Topic: How way you choose way to saving Bitcoin ? (Read 805 times)
Use licensed HD wallets - Trust,Ownr,Atomic. Here's my way to save Bitcoin.
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.
Transfer it (0.01BtC) to top reputable exchanges like binance, Kucoin, Huobi and you will feel secure about it. Remember, implementing account security guidelines, 2FA is required. In addition, these exchanges actively support P2P, I can save about $ 200 in salary per month to buy bitcoin / usdt depending on the case. When you have a specific amount of 1BTc, send 1/2 btc to your personal wallet to ensure risk. 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.
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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.
If you are concerned about your wallet security you can just increase the security option for your wallet. Add 2fa, mobile verification, mail verification also you can add fund transfer security now a days. And i believe if someone have your password it will not easy for them to break all of this security system to transfer your fund. Also splitting fund to different addresses will cost you more fees and require time. 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.
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.
You will just make it difficult if you will divide it into multiple wallets. Securing each of those properly would take a lot of time and effort. Putting it in a single address or wallet is enough, just make sure to save the passphrase and create multiple copies on where you think it is safe. Never share that info with anyone even if they are your relative. If you are scared that something might happen to you then look for someone that you really trust and will inherit that amount of bitcoin. It may be not that big amount now but in the future, it will greatly benefit the next generations.
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👉 We are not the original telegram channel Bitcoin Pump Group, we have access to signals from original channel.
👉 We share all the signal from "Bitcoin Pump Group" to our private group in real time.
🎖 ADVANTAGES 🎖
👉 You will have a free trial to check signals and channel (you will don't have in original channel)
👉 Our price is 5 times cheaper than original price
Please beware of scammers‼️
☎️ Contact telegram: @Investing_in_crypto
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.
Just the way we keep cash or cards in a physical wallet, bitcoins are also stored in a wallet—a digital wallet. The digital wallet can be hardware-based or web-based. The wallet may also be stored on a mobile device, a computer desktop, or printed on paper to keep the private keys and addresses for access secure.
for me 1 address is enough to store my bitcoin, and I usually store my savings coins in one wallet and specifically for my savings and only I open it on my cellphone not on a PC or anywhere.
I think it is very inefficient to have only 0.01 BTC divided into how many wallets, there are. eaten up for shipping costs only
I only save in local exchanger because i think it is already safe, maybe what be my problem is when exchanger get hacked or anything else like collapse, etc. But i agree with saving in 1 address is better because although in 1 wallet, want to combine money from addresses must pay fees too. I think it is very inefficient to have only 0.01 BTC divided into how many wallets, there are. eaten up for shipping costs only
for me 1 address is enough to store my bitcoin, and I usually store my savings coins in one wallet and specifically for my savings and only I open it on my cellphone not on a PC or anywhere.
I think it is very inefficient to have only 0.01 BTC divided into how many wallets, there are. eaten up for shipping costs only
I think it is very inefficient to have only 0.01 BTC divided into how many wallets, there are. eaten up for shipping costs only
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.
No that would be an arduous thing to do because you will monitor and manage those 10 wallets at a time, which also could even cause confusion like mixing up your passphrase or something. However, I'd say that is very effective if you are extremely cautious with your funds. In my opinion, if you think that you are not holding a vast amount of Bitcoin perhaps you could place them in just one wallet by that way you could also save some fees upon getting them out but if you hold a vast amount of it then I would understand of creating multiple wallets for you to store. 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 will save it only for one address, 0.01 BTC is not that too high, I will just waste the transaction fees if I will going to separate it for 10 addresses. Maybe if I will have 2 BTC and higher, that is the time that I am going to use different addresses, that is the best thing to do if you are going to have huge amount of BTC so in case one of you wallet got hacked you still have the other one.
one alternative that might be good to do if we tell stories and imagine that having a large enough bitcoin. but if you separate it into many addresses, of course it will be like you said, being a lot of transaction fees is certainly not ideal to do. although maybe the goal is so that if there is a hack it does not become a big loss.If you do have sufficient funds, why not buy a Hardware Wallet whose security can guarantee more and remain in one unity and inseparable, which will confuse yourself later.
I will save it only for one address, 0.01 BTC is not that too high, I will just waste the transaction fees if I will going to separate it for 10 addresses. Maybe if I will have 2 BTC and higher, that is the time that I am going to use different addresses, that is the best thing to do if you are going to have huge amount of BTC so in case one of you wallet got hacked you still have the other one.
