Post
Topic
Board Bitcoin Discussion
Re: Why do people use so many Bitcoin wallets?
by
bamboylee
on 14/10/2016, 06:37:07 UTC
Just wondering why people use so many Bitcoin wallets.
its all about keeping the anonymity in bitcoin,if people use the same wallet with the same address over and over then someone that knows their address can see every transaction they do. its just not safe enough
the anonymity does not concern the wallet, it only concern addresses (at least that is what I understand about it). If you use the same address over and over, there is a chance that you can be traced. The only effect having multiple wallet is that you can divide your bitcoins into different wallets so if one is hacked, not all bitcoins are lost.