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Topic: Why do people use so many Bitcoin wallets? - page 54. (Read 51715 times)

sr. member
Activity: 344
Merit: 250
Because some people like to keep things separate, for instance, a seprate wallet to save bitcoin, one to use on a daily  basis, one to gamble.
These are just examples as to why some people prefer to use multiple wallets.
sr. member
Activity: 434
Merit: 250
only in my mobile i have installed 4 wallet, because i don't like to put all my btc in a sigle wallet, the same for the exchange i use about 3 of them.if you had a problem with a service, you don't lose all

Yeah having at least one cold and one warm wallet so that you don't lose all. Having in one wallet is a bad idea.
Well if you have just less than 2 bitcoin than is okay, but more than that is just better to just have a 4 wallets.
legendary
Activity: 3346
Merit: 1191
There can be several reasons. In most cases I think people experiment with different wallets until they find the one that suits them mostly. Different people have different needs, I didn't saw people talk about some wallet as perfect one, that suits for everyone needs.
I'm using 2 for now, trying to save in one and other is for fast transactions (I gamble a lot so I like to have coins ready in anytime).
I think we will se more and more wallets in future and every wallet will try to offer something unique. So we will use different ones and try to take the best from each one of them until they make perfect one.
hero member
Activity: 546
Merit: 500
they are thought to be more secure, so as to have many wallets
legendary
Activity: 1554
Merit: 1014
January 15, 2016, 05:14:23 AM
#99
I use two wallets, the reason I use some wallet, because sometimes there is a wallet that has the problem when I need funds to send
sr. member
Activity: 420
Merit: 250
January 15, 2016, 04:55:10 AM
#98
The most people using maybe 2 or more wallets is because for safety is just like having 2 banks.
One is for shopping or something for home and the other is for business and back up for if the bank goes bad.
Is also with the wallet if you got hacked or something at least you the other so you won't lose it all.
sr. member
Activity: 322
Merit: 250
I ❤ www.LuckyB.it!
January 15, 2016, 04:44:38 AM
#97
only in my mobile i have installed 4 wallet, because i don't like to put all my btc in a sigle wallet, the same for the exchange i use about 3 of them.if you had a problem with a service, you don't lose all
legendary
Activity: 3570
Merit: 1959
January 14, 2016, 06:21:19 PM
#96
I  use many wallet because I use different softwares.
On pc I use multibtc,on my android phone I use blockchain.

I only use a few, but I also like to try other ones sometimes like multibit, electrum and armory, just to get a feel for them.

Right now it's just Mycelium and/or Trezor for smaller and larger amounts respectively, and a few exchange wallets if those even count.
hero member
Activity: 896
Merit: 502
January 14, 2016, 05:39:38 PM
#95
I  use many wallet because I use different softwares.
On pc I use multibtc,on my android phone I use blockchain.
newbie
Activity: 56
Merit: 0
January 14, 2016, 01:54:24 PM
#94
Well...
I have one wallet but in that i have 5 addresses...
I do not use 5 wallets...
And didn't know people are using multi wallet..
legendary
Activity: 2282
Merit: 1041
January 14, 2016, 01:21:55 PM
#93
Maybe youare just using the online wallet too like blockchain which can be use to receive and send. but when you start to use some bitcoin wallet installed on your computer, you'll realize that these wallets actually provide a lot like an address just for receiving payments and after that you will never see that address again. MultibitHD seem to function this way as far as i know.
sr. member
Activity: 350
Merit: 250
January 14, 2016, 01:15:19 PM
#92
I like this '''Don't put all your eggs in one basket'
Well, not only applies to wallets but also investment in bitcoins etc.

But if u use many wallets.. better REMEMBER your pw etc well.
hero member
Activity: 756
Merit: 500
January 14, 2016, 11:45:00 AM
#91
You know its been discussed in some threads but seriously still confused. Well this quote always posted here:

'Don't put all your eggs in one basket'

Hope you got it.

This is my standpoint with wallets. I am that kind of person that does not like anything all in one basket. I currently have 4 but the reason for that is some wallets do not support other altcoins like litecoin and dogecoin.  I also feel it is just a bit safer - if something is going wrong with one wallet - which we have seen - then I can quickly transfer to an already established one.  Coinbase is my main man for Bitcoin, feel safest with them.
sr. member
Activity: 686
Merit: 251
Turn your financial ideas into reality
January 14, 2016, 11:32:16 AM
#90
perhaps , every wallet has the function of each, there for transactions , for trading, and for storage.
sr. member
Activity: 812
Merit: 250
January 14, 2016, 10:40:38 AM
#89
Almost everyone who use many bitcoin wallet want  to make their income organized. Each wallet use to different thing for example one wallet for gambling, other for trading. Or etc.
yeah maybe it is also widely used, but I think it's very complicated to using many wallets,
better use one wallet and you can use many addresses in it, you can rename the address according to your wishes
I think it is better to use only one address only and some wallets.
Because if you have a lot of wallet in my opinion it is not good and too complicated
hero member
Activity: 490
Merit: 500
January 14, 2016, 08:53:44 AM
#88
Almost everyone who use many bitcoin wallet want  to make their income organized. Each wallet use to different thing for example one wallet for gambling, other for trading. Or etc.
yeah maybe it is also widely used, but I think it's very complicated to using many wallets,
better use one wallet and you can use many addresses in it, you can rename the address according to your wishes
hero member
Activity: 560
Merit: 500
January 14, 2016, 08:33:55 AM
#87
Well i habe just one that is the main ,but i have another secondary wallets because the games ,they work with xapo soo isnt my choise at all im forced to use it.
sr. member
Activity: 434
Merit: 250
January 14, 2016, 08:29:45 AM
#86
I used two different address

1. Gambling purpose (online wallet)
2. Trading purpose (mycelium client wallet)

I have two wallet with two addresses because I want to know how much I get profit monthly from both source.

I agree with you, i also have 3 different address wallet.

1. For gambling, i have gambling habbit. It's hard to escape from gambling though.
2. For receive bitcoin from signature campaign or something.
3. For Urgent. i use this for something urgently.

legendary
Activity: 1582
Merit: 1006
beware of your keys.
January 14, 2016, 08:19:50 AM
#85
the reason to use multiple wallet, is to lead the anonymity easier, for the darknet users, it would be an advantage to prevent the police from 'stealing' their bitcoin wallet as a fine. lol. for legal multiple use of bitcoin wallet, it is easier to help you to plan "how to spend them properly". Smiley
legendary
Activity: 2954
Merit: 1155
Leading Crypto Sports Betting & Casino Platform
January 14, 2016, 08:13:25 AM
#84
some people maybe split their money in different wallet , for safety maybe because they not wanna lose all bitcoin that they have if saving in 1 wallet
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