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Author Topic: Why do people use so many Bitcoin wallets?  (Read 51695 times)
iv4n
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January 15, 2016, 10:38:47 AM
 #101

There can be several reasons. In most cases I think people experiment with different wallets until they find the one that suits them mostly. Different people have different needs, I didn't saw people talk about some wallet as perfect one, that suits for everyone needs.
I'm using 2 for now, trying to save in one and other is for fast transactions (I gamble a lot so I like to have coins ready in anytime).
I think we will se more and more wallets in future and every wallet will try to offer something unique. So we will use different ones and try to take the best from each one of them until they make perfect one.

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sishendaoye
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January 15, 2016, 10:41:38 AM
 #102

only in my mobile i have installed 4 wallet, because i don't like to put all my btc in a sigle wallet, the same for the exchange i use about 3 of them.if you had a problem with a service, you don't lose all

Yeah having at least one cold and one warm wallet so that you don't lose all. Having in one wallet is a bad idea.
Well if you have just less than 2 bitcoin than is okay, but more than that is just better to just have a 4 wallets.
Altcoinmoney
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January 15, 2016, 10:54:25 AM
 #103

Because some people like to keep things separate, for instance, a seprate wallet to save bitcoin, one to use on a daily  basis, one to gamble.
These are just examples as to why some people prefer to use multiple wallets.
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January 15, 2016, 11:54:41 AM
 #104

I have paper wallet, electrum, blockchain.info, Bitcoin core wallet for the different purposes and safety of my Bitcoin.

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delliaerd
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January 15, 2016, 12:26:28 PM
 #105

I have at least 2 Bitcoin wallets,
because if something happens to my other wallet than I have the other one that is working good.
Is just for safety purpuse that in the future my wallets are still fine. Cheesy

One of way if bitcoin wallet not working should have been and  can't fix that is make an another account . You did right way, friend.

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ranochigo
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January 15, 2016, 12:28:49 PM
 #106

I doubt people use lots of Bitcoin Wallets at once. There is a wide variety of wallets to choose from, depending on how secure and lightweight you want it to be. Generally, the more secure ones would be Armory and Bitcoin Core but they requires a significant amount of disk space and resources in general. Electrum and Multibit are SPV wallets and they are great for daily use while requiring little disk space.

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TTMNewsMJ
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January 15, 2016, 01:10:47 PM
 #107

Maybe they are trying to know the best bitcoin wallets.
That's why they are testing them all.
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January 15, 2016, 02:02:09 PM
 #108

I have paper wallet, electrum, blockchain.info, Bitcoin core wallet for the different purposes and safety of my Bitcoin.

Wow you really have too many wallets.
I think most people use just blokchain and now a days electrum is getting famous too.
I dont knwo the real use of using so many wallets, other than safety. I still stick with my blockchain wallet because it provides me more portability for my bitcoins, as I travel more I can access my bitcoins from any city without need of my laptop.

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January 15, 2016, 02:05:04 PM
 #109

Maybe they are trying to know the best bitcoin wallets.
That's why they are testing them all.
it could have been, but maybe they do not want to track who is using the wallet, or she also checks every wallet and compare it, but it's still a possibility

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Ryananda
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January 19, 2016, 05:26:48 AM
 #110

I have paper wallet, electrum, blockchain.info, Bitcoin core wallet for the different purposes and safety of my Bitcoin.

Wow you really have too many wallets.
I think most people use just blokchain and now a days electrum is getting famous too.
I dont knwo the real use of using so many wallets, other than safety. I still stick with my blockchain wallet because it provides me more portability for my bitcoins, as I travel more I can access my bitcoins from any city without need of my laptop.


Maybe people have so many purses because they want to earn big profits from bitcoin.
Yes I think it does not matter as long as it can be maintained and managed properly
elizabethqueen
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January 19, 2016, 06:55:15 AM
 #111

Just wondering why people use so many Bitcoin wallets.
for me,i am use many bitcoin wallet for my bitcoin security,i believe i we divide our big amount of bitcoin in some storage,it will more secure,of course with different password in each wallet.

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January 19, 2016, 07:00:45 AM
 #112

I am using a few, I do it because I am gambling sometimes. I always label each so I could see where are each transaction came from Smiley

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January 19, 2016, 07:17:21 AM
 #113

I am using a few, I do it because I am gambling sometimes. I always label each so I could see where are each transaction came from Smiley

Sooner or later you will find only your sum of bitcoins and leave off your labels and it's origin. It's from my experience.
But it's a good practice to label wallets and address for future reference.
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January 19, 2016, 07:19:16 AM
 #114

Every wallet has their own advantage imo and can be used for different situations. Helps to have to multiple to access from. As long as you have the private keys safely secured, doesn't matter how many you own.
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January 19, 2016, 07:21:12 AM
 #115

For me im using some wallet because i want to be anonymous and i dont want to hack my wallet to someone else.
and also i dont want to trace my transaction so i am using many wallet to defense my anonymity..

Decided to end it with zer0 profit.
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January 19, 2016, 07:37:01 AM
 #116

I'm using qt wallet as well as online ones. QT is where most of my btcs are while I keep some in online wallets as well so I can use them anytime anywhere without me bringing my laptop. Security is for QT wallets while Mobility is for online wallets.

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January 19, 2016, 08:37:38 AM
 #117

I am using not too many Bitcoins wallet. It`s serving the purpose. If I want to keep my Bitcoins save I will then use different wallet then if I need to have some Bitcoins ready for spending.
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January 19, 2016, 08:54:46 AM
 #118

For me im using some wallet because i want to be anonymous and i dont want to hack my wallet to someone else.
and also i dont want to trace my transaction so i am using many wallet to defense my anonymity..
Your wallet don't provide you any anonymity but you can be traced by the IP of the transaction.It takes a hell lot of effort to cover that up and increases more risks cause you are going insane levels to stay anony.
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January 19, 2016, 09:03:42 AM
 #119

Diversity is a good thing you can have many choices for different occasions.
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January 19, 2016, 09:17:44 AM
 #120

Diversity is a good thing you can have many choices for different occasions.

Yes i agree the more options the better.
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