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Facilitator
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July 01, 2016, 09:47:01 AM |
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I use two bitcoin wallets. One is for saving. Whenever I have accumulated enough, I will send to that wallet. The other one is for receiving and spending.
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"The nature of Bitcoin is such that once version 0.1 was released, the
core design was set in stone for the rest of its lifetime." -- Satoshi
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pandalion98
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July 01, 2016, 09:49:42 AM |
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I personally use only one wallet, which is blockchain.info. I have Mycelium on my phone but this is for backup only (in case I need to receive BTC on the go). After I get home, I usually sweep my Mycelium wallet into the blockchain one.
As a precaution, I have encrypted copies of my privkey stored on different places/devices/cloud services. Luckily, I can keep track of everything so a copy doesn't go AWOL and end up on my neighbor's phone.
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dothebeats
Legendary
 Offline
Activity: 3640
Merit: 1352
Cashback 15%
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July 01, 2016, 09:53:21 AM |
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I use a paper wallet for some of my coins generated from bitaddress.org offline and for spending or buying stuff online, I use Mycellium and blockchain.info for fast liquidity and such. I only put a small amount in my blockchain wallet, just enough for me to buy something I want or need.
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sk8LoremIpsom
Newbie
Offline
Activity: 25
Merit: 0
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July 01, 2016, 09:53:42 AM |
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Well, what I did is that I only use 1 wallet. However, I am going to generate multiple private keys thru bitaddress.org. I still have to download the webpage of the bitaddress.org and run it locally on my desktop unit. Disconnected the internet and enabled all firewall for all application without exception both incoming and outgoing for I am using windows OS.
From hereon, those generated private keys from the bitaddress.org, will be then be imported to Electrum. Thus, as a result I only need one wallet but had multiple bitcoin addresses.
I do not use the auto generated phase seed of electrum for I strongly believe in the near future a powerful computer will have enough computing power to crack and generate those seed phases and expose all the 16 different addresses or more along with it.
Having a private keys is edge since this is supported on most light client and full client nodes.
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unamis76
Legendary
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Activity: 1512
Merit: 1005
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July 01, 2016, 10:01:19 AM |
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It's kind of mandatory that you do it. I think every user should at least have a wallet for daily spending and one for cold storage. The most practical thing is probably having three wallets, cold storage, daily spending wallet on the phone and daily spending wallet on the computer...
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dinda22
Legendary
Offline
Activity: 1232
Merit: 1000
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July 01, 2016, 10:05:46 AM |
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yes I am using several wallets to save my bitcoin.
The main reason was to avoid something bad, when I got hacked.
and sometimes some wallet is always susceptible to interference, so that alternatives can use another wallet.
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wadili89
Legendary
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Activity: 1106
Merit: 1000
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July 01, 2016, 10:51:46 AM |
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i store all on my bitcoin in one account but multiple wallets yes with the coinbase i can do this inside one coinbase account i can have multiple wallets and can manage them very easily and move money between my wallets and also there are some other rich features conbase providing but sometime they can also ask for you to provide your documents if they find anything suspicious in your account
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Daneric
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July 01, 2016, 11:10:21 AM |
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To remain safe and relevant in the bitcoin market, one needs to have more than one wallets. I was once a victim of bitcoin hacking and i lost close to 3 bitcoins to a hacker. Could it have been that I had only one wallet, I could have lost everything to the hacker. Lucky enough, the wallet that was hacked was the one with less bitcoins.
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robelneo
Legendary
 Online
Activity: 3234
Merit: 1202
Bons.io Telegram Casino
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July 01, 2016, 11:48:01 AM |
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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  I think this is practical and recommended,safety should be your main concern since Bitcoin can be considered a form of investment so any amount is important and if it is an investment it should be secured and having it divided into some wallet is highly recommended |
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itsmarkoc (OP)
Newbie
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Activity: 7
Merit: 0
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July 01, 2016, 02:34:48 PM |
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Thanks for the great feedback guys, appreciate it. I totally agree with each and every one of your points raised.
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densuj
Legendary
Offline
Activity: 910
Merit: 1000
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July 01, 2016, 02:41:10 PM |
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I use two wallets online and offline wallet, i use two wallets because for security reasons. Never put the eggs on one basket. Never put bitcoin on one wallet.
