Why do people use so many Bitcoin wallets? - page 43.

jkrules

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Quote from: zeaderza on February 14, 2016, 09:17:47 AM

People use many bitcoin wallet for safe.
IF you use only a wallet is a risk to lose your bitcoin.

Yeah, there are chances that you might forget the password or your laptop gets damaged and you don't have a back up of that particular wallet which would result in loosing all your bitcoins.

ekoice

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its good to have different wallets because it increases our chances to raise our income and earning with profitablitiy and has more growth while having more wallets. I would suggest the same for every one.

zeaderza

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People use many bitcoin wallet for safe.
IF you use only a wallet is a risk to lose your bitcoin.

bob123

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Well, Hot Wallet, Cold Wallet and Mobile wallet.
Since i cant use 1 Wallet for these 3 kinds of storages.. i have to go with 3 wallets.

PakistanHockeyfan

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I think we already covered this question. It is for the anonymity.

Herbert2020

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Quote from: ajun96 on February 13, 2016, 10:57:38 PM

Quote from: Your Point Is Invalid on February 13, 2016, 08:34:31 PM

People use many different wallets and addresses for privacy, people don't want to get tagged to one address, it makes you less anonymous, every few months or so i change my main addresses (but I keep the private keys from the old ones so I can sign a message if the need arises).

I think not. If you never give your addresses to anyone with your true identity, you will remain anonymous, since no name address listed,
use a lot of wallets, I think not because anonymous

there is always a first time you bought bitcoin with money and if you have provided any kind of information then, you have no anonymity because it can be connected to your bank and then to you.

but i agree that using multiple wallets is not for anonymity, he might mean using different addresses, not wallets. using different wallets is more because of different features that different wallets offer

ajun96

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Quote from: Your Point Is Invalid on February 13, 2016, 08:34:31 PM

People use many different wallets and addresses for privacy, people don't want to get tagged to one address, it makes you less anonymous, every few months or so i change my main addresses (but I keep the private keys from the old ones so I can sign a message if the need arises).

I think not. If you never give your addresses to anyone with your true identity, you will remain anonymous, since no name address listed,
use a lot of wallets, I think not because anonymous

gilangIDR

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Quote from: Your Point Is Invalid on February 13, 2016, 08:34:31 PM

People use many different wallets and addresses for privacy, people don't want to get tagged to one address, it makes you less anonymous, every few months or so i change my main addresses (but I keep the private keys from the old ones so I can sign a message if the need arises).

yes sometimes with one address one's wallet will be easier to see their wealth. and it is a very great privacy.

draceus

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Quote from: Your Point Is Invalid on February 13, 2016, 08:34:31 PM

People use many different wallets and addresses for privacy, people don't want to get tagged to one address, it makes you less anonymous, every few months or so i change my main addresses (but I keep the private keys from the old ones so I can sign a message if the need arises).

yeah I agree with you friends .many people use different wallet and address for safety each other because when people use same wallet and address then will come problem maybe people stolen bitcoin from wallet each other .

Your Point Is Invalid

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Dear me, I think I'm becoming a god

People use many different wallets and addresses for privacy, people don't want to get tagged to one address, it makes you less anonymous, every few months or so i change my main addresses (but I keep the private keys from the old ones so I can sign a message if the need arises).

23dzmaz

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Mabye because people want more security and safety by having many wallets. For me i only have 2 wallets, 1 for receiving money and 1 wallet for gambling, so i seperate it.

uname

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Quote from: ?? on ??

Quote from: angryrob on February 12, 2016, 11:34:04 AM

I think people use multiple wallets only to diversify the risks, and it is a good move to make, even if one wallet is damaged or hacked by the scammers, the savings in other wallet would be intact, and you don't loose everything.

How if all wallet hacked ?? Its possible look now hacker its very good to hacked anything.

stupid people to make same addres to another wallet

DeDordtenaar

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Quote from: russian_pete on February 13, 2016, 06:57:28 PM

It's simple, because it is for their own extra security and for trading and some other stuff. I myself use 5 accounts for storing my BTC and 2 other accounts for trading.

wallet offline or wallet online dude ?
it is important for the variation, I only had 2 online wallet, and other in desktop wallet

romero121

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DGbet.fun - Crypto Sportsbook

Use of many bitcoin wallets is just to have the hardly earned bitcoins very secure. Use of many bitcoin wallets help place large volume of bitcoin saved by splitting into smaller units. So that if something goes wrong whole effort won't get into tragedy.

russian_pete

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It's simple, because it is for their own extra security and for trading and some other stuff. I myself use 5 accounts for storing my BTC and 2 other accounts for trading.

Ferrero

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Well, I think its totally dumb to use too many wallets.You can use one for your regular daily transactions and one for your savings maybe or your urgent deposits.But again ,your wallets like blockchain gives options to have a different address to receive bitcoins if you want so don't really need to change accounts or create a new wallet at all.

ampere

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I think people are afraid of scammers and they want to protect their bitcoins, so they are using multiple wallets, so even if one wallet is damaged or hacked the rest of bitcoins are safe in other wallets.

novgod

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My use is: a couple spending wallets, one on each box and on mobiles when necessary, another medium sized wallet for refreshing the spending wallets, kept in reasonable state of offline-ness. Cold storages I don't touch more than annually.

designerusa

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Quote from: justspare on December 10, 2015, 02:14:46 AM

Just wondering why people use so many Bitcoin wallets.

absolutely, just because of staying anonymous , they use many bitcoin wallet. therefore they cant be chased by legal forces..

virtualdn

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You know how they say. Never keep all eggs in one basket Wink

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