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Author Topic: Do you use multiple Bitcoin Wallets to store your Bitcoins?  (Read 10125 times)
boyptc
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October 16, 2016, 02:14:04 PM
 #301

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.

Well for me you don't have to even have offline wallet because that is just going to be applicable if you are going to hold a lot of bitcoins to be stored with your offline wallet. But for me, using online wallets are already helpful and I do use multiple wallets so that I am able to allocate my funds for paying my bills and just for saving.

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October 16, 2016, 03:17:33 PM
 #302

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.
Block.io can only be good for small level merchants and i don't like to use them as web wallets for daily life. You can take a look at blockchain.info , coinbase.com , xapo and electrum wallets which are meant to be online wallet and block.io is better for merchants to accept payment from customers.

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October 16, 2016, 04:00:04 PM
 #303

yes there is a lot of people are using multiple bitcoin wallet for securing their bitcoin and i think it very good way to make a multiple bitcoin wallet so then no one can be hack our all bitcoin from our bitcoin wallet .
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October 17, 2016, 01:56:57 PM
 #304

Yeah of course I make use of multiple wallets because at this point you have to do that in order to protect your Bitcoin so that you cannot lose them all at once.
If I now lose one wallet it is not going to hurt me as much Because I still have some more.
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October 17, 2016, 02:01:21 PM
 #305

Yes, I do have multiple Bitcoin wallets but I didn't do it specifically to store my Bitcoins. The first Bitcoin wallet that I'm using is a local one and it allows me to buy this and that from services that is available in my country. It also lets me top up my phone, the conversion into my local currency is also shown.

Behind all these awesome features, the wallet website doesn't let me sign a message with my address. We tried talking to them about this and they only said something like "Sounds cool!" so me and my fellow Bitcoiners had to create another wallet on Blockchain to sign a message.


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October 17, 2016, 02:06:21 PM
 #306

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.

Yeah because the "need" is the one which really dictates it. If you feel like you don't need multiple wallets then don't do it.
It just happens that you need to somehow secure your coins (because you have a lot of it) so you had to make many wallets.

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October 17, 2016, 03:58:31 PM
 #307

I am happy with blockchain official wallet and i use only that. Other 3rd party wallet are trustless in my opinion and I can't take risk of my self earned money. But due to force i had once created xapo wallet but never used that.
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October 17, 2016, 07:45:21 PM
 #308

I don't have mush money and maybe that is why I feel safe using just one wallet. I am also not aware how often people hack the passwords and get the money. I thought that most of us do very complicated passwords, so it is really hard for some program to steal our Bitcoins.

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October 17, 2016, 08:31:21 PM
 #309

yes of course, i use multiple bitcoin wallet too like other people, because i remember the sentence "don't put all of your egg in just a basket" so i split my all bitcoin in multiple wallet.
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October 17, 2016, 08:57:18 PM
 #310

to me as i have a good amount of bitcoins that i mostly invest in alt coins, so for security purpose i have to use multiple wallets so as to keep my bitcoin safe and out of reach of hackers.
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October 17, 2016, 09:01:02 PM
 #311

I do. I'm using dozens of paper wallets to store my Bitcoins and I feel WAY safer. It's there in my home somewhere hidden which makes it impossible for hackers to find them. And I don't think thieves in my country really know about Bitcoin Cheesy
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October 17, 2016, 09:06:59 PM
 #312

I currently use a few wallets to store my Bitcoin, however it isn't really anything excessive and it's only something like one or two for right now. If I really wanted to I could easily set up and split my Bitcoin among a ton of different wallets, but I just don't want to do that right now.














 

 

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October 19, 2016, 10:20:08 PM
 #313

You need to make use of multiple wallets because if you manage to lose the wallet where you have stored all of your bitcoin then you are screwed because you have lost them all at once.
If you have more then one then you can spread the bitcoin if you lose one you still have some left.


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October 19, 2016, 11:27:27 PM
 #314

Went through a spell where blockchain was no longer allowing my old computer to connect,so I had to find a go between till I got my new computer.
Think it is not a bad idea to have multiple wallets,find some are better for me on my cellphone when I am hitting a atm. For some reason Blockchain does not feel smooth to me when I am operating it on my cell,so I use mycellium and everything appears to move quicker. Might just be I am struggling to learn the new blockchain or a perception biases.

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October 20, 2016, 12:05:12 AM
 #315

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.
Like the bitfinex's cases, I don't think a lot of their member are online at the time bitfinex are gonna get a hacked by someone. online or offline need more researching about the wallet of bitcoin have you used it. but if using the offline wallet I think that is always secure in your wallet online or offline.

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October 20, 2016, 01:39:47 AM
 #316

No I do not use multiple wallets at the moment because I already have a good paper wallet and that is already a good secured one so I do not want to spread my BTC.
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October 20, 2016, 03:27:12 AM
 #317

Using too many wallets would really confuse  you and  might able to forget some  of it and  would lost  bitcoin for sure but its  somehow ideal  to use  multiple wallets  if you have  lots of bitcoin  but  if you do only posses a few  theres no sense  on  making  another new wallet.

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October 20, 2016, 05:41:37 AM
 #318

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.
Like the bitfinex's cases, I don't think a lot of their member are online at the time bitfinex are gonna get a hacked by someone. online or offline need more researching about the wallet of bitcoin have you used it. but if using the offline wallet I think that is always secure in your wallet online or offline.

Bitfinex is not a wallet. It is an exchange site. And leaving your coins on the exchange sites is not a good practice. Those people who treats their bitfinex account as wallet should have learned their lessons by now. You need an online wallet so you can spend your bitcoins easily, which is good for bitcoin economy. Most of your bitcoin should be in your cold wallet.

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Siyas
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October 22, 2016, 08:12:51 PM
 #319

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.
Skarner21
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October 22, 2016, 08:48:09 PM
 #320

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.
Like the bitfinex's cases, I don't think a lot of their member are online at the time bitfinex are gonna get a hacked by someone. online or offline need more researching about the wallet of bitcoin have you used it. but if using the offline wallet I think that is always secure in your wallet online or offline.

Bitfinex is not a wallet. It is an exchange site. And leaving your coins on the exchange sites is not a good practice. Those people who treats their bitfinex account as wallet should have learned their lessons by now. You need an online wallet so you can spend your bitcoins easily, which is good for bitcoin economy. Most of your bitcoin should be in your cold wallet.
Yeah right its not good to stay your bitcoin the same as in bitfinex that can be collapse in the future.. for me i use electrum to store my bitcoin for a long time because i can backup my private keys and password that i can install it to other wallet if i needed..
And other online wallets like coinbase for my small transaction so they cover the fee for transactions..

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