How many crypto wallets do you own? | Bitcointalksearch.org

Crypt0Gore

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Quote from: awik p on April 03, 2023, 01:19:22 AM

that's what has to be done, don't put assets in one basket, so that if something bad happens we will lose all assets. actually that's its main purpose. but on the other hand we must know how to secure our wallet from the possibility of being hacked, apart from dividing it into several wallets. many incidents of people being hacked started with their own mistakes, where they were tempted by advertisements that might come in, so they followed the directions, and finally, they could be hacked

If you have a hardware wallet you will buy more because you don't want to keep your assets in one basket.

I used three different wallets, one is for transaction only, assuming I want to buy bitcoin from a dex or centralized exchange I will use this first wallet, then move the assets from this first wallet into my cold wallet, I am doing this to avoid connecting my cold wallet to any platform, and I use the last wallet for tokens claiming like NFTs, Airdrop, and bounties, the major mistake that many people do is using one wallet for airdrops and buying coins on a dex.

They have forgotten that once you connect your wallet to a platform or swap websites you have authorized or given access to the platform, until you revoke that access.

awik p

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that's what has to be done, don't put assets in one basket, so that if something bad happens we will lose all assets. actually that's its main purpose. but on the other hand we must know how to secure our wallet from the possibility of being hacked, apart from dividing it into several wallets. many incidents of people being hacked started with their own mistakes, where they were tempted by advertisements that might come in, so they followed the directions, and finally they could be hacked

yohananaomi

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Quote from: Z390 on April 02, 2023, 01:57:34 PM

One or two crypto wallets are sufficient enough for any crypto investors, I can't say about others but this is what I do, one is specifically for airdrop and testnet tasks and the other is my main hot wallet for transactions and DCA for Bitcoin, I plan to buy hardware wallet soon but I have confidence that my recovery seeds are safe, one cold wallet and one hot wallet is more than enough.

actually two as you said, very enough to use and you don't need to overdo it even if there is usually to anticipate if the wallet gets hacked, although it's less likely to happen if you don't do anything strange.
but indeed its use can be very different and there is no problem, because the treatment is still the same. especially now for bounties it's not as lively as in 2017 and it seems like you don't need to use a Hardware Wallet yet, will use it if bounties start to get busy and start to be active again in trading.
I now just maximize the use of Metamask because it can cover a lot of needs.

Faisal2202

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Quote from: nullama on April 02, 2023, 07:32:29 PM

It's shocking to realize that people actually put time and effort to scam people, it's so annoying and counter productive to society in general.

Exactly, and the funny thing is these people don't even consider these activities immoral. As he said, you have to ask questions and wrote their answers on a page in front of you this page will be your main aim to fill. I said why, and he said we will give this page to our higher ranks members and they will try to apply this information as their TV's Receiver or connection (tbh I cannot remember the part but its needs to recharge) password once we got the password we will ask them to buy our service otherwise we will ban their accounts. I said that's blackmailing. Well, he said that's the nature of work.

Well, his office has been shut down after some time idk where he went.

nullama

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Quote from: Faisal2202 on April 02, 2023, 01:56:15 PM

~snip~
You are totally right, Let me tell you about my first interview. It was with a call center in my city. I thought it was a great chance to improve my English while I could earn money too. Well, I went there, and the employer asked me to read a script full of questions like: What is your dog's name, Where was your firstborn, How old are you, And when is your birthday or your dog's birthday? I found these questions strange, (because these questions were not about me, he said you have to ask these questions of other people located in Europe or other Tier-1 countries); well, when I realized what type of call center it was, I made up my mind while I was in front of him and started cross-questioning. I said this is illegal, he said no, we are doing our work.

Actually, he was selling some sort of TV component. Well, i was appointed, but I rejected the job as it was totally illegal and unproductive. The point is, sharing information about your personal data is quite dangerous, just like sharing how many wallets you own or use. (hehe)

I try to give that person the benefit of the doubt and maybe they didn't realize what they were doing, and it was someone else higher up in the company that set up the whole thing to basically socially hack people worldwide.

