Why do people use so many Bitcoin wallets? - page 28.

coynedterm

hero member

Activity: 882

Merit: 500

Quote from: justspare on December 10, 2015, 03:14:46 AM

Just wondering why people use so many Bitcoin wallets.

May be they think that "this wallet is safe". Some other guy will think "np this wallet is safe, and it have lots of features". Ultimately I would suggest use only blockchain wallet, because that's official and died have smartphone app too.

Whosdaddy

hero member

Activity: 1148

Merit: 527

Quote from: BitMaxz on August 28, 2016, 05:39:09 AM

Quote from: danherbias07 on August 28, 2016, 05:10:34 AM

Simple. Why do some people put their money in different pockets sometimes? It for safety issues in case someone pickpocketed you. I think it is a wise idea.

I think this is not only for this reason i think many reason here why they are using multiple wallet.. because there is some wallet that has restricted in gambling just like coinbase so you need other wallet to use it in gambling so that you can be still use your bitcoin in gambling site..
And many other things..

Yeah yeah many people use different bitcoin wallets with many purposes, there are people do that to play gambling with many wallets like you, there are some do that to have fully control bitcoin in many places, but I think the main reason is still securing money in many wallets which is better than holding it all in just one spot. Because when you leave your bitcoin in one wallet, it’s like you are risking it all in one hand. So why don’t divide it into many places, it’s safer.

1Referee

legendary

Activity: 2170

Merit: 1427

Quote from: partysaurus on August 28, 2016, 06:51:04 AM

Quote from: justspare on December 10, 2015, 03:24:57 AM

Quote from: helloeverybody on December 10, 2015, 03:16:32 AM

I wasnt aware they did. I only use 2. One on my pc and one on my phone.

Yeah. There has been many topics like this and people say they use many wallets. So I was just wondering why they use multiple wallets.

might be to spread the risk , if you get hacked on one you have money on the other wallets

If one of your wallets get hacked, then you haven't been using a strong enough passphrase to secure your wallet file, or you didn't have any security at all. This can be easily avoided by yourself and doesn't require you to split your coins into different addresses. Because if one of your wallet files gets emptied by a hacker due to its security being poor, then most likely the others will be at risk too.

Bestwishes745

hero member

Activity: 644

Merit: 500

Quote from: agamasrori on August 28, 2016, 06:43:53 AM

Saving bitcoin in many wallet is for security. And if you use many wallet you will know which is the best wallet to save bitcoin. For me the best wallet is blockchain.

You are right, if we use a number of wallets then we will have experience in all of that and so for getting higher amount or for putting our higher amount of money in bitcoin we will know that which wallet is better for that, I also have started to use different wallets for different uses, like, one wallet for the signature campaign earnings, the other for getting payment from a-ads banners from my site and other for getting bitcoins from other services, and know I have good experience in all of that.

partysaurus

sr. member

Activity: 574

Merit: 251

Quote from: justspare on December 10, 2015, 03:24:57 AM

Quote from: helloeverybody on December 10, 2015, 03:16:32 AM

I wasnt aware they did. I only use 2. One on my pc and one on my phone.

Yeah. There has been many topics like this and people say they use many wallets. So I was just wondering why they use multiple wallets.

might be to spread the risk , if you get hacked on one you have money on the other wallets

agamasrori

sr. member

Activity: 364

Merit: 250

Saving bitcoin in many wallet is for security. And if you use many wallet you will know which is the best wallet to save bitcoin. For me the best wallet is blockchain.

BitMaxz

legendary

Activity: 3374

Merit: 3095

BTC price road to $80k

Quote from: Pursuer on August 28, 2016, 05:55:46 AM

Quote from: BitMaxz on August 28, 2016, 05:39:09 AM

Quote from: danherbias07 on August 28, 2016, 05:10:34 AM

Simple. Why do some people put their money in different pockets sometimes? It for safety issues in case someone pickpocketed you. I think it is a wise idea.

I think this is not only for this reason i think many reason here why they are using multiple wallet.. because there is some wallet that has restricted in gambling just like coinbase so you need other wallet to use it in gambling so that you can be still use your bitcoin in gambling site..
And many other things..

in my opinion you should not even all coinbase and any wallet like it as a bitcoin wallet. they are a service like any other service mostly like the exchanges out there and using them falls under all the risks of using such services like getting hacked and ...

Well we can not change the risk because those wallet are online wallet but its just my one of the alternative wallet my main wallet is electrum
I just use coinbase for sending and receiving in advertising earnings purposes..

niall51

sr. member

Activity: 533

Merit: 250

Sugars.zone | DatingFi - Earn for Posting

I think why people using many wallet is for safety
Like me i used blockchain coinbase and coinsph

garundang

member

Activity: 88

Merit: 10

Probably because of security, and i am sure that they spread bitcoins they have into different wallets, just in case that one wallet will be hacked so they'll no lose all of their bitcoins, it is a smart thing to do

Pursuer

legendary

Activity: 1638

Merit: 1163

Where is my ring of blades...

