Storing BTC in one wallet or multiple wallets? Your opinion

[SmartGold01]

Didn't understand a bit - what do you mean by "short term stack" - you just have a wallet on your desktop as an extension of sorts?

Storing on different wallets has its advantages and disadvantages just like storing on a single wallet does too. One thing to take note of is that for the case of storing your coins on different wallets there is an attached disadvantage of difficulty in trying to manage and store different seed phrases and keys at the same time.

But one advantage is that you would face lesser losses if one of them eventually gets hacked or compromised . Nevertheless I prefer storing in fewer wallets offline.

Yes that is correct, and I have not used offline wallet rather online wallet but not extension as I don't trust any extension it's more vulnerable using them instead downloading would be more better. However, storing assets in different wallet address is actually cool but there are also risk when lose any of the seedphrase, even though it's more secure to protects our investment but to me it's better to use a multisig address than storing assets in different wallet. +1 karma for you.

[doc]

Yes that is correct, and I have not used offline wallet rather online wallet but not extension as I don't trust any extension it's more vulnerable using them instead downloading would be more better. However, storing assets in different wallet address is actually cool but there are also risk when lose any of the seedphrase, even though it's more secure to protects our investment but to me it's better to use a multisig address than storing assets in different wallet. +1 karma for you.

Everyone has considerations for the sake of convenience and security in storing their crypto assets. I also use several wallets to store my crypto assets, because I consider that my assets are divided into several wallets. If hacked or phished I still have other assets and do not lose all my assets.

[Bobcrypto]

Yeah, in an era of rising data breaches and hacks, it is advisable and most appropriate to use, at least two wallets, a hard and software wallets, or two different wallets like mobile and desktop wallet respectively. It is most safer to hold your crypto assets on two separate wallets to reduce a possibility of any uncertainty on the crypto space.
As for me, I have two wallets, one for trading activities and the others for hold some assets in my hard wallet.

[tequilla_sunset]

Yeah, in an era of rising data breaches and hacks, it is advisable and most appropriate to use, at least two wallets, a hard and software wallets, or two different wallets like mobile and desktop wallet respectively. It is most safer to hold your crypto assets on two separate wallets to reduce a possibility of any uncertainty on the crypto space.
As for me, I have two wallets, one for trading activities and the others for hold some assets in my hard wallet.

It's also important to store your seedphrase correctly.
The best way would be to have it on a steel plate, in different places.

[SmartGold01]

Yes that is correct, and I have not used offline wallet rather online wallet but not extension as I don't trust any extension it's more vulnerable using them instead downloading would be more better. However, storing assets in different wallet address is actually cool but there are also risk when lose any of the seedphrase, even though it's more secure to protects our investment but to me it's better to use a multisig address than storing assets in different wallet. +1 karma for you.

Everyone has considerations for the sake of convenience and security in storing their crypto assets. I also use several wallets to store my crypto assets, because I consider that my assets are divided into several wallets. If hacked or phished I still have other assets and do not lose all my assets.

Storying our assets in different wallet defeat the rate at which we could have lose our asset completely but if storing in a different wallet whatever that happens we might yet be guided with other assets stored in other wallet, this is to show how clever we could be if putting to what happened in Los Angeles as a case study you would see there are need to put our HW SW wallet/seed phrase into a metal shielded protection in case of fire incident.

[JISAN]

BTC is a digital asset, and some people also consider it as a digital currency... wallet storage is often crucial, where everyone can freely create many Bitcoin wallets but they are too confused about security...

We really don't know where and when the fraud came from, but what is certain is that the fraud really brings regret... the purpose of this topic is to prevent such regret... in your opinion, do you prefer to store your BTC in several wallets, or choose to store it in one wallet?

If your choice is to store it in several wallets, then what type of wallet do you recommend? Actually, it's not just a question, but I also want to hear stories or experiences from you who have experienced unexpected events regarding the use of BTC wallets.

Multiple wallets can be used for computing but it is better to keep one wallet as the main wallet where you will hold your holdings. And this wallet must be strong. on the other hand, you can use a separate wallet for regular use so that even if you accidentally enter a phishing link, your main wallet will not be hacked. I prefer to use multiple wallets.

[MrSpasybo]

Multiple wallets can be used for computing but it is better to keep one wallet as the main wallet where you will hold your holdings. And this wallet must be strong. on the other hand, you can use a separate wallet for regular use so that even if you accidentally enter a phishing link, your main wallet will not be hacked. I prefer to use multiple wallets.

