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Author Topic: Do you use multiple Bitcoin Wallets to store your Bitcoins?  (Read 10472 times)
bitcoinisfurture
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June 30, 2016, 05:06:56 AM
 #41

Everybody uses multiple wallet if they have few btcs. But only you earn from somewhere or just for the fun you have purchased than mostly 1 wallet people have rest they have 5-10 wallets easily stored online and offline as well.
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June 30, 2016, 05:08:17 AM
 #42

Yes i have 2 different wallets for my bitcoin, the first and my main wallet is blockchain.info and the second is xapo. For xapo i rarely use it and only use my blockchain.
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June 30, 2016, 05:11:25 AM
 #43

for me it is good to use multiple. 1 for gambling and 1 for investment. so that i will not lose to much in gambling. hahah
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June 30, 2016, 06:57:16 AM
 #44

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 do using multiple wallet and also use multiple account providers.like don't put your all eggs in one basket.everyday hear lots of unusual story like hacking,scamming etc So  feel safe to store my bitcoin different wallet.its also seem secure you will not lose your bitcoin.thanks
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June 30, 2016, 07:03:14 AM
 #45

Yes i have 2 different wallets for my bitcoin, the first and my main wallet is blockchain.info and the second is xapo. For xapo i rarely use it and only use my blockchain.

I think you don't need to use 2 bitcoin wallet, because it can give you a mess for you, and your wallet is the best to use is indeed Blockchain.info, because blockchain always gives you the option of doing any transaction and also the security so awake
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June 30, 2016, 07:47:23 AM
 #46

Before i use multiple wallet like coins.ph and blockchain web wallet but as of now because i just find out that coins.ph is not safe to store bitcoin because if they find out suspicious transaction like your gambling and you always receive big amount of bitcoin they will not take hesitation or warn you for deactivation of your account so now i'm just using blockchain web wallet because i feel safer than using coins.ph because of the account deactivation issues.

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June 30, 2016, 07:50:29 AM
 #47

Yes i have 4 wallets to store my bitcoins,,i have coinbase,blockchain,xapo and coins.ph.
Cause if ever 1 of my wallet was hacked the btc was only 1/4 of my total btc.
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June 30, 2016, 08:33:06 AM
 #48

I have 4 accounts on 4 different wallets, but I don't usually use the 2 of them (only sometimes with small transactions), and my coins are not equally distributed for all. I have that one wallet that I store almost all my bitcoin. However, even I'm not into separating my coins equally, I agree that it's pretty safe to save your coins on different wallets, so no matter what happens, you have backups and will not lose everything. There are lots of phishing sites and hackers these days, so better to be secured.

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June 30, 2016, 11:40:27 AM
 #49

I have 3 wallet accounts, blockchain wallet, exchanger wallet, and local exchanger wallet. I use blockchain wallet to receive signature payment and for transaction. If I have much bitcoin, I transfered it to exchanget wallet or to local exchanger wallet for trading.

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June 30, 2016, 11:53:47 AM
 #50

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 do that too.
but mostly because i have been testing different bitcoin wallets and i have some bitcoin laying around in them.
but in the end i have moved most of my coins to one wallet and that is Electrum because i felt best about this one.














 

 

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June 30, 2016, 12:04:39 PM
 #51

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 do that too.
but mostly because i have been testing different bitcoin wallets and i have some bitcoin laying around in them.
but in the end i have moved most of my coins to one wallet and that is Electrum because i felt best about this one.

For me i use 2 wallets for security and for cash out basis and that is coins.ph and blockchain.

Coins.ph is only known wallet provider in our country where we can easily cash out our money eventhough we dont have bank accounts and also our wallet provider have different feature like paying bills and smart phone load but nowadays our wallet provider have many wallet locking issue thats why i use BLOCKCHAIN when storing my bitcoins for long time staking

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June 30, 2016, 12:08:32 PM
 #52

No, i only use 1 bitcoin wallet, blockchain for storing my bitcoins. But i have many addresses in my wallet for seperate my money and i prefer have multiple address than many wallet.
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June 30, 2016, 12:10:33 PM
 #53

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.

oh cool! So can you have a breadwallet and a ledger wallet within a MultiBit? Or just different MultiBit Wallets?


Do not use breadwallet, they are pushing that bip75 thing which is anti privacy. Pro privacy people is boycotting breadwallet. Wallets supporting bip75 must die, so use something else like Electrum or something.

1 wallet per person is enough unless you have a ton of coins.

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June 30, 2016, 12:27:36 PM
 #54

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.

oh cool! So can you have a breadwallet and a ledger wallet within a MultiBit? Or just different MultiBit Wallets?


Do not use breadwallet, they are pushing that bip75 thing which is anti privacy. Pro privacy people is boycotting breadwallet. Wallets supporting bip75 must die, so use something else like Electrum or something.

1 wallet per person is enough unless you have a ton of coins.

Even BIP75 is anti privacy, it could make bitcoin transaction become easier and helps user very much.
As long as i know, BIP75 is 100% optional which means we don't have to use it at all (correct me if i'm wrong)

Also, I think more than 1 wallet is important even you don't have tons of coins for some cases such as smartphone wallet for offline merchants and online shopping while paper wallet (or any kind of cold storage) to keep bitcoin safe.

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virtualkeybuyer
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June 30, 2016, 12:44:11 PM
 #55

Sometimes i forget my passwords and login details to my accounts so I also feel fear in the case of bitcoin and for that i do not save all my coins in one wallet, and the other fear is its hack. so i keep my coins in multiple accounts.

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mynameisdon
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June 30, 2016, 12:47:22 PM
 #56

Yes, i use multiple bitcoin wallet for storing bitcoin but not just for security or behind fear of losing coins its because i get payment from many places including signature campaign payment, trading, cold storage, cloud mining (in little measure), many more.

really using multiple btc wallet clear my doubts and easy to remember why these transaction made.and i recommend this to everyone.

mynameisdon
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June 30, 2016, 12:55:44 PM
 #57

Sometimes i forget my passwords and login details to my accounts so I also feel fear in the case of bitcoin and for that i do not save all my coins in one wallet, and the other fear is its hack. so i keep my coins in multiple accounts.
good job...everyone makes multiple btc wallet but not just for fear of hacking. because bitcoin is not any things which can be hack.
so now you just create multiple btc wallet for keeping safe it from malware,virus,phishing which attack your private key.so everyone do for make transaction easier not keeping safe from hacking.

lister storm
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June 30, 2016, 01:04:56 PM
 #58

Everybody uses multiple wallet if they have few btcs. But only you earn from somewhere or just for the fun you have purchased than mostly 1 wallet people have rest they have 5-10 wallets easily stored online and offline as well.
in my opinion you are actually right, sooner or later you will have to use several addresses in my opinion as you might lose some addresses or just change wallets

i use several addresses because i just have a cold storage and hot storage so their addresses are actually different, though i have never used more than 2 addresses at once
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June 30, 2016, 01:06:31 PM
 #59

This strategy is very good for people who owning big amounts of bitcoins, cause if one of wallets is hacked or just even lost,owner will not lose everything at once.

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June 30, 2016, 01:36:45 PM
 #60

This strategy is very good for people who owning big amounts of bitcoins, cause if one of wallets is hacked or just even lost,owner will not lose everything at once.
i guess you might be right about this but if you actually use different wallet addresses on the same online wallet then i guess it wouldnt help you at all to avoid getting hacked

i use only one wallet at the moment because i dont need any more of them, i put all my bitcoins to the same address because it is easier to use bitcoins for me in such way
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