For now I have saved my Bitcoin in the hardware wallet. But since I have more than one hardware wallet, I am planning to save it to another one in case I have accumulated a decent or big amount of it. And yes I agree that we should never put all of our eggs in one basket, even if it’s a hardware wallet. We should be always prepared for any circumstances later regarding our BTCs.
That is the thing we are supposed to do as we don't know if we are the next target of these hackers. A sort of market anticipation and fund security seems to be our top priority just to give no way of these hackers to succeed in their evil works that actually become rampant nowadays. But I think this was not just the thing we do, we also have to be more careful in using our PC/laptop when accessing our hardware wallet, we leave no trace for these people as every single mistake we made, that will be their chance. 
Topic: Have you saved your bitcoins in multiple wallets? - page 4. (Read 1102 times)
For now I have saved my Bitcoin in the hardware wallet. But since I have more than one hardware wallet, I am planning to save it to another one in case I have accumulated a decent or big amount of it. And yes I agree that we should never put all of our eggs in one basket, even if it’s a hardware wallet. We should be always prepared for any circumstances later regarding our BTCs.
As the saying goes dont keep your eggs in the same basket. So have you saved all of your btc in mutiple wallets\software?
The adage is true, so it's best not to keep it in just one wallet unless you don't have a lot of bitcoin.I don't have a lot of bitcoin, so there's no need to store them in many different wallets. But if I have 1, 2 or more bitcoin then I think storing them in some offline wallet is a good choice. So far the hardware wallet is the recommended storage wallet for those of you who have large amount of bitcoin, don't ignore it and the most important thing is to backup seeds and private key offline.
But I like saving bitcoin and several altcoin assets on exchange market, easy for selling when price suddenly pump witjout have to move exchange account when trading.
This is convenient if you are an active trader, but there are definitely additional risks that can be avoided. Even if we are talking about an amount that is not a pity to lose, it can still be a loss of funds, which we do not need. You won't spend much time moving coins from wallet to exchange if needed, but it can save you money.
I think splitting your bitcoin in a multiple wallet is a nice idea, but I believe if you don't really have much bitcoin I don't really think is necessary. For me now have been holding bitcoin for few years now and have been holding in just a single account, actually am still buying more bitcoin with the extral cash am having because I believe I don't really have enough bitcoin yet, but maybe later whenever am satisfied with the amount of bitcoin am having I can now split it into multiple accounts or maybe I will split in very soon.
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?
Well, for me, since i doesn't have more savings with me, I prefer to have 1 wallet but if you have plenty of savings and bitcoin with you and you prefer to have more wallet address?Then it is your choice. Whatever makes you comfortable will do.
Keeping a large amount of Bitcoin in a single wallet can attract potential criminals. Most criminals are familiar with cryptocurrencies and accessing multiple wallets might be more difficult than a single wallet. And when they access a single wallet and see lots of funds, the wallet owner becomes a prime target. But when Bitcoins are splinted into different wallets, the amount in each one might be insignificant to criminals.
Well, potential criminals probably wouldn't know since you could effectively use multiple addresses. Plus, it entirely depends on how you're using the wallet in the first place. Broadcasting that you have any significant amount of money probably isn't the best idea, hence why reusing addresses isn't recommended. Although, we all pretty much do it out of laziness/convenience. But I like saving bitcoin and several altcoin assets on exchange market, easy for selling when price suddenly pump witjout have to move exchange account when trading.
Even then though, that's opening you up to what I would consider unnecessary risk. Instead, you could just have a wallet Electrum, Bitcoin Core or whatever one you own the coins on, have it online with the same amount you're willing to risk, and transfer it to the exchange when need be. It would take like 10-15 minutes more, and a small fee. However, that additional time/cost will benefit security. 
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?
Is not necessary to save your bitcoin for different wallet, is your choice but it is not matter of insecurity or security purposes. If you want to save all your Bitcoin in one wallet. This wallet is secured and it will be difficult before somebody can remove your bitcoin without knowing your seed phrase. So below is recommendableI 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?
(1) trust wallet
(2) electrum wallet.
(3) coinomi.
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?
It's a good idea to diversify your holdings in multiple wallets but according to me we should do that only if we hold lots of bitcoins.
I personally hold less than 1 BTC and so it's better for me to hold it in a single wallet. We should acknowledge the risks involved in holding bitcoins in multiple wallets.
The more number of wallets the higher chances of those particular bitcoins getting stolen.
Keeping a large amount of Bitcoin in a single wallet can attract potential criminals. Most criminals are familiar with cryptocurrencies and accessing multiple wallets might be more difficult than a single wallet. And when they access a single wallet and see lots of funds, the wallet owner becomes a prime target. But when Bitcoins are splinted into different wallets, the amount in each one might be insignificant to criminals.
Splitting up huge crypto funds can also enhance privacy because smaller transactions draw lesser attention than larger ones. It also helps to protect the Bitcoin market from unnecessary panic. Although, the identity of individuals involved in a Bitcoin transactions might be anonymous but activities in wallets is easily accessible. Hence, investors can see when a large quantity of Bitcoin is been transacted, this action can cause a spark panic among investors. Many investors out of fear might begin to dump their Bitcoin and this can impact on the entire Bitcoin market drastically. But when different wallets are used to move large funds, the impact might be mild. In summary, storing Bitcoin in a single wallet might be convenient, but is not a very good idea.
