe it in a mobile phone wallet.

serjent05

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I use multiple bitcoin wallet to store my bitcoin. I feel safer that way. And besides wether it is intentional or not I am already storing it in multiple wallet since im sending some BTC to online exchanges and trade with it. Anyway if you ask me what Im using, I have the bitcoin wallet, the electrum, multibit.

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