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Author Topic: Do you use multiple Bitcoin Wallets to store your Bitcoins?  (Read 10137 times)
Hirose UK
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July 28, 2016, 03:17:06 AM
 #141

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 only use 1 wallet. it's blockchain. I don't think it's secure enough, but I'm too lazy to create so many wallets. I'm affraid of forgetting my wallet password since I knew that I'm not too good in remembering. and I'm not collecting bitcoin at all in my wallet because I will convert my bitcoin every week because I need fiat to live here.

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July 28, 2016, 06:40:43 AM
 #142

Yep i am using now two online wallets which xapo wallet and my local bitcoin wallet coins.ph. they are really useful cause they store my satoshis securely and also for converting it to my currency. I only have problem with these wallets coz these wallets should not have any transaction with gambling coz im gonna get banned. This is scary.
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August 03, 2016, 03:05:10 AM
 #143

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


Yes, I do agree with you Mr. itsmarkoc. Because I do the same. I have three wallets, the blockchain wallets and the coins.ph wallet which is the wallet here in our country since using this wallet is my only way to buy bitcoins because I can't buy bitcoins directly using blockchain. After I bought bitcoins in coins.ph I transferred it to blockchain since transactions using blockchain are mush faster than transaction in our country's local wallet.
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August 03, 2016, 03:13:21 AM
 #144

I use two wallets fist wallet is online wallet ( bloctrail) and The second wallet is offline wallet (vanitygen), remember never put the eggs on one basket always becareful with your money.
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August 03, 2016, 03:15:29 AM
 #145

I have only blockchain wallet registered in. I read view of this wallet. People have said this to be well secured. They say we can have so many accounts linked to this particular wallet alone. They do not charge much for it. It says once an address is used for either transfer or withdrawals, a new address is generated for the same account so that we can have a track of how much we have saved. Good place to be part of. Thank you blockchain.


Hi, upon reading you comment, I've found out that you are only using blockchain wallet? So I guess you don't buy bitcoins? Because what I know is that you cannot buy bitcoin using your blockchain wallet?  I suggest you should try creating new bitcoin wallet in websites or companies available in your country so whatever happened, you still have another wallet.Smiley
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August 03, 2016, 03:21:52 AM
 #146

I use 2 wallets to store my Bitcoin. One of them is a coinbase wallet and the other one is my ledger wallet. Coinbase is for my phone and quick transactions and my ledger wallet is for long term saving.

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August 03, 2016, 10:40:31 AM
 #147

I am using three wallets at the moment alternatively I have my bitcoins at various places as an investment so basically my bitcoins are diversified. I haven’t used any offline wallet so far but I am going to try it soon. My major wallet is with a service provider where I store my purchased bitcoins, I rarely keep my all bitcoins at one place and especially after such incidents of wallet providers hacking news I will stay refrain from keeping all eggs in one basket.

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August 03, 2016, 05:06:57 PM
 #148

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

Right now I am using 2 multiple wallets 1st is bitcore and the one is a wallet from exchange platform. I keep it for awhile in the exchange it is because I invested there in different altcoins and once I multiple  it for 100x I'll transfer it to my wallet in bitcoin core. that's it very simple. Grin


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August 03, 2016, 06:20:17 PM
 #149

I am using three wallets at the moment alternatively I have my bitcoins at various places as an investment so basically my bitcoins are diversified. I haven’t used any offline wallet so far but I am going to try it soon. My major wallet is with a service provider where I store my purchased bitcoins, I rarely keep my all bitcoins at one place and especially after such incidents of wallet providers hacking news I will stay refrain from keeping all eggs in one basket.
I'm using three wallets as well. I have an offline wallet which I store most of my coins for convenience, an online wallet which I receive my coins from various services that I do including the signature campaign and I also have another online wallet which is from an exchanger but I never leave any coins there overnight. I only put in coins whenever I am to use them and after I'm done, I withdraw the coins.
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August 03, 2016, 07:32:20 PM
 #150

