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Author Topic: Do you use multiple Bitcoin Wallets to store your Bitcoins?  (Read 10155 times)
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August 04, 2016, 01:34:04 AM
 #161

as for me, i use multiple wallets for many purpose,like xapo and coinbase for spendable amount since i dont controll the private key i think it will not safe if we're storing high amount out there.
The alternative is blockchain,info and for storing high amount i use paper wallet and it's for long term investment purpose.

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August 04, 2016, 01:46:06 AM
 #162

It doesn't matter where you keep them in addresses I mean because if one bitcoin address could be hacked then all of them are at risk.


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August 04, 2016, 01:46:43 AM
 #163

You know I still use a Xapo faucet, so I have a Xapo wallet.  It's a complete time-waster but I'm somewhat addicted to it.

All my coins are held on my phone.  My primary wallet is Mycelium, which is great and I have no complaints with.  I also downloaded that bitcoin wallet for Android which is very similar to the LTC, DOGE, and Dash wallets.  I don't know how good that one is, but I'm pretty happy with all of them.  I don't keep any coins on Xapo, because I don't trust them enough to do so.

I used to use the blockchain wallet but don't anymore, and also that inputs.io (?) wallet.  I'm staying away from web wallets.

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August 04, 2016, 01:57:42 AM
 #164

I have 2 bitcoin wallet to store my bitcoin, the one is to received the bitcoin from signature campaign and other source of my bitcoin earnings and the other one is for online transaction because it is very fast to confirm my transaction made.

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August 04, 2016, 02:10:06 AM
 #165

You know I still use a Xapo faucet, so I have a Xapo wallet.  It's a complete time-waster but I'm somewhat addicted to it.

All my coins are held on my phone.  My primary wallet is Mycelium, which is great and I have no complaints with.  I also downloaded that bitcoin wallet for Android which is very similar to the LTC, DOGE, and Dash wallets.  I don't know how good that one is, but I'm pretty happy with all of them.  I don't keep any coins on Xapo, because I don't trust them enough to do so.

I used to use the blockchain wallet but don't anymore, and also that inputs.io (?) wallet.  I'm staying away from web wallets.

Lately there have been a lot of hacking or just lies that they have been hacked. This will grow more if the price keep increasing. Seeing a lot of money in it, bad intentions will be there. We have to keep our money safe in our own ways. I am starting to get scared with my bitcoin wallet too. You dont know what could happen.

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August 04, 2016, 05:24:53 AM
 #166

Not only bitcoin wallets i prefer to use multiple exchanger also which is quite necessary to minimize the potential loss by the hacking event. Just like how many have lost their bitcoin in bitfinex hack yesterday.
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August 04, 2016, 05:49:40 AM
 #167

I see that almost all the posters here do use multiple wallets to store their bitcoins.
I do understand the need in terms of security and the "don't put all your eggs in one basket" thingy but I still prefer to use one wallet only.
Why? Because I tried to use multiple wallets before and I must admit that I got confused.
Too many accounts with different passwords and passphrases and recovery emails. I never got used to that.
But however, I can say that it's okay for me to use one main wallet only because this wallet I used is based from my country.
I mean the support is easy. And I know where their office is. So, I think it's just okay.

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August 06, 2016, 02:30:47 PM
 #168

I see that almost all the posters here do use multiple wallets to store their bitcoins.
I do understand the need in terms of security and the "don't put all your eggs in one basket" thingy but I still prefer to use one wallet only.
Why? Because I tried to use multiple wallets before and I must admit that I got confused.
Too many accounts with different passwords and passphrases and recovery emails. I never got used to that.
But however, I can say that it's okay for me to use one main wallet only because this wallet I used is based from my country.
I mean the support is easy. And I know where their office is. So, I think it's just okay.

You are not a gambler right?  Cheesy You will see why a lot of people here are also using many wallets for gambling purposes also. Some are for safety. A friend once told me "never use your main wallet for withdrawal or deposits in gambling sites" I think it is about the hacking issues also and to prevent knowing all profile about you.

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August 06, 2016, 02:56:41 PM
 #169

Yes, i have many wallets for store my bitcoins and i also have many addresses. I have many bitcoins wallets because i want seperate my money, like 1 for gambling and 1 for any else.
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August 06, 2016, 03:46:27 PM
 #170

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

Usually I use only one wallet when storing my unused bitcoin, but if you count those BTC  am trading, sure I use multiple exchanges wallet to store my Bitcoin for trading, well, we can't avoid it since if you are an active trarder you will have different exchanges to trade to and making it more wallet to store your bitcoin for intended trades.