Quote from: BitMaxz on August 28, 2016, 05:39:09 AM

Quote from: danherbias07 on August 28, 2016, 05:10:34 AM

Simple. Why do some people put their money in different pockets sometimes? It for safety issues in case someone pickpocketed you. I think it is a wise idea.

I think this is not only for this reason i think many reason here why they are using multiple wallet.. because there is some wallet that has restricted in gambling just like coinbase so you need other wallet to use it in gambling so that you can be still use your bitcoin in gambling site..
And many other things..

in my opinion you should not even all coinbase and any wallet like it as a bitcoin wallet. they are a service like any other service mostly like the exchanges out there and using them falls under all the risks of using such services like getting hacked and ...

bithasher

hero member

Activity: 700

Merit: 500

There are several reasons for what people are using so many different wallets. Some people hesitate to try new wallets. There are people they are satisfied with their current wallets provider. I give my example I am using desktop windows wallets and blockchain same time for different tasks. I don't want to use new wallets. It is different for people to people where they can comfort.

BitMaxz

legendary

Activity: 3374

Merit: 3095

BTC price road to $80k

Quote from: danherbias07 on August 28, 2016, 05:10:34 AM

Simple. Why do some people put their money in different pockets sometimes? It for safety issues in case someone pickpocketed you. I think it is a wise idea.

I think this is not only for this reason i think many reason here why they are using multiple wallet.. because there is some wallet that has restricted in gambling just like coinbase so you need other wallet to use it in gambling so that you can be still use your bitcoin in gambling site..
And many other things..

boybugs18

full member

Activity: 205

Merit: 100

It depends on their preferences and how they use it , there are some that want full security of their wallet and some would just put it on an online wallet.

veles7

hero member

Activity: 950

Merit: 510

Quote from: danherbias07 on August 28, 2016, 05:10:34 AM

Simple. Why do some people put their money in different pockets sometimes? It for safety issues in case someone pickpocketed you. I think it is a wise idea.

If you have a one Bitcoin wallet, and it was stolen, it is very disappointing. There is a chance not to lose all the money. I think too with you bro.

Betwrong

legendary

Activity: 3374

Merit: 2198

I stand with Ukraine.

Quote from: justspare on December 10, 2015, 03:14:46 AM

Just wondering why people use so many Bitcoin wallets.

There are lots of reasons for that. Some people think this way: if one wallet was robbed they'd have money in other wallets. Another reason is when you have many walllets it's much harder to track you. And even another reason is that you have no choice but to have many wallets if you hold some coins on different sites: to gamble, to buy things, to trade etc.

Indrawan77

hero member

Activity: 1274

Merit: 516

Quote from: danherbias07 on August 28, 2016, 05:10:34 AM

Simple. Why do some people put their money in different pockets sometimes? It for safety issues in case someone pickpocketed you. I think it is a wise idea.

I also thinks the same, its a wise decision to put your coin in different wallet, so if let say your wallet being hacked you still have coin in another wallet, the other reason is because each wallet has a different feature, like xapo has a xapo faucet where you will earn directly to your xapo wallet, or coinbase where you can store ethereum, so actually so many reason to use different wallet and its a good suggestion to every user

Mr. Big

global moderator

Activity: 2324

Merit: 1179

While my guitar gently weeps!!!

Quote from: danherbias07 on August 28, 2016, 05:10:34 AM

Simple. Why do some people put their money in different pockets sometimes? It for safety issues in case someone pickpocketed you. I think it is a wise idea.

Yup, that's right, and sometimes others use many wallets to make their transaction and wallet look neat... They have a wallet for gambling and different wallet for everything so they know and have record of every transaction that they have...

Maliciously thinking, some might be using it on taking advantage or in doing something that is not good and they should keep themselves from being traced so they use different wallet...

Barbut

hero member

Activity: 1694

Merit: 502

★Bitvest.io★ Play Plinko or Invest!

People are searching for good one, and the one that suitable for them. Also with so many scammers around sometimes is good to have couple wallets, and with each wallet to do something else, and to have one wallet for trying new services and sites.
Nobody wish to stay without money, so people using different wallets mostly for protection I presume. Also people like to explore, new things and always attract people.

danherbias07

legendary

Activity: 3262

Merit: 1130

Leading Crypto Sports Betting & Casino Platform

Simple. Why do some people put their money in different pockets sometimes? It for safety issues in case someone pickpocketed you. I think it is a wise idea.

gandame

hero member

Activity: 924

Merit: 505

Quote from: justspare on December 10, 2015, 03:14:46 AM

Just wondering why people use so many Bitcoin wallets.

For the bitcoin safe because in our country the local wallet it is prohibited to use in gamble bitcoin address so many different btc wallet we used . More safe to use in gamble blockchain or Xapo because I use it primarily to the dice game . I just use coins.ph when i cash out money . When you catch a coins.ph to gamble from the bitcoin wallet that enters it can be blocked your account.

Topic: Why do people use so many Bitcoin wallets? - page 28. (Read 51694 times)