Topic: Have you saved your bitcoins in multiple wallets? - page 2. (Read 1102 times)
The main thing in this case is to be confident in this wallet. Otherwise, the result may be unpleasantly surprising, and then it will be more difficult to avoid losses.
I have multiple Exchange account and multiple personal wallet. Which wallet i use for different work in different time. I have some bitcoins in all my wallets. Although the amount of bitcoin is very small. However, if the price of Bitcoin goes up a lot, I will get a bigger account if I combine all those Bitcoins.This is a capital of my future he he
I was not so much concern about the multiple wallets but after reading so many replies in the favor to store bitcoins to store multiple accounts, i have decided to store my bitcoin in 3 to 5 wallets, dividing my bitcoin in each of them.
Though i do not posses one full bitcoin but still i think the amount which i have will be worth a lot more in future.
I have multiple Exchange account and multiple personal wallet. Which wallet i use for different work in different time. I have some bitcoins in all my wallets. Although the amount of bitcoin is very small. However, if the price of Bitcoin goes up a lot, I will get a bigger account if I combine all those Bitcoins.This is a capital of my future he he
I have multiple wallets , together with my local wallet in which my basis for daily using .
and it has been told for long that we must not save our funds in single wallet that is very risky and proven to be the main reason why there are hard hacking when it happens.
Maybe if we will put our funds safer this will be prevented .
and it has been told for long that we must not save our funds in single wallet that is very risky and proven to be the main reason why there are hard hacking when it happens.
Maybe if we will put our funds safer this will be prevented .
Depends on each person, If you are not sure about only storing it in one bitcoin wallet then it's not a bad thing to store bitcoins in several wallets. Maybe for those who plan to store bitcoins for a long time. The important thing is that the phrase seed is stored in a safe place.
As the saying goes dont keep your eggs in the same basket. So have you saved all of your btc in mutiple wallets\software?
I like to split with electrum air gapped and bitcoin core.
Should i make it 50:50 even though bitcoin core is always online?
The amount is not that much but i am thinking that if i make it to good amount of mbtc, it will be prudent to divide the amount.
Any OGs who can give feedback?
I like to split with electrum air gapped and bitcoin core.
Should i make it 50:50 even though bitcoin core is always online?
The amount is not that much but i am thinking that if i make it to good amount of mbtc, it will be prudent to divide the amount.
Any OGs who can give feedback?
Yes I am using multiple wallets to hold bitcoin. I am using Binance Exchange account especially for keeping bitcoin I also kept Bitcoin in the trust wallet.These two wallets seem to me much better for holding bitcoins. I can convert Bitcoin to USDT from here when Bitcoin is planned to be dumped.This is a very good thing for me so I kept Bitcoin using a Binance Exchange account.
Splitting your Bitcoin to a different wallet isn't bad actually. But it doesn't necessary if you can handle it properly. You may use your wallet on different devices and split simply. But I am not a fan of that. I hold my assets in Ledger those are for a long time. For a short time or trading, just use the exchange. That means I already split my funds. So better use a hardware wallet which is secure than wallet software. Even you don't need to split if you can secure your device and seeds.
I used to have my Bitcoin distributed 50:50. Half of it was stored in an exchange in order to be used for trading purposes, while the other half was stored at the online wallet I used to use. Currently, I've switched to Electrum and hold all my funds there, without actively trading. If you're planning to hold, having your Bitcoin in wallets is fine, but it's not convenient if you're a trader.
Can electrum wallets be hacked? someone who has a dead electrum wallet and the assets in the wallet can't be opened because they don't have a key if they can be hacked then the asset can be taken by his wife and children, I am very sure that the electrum wallet cannot be hacked unless holding the key carelessly.
I doubt that it could. I mean technologically speaking there could be some method that we do not know, but that would require a ton of stuff and I doubt that it would happen that way. I believe that we should be focusing a bit more towards reaching something personal in a level where exchanges could be trusted, and be individually solid for all of us and our family could get it if anything happens to us. Like if anything happens to me, my wife could open my laptop and get all of my coins, wouldn't really be a problem at all. Would take a while for her to figure it out, or maybe she won't even do it I don't know, but if she wanted to, it wouldn't take that much time, would take like 10 minutes max to figure it out.
