Post
Topic
Board Bitcoin Discussion
Re: How many bitcoin address you have right now? why you have more than one?
by
blackmachinegun
on 08/12/2015, 12:14:18 UTC
At this moment I have 0.2 worth of bitcoins , I won it at a raffle promo.
Um.. excuse me sir, the OP asked about how many BITCOIN ADDRESS do you have, not how much Bitcoin do you have.

I only have 1 bitcoin address
It's totally not safe for you, if someone hack your wallet or maybe you lost the private key then you will lose everything.
lol I just know, if you have only 1 address, its very risky and not safe  Roll Eyes
Well, having one address doesn't mean it isn't safe, it just means that if anything happens to that one address that it would affect his entire wallet. If he knows what he is doing, one address will be all he'll need. People just suggest multiple addresses for the partially increased anonymity and the ability to divide your funds among the wallets to prevent you from losing all of your funds if something happens. You can have 5 addresses on one hard drive and if the hard drive gets corrupted or is damaged, that's the end of the entire set of funds.
This reason can be accepted, 1 address does not mean unsafe, but I prefer to many addresses, for more anonymity