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Author Topic: Do you use multiple Bitcoin Wallets to store your Bitcoins?  (Read 10124 times)
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June 30, 2016, 01:52:13 PM
 #61

I find it natural to split my coins between couple wallets. Not necessarily because I want to keep my privacy but I feel more secured this way.
But if you own only small amount of BTC, say less than 1 BTC multiple wallets are maybe overkill, as it might be a hassle (for some people) to manage all of them.

Keeping small amount of btc in online wallet (for fast transactions and quick access) and rest of your BTC stored in Armory or Bitcoin Core is the best way IMO.


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June 30, 2016, 02:10:35 PM
 #62

using multiple bitcoin wallets is not always good. you should try them and use only one or two that you find good.

because if you don't use password for them then you won't have any security and if you use passwords you have to set a different strong password for each of them and remembering all these passwords is going to be a hassle and you may even confuse them.














 

 

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June 30, 2016, 02:13:34 PM
 #63

no i am using a sing wallet for storing my bitcoin and that is enough for my bitcoin to store there.it is a reliable and trust-able wallet. i can do fully trust on that coin.
its not about the security of the wallet, its about the anonymity. if you continue to use 1 wallet forever then you arent being anonymous in bitcoin.
I use a HD wallet that always changes my public address, but i also have a paper wallet for storing funds long term.
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June 30, 2016, 02:21:50 PM
 #64

Using only one Wallet and that is Blockchain.
I think it is one of the most popular ones.

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June 30, 2016, 02:23:15 PM
 #65

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 also used three bitcoin wallet to store, one as a long-term investment because I believe bitcoin price will be very expensive in the future and the rest of the other wallet as storage for a moment.
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June 30, 2016, 02:25:40 PM
 #66

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 had 3 wallets before one year and after having some problems with my Coinbase wallet, i decided

to use only localbitcoins wallet to store my bitcoins.

There`s no 100% security even with a PC wallet  Undecided



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June 30, 2016, 02:45:30 PM
 #67

no i am using a sing wallet for storing my bitcoin and that is enough for my bitcoin to store there.it is a reliable and trust-able wallet. i can do fully trust on that coin.
its not about the security of the wallet, its about the anonymity. if you continue to use 1 wallet forever then you arent being anonymous in bitcoin.
I use a HD wallet that always changes my public address, but i also have a paper wallet for storing funds long term.

but you are not gaining any extra anonymity by doing this, because all your bitcoin addresses are easily linked together, you are just making it longer and you can easily check all of them by using something like walletexplorer to find all your addresses linked together.

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June 30, 2016, 02:50:02 PM
 #68

Using only one Wallet and that is Blockchain.
I think it is one of the most popular ones.

True, using only one wallet was a good move. because if we use a lot of wallets there is a possibility that we're going to be confused because it forgot to put funds. not just sum up the time to Transact and pick the most popular wallet is the most secure locks done, because it is definitely the most popular wallet site (BC) has a security system so tight and so secret. you are so lucky
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June 30, 2016, 05:50:22 PM
 #69

i use 3 wallet online , one of my wallet get hacked 3 days ago and my mistake because i am not set 2fa, glad i am not save all my coins in 1 wallet  or i will lost everything. 

Wait a minute, what wallet offers 2fa?
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June 30, 2016, 06:00:40 PM
 #70

i use 3 wallet online , one of my wallet get hacked 3 days ago and my mistake because i am not set 2fa, glad i am not save all my coins in 1 wallet  or i will lost everything. 

Wait a minute, what wallet offers 2fa?
Coinbase or xapo that online wallet has a 2fa to secured your wallet but you can disable this or not use for authentication before you login..
I dont recommend online wallet i already experience bad things about those wallet so i convert in electrum it is better than using online wallet even theres a fee its ok for me safetyness is the best to choose..

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June 30, 2016, 07:35:04 PM
 #71

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
forme,looking for the best is must be test all popular wallet,that will give me better choice,at first time i try  to using blockchain,and its pretty good,i never get trouble,then try local wallet on exchange,also i try coinbase,and so far i use blockchain and coinbase.

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June 30, 2016, 10:21:08 PM
 #72

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

when i didn't had much bitcoins yet,  i keeped all my bitcoins  in one wallet only  and i thought it is all right, as easier to remember password, but then i heard about wallet hacks and i use 4 now

and since i have 8 bitcoins  i simply keep 2 bitcoins  in each one of my wallets, and all are created  in different place, 2 in blockchain and so on, and  i think that i do good thing


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trickshot22
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June 30, 2016, 11:03:22 PM
 #73

Using only one Wallet and that is Blockchain.
I think it is one of the most popular ones.
to be honest blockchain.info wallet is really great in my opinion, i think there wont be any better online wallets ever because it is really newbie friendly and i use it from the beginning

i use only one bitcoin wallet right now and i think that i will never need any other wallets, i heard that blockchain.info wallet is not safe but i have never had any problems with it

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July 01, 2016, 05:36:53 AM
 #74

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
It is a personal preference.

However, it is highly recommended that we have seperate wallets for different purposes. Like most of us for example, usually, people have 2 or 3 wallets. 1 of the wallets is for spending purposes and the other/s for holding their bitcoins and readying them to use/sell when the time is ripe.
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July 01, 2016, 06:00:56 AM
 #75

using multiple bitcoin wallets is not increasing your security and it can even become a pain in the ass to keep all those wallets safe. but on the other hand you can use multiple wallets for different purposes like a cold wallet and a hot wallet for storing and spending respectively.

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July 01, 2016, 07:16:58 AM
 #76

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
Before i have a lot of bitcoin wallet. I have a blockchain Wallet. Xapo bitcoin wallet, coins.ph bitcoin wallet. And block.io bitcoin wallet, and bitbit bitcoin wallet. I have a lot of wallet before. 😂 but now i have only one bitcoin wallet. My bitcoin wallet now is coins.ph because coins.ph is my only one wallet that i can withdraw my all Bitcoin that i have. I can withdraw through real money. But. Many bitcoin wallet is very tired to manage all that wallet. Because i am the kind of person is very busy everyday. 😂😂😂
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July 01, 2016, 08:47:55 AM
 #77

I use multiple bitcoin wallet to store my bitcoin.   I feel safer that way.  And besides wether it is intentional or not I am already storing it in multiple wallet since im sending some BTC to online exchanges and trade with it.  Anyway if you ask me what Im using, I have the bitcoin wallet, the electrum, multibit.

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July 01, 2016, 08:54:45 AM
 #78

You are definitely right, storing all of your Bitcoin in one wallet is a really bad idea. If you want to safe a big amount of BTC, you should safe it in a cold storage. But for spending it, you can safe it in a mobile phone wallet.

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July 01, 2016, 09:06:54 AM
 #79

i only use two wallets, blockchain.info for my savings and a local wallet which is coin.ph to withdraw real cash. maybe i will try to use other wallet as well if have a big sum of bitcoins, i heard electrum and armory is best in terms of security.
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July 01, 2016, 09:41:29 AM
 #80

Well, first I used two of my bitcoin wallet to store, one walelt bitcoin I used to get for free, such as the signature campaign, and faucet. and wallet were only to save bitcoin I get from the business, such as investment or trade, but now I only use one wallet, because it is very inconvenient

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