Topic: One Address VS Multi Addresses - page 2. (Read 1576 times)
Using multi address is safer and more privacy because the people cant track too much about your transaction with multiple address, but using multiple address can confuse other people and yourself because your address keep changing and you will have hard time to memorize it
Actually, I think using a single address or multiple addresses in various transactions are the same if done carefully. Someone uses multiple addresses in various transactions I think to secure or avoid losing all bitcoins, and maybe also to maintain privacy. So maybe many users use multiple addresses in various transactions this is for security and privacy. I personally use more than one address in each transaction.
If you receive many transactions to the same address, if you then send money from that one address you'll pay higher fees. better to use multiple addresses. Thus if you are a merchant or need to receive money always to the same address, you'll basically fucked up...
You only pay unnecessary high fees if your inputs are small/dust amounts because the amount will not be enough to cover the fee for additional bytes. Otherwise, it is cheaper than sending from multiple address.
Both of these are incorrect. It doesn't matter if you are sending from two outputs at the same address or from two outputs at different addresses. The size of the transaction will be the same.
I personally use multiple addresses. I have one for personal spending, one for savings, one for accepting donations. It's just alot more organized when using multiple addresses. Also, this is so people can't see how much all your bitcoins are, which is the case when using only a single address.
Using only one address is only beneficial in a way that you only have to only watch a single address.
Using only one address is only beneficial in a way that you only have to only watch a single address.
it is not just privacy reasons, there are more to reusing the same bitcoin address more than once for receiving multiple deposits. for example the biggest problem most people will face these days is the higher fees.
read this: https://en.bitcoin.it/wiki/Address_reuse
read this: https://en.bitcoin.it/wiki/Address_reuse
Hmm. This is the first time I've seen to reusing addresses referred to as fraud. Using one address to accumulate funds (for example, through escrow) or simply to track legitimate earnings are great reasons to want to use the same address. And yes, the privacy issue is there but having a known address signed by you is one way of verification.
I think using multi addresses is a great idea too, just to keep our Btc safe in the wallet, in case of an attack from hackers, so we do not lose all the Btc we have, if we only have one address and our Btc in the Stack at that address The same may be a big risk in case of hacker attacks all our Btc will be lost.
I use new address for every new person/client. But I reuse an address if the same client is paying me multiple times like in signature campaign. It works like an invoice to me.
You only pay unnecessary high fees if your inputs are small/dust amounts because the amount will not be enough to cover the fee for additional bytes. Otherwise, it is cheaper than sending from multiple address.
If you receive many transactions to the same address, if you then send money from that one address you'll pay higher fees. better to use multiple addresses. Thus if you are a merchant or need to receive money always to the same address, you'll basically fucked up...
You only pay unnecessary high fees if your inputs are small/dust amounts because the amount will not be enough to cover the fee for additional bytes. Otherwise, it is cheaper than sending from multiple address.
If you want some extra layer of personal privacy than using multiple bitcoin addresses would be wise decision but if you are not worried about your privacy and want to remember your bitcoin address than you can use single bitcoin address.
Say you access 100 faucets in each day and you give each of them your one address. You also take your other trades to that address.
If one of your faucets has systems on their site which track your IP or use other systems to try and find out who you are, perhaps they could find out who owns that address.
If there's a large amount of coins in that address, the faucet could know who you are. The more information you give to that faucet (e.g. your email), the more they could know about you and your spending habits.
If they know you, they could even find out your connections, like the addresses you've given money to...
While these are obscure scenarios, Bitcoin is so ideal to steal that a lot of people will try their best to find out about things like this. Ideally, you should keep your transactions in different addresses.
If one of your faucets has systems on their site which track your IP or use other systems to try and find out who you are, perhaps they could find out who owns that address.
If there's a large amount of coins in that address, the faucet could know who you are. The more information you give to that faucet (e.g. your email), the more they could know about you and your spending habits.
If they know you, they could even find out your connections, like the addresses you've given money to...
While these are obscure scenarios, Bitcoin is so ideal to steal that a lot of people will try their best to find out about things like this. Ideally, you should keep your transactions in different addresses.
What are the advantages or disadvantages of using one address for all your transactions versus using many addresses for various transactions?
Can using one address only can be beneficial somehow?
Can using one address only can be beneficial somehow?
Using multiple addresses is useful to those receiving regular bitcoin payments for any kinds etc. so that it was properly labeled as for future references when you want to look up something with the transaction.
Examples:
Address A = funds received from friends, colleagues etc.
Address B = funds received from referrals
Address C = funds received from business/payments
Address D = funds received from loans
multi address, so nobody can track from where the funds are coming and going., its for privacy reason and addresses are free so why not ?
while in single address, ppl can see where the funds are coming from and where are they going .
while in single address, ppl can see where the funds are coming from and where are they going .
