Post
Topic
Board Bitcoin Discussion
Re: How many addresses do you think the average bitcoin user has?
by
dadaas
on 08/08/2014, 12:47:19 UTC
If you include all the addresses I had on various exchanges, I have probably used at least 250-300.

Well I didn't count my addresses on exchange sites because I don't consider them part of my wallet.

I suppose that's true since the address might be yours, but the wallet still belongs to the exchange. I would still technically consider them as my BTC addresses. Without them I would say I used roughly 100+ addresses.

You've got that right. It could be considered your address in exchange's wallet.

No matter how much security an exchange offers, it always makes me uneasy keeping my coins there for an extended period of time. Nothing beats having your own wallet.

I used to think that too. That is, until I entered the world of altcoin trading. Compared to setting up wallets, it is so much more convenient to just have the coins sitting there on an exchange. Especially if you are a speculator. I know it's not good security-wise, but I can understand why exchanges are such a popular place to store one's own coins.

Well sure, it is easier to  keep altcoins on exchange site instead installing wallet for each of them especially if you trade multiple altcoins but we are talking about Bitcoin storage. Let me ask you one question: when you turn profit from trading altcoins do you exchange that profit for BTC?