LegendaryMiner
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Activity: 407
Merit: 250
DAG, Built-in Chat and Conditional Payments
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August 30, 2016, 12:54:21 AM |
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Well, I don't use so many. But I am using different wallets because of the different functionalities. For example, blockchain.info, because it's an online web wallet, which I trust with small amounts. I also use paper wallet for the cold storage and for safety.
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JeffBrad12
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August 30, 2016, 12:59:15 AM |
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Saving bitcoin in many wallet is for security. And if you use many wallet you will know which is the best wallet to save bitcoin. For me the best wallet is blockchain.
Yes, you will come to know what is the best if you try different wallet. i also use few wallets and because of that i know what is the best suits me. its also for the safety of my bitcoin so its fine to be choosy. Many different wallets for many purposes and for security. Hardware wallets for long-term safe keeping. Online wallets for small and frequent fee-free transactions. You can not just settle for only one wallet because if you lose that very wallet, then all of your bitcoins are gone. you don't purely need hardware wallets for long term storage. Hardware and software are not giving a guarantee will become a long-term storage, it's relied on with the users because will be the long or short term the soft and hard wallet it depends on how the users are using and saving that. |
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BitLinkInvestments
Newbie
Offline
Activity: 28
Merit: 0
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August 30, 2016, 01:43:10 AM |
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To store different amount of funds in different locations. The amount of wallets you decide to have is all a mater of preference as long as you can remember them all lol
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dearbesz1219
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August 30, 2016, 05:31:08 AM |
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Maybe it one of their way to secure there BTC. Even me I'm not using one only, but multiple addresses, like bitcoin core, multiple hd.,and some are legit exchange platform 1 merchant here in my country who accepted bitcoin. I'm doing because just in case problems comes in the wallet addresses that I made I still have more bitcoins that put in other wallet address.
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BrewMaster
Legendary
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Activity: 2114
Merit: 1292
There is trouble abrewing
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August 30, 2016, 05:37:23 AM |
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Maybe it one of their way to secure there BTC. Even me I'm not using one only, but multiple addresses, like bitcoin core, multiple hd.,and some are legit exchange platform 1 merchant here in my country who accepted bitcoin. I'm doing because just in case problems comes in the wallet addresses that I made I still have more bitcoins that put in other wallet address.
that must be it. i for example am using two different bitcoin wallets one of them is blockchain.info as my primary wallet which is also online. and the other one is a paper wallet that i only deposit bitcoin to, in order to keep it for a couple of years. |
There is a FOMO brewing...
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bravehearth0319
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August 30, 2016, 05:50:42 AM |
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Just wondering why people use so many Bitcoin wallets.
Actually there are lots of bitcoin wallet that we can put in. Now majority of the community in crypto currency they used multiple wallet address of Bitcoin. Such as; Different exchange platform, xapo wallet, blockchain, coinbase, Bitcoin core, and multiple hd. |
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bravehearth0319
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August 30, 2016, 05:54:59 AM |
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Maybe it one of their way to secure there BTC. Even me I'm not using one only, but multiple addresses, like bitcoin core, multiple hd.,and some are legit exchange platform 1 merchant here in my country who accepted bitcoin. I'm doing because just in case problems comes in the wallet addresses that I made I still have more bitcoins that put in other wallet address.
that must be it. i for example am using two different bitcoin wallets one of them is blockchain.info as my primary wallet which is also online. and the other one is a paper wallet that i only deposit bitcoin to, in order to keep it for a couple of years. Yes! you are correct and nice idea of yours by doing that things. Its just a like your keeping your money in different banks. Because every wallet is equivalent of bank company. |
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icecube45
Legendary
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Activity: 1218
Merit: 1000
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August 30, 2016, 08:44:18 AM |
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People use many bitcoin wallet may have a different purpose be different. If I have a lot wallet just for the sake of security. I have walletmasing one specially for the signature campaign and investment / trading. Then I also have my bitcoin wallet to store.
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Antonio G.
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Activity: 84
Merit: 10
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August 30, 2016, 09:24:05 AM |
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I use only 2 wallets - on my PC and on my phone. But I'm still a beginner maybe in the future I'll need to use more wallets
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1Referee
Legendary
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Activity: 2170
Merit: 1427
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August 30, 2016, 09:33:13 AM |
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Saving bitcoin in many wallet is for security. And if you use many wallet you will know which is the best wallet to save bitcoin. For me the best wallet is blockchain.
