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Topic: Why do people use so many Bitcoin wallets? - page 18. (Read 51660 times)

hero member
Activity: 2772
Merit: 524
Leading Crypto Sports Betting & Casino Platform
September 22, 2016, 07:26:34 PM
People have so many wallets for the fact that they can than ensure there security for it, its a sort of safe but keep in mind that online wallets as a example are never safe these days!
And maybe if we are making a poll will appearing a different result about this, like the people is using a many addresses caused by they're no need for getting a trace from someone or eliminating their trace... security is not only the reason for people is wanna using a lot of address.
legendary
Activity: 1372
Merit: 1008
September 22, 2016, 07:15:29 PM
I think It's for safety. You know when you're putting all your bitcoins in just one wallet and when something happened like losing your wallet, some exchange site run off with your money etc. and that will lose all your bitcoins. So it's better to have multiple wallets.

Yes. One example is bitfinex. Imagine the people who have just stored all their bitcoins there. Now it is gone and there no getting back. One more thing is how could they got back if they lose it all. No more capital and they wont have the will to buy again with such a disaster that happened.
I think the wallet and perturkaran is seusatu different, although both could be a place to store but I think the wallet has a high level of security, although wallet third party even if the wallet will be much safer than the exchange, so I think keep all bitcoin in one wallet instead problem, I have never seen a wallet site to be a scam?
hero member
Activity: 686
Merit: 500
September 22, 2016, 06:56:47 PM
To save money you need to have the wallet for storing and separately for making payments for goods and other purposes. For conducting the operations of you could not find the information.

if a person is well manager for his money, income, saving and expenditure then he do not need to keep money in different places but he can do all the thing from one wallet. But those who cannot do control on his hands should have to keep their savings in another wallet and a number of people always select different wallets because they have fear for their wallet.
sr. member
Activity: 364
Merit: 250
September 22, 2016, 06:45:04 PM
People have so many wallets for the fact that they can than ensure there security for it, its a sort of safe but keep in mind that online wallets as a example are never safe these days!
legendary
Activity: 3304
Merit: 3037
BTC price road to $80k
September 22, 2016, 06:16:19 PM
I think It's for safety. You know when you're putting all your bitcoins in just one wallet and when something happened like losing your wallet, some exchange site run off with your money etc. and that will lose all your bitcoins. So it's better to have multiple wallets.
Not only for that reason i think they are using many wallet because they want to be more anonymous use many wallet and many addresses so that no one can trace your main wallet address.. its not a problem that you are using many wallet because it can prevent hackers to know your real bitcoin wallet..

Yeah if you have multiple wallets then it won't be easy for hackers to trace your wallets and even if something goes wrong with one wallet then your bitcoins are safe in other wallets.
Yeah the reason of multiple wallet is that there is a big problem of hackers and people could not hold their all money in one wallet if you should hold your all bitcoin in one wallet then your all bitcoin will be in risk so because people divide their bitcoin in multiple wallets to minimize the huge risk .
There is hacker that can hack if you dont secured your wallet properly they can brute force your wallet so make sure that you have 2fa its enough but not sure it is very safe.. also halving multiple wallet it can decrease the risk of your bitcoin to hack by someone also always use bitcoins mixer if you sending or receiving large amount of bitcoin to be visible in hackers.. those transaction is publicity that you can seen it in few weeks your address in google just to send to other address.. I mean in few weeks that you can see index page in google from other block explorer.
full member
Activity: 224
Merit: 100
September 22, 2016, 05:48:26 PM
I think It's for safety. You know when you're putting all your bitcoins in just one wallet and when something happened like losing your wallet, some exchange site run off with your money etc. and that will lose all your bitcoins. So it's better to have multiple wallets.
Not only for that reason i think they are using many wallet because they want to be more anonymous use many wallet and many addresses so that no one can trace your main wallet address.. its not a problem that you are using many wallet because it can prevent hackers to know your real bitcoin wallet..

Yeah if you have multiple wallets then it won't be easy for hackers to trace your wallets and even if something goes wrong with one wallet then your bitcoins are safe in other wallets.
Yeah the reason of multiple wallet is that there is a big problem of hackers and people could not hold their all money in one wallet if you should hold your all bitcoin in one wallet then your all bitcoin will be in risk so because people divide their bitcoin in multiple wallets to minimize the huge risk .
full member
Activity: 224
Merit: 100
September 22, 2016, 05:46:58 PM
I think It's for safety. You know when you're putting all your bitcoins in just one wallet and when something happened like losing your wallet, some exchange site run off with your money etc. and that will lose all your bitcoins. So it's better to have multiple wallets.
Not only for that reason i think they are using many wallet because they want to be more anonymous use many wallet and many addresses so that no one can trace your main wallet address.. its not a problem that you are using many wallet because it can prevent hackers to know your real bitcoin wallet..

Yeah if you have multiple wallets then it won't be easy for hackers to trace your wallets and even if something goes wrong with one wallet then your bitcoins are safe in other wallets.
Yeah the reason of multiple wallet is that there is a big problem of hackers and people could not hold their all money in one wallet if you should hold your all bitcoin in one wallet then your all bitcoin will be in risk so because people divide their bitcoin in multiple wallets to minimize the huge risk .
sr. member
Activity: 256
Merit: 250
September 22, 2016, 12:32:30 PM
To save money you need to have the wallet for storing and separately for making payments for goods and other purposes. For conducting the operations of you could not find the information.
hero member
Activity: 910
Merit: 1000
September 22, 2016, 12:31:32 PM
I think It's for safety. You know when you're putting all your bitcoins in just one wallet and when something happened like losing your wallet, some exchange site run off with your money etc. and that will lose all your bitcoins. So it's better to have multiple wallets.
Not only for that reason i think they are using many wallet because they want to be more anonymous use many wallet and many addresses so that no one can trace your main wallet address.. its not a problem that you are using many wallet because it can prevent hackers to know your real bitcoin wallet..

