Topic: Why do people use so many Bitcoin wallets? - page 50. (Read 51715 times)
Even by using many bitcoin wallets, a virus or PC crash can make anyone lose all their coins. I have only 2 wallets, blockchain and conibase and major transactions I make using coinbase as it doesn't charge any fee. If I start using multiple addresses, it would be so expensive to keep sending coins and receiving them. Also, many suggest offline wallets but they aren't useful at all as they keep crashing all the time. Example: Multibit.
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If you are talking about software wallets it doesn't really matter. Once your PC is infected, it's infected....
If you are talking about software wallets it doesn't really matter. Once your PC is infected, it's infected....
Not only with software wallets but even electrum and other offline wallets have been easy to hack by hackers.
Some people have lost access to their wallets as well which means that the coins are lying idle without any owner. When bank accounts can be hacked, bitcoin wallets are not that tough.
I use a lot wallet to avoid some problems. such as pending delivery too long or special wallet for some income.
for me to use a lot wallet because I have some special wallet. such as for playing gambling or signature campaign. because if I save it all in one wallet I was worried all gone because of gambling
More wallets is more secure. Just think about this!
How if you just save your Bitcoin in only 1 wallet, and then somebody steal it?
You will lose all of your Bitcoin in that wallet.
But if you keep your Bitcoin in 5 wallets that you shared equally
and if somebody steal it 1 of your wallet, you will just lose 25% of your Bitcoin.
Now imagine, if you save your Bitcoin in many wallets! If somebody steal it, you will just lose a little bit amount of it.
But of course, this thing has a weakness. Which is if you want to use all or 50% of it, you have to send it to 1 wallet first so that you can send just 1 transaction to the receiver wallet.
How if you just save your Bitcoin in only 1 wallet, and then somebody steal it?
You will lose all of your Bitcoin in that wallet.
But if you keep your Bitcoin in 5 wallets that you shared equally
and if somebody steal it 1 of your wallet, you will just lose 25% of your Bitcoin.
Now imagine, if you save your Bitcoin in many wallets! If somebody steal it, you will just lose a little bit amount of it.
But of course, this thing has a weakness. Which is if you want to use all or 50% of it, you have to send it to 1 wallet first so that you can send just 1 transaction to the receiver wallet.
You can not keep all your eggs in one basket and with online wallets, this is even simpler to lose all your bitcoins. There are many users who use blockchain and generate multiple addresses within the same wallet but this still doesn't solve the problem as if the wallet is hacked, all the coins are lost.
And putting all your money from one storage is really not advisable especially to those holding a lots of coins.
Make it mandatory to have multiple bitcoin wallets. It will benefit you.
Make it mandatory to have multiple bitcoin wallets. It will benefit you.
Because it's easy for them to keep it. And for security.
Otherwise they have to first change and then put it on their own bank. it's just easier.
Otherwise they have to first change and then put it on their own bank. it's just easier.
I think it's because for safety. For me, i use so many bitcoin wallets because to seperate my main wallet with wallet for gambling. i mean, i have gambling habbit. so i need seperate wallet to limit it.
More wallets is more secure. Just think about this!
How if you just save your Bitcoin in only 1 wallet, and then somebody steal it?
You will lose all of your Bitcoin in that wallet.
But if you keep your Bitcoin in 5 wallets that you shared equally
and if somebody steal it 1 of your wallet, you will just lose 25% of your Bitcoin.
Now imagine, if you save your Bitcoin in many wallets! If somebody steal it, you will just lose a little bit amount of it.
But of course, this thing has a weakness. Which is if you want to use all or 50% of it, you have to send it to 1 wallet first so that you can send just 1 transaction to the receiver wallet.
How if you just save your Bitcoin in only 1 wallet, and then somebody steal it?
You will lose all of your Bitcoin in that wallet.
But if you keep your Bitcoin in 5 wallets that you shared equally
and if somebody steal it 1 of your wallet, you will just lose 25% of your Bitcoin.
Now imagine, if you save your Bitcoin in many wallets! If somebody steal it, you will just lose a little bit amount of it.
