Is it possible for a single person to hold multiple Bitcoin wallets? - page 2.

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Quote from: Amph on July 14, 2015, 01:38:56 AM

Quote from: GotaPauj on July 13, 2015, 07:10:58 PM

As far as i am on the forum, i see many people saying yes, so i am collecting money to buy a hero account, but seeems too far for me now.

you posted in the wrong thread, what you said has nothing to do with the discussion.... but i would suggest to buy a senior first, much cheaper and roughtly the same earning

probably just mindless sig spam, doesnt matter

Quote from: Amph on July 14, 2015, 01:38:56 AM

Quote from: notlist3d on July 13, 2015, 03:45:57 PM

Quote from: Amph on July 13, 2015, 09:57:27 AM

it's advisable to have more than one, in the case one of them will be corrupted or something(happened to me more than one time), now i' have 2-3 wallet just in case

2 for cold storage and one that is used as a main

I wish everyone did this. You honestly do need 2 wallets. And it takes at least one hot, and one cold wallet.

i like to have at least two cold wallet and one hot wallet with minimum amount of coin, but yes the general idea is this, instead i dinf useless to have more than one address on cold storage, because then you need to back up each time you make a new one..

why 2 cold wallets? im guessing one of them to transfer funds from and to your hot wallet and a second that would hold the majority of your funds for long term storage, am i right?

Amph

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Quote from: notlist3d on July 13, 2015, 03:45:57 PM

Quote from: Amph on July 13, 2015, 09:57:27 AM

it's advisable to have more than one, in the case one of them will be corrupted or something(happened to me more than one time), now i' have 2-3 wallet just in case

2 for cold storage and one that is used as a main

I wish everyone did this. You honestly do need 2 wallets. And it takes at least one hot, and one cold wallet.

i like to have at least two cold wallet and one hot wallet with minimum amount of coin, but yes the general idea is this, instead i dinf useless to have more than one address on cold storage, because then you need to back up each time you make a new one..

Quote from: GotaPauj on July 13, 2015, 07:10:58 PM

As far as i am on the forum, i see many people saying yes, so i am collecting money to buy a hero account, but seeems too far for me now.

you posted in the wrong thread, what you said has nothing to do with the discussion.... but i would suggest to buy a senior first, much cheaper and roughtly the same earning

wadili89

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Quote from: GotaPauj on July 13, 2015, 07:10:58 PM

As far as i am on the forum, i see many people saying yes, so i am collecting money to buy a hero account, but seeems too far for me now.

if i were you i never go for hero member account because its so expensive and ROI is much difficult then Full member account currently if you talk about signature compaigns full members are converting best amoung all with full member you will get your ROI in just one week 1st week, So go for full member dont wait for the hero

everaja

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Is it possible for a single person to hold multiple Bitcoin wallets?

Yeah , you can have as many wallets as you want.
The main reason behind having multiple wallet is that you can be much anonymous with that.
Moreover these days , i think all company provides multi-signature wallet which can help you to use the same wallet with different address.

GotaPauj

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As far as i am on the forum, i see many people saying yes, so i am collecting money to buy a hero account, but seeems too far for me now.

wadili89

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You can have as many wallets as you need and yes you can transfer your bitcoins from one waller to another and yes you can transfer your bitcoins without any problem if your 1st wallet is from different wallet provider then 2nd This is why i love bitcoins no bullshit no investigations and crap

notlist3d

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Quote from: jazzhandzer on July 13, 2015, 04:21:52 PM

Was the original suggestion to use a new receiving/sending address every time you make a transaction with Bitcoin? Does anyone do that currently?

I know some that do. All depends on the person.

The people that tend to use different ones each transaction tend to be the ones worried about their identity, wanting to be anonymous. It's not a bad thing to do at all, just a lot don't.

Biggest thing is the having cold and hot wallets and keeping majority in cold wallet.

jazzhandzer

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Howdy!

Was the original suggestion to use a new receiving/sending address every time you make a transaction with Bitcoin? Does anyone do that currently?

notlist3d

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Quote from: Amph on July 13, 2015, 09:57:27 AM

it's advisable to have more than one, in the case one of them will be corrupted or something(happened to me more than one time), now i' have 2-3 wallet just in case

2 for cold storage and one that is used as a main

I wish everyone did this. You honestly do need 2 wallets. And it takes at least one hot, and one cold wallet.

The hot wallet is easy to access and spend for what ever you want. Could be online, on a computer with internet, etc. But you do not hold a ton of BTC in it.

