i think this depends on the value of btc because if value of btc is small , the 0.01 btc will also look small and we are not going to be extra catious of saving it but if btc value is verry expensive that 0.01btc will be cause over 500 usd , i will think of secure ways to store my btc but not in a way of dividing it to 10 address because i cant handle the amount of work that will be needed . maybe ill move my btc from online to offline or move my btc to a wallet where i can control my private keys . stuffs like that
We should always have the private key to consider it ours. The saving part will defend on our purpose in having like if for holding then better be in trezor or hardware wallet but if for trading then choose a trusted exchange to place it with like binance. Splitting it will works also from having a trezor and a trusted exchnage. 
Topic: How way you choose way to saving Bitcoin ? - page 3. (Read 805 times)
copper member
Activity: 2800
Merit: 1179
Leading Crypto Sports Betting & Casino Platform
Hello Everyone,
I just curious, How way you choose to saving Bitcoin ?
Example case, You have 0.01 BTC on your wallet now, will you saving on 1 address or you will splits the Bitcoin be 10 address 0.001 Bitcoin each.
Having 1 wallet would be enough because im a person who is really that having the behavior or preffering making transactions in one go and engaging with multiple wallets would be a hassle thing.I just curious, How way you choose to saving Bitcoin ?
Example case, You have 0.01 BTC on your wallet now, will you saving on 1 address or you will splits the Bitcoin be 10 address 0.001 Bitcoin each.
When it comes to risk management then theres no doubt that this option is much better compared on storing it on a single place.Lots of wallets then that means you do need to save up those
keys carefully because you would be having 10x risk on losing one of those wallets which would really be a loss but its better compared if you do lost it all in a single wallet.
So its a matter of preference though.
Hello Everyone,
I just curious, How way you choose to saving Bitcoin ?
Example case, You have 0.01 BTC on your wallet now, will you saving on 1 address or you will splits the Bitcoin be 10 address 0.001 Bitcoin each.
This is a newbie question for sure, not just the use of English but that which you are inquisitive about. There is really no point having your bitcoin split and saved on several addresses. I won't do that! You might feel secured that way but, if i may, any msiconception on any step of the way could make you loose a lot. Avoiding being scammed through wallet hacks or having it brute forced could be the idea behind such strategy but, its not the best. A 2FA would be a better way to go about extra security. I just curious, How way you choose to saving Bitcoin ?
Example case, You have 0.01 BTC on your wallet now, will you saving on 1 address or you will splits the Bitcoin be 10 address 0.001 Bitcoin each.
When you're a beginner into the cryptospace everyone will get to know more about hacks and scams rather than the good in it. Maybe with that in mind people can prefer large number of bitcoin address to save Bitcoins. Nowadays Bitcoin wallets are highly secure as well as we've got different hardware wallets to secure the holdings/savings. It is good to prefer such access than holding on large number of bitcoin address.
On the off chance that you are a little holder at that point you ought to store your bitcoin at one put to begin with, at that point on the off chance that you as of now have a gigantic sum at that point that's the time where you ought to part your coins. Security and protection is continuously vital in an investment, especially that bitcoin could be a advanced cash that can be influenced in numerous distinctive ways. If we are aware about trick, hacking, and other dangers of putting away advanced coins at that point we will some way or another anticipate being their casualty or maintain a strategic distance from them.
I'll save it into one address. You'll feel a regret with the fees that you'll pay when you're sending it in different address. These days, we tend to compute the fees converted into USD than looking into it as satoshis per byte.
That's why it's the best option to save fees when you're going to save that amount into one address.
Same strategy. Aside from being organized, I may have the tendency to lost track of my transactions if I had wallets that are more than enough for me. It will also save me transaction fees from transferring Bitcoin from one wallet to another. I just always remind myself to keep the only wallet safe and I made backup email address and phone number so if ever my device is lost, I can lock it right away.That's why it's the best option to save fees when you're going to save that amount into one address.
Hello Everyone,
I just curious, How way you choose to saving Bitcoin ?
Example case, You have 0.01 BTC on your wallet now, will you saving on 1 address or you will splits the Bitcoin be 10 address 0.001 Bitcoin each.
