Topic: Why do people use so many Bitcoin wallets? - page 13. (Read 51715 times)
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.
Why do people use so many Bitcoin wallets?possible to take giveaway,usually many people use more than one bitcoin address it to take giveaway
but it does not much like it,but I use more than one address only to send send only,because I save my bitcoin in blockchain to Coinbase and others
but using 1 bitcoin address it better
if you're talking about giveaway here,the address is just for sending the prize while actually if you're having many wallet but still using one account it mean you will only get one giveaway,so having many wallet have nothing to do with the giveaway thingbut it does not much like it,but I use more than one address only to send send only,because I save my bitcoin in blockchain to Coinbase and others
but using 1 bitcoin address it better
but for me to use many wallets, to avoid from hackers and also avoid interference from other wallets. when I was in desperate need.
I do have more than one,but my bitcoin wallet very safe.
because I have a lot of exchange account so I have many bitcoin address.
Just wondering why people use so many Bitcoin wallets.
Some of the member here they used multiple wallet maybe because they want to put their coins safely than to any other place. Even me I also used multiple bitcoin wallet to secure it wisely. And I think its the right decision for me at all.
but i don't think using multiple wallets is going to bring any more safety than using just one cold storage wallet can bring to you!
i have made myself a good cold storage and i am keeping it safe and i think that is more than enough
No matter what, once per week I send the wallet.dat files from the two software wallets to a secure storage place, in case of a PC issue. I have more, and those are kinda of forced on you.
Keeping track of it all can be fun, but it is worth it.
Just wondering why people use so many Bitcoin wallets.
Actually, I don't have any idea why they used multiple bitcoin wallets, because for me I only use one bitcoin wallet. Maybe later I'm gonna try to do it also. And as far as I can see they do it because they want to put it safely where they are confident that no one can take the coin from them.
Just wondering why people use so many Bitcoin wallets.
Some of the member here they used multiple wallet maybe because they want to put their coins safely than to any other place. Even me I also used multiple bitcoin wallet to secure it wisely. And I think its the right decision for me at all.
but i don't think using multiple wallets is going to bring any more safety than using just one cold storage wallet can bring to you!
i have made myself a good cold storage and i am keeping it safe and i think that is more than enough
Just wondering why people use so many Bitcoin wallets.
Some of the member here they used multiple wallet maybe because they want to put their coins safely than to any other place. Even me I also used multiple bitcoin wallet to secure it wisely. And I think its the right decision for me at all.
Why do people use so many Bitcoin wallets?possible to take giveaway,usually many people use more than one bitcoin address it to take giveaway
but it does not much like it,but I use more than one address only to send send only,because I save my bitcoin in blockchain to Coinbase and others
but using 1 bitcoin address it better
if you're talking about giveaway here,the address is just for sending the prize while actually if you're having many wallet but still using one account it mean you will only get one giveaway,so having many wallet have nothing to do with the giveaway thingbut it does not much like it,but I use more than one address only to send send only,because I save my bitcoin in blockchain to Coinbase and others
but using 1 bitcoin address it better
but for me to use many wallets, to avoid from hackers and also avoid interference from other wallets. when I was in desperate need.
Right, for giveaway, one wallet is enough for tiny money, like 0.5 mbtc giveaway. Who use many wallets are mainly to avoid hackers, or physical hazards.
It's always a good thing to diversify and that is the reason, why people are using more than one bitcoin wallet. If you have a small amount in bitcoin, then using more than one account does not make sense. But if you are holding a good amount of money, then it is recommended to use more than one account.
If one wallet service provider goes down by any chance, at least some of your holdings will still be secure and you don't have to worry much about loosing all your money.
If one wallet service provider goes down by any chance, at least some of your holdings will still be secure and you don't have to worry much about loosing all your money.
I think the difference is the number of advantages each wallet offer for the individual, For example if you want something fast and easy to use you can use something simple like Electrum and when you want to use something well-secured you can use Armory or Core.
The idea is that one is very active and the other is more long term. Bitcoin itself does not stake, there are sites that seem to pay a version of interest, but I would rather not deal with the rules and regs of minimum in and out for those sites and there is always a trust factor.
much people use many bitcoin wallet because in savety and secure
is only one use wallet , if wallet maintanance trouble and another problem
this can't use bitcoin do nothing trading and transaction
is only one use wallet , if wallet maintanance trouble and another problem
this can't use bitcoin do nothing trading and transaction
I think the difference is the number of advantages each wallet offer for the individual, For example if you want something fast and easy to use you can use something simple like Electrum and when you want to use something well-secured you can use Armory or Core.