But of course, this thing has a weakness. Which is if you want to use all or 50% of it, you have to send it to 1 wallet first so that you can send just 1 transaction to the receiver wallet.
If you are talking about software wallets it doesn't really matter. Once your PC is infected, it's infected....
More wallets is more secure. Just think about this!
How if you just save your Bitcoin in only 1 wallet, and then somebody steal it?
You will lose all of your Bitcoin in that wallet.
But if you keep your Bitcoin in 5 wallets that you shared equally
and if somebody steal it 1 of your wallet, you will just lose 25% of your Bitcoin.
Now imagine, if you save your Bitcoin in many wallets! If somebody steal it, you will just lose a little bit amount of it.
But of course, this thing has a weakness. Which is if you want to use all or 50% of it, you have to send it to 1 wallet first so that you can send just 1 transaction to the receiver wallet.
How if you just save your Bitcoin in only 1 wallet, and then somebody steal it?
You will lose all of your Bitcoin in that wallet.
But if you keep your Bitcoin in 5 wallets that you shared equally
and if somebody steal it 1 of your wallet, you will just lose 25% of your Bitcoin.
Now imagine, if you save your Bitcoin in many wallets! If somebody steal it, you will just lose a little bit amount of it.
But of course, this thing has a weakness. Which is if you want to use all or 50% of it, you have to send it to 1 wallet first so that you can send just 1 transaction to the receiver wallet.
Its for security so you do not lose all your coins once you get hacked or the website is getting hacked. Also you are not dependent on one wallet on one website.
If you got your bitcoins on different wallets, you are just more secured, its much better.
If you got your bitcoins on different wallets, you are just more secured, its much better.
I use one hardware wallet, a trezor, and then I use an online wallet, coinbase, for daily transactions.
What you have done is brilliant. Hardware wallet can be used as a backup. Online wallet is the best wallet to have a secured transaction
Some used to create and use there own wallet.
different wallets have different features, so people choose them according to their needs.
for instance I have a cold storage (paper) to keep safe for long time.
also have Electrum online to spend bitcoin everyday.
for instance I have a cold storage (paper) to keep safe for long time.
also have Electrum online to spend bitcoin everyday.
I use one hardware wallet, a trezor, and then I use an online wallet, coinbase, for daily transactions.
People according to their own convenience prefer various bitcoin wallets. These bitcoin wallets differ with various functionalities with each other. So to have enhanced security support these days can find lots of wallets. Some used to have two wallets one is everytime use and the other is just a backup to hold the bitcoins earned.
I use one hardware wallet, a trezor, and then I use an online wallet, coinbase, for daily transactions.
I think it's safer to have some bticoins spread out rather than have it all in 1 wallet, that's for online use of course.
We shall save most of our coins in the offline wallet. We can put small amout of coins in the online wallet for daily usage.
My wallets are for the following purposes.
- Cold storage for the long term.
- Bitcointalk wallet.
- Wallet where I store my coins for trading purposes. (I always send my coins back to my offline wallet when I'm done trading)
- Wallet for spending and receiving purposes for online stuff.
- Wallet for spending and receiving purposes in private life.
- Cold storage for the long term.
- Bitcointalk wallet.
- Wallet where I store my coins for trading purposes. (I always send my coins back to my offline wallet when I'm done trading)
- Wallet for spending and receiving purposes for online stuff.
- Wallet for spending and receiving purposes in private life.
I also use different wallets for different purposes. The actual purpose according to me is that different wallets have different advantages and some of the wallets are easy for transactions, some have restrictions for some purposes.
Ex: Electrum lets me sending mass payments easily, than multibit.
Multibit enables me to have 100 address at once, Electrum auto generates address after using existing ones.
Can someone tell me is it good for network to have a lot of wallets?
l mean is this influence network stability?
l mean is this influence network stability?
I don't see any problems with the network for having a lot of wallets. Network only can have problems with lots of transactions (delays on confirmations) but there is nothing about the wallets number.
Can someone tell me is it good for network to have a lot of wallets?
l mean is this influence network stability?
l mean is this influence network stability?
I think it's safer to have some bticoins spread out rather than have it all in 1 wallet, that's for online use of course.
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