I have multiple wallets for various reasons, and they all generates a new address for each transaction.
I don't even pay attention to the addresses. Why bother? I let the wallets worry about the addresses.
I don't even pay attention to the addresses. Why bother? I let the wallets worry about the addresses.
If you receive many transactions to the same address, if you then send money from that one address you'll pay higher fees. better to use multiple addresses. Thus if you are a merchant or need to receive money always to the same address, you'll basically fucked up...
And how is that different from using multi addresses?What will make you need to pay higher fees is the number of separate transactions you received, inputs and outpus. It doesn't matter that much if you use only one or multiple addresses. In the worst case scenario you will actually end up paying more if you use multiple addresses to receive payments.
If you receive many transactions to the same address, if you then send money from that one address you'll pay higher fees. better to use multiple addresses. Thus if you are a merchant or need to receive money always to the same address, you'll basically fucked up...
it is not just privacy reasons, there are more to reusing the same bitcoin address more than once for receiving multiple deposits. for example the biggest problem most people will face these days is the higher fees.
read this: https://en.bitcoin.it/wiki/Address_reuse
read this: https://en.bitcoin.it/wiki/Address_reuse
The fee problem is still a problem no matter what you do with your addresses. It's all about the quantities you are holding on said addresses. For example, people asking for donations have told their viewers/fans/whatever, to not send small amounts of BTC, because this creates a ton of inputs. It's better for them to save money and send $10 or so per transaction.
Tone Vays for example, told this to people, and also started accepting Litecoin donations because recieving small transactions in bitcoins is a mess until we get segwit and lightning network.
I use multiple addresses to split my income and expenses and to keep my finances private. I use a new address for every new service I sign up
for. I have 1 address for every faucet for instance.. this will keep "dust" transactions out of my main addresses. Nobody will be able to track my
spending habits from multiple addresses too.
for. I have 1 address for every faucet for instance.. this will keep "dust" transactions out of my main addresses. Nobody will be able to track my
spending habits from multiple addresses too.
I use Multi addresses if the amount of money worth it if not i keep the same address until it have enough money to be worth the fee then switch it .
It's simply a matter of privacy. If you use a different address each time you want to receive bitcoins that could make it hard for people to link them back to you while using one only pretty much means anyone checking your address on a blockexplorer knows your life story.
Privacy isn't really an option for Bitcoin just because of the nature of Bitcoin itself. Sure you can have the person paying you send it to a different address, but that doesn't prevent that person from seeing where you sent the next coins too as well as anyone else for that matter since it is an open ledger.
I think as long as the addresses which generated by one wallet still can Link to your main wallet, not sure as I never tried it before but it seems many people in this forum did that.
To protect your funds privacy, better to use several wallet platforms such as electrum, bitcoin core, blockchain, coinbase and many others. So, every transaction that you make should belong to different address and different wallet as well.
It can be state as beneficial, because you have to pay fees for every wallet/transaction, at least you know which one provide better service and low fees, maybe.
To protect your funds privacy, better to use several wallet platforms such as electrum, bitcoin core, blockchain, coinbase and many others. So, every transaction that you make should belong to different address and different wallet as well.
It can be state as beneficial, because you have to pay fees for every wallet/transaction, at least you know which one provide better service and low fees, maybe.
Bad idea to do that for the sake of privacy, especially using coinbase. Your best bet is to run a wallet through Bitcoin Core so you can at least go through your own node and not rely on third parties.
I think as long as the addresses which generated by one wallet still can Link to your main wallet, not sure as I never tried it before but it seems many people in this forum did that.
To protect your funds privacy, better to use several wallet platforms such as electrum, bitcoin core, blockchain, coinbase and many others. So, every transaction that you make should belong to different address and different wallet as well.
It can be state as beneficial, because you have to pay fees for every wallet/transaction, at least you know which one provide better service and low fees, maybe.
To protect your funds privacy, better to use several wallet platforms such as electrum, bitcoin core, blockchain, coinbase and many others. So, every transaction that you make should belong to different address and different wallet as well.
It can be state as beneficial, because you have to pay fees for every wallet/transaction, at least you know which one provide better service and low fees, maybe.
it is not just privacy reasons, there are more to reusing the same bitcoin address more than once for receiving multiple deposits. for example the biggest problem most people will face these days is the higher fees.
read this: https://en.bitcoin.it/wiki/Address_reuse
read this: https://en.bitcoin.it/wiki/Address_reuse
I do agree that using multi address nowadays in transactions would be not beneficial though it doesn't change the fact that it will really offers you to be more private. Though I know a wallet that if you transfer Bitcoin to the same wallet it has no transaction fees only applied for external wallets unlike in Mycelium which you can create multiple addresses but if you transafer it to another Mycelium address you made, it has transaction fees.
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