Topic: How many wallets do I need? (Read 2183 times)
I only using 2 wallets cause dont have much bitcoin
Really, as many as you can reliably handle. For some people that's just one or two (a mobile wallet and a cold storage wallet). Of course, with the advent of multi-sig and eventually also smart contracts, many people will have dozens if not hundreds of wallets. We're gonna need some sweet apps that help people monitor all of their wallets and accounts. Like, a personal finance management app, but with privacy!
Get as many as you can. What harm can it do? Check them out til you find the one you like then dump the rest.
just use 2 wallet ... main wallet with multibit as wallet to save bitcoin with big amount, and blockchain.info to save a bit bitcoin
This is what I do. I don't think you need loads of wallets. I keep my coins backed up on a usb and have a little I use in my blocklchain.info (2-factor secured with 2 password). Make sure to write the wallet seeds down to on both blockchain.info and your desktop wallet so you can easily recover them if something goes wrong.
How many wallets do one need depends on how many Bitcoins one has. If you have a small amount of bitcoins, say less than 1 then a single on-line wallet, like electrum with encrypted password wallet will suffice and would get you by for your day to day needs. Just make sure that your system isn't infected.
If you're planning to have more than one then it is better you move your funds to a cold storage wallet. https://en.bitcoin.it/wiki/Cold_storage
You don't have to have another system for cold storage you can just use air gap between the wallets which are off-line and on-line.
If you're planning to have more than one then it is better you move your funds to a cold storage wallet. https://en.bitcoin.it/wiki/Cold_storage
You don't have to have another system for cold storage you can just use air gap between the wallets which are off-line and on-line.
I am also a bit paranoid about that... So I created 100's of paper wallets to split my coins.
I then sweep a paper wallet with a small amount, every time I want to buy something big. I am lucky to have a Bitcoin Vending machine close by... so I just buy BTC and scan it directly to one of these paper wallets.
After the paper wallet was sweeped, I never use it again.
So in affect, my paper wallets will only be linked, once it is sweeped and the coins I hodl/hoard... will never be linked to my main wallets.
You should not have all your Bitcoins in one basket.
I then sweep a paper wallet with a small amount, every time I want to buy something big. I am lucky to have a Bitcoin Vending machine close by... so I just buy BTC and scan it directly to one of these paper wallets.
After the paper wallet was sweeped, I never use it again.
So in affect, my paper wallets will only be linked, once it is sweeped and the coins I hodl/hoard... will never be linked to my main wallets.
You should not have all your Bitcoins in one basket.
just use 2 wallet ... main wallet with multibit as wallet to save bitcoin with big amount, and blockchain.info to save a bit bitcoin
for me 1 or 2 wallet to transaction bitcoin
if do you have many wallet you can make confusion.
if do you have many wallet you can make confusion.
Isn't 1 wallet is enough ? Just use PC wallet
You can use electrum / multibit, they are lightweight wallet & simple
You can use electrum / multibit, they are lightweight wallet & simple
those are client not wallet, wallet is the file called wallet.dat and OP is asking how many do you need of those, and it is better to have at least two
I think client and wallet are just two words with the same meaning.
Electrum or multibit also has its own format of "wallet.dat" where private keys are stored.
Isn't 1 wallet is enough ? Just use PC wallet
You can use electrum / multibit, they are lightweight wallet & simple
You can use electrum / multibit, they are lightweight wallet & simple
those are client not wallet, wallet is the file called wallet.dat and OP is asking how many do you need of those, and it is better to have at least two
Isn't 1 wallet is enough ? Just use PC wallet
You can use electrum / multibit, they are lightweight wallet & simple
You can use electrum / multibit, they are lightweight wallet & simple
From what I understand, whenever you send BTC from that wallet afterward, you are potentially linking those different addresses together.
If you want to leave the coins untraced, use Bitmixer.io or wait for Dark Wallet. The function in Blockchain.info is a bit buggy
The exchange do knows where the coins came from and to who it sends them, and they usually have your personal info...
Not only that, exchanges have a very big attack risk.