It's shocking to realize that people actually put time and effort to scam people, it's so annoying and counter productive to society in general.

panganib999

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I always advocate towards using a cold wallet to store and gather cryptocurrencies, and transferring those only when you feel the need. You shouldn't save it on CEXs, on Hot wallets that are connected to the internet, and most definitely not on your phone that could easily get stolen the minute you forget about it when you take your latte from that one time you visited your local cafe. The benefits that cold wallets carry with them when it comes to security and portability is just so indispensable I couldn't stress how important it is to someone who wants to invest in the cryptocurrency world. At this point in time hackings are becoming more and more a common sight that some may think of it as a rite of passage, but it shouldn't be that way. So do yourself a favor, buy a cold wallet, and your future self will thank you when it saves your ass and your coins from a major hacking that could happen in the future.

imamusma

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Quote from: Z390 on April 02, 2023, 01:57:34 PM

One or two crypto wallets are sufficient enough for any crypto investors, I can't say about others but this is what I do, one is specifically for airdrop and testnet tasks and the other is my main hot wallet for transactions and DCA for Bitcoin, I plan to buy hardware wallet soon but I have confidence that my recovery seeds are safe, one cold wallet and one hot wallet is more than enough.

The number of wallets needed really depends on the needs of each user. I don't really mind how much, as long as it's safe and recommended for daily needs, it's good. Also if you care about privacy it might be worth having multiple wallets (Open Source and trusted) to get a few different addresses to accept payments from. Recommended, of course if you care about privacy.

I think it's still safe to get small amount of bitcoin in online wallets, it's good for day to day needs and use. Whereas if you have lots of bitcoin then consider offline wallets as well as hardware wallets, you can also have multiple wallets as long as you can afford it.

Z390

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One or two crypto wallets are sufficient enough for any crypto investors, I can't say about others but this is what I do, one is specifically for airdrop and testnet tasks and the other is my main hot wallet for transactions and DCA for Bitcoin, I plan to buy hardware wallet soon but I have confidence that my recovery seeds are safe, one cold wallet and one hot wallet is more than enough.

Faisal2202

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Quote from: nullama on March 27, 2023, 06:25:25 PM

I guess people crave the likes, and being popular online, so they share everything.

You are totally right, Let me tell you about my first interview. It was with a call center in my city. I thought it was a great chance to improve my English while I could earn money too. Well, I went there, and the employer asked me to read a script full of questions like: What is your dog's name, Where was your firstborn, How old are you, And when is your birthday or your dog's birthday? I found these questions strange, (because these questions were not about me, he said you have to ask these questions of other people located in Europe or other Tier-1 countries); well, when I realized what type of call center it was, I made up my mind while I was in front of him and started cross-questioning. I said this is illegal, he said no, we are doing our work.

Actually, he was selling some sort of TV component. Well, i was appointed, but I rejected the job as it was totally illegal and unproductive. The point is, sharing information about your personal data is quite dangerous, just like sharing how many wallets you own or use. (hehe)

Primo-bit

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Quote from: nullama on March 07, 2023, 07:34:01 PM

Quote from: Mpamaegbu on March 06, 2023, 02:27:10 PM

Honestly, if I knew what I know now when I started I wouldn't own more than two different wallets. Owning more wallets isn't a status symbol in anyway and I like to keep it simple. Freewallet was one of the first wallets I had before I moved to Blockchain wallet, and then to more others. I later learnt that Freewallet went rogue. There was a day I tried logging in to assess the few cryptos I had on that wallet but couldn't. At that time there were many people who also complained of being locked out of their wallets. It was a common complaint then.

I can see why you would need at least 3 wallets.

One wallet would have most of your savings, in cold storage.

Another wallet would be a hot wallet, able to move coins around easily on your laptop.

And a third, mobile wallet, for lightning stuff.

I think that's the optimum minimum amount of wallets today.

I agree.
Minimum 1 cold wallet.
One Hot wallet.
One Lightning wallet.

BTCBroker2016

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Got few to make diversification, the most hardest part is to remember all passwords

nullama

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Quote from: Mahanton on March 27, 2023, 06:53:51 PM

~snip~
This is what im doing on which i do only have 2-3 wallets.

