Bitcoin Forum

Hey guys,

I was wondering if you keep all your bitcoins in one wallet, or do you use multiple providers/accounts?

I am currently using 3 different wallets, it kinda feels safer not to store everything in once place...

Thoughts?

MC  :)

I use MultiBit HD and that seems to use a lot of different wallets for incoming and outcoming transactions. So, a collection of wallets.

I think that is a pretty cool feature.

oh cool! So can you have a breadwallet and a ledger wallet within a MultiBit? Or just different MultiBit Wallets?

I feel pretty safe just using electrum.

I mostly use blockchain.info for every day use but recently started using electrum to store large sum of finds as i find it more safer because it is software based rather than web or database based. I also have 50% of my total bitcoin in different exchangers. Spreading all bitcoin is safer option against possible scam or shutdown.

I think it's just a collection of wallets. It's uses a deterministic wallet (https://en.bitcoin.it/wiki/Deterministic_wallet). I have no idea what it means though... :P

i was never save all of my bitcoin only in one wallet because it's too risky for me and currently i have 5 blockchain wallet, altcoin exchange wallet and my local exchange wallet

Not really. My mycelium wallet is tied to my ledger wallet, do it's basically a watch-only until I plug my ledger in. The only wallets I use are the stock ledger wallets and The mycelium wallet, as above stated.

Its definitely a benefit the accounts to be free and also for big Bitcoin owners probably better to save them on different Bitcoin wallets.

I think its important to use more than one wallet, in my case i use one cold wallet (a paper wallet) for long time storage. A Multibit as normal wallet, and a mobile wallet for small amounts.

I using and different 4 wallets and why am i using some wallet at the same time? because to split all of my bitcoin, and decrease all of the risks will I get from this? it's my responsibility to protect my BTC from the thief or scammers. you can try my way. :D

I use only electrum and it has about 50 wallet addresses, so far its a pretty safe wallet, been using it for over 2 years on Linux not a single problem so far. Unless you want to have a lot of anonymity (if you know what you are doing) you can have as much wallets as you can as they cannot be linked to a single person that easily if you use different wallets.
For me I feel pretty safe with Electrum. Time has told me so :)

I'm only using blockchain until now but have some address in my wallet. maybe I was not too protect my wallet, with using 2FA I think it was more than enough. because in my opinion blockchain is the best wallet for me because for me it's always updating with their system in I'm very comfortable with this.

Yes i use more than wallet to store my bitcoins, and i think if the safest way to hold the coins in more than wallet, in addition some exchange servers offer extra services for using their wallets

Just use one Bitcoin wallet there is Blockchain the more popular web wallet to store my bitcoins. Very easy to use

Are you talking about online wallets?I use coinbase only to send and receive bitcoins i have a blockchain account too but i prefer coinbase.
For storage i have a hard wallet (ledger) i don't trust enough the online wallets to keep my bitcoins.

While I wouldn't store all my eggs in one basket, I also wouldn't be saying how much less where they are stored - you'll forget you posted in this thread, but a hacker will come along and use that information (should you have enough BitCoins that they feel like taking) and you won't even know how they did it.

I used to have 5 wallets, but I'm down to only 2. I also used to have 5 bank accounts, but I'm down to only 3. Frankly, you don't need more.

no i am using a sing wallet for storing my bitcoin and that is enough for my bitcoin to store there.it is a reliable and trust-able wallet. i can do fully trust on that coin.

Lol yeah I also think using one wallet is enough. if you want to secure you just add some authentication. and using one wallet simpler and easier

It's always a good idea to use multiple addresses. Some people would even advice not to use the same address twice. I think that's overkill. But if you don't want to be tracked, try changing your active addresses every week or two.

I have one wallet for BitCoin, but I trade much for altcoins to make profits, so that's where probably most of my coins are at the moment.

Yeah I do; I use Coinbase as by digital account and this is where I base all my transaction from. I have a Ledger wallet which i use for preliminary storage.  :)

I have 3 wallets because i need it for my balance in gambling because some of the bitcoin wallet is locking some.wallet if your fund is from gambling so i have wallet for that. And i have coinbase for my hyip because sometimes i use my referal link so that i can earn referal bonus.. And coins.ph for my cashout and here the main wallet.

I have 4 wallet because i need it too for my bitcoin earning. Yeah true other bitcoin wallet site can locked your account if they find that you using their wallet for gambling funds. So i have other wallet for my gambling. And i have other wallet for my erning in signature campaign. And my coinsbase or xapo for my cash out.

I use Electrum's multiple addresses and differen't wallet files

I use coinomi for more than a years is safiest like to other wallet.u can keep a altcoin like btc,doge,litecoin,dash and many more.

I use to have 3 wallets, blockchain as my first wallet, yobit for my sig campaigns, and the other is the local currency wallets, I am interested to explore others like electrum and other offline wallets like Bitcore I'd like to play it around how would it goes.

This is what my Bitcoin wallets usage currently looks like.

# 3 wallets where I have all my cold wallet coins in.
# 2 spending/receiving wallets for my daily transactions.
# 1 wallet without a password containing over 0.10 BTC to see if my pc is hacked or infected with a virus.

All this done with the client Bitcoin Core.

I use several wallets but I am not going to give specifics.  It is always a good idea to take a wise approach while managing one's money.  Divide it up into savings, spending, investment....etc.  One wouldn't shove their whole bankroll into their pocket when they go out to the market for bread and milk, so one shouldn't keep his entire bankroll in a wallet designed for routine purchases.  It's just wise to diversify one's holdings under a tiered security protocol. 

One wouldn't want to flash a wad of "Benjies" while buying a can of wine in the ghetto would they?

I got 3 different wallets I use. 2 on the computer and one on the phone and all hold a few btc all the time. I put most of my btc on cold paper wallets though.

Diverse wallets in different sites is the best way to protect your bitcoin from being hacked or to increase protection. Its like making plan A, Plan B and Plan C. Making that kind of decision will make you feel secure so you can sleep at night without worrying about losing all your bitcoins. Even if you lose your btc in one account you still have more on other account of if that site blocks you  there are still wallet left to use.

Yeah im doing it also. I had 3kind of online wallet just to be sure that my bitcoin will be safe and does not drain ,if some one of them close or deactivated my acount idont want to lose all my worked bitcoin when one of them running or trying to hack my acount . So to be sure I need to do that.

I don't think so. Because I'd never used a multiple bitcoin wallet Because for me the most trusted bitcoin wallet is the coins.ph but only in the Philippines.  I really don't know how to used the triple wallet. For me i am contented to one bitcoin wallet. Because if the triple bitcoin wallet. I have no time to the other wallet. Because i will focus on one Bitcoin wallet.
By the way. You can try coins.ph wallet. If you here in the Philippines. It is very useful in this country. You can save your money of you want. And you can withdraw your money if when you want anytime anywhere.

Yeah. Me too i have used an another bitcoin wallet. Because if you directly sent a gambling website. My coins.ph bitcoin wallet is automatically deactivate for how many days. It is very annoying. But it's ok we have no choice. Cause i need that wallet to save my money. And withdraw any remittances in this Philippine country. 😂 The policy of coins.ph is changing. 😂😂

i use only electrum wallet to store my btc. i feel it is more safer than other wallets so i dont need to make more accounts in other wallet providers. electrum is the best!

Yes, certainly I do use more than one wallet to store my bitcoin and it is a wise thing to do so.

Instead of dumping all your bitcoin in one place it is always better to diversify. In terms of investment as well as for storing.

It is safe and even if your one wallet is hacked by some hacked, you can at least save some of your bitcoin holding.

i use 3 wallet online , one of my wallet get hacked 3 days ago and my mistake because i am not set 2fa, glad i am not save all my coins in 1 wallet  or i will lost everything. 

Hey... Do I want to know about your experience using an electrum wallet, how the security of electrum does have a good security? I do not have more experience about another wallet and I want to know about this.thanks

of course i use multiple bitcoin wallets to store my bitcoins but it is not so much about the security by spreading but it is mostly about convenience for me.

for example i use blockchain.info as a hot wallet that i keep small amounts and i can spend from it anywhere and anytime but it has lowest security to keep big amounts so i use Electrum as cold storage for most security by keeping it offline.

Everybody uses multiple wallet if they have few btcs. But only you earn from somewhere or just for the fun you have purchased than mostly 1 wallet people have rest they have 5-10 wallets easily stored online and offline as well.

Yes i have 2 different wallets for my bitcoin, the first and my main wallet is blockchain.info and the second is xapo. For xapo i rarely use it and only use my blockchain.

for me it is good to use multiple. 1 for gambling and 1 for investment. so that i will not lose to much in gambling. hahah

Yes I do using multiple wallet and also use multiple account providers.like don't put your all eggs in one basket.everyday hear lots of unusual story like hacking,scamming etc So  feel safe to store my bitcoin different wallet.its also seem secure you will not lose your bitcoin.thanks

I think you don't need to use 2 bitcoin wallet, because it can give you a mess for you, and your wallet is the best to use is indeed Blockchain.info, because blockchain always gives you the option of doing any transaction and also the security so awake

Before i use multiple wallet like coins.ph and blockchain web wallet but as of now because i just find out that coins.ph is not safe to store bitcoin because if they find out suspicious transaction like your gambling and you always receive big amount of bitcoin they will not take hesitation or warn you for deactivation of your account so now i'm just using blockchain web wallet because i feel safer than using coins.ph because of the account deactivation issues.

Yes i have 4 wallets to store my bitcoins,,i have coinbase,blockchain,xapo and coins.ph.
Cause if ever 1 of my wallet was hacked the btc was only 1/4 of my total btc.