As the saying goes dont keep your eggs in the same basket. So have you saved all of your btc in mutiple wallets\software?
I like to split with electrum air gapped and bitcoin core.
Should i make it 50:50 even though bitcoin core is always online?
The amount is not that much but i am thinking that if i make it to good amount of mbtc, it will be prudent to divide the amount.
Any OGs who can give feedback?
I like to split with electrum air gapped and bitcoin core.
Should i make it 50:50 even though bitcoin core is always online?
The amount is not that much but i am thinking that if i make it to good amount of mbtc, it will be prudent to divide the amount.
Any OGs who can give feedback?
Bitcoin Core, paper wallets & Trezor would be my advice to be honest. Split your stash up between those three methods & you won’t go far wrong. Obviously keeping your seed & encryption passphrase is your responsibility though.
As the saying goes dont keep your eggs in the same basket. So have you saved all of your btc in mutiple wallets\software?
I like to split with electrum air gapped and bitcoin core.
Should i make it 50:50 even though bitcoin core is always online?
The amount is not that much but i am thinking that if i make it to good amount of mbtc, it will be prudent to divide the amount.
Any OGs who can give feedback?
I like to split with electrum air gapped and bitcoin core.
Should i make it 50:50 even though bitcoin core is always online?
The amount is not that much but i am thinking that if i make it to good amount of mbtc, it will be prudent to divide the amount.
Any OGs who can give feedback?
I tried saving my BTCs in multiple addresses but in the end, I still sent them to our local exchange where it can be easily converted to cash, where the latter can be used for various payment of services or products. The only downside is, there are lots of KYC documents that are needed to be passed in order to avail these feature as this is considered the local exchange in our countries.
Generally, it is advisable to save your BTCs in multiple wallets in order to scatter and divide the risks but it is better to save them inside a hardware wallet for maximum security.
If we are talking about multiple Bitcoins then certainly splitting up is a good choice but don't overdo it because then keeping the seed will become bigger task then so just use few to split or even one can be better when you know you have the private keys safer and not exposed to only or intruders.
I also have different cryptocurrencies on different wallets 
You wont really be having any choice but to have different wallets specially if you do own different cryptocurrency which does have different blockchain which is understandable.But if you do own only one coin then there's no point on having multiple wallet specially if its a non custodial ones.Having only one wallet would really be enough or sufficient
but if you dont mind about spending fees on active transactions then go ahead or its your choice but if you dont like hassle then having one would be enough
but if you are paranoid with security then having multiples would lessen up the risk on losing all of your assets incase you do get hacked.
I also have different cryptocurrencies on different wallets
for now, I keep my bitcoins in 1 wallet, even the altcoins I have are like that. maybe it is quite risky, but when you are an investor, or a trader, then you need fast access to make transactions with the assets you have, especially if you are an investor.
what I'm talking about is an asset for investment and I develop it, while for savings, I keep it in a different place. however, it is not good to keep everything in one place. In addition, in the future, I plan to divide the assets I own in several places.
I have not seen any reason why i will split my bitcoin as investor, i have seen other users and people who is lamenting seriously that your bitcoin wallet you are to have it differently and keep your bitcoin, my question is while? My altcoins is same thing. If we are afraid of our coin not to be stolen, the place to keep it safe is not by creating different wallet to save bitcoin, the we are to Doug will still reach our way if their is any needful what I'm talking about is an asset for investment and I develop it, while for savings, I keep it in a different place. however, it is not good to keep everything in one place. In addition, in the future, I plan to divide the assets I own in several places.
for now, I keep my bitcoins in 1 wallet, even the altcoins I have are like that. maybe it is quite risky, but when you are an investor, or a trader, then you need fast access to make transactions with the assets you have, especially if you are an investor.
what I'm talking about is an asset for investment and I develop it, while for savings, I keep it in a different place. however, it is not good to keep everything in one place. In addition, in the future, I plan to divide the assets I own in several places.
what I'm talking about is an asset for investment and I develop it, while for savings, I keep it in a different place. however, it is not good to keep everything in one place. In addition, in the future, I plan to divide the assets I own in several places.
