How many bitcoin wallets do you have and why ?

posternat

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Activity: 798

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Quote from: emezh10 on September 14, 2016, 06:48:26 AM

I have one only because i don't have that much bitcoin to be afraid of losing

There is a lot to think about and some very cool and fun ways to go. I would love to find a Windows Phone app wallet that I liked and was associated with one of the online sites that I use, all in good time

Rostadom

hero member

Activity: 713

Merit: 501

I only have one wallet and it's in blockchain simply because I don't know why would you need more than one wallet. People say they keep more than one wallet so in case it gets hacked, not all of the coins will be gone. That just proves how insecure their wallet is. They aren't confident that they password is hard enough to guess.

emezh10

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Activity: 826

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I have one only because i don't have that much bitcoin to be afraid of losing

Noctis Connor

hero member

Activity: 1008

Merit: 540

Quote from: BALIK on September 13, 2016, 08:25:38 AM

It depends on you bro, you can make a lot of bitcoin address but make sure hat you can manage that all addresses, a lot of people here have x2 or more bitcoin address, I think one address for personal transacts, one address for business transacts.

Depends on user if he want to make more or lots of bitcoin address , if he wants to use it for ponzi scheme then you can create more wallet in one account "called" alternative wallets and if someone request a new wallet it will pop up it always use it for business trasaction you can see it on blockchian.info

freedomgo

legendary

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Quote from: olubams on September 13, 2016, 03:26:39 PM

Quote from: reb0rn21 on September 13, 2016, 03:17:51 PM

I never had a full blockchain wallet at all, started with dozen of exchanes wallet which I used for whole year only

I know it was not safe
Then made first multibit wallet, later switched to electrum BTC because ist more as cold storage with only my keys secured at paper and pc holding it being used just for it and nothing else

Maybe because of the volume of BTC I have gathered or because of the complexity in my own opinion of maintaining more than one wallet, I havent seen any reason to go for more than one...

Me, I have more than one wallet because I treat my bitcoins as an investment so in investing we need to know how to diversify our investment and dividing our investment in different wallet is good as it minimize the risk of being hack.

olubams

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Activity: 798

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Quote from: reb0rn21 on September 13, 2016, 03:17:51 PM

I never had a full blockchain wallet at all, started with dozen of exchanes wallet which I used for whole year only

I know it was not safe
Then made first multibit wallet, later switched to electrum BTC because ist more as cold storage with only my keys secured at paper and pc holding it being used just for it and nothing else

Maybe because of the volume of BTC I have gathered or because of the complexity in my own opinion of maintaining more than one wallet, I havent seen any reason to go for more than one...

reb0rn21

legendary

Activity: 1901

Merit: 1024

I never had a full blockchain wallet at all, started with dozen of exchanes wallet which I used for whole year only

I know it was not safe
Then made first multibit wallet, later switched to electrum BTC because ist more as cold storage with only my keys secured at paper and pc holding it being used just for it and nothing else

J Gambler

hero member

Activity: 910

Merit: 500

Quote from: Soulver on July 31, 2016, 03:27:13 PM

Hey guys, so I am a newbie and i saw some of members here have multiple bitcoin wallets , why is that? do i need to make multiple bitcoin wallets as a beginner ?

One wallet only can't handle too much bitcoin so im not using two or more its hard to use many wallets you will be annoy for sure because you dont know someday that where did you use that bitcoin wallet for beginner should use one wallet.

jak3

legendary

Activity: 1274

Merit: 1004

i have 2bitcoin wallets currently in use and i have them because multiple wallets give multiply features like in one wallet i get better friendly app so i can keep track on my addresses and transactions and on the other walet i get the manual transaction fees feature

Tyrantt

hero member

Activity: 1022

Merit: 564

Need some spare btc for a new PC

If you're like me and aren't interested in gambling and such, I believe that one wallet should be enough. I'm not holding any large amounts in anytime and when I get payed by the signature campaign I, almost immediately sell them.

Ryan Dugan

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Activity: 924

Merit: 501

I had be a number of wallets. One for gambling. One is for saving and using on investments. I have 3 more for spending money and getting paid. It is really just to make it easier to organize where your bitcoin is and where you will use it.

BALIK

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Activity: 2254

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🍓 BALIK Never DM First

It depends on you bro, you can make a lot of bitcoin address but make sure hat you can manage that all addresses, a lot of people here have x2 or more bitcoin address, I think one address for personal transacts, one address for business transacts.

Noctis Connor

hero member

Activity: 1008

Merit: 540

Quote from: Soulver on July 31, 2016, 03:27:13 PM

Hey guys, so I am a newbie and i saw some of members here have multiple bitcoin wallets , why is that? do i need to make multiple bitcoin wallets as a beginner ?

I only have 1 wallet address for all my account in gambling investing , and trading because i dont want to use many wallets or multiple bitcoin wallets because i only need one in short im stick to one Tongue

the main reason why i don't use multiple wallet is i cant handle it like my relation thats why im single Tongue

ilhamsudekis

newbie

Activity: 37

Merit: 0

i just have one from blockchain never think to make multiple wallet/adress

entrepmind23

sr. member

Activity: 644

Merit: 261

I have two bitcoin wallet. The other one I use it in case I need to recharge my phone or want to earn from referrals by using the wallet and for cashing out purposes. The other one is the one I use in my online transactions like trading and investing. I separated it because the first one is only a sub wallet and I wanted to track the transactions so I use the other one instead in online transactions so that I can see its confirmation and track my expenses.

Tyrantt

hero member

Activity: 1022

Merit: 564

Need some spare btc for a new PC

Right now, I have about 12$ in btc and planning on collecting every week and than selling it all, every week, for a nice pocket money. I think I may have spent around 30$ since I've started trading and that were all trades of a few $ in btc.

CrimBit

hero member

Activity: 672

Merit: 500

Quote from: springgers on September 05, 2016, 11:05:14 AM

Nah I don't think you need more than one wallet "specially in you case, a newbie", Just download a good wallet "the original if you can handle it or Multibit/Electrum if you can't", People using more than one wallet are mostly doing so because they are enough skilled and it's more convenient to them "Armory being more secure, Electrum fast etc...".

of course im not a newbie in bitcoin world, im miner, trader, and bitcoin lover.
but im use more than 1 wallet, why ? because i have plan to holding long term then i choose paperwallet , im using bitcoin for daily transaction (top up mobile etc.) then im using xapo/coinbase wallet with zero feature, and im use mycellium for secure wallet .

HawKitty

newbie

Activity: 5

Merit: 0

I have one and I withdraw my Forex profits to my Bitcoin wallet from PayCo. They allow withdrawal of funds via Bitcoin at a very low rate for only 0.3% you guys should try this payment processor.

springgers

sr. member

Activity: 294

Merit: 251

Nah I don't think you need more than one wallet "specially in you case, a newbie", Just download a good wallet "the original if you can handle it or Multibit/Electrum if you can't", People using more than one wallet are mostly doing so because they are enough skilled and it's more convenient to them "Armory being more secure, Electrum fast etc...".

Digitalbitcoin

hero member

Activity: 1568

Merit: 502

Currently I am using three wallets.

1st wallet to receive bitcoins from my sources,
2nd wallet to store bitcoin to cold wallet with higher security and backup.
&
last 3rd wallet to exchange to fiat currency.

Using multiple wallets makes no impacts as each payment can be received in new address or old address also but can be controlled user must have strong security layer to protect BTC within wallet.

For security I am using email, 2fa, ip lock, session lock etc features.

Topic: How many bitcoin wallets do you have and why ? (Read 9024 times)