I have 4 accounts on 4 different wallets, but I don't usually use the 2 of them (only sometimes with small transactions), and my coins are not equally distributed for all. I have that one wallet that I store almost all my bitcoin. However, even I'm not into separating my coins equally, I agree that it's pretty safe to save your coins on different wallets, so no matter what happens, you have backups and will not lose everything. There are lots of phishing sites and hackers these days, so better to be secured.

I have 3 wallet accounts, blockchain wallet, exchanger wallet, and local exchanger wallet. I use blockchain wallet to receive signature payment and for transaction. If I have much bitcoin, I transfered it to exchanget wallet or to local exchanger wallet for trading.

yes i do that too.
but mostly because i have been testing different bitcoin wallets and i have some bitcoin laying around in them.
but in the end i have moved most of my coins to one wallet and that is Electrum because i felt best about this one.

For me i use 2 wallets for security and for cash out basis and that is coins.ph and blockchain.

Coins.ph is only known wallet provider in our country where we can easily cash out our money eventhough we dont have bank accounts and also our wallet provider have different feature like paying bills and smart phone load but nowadays our wallet provider have many wallet locking issue thats why i use BLOCKCHAIN when storing my bitcoins for long time staking

No, i only use 1 bitcoin wallet, blockchain for storing my bitcoins. But i have many addresses in my wallet for seperate my money and i prefer have multiple address than many wallet.

Do not use breadwallet, they are pushing that bip75 thing which is anti privacy. Pro privacy people is boycotting breadwallet. Wallets supporting bip75 must die, so use something else like Electrum or something.

1 wallet per person is enough unless you have a ton of coins.

Sometimes i forget my passwords and login details to my accounts so I also feel fear in the case of bitcoin and for that i do not save all my coins in one wallet, and the other fear is its hack. so i keep my coins in multiple accounts.

Yes, i use multiple bitcoin wallet for storing bitcoin but not just for security or behind fear of losing coins its because i get payment from many places including signature campaign payment, trading, cold storage, cloud mining (in little measure), many more.

really using multiple btc wallet clear my doubts and easy to remember why these transaction made.and i recommend this to everyone.

good job...everyone makes multiple btc wallet but not just for fear of hacking. because bitcoin is not any things which can be hack.
so now you just create multiple btc wallet for keeping safe it from malware,virus,phishing which attack your private key.so everyone do for make transaction easier not keeping safe from hacking.

in my opinion you are actually right, sooner or later you will have to use several addresses in my opinion as you might lose some addresses or just change wallets

i use several addresses because i just have a cold storage and hot storage so their addresses are actually different, though i have never used more than 2 addresses at once

This strategy is very good for people who owning big amounts of bitcoins, cause if one of wallets is hacked or just even lost,owner will not lose everything at once.

i guess you might be right about this but if you actually use different wallet addresses on the same online wallet then i guess it wouldnt help you at all to avoid getting hacked

i use only one wallet at the moment because i dont need any more of them, i put all my bitcoins to the same address because it is easier to use bitcoins for me in such way

I find it natural to split my coins between couple wallets. Not necessarily because I want to keep my privacy but I feel more secured this way.
But if you own only small amount of BTC, say less than 1 BTC multiple wallets are maybe overkill, as it might be a hassle (for some people) to manage all of them.

Keeping small amount of btc in online wallet (for fast transactions and quick access) and rest of your BTC stored in Armory or Bitcoin Core is the best way IMO.

using multiple bitcoin wallets is not always good. you should try them and use only one or two that you find good.

because if you don't use password for them then you won't have any security and if you use passwords you have to set a different strong password for each of them and remembering all these passwords is going to be a hassle and you may even confuse them.

its not about the security of the wallet, its about the anonymity. if you continue to use 1 wallet forever then you arent being anonymous in bitcoin.
I use a HD wallet that always changes my public address, but i also have a paper wallet for storing funds long term.

Using only one Wallet and that is Blockchain.
I think it is one of the most popular ones.

I also used three bitcoin wallet to store, one as a long-term investment because I believe bitcoin price will be very expensive in the future and the rest of the other wallet as storage for a moment.

I had 3 wallets before one year and after having some problems with my Coinbase wallet, i decided

to use only localbitcoins wallet to store my bitcoins.

There`s no 100% security even with a PC wallet  :-\

but you are not gaining any extra anonymity by doing this, because all your bitcoin addresses are easily linked together, you are just making it longer and you can easily check all of them by using something like walletexplorer to find all your addresses linked together.

True, using only one wallet was a good move. because if we use a lot of wallets there is a possibility that we're going to be confused because it forgot to put funds. not just sum up the time to Transact and pick the most popular wallet is the most secure locks done, because it is definitely the most popular wallet site (BC) has a security system so tight and so secret. you are so lucky

Wait a minute, what wallet offers 2fa?

Coinbase or xapo that online wallet has a 2fa to secured your wallet but you can disable this or not use for authentication before you login..
I dont recommend online wallet i already experience bad things about those wallet so i convert in electrum it is better than using online wallet even theres a fee its ok for me safetyness is the best to choose..

forme,looking for the best is must be test all popular wallet,that will give me better choice,at first time i try  to using blockchain,and its pretty good,i never get trouble,then try local wallet on exchange,also i try coinbase,and so far i use blockchain and coinbase.

when i didn't had much bitcoins yet,  i keeped all my bitcoins  in one wallet only  and i thought it is all right, as easier to remember password, but then i heard about wallet hacks and i use 4 now

and since i have 8 bitcoins  i simply keep 2 bitcoins  in each one of my wallets, and all are created  in different place, 2 in blockchain and so on, and  i think that i do good thing

to be honest blockchain.info wallet is really great in my opinion, i think there wont be any better online wallets ever because it is really newbie friendly and i use it from the beginning

i use only one bitcoin wallet right now and i think that i will never need any other wallets, i heard that blockchain.info wallet is not safe but i have never had any problems with it

It is a personal preference.

However, it is highly recommended that we have seperate wallets for different purposes. Like most of us for example, usually, people have 2 or 3 wallets. 1 of the wallets is for spending purposes and the other/s for holding their bitcoins and readying them to use/sell when the time is ripe.

using multiple bitcoin wallets is not increasing your security and it can even become a pain in the ass to keep all those wallets safe. but on the other hand you can use multiple wallets for different purposes like a cold wallet and a hot wallet for storing and spending respectively.

Before i have a lot of bitcoin wallet. I have a blockchain Wallet. Xapo bitcoin wallet, coins.ph bitcoin wallet. And block.io bitcoin wallet, and bitbit bitcoin wallet. I have a lot of wallet before. 😂 but now i have only one bitcoin wallet. My bitcoin wallet now is coins.ph because coins.ph is my only one wallet that i can withdraw my all Bitcoin that i have. I can withdraw through real money. But. Many bitcoin wallet is very tired to manage all that wallet. Because i am the kind of person is very busy everyday. 😂😂😂

I use multiple bitcoin wallet to store my bitcoin.   I feel safer that way.  And besides wether it is intentional or not I am already storing it in multiple wallet since im sending some BTC to online exchanges and trade with it.  Anyway if you ask me what Im using, I have the bitcoin wallet, the electrum, multibit.

You are definitely right, storing all of your Bitcoin in one wallet is a really bad idea. If you want to safe a big amount of BTC, you should safe it in a cold storage. But for spending it, you can safe it in a mobile phone wallet.

i only use two wallets, blockchain.info for my savings and a local wallet which is coin.ph to withdraw real cash. maybe i will try to use other wallet as well if have a big sum of bitcoins, i heard electrum and armory is best in terms of security.

Well, first I used two of my bitcoin wallet to store, one walelt bitcoin I used to get for free, such as the signature campaign, and faucet. and wallet were only to save bitcoin I get from the business, such as investment or trade, but now I only use one wallet, because it is very inconvenient

I used blockchain.info >> For receive payment and mid-wallet with coinbase
And coinbase >> This for buy and sell things , and store my bitcoin for hold
Hmm , i prefer coinbase than blockchain . Because i knew coinbase than blockchain . So i like to use coinbase

I use two bitcoin wallets. One is for saving. Whenever I have accumulated enough, I will send to that wallet. The other one is for receiving and spending.

I personally use only one wallet, which is blockchain.info. I have Mycelium on my phone but this is for backup only (in case I need to receive BTC on the go). After I get home, I usually sweep my Mycelium wallet into the blockchain one.

As a precaution, I have encrypted copies of my privkey stored on different places/devices/cloud services. Luckily, I can keep track of everything so a copy doesn't go AWOL and end up on my neighbor's phone.

I use a paper wallet for some of my coins generated from bitaddress.org offline and for spending or buying stuff online, I use Mycellium and blockchain.info for fast liquidity and such. I only put a small amount in my blockchain wallet, just enough for me to buy something I want or need.

Well, what I did is that I only use 1 wallet. However, I am going to generate multiple private keys thru bitaddress.org. I still have to download the webpage of the bitaddress.org and run it locally on my desktop unit. Disconnected the internet and enabled all firewall for all application without exception both incoming and outgoing for I am using windows OS.
From hereon, those generated private keys from the bitaddress.org, will be then be imported to Electrum. Thus, as a result I only need one wallet but had multiple bitcoin addresses.

I do not use the auto generated phase seed of electrum for I strongly believe in the near future a powerful computer will have  enough computing power  to crack and generate those seed phases and expose all the 16 different addresses or more along with it.

Having a private keys is edge since this is supported on most light client and full client nodes.

It's kind of mandatory that you do it. I think every user should at least have a wallet for daily spending and one for cold storage. The most practical thing is probably having three wallets, cold storage, daily spending wallet on the phone and daily spending wallet on the computer...

yes I am using several wallets to save my bitcoin.

