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Author Topic: Why do people use so many Bitcoin wallets?  (Read 51698 times)
adibe
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February 08, 2016, 05:07:26 PM
 #281

Maybe they have many bitcoins wallets for seperate their bitcoin. For me i only have 2 bitcoin wallets, but i have many address. because i need it for seperate my earnings from many websites.
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February 08, 2016, 05:16:46 PM
 #282

Maybe they have many bitcoins wallets for seperate their bitcoin. For me i only have 2 bitcoin wallets, but i have many address. because i need it for seperate my earnings from many websites.

Multiple wallets are better than multiple address with the same wallet provider. Even you have lots of address if "that" provider of yours will turned you down, you know what will be the result.

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smho_16
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February 08, 2016, 05:35:40 PM
 #283

make your coin safe, what if you put all your coin on 1 bucket and then you lose(the address) ? better you use more than one address
but i don't think with use many address it's safe too.
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February 08, 2016, 05:44:47 PM
 #284

Well, sometimes people use more than one wallet it is because they need a wallet different to do every job on the internet that generates bitcoin, for example, the person separates bitcoin obtained from the gambling, and the bitcoin be obtained from the results of the trading
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February 08, 2016, 05:47:19 PM
 #285

They use so many wallets because they need safety, I do it also.
Its very safe so if it goes wrong(hacked) you still will have some bitcoins.
Yeah it is true, but sometime some people use different wallets on a single account like different wallets in xapo, I am using different wallets there because it is better for me with that to organize all my earnings and transactions. With that I have the details that which bitcoins cae from where.
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February 08, 2016, 05:48:41 PM
 #286

I find bitgo little bit more secure and also faster and free like coinbase. I am long time blockchain user but i will also give now try to bitgo instant. I think this is the reason for almost everybody out there using multiple wallets.
(trying to explore new feature, searching cheapest, fastest or secure service.)

Ryananda
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February 11, 2016, 11:40:08 AM
 #287

They use so many wallets because they need safety, I do it also.
Its very safe so if it goes wrong(hacked) you still will have some bitcoins.
Yeah it is true, but sometime some people use different wallets on a single account like different wallets in xapo, I am using different wallets there because it is better for me with that to organize all my earnings and transactions. With that I have the details that which bitcoins cae from where.
Yeah but if my opinion using bitcoin wallet tothe many difficult and complicated, we have to log in to many bitcoin wallet and it seems to me complicated.
So I still use one bitcoin wallet because it is very practical and as I collect bitcoin only of the signature campaign, munkin if I am looking for bitcoin in many ways I am going to use more than one bitcon wallet.
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February 11, 2016, 11:47:05 AM
 #288

In my case I use several wallets to diversify the risk of something going wrong with one of them and I loose significant amounts of coins. Of course there's a practical limit to it. too many wallets and you end up crazy  Tongue
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February 11, 2016, 02:27:09 PM
 #289

They use so many wallets because they need safety, I do it also.
Its very safe so if it goes wrong(hacked) you still will have some bitcoins.
Yeah it is true, but sometime some people use different wallets on a single account like different wallets in xapo, I am using different wallets there because it is better for me with that to organize all my earnings and transactions. With that I have the details that which bitcoins cae from where.
Yeah but if my opinion using bitcoin wallet tothe many difficult and complicated, we have to log in to many bitcoin wallet and it seems to me complicated.
So I still use one bitcoin wallet because it is very practical and as I collect bitcoin only of the signature campaign, munkin if I am looking for bitcoin in many ways I am going to use more than one bitcon wallet.

Didn't you know that the thing you called "difficult" and "complicated" might actually give you benefits in the future.

Hope you will get my point while building your progree in the bitcoin world.

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February 12, 2016, 01:59:10 AM
 #290

I find bitgo little bit more secure and also faster and free like coinbase. I am long time blockchain user but i will also give now try to bitgo instant. I think this is the reason for almost everybody out there using multiple wallets.
(trying to explore new feature, searching cheapest, fastest or secure service.)

You didn't mention any wallets.  Just sayin..  A bank is not a wallet. 