Why do people use so many Bitcoin wallets?possible to take giveaway,usually many people use more than one bitcoin address it to take giveaway
but it does not much like it,but I use more than one address only to send send only,because I save my bitcoin in blockchain to Coinbase and others
but using 1 bitcoin address it better
if you're talking about giveaway here,the address is just for sending the prize while actually if you're having many wallet but still using one account it mean you will only get one giveaway,so having many wallet have nothing to do with the giveaway thingbut it does not much like it,but I use more than one address only to send send only,because I save my bitcoin in blockchain to Coinbase and others
but using 1 bitcoin address it better
but for me to use many wallets, to avoid from hackers and also avoid interference from other wallets. when I was in desperate need.
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Why do people use so many Bitcoin wallets?possible to take giveaway,usually many people use more than one bitcoin address it to take giveaway
but it does not much like it,but I use more than one address only to send send only,because I save my bitcoin in blockchain to Coinbase and others
but using 1 bitcoin address it better
if you're talking about giveaway here,the address is just for sending the prize while actually if you're having many wallet but still using one account it mean you will only get one giveaway,so having many wallet have nothing to do with the giveaway thing but it does not much like it,but I use more than one address only to send send only,because I save my bitcoin in blockchain to Coinbase and others
but using 1 bitcoin address it better
Why do people use so many Bitcoin wallets?possible to take giveaway,usually many people use more than one bitcoin address it to take giveaway
but it does not much like it,but I use more than one address only to send send only,because I save my bitcoin in blockchain to Coinbase and others
but using 1 bitcoin address it better
but it does not much like it,but I use more than one address only to send send only,because I save my bitcoin in blockchain to Coinbase and others
but using 1 bitcoin address it better
People use more than one wallets because of security, it is not like that bitcoin wallets are not secure but sometimes things happen like a wallet gets hacked or maybe the websites gets an attack so in that case you might lose all your coins but if you keep them in seperate wallets you wont lose them all at once even if something happens.
Some people want to ensure their security due to the fact a lot of bitcoin wallets get hacked these days.
If you use bitcoin online wallet its better to spread your bitcoins.
If you use bitcoin online wallet its better to spread your bitcoins.
There are two sides in this approach: on one hand if you have a single wallet where most of your coins or even all your coins are kept and this wallet is hacked you'll lose all your coins at once; on the other hand spreading your coins among several wallets you are increasing the chance one of those walletts being hacked. Personally I don't know which way is better than the other.
Using many wallets is a security thing.
You want to be less traceable and reduce the risk of losing your money if one wallet gets hacked.
That can be achieved if you use more wallets. Of course it gets more complicated as well because you have to manage more wallets.
You want to be less traceable and reduce the risk of losing your money if one wallet gets hacked.
That can be achieved if you use more wallets. Of course it gets more complicated as well because you have to manage more wallets.
Yes this one is a very good reason but ofcourse there are multiple reasons. Having more than one wallet is also a good way to manage money you can give the wallets names like savings, bills etc and put in the amount that you need in there and like this it's easier to see all your money and where it's going to.
Why do people use so many Bitcoin wallets?possible to take giveaway,usually many people use more than one bitcoin address it to take giveaway
but it does not much like it,but I use more than one address only to send send only,because I save my bitcoin in blockchain to Coinbase and others
but using 1 bitcoin address it better
but it does not much like it,but I use more than one address only to send send only,because I save my bitcoin in blockchain to Coinbase and others
but using 1 bitcoin address it better
Possibly because people use wallets because we prefer our bitcoins to be safe therefore using offline ones like armory and such...and there is a need for speed and fast transactions sometimes therefore using other wallets like blockchain/electrum and such.
As far as I see it, you need a minimum of two wallets. Those can be online and software or just two software wallets. Some people and some business models call them cold and hot, which is fine.
The most probable reason that comes to my mind is :For accepting payments from various people.
I mean suppose you are a exchanger then its easy to trace if different address each time.
so true . we need to maintain the privacy of all transactions that we have. some people say that privacy is the most important reason in choosing a bitcoin wallet. I mean suppose you are a exchanger then its easy to trace if different address each time.
Business corners you into having more wallets than you need. New coins end up on only one or two exchanges and that means having a freaking wallet there. The TX fees for moving funds in and out of those solitary exchanges is not worth it, so, for the most part I have a little bit on one exchange, a little bit on another. I finally got the last of the funds off of Cryptopia without losing cash along the way. Besides the forced wallets, I have one online, so that I can use funds from anywhere. Then the two on the PC, one hot and one still pretty hot, lol.
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