Do you use multiple Bitcoin Wallets to store your Bitcoins? - page 7.

Oralmat

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Quote from: Shibashi Dogemoto on October 02, 2016, 02:58:42 AM

Quote from: dunfida on October 02, 2016, 02:53:02 AM

Quote from: asriloni on October 01, 2016, 11:01:44 PM

Quote from: youhgt2 on September 14, 2016, 03:35:13 PM

in present time i am using a single bitcoin wallet, actually i do not have much amount of bitcoin so that i can use multiple bitcoin wallets for security reasons, as one bitcoin wallet is enough for me in present time there i am not using multiple wallets.

Actually right, just for the little amount, are not need for making a multiple wallet for saving them, except if you're really love with your bitcoin, dude. the purpose of using multiple wallet for breaking your big amount into some part of amount.

True, theres no sense on having multiple wallets when you have only a small amount of bitcoin. Multiple wallets would be only ideal if you posses huge or large amounts so that you could able to partition it to lessen the risk of being complete broke when one wallet have a problem.

Yeah if you have small amount of coins then its good to go with a single wallet instead of going with multiple wallets as there is a chance that you may forget password in having multiple wallets.

Exactly small amount don't need a multiple wallet, but mostly members have a lot of amount of bitcoins, so that's why they refer to multiple wallets. Also i don't think that forget password doesn't matter, because now in that time, we have a a lot of work doing in laptop and i think all our accounts, and files have a password. So if we have multiple wallets, so forget password it doesn't happen.

dearbesz1219

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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

Well, I use multiple account actually. So that I still have other reservation to keep my bitcoin wallets. For me it is very safe and secure if I do that by myself actually.

croutonhexagon

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I have very limited amount of bitcoin that is only 0.18 bitcoin do I think for this much small amount I don't have top user multiple wallet and all my bitcoin i had invested in yobit for trading with cryptocurrency to make my extra profit with cryptocurrency. If you want you also can come to yobit for trading you could make much profit by trading.

Shibashi Dogemoto

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Quote from: dunfida on October 02, 2016, 02:53:02 AM

Quote from: asriloni on October 01, 2016, 11:01:44 PM

Quote from: youhgt2 on September 14, 2016, 03:35:13 PM

in present time i am using a single bitcoin wallet, actually i do not have much amount of bitcoin so that i can use multiple bitcoin wallets for security reasons, as one bitcoin wallet is enough for me in present time there i am not using multiple wallets.

Actually right, just for the little amount, are not need for making a multiple wallet for saving them, except if you're really love with your bitcoin, dude. the purpose of using multiple wallet for breaking your big amount into some part of amount.

True, theres no sense on having multiple wallets when you have only a small amount of bitcoin. Multiple wallets would be only ideal if you posses huge or large amounts so that you could able to partition it to lessen the risk of being complete broke when one wallet have a problem.

Yeah if you have small amount of coins then its good to go with a single wallet instead of going with multiple wallets as there is a chance that you may forget password in having multiple wallets.

Mastsetad

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Quote from: youhgt2 on September 14, 2016, 03:35:13 PM

in present time i am using a single bitcoin wallet, actually i do not have much amount of bitcoin so that i can use multiple bitcoin wallets for security reasons, as one bitcoin wallet is enough for me in present time there i am not using multiple wallets.

Same here, mostly people use multiple wallets for security reasons so that they don't have to pick up a complete loss of bitcoins if something happens to their wallet but as i don't have a lot of bitcoins so i'm not splitting my coins right now, if in future i felt doing that i surely would.

dunfida

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Quote from: asriloni on October 01, 2016, 11:01:44 PM

Quote from: youhgt2 on September 14, 2016, 03:35:13 PM

in present time i am using a single bitcoin wallet, actually i do not have much amount of bitcoin so that i can use multiple bitcoin wallets for security reasons, as one bitcoin wallet is enough for me in present time there i am not using multiple wallets.

Actually right, just for the little amount, are not need for making a multiple wallet for saving them, except if you're really love with your bitcoin, dude. the purpose of using multiple wallet for breaking your big amount into some part of amount.

True, theres no sense on having multiple wallets when you have only a small amount of bitcoin. Multiple wallets would be only ideal if you posses huge or large amounts so that you could able to partition it to lessen the risk of being complete broke when one wallet have a problem.

requester

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Nope I just use only 1 wallet that is official one from blockchain.info
And i have no trust in other wallet so i use only 1 wallet. And also I have only 0.03 bitcoin andv I don't care about that much less amount. Now i am just learning bitcoin and very soon I will be a bitcoin millionaire Tongue

I wonder when bitcoin wallet is secure so why people keep using so many wallets even some of which are scam and could run away with money anytime

severaldetails

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I would say it makes sense to store your savings in different wallets.
Of cours, they have to have all a same level of security.
So if one gets compromised by any reason, not all the funds you posess are gone.
But I do not think this is necessary for lower amounts.
Personally I have a few wallets, yes.

asriloni

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Quote from: youhgt2 on September 14, 2016, 03:35:13 PM

in present time i am using a single bitcoin wallet, actually i do not have much amount of bitcoin so that i can use multiple bitcoin wallets for security reasons, as one bitcoin wallet is enough for me in present time there i am not using multiple wallets.

