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jossiel
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September 27, 2016, 02:44:14 AM |
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People want to ensure their security and due to that they are doing this, overall it is a good thing to do but its not something you can easily do.
You also need a list with all these wallets, and that is maybe a risk because if people gets this list you are also in danger.
You are right about that, people want to have more security and they are thinking that its bad too have it all on one wallet. I agree with them because if you get hacked not everything get than stolen. Yeah the security itself makes a person to use a lot of bitcoin wallets. But I'm also thinking that they are just using a lot of bitcoin wallets because of curiosity. They want to compare different bitcoin wallets because there are a lot of it in the market. Coinbase,blockchain, xapo and many more. Out of curiosity they wanted to try all of it. |
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Sniper44
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September 27, 2016, 02:53:52 AM |
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People want to ensure their security and due to that they are doing this, overall it is a good thing to do but its not something you can easily do.
You also need a list with all these wallets, and that is maybe a risk because if people gets this list you are also in danger.
You are right about that, people want to have more security and they are thinking that its bad too have it all on one wallet. I agree with them because if you get hacked not everything get than stolen. Yeah the security itself makes a person to use a lot of bitcoin wallets. But I'm also thinking that they are just using a lot of bitcoin wallets because of curiosity. They want to compare different bitcoin wallets because there are a lot of it in the market. Coinbase,blockchain, xapo and many more. Out of curiosity they wanted to try all of it. * for curiosity you only try the wallets once not use them always. ** for security you only need two, one cold storage and one hot wallet for spending those coins. *** anything else is extra effort in my opinion. |
to the moon with bitcoin...
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Backside walkaround
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September 27, 2016, 03:00:09 AM |
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Bitcoiners are tech geeks, or at least a lot of them are. So geeks like to try out different software and that translates to trying out different wallets. Plus it's always a good idea to spread your money around, since it can get hacked. I don't use many, and none of them are online wallets.
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If the original Backside walkaround can prove to me they are the old owner of this account, I can update the email address to the email address of their choosing.
Backside walkaround has lost access to their account as they used someone else's email address to sign up, and the owner of the email address got tired of random email notifications from this site after a few months and reset the password.
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hyunsookmom
Sr. Member
 Offline
Activity: 420
Merit: 250
Kamehameha!!!
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September 27, 2016, 03:03:07 AM |
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I have different wallets for different purposes.
I would like more options on mobile though.
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Kotone
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September 27, 2016, 03:25:18 AM |
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Just wondering why people use so many Bitcoin wallets.
They using lots of bitcoins wallet for business i think if you owned some business ofcourse you will know the struggle of using many bitcoins wallets because you will know every thing how is work and people might using multiple bitcoin wallets is for the gambling and others and trading something like that. |
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buxlover
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September 27, 2016, 05:04:51 PM |
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I think people are using many wallets just because they get them free, Only few would have reasons behind them to use multiple wallets.
I first heard of xapo wallet, just signed with xapo to claim their free 100 bits, i was using them for quiet a period, after that coinbase announced an offer of $5 bitcoins free for just opening an account with them, I did that too.
Later i tried to install bitcoin wallet in my computer but that blockchain size to be downloaded seemed very high, so dropped that plan and continued to use bot xapo and coinbase. xapo for faucet claiming and coinbase to buy bitcoins.
Later i read in some blogs and forums blockchain is safer to use in web wallets, just created an account there and never used it till now. I personally prefer coinbase since xapo has many issues with verification.
So i started using all 3 wallets because they were free and just i can created an account there. There was no special consideration in doing so
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Aamir1
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September 27, 2016, 05:14:28 PM |
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People want to ensure their security and due to that they are doing this, overall it is a good thing to do but its not something you can easily do.
You also need a list with all these wallets, and that is maybe a risk because if people gets this list you are also in danger.
I don't think that is an hard thing to do, now a days people can easily keep things secret in a mobile or a laptop or even in a place in real world where no one can see them except the person himself, so keeping the details about his wallets wont be a big deal. |
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rio3233
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September 27, 2016, 05:28:06 PM |
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I think people use so many bitcoin wallets for safety, they seperate their bitcoins into many wallets. So their bitcoins become safety. Well, everyone have their own reason why people use so many bitcoin wallets.