I am using three wallets at the moment alternatively I have my bitcoins at various places as an investment so basically my bitcoins are diversified. I haven’t used any offline wallet so far but I am going to try it soon. My major wallet is with a service provider where I store my purchased bitcoins, I rarely keep my all bitcoins at one place and especially after such incidents of wallet providers hacking news I will stay refrain from keeping all eggs in one basket.
I'm using three wallets as well. I have an offline wallet which I store most of my coins for convenience, an online wallet which I receive my coins from various services that I do including the signature campaign and I also have another online wallet which is from an exchanger but I never leave any coins there overnight. I only put in coins whenever I am to use them and after I'm done, I withdraw the coins.
I actually have 4 wallets- two for long-term storage and two for short-term. I like splitting my cold wallet up as it reduces losses if one is hacked, and the other two are used for everyday transactions. The way I see it, the more wallets, the more recovery codes you need to keep, but the more security you'll have.
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August 03, 2016, 09:14:47 PM
 #151

I use multiple bitcoin wallets because I have some of my bitcoins on online wallet and for that I keep them in different wallets for the security and also I have doubt that if an online wallet go down for a while then I will not be denied from my bitcoin in any emergency.


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August 03, 2016, 10:07:21 PM
 #152

Yep i am using now two online wallets which xapo wallet and my local bitcoin wallet coins.ph. they are really useful cause they store my satoshis securely and also for converting it to my currency. I only have problem with these wallets coz these wallets should not have any transaction with gambling coz im gonna get banned. This is scary.
a lot of people use different wallets just like you though i dont see the purpose for that, i think it is just better to use one address because it is easier

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August 03, 2016, 11:18:23 PM
 #153

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

Right now I am using 2 multiple wallets 1st is bitcore and the one is a wallet from exchange platform. I keep it for awhile in the exchange it is because I invested there in different altcoins and once I multiple  it for 100x I'll transfer it to my wallet in bitcoin core. that's it very simple. Grin
never strored online too much it could hurt you later ,
we can not believe anybody online ,
using bitcoin qt are the safest and anonymous way to store your bitcoin ,
only fill the online wallet with a daily use amount.

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August 03, 2016, 11:37:48 PM
 #154

Yes, I use multiple bitcoin wallets to store my bitcoins. I do it for a number of reasons. For one, it helps me keep track of/budget my coins. I have several online and offline wallets for savings/hodling, a wallet for miscellaneous spending, a wallet for gambling, a couple of wallets that I use for receiving payments from various sources, along with a few more wallets I keep for specific purposes.

Also, having my bitcoins in various different wallets both online and offline means that I can't lose all my bitcoins in one fell swoop - either from someone hacking my shit or from me being careless.
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August 03, 2016, 11:59:56 PM
 #155

I have several accounts in different wallets, but to be honest I an carrying out most of my transactions through one of them, because I prefer to keep things easy to avoid confusions, although my other wallets could be helpful in case that my bitcoins and transactions grow.


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August 04, 2016, 12:01:15 AM
 #156

I have no big amount of money to make mutiply bitcoin wallets, but i know that people with good money doing it to save their money more safty.

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August 04, 2016, 12:02:53 AM
 #157

Of course who doesn't now a days with all the wallets being hacked into.
It would be foolish not too!  Roll Eyes

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August 04, 2016, 12:07:19 AM
 #158

Of course who doesn't now a days with all the wallets being hacked into.
It would be foolish not too!  Roll Eyes

Having multiple wallets is one thing. If you are worried about hackers, then you should point your focus at security of your computer and securing your wallet files with a strong passphrase. If you are really paranoid, then you can even choose to encrypt your wallet files on top of that.

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August 04, 2016, 12:07:33 AM
 #159

I use two wallets fist wallet is online wallet ( bloctrail) and The second wallet is offline wallet (vanitygen), remember never put the eggs on one basket always becareful with your money.

Yeah right, I personally use three different wallet is blockchain.info, electrum, and Coinbase then split my bitcoin. to avoid unwanted things. and most importantly do not store large amounts of funds in just one wallet providers especially in the exchanger wallet.

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August 04, 2016, 01:12:28 AM
 #160

Yes, I use multiple bitcoin wallets to store my bitcoins. I do it for a number of reasons. For one, it helps me keep track of/budget my coins. I have several online and offline wallets for savings/hodling, a wallet for miscellaneous spending, a wallet for gambling, a couple of wallets that I use for receiving payments from various sources, along with a few more wallets I keep for specific purposes.

Another a new experience I learned from you, the point is to break your amount into some partial and reserve some wallet with different purpose and usefulness. and it gives more level security if you getting a crime in once of your wallet.

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