How many bitcoin address you have right now? why you have more than one? - page 7.

BellaBitBit

hero member

Activity: 756

Merit: 500

Quote from: LuckyYOU on December 05, 2015, 09:28:47 AM

I have a couple of online wallets because I believe it's safer to spread your bitcoins rather than having it all stacked up in 1 wallet

It's better to have it spread out.

Same for me. It took me awhile to branch out but I did and am glad I have multiple wallets.

tom555

full member

Activity: 210

Merit: 100

i just have one wallet,but it generate many bitcoin address,i also dont know why coinbase always change my address when i generate from wallet.
but i have many more from exchange,i have generate so many from exchange,its do by my self Grin

LuckyYOU

sr. member

Activity: 280

Merit: 250

I have a couple of online wallets because I believe it's safer to spread your bitcoins rather than having it all stacked up in 1 wallet

It's better to have it spread out.

Ryananda

sr. member

Activity: 812

Merit: 250

I only have 1 bitcoin address.
It is new and has never been altogether payout

27QVUTZj8rgZP1

full member

Activity: 152

Merit: 100

Quote from: mobnepal on November 29, 2015, 05:25:48 AM

...So creating many addresses doesn't seem to affect bitcoin network...

I think you do not "create" bitcoin addresses... They already exist.

Quote from: mobnepal on November 29, 2015, 05:25:48 AM

How many bitcoin address you have right now? why you have more than one?

I have four addresses:

1 for everyday, normal (re)use. The most active address.
1 for storing bitcoins for specific purpose.
1 for storing bitcoin for another specific purpose.
1 for storing bitcoin for another specific purpose, in "cold storage".

And that is how I organize my bitcoins.

I hate having my bitcoins in some "wallet.dat" file and having to use a different address every time as many suggest. This I'll never do, it is simply annoying.

1Referee

legendary

Activity: 2170

Merit: 1427

I guess I have around 30 wallets in use right now, of which around 20 wallets are to store my cold wallet coins. I like to spread my coins into plenty of addresses to make it difficult for any one to know how much coins I exactly have. That's the main reason.

Amph

legendary

Activity: 3248

Merit: 1070

Quote from: ranochigo on December 05, 2015, 05:15:47 AM

Quote from: Amph on December 05, 2015, 03:41:01 AM

Quote from: Blue_Tiger73 on December 05, 2015, 03:31:11 AM

Quote from: Jeremycoin on November 29, 2015, 06:12:57 AM

I have maybe 10 or more, I use more than one because I think it would be hard to track for my own safe.

Why do people need so many bitcoin addresses? Like isn't 10 addresses a bit much. Just use 1 or 2 as your cold wallet and then another 1 to keep your change in that you can use for gambling, trading and ask that kind of stuff.

talking about addresses here not wallet, they are used for anynomousity, for every new transaction you change one

there is also another reason why they are useful, because if your wallet get stolen, and then you create another address, this new address will not be in the hacker wallet, so you can safely send funds there again, without creating a new wallet

Anonymity wouldn't be achieved if you don't use a wallet like Bitcoin Core which allows users to select inputs. If the wallet doesn't allow, the address could be spend linked together.

It would depend on what wallet type it is. For HD wallets, the address generated are predictable and hence a new seed would be required.

I find it confusing if I were to use one address for example loans. It would be hard to tell who repaid. Hence, I create 10 addresses and assign them to different loans.

yeah in fact i'm using only core for this type of thing, i don't like spv client, but armory interest me since it's core plus other useful thing

ranochigo

legendary

Activity: 3038

Merit: 4418

Crypto Swap Exchange

Quote from: Amph on December 05, 2015, 03:41:01 AM

Quote from: Blue_Tiger73 on December 05, 2015, 03:31:11 AM

Quote from: Jeremycoin on November 29, 2015, 06:12:57 AM

I have maybe 10 or more, I use more than one because I think it would be hard to track for my own safe.

Why do people need so many bitcoin addresses? Like isn't 10 addresses a bit much. Just use 1 or 2 as your cold wallet and then another 1 to keep your change in that you can use for gambling, trading and ask that kind of stuff.

talking about addresses here not wallet, they are used for anynomousity, for every new transaction you change one

there is also another reason why they are useful, because if your wallet get stolen, and then you create another address, this new address will not be in the hacker wallet, so you can safely send funds there again, without creating a new wallet

Anonymity wouldn't be achieved if you don't use a wallet like Bitcoin Core which allows users to select inputs. If the wallet doesn't allow, the address could be spend linked together.

It would depend on what wallet type it is. For HD wallets, the address generated are predictable and hence a new seed would be required.

