Because they do not want to lose bitcoin more when things happen that are not desirable.
Make it easy for them to be able to manage bitcoin, eg for trade or other investments
Any other purpose that is not you or me know.
Topic: Why do people use so many Bitcoin wallets? - page 34. (Read 51694 times)
Personally I am always just curious to poke around and see what different wallets have to offer.
There is also the “spread the risk" factor
There is also the “spread the risk" factor
Just wondering why people use so many Bitcoin wallets.
I dont have a lot of btc but what i do have is often send between my wallets to test different apps.I also do this because not only does it spread the risk but lets say you have 0.001btc in 1 wallet and it disapears then you know your phone or computer has been compromised.
Every wallet has it's own advantages, people using multiple wallets probably to get the best thing out of each wallet and winning the most possible uses from each, I think it's a smart strategy like how everyone has more than one email provider.
i personally just use 2 wallet...one wallet for trading and one more for transaction
bcause the trading wallet take a lot transaction fee for transaction and the transaction wallet cant trading..
This question is so vague. Isn't diversity of everything motor of progress? You could ask why people use so many types of products and models as well.
We have multiple brands of everything: cars, clothes, phones, food, drinks, electronics. Every bitcoin walled is slightly different and some people might find Electrum better than Multibit etc.
We have multiple brands of everything: cars, clothes, phones, food, drinks, electronics. Every bitcoin walled is slightly different and some people might find Electrum better than Multibit etc.
Maybe because people want more safety so they have many bitcoin wallets for seperate their bitcoins. Because by doing that people can prevent being hacked by someone.
I think each wallet of it's and it's own, Electrum is fast and easy to use, Multibit is simple, Armory is safe and secured more than all the other wallets. I recommend using the core though.
There are some advantage for using online or offline wallet.
AFAIK,
Online wallet advantage
( doesn't need to install , easy access through internet )
Offline wallet advantage
( can't be stolen by internet malware , can't be scam by online company )
and disadvantage mostly said the opposite
Different people have their own decision to use many wallet as long as they feel comfortable
AFAIK,
Online wallet advantage
( doesn't need to install , easy access through internet )
Offline wallet advantage
( can't be stolen by internet malware , can't be scam by online company )
and disadvantage mostly said the opposite
Different people have their own decision to use many wallet as long as they feel comfortable
Every wallet has it's own advantages, people using multiple wallets probably to get the best thing out of each wallet and winning the most possible uses from each, I think it's a smart strategy like how everyone has more than one email provider.
They want to ensure there bitcoins and you can do that by multiple reason but one of the most important reasons are doing them in multiple wallets.
You can not lose all your bitcoin at one time, if you get hacked.
You can not lose all your bitcoin at one time, if you get hacked.
it's just probably people looking for the best fit for them, Everyone has 3-4 wallets mostly when they started trying them and until they find the one that fit them, also some people keep a sum in each as a type of security apparently "although if there is a spyware all the wallets are vulnerable I guess".
Why would you not use many wallets? Try a few, keep what you like.
I am using only one on my laptop but i am thinking to make one more for safety on my phone.
"Safety" is the answer on your question.
Yes ‘Safety’ is the answer to the question."Safety" is the answer on your question.
We must have a number of wallets where we will keep our money in fractions in different wallets . So if one of our account is hacked by someone then we will not lose all our money but some fraction of it.
I think it's because for safety. For me, i use so many bitcoin wallets because to seperate my main wallet with wallet for gambling. i mean, i have gambling habbit. so i need seperate wallet to limit it.
Same with me but for the case is not gambling. I have my main wallet for saving my money and there are some wallets where I have specified for different uses, one is specified for my web deisgning clients while other is for earning from small jobs/tasks. 
because some of the sites doesn't support all wallets for use.i have 3 wallets xapo,coinbase and blockchain..coinbase doesn't support gambling,so i use blockchain for gambling
online wallets are use to create a multiple addresses only not a wallets, Better try to go with Electrum or Multibit wallet bro. You can make more wallets at there.
The best wallet is Blockchain I think and that is also the most popular one, so that is very good.
Why do people use so many Bitcoin wallets? Because people are very organized, and can tell one wallet.dat file from another, just by looking at the minor differences in the appearance of the lettering of "wallet.dat"... and they have trained their Bitcoin apps to do the same.
It is harder to track down if you have multiple wallets.
Why shouldnt people use many wallets.
There is a reason there are so many wallets. Each offers a different GUI / Functionality and is not suitable for every person.
Why not just try them out and find the right wallet for an individuum.
There is a reason there are so many wallets. Each offers a different GUI / Functionality and is not suitable for every person.
Why not just try them out and find the right wallet for an individuum.
I think the OP is talking about one person using multiple wallets, not different people using different wallets.
Individuals of course have their own tastes, but that is not what the OP is referring to.
Probably because it's easier to use wallets to fulfill different needs than just one not fulfilling all, Multibit and Electrum being fast, easier to use and convenient for the regular user while Armory is more secure.
Why shouldnt people use many wallets.
There is a reason there are so many wallets. Each offers a different GUI / Functionality and is not suitable for every person.
Why not just try them out and find the right wallet for an individuum.
There is a reason there are so many wallets. Each offers a different GUI / Functionality and is not suitable for every person.
Why not just try them out and find the right wallet for an individuum.
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