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 think it depends on the amount you were saving in a particular wallet, if it's not a massive amount just like on what you've example then there's no need to split your BTC and allocate it on a different account. However, multiple wallets are actually good if it has a purpose like a wallet 1 is for the short term goal and wallet 2 is more on long term goal then it's actually fine
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'm confused why we need to save our money in different wallet as what you said, you will spend more money for transaction fee if you do that way of saving your crypto currency.
I can't get your point why said that word.
It’s not necessary to divide 0.01 BTC for 10 wallets. Blokchain is transparent and everyone can see that all those transactions came from one wallet furthermore fees that you'll have to pay for transactions won’t encourage you at all. It’s better to put all amount on one but reliable digital wallet. Nevertheless if you have several different transactions from totally different people it’s better to give them different wallets.
There is actually no point of splinting the amount of bitcoin you have to different wallet, you might be thinking of what If your wallet keys gets lost, your wallet keys can't get lost if you are careful enough to keep it safe, and besides splitting it might even get u confused because the wallets might be many, if you can't carefully manage one wallet how do you intend to manage tons of wallet and keep the wallets private keys safe. So it's better to just store your bitcoin in one wallet, manage and safeguard it and also keep the private keys safe.
If I only have 0.01 BTC in my wallet, then I will only store it in one wallet. This is better because I think it's enough to keep
one private key only and keep it in a hardware wallet to leave it for a long period to see it continue to grow to get maximum profit.
But if you have a lot of bitcoins, you can just store them in several wallets.
Splitting to more wallets gives additional security from hacking but we should be careful as well on our private keys and not misplace them. This is the common risk and problem when having a lot of wallet addresses but I know it was manageable and can be avoided. one private key only and keep it in a hardware wallet to leave it for a long period to see it continue to grow to get maximum profit.
But if you have a lot of bitcoins, you can just store them in several wallets.
But for me, I have to convert some of my holdings to fiat money and store it at the bank and some it uses to start a business. I'm afraid of getting hacked, we know the situation now and we are prone to this, and this is the best thing I think to make everything is secured.
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 would prefer making my bitcoin holdings to be split by two because it's hard to do in multiple. I might lose some of them unknowingly because that's too many. Though we may secure some back up, but that doesn't guarantee it's safety, so it's always important to do it optimally.
If I only have 0.01 BTC in my wallet, then I will only store it in one wallet. This is better because I think it's enough to keep
one private key only and keep it in a hardware wallet to leave it for a long period to see it continue to grow to get maximum profit.
But if you have a lot of bitcoins, you can just store them in several wallets.
one private key only and keep it in a hardware wallet to leave it for a long period to see it continue to grow to get maximum profit.
But if you have a lot of bitcoins, you can just store them in several wallets.
So many members have reply you with choosing one reliable wallet to save your bitcoin, in my opinion why splitting your bitcoin in different wallets when you can cut the cost and save them in a strong wallet where you can spend from any time you wish.
Thats because of the sole reason on allocating into several parts to divide off the risk on losing it all once it would really be hacked.It isnt really a bad idea though but it a bithassle on your part on keeping 10 wallets or minding 10 private keys rather than on just keeping one if you do really plan on having some separation of key characters
for added more security.Keeping on one wallet isnt really that much of risk if you do know on how to keep those keys safe or out of other peoples eyes or awareness.
You can save up but mostly its been suggested to hardware if you do hold up for long term.
If you are going to save it while investing it's better to split among different sites, but if you are going to just keep it storaged it's better to choose a reliable wallet to put all your funds at the same place. The best option is the physical ledger or trezor wallet, although they are expensive and depending where you live you will probably have to import it.
saving and investing both requires long duration of holding but splitting the funds to different wallet and diferent investing site is safer because incidents of stealing can occur in the future if not today or by next month and if you let your money sit in one place all can be wipe out . if you not going to save and your only going to invest for a short period of time , thats acceptable to have a one wallet because you are going to use the money afterwards .Quote
Furthermore, by holding all your coins in the same wallet prevent you from paying many transaction fees when moving these coins to other places in the future
will you allow that your 1 btc gets hacked because you refuse to pay a 0.01 btc total fee from diversifying that 1 btc But for people who are still insecure it's better to split the funds, as the worries regard their bitcoins will cause a lot of pain and anxiety on their daily lives.
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.
