Why do people use so many Bitcoin wallets? - page 41.

OnTheMF

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Quote from: ekoice on February 20, 2016, 08:30:26 AM

Quote from: Nameless Coin on December 10, 2015, 04:20:06 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.

I have several wallets too because its safe to keep multiple wallets but need to get track of it of every thing.

PakistanHockeyfan

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People should know by now that several wallets is for anonymity. I feel as that the author of this thread might have already somewhat realized it.

mixan

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I would say to not have all their bitcoins in one place at one given time. That is just not a sensible thing to do now a days with wallets being hacked into all the time.
I would not keep a large amount in one wallet either, that is just asking to be robbed and losing it all.

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Quote from: srinikethan on February 20, 2016, 11:00:26 AM

many use wallets because we prefer our bitcoins to be safe...and there is no safer place than bitcoin wallet to safeguard our bitcoins:D...i insist you to use wallet and safeguard your bitcoins:D

The main reason is safety, as no one wants that their bitcoins should be stolen or gets hacked and that is the reason people opt for many wallets and that is the right thing to do.

agusmf

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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.

srinikethan

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many use wallets because we prefer our bitcoins to be safe...and there is no safer place than bitcoin wallet to safeguard our bitcoins:D...i insist you to use wallet and safeguard your bitcoins:D

n0ne

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Bitcoin wallets when used online, often get into hacking. To avoid such incidents people use various wallets to store their respective bitcoins.

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Quote from: pocarime32 on February 20, 2016, 02:42:34 AM

Quote from: rababo on February 20, 2016, 02:22:11 AM

maybe it's for security reason.
have many wallets can prevent from big loss if your wallet got hacked.

Yes, i think many people use so many bitcoins wallets for security and safety. So they not stored all their bitcoins into 1 wallet. they seperate their wallet so it's more safe.

do not need to use a lot of wallet to be more secure, it will only make trouble in accessing and may make you confused and complicated
better to use one wallet, and add lots of authentication in it. such as barcode android, google authy, verify sms, etc. it would be helpful to be safer than making a lot of wallets

youdamushi

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Quote from: ekoice on February 20, 2016, 08:30:26 AM

Quote from: Nameless Coin on December 10, 2015, 04:20:06 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.

I understand why you'd have different kind of wallets but why different wallets of the same kind!

blackbird307

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It's good to have more than one choice. You never know what can happen.

ekoice

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Quote from: Nameless Coin on December 10, 2015, 04:20:06 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.

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Quote from: Pattart on February 20, 2016, 06:21:52 AM

Quote from: jonathgb25 on February 20, 2016, 04:38:27 AM

Others use many bitcoin addresses to minimize their identity online and maximize their anonimity if their previous bitcoin addresses were linked into their profile.

Lol you can make address as much as possible in one wallet dude. i think the reason, is not like that

That's true, I think people use many bitcoin wallets for security reasons, as they have fear if their one wallet gets hacked or damaged, their bitcoins would be safe in other wallets, but hacking wallet is not that easy.

Pattart

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Quote from: jonathgb25 on February 20, 2016, 04:38:27 AM

Others use many bitcoin addresses to minimize their identity online and maximize their anonimity if their previous bitcoin addresses were linked into their profile.

Lol you can make address as much as possible in one wallet dude. i think the reason, is not like that

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

Just wondering why people use so many Bitcoin wallets.

Flexibility. I have a different wallet for different purposes.

+ Its better to not keep all eggs in 1 basket

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Quote from: Imoote on February 20, 2016, 12:03:39 AM

Quote from: Aamir1 on February 19, 2016, 12:52:29 PM

Quote from: Flash1997 on February 18, 2016, 02:37:57 PM

I only use 1 wallet and that is on blockchain.info , never had any problem with them and now they look even better

That is really risky, don't store all your bitcoins in one wallet, try to keep them in different places so that you don't lose all the coins in case something happens to the wallet or blockchain.

Why not retain all bitcoin in the same place? What will the impact be?
Because I think it is still safe and I do not know what will happen if bitcoin stores all in one wallet.

There is a huge difference between spreading your coins on different services and keeping them all in one service. If let's say one wallet provider gets hacked and your coins get stolen, you would still have some coins left. However, all your wallets would probably get hacked if you have malware on your device.

For desktop wallets, some could possibly have zero day vulnerability and hence get hacked. Putting coins across several wallets helps to prevent the user losing all his coins.

krunox123

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

Just wondering why people use so many Bitcoin wallets.

I'm not really sure why, but I am using two Bitcoin wallets which is the core and a web wallet, Blockchain.info.
Probably because for the sake of their coins safety? Because you still got a backup of coins even though your coins in Wallet 1 is stolen.

jonathgb25

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Others use many bitcoin addresses to minimize their identity online and maximize their anonimity if their previous bitcoin addresses were linked into their profile.

blackmachinegun

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Quote from: rababo on February 20, 2016, 02:22:11 AM

maybe it's for security reason.
have many wallets can prevent from big loss if your wallet got hacked.

yeah true.
I think there is no reason other than security. use a lot of purses are very useful for subtracts the risk of losing all the money, but if it makes you become complicated. better to use one wallet

pocarime32

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Quote from: rababo on February 20, 2016, 02:22:11 AM

maybe it's for security reason.
have many wallets can prevent from big loss if your wallet got hacked.

Yes, i think many people use so many bitcoins wallets for security and safety. So they not stored all their bitcoins into 1 wallet. they seperate their wallet so it's more safe.

rababo

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maybe it's for security reason.
have many wallets can prevent from big loss if your wallet got hacked.

Topic: Why do people use so many Bitcoin wallets? - page 41. (Read 51694 times)