The main reason was to avoid something bad, when I got hacked.
and sometimes some wallet is always susceptible to interference, so that alternatives can use another wallet.

i store all on my bitcoin in one account but multiple wallets yes with the coinbase i can do this inside one coinbase account i can have multiple wallets and can manage them very easily and move money between my wallets and also there are some other rich features conbase providing but sometime they can also ask for you to provide your documents if they find anything suspicious in your account

To remain safe and relevant in the bitcoin market, one needs to have more than one wallets. I was once a victim of bitcoin hacking and i lost close to 3 bitcoins to a hacker. Could it have been that I had only one wallet, I could have lost everything to the hacker. Lucky enough, the wallet that was hacked was the one with less bitcoins.

I think this is practical and recommended,safety should be your main concern since Bitcoin can be considered a form of investment so any amount is important and if it is an investment it should be secured and having it divided into some wallet is highly recommended

Thanks for the great feedback guys, appreciate it. I totally agree with each and every one of your points raised.

I use two wallets online and offline wallet, i use two wallets because for security reasons. Never put the eggs on one basket. Never put bitcoin on one wallet.

yes i am 2 different wallets the other one is the xapo wallet i used it to store my earnings from their faucets and their bitcoin apps . and my main wallet is used to keep all my earnings from xapo and signature campaign and i also used it to cashout my btc and convert it to fiat .

Yes 2 walets for bitcoin.  And one wallet per altcoin

In lightweight client: Electrum, after generating the phase seed, automatically by default a 16 unique BTC addresses are generated for. All of which were generated from the public key as its seed. The public key is generated from the private keys as its seed in generation. While private is generated from the phase seed. A secret phase seed.

Speaking of wallets if you are engaging in gambling please do not use coins.ph if you are from the Philippines. They are very strict if they found out you are using wallet in gambling activities they will block your account.
Anyway multiple wallets is indeed good since diversion of btc deposit is urgent just in case of a attack from hacker. If one wallet is hacked or blocked your other btc is safe on the other wallet

Having 5 wallets in the same service(blockchain) will not  secure your money batter. if you want to use multi wallets then use different wallet instead of using multi wallet in the same site.
I Prefer to use one online wallet for receiving and sending money. because online wallets are easily accessible all over the world and you can use them everywhere.
and for Storing bitcoins I use just electrum and never open/import this wallet anywhere else (device/location) for security reason.

Not yet, because I don't have many bitcoin, so I don't need to use different wallet to afoid risk to be hacked. But if I have so many bitcoin I should use different wallet. Just keep secret.

Its very important to be carefull with your bitcoin create multiple wallet is recommended if someone of them close atleast u still have bitcoin to grow. I already have 3 online wallet .

I don't have too much bitcoin to store i only have just like 0.1 (something) amount of bitcoins as of now, So i prefer to put them on blockchain.info online wallet and use 2fa verification for another layer of security and i think it's enough for me as of now. But if i will have at least 5 bitcoins i will use multiple wallet like putting the 3 btc on a cold storage for long term investment and i will put the 2 btc on online wallet for using it as a capital on trading.

Yeah I agree. It would be like you store 100,000 satoshis in one wallet, and 100,000 satoshis in another.
It's useless.  :D

Why would they do that? That's your money you store there. And you can do whatever you want with your money.

Yes, cause i am always trying to split my earning cause at my opinion it's more safe than store everything on one wallet. People with huge amounts of bitcoins doing the same.

Yep. I've always been taught to always have your money in separate locations like for example, some in my wallet, some in my tiny pockets, some in my bag.

I do that to bitcoins as well. I have multiple wallets for different reasons. One is for storing for long term, others are for purchasing stuff, cashing out, paying bills, etc.

Yes I used multiple wallet address, through different exchange plaform addresses. But I have one wallet addres I used which is bitcoin core and multibit hd this two are proven and tested were you can store your bitcoins safely.

No bro I am using Only One Wallet For this Purpose But I am Using multiple addresses For Receiving Payments and it will Help me To remember that From where I received the payment.....

in my opinion every person who is holding more than at least 0.5BTC should have at least two wallets.

1) a wallet for storing the coins that you want to keep and don't touch AKA cold storage, which can be a peper wallet.

2) a hot wallet for using/spending bitcoin for example if you want to buy something with it or use it for gambling,...

I have done some cleaning up with my wallets. I had around 8 cold storage wallets cointaining 1/8 of all my coins in every wallet. But right now I moved everything to just 3 wallets as that is much easier to maintain for me. Beside that I have 3 different wallets that I use for spending purposes.

Thats online wallet and it's part of the term and condition that if they caught you using there wallet in gambling sites your account will be deactivated, for addition online gambling here in the Philippines is illegal so they just do there job. If you really want to gamble use another wallet there have many choices .

I use Electrum and Multibit. For my savings I use my Multibit wallet that is installed in my computer that only goes online when I send and receive bitcoins. My Electrum wallet is for my everyday use.

i used both web wallet coinsph for my exchange for my fiat and coinbase to recieve btc from my faucets earnings, i want to understanf how to use multibit. reading how these will work from my laptop and ow safe it is.

Yeah , and "don't put your all eggs on one basket , you will lose it on same time".
If you don't be careful about your account , you're account would be drained easily from hacker.
If you have different earning from activities you do to earn , you can use web wallet , and desktop wallet on the same time

Me i only use 2 bitcoin wallets, 1 wallet is for storing my bitcoin coming from free faucets and for earning in signature campaign and the other i used it to transact online like paying my bills, sending money to my family and loading my cellphone.

I like with the bold sentences, that's true never put all of your balance in the same place because you getting a losing for any time and all of the ways. mixing online wallet and offline it's a good choice, but maybe having above than 1 in every wallet can is better because it's same means you're having a little mixing for your amount.

Since the first time I was introduce to bitcoin, my friend advice me to use multiple wallet because there are so many hackers and phising attempt so its better to store small amount of the coin in a lot of different wallet although its a bit difficult to manage all the wallet but i feel safe

i use two diffrent wallet on my phone (mycelium) and on my desktop pc (electrum) but i use the same private key so these two wallets are only ,managing one bitcoin address. i don't need multiple wallets or any online wallet i am already secured

I have two different wallet as of now and both of it are online. One is use for earnings, buy stuffs and for payment for other services while the other is use for cashing out to fiat. I just have a small amount of bitcoin right now so those two are enough but if I already accumulated a significant amount then I will add another wallet that's not online.

Its better to say that I`m using multiple casinos to store my coins. Cause I have some coins in every almost every casino, and when I`m empty on one I play on other, and like that in circle. I use wallet just when I make some big win, or when i plan to cash out or buy something then I use wallet to gather coins from all sites.

I still enjoy in spending my coins, and for now I don`t have any plans to save coins. I use one wallet and I will not change it for now, it suits my needs very good. Multiple wallets will just confuse me.

I prefer multiple bitcoin wallets. Each for different purpose, form long time holding I prefer the localbitcoins wallet which is highly secure though its an online wallet. Form regular transactions prefer Blockchain.info, as it have got the best interface for easy access.

yes I use multiple bitcoin address to ensure the confidentiality of my transactions. I want my transaction awake.
and a wealth of information about me safe.

I use multiple paper wallets to store the bulk of my bitcoin holdings. The rest balance that I need for purchases and transactions I hold in my blockchain.info wallet.

Holding multiple wallets for bitcoin storage is very important. Given the nature of transactions and security involved in the blockchain, it is important to have several wallets. This helps to cushion one against acts of hacking where bitcoins can be stolen. If you have bitcoins stored in different wallets, you can not lose all of them unlike if you have them in just one wallet.

You would still get hacked if your computer gets compromised.

Using several distributions of Bitcoin wallets can be useful if a zero-day exploit is found and it doesn't affect all the wallets. The most common issue is the RNG and it happened to Android wallets once. Yes, it affected nearly all of them. It isn't that possible for a wallet to get compromised without the computer having a malware since most are debugged and checked hundreds of times for exploits.

Of course I do that.
I have several wallets to store my coins.
A simple way of risk management.
That way not all is lost if one wallet gets compromised.

yes i use multiple bitcoin wallet to store your bitcoin and i think one bitcoin wallet is too much risky , there is so many benefits to use multiple bitcoin wallet its too secure from robber because maximum people using multiple bitcoin wallet.

That's good. But be sure to know these different wallets. Because if you forgot your own password. That will be a great mess. Multiple wallets is useful if you know how to handle it. And just to be secure, different accounts, different passwords. We all know that there are also hackers who can hack your own account so make sure to keep it, never share it, and always think twice on giving/logging in your own account to anyone.

Nah.. I prefer just one, but secure. I've been using Blockchain for years now, and never had problems with it. Just changing the password regularly and securing my account made it be as secure as I wanted it to be.

The only 'problem' I had was that I've used a script for PrimeDice which stole my winnings. But that has nothing to do with my wallet not being secure - it was just me being stupid.

I like things simple, neat and efficient so I only have one wallet that I use. I do have Electrum installed on my PC but I only use it for transactions not permitted by Coinbase, like sending coins to LocalBitcoins. It's just a lot more convenient for me to have all of my coins in one place online. It means I can access them from any browser anywhere in the world  :)

It is always a good idea to keep your coins in different wallet to prevent any loss in some untoward incidence.Keeping bitcoin offline is much better though than keeping them online

Having a more confidential transactions is one good reasons to have a multiple wallet.

Well last time I commented on this post I mentioned that it is for the reason of adding security to bitcoins against attackers.