Actually right, just for the little amount, are not need for making a multiple wallet for saving them, except if you're really love with your bitcoin, dude. the purpose of using multiple wallet for breaking your big amount into some part of amount.

hajimasan

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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

you are right . we can't trust one single thing . but we can use single wallet of bitcoin which is official wallet . there is no risk to loss bitcoin . because it is official trusted online wallet .

Theb

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Quote from: jonahmarieaton101 on September 23, 2016, 09:40:27 AM

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 used only used one bitcoin wallet in storing my bitcoin. Yes! Multiple wallets are good and safer in storing bitcoin but for now i would prefer to have one. I dont really need multiple wallet its beacause i have only low amount of bitcoin i own. But if my wallet are being hacked and all my bitcoins are stored their then it is my fault.

Also having 3 wallets, you might end up in confusion of your passwords, pin, and other verification process which is dangerous. Also if you are talking about safety you definitely must have different passwords in your 3 different wallets which you might end up mismanaging it as I myself right down my passwords and pin for every account which is dangerous for leaking information.

jonahmarieaton101

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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 used only used one bitcoin wallet in storing my bitcoin. Yes! Multiple wallets are good and safer in storing bitcoin but for now i would prefer to have one. I dont really need multiple wallet its beacause i have only low amount of bitcoin i own. But if my wallet are being hacked and all my bitcoins are stored their then it is my fault.

Slark

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It depends on how many bitcoin do you own. With low amount you don't necessarily need secondary wallet. But if your bitcoin stash is growing larger, you may thing about splitting your btc.
That will be good decision from security point of view. Also if you are using full validation wallet a good combo is to pair it with SPV local wallet or online wallet for fast access to your coins.

Xenophoto

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Yes, I actually use 2 bitcoin wallets. The one is on blockchain and the other one is on a local bitcoin wallet. The local Bitcoin wallet enables me to avail services online, there's some in the wallet website itself. You can pay bills, as well, on their website. I put some of my coins to another Bitcoin wallet and I won't touch it until the Bitcoin's price increases.

Theb

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Quote from: Vikingr on September 14, 2016, 03:33:01 PM

Quote from: virasog on September 14, 2016, 12:50:51 PM

Quote from: Cast12 on September 14, 2016, 12:30:41 PM

I'm using multiple Bitcoin Wallets ranging from desktop wallets to web wallets such as Coinbase and snapcard to store my bitcoins. I don't prefer wallets that change your bitcoin address every transaction because it is confusing to use since I didn't know whether or not if we can use the same address every time.

The Wallets which change address with every transaction, the previous wallet address can be used again as it is permanently associated with that wallet.

Yeah there is no any problem in using that wallets which changes the address for the member after transaction to that address, just like xapo and I like it more because with that we do not need any bitcoin mixer as it do that work for me.

Maybe he got confused about the blockchain confirmation page work. So many different wallet address that he might often see multiple transaction on just one confirmation. I also had that mistake at first I thought I was scammed but when I saw the tranasaction link I saw that the receiver is still waiting for the transaction to be confirmed 3 times before pushing through the sale.

youhgt2

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in present time i am using a single bitcoin wallet, actually i do not have much amount of bitcoin so that i can use multiple bitcoin wallets for security reasons, as one bitcoin wallet is enough for me in present time there i am not using multiple wallets.

Vikingr

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Quote from: virasog on September 14, 2016, 12:50:51 PM

Quote from: Cast12 on September 14, 2016, 12:30:41 PM

I'm using multiple Bitcoin Wallets ranging from desktop wallets to web wallets such as Coinbase and snapcard to store my bitcoins. I don't prefer wallets that change your bitcoin address every transaction because it is confusing to use since I didn't know whether or not if we can use the same address every time.

The Wallets which change address with every transaction, the previous wallet address can be used again as it is permanently associated with that wallet.

Yeah there is no any problem in using that wallets which changes the address for the member after transaction to that address, just like xapo and I like it more because with that we do not need any bitcoin mixer as it do that work for me.

jak3

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i have used maybe all of the light data wallets like bither,electrum,blockchain.info,coinbase,mycelium i liked some of them and some of them i don't well i belive that bitcoin core is too heavy for me to use and i do not think that i can download 80gb just to make a dam simple transaction

Bitcoinsummoner

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Quote from: virasog on September 14, 2016, 12:50:51 PM

Quote from: Cast12 on September 14, 2016, 12:30:41 PM

I'm using multiple Bitcoin Wallets ranging from desktop wallets to web wallets such as Coinbase and snapcard to store my bitcoins. I don't prefer wallets that change your bitcoin address every transaction because it is confusing to use since I didn't know whether or not if we can use the same address every time.

The Wallets which change address with every transaction, the previous wallet address can be used again as it is permanently associated with that wallet.

i never heard that there is wallet that every transaction its generate new address again.. this is just like in coinbase but not for every transaction its automatically generated. daily or weekly..

virasog

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Quote from: Cast12 on September 14, 2016, 12:30:41 PM

I'm using multiple Bitcoin Wallets ranging from desktop wallets to web wallets such as Coinbase and snapcard to store my bitcoins. I don't prefer wallets that change your bitcoin address every transaction because it is confusing to use since I didn't know whether or not if we can use the same address every time.

The Wallets which change address with every transaction, the previous wallet address can be used again as it is permanently associated with that wallet.

Topic: Do you use multiple Bitcoin Wallets to store your Bitcoins? - page 7. (Read 10935 times)