no need to divide into multiple addresses. it will not benefit you and it will instead give you another job. just 1 address but still gated security. if you have more money buying a hardware wallet is the safest way to store your assets. or a free way that is also quite safe by using the Electrum wallet.
1 Wallet with security that is maintained will be better than many wallets and you ignore its security.
Topic: How way you choose way to saving Bitcoin ? - page 4. (Read 805 times)
Certainly the best option is to store them in one place. Moreover, if your goal is to use them for a long-term investment and you will not use them often for trade or something else, this one place is best to have a hardware wallet. And don't forget passwords and keys 
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.
If I only have 0.01 btc, then I think I only need to have one wallet. But if you want to splits your 0.01 btc into 10 wallet address, that will not be a problem, but you need to think about each wallet's fees if somehow, you want to send all balance to the other wallets. That can confuse you to make a transaction, and you need to pay more fees from each wallet. With paying $10 as the fees, I think you will not like to pay that fees amount, so it is better to use one bitcoin wallet to handle it.
I just don't want to seem like a completely paranoid person and keep thinking about the security I need to achieve for the number of bitcoin I have. Only 1 storage address is enough to keep my bitcoin safe. It's just that I need to make two or three copies of the private key which I will store in 2 different place. This is my way of increasing bitcoin security and may not require a lot of storage address if there are only a few bitcoin.
But there is nothing wrong if you want to store them at multiple address, but this will only cost you a lot of transaction fee. For such a small amount of bitcoin, I think this security measure is certainly not recommended.
But there is nothing wrong if you want to store them at multiple address, but this will only cost you a lot of transaction fee. For such a small amount of bitcoin, I think this security measure is certainly not recommended.
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 Have different coins and not just Bitcoin meaning my funds are segregated to multiple wallets and exchanges and not in sole saving.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 have My Bitcoins in 3 custodial wallets.
I have My Ethereum in our Local wallet.
I have my Other coins in Abra/ and other wallets that made my holdings safer.
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.
I prefer keeping it in only one wallet. Because if I keep my balance in different wallets and want to convert it to usd and withdraw it e.g., I'll have to pay more fees for the transactions. But if I save it in one wallet, then it will not cost for me that much. I know also that there is a risk of losing all of it at once if I lose my private key etc. . But I'm also aware of it and keeping my private information in a safe and unforgettable place.
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.
Are you referring to Custodial wallet ? or this is Ledger wallets?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 would choose to split all my Bitcoins(or even high amount of altcoins) Example in My Ledger there will be 40% of my crypto Total holdings , meaning this will last fore how long i will Hold.
Then the next 60% will be split into 6 addresses , 4 of them are different wallets that i trust and 20% will be in 3 exchanges that i do trade mostly, means those amount will reserve for my trading activities so my Main Holdings will remain as is.
It's a misuse of exchange expenses. There is no purpose behind you to part the coins to 10 locations, simply keep it in one location it's simply 0.01BTC. It's hard enough to keep one hidden key, having 10 private keys will cost a problem. This isn't the means by which to make your BTC protected from tricksters or programmers, it's simply not uncovering your private key to another person.
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Although you can save and keep your BTC by dividing in different BTC adress. But in todays date you will regret to transfer one wallet to another wallet. I prefer to keep my BTC in a wallet .
That's not a problem. Just manage your expenses and assign it on different wallet for paying it. Having multiple transactions for different people is inevitable especially when purchasing things online. But saving on different address is not advisable because you are prone on missing your keys.
If you're a small holder then you should store your bitcoin at one place first, then if you already have a huge amount then that's the time where you should split your coins.
Security and privacy is always important in an investment, especially that bitcoin is a digital currency that can be affected in many different ways.
If we are aware about scam, hacking, and other risks of storing digital coins then we can somehow prevent being their victim or avoid them.
Security and privacy is always important in an investment, especially that bitcoin is a digital currency that can be affected in many different ways.
If we are aware about scam, hacking, and other risks of storing digital coins then we can somehow prevent being their victim or avoid them.
With the transaction fee problem that we are facing right now, it will be better if you will just put it on one address only rather than splitting it.