At this point I would like to add that I use multiple wallets since other wallets are not accepting bitcoins coming from gambling.

i think multiple bitcoin wallet is better to store your bitcoin because many people scared from hacker if a person try to hack any account then you do not lost your all bitcoin.

having multiple bitcoin addresses is not the same as having multiple wallets. and "a more confidential transactions" or more anonymity can be reached with simply having one wallet and using each bitcoin address only once (as satoshi has suggested).
and the only security that can provide you is the anonymity so attackers can't come to your house and beat you to get your private keys :)

i'm using multibit which allows you to have several wallets. its very easy to use and light weight. i have couple of wallets for different purposes.

Yeah im using multiple wallet xapo and our local wallet coins.ph, its good to store your bitcoin in not just one place to make sure it wont be hack and to avoid risk. coins.ph wallet banned your acount if they found out you are receiving bitcoin in gambling site, so to be able to gamble i need my other wallet.

i do that too, even though i have nothing to hide it is still better to just hold it in different wallets as it gives way more anonymity and i like it

Yes I use multiple wallets and always prefer using multiple wallets just to be on a safer side, incase I lose funds on one, I still would have few on another and not lose all of it. Also, I always prefer offline desktop/mobile wallets instead of web wallets. I use electrum on my linux environment and Breadwallet on iOS and Mycelium on Android.

people may be using different wallet. because they will need it. but in my case i am using only one and that is enough for me in the present time. if i feel the need of another wallet i will then think about it. but presently i am just using the single one and that is enough for me in present time.

Yes, I currently use two wallet, the wallet and the wallet of blockchain of c-CEX. I use it for different purposes. I use c-CEX to collect bitcoin I get, while blockchain, I use it for storage BTC for business, even though it was troublesome, but I think I can manage my finances properly using multiple wallet

For now i dont use any wallet now because i experience of delay or pending in web wallet which is coinbase thats why i transfer all my balance in electrum.. this is i think legit wallet ever..

I have only blockchain wallet registered in. I read view of this wallet. People have said this to be well secured. They say we can have so many accounts linked to this particular wallet alone. They do not charge much for it. It says once an address is used for either transfer or withdrawals, a new address is generated for the same account so that we can have a track of how much we have saved. Good place to be part of. Thank you blockchain.

I only use 1 wallet. it's blockchain. I don't think it's secure enough, but I'm too lazy to create so many wallets. I'm affraid of forgetting my wallet password since I knew that I'm not too good in remembering. and I'm not collecting bitcoin at all in my wallet because I will convert my bitcoin every week because I need fiat to live here.

Yep i am using now two online wallets which xapo wallet and my local bitcoin wallet coins.ph. they are really useful cause they store my satoshis securely and also for converting it to my currency. I only have problem with these wallets coz these wallets should not have any transaction with gambling coz im gonna get banned. This is scary.

Yes, I do agree with you Mr. itsmarkoc. Because I do the same. I have three wallets, the blockchain wallets and the coins.ph wallet which is the wallet here in our country since using this wallet is my only way to buy bitcoins because I can't buy bitcoins directly using blockchain. After I bought bitcoins in coins.ph I transferred it to blockchain since transactions using blockchain are mush faster than transaction in our country's local wallet.

I use two wallets fist wallet is online wallet ( bloctrail) and The second wallet is offline wallet (vanitygen), remember never put the eggs on one basket always becareful with your money.

Hi, upon reading you comment, I've found out that you are only using blockchain wallet? So I guess you don't buy bitcoins? Because what I know is that you cannot buy bitcoin using your blockchain wallet?  I suggest you should try creating new bitcoin wallet in websites or companies available in your country so whatever happened, you still have another wallet.:)

I use 2 wallets to store my Bitcoin. One of them is a coinbase wallet and the other one is my ledger wallet. Coinbase is for my phone and quick transactions and my ledger wallet is for long term saving.

I am using three wallets at the moment alternatively I have my bitcoins at various places as an investment so basically my bitcoins are diversified. I haven’t used any offline wallet so far but I am going to try it soon. My major wallet is with a service provider where I store my purchased bitcoins, I rarely keep my all bitcoins at one place and especially after such incidents of wallet providers hacking news I will stay refrain from keeping all eggs in one basket.

Right now I am using 2 multiple wallets 1st is bitcore and the one is a wallet from exchange platform. I keep it for awhile in the exchange it is because I invested there in different altcoins and once I multiple  it for 100x I'll transfer it to my wallet in bitcoin core. that's it very simple. ;D

I'm using three wallets as well. I have an offline wallet which I store most of my coins for convenience, an online wallet which I receive my coins from various services that I do including the signature campaign and I also have another online wallet which is from an exchanger but I never leave any coins there overnight. I only put in coins whenever I am to use them and after I'm done, I withdraw the coins.

I actually have 4 wallets- two for long-term storage and two for short-term. I like splitting my cold wallet up as it reduces losses if one is hacked, and the other two are used for everyday transactions. The way I see it, the more wallets, the more recovery codes you need to keep, but the more security you'll have.

I use multiple bitcoin wallets because I have some of my bitcoins on online wallet and for that I keep them in different wallets for the security and also I have doubt that if an online wallet go down for a while then I will not be denied from my bitcoin in any emergency.

a lot of people use different wallets just like you though i dont see the purpose for that, i think it is just better to use one address because it is easier

never strored online too much it could hurt you later ,
we can not believe anybody online ,
using bitcoin qt are the safest and anonymous way to store your bitcoin ,
only fill the online wallet with a daily use amount.

Yes, I use multiple bitcoin wallets to store my bitcoins. I do it for a number of reasons. For one, it helps me keep track of/budget my coins. I have several online and offline wallets for savings/hodling, a wallet for miscellaneous spending, a wallet for gambling, a couple of wallets that I use for receiving payments from various sources, along with a few more wallets I keep for specific purposes.

Also, having my bitcoins in various different wallets both online and offline means that I can't lose all my bitcoins in one fell swoop - either from someone hacking my shit or from me being careless.

I have several accounts in different wallets, but to be honest I an carrying out most of my transactions through one of them, because I prefer to keep things easy to avoid confusions, although my other wallets could be helpful in case that my bitcoins and transactions grow.

I have no big amount of money to make mutiply bitcoin wallets, but i know that people with good money doing it to save their money more safty.

Of course who doesn't now a days with all the wallets being hacked into.
It would be foolish not too!  ::)

Having multiple wallets is one thing. If you are worried about hackers, then you should point your focus at security of your computer and securing your wallet files with a strong passphrase. If you are really paranoid, then you can even choose to encrypt your wallet files on top of that.

Yeah right, I personally use three different wallet is blockchain.info, electrum, and Coinbase then split my bitcoin. to avoid unwanted things. and most importantly do not store large amounts of funds in just one wallet providers especially in the exchanger wallet.

Another a new experience I learned from you, the point is to break your amount into some partial and reserve some wallet with different purpose and usefulness. and it gives more level security if you getting a crime in once of your wallet.

as for me, i use multiple wallets for many purpose,like xapo and coinbase for spendable amount since i dont controll the private key i think it will not safe if we're storing high amount out there.
The alternative is blockchain,info and for storing high amount i use paper wallet and it's for long term investment purpose.

It doesn't matter where you keep them in addresses I mean because if one bitcoin address could be hacked then all of them are at risk.

You know I still use a Xapo faucet, so I have a Xapo wallet.  It's a complete time-waster but I'm somewhat addicted to it.

All my coins are held on my phone.  My primary wallet is Mycelium, which is great and I have no complaints with.  I also downloaded that bitcoin wallet for Android which is very similar to the LTC, DOGE, and Dash wallets.  I don't know how good that one is, but I'm pretty happy with all of them.  I don't keep any coins on Xapo, because I don't trust them enough to do so.

I used to use the blockchain wallet but don't anymore, and also that inputs.io (?) wallet.  I'm staying away from web wallets.

I have 2 bitcoin wallet to store my bitcoin, the one is to received the bitcoin from signature campaign and other source of my bitcoin earnings and the other one is for online transaction because it is very fast to confirm my transaction made.

Lately there have been a lot of hacking or just lies that they have been hacked. This will grow more if the price keep increasing. Seeing a lot of money in it, bad intentions will be there. We have to keep our money safe in our own ways. I am starting to get scared with my bitcoin wallet too. You dont know what could happen.

Not only bitcoin wallets i prefer to use multiple exchanger also which is quite necessary to minimize the potential loss by the hacking event. Just like how many have lost their bitcoin in bitfinex hack yesterday.

I see that almost all the posters here do use multiple wallets to store their bitcoins.
I do understand the need in terms of security and the "don't put all your eggs in one basket" thingy but I still prefer to use one wallet only.
Why? Because I tried to use multiple wallets before and I must admit that I got confused.
Too many accounts with different passwords and passphrases and recovery emails. I never got used to that.
But however, I can say that it's okay for me to use one main wallet only because this wallet I used is based from my country.
I mean the support is easy. And I know where their office is. So, I think it's just okay.

You are not a gambler right?  :D You will see why a lot of people here are also using many wallets for gambling purposes also. Some are for safety. A friend once told me "never use your main wallet for withdrawal or deposits in gambling sites" I think it is about the hacking issues also and to prevent knowing all profile about you.

Yes, i have many wallets for store my bitcoins and i also have many addresses. I have many bitcoins wallets because i want seperate my money, like 1 for gambling and 1 for any else.

Usually I use only one wallet when storing my unused bitcoin, but if you count those BTC  am trading, sure I use multiple exchanges wallet to store my Bitcoin for trading, well, we can't avoid it since if you are an active trarder you will have different exchanges to trade to and making it more wallet to store your bitcoin for intended trades.