Imo, its safer to keep in on one wallet because you are only facing one risk by keeping it in one electronic wallet but dividing it into 10 address means that you are also increasing the risk that you will be facing like having to encounter the volatility of Cryptocurrencies and you also need to consider the gas fees. If you try to split it in 10 ways, you might lose your initial savings but keeping it on only 1 wallet is much safer for me.
I could also try to look for ways on investing it on new opportunities.
If you are going to save it while investing it's better to split among different sites, but if you are going to just keep it storaged it's better to choose a reliable wallet to put all your funds at the same place. The best option is the physical ledger or trezor wallet, although they are expensive and depending where you live you will probably have to import it.
saving and investing both requires long duration of holding but splitting the funds to different wallet and diferent investing site is safer because incidents of stealing can occur in the future if not today or by next month and if you let your money sit in one place all can be wipe out . if you not going to save and your only going to invest for a short period of time , thats acceptable to have a one wallet because you are going to use the money afterwards .Quote
Furthermore, by holding all your coins in the same wallet prevent you from paying many transaction fees when moving these coins to other places in the future
will you allow that your 1 btc gets hacked because you refuse to pay a 0.01 btc total fee from diversifying that 1 btc
If you are going to save it while investing it's better to split among different sites, but if you are going to just keep it storaged it's better to choose a reliable wallet to put all your funds at the same place. The best option is the physical ledger or trezor wallet, although they are expensive and depending where you live you will probably have to import it.
Furthermore, by holding all your coins in the same wallet prevent you from paying many transaction fees when moving these coins to other places in the future.
Furthermore, by holding all your coins in the same wallet prevent you from paying many transaction fees when moving these coins to other places in the future.
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.
Imo, its safer to keep in on one wallet because you are only facing one risk by keeping it in one electronic wallet but dividing it into 10 address means that you are also increasing the risk that you will be facing like having to encounter the volatility of Cryptocurrencies and you also need to consider the gas fees. If you try to split it in 10 ways, you might lose your initial savings but keeping it on only 1 wallet is much safer for me.
I could also try to look for ways on investing it on new opportunities.
it would be better that it is divided for multiple jobs in one wallet only. if it has 0.01 btc . can be shared:
long-term investment 0.005 btc
short-term investment 0.0025 btc
trade 0.0025 btc.
this is just my advice.
long-term investment 0.005 btc
short-term investment 0.0025 btc
trade 0.0025 btc.
this is just my advice.
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.
The best and safest way to store your Bitcoin is in a hardware wallet. You can choose between Ledger and Trezor. Always purchase from an approved seller and never use a resold hardware wallet. Keep a copy of the seed words on your computer.
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.
BTC transactions can be expensive especially when the price is too high. As long as it is kept in a secured wallet like ledger it doesn't matter if you will keep it in just one wallet as long as your funds are secured. Keeping it in several wallets will not secure your funds if you are planning to put it in a non-custodial wallet, as long as you have your private keys you secure your funds. You don't have to do extra work or even pay extra transaction fees by distributing your BTC to different wallets for security.
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 address to store that much is fine. It is not that wallets have any upper limit of how much maximum bitcoins that can be stored in it. In fact that bitcoins are only linked to your private key and not even to your public addresses, those are just used to detect which address received how much at what time using a block explorer.However these thoughts are more common with people who are laundering money. They would attempt to remove traces by using more than one receiving wallet. If you have no such intention in mind then you can also store your coins in a single wallet. People are paranoid about anonymity (even though bitcoin is pseudoanon), will use different wallet addresses for every transaction.
The fact is that I do not have so much bitcoin that I can store it in several wallets, and buying a hardware wallet is too expensive for me. But nevertheless, I prefer to use the blockchain..info wallet. At the very least, I consider this resource safe enough to store my Bitcoin, thanks to the multi-layer security system and individual barcode. In addition, the safety and security of his funds depends on the user himself.
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.
If I am saving my BTC I don't see the benefit of spliting it into plenty of wallet it would just waste my time and also transaction fee.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 just choose a wallet that could really protect my crypto and wouldn't be easily hacked.
I will choose 1 bitcoin tool but use a hardware wallet. because for me security is the main thing. I use nano ledger hardware wallet since 2 years ago and until now it's still safe
Splitting your coins between wallets depends how much coins you have in the first place. If you have 1 btc, then there really is no problem splitting up the coins between 10 different wallets at 0.1btc each
However, if you have small amounts of bitcoins, say 0.01, then splitting it between ten wallets is not advisable because of the amount of transaction fees you'll incur. In this case, it is better to leave the coins in just one wallet.
