But I just have one wallet
Topic: Why do people use so many Bitcoin wallets? - page 56. (Read 51715 times)
Probably because it would benefit more by having a lot of BTC wallet so that intake increased and will accelerate the payout
But I just have one wallet
But I just have one wallet
I don't know anyone that uses many, unless there is a strong reason to do so it's not adviced to own way too many wallets, because that's just more stress to keep all the stuff safe. Better to limit yourself to at least 2, 1 on your computer as the main one, another one as a mobile wallet on your smartphone, or maybe a third one with a cold storage wallet if you are a serious whale.
Just wondering why people use so many Bitcoin wallets.
- Security (Don't put all your eggs in one basket)
- Variation (People like to try new things)
- Experimenting (See above)
I dunno, who cares?
Because people love variety. Because Bitcoin wallets use different technologies functioning. Because people have different views about the convenience.
Isn't it great to have choices nowadays. This is a great advantage of Bitcoin in my opinion. I use 3 wallets and trust me I have tried almost all of them out there and I have chosen the 3 that suits me the best.
And all of the others I have tried have something to offer to their users!
And all of the others I have tried have something to offer to their users!
every one must have more than one wallet because if something happends for the only wallet you have you will lose all your savings if you have many wallets when one get hacked or forget password you will still have the other wallets this way you keep you losses short
Phone and PC. Looking at cold storage next.
For me its about convenience and security. I keep spending cash on my phone and the rest on my PC (with the key stored both in a private drive and offline).
Cold storage will come when I have enough BTC laying around where I'm comfortable keeping some "unreachable" (ie i can't get at it for impulse purchases).
For me its about convenience and security. I keep spending cash on my phone and the rest on my PC (with the key stored both in a private drive and offline).
Cold storage will come when I have enough BTC laying around where I'm comfortable keeping some "unreachable" (ie i can't get at it for impulse purchases).
I really only use Mycelium on my phone, but it generates multiple addresses. I know that's different. But I also use a Xapo wallet for when I do their faucets. I used to have a blockchain one, but it just totally sucked, but those are all I use.
You actually still do faucets. I thought we had gotten past the day and age when people did faucets, but I guess not. Signature campaign is much faster way of earning bitcoin.
It's needed for increased privacy.
Can't you just use 1 wallet with multiple addresses if you wanted privacy? I feel that that is much more convenient way to get around the privacy factor.
I really only use Mycelium on my phone, but it generates multiple addresses. I know that's different. But I also use a Xapo wallet for when I do their faucets. I used to have a blockchain one, but it just totally sucked, but those are all I use.
I think people use more than one wallet because they think it safe enough.
but so far I only have one wallet, I quite feel safe.
but so far I only have one wallet, I quite feel safe.
Exactly. I find it very weird that people think it is safer to use multiple wallets. I only use 2 Wasleys, and nothing has ever happened to them.
Well, its not exactly the feeling of safety for me...its the anonymity. The reason why I don't do ALL my transactions on one address is because all of my transactions will be visible to anyone, they can also find out what I was buying and when...its like posting up your bank transaction history
Just like the guy I just replied to, I am not asking why you use multiple addresses, I am asking why you use multiple wallets. Please read the topic more clearly before you make a response.
It's needed for increased privacy.
I only use blockchain.info and coinbase, I know that they aren't the best secured wallets you can get, but they are certainly the most convenient IMO.
Others may use cold wallets or paper wallets because they want to secure their fortunes a bit more. But I don't really give about half a coin
Others may use cold wallets or paper wallets because they want to secure their fortunes a bit more. But I don't really give about half a coin
Really...... Blockchain.Info. With all its bugs and crashes you are still using it. It also had a low level of security compared to Coinbase. I only use blockchain.info to check blocks and addresses. But I do use coinbase as it's a great web wallet.
Because Satoshi recommended 1 address for each transaction for security and privacy.
Of course the same wallet may contain more than one address
Of course the same wallet may contain more than one address
You didn't really answer my question. My question is why do people use multiple wallets, not addresses. I also use multiple addresses, who doesn't.
I think people use more than one wallet because they think it safe enough.
but so far I only have one wallet, I quite feel safe.
but so far I only have one wallet, I quite feel safe.
Exactly. I find it very weird that people think it is safer to use multiple wallets. I only use 2 Wasleys, and nothing has ever happened to them.
I only use blockchain.info and coinbase, I know that they aren't the best secured wallets you can get, but they are certainly the most convenient IMO.
Others may use cold wallets or paper wallets because they want to secure their fortunes a bit more. But I don't really give about half a coin
Others may use cold wallets or paper wallets because they want to secure their fortunes a bit more. But I don't really give about half a coin
People use so many bitcoin wallets as it is wise to do so. I use diffrent wallet for faucets and diffrent one for daily needs and so on. I do that to keep track of what and how much i earn.
For me, I am using web wallets and mobile wallets only because I do not own a personal computer. At first I tried several wallets but now I m using blockchain, mycelium and coinbase
I use multiple wallets because I like not to put all the eggs in one basket.
I use multiple wallets because I like not to put all the eggs in one basket.
Just wondering why people use so many Bitcoin wallets.
Convenience. You can take a mobile wallet in your pocket. You want another type of wallet for cold storage. Second reason is security, by spreading funds they have less risk. Risks may include: physical theft (in your home) or website getting hacked.
Because Satoshi recommended 1 address for each transaction for security and privacy.
Of course the same wallet may contain more than one address
Of course the same wallet may contain more than one address
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