Well, I think this depends a lot on the amount of BTC that holders have. If they only have 0.001 BTC, holders just need to save on CEXs to get a very small reward from CEXs. An account with 1 BTC may require a secure hardware wallet. An account with 10 BTC will require multiple hardware wallets. An account with 100 BTC will require additional services to store multiple parts of private keys.

I don't have many BTC so I hold my BTC on CEXs so I can quickly sell or DCA ALTs when needed. I'm not rich enough to need the almost absolute security of a hardware wallet, but I hope I will soon make a lot of profit from crypto to need 1 or more hardware wallets in the future.

[Celph]

BTC is a digital asset, and some people also consider it as a digital currency... wallet storage is often crucial, where everyone can freely create many Bitcoin wallets but they are too confused about security...

We really don't know where and when the fraud came from, but what is certain is that the fraud really brings regret... the purpose of this topic is to prevent such regret... in your opinion, do you prefer to store your BTC in several wallets, or choose to store it in one wallet?

If your choice is to store it in several wallets, then what type of wallet do you recommend? Actually, it's not just a question, but I also want to hear stories or experiences from you who have experienced unexpected events regarding the use of BTC wallets.

From past experiences from people i have come in contact with;i think it is preferable to store your btc in various address rather than a single address for occurences which might be unknown in the future.Even though this is not entirely important since the bitcoin wallet is completely secured.
   People might have had situations by which they might have gotten scammed   by scammers which is basically the other of the day;well apart from these scams;no one could still have access to your wallet except of course if they are in possession of your seed phrase which is not possible except you give them that information.
   Either way;it is still a thing of choice as the bitcoin wallet is safe and secured.

[bhadz]

Whether you have it in multiple wallets, multiple hardware wallets. What matters is on how you store and keep your seeds safe. Because even if you've got a bunch of back ups and you're not keeping them well, it does tell a lot from you that you're not a good keeper and you should keep well first. But for me, what works is just simple, I keep it on my hardware wallet and keeps my seeds on a place that I only know of. Well, my family is aware of bitcoin but they don't even know where I've placed it and how they can retrieve it.

[Celsius]

Holding Bitcoin in multiple wallets is definitely wiser than reserving it in one wallet, and that's not my decision, but the decision of all holders. If you hold Bitcoin in one wallet, if for some reason the Bitcoin you are holding is hacked, all the Bitcoins will be hacked, but this is unlikely to happen in the case of multiple wallets. So it is definitely wise to hold Bitcoin in multiple wallets rather than holding Bitcoin in one wallet.

[dave_strider]

Holding Bitcoin in multiple wallets is definitely wiser than reserving it in one wallet, and that's not my decision, but the decision of all holders. If you hold Bitcoin in one wallet, if for some reason the Bitcoin you are holding is hacked, all the Bitcoins will be hacked, but this is unlikely to happen in the case of multiple wallets. So it is definitely wise to hold Bitcoin in multiple wallets rather than holding Bitcoin in one wallet.

Also, we don't need to hold all the keys in one place too.
One at a time for different steel plates, for example, would be better.
 

[rdluffy]

Good discussion to learn more

From the beginning I always preferred the idea of never leaving all your eggs in one basket
And that includes wallets

A brief summary is that I have my majority in BTC with a seed generated in hardwallet (Ledger)
And I have some more balance divided into wallets generated offline by Electrum

none of the wallets were exposed online at any time, this was the safest way I found

[0t3p0t]

It's also important to store your seedphrase correctly.
The best way would be to have it on a steel plate, in different places.

You mean stainless steel plate which is weather proof, fire proof so on and so forth but the tricky part here is to stamp the letter and number combinations into it which I and some other is having a hard time carving it due to lack of power tools or machinery which should be done by us since we don't want others to decode or even get the idea that it is a private key. I personally only write mine on a notebook and then place on a safe place.

[Findingnemo]

Diversification is key factor even for storing our crypto assets, because it just eliminates the risk of losing everything at once.

My preferred option will be cold storage on airgapped device which is the best compared to any other wallet types but also it's important to keep some funds in our mobile wallet to make payments that are unplanned.

[arabspaceship123]

You shouldn't store your crypto in one wallet. If they're stored on multiple wallets you're protecting the funds if any of them get hacked or lost.