Well, you not restricted to using only one wallet, which is, in my opinion a good thing. {Use a new one for every new service you are testing}
Or you could use one and just break up the coins and send them to paper wallets as they come in.... {The amount left in you main account, will not be attractive for a hacker, if it only has 0.1 btc or less}
Most people use different wallets for anonymity {If you track back to the original wallet, you will eventually find the owner and all his spending patterns...}
Topic: What is the purpose of creating a new wallet for, why not use just 1? - page 2. (Read 1637 times)
March 08, 2015, 05:43:16 AM
March 08, 2015, 05:34:19 AM
Today I would like to ask the community what and how the wallet systems work on block chain.info
So I make a new wallet for any incoming transaction, does this help add anonymity to my wallets, or does it still come down to my wallet identifier. I am trying understand why people recommend to always use a new wallet for every incoming transaction.
Something doesnt make sense to me….
So I make a new wallet for any incoming transaction, does this help add anonymity to my wallets, or does it still come down to my wallet identifier. I am trying understand why people recommend to always use a new wallet for every incoming transaction.
Something doesnt make sense to me….
It can help anonymity but not if they all get spend linked as people can then see all the addresses that belong to you. This might not be a big deal but depends on how anonymous you want to be. Some people don't want others knowing all their addresses or balances so they use new addresses. It doesn't have anything to do with your wallet identifier. That is just essentially your log in name.
March 08, 2015, 05:07:09 AM
I sometimes create new accounts for different things that I might get involved in. For example I have an address just for my gambling funds.
March 08, 2015, 05:05:01 AM
My reason is that I like to keep my coins save in several wallets. 8 cold wallets to be precise.
If you store all your coins in just 1 cold wallet and something happens with it, then you're going to feel sorry for not using multiple wallets.
And also, my cold wallets only contain received transactions.
If you store all your coins in just 1 cold wallet and something happens with it, then you're going to feel sorry for not using multiple wallets.
And also, my cold wallets only contain received transactions.
March 08, 2015, 04:54:40 AM
I have several wallets for the same purpose that I have several bank accounts in several different countries.
When you have several sources of income and several ways to spend it, you need organization. Also, in my physical wallet, the one I have in my pocket, I have 2 bills compartments, and that's nice. One for Euros, one for Swiss francs...
When you have several sources of income and several ways to spend it, you need organization. Also, in my physical wallet, the one I have in my pocket, I have 2 bills compartments, and that's nice. One for Euros, one for Swiss francs...
March 08, 2015, 03:39:14 AM
Today I would like to ask the community what and how the wallet systems work on block chain.info
So I make a new wallet for any incoming transaction, does this help add anonymity to my wallets, or does it still come down to my wallet identifier. I am trying understand why people recommend to always use a new wallet for every incoming transaction.
Something doesnt make sense to me….
So I make a new wallet for any incoming transaction, does this help add anonymity to my wallets, or does it still come down to my wallet identifier. I am trying understand why people recommend to always use a new wallet for every incoming transaction.
Something doesnt make sense to me….
It probably helps to keep your identity more anonymous but that wouldn't be very logical anyways since anyone could look at the address you forwarded the payment to, if you forward your transactions every time to the same address, then obviously everyone would know that that address you're constantly sending funds to, is your main address.
People might recommend you using bitcoin mixers as well, but that's generally for illegal & criminal activities. I don't recommend it because if something goes wrong with that mixer site, you lose all your bitcoins. You also have to pay a very expensive fee to use their service.
Did I answer your concerns or do you still have questions about:
Today I would like to ask the community what and how the wallet systems work on block chain.info
March 08, 2015, 03:35:55 AM
Well, creating multiple wallet, in my view, is to disperse funds and avoid putting all your eggs in one basket that is dangerous.
The longer you use that wallet, more dangerous the wallet will be, because the hacker might target your wallet or your passwords might get leak. So changing wallet is a good way to avoid this situations.
The longer you use that wallet, more dangerous the wallet will be, because the hacker might target your wallet or your passwords might get leak. So changing wallet is a good way to avoid this situations.
March 08, 2015, 03:28:14 AM
Today I would like to ask the community what and how the wallet systems work on block chain.info
So I make a new wallet for any incoming transaction, does this help add anonymity to my wallets, or does it still come down to my wallet identifier. I am trying understand why people recommend to always use a new wallet for every incoming transaction.
Something doesnt make sense to me….
So I make a new wallet for any incoming transaction, does this help add anonymity to my wallets, or does it still come down to my wallet identifier. I am trying understand why people recommend to always use a new wallet for every incoming transaction.
Something doesnt make sense to me….
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