Why do people use so many Bitcoin wallets? - page 30.

blackmachinegun

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Quote from: sk00t3r on May 23, 2016, 12:10:22 AM

Quote from: miningdude on May 22, 2016, 09:14:34 PM

I use more than 1 wallet like BLOCKTRAIL, Blockchain and Coinbase. I use them if there is a problem of some of the wallet I would use another wallet until the problem is solved.

great think People use so many bitcoin wallet because when come in wallet problem and that time use other bitcoin wallet for bitcoin safety all customer is want to save bitcoin.

I think even if you use a lot wallet but you're using an online wallet where his wallet is a wallet third parties. Coinbase as they seem to be able to control your bitcoin?
I do not know for blockchain. but it would be safer if you add a desktop or offline wallet

Bloxy

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People mainly have multiple wallets for security. Therefore, if one wallet gets breached, they don't lose all the coins.

InsideBjorn

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I think that they want to secure their coins. And off course there are allot of coins now many more then where 2 years ago. So that's a reason why there are many bitcoin wallets and many people are using them.

Cyaren

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Using different wallet providers and switching addresses constantly is a good thing rather than a bad thing in my opinion. It reduces the risk of you getting scammed by one wallet provider, if you have no control over the private keys.

Also using different addresses for different transaction is good because it can increase anonymity quite a bit. It's good for your privacy.

boyptc

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Quote from: BitcoinSupremo on May 23, 2016, 01:20:03 AM

So am I stupid that I am only using electrum desktop wallet, or I believe too much in it. Whatever the case its been 1.5 years I am keeping more than 3 BTC online via it, and nothing have happened yet, using Linux as a more safe OS than Windows.

I will continue to be "stupid" until I have some problem with electrum

That is not stupidity, that is called loyalty and contentment as long as you are contended to the service of electrum desktop wallet. And you find it very convenient and useful to store your bitcoins.
That is not stupidity man.

BitcoinSupremo

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So am I stupid that I am only using electrum desktop wallet, or I believe too much in it. Whatever the case its been 1.5 years I am keeping more than 3 BTC online via it, and nothing have happened yet, using Linux as a more safe OS than Windows.

I will continue to be "stupid" until I have some problem with electrum

boyptc

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Quote from: MONKEYJUNK on May 23, 2016, 12:44:31 AM

Majority of people using more than wallet because want try some another feature from each wallet. But i'm guess there just one wallet used everyday. Like me have 4 different wallet but only use 1 wallet there is Blockchain.

Yes I agree, this is one of the most possible reason why people tend to use more bitcoin wallets. So that they could try different features of other bitcoin
wallets as well as their convenience. And also they don't want to be traced for their transactions.

MONKEYJUNK

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Majority of people using more than wallet because want try some another feature from each wallet. But i'm guess there just one wallet used everyday. Like me have 4 different wallet but only use 1 wallet there is Blockchain.

ronaldo40

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Quote from: sk00t3r on May 23, 2016, 12:10:22 AM

Quote from: miningdude on May 22, 2016, 09:14:34 PM

I use more than 1 wallet like BLOCKTRAIL, Blockchain and Coinbase. I use them if there is a problem of some of the wallet I would use another wallet until the problem is solved.

great think People use so many bitcoin wallet because when come in wallet problem and that time use other bitcoin wallet for bitcoin safety all customer is want to save bitcoin.

yes in addition it, to avoid you keep too much in one dompen, when getting hacked. but too much sometimes makes me confused. so I only use 2 wallet.

sk00t3r

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Quote from: miningdude on May 22, 2016, 09:14:34 PM

I use more than 1 wallet like BLOCKTRAIL, Blockchain and Coinbase. I use them if there is a problem of some of the wallet I would use another wallet until the problem is solved.

great think People use so many bitcoin wallet because when come in wallet problem and that time use other bitcoin wallet for bitcoin safety all customer is want to save bitcoin.

Hirose UK

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Quote from: helloeverybody on December 10, 2015, 02:16:32 AM

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

many people do such thing I see.

I think people use it to protect their bitcoin. maybe if one wallet is hacked, they still have the other wallets. imo

pooya87

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Quote from: VanDeinsberg12 on May 22, 2016, 09:34:28 PM

Quote from: justspare on December 10, 2015, 02:14:46 AM

Just wondering why people use so many Bitcoin wallets.

in majority people use many bitcoin wallet is to compare features,fee and other offers between bitcoin wallet. Who can make users more comfortable with it. But a litle users of bitcoin make so many bitcoin wallet maybe it will be use for spammer or other reason. I can't to more think about it.

the fees are only being determined by the bitcoin network based on the size of your transaction and some other factors and the wallet doesn't have anything to do with the fees.

VanDeinsberg12

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Quote from: justspare on December 10, 2015, 02:14:46 AM

Just wondering why people use so many Bitcoin wallets.

in majority people use many bitcoin wallet is to compare features,fee and other offers between bitcoin wallet. Who can make users more comfortable with it. But a litle users of bitcoin make so many bitcoin wallet maybe it will be use for spammer or other reason. I can't to more think about it.

miningdude

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Have a mining rig

I use more than 1 wallet like BLOCKTRAIL, Blockchain and Coinbase. I use them if there is a problem of some of the wallet I would use another wallet until the problem is solved.

Doms

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Better to be safe than sorry. It's only been a little over two months since I started having multiple wallets, in preparation for future use. I only have a few portions of BTC now, but it is better to get used to having multiple wallets, more so when my funds grow bigger in the future.

Halliche

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For convenience and security.

E.g. multiple wallets (paper) for long term offline storage, a mobile wallet for easy small payments, and a hardware wallet for secure large payments.

mikehersh2

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I only use one wallet, and it is connected to my computer and my phone, thats it.

darewaller

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Quote from: romero121 on May 22, 2016, 05:13:21 AM

For enhanced security and accessibility for various investments and usage each prefer various wallets upon their requirements. If you go through different online wallets you could find each wallet good or advantageous for specific feature. On this basis too people prefer different bitcoin wallet.

There are many factors that we look at when it comes to wallets. As for me, it's largely payment fees. I do not mind a little complexity in exchange for really low tx fees. Hot storage for small, frequent transactions, cold storage for long-term saving.

pocarime32

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Maybe they want seperate their bitcoin for safety or something. For me, i only have 2 bitcoin wallets but i have many address to know from where i got that bitcoin.

quintiilieo

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There is a lot of advantage of creating multiple you can create this for multiple accounts you can put bitcoin on different wallet so if some other runs you still have wallet with bitcoin there. scattering your bitcoin is an good idea but it take time for you to retrieve it. because you need to log on many wallet to get your balance. but it such a way safety is performed.

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