Bitcoin Forum

Sorry for the very noob question, but I googled for it without finding a proper answer.

What I mean is not moving your wallet from a provider to another, but having multiple different wallets containing different amounts of bitcoins.

There's no restriction to use how many wallets you're using or you want.

Yes, just like you can have multiple bank accounts you can also have multiple bitcoin wallets.

Well you could use different client , Bitcoin Core , Electrum , Multibit HD etc .
But I don't see why while you can use Multiple adress , I mean this why adresses exists . Even if you see "1 BTC" on your wallet and it's received on two multiple adresses , the blockchain will show the adresses balance and not the wallet ,so you are safe and annonymus .

Yes, like other people above me have stated, you can definitely have more than one wallet. I usually have a "hot" wallet where I keep a small portion of my bitcoins for transactions, and a "cold" wallet where I keep a large portion of my bitcoins for safe-keeping. Just like a checkings and savings account.

Yes ofcourse you can create as much as possible.
There isn't any restrictions regards the numbers of wallets you own.

Good Luck  ;)

I like to keep three types. Cold wallets for long term storage offline. This is where larger amounts are kept. A spending wallet on a secure computer. This is where I keep amounts in the hundreds for larger purchases. I keep it synced to the network. Then I also keep about $100USD on my smartphone for most purchases. This is less secure, but very convenient, and IMO, worth the risk.  

Thanks for the quick answers guys, much appreciated :)

Not only is it possible, but it is also recommended.  An offline, or cold-storage wallet, is a great place to keep the larger quantities of coin.  A connected wallet (like Bitcoin Core or MultiBit HD) running on your computer that's online can be used to make purchases, pay bills, whatever.  Finally, a mobile or online wallet for everyday spending when you're out and about.  The amount of coin you keep in each decreases as you go: cold storage has the highest (least risk), mobile has the least (most risk).

it's advisable to have more than one, in the case one of them will be corrupted or something(happened to me more than one time), now i' have 2-3 wallet just in case

2 for cold storage and one that is used as a main

Isn't that more about having backups? If you had backups on the addresses, you wouldn't have lost anything.

I would certainly recommend having a few addresses as you can easily determine the purpose of the transaction. When all the payments are concentrated in one address, it is hard to tell the purpose for them to send it. I personally use only 1 address as I take preventive measures to secure my computer. I would consider having additional addresses to serve as a cold storage if my fortune increases. If you use each address only once, it may help to protect against potential weak RNGs when creating transaction. It also help with anonymity.

address share the same amount, and they are in the same wallet, if that wallet will be corrupted you will lose everything, with multiple wallet.dat(i mean the file not the client) you can avoid this

Yes but you would be spreading the same amount of coins between many different wallets so what's the point?

i said it above, to avoid that one of your wallet will get corrupted and you will lose everything, with multiple wallet you will lose only a tiny portion of your total balance

i thought it was a pretty simple concept to understand...

I wish everyone did this.   You honestly do need 2 wallets.  And it takes at least one hot, and one cold wallet.

The hot wallet is easy to access and spend for what ever you want.  Could be online, on a computer with internet, etc.   But you do not hold a ton of BTC in it.

Other is cold wallet.  This one can be many things but a good old paper wallet is hard to beat.   You keep it offline and in safe places.  You put majority in cold wallets as they should not be able to be hacked.

And no matter what kind of wallet keep multiple backups and keep safe backups.

Was the original suggestion to use a new receiving/sending address every time you make a transaction with Bitcoin?   Does anyone do that currently? 

I know some that do.  All depends on the person.   

The people that tend to use different ones each transaction tend to be the ones worried about their identity, wanting to be anonymous. It's not a bad thing to do at all, just a lot don't.

Biggest thing is the having cold and hot wallets and keeping majority in cold wallet.

You can have as many wallets as you need and yes you can transfer your bitcoins from one waller to another and yes you can transfer your bitcoins without any problem if your 1st wallet is from different wallet provider then 2nd This is why i love bitcoins no bullshit no investigations and crap

As far as i am on the forum, i see many people saying yes, so i am collecting money to buy a hero account, but seeems too far for me now.

