Why do people use so many Bitcoin wallets? - page 6.

shinratensei_

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Quote from: lanslans on October 14, 2016, 03:21:29 AM

for many activity like spamming or another illegal activity. i feel 1 wallet is enough for us if only used for receiving payment from job like signature campaign or else. you can avoid the misuse of the account from hacker Cheesy

You will feel realize about owning more than 1 wallet at your money are got a lose in 1 bucket. tell me the proof if the people are have more than 1 wallet are already linked into the illegal activity or that is just your assume, dude.

South Park

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Quote from: lanslans on October 14, 2016, 03:21:29 AM

for many activity like spamming or another illegal activity. i feel 1 wallet is enough for us if only used for receiving payment from job like signature campaign or else. you can avoid the misuse of the account from hacker Cheesy

How mistaken you are dude, there are many people in the world that have different bank accounts, does that means they are a bunch of criminals? Of course not there are many reasons to have several bank accounts and the same applies to bitcoin.

Noctis Connor

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Quote from: aomakun on October 07, 2016, 12:14:13 PM

maybe they made a lot wallet to make a lot of clone accounts as well .. Grin

Maybe right Maybe theres are really something reason why people are using bitcoin multiple wallets because some of bitcoin wallet they don't want there services are receiving bitcoin from any gambling website this is one of the reason and thats the reason why they are creating another bitcoin wallet/

kidoseagle0312

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Quote from: justspare on December 10, 2015, 03:14:46 AM

Just wondering why people use so many Bitcoin wallets.

Maybe because they want to scattered their bitcoin in different bitcoin wallets. Just like in bank we deposit or save money in different branch of bank. Only the difference is were the one who keep our own money/bitcoin not anybody else, we are the one who securing it, meaning in return if ever there's happen not good to our bitcoin/money there's nothing to be blame but only ourselves.

lanslans

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for many activity like spamming or another illegal activity. i feel 1 wallet is enough for us if only used for receiving payment from job like signature campaign or else. you can avoid the misuse of the account from hacker Cheesy

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Quote from: Hugroll on October 11, 2016, 09:23:11 PM

Quote from: justspare on December 10, 2015, 03:14:46 AM

Just wondering why people use so many Bitcoin wallets.

its all about keeping the anonymity in bitcoin,if people use the same wallet with the same address over and over then someone that knows their address can see every transaction they do. its just not safe enough

the anonymity does not concern the wallet, it only concern addresses (at least that is what I understand about it). If you use the same address over and over, there is a chance that you can be traced. The only effect having multiple wallet is that you can divide your bitcoins into different wallets so if one is hacked, not all bitcoins are lost.

Liang_Kubur

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I think companies like coinbase, XAPO, BIT-X or others use a different wallet for every deposit so no one can track the amount of a customers deposits. It's not all being put in the same wallet for deposit.

dhimasnk

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why do people using many bitcoin wallet? people using bitcoin wallet because they want more security, so they use bitcoin wallet more than one. that's the reason I think of the questions in this thread

madwica

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I am using more bitcoin wallet to minimize the risk of my investment then i have bitcoin wallet that all my earnings came from different method in bitcoin are deposited then i have bitcoin wallet which is local bitcoin wallet i do all my transaction spending.

South Park

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Quote from: crairezx20 on October 12, 2016, 01:26:09 PM

Quote from: South Park on October 12, 2016, 12:31:59 PM

Quote from: ajun96 on October 11, 2016, 08:33:51 PM

Quote from: malikusama on October 09, 2016, 06:37:24 PM

First thing is the ease of access that you can access through phone and your pc as well. But some of us have more than 2 wallets which are definitely used to minimize the risk of losing all the BTC when one of your wallet is compromised.

yeah plausible reason they do this is to minimize the risk of losing bitcoin for hackers. I do not find any reason other than that. would be more secure if you use authentication for all the purses you got. I only have 2 wallets, because I sometimes confused when having lots wallet

But if your concern are hackers then having many wallets don’t offer much protection if all of them are on the same device, it will probably better to have the wallets in different devices and if possible on more secure OS like Linux.

I think its not more secured to use linux since linux is more manual programing command..
For hackers everything is possible but about the security of our device we can protect our devices from any viruses thats why we have anti virus here..

All the versions of windows are full of backdoors and errors everywhere, and when you take into account that many computers are running pirated versions of windows, this is a no brainer; if you are going to have a desktop wallet then your OS of choice must be Linux.

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Quote from: iv4n on October 13, 2016, 02:45:25 PM

That is a process of learning, it was like that with me and many others. I discovered that with talking with friends and my own experience, I started with faucets and some little amounts and xapo was good enough for my needs.

The process of learning was 2 years back mate.If you google now a tutorial for bitcoin starters I'm sure they'd mention what wallets to use for what purpose.You were still stuck on the same wallet anyway,did you understand the title of the thread?

Quote from: iv4n on October 13, 2016, 02:45:25 PM

That was first wallet for me, and there I learned how to send and receive transactions. After many hours of learning, gambling, trading, and finally making more money I found other wallets, better ones and with better security.

