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Author Topic: Is it safe to keep all your Bitcoins in one wallet?  (Read 3554 times)
Carlsen
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November 04, 2016, 08:17:41 AM
 #41

It depends on how good you are at managing different account.
In case you are a little absentminded and put the list with your passwords in places you forget them, or match the passwords to the wrong wallets, it might be a good decision to make it as easy as possible.
And that would mean having just one wallet where everything comes together.

Of course, if that one wallet is corrupted somehow, everything is gone.
Is there any posibility that one wallet can be corrupted somehow? and then what will the CEO gonna do with the bitcoins? i think it save automatically into his wallet? And yeh it depends on how good he is managing different accounts of bitcoin wallets and for me i always printing important things and information regarding on my bitcoin wallet.

I think ther is no program out there that can actually break into your wallet and steal the coins you own.
With corrupted I mean that somebody gets hold over your login details. That can happen if the computer has some sort of virus on it that logs your key strikes.
It's the same with the printed version. Pictures are taken relatively fast these days with every smartphone.
Once the coins are out of your reach, they are lost for ever.

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November 04, 2016, 08:44:22 AM
 #42

If you have a lot of Bitcoins, it is good to have a couple of wallets, both hot wallets and cold wallets, hot wallets for daily using of your bitcoin and cold wallet for large storage of your bitcoins.

You can always add funds from your cold wallet to your hot wallet anytime, but problem is you need to store all your wallet recovery phrase well in case you forgot your password and lose access to your bitcoins.
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November 04, 2016, 12:47:12 PM
 #43

Is it safe to keep all your Bitcoins in one wallet in blockchain.info? I have 2FA activated but still.

I'm keepin mine on blockchain.info without 2FA, and didn't have any issues at all, altho I'm keepin small amounts. If you have high amounts of btc, you'd be better off with a cold storage.

I also keep mine on blockchain.info and I believe that it's really secure, but depending how many BTC I had I would put all my eggs in one basket.

As we have seen in the crypto world hacks and security issues happen ALL THE TIME. The only real way to keep your BTC safe is with an offline wallet. If you don't have a ton of BTC its probably not worth the hassle though.
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November 04, 2016, 04:04:28 PM
 #44

Is it safe to keep all your Bitcoins in one wallet in blockchain.info? I have 2FA activated but still.

I'm keepin mine on blockchain.info without 2FA, and didn't have any issues at all, altho I'm keepin small amounts. If you have high amounts of btc, you'd be better off with a cold storage.

I also keep mine on blockchain.info and I believe that it's really secure, but depending how many BTC I had I would put all my eggs in one basket.

As we have seen in the crypto world hacks and security issues happen ALL THE TIME. The only real way to keep your BTC safe is with an offline wallet. If you don't have a ton of BTC its probably not worth the hassle though.

It would really not   worth  for the  hassle   if you  only  posses  only small amounts  of bitcoin  , then   you should not bother  yourself   about  choosing and deciding  how  many wallets you should used because  its still useless thing.  You would really  need to  ask these things if  you do  have  huge amounts  of bitcoins, as  same on other  members said here better to  put up those  bitcoins on a cold storage and  just   impart  only a small percentage   on  your hot wallet.

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November 04, 2016, 05:00:40 PM
 #45

It depends on how good you are at managing different account.
In case you are a little absentminded and put the list with your passwords in places you forget them, or match the passwords to the wrong wallets, it might be a good decision to make it as easy as possible.
And that would mean having just one wallet where everything comes together.

Of course, if that one wallet is corrupted somehow, everything is gone.
Is there any posibility that one wallet can be corrupted somehow? and then what will the CEO gonna do with the bitcoins? i think it save automatically into his wallet? And yeh it depends on how good he is managing different accounts of bitcoin wallets and for me i always printing important things and information regarding on my bitcoin wallet.

A wallet does not simply get corrupted, it can get hacked or someone can forget the password if he is using a web wallet, and in that case if you have not saved your recovery phrase and you also don't have your private key then your bitcoins will be freezed their and no one will have access to them unless someone hack your account which i don't know if possible or not.
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November 04, 2016, 05:55:32 PM
 #46

Well, it's best to keep your Bitcoins in cold storage and hardware wallets, but if yiu do wish to keep the online, so that they can be accessed easily, i'd suggest, use the blockchain ONLY! It's the most hack proof of all. And why not keep them in one wallet? Hacking is almost impossible nowadays with the kind of security Blockchain uses...I have studied it, the protocols are pretty secure and it's pretty hard to crack.
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November 04, 2016, 06:23:19 PM
 #47

first of allyou should explain what type of bitcoin wallet you are using so it can give us a clear review to decide on. anyway i am using a android wallet and an desktop wallet. and i trust both of them even if dont have the full network control i mean i am not downloading the full blockchain network but yes its safe and maximum level of security is there

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November 04, 2016, 10:09:56 PM
 #48

i would not suggested to keep all of our bitcoin in one wallet because if something bad happen then we can loss all of our bitcoin, so better to spread your bitcoin into many wallet and don't forget to activate 2FA. don't put all your egg in one basket.

