Why do people use so many Bitcoin wallets? - page 44.

pneumatic5

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Quote from: barbara44 on February 13, 2016, 12:03:52 PM

Quote from: Monnt on February 12, 2016, 11:39:07 PM

Simply for convenience. I have a cold wallet, holding up all my savings in bitcoin, and a hot wallet, which has 0.5 BTC in it, which I use for digital goods and online spending on the go.

Other than convenience may be security is the biggest reason. Because all different wallets will not be unsecured at a same time. But I think having one wallet and securing it with strong password is better than multiple wallets.

That's true, its better to have one wallet rather then having multiple wallets, as there are chances that you might forget the password of wallet, and you loose all your saved bitcoins.

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Quote from: Monnt on February 12, 2016, 11:39:07 PM

Simply for convenience. I have a cold wallet, holding up all my savings in bitcoin, and a hot wallet, which has 0.5 BTC in it, which I use for digital goods and online spending on the go.

Other than convenience may be security is the biggest reason. Because all different wallets will not be unsecured at a same time. But I think having one wallet and securing it with strong password is better than multiple wallets.

Monnt

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Simply for convenience. I have a cold wallet, holding up all my savings in bitcoin, and a hot wallet, which has 0.5 BTC in it, which I use for digital goods and online spending on the go.

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Quote from: Ryananda on February 12, 2016, 11:26:30 PM

Quote from: reputedchain on February 12, 2016, 09:06:56 PM

Quote from: MTBTT on February 12, 2016, 08:28:57 PM

Quote from: ?? on ??

Quote from: angryrob on February 12, 2016, 12:34:04 PM

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.

its not for everyone., don't make same password every wallet ior email

That's true if you have many wallets then you should not share a common password or else it would be much easier for a hacker to hack all your wallets and you would end up loosing everything, it would be again starting from zero.

Yes but I think it was the same when one of our wallets in hack contents will also be lost. Perhaps I personally prefer to use only one bitcoin wallet and keep the password secret. Sometimes a bitcoin wallet was also no security that I think it's nice and safe.

Yeah, its better to have a single but safe wallet, as more wallets will create more confusion, and if you forget the password you cannot recover it, so its good to have only one wallet and keep it safe.

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Quote from: reputedchain on February 12, 2016, 09:06:56 PM

Quote from: MTBTT on February 12, 2016, 08:28:57 PM

Quote from: ?? on ??

Quote from: angryrob on February 12, 2016, 12:34:04 PM

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.

its not for everyone., don't make same password every wallet ior email

That's true if you have many wallets then you should not share a common password or else it would be much easier for a hacker to hack all your wallets and you would end up loosing everything, it would be again starting from zero.

Yes but I think it was the same when one of our wallets in hack contents will also be lost. Perhaps I personally prefer to use only one bitcoin wallet and keep the password secret. Sometimes a bitcoin wallet was also no security that I think it's nice and safe.

reputedchain

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Quote from: MTBTT on February 12, 2016, 08:28:57 PM

Quote from: ?? on ??

Quote from: angryrob on February 12, 2016, 12:34:04 PM

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.

its not for everyone., don't make same password every wallet ior email

That's true if you have many wallets then you should not share a common password or else it would be much easier for a hacker to hack all your wallets and you would end up loosing everything, it would be again starting from zero.

MTBTT

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Quote from: ?? on ??

Quote from: angryrob on February 12, 2016, 12:34:04 PM

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.

its not for everyone., don't make same password every wallet ior email

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Quote from: CoinSkipper on February 12, 2016, 03:46:57 PM

I thing that they feels more safety when they have a lot of wallets

That's true safety is the major reason for going for multiple wallets, as multiple wallets will diversify your risks and would feel much safer, so even if one wallet is lost, you don't loose everything.

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I thing that they feels more safety when they have a lot of wallets

angryrob

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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.

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Quote from: heldertb on February 11, 2016, 11:54:06 PM

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

Just wondering why people use so many Bitcoin wallets.

people use so many bitcoin wallets because for safety and can, t stolen other person a bitcoin and after people feel comfortable and safe

Or just for practical use of their adresses.

