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Nowl1935
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September 24, 2016, 01:48:08 PM |
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Just wondering why people use so many Bitcoin wallets.
I think its because for security reason. Using different bitcoin wallet is much better than to put all your bitcoin in one Wallet. We all know that nowadays lots of hacker in this world. So if incase one of bitcoin wallet is being hacked, they will not lose all of their bitcoin because they put it in different wallet. |
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Corenin
Legendary
 Offline
Activity: 1008
Merit: 1000
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September 24, 2016, 01:50:28 PM |
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Just wondering why people use so many Bitcoin wallets.
I think its because for security reason. Using different bitcoin wallet is much better than to put all your bitcoin in one Wallet. We all know that nowadays lots of hacker in this world. So if incase one of bitcoin wallet is being hacked, they will not lose all of their bitcoin because they put it in different wallet. Yes having multiple wallets will reduce the risk of loosing them as there are many hackers who are keeping close watch on our coins, so even if something goes wrong with one wallet, the other wallet will take care of our coins. |
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markus16
Newbie
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Activity: 14
Merit: 0
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September 24, 2016, 02:03:54 PM |
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Just wondering why people use so many Bitcoin wallets.
I think its because for security reason. Using different bitcoin wallet is much better than to put all your bitcoin in one Wallet. We all know that nowadays lots of hacker in this world. So if incase one of bitcoin wallet is being hacked, they will not lose all of their bitcoin because they put it in different wallet. Yes having multiple wallets will reduce the risk of loosing them as there are many hackers who are keeping close watch on our coins, so even if something goes wrong with one wallet, the other wallet will take care of our coins. there is wallet with security alert ? i mean in case of hacking or try to connect from differents ip or place ther warn you ? |
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co5hike
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September 24, 2016, 02:13:18 PM |
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I think people who are holding higher of coins will surely go for different wallets and will never prefer to keep them at single place as if something goes and if they loose then they will loose everything.
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sbtctalk
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September 24, 2016, 04:42:36 PM |
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Isn't the idea is to use one wallet, but use it to generate multiple addresses? One desktop wallet is needed with several addresses, and one web wallet for micro transactions such as Xapos since it doesn't have fees.
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13Sk3gsQ1ogrzmyt3xMVvByxcUvZr98kKN
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elena-tur
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September 26, 2016, 04:33:18 PM |
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I am convinced that the best option would be to have two purses. One on pc, and the second on her smartphone.
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Catmony
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September 26, 2016, 05:41:37 PM |
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Its like everybody love to try new features new wallet provides, as i also try new wallets just for testing with small amounts. However i don't trust other than blockchain.info and btc.com with my bitcoin.
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Tanic
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September 26, 2016, 05:52:49 PM |
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I have just two wallets. is it much? but i use it pretty strange, payments from the campign I am in go to one wallet and after i save some amount there I send it to another wallet and from there I cash out my bitcoins, because on that second wallet the % that I pay for tranzaction is smaller than on another wallet. I think peaople have some wallets because of they don't feel safe. And it is wise. Wallets became a scam or someone hacking it. You can't feel relax with no one of it. So better to hold some part of coins in one, some in other and ect. to be relax and not tear hairs from your head in the case if one wallet fail.
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socks435
Legendary
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Activity: 2016
Merit: 1030
Privacy is always important
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September 26, 2016, 06:00:30 PM |
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We are using many wallets because for security purposes that we can stores our bitcoins in far places. also the benefits of other wallet that you dont need to pay for fee like coinbase or xapo..
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Solving blocks can't be solved without my rigs.
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DavidoAlto
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September 26, 2016, 06:13:21 PM |
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People want to ensure their security and due to that they are doing this, overall it is a good thing to do but its not something you can easily do.
You also need a list with all these wallets, and that is maybe a risk because if people gets this list you are also in danger.
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richardsNY
Legendary
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Activity: 1232
Merit: 1091
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September 26, 2016, 06:17:43 PM |
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People want to ensure their security and due to that they are doing this, overall it is a good thing to do but its not something you can easily do.
You also need a list with all these wallets, and that is maybe a risk because if people gets this list you are also in danger.
It's not difficult at all. From your client you can operatie plenty of Bitcoin addresses that you can use for different purposes. No hassle at all. It will be a hassle when you use one wallet file per Bitcoin address. You will then have to wait for the client to scan the blockchain each time you switch from wallet files. |
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Dora Doll
Member
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Activity: 84
Merit: 10
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September 26, 2016, 07:34:02 PM |
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people may be using different bitcoin wallet because of security measure, people may have a lot of bitcoins that they want to keep them in different wallets so that to minimize the risk to hacking and stealing all the assets.
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satmas
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September 26, 2016, 07:55:47 PM |
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I currently use a couple of bitcoin wallets such as coinbase, bither, snapcard, and bit.ac. I htink that people use a lot o fbitcoin wallet sso taht they can't be traced as easily.
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universe_
Sr. Member
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Activity: 448
Merit: 250
CryptoTalk.Org - Get Paid for every Post!
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September 26, 2016, 08:17:57 PM |
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People want to ensure their security and due to that they are doing this, overall it is a good thing to do but its not something you can easily do.
You also need a list with all these wallets, and that is maybe a risk because if people gets this list you are also in danger.
thats true, and i think the more wallets you have the safer it is to hold your money, you can also make money with it |
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fravia
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September 26, 2016, 08:53:14 PM |
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People want to ensure their security and due to that they are doing this, overall it is a good thing to do but its not something you can easily do.
You also need a list with all these wallets, and that is maybe a risk because if people gets this list you are also in danger.
thats true, i think it is the best way to save your money, but it can still be dangerous as its not an offline wallet |
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HaydenBruin
Full Member
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Activity: 157
Merit: 100
Need a Website or A Web App? Let me know!
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September 26, 2016, 08:54:13 PM |
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In my opinion its just the wish of the user, the one whose Interface is attractive gets the user.
No one can force someone to use one wallet.
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Need a Website or A Web App? Let me know!
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electronicash
Legendary
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Activity: 3080
Merit: 1051
Eloncoin.org - Mars, here we come!
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September 26, 2016, 08:59:09 PM |
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One reason why they are using a lot of btc wallets is that they don't want to be traced. so using just one per transaction is a good practice.
Hard drive wallets by the way give users a pool of btc address for receiving coins.
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BitcoinMarshal
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September 26, 2016, 09:05:15 PM |
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I was going to use only one wallet but now after reading many posts I change my mind and thinking to use many wallets is much better and safer for every user because its give some better security to user
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boyptc
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September 27, 2016, 01:44:58 AM |
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I was going to use only one wallet but now after reading many posts I change my mind and thinking to use many wallets is much better and safer for every user because its give some better security to user
Even though bitcoin is already anonymous but many are just thinking that they are going to be safer if they are going to use a lot of bitcoin wallets. Since it is free many can just create a lot of bitcoin wallets as they can. But most of the bitcoin wallets doesn't have bitcoins and it tends that it is just making the population of bitcoin grow. |
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CryptoBjorn
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September 27, 2016, 02:28:50 AM |
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People want to ensure their security and due to that they are doing this, overall it is a good thing to do but its not something you can easily do.
You also need a list with all these wallets, and that is maybe a risk because if people gets this list you are also in danger.
You are right about that, people want to have more security and they are thinking that its bad too have it all on one wallet. I agree with them because if you get hacked not everything get than stolen. |
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