Why do people use so many Bitcoin wallets? - page 39.

kartaggen

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Quote from: betohell on February 25, 2016, 07:10:58 PM

Quote from: Imoote on February 25, 2016, 01:15:15 AM

Quote from: aardvark15 on February 24, 2016, 10:13:05 PM

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.

because for safety mate. most people say that. you will not lose all your money, if one day the purse was hacked.

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.

betohell

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Quote from: Imoote on February 25, 2016, 01:15:15 AM

Quote from: aardvark15 on February 24, 2016, 10:13:05 PM

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.

because for safety mate. most people say that. you will not lose all your money, if one day the purse was hacked.

jokerrj

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People have fear of loosing their bitcoins if they are stored in a single wallet, they have a fear of hackers and scammers and that is the reason they are using multiple wallets.

ricardobs

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Quote from: neonshium on February 25, 2016, 10:04:34 AM

Quote from: Pattart on February 24, 2016, 10:15:05 PM

Quote from: gilangIDR on February 24, 2016, 09:39:48 PM

everyone has their own interests. if I choose to have my privacy is maintained. so that the funds that I have not been exposed widely.

yeah everyone has their own opinion. I myself use two wallet, only to variations in electrum and blockchain

I think one wallet for one crypto currency is enough. I have joined many walletes but just for checking which one is better. finally I found xapo is finest wallet for bitcoin. I am using xapo only now..

The only reason of using multiple bitcoins wallets is security. People do not want to keep all their hard earned bitcoins in one wallet.They split their bitcoins in different wallets, so that even if one wallet is hacked, they dont loose all of their coins. So, you need to consider your opinion.

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Quote from: Pattart on February 24, 2016, 10:15:05 PM

Quote from: gilangIDR on February 24, 2016, 09:39:48 PM

everyone has their own interests. if I choose to have my privacy is maintained. so that the funds that I have not been exposed widely.

yeah everyone has their own opinion. I myself use two wallet, only to variations in electrum and blockchain

I think one wallet for one crypto currency is enough. I have joined many walletes but just for checking which one is better. finally I found xapo is finest wallet for bitcoin. I am using xapo only now..

extrabyte

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Quote from: justspare on December 10, 2015, 03:14:46 AM

Just wondering why people use so many Bitcoin wallets.

because people want to know which bitcoin wallet is better then other. I have also joined many bitcoin wallets for checking their quality

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Quote from: Imoote on February 25, 2016, 01:15:15 AM

Quote from: aardvark15 on February 24, 2016, 10:13:05 PM

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.

Well, you know they say "Don't put all your eggs in one basket", may that's why they are using many different wallets. Idk, I used to have two wallets some time ago and now I have only one. Time will tell who's right though.

Imoote

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Quote from: aardvark15 on February 24, 2016, 10:13:05 PM

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.

Scream

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U will never know the true answer, before you try

Quote from: aardvark15 on February 24, 2016, 10:13:05 PM

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.

NO one can track the amount of acustomer deposit? sure ? Roll Eyes

http://cointelegraph.com/news/coinbase-is-tracking-how-users-spend-their-bitcoins

Pattart

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Quote from: gilangIDR on February 24, 2016, 09:39:48 PM

everyone has their own interests. if I choose to have my privacy is maintained. so that the funds that I have not been exposed widely.

yeah everyone has their own opinion. I myself use two wallet, only to variations in electrum and blockchain

aardvark15

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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.

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Quote from: nickenburg on February 24, 2016, 07:00:53 PM

Quote from: justspare on December 10, 2015, 03:14:46 AM

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.

gilangIDR

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everyone has their own interests. if I choose to have my privacy is maintained. so that the funds that I have not been exposed widely.

Aurorae

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I'm not entirely sure why people use so many wallets, but I only use one. I guess they have their reasons to do so.

smodern

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Quote from: justspare on December 10, 2015, 03:14:46 AM

Just wondering why people use so many Bitcoin wallets.

why do we have so many different brands offering almost the same products.
It is same story with bitcoin wallets, users have the abitlity to choose wallet based on their personal preferences,
online wallet, local wallet, wallet with SPV or full validation etc. It is all about choices. Wink

nickenburg

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Quote from: justspare on December 10, 2015, 03:14:46 AM

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.

RealBitcoin

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privacy, or just comfort.

I like to have many wallets each one for different purposes, to not confuse their roles.

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Quote from: el kaka22 on February 22, 2016, 03:27:41 PM

Quote from: BlueStackz on February 22, 2016, 03:21:56 PM

There are basically two reasons for that 1) because some people want to stay anonymous and 2) because some people scam others and want them to not catch them with linked or old address. Others reasons seems highly unlikely to be real.

your two reasons are basically mean only one thing. Staying anonymous. Other than this, security in the foremost needed thing for every bitcoiner for which we are in need of more wallets and addresses.

But I think using one bitcoin wallet was safe enough because I think security has been maintained safely.
Then why should have two bitcoin wallet if one alone is safe?

el kaka22

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Quote from: BlueStackz on February 22, 2016, 03:21:56 PM

There are basically two reasons for that 1) because some people want to stay anonymous and 2) because some people scam others and want them to not catch them with linked or old address. Others reasons seems highly unlikely to be real.

your two reasons are basically mean only one thing. Staying anonymous. Other than this, security in the foremost needed thing for every bitcoiner for which we are in need of more wallets and addresses.

BlueStackz

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There are basically two reasons for that 1) because some people want to stay anonymous and 2) because some people scam others and want them to not catch them with linked or old address. Others reasons seems highly unlikely to be real.

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