I personally need around 15 addresses. Why having them all on one wallet?

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

Just wondering why people use so many Bitcoin wallets.

people use so many bitcoin wallets because for safety and can, t stolen other person a bitcoin and after people feel comfortable and safe

ajun96

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Quote from: phreaky on February 08, 2016, 11:01:11 AM

These people feel that much more convenient and faster.
Flashy is also safe but there is a chance you can be hacked but that chance is very small.

I think. not on the chance hacked smaller. hacked chance remains the same, the difference if we use a lot wallet, chances are we losing all the money will be smaller,
I mean if we lose one wallet, it will not make all of us lost

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Quote from: ~Bitcoin~ on February 08, 2016, 01:48:41 PM

I find bitgo little bit more secure and also faster and free like coinbase. I am long time blockchain user but i will also give now try to bitgo instant. I think this is the reason for almost everybody out there using multiple wallets.
(trying to explore new feature, searching cheapest, fastest or secure service.)

You didn't mention any wallets. Just sayin.. A bank is not a wallet.

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Quote from: Ryananda on February 11, 2016, 07:40:08 AM

Quote from: Kevin77 on February 08, 2016, 01:47:19 PM

Quote from: praprata on February 08, 2016, 04:27:42 AM

They use so many wallets because they need safety, I do it also.
Its very safe so if it goes wrong(hacked) you still will have some bitcoins.

Yeah it is true, but sometime some people use different wallets on a single account like different wallets in xapo, I am using different wallets there because it is better for me with that to organize all my earnings and transactions. With that I have the details that which bitcoins cae from where.

Yeah but if my opinion using bitcoin wallet tothe many difficult and complicated, we have to log in to many bitcoin wallet and it seems to me complicated.
So I still use one bitcoin wallet because it is very practical and as I collect bitcoin only of the signature campaign, munkin if I am looking for bitcoin in many ways I am going to use more than one bitcon wallet.

Didn't you know that the thing you called "difficult" and "complicated" might actually give you benefits in the future.

Hope you will get my point while building your progree in the bitcoin world.

mavrick951

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In my case I use several wallets to diversify the risk of something going wrong with one of them and I loose significant amounts of coins. Of course there's a practical limit to it. too many wallets and you end up crazy Tongue

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Quote from: Kevin77 on February 08, 2016, 01:47:19 PM

Quote from: praprata on February 08, 2016, 04:27:42 AM

They use so many wallets because they need safety, I do it also.
Its very safe so if it goes wrong(hacked) you still will have some bitcoins.

Yeah it is true, but sometime some people use different wallets on a single account like different wallets in xapo, I am using different wallets there because it is better for me with that to organize all my earnings and transactions. With that I have the details that which bitcoins cae from where.

Yeah but if my opinion using bitcoin wallet tothe many difficult and complicated, we have to log in to many bitcoin wallet and it seems to me complicated.
So I still use one bitcoin wallet because it is very practical and as I collect bitcoin only of the signature campaign, munkin if I am looking for bitcoin in many ways I am going to use more than one bitcon wallet.

~Bitcoin~

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I find bitgo little bit more secure and also faster and free like coinbase. I am long time blockchain user but i will also give now try to bitgo instant. I think this is the reason for almost everybody out there using multiple wallets.
(trying to explore new feature, searching cheapest, fastest or secure service.)

Kevin77

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Quote from: praprata on February 08, 2016, 04:27:42 AM

They use so many wallets because they need safety, I do it also.
Its very safe so if it goes wrong(hacked) you still will have some bitcoins.

Yeah it is true, but sometime some people use different wallets on a single account like different wallets in xapo, I am using different wallets there because it is better for me with that to organize all my earnings and transactions. With that I have the details that which bitcoins cae from where.

Mr.grin

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Well, sometimes people use more than one wallet it is because they need a wallet different to do every job on the internet that generates bitcoin, for example, the person separates bitcoin obtained from the gambling, and the bitcoin be obtained from the results of the trading

Topic: Why do people use so many Bitcoin wallets? - page 44. (Read 51694 times)