How many bitcoin wallets do you have and why ? - page 4.

susila_bai

hero member

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Quote from: romero121 on August 23, 2016, 07:21:21 AM

As of now I've two bitcoin wallets. For regular transactions Blockchain.info is used as it gives the much easier accessibility compared to other wallets. Localbitcoins.com is used for long term holding for the high security feature.

I think localbitcoins.com is a exchange site and keeping bitcoins in that wallet is high risky as if the exchange got hacked or any other problem comes, then your bitcoins will be problem as you are not holding the wallet it is third party service which you are using it, which dont have full control to you. So it is better that you can use blockchain.info or any desktop wallet or hardware wallet which is more safe as you will be having full control of the wallet.

i am using coinbase or online webwallet and electrum for desktop wallet.

romero121

legendary

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casinosblockchain.io

As of now I've two bitcoin wallets. For regular transactions Blockchain.info is used as it gives the much easier accessibility compared to other wallets. Localbitcoins.com is used for long term holding for the high security feature.

equator

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I have got two web wallets one coinbase and another xapo, this both i am using for online trading and sports betting and for faucet earning and for investment i use electrum desktop wallet. This wallet i use to save my bitcoins for future expenses when i am in really in need of fiat currency i convert them to my fiat currency and meet my personal expenses. Other then this i have got lot of wallet online but i used them one or two times only.

warwar

hero member

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Quote from: plpbtc1526 on August 20, 2016, 07:40:51 AM

Quote from: ayesha sadiqa on August 17, 2016, 06:49:56 AM

i have only one bitcoin wallet because i am pretty new here and do not have much experience about bitcoin. i have the only one wallet where i keep my bitcoin that i earn from signature campaign or buying bitcoin directly.

You dont need to have many wallets because its very confusing. You might get confused about the names or passwords of your own wallets. If you have small amount of btc, one wallet is enough. Me, im using two wallet. One is for receiving and the other is a local wallet which i can convert btc to cash.

Yeah right! You are new in bitcoin so just stick to one wallet. So you are using 2 wallet? just because of that reason? why? for security? Cheesy

just asking got a little bit curious about it.
Then mine is got 2 wallet also one is the wallet is base on our country and one is for other country or outside and its famous im using 2 because if i am using my local wallet and someone sending money outside it is pretty slow thats why Cheesy

airezx20

sr. member

Activity: 350

Merit: 250

Right now i am using to bitcoin wallets.First is block.io and the second is blockchain.info.
I alos used Xapo in the past but its pretty complicated i think and heard they blocked some users account to i left that.
I use block.io because it is the simplest wallet that i could use and also provide dogecoins and litecoins wallet and blockchain.info is obviously the best online wallet.

plpbtc1526

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Quote from: ayesha sadiqa on August 17, 2016, 06:49:56 AM

i have only one bitcoin wallet because i am pretty new here and do not have much experience about bitcoin. i have the only one wallet where i keep my bitcoin that i earn from signature campaign or buying bitcoin directly.

You dont need to have many wallets because its very confusing. You might get confused about the names or passwords of your own wallets. If you have small amount of btc, one wallet is enough. Me, im using two wallet. One is for receiving and the other is a local wallet which i can convert btc to cash.

Jalinco

newbie

Activity: 50

Merit: 0

Quote from: achow101 on July 31, 2016, 04:34:04 PM

Every machine you want to store Bitcoin on should have its own wallet. If you have the same wallet on two machines, there can and will be a lot of problems.

What I believe you are asking is why people have multiple addresses. Addresses are different from wallets. A wallet is a collection of addresses.

The reason for having multiple addresses is to preserve privacy and security. It is not advised to reuse addresses since it both allows people to see how much money you have and reduces plausible deniability. By giving out different addresses for different payments, the people paying you cannot know for certain how much money you have. For security, if ECDSA happens to be broken, not reusing addresses helps protect your Bitcoin. The public key for an address is exposed when you send Bitcoin. If ECDSA is broken. then by the time your public key is exposed (and thus allowing attackers to find the private key to steal your Bitcoin), the Bitcoin is already gone from the address so there is nothing to steal.

Couldn't have said it better to be honest. I personally use coinbase and block.io. Pretty much just started out so can't comment on the security or quality of these services but no problems so far.

