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Bitcoinbro
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February 05, 2016, 09:33:42 AM |
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I think people find it much more convenient fact. It is also easier, I think.
The transaction is, in particular, also much cheaper and faster.
So I think, therefore, that people use it.
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jchst
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February 05, 2016, 09:36:51 AM |
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Because a wallet fit every need, for example electrum for fast and easy transactions and armory for keeping a large amount of coins.
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TTMNewsMJ
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February 05, 2016, 10:34:11 AM |
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Well, i think it is for security purpose.
They are using a lot of wallets for the safety of their bitcoin.
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starbook
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February 05, 2016, 10:50:39 AM |
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I only use 2 wallets, Electrum and blockchain.info, didn't know any more wallet than bitcoin core.
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lrdeoliveira
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February 05, 2016, 10:53:02 AM |
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Well, i think it is for security purpose.
They are using a lot of wallets for the safety of their bitcoin.
Off couse yes, i don't want to risk put all my bitcoin in a single wallet, it's better to have your bankroll splitted in 5-10 walets, depends on the value you have, doing this the risk level is < |
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Zaragota95
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February 05, 2016, 11:31:20 AM |
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I think security is the main aspect in that, I find it more convenient too when you are using multiple wallets since each has a good advantage of it's own as well.
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ekoice
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February 05, 2016, 11:39:14 AM |
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Its nice to split up the bitcoins into separate wallets.
What is so nice about it ? Logically speaking,the reason I use multiple wallets is to be secure just in case but mostly for my transactions/Savings.I maintain an online wallet for my daily transactions while whatever I earn through gambling or promos I save it in a offline wallet as cold storage (security funds).Besides this,its a good habit to use distributed systems as a way for securing accounts. why do people use so many bitcoin wallets I can,t know but I have no mere bitcoin. i am using only one wallet but other person is why use more bitcoin I don,t know I have no idea why an individual intends to use more wallets but for me its quite safer and beneficial to use several wallets to increase more chances of earning and for growth of our finances and frankly speaking its more safer to avoid any kind of hacking or password theft issues in case we own several wallets. to me its is a good thing to do . |
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diodio5
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February 05, 2016, 12:24:13 PM |
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of course there are many advantages to using a lot of wallets. come on it's not too complicated. you can minimize the loss of all your money, if you use one wallet only. of course it is very risky
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Rude Boy
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February 05, 2016, 06:01:42 PM |
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Its nice to split up the bitcoins into separate wallets.
What is so nice about it ? Logically speaking,the reason I use multiple wallets is to be secure just in case but mostly for my transactions/Savings.I maintain an online wallet for my daily transactions while whatever I earn through gambling or promos I save it in a offline wallet as cold storage (security funds).Besides this,its a good habit to use distributed systems as a way for securing accounts. why do people use so many bitcoin wallets I can,t know but I have no mere bitcoin. i am using only one wallet but other person is why use more bitcoin I don,t know If you want to take advantages of full anonymous, you might use many wallets. And there's no restriction or limit to create wallets. So i think, being anonymous is the only thing that behind peoples are using many number of wallets (me too using more than 4 wallets). And behalf of creating more number of wallets, we have a better choice i.e., create an HD account. |
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PakistanHockeyfan
Member
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Activity: 98
Merit: 10
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February 05, 2016, 10:28:16 PM |
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It's very obvious several Bitcoin wallets are meant to protect the anonymity of the user behind the wallet. I can't imagine believing anything different.
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Imoote
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February 06, 2016, 06:56:56 AM |
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of course there are many advantages to using a lot of wallets. come on it's not too complicated. you can minimize the loss of all your money, if you use one wallet only. of course it is very risky
I think it's very complicated because of having to be checked one by one. If it's me, I still prefer using a bitcoin address. |
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Imoote
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February 06, 2016, 07:04:45 AM |
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of course there are many advantages to using a lot of wallets. come on it's not too complicated. you can minimize the loss of all your money, if you use one wallet only. of course it is very risky
I think it's very complicated because of having to be checked one by one. If it's me, I still prefer using a bitcoin address. |
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greBit
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February 06, 2016, 07:13:36 AM |
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of course there are many advantages to using a lot of wallets. come on it's not too complicated. you can minimize the loss of all your money, if you use one wallet only. of course it is very risky
I think it's very complicated because of having to be checked one by one. If it's me, I still prefer using a bitcoin address. Yeah it's very complicated to manage multiple wallets hence I use the trusted one called Blockchain and it's really safe and secure and user friendly with more new features added recently |
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Rizky Aditya
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February 06, 2016, 07:30:51 AM |
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Its nice to split up the bitcoins into separate wallets.
What is so nice about it ? Logically speaking,the reason I use multiple wallets is to be secure just in case but mostly for my transactions/Savings.I maintain an online wallet for my daily transactions while whatever I earn through gambling or promos I save it in a offline wallet as cold storage (security funds).Besides this,its a good habit to use distributed systems as a way for securing accounts. I think that he means it is nice to spread out you Bitcoin so that you don't get hacked and lose everything. |
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randchingo
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February 06, 2016, 07:36:51 AM |
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IMO because each wallet has a unique advantage unique in it and of itself, for example electrum and blockchain are very fast and relatively easy to use, other wallets like armory or bitcoin core are more complicated but relatively more secure.
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crossabdd
Legendary
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Activity: 1316
Merit: 1145
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February 06, 2016, 09:08:20 AM |
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using different bitcoin wallets is like keeping your money (cash) in different places like bank, credit card, paypal, in your pocket.
bitcoin is the same, i keep most of bitcoins in bank (which is an offline wallet) for security reasons and to spend in the future.
i also keep some in my hot wallets, one is Electrum which is to send/receive smaller amounts which i might need and the other is my web wallet because i have started with that one and i am not willing to empty it out.
paper wallet is best solution for secure and safety place holding your bitcoin i have some paper wallet, where i will claim it and sell at $1000  |
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Redrose
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February 06, 2016, 09:26:24 AM |
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I use 2 wallets. They're both for different use. I also keep some BTC in a few exchanges so I can trade quickly on an hot altcoin.
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BeGoods
Legendary
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Activity: 1372
Merit: 1008
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February 06, 2016, 11:21:23 AM |
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IMO because each wallet has a unique advantage unique in it and of itself, for example electrum and blockchain are very fast and relatively easy to use, other wallets like armory or bitcoin core are more complicated but relatively more secure.
yeah it's possible. people want a different wallet facility. I myself use electrum and blockchain both have their respective advantages, and I can take advantage of both |
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HarryKPeters
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February 06, 2016, 01:50:41 PM |
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They find that namely quite handy. To preserve and pay is in fact very easy.
But it can also on your own computer, but most do not. I find online also very easy and convenient.
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kartaggen
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February 06, 2016, 01:54:10 PM |
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IMO because each wallet has a unique advantage unique in it and of itself, for example electrum and blockchain are very fast and relatively easy to use, other wallets like armory or bitcoin core are more complicated but relatively more secure.
yeah it's possible. people want a different wallet facility. I myself use electrum and blockchain both have their respective advantages, and I can take advantage of both Exactly, mainly I use blockchain, but when I have to gamble I use multibit, as the bitcoins sent on betting sites are instant, where as sending from blockchain is bit time consuming and it might change the odds meanwhile, so its better to have multiple wallets. |
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