I find it confusing if I were to use one address for example loans. It would be hard to tell who repaid. Hence, I create 10 addresses and assign them to different loans.

Amph

legendary

Activity: 3248

Merit: 1070

Quote from: Blue_Tiger73 on December 05, 2015, 03:31:11 AM

Quote from: Jeremycoin on November 29, 2015, 06:12:57 AM

I have maybe 10 or more, I use more than one because I think it would be hard to track for my own safe.

Why do people need so many bitcoin addresses? Like isn't 10 addresses a bit much. Just use 1 or 2 as your cold wallet and then another 1 to keep your change in that you can use for gambling, trading and ask that kind of stuff.

talking about addresses here not wallet, they are used for anonimity, for every new transaction you change one

there is also another reason why they are useful, because if your wallet get stolen, and then you create another address, this new address will not be in the hacker wallet, so you can safely send funds there again, without creating a new wallet

Blue_Tiger73

member

Activity: 112

Merit: 10

Quote from: Jeremycoin on November 29, 2015, 06:12:57 AM

I have maybe 10 or more, I use more than one because I think it would be hard to track for my own safe.

Why do people need so many bitcoin addresses? Like isn't 10 addresses a bit much. Just use 1 or 2 as your cold wallet and then another 1 to keep your change in that you can use for gambling, trading and ask that kind of stuff.

milewilda

legendary

Activity: 3094

Merit: 1127

I just have 10 address to receive money from various sources. The number will increase in the future when I have more income.

davinchi

legendary

Activity: 2100

Merit: 1058

Quote from: steveds on December 05, 2015, 02:54:02 AM

Quote from: mobnepal on November 29, 2015, 05:25:48 AM

How much bitcoin address do you have and why you have to create more than one address?

They say it was said by Satoshi to "use the address once and discard it " ,other than that it is much difficult for people to track you and you could keep track of all the deals you have ever done (by labeling the address) if you create a new address per transaction.
I got around 400~ maybe.

I do not know how people are managing many bitcoin addresses. I have created 10 addresses using multibit, but 7 of them still unused. I do receive facuet payments and my signature campaign payments are all in one address and I could not find any advantages of using many addresses.

JamesPPM

member

Activity: 66

Merit: 10

3 Addresses, Just because it's very easy to make more than one, no specific reason for having more than one though.

steveds

legendary

Activity: 966

Merit: 1000

Quote from: mobnepal on November 29, 2015, 05:25:48 AM

How much bitcoin address do you have and why you have to create more than one address?

They say it was said by Satoshi to "use the address once and discard it " ,other than that it is much difficult for people to track you and you could keep track of all the deals you have ever done (by labeling the address) if you create a new address per transaction.
I got around 400~ maybe.

ajrah

sr. member

Activity: 350

Merit: 250

If you are using Coinbase to store your coins, most likely you'll have more than 1 BTC address as Coinbase generates new BTC address for every transaction. I think having 2-3 BTC address is enough. I have 2 BTC address, 1 from Coinbase and 1 from Blockchain

yoona

sr. member

Activity: 493

Merit: 250

Live by your own rules

I have mycellium wallet = 1 address .
I have blockchain wallet = 1 address .
And yesterday i just tried new wallet bitgo . So total i have 3 address. I only used mycellium wallet , the other not often.

ajun96

hero member

Activity: 658

Merit: 500

ago, when i still play faucet
i have many wallet and many address, it is a help to get a lot of satoshi, in one hour, I could make hundreds of claims by many addresses,
but now I only have 1 address

Blue_Tiger73

member

Activity: 112

Merit: 10

Quote from: Newcoins2020 on December 01, 2015, 09:39:46 AM

Quote from: jt byte on December 01, 2015, 09:10:53 AM

I have more than 20 Bitcoin address, sometime is just pain in the ass to control wich is what.

But having so much is kinda good for me than if some thing happend than i have the others.

If you use blockchain, you could name them so it's easier to keep up what's what

Out of those 20 wallets he has, I bet that more than half of them aren't online wallets. Blockchain is also pretty unreliable, with all its crashing and security issues. I prefer Coinbase as it is easier and safer to use. They also pay the miners fees for your first 1000 transactions.

Blue_Tiger73

member

Activity: 112

Merit: 10

I only have 2 addresses. 1 if them is my cold wallet, where I store most of my bitcoin, which is around 10 bitcoin. I also have another wallet, a web wallet where I keep some 'extra change' so I can do stuff like shop and gamble, very conveniently.

AncilVTwo

sr. member

Activity: 364

Merit: 250

i currently have three bitcoin addresses right now. 1 paper wallet and two hot wallet addresses.

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