You should also know that, with a single wallet, there is a significant amount of profits when bitcoin increase in price as compared to when it's being splitted
However, if you have small amounts of bitcoins, say 0.01, then splitting it between ten wallets is not advisable because of the amount of transaction fees you'll incur. In this case, it is better to leave the coins in just one wallet.
You should also know that, with a single wallet, there is a significant amount of profits when bitcoin increase in price as compared to when it's being splitted
I don't see any reason for splitting coins that yo are holding. You should only split if you have coins that you're holding for long term profit and coins that you're moving every day for purpose of trading, gambling, or spending in any other way. You should have your holder wallet and your daily use wallet separated so that you can keep your bigger, more important wallet offline for as long as you can. It doesn't really matter how much you're holding. I have single addresses, each containing more than 1BTC in one and the same wallet and I don't feel like it's a vulnerability as long as the wallet remains on a safe, clean machine.
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.
Some are worried if someday they got hacked or compromise their wallet, lost their keys, and etc...they spread their Bitcoin to different addresses but I don't think it was a good idea because, for me, it is much better to have it save in one wallet for easy monitoring. Unless if you have a lot of BTC's, 10BTC, 20BTC, or more, that is really advisable to split them.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.
But I don't have to worry about hacking incidents because I don't save a huge amount of BTC. I use to convert it to our local money, invest the money to the stock market, traditional business, and it all safe.
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 will save at one address only, because fees for transferring Bitcoin are very expensive, so if I use multiple address to saving Bitcon, then I only spend my money to pay fees, so I don't think it's worth it to saving Bitcoin in multiple address, but if you have no problem with fees from Bitcoin and you are afraid to save Bitcoin in one address, then you can save Bitcoin that you have in multiple address.
Hardware wallet is a good wallet for storing bitcoin hardware wallets are special devices used specifically for storing bitcoins. The primary advantage of bitcoin wilt is that they provide more protection against theft than desktop or mobile plates wallet users need to create strong passwords and back up. These backups must be stored securely to avoid bitcoins being stolen or lost It's easy to control.
Why do I have to use a different wallet? I might run out of BTC for Fee because the amount is small.
For me, with the amount that I have, I just keep it in Echange, actually it is not saving but more for buying and selling and so on. Because it is not for the long term.
For me, with the amount that I have, I just keep it in Echange, actually it is not saving but more for buying and selling and so on. Because it is not for the long term.
For now, I prefer to store at one address, besides the amount of Bitcoin I have is not so much. Storing at one address saves transaction costs,
and it's easier to control. As long as the wallet we use is safe, I highly recommend storing Bitcoin in a hardware wallet. Because we ourselves
keep the private keys, so it is very safe because only we can access it.
and it's easier to control. As long as the wallet we use is safe, I highly recommend storing Bitcoin in a hardware wallet. Because we ourselves
keep the private keys, so it is very safe because only we can access it.
I only have very few bitcoins, so I just keep my bitcoins on exchange and trade my bitcoins for a profit.
Do you never move your Bitcoin from the exchange wallet? Many people say that saving your Bitcoin on an exchange wallet is too risky and surely not recommended. I think you need to consider moving it to a safer wallet once your Bitcoin is already in a quite big number there. Segwit wallet seems safer to be a place to save Bitcoin. 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 buy bitcoins by reducing spending while taking my paycheck. Because I have a daily job and active income. Two years ago bitcoins were quite cheap and I bought them a few but now bitcoin is bullish. My money becomes small. I usually keep them on the binance exchange. As the number is low, transferring private wallets also costs transactions.
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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. 
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. 
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.
1 Wallet with security that is maintained will be better than many wallets and you ignore its security.
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.
copper member
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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.
It depends on how much bitcoin you have, so if based on what you've mentioned on your thread with 0.01 BTC then I think it is better if you will choose to invest it in one wallet address, imagine if you will going to separate it for 10 wallet addresses then you will have to pay 10 transaction fees, that is frustrating, instead of having 0.01 BTC of investment it will turn lower than that value. On my part even though I have 1BTC I will still choose to invest it in one wallet address, which is better for me so I don't need to create more than one crypto wallet. One of the disadvantages of it is only if your wallet gets hacked then you will leave 0 balance.
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.
