Have you saved your bitcoins in multiple wallets?

[19Nov16]

In my opinion, keeping assets in one place is very risky, I always keep in several places including Exchanges and now I keep my bitcoin in some wallets such as Coinbase, Binance, FTX and Mexc, Trust Wallet. This is because a lot of hack cases occur so that it makes us have to always save in several places.

[Oasisman]

In my opinion, keeping assets in one place is very risky, I always keep in several places including Exchanges and now I keep my bitcoin in some wallets such as Coinbase, Binance, FTX and Mexc, Trust Wallet. This is because a lot of hack cases occur so that it makes us have to always save in several places.

Exchanges aren't even safe in the first place. Those you have mentioned is always susceptible to cyber attacks/hack. Exchanges could also freeze your asset if for some reason they are suspecting you. At least use decentralized wallets like Electrum or to make it much safer than these options, use hardware wallets. That also depends on the amount of Bitcoin you possess, coz when you only have like 0.01 there is no point in spreading your asset throughout 3-4 wallets lol.

[tygeade]

Exchanges aren't even safe in the first place. Those you have mentioned is always susceptible to cyber attacks/hack. Exchanges could also freeze your asset if for some reason they are suspecting you. At least use decentralized wallets like Electrum or to make it much safer than these options, use hardware wallets. That also depends on the amount of Bitcoin you possess, coz when you only have like 0.01 there is no point in spreading your asset throughout 3-4 wallets lol.

There is no exchange with 100% security guarantee, you could never be safe in any exchange without any doubt of problems, of course all exchanges have that. However, regular pc, or ledger nano, or anything else that a regular person would have not 100% guaranteed neither.

Even if a hacker can't manage to scam you directly, they could very well find a way to social hack you, meaning they could make you GIVE your money to them somehow, basically by talking to you, that is how scams work in most cases. This is why you shouldn't really be trusting anything if that is the path we are going with. Exchanges at least have higher security than our computers.

[famososMuertos]

It is relative, if you only have bitcoin for hodl you should rely on having only one wallet, it is safe.

Now, if you are one of those who mobilizes bitcoins, then you would have at least 2 (...3,4...), one cold wallet and one for daily use, it is actually a very individual response that must be adapted to our needs.

[runningwolf]

You don't save or store bitcoin in your wallet. They're on the blockchain. You only use a GUI like a wallet to access them. You can delete keys from all your wallets and they'll still be on the blockchain and you will still be able to access them if you insert the previously saved seed phrase into a hardware wallet like tresor, ledger, etc.

[Renampun]

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 don't have many bitcoins that I hold, so I only keep it on just one wallet...

I keep it (bitcoin that I make long-term investment) in bluewallet. So far, I haven't had any problems and believe that bluewallet is a very secure bitcoin wallet and the chances of being hacked are very small (dwyor).

[FlamingFingers]

Yes I have save my bitcoin in different wallets because the amount is kinda huge a little bit, I think it's best doing it in that way if you have huge amount of bitcoin because you never can tell the unexpected might just have, if it's not too much I don't think it's needed to split it because of tx fee

[Abbee]

It is good to save your bitcoin in one wallet, this will help you protect your bitcoin and money from hackers. It will also be easier for you to keep track of your Bitcoin and transactions will be made easier.

[DoublerHunter]

Yes I have save my bitcoin in different wallets because the amount is kinda huge a little bit, I think it's best doing it in that way if you have huge amount of bitcoin because you never can tell the unexpected might just have, if it's not too much I don't think it's needed to split it because of tx fee

^ I don't know if this is the right how to keep your BTC safe at all.
Even probably how many wallets that you wanted to store them all as long as your wallet is not safe that is nothing we can do. I prefer to store my BTC in one wallet but it has a security feature like a hardware wallet is a very safe wallet when it comes to storing BTC. Because it is good if you will own your private key and keep it safe than splitting your coins which possible of losing them because handling more private keys will lead you to lose them because you will confuse about where to hide them all.

