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Topic: Why do people use so many Bitcoin wallets? - page 10. (Read 51660 times)

sr. member
Activity: 350
Merit: 250
Actually i am not the one who is using many bitcoin wallets at a time.Yes i do have registered with different wallets to check the features of those but mostly i am using only one wallet that is block.io because it is very simple with no complications and the second one is blockchain.info wallet for me.
hero member
Activity: 1358
Merit: 622
Maintain Social Distance, Stay safe.
maybe they made a lot wallet to make a lot of clone accounts as well .. Grin
Maybe your right since i seen i thread before in this forum that has many alt accounts but they are still trace because of transactions..
For me i just use one wallet i am using electrum because i think this is the most secured wallet that i experience than online wallets.
sr. member
Activity: 1020
Merit: 253
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maybe they made a lot wallet to make a lot of clone accounts as well .. Grin
legendary
Activity: 1008
Merit: 1000
People who are holding huge volume of coins will never prefer to keep all their coins at a single place and will go for multiple wallets to diversify their risks, but if you have limited coins then its always good to have them in a single wallet.
hero member
Activity: 490
Merit: 500
i didn't notice or maybe it depends on the user. sometimes they use it to avoid detection on something they're involved.
i've using only two.
I think not to go undetected because if you want you can no longer detectable using other bitcoin address, and it can be done only with one wallet, because the wallet can contain hundreds of addresses? so I think the reason is more than that

hero member
Activity: 1008
Merit: 540
people use many bitcoin wallet because they wanted their bitcoin is stored securely, and therefore they have more than one bitcoin wallet. I think that's good
even they use one bitcoin there are secured already but if this really the matter that people are creating so much money i think it just because of gambling ? well i will tell you here in my country you will not allowed to receive bitcoin from any gambling website if they found out that address is from gambling your bitcoin wallet will be locked! then thats the reason why some of my country men are using multiple wallets
legendary
Activity: 1372
Merit: 1008
Some people use many Bitcoin wallet specially those people who wants to earn a lot of bitcoin every week for signature campaign plus many accounts here in bitcointalk. As for me i only use 1 Bitcoin wallet , 1 is enough for me to received and send bitcoins.
it is very possible. bitcoin wallet reproduce address can also bring opportunities to earn more money. we are free to use it. it is a choice.
Yeah May be that is right but use so many bitcoin wallet will make them get higher fee cost. but If they do this becouse of security . It could be the best way,becouse everithing in the internet is could be hacked by some one who know about how this texhnology work.
I think it is not a problem of lack of use of many wallets are you going to feel confused because it uses a lot of wallets and other is the fee you're going to spend more. yeah it is a risk that you will be able to when using many wallets, but it was not a problem because you benefit with higher security

sr. member
Activity: 364
Merit: 250
People dont use many wallets i think they are just using one wallet maybe others want to use more just becuase that is becasue they have that lot of bitcoins i dont know what it else can be.
sr. member
Activity: 244
Merit: 250
Peopple uses more than one wallet and that is becuase i know for sure that lots of people want to put their money on one bank you also have more than one bank account for your dollars so bitcoin usrs also.
legendary
Activity: 3108
Merit: 1115
Leading Crypto Sports Betting & Casino Platform
iam use multi wallet multi addres
i want my bitcoin is save, this much have multi wallet if you bitcoin attact hack, you not lost all bitcoin
a good idea it is the main function why I use 4 wallet as well today. in addition to this course I was more anonymous so that I get a higher security true what was said to you that the possibility for all of your bitcoin stolen will shrink. so this is a good method


Yeah we know there have been a lot of hacks just by clicking the evil websites they created. With this method we are to keep safe our other bitcoins. They might get one but they will get a hard time with other accounts.
legendary
Activity: 1554
Merit: 1054
iam use multi wallet multi addres
i want my bitcoin is save, this much have multi wallet if you bitcoin attact hack, you not lost all bitcoin
a good idea it is the main function why I use 4 wallet as well today. in addition to this course I was more anonymous so that I get a higher security true what was said to you that the possibility for all of your bitcoin stolen will shrink. so this is a good method

Yes, when you are using different bitcoin address for different purpose your anonymity is highly assured additional to what bitcoin is already providing. It means we are protected with double layer of anonymity. Being anonymous must be one of the security measurements to ensure our protection from hackers.
hero member
Activity: 532
Merit: 500
iam use multi wallet multi addres
i want my bitcoin is save, this much have multi wallet if you bitcoin attact hack, you not lost all bitcoin
a good idea it is the main function why I use 4 wallet as well today. in addition to this course I was more anonymous so that I get a higher security true what was said to you that the possibility for all of your bitcoin stolen will shrink. so this is a good method
hero member
Activity: 2842
Merit: 625
But different with the mainstream answer in this place, for researching about measuring the security in every wallet and for getting the best wallet who has a good security in my mind. starting from analyze a various features and program in the wallet and that's not about securing my money.

