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Topic: Why do people use so many Bitcoin wallets? - page 35. (Read 51694 times)

legendary
Activity: 3654
Merit: 1165
www.Crypto.Games: Multiple coins, multiple games
I think each wallet has it's own advantages and more usefulness than the others, if you use multibit for example for smaller and faster transactions and armory for large sized transactions..
Yes it is because of its specific advantages for specific uses , Some bitcoin wallets are beneficial for gambling use while others have benefits for the shopping sites, some have ref earning features while others have fast instant transactions. So people adopt a number of wallets.
sr. member
Activity: 714
Merit: 250
Every wallet have some difference in the features. For this usage people prefer various wallets according to their needs. Personally I prefer Blockchain wallet though its online wallet.
What features of the online wallet blockchain of another. so you choose blockchain. there are some nice wallet like xapo and Coinbase. why you choose blockchain.info ?
Maybe blockchain frequently used by many people and the various transactions so many people who do not think a headache to use. Actually I do not know what the difference of every bitcoin wallet, and maybe the difference is due to transaction costs almost the same bitcoin wallet.
hero member
Activity: 952
Merit: 1000
Every wallet have some difference in the features. For this usage people prefer various wallets according to their needs. Personally I prefer Blockchain wallet though its online wallet.

yes people use it according to their needs and if you have multiple wallets then it will diversify your risks and it will always recommended to have multiple wallets so even if your one wallet is damaged the rest will take care of your bitcoins.
hero member
Activity: 518
Merit: 500
Every wallet have some difference in the features. For this usage people prefer various wallets according to their needs. Personally I prefer Blockchain wallet though its online wallet.
What features of the online wallet blockchain of another. so you choose blockchain. there are some nice wallet like xapo and Coinbase. why you choose blockchain.info ?
hero member
Activity: 2618
Merit: 548
SecureShift.io | Crypto-Exchange
Every wallet have some difference in the features. For this usage people prefer various wallets according to their needs. Personally I prefer Blockchain wallet though its online wallet.
hero member
Activity: 658
Merit: 500
I think each wallet has it's own advantages and more usefulness than the others, if you use multibit for example for smaller and faster transactions and armory for large sized transactions..
yeah That's the advantage from the wallet. they have their own variations. These as miscellaneous bank in real life. bank in real life have differences and advantages of each. may be interesting as well. when there are bitcoin bank. of course I will keep there Cheesy
sr. member
Activity: 434
Merit: 250
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.
sr. member
Activity: 476
Merit: 250
U will never know the true answer, before you try
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

because coinbase can't import and export wallet, it's more important for wallet. im use mycellium on my android device to import and export wallet too.
hero member
Activity: 532
Merit: 501
Maybe different wallets are used for different things? That's the only thing I can think of. For example, people with a bank account have different accounts within that account (checking, savings, etc). Not really sure  Huh
Yeah that's what I do. I have one for saving, and then I use another for spending and daily transactions. Other than that, I don't use anymore wallets.
hero member
Activity: 616
Merit: 500
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
sr. member
Activity: 476
Merit: 250
I think each wallet has it's own advantages and more usefulness than the others, if you use multibit for example for smaller and faster transactions and armory for large sized transactions..
yeah agree each wallet has the advantages of each. xapo have free transaction fee. blockchain.info very complete and full control. I use both:D
sr. member
Activity: 448
Merit: 250
Maybe different wallets are used for different things? That's the only thing I can think of. For example, people with a bank account have different accounts within that account (checking, savings, etc). Not really sure  Huh
hero member
Activity: 854
Merit: 500
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.
full member
Activity: 126
Merit: 100
Handsome Man
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.
full member
Activity: 1162
Merit: 168
I think each wallet has it's own advantages and more usefulness than the others, if you use multibit for example for smaller and faster transactions and armory for large sized transactions..
legendary
Activity: 1050
Merit: 1001
Just wondering why people use so many Bitcoin wallets.
i just using one wallet,its coinbase. i think why so many people use so many bitcoin wallet because they not sure with one wallet security,they worry about their security asset (bitcoin). each wallet have different security method,so they use many bitcoin wallet to store their bitcoin in some divide.
legendary
Activity: 2688
Merit: 1065
Undeads.com - P2E Runner Game
I do have a lot of wallets that come in handy in the right time.
So if you want to hold your coins for a long time you'll use a hard wallet or a paper wallet, on the other hand you will need your everyday wallet to spend your coins as well.

People use different wallets mainly for security reasons, But for the most part it's also nice to have things organized as well.

Yes that is right. Example is for a gambler, for much easy and fast transactions, online or web based wallet are fit here. Some online exchange wallet like Coinbase have legal terms against using their services in gambling unlike in Blockchain online wallet.

So a user may use Blockchain online wallet for gambling purposes and Coinbase for storing coins.
full member
Activity: 896
Merit: 115
If people hold huge number of bitcoins, they would surely want to diversify their bitcoins to different wallets, but an person who holds in small amounts will always prefer to use a single wallet.
hero member
Activity: 1456
Merit: 579
HODLing is an art, not just a word...
Maybe they think using many bitcoin
address then the transaction will be
more secure
There are many reasons behind using of so many wallet, some people use many wallets because the not satisfied with only one wallet, many poeple use multiple wallet for just secure their money to playing with many wallets, because if we store all our money in one wallet, and it got hacked then we loose our all money, so using multiple wallets secure us by loosing money.

Its always good to have multiple wallets, and people use it as different wallets have different features and security measures, but I don't think that its easy to hack bitcoin wallets.

it depends on what you mean by hack bitcoin wallets.
if you mean hack a bitcoin address then it is impossible.
if you mean hack a wallet which is encrypted then it depends on the encryption.
also there is always the possibility of malware like keyloggers which can leak your secret information.

p.s keep in mind that all of these can be easily avoided.
sr. member
Activity: 434
Merit: 250
I do have a lot of wallets that come in handy in the right time.
So if you want to hold your coins for a long time you'll use a hard wallet or a paper wallet, on the other hand you will need your everyday wallet to spend your coins as well.

People use different wallets mainly for security reasons, But for the most part it's also nice to have things organized as well.
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