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Hashminers
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February 22, 2016, 03:44:42 PM |
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A lot of people are using a lot of wallets because of the security.
They do not want to get hacked by hackers, if you really want to be secure from other people you could use a cold storage or a paper wallet that can be used by yourself, you can make it yourself of course.
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Legacy2005
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February 22, 2016, 04:23:36 PM |
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i use 2. both of them are the primary 11.2 cores. experimented with a few others. 1 issue that kept me from using a different one is longevity. the other companies may stop supporting/developing their wallets. would rather not have my cold storage wallet become invalid/not useable.
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Jemzx00
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February 22, 2016, 04:38:42 PM |
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Well I made 2wallets just for more security but now I have more than 8 bitcoin address on 1 wallet on coinbase xD but I think its better that for more security ..
And maybe people make many wallet due to some wallets have limits
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BlueStackz
Legendary
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Activity: 1204
Merit: 1028
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February 22, 2016, 07:21:56 PM |
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There are basically two reasons for that 1) because some people want to stay anonymous and 2) because some people scam others and want them to not catch them with linked or old address. Others reasons seems highly unlikely to be real.
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el kaka22
Legendary
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Activity: 3710
Merit: 1170
www.Crypto.Games: Multiple coins, multiple games
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February 22, 2016, 07:27:41 PM |
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There are basically two reasons for that 1) because some people want to stay anonymous and 2) because some people scam others and want them to not catch them with linked or old address. Others reasons seems highly unlikely to be real.
your two reasons are basically mean only one thing. Staying anonymous. Other than this, security in the foremost needed thing for every bitcoiner for which we are in need of more wallets and addresses. |
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Imoote
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February 24, 2016, 02:58:28 PM |
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There are basically two reasons for that 1) because some people want to stay anonymous and 2) because some people scam others and want them to not catch them with linked or old address. Others reasons seems highly unlikely to be real.
your two reasons are basically mean only one thing. Staying anonymous. Other than this, security in the foremost needed thing for every bitcoiner for which we are in need of more wallets and addresses. But I think using one bitcoin wallet was safe enough because I think security has been maintained safely. Then why should have two bitcoin wallet if one alone is safe? |
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RealBitcoin
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February 24, 2016, 10:56:28 PM |
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privacy, or just comfort.
I like to have many wallets each one for different purposes, to not confuse their roles.
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nickenburg
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February 24, 2016, 11:00:53 PM |
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Just wondering why people use so many Bitcoin wallets.
Well for me it's because multibit HD just says that after receiving 1 transaction in a wallet. The wallet is not safe anymore and I should use a new wallet. Also downloaded Electrum today and I must say it is working quite well. Only confusing for me is the transaction cost are quite high. |
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smodern
Member
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Activity: 68
Merit: 10
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February 25, 2016, 01:04:55 AM |
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Just wondering why people use so many Bitcoin wallets.
why do we have so many 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. It is all about choices.  |
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Aurorae
Newbie
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Activity: 13
Merit: 0
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February 25, 2016, 01:17:51 AM |
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I'm not entirely sure why people use so many wallets, but I only use one. I guess they have their reasons to do so.
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gilangIDR
Legendary
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Activity: 1526
Merit: 1001
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February 25, 2016, 01:39:48 AM |
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everyone has their own interests. if I choose to have my privacy is maintained. so that the funds that I have not been exposed widely.
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RealBitcoin
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February 25, 2016, 01:46:47 AM |
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Just wondering why people use so many Bitcoin wallets.
Well for me it's because multibit HD just says that after receiving 1 transaction in a wallet. The wallet is not safe anymore and I should use a new wallet. Also downloaded Electrum today and I must say it is working quite well. Only confusing for me is the transaction cost are quite high. its the address to be not reused not the wallet. The wallet has hardly anything to do with eachother. Electrum is lightweight and easier to use, make sure you remember the seed. |
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aardvark15
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February 25, 2016, 02:13:05 AM |
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I think companies like coinbase use a different wallet for every deposit so no one can track the amount of a customers deposits. It's not all being put in the same wallet for deposit.
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Pattart
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February 25, 2016, 02:15:05 AM |
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everyone has their own interests. if I choose to have my privacy is maintained. so that the funds that I have not been exposed widely.
yeah everyone has their own opinion. I myself use two wallet, only to variations in electrum and blockchain |
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Scream
Sr. Member
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Activity: 476
Merit: 250
U will never know the true answer, before you try
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February 25, 2016, 02:54:11 AM |
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I think companies like coinbase use a different wallet for every deposit so no one can track the amount of a customers deposits. It's not all being put in the same wallet for deposit.
NO one can track the amount of acustomer deposit? sure ?  http://cointelegraph.com/news/coinbase-is-tracking-how-users-spend-their-bitcoins |
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Imoote
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February 25, 2016, 05:15:15 AM |
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I think companies like coinbase use a different wallet for every deposit so no one can track the amount of a customers deposits. It's not all being put in the same wallet for deposit.
Yes but for us ordinary bitcoin users why should coined many bitcoin wallet? I still do not understand what is the reason. |
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Betwrong
Legendary
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Activity: 3472
Merit: 2234
I stand with Ukraine.
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February 25, 2016, 09:31:51 AM |
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I think companies like coinbase use a different wallet for every deposit so no one can track the amount of a customers deposits. It's not all being put in the same wallet for deposit.
Yes but for us ordinary bitcoin users why should coined many bitcoin wallet? I still do not understand what is the reason. Well, you know they say "Don't put all your eggs in one basket", may that's why they are using many different wallets. Idk, I used to have two wallets some time ago and now I have only one. Time will tell who's right though. |
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extrabyte
Legendary
Offline
Activity: 840
Merit: 1000
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February 25, 2016, 09:52:21 AM |
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Just wondering why people use so many Bitcoin wallets.
because people want to know which bitcoin wallet is better then other. I have also joined many bitcoin wallets for checking their quality |
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neonshium
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February 25, 2016, 02:04:34 PM |
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everyone has their own interests. if I choose to have my privacy is maintained. so that the funds that I have not been exposed widely.
yeah everyone has their own opinion. I myself use two wallet, only to variations in electrum and blockchain I think one wallet for one crypto currency is enough. I have joined many walletes but just for checking which one is better. finally I found xapo is finest wallet for bitcoin. I am using xapo only now.. |
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ricardobs
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February 25, 2016, 07:32:15 PM |
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everyone has their own interests. if I choose to have my privacy is maintained. so that the funds that I have not been exposed widely.
yeah everyone has their own opinion. I myself use two wallet, only to variations in electrum and blockchain I think one wallet for one crypto currency is enough. I have joined many walletes but just for checking which one is better. finally I found xapo is finest wallet for bitcoin. I am using xapo only now.. The only reason of using multiple bitcoins wallets is security. People do not want to keep all their hard earned bitcoins in one wallet.They split their bitcoins in different wallets, so that even if one wallet is hacked, they dont loose all of their coins. So, you need to consider your opinion. |
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