Why do you have many addresses to store bitcoin, it seems like what you will tell by storing so many bitcoin addresses is actually detrimental because the costs incurred increase while the value you receive shrinks. just use one address that you feel sure is safe from people who want to take it from your storage by not making mistakes that are often expressed by many colleagues here. 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.
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.
That's too low to diversify or segregate mate , Because hackers won't give a Good look at that amount.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.
But in General when you have 1 Bitcoin in your Hands? then that is the best way to scattered your funds.
Loading each wallet amounting 0.1 btc each or Let it all stay in your ledger wallet in which will make them all safe.
I will only leave 0.2btc in my custodial wallet so i can have funds ready for buying more in low price or will Diversify in other currencies.
Splitting your coins between wallets depends how much coins you have in the first place. If you have 1 btc, then there really is no problem splitting up the coins between 10 different wallets at 0.1btc each
However, if you have small amounts of bitcoins, say 0.01, then splitting it between ten wallets is not advisable because of the amount of transaction fees you'll incur. In this case, it is better to leave the coins in just one wallet.
You should also know that, with a single wallet, there is a significant amount of profits when bitcoin increase in price as compared to when it's being splitted
However, if you have small amounts of bitcoins, say 0.01, then splitting it between ten wallets is not advisable because of the amount of transaction fees you'll incur. In this case, it is better to leave the coins in just one wallet.
You should also know that, with a single wallet, there is a significant amount of profits when bitcoin increase in price as compared to when it's being splitted
I guess it all boils down to what you think is a decent amount of BTC that needs to be distributed among other wallets for safer keeping. I myself have not yet come to that amount, but I also put a lot of faith in hardware wallets so I will not be redistributing my assets any time soon.
What I would suggest is that you dedicate one part of your crypto portfolio to a hardware wallet and the other part to a trusted and well-known online wallet. From that wallet, you do all of your transactions and don't touch the hardware wallet. You can always transfer your funds between wallets, but do all other transactions through your online wallet just to keep it safe.
What I would suggest is that you dedicate one part of your crypto portfolio to a hardware wallet and the other part to a trusted and well-known online wallet. From that wallet, you do all of your transactions and don't touch the hardware wallet. You can always transfer your funds between wallets, but do all other transactions through your online wallet just to keep it safe.
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 that amount? I would say best to store it in one wallet. But as your bitcoin grow, it might be a good idea to split it up to different wallets for security purposes.
Personally though, I have one wallet wherein I save all my bitcoin, and then I have one wallet address for every exchanges that I've used.
I just curious, How way you choose to saving Bitcoin ?
Saving or storing? Is it storing?Quote
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 don't and you should not.0.01 BTC is small amount in BTC and you will have to pay transaction fee for each small part of your 0.01 BTC if you split them into 10 parts: 0.001 BTC for each.
The transaction fee for each part will be too big for each part value.
Worse if you include a few parts as inputs that will increase transaction size and increase transaction fee.
You can use change address rather than split them.
If you spend 0.001 BTC from the 0.1 BTC, the rest 0.008xx (after spend transaction fee) will be sent to a change address. You can use the 0.008xx BTC in the change address for future transactions and so on.
What is "Change" address on bitcoin wallet ? read to know !
Fee is main minus point but there is another. Do you plan to use exactly 0.01 BTC for each payment of yours? If you don't, what will you with the small BTC left less than 0.000xxx BTC? It has a value but you can not use it as fee restriction.
For me it depends purely on the btc price and how much of it have. I wouldn't bother to divide 0.01 between diffent addresses because just the fees would make a dent in it but usually i keep my investment in 5-10 different addresses, even if they weren't some in altcoins. Some of them i hold in trusted in exchanges for trading and cashing out.
Personally, if I were to buy bitcoin on the weekly/monthly(regardless if from centralized exchanges or p2p exchanges), I'd use wallets that gives me access to a lot of addresses off the bat, to somewhat make tracing harder, potentially increasing privacy. Address reuse is a no-go when it comes to privacy.
https://nopara73.medium.com/coin-control-is-must-learn-if-you-care-about-your-privacy-in-bitcoin-33b9a5f224a2
https://nopara73.medium.com/coin-control-is-must-learn-if-you-care-about-your-privacy-in-bitcoin-33b9a5f224a2
I just curious, How way you choose to saving Bitcoin ?