Splitting up huge crypto funds can also enhance privacy because smaller transactions draw lesser attention than larger ones. It also helps to protect the Bitcoin market from unnecessary panic. Although, the identity of individuals involved in a Bitcoin transactions might be anonymous but activities in wallets is easily accessible. Hence, investors can see when a large quantity of Bitcoin is been transacted, this action can cause a spark panic among investors. Many investors out of fear might begin to dump their Bitcoin and this can impact on the entire Bitcoin market drastically. But when different wallets are used to move large funds, the impact might be mild. In summary, storing Bitcoin in a single wallet might be convenient, but is not a very good idea.
I think it is a necessary action not only for bitcoin but we should use two or more wallets to store crypto assets, this will help us limit the situation of property theft, if we lose we only lose part of our property instead of all.
Storing on multiple wallets takes time and requires more room for us to store phrases, so if you have a large amount of bitcoins you should use it, if the amount of bitcoins is insignificant then I think it is not so necessary.
Storing on multiple wallets takes time and requires more room for us to store phrases, so if you have a large amount of bitcoins you should use it, if the amount of bitcoins is insignificant then I think it is not so necessary.
Is not necessary to save your bitcoin for different wallet, is your choice but it is not matter of insecurity or security purposes.
That's not true. There are definitely security benefits of separating funds. Even with hardware wallets which I pointed out above. Although, some are a little more hardened than others. The point is the vast majority probably don't have enough to justify going through these additional steps to secure their Bitcoin. If you've got a completely offline wallet, then you could argue there's no risk of losing it. However, that entirely depends on how you're storing the back up. Separating these doesn't necessarily mean you'll keep the second copy any more secure than the other.
However, there are definitely certain circumstances which separating funds will prove to be beneficial from a security stand point.
As the saying goes dont keep your eggs in the same basket. So have you saved all of your btc in mutiple wallets
definitely it is encouraged but one thing that must be ensured is that having multiple wallets addresses where your bitcoin can be accessed through does not guaranteed maximum protection against an attack on your coins, there's urgent need to secure the wallet keys and sensitive informations by not redering it to vulnerable attack, when you're security concious then it lower the ability to operate an attack on your wallet especially the keys to access your coins on the blockchain must not be taken on a levity hand or accessed by a third party, it is also good enough to make use of a decentralized exchange than a centralized exchanges whereby you don't own your keys which is another vulnerability on itself.
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?
Is not necessary to save your bitcoin for different wallet, is your choice but it is not matter of insecurity or security purposes. If you want to save all your Bitcoin in one wallet. This wallet is secured and it will be difficult before somebody can remove your bitcoin without knowing your seed phrase. So below is recommendableI 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?
(1) trust wallet
(2) electrum wallet.
(3) coinomi.
Why not just use one Ledger/Trezor hardware wallet? That's ample security already. And if you want to take it one step higher, probably use multisig with multiple devices, or the shamir secret sharing scheme. A Ledger Nano S is only like $70 or something.
I suppose physical security is something that should be considered. Especially if you're holding onto a lot of Bitcoin. As the saying goes, if physical access is given, assume your device has been compromised. I do believe there has been issues in the past with hardware wallets being compromised physically. Obviously, if you're going into the expense or time to get multiple wallets, they shouldn't be stored in the same place, that's quite obvious I hope. Although, the poll reflects what I would expect, most users don't actually need to have multiple wallets, and it all depends on your own personal threat model. Most of us don't have the amount of Bitcoin where setting up multiple wallets is worth it. Plus, most users aren't invested completely into Bitcoin, but rather have a small amount of their net worth invested.
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 think you miss understanding with don't keep your eggs in the same basket, actually don't all in your money on the same assets like bitcoin and separated your investment on several altcoin kinds. I think about holding or saving bitcoin better hold on exchange account like Binance, easy access when something bad happening to you than save on hard ware wallet. I use ans hold several assets on different exchange and have some assets on metamask wallet for keep hold on long term investment. 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?
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?
If this one doesnt talk millions of dollars then i wont really be bother on having multiple wallets which there's a tendency that you might forget some of those storage/address compared when you do only have one.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?
Less worries since storing up its PK would really be just one for you to mind off and wont really be that making yourself put in hassle on protecting PK's every wallet that you had made.
Not really that bad on being that too paranoid when it comes to your wallet security but there are things which do make things no too complicated for someone to do so.
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?
It's really a personal choice. If you have a lot of bitcoins then for sure the safest thing to do is split them in different wallets, and eventually place those wallets in different places if we're talking about Ledger etc. You say you're amount is not that much, you are the only one to know what "not that much" means because depending on the country you live in and you salary for some people $1k could be a lot of money and for others $100k could be nothing special. 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 would like to know if the multibitcore wallet is a valid wallet? Does anyone know how to inform?multibitwallet.com
I didn't think of having 2 wallets for bitcoin because I am not a bitcoin trader type, just save and hold until I get a profit, I think 1 wallet is enough for my core wallet, the rest I use a wallet exchange to transact bitcoin
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