Have you saved your bitcoins in multiple wallets?

[maartenhaha]

I've saved 1 bitcoin in my wallet, I'm sure bitcoin will rise, right now it's very appropriate to invest in bitcoin because the price is going down, don't waste this golden opportunity to change your destiny in the future.

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[Cling18]

My Bitcoin savings isn't that big but I have split them into two hardware wallets. I have learned from my previous mistake wherein I store most of my funds in a single wallet then I forgot and lost a copy of my private key. If I would hold more then I would save it in three different wallets. I believe that's the safest and wisest way to store our funds.

[peter0425]

depend on how much the fund that we are talking here ,  because for example if we are talking about 0.001 bitcoin here? why bother splitting the amount right?  but if you are having at least 0.1 bitcoin or above?  then splitting them is best for me, and targeting multi wallet?



then I have electrum , i also have ledger wallet , and some local wallets that i keep small amount of bitcoin for emergency sake , so it is not just 2 wallets but literally multiple .

I've saved 1 bitcoin in my wallet, I'm sure bitcoin will rise, right now it's very appropriate to invest in bitcoin because the price is going down, don't waste this golden opportunity to change your destiny in the future.

OP is asking for multiple wallets , in which that mean they are spreading their coins in safety positioning .

[blatchcorn]

I've saved 1 bitcoin in my wallet, I'm sure bitcoin will rise, right now it's very appropriate to invest in bitcoin because the price is going down, don't waste this golden opportunity to change your destiny in the future.

Yes that's very true that its the right time to invest in Bitcoin as price of bitcoin is at its lowest compared to its price in last couple of months. There is no best time to invest in bitcoin other then right now. As far as saving in multiple wallets is concerned, I consider exchanges like binance as bet place to save bitcoin as chances of theft are rear in that case. I lost huge savings due to hack of my electrum wallet, since then I am saving my money in exchange. 

[South Park]

My Bitcoin savings isn't that big but I have split them into two hardware wallets. I have learned from my previous mistake wherein I store most of my funds in a single wallet then I forgot and lost a copy of my private key. If I would hold more then I would save it in three different wallets. I believe that's the safest and wisest way to store our funds.

Splitting your funds makse sense not only as a way to protect yourself from losing your coins due to your own forgetfulness, doing so also offers protection against hackers, because if one of your wallets get compromised at least there is a chance that you will not lose everything as the rest of your coins may still be secure, still it is important to keep backups of all our wallets just in case the hardware wallet were to fail due some manufacturing defect.

[Mr.sprin]

I've saved 1 bitcoin in my wallet, I'm sure bitcoin will rise, right now it's very appropriate to invest in bitcoin because the price is going down, don't waste this golden opportunity to change your destiny in the future.

Yes that's very true that its the right time to invest in Bitcoin as price of bitcoin is at its lowest compared to its price in last couple of months. There is no best time to invest in bitcoin other then right now. As far as saving in multiple wallets is concerned, I consider exchanges like binance as bet place to save bitcoin as chances of theft are rear in that case. I lost huge savings due to hack of my electrum wallet, since then I am saving my money in exchange. 

Can electrum wallets be hacked? someone who has a dead electrum wallet and the assets in the wallet can't be opened because they don't have a key if they can be hacked then the asset can be taken by his wife and children, I am very sure that the electrum wallet cannot be hacked unless holding the key carelessly.

[blatchcorn]

Can electrum wallets be hacked? someone who has a dead electrum wallet and the assets in the wallet can't be opened because they don't have a key if they can be hacked then the asset can be taken by his wife and children, I am very sure that the electrum wallet cannot be hacked unless holding the key carelessly.

Actually he hacked my PC. I lost it since hacker use hacking techniques along with social engineering. Thats how I lost my huge savings stored in one electrum wallet. Since then I prefer to store my savings in centralized exchanges since that frees me from the worry of its security. If you have complete control over your coins then separate wallets are good choice.

[Yamifoud]

My Bitcoin savings isn't that big but I have split them into two hardware wallets. I have learned from my previous mistake wherein I store most of my funds in a single wallet then I forgot and lost a copy of my private key. If I would hold more then I would save it in three different wallets. I believe that's the safest and wisest way to store our funds.

