Quote from: ubitcoin on August 31, 2016, 06:19:55 PM

Quote from: BitHodler on August 31, 2016, 05:27:38 PM

Quote from: ivanst776 on August 30, 2016, 06:05:46 PM

Quote from: Soulver on July 31, 2016, 08:27:13 PM

Hey guys, so I am a newbie and i saw some of members here have multiple bitcoin wallets , why is that? do i need to make multiple bitcoin wallets as a beginner ?

I think that even with only one wallet is enough for people but because of lots of hacks recently I think we should use 2 wallets.

What i prefer to do is to have one as the hot wallet where we use it for everyday or every week use.

And another one (preferably) a hardware wallet which we can use as a cold storage and as a hot wallet for a rarer use.

Can you explain what a hardware wallet gets you interested to such level that you prefer to use it?

I don't really see the need for a hardware wallet as it only adds extra cost.

You can just save your secured wallet files in a CD, USB, HDD, and the list goes on. And this is free since people have these things already at home.

Many prefer hardware wallets as there is less chances of losing the coins and the wallet getting hacked. I agree about the cost but those who earn or hold over 10-15 BTC prefer using hardware wallets (like the ones who hold coins for this forum and own over 250 BTC). For them, it's useful but not for us or those who hold less coins for their use.

i think it is useful too for us that holding small amount. I never stock my btc in online wallet for long time because i heard some complain to other user that there wallet
is ban because they deposit btc from gambling site. That triggers me to avoid online wallet and download hard wallet because i always gambling and it is too risky to stock my btc. I dont like to use mixer because it requires fee and my btc is very small for that procedure. So i think hardware wallet is the best.