Topic: How many bitcoin address you have right now? why you have more than one? - page 6. (Read 8021 times)

I have 3 wallet and address different, each wallet have their respective functions, one wallet for trading, and one wallet for sig camp and one more for faucet

I have made a total of 20 or so addresses just for the sake of jumbling and rumbling my balance on different addresses, so as to minimize the 'taint' it leaves on the blockchain. At first I don't get why the bitcoin wiki advised not to use the same wallet over and over again, but as time passed by, I realized that it is indeed a much safer approach on keeping your balance compared to just one.

To solve this problem you should use a wallet program that keeps track of the "balance" of each of your addresses. A deterministic wallet is going to be the best solution for this (I like electrum) however, non-deterministic wallets will allow you to pre-generate addresses whose private keys you can save (and backup) prior to using. I would actually recommend against generating a new private key at the time you need a new address because best security practices say that you should have multiple backups of your private key or seed (you should have at least 3) in multiple locations (at least two) and it is difficult to do this at the time you need someone to send you BTC (presumably they will send the BTC as soon as they receive the address to send to).

I recently had to create/generate a new electrum wallet because my previous one was having performance issues due to the number of transactions associated with my xpubkey and the number of addresses that electrum was mum monitoring and it was difficult to get electrum to sync and needed to restart electrum almost every time I received a tx. It was actually pretty scary having to generate a new electrum seed and backing up the seed, it is something that I would personally like to avoid as much as possible.

---

to answer the question in the OP, between the three electrum wallets, two blockchain.info wallets, one multibit wallet and one armory wallet, I would estimate that I have well in excess of 1,000 addresses that have received at least one transaction and whose private key I control. If you were to add all the coinbase/bitfinex addresses that have received at least one transaction and that I would receive credit for BTC for any transaction sent to those addresses then the number could potentially increase to closer to 2,000 but I think that might be a bit of a stretch (I estimate that the number that includes exchange addresses would be under 1,500).

If someone does hack your wallet, all your addresses would also get hacked if you placed them altogether. It's 2015, is there anyone still not having a backup to their private key? There is no risk from hacking even if you reuse the address right now, it is only about the privacy.

Used to have a lot of cold storage addresses, merged them into 2 cold addresses now and I have ~4 normal use addresses with 1 of these being a heavy use address, reason being just for filtration purposes of different income methods and the heavily used address is just my general spending address.

Um.. excuse me sir, the OP asked about how many BITCOIN ADDRESS do you have, not how much Bitcoin do you have.

It's totally not safe for you, if someone hack your wallet or maybe you lost the private key then you will lose everything.

I have 2 cold storage wallets and 3 regular wallets for daily spending.

I use multiple wallets because i want to keep some of them private and others to use in public, like on this forum.

Just have one bitcoin address is enough to make me tired.  Bitcoin in my wallet is not more than 20K sathosi. But i don't give up

I only have 1 bitcoin address

That's a good idea to separate them. It is inspires me to do like that and keep spirit looking for bitcoin

At this moment I have 0.2 worth of bitcoins , I won it at a raffle promo.

Is is safer to have a few, one for each use?

I have a few,some on the exchanges also and they can change from time to time but I don't really need hundreds it's easier for me to just have a few.

I probably have almost near 100 since I have used always a different one each time, considering i have been in the game for a couple of years now and always have tried to never reuse addresses as most people should be doing, so yeah around that. I don't even keep track anymore.

The OP asking about Bitcoin address, not the wallet. Do you guys even know what is the different between Bitcoin "address" and Bitcoin "Wallet"?

I've got 3. One cold storage, one blockchain.info wallet and one hot wallet.

To people with more than 20 wallets: WTF.

I got around 4 or 5 online wallets, and one offline wallet I got on a PC

I got a couple online since that's where I'm putting the bitcoins I'll be using and the offline wallet is for saving and stacking up bitcoins.

I got multiple wallets for different reasons, I like to keep some things separate from the other so I know where the money is coming from on each account.

I like to do it this way, just because I like to have it organized like that and it's better to have multiple wallets, don't think it's safe to have all your bitcoins in 1 wallet

How much bitcoin address do you have and why you have to create more than one address?
[/quote]

I have two bitcoin address now. Once for Xapo, one for Blockchain. I usually use Blockchain for any transaction before this, but when i knew that Xapo didn't take any fee for transaction, thats why i created that wallet address. But, now, i use Blockchain again because all my payment  goes to this wallet.   

Right, every bitcoin address already exists.  It's simply that a keypair (private key, public key) combination is found. Because it's impossible to guess a private key, it's said that a person 'owns' the bitcoins.