Yes there is too much risk involved there...
I've used bitmixer.io in the past, note that I am not endorsed to them, and as for now they've run a legit business. All will change once DarkWallet gets out of Alpha, as it will allow us to "obfuscate" all the coins history.
or just use an exchange
Exchanger is not a safe wallet since you're not own the private key...also exchanger has a larger chance to get scam rather than online wallet, for example : Bter or shareX exchanger,etc
For me , I'm just enjoy using blockchain as my only one wallet. But I'm also aware that it can always keep the bitcoin forever. Might getting another potential long lasting wallet.
Hmm ... what will it be...?
From what I understand, whenever you send BTC from that wallet afterward, you are potentially linking those different addresses together.
If you want to leave the coins untraced, use Bitmixer.io or wait for Dark Wallet. The function in Blockchain.info is a bit buggy
The exchange do knows where the coins came from and to who it sends them, and they usually have your personal info...
Not only that, exchanges have a very big attack risk.
From what I understand, whenever you send BTC from that wallet afterward, you are potentially linking those different addresses together.
If you want to leave the coins untraced, use Bitmixer.io or wait for Dark Wallet. The function in Blockchain.info is a bit buggy
The exchange do knows where the coins came from and to who it sends them, and they usually have your personal info...
3 wallet are good imho, generally speaking one is for your main desktop with low amount on it, and two for cold storage, because sometime they can be corrupted, if you remove too early your pendrive/other hw error/ecc... one never know
i like to have this setup myself
i like to have this setup myself
Paper wallets are better for cold Storage
i don't like paper wallet, it is better to have an encrypted wallet and use it on another machine, it is much safer than any other solution
two machines are mandatory if you want to have the best security and therefore at least two wallet
Honestly, you'll be needing maybe around 4 wallets?
1 Online Wallet for quick spending
1 Mobile Wallet for on the go spending
1 Bitcoin Core for security
1 Cold Storage for saving and security
for the online and mobile wallet, I'd recommend MyCelium.
for cold storage, maybe a Physical Bitcoin would be awesome.
1 Online Wallet for quick spending
1 Mobile Wallet for on the go spending
1 Bitcoin Core for security
1 Cold Storage for saving and security
for the online and mobile wallet, I'd recommend MyCelium.
for cold storage, maybe a Physical Bitcoin would be awesome.
I have about 20 wallets, one bitcoin core, and then a shitload of alt wallets, including, of course, monero 
I have 3 wallets:
- main wallet
- Blockchain web wallet
- Wallet32 mobile wallet
I keep my BTC in my main wallet, but when I want to spend some, I transfer that amount to the Blockchain wallet and then use SharedCoin to transfer it to my mobile wallet from where I spend it. That way the people/businesses I spend money with don't know my total BTC balance.
Now I need to receive some BTC and I'd prefer not to share my total BTC balance with the sender. Can I have him send the BTC to my existing Blockchain web wallet and then use SharedCoin to send it to my main wallet? Or do I need to open a second Blockchain web wallet that has never received BTC from my main wallet?
- main wallet
- Blockchain web wallet
- Wallet32 mobile wallet
I keep my BTC in my main wallet, but when I want to spend some, I transfer that amount to the Blockchain wallet and then use SharedCoin to transfer it to my mobile wallet from where I spend it. That way the people/businesses I spend money with don't know my total BTC balance.
Now I need to receive some BTC and I'd prefer not to share my total BTC balance with the sender. Can I have him send the BTC to my existing Blockchain web wallet and then use SharedCoin to send it to my main wallet? Or do I need to open a second Blockchain web wallet that has never received BTC from my main wallet?
You can generate a new address in your existing blockchain wallet. Then give that address to the sender. Then once you receive the transaction, you can use SharedSend to send it to your "main wallet". Once you've done that, you can "archive" the new blockchain.info address so that it will never be used again. That way it won't be connected to any other address in that wallet.
When I send the BTC from that 1-time address to my main wallet, couldn't it be linked to other addresses in the same wallet? For example if there were a tiny amount of BTC on some of the other addresses in the wallet that were combined with the BTC going out from the 1-time address?
