Have you saved your bitcoins in multiple wallets?

[minime0105]

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.

I have not seen any reason why i will split my bitcoin as investor, i have seen other users and people who is lamenting seriously that your bitcoin wallet you are to have it differently and keep your bitcoin, my question is while? My altcoins is same thing. If we are afraid of our coin not to be stolen, the place to keep it safe is not by creating different wallet to save bitcoin, the we are to Doug will still reach our way if their is any needful

[Jack_wonder]

I also have different cryptocurrencies on different wallets

[Mahanton]

I also have different cryptocurrencies on different wallets

You wont really be having any choice but to have different wallets specially if you do own different cryptocurrency which does have different blockchain which is understandable.
But if you do own only one coin then there's no point on having multiple wallet specially if its a non custodial ones.Having only one wallet would really be enough or sufficient
but if you dont mind about spending fees on active transactions then go ahead or its your choice but if you dont like hassle then having one would be enough
but if you are paranoid with security then having multiples would lessen up the risk on losing all of your assets incase you do get hacked.

[Findingnemo]

If we are talking about multiple Bitcoins then certainly splitting up is a good choice but don't overdo it because then keeping the seed will become bigger task then so just use few to split or even one can be better when you know you have the private keys safer and not exposed to only or intruders.

[qwertyup23]

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 tried saving my BTCs in multiple addresses but in the end, I still sent them to our local exchange where it can be easily converted to cash, where the latter can be used for various payment of services or products. The only downside is, there are lots of KYC documents that are needed to be passed in order to avail these feature as this is considered the local exchange in our countries.

Generally, it is advisable to save your BTCs in multiple wallets in order to scatter and divide the risks but it is better to save them inside a hardware wallet for maximum security.

[LFC_Bitcoin]

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?

Bitcoin Core, paper wallets & Trezor would be my advice to be honest. Split your stash up between those three methods & you won’t go far wrong. Obviously keeping your seed & encryption passphrase is your responsibility though.

[doomloop]

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.

I doubt that it could. I mean technologically speaking there could be some method that we do not know, but that would require a ton of stuff and I doubt that it would happen that way. I believe that we should be focusing a bit more towards reaching something personal in a level where exchanges could be trusted, and be individually solid for all of us and our family could get it if anything happens to us.

Like if anything happens to me, my wife could open my laptop and get all of my coins, wouldn't really be a problem at all. Would take a while for her to figure it out, or maybe she won't even do it I don't know, but if she wanted to, it wouldn't take that much time, would take like 10 minutes max to figure it out.

[Ultegra134]

I used to have my Bitcoin distributed 50:50. Half of it was stored in an exchange in order to be used for trading purposes, while the other half was stored at the online wallet I used to use. Currently, I've switched to Electrum and hold all my funds there, without actively trading. If you're planning to hold, having your Bitcoin in wallets is fine, but it's not convenient if you're a trader.

[The Cryptovator]

Splitting your Bitcoin to a different wallet isn't bad actually. But it doesn't necessary if you can handle it properly. You may use your wallet on different devices and split simply. But I am not a fan of that. I hold my assets in Ledger those are for a long time. For a short time or trading, just use the exchange. That means I already split my funds. So better use a hardware wallet which is secure than wallet software. Even you don't need to split if you can secure your device and seeds.

[Rigon]

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?

Yes I am using multiple wallets to hold bitcoin. I am using Binance Exchange account especially for keeping bitcoin I also kept Bitcoin in the trust wallet.These two wallets seem to me much better for holding bitcoins. I can convert Bitcoin to USDT from here when Bitcoin is planned to be dumped.This is a very good thing for me so I kept Bitcoin using a Binance Exchange account.

[boldandbrave]

Depends on each person, If you are not sure about only storing it in one bitcoin wallet then it's not a bad thing to store bitcoins in several wallets.  Maybe for those who plan to store bitcoins for a long time.  The important thing is that the phrase seed is stored in a safe place.

[bitterguy28]

I have multiple wallets , together with my local wallet in which my basis for daily using .

and it has been told for long that we must not save our funds in single wallet that is very risky and proven to be the main reason why there are hard hacking when it happens.

Maybe if we will put our funds safer this will be prevented .

[smartaction]

I have multiple Exchange account and multiple personal wallet. Which wallet i use for different work in different time. I have some bitcoins in all my wallets.  Although the amount of bitcoin is very small. However, if the price of Bitcoin goes up a lot, I will get a bigger account if I combine all those Bitcoins.This is a capital of my future he he

[virasog]

I have multiple Exchange account and multiple personal wallet. Which wallet i use for different work in different time. I have some bitcoins in all my wallets.  Although the amount of bitcoin is very small. However, if the price of Bitcoin goes up a lot, I will get a bigger account if I combine all those Bitcoins.This is a capital of my future he he

I was not so much concern about the multiple wallets but after reading so many replies in the favor to store bitcoins to store multiple accounts, i have decided to store my bitcoin in 3 to 5 wallets, dividing my bitcoin in each of them.
Though i do not posses one full bitcoin but still i think the amount which i have will be worth a lot more in future.

[sklopan]

The main thing in this case is to be confident in this wallet. Otherwise, the result may be unpleasantly surprising, and then it will be more difficult to avoid losses.

[Minecache]

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.

There is no problem storing bitcoins and altcoins in one wallet, as long as you protect it from threats. Using an extra wallet to split assets is a great idea because if we have an unexpected problem like a hacker attack or accidentally reveal our private key, we will minimize the loss. Using multiple wallets for storage also requires us to have multiple places to store our private keys. so how many wallets to use for storage depends on the usage of each individual.

[Uang_kartal]

dividing space and anticipating what needs to be secured is an alternative.
the internet is not always safe and under control. we can find out the dangers of intruders and do security faster so that it doesn't widen and wide. a lot of wallets would also be better if given double protection with hardwhare wallets with existing manufacturers. of course many choices.
that's right, the op chose the cold wallet, although I keep it in the hot wallet for a timely transaction.
all users have reasons for the future, savings and long term.
but i get paid signature to trade in the market and make a profit.

[Reatim]

There are still several people here that install all their coins in single wallet in which we are campaigning for long time to learn and understand the danger of having Only single wallet , even if this is In Ledger or in other secure wallets because there is a small chance that we may lose our passphrase or keys that may lead us to lose all funds.
so why need to put all in single wallet when we can safely install in multiple wallets?

The main thing in this case is to be confident in this wallet. Otherwise, the result may be unpleasantly surprising, and then it will be more difficult to avoid losses.

even if you are confident still it is not safe to have single storage, make it at least 3 or 4? depend on the amount of Bitcoin you are holding .

[brijesh pal]

yes one must save in multiple wallets , thats the best practice , in case of mishappening atleast one could be saved, and also in my opinion , one should share password with someone in family as previously many cases have been reported where people lost most of the funds when the person holding the crypto have been no more, or have gone through certain unrecoverable disease..

[ForMeritt]

When talking about investment, it is very appropriate and you should place one place/one Wallet, because what I have learned from most investors do this method to speed up work.

However, if it is applied for savings or savings, it is better to store it in several wallets and this will be safer, I personally don't use other Bitcoin Altcoins I also use this method to save, because I know that it is not very good to store in one wallet, so it's better in several wallets and maybe if I get more assets I will add more wallets in the future.