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Author Topic: Do you use multiple Bitcoin Wallets to store your Bitcoins?  (Read 10472 times)
calkob
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October 10, 2016, 07:24:34 PM
 #261

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 know what you mean,  i usually split my bitcoin over multiple paper wallets which are far more secure.....
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October 11, 2016, 03:49:20 AM
 #262

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.
use a lot wallet will multiply the fee would you spend .. and it was very detrimental to us ..

Yes, sorry. I messed up my wording. It is a collection of addresses, not a collection of wallets Tongue.

I don't think the fee for having a lot of wallets is very high because for me that is just only a very small portion of your earnings or amount that you are going to send to someone. But for storing my bitcoins I don't use multiple wallets because that is going to be a waste of time for me, so I am sticking to one bitcoin wallet only.

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October 11, 2016, 03:56:58 AM
 #263

i had created wallet in blockchain, mycellium and xapo but i use only one wallet that is blockchain. other wallet i   had created due to force and compulsory. I love blockchain dur to its extra security that is little tougher to crack than xapo, and mycellinium.
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October 11, 2016, 04:00:37 AM
 #264

Not really why? because if i m going to use many bitcoin address i need to write it done to my notepad so that i can easily know where the bitcoin address for and its hard for me also to do that things my memory is good in memorizing

I agree. lot of wallet make you confuse which one is your main wallet and other is side wallet. But if you are really in a long time in bitcoin you realize that you need a lot of wallet to earn more purposes Cheesy So thats why then you can memorize or find what is your main wallet and other.
You know don't know where to use right ? some people are using multiple wallets but not because they want too but because they want to use it for gambling and another purposes like investment maybe its so hard for me to use multiple wallets maybe if i had so much bitcoin to save.


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October 11, 2016, 04:05:27 AM
 #265

I have many bitcoin wallets but i only use 1 bitcoin wallets to store my bitcoins. Because it's more easier than have many wallets to keep our bitcoins.
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October 11, 2016, 04:15:44 AM
 #266

I have different bitcoin wallets from xapo, blockchain, coinbase, a web wallet from our country and mycelium wallet because I'm a mobile user also, But my main account is mycelium and I use my other wallet to send and receive with small amounts of bitcoin and to receive it from gambling sites from their promotions or giveaways from this forum.

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October 11, 2016, 06:03:00 AM
 #267

You have to only use wallets that you can trust.
I won't make any sense even if you split your money to different wallets but you forget their credentials later on.
In the end, you still lost your money.
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October 11, 2016, 06:04:05 AM
 #268

Yes. Multiple wallets multiple uses/sources.

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October 11, 2016, 06:09:41 AM
 #269

I am poor fellow I have only 0.04 bitcoin in my wallet so i have happy with 1 wallet only. I think all his will help me to learn how to earn bitcoin. Now i am doing only trading and I had suffered 0.01 btc losses. So i am less interested in bitcoin.

Not interested in bitcoin just because of a 0.01btc loss? Come on! Try to grow your patience level a bit more because this is internet, here everyone get scammed or pick up losses and people loss more than 2 or 3 bitcoins sometimes and you lose just a few bucks. Don't think about that but think about the time coming ahead where you will own way more than what you have now and then you will have to use multiple wallets for saving your coins.

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October 11, 2016, 06:38:29 AM
 #270

I used multiple bitcoin wallet but our local bitcoin wallet is much usable for me because it has more services offer that can make your life easy. And also easy to cash out.
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October 11, 2016, 07:15:30 AM
 #271

You have to only use wallets that you can trust.
I won't make any sense even if you split your money to different wallets but you forget their credentials later on.
In the end, you still lost your money.
Agree with you, even in the one wallet we can make many address which can be used. But there are some people with a specific purpose using more than one wallet. What do you think ?
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October 11, 2016, 07:31:13 AM
 #272

I never want to use other bitcoin wallets because there are allot that cant be trusted you know the most commend used is blockchain and that is the only
one i trust so other ones can kiss my ....
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October 11, 2016, 07:31:14 AM
 #273

I dont want to use bitcoin wallets and that is because my wallet was empty when i stored some coins on it and from that time i am only holding my coins local on my hard drive
never using bitcoin wallets again!
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October 11, 2016, 07:51:38 AM
 #274

I have many Bitcoin wallets but only selected few of them contain BTC, I'm someone that is brand loyal once I found a service good and secure enough for me I stick with it and I don't see the need to spread my BTC that much


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October 11, 2016, 08:03:18 AM
 #275

I dont want to use bitcoin wallets becuase i dont trust them you know i want to store my own coins local and that is why i am never losing a coin again
some people are getting rid out of their wallet.
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October 13, 2016, 06:03:03 PM
 #276

I have only blockchain wallet registered in. I read review 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.
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October 15, 2016, 10:01:55 AM
 #277

I too do the same and keep in different PC wallets, I think it's relatively safer and the possibility of a program closing or crashing in the same time, Although if your PC is compromised then all of them are at risk unless you are securing them with a password and keep the keys encrypted.

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October 15, 2016, 11:23:43 AM
 #278

I think it is safer to distribute your coin to a different wallet, putting all of your coin in one wallet is not recommended, plus using multiple wallet going to give you knowledge about the advantage and disadvantage of different wallet, and by using different wallet you are going to have better coin management

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October 15, 2016, 11:00:33 PM
 #279

I still use online wallet, and I didn't think in using PC wallet, but after the last hijack of Blockchain DNS I changed my mind, I decided to save the greatest amount of my Bitcoin in a PC wallet, and will keep some coins in Blockchain for the important deals. I think this is the best solution to avoid losing my money.


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October 15, 2016, 11:03:03 PM
 #280

Yes I am using multiple bitcoin wallets to store my bitcoins because I do not like to put all my bitcoins in one place as I do not want to lose all my bitcoins if any place get hacked.
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