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Topic: Is it safe to keep all your Bitcoins in one wallet? (Read 3575 times)

legendary
Activity: 938
Merit: 1002
Is it safe to keep all your Bitcoins in one wallet in blockchain.info? I have 2FA activated but still.
If one type of wallet by chance got identified with any possible vulnerability, the bitcoins in other type of wallet will be safer by that time. So, it highly advisable not to hoard all the coins into single address/wallet. Personally I use multibit, electrum and blockchain.info for various reasons. I have back up in three different geo locations.
sr. member
Activity: 386
Merit: 250
It depends on  what  type  of   wallet  are you storing  up  your bitcoins, If its  on an  online wallet then  sure  it has big risk  on  lossing it because  you  dont have  its private keys  unlike on pc wallets and  cold storages.  Web wallets are  only  good for faster online transactions.

Agree,  web or online wallet  are good  only for   fast exchange or payments  onto services  online or  buying up something but  its not really safe  to   put  up your   bitcoin  on  their    but   there are  still good web wallets like  blockchain  which  do have a good security   on their  wallets and i didnt even heared about  any complain  of  being  hacked  or  lost  bitcoins  into someone. 

Keeping bitcoins in online wallet involves huge risk as some may hack your wallet in future so better choice is to put them in offline wallet so the risk of loosing your bitcoins gets lower and you can transfer your bitcoins to online wallet only in case if you are gonna sell them and that also the amount that you require.
newbie
Activity: 50
Merit: 0
It depends on what kind of wallet you are using.  Cold storage is recommended if you're planning to keep all your coins in one wallet.
As for me I'm dividing my funds into 3 wallets,  1 Web, 1 Android,  1 windows
legendary
Activity: 1386
Merit: 1020
DGbet.fun - Crypto Sportsbook
It depends on  what  type  of   wallet  are you storing  up  your bitcoins, If its  on an  online wallet then  sure  it has big risk  on  lossing it because  you  dont have  its private keys  unlike on pc wallets and  cold storages.  Web wallets are  only  good for faster online transactions.

Agree,  web or online wallet  are good  only for   fast exchange or payments  onto services  online or  buying up something but  its not really safe  to   put  up your   bitcoin  on  their    but   there are  still good web wallets like  blockchain  which  do have a good security   on their  wallets and i didnt even heared about  any complain  of  being  hacked  or  lost  bitcoins  into someone. 
hero member
Activity: 3010
Merit: 794
It depends on  what  type  of   wallet  are you storing  up  your bitcoins, If its  on an  online wallet then  sure  it has big risk  on  lossing it because  you  dont have  its private keys  unlike on pc wallets and  cold storages.  Web wallets are  only  good for faster online transactions.
hero member
Activity: 2996
Merit: 609
In my own  opinion  with this , i could really say  that  its better  to  store all your  bitcoins  on a single  wallet   for you dont have any confusions  regarding  on your  transactions , if you do  really  hold  tons of  bitcoins  then  make  a  partitions, best to store  those on a hardware wallet  with  private keys  been  keep secure and then  get  only the amount  you would  use and  put it on either  pc wallet or  web wallet  just  be  responsible  to take care of your  bitcoins.
sr. member
Activity: 435
Merit: 251
If you have 2FA activated, then I think it is safe. Your mobile is always with you, so everything is ok. But you can buy also Trezor hardware wallet - it is safest bet.
legendary
Activity: 1232
Merit: 1000
4 years I use blockchain.info and also activated 2FA. as long as it is also I keep my bitcoin in large amounts and I never got any problems, let alone got hacked. blockchain.info even now getting better with new features, as well as better security.
hero member
Activity: 2590
Merit: 644
If you ask me, Yes it's safe to keep all your bitcoins in one wallet. I've been keeping my bitcoins on a blockchain wallet for a few months and based on my experience, I didn't encountered any problems. But before you put all your bitcoins to one wallet you need to make sure that your wallet is secured by enabling 2FA so even though the hackers already know your password they can't get your bitcoins because you have the final key which is the 2FA.
hero member
Activity: 1022
Merit: 564
Need some spare btc for a new PC
I guess that is nice that you can get your private key.
But the problem is someone else has access to it too.