That is supposed to do in order to enhance safety and could assure that we don't lose all of our Bitcoin when hackers attacked us.
In fact, for me, I'd save some in Electrum (on PC)while the others are in mobile wallet. Even though we could think that there is no 100% guaranteed assurance but at least we are doing something that could help to protect our funds. But most important is we know how to manage our keys/passwords that nobody knows it.

We can use a paper wallet, Electrum, and hardware wallets. But for me, I've preferred Electrum wallet which I could make access so easily.

[Bitstar_coin]

imo one hardware wallet is enough rather than splitting in different wallet, the only important thing is save the keys in more than one place in case of loss or any unforeseen circumstance. Having btc split in different wallet with different keys can be a little too complicated in terms of keeping keys safe and well protected. just get a very secure hardware wallet, store your btc and then save your recovery keys in multiple places (highly secured places) and that's it.

[CryptoYar]

I've saved 1 bitcoin in my wallet, I'm sure bitcoin will rise, right now it's very appropriate to invest in bitcoin because the price is going down, don't waste this golden opportunity to change your destiny in the future.

Yes, it is a golden opportunity for those who want to buy Bitcoin, as it is just above 30k but 55% still down from its all-time high. and the people who bought bitcoin at 26k are in a very good position.

[..]I believe crypto exchanges are also a very option to keep your crypto safe

It is a bad idea to hold your bitcoins on an exchange. Because if someday that exchange gets hacked then you'll lose your crypto.

[virasog]

As the saying goes dont keep your eggs in the same basket. So have you saved all of your btc in mutiple wallets\software?

This term is usually used for altcoins that we should not put all the money in a single altcoin, but rather divide our portfolio in different altcoins.
Usually, people do not think to keep single crypto like bitcoin in multiple wallets. People usually have one wallet containing all their bitcoins and those who have a large quantity of bitcoin have only one hardware wallet to store the bitcoins.

Since the bitcoin is valuable and its price is increasing, we should consider dividing our bitcoins in different wallets. So in case, a private key of one wallet is compromised, we do not lose all our money. Let's suppose you have one bitcoin. Better two put 0.5 BTC in one wallet and 0.5 BTC in another wallet to be on the safe side.

[Quidat]

I split my bitcoin investments in hardware wallets and keep them safe. I believe crypto exchanges are also a very option to keep your crypto safe

No its never been safe yet we are aware about those exchange hacks and possible fund hold ups or lock when there's something wrong on the platform we've been using which is something
thats why its never been a suggestable thing for you to store up your assets on a platform no matter how reputable or known it is just to play safe.Its better to be safe than sorry.
We do have lots of wallets which you could make use to store up your funds and you are owning the PK's of those one which do really even give assurance unlike
on platforms which you cant possible  do such thing.

[EdenHazard]

I split my bitcoin investments in hardware wallets and keep them safe. I believe crypto exchanges are also a very option to keep your crypto safe

Yuppp so do i.

Split my bitcoin saving in :

1 Hardware wallet
Multiple exchange up to 3 exchanger
Multiple online wallet up to 5 software wallet

Aaaand guess what , when i hold more than 6 bitcoin back in 2014 ... i take out piece by piece all of those bitcoin savings and ended up with nearly zero now lol.

[chichigirl]

As the saying goes dont keep your eggs in the same basket. So have you saved all of your btc in mutiple wallets\software?

I like to split with electrum air gapped and bitcoin core.

Should i make it 50:50 even though bitcoin core is always online?

The amount is not that much but i am thinking that if i make it to good amount of mbtc, it will be prudent to divide the amount.

Any OGs who can give feedback?

I only have one wallet with me to keep all of my investment. And to be honest, i doesn't have much with it so most probably be having one wallet at a time. Since i wi not be needing any.

But given a chance to have more money, i prefer to have atleast more wallet to ensure my investment will be divided in different wallets to avoid any difficulties.

[AakZaki]

Yes that's very true that its the right time to invest in Bitcoin as price of bitcoin is at its lowest compared to its price in last couple of months. There is no best time to invest in bitcoin other then right now. As far as saving in multiple wallets is concerned, I consider exchanges like binance as bet place to save bitcoin as chances of theft are rear in that case. I lost huge savings due to hack of my electrum wallet, since then I am saving my money in exchange. 