As the saying goes dont keep your eggs in the same basket. So have you saved all of your btc in mutiple wallets\software?
I like to split with electrum air gapped and bitcoin core.
Should i make it 50:50 even though bitcoin core is always online?
The amount is not that much but i am thinking that if i make it to good amount of mbtc, it will be prudent to divide the amount.
Any OGs who can give feedback?
I like to split with electrum air gapped and bitcoin core.
Should i make it 50:50 even though bitcoin core is always online?
The amount is not that much but i am thinking that if i make it to good amount of mbtc, it will be prudent to divide the amount.
Any OGs who can give feedback?
I only use electrum because I'm already comfortable with it. Although, yes, it's good to have different wallets so that if ever things go bad on the other such as having a system maintenance or something much worse such as being infiltrated or hacked, your assets won't be all at risk. That way, you also have a back up.
But as for me, one storage of bitcoin is enough because I've made it sure that it's already secure and won't be in any way be touched or bypassed by anyone. I've stored my seedphrase in a good platform and at the same time, I have my personal copy written down. As long as I make sure that everything is up to date and maintained well, I'm confident with where I am storing it.
I split my bitcoin investments in hardware wallets and keep them safe. I believe crypto exchanges are also a very option to keep your crypto safe
Maybe long term holder or real investor will save bitcoin on hard ware wallet but I use exchange wallet for saving bitcoin because take benefit for selling when bitcoin reaching higher price and buy back later when price drop. Secure when saving assets on hardware wallet because not any potential to be scam except with exchange, always have chance with the owner of exchange run away like Cryptopia and we can get back with our bitcoin assets. 
As the saying goes dont keep your eggs in the same basket. So have you saved all of your btc in mutiple wallets\software?
I like to split with electrum air gapped and bitcoin core.
Should i make it 50:50 even though bitcoin core is always online?
The amount is not that much but i am thinking that if i make it to good amount of mbtc, it will be prudent to divide the amount.
Any OGs who can give feedback?
I am using a specific account to collect Bitcoin.I saved my bitcoin in that particular wallet.Maybe different people have left their bitcoins in different wallets but I have saved my bitcoin in one account.I kept my wallet very secure. My wallet is unlikely to be hacked.I saved my bitcoin by hardware account. I like to split with electrum air gapped and bitcoin core.
Should i make it 50:50 even though bitcoin core is always online?
The amount is not that much but i am thinking that if i make it to good amount of mbtc, it will be prudent to divide the amount.
Any OGs who can give feedback?
I don't see the point of spreading Bitcoin on different wallet especially if you are using same wallet type such as Bitcoincore because in case your computer got infected by malware and cause some data leak to the hacker. Both wallet will be in danger since it's technically on same device unless you are using different device to open separate wallet then that is safer compared with just splitting your funds on same wallet especially if the amount is not that significant since it's just a waste of transaction fee if you are always splitting your savings in to wallet address whenever you have extra BTC.
Well, yeah physical isolation is always best. Although, you can achieve some reasonable security with virtual isolation, although it definitely isn't recommended when comparing physical isolation to virtual. For example, and I have starting to feel like a shill for this operating system, but Qubes OS does provide some pretty niffy features that would benefit a lot of Bitcoin users. You could effectively, have the inconvenience of a hot wallet, but in a offline wallet. So, easy copying addresses etc. - Buy Hardware wallet for your long term savings
- Use Electrum for your daily transaction.
Although, that's not to say that Qubes OS is the way to go forward. If you're serious about being your own bank, you should absolutely be using multiple wallets, stored in different locations. It's pretty simple, it increases your redundancy just in case one of your machines gets compromised. Honestly, offline wallets, and hardware wallets are likely most vulnerable to physical attacks, so you should be looking at that, and how to protect from physical threats.
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