Maybe they think using many bitcoin
address then the transaction will be
more secure
address then the transaction will be
more secure
I also think the same reason behind this. More address may be easy for fast transactions.
Topic: Why do people use so many Bitcoin wallets? - page 37. (Read 51715 times)
I also think the same reason behind this. More address may be easy for fast transactions.
I use 5 bitcoin wallets. just don't want to put all of my eggs in one container.
it's too much. there will be no wallet hack into your account if you use a lot of security. useless to use a lot of wallets. but no authenticationGuys wallets are using in more numbers because People use to work in many kind bitcoin works like trading, lending, account selling and more. So want that to be anonymous way. This is the exact reason.
To be on the safe side, people uses many wallets and reason for this is that they
want to be safe that if one wallet is lost, they have another one. and all their coins are not lost at once.
want to be safe that if one wallet is lost, they have another one. and all their coins are not lost at once.
It is very good to use. And it is also very safe and secure and I think that is the most important. That it must be very safe.
Some people around me dont even trust Bitcoin and that is the problem. I hope that more people will use it later in the future.
Some people around me dont even trust Bitcoin and that is the problem. I hope that more people will use it later in the future.
I use 5 bitcoin wallets. just don't want to put all of my eggs in one container.
it's too much. there will be no wallet hack into your account if you use a lot of security. useless to use a lot of wallets. but no authentication
Actually the ppl who use most bitcoin address is the exchanges, bitcoin startups who always creates new address for deposits, then transfer out the deposits.
I think using many bitcoin wallets is for security and if you had 1 wallet only has disadvantage
ex. When you only have 1 wallet and got hack and all your funds are there so there will no left for you instead if you have 2 or 3 more wallets you can divide your funds in there
ex. When you only have 1 wallet and got hack and all your funds are there so there will no left for you instead if you have 2 or 3 more wallets you can divide your funds in there
like you Im using some wallet too, electrum wallet(Pc+anroid), mycellium wallet (android), coinbase web based, xapo at web based and android , and the paper wallet.
use many wallets is good for security, I have bad experience with blockchain.info, now im leave it.
I think using many bitcoin wallets is for security and if you had 1 wallet only has disadvantage
ex. When you only have 1 wallet and got hack and all your funds are there so there will no left for you instead if you have 2 or 3 more wallets you can divide your funds in there
ex. When you only have 1 wallet and got hack and all your funds are there so there will no left for you instead if you have 2 or 3 more wallets you can divide your funds in there
The reason behind the usage of various wallets is to make transactions much secure and anonymous.
Maybe they think using many bitcoin address then the transaction will be more secure
-snip-
Yes, lot of wallets (some times address) may end up in mess. Practical approach must be, use one or two wallet types for some time like 3 or 6 months. Then make them cold storage and move to different wallet type.
These all for the bitcoiners who want to save bitcoins for years.
Luckily I am already doing that, but not intentionally. I love trying new wallets but when moves to new one I back up old one and put in offline. I still in search of features rich wallet which makes me trying out new wallets. Yes, lot of wallets (some times address) may end up in mess. Practical approach must be, use one or two wallet types for some time like 3 or 6 months. Then make them cold storage and move to different wallet type.
These all for the bitcoiners who want to save bitcoins for years.
I use 5 bitcoin wallets. just don't want to put all of my eggs in one container.
it's too much. there will be no wallet hack into your account if you use a lot of security. useless to use a lot of wallets. but no authenticationThese all for the bitcoiners who want to save bitcoins for years.
I use 5 bitcoin wallets. just don't want to put all of my eggs in one container.
it's too much. there will be no wallet hack into your account if you use a lot of security. useless to use a lot of wallets. but no authenticationGuys wallets are using in more numbers because People use to work in many kind bitcoin works like trading, lending, account selling and more. So want that to be anonymous way. This is the exact reason.
I use 5 bitcoin wallets. just don't want to put all of my eggs in one container.
it's too much. there will be no wallet hack into your account if you use a lot of security. useless to use a lot of wallets. but no authentication 
I use 5 bitcoin wallets. just don't want to put all of my eggs in one container.
Why did you make that much bitcoin wallet? Does every bitcoin wallet will store income from a different place or what?
According to my store bitcoin in many places does not affect anything for security.
I use 5 bitcoin wallets. just don't want to put all of my eggs in one container.
The reason behind using more than one wallet is diversification which may save someone from loosing all his/her bitcoin.
It's a wise idea and it's always better to to use at least 3 wallets where the amount can be divided and kept safe. So if one wallet become scam, that person will be able to survive some of its coin.
I myself use one desktop wallet and two online wallets.
It's a wise idea and it's always better to to use at least 3 wallets where the amount can be divided and kept safe. So if one wallet become scam, that person will be able to survive some of its coin.
I myself use one desktop wallet and two online wallets.
these days lots of people get interested in hacking and try to steal others bitcoins. So to be on the safer
side people prefer various online and offline wallets which makes them feel their bitcoins are really safe.
I think even though we have many bitcoin wallet if it is stolen coin is there still be taken and can not go back. Maybe we have to be careful to keep bitcoin to be safe. And I think some of the bitcoin wallet already have good security. side people prefer various online and offline wallets which makes them feel their bitcoins are really safe.
these days lots of people get interested in hacking and try to steal others bitcoins. So to be on the safer
side people prefer various online and offline wallets which makes them feel their bitcoins are really safe.
side people prefer various online and offline wallets which makes them feel their bitcoins are really safe.
Everyone finds something they like with each wallet and I think it is fine to use multiple wallets if you find good things with each wallet. Wallets have specific advantages for each...
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