I've been using blockchains wallet for a few years now, keeping small amounts tho, but if you know how to keep your wallet safe, you're good.
hero member
Activity: 777
Merit: 1003
I guess that is nice that you can get your private key.
But the problem is someone else has access to it too.
legendary
Activity: 1386
Merit: 1020
DGbet.fun - Crypto Sportsbook
For my opinion, is it safe to keep all your bitcoins in one desktop wallet but your computer must be safe from viruses or malware and also encrypted with passwords. For online wallets, I do not think they are very secure as I do not have the full control of the wallet. I cannot get the private keys on the online wallet sometimes. They also might discloses information to a third party as the service can associate your payments together, log your IP address and know your real identity if you provide personal information like your email, name or banking account. So choose your wallet carefully.
Actually  you could already get your private  keys  on a  particular web  wallet which is   blockchain.info ,  this  information  is  being said    on this forum  by some  member which  i  knew it  also recently  and  i try to  find it and  i  actually see it  and its  really a good thing   that we  have an access  to   our keys  on a web wallet. New thing  on  my  ears but  this is really a good news.
hero member
Activity: 1372
Merit: 503
It depends on how good you are at managing different account.
In case you are a little absentminded and put the list with your passwords in places you forget them, or match the passwords to the wrong wallets, it might be a good decision to make it as easy as possible.
And that would mean having just one wallet where everything comes together.

Of course, if that one wallet is corrupted somehow, everything is gone.
Is there any posibility that one wallet can be corrupted somehow? and then what will the CEO gonna do with the bitcoins? i think it save automatically into his wallet? And yeh it depends on how good he is managing different accounts of bitcoin wallets and for me i always printing important things and information regarding on my bitcoin wallet.

I think ther is no program out there that can actually break into your wallet and steal the coins you own.
With corrupted I mean that somebody gets hold over your login details. That can happen if the computer has some sort of virus on it that logs your key strikes.
It's the same with the printed version. Pictures are taken relatively fast these days with every smartphone.
Once the coins are out of your reach, they are lost for ever.
I think his holding huge amount of bitcoin or his planning to make some investment or his gonna convert his money into bitcoin and try his luck to do some good trading and investment with bitcoin currencies and he is just confused if someone can really hack his wallet and steal his coin by generating or making some sh*t programed
full member
Activity: 238
Merit: 100
For my opinion, is it safe to keep all your bitcoins in one desktop wallet but your computer must be safe from viruses or malware and also encrypted with passwords. For online wallets, I do not think they are very secure as I do not have the full control of the wallet. I cannot get the private keys on the online wallet sometimes. They also might discloses information to a third party as the service can associate your payments together, log your IP address and know your real identity if you provide personal information like your email, name or banking account. So choose your wallet carefully.
sr. member
Activity: 462
Merit: 250
I am more comfortable using online wallet.  Cause i change my password everyday to avoid being hacked by someone ,and using 2a authentication.
hero member
Activity: 1022
Merit: 564
Need some spare btc for a new PC
Yes it is good to keep all your bitcoins in one wallet, but you have to follow of their security measures. I am maintaining all my bitcoins at one place only.

It's not a good idea. Even if you already set all the security configurations the system isn't 100% safe.
The chance of something bad happen to your money is low but it's real.
If you have a lot of money, caution with that, because you can be the target of malicious persons.

If you do not intend to keep high amounts of btc on that wallet, if you use it emidiately than i believe its ok, ive been using one wallet (blockchain.info) for pretty much everything and didnt ever had problems, just make sure u use all available security measures.
hero member
Activity: 1190
Merit: 525
CryptoTalk.Org - Get Paid for every Post!
Yes it is good to keep all your bitcoins in one wallet, but you have to follow of their security measures. I am maintaining all my bitcoins at one place only.

It's not a good idea. Even if you already set all the security configurations the system isn't 100% safe.
The chance of something bad happen to your money is low but it's real.
If you have a lot of money, caution with that, because you can be the target of malicious persons.
sr. member
Activity: 658
Merit: 251
VIMee - Social Network
Yes it is good to keep all your bitcoins in one wallet, but you have to follow of their security measures. I am maintaining all my bitcoins at one place only.
hero member
Activity: 616
Merit: 502
For me it's not safe. Why?, because what if someone accidentally open your account and transfer all your bitcoin in his account?, then all your hard works, efforts, and time just to earn that amount of bitcoin would just be ended up in nothing. The other is that you can also get ban here if someone notice that you are using one bitcoin wallet using your two account here, and I know you don't want it to happen, that's why it would be better if you would have two different bitcoin wallet in your two account to be safe.
hero member
Activity: 1148
Merit: 500
Offline and online wallet has its disadvantages. They all both has a risk. Its up to you how you manage the risks For small amount, i preffer online wallet. But for large amount i preffer cold storage or paper wallet. If you are not confident to to store your btc in one wallet. Then split it and store it to your desired wallet.
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