It depends on what I want. If I don't want to be known that I have 0.01 BTC then I shouldn't keep it on one address. I should split them on x addresses (Maybe not 10 with 100k sats each, because it looks obvious that they're mine). If I don't care about being known, then it'd be cheaper to create only one output.Its a waste of transaction fees.
It's not a waste of transaction fees if you want better privacy. Its hard enough to keep one private key, having 10 private keys will cost a hassle.
Who keeps the private key(s) anyway? Why would you choose an enormous 256-bit WIF encoded number that gives access to only one address over a mnemonic in which you can derive as many as you want?
why you used many wallet for saving.i want to chose only wallet .if you use some wallet carefully saved your privet phrase and key. many times people lost their wallet key .i think if you used one wallet it,s best for everyone. nowadays transaction fees very high.
Its a waste of transaction fees. There is no reason for you to split the coins to 10 addresses, just keep it in one address it's just 0.01BTC. Its hard enough to keep one private key, having 10 private keys will cost a hassle. This is not how to make your BTC safe from scammers or hackers, its just not exposing your private key to someone else.
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.
You can split your funds in different address according to your wish but for that you need to allocate huge funds for security purposes.But for small amount of Bitcoin such as 0.001 you can have one Bitcoin address of each type like P2SH address.You need to remember seed phrase for each of them and its easy to remember one or two of them and you can import your private keys and corresponding public key with that seed.But if you are using different address for such small amount it would result in paying higher transaction fees and issue of seed phrase so it's simple to use one wallet with one address. 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 it is savings then better to spread it out into a few wallets IMO,,, just to spread the risk if one gets lost or stolen.
But for daily purposes always better to only use one wallet and even to practice consolidation of inputs so you do not pay high miner fees when spending.
Why would your wallet get stolen, unless you are a blabber mouth or you are gullible and always clicking suspicious links then I can understand why you got your wallet stolen but to split the money on different addresses to mitigate risk when there is clearly no risk to mitigate is a bullshit. One wallet is enough, at best condition, a wallet is as strong as Fort Knox. I would disagree about one wallet is for daily purpose, one wallet can do other things. But for daily purposes always better to only use one wallet and even to practice consolidation of inputs so you do not pay high miner fees when spending.
If it is savings then better to spread it out into a few wallets IMO,,, just to spread the risk if one gets lost or stolen.
But for daily purposes always better to only use one wallet and even to practice consolidation of inputs so you do not pay high miner fees when spending.
I always spend from one input until they become small and then when I see many "dust" I consolidate on next spend.
But for daily purposes always better to only use one wallet and even to practice consolidation of inputs so you do not pay high miner fees when spending.
I always spend from one input until they become small and then when I see many "dust" I consolidate on next spend.
You can create a multi-sig wallet if you wanted to, but obviously, you need to store the seed/backup more carefully so you don't lose access to your wallet. I might consider splitting my balance if I have something I considered life-saving (which depends on where you live) though, as others mentioned above.
In the end, it depends on your lifestyle and the security around your place imo.
In the end, it depends on your lifestyle and the security around your place imo.
hero member
Activity: 2912
Merit: 541
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.
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 you only have a small amount of bitcoin, it is better to save in one wallet because that is not worth it if you split into many wallets. If you have more than 3-10 bitcoin, you can use 3-5 wallets to split the amount, and you can hold the biggest amount on one wallet, which you do not use to buy and sell or trade. Besides that, you can reduce the fees to send the bitcoin to the other wallet or exchange. But that will depend on yourself because if you think that it is better to use 2-3 wallets or even 10 wallets, you are free to use that.
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.
That is the only rational solution, why would you split it in multiple address in the first place? That will be a waste of time in my book. I thought that this thread was about saving bitcoin for something but it was just a plain old piggy bank saving kind of thing, utterly disappointed That's why it's the best option to save fees when you're going to save that amount into one address.
. As @batang_bitcoin said, the payment is also a bitch so might want to consider before splitting up what you are saving. If I were to have .01 bitcoin, I wouldn't just save it because I can see a potential of growth when I invest it into something.
Although you can save a little bit on fees like @batang_bitcoin said, if you want to improve your security you could have more addresses backed up as paper wallets so if one address/wallet gets stolen you only lose 10% (in the case you had your bitcoin split evenly between 10 addresses). If you choose to go on this route make sure you scatter the paper wallets in different locations. 
However I don't think it is worth the hassle. For 0.01 btc I would just use one address.
However I don't think it is worth the hassle. For 0.01 btc I would just use one address.
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.
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.
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.
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