Topic: Why do people use so many Bitcoin wallets? - page 38. (Read 51694 times)
I wonder about that as well, I seen people using 5 or 6 PC wallets and I think just one would do... Also seen people with thousands of addresses although 3-4 should be enough.
Well I hold multiple wallets for several purposes.
A trading wallet
A savings wallet
A wallet for spendings and deposits
It's not very much, but it makes things easier to track.
I think you do not need to make a lot of wallets. for a specific function. you can directly use another address in one wallet. and add information in the address. it will be easier and simplerA trading wallet
A savings wallet
A wallet for spendings and deposits
It's not very much, but it makes things easier to track.
but save in a few wallet was better and to avoid losing in one day when you are there at one bitcoin wallet. at least not lose everything.
Each wallet has an advantage of it's own IMO, I am using blockchain for fast transactions and multibit for saving bitcoins in my device.
Just wondering why people use so many Bitcoin wallets.
I think they use for their businesses for many large transactions. But i am using only one wallet since i started using BTC.
Because people like it to use it. It is very good to use and it works very easy. I hope later more people will use it.
And that the value will also rise and that Bitcoin is also later more popular, that will be good.
And that the value will also rise and that Bitcoin is also later more popular, that will be good.
What is the connect of that statement if users like to use multiple wallets?
Majority of users like to have a multiple wallet because of such different purposes e.g gambling, cold wallet, hot wallet etc.
Because people like it to use it. It is very good to use and it works very easy. I hope later more people will use it.
And that the value will also rise and that Bitcoin is also later more popular, that will be good.
And that the value will also rise and that Bitcoin is also later more popular, that will be good.
well i am using multiple wallets because of their different functionalities. like using blockchain.info because it is an online web wallet which i trust with small amounts and i also use paper wallet for the cold storage and safety.
Yes maybe if you use a lot of wallet with the usability of each was better to see revenues from anywhere.
But if you use a lot of the same function wallet but I think it's all useless.
If you look at each wallet you will mostly see focus in a certain aspect, for example electrum on speed and ease of use and armory on security etc... I think this is why people use many different wallets.
yeah because every purse has the advantages of each. blockchain has the advantage of a very simple and safe, you can do a full control on your wallet. such as wallet import and export, etcand there is also xapo. with no transaction fee. varies widely
well i am using multiple wallets because of their different functionalities. like using blockchain.info because it is an online web wallet which i trust with small amounts and i also use paper wallet for the cold storage and safety.
Well I hold multiple wallets for several purposes.
A trading wallet
A savings wallet
A wallet for spendings and deposits
It's not very much, but it makes things easier to track.
I think you do not need to make a lot of wallets. for a specific function. you can directly use another address in one wallet. and add information in the address. it will be easier and simpler A trading wallet
A savings wallet
A wallet for spendings and deposits
It's not very much, but it makes things easier to track.
If you look at each wallet you will mostly see focus in a certain aspect, for example electrum on speed and ease of use and armory on security etc... I think this is why people use many different wallets.
Well I hold multiple wallets for several purposes.
A trading wallet
A savings wallet
A wallet for spendings and deposits
It's not very much, but it makes things easier to track.
A trading wallet
A savings wallet
A wallet for spendings and deposits
It's not very much, but it makes things easier to track.
The only 2 Bitcoin wallets that I use are my trezor wallet and my coinbase wallet. I keep most in my trezor, and a small amount in my coinbase wallet.
Do you think these are safe wallets. Is it OK to let others control your money? I hold the coins in the Core wallets.
I think companies like coinbase use a different wallet for every deposit so no one can track the amount of a customers deposits. It's not all being put in the same wallet for deposit.
Yes but for us ordinary bitcoin users why should coined many bitcoin wallet?I still do not understand what is the reason.
Yeah, and its better to have multiple wallets rather then having a single, because having multiple wallets will diversify your risk, even if your one wallet gets hacked rest of them are safe.
Well, have many wallets also not good though. I mean if you want collect all your bitcoin into 1 wallet, you need pay the fee for transaction.
Yes but its always better to have multiple wallets, as if your one wallet is damaged then your coins in other wallets are safe and you don't loose everything.
The only 2 Bitcoin wallets that I use are my trezor wallet and my coinbase wallet. I keep most in my trezor, and a small amount in my coinbase wallet.
Just wondering why people use so many Bitcoin wallets.
Well for me it's because multibit HD just says that after receiving 1 transaction in a wallet.
The wallet is not safe anymore and I should use a new wallet.
Also downloaded Electrum today and I must say it is working quite well.
Only confusing for me is the transaction cost are quite high.
its the address to be not reused not the wallet. The wallet has hardly anything to do with eachother.
Electrum is lightweight and easier to use, make sure you remember the seed.
each wallet have unique plus feature example :
-blockchain give full acces to your bitcoin wallet and you can change the fee to zero or 1000satosi
-coinbase give acces to create sign message , zero fee, but tracking your transaction.
-blockchain give full acces to your bitcoin wallet and you can change the fee to zero or 1000satosi
-coinbase give acces to create sign message , zero fee, but tracking your transaction.
I think companies like coinbase use a different wallet for every deposit so no one can track the amount of a customers deposits. It's not all being put in the same wallet for deposit.
Yes but for us ordinary bitcoin users why should coined many bitcoin wallet?I still do not understand what is the reason.
Yeah, and its better to have multiple wallets rather then having a single, because having multiple wallets will diversify your risk, even if your one wallet gets hacked rest of them are safe.
Well, have many wallets also not good though. I mean if you want collect all your bitcoin into 1 wallet, you need pay the fee for transaction.
I think companies like coinbase use a different wallet for every deposit so no one can track the amount of a customers deposits. It's not all being put in the same wallet for deposit.
Yes but for us ordinary bitcoin users why should coined many bitcoin wallet?I still do not understand what is the reason.
Yeah, and its better to have multiple wallets rather then having a single, because having multiple wallets will diversify your risk, even if your one wallet gets hacked rest of them are safe.
excactly, and it also increases your privacy.
If the hacker can track your wallets he might attempt to steal all from you, so you must keep them safe and isolated.
I think companies like coinbase use a different wallet for every deposit so no one can track the amount of a customers deposits. It's not all being put in the same wallet for deposit.
Yes but for us ordinary bitcoin users why should coined many bitcoin wallet?I still do not understand what is the reason.
Yeah, and its better to have multiple wallets rather then having a single, because having multiple wallets will diversify your risk, even if your one wallet gets hacked rest of them are safe.
excactly, and it also increases your privacy.
If the hacker can track your wallets he might attempt to steal all from you, so you must keep them safe and isolated.
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