1. Electrum/MEW- Long term holds
2. Metamask- Active trading on BSC or multichains
3. Metamask- Airdrops/Giveaways

This is what i do make out that partitioning on which you arent really that making of your main wallet to deal up with things which could potentially be
used up actively and connected to net.This is why its better to have on this way rather than on a single wallet to have.Just like you have said
that this is actually depending on the situation and preference of a certain user.

I hope you realize that Metamask doesn't deal with the Bitcoin blockchain, so anything you have there is an altcoin, not Bitcoin.

Just want to be very clear at that, because some people don't realize the difference.

Mahanton

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Quote from: nullama on March 27, 2023, 09:21:05 AM

Quote from: Mauser on March 26, 2023, 05:04:00 AM

~snip~
No you are not paranoid, when it comes to the security of our money we should invest more time and money to avoid losing coins long term. Over the years I had many different wallets, right now I probably still have 10 active wallets out of which I am using 4. For me the best approach is do have seperate wallets for each purpose. My smallest wallet is a mobile wallet where I keep only a balance below 100 USD. This is the lowest form of security and I only have it for quick purchases. The second wallet is an online wallet where I usually keep less than 1,000 USD. This my wallet where I deposit and withdraw my gambling money. Once the balance becomes to big I send the coins to my third wallet, a paper wallet which I use for medium term storage and to buy any bigger items from. My last wallet is my hodl wallet where I only deposit money and never want to withdraw coins from. Only in emergencies I would consider taking money. Maybe I am also paranoid, but it doesn't cost much time or money to run multiple wallets.

I think everyone should design their own system that works for them, and having at least 2 or 3 wallets seem to be the best.

You definitely need at least a wallet with small amounts for every day transactions, and a cold wallet with savings.

On top of that you can be creative depending on your circumstances.

This is what im doing on which i do only have 2-3 wallets.

1. Electrum/MEW- Long term holds
2. Metamask- Active trading on BSC or multichains
3. Metamask- Airdrops/Giveaways

This is what i do make out that partitioning on which you arent really that making of your main wallet to deal up with things which could potentially be
used up actively and connected to net.This is why its better to have on this way rather than on a single wallet to have.Just like you have said
that this is actually depending on the situation and preference of a certain user.

nullama

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Quote from: goldkingcoiner on March 27, 2023, 11:01:59 AM

Everytime I see topics like these that ask for personal information on finances or person data, I get a bit weirded out.

I do not think that its a good idea to give away information like this. Just the other week some guy was asking about how much Bitcoin everyone has. Combine that data with the amount of wallets information OP is asking and perhaps a few more replies on some other topics and you can start connecting the dots which trace back to you.

This is dangerous, especially since there are a lot of scammers around, hoping to trick you somehow into handing over your money to them....

They may even dox/threaten you.

People need to be more self aware on these forums. Undecided

Yeah, but if you post what is your mother's maiden name, your first pet, and the high school you went to, this popular website can tell you what animal you are Grin

It's crazy the amount of personal information people post online, linked to their own real identity. People post when they are on holidays and their home address for example, and there have been robberies because of this.

I guess people crave the likes, and being popular online, so they share everything.

BTCBroker2016

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I got only one wallet which is Ownr wallet

goldkingcoiner

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Everytime I see topics like these that ask for personal information on finances or person data, I get a bit weirded out.

I do not think that its a good idea to give away information like this. Just the other week some guy was asking about how much Bitcoin everyone has. Combine that data with the amount of wallets information OP is asking and perhaps a few more replies on some other topics and you can start connecting the dots which trace back to you.

This is dangerous, especially since there are a lot of scammers around, hoping to trick you somehow into handing over your money to them....

They may even dox/threaten you.

