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Author Topic: Do you use multiple Bitcoin Wallets to store your Bitcoins?  (Read 10120 times)
springgers
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October 16, 2016, 04:07:34 AM
 #281

Smart guy. If you have big amounts, that's the best way...
Well, multiple paper wallets sounds a nice way to keep you money safe. I think one Bitcoin in each wallet is good enough.
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October 16, 2016, 05:51:23 AM
 #282

I think it is not only smart but mandatory to use more than one bitcoin wallet. I also had to join another api today because one program on internet is launching and I need to use this api for storing my btc for this new program, so always adding more processors, apis and wallets lol.


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October 16, 2016, 06:01:38 AM
 #283

I have four different online wallets,But I am using only two wallet as my main wallet for sending and recieving transactions. My 2nd wallet is for giveaways, lottery wins, and my winnings for gambling. my other two wallets are inactive cause i dont have a purpose to use them.


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October 16, 2016, 06:03:53 AM
 #284

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
yeah I agree with you in addition you will gain knowledge about the wallet you will also get a higher security when using many wallets, I think not a problem to be confused because it has a lot of purses, at least you minimize the risk of losing bitcoin

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October 16, 2016, 06:11:37 AM
 #285

Yes, i do use many different wallet to store my bitcoin. It is more  secure than using only one wallet. If someone hack your wallet which contains all of your bitcoin, you might lose everything. You can prevent this situation by split your bitcoin into many parts and keep them in various wallet like i do

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October 16, 2016, 06:16:46 AM
 #286

I used 2 wallets they are jaxx.io and mycelium, actually for bitcoin's wallet i just used mycelium and jaxx.io be used for altcoins. I could made sign massages on mycelium wallet and i could saved many altcoins on jaxx.io. between jaxx.io and mycelium there are deficiency and advantages.

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October 16, 2016, 07:09:32 AM
 #287

Of course is better to use at least two wallets for keeping bitcoin, it's really safe. Why not if its not so hard to do it and it's working.
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October 16, 2016, 08:28:27 AM
 #288

I do believe in decentralization and don't put all the eggs in same basket. I am using at the moment four wallets for different tasks from storing my Bitcoins though the quantity is not very big but for me it is. For gambling purposes is separate wallet and for money transfers and other things to deal is totally different wallet. I don't mix them up with one another.
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October 16, 2016, 09:20:20 AM
 #289

Of course is better to use at least two wallets for keeping bitcoin, it's really safe. Why not if its not so hard to do it and it's working.
yeah , but still with single wallet you can create multiple adress and then by saved its private keys in a safe place you can make a better safest wallet . and your btc will not go anywhere . you will manage it safely .


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October 16, 2016, 09:22:58 AM
 #290

Yes I do use multiple bitcoin wallets to store my bitcoins as it can diversify the risk of loosing them, as may be I can loose them with my own mistake or may be hackers hack my wallet, so its better to put them at different places.
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October 16, 2016, 10:17:07 AM
 #291

I don't know why some people use many wallets.i am satisfied with blockchain wallet. i feel total secure work blockchain wallet because it's official one and other wallet makes me fear of scam. i know they will definitely scam asu some stage.
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October 16, 2016, 10:25:21 AM
 #292

I don't know why some people use many wallets.i am satisfied with blockchain wallet. i feel total secure work blockchain wallet because it's official one and other wallet makes me fear of scam. i know they will definitely scam asu some stage.

Not sure if you have heard it already, but blockchain.info has been in the news recently as hackers gained access to user accounts. This just shows that nothing stored on the internet is safe. That's why you should always have your coins in your PC instead of having a third party control them.

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October 16, 2016, 11:04:15 AM
 #293

No i love blockchain and i use only 1 wallet to store my bitcoin. Yes i have less bitcoin but even if I had much more amount then also i would have used only 1 wallet. It makes me happy when i see huge amount in 1 wallet then to see separate wallets.
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October 16, 2016, 11:31:39 AM
 #294

I stated by using blockchain.info wallet as that time it was sufficient for my needs and for a good period of time I was having only wallet which is online. Later on I also downloaded desktop Bitcoin's wallet to have main funds in my own possession. I secured my wallet with every necessary actions and these two wallets are in my use.
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October 16, 2016, 11:49:08 AM
 #295

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 used multiple accounts to store my bitcoin. It is because I want to secure it perfectly, I am much confident and had a peace of mind too if I'm the one who manage and taking care my own bitcoin.

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October 16, 2016, 01:40:12 PM
 #296

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 used multiple accounts to store my bitcoin. It is because I want to secure it perfectly, I am much confident and had a peace of mind too if I'm the one who manage and taking care my own bitcoin.
Every smart people should have different wallet online, that is to minimize the risk as we cannot see the future, it could be stolen and all our investment are gone, you do not call it a savings instead so it is just good to diversify it.



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October 16, 2016, 01:46:11 PM
 #297

....
Every smart people should have different wallet online, that is to minimize the risk as we cannot see the future, it could be stolen and all our investment are gone, you do not call it a savings instead so it is just good to diversify it.

using multiple bitcoin wallets is not really "being smart" you can have only 1 bitcoin wallet and be the safest possible. i believe you should call it paranoid instead of smart.

making a secure bitcoin wallet which is always offline and stays that way is not really hard, and i am talking from 2 years of experience with having only one bitcoin wallet on an offline linux system.

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October 16, 2016, 01:50:05 PM
 #298

I am using only single wallet at a moment as I don't have enough bitcoins with me so it doesn't make any sense to use multiple wallets but in future if I can manage to have more coins then I would go for multiple.

RocketSingh
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October 16, 2016, 01:51:38 PM
 #299

making a secure bitcoin wallet which is always offline and stays that way is not really hard, and i am talking from 2 years of experience with having only one bitcoin wallet on an offline linux system.
That means u dont use your bitcoin. For those who use bitcoin regularly, needs to wallet... one online and one offline.

pratap11
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October 16, 2016, 01:57:49 PM
 #300

I am using a single wallet at this time,which is block.io because i like its simplicity.No need for me to use more that one wallets because my bitcoin earning are really low and i am not even able to fill my single wallet with much bitcoins,may be when i earn more then i will use another bitcoin wallet.
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