People leave their phones on trains and buses and park benches all the time.  I'd suggest shifing some off of your phone to a more secure location and just keep some day-to-day funds there.  Buy all means keep a few BitCoins on your phone, but not all of them.  (Would you carry all your cash in your wallet?)

i use some different wallets also just because to have more safety if one wallet gets hacked or something like that

I use a lot of my wallet to ensure privacy. because I believe in the existence of some wallet will make the money I have not seen by others.

a wallet could contain so many address and wallet is definitely different with an address,and as you say if people are using various wallet but keeping the money in the same address or even using that address's privkey in various wallet,it's the same or i say such a useless effort

you are indeed a true friend and very precise. Because I sometimes less comfortable against the wallet that I have, so I have to change or have some purses to make sure that money that I have perhaps safe from hackers. Because there are some cases which deals about the leaked bitcoin wallet or hacking exposed

i dont see why people are actually using that much wallets i just have one wallet and it is definitely enough for me

yes I do use multiple wallets right now because its just  bit safer than normal, if you spread your bitcoins in different wallets its safer so if you wallet get hacked they will only steal a small amount of bitcoins.
Its just a sort of security measurement to be sure your bitcoins are secure and safe.

if a hacker steals your wallet file and manages to access your coins, then it means that you secured your wallet file with a weak password, or maybe you didn't had a password at all. always make sure you use long passwords with random symbols to secure your wallet files. that way a hacker won't be able to steal your coins when they have your wallet files.

what ever password you put, if the hacker hack your computer and steal the passphrase of your desktop wallet then you can do nothing, So it is upto you that where you keep your wallet,

I am using both desktop wallet and online web wallet, desktop wallet for investment that i use it only for storing my Bitcoins for future expenses, and i keep that wallet in a pendrive and when ever i am in need i use it on clean computer and as soon as my work finish i just uninstall after taking backup in pendrive. That way i am secure

Web wallet i am using for my daily work as i am using coinbase and their security level is very good, as soon as anyone uses my wallet on new ip they will first check with sms code and after that email confirmation, so in this two way i am fully secure.

I have my hardware wallet which I ordered recently and it is the Ledger HW.1 and saying the truth it looks like a cheap USB but in fact it holds bitcoins and it does it job simply and good enough. I'm using it as a cold wallet so for me using more than one wallet is good because you see the potential of other wallets as well.

if you have a clean (virus/malware free) pc, and you then have set a secure password for your wallet file, then no hacker will be able to steal your coins if your pc gets infected afterwards.

Of course all of us use more than one wallet.
It caused by safety, fees, and bussiness.

I use more wallets and I also use multiple addresses within one wallet. It's good to be careful and not keep all eggs in one basket, let's say so. I never had big amount of coins but you never know what can happen, hackers attacks are very often, so we have to pay more attention to security.

I use multiple wallets coz it's just safer to spread your assets(not only BTC) .

Yes i used multiple wallet because i feel safer and more organized, and also i can manage my coin easily, i store my gambling coin in 1 wallet and 1wallet for my investment, so i can limit myself in gambling and i can see how much i make in investment

I usually use one address for each transactions. I heard that is safer to use multiple address. It is also more clear.

it is ok to just use one address. if you have reoccurring payments to receive like your salary or signature campaign it is easier for the sender and also kind of safer, since they can not make a mistake by sending it to the wrong address. using every time a new address makes it harder to connect those bitcoin to you, so basically you get a bit more anonymity.     

Really?  I am loyal to my bitcoin wallet so I only uses one. ;)  But that was a great idea to keep bitcoins.  I just do not want to be paranoid and being negative that is why I uses only one.  I believe that my bitcoin wallet is secure and there is no way they could hack my bitcoins there.  But yes, just to be safe, I might do it as well. 

No, i'm not use multiple bitcoin wallets to store my bitcoins, i only stored my bitcoins in 1 wallet but i have many bitcoins wallets and it's not for store my bitcoins, i only use 1 for that.

I only have 2 bitcoin wallets,this is my primary used and most of the time i do my transaction in that bitcoin wallet which is (coins.ph) and the other 1 I use it to received my earning in some method that i gain (xapo wallet)

I also use a ledger HW.1 as my cold wallet. My friend got a limited edition one and persuaded me into buying it. I believe that it was a very good investment on my part. It was, and is, probably the cheapest hardware wallet that you can get that is still performs very well. It doesn't come with many features but it gets the job done and that's all I need it to do. So if you are looking for a budget hardware wallet, then you should take a look at the ledger HW.1.

Yes, and this is a wise thing to do. Always diversify your holding by putting them in to more than one wallet if you are holding some serious money in to bitcoin. However, if you are holding a little amount of bitcoin, it makes no sense to use many wallets, Instead use a time tasted wallet like coinbase or blockchain.

I am using more than one wallet for both of my bitcoin and altcoins holdings. Even if your one account is compromised, then you can at least recover some from your another account.

Yes ofcourse.For my vew storing in different wallets online is better.So if one of your account been stolen you will not lose all your bitcoins and still goung to have some spare to recover.

Not really why? because if i m going to use many bitcoin address i need to write it done to my notepad so that i can easily know where the bitcoin address for and its hard for me also to do that things my memory is good in memorizing

whether you're using different address for every transaction it's actually doesn't matter if your wallet just got hacked since i believe that every address that you generated belong to one address,it's indeed safe if the one that get stolen is privkey not the wallet,but if it's the wallet then no way it's safe

I agree. lot of wallet make you confuse which one is your main wallet and other is side wallet. But if you are really in a long time in bitcoin you realize that you need a lot of wallet to earn more purposes :D So thats why then you can memorize or find what is your main wallet and other.

I have most of my BTC in a "warm" wallet where the private key is encrypted with a strong password, but is still on my computer. I rarely open it.
I have a hot wallet on Mycelium with about $15 BTC at a time for quick and small transactions.

Its kind of bad decision to keep bitcoins in a single place as most wallets get hacked...... ::)

No I use only 1 wallet because I have very less amount of bitcoin that is I have only 0.03 btc now so I m happy with 1 wallet and having too many wallet makes me confused and my mind get lost in somewhere else. But i do have many other wallets such as paytm, freecharge, oxigen because they have many offers on mobile recharge.

It depends on the wallet really. For instance there are wallets before you open the app lets you ask for a pin before accessing the wallet. And also when you log in into their pc site will send you a text message containing a code so that you know you are the only one who can access your account. For me having a multiple wallets is much dangerous to keep track with.

IF you want to make sure that your bitcoins are safe you need to make sure you are using a good wallet and trusted off course because allot f wallets are just a scamm!!

so far i just using blockchain as my wallet

I use some different bitcoin wallets and the reason is that I want to learn about all of them so That I will be able to know that which one is best for me.

I use only 1 bitcoin wallet to receive coins but always keep offline backup and paper wallet of this address for safety reasons because we don't know when out data can lost accidentally on laptop.

a lot of people are doing like that for selecting a good wallet for their use, I also in the start started to join different wallets so that I  know that what is the good bitcoin wallet.

Nope, just used Bitcoin Core or Electron bro (the best and safe wallet for me)

I am also using multiple wallets for my Bitcoin because I think that it is allot saver to split your Bitcoin and not store them in one wallet.
Splitting them is better because hackers are active and with multiple wallets they cannot take everything.

Yes and having multiple wallets will minimize the risk of loosing bitcoins, as if you save all your bitcoins in a single wallet and if anything goes wrong with it in future then you will loose everything that you have.

well for me i use just a wallet account..and thats blockchain and feel its save for me...and convinient for me to use....anytime and to store my btc..widely recognise here in my country...

...

It's just smart to have your BTC spread around some...  Especially if you use online wallets.  I just keep pretty small amounts in my online wallets, and put larger amounts in hardware wallets Trezor or Ledger.

Another advantage to using different wallets is that you eventually find one that you prefer over the others.

I don't have enough bitcoins left with me at a moment so I am using only multi bit wallet, but in future if I would be holding enough number of coins then I will surely go for multiple wallets.

Take this as an advice: Don’t do it. There are some reports that some blockchain wallets were stolen.

If you really need to put only, split the money into some wallets.

And take a look about any hardware wallet, like Ledger.

I keep large number coins in ledger wallet and some on mycelium,electrum and blockchain. i only open my ledger wallet whenever i want additional coins for purchases.

I'm using multiple Bitcoin Wallets ranging from desktop wallets to web wallets such as Coinbase and snapcard to store my bitcoins. I don't prefer wallets that change your bitcoin address every transaction because it is confusing to use since I didn't know whether or not if we can use the same address every time.

Wallets being hacked is mostly due to bad security of the PC people are using, or in certain cases that people don't use a password to secure their wallet backups.

Some people even have a bait wallet (unsecured wallet backup with a certain low amount of coins) to see whether or not their PC is hacked. It's no guarantee at all, but it helps a bit.

The Wallets which change address with every transaction, the previous wallet address can be used again as it is permanently associated with that wallet.

i never heard that there is wallet that every transaction its generate new address again.. this is just like in coinbase but not for every transaction its automatically generated.  daily or weekly..

i have used maybe all of the light data wallets like bither,electrum,blockchain.info,coinbase,mycelium i liked some of them and some of them i don't well i belive that bitcoin core is too heavy for me to use and i do not think that i can download 80gb just to make a dam simple transaction

Yeah there is no any problem in using that wallets which changes the address for the member after transaction to that address, just like xapo and I like it more because with that we do not need any bitcoin mixer as it do that work for me.

in present time i am using a single bitcoin wallet, actually i do not have much amount of bitcoin so that i can use multiple bitcoin wallets for security reasons, as one bitcoin wallet is enough for me in present time there i am not using multiple wallets.