Save into one wallet if you're going to split that into different wallets then the fee's will hurt you always think for the best not because you think that you can easily ern money from splitting your money into different doesn't mean all will going to ern bitcoin it's 100% better to stay put in one wallet you can easily see the difference without fee's and if your thinking that way why not choose to buy another token or coin and invest it into many places as you can see not only bitcoin has the potential to increase but there's always alternative way on how you can earn big from another coin always think outside the box.I just curious, How way you choose to saving Bitcoin ?
Example case, You have 0.01 BTC on your wallet now, will you saving on 1 address or you will splits the Bitcoin be 10 address 0.001 Bitcoin each.
The situation is exactly like you said. Fees become too high especially when the market goes to the moon. If you are holding your crypto in different wallets than it will hit you so hard financially when you decide to withdraw it.
Hello Everyone,
I just curious, How way you choose to saving Bitcoin ?
Example case, You have 0.01 BTC on your wallet now, will you saving on 1 address or you will splits the Bitcoin be 10 address 0.001 Bitcoin each.
Save into one wallet if you're going to split that into different wallets then the fee's will hurt you always think for the best not because you think that you can easily ern money from splitting your money into different doesn't mean all will going to ern bitcoin it's 100% better to stay put in one wallet you can easily see the difference without fee's and if your thinking that way why not choose to buy another token or coin and invest it into many places as you can see not only bitcoin has the potential to increase but there's always alternative way on how you can earn big from another coin always think outside the box. I just curious, How way you choose to saving Bitcoin ?
Example case, You have 0.01 BTC on your wallet now, will you saving on 1 address or you will splits the Bitcoin be 10 address 0.001 Bitcoin each.
It depends on the amount of Bitcoin I have, if it is only 0.01 BTC I will store it in one address only. But if I have a minimum of 0.1 BTC I will keep it
in at least two addresses.
true. the amount of btc you have is the reason of how much wallet address you should have. it's not worth it to save small amount on 5 address due to the high transaction fee. let's say btc transaction fee today is 0.0005, so you need about $120 to spread your btc to 5 address. i better put it all in one safe ledger. in at least two addresses.
It depends on the amount of Bitcoin I have, if it is only 0.01 BTC I will store it in one address only. But if I have a minimum of 0.1 BTC I will keep it
in at least two addresses. So prevent losing all the Bitcoin that I have, so that if one address is successfully hacked, I still have another address bitcoin.
The more Bitcoin I have, the more addresses will be. But of course I won't have more than 5 Bitcoin addresses, as much Bitcoin as I have. Because it is
very difficult to control if I have too many Bitcoin addresses.
in at least two addresses. So prevent losing all the Bitcoin that I have, so that if one address is successfully hacked, I still have another address bitcoin.
The more Bitcoin I have, the more addresses will be. But of course I won't have more than 5 Bitcoin addresses, as much Bitcoin as I have. Because it is
very difficult to control if I have too many Bitcoin addresses.
i think this depends on the value of btc because if value of btc is small , the 0.01 btc will also look small and we are not going to be extra catious of saving it but if btc value is verry expensive that 0.01btc will be cause over 500 usd , i will think of secure ways to store my btc but not in a way of dividing it to 10 address because i cant handle the amount of work that will be needed . maybe ill move my btc from online to offline or move my btc to a wallet where i can control my private keys . stuffs like that
I will keep my Bitcoin to some wallets. It is too risky to put all Bitcoin in a single wallet. If I have 0.5 BTC, I will split the Bitcoin at least into 3 wallets. I will put 0.2 BTC on two wallets and 0.1 BTC to one wallet. This can lower the risk to lose our Bitcoin together. There are too many cases of losing their Bitcoin because only storing in a single wallet.
Better to put also in some exchanges like in binance, some traders usually keep their investment in exchanges to actively trade. Before it is not advisable but now that trading became a known profession and exchange like binance really gained the trust of many its better to have some than put it a online wallet. I prefer binance, trezor and 1 to 2 wallet that can easily access. 
Hello Everyone,
I just curious, How way you choose to saving Bitcoin ?
Example case, You have 0.01 BTC on your wallet now, will you saving on 1 address or you will splits the Bitcoin be 10 address 0.001 Bitcoin each.
