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Topic: Why do people use so many Bitcoin wallets? - page 12. (Read 51715 times)

hero member
Activity: 1022
Merit: 538
After almost 1 year of posting this topic and people are still spamming on it. I think I now understand why people use so many Bitcoin wallets.
hero member
Activity: 644
Merit: 500
I think people use many bitcoin wallet because he wants more security. can be people that is one person who is very concerned with the security to save money, so he has a lot of bitcoin wallet

Most of the time yes, we do that, saving our coins into different wallets, aside from that some are also using different wallets for different transactions... It's easier to manage if you are receiving bitcoins in a specific wallet... Others use it not just for good but for their malicious doings...  Smiley
another thing is some of us also using it in different ways like if we deal with gambling we are using another wallet to received the winnings and when we do trading another wallet is what we provide both for safety and for some personal reason why we use different wallet.
global moderator
Activity: 2324
Merit: 1179
While my guitar gently weeps!!!
I think people use many bitcoin wallet because he wants more security. can be people that is one person who is very concerned with the security to save money, so he has a lot of bitcoin wallet

Most of the time yes, we do that, saving our coins into different wallets, aside from that some are also using different wallets for different transactions... It's easier to manage if you are receiving bitcoins in a specific wallet... Others use it not just for good but for their malicious doings...  Smiley
legendary
Activity: 3276
Merit: 1029
Leading Crypto Sports Betting & Casino Platform
Just wondering why people use so many Bitcoin wallets.
It's very easy to answer that people using bitcoin wallet it just because they using bitcoins and they using bitcoin as currency also to do some activities like doing some trading , investing and many more if you people are using banks then you using bitcoins then thats too hard for ya
You're already out of the topic and stop just be a blatant spammer in here, your answer and the question not synchronize.
hero member
Activity: 658
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.
Lol I think it has become common knowledge. You do not need to explain to many people about this. back to the topic there are many reasons why a person has a lot of addresses. yeah maybe for this reason as well? but someone who has a lot of wallets maybe they want a security?
hero member
Activity: 812
Merit: 1000
Just wondering why people use so many Bitcoin wallets.

In my opinion some people use many bitcoin wallet for safe, they only want to feel secure their bitcoin from hacker.
I think not make them safe. the possibility of stolen will remain the same, but the chances of all your money will be stolen has narrowed. because you have divided your bitcoin to many wallet so when your wallet hack you will not lose all of your bitcoin

That is the main reason for having multiple wallets, as it will surely minimize your risk of loosing them but its only smart to have multiple wallets if you have higher amount of coins or else one wallet would be enough.
hero member
Activity: 490
Merit: 500
Just wondering why people use so many Bitcoin wallets.

In my opinion some people use many bitcoin wallet for safe, they only want to feel secure their bitcoin from hacker.
I think not make them safe. the possibility of stolen will remain the same, but the chances of all your money will be stolen has narrowed. because you have divided your bitcoin to many wallet so when your wallet hack you will not lose all of your bitcoin
member
Activity: 81
Merit: 10
I use XAPO. They allow me to create multiple wallets. I not understand what is the purpose for this.
Can someone explain?
Thanks!
hero member
Activity: 546
Merit: 500
I think people use many bitcoin wallet because he wants more security. can be people that is one person who is very concerned with the security to save money, so he has a lot of bitcoin wallet
hero member
Activity: 910
Merit: 500
Just wondering why people use so many Bitcoin wallets.
It's very easy to answer that people using bitcoin wallet it just because they using bitcoins and they using bitcoin as currency also to do some activities like doing some trading , investing and many more if you people are using banks then you using bitcoins then thats too hard for ya
sr. member
Activity: 1002
Merit: 254
Tontogether | Save Smart & Win Big
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.

Probably some are doing that, but not all... There are people who are always after the security of their investment... It's a good practice, who knows, your computer might be compromised or the site that you are logging in is compromised so there is a chance that the wallet you've used there will also be compromised...  Smiley

There are some coins that are only on Polo and some that are only on another exchange, meaning that you can either TX in and out the Bitcoins to trade there, or leave some BTC there for future trades.
hero member
Activity: 812
Merit: 505
Just wondering why people use so many Bitcoin wallets.

In my opinion some people use many bitcoin wallet for safe, they only want to feel secure their bitcoin from hacker.
sr. member
Activity: 2436
Merit: 455
Because it is only allowed to have one wallet in one account, if you only use one wallet and you have two account that has the same bitcoin wallet and you're in a signature campaign I'm afraid you will get some trouble about it if someone will get an screen shot for it and report it to the admin of that signature campaign. That is the reason why do people use many bitcoin wallets. In order to not to be banned or kick you better follow this rule.
hero member
Activity: 1638
Merit: 505
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.
hero member
Activity: 714
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.

Probably some are doing that, but not all... There are people who are always after the security of their investment... It's a good practice, who knows, your computer might be compromised or the site that you are logging in is compromised so there is a chance that the wallet you've used there will also be compromised...  Smiley

Yes. Just like changjng passwords of email every month. This should be done regularly. Look what happened to yahoo. The news spread that they have already been hacked few years ago and they just knew it now as they want to sell it. The thing is many people now are getting good with computers and can make applications that can hack accounts faster than you expect it. Just one visit in a website can change it all.
Security forces have their money a lot of purses, even if it is connected with great difficulties and challenges, but it is not terrible comparing m losing money.

That was certainly true. It's something very terrible if could not anticipate. Therefore we can do harm if they take is personal or confidential data which has a very good value.
hero member
Activity: 1428
Merit: 506
People do use many bitcoin wallet is for security purposes.
Im not saying bitcoin wallet is not the safest most but its
for security reason that user may have a back up of bitcoin
account. Were if they earn in different investment, they can
have it place or store in different bitcoin wallets.
sr. member
Activity: 287
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.

Probably some are doing that, but not all... There are people who are always after the security of their investment... It's a good practice, who knows, your computer might be compromised or the site that you are logging in is compromised so there is a chance that the wallet you've used there will also be compromised...  Smiley

Yes. Just like changjng passwords of email every month. This should be done regularly. Look what happened to yahoo. The news spread that they have already been hacked few years ago and they just knew it now as they want to sell it. The thing is many people now are getting good with computers and can make applications that can hack accounts faster than you expect it. Just one visit in a website can change it all.
Security forces have their money a lot of purses, even if it is connected with great difficulties and challenges, but it is not terrible comparing m losing money.
legendary
Activity: 3346
Merit: 1134
Leading Crypto Sports Betting & Casino Platform
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.

Probably some are doing that, but not all... There are people who are always after the security of their investment... It's a good practice, who knows, your computer might be compromised or the site that you are logging in is compromised so there is a chance that the wallet you've used there will also be compromised...  Smiley

Yes. Just like changjng passwords of email every month. This should be done regularly. Look what happened to yahoo. The news spread that they have already been hacked few years ago and they just knew it now as they want to sell it. The thing is many people now are getting good with computers and can make applications that can hack accounts faster than you expect it. Just one visit in a website can change it all.
global moderator
Activity: 2324
Merit: 1179
While my guitar gently weeps!!!
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.

Probably some are doing that, but not all... There are people who are always after the security of their investment... It's a good practice, who knows, your computer might be compromised or the site that you are logging in is compromised so there is a chance that the wallet you've used there will also be compromised...  Smiley
legendary
Activity: 1218
Merit: 1000
I wasnt aware they did.  I only use 2. One on my pc and one on my phone.
I guess they have their own reasons for that. they may use it for various purposes such as online business or trading altcoin. Well, I own currently has two wallet on a different site, I use it for online business and storage separately bitcoin
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