So empty your blockchain.info wallet first (so that you don't have "a tiny amount of BTC on some of the other addresses"), or archive those addresses first, and then remove them from archive afterwards, or use the blockchain.info feature that allows you to choose which outputs you are spending.
Honestly I think it's simpler and easier to just open a second Blockchain wallet.
I use Bitcoin Core for the main stack and simply send the coins im going to need if I go out to the mycellium one on the phone or whatever. It's like getting money out of the bank (Core) and putting it into the wallet (smartphone).
From what I understand, whenever you send BTC from that wallet afterward, you are potentially linking those different addresses together.
If you want to leave the coins untraced, use Bitmixer.io or wait for Dark Wallet. The function in Blockchain.info is a bit buggy
i currently use blockchain wallet mostly for being able to have my coins with me everywhere. and bitcoin core wallet for storing coins offline. always good to spread your coins.
You are missing some sort of cold storage for the coins, you are subject to a machine failure/hack to lose your coins.
i currently use blockchain wallet mostly for being able to have my coins with me everywhere. and bitcoin core wallet for storing coins offline. always good to spread your coins.
3 wallet are good imho, generally speaking one is for your main desktop with low amount on it, and two for cold storage, because sometime they can be corrupted, if you remove too early your pendrive/other hw error/ecc... one never know
i like to have this setup myself
i like to have this setup myself
Paper wallets are better for cold Storage
I have 3 wallets:
- main wallet
- Blockchain web wallet
- Wallet32 mobile wallet
I keep my BTC in my main wallet, but when I want to spend some, I transfer that amount to the Blockchain wallet and then use SharedCoin to transfer it to my mobile wallet from where I spend it. That way the people/businesses I spend money with don't know my total BTC balance.
Now I need to receive some BTC and I'd prefer not to share my total BTC balance with the sender. Can I have him send the BTC to my existing Blockchain web wallet and then use SharedCoin to send it to my main wallet? Or do I need to open a second Blockchain web wallet that has never received BTC from my main wallet?
- main wallet
- Blockchain web wallet
- Wallet32 mobile wallet
I keep my BTC in my main wallet, but when I want to spend some, I transfer that amount to the Blockchain wallet and then use SharedCoin to transfer it to my mobile wallet from where I spend it. That way the people/businesses I spend money with don't know my total BTC balance.
Now I need to receive some BTC and I'd prefer not to share my total BTC balance with the sender. Can I have him send the BTC to my existing Blockchain web wallet and then use SharedCoin to send it to my main wallet? Or do I need to open a second Blockchain web wallet that has never received BTC from my main wallet?
You can generate a new address in your existing blockchain wallet. Then give that address to the sender. Then once you receive the transaction, you can use SharedSend to send it to your "main wallet". Once you've done that, you can "archive" the new blockchain.info address so that it will never be used again. That way it won't be connected to any other address in that wallet.
When I send the BTC from that 1-time address to my main wallet, couldn't it be linked to other addresses in the same wallet? For example if there were a tiny amount of BTC on some of the other addresses in the wallet that were combined with the BTC going out from the 1-time address?
So empty your blockchain.info wallet first (so that you don't have "a tiny amount of BTC on some of the other addresses"), or archive those addresses first, and then remove them from archive afterwards, or use the blockchain.info feature that allows you to choose which outputs you are spending.
3 wallet are good imho, generally speaking one is for your main desktop with low amount on it, and two for cold storage, because sometime they can be corrupted, if you remove too early your pendrive/other hw error/ecc... one never know
i like to have this setup myself
i like to have this setup myself
I only use 2 forms of wallet, but thats just me.
I suggest just creating a new btc wallet address though, from those wallets and provide it to him?
1 web wallet - blockchain
1 desktop wallet - btcqt
Then use whatever I need to restore with uploading it on google drive for dat files. I still have the paranoid thinking if I did get a cold wallet, I would probably lose it which is why I havent have one.