Maybe he got confused about the blockchain confirmation page work. So many different wallet address that he might often see multiple transaction on just one confirmation. I also had that mistake at first I thought I was scammed but when I saw the tranasaction link I saw that the receiver is still waiting for the transaction to be confirmed 3 times before pushing through the sale.

Yes, I actually use 2 bitcoin wallets. The one is on blockchain and the other one is on a local bitcoin wallet. The local Bitcoin wallet enables me to avail services online, there's some in the wallet website itself. You can pay bills, as well, on their website. I put some of my coins to another Bitcoin wallet and I won't touch it until the Bitcoin's price increases.

It depends on how many bitcoin do you own. With low amount you don't necessarily need secondary wallet. But if your bitcoin stash is growing larger, you may thing about splitting your btc.
That will be good decision from security point of view. Also if you are using full validation wallet a good combo is to pair it with SPV local wallet or online wallet for fast access to your coins.

I used only used one bitcoin wallet in storing my bitcoin. Yes! Multiple wallets are good and safer in storing bitcoin but for now i would prefer to have one. I dont really need multiple wallet its beacause i have only low amount of bitcoin i own. But if my wallet are being hacked and all my bitcoins are stored their then it is my fault.

Also having 3 wallets, you might end up in confusion of your passwords, pin, and other verification process which is dangerous. Also if you are talking about safety you definitely must have different passwords in your 3 different wallets which you might end up mismanaging it as I myself right down my passwords and pin for every account which is dangerous for leaking information.

you are right . we can't trust one single thing . but we can use single wallet of bitcoin  which is official wallet . there is no risk to loss bitcoin . because it is official trusted online wallet .

Actually right, just for the little amount, are not need for making a multiple wallet for saving them, except if you're really love with your bitcoin, dude. the purpose of using multiple wallet for breaking your big amount into some part of amount.

I would say it makes sense to store your savings in different wallets.
Of cours, they have to have all a same level of security.
So if one gets compromised by any reason, not all the funds you posess are gone.
But I do not think this is necessary for lower amounts.
Personally I have a few wallets, yes.

Nope I just use only 1 wallet that is official one from blockchain.info
And i have no trust in other wallet so i use only 1 wallet. And also I have only 0.03 bitcoin andv I don't care about that much less amount. Now i am just learning bitcoin and very soon I will be a bitcoin millionaire :P ::)
I wonder when bitcoin wallet is secure so why people keep using so many wallets even some of which are scam and could run away with money anytime

True, theres no sense  on having  multiple  wallets  when you have only a small amount of  bitcoin. Multiple wallets would be only ideal if you posses huge or large amounts so that  you could  able  to partition  it  to lessen the risk  of being complete broke when   one wallet   have a  problem.

Same here, mostly people use multiple wallets for security reasons so that they don't have to pick up a complete loss of bitcoins if something happens to their wallet but as i don't have a lot of bitcoins so i'm not splitting my coins right now, if in future i felt doing that i surely would.

Yeah if you have small amount of coins then its good to go with a single wallet instead of going with multiple wallets as there is a chance that you may forget password in having multiple wallets.

I have very limited amount of bitcoin that is only 0.18 bitcoin do I think for this much small amount I don't have top user multiple wallet and all my bitcoin i had invested in yobit for trading with cryptocurrency to make my extra profit with cryptocurrency. If you want you also can come to yobit for trading you could make much profit by trading.

Well, I use multiple account actually. So that I still have other reservation to keep my bitcoin wallets. For me it is very safe and secure if I do that by myself actually.

Exactly small amount don't need a multiple wallet, but mostly members have a lot of amount of bitcoins, so that's why they refer to multiple wallets. Also i don't think that forget password doesn't matter, because now in that time, we have a a lot of work doing in laptop and i think all our accounts, and files have a password. So if we have multiple wallets, so forget password it doesn't happen. 

Not multiple wallet, but multiple addresses created by bitaddress.org. All addresses are stored as paper wallet.

I am also using more than one wallet to store my bitcoin. And to be more secure, each wallet is being verified by different phone which do not have internet so that nobody can even hack it.

Same here, I use multiple wallet too, from different exchanges LOL j/k,  anyway i use electrum, multibit light wallet, and android wallet for my phone, but i would only use one if only there is an online wallet as secure as offline wallet where you have full control of your bitcoin once it isin there.  Im not a fan of webwallet, i don't know but i don't feel like keeping my bitcoin in it unless there is an important transaction that needs it.

iam use multiple addres
because i want savety in my bitcoin and very fast transaction to my client

that is good too but since i want to spend from my coins too, i don't find this method so usable for me. that is why i have multiple wallets. one is hot and in use when i deposit and spend from and another one is cold and is always out of my reach and i only add to the balance of it.

Most users prefer using more than one wallet, based upon the different usage people prefer the one which is convenient in terms of accessibility as well user interface.

I personally have my coins spread across a few wallets, but nothing too major overall. I have it spread across something like two wallets in total, and I just have copies of those wallets in place to make sure that they're secure.

It would probably be a good idea for me to spread it apart more, but that's something I'll have to do eventually.

I'm only using one bitcoin wallet per account that I have own here. I think using too much bitcoin wallet accounts might just ended up you to forget the other bitcoin wallets passwords, just my opinion. Your bitcoin will ended up for nothing if that happens but I think it has some recovery key for you to change your password again if you forgot the first one. And using the same bitcoin wallet with many bitcoin accounts here will just put yourself into trouble because you might get banned and your account will be wasted.

the same for me, in this way i manage to save up my money in a safer way so i dont lose it

I use several wallets because in the worst case I dont wanna lose all my funds, some are onnline and some are hardware wallets.
If you know anything about the history of bitcoin sometimes some sites close for no reason and therefore part of your funds if not all.

Yes I am using multiple wallet by both meanings, i.e more than one wallet in a single PC wallet "Electrum" and both electrum and multibit together, I find this easier to regulate rather than running one and having sending and receiving mixed, I don't know if it's more secure since your keys would be compromised if your PC is hacked etc...

I do make use of multiple wallets because it is allot more save if you have more then just one. If you somehow lose that one wallet where you have stored all your Bitcoin, then you are screwed.
Have multiple ones so that you can guarantee that you are somewhat save.

Well I don't think that it is safe to have many online wallets. If the website gets hacked then you are kind of screwed. Unless you use Blockchain.info. I recommend using a software or hardware wallet for more secure storage.

Ya just like you said,actually i really like to save my bitcoin at only wallet.This is because i get many advantage from online wallet.But after the incident that the bitcoin was stealing from online wallet,i feel scare to save all my bitcoin at online wallet.For now,i save a few at hot wallet and a few at blockchain wallet.

Yes, online wallets are not for long term and with big amount of bitcoins. The best use of an online wallets must be when we are using it as hot wallets for daily expenses, for an example.

You are mentioning about blockchain.info as an exceptional online wallet, is only valid when the user backing up his private-keys properly. Because I do see many people are not aware of exporting private-Keys and backing up.

For daily expenses it's better to use a light weight wallet for people not willing to use a client such as core that downloads the entire blockchain. That's much better than using online wallets. You'll be in control of all your coins, which isn't the case when you use online wallets.

I have two wallets.

A blockchain wallet for my every day use. and then a paper wallet for my savings. The paper wallet is printed and saved in a vault. It contains all my bitcoins, whereas the blockchain wallet only contains enough to go by.

yeah it is better to more wallets because it is allot saver encase you lose one wallet you still have the other once.
If you store every Bitcoin in on wallet and you lose that wallets you also have lost all of your Bitcoin.

I have just two, but i don't use them for storing a lot of bitcoin as i dont have a large sum of bitcoin recently to store them in different wallets for safety, so i just use those wallets for daily transactions mostly for recharging my mobile or for exchanging them to fiat sometimes.

Yes ,It's a must for me it lessens the risk of losing all my bitcoins if got hacked or i forgot its password . I use 5 different wallets to store my bitcoins it is not big amounts but i surely use for my security purposes .Also it will be worth it that i have 5 multiwallets i am hoping that i will use it in the near future when i have many bitcoins to store .

having more then one wallet makes sens, since you can reduce the risk of losing it all for whatever strange reason. but having to many is not helpful and makes you more work then it helps you.

I am poor fellow I have only 0.04 bitcoin in my wallet so i have happy with 1 wallet only. I think all his will help me to learn how to earn bitcoin. Now i am doing only trading and I had suffered 0.01 btc losses. So i am less interested in bitcoin.

use a lot wallet will multiply the fee would you spend .. and it was very detrimental to us ..

Yes, sorry. I messed up my wording. It is a collection of addresses, not a collection of wallets :P.

I know what you mean,  i usually split my bitcoin over multiple paper wallets which are far more secure.....

I don't think the fee for having a lot of wallets is very high because for me that is just only a very small portion of your earnings or amount that you are going to send to someone. But for storing my bitcoins I don't use multiple wallets because that is going to be a waste of time for me, so I am sticking to one bitcoin wallet only.

i had created wallet in blockchain, mycellium and xapo but i use only one wallet that is blockchain. other wallet i   had created due to force and compulsory. I love blockchain dur to its extra security that is little tougher to crack than xapo, and mycellinium.

You know don't know where to use right ? some people are using multiple wallets but not because they want too but because they want to use it for gambling and another purposes like investment maybe its so hard for me to use multiple wallets maybe if i had so much bitcoin to save.

I have many bitcoin wallets but i only use 1 bitcoin wallets to store my bitcoins. Because it's more easier than have many wallets to keep our bitcoins.

