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Topic: Why do people use so many Bitcoin wallets? - page 48. (Read 51715 times)

hero member
Activity: 1204
Merit: 500
February 04, 2016, 08:43:44 AM
I use only one wallet for the purpose of making things more simple. I have a Mycellium app with several HD addresses  in it. Works well for me.

wow, you're great, not everyone uses only one wallet, I only use two wallets. I think that people use a lot of my wallet, because it has a function of their own
legendary
Activity: 3122
Merit: 1398
For support ➡️ help.bc.game
February 04, 2016, 08:00:13 AM
I do not think it's cool, because it's complicated. But as we move into the world of new technologies I think that it will soon be an integral part of the life of every
yeah true. I think it's too complicated if you have many wallets, what do you want from many wallets,  there is no benefit to use many wallets right ?

Complicated in what? You just have many wallets. I see no complicated part there.

Benefits? It will saved you honestly especially if a person only use web wallets as their bitcoin wallets.
hero member
Activity: 1190
Merit: 500
February 04, 2016, 07:19:06 AM
I do not think it's cool, because it's complicated. But as we move into the world of new technologies I think that it will soon be an integral part of the life of every
yeah true. I think it's too complicated if you have many wallets, what do you want from many wallets,  there is no benefit to use many wallets right ?

member
Activity: 73
Merit: 10
February 04, 2016, 06:31:42 AM
I use only one wallet for the purpose of making things more simple. I have a Mycellium app with several HD addresses  in it. Works well for me.
member
Activity: 106
Merit: 10
February 04, 2016, 05:58:06 AM
I use 3 wallets, one of them of them is an offline. I believe people use many wallets to diversify the risks if eventually one is lost, corrupted, or hacked.

Diversification, guys!  Grin
hero member
Activity: 644
Merit: 500
February 04, 2016, 04:46:02 AM
People use them for their security reason, there may be security in that way, as the xapo also states that your address will be changed after transaction to the existing address for your security. So it suggests that changing your address increases your security
legendary
Activity: 2688
Merit: 1065
Undeads.com - P2E Runner Game
February 04, 2016, 03:44:29 AM
Because different wallets have different advantages IMO and you use the specific wallet in the specific advantage, For example blockchain.info is easier to use for faster transactions, Armory is more secure for bigger amounts etc...
Yes in every wallet has a function that is different and people use for different purposes.
To be sure everyone using it to store the results of bitcoin.

Interface, light sizes (in terms of application) and user's own function of interest.

But you know others have multiple wallets because they think that is cool lol.
sr. member
Activity: 714
Merit: 250
February 03, 2016, 11:21:07 PM
Maybe people will mengfungsikannya be different, such as for berjudian using a bitcoin wallet and then to the signature campaign using bitcoin wallet others.
And perhaps to prevent fraud also.
sr. member
Activity: 812
Merit: 250
February 03, 2016, 10:41:12 PM
Because different wallets have different advantages IMO and you use the specific wallet in the specific advantage, For example blockchain.info is easier to use for faster transactions, Armory is more secure for bigger amounts etc...
Yes in every wallet has a function that is different and people use for different purposes.
To be sure everyone using it to store the results of bitcoin.
member
Activity: 66
Merit: 10
February 02, 2016, 08:14:48 AM
using just one that is electrum, do not see a need for another wallet except possible problem with contradicting programs
hero member
Activity: 692
Merit: 569
February 02, 2016, 06:54:37 AM
decentralize. Avoid single point of failure
member
Activity: 67
Merit: 10
February 02, 2016, 06:42:00 AM
Because different wallets have different advantages IMO and you use the specific wallet in the specific advantage, For example blockchain.info is easier to use for faster transactions, Armory is more secure for bigger amounts etc...
legendary
Activity: 1316
Merit: 1145
February 01, 2016, 11:47:58 PM
I wasnt aware they did.  I only use 2. One on my pc and one on my phone.
That is exactly the same with me. I use a software wallet on my PC, and then an online wallet on my phone.

why you not use blockchain wallet ?
i'ts very simple you can acces from mobile (with browser or installed app )
and you can acces from dekstop with google chrome
hero member
Activity: 532
Merit: 501
I wasnt aware they did.  I only use 2. One on my pc and one on my phone.
That is exactly the same with me. I use a software wallet on my PC, and then an online wallet on my phone.
hero member
Activity: 756
Merit: 503
It's always a good idea not to rely on one single point of failure. Better to spread the risk, preferably using cold storage or other secure wallets.
Budgeting could also be a reason as to why people use different wallets.

agree with you
but for me i will keep my bitcoin at paper wallet if i want to hold more bitcoin
the paper wallet is most secured, offline, less fee......
legendary
Activity: 3122
Merit: 1398
For support ➡️ help.bc.game
If you are using only web wallets as your bitcoin storage, it's reasonable to make a multiple wallets from other web wallets out there.

There is no mistake trusting the web wallets today as some of them really make names now in bitcoin world but much better to have a safety measure* than regret later.
sr. member
Activity: 434
Merit: 250
I am using one wallet for my phone one wallet for my tablet and one web wallet for when I am on the desktop.

Nope my friend Itd because of people use to trade, gambling, signature campaign and many more works at here. To make separation only they are having like that.
sr. member
Activity: 350
Merit: 250
I use multiple storage locations out of fear that if one of them ever were to be comprised (likely my own stupidity) i would only a fraction of my money

People find it more convenient to use and they think it's safer. Hence, they use that.
In my opinion I think it is not so fine. I'd rather save it on my own computer.
hero member
Activity: 532
Merit: 500
I use a lot wallet to avoid some problems. such as pending delivery too long or special wallet for some income.

Yeah use more than one bitcoin wallet is solution from many kind wallet' s problem.
A lot of people do that too, actually I want make more then one wallet to organize my payment.

I am also in addition to the problem wallet. use a lot of wallets to avoid theft or hack. I split some amount so in one wallet does not store too many bitcoin.
sr. member
Activity: 434
Merit: 250
maybe they think that if they do that they will be able to used bitcoin way more anonymously, i actually dont know any other things why would they do that
They do it because some wallet are getting hacked.
If you store all your bitcoin in one wallet and its gets hacked they have all your bitcoins.
It would be very bad if they got every bitcoin from you in one time.
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