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Author Topic: Why do people use so many Bitcoin wallets?  (Read 51695 times)
Hash72
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January 19, 2016, 09:21:31 AM
 #121

For me that is not bad at all because sometimes you need to do a quick & urgent online payment here you need to have online wallet as well as blockchain.info or other trusted sites but do not forget to enable 2 factor authentication .
For long time investing & holding here you need to have paper-wallet or offline USB encrypt wallet.

crossabdd
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January 19, 2016, 09:27:16 AM
 #122

Just wondering why people use so many Bitcoin wallets.

because every wallet have a plus and minus Smiley
im use blockchain, xapo, coinbase, mycellium, vanitygen address, paper wallet  Grin
acroman08
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January 19, 2016, 09:32:49 AM
 #123

Because it is for their own extra security and for trading and some other stuff
I myself use 5 accounts for storing my btc and 7other accounts for trading.

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January 19, 2016, 09:41:40 AM
 #124

I'm using few wallets , two on pc and laptop are just in case if something goes wrong with sync..
Maybe i should make masternedes?
One cold wallet.
And multiple accounts on blockchain..Security reasons.  "Paranoid"

You can rent this space
Rizky Aditya
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January 19, 2016, 10:00:51 AM
 #125

I think that people use multiple wallets so that their Bitcoin is safer. If you lose 1 account with all your Bitcoin, that would be bad.
TipZ
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January 19, 2016, 10:05:44 AM
 #126

People are using multiple wallet to probably feel safer. If you loose one you don't loose everything. I'm using 2 wallet, an online one for my daily use (bet etc...) and a 'cold storage' one for my savings Wink
arbitrage
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January 19, 2016, 10:29:21 AM
 #127

I'm using one multi wallet. And those on exchanges, But i'm changing password very often. Security is priority!
2FA must be!
Don't like cold wallets and those with sync too long . taking much time.
jt byte
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January 19, 2016, 11:14:02 AM
 #128

Because every one has separate wishes.
I for one use the default QT wallet for bigger amounts of money.

And i got a blockchain wallet with ~0.5 BTC for daily usage.
Ryananda
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January 19, 2016, 11:18:02 AM
 #129

I'm using one multi wallet. And those on exchanges, But i'm changing password very often. Security is priority!
2FA must be!
Don't like cold wallets and those with sync too long . taking much time.
Bitcoin wallet security whether it should change the password change? Now there are some bitcoin wallet that already have security of each transaction.
And as long as you do not give information bitcoin wallet and I think it would be safe
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January 19, 2016, 11:22:57 AM
 #130

Because the 'perfect' wallet has not been invented yet...

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arbitrage
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January 19, 2016, 02:45:39 PM
 #131

1/3 of coin lm investing random with investing in altcoins.
1/3 trading just bitcoin- dollar waiting for deeps..
1/3 have in wallet multiwallet.
Also like to play dice! Grin
JosNekoKopa
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January 19, 2016, 05:35:17 PM
 #132

I have just one wallet and it's on my laptop..password protected.
Just don't see need for multiple wallets.
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January 19, 2016, 08:13:37 PM
 #133

every one has their own reasons, but my reasons are very simple i use two types of wallets one online web wallet and one hardware wallet which i can carry anywhere and use it,

online web wallet i use it for gambling and sports betting for which i use coinbase which is very good , and for hardware wallet i use electrum with which i store all my savings of bitcoins which i won or earned through signature campaign.
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January 19, 2016, 10:32:45 PM
 #134

I have just one wallet and it's on my laptop..password protected.
Just don't see need for multiple wallets.

Some users have big amounts of bitcoins, and want to keep them safe on cold storage (systems not connected to internet). In this case you need another wallet connected on internet for your daily bitcoin spendings.
If you have all your bitcoins on your laptop wallet, be sure that your password is secure, and keep your laptop safe from malware and virus.
LFC_Bitcoin
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January 19, 2016, 10:37:46 PM
 #135

It's never safe to put all your eggs in one basket. That old saying can be attributed to most things in life.

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Karpeles
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January 19, 2016, 11:25:43 PM
 #136

Different wallets for different needs and different devices. Better have many options and be in doubt of which one pick than don't have the one that will fit your need.

I personally use only 2, though
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January 19, 2016, 11:31:13 PM
 #137

because every person sometimes wants to ensure the confidentiality of bitcoin number in his wallet. so the main wallet and wallet secondary distinguished.
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January 19, 2016, 11:48:15 PM
 #138

Because of security reasons. You shouldn't put all eggs into same basket.  Wink
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January 19, 2016, 11:54:32 PM
 #139

It is all about choices. You could ask similar question about everything: why do we have so many models of cars, smartphones or different brands offering almost the same products.
It is same story with bitcoin wallets, users have the abitlity to choose wallet based on their personal preferences, online wallet, local wallet, wallet with SPV or full validation etc.


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January 20, 2016, 12:46:08 AM
 #140

each wallet has the advantages of each. no doubt everyone will use the wallet according to his needs.
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