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Topic: Why do people use so many Bitcoin wallets? - page 9. (Read 51715 times)

sr. member
Activity: 478
Merit: 250
I think its because they just want to have a wallet for every transactions that they do. And they will assign a particular wallet for each of it.
But I guess, all wallets were just the same use and its only different with the charge of mining fee for sending transactions.
hero member
Activity: 756
Merit: 501
I do use just one wallet, but i understand the purpose of those people which use more then one wallet, they just distributed their coins to keep them safe, soo if something happens to some wallet they still get bitcoins at the others.
legendary
Activity: 3346
Merit: 1134
Leading Crypto Sports Betting & Casino Platform
It is a way of keeping the bitcoin safe. A lot of hackers are surrounding this area because of the fact that bitcoin have a large price so it would be a target that is good for the eye of those thieves. An easy 2 bitcoin hack can make them a lot of money in just an instant.
legendary
Activity: 1848
Merit: 1009
Next-Gen Trade Racing Metaverse
Different wallets different purposes basically

Different wallets different purposes basically

A matter of preference actually. I for example use 2, one for saving and the other for spending.


legendary
Activity: 896
Merit: 1000
Just wondering why people use so many Bitcoin wallets.
I don't even know why they used so many Bitcoin wallets. Maybe for safety? Even myself,maybe i would prefer to use many bitcoin wallets to make sure my bitcoins are safe. And i dont even said that one bitcoin wallet is not safe, but many bitcoin wallets are safer than one.  Smiley

the main reason is security and privacy. especially when people operate on several platforms. i personally use one wallet for a few weeks before i delete it and work with a new one. that's for privacy purposes. i like to keep things seperated.
legendary
Activity: 1736
Merit: 1001
i have 3 bitcoin wallet now its make me easy to maintain my bitcoin
to make me easy to use when i am mobile and not always must open PC
and especially for security puprose Smiley
member
Activity: 112
Merit: 10
Just wondering why people use so many Bitcoin wallets.
I don't even know why they used so many Bitcoin wallets. Maybe for safety? Even myself,maybe i would prefer to use many bitcoin wallets to make sure my bitcoins are safe. And i dont even said that one bitcoin wallet is not safe, but many bitcoin wallets are safer than one.  Smiley
hero member
Activity: 1092
Merit: 500
Just wondering why people use so many Bitcoin wallets.

Because they want to put their bitcoin in a safest place. Even me I have a multiple bitcoin wallet that I used, which are bitcoin core, multibit hd, and I used some of the bitcoin exchanges wallet too.
sr. member
Activity: 406
Merit: 250
I use my main bitcoin wallet on my phone that usually is empty, I only send bitcoin to this address and then send it to other wallets. I use my main wallet on both my pc and phone and I also use xapo occasionally because they offer zero fee transactions.
hero member
Activity: 756
Merit: 503
that's like why you have so many bank account ? Smiley
for me diffirent wallet can make my management of money more easy, use xapo for daily usage, jaxx for trading, and paper wallet for hok=lding in long term.
hero member
Activity: 518
Merit: 500
Just wondering why people use so many Bitcoin wallets.
There are many reasons for using multiwallet. The first things is to be more secure. When you are holding a large amount of money, the best way to avoid losing all your money is to divided them into many part and hide them in different places in your house or banks. Secondly, each wallet has a different system and they use each wallet for different purposes
hero member
Activity: 910
Merit: 501
I think as well it's a security thing why some people use so many wallets.
I must say I have just 5 of them I actually use.
And I already have trouble with those to manage...
I think it can be a very tricky job to keep the overview, all the passwords and addresses.
sr. member
Activity: 280
Merit: 250
those who have more amount they only usage multiple wallet to secure their account if they ever get hacked. all with digital one can't take risk of keeping high amount in just one wallet so they distribute their money in various wallet. also sometimes due to compulsory user are forced to use other wallet.
newbie
Activity: 2
Merit: 0
Different wallets different purposes basically
hero member
Activity: 714
Merit: 531
Peopple uses more than one wallet and that is becuase i know for sure that lots of people want to put their money on one bank you also have more than one bank account for your dollars so bitcoin usrs also.
you are right, it is put into a lot of wallets to be honest and it is really safe in this way i think
Not to safe it is just lessen the risk of your money, putting money in different bitcoin wallet is good we can double or triple our income on it and also some bitcoin wallet do not like to received income came from gambling that is why users find a way to cash out their money and the way is to have other bitcoin wallet.
hero member
Activity: 770
Merit: 500
Peopple uses more than one wallet and that is becuase i know for sure that lots of people want to put their money on one bank you also have more than one bank account for your dollars so bitcoin usrs also.
you are right, it is put into a lot of wallets to be honest and it is really safe in this way i think
full member
Activity: 187
Merit: 100
For in order to save money, it is necessary not only to create more bitcoin wallets, and purses and other cards for different currencies, because even I can not guarantee comfort.
sr. member
Activity: 462
Merit: 250
i think only for security reasons.
full member
Activity: 154
Merit: 100
people have so much money so they fear to store all money in a single wallet, because if one gets hacked them other wallet will survive. but poor fellow like me usage only one wallet that too empty. like 0.01 btc only i have in my wallet. so hacking my wallet is worthless.
hero member
Activity: 2884
Merit: 794
I am terrible at Fantasy Football!!!
People use several wallets for similar reasons that you use different credit or debit cards, you may have a stash wallet where you have your savings in bitcoin, you may have a wallet to receive payments, a wallet in your desktop, phone, maybe an online wallet so you can access it anywhere, there a lot of reasons to have several wallets.
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