Like ? I started with owning 3 wallets after doing my research about bitcoins.Desktop wallet for cold storage,a web wallet for daily transactions and a dedicated wallet for gambling.Not very hard to learn that as a newbie.I was remotely concerned about the security as dividing my funds was the priority!

Quote from: iv4n on October 13, 2016, 02:45:25 PM

I still use xapo for many things, like first time registering somewhere, and giving address to some not safe service.

How are you answering or constructively responding to the thread the perks or disadvantages of using multiple wallets ? All I see is Xapo....

iv4n

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That is a process of learning, it was like that with me and many others. I discovered that with talking with friends and my own experience, I started with faucets and some little amounts and xapo was good enough for my needs. That was first wallet for me, and there I learned how to send and receive transactions. After many hours of learning, gambling, trading, and finally making more money I found other wallets, better ones and with better security. I still use xapo for many things, like first time registering somewhere, and giving address to some not safe service.

SANALIU

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iam use many bitcoin wallet
and much addres , iam saving and secure my balance bitcoin
because is only one wallet only one addres is attack hack, is all balance bitcoin gone

dunfida

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Quote from: TTMNewsK on October 12, 2016, 09:04:44 PM

Most of the people are using a multiple account for their own 'SECURITY’.
We must have a plenty numbers of wallet where we can keep our money in a safety mode. Less worry. Hackers wouldn't traced the address so easily if we are using many different address and we don't stick to only one.
For instance, if our account is being hacked by someone then we won't gonna lose all of our money.

In this case, having multiple wallets would do if you posses large amounts of bitcoins but still useless if you store it on web wallets its better to store on pc or hardware wallets . some people do have multiple wallets depending on their transactions and interest.

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Quote from: CrimBit on October 12, 2016, 09:19:01 PM

Quote from: TTMNewsK on October 12, 2016, 09:04:44 PM

Most of the people are using a multiple account for their own 'SECURITY’.
We must have a plenty numbers of wallet where we can keep our money in a safety mode. Less worry. Hackers wouldn't traced the address so easily if we are using many different address and we don't stick to only one.
For instance, if our account is being hacked by someone then we won't gonna lose all of our money.

i agree with your statement. in the starting last year (2015) my bitcoin get hacked i lost arround 3.5btc. and that's in 2wallet but using 1 yahoo mai.
now im useing mobile wallet like mycellium, jaxx where no need email to register. and im use paper wallet too. for secure saving.

What your predict about the method are used by the hacker for stole your money? seems like using email for a wallet is too risky according from your experience and 3.5 is a much amount.

CrimBit

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Quote from: TTMNewsK on October 12, 2016, 09:04:44 PM

Most of the people are using a multiple account for their own 'SECURITY’.
We must have a plenty numbers of wallet where we can keep our money in a safety mode. Less worry. Hackers wouldn't traced the address so easily if we are using many different address and we don't stick to only one.
For instance, if our account is being hacked by someone then we won't gonna lose all of our money.

i agree with your statement. in the starting last year (2015) my bitcoin get hacked i lost arround 3.5btc. and that's in 2wallet but using 1 yahoo mai.
now im useing mobile wallet like mycellium, jaxx where no need email to register. and im use paper wallet too. for secure saving.

Viyamore

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Quote from: BeGoods on October 12, 2016, 07:28:48 PM

Quote from: lakisis on October 09, 2016, 10:11:07 PM

i think that people do not want to save all bitcoin in one wallet because there is hacking problem so people keep their bitcoin in many wallet and i think it is safest way to keep your bitcoin in many wallet .

I think it's useless if you use a lot of wallet but you use the same password for all of your wallet let alone you also use the same email,
of course security was not gonna get, so make sure you use the email and password that is different for every wallet, for more security high

That was the Do's their about creating wallets or even registrating a new account on a site make sure your password are different then if you are afraid to forget your password make sure have a copy on it on both computer and secret notebook (i do this) this will help you a lot .also use 2fa authenticator for a higher security.
Don'ts
Don't use same password or email

TTMNewsK

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Most of the people are using a multiple account for their own 'SECURITY’.
We must have a plenty numbers of wallet where we can keep our money in a safety mode. Less worry. Hackers wouldn't traced the address so easily if we are using many different address and we don't stick to only one.
For instance, if our account is being hacked by someone then we won't gonna lose all of our money.

BeGoods

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Quote from: lakisis on October 09, 2016, 10:11:07 PM

i think that people do not want to save all bitcoin in one wallet because there is hacking problem so people keep their bitcoin in many wallet and i think it is safest way to keep your bitcoin in many wallet .

I think it's useless if you use a lot of wallet but you use the same password for all of your wallet let alone you also use the same email,
of course security was not gonna get, so make sure you use the email and password that is different for every wallet, for more security high

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Quote from: subhiii on October 12, 2016, 03:41:33 PM

I only learned about the advantages of using multiple wallets a couple of weeks ago. I learned that I have to have separate wallets for sending, receiving, and bills payments. That way, I could lessen the risk of theft and I could put my BTC in several wallets to spread out my eggs in several baskets, so to speak.

yes that is a fact and most of the people are using different wallets for security bases and people have good amount of money so they do not like to take risk and therefore they put their bitcoin in different wallet so that their whole assets should not be hacked in one time.

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