I have different bitcoin wallets from xapo, blockchain, coinbase, a web wallet from our country and mycelium wallet because I'm a mobile user also, But my main account is mycelium and I use my other wallet to send and receive with small amounts of bitcoin and to receive it from gambling sites from their promotions or giveaways from this forum.

You have to only use wallets that you can trust.
I won't make any sense even if you split your money to different wallets but you forget their credentials later on.
In the end, you still lost your money.

Yes. Multiple wallets multiple uses/sources.

Not interested in bitcoin just because of a 0.01btc loss? Come on! Try to grow your patience level a bit more because this is internet, here everyone get scammed or pick up losses and people loss more than 2 or 3 bitcoins sometimes and you lose just a few bucks. Don't think about that but think about the time coming ahead where you will own way more than what you have now and then you will have to use multiple wallets for saving your coins.

I used multiple bitcoin wallet but our local bitcoin wallet is much usable for me because it has more services offer that can make your life easy. And also easy to cash out.

Agree with you, even in the one wallet we can make many address which can be used. But there are some people with a specific purpose using more than one wallet. What do you think ?

I never want to use other bitcoin wallets because there are allot that cant be trusted you know the most commend used is blockchain and that is the only
one i trust so other ones can kiss my ....

I dont want to use bitcoin wallets and that is because my wallet was empty when i stored some coins on it and from that time i am only holding my coins local on my hard drive
never using bitcoin wallets again!

I have many Bitcoin wallets but only selected few of them contain BTC, I'm someone that is brand loyal once I found a service good and secure enough for me I stick with it and I don't see the need to spread my BTC that much

I dont want to use bitcoin wallets becuase i dont trust them you know i want to store my own coins local and that is why i am never losing a coin again
some people are getting rid out of their wallet.

I have only blockchain wallet registered in. I read review of this wallet. People have said this to be well secured. They say we can have so many accounts linked to this particular wallet alone. They do not charge much for it. It says once an address is used for either transfer or withdrawals, a new address is generated for the same account so that we can have a track of how much we have saved. Good place to be part of. Thank you blockchain.

I too do the same and keep in different PC wallets, I think it's relatively safer and the possibility of a program closing or crashing in the same time, Although if your PC is compromised then all of them are at risk unless you are securing them with a password and keep the keys encrypted.

I think it is safer to distribute your coin to a different wallet, putting all of your coin in one wallet is not recommended, plus using multiple wallet going to give you knowledge about the advantage and disadvantage of different wallet, and by using different wallet you are going to have better coin management

I still use online wallet, and I didn't think in using PC wallet, but after the last hijack of Blockchain DNS I changed my mind, I decided to save the greatest amount of my Bitcoin in a PC wallet, and will keep some coins in Blockchain for the important deals. I think this is the best solution to avoid losing my money.

Yes I am using multiple bitcoin wallets to store my bitcoins because I do not like to put all my bitcoins in one place as I do not want to lose all my bitcoins if any place get hacked.

Smart guy. If you have big amounts, that's the best way...
Well, multiple paper wallets sounds a nice way to keep you money safe. I think one Bitcoin in each wallet is good enough.

I think it is not only smart but mandatory to use more than one bitcoin wallet. I also had to join another api today because one program on internet is launching and I need to use this api for storing my btc for this new program, so always adding more processors, apis and wallets lol.

I have four different online wallets,But I am using only two wallet as my main wallet for sending and recieving transactions. My 2nd wallet is for giveaways, lottery wins, and my winnings for gambling. my other two wallets are inactive cause i dont have a purpose to use them.

yeah I agree with you in addition you will gain knowledge about the wallet you will also get a higher security when using many wallets, I think not a problem to be confused because it has a lot of purses, at least you minimize the risk of losing bitcoin

Yes, i do use many different wallet to store my bitcoin. It is more  secure than using only one wallet. If someone hack your wallet which contains all of your bitcoin, you might lose everything. You can prevent this situation by split your bitcoin into many parts and keep them in various wallet like i do

I used 2 wallets they are jaxx.io and mycelium, actually for bitcoin's wallet i just used mycelium and jaxx.io be used for altcoins. I could made sign massages on mycelium wallet and i could saved many altcoins on jaxx.io. between jaxx.io and mycelium there are deficiency and advantages.

Of course is better to use at least two wallets for keeping bitcoin, it's really safe. Why not if its not so hard to do it and it's working.

I do believe in decentralization and don't put all the eggs in same basket. I am using at the moment four wallets for different tasks from storing my Bitcoins though the quantity is not very big but for me it is. For gambling purposes is separate wallet and for money transfers and other things to deal is totally different wallet. I don't mix them up with one another.

yeah , but still with single wallet you can create multiple adress and then by saved its private keys in a safe place you can make a better safest wallet . and your btc will not go anywhere . you will manage it safely .

Yes I do use multiple bitcoin wallets to store my bitcoins as it can diversify the risk of loosing them, as may be I can loose them with my own mistake or may be hackers hack my wallet, so its better to put them at different places.

I don't know why some people use many wallets.i am satisfied with blockchain wallet. i feel total secure work blockchain wallet because it's official one and other wallet makes me fear of scam. i know they will definitely scam asu some stage.

Not sure if you have heard it already, but blockchain.info has been in the news recently as hackers gained access to user accounts. This just shows that nothing stored on the internet is safe. That's why you should always have your coins in your PC instead of having a third party control them.

No i love blockchain and i use only 1 wallet to store my bitcoin. Yes i have less bitcoin but even if I had much more amount then also i would have used only 1 wallet. It makes me happy when i see huge amount in 1 wallet then to see separate wallets.

I stated by using blockchain.info wallet as that time it was sufficient for my needs and for a good period of time I was having only wallet which is online. Later on I also downloaded desktop Bitcoin's wallet to have main funds in my own possession. I secured my wallet with every necessary actions and these two wallets are in my use.

Yes! I used multiple accounts to store my bitcoin. It is because I want to secure it perfectly, I am much confident and had a peace of mind too if I'm the one who manage and taking care my own bitcoin.

Every smart people should have different wallet online, that is to minimize the risk as we cannot see the future, it could be stolen and all our investment are gone, you do not call it a savings instead so it is just good to diversify it.

using multiple bitcoin wallets is not really "being smart" you can have only 1 bitcoin wallet and be the safest possible. i believe you should call it paranoid instead of smart.

making a secure bitcoin wallet which is always offline and stays that way is not really hard, and i am talking from 2 years of experience with having only one bitcoin wallet on an offline linux system.

I am using only single wallet at a moment as I don't have enough bitcoins with me so it doesn't make any sense to use multiple wallets but in future if I can manage to have more coins then I would go for multiple.

That means u dont use your bitcoin. For those who use bitcoin regularly, needs to wallet... one online and one offline.

I am using a single wallet at this time,which is block.io because i like its simplicity.No need for me to use more that one wallets because my bitcoin earning are really low and i am not even able to fill my single wallet with much bitcoins,may be when i earn more then i will use another bitcoin wallet.

Well for me you don't have to even have offline wallet because that is just going to be applicable if you are going to hold a lot of bitcoins to be stored with your offline wallet. But for me, using online wallets are already helpful and I do use multiple wallets so that I am able to allocate my funds for paying my bills and just for saving.

Block.io can only be good for small level merchants and i don't like to use them as web wallets for daily life. You can take a look at blockchain.info , coinbase.com , xapo and electrum wallets which are meant to be online wallet and block.io is better for merchants to accept payment from customers.

yes there is a lot of people are using multiple bitcoin wallet for securing their bitcoin and i think it very good way to make a multiple bitcoin wallet so then no one can be hack our all bitcoin from our bitcoin wallet .

Yeah of course I make use of multiple wallets because at this point you have to do that in order to protect your Bitcoin so that you cannot lose them all at once.
If I now lose one wallet it is not going to hurt me as much Because I still have some more.

Yes, I do have multiple Bitcoin wallets but I didn't do it specifically to store my Bitcoins. The first Bitcoin wallet that I'm using is a local one and it allows me to buy this and that from services that is available in my country. It also lets me top up my phone, the conversion into my local currency is also shown.

Behind all these awesome features, the wallet website doesn't let me sign a message with my address. We tried talking to them about this and they only said something like "Sounds cool!" so me and my fellow Bitcoiners had to create another wallet on Blockchain to sign a message.

Yeah because the "need" is the one which really dictates it. If you feel like you don't need multiple wallets then don't do it.
It just happens that you need to somehow secure your coins (because you have a lot of it) so you had to make many wallets.

I am happy with blockchain official wallet and i use only that. Other 3rd party wallet are trustless in my opinion and I can't take risk of my self earned money. But due to force i had once created xapo wallet but never used that.

I don't have mush money and maybe that is why I feel safe using just one wallet. I am also not aware how often people hack the passwords and get the money. I thought that most of us do very complicated passwords, so it is really hard for some program to steal our Bitcoins.

yes of course, i use multiple bitcoin wallet too like other people, because i remember the sentence "don't put all of your egg in just a basket" so i split my all bitcoin in multiple wallet.

to me as i have a good amount of bitcoins that i mostly invest in alt coins, so for security purpose i have to use multiple wallets so as to keep my bitcoin safe and out of reach of hackers.

I do. I'm using dozens of paper wallets to store my Bitcoins and I feel WAY safer. It's there in my home somewhere hidden which makes it impossible for hackers to find them. And I don't think thieves in my country really know about Bitcoin :D

I currently use a few wallets to store my Bitcoin, however it isn't really anything excessive and it's only something like one or two for right now. If I really wanted to I could easily set up and split my Bitcoin among a ton of different wallets, but I just don't want to do that right now.