[Ebede]

I think is servings of Bitcoin in different wallet will make you to lose some of them if your wallet is not strong enough and again that is someone wallet that what, keeping cryptocurrency and it is day long I'm nobody only hack your wallet account so splitting your Bitcoin in different wallet is good but the problem is that the disadvantage they cannot remember some of day secret code of the wallet

[molsewid]

I think is servings of Bitcoin in different wallet will make you to lose some of them if your wallet is not strong enough and again that is someone wallet that what, keeping cryptocurrency and it is day long I'm nobody only hack your wallet account so splitting your Bitcoin in different wallet is good but the problem is that the disadvantage they cannot remember some of day secret code of the wallet

Maybe the reason why he did that for the addifional safety of his asset. I hope that the wallet is used is legitimate and he did not invested to mlm or any hyip because it might be the reason why he has so many wallets right now. Or maybe because he don't want to make KYC? There's a certain amount in every wallet for us not to do kyc.

[Hamphser]

I think is servings of Bitcoin in different wallet will make you to lose some of them if your wallet is not strong enough and again that is someone wallet that what, keeping cryptocurrency and it is day long I'm nobody only hack your wallet account so splitting your Bitcoin in different wallet is good but the problem is that the disadvantage they cannot remember some of day secret code of the wallet

Maybe the reason why he did that for the addifional safety of his asset. I hope that the wallet is used is legitimate and he did not invested to mlm or any hyip because it might be the reason why he has so many wallets right now. Or maybe because he don't want to make KYC? There's a certain amount in every wallet for us not to do kyc.

There's no other reason on why some people do consider out on storing their coins in different wallets but non other but in terms of security which is something very common but of course storing its key for specific

wallets is also one of your main concern on where you do store it out because if you dont put up seriously and losing it then say goodbye into your coins.We can make wallets as much as we want but for me

having only one would be enough and you should separate wallet which is for active trading or transaction and one for long term prospect.

[coupable]

I think is servings of Bitcoin in different wallet will make you to lose some of them if your wallet is not strong enough and again that is someone wallet that what, keeping cryptocurrency and it is day long I'm nobody only hack your wallet account so splitting your Bitcoin in different wallet is good but the problem is that the disadvantage they cannot remember some of day secret code of the wallet

I prefer using other few terms like splitting bitcoins into different addresses (P Keys) rather than calling them as different wallets as it's always possible to gather all the addresses containing bitcoins and put them all in one wallet. Unless someone is willing to use a variety of custodial and non custodial clients.

[TimeTeller]

I think is servings of Bitcoin in different wallet will make you to lose some of them if your wallet is not strong enough and again that is someone wallet that what, keeping cryptocurrency and it is day long I'm nobody only hack your wallet account so splitting your Bitcoin in different wallet is good but the problem is that the disadvantage they cannot remember some of day secret code of the wallet

Maybe the reason why he did that for the addifional safety of his asset. I hope that the wallet is used is legitimate and he did not invested to mlm or any hyip because it might be the reason why he has so many wallets right now. Or maybe because he don't want to make KYC? There's a certain amount in every wallet for us not to do kyc.

There's no other reason on why some people do consider out on storing their coins in different wallets but non other but in terms of security which is something very common but of course storing its key for specific

wallets is also one of your main concern on where you do store it out because if you dont put up seriously and losing it then say goodbye into your coins.We can make wallets as much as we want but for me

having only one would be enough and you should separate wallet which is for active trading or transaction and one for long term prospect.

There are some reasons why some people do that. Based from my experience, there are some unseen circumstances that need this kind of decision.
Like for example, suddenly your bitcoincore wallet has errors upon synchronizing and you badly need the funds.
Remember, if you happen not to sync the core wallet for long time, it will take time to sync your wallet.
Whereas, if you are using electrum, syncing is quite fast. So you can easily access your funds.
This is why for me, it is understandable if you would want to split some of your coins in different wallets.
You will never know what potential problems you may encounter in one wallet, at least you have a fall back in case the need arises.

[coupable]

In my opinion, keeping assets in one place is very risky, I always keep in several places including Exchanges and now I keep my bitcoin in some wallets such as Coinbase, Binance, FTX and Mexc, Trust Wallet. This is because a lot of hack cases occur so that it makes us have to always save in several places.

Please avoid using exchanges to store your savings in  bitcoins or other alts, either it's centralized or decentralized ones. Giving the permission to third part entities to monitor your funds is somehow riskier than holding your keys in some unsafe places with duplicated copies.