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February 12, 2016, 03:40:13 AM
 #291

These people feel that much more convenient and faster.
Flashy is also safe but there is a chance you can be hacked but that chance is very small.
I think. not on the chance hacked smaller. hacked chance remains the same, the difference if we use a lot wallet, chances are we losing all the money will be smaller,
I mean if we lose one wallet, it will not make all of us lost
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February 12, 2016, 03:54:06 AM
 #292

Just wondering why people use so many Bitcoin wallets.


people use so many bitcoin wallets because for safety and can, t stolen other person a bitcoin and after people feel comfortable  and safe

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youdamushi
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February 12, 2016, 02:12:54 PM
 #293

Just wondering why people use so many Bitcoin wallets.


people use so many bitcoin wallets because for safety and can, t stolen other person a bitcoin and after people feel comfortable  and safe

Or just for practical use of their adresses.

I personally need around 15 addresses. Why having them all on one wallet?


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February 12, 2016, 04:34:04 PM
 #294

I think people use multiple wallets only to diversify the risks, and it is a good move to make, even if one wallet is damaged or hacked by the scammers, the savings in other wallet would be intact, and you don't loose everything.
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February 12, 2016, 07:46:57 PM
 #295

I thing that they feels more safety when they have a lot of wallets  Smiley
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February 13, 2016, 12:23:38 AM
 #296

I thing that they feels more safety when they have a lot of wallets  Smiley

That's true safety is the major reason for going for multiple wallets, as multiple wallets will diversify your risks and would feel much safer, so even if one wallet is lost, you don't loose everything.

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February 13, 2016, 12:28:57 AM
 #297

I think people use multiple wallets only to diversify the risks, and it is a good move to make, even if one wallet is damaged or hacked by the scammers, the savings in other wallet would be intact, and you don't loose everything.
How if all wallet hacked ?? Its possible look now hacker its very good to hacked anything.
its not for everyone., don't make same password every wallet ior email
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February 13, 2016, 01:06:56 AM
 #298

I think people use multiple wallets only to diversify the risks, and it is a good move to make, even if one wallet is damaged or hacked by the scammers, the savings in other wallet would be intact, and you don't loose everything.
How if all wallet hacked ?? Its possible look now hacker its very good to hacked anything.
its not for everyone., don't make same password every wallet ior email

That's true if you have many wallets then you should not share a common password or else it would be much easier for a hacker to hack all your wallets and you would end up loosing everything, it would be again starting from zero.

 
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Ryananda
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February 13, 2016, 03:26:30 AM
 #299

I think people use multiple wallets only to diversify the risks, and it is a good move to make, even if one wallet is damaged or hacked by the scammers, the savings in other wallet would be intact, and you don't loose everything.
How if all wallet hacked ?? Its possible look now hacker its very good to hacked anything.
its not for everyone., don't make same password every wallet ior email

That's true if you have many wallets then you should not share a common password or else it would be much easier for a hacker to hack all your wallets and you would end up loosing everything, it would be again starting from zero.
Yes but I think it was the same when one of our wallets in hack contents will also be lost. Perhaps I personally prefer to use only one bitcoin wallet and keep the password secret. Sometimes a bitcoin wallet was also no security that I think it's nice and safe.
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February 13, 2016, 03:30:20 AM
 #300

I think people use multiple wallets only to diversify the risks, and it is a good move to make, even if one wallet is damaged or hacked by the scammers, the savings in other wallet would be intact, and you don't loose everything.
How if all wallet hacked ?? Its possible look now hacker its very good to hacked anything.
its not for everyone., don't make same password every wallet ior email

That's true if you have many wallets then you should not share a common password or else it would be much easier for a hacker to hack all your wallets and you would end up loosing everything, it would be again starting from zero.
Yes but I think it was the same when one of our wallets in hack contents will also be lost. Perhaps I personally prefer to use only one bitcoin wallet and keep the password secret. Sometimes a bitcoin wallet was also no security that I think it's nice and safe.

Yeah, its better to have a single but safe wallet, as more wallets will create more confusion, and if you forget the password you cannot recover it, so its good to have only one wallet and keep it safe.

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