BitHodler

legendary

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Right now I am using 6 diffent addresses for different purposes.

3 addresses are purely dedicated to be used as cold storage for my coins.
1 address is for here on Bitcointalk.
2 addresses are being used for the general sending and receiving stuff. These however get changed from time to time.

20kevin20

legendary

Activity: 1134

Merit: 1598

I have just one. I am using Blockchain Wallet since 2013 (the year I found BTC), because I thought it's the safest. And to my surprise, I have never had any problem with it. The wallet works smooth and it's as secure as possible. Therefore, I never had problems.

mark coins

hero member

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Quote from: michietn94 on August 19, 2016, 08:43:11 AM

I'm just trust 1 wallet which is blockchain since it was the first wallet that exist after bitcoin developed.
ALthough there are some issue about blockchain but it never let me down

Yeah even I am also using only one wallet since I am into bitcoin as I find it very convenient and easy to use and it also has great safety measures which keeps our coins safe in the best way.

safari88

legendary

Activity: 1960

Merit: 1026

too many wallet can make you confused and you do not must have a lot of wallets. but if you need something different from other wallet, maybe you can use more than one. I only use one wallet and I think this is simple and easy. but sometimes I keep my bitcoin in the local exchange, because it was very reliable so I'm not too worried save many bitcoin there, because it is very safe. essentially people using more than one wallet, it could to secure their bitcoin, so do not keep too many bitcoin on one wallet to avoid something bad happens, like getting a hacker.

michietn94

legendary

Activity: 1274

Merit: 1001

I'm just trust 1 wallet which is blockchain since it was the first wallet that exist after bitcoin developed.
ALthough there are some issue about blockchain but it never let me down

virusasog

sr. member

Activity: 462

Merit: 250

Quote from: ayesha sadiqa on August 17, 2016, 06:49:56 AM

i have only one bitcoin wallet because i am pretty new here and do not have much experience about bitcoin. i have the only one wallet where i keep my bitcoin that i earn from signature campaign or buying bitcoin directly.

Hey its good see Islamic girl is using bitcoin and being in this forum. You can try to have some desktop wallet like electrum, bitcoin core or some other wallet.
Atleast segment the addresses inside your single wallet to manage it well.

realworld

newbie

Activity: 36

Merit: 0

I have only one but i dont have any bitcoin in my wallet why i am using bitcoin wallet because i want to earn bitcoin and i want to keep it safe.

sugarfly

full member

Activity: 135

Merit: 100

Zettel-Dolphin

On my main desktop computer that I use many hours a day I keep a full bit coin node running (bitcoin core) so I have 1 wallet there.
I'm thinking about buying a Hardware wallet, but not sure yet which model.

-sf-

kulas

member

Activity: 205

Merit: 10

I am using 3 wallets. electrum, coinbase and coins.ph. electrum for storing large amount, coinbase for gambling and coins.ph for cashout.

ayesha sadiqa

full member

Activity: 154

Merit: 100

i have only one bitcoin wallet because i am pretty new here and do not have much experience about bitcoin. i have the only one wallet where i keep my bitcoin that i earn from signature campaign or buying bitcoin directly.

SteinsMadScientist

newbie

Activity: 38

Merit: 0

I have three: A public hot wallet that I carry small amounts on (phone). A web wallet for the exchanges and an offline wallet for the bulk. I would consider always having a cold wallet and a phone wallet that way if you lose your phone, you're not losing much.

Natlind

full member

Activity: 193

Merit: 100

As of now I have only one wallet. Wallet in blockchain. Many say it is well protected. Well secured.

Coinster

full member

Activity: 222

Merit: 101

I've been involved in Bitcoin a while and found that I've had different wallets for different things. In other words some wallets are better depending what I want to do. For example, when things were just starting out I ran a full-node Bitcoin desktop wallet as there were no other options. I did that while moving coins into and out of Mt.Gox (I always kept a minimum stored there long term, and lost only around $5 when they blew up). Then Blockchain.info started up and made wallet management easier (no sync time). As other wallets and other coins came out I used them as needed. So now I have various wallets on the web and accounts at different exchanges, but low actual balances on them until I need to do something specific.

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