Yeah if you have multiple wallets then it won't be easy for hackers to trace your wallets and even if something goes wrong with one wallet then your bitcoins are safe in other wallets.
legendary
Activity: 1638
Merit: 1046
September 22, 2016, 12:29:20 PM
I think It's for safety. You know when you're putting all your bitcoins in just one wallet and when something happened like losing your wallet, some exchange site run off with your money etc. and that will lose all your bitcoins. So it's better to have multiple wallets.
Not only for that reason i think they are using many wallet because they want to be more anonymous use many wallet and many addresses so that no one can trace your main wallet address.. its not a problem that you are using many wallet because it can prevent hackers to know your real bitcoin wallet..
legendary
Activity: 1008
Merit: 1000
September 22, 2016, 12:10:56 PM
I think It's for safety. You know when you're putting all your bitcoins in just one wallet and when something happened like losing your wallet, some exchange site run off with your money etc. and that will lose all your bitcoins. So it's better to have multiple wallets.

Yes. One example is bitfinex. Imagine the people who have just stored all their bitcoins there. Now it is gone and there no getting back. One more thing is how could they got back if they lose it all. No more capital and they wont have the will to buy again with such a disaster that happened.

Its always good to put bitcoins in different wallets to minimize the risks as we never know what future holds for us or when the online site will disappear resulting in a huge loss for us.
legendary
Activity: 3108
Merit: 1115
Leading Crypto Sports Betting & Casino Platform
September 22, 2016, 12:07:44 PM
I think It's for safety. You know when you're putting all your bitcoins in just one wallet and when something happened like losing your wallet, some exchange site run off with your money etc. and that will lose all your bitcoins. So it's better to have multiple wallets.

Yes. One example is bitfinex. Imagine the people who have just stored all their bitcoins there. Now it is gone and there no getting back. One more thing is how could they got back if they lose it all. No more capital and they wont have the will to buy again with such a disaster that happened.
sr. member
Activity: 406
Merit: 250
Wolf
September 22, 2016, 12:00:13 PM
I think It's for safety. You know when you're putting all your bitcoins in just one wallet and when something happened like losing your wallet, some exchange site run off with your money etc. and that will lose all your bitcoins. So it's better to have multiple wallets.
legendary
Activity: 1960
Merit: 1026
September 22, 2016, 11:51:17 AM
I think the simple reason is to avoid hackers and store too much on a single bitcoin wallet. I was doing this.
Besides, some wallets can sometimes impaired. so when I needed it I could use another wallet to send.
hero member
Activity: 966
Merit: 506
September 22, 2016, 11:46:27 AM
Just wondering why people use so many Bitcoin wallets.
There are not any real reasons until you get into something specific.

sr. member
Activity: 364
Merit: 250
September 22, 2016, 08:05:54 AM
Just wondering why people use so many Bitcoin wallets.
It is better to have multiple wallets because if you store everything in one wallet and you lose that wallet you have lost all your Bitcoin.
But if you spread you Bitcoin over multiple wallets then if you lose one you still have the other ones.
We still need to make a note about where we keep each part of our bitcoin. use multiple wallet means there are a lot of identifier that we must type to login to our wallet. so make a note will make us are not forget about our bitcoin. Use different site of bitcoin wallet can make us compare each wallet.
hero member
Activity: 490
Merit: 500
September 22, 2016, 05:37:58 AM
sometime i afraid if get hacked by someone , but that thing can be happen to everyone , so i split my money because i afraid if lost it all if save in 1 wallet
yeah I think it's also a good excuse, certainly very possible that your wallet will be mapped out by hackers so to avoid missing stolen all your money, you might divide your bitcoin wallet into several accounts, yeah it's a pretty good idea I think
hero member
Activity: 616
Merit: 500
September 22, 2016, 04:05:08 AM
Just wondering why people use so many Bitcoin wallets.
It is better to have multiple wallets because if you store everything in one wallet and you lose that wallet you have lost all your Bitcoin.
But if you spread you Bitcoin over multiple wallets then if you lose one you still have the other ones.
hero member
Activity: 644
Merit: 500
September 22, 2016, 03:30:29 AM
sometime i afraid if get hacked by someone , but that thing can be happen to everyone , so i split my money because i afraid if lost it all if save in 1 wallet

If you make sure everything you use to run/create your well secured wallet files from have no malware or other virusses inside, and you are not connected to a public wifi network, then there is nothing to worry about. Bitcoin is great and all, but it's the person that has everything in the hand when it comes to your own security.
that's right it always at your hands making sure that your computer is protected can secure your bitcoin even you only have one wallet, me personally im using two web based wallet and one inside my pc just wanted to extract my btc for some personal reason.
legendary
Activity: 2170
Merit: 1427
September 22, 2016, 03:26:23 AM
sometime i afraid if get hacked by someone , but that thing can be happen to everyone , so i split my money because i afraid if lost it all if save in 1 wallet

If you make sure everything you use to run/create your well secured wallet files from have no malware or other virusses inside, and you are not connected to a public wifi network, then there is nothing to worry about. Bitcoin is great and all, but it's the person that has everything in the hand when it comes to your own security.
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