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Author Topic: Do you use multiple Bitcoin Wallets to store your Bitcoins?  (Read 10119 times)
drwtsn32
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July 02, 2016, 12:51:53 PM
 #101

Not yet, because I don't have many bitcoin, so I don't need to use different wallet to afoid risk to be hacked. But if I have so many bitcoin I should use different wallet. Just keep secret.


Yeah I agree. It would be like you store 100,000 satoshis in one wallet, and 100,000 satoshis in another.
It's useless.  Cheesy

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drwtsn32
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July 02, 2016, 12:56:24 PM
 #102

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
Speaking of wallets if you are engaging in gambling please do not use coins.ph if you are from the Philippines. They are very strict if they found out you are using wallet in gambling activities they will block your account.
Anyway multiple wallets is indeed good since diversion of btc deposit is urgent just in case of a attack from hacker. If one wallet is hacked or blocked your other btc is safe on the other wallet


Why would they do that? That's your money you store there. And you can do whatever you want with your money.

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July 02, 2016, 01:14:23 PM
 #103

Yes, cause i am always trying to split my earning cause at my opinion it's more safe than store everything on one wallet. People with huge amounts of bitcoins doing the same.

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July 02, 2016, 06:27:01 PM
 #104

Yes, cause i am always trying to split my earning cause at my opinion it's more safe than store everything on one wallet. People with huge amounts of bitcoins doing the same.
Yep. I've always been taught to always have your money in separate locations like for example, some in my wallet, some in my tiny pockets, some in my bag.

I do that to bitcoins as well. I have multiple wallets for different reasons. One is for storing for long term, others are for purchasing stuff, cashing out, paying bills, etc.


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July 26, 2016, 12:49:23 PM
 #105

Yes I used multiple wallet address, through different exchange plaform addresses. But I have one wallet addres I used which is bitcoin core and multibit hd this two are proven and tested were you can store your bitcoins safely.


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July 26, 2016, 02:51:42 PM
 #106

No bro I am using Only One Wallet For this Purpose But I am Using multiple addresses For Receiving Payments and it will Help me To remember that From where I received the payment.....

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July 26, 2016, 03:00:55 PM
 #107

in my opinion every person who is holding more than at least 0.5BTC should have at least two wallets.

1) a wallet for storing the coins that you want to keep and don't touch AKA cold storage, which can be a peper wallet.

2) a hot wallet for using/spending bitcoin for example if you want to buy something with it or use it for gambling,...



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July 26, 2016, 03:02:50 PM
 #108

I have done some cleaning up with my wallets. I had around 8 cold storage wallets cointaining 1/8 of all my coins in every wallet. But right now I moved everything to just 3 wallets as that is much easier to maintain for me. Beside that I have 3 different wallets that I use for spending purposes.

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July 27, 2016, 12:28:04 AM
 #109

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
Speaking of wallets if you are engaging in gambling please do not use coins.ph if you are from the Philippines. They are very strict if they found out you are using wallet in gambling activities they will block your account.
Anyway multiple wallets is indeed good since diversion of btc deposit is urgent just in case of a attack from hacker. If one wallet is hacked or blocked your other btc is safe on the other wallet


Why would they do that? That's your money you store there. And you can do whatever you want with your money.
Thats online wallet and it's part of the term and condition that if they caught you using there wallet in gambling sites your account will be deactivated, for addition online gambling here in the Philippines is illegal so they just do there job. If you really want to gamble use another wallet there have many choices .



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Wind_FURY
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July 27, 2016, 12:30:31 AM
 #110

I use Electrum and Multibit. For my savings I use my Multibit wallet that is installed in my computer that only goes online when I send and receive bitcoins. My Electrum wallet is for my everyday use.

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shintosai
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July 27, 2016, 12:34:44 AM
 #111

I use Electrum and Multibit. For my savings I use my Multibit wallet that is installed in my computer that only goes online when I send and receive bitcoins. My Electrum wallet is for my everyday use.
i used both web wallet coinsph for my exchange for my fiat and coinbase to recieve btc from my faucets earnings, i want to understanf how to use multibit. reading how these will work from my laptop and ow safe it is.

ChronoLite
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July 27, 2016, 12:49:51 AM
 #112

Yeah , and "don't put your all eggs on one basket , you will lose it on same time".
If you don't be careful about your account , you're account would be drained easily from hacker.
If you have different earning from activities you do to earn , you can use web wallet , and desktop wallet on the same time


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24th Sept 2017
madwica
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VIABET.IO PRE-ICO | NOV 14


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July 27, 2016, 02:44:10 AM
 #113

Me i only use 2 bitcoin wallets, 1 wallet is for storing my bitcoin coming from free faucets and for earning in signature campaign and the other i used it to transact online like paying my bills, sending money to my family and loading my cellphone.

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JeffBrad12
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July 27, 2016, 04:33:31 AM
 #114

Yeah , and "don't put your all eggs on one basket , you will lose it on same time".
If you don't be careful about your account , you're account would be drained easily from hacker.
If you have different earning from activities you do to earn , you can use web wallet , and desktop wallet on the same time
I like with the bold sentences, that's true never put all of your balance in the same place because you getting a losing for any time and all of the ways. mixing online wallet and offline it's a good choice, but maybe having above than 1 in every wallet can is better because it's same means you're having a little mixing for your amount.

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Indrawan77
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July 27, 2016, 05:27:23 AM
 #115

Since the first time I was introduce to bitcoin, my friend advice me to use multiple wallet because there are so many hackers and phising attempt so its better to store small amount of the coin in a lot of different wallet although its a bit difficult to manage all the wallet but i feel safe

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bitdumper
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One world One currency, Bitcoin.


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July 27, 2016, 05:33:25 AM
 #116

i use two diffrent wallet on my phone (mycelium) and on my desktop pc (electrum) but i use the same private key so these two wallets are only ,managing one bitcoin address. i don't need multiple wallets or any online wallet i am already secured

entrepmind23
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July 27, 2016, 07:15:35 AM
 #117

I have two different wallet as of now and both of it are online. One is use for earnings, buy stuffs and for payment for other services while the other is use for cashing out to fiat. I just have a small amount of bitcoin right now so those two are enough but if I already accumulated a significant amount then I will add another wallet that's not online.



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Barbut
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Betcoin.ag


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July 27, 2016, 07:21:30 AM
 #118

Its better to say that I`m using multiple casinos to store my coins. Cause I have some coins in every almost every casino, and when I`m empty on one I play on other, and like that in circle. I use wallet just when I make some big win, or when i plan to cash out or buy something then I use wallet to gather coins from all sites.

I still enjoy in spending my coins, and for now I don`t have any plans to save coins. I use one wallet and I will not change it for now, it suits my needs very good. Multiple wallets will just confuse me.

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July 27, 2016, 07:25:03 AM
 #119

I prefer multiple bitcoin wallets. Each for different purpose, form long time holding I prefer the localbitcoins wallet which is highly secure though its an online wallet. Form regular transactions prefer Blockchain.info, as it have got the best interface for easy access.

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July 27, 2016, 07:43:13 AM
 #120

yes I use multiple bitcoin address to ensure the confidentiality of my transactions. I want my transaction awake.
and a wealth of information about me safe.

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