Other is cold wallet. This one can be many things but a good old paper wallet is hard to beat. You keep it offline and in safe places. You put majority in cold wallets as they should not be able to be hacked.

And no matter what kind of wallet keep multiple backups and keep safe backups.

Amph

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Quote from: ShamrockHannah on July 13, 2015, 12:40:19 PM

Yes but you would be spreading the same amount of coins between many different wallets so what's the point?

i said it above, to avoid that one of your wallet will get corrupted and you will lose everything, with multiple wallet you will lose only a tiny portion of your total balance

i thought it was a pretty simple concept to understand...

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Yes but you would be spreading the same amount of coins between many different wallets so what's the point?

Amph

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Quote from: ranochigo on July 13, 2015, 10:53:38 AM

Quote from: Amph on July 13, 2015, 09:57:27 AM

it's advisable to have more than one, in the case one of them will be corrupted or something(happened to me more than one time), now i' have 2-3 wallet just in case

2 for cold storage and one that is used as a main

Isn't that more about having backups? If you had backups on the addresses, you wouldn't have lost anything.

I would certainly recommend having a few addresses as you can easily determine the purpose of the transaction. When all the payments are concentrated in one address, it is hard to tell the purpose for them to send it. I personally use only 1 address as I take preventive measures to secure my computer. I would consider having additional addresses to serve as a cold storage if my fortune increases. If you use each address only once, it may help to protect against potential weak RNGs when creating transaction. It also help with anonymity.

address share the same amount, and they are in the same wallet, if that wallet will be corrupted you will lose everything, with multiple wallet.dat(i mean the file not the client) you can avoid this

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Quote from: Amph on July 13, 2015, 09:57:27 AM

it's advisable to have more than one, in the case one of them will be corrupted or something(happened to me more than one time), now i' have 2-3 wallet just in case

2 for cold storage and one that is used as a main

Isn't that more about having backups? If you had backups on the addresses, you wouldn't have lost anything.

I would certainly recommend having a few addresses as you can easily determine the purpose of the transaction. When all the payments are concentrated in one address, it is hard to tell the purpose for them to send it. I personally use only 1 address as I take preventive measures to secure my computer. I would consider having additional addresses to serve as a cold storage if my fortune increases. If you use each address only once, it may help to protect against potential weak RNGs when creating transaction. It also help with anonymity.

Amph

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it's advisable to have more than one, in the case one of them will be corrupted or something(happened to me more than one time), now i' have 2-3 wallet just in case

2 for cold storage and one that is used as a main

jonnybravo0311

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Not only is it possible, but it is also recommended. An offline, or cold-storage wallet, is a great place to keep the larger quantities of coin. A connected wallet (like Bitcoin Core or MultiBit HD) running on your computer that's online can be used to make purchases, pay bills, whatever. Finally, a mobile or online wallet for everyday spending when you're out and about. The amount of coin you keep in each decreases as you go: cold storage has the highest (least risk), mobile has the least (most risk).

sarcazzo

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Thanks for the quick answers guys, much appreciated

RodeoX

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I like to keep three types. Cold wallets for long term storage offline. This is where larger amounts are kept. A spending wallet on a secure computer. This is where I keep amounts in the hundreds for larger purchases. I keep it synced to the network. Then I also keep about $100USD on my smartphone for most purchases. This is less secure, but very convenient, and IMO, worth the risk.

ahmedjamal1998

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Yes ofcourse you can create as much as possible.
There isn't any restrictions regards the numbers of wallets you own.

Good Luck Wink

Crpytology

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Yes, like other people above me have stated, you can definitely have more than one wallet. I usually have a "hot" wallet where I keep a small portion of my bitcoins for transactions, and a "cold" wallet where I keep a large portion of my bitcoins for safe-keeping. Just like a checkings and savings account.

OmegaStarScream

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Quote from: sarcazzo on July 13, 2015, 09:28:03 AM

Sorry for the very noob question, but I googled for it without finding a proper answer.

What I mean is not moving your wallet from a provider to another, but having multiple different wallets containing different amounts of bitcoins.

Well you could use different client , Bitcoin Core , Electrum , Multibit HD etc .
But I don't see why while you can use Multiple adress , I mean this why adresses exists . Even if you see "1 BTC" on your wallet and it's received on two multiple adresses , the blockchain will show the adresses balance and not the wallet ,so you are safe and annonymus .

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