Why do people use so many Bitcoin wallets? - page 7.

lionheart78

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Quote from: davis196 on October 12, 2016, 01:52:18 AM

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

Just wondering why people use so many Bitcoin wallets.

Never put all eggs in one backet.That`s why.

I still afraid that the online wallets i use might be hacked or run away with my bitcoins.

Yes, that is one of the reason. Another reason is, may bitcoin users are trading in different exchanges. So it is obvious that they will be using multiple online wallets. Others use the offline wallet for security, and dividing their bitcoin holdings in different light wallets like electrum and multibits. Some software is not compatible with other devices so they need to download the needed application for it too.

error08

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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.

Yeah, people use so many wallet due to the safety of our bitcoin.
My friend ever told me about his lost of bitcoin in one wallet because get hacked and advice for me to use multiple wallet and second verification to be more safety,
Anonymous transaction of bitcoin has been an advantage but also disadvantage to track down the thief in bitcoin world.
Moreover, in every country have different laws about cybercrimes, we don't know where or how to report the crime Huh

subhiii

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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.

Bitcoinsummoner

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Quote from: SquallLeonhart on October 12, 2016, 01:47:12 PM

Quote from: chaser15 on October 12, 2016, 10:34:50 AM

Quote from: davis196 on October 12, 2016, 01:52:18 AM

Never put all eggs in one backet.That`s why.

I still afraid that the online wallets i use might be hacked or run away with my bitcoins.

If you are afraid then make some wise moves now.

You can stay away from web wallets or if there's no way you can access other wallet types then just don't store in just one web wallet like you said "never put all eggs in one basket".

Its always good to have multiple wallets to reduce the risks, as if anything goes wrong with your wallet and if you have diversified your coins to different wallets then your coins in other wallets are safe and you won't loose them.

Yeah i doing it that i use multiple wallet to secured my main wallet and i use bitcoin mixer so that no one can trace my transaction..
sometimes i using other online wallet for fast transaction and there is no fee for every transaction.

SquallLeonhart

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Quote from: chaser15 on October 12, 2016, 10:34:50 AM

Quote from: davis196 on October 12, 2016, 01:52:18 AM

Never put all eggs in one backet.That`s why.

I still afraid that the online wallets i use might be hacked or run away with my bitcoins.

If you are afraid then make some wise moves now.

You can stay away from web wallets or if there's no way you can access other wallet types then just don't store in just one web wallet like you said "never put all eggs in one basket".

Its always good to have multiple wallets to reduce the risks, as if anything goes wrong with your wallet and if you have diversified your coins to different wallets then your coins in other wallets are safe and you won't loose them.

canah17

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

Just wondering why people use so many Bitcoin wallets.

Hey! Good day to you friend! i would like to share my experience on why we use many bitcoin wallets i have experienced it i have many bitcoin wallet because of the different service in it others have incredible security and others have discount of it if you use their wallet then others have new updates in it with new transaction on it still others have join the other bitcoin wallet in the past and they want to change or have another wallet to have easy access like coins.ph to me its very easy to use it has bills and load i can't believe a wallet has that transaction then in other case they have different and other accounts to use different bitcoin wallets.

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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..

Roger Burton

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Bitcoin can be a very trustworthy currency, but it is still intangible. So people who use it want to be as sure as possible for their money. So they use different wallets to safeguard the security, that their money and their btc will not be lost.

South Park

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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.

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Quote from: davis196 on October 12, 2016, 01:52:18 AM

Never put all eggs in one backet.That`s why.

I still afraid that the online wallets i use might be hacked or run away with my bitcoins.

If you are afraid then make some wise moves now.

You can stay away from web wallets or if there's no way you can access other wallet types then just don't store in just one web wallet like you said "never put all eggs in one basket".

davis196

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

Just wondering why people use so many Bitcoin wallets.

Never put all eggs in one backet.That`s why.

I still afraid that the online wallets i use might be hacked or run away with my bitcoins.

paramind22

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Which of the wallets from

https://bitcoin.org/en/choose-your-wallet

is the best and why? Is there a big difference between them?

Hugroll

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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

Indrawan77

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Quote from: mrcash02 on October 11, 2016, 09:18:57 PM

I use only one wallet, but people like to use many to test all the services to find the better one or to don't centralize all the money in only one place. More safe, if you lose, you won't lose all of your BTCs. Each person has a different method to do different things.

Each wallet has it's own unique and speciality, and also it is safer to spread your coin in different wallet rather than put it all in one wallet, some people also used different wallet for security reasons, some of them used for managing their coins

mrcash02

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I use only one wallet, but people like to use many to test all the services to find the better one or to don't centralize all the money in only one place. More safe, if you lose, you won't lose all of your BTCs. Each person has a different method to do different things.

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Quote from: MTBTT on October 09, 2016, 06:46:31 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.

I think today there are many wallet that you can access using your cell phone, they use android and ios system, maybe you can see it in PlayStore

I do not feel convenient for accessing the bitcoin wallet through the phone or tablet, cause some features are hidden and I can't find that. it's fine just for saving your amount in more simple pouch another from the pc wallet.

ajun96

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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

elyas772

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now im use only mycellium. higher security, i can import or export the prive key, avaible to make signature message to proof im the real elyas772

TraderETH

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Quote from: dhimasnk on October 11, 2016, 10:12:44 AM

why people use many bitcoin wallet? good question. I think they use a lot of bitcoin because they wanted more security, so they are using bitcoin wallet is not just one

And other reasons people using many bitcoin wallet is for stay be anonymous and there are not people who can be tracking the transaction and the other reasons is because of services wallet BTC always changing wallets.

madwica

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For me i used 3 bitcoin wallet to minimize the risk of my money or investment then the other wallet i use is to received the income came from signature campaign and sports betting then i have main bitcoin wallet that i do more transaction like sending and spending my bitcoin.

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