Why do people use so many Bitcoin wallets?

[stromma44]

I think they use a lot of bitcoin wallet is because is just better to do if you don't want to lose all your bitcoins in one wallet.
At least having 2 wallets is just good and that is enough for a beginner.

As you suggested two bitcoin wallet is good for a beginner. During the early days of getting into bitcoin it is good to have one account in blockchain which is good and can have a alternate wallet in electrum which has got good user friendly reviews.

[zencomp]

people use so many bitcoin wallets because they dont want to get stuck with one wallet , their are so many different ways of different users, some use it for safety of their transaction so that their wallet dont get hacked.

my purpose is simple one wallet i use it for my savings and some i use it for gambling and sports betting .

[praprata]

I think they use a lot of bitcoin wallet is because is just better to do if you don't want to lose all your bitcoins in one wallet.
At least having 2 wallets is just good and that is enough for a beginner.

As you suggested two bitcoin wallet is good for a beginner. During the early days of getting into bitcoin it is good to have one account in blockchain which is good and can have a alternate wallet in electrum which has got good user friendly reviews.

Yeah that is why BlockChain in the most use until now also CoinBase.
Still one online wallet is nice and this are trusted.
Having offline wallet is beter to secure in your own pc for experiences.

[Premium Account Reseller]

I think it's safer to have some bticoins spread out rather than have it all in 1 wallet, that's for online use of course.

[JosNekoKopa]

Can someone tell me is it good for network to have a lot of wallets?
l mean is this influence network stability?

[Raimonn]

Can someone tell me is it good for network to have a lot of wallets?
l mean is this influence network stability?

I don't see any problems with the network for having a lot of wallets. Network only can have problems with lots of transactions (delays on confirmations) but there is nothing about the wallets number.

[Supercrypt]

My wallets are for the following purposes.

- Cold storage for the long term.
- Bitcointalk wallet.
- Wallet where I store my coins for trading purposes. (I always send my coins back to my offline wallet when I'm done trading)
- Wallet for spending and receiving purposes for online stuff.
- Wallet for spending and receiving purposes in private life.

I also use different wallets for different purposes. The actual purpose according to me is that different wallets have different advantages and some of the wallets are easy for transactions, some have restrictions for some purposes.

Ex: Electrum lets me sending mass payments easily, than multibit.
Multibit enables me to have 100 address at once, Electrum auto generates address after using existing ones.

[Cabapzarf]

I think it's safer to have some bticoins spread out rather than have it all in 1 wallet, that's for online use of course.

We shall save most of our coins in the offline wallet. We can put small amout of coins in the online wallet for daily usage.

[Rizky Aditya]

I use one hardware wallet, a trezor, and then I use an online wallet, coinbase, for daily transactions.

[HarHarHar9965]

I use one hardware wallet, a trezor, and then I use an online wallet, coinbase, for daily transactions.

People according to their own convenience prefer various bitcoin wallets. These bitcoin wallets differ with various functionalities with each other. So to have enhanced security support these days can find lots of wallets. Some used to have two wallets one is everytime use and the other is just a backup to hold the bitcoins earned.

[Pursuer]

different wallets have different features, so people choose them according to their needs.

for instance I have a cold storage (paper) to keep safe for long time.
also have Electrum online to spend bitcoin everyday.

[romero121]

I use one hardware wallet, a trezor, and then I use an online wallet, coinbase, for daily transactions.

What you have done is brilliant. Hardware wallet can be used as a backup. Online wallet is the best wallet to have a secured transaction
Some used to create and use there own wallet.

[jt byte]

Its for security so you do not lose all your coins once you get hacked or the website is getting hacked. Also you are not dependent on one wallet on one website.

If you got your bitcoins on different wallets, you are just more secured, its much better.

[Jeremycoin]

More wallets is more secure. Just think about this!
How if you just save your Bitcoin in only 1 wallet, and then somebody steal it?
You will lose all of your Bitcoin in that wallet.
But if you keep your Bitcoin in 5 wallets that you shared equally
and if somebody steal it 1 of your wallet, you will just lose 25% of your Bitcoin.
Now imagine, if you save your Bitcoin in many wallets! If somebody steal it, you will just lose a little bit amount of it.
But of course, this thing has a weakness. Which is if you want to use all or 50% of it, you have to send it to 1 wallet first so that you can send just 1 transaction to the receiver wallet.

[racquemis]

More wallets is more secure. Just think about this!
How if you just save your Bitcoin in only 1 wallet, and then somebody steal it?
You will lose all of your Bitcoin in that wallet.
But if you keep your Bitcoin in 5 wallets that you shared equally
and if somebody steal it 1 of your wallet, you will just lose 25% of your Bitcoin.
Now imagine, if you save your Bitcoin in many wallets! If somebody steal it, you will just lose a little bit amount of it.
But of course, this thing has a weakness. Which is if you want to use all or 50% of it, you have to send it to 1 wallet first so that you can send just 1 transaction to the receiver wallet.

If you are talking about software wallets it doesn't really matter. Once your PC is infected, it's infected....

[rio3233]

I think it's because for safety. For me, i use so many bitcoin wallets because to seperate my main wallet with wallet for gambling. i mean, i have gambling habbit. so i need seperate wallet to limit it.

[praprata]

Because it's easy for them to keep it. And for security.
Otherwise they have to first change and then put it on their own bank. it's just easier.

[chaser15]

And putting all your money from one storage is really not advisable especially to those holding a lots of coins.

Make it mandatory to have multiple bitcoin wallets. It will benefit you.

[davinchi]

More wallets is more secure. Just think about this!
How if you just save your Bitcoin in only 1 wallet, and then somebody steal it?
You will lose all of your Bitcoin in that wallet.
But if you keep your Bitcoin in 5 wallets that you shared equally
and if somebody steal it 1 of your wallet, you will just lose 25% of your Bitcoin.
Now imagine, if you save your Bitcoin in many wallets! If somebody steal it, you will just lose a little bit amount of it.
But of course, this thing has a weakness. Which is if you want to use all or 50% of it, you have to send it to 1 wallet first so that you can send just 1 transaction to the receiver wallet.

You can not keep all your eggs in one basket and with online wallets, this is even simpler to lose all your bitcoins. There are many users who use blockchain and generate multiple addresses within the same wallet but this still doesn't solve the problem as if the wallet is hacked, all the coins are lost.

[andycarrol]

for me to use a lot wallet because I have some special wallet. such as for playing gambling or signature campaign. because if I save  it all in one wallet I was worried all gone because of gambling