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Cresciuanto
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September 27, 2016, 06:48:30 PM |
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to me the only reason behind this fact may be the security factor, other wise there is only one bitcoin wallet is enough for bitcoin. but some people may have some more number of bitcoins and they wan tot keep then in separate bitcoin wallets so as to reduce the the hacking of wallets.
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Youresioure
Full Member
Offline
Activity: 162
Merit: 100
Reich mir die Hand
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September 27, 2016, 06:54:34 PM |
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I use different bitcoin wallets for different purposes. From an online wallet, I can do online transactions in the go. But an offline, hardware wallet is more secure so I can keep a part of my bitcoin to use in my online wallet and keep my other bitcoin as investment in an offline, hardware wallet.
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amacar2
Legendary
Offline
Activity: 1120
Merit: 1007
CryptoTalk.Org - Get Paid for every Post!
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September 27, 2016, 06:56:23 PM |
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I was going to use only one wallet but now after reading many posts I change my mind and thinking to use many wallets is much better and safer for every user because its give some better security to user
Yes if you store bitcoins in different wallets than risk of lossing all you have when the one where you were having your coins get shutdown. But better try to only use wallets which have very good review and are trusted. |
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Nimbulan
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September 27, 2016, 11:31:39 PM |
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I use different bitcoin wallets for different purposes. From an online wallet, I can do online transactions in the go. But an offline, hardware wallet is more secure so I can keep a part of my bitcoin to use in my online wallet and keep my other bitcoin as investment in an offline, hardware wallet.
the same for me, i have an online wallet for spending and i have an offline wallet for just holding |
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marcuslong
Legendary
Offline
Activity: 1036
Merit: 1002
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September 27, 2016, 11:46:23 PM |
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I wasnt aware they did. I only use 2. One on my pc and one on my phone.
Yeah. There has been many topics like this and people say they use many wallets. So I was just wondering why they use multiple wallets. People using many wallets with some activities in life like doing something that they really care about and or creator multiple wallets because of gambling maybe? or investing some wallets if you send your bitcoin to gambling website they lockes up your account. |
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JeffBrad12
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September 28, 2016, 01:11:03 AM |
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I wasnt aware they did. I only use 2. One on my pc and one on my phone.
Yeah. There has been many topics like this and people say they use many wallets. So I was just wondering why they use multiple wallets. investing some wallets if you send your bitcoin to gambling website they lockes up your account. it's not the main purpose for the people is creating a much wallet in this day, for the mainly reason is for securing their money and i think the second place is for providing a wallet of every jobs, because in this day i think every people is having more than 1 job. |
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BellaBitBit
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September 28, 2016, 01:14:36 AM |
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Personally I do not want to have my BTC all in one place. Due to constant hacking and theft I would rather spread it out. The most secure is a paper wallet.
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I love Bitcoin
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Carmen_Sandiego
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September 28, 2016, 05:48:16 AM |
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In most cases it is a matter of security, but there are people who exaggerate in the number of wallets, perhaps because they are paranoid people. This can be a problem when managing the wallets.
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mamichula
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September 28, 2016, 05:55:14 AM |
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I have one wallet, but I'm not counting BTC on exchanges, or even coinbase.
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doomistake
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September 28, 2016, 06:01:27 AM |
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One account here in bitcointalk must have it's own wallet. Two accounts with the same bitcoin wallet might be get kicked in a signature campaign or here in this forum if someone will notice about it and have an Screen shot of it and report it to the moderator. The worst scenario is you will get banned for months I think and you might can't go back anymore. So it's better if each of your account here in bitcointalk has it's own bitcoin wallet to avoid this kind of situation.
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dhimasnk
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September 28, 2016, 08:10:42 AM |
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why people are using bitcoin wallet? if you ask me, they use a lot of bitcoin wallet because they may want a secure transaction, using bitcoin wallet different in every transaction. so they use a lot of bitcoin
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Mastsetad
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September 28, 2016, 08:21:10 AM |
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I use different bitcoin wallets for different purposes. From an online wallet, I can do online transactions in the go. But an offline, hardware wallet is more secure so I can keep a part of my bitcoin to use in my online wallet and keep my other bitcoin as investment in an offline, hardware wallet.
Beside that, people use multiple wallets because they don't feel secure to keep all their coins in one wallet (if they have a lot) because it is internet and anything can happen any time, so splitting your coins into different wallets would be more secure for you. |
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