Plus I dont have a enormous amount of bitcoin like 25 btc.
I suggest just creating a new btc wallet address though, from those wallets and provide it to him?
1 web wallet - blockchain
1 desktop wallet - btcqt
Then use whatever I need to restore with uploading it on google drive for dat files. I still have the paranoid thinking if I did get a cold wallet, I would probably lose it which is why I havent have one.
Plus I dont have a enormous amount of bitcoin like 25 btc.
I have 3 wallets:
- main wallet
- Blockchain web wallet
- Wallet32 mobile wallet
I keep my BTC in my main wallet, but when I want to spend some, I transfer that amount to the Blockchain wallet and then use SharedCoin to transfer it to my mobile wallet from where I spend it. That way the people/businesses I spend money with don't know my total BTC balance.
Now I need to receive some BTC and I'd prefer not to share my total BTC balance with the sender. Can I have him send the BTC to my existing Blockchain web wallet and then use SharedCoin to send it to my main wallet? Or do I need to open a second Blockchain web wallet that has never received BTC from my main wallet?
- main wallet
- Blockchain web wallet
- Wallet32 mobile wallet
I keep my BTC in my main wallet, but when I want to spend some, I transfer that amount to the Blockchain wallet and then use SharedCoin to transfer it to my mobile wallet from where I spend it. That way the people/businesses I spend money with don't know my total BTC balance.
Now I need to receive some BTC and I'd prefer not to share my total BTC balance with the sender. Can I have him send the BTC to my existing Blockchain web wallet and then use SharedCoin to send it to my main wallet? Or do I need to open a second Blockchain web wallet that has never received BTC from my main wallet?
You can generate a new address in your existing blockchain wallet. Then give that address to the sender. Then once you receive the transaction, you can use SharedSend to send it to your "main wallet". Once you've done that, you can "archive" the new blockchain.info address so that it will never be used again. That way it won't be connected to any other address in that wallet.
When I send the BTC from that 1-time address to my main wallet, couldn't it be linked to other addresses in the same wallet? For example if there were a tiny amount of BTC on some of the other addresses in the wallet that were combined with the BTC going out from the 1-time address?
There really is no need for more than 2 wallets, 1 for cold storage and another for a hot wallet, even then you could do that using the one wallet provider.
If all you want is a receiving address that is not connected to your main BTC stash then as many other have said just generate a new address for each transaction.
But with all that said if your like me and just like playing around with any new wallet that hits the market then go ahead and download them all, i have about 4 active wallets and 4 that i don't use anymore.
If all you want is a receiving address that is not connected to your main BTC stash then as many other have said just generate a new address for each transaction.
But with all that said if your like me and just like playing around with any new wallet that hits the market then go ahead and download them all, i have about 4 active wallets and 4 that i don't use anymore.
It's really a subjective question. You seem to know your situation better than anyone else- all that matters is you think it's appropriate.
I think you need at least 2. You will want one hot and one cold.
One you will keep some spending money in, but not a ton as if you get compromised it chances are this one. Can use blockchain or other easy ones to access anywhere.
The most important one is your cold storage. This one you keep the majority of your BTC in. You will want to use a paper wallet or a few USB's. Make sure to safely store these. You might even use a couple cold storage depending on how much you have in it.
One you will keep some spending money in, but not a ton as if you get compromised it chances are this one. Can use blockchain or other easy ones to access anywhere.
The most important one is your cold storage. This one you keep the majority of your BTC in. You will want to use a paper wallet or a few USB's. Make sure to safely store these. You might even use a couple cold storage depending on how much you have in it.
I have only one wallet Blockchain.info because I have a little amount 
And I feel safe with Blockchain.info password for login and password for send Bitcoin.
And I feel safe with Blockchain.info password for login and password for send Bitcoin.
well it depend on ur priority and user. 3 is good for others something.
me, myself only have one wallet that is blockchain. maybe gonna creat other wallet for something.
me, myself only have one wallet that is blockchain. maybe gonna creat other wallet for something.