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September 07, 2016, 10:09:33 PM
 #171

You know I still use a Xapo faucet, so I have a Xapo wallet.  It's a complete time-waster but I'm somewhat addicted to it.

All my coins are held on my phone.  My primary wallet is Mycelium, which is great and I have no complaints with.  I also downloaded that bitcoin wallet for Android which is very similar to the LTC, DOGE, and Dash wallets.  I don't know how good that one is, but I'm pretty happy with all of them.  I don't keep any coins on Xapo, because I don't trust them enough to do so.

I used to use the blockchain wallet but don't anymore, and also that inputs.io (?) wallet.  I'm staying away from web wallets.

People leave their phones on trains and buses and park benches all the time.  I'd suggest shifing some off of your phone to a more secure location and just keep some day-to-day funds there.  Buy all means keep a few BitCoins on your phone, but not all of them.  (Would you carry all your cash in your wallet?)
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September 08, 2016, 12:48:09 PM
 #172

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.
i use some different wallets also just because to have more safety if one wallet gets hacked or something like that
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September 08, 2016, 01:05:33 PM
 #173

I use a lot of my wallet to ensure privacy. because I believe in the existence of some wallet will make the money I have not seen by others.



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September 08, 2016, 01:09:02 PM
 #174

It doesn't matter where you keep them in addresses I mean because if one bitcoin address could be hacked then all of them are at risk.
a wallet could contain so many address and wallet is definitely different with an address,and as you say if people are using various wallet but keeping the money in the same address or even using that address's privkey in various wallet,it's the same or i say such a useless effort

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September 08, 2016, 02:02:56 PM
 #175

I use a lot of my wallet to ensure privacy. because I believe in the existence of some wallet will make the money I have not seen by others.

you are indeed a true friend and very precise. Because I sometimes less comfortable against the wallet that I have, so I have to change or have some purses to make sure that money that I have perhaps safe from hackers. Because there are some cases which deals about the leaked bitcoin wallet or hacking exposed


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Nimbulan
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September 08, 2016, 02:22:30 PM
 #176

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.
i dont see why people are actually using that much wallets i just have one wallet and it is definitely enough for me

Altynbekova
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September 08, 2016, 02:33:29 PM
 #177

yes I do use multiple wallets right now because its just  bit safer than normal, if you spread your bitcoins in different wallets its safer so if you wallet get hacked they will only steal a small amount of bitcoins.
Its just a sort of security measurement to be sure your bitcoins are secure and safe.
randy8777
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September 08, 2016, 02:42:19 PM
 #178

yes I do use multiple wallets right now because its just  bit safer than normal, if you spread your bitcoins in different wallets its safer so if you wallet get hacked they will only steal a small amount of bitcoins.
Its just a sort of security measurement to be sure your bitcoins are secure and safe.

if a hacker steals your wallet file and manages to access your coins, then it means that you secured your wallet file with a weak password, or maybe you didn't had a password at all. always make sure you use long passwords with random symbols to secure your wallet files. that way a hacker won't be able to steal your coins when they have your wallet files.
btcdevil
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September 08, 2016, 02:50:31 PM
 #179

yes I do use multiple wallets right now because its just  bit safer than normal, if you spread your bitcoins in different wallets its safer so if you wallet get hacked they will only steal a small amount of bitcoins.
Its just a sort of security measurement to be sure your bitcoins are secure and safe.

if a hacker steals your wallet file and manages to access your coins, then it means that you secured your wallet file with a weak password, or maybe you didn't had a password at all. always make sure you use long passwords with random symbols to secure your wallet files. that way a hacker won't be able to steal your coins when they have your wallet files.

what ever password you put, if the hacker hack your computer and steal the passphrase of your desktop wallet then you can do nothing, So it is upto you that where you keep your wallet,

I am using both desktop wallet and online web wallet, desktop wallet for investment that i use it only for storing my Bitcoins for future expenses, and i keep that wallet in a pendrive and when ever i am in need i use it on clean computer and as soon as my work finish i just uninstall after taking backup in pendrive. That way i am secure

Web wallet i am using for my daily work as i am using coinbase and their security level is very good, as soon as anyone uses my wallet on new ip they will first check with sms code and after that email confirmation, so in this two way i am fully secure.

n691309
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September 08, 2016, 03:02:48 PM
 #180

I have my hardware wallet which I ordered recently and it is the Ledger HW.1 and saying the truth it looks like a cheap USB but in fact it holds bitcoins and it does it job simply and good enough. I'm using it as a cold wallet so for me using more than one wallet is good because you see the potential of other wallets as well.

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