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Author Topic: Do you use multiple Bitcoin Wallets to store your Bitcoins?  (Read 10472 times)
error08
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October 28, 2016, 08:22:50 PM
 #341

I'm using multiple wallet too, I think it safer than just one where you can put apart your bitcoin.
moreover, there are several options wallet available for that has it own advantages. I'm not a wallet expert, just using two of them like blockchain and xapo.
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October 28, 2016, 09:11:00 PM
 #342

I use about three wallets one in my phone so I could buy something in the real world with bitcoin, unfortunately it has gone unused so far, another for daily use and the final one where I store most of my bitcoin.

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October 28, 2016, 09:43:41 PM
 #343

I keep some bitcoin on paper wallets. Some bitcoin I keep on an exchange to use for trading but I don't keep the majority of it on an exchange for security reasons.
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October 28, 2016, 10:13:13 PM
 #344

I use 3 different wallets because it is much safer (imagine if your account gets hacked u lose all your bitcoin  Cry ) but i use Xapo as my main waellet cuz it is faster

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October 28, 2016, 10:31:02 PM
 #345

Yes, I do use multiple wallets. Although admittedly some only have a few hundred bits while others, which I use more often would get majority of what I'll use for that week or so. I use 5-6 wallets. One in desktop, one is my local exchange, the others are blockchain, coinbase, crypto-pay and xapo(not much).

As we all know, never put all your eggs in one basket. Really can't be too careful especially with all the hacks going on. Also, I usually only put enough funds on web wallets which I would use for the week or for payments,shopping,etc. Can't hurt taking extra precautions. I've also been thinking of getting a more secure one like ledger or something. Haven't tried/stored in a paper one yet.


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October 28, 2016, 10:59:38 PM
 #346

nope i use only one wallet to store my bitcoin because I have only few amount of bitcoin that if i store my bitcoin in 4 5 wallets then then each wallet will have pony 2 3 dollar. and i am not so rich that I could use multiple wallets to store huge amount of money.
Lol I think if you only have a little money you do not need to use a lot wallet, because it will only be bothersome and confusing,
try using one wallet safe enough


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October 28, 2016, 11:05:19 PM
 #347

nope i use only one wallet to store my bitcoin because I have only few amount of bitcoin that if i store my bitcoin in 4 5 wallets then then each wallet will have pony 2 3 dollar. and i am not so rich that I could use multiple wallets to store huge amount of money.
Lol I think if you only have a little money you do not need to use a lot wallet, because it will only be bothersome and confusing,
try using one wallet safe enough
using one wallet online is not at all a safe method,you need multiple wallets and make sure you keep the large amount in a cold storage rather than a hot wallet
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October 28, 2016, 11:39:48 PM
 #348

I keep some bitcoin on paper wallets. Some bitcoin I keep on an exchange to use for trading but I don't keep the majority of it on an exchange for security reasons.
yeah you can see a lot of events before that some exchange site to be a scam and you should be careful in using the funds in exchange, do not keep too long in the exchange

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October 29, 2016, 12:52:02 AM
 #349

Everyone should have at the very least a minimum of 2 wallets, a hot wallet and cold storage, even if you don't have a lot of coins you still need two.

Personally i used to try out every wallet released but don't have time for that anymore.
Now i have 3 main wallets, online wallet, Mycelium for phone and good old paper for the cold storage needs.

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October 29, 2016, 04:12:32 AM
 #350

now I have only one Wallet to store all my bottom. i feel ready with one wallet because i am student and I don't have that much time to switch or log in to multi wallets for transaction. so 1 wallet servers me very well and I don't have too much amount to store in separate wallets.
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October 29, 2016, 04:20:37 AM
 #351

i think 1 wallet is enough. its up to you though. making multiple wallets is confusing when you know your not organized with such wallet apps/site. just an opinion from me. have a nice day sir Smiley

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October 29, 2016, 04:31:03 AM
 #352

I also do like the idea of having more than one wallet. Currently i am using coinsph wallet for cashing out good thing about it is that they do have a feature that connects coinbase wallet which is my wallet for trading. Another plus is that hey also have a mobile application

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JeffBrad12
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October 29, 2016, 06:04:57 AM
 #353

i think 1 wallet is enough. its up to you though. making multiple wallets is confusing when you know your not organized with such wallet apps/site. just an opinion from me. have a nice day sir Smiley
everyone is already making any organizing for storing the data of all wallet and i think that's will always be general things before making a lot of wallet for storing your funds. Wink

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rchstr
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October 29, 2016, 06:06:41 AM
 #354

i think 1 wallet is enough. its up to you though. making multiple wallets is confusing when you know your not organized with such wallet apps/site. just an opinion from me. have a nice day sir Smiley
everyone is already making any organizing for storing the data all of the wallet and i think what's will always be general things before making a lot of wallet for storing your funds. Wink

is there any application to do such things? or you just do it manually?

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Bliss04
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October 29, 2016, 06:07:22 AM
 #355

No i also use only 1 wallet , Xapo wallet
Trusted wallet with fast transaction processing.
quentincole32
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October 29, 2016, 06:30:26 AM
 #356

No i also use only 1 wallet , Xapo wallet
Trusted wallet with fast transaction processing.
online wallet? never mind , if you hold a large amount bitcoin any online wallet is never recommended. but well if you stored a little amount only. basically too much wallet could make you confused to figure out which one you are looking for later. but used 1 wallet only not a good decision , as you may face unexpected technical or non technical problem , who knows? so always used two wallets at least , 1 primary and the other to cover in case something bad happened.

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