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Author Topic: Why do people use so many Bitcoin wallets?  (Read 51654 times)
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May 08, 2016, 06:04:19 AM
 #521

personally I just want to avoid things that would not be unexpected, such as stolen, or disruption when we need.
yeah i think it's not a problem to use a lot wallet although it will give a little complicated. but the important thing is the safety of the wallet.
Yes I think it is also not a problem but it is a bit tricky. But having more than one wallet would be good in my opinion. People usually use more than one wallet for every wallet that he may have had other uses for storing bitcoin they get.
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May 08, 2016, 06:19:30 AM
 #522

personally I just want to avoid things that would not be unexpected, such as stolen, or disruption when we need.
yeah i think it's not a problem to use a lot wallet although it will give a little complicated. but the important thing is the safety of the wallet.
Yes I think it is also not a problem but it is a bit tricky. But having more than one wallet would be good in my opinion. People usually use more than one wallet for every wallet that he may have had other uses for storing bitcoin they get.
it's not complicated just use two wallets. and it is better to make it more secure. I alsothe same use two-wallet to avoid unexpected events in one wallet.

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May 08, 2016, 06:20:21 AM
 #523

Personally, I was faced with those who created a lot of purses for collecting Satoshi from faucets. They created a few wallets, multiple accounts and run them on multiple computers or virtual machines. Some more so reallocate their spending. One wallet for storage and the other to pay for goods.
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May 08, 2016, 06:23:14 AM
 #524

personally I just want to avoid things that would not be unexpected, such as stolen, or disruption when we need.
I think to avoid things like that you do not need to create a wallet that much. you just simply provide more protection for every wallet. may I just suggest to make at least two wallet
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May 08, 2016, 09:12:13 AM
 #525

Each user finds something unique in every wallet they use. Just to experience the increased safety most use more than one or two wallets. I personally use locabitcoins and Blockchain.
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May 08, 2016, 10:35:14 AM
 #526

my wallet used

Coins.ph i used it if i want to cash out my btc to real money because this wallet is easy to use and no fee on cash out in atm machine.
Xapo i used it for farming on xapo game apps and im earning bitcoins here
Blockchain for anonimosity and i see it very safety to stock your btc

Thats the reason why im using multiple wallets.


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May 08, 2016, 11:00:32 AM
 #527

perhaps, they think that by using many bitcoin wallet then their transactions will be safe

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May 08, 2016, 11:52:11 AM
 #528

Just wondering why people use so many Bitcoin wallets.

i think it is because it is safer to use 2 or even 3 bitcoins instead of keeping everything in one wallet, for example  if something happens to one wallet you can always instantly send your money to other one

i don't think that there are any other reasons why people does that,  only for reason to save money in case something went wrong so you could save your bitcoin and not lose them

 
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May 09, 2016, 04:09:03 AM
 #529

Quote
Why do people use so many bitcoin wallets?

Security is the main reason why people use 2-3 wallets instead of one. If one wallet gets hacked, then you only lose a portion of your total BTC while if you have only one wallet, once you get hacked, then all of your money will be gone.

Another thing is the unique service that a wallet website offers. Some wallet websites offer a service of reloading/top-up your phone by using bitcoins. We do have a wallet website like that, it's coins.ph

If USD is not the primary currency in your country, then you can use a local wallet website to convert your BTC to your local currency. You can as well withdraw it on your bank account if you use a local wallet.

Other wallets might offer more services but these are the things that I know why people use many bitcoin wallets.

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May 10, 2016, 03:29:37 AM
 #530

personally I just want to avoid things that would not be unexpected, such as stolen, or disruption when we need.
I think even if you use a lot of the purse will not prevent you from possible for hack?
the difference is only chance all your bitcoin stolen will be lower. but the possibility of stolen will remain
there as long as you use a wallet and uses no authentication
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May 10, 2016, 05:35:37 AM
 #531

personally I just want to avoid things that would not be unexpected, such as stolen, or disruption when we need.
I think even if you use a lot of the purse will not prevent you from possible for hack?
the difference is only chance all your bitcoin stolen will be lower. but the possibility of stolen will remain
there as long as you use a wallet and uses no authentication

HAVING MORE THAN TWO WALLETS IS A PRUDENT WAY OF SAFE GUARDING WHAT YOU HAVE SAVED SIMPLE Wink
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May 10, 2016, 06:20:58 AM
 #532

perhaps, they think that by using many bitcoin wallet then their transactions will be safe
the possibility of losing everything will be smaller. but note that you must create a different password for each wallet. This avoids losing all the money. more secure? yeah maybe I can say it like that?
but maybe it would be a little complicated?
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May 10, 2016, 06:45:26 AM
 #533

Just wondering why people use so many Bitcoin wallets.
the main reason is,security and wallet quality,i think that 2 are the most common reason why people use so many bitcoin wallet.
security,they want the best security bitcoin wallet,and use on or two wallet to find the best wallet who have best security.
quality,they must be find best quality wallet,fee of transaction,easy to generating address,and some people want fast bitcoin wallet for faster transactions.
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May 10, 2016, 06:50:36 AM
 #534

I only learned about the advantages of using multiple wallets a couple of weeks ago. I learned that I have to have separate wallets for sending, receiving, and bills payments. That way, I could lessen the risk of theft and I could put my BTC in several wallets to spread out my eggs in several baskets, so to speak.
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May 10, 2016, 07:01:30 AM
 #535

personally I just want to avoid things that would not be unexpected, such as stolen, or disruption when we need.
I think even if you use a lot of the purse will not prevent you from possible for hack?
the difference is only chance all your bitcoin stolen will be lower. but the possibility of stolen will remain
there as long as you use a wallet and uses no authentication

HAVING MORE THAN TWO WALLETS IS A PRUDENT WAY OF SAFE GUARDING WHAT YOU HAVE SAVED SIMPLE Wink

yeah the point is to have more than two wallet is a safe way, although it does not guarantee it is safe from hacking.
but I know blockchain.info difficult to be hacked, I myself use the already quite long and very safe. if hacked mean it is your carelessness.

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May 10, 2016, 07:25:08 AM
 #536

Just wondering why people use so many Bitcoin wallets.
People do this because there is a chance that you will get hacked so if someone gets hacked they always have some wallets left with Bitcoins.
They do this so they will not lose everything at once.


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May 10, 2016, 07:28:23 AM
 #537

People is using the Bitcoin wallets because it is easy to store the coin on the wallet and that is nice and it is also many used by many people and that is perfect for the wallet.
You also can see now that it becomes now more used because more people will get to know about it and that is perfect.
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May 10, 2016, 07:30:40 AM
 #538

By using multiple wallet i have so many benefits mostly i depend how we want to use our coins there, for cold storage i have totally different place to store my coins and never mixed them with my coins which i keep for my online activities such as gambling and trading, i think using multiple wallets provide us great security there.
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May 10, 2016, 07:33:01 AM
 #539

I am using bitcoin core wallet and coinbase online wallet, i think it is good to keep coins on different places and it is more secure than.
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May 10, 2016, 07:34:10 AM
 #540

To cover up their trail of activity, perhaps. You have to know that bitcoin isn't 100% anonymous, although it's a lot better than the traditional banking system.

Thus there are also mixers, which just does the job a bit better than if you do it yourself.
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