I have 3 wallets:
- main wallet
- Blockchain web wallet
- Wallet32 mobile wallet
I keep my BTC in my main wallet, but when I want to spend some, I transfer that amount to the Blockchain wallet and then use SharedCoin to transfer it to my mobile wallet from where I spend it. That way the people/businesses I spend money with don't know my total BTC balance.
Now I need to receive some BTC and I'd prefer not to share my total BTC balance with the sender. Can I have him send the BTC to my existing Blockchain web wallet and then use SharedCoin to send it to my main wallet? Or do I need to open a second Blockchain web wallet that has never received BTC from my main wallet?
- main wallet
- Blockchain web wallet
- Wallet32 mobile wallet
I keep my BTC in my main wallet, but when I want to spend some, I transfer that amount to the Blockchain wallet and then use SharedCoin to transfer it to my mobile wallet from where I spend it. That way the people/businesses I spend money with don't know my total BTC balance.
Now I need to receive some BTC and I'd prefer not to share my total BTC balance with the sender. Can I have him send the BTC to my existing Blockchain web wallet and then use SharedCoin to send it to my main wallet? Or do I need to open a second Blockchain web wallet that has never received BTC from my main wallet?
You can generate a new address in your existing blockchain wallet. Then give that address to the sender. Then once you receive the transaction, you can use SharedSend to send it to your "main wallet". Once you've done that, you can "archive" the new blockchain.info address so that it will never be used again. That way it won't be connected to any other address in that wallet.
OK it sounds like I would need 2 Blockchain wallets then.
An additional blockchain wallet won't gain you anything that you can't accomplish with a new address in your existing blockchain wallet.
OK it sounds like I would need 2 Blockchain wallets then.
From what I understand, whenever you send BTC from that wallet afterward, you are potentially linking those different addresses together.
You're right. Usually when people receive coins to a new address (call it 1) in their main wallet, containing their old address (2) and want to move them to another address (3) they copy the amount from the transaction list. By doing that they link (2) to the transaction, because there isn't enough funds on (1) for the fee. Just something to remember 
I am rocking 2 wallets right now, my main Trezor multibit hd and a regular multibit wallet (a mining pool has a locked address) I will eventually go to the one and maybe a mobile wallet. I just don't see the need for a ton of wallets.
From what I understand, whenever you send BTC from that wallet afterward, you are potentially linking those different addresses together.
If you want to leave the coins untraced, use Bitmixer.io or wait for Dark Wallet. The function in Blockchain.info is a bit buggy
I currently have an electrum wallet and a few altcoin wallets.
just got a Bwallet from chinna a few weeks ago.
just got a Bwallet from chinna a few weeks ago.
From what I understand, whenever you send BTC from that wallet afterward, you are potentially linking those different addresses together.
Why don't you just generate new addresses? It seems like you have some intricate system there, just generate a new address in the block chain wallet and receive the bit coins there.
I have 3 wallets:
- main wallet
- Blockchain web wallet
- Wallet32 mobile wallet
I keep my BTC in my main wallet, but when I want to spend some, I transfer that amount to the Blockchain wallet and then use SharedCoin to transfer it to my mobile wallet from where I spend it. That way the people/businesses I spend money with don't know my total BTC balance.
Now I need to receive some BTC and I'd prefer not to share my total BTC balance with the sender. Can I have him send the BTC to my existing Blockchain web wallet and then use SharedCoin to send it to my main wallet? Or do I need to open a second Blockchain web wallet that has never received BTC from my main wallet?
- main wallet
- Blockchain web wallet
- Wallet32 mobile wallet
I keep my BTC in my main wallet, but when I want to spend some, I transfer that amount to the Blockchain wallet and then use SharedCoin to transfer it to my mobile wallet from where I spend it. That way the people/businesses I spend money with don't know my total BTC balance.
Now I need to receive some BTC and I'd prefer not to share my total BTC balance with the sender. Can I have him send the BTC to my existing Blockchain web wallet and then use SharedCoin to send it to my main wallet? Or do I need to open a second Blockchain web wallet that has never received BTC from my main wallet?
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