People need to be more self aware on these forums. Undecided

nullama

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Quote from: Mauser on March 26, 2023, 05:04:00 AM

~snip~
No you are not paranoid, when it comes to the security of our money we should invest more time and money to avoid losing coins long term. Over the years I had many different wallets, right now I probably still have 10 active wallets out of which I am using 4. For me the best approach is do have seperate wallets for each purpose. My smallest wallet is a mobile wallet where I keep only a balance below 100 USD. This is the lowest form of security and I only have it for quick purchases. The second wallet is an online wallet where I usually keep less than 1,000 USD. This my wallet where I deposit and withdraw my gambling money. Once the balance becomes to big I send the coins to my third wallet, a paper wallet which I use for medium term storage and to buy any bigger items from. My last wallet is my hodl wallet where I only deposit money and never want to withdraw coins from. Only in emergencies I would consider taking money. Maybe I am also paranoid, but it doesn't cost much time or money to run multiple wallets.

I think everyone should design their own system that works for them, and having at least 2 or 3 wallets seem to be the best.

You definitely need at least a wallet with small amounts for every day transactions, and a cold wallet with savings.

On top of that you can be creative depending on your circumstances.

Mauser

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Quote from: MiliMil on March 04, 2023, 01:50:08 PM

I'm curious if others think I'm being too paranoid or have carried out some of these practices.

No you are not paranoid, when it comes to the security of our money we should invest more time and money to avoid losing coins long term. Over the years I had many different wallets, right now I probably still have 10 active wallets out of which I am using 4. For me the best approach is do have seperate wallets for each purpose. My smallest wallet is a mobile wallet where I keep only a balance below 100 USD. This is the lowest form of security and I only have it for quick purchases. The second wallet is an online wallet where I usually keep less than 1,000 USD. This my wallet where I deposit and withdraw my gambling money. Once the balance becomes to big I send the coins to my third wallet, a paper wallet which I use for medium term storage and to buy any bigger items from. My last wallet is my hodl wallet where I only deposit money and never want to withdraw coins from. Only in emergencies I would consider taking money. Maybe I am also paranoid, but it doesn't cost much time or money to run multiple wallets.

fuguebtc

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Quote from: xSkylarx on March 23, 2023, 03:35:14 AM

Quote from: Dr.Bitcoin_Strange on March 22, 2023, 07:31:28 PM

Quote from: Lida93 on March 22, 2023, 04:05:23 PM

it's a good ideaÂ creating different wallets for your assets not putting all your eggs in one basket

Cold wallets, or hardware wallets, give more security than online wallets; they have additional security that doesn't just make it easy to hack, so if you can set up a cold wallet, you don't really need to have multiple online wallets.

I do really prefer hardware wallets, but it is expensive and not that affordable. That is why others are sticking to online wallets, and to prevent getting hacked, they will be creating multiple wallets that they spread across their bitcoin. If you already hold a huge chunk of bitcoin, it is better to use hardware wallets to be more safe, and you can carry it everywhere you want or store it in a safe.

A hardware wallet is not expensive, it has many versions for you to choose from, if you don't want to spend too much money on a hardware wallet then choose a cheaper wallet. A month ago, my friend bought a trezor hardware wallet for only $80 including shipping. I find that to be a very cheap price for all of us, it makes perfect sense to take $80 in exchange for our safety. As long as you save a little, stop drinking coffee, or stop drinking for a month, I think you have enough money to buy a hardware wallet.

kingvirtus09

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Quote from: MiliMil on March 04, 2023, 01:50:08 PM

I was reading about the Luke Dashjr BTC hack and it got me thinking if people have multiple crypto wallets and addresses.

I think having a cold wallet that isn't connected to the internet plus numerous online wallets is a precaution everyone should take.

The benefits being;

- If you are hacked you won't lose all your crypto assets

- If you forget one private key you won't lose all your crypto assets

- Smaller transactions (since your crypto will be dispersed across many wallets) will not draw as much attention thus increasing privacy.

I will be taking these steps in the next few days to give myself peace of mind.

I'm curious if others think I'm being too paranoid or have carried out some of these practices.

I only use Klever wallet under trc20, now if I save bitcoin for sure I will use Electrum and nothing else. This is the only wallet I know that is highly trusted by most of the industry's communities here. Then metamask who downloads the metamask extension has a risk when it suddenly updates in the chrome browser. So the metamask for pc is still better too.

Topic: How many crypto wallets do you own? (Read 969 times)