One thing more is that, 0.01 BTC isn't that huge enough for you to split. As long as you have the private keys and you stored it properly then storing it on one address isn't a problem.
As for me, I'm currently holding more than that on a hot wallet and I'm currently have another address where I will store some of my other Bitcoins.
One thing more is that, 0.01 BTC isn't that huge enough for you to split. As long as you have the private keys and you stored it properly then storing it on one address isn't a problem.
As for me, I'm currently holding more than that on a hot wallet and I'm currently have another address where I will store some of my other Bitcoins.
Although you can save and keep your BTC by dividing in different BTC adress. But in todays date you will regret to transfer one wallet to another wallet. I prefer to keep my BTC in a wallet .
You have to pay attention with fee per one transaction, during bitcoin price has been increasing a lot then we can't expect a low fee for bitcoin transaction. If you have one bitcoin and you divide to 10 address then your bitcoin will be reduced.
I will only choose one address and depend on my intention to saving it. I mean, if I choose long term investment then I must choose hardware wallet, this place is safer than another way because just me who will know all the access to the wallet. But, when I have intention to invest for short term investment, I'll choose binance exchange to saving it.
I will only choose one address and depend on my intention to saving it. I mean, if I choose long term investment then I must choose hardware wallet, this place is safer than another way because just me who will know all the access to the wallet. But, when I have intention to invest for short term investment, I'll choose binance exchange to saving it.
I think this guy wrote in another thread. He is hesitant to save his bitcoin. He probably has 0.01 BTC as his example describes. I was also a beginner and fearful but after learning to access my wallet all my fear disappeared. Now I feel confident in how I handle my bitcoin and other cryptocurrencies.
This link can help you choose the bitcoin wallet that best suits you. Your bitcoin can be stored in a single wallet, only you must have it in a safe place, together with your private keys to access.
https://www.investopedia.com/best-bitcoin-wallets-5070283
This link can help you choose the bitcoin wallet that best suits you. Your bitcoin can be stored in a single wallet, only you must have it in a safe place, together with your private keys to access.
https://www.investopedia.com/best-bitcoin-wallets-5070283
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.
Serving cryptocurrency especially bitcoin is the same method of serving fiat currency which is physical money or paper money, so if you can be able to serve fiat, automatically you can really served Bitcoin, now assuming you are receiving 0.0012btc every weekly the possibility for you to serve crypto and invest is there, so I can serve by buying and holding for period of time, and can equally serve via investment platform that is legit. 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.
As they said before, everything depends on the amount of BTC on your wallet. But you don’t have to choose more than three purses, otherwise you risk forgetting or losing your keys
I scatter my bitcoin into 3 wallets. One to save with. One to make larger purchases or trade with and then a hot wallet for making small payments but like the second poster siad it seems less and less likely like bitcoin will be used as a currency if these high fees have anything to say about it.
If you mean other crypto I keep 2 wallets. One to save and one to spend. Lesser-known coins/tokens I only ever use one wallet since I wait to sell them at the right time.
If you mean other crypto I keep 2 wallets. One to save and one to spend. Lesser-known coins/tokens I only ever use one wallet since I wait to sell them at the right time.
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.
In principle, I am not in favor of dividing the coins into 10 addresses, but in general it also depends on the value of the coins you own. If we are talking about the example you gave of 0.01 BTC, it is really better they to be in one place because the fees you will have to pay for transfers will simply be an awful lot. But if you have 100 BTC, for example, then it might be worth the cost of fees.
Depends on how much I hold. If I hold more than that amount, I wouldn't mind sending it to different address for security. If I was holding like .0002 BTC, it's obvious that I don't need to send it to different address. It's just a small amount even in my local currency.
When I get 1 BTC, I might consider splitting it to two or three at max.
When I get 1 BTC, I might consider splitting it to two or three at max.
I will only use 1 wallet to save that amount because I do not want to confuse to open the wallet one by one. I feel it is better to have it in one wallet, and I can prevent to spend the fees on many wallets. But that will be up to you as that is your bitcoin, and you are free to have more than 1 wallet to keep your 0.01 btc. But you can use two wallets to save each 0.005 btc, but you should remember the fees you need to pay for each wallet if you want to send the amount.
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