Do you use multiple Bitcoin Wallets to store your Bitcoins? - page 4.

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Quote from: kidoseagle0312 on October 16, 2016, 07:49:08 AM

Quote from: itsmarkoc on June 29, 2016, 03:52:57 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 used multiple accounts to store my bitcoin. It is because I want to secure it perfectly, I am much confident and had a peace of mind too if I'm the one who manage and taking care my own bitcoin.

Every smart people should have different wallet online, that is to minimize the risk as we cannot see the future, it could be stolen and all our investment are gone, you do not call it a savings instead so it is just good to diversify it.

kidoseagle0312

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Quote from: itsmarkoc on June 29, 2016, 03:52:57 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 used multiple accounts to store my bitcoin. It is because I want to secure it perfectly, I am much confident and had a peace of mind too if I'm the one who manage and taking care my own bitcoin.

buddu

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I stated by using blockchain.info wallet as that time it was sufficient for my needs and for a good period of time I was having only wallet which is online. Later on I also downloaded desktop Bitcoin's wallet to have main funds in my own possession. I secured my wallet with every necessary actions and these two wallets are in my use.

croutonhexagon

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No i love blockchain and i use only 1 wallet to store my bitcoin. Yes i have less bitcoin but even if I had much more amount then also i would have used only 1 wallet. It makes me happy when i see huge amount in 1 wallet then to see separate wallets.

1Referee

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Quote from: requester on October 16, 2016, 06:17:07 AM

I don't know why some people use many wallets.i am satisfied with blockchain wallet. i feel total secure work blockchain wallet because it's official one and other wallet makes me fear of scam. i know they will definitely scam asu some stage.

Not sure if you have heard it already, but blockchain.info has been in the news recently as hackers gained access to user accounts. This just shows that nothing stored on the internet is safe. That's why you should always have your coins in your PC instead of having a third party control them.

requester

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I don't know why some people use many wallets.i am satisfied with blockchain wallet. i feel total secure work blockchain wallet because it's official one and other wallet makes me fear of scam. i know they will definitely scam asu some stage.

peta4e

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Yes I do use multiple bitcoin wallets to store my bitcoins as it can diversify the risk of loosing them, as may be I can loose them with my own mistake or may be hackers hack my wallet, so its better to put them at different places.

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Quote from: darety1 on October 16, 2016, 03:09:32 AM

Of course is better to use at least two wallets for keeping bitcoin, it's really safe. Why not if its not so hard to do it and it's working.

yeah , but still with single wallet you can create multiple adress and then by saved its private keys in a safe place you can make a better safest wallet . and your btc will not go anywhere . you will manage it safely .

electronicfactura

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I do believe in decentralization and don't put all the eggs in same basket. I am using at the moment four wallets for different tasks from storing my Bitcoins though the quantity is not very big but for me it is. For gambling purposes is separate wallet and for money transfers and other things to deal is totally different wallet. I don't mix them up with one another.

darety1

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Of course is better to use at least two wallets for keeping bitcoin, it's really safe. Why not if its not so hard to do it and it's working.

densuj

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I used 2 wallets they are jaxx.io and mycelium, actually for bitcoin's wallet i just used mycelium and jaxx.io be used for altcoins. I could made sign massages on mycelium wallet and i could saved many altcoins on jaxx.io. between jaxx.io and mycelium there are deficiency and advantages.

Blitzboy

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Yes, i do use many different wallet to store my bitcoin. It is more secure than using only one wallet. If someone hack your wallet which contains all of your bitcoin, you might lose everything. You can prevent this situation by split your bitcoin into many parts and keep them in various wallet like i do

blackmachinegun

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Quote from: xuan87 on October 15, 2016, 07:23:43 AM

I think it is safer to distribute your coin to a different wallet, putting all of your coin in one wallet is not recommended, plus using multiple wallet going to give you knowledge about the advantage and disadvantage of different wallet, and by using different wallet you are going to have better coin management

yeah I agree with you in addition you will gain knowledge about the wallet you will also get a higher security when using many wallets, I think not a problem to be confused because it has a lot of purses, at least you minimize the risk of losing bitcoin

abel1337

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I have four different online wallets,But I am using only two wallet as my main wallet for sending and recieving transactions. My 2nd wallet is for giveaways, lottery wins, and my winnings for gambling. my other two wallets are inactive cause i dont have a purpose to use them.

qiwoman2

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I think it is not only smart but mandatory to use more than one bitcoin wallet. I also had to join another api today because one program on internet is launching and I need to use this api for storing my btc for this new program, so always adding more processors, apis and wallets lol.

springgers

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Smart guy. If you have big amounts, that's the best way...
Well, multiple paper wallets sounds a nice way to keep you money safe. I think one Bitcoin in each wallet is good enough.

Superzpay

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Yes I am using multiple bitcoin wallets to store my bitcoins because I do not like to put all my bitcoins in one place as I do not want to lose all my bitcoins if any place get hacked.

Robertqueen2

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I still use online wallet, and I didn't think in using PC wallet, but after the last hijack of Blockchain DNS I changed my mind, I decided to save the greatest amount of my Bitcoin in a PC wallet, and will keep some coins in Blockchain for the important deals. I think this is the best solution to avoid losing my money.

xuan87

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I think it is safer to distribute your coin to a different wallet, putting all of your coin in one wallet is not recommended, plus using multiple wallet going to give you knowledge about the advantage and disadvantage of different wallet, and by using different wallet you are going to have better coin management

caxandra

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I too do the same and keep in different PC wallets, I think it's relatively safer and the possibility of a program closing or crashing in the same time, Although if your PC is compromised then all of them are at risk unless you are securing them with a password and keep the keys encrypted.

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