Is it dangerous to store all bitcoin in 1 address?

[reingard]

By the way, I have a question about wallets. Can wallet become a scam someway?

Just make some research before using any wallet and you will be ok. For example, you shouldn't be using any wallet who just got announced by some random and it's not even open source. The best way to be safe is by using a well known open source wallet and mainly offline like Electrum, Multibit and etc.

[xskl0]

By the way, I have a question about wallets. Can wallet become a scam someway?

I think you are talking about web wallets yes it's possible especially the more new ones. There are alternatives like hardware wallets if you don't feel safe using web-wallets.

[asyakashi]

Can the wallet be hacked?
I was worried, I saved the btc in 1 purse. How to keep our wallet safe? 

[MMysterious]

Yes it is risky not unless you have a hard wallet to store all your BTC's. Or if you haven't bought a hard wallet yet, make sure to authenticate the wallet your using. Register to a 2fa to make it safe.

[Dudeperfect]

Yes it is risky to keep it in a single address and it is recommended to maintain multiple wallets with maximum security and distribute bitcoins in those wallets. There is no sense of creating multiple wallets and storing all wallets with uniform method so make sure you are choosing different location in case of offline wallets and different wallets clients in case of using online wallets. It is necessary if you are looking to hold it for the long term.

[Kray]

Should I divide them among multiple addresses and how many?

Separate question - is this a standard practice?

In my opinion its depend on your style too, how you publish your address and keep your private key. With one address its more easy to own and control your coin

[Card]

Yes in my opinion dangerous

Because bitcoin is technology money
Where everyone has a chance to steal the address of our wallet.

[nicolas1979]

Not save for me if doing that, but unfortunately, a lot of people do that with high faith their btc will save forever. Everything can happen especially about hacking data, could happen to anyone. So, I suggest using wallet only for temporary transaction. Meaning after depo or wd please replace all your btc into currency, doing fast to avoid stealing data. Need little hard work but it's safe for me. Have a nice day.

[Smack 1]

Not dangerous in my opinion

Reason with a very difficult password.

[ustradebitcoin]

better you have diferent wallet if you plan to store high amount of bitcoin...i will never use one wallet its not safe .

[machinek20]

It is not recommended to put all of your coin in one wallet, it is only a precaution moves to prevent you from losing all of your money, a reputable wallet usually got a very high security system and it is not easy to break through a wallet, but sometimes the hacker is very slick and can deceived us, so it is safer to split your coin into different wallet

[Boseda]

Can the wallet be hacked?
I was worried, I saved the btc in 1 purse. How to keep our wallet safe? 

Yes, an online wallet can be hacked. It is not a safe solution.

I recommend to use offline wallets if you need to store (hold) your Bitcoin for a long period of time. If you need to move your coins on a daily basis (not easy nowadays because of high fess, though) , maybe an online wallet can be used too, since it is more practical. Just remember to move your coins as soon as possible to your offline wallet if you want to hold them. Electrum is a good choice, in my opinion.

[Mvaporis1961]

Yes it is because the hackers will easily steal all your bitcoin there. Best choice is to divide it into many wallets and enable all the security measures of that wallet to keep the hackers away from targeting your wallet.

[Richard Branson]

Use a ledger nano s and setup the hidden wallet Feature.

Wallet 1:
Only spare change <10BTC

Wallet 2 (hidden):
Long term storage >10BTC

Keep the 24 words plus the secret passphrase for the hidden wallet secure. Use cryptosteel to protect from environmental damage.
Store 2 copies in different banks and 1-2 copies in secure places.

[zend7]

It depends on the type of wallet. If you setup an electrum wallet for everyday use and then you add one new wallet which is only for receiving funds and you will never spend any amount of bitcoin for a really long time from this new wallet it is ok to store all bitcoins in one address.

Perfect practice for storing is if you use a hardware wallet from which you intend to never spend coins for a really long long time. This is not dangerous if you store all your coins in one address of this wallet.

[SingAlong]

Yes, it's very risky to keep all of you bitcoin in one wallet. And Yes, it's standard practice to keep your entire holdings in multiple wallets.

The risk is based on the fact that if you lose access to your wallet you lose your bitcoin. So if you have all of your bitcoin in one wallet that wallet could be stolen, lost, password/private key forgotten, etc.

As for how many wallets you should have, there's no single right answer. But a test you can apply is how much of your bitcoin would you be willing to lose if you had to do to theft or lost access? This could be your threshold for how much you keep in each wallet. Further, a lot of people keep the bulk of their holdings in a more secure wallet offline while using an online wallet to facilitate transactions, given its convenience to use.

What other questions do you have?

What I can is that you should save all the information needed with the wallets you are in possession i.e. passwords and other more that you have already mentioned. This is a good practice especially if you have a lot of Bitcoin and you want to make it more secure by minimizing the risks of course by distributing it with a number of wallet you have so that you will not forget and be able to access it if you somehow missed something.

Find a reliable wallet that you will feel comfortable and will hold your savings securely.

[icecube45]

Actually if you can keep and secure your wallet it does not matter if you store all your bitcoins in one wallet. But it is full of risk especially if you save on the wallet online, it is more at risk of hacked if not careful using your wallet. So it is advisable to store bitcoin in some wallet and use some address, I think it aim if one wallet is hacked, we do not lose all bitcoin. So maybe this is also a lot of users use to store bitcoin, usually they have 2-5 wallets even more. But I think now many wallets have good security so it is safe if only using one wallet.

[meliodas]

Should I divide them among multiple addresses and how many?

Separate question - is this a standard practice?

Yep. It’s risky to put it all in one wallet especially when you are not comfortable with it like you have some trust issues. These online wallets can just run any time that’s why be wise to pick trusted ones to store your Bitcoin and it really is a matter of what if.

[worldmobilecoin]

Should I divide them among multiple addresses and how many?

Separate question - is this a standard practice?

IMO it's a big risk to store all your BTC in one address. Risk to loose all you BTC if something (scam, pc broken, ext). So better be cautious. I think it's not a standard practice, just to reduce the risk of loosing your BTC.

[Harley Quinn]

By the way, I have a question about wallets. Can wallet become a scam someway?

That is a good question. Yes an online wallet could become a scam. Something I worry about is poswallet running. Do you know how many coins they hold ? What's to stop them besides trust ?