Yeah , you can have as many wallets as you want.
The main reason behind having multiple wallet is that you can be much anonymous with that.
Moreover these days , i think all company provides multi-signature wallet which can help you to use the same wallet with different address.

if i were you i never go for hero member account because its so expensive and ROI is much difficult then Full member account currently if you talk about signature compaigns full members are converting best amoung all with full member you will get your ROI in just one week 1st week, So go for full member dont wait for the hero

i like to have at least two cold wallet and one hot wallet with minimum amount of coin, but yes the general idea is this, instead i dinf useless to have more than one address on cold storage, because then you need to back up each time you make a new one..


you posted in the wrong thread, what you said has nothing to do with the discussion.... but i would suggest to buy a senior first, much cheaper and roughtly the same earning

probably just mindless sig spam, doesnt matter


why 2 cold wallets?  im guessing one of them to transfer funds from and to your hot wallet and a second that would hold the majority of your funds for long term storage, am i right?

A good move is to buy a full member or sr account with a lot of potential activity and then ranking it up yourself.  If you can find this type of account, you will save a deal of coin. 

i myself have 3 wallets i use regularly, the only limit is how thin you want to spread your btc :D

starting to get rather off topic

spreading your btc thin is a good thing imo (to a point of course, depending on how much total btc you hold.), it minimizes what you would lose in the case one of your wallets gets compromised somehow. always good to think ahead :)

i was planning to do that also with two cold storage, but it was done especially because in the past i've experienced some corruption, i was nearly losing a big portion of my savind due to it...it was a nightmare especially because it happened two times

then after that case i decided to build another wallet to minimize the loss

Yes, you can of course.

There are programs that allow you to create thousands of wallets

Yes OP it is possible. In my case I have multiple bitcoin wallet which each of them has a purpose.                                    

-COINS.PH wallet - This is our country's no.1 online wallet provider. Many services offered here that we can use in our country for daily needs like instant cashout , bank transfer etc. That's why we need this most.

-XAPO - Some faucets I played use XAPO that's why I use it

-MYCELIUM - My main wallet .

-COINBASE - backup

wait is having different bitcoin addresses counts as having different wallets? if yes you can easily do it with blockchain.info wallet

I think no. Some wallets have an option of making multiple address with the same wallet. I will take the online wallet Coinbase as an example.

I treat my wallets as I do bank accounts, normally 1 main one and then 1-2 child accounts for different/random matters.

Yes, of course you can.  Just don't own two wallets with one service as 99 percent of the time that is a violation of the service's ToS. 

im assuming you mean the online web wallet services such as xapo and blockchain, but im not even sure if its against their ToS to own two accounts with them, never heard of anything like that. as for HD wallets, there are no restrictions whatsoever. youre going to have to show me something that says its a violation of their ToS to hold multiple accounts with them.

Of course it is! I believe there's no restrictions and limits when holding bitcoin wallets
You can hold multiple wallets as long as you can manage them all

Why this desire here? Then why to buy when you must create it yourself being active here in forum. If you want to use it for making money ok but is it worth? I haven't an idea how much can go to buy a hero member account but must go high if from it can be made money.

Of course it is, you can have as many bitcoin wallets as you can be bothered to create ;D
Personally I advise you to have -

1.) At least 1 fully synced bitcoin core wallet
2.) Multiple paper wallets for cold storage (safe offline storage)
3.) One online/mobile wallet for everyday spending of small/medium amounts

Spread your main bitcoin stash equally amongst 1.) & 2.)

I have all 3 of the above plus a trezor but I won't explain that yet as you're still a noob. Good luck bro.

Correct answer…  I prefer a hardware wallet for offline storage…But paper works too.

Well it just something that you might ask like can I have multiple wallet or multiple bank to save my money ?
Ofcourse everyone can have multiple wallet and bank as long as he/she can handle with care.

But remember for holding bitcoin wallet especially online wallet, to keep your password in safe place because it will hard to recover your wallet

I have about ten bitcoin wallet and all online wallet...i dont have a desktop wallet because i dont like to download a blockchain

It is not just possible but very easy. You can have different wallets at the same time. Online, hardware or regular computer wallets.

Here is a link on how to choose your wallet :

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

Cheers !

Use MultiBit and you can have a quick and easy way to make as many wallets as you want, each completely separate from all the others, and you can sync them all at once and see all their balances at any time, too. Coinbase (https://www.coinbase.com/join/z-EZWw) is another system like this, and they even pay your fees when sending transactions.

Yes, of course
you can just like you can have multiple bank accounts you can also have multiple bitcoin wallet
you can definitely have more than one wallet.