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Author Topic: Do you use multiple Bitcoin Wallets to store your Bitcoins?  (Read 10471 times)
itsmarkoc
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June 29, 2016, 07:52:57 PM
 #1

Hey guys,

I was wondering if you keep all your bitcoins in one wallet, or do you use multiple providers/accounts?

I am currently using 3 different wallets, it kinda feels safer not to store everything in once place...

Thoughts?

MC  Smiley
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Adriandmen
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June 29, 2016, 07:54:52 PM
 #2

I use MultiBit HD and that seems to use a lot of different wallets for incoming and outcoming transactions. So, a collection of wallets.

I think that is a pretty cool feature.
itsmarkoc
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June 29, 2016, 07:59:13 PM
 #3

I use MultiBit HD and that seems to use a lot of different wallets for incoming and outcoming transactions. So, a collection of wallets.

I think that is a pretty cool feature.

oh cool! So can you have a breadwallet and a ledger wallet within a MultiBit? Or just different MultiBit Wallets?
patronis
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June 29, 2016, 08:01:49 PM
 #4

Hey guys,

I was wondering if you keep all your bitcoins in one wallet, or do you use multiple providers/accounts?

I am currently using 3 different wallets, it kinda feels safer not to store everything in once place...

Thoughts?

MC  Smiley

I feel pretty safe just using electrum.
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June 29, 2016, 08:07:34 PM
 #5

I mostly use blockchain.info for every day use but recently started using electrum to store large sum of finds as i find it more safer because it is software based rather than web or database based. I also have 50% of my total bitcoin in different exchangers. Spreading all bitcoin is safer option against possible scam or shutdown.


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June 29, 2016, 08:09:46 PM
 #6

I use MultiBit HD and that seems to use a lot of different wallets for incoming and outcoming transactions. So, a collection of wallets.

I think that is a pretty cool feature.

oh cool! So can you have a breadwallet and a ledger wallet within a MultiBit? Or just different MultiBit Wallets?

I think it's just a collection of wallets. It's uses a deterministic wallet. I have no idea what it means though... Tongue
hasiramasenju
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June 29, 2016, 08:32:58 PM
 #7

i was never save all of my bitcoin only in one wallet because it's too risky for me and currently i have 5 blockchain wallet, altcoin exchange wallet and my local exchange wallet
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June 29, 2016, 08:38:24 PM
 #8

Not really. My mycelium wallet is tied to my ledger wallet, do it's basically a watch-only until I plug my ledger in. The only wallets I use are the stock ledger wallets and The mycelium wallet, as above stated.



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June 29, 2016, 08:39:19 PM
 #9

Its definitely a benefit the accounts to be free and also for big Bitcoin owners probably better to save them on different Bitcoin wallets.

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June 29, 2016, 09:30:29 PM
 #10

I think its important to use more than one wallet, in my case i use one cold wallet (a paper wallet) for long time storage. A Multibit as normal wallet, and a mobile wallet for small amounts.
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June 29, 2016, 09:39:44 PM
 #11

Hey guys,

I was wondering if you keep all your bitcoins in one wallet, or do you use multiple providers/accounts?

I am currently using 3 different wallets, it kinda feels safer not to store everything in once place...

Thoughts?

MC  Smiley
I using and different 4 wallets and why am i using some wallet at the same time? because to split all of my bitcoin, and decrease all of the risks will I get from this? it's my responsibility to protect my BTC from the thief or scammers. you can try my way. Cheesy

BitcoinSupremo
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June 29, 2016, 09:42:25 PM
 #12

I use only electrum and it has about 50 wallet addresses, so far its a pretty safe wallet, been using it for over 2 years on Linux not a single problem so far. Unless you want to have a lot of anonymity (if you know what you are doing) you can have as much wallets as you can as they cannot be linked to a single person that easily if you use different wallets.
For me I feel pretty safe with Electrum. Time has told me so Smiley

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June 29, 2016, 09:52:55 PM
 #13

Hey guys,

I was wondering if you keep all your bitcoins in one wallet, or do you use multiple providers/accounts?

I am currently using 3 different wallets, it kinda feels safer not to store everything in once place...

Thoughts?

MC  Smiley
I'm only using blockchain until now but have some address in my wallet. maybe I was not too protect my wallet, with using 2FA I think it was more than enough. because in my opinion blockchain is the best wallet for me because for me it's always updating with their system in I'm very comfortable with this.

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nejibens
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June 29, 2016, 09:56:04 PM
 #14

Yes i use more than wallet to store my bitcoins, and i think if the safest way to hold the coins in more than wallet, in addition some exchange servers offer extra services for using their wallets
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June 29, 2016, 09:58:30 PM
 #15

Just use one Bitcoin wallet there is Blockchain the more popular web wallet to store my bitcoins. Very easy to use
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June 29, 2016, 10:38:09 PM
 #16

Hey guys,

I was wondering if you keep all your bitcoins in one wallet, or do you use multiple providers/accounts?

I am currently using 3 different wallets, it kinda feels safer not to store everything in once place...

Thoughts?

MC  Smiley

Are you talking about online wallets?I use coinbase only to send and receive bitcoins i have a blockchain account too but i prefer coinbase.
For storage i have a hard wallet (ledger) i don't trust enough the online wallets to keep my bitcoins.
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June 29, 2016, 10:47:28 PM
 #17

While I wouldn't store all my eggs in one basket, I also wouldn't be saying how much less where they are stored - you'll forget you posted in this thread, but a hacker will come along and use that information (should you have enough BitCoins that they feel like taking) and you won't even know how they did it.
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June 29, 2016, 10:49:57 PM
 #18

I used to have 5 wallets, but I'm down to only 2. I also used to have 5 bank accounts, but I'm down to only 3. Frankly, you don't need more.
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June 29, 2016, 11:01:51 PM
 #19

no i am using a sing wallet for storing my bitcoin and that is enough for my bitcoin to store there.it is a reliable and trust-able wallet. i can do fully trust on that coin.
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June 29, 2016, 11:07:52 PM
 #20

no i am using a sing wallet for storing my bitcoin and that is enough for my bitcoin to store there.it is a reliable and trust-able wallet. i can do fully trust on that coin.
Lol yeah I also think using one wallet is enough. if you want to secure you just add some authentication. and using one wallet simpler and easier

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