I did this before I created xapo wallet and block chain wallet. So at first the only wallet I know is xapo and upon using xapo upgraded and its security went higher too.

And I found it interesting that xapo is making their security stronger but I stopped on that time, because it makes me annoyed.

But as of now, I am sticking with blockchain.
hero member
Activity: 2772
Merit: 524
Leading Crypto Sports Betting & Casino Platform
But different with the mainstream answer in this place, for researching about measuring the security in every wallet and for getting the best wallet who has a good security in my mind. starting from analyze a various features and program in the wallet and that's not about securing my money.
sr. member
Activity: 406
Merit: 250
Some people use many Bitcoin wallet specially those people who wants to earn a lot of bitcoin every week for signature campaign plus many accounts here in bitcointalk. As for me i only use 1 Bitcoin wallet , 1 is enough for me to received and send bitcoins.
it is very possible. bitcoin wallet reproduce address can also bring opportunities to earn more money. we are free to use it. it is a choice.
Yeah May be that is right but use so many bitcoin wallet will make them get higher fee cost. but If they do this becouse of security . It could be the best way,becouse everithing in the internet is could be hacked by some one who know about how this texhnology work.
well yeah bitcoins are really safe at the moment but it might be hacked in the future too
hero member
Activity: 658
Merit: 500
I think people feel safest when they use multiple wallets, so they have always more than place to store their bitcoins and dont put all their eggs in just one basket
yeah I did that, at least I have 3 bitcoin wallet and I split my third to the wallet, sure to make it look secure. because of the possibility of hackers to get into your wallet perfectly possible, so to minimize the loss of all the money, I had to split into many places
legendary
Activity: 1232
Merit: 1029
I use XAPO. They allow me to create multiple wallets. I not understand what is the purpose for this.
Can someone explain?
Thanks!
Lol I think there is not any purpose xapo provide flexibility, because in fact there is no prohibition to use a lot of wallets. even you are free to have 100 wallet though. there is nothing wrong with it. but of course has a lot of purses will make you confused? so use only as needed
Yes, getting involved with the so many different wallets and dealing with many different passwords and seed words really getting our life messy if we are not properly managing them. Having multiple bitcoin wallets for different purposes must be right idea but having them without purposes might lead to more confusions over time.
hero member
Activity: 644
Merit: 500
iam use multi wallet multi addres
i want my bitcoin is save, this much have multi wallet if you bitcoin attact hack, you not lost all bitcoin
hero member
Activity: 532
Merit: 500
I use XAPO. They allow me to create multiple wallets. I not understand what is the purpose for this.
Can someone explain?
Thanks!
Lol I think there is not any purpose xapo provide flexibility, because in fact there is no prohibition to use a lot of wallets. even you are free to have 100 wallet though. there is nothing wrong with it. but of course has a lot of purses will make you confused? so use only as needed
hero member
Activity: 490
Merit: 500
Some people use many Bitcoin wallet specially those people who wants to earn a lot of bitcoin every week for signature campaign plus many accounts here in bitcointalk. As for me i only use 1 Bitcoin wallet , 1 is enough for me to received and send bitcoins.
it is very possible. bitcoin wallet reproduce address can also bring opportunities to earn more money. we are free to use it. it is a choice.
Yeah May be that is right but use so many bitcoin wallet will make them get higher fee cost. but If they do this becouse of security . It could be the best way,becouse everithing in the internet is could be hacked by some one who know about how this texhnology work.
yeah because you're going to wear a lot of addresses of course fee to send bitcoin will increase, but I think it is not a matter of seeing we will get better so the likelihood of security for all of us stolen bitcoin will be smaller. not a problem to get a bigger fee
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