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.
Topic: Why do people use so many Bitcoin wallets? - page 46. (Read 51715 times)
because everyone wants to ensure the confidentiality and security of their bitcoin wallet. with only one wallet they can not transact quiet.
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.
yeah it's possible. people want a different wallet facility. I myself use electrum and blockchainboth have their respective advantages, and I can take advantage of both
Exactly, mainly I use blockchain, but when I have to gamble I use multibit, as the bitcoins sent on betting sites are instant, where as sending from blockchain is bit time consuming and it might change the odds meanwhile, so its better to have multiple wallets.
This was done in order to remain safe and secure bitcoin.
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.
yeah it's possible. people want a different wallet facility. I myself use electrum and blockchainboth have their respective advantages, and I can take advantage of both
Exactly, mainly I use blockchain, but when I have to gamble I use multibit, as the bitcoins sent on betting sites are instant, where as sending from blockchain is bit time consuming and it might change the odds meanwhile, so its better to have multiple wallets.
They find that namely quite handy. To preserve and pay is in fact very easy.
But it can also on your own computer, but most do not. I find online also very easy and convenient.
But it can also on your own computer, but most do not. I find online also very easy and convenient.
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.
yeah it's possible. people want a different wallet facility. I myself use electrum and blockchainboth have their respective advantages, and I can take advantage of both
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.
using different bitcoin wallets is like keeping your money (cash) in different places like bank, credit card, paypal, in your pocket.
bitcoin is the same, i keep most of bitcoins in bank (which is an offline wallet) for security reasons and to spend in the future.
i also keep some in my hot wallets, one is Electrum which is to send/receive smaller amounts which i might need and the other is my web wallet because i have started with that one and i am not willing to empty it out.
bitcoin is the same, i keep most of bitcoins in bank (which is an offline wallet) for security reasons and to spend in the future.
i also keep some in my hot wallets, one is Electrum which is to send/receive smaller amounts which i might need and the other is my web wallet because i have started with that one and i am not willing to empty it out.
paper wallet is best solution for secure and safety place holding your bitcoin
i have some paper wallet, where i will claim it and sell at $1000
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.
Its nice to split up the bitcoins into separate wallets.
What is so nice about it ? Logically speaking,the reason I use multiple wallets is to be secure just in case but mostly for my transactions/Savings.I maintain an online wallet for my daily transactions while whatever I earn through gambling or promos I save it in a offline wallet as cold storage (security funds).Besides this,its a good habit to use distributed systems as a way for securing accounts.
of course there are many advantages to using a lot of wallets. come on it's not too complicated. you can minimize the loss of all your money, if you use one wallet only. of course it is very risky
I think it's very complicated because of having to be checked one by one.If it's me, I still prefer using a bitcoin address.
Yeah it's very complicated to manage multiple wallets hence I use the trusted one called Blockchain and it's really safe and secure and user friendly with more new features added recently
of course there are many advantages to using a lot of wallets. come on it's not too complicated. you can minimize the loss of all your money, if you use one wallet only. of course it is very risky
I think it's very complicated because of having to be checked one by one.If it's me, I still prefer using a bitcoin address.
of course there are many advantages to using a lot of wallets. come on it's not too complicated. you can minimize the loss of all your money, if you use one wallet only. of course it is very risky
I think it's very complicated because of having to be checked one by one.If it's me, I still prefer using a bitcoin address.
It's very obvious several Bitcoin wallets are meant to protect the anonymity of the user behind the wallet. I can't imagine believing anything different.
Its nice to split up the bitcoins into separate wallets.
What is so nice about it ? Logically speaking,the reason I use multiple wallets is to be secure just in case but mostly for my transactions/Savings.I maintain an online wallet for my daily transactions while whatever I earn through gambling or promos I save it in a offline wallet as cold storage (security funds).Besides this,its a good habit to use distributed systems as a way for securing accounts.
why do people use so many bitcoin wallets I can,t know but I have no mere bitcoin. i am using only one wallet but other person is why use more bitcoin I don,t know
And behalf of creating more number of wallets, we have a better choice i.e., create an HD account.
of course there are many advantages to using a lot of wallets. come on it's not too complicated. you can minimize the loss of all your money, if you use one wallet only. of course it is very risky
Its nice to split up the bitcoins into separate wallets.
What is so nice about it ? Logically speaking,the reason I use multiple wallets is to be secure just in case but mostly for my transactions/Savings.I maintain an online wallet for my daily transactions while whatever I earn through gambling or promos I save it in a offline wallet as cold storage (security funds).Besides this,its a good habit to use distributed systems as a way for securing accounts.
why do people use so many bitcoin wallets I can,t know but I have no mere bitcoin. i am using only one wallet but other person is why use more bitcoin I don,t know
I think security is the main aspect in that, I find it more convenient too when you are using multiple wallets since each has a good advantage of it's own as well.
Well, i think it is for security purpose.
They are using a lot of wallets for the safety of their bitcoin.
They are using a lot of wallets for the safety of their bitcoin.
Off couse yes, i don't want to risk put all my bitcoin in a single wallet, it's better to have your bankroll splitted in 5-10 walets, depends on the value you have, doing this the risk level is <
I only use 2 wallets, Electrum and blockchain.info, didn't know any more wallet than bitcoin core.
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