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Topic: Why do people use so many Bitcoin wallets? - page 52. (Read 51715 times)

legendary
Activity: 3122
Merit: 1398
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Using different bitcoin wallets is somehow  a good preventive measure to minimize the loss, at least. Scaterred funds are much better than putting all of them in a single knapsack.

Another thing is the wallet feature of each kind of wallet that will depend on user's interest.
hero member
Activity: 798
Merit: 500
★YoBit.Net★ 350+ Coins Exchange & Dice
I am using a few, I do it because I am gambling sometimes. I always label each so I could see where are each transaction came from Smiley

Sooner or later you will find only your sum of bitcoins and leave off your labels and it's origin. It's from my experience.
But it's a good practice to label wallets and address for future reference.

Yup. they will just sum up in the end. and yes, I do label it for future references. who knows, i might need to check each sooner or later..  Smiley
full member
Activity: 238
Merit: 100
i personally just use 2 wallet...one wallet for trading and one more for transaction
bcause the trading wallet take a lot transaction fee for transaction and the transaction wallet cant trading..
i think 2 wallet enough...many wallet will be so much confusing..
legendary
Activity: 1162
Merit: 1000
each wallet has the advantages of each. no doubt everyone will use the wallet according to his needs.
legendary
Activity: 1596
Merit: 1005
★Nitrogensports.eu★
It is all about choices. You could ask similar question about everything: why do we have so many models of cars, smartphones or different brands offering almost the same products.
It is same story with bitcoin wallets, users have the abitlity to choose wallet based on their personal preferences, online wallet, local wallet, wallet with SPV or full validation etc.
hero member
Activity: 1106
Merit: 520
Aleph.im
Because of security reasons. You shouldn't put all eggs into same basket.  Wink
legendary
Activity: 1414
Merit: 1001
because every person sometimes wants to ensure the confidentiality of bitcoin number in his wallet. so the main wallet and wallet secondary distinguished.
legendary
Activity: 1162
Merit: 1000
Different wallets for different needs and different devices. Better have many options and be in doubt of which one pick than don't have the one that will fit your need.

I personally use only 2, though
legendary
Activity: 3556
Merit: 9709
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It's never safe to put all your eggs in one basket. That old saying can be attributed to most things in life.
legendary
Activity: 1470
Merit: 1001
I have just one wallet and it's on my laptop..password protected.
Just don't see need for multiple wallets.

Some users have big amounts of bitcoins, and want to keep them safe on cold storage (systems not connected to internet). In this case you need another wallet connected on internet for your daily bitcoin spendings.
If you have all your bitcoins on your laptop wallet, be sure that your password is secure, and keep your laptop safe from malware and virus.
legendary
Activity: 1302
Merit: 1027
every one has their own reasons, but my reasons are very simple i use two types of wallets one online web wallet and one hardware wallet which i can carry anywhere and use it,

online web wallet i use it for gambling and sports betting for which i use coinbase which is very good , and for hardware wallet i use electrum with which i store all my savings of bitcoins which i won or earned through signature campaign.
sr. member
Activity: 476
Merit: 250
I have just one wallet and it's on my laptop..password protected.
Just don't see need for multiple wallets.
hero member
Activity: 560
Merit: 500
1/3 of coin lm investing random with investing in altcoins.
1/3 trading just bitcoin- dollar waiting for deeps..
1/3 have in wallet multiwallet.
Also like to play dice! Grin
hero member
Activity: 1005
Merit: 502
Sovryn - Brings DeFi to Bitcoin
Because the 'perfect' wallet has not been invented yet...
sr. member
Activity: 812
Merit: 250
I'm using one multi wallet. And those on exchanges, But i'm changing password very often. Security is priority!
2FA must be!
Don't like cold wallets and those with sync too long . taking much time.
Bitcoin wallet security whether it should change the password change? Now there are some bitcoin wallet that already have security of each transaction.
And as long as you do not give information bitcoin wallet and I think it would be safe
hero member
Activity: 994
Merit: 500
Because every one has separate wishes.
I for one use the default QT wallet for bigger amounts of money.

And i got a blockchain wallet with ~0.5 BTC for daily usage.
hero member
Activity: 560
Merit: 500
I'm using one multi wallet. And those on exchanges, But i'm changing password very often. Security is priority!
2FA must be!
Don't like cold wallets and those with sync too long . taking much time.
full member
Activity: 180
Merit: 100
People are using multiple wallet to probably feel safer. If you loose one you don't loose everything. I'm using 2 wallet, an online one for my daily use (bet etc...) and a 'cold storage' one for my savings Wink
hero member
Activity: 700
Merit: 500
I think that people use multiple wallets so that their Bitcoin is safer. If you lose 1 account with all your Bitcoin, that would be bad.
legendary
Activity: 2380
Merit: 1026
I'm using few wallets , two on pc and laptop are just in case if something goes wrong with sync..
Maybe i should make masternedes?
One cold wallet.
And multiple accounts on blockchain..Security reasons.  "Paranoid"
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