Yes, you will come to know what is the best if you try different wallet. i also use few wallets and because of that i know what is the best suits me. its also for the safety of my bitcoin so its fine to be choosy. Many different wallets for many purposes and for security. Hardware wallets for long-term safe keeping. Online wallets for small and frequent fee-free transactions. You can not just settle for only one wallet because if you lose that very wallet, then all of your bitcoins are gone. you don't purely need hardware wallets for long term storage. something simple as a paper wallet does the work also in a very good manner. just make sure you seal it in plastic, and you're ready. I think it should not be too confused to save bitcoin safely. You do not need to turn it into a paper wallet. you just need to put it into the wallet as usual and add some authentication. I think with that you do not have to worry about the security and you do not need to use a lot of wallets Yup, paper wallets are also nothing more than an optional way of storing coins. And then you have the problem that when some one is finding your paper wallet, that the person in question can access the coins and send them to his own address. I personally store my wallet files on USB drives. Every wallet file is secured with a very lengthy string of symbols, letters, numbers, etc. My cold wallets are even encrypted above the already strong passwads. So even if the wallet files are found by some one, then it's still a worthless piece of data to them.  |
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twa
Full Member
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Activity: 320
Merit: 100
BitSong is a decentralized music streaming platfor
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August 30, 2016, 09:36:11 AM |
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Well probably because there are many different ones, and each of them are different, so it is not a surprise that people uses ones that they like most
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Hashminers
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August 30, 2016, 09:40:47 AM |
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people are using so many bitcoins wallets just because they dont want to have all of their coins just in one wallet because not every wallet is very trusted by people so that is why they use more wallets to be sure that not everything can be stolen.
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diodio5
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August 30, 2016, 10:06:03 AM |
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people are using so many bitcoins wallets just because they dont want to have all of their coins just in one wallet because not every wallet is very trusted by people so that is why they use more wallets to be sure that not everything can be stolen.
yeah maybe people do not believe in a wallet ot they just avoid theft great. because if you keep all of your money in one wallet of course it would be very risky when your wallet in the hack. so it would be better if you use a lot of wallets |
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Trustme2016
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Activity: 28
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August 30, 2016, 10:24:52 AM |
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For me that is not bad at all because sometimes you need to do a quick & urgent online payment here you need to have online wallet as well as blockchain.info or other trusted sites but do not forget to enable 2 factor authentication. For long time investing & holding here you need to have paper-wallet or offline USB encrypt wallet.
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dEJAVU95
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Activity: 56
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August 30, 2016, 10:26:18 AM |
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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
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yueno
Sr. Member
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Yueno
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August 30, 2016, 10:33:18 AM |
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I think because they have many investment and they are secure in their investment. Also I think that they only want to feel secure their money from hacker. Otherwise they use it for converting bitcoin into real cash. Just like coins.ph, rebit.ph when you have also blockchain account.
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delliaerd
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August 30, 2016, 10:44:49 AM |
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people are using so many bitcoins wallets just because they dont want to have all of their coins just in one wallet because not every wallet is very trusted by people so that is why they use more wallets to be sure that not everything can be stolen.
the most of them making a lot of bitcoin address not to looking for the safest wallet. when you think they make some wallet in many provider wallet bitcoin service to search which most secure while they was found the best secure bitcoin wallet they will stop use the other and focus use the best choosen. in my point of view why the people make few wallet is they want to manage their bitcoin in segmen. the examples one wallet especially for trading, and one other to receive payment from signature campaign. |
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Dr.Osh
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Merit: 1004
www.licx.io
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August 30, 2016, 12:21:45 PM |
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people are using so many bitcoins wallets just because they dont want to have all of their coins just in one wallet because not every wallet is very trusted by people so that is why they use more wallets to be sure that not everything can be stolen.
yeah maybe people do not believe in a wallet ot they just avoid theft great. because if you keep all of your money in one wallet of course it would be very risky when your wallet in the hack. so it would be better if you use a lot of wallets Agree, it the common way in otder to securing your bitcoin. Due to every wallet has the difference on their security, so people using so many wallets and not put all eggs in one basket. When only one wallet get hacked, you still have anothers to saving your bitcoin. Or else, so far you know which wallet is the secure one, and can put in it mostly of your btc. |
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shinscarlet
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August 30, 2016, 12:49:04 PM |
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because don't put all of your money in the same bag,divide it,and when one lost,the rest still there
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Cuhua-hua
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August 30, 2016, 12:51:26 PM |
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because don't put all of your money in the same bag,divide it,and when one lost,the rest still there
Very true, for security reasons and also the rest of the bitcoin. So a lot of people who have a lot of wallets bitcoin. I see indeed now there are still a few things that are less than the wallet bitcoin (online) namely often happens online bitcoin wallet hacking and if we don't have a lot of wallets all our funding will be lost and we can't do anything |
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