You need to make use of multiple wallets because if you manage to lose the wallet where you have stored all of your bitcoin then you are screwed because you have lost them all at once.
If you have more then one then you can spread the bitcoin if you lose one you still have some left.

Went through a spell where blockchain was no longer allowing my old computer to connect,so I had to find a go between till I got my new computer.
Think it is not a bad idea to have multiple wallets,find some are better for me on my cellphone when I am hitting a atm. For some reason Blockchain does not feel smooth to me when I am operating it on my cell,so I use mycellium and everything appears to move quicker. Might just be I am struggling to learn the new blockchain or a perception biases.

Like the bitfinex's cases, I don't think a lot of their member are online at the time bitfinex are gonna get a hacked by someone. online or offline need more researching about the wallet of bitcoin have you used it. but if using the offline wallet I think that is always secure in your wallet online or offline.

No I do not use multiple wallets at the moment because I already have a good paper wallet and that is already a good secured one so I do not want to spread my BTC.

Using too many wallets would really confuse  you and  might able to forget some  of it and  would lost  bitcoin for sure but its  somehow ideal  to use  multiple wallets  if you have  lots of bitcoin  but  if you do only posses a few  theres no sense  on  making  another new wallet.

Bitfinex is not a wallet. It is an exchange site. And leaving your coins on the exchange sites is not a good practice. Those people who treats their bitfinex account as wallet should have learned their lessons by now. You need an online wallet so you can spend your bitcoins easily, which is good for bitcoin economy. Most of your bitcoin should be in your cold wallet.

I have only blockchain wallet registered in. I read review of this wallet. People have said this to be well secured. They say we can have so many accounts linked to this particular wallet alone. They do not charge much for it. It says once an address is used for either transfer or withdrawals, a new address is generated for the same account so that we can have a track of how much we have saved. Good place to be part of. Thank you blockchain.

Yeah right its not good to stay your bitcoin the same as in bitfinex that can be collapse in the future.. for me i use electrum to store my bitcoin for a long time because i can backup my private keys and password that i can install it to other wallet if i needed..
And other online wallets like coinbase for my small transaction so they cover the fee for transactions..

Me too I have only my blockchain wallet because I had used before xapo and coinbase. But upon seeing there interface and the way you are going to log in I am taking a long wait and logging time for it that is why I already stopped using them. And for me block chain is the most user friendly bitcoin wallet of all time.

Yes i use xapo, mycelium, coinbase, and blockchain. It is to prevent losing them all in an instant. If you have big amount of bitcoin it is preferred to do it because thieves will get attracted to your wallet if they saw you have big amount in your wallet.

I use only Electrum to store my bitcoin. I dont care about the security at all since I send only small amount to it. Whenever I got lucky and had the big one(0.1BTC considered as the big one for me) I will convert it to my local currency. Thats the best and safest method for me to avoid something bad with my bitcoin!

I have only trusted blockchain.info till now , have used xapo before but left it after seeing lots of issue people got after holding high amount of bitcoin regarding their KYC policy. But i know it is not safe to store all bitcoin in any wallet however i don't trade much bitcoin and for cold storage i am using paper wallets.

I'm using blockchain.info and Xapo too, but never experienced any problems with Xapo as i use that for any small transactions like mobile recharges or any other small transactions, i actually dont have too much bitcoins so i dont really need a lot of wallets to split them in parts.

A very simple rule you follow in Financial world needs to be followed here.

As you do not make all investment in one basket and diversify your portfolio same rule apply here as well so having multiple wallets.

I use multiple wallets too. In pc multibithd, on mobile coinbase and xapo. I know that none of the wallets secure 100%. So i divide the risk with using multiple wallets.

right now I only using blockchain, I like blockchain since it provide simple and easy feature, and I know it's exchange services so not really safe but till now it's not bad for me.

The blockchain wallet is quite good so far. But it is still better to use your own wallet if you have good computer.

I do. I prefer using more because it's safer. If you're targeted by a hacker and you're lucky enough to get just one of them hacked, you would lose less money. For example, if you got $100, you can spare it in 10 wallets of $10 each and you'd have $90 left then.

But the problem is what if the hacker has an access to your computer, then even if you have 100 bitcoin wallets, he would still be able to access all of them. You just gave him some more extra work but it didn't actually help you.

Another thing is that if you used the same password to these 10 bitcoin wallets, then finding the password of one of them will reveal all the 9 left. Having a different password for each of the 10 bitcoin wallets will be such a hassle. Imagine having to remember 10 combinations of alphanumeric keys, upper and lower case letters, and a symbol. You would most probably forget one or many of those 10.

Yes, I do and it is the wise thing to do. It is not suggested to hold all your bitcoin in a single wallet. You need to have a secret account which you will never disclose to any public forum.

Another account you can keep for trading earnings which will be linked with the trading account. You can have one more account to receive earnings from signature campaign. Once these account will have some good amount, then you can transfer it to your secret account to store it safely. Diversification is always good.

Sometimes i keep my bitcoins from another accounts or from another bitcoin wallets just the reason of i don't want to be locked my bitcoin wallet because if they caught you sending your bitcoin into gambling website or receiving bitcoin gambling website our wallet will be locked.

i use one wallet with multiple addresses.

Yes i do use multiple bitcoin wallets

I use different wallet so if one got hacked, not all my bitcoin will be lost, like they say dont put your eggs in one basket.

Its for safety of my bitcoin too.

nope i use only one wallet to store my bitcoin because I have only few amount of bitcoin that if i store my bitcoin in 4 5 wallets then then each wallet will have pony 2 3 dollar. and i am not so rich that I could use multiple wallets to store huge amount of money.

I am still so poor that I can't afford to store my bitcoin in separate bitcoin because to switch from account to account of various wallets. I am happy and i feel secure with one wallet only that is of blockchain.

I chose Xapo a few years ago and don't regret it because of the additional features released over time.

Once Bitcoin goes up a bit more and remains stable it'll lead me to getting a debit card so I can travel abroad without fear of conversion fees.

In all honesty there's a lot to learn when using many wallets that may take time, but for those afraid of managing it all then 1 good web wallet will outperform all expectations.

People fear that Xapo doesn't provide the keys to each coin, despite this they provide security + full ownership to make up for it.

Same here :) I don't have that much bitcoin to store so I am only using one wallet and that is Coins.ph. Sadly, I have a limit on how much my transaction will cost since I cannot verify my Identity because I am still a minor and I don't have their required ID's for that. So, I am now earning and soon I will reach the quota for these wallet and I am planning to store the excess bitcoin in a separate wallet like Blockchain.io. I choose that because they are likely the same. In terms of security and other features :)

I'm using multiple wallet too, I think it safer than just one where you can put apart your bitcoin.
moreover, there are several options wallet available for that has it own advantages. I'm not a wallet expert, just using two of them like blockchain and xapo.

I use about three wallets one in my phone so I could buy something in the real world with bitcoin, unfortunately it has gone unused so far, another for daily use and the final one where I store most of my bitcoin.

I keep some bitcoin on paper wallets. Some bitcoin I keep on an exchange to use for trading but I don't keep the majority of it on an exchange for security reasons.

I use 3 different wallets because it is much safer (imagine if your account gets hacked u lose all your bitcoin  :'( ) but i use Xapo as my main waellet cuz it is faster

Yes, I do use multiple wallets. Although admittedly some only have a few hundred bits while others, which I use more often would get majority of what I'll use for that week or so. I use 5-6 wallets. One in desktop, one is my local exchange, the others are blockchain, coinbase, crypto-pay and xapo(not much).

As we all know, never put all your eggs in one basket. Really can't be too careful especially with all the hacks going on. Also, I usually only put enough funds on web wallets which I would use for the week or for payments,shopping,etc. Can't hurt taking extra precautions. I've also been thinking of getting a more secure one like ledger or something. Haven't tried/stored in a paper one yet.

Lol I think if you only have a little money you do not need to use a lot wallet, because it will only be bothersome and confusing,
try using one wallet safe enough

using one wallet online is not at all a safe method,you need multiple wallets and make sure you keep the large amount in a cold storage rather than a hot wallet

yeah you can see a lot of events before that some exchange site to be a scam and you should be careful in using the funds in exchange, do not keep too long in the exchange

Everyone should have at the very least a minimum of 2 wallets, a hot wallet and cold storage, even if you don't have a lot of coins you still need two.

Personally i used to try out every wallet released but don't have time for that anymore.
Now i have 3 main wallets, online wallet, Mycelium for phone and good old paper for the cold storage needs.

now I have only one Wallet to store all my bottom. i feel ready with one wallet because i am student and I don't have that much time to switch or log in to multi wallets for transaction. so 1 wallet servers me very well and I don't have too much amount to store in separate wallets.

i think 1 wallet is enough. its up to you though. making multiple wallets is confusing when you know your not organized with such wallet apps/site. just an opinion from me. have a nice day sir :)

I also do like the idea of having more than one wallet. Currently i am using coinsph wallet for cashing out good thing about it is that they do have a feature that connects coinbase wallet which is my wallet for trading. Another plus is that hey also have a mobile application

everyone is already making any organizing for storing the data of all wallet and i think that's will always be general things before making a lot of wallet for storing your funds. ;)

is there any application to do such things? or you just do it manually?

No i also use only 1 wallet , Xapo wallet
Trusted wallet with fast transaction processing.

online wallet? never mind , if you hold a large amount bitcoin any online wallet is never recommended. but well if you stored a little amount only. basically too much wallet could make you confused to figure out which one you are looking for later. but used 1 wallet only not a good decision , as you may face unexpected technical or non technical problem , who knows? so always used two wallets at least , 1 primary and the other to cover in case something bad happened.