I put them 50% on binance for seasonal part-time trading or regenerating funds for altcoins if appropriate and necessary. This ensures speed and flexibility and 50% at blockchain private wallet. All are easily managed and monitored via mobile app. In the long run, it also offers near absolute safety, peace of mind!I just curious, How way you choose to saving Bitcoin ?
Example case, You have 0.01 BTC on your wallet now, will you saving on 1 address or you will splits the Bitcoin be 10 address 0.001 Bitcoin each.
Dividing multiple wallets will be difficult to manage, it will almost cause confusion. I don't like having trouble with them!
I will keep my Bitcoin to some wallets. It is too risky to put all Bitcoin in a single wallet. If I have 0.5 BTC, I will split the Bitcoin at least into 3 wallets. I will put 0.2 BTC on two wallets and 0.1 BTC to one wallet. This can lower the risk to lose our Bitcoin together. There are too many cases of losing their Bitcoin because only storing in a single wallet.
[snip]
For now I would save it only in one direction, if I want it in the future I would forget for now that I have that fraction of Bitcoin, as time passes that money will be valued much more. If you divide the fraction of Btc you will spend more money on fee and right now they are very expensive, in the near future the fees will be much more expensive than now, and you run the risk of losing 10 addresses.
Now everything changes if you have 10 different needs, if so then it is feasible to do so, because you would have to have control of them and their purposes.
Hello Everyone,
I just curious, How way you choose to saving Bitcoin ?
Example case, You have 0.01 BTC on your wallet now, will you saving on 1 address or you will splits the Bitcoin be 10 address 0.001 Bitcoin each.
I just curious, How way you choose to saving Bitcoin ?
Example case, You have 0.01 BTC on your wallet now, will you saving on 1 address or you will splits the Bitcoin be 10 address 0.001 Bitcoin each.
One wallet should be enough and its up to you on how you gonna deal or on taking safe of those private keys you do have because if we do mind on the current fees atm,
then its not really that ideal on dividing those money because you would basically spending up some serious bucks in just transferring alone but well, this one depends on your
preference, if you do like to divide the risk into 10x then you can do it but be sure that you wont really forget out of those 10 keys you do possess.
Hello Everyone,
I just curious, How way you choose to saving Bitcoin ?
Example case, You have 0.01 BTC on your wallet now, will you saving on 1 address or you will splits the Bitcoin be 10 address 0.001 Bitcoin each.
I just curious, How way you choose to saving Bitcoin ?
Example case, You have 0.01 BTC on your wallet now, will you saving on 1 address or you will splits the Bitcoin be 10 address 0.001 Bitcoin each.
For now I would save it only in one direction, if I want it in the future I would forget for now that I have that fraction of Bitcoin, as time passes that money will be valued much more. If you divide the fraction of Btc you will spend more money on fee and right now they are very expensive, in the near future the fees will be much more expensive than now, and you run the risk of losing 10 addresses.
Now everything changes if you have 10 different needs, if so then it is feasible to do so, because you would have to have control of them and their purposes.
It depends on what's for the bItcoin is. If the BTC is for trading, so I will let it in trusted exchange, makes it for trading. However, if it is for holding for long-term investment, I will prefer to save and secure it into one wallet, that is the cold or hardware wallet.
It seems that we are better to do it for the sake of the security and also transaction fees. Imagine if you need to split it into 10 wallets, how much fee you will pay for? This is ineffective.
It seems that we are better to do it for the sake of the security and also transaction fees. Imagine if you need to split it into 10 wallets, how much fee you will pay for? This is ineffective.
I save in 1 address for coins that have a price, especially bitcoin, because if I divide to several bitcoin addresses that I have it won't be enough at 0.01 as you say, you know that shipping costs are very expensive so I'd better save it in one of the wallets and store phrase, private key securely, but I used to store it on the exchange which can go directly to fiat
You have 0.01 BTC on your wallet now, will you saving on 1 address or you will splits the Bitcoin be 10 address 0.001 Bitcoin each.
In my site this is not so big amount. Ok now i think this is big amount. I will put my all Bitcoin in one good and trusted wallet. This is tough to hold private keys or access of different wallet. Anytime it is possible to forget or lose access. Holding one wallet access is easy. But 1st of all you need to choose trusted wallet to put or hold your Bitcoin. Don't splits the Bitcoin in 10 Wallet. Jump to: