make your coin safe, what if you put all your coin on 1 bucket and then you lose(the address) ? better you use more than one address
but i don't think with use many address it's safe too.
Topic: Why do people use so many Bitcoin wallets? - page 45. (Read 51715 times)
Maybe they have many bitcoins wallets for seperate their bitcoin. For me i only have 2 bitcoin wallets, but i have many address. because i need it for seperate my earnings from many websites.
Multiple wallets are better than multiple address with the same wallet provider. Even you have lots of address if "that" provider of yours will turned you down, you know what will be the result.
Maybe they have many bitcoins wallets for seperate their bitcoin. For me i only have 2 bitcoin wallets, but i have many address. because i need it for seperate my earnings from many websites.
because everyone wants to ensure the confidentiality and security of their bitcoin wallet. with only one wallet they can not transact quiet.
Yeah, people have a fear that if someone track their transactions and knew about their bitcoins treasure in their wallet, then the thieves will definitely try to hack the wallet, so it is better to hide their transaction, so that no one know that all that money gone to one person and for that multiple wallets are better.Yep, that's exactly what I do to not get hacked by hackers.
I think its the best way to use multiple wallets to be secured.
You never know what could happen with your bitcoin if it goes wrong.
Honestly even using multiple wallet can be prone to bitcoin loss.
Web wallets can be gone someday, offline wallet can be erased, paper wallet can be misplaced.
In the end even using multiple wallets, you are the best wallet here. Take care of your wallets.
because everyone wants to ensure the confidentiality and security of their bitcoin wallet. with only one wallet they can not transact quiet.
Yeah, people have a fear that if someone track their transactions and knew about their bitcoins treasure in their wallet, then the thieves will definitely try to hack the wallet, so it is better to hide their transaction, so that no one know that all that money gone to one person and for that multiple wallets are better.Yep, that's exactly what I do to not get hacked by hackers.
I think its the best way to use multiple wallets to be secured.
You never know what could happen with your bitcoin if it goes wrong.
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.
Flashy is also safe but there is a chance you can be hacked but that chance is very small.
because everyone wants to ensure the confidentiality and security of their bitcoin wallet. with only one wallet they can not transact quiet.
Yeah, people have a fear that if someone track their transactions and knew about their bitcoins treasure in their wallet, then the thieves will definitely try to hack the wallet, so it is better to hide their transaction, so that no one know that all that money gone to one person and for that multiple wallets are better. IMO because each wallet has a unique advantage unique in it and of itself, for example electrum and blockchain are very fast and relatively easy to use, other wallets like armory or bitcoin core are more complicated but relatively more secure.
Yes indeed. I also think that people use Bitcoin wallets because it is much faster transactions.
It is also much easier and cheaper, why they use it.
~snip~
Yes everyone uses many bitcoin wallet different for different uses.
This was done in order to remain safe and secure bitcoin.
Yeah, everyone know that it is more secure if they use multiple bitcoin wallets, as all the online transactions of bitcoin are viewable to everyone. So I prefer to use multiple wallets so that no one know about all my transactions and I do not want that someone know about that how much bitcoin I got and I have. Yes everyone uses many bitcoin wallet different for different uses.
This was done in order to remain safe and secure bitcoin.
Different people have different purposes for using different wallets , some use it so as to secure their accounts and to stay away from hackers, some people use different wallets so as to use different bitcoin addresses for different purposes, which make it convenient and anonymous their transactions. I am using different wallets addresses for security. which is important
I use electrum for storage that's the most important
apart from that I like to diversify... blocktrail, blockchain.info... mycelium. spread the risk to minimize it
apart from that I like to diversify... blocktrail, blockchain.info... mycelium. spread the risk to minimize it
Just wondering why people use so many Bitcoin wallets.
Idk, I was using only two couple of years ago, and now there is only one left. I know many people here will say I'm crazy, but I'm using Coinkite and that's my only wallet now. I like the fact that you have access to your coins from anywhere on Earth, and for that you don't need to have even a smartphone, just an Internet café nearby is enough.
I agree I don't see the point either.
Two wallets are enough. One online, not secured but with free transactions for really small amounts. And one desktop, secured and good for the rest of my btc
People are using many wallets because of the safety it has.
If you got multiple wallets, you can not lose all at once.
I think the best thing you could do to be safe.
If you got multiple wallets, you can not lose all at once.
I think the best thing you could do to be safe.
Yes, it is highly similar to diversifying our investments. More over my wallets are just investment vehicles virtually. But all the wallets will provide me same rate of returns when bitcoin gets more value appreciations. Yes I use different wallets for my cold storage.
Just wondering why people use so many Bitcoin wallets.
Idk, I was using only two couple of years ago, and now there is only one left. I know many people here will say I'm crazy, but I'm using Coinkite and that's my only wallet now. I like the fact that you have access to your coins from anywhere on Earth, and for that you don't need to have even a smartphone, just an Internet café nearby is enough.
I guess it's about ease of use and the needs of the user, each wallet focus on a certain aspect "blockchain, ease of use. electrum, ease of use. armory, security" etc...
I do it for safety reasons, I have a wallet on my phone with a small amount of BTC for buying stuff. I
also have a full encrypted wallet on my PC with the majority of coins in it. Currently I'm looking into
using some paper wallets to move some of the coins from my PC wallet into as a long term cold storage.
also have a full encrypted wallet on my PC with the majority of coins in it. Currently I'm looking into
using some paper wallets to move some of the coins from my PC wallet into as a long term cold storage.
Just wondering why people use so many Bitcoin wallets.
maybe they looking for the best,and try one of one bitcoin wallet,i also ever do that,try some bitcoin wallet,for looking for the best online wallet,and now i found it.
People are using many wallets because of the safety it has.
If you got multiple wallets, you can not lose all at once.
I think the best thing you could do to be safe.
If you got multiple wallets, you can not lose all at once.
I think the best thing you could do to be safe.
I noticed this too and do not why exactly since the bitcoin core or any other wallet will do since the protocol and the system is the same, also online wallets are very risky way of keeping bitcoins imo since you do not hold your private keys.
I use 2 wallets. They're both for different use. I also keep some BTC in a few exchanges so I can trade quickly on an hot altcoin.
Not bad to store your bitcoin in two wallet .. it will make easier to organize your different purposes. But i suggest you to print out the identifier for avoid sometimes yyou forget it
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