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November 05, 2016, 01:55:42 AM
 #49

Offline and online wallet has its disadvantages. They all both has a risk. Its up to you how you manage the risks For small amount, i preffer online wallet. But for large amount i preffer cold storage or paper wallet. If you are not confident to to store your btc in one wallet. Then split it and store it to your desired wallet.
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November 05, 2016, 02:15:02 AM
 #50

For me it's not safe. Why?, because what if someone accidentally open your account and transfer all your bitcoin in his account?, then all your hard works, efforts, and time just to earn that amount of bitcoin would just be ended up in nothing. The other is that you can also get ban here if someone notice that you are using one bitcoin wallet using your two account here, and I know you don't want it to happen, that's why it would be better if you would have two different bitcoin wallet in your two account to be safe.
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November 05, 2016, 09:05:30 AM
 #51

Yes it is good to keep all your bitcoins in one wallet, but you have to follow of their security measures. I am maintaining all my bitcoins at one place only.


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November 05, 2016, 08:50:39 PM
 #52

Yes it is good to keep all your bitcoins in one wallet, but you have to follow of their security measures. I am maintaining all my bitcoins at one place only.

It's not a good idea. Even if you already set all the security configurations the system isn't 100% safe.
The chance of something bad happen to your money is low but it's real.
If you have a lot of money, caution with that, because you can be the target of malicious persons.

 
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November 05, 2016, 09:46:43 PM
 #53

Yes it is good to keep all your bitcoins in one wallet, but you have to follow of their security measures. I am maintaining all my bitcoins at one place only.

It's not a good idea. Even if you already set all the security configurations the system isn't 100% safe.
The chance of something bad happen to your money is low but it's real.
If you have a lot of money, caution with that, because you can be the target of malicious persons.

If you do not intend to keep high amounts of btc on that wallet, if you use it emidiately than i believe its ok, ive been using one wallet (blockchain.info) for pretty much everything and didnt ever had problems, just make sure u use all available security measures.

Need some spare btc for a new PC that can at least run Adobe Dreamweaver.

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November 06, 2016, 02:02:33 AM
 #54

I am more comfortable using online wallet.  Cause i change my password everyday to avoid being hacked by someone ,and using 2a authentication.

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November 06, 2016, 05:26:19 AM
 #55

For my opinion, is it safe to keep all your bitcoins in one desktop wallet but your computer must be safe from viruses or malware and also encrypted with passwords. For online wallets, I do not think they are very secure as I do not have the full control of the wallet. I cannot get the private keys on the online wallet sometimes. They also might discloses information to a third party as the service can associate your payments together, log your IP address and know your real identity if you provide personal information like your email, name or banking account. So choose your wallet carefully.
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November 07, 2016, 09:37:24 AM
 #56

It depends on how good you are at managing different account.
In case you are a little absentminded and put the list with your passwords in places you forget them, or match the passwords to the wrong wallets, it might be a good decision to make it as easy as possible.
And that would mean having just one wallet where everything comes together.

Of course, if that one wallet is corrupted somehow, everything is gone.
Is there any posibility that one wallet can be corrupted somehow? and then what will the CEO gonna do with the bitcoins? i think it save automatically into his wallet? And yeh it depends on how good he is managing different accounts of bitcoin wallets and for me i always printing important things and information regarding on my bitcoin wallet.

I think ther is no program out there that can actually break into your wallet and steal the coins you own.
With corrupted I mean that somebody gets hold over your login details. That can happen if the computer has some sort of virus on it that logs your key strikes.
It's the same with the printed version. Pictures are taken relatively fast these days with every smartphone.
Once the coins are out of your reach, they are lost for ever.
I think his holding huge amount of bitcoin or his planning to make some investment or his gonna convert his money into bitcoin and try his luck to do some good trading and investment with bitcoin currencies and he is just confused if someone can really hack his wallet and steal his coin by generating or making some sh*t programed

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November 07, 2016, 12:57:53 PM
 #57

For my opinion, is it safe to keep all your bitcoins in one desktop wallet but your computer must be safe from viruses or malware and also encrypted with passwords. For online wallets, I do not think they are very secure as I do not have the full control of the wallet. I cannot get the private keys on the online wallet sometimes. They also might discloses information to a third party as the service can associate your payments together, log your IP address and know your real identity if you provide personal information like your email, name or banking account. So choose your wallet carefully.
Actually  you could already get your private  keys  on a  particular web  wallet which is   blockchain.info ,  this  information  is  being said    on this forum  by some  member which  i  knew it  also recently  and  i try to  find it and  i  actually see it  and its  really a good thing   that we  have an access  to   our keys  on a web wallet. New thing  on  my  ears but  this is really a good news.

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November 07, 2016, 02:12:39 PM
 #58

I guess that is nice that you can get your private key.
But the problem is someone else has access to it too.
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November 08, 2016, 12:18:42 AM
 #59

I guess that is nice that you can get your private key.
But the problem is someone else has access to it too.

I've been using blockchains wallet for a few years now, keeping small amounts tho, but if you know how to keep your wallet safe, you're good.

Need some spare btc for a new PC that can at least run Adobe Dreamweaver.

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November 08, 2016, 01:10:13 AM
 #60

If you ask me, Yes it's safe to keep all your bitcoins in one wallet. I've been keeping my bitcoins on a blockchain wallet for a few months and based on my experience, I didn't encountered any problems. But before you put all your bitcoins to one wallet you need to make sure that your wallet is secured by enabling 2FA so even though the hackers already know your password they can't get your bitcoins because you have the final key which is the 2FA.
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