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carlisle1
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July 01, 2016, 02:45:06 PM |
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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 yes i am 2 different wallets the other one is the xapo wallet i used it to store my earnings from their faucets and their bitcoin apps . and my main wallet is used to keep all my earnings from xapo and signature campaign and i also used it to cashout my btc and convert it to fiat . |
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Wandering Soul~
Sr. Member
Offline
Activity: 406
Merit: 250
Wolf
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July 01, 2016, 02:50:11 PM |
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Yes 2 walets for bitcoin. And one wallet per altcoin
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sk8LoremIpsom
Newbie
Offline
Activity: 25
Merit: 0
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July 02, 2016, 12:09:43 AM |
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Well, what I did is that I only use 1 wallet. However, I am going to generate multiple private keys thru bitaddress.org. I still have to download the webpage of the bitaddress.org and run it locally on my desktop unit. Disconnected the internet and enabled all firewall for all application without exception both incoming and outgoing for I am using windows OS.
From hereon, those generated private keys from the bitaddress.org, will be then be imported to Electrum. Thus, as a result I only need one wallet but had multiple bitcoin addresses.
I do not use the auto generated phase seed of electrum for I strongly believe in the near future a powerful computer will have enough computing power to crack and generate those seed phases and expose all the 16 different addresses or more along with it.
Having a private keys is edge since this is supported on most light client and full client nodes.
16 different privkey? sounds nitemarish In lightweight client: Electrum, after generating the phase seed, automatically by default a 16 unique BTC addresses are generated for. All of which were generated from the public key as its seed. The public key is generated from the private keys as its seed in generation. While private is generated from the phase seed. A secret phase seed. |
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groll
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July 02, 2016, 07:24:16 AM |
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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 Speaking of wallets if you are engaging in gambling please do not use coins.ph if you are from the Philippines. They are very strict if they found out you are using wallet in gambling activities they will block your account. Anyway multiple wallets is indeed good since diversion of btc deposit is urgent just in case of a attack from hacker. If one wallet is hacked or blocked your other btc is safe on the other wallet |
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Ardenyham
Legendary
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Activity: 980
Merit: 1000
Don't Hesitate to Tip me for My Helps and Guides.
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July 02, 2016, 07:56:30 AM |
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i was never save all of my bitcoin only in one wallet because it's too risky for me and currently i have 5 blockchain wallet, altcoin exchange wallet and my local exchange wallet
Having 5 wallets in the same service(blockchain) will not secure your money batter. if you want to use multi wallets then use different wallet instead of using multi wallet in the same site. I Prefer to use one online wallet for receiving and sending money. because online wallets are easily accessible all over the world and you can use them everywhere. and for Storing bitcoins I use just electrum and never open/import this wallet anywhere else (device/location) for security reason. |
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agamasrori
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July 02, 2016, 08:34:58 AM |
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Not yet, because I don't have many bitcoin, so I don't need to use different wallet to afoid risk to be hacked. But if I have so many bitcoin I should use different wallet. Just keep secret.
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akogwapo14
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July 02, 2016, 08:38:28 AM |
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Its very important to be carefull with your bitcoin create multiple wallet is recommended if someone of them close atleast u still have bitcoin to grow. I already have 3 online wallet .
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DoublerHunter
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July 02, 2016, 12:35:39 PM |
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I don't have too much bitcoin to store i only have just like 0.1 (something) amount of bitcoins as of now, So i prefer to put them on blockchain.info online wallet and use 2fa verification for another layer of security and i think it's enough for me as of now. But if i will have at least 5 bitcoins i will use multiple wallet like putting the 3 btc on a cold storage for long term investment and i will put the 2 btc on online wallet for using it as a capital on trading.
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drwtsn32
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July 02, 2016, 12:51:53 PM |
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Not yet, because I don't have many bitcoin, so I don't need to use different wallet to afoid risk to be hacked. But if I have so many bitcoin I should use different wallet. Just keep secret.
Yeah I agree. It would be like you store 100,000 satoshis in one wallet, and 100,000 satoshis in another. It's useless.  |
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