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Topic: Why do people use so many Bitcoin wallets? - page 40. (Read 51694 times)

hero member
Activity: 1498
Merit: 547
Pugs are the best!
February 22, 2016, 12:38:42 PM
Well I made 2wallets just for more security but now I have more than 8 bitcoin address on 1 wallet on coinbase xD but I think its better that for more security ..
And maybe people make many wallet due to some wallets have limits
sr. member
Activity: 266
Merit: 250
February 22, 2016, 12:23:36 PM
i use 2. both of them are the primary 11.2 cores. experimented with a few others. 1 issue that kept me from using a different one is longevity. the other companies may stop supporting/developing their wallets. would rather not have my cold storage wallet become invalid/not useable.
sr. member
Activity: 336
Merit: 250
February 22, 2016, 11:44:42 AM
A lot of people are using a lot of wallets because of the security.
They do not want to get hacked by hackers, if you really want to be secure from other people you could use a cold storage or a paper wallet that can be used by yourself, you can make it yourself of course.
legendary
Activity: 2030
Merit: 1030
Privacy is always important
February 22, 2016, 11:40:41 AM
I think they are just want to save their bitcoin for safe wallet.. or they want to save their bitcoins o every wallet they want.. so that if the one of the wallet is scam you have a reserve bitcoin in another wallet..
Also i thought that they are using many wallet because they want to be anonymous and use other wallet to use it or spend purposes and receiving purposes..
hero member
Activity: 504
Merit: 500
February 22, 2016, 11:38:09 AM
I use a lot of wallets from different producers because I like to try them out. Besides if you wanna keep your coins private, you will want to have multiple addresses.
sr. member
Activity: 476
Merit: 250
U will never know the true answer, before you try
February 22, 2016, 11:35:15 AM
it's a normal guys, everyone trying to search perfect wallet, then he try to using all of "new wallet system" , now i found more people using xapo and coinbase, because the wallet is very simple, also the zero fee make everyone confidence but he could not feel the working system of bitcoin...
That is why I use those wallets because of the zero fees when using them. It makes it more convenient when you have a lot of small transactions going out. They tend to add up when you have multiple sends going out at the same time.

but the minimum transaction is 10.000 satosi, someday i try submit 50.000 but the transaction could not be processed
anyway im use blockchain too for very low transaction with fee 4k-5k satosi
hero member
Activity: 714
Merit: 500
SkyFall
February 22, 2016, 11:01:06 AM
A lot of people are using so much wallets for the security they want, if you now get hacked you will not lose all your bitcoins at once.
I think its a pretty good secure measurement, but you should also can make a paper wallet to be better secured.
legendary
Activity: 3122
Merit: 1398
For support ➡️ help.bc.game
February 22, 2016, 10:55:32 AM
They use it because it is so easy to use. And it is good to use. I use it too and I like it very much.
But some people doesnt trust the online walllets, because they think that they can be hacked that is why they dont use it.

Yes and it's reasonable to have a traits like that.

But most of the easy transactions and a less hassle are done with web wallets so somehow we can trust them. Just don't store too much coins in web wallets and just use it for a quick transactions.
hero member
Activity: 546
Merit: 500
February 22, 2016, 10:27:25 AM
They use it because it is so easy to use. And it is good to use. I use it too and I like it very much.
But some people doesnt trust the online walllets, because they think that they can be hacked that is why they dont use it.
legendary
Activity: 3122
Merit: 1398
For support ➡️ help.bc.game
February 22, 2016, 09:40:53 AM
In most of the cases, if you are using mainly a web based wallet it's really a good practice to have a multiple wallets.

It's no harm to trust those web wallets today but trust is not enough to make your coins secured.
legendary
Activity: 1372
Merit: 1008
February 22, 2016, 07:19:24 AM
Well I have at least 2 Bitcoin wallets, is because if something happens to my other wallet than I have the other one that is still good.
Is just for safety porpuse that in the future my wallets are still fine.
I also prefer to have several wallets and its much better and safer as well in order to use the one if other have issues for certain reason. I do agree with having multiple wallets.
yes I also think to recommend using some wallets may be 2 or 3. it could assist in security. but if we use authentication to third-wallet. of course it will make a complicated. right ?
member
Activity: 64
Merit: 10
February 22, 2016, 04:45:53 AM
I personally use paper wallets to keep my coins secure for a long time, i use a desktop wallet to keep a couple hundred dollars worth of bitcoin, and an android wallet just in case i ever need to buy something using bitcoin in a shop.
full member
Activity: 260
Merit: 100
February 22, 2016, 04:44:40 AM
I jus have two wallets. I guess because of hackers and security issue people might try several wallets to keep bitcoins safe Smiley
hero member
Activity: 742
Merit: 500
February 22, 2016, 04:00:58 AM
in my exprience why do people use so many bitcoin wallets, as for me i just want to try new wallet, and compare which are the best wallet, some wallet is suitable for me like coinbase for stored my spendable bitcoin ,blockchain for much bitcoin i think,and also paper wallet for long term investment, etc
yeah each wallet is unique
hero member
Activity: 2646
Merit: 587
February 22, 2016, 02:25:15 AM
it's a normal guys, everyone trying to search perfect wallet, then he try to using all of "new wallet system" , now i found more people using xapo and coinbase, because the wallet is very simple, also the zero fee make everyone confidence but he could not feel the working system of bitcoin...
Agreed, I think you gave a valid reason why people using so many wallets, this is also my habit to find and try new wallets which secure and easy to use. I believe this would be an endless search and new innovative wallets also will keep on coming always.  Smiley
hero member
Activity: 490
Merit: 500
February 21, 2016, 08:57:28 PM
It's good to have more than one choice. You never know what can happen.
yeah agree. A wallet may be compromised, if you only use one wallet, of course all of your money will be lost, or maybe if you lose the authentication and only has one wallet. of course it would be very troublesome
legendary
Activity: 2170
Merit: 1427
February 21, 2016, 07:05:59 PM
i think have more than 1 wallet is for farming. U know calm? Yes like calms give (i forget but maybe worth 10$ btc) to old wallet on blockchain.

It can be used for farming purposes such as giveaways, but the biggest reason for having several wallet addresses is purely security and anonymity.
sr. member
Activity: 308
Merit: 250
February 21, 2016, 06:57:12 PM
People are using many wallets because they do not want to get be a victim of hackers, for bitcoin the wallet is very important of course because you store your btc in it.
If you really want to be secure, mostly with high values you better can make a paper wallet if you are smart.
legendary
Activity: 966
Merit: 1000
TRUMP IS DOING THE BEST! MAKE AMERICA GREAT AGAIN!
February 21, 2016, 06:35:07 PM
it's a normal guys, everyone trying to search perfect wallet, then he try to using all of "new wallet system" , now i found more people using xapo and coinbase, because the wallet is very simple, also the zero fee make everyone confidence but he could not feel the working system of bitcoin...
That is why I use those wallets because of the zero fees when using them. It makes it more convenient when you have a lot of small transactions going out. They tend to add up when you have multiple sends going out at the same time.
sr. member
Activity: 476
Merit: 250
U will never know the true answer, before you try
February 21, 2016, 04:08:27 AM
it's a normal guys, everyone trying to search perfect wallet, then he try to using all of "new wallet system" , now i found more people using xapo and coinbase, because the wallet is very simple, also the zero fee make everyone confidence but he could not feel the working system of bitcoin...
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