Anytime is a good time to invest in bitcoin. It's just a matter of being consistent or not to invest in bitcoin. If you are investing long term then you need to save frequently. Use TA and FA to enter and exit the Bitcoin market.

Wherever you store your bitcoin assets there will still be dangers that can lurk. If you have saved in electrum and lost, it is your own fault. Because I also have bitcoins in my electrum wallet and I rarely open them. make sure your device and connection is secure and never give the private key to anyone else, keep it safe

[Welsh]

I don't see the point of spreading Bitcoin on different wallet especially if you are using same wallet type such as Bitcoincore because in case your computer got infected by malware and cause some data leak to the hacker. Both wallet will be in danger since it's technically on same device unless you are using different device to open separate wallet then that is safer compared with just splitting your funds on same wallet especially if the amount is not that significant since it's just a waste of transaction fee if you are always splitting your savings in to wallet address whenever you have extra BTC.

• Buy Hardware wallet for your long term savings
• Use Electrum for your daily transaction.

Well, yeah physical isolation is always best. Although, you can achieve some reasonable security with virtual isolation, although it definitely isn't recommended when comparing physical isolation to virtual. For example, and I have starting to feel like a shill for this operating system, but Qubes OS does provide some pretty niffy features that would benefit a lot of Bitcoin users. You could effectively, have the inconvenience of a hot wallet, but in a offline wallet. So, easy copying addresses etc.

Although, that's not to say that Qubes OS is the way to go forward. If you're serious about being your own bank, you should absolutely be using multiple wallets, stored in different locations. It's pretty simple, it increases your redundancy just in case one of your machines gets compromised. Honestly, offline wallets, and hardware wallets are likely most vulnerable to physical attacks, so you should be looking at that, and how to protect from physical threats.

[topman21]

As the saying goes dont keep your eggs in the same basket. So have you saved all of your btc in mutiple wallets\software?

I like to split with electrum air gapped and bitcoin core.

Should i make it 50:50 even though bitcoin core is always online?

The amount is not that much but i am thinking that if i make it to good amount of mbtc, it will be prudent to divide the amount.

Any OGs who can give feedback?

I am using a specific account to collect Bitcoin.I saved my bitcoin in that particular wallet.Maybe different people have left their bitcoins in different wallets but I have saved my bitcoin in one account.I kept my wallet very secure. My wallet is unlikely to be hacked.I saved my bitcoin by hardware account.

[rahmad2nd]

I split my bitcoin investments in hardware wallets and keep them safe. I believe crypto exchanges are also a very option to keep your crypto safe

Maybe long term holder or real investor will save bitcoin on hard ware wallet but I use exchange wallet for saving bitcoin because take benefit for selling when bitcoin reaching higher price and buy back later when price drop. Secure when saving assets on hardware wallet because not any potential to be scam except with exchange, always have chance with the owner of exchange run away like Cryptopia and we can get back with our bitcoin assets.

[AicecreaME]

As the saying goes dont keep your eggs in the same basket. So have you saved all of your btc in mutiple wallets\software?

I like to split with electrum air gapped and bitcoin core.

Should i make it 50:50 even though bitcoin core is always online?

The amount is not that much but i am thinking that if i make it to good amount of mbtc, it will be prudent to divide the amount.

Any OGs who can give feedback?

I only use electrum because I'm already comfortable with it. Although, yes, it's good to have different wallets so that if ever things go bad on the other such as having a system maintenance or something much worse such as being infiltrated or hacked, your assets won't be all at risk. That way, you also have a back up.

But as for me, one storage of bitcoin is enough because I've made it sure that it's already secure and won't be in any way be touched or bypassed by anyone. I've stored my seedphrase in a good platform and at the same time, I have my personal copy written down. As long as I make sure that everything is up to date and maintained well, I'm confident with where I am storing it.

[Dr.Osh]

for now, I keep my bitcoins in 1 wallet, even the altcoins I have are like that. maybe it is quite risky, but when you are an investor, or a trader, then you need fast access to make transactions with the assets you have, especially if you are an investor.
what I'm talking about is an asset for investment and I develop it, while for savings, I keep it in a different place. however, it is not good to keep everything in one place. In addition, in the future, I plan to divide the assets I own in several places.