Storing BTC in one wallet or multiple wallets? Your opinion

[Aanuoluwatofunmi]

It all depends on the type of wallet in use, if you're making use of a wallet that is well secured like bitcoincore, then you're not going to have any cause for having alternative wallet aside this, except if your considering an additional wallet to it for little exchange of your coins into fiat, alternatively, there are also other wallet types like electrum, blue wallet, passport wallet and so which are also a good recommendation to use as wallet.

[robelneo]

... in your opinion, do you prefer to store your BTC in several wallets, or choose to store it in one wallet?

I prefer to store my coins on multiple or several wallets. I'm following the old saying that we should not put all our eggs in a basket, but even if you diversify your coins in several wallets, if you do not know how to secure your wallets, then its useless to pick several wallets to store our coins.
diversification of storage and how to properly secure your wallet are the two basic things when it comes to protecting your portfolio.

[sampoerna]

... in your opinion, do you prefer to store your BTC in several wallets, or choose to store it in one wallet?

I prefer to store my coins on multiple or several wallets. I'm following the old saying that we should not put all our eggs in a basket, but even if you diversify your coins in several wallets, if you do not know how to secure your wallets, then its useless to pick several wallets to store our coins.
diversification of storage and how to properly secure your wallet are the two basic things when it comes to protecting your portfolio.

Me to. This may be a hassle or ineffective. But our goal here is to manage our assets more securely. because if something happens to our wallet and we can't access it again, then we still have another wallet ID asset. and that really helps us to secure our assets much more, of course with good asset management too. imagine if our assets are stacked in 1 wallet and in the end it is lost or damaged, then we will lose all assets and there are no other sources, right? but again, indeed, maybe everyone has their own choices.

[bayu7adi]

It all depends on the type of wallet in use, if you're making use of a wallet that is well secured like bitcoincore, then you're not going to have any cause for having alternative wallet aside this, except if your considering an additional wallet to it for little exchange of your coins into fiat, alternatively, there are also other wallet types like electrum, blue wallet, passport wallet and so which are also a good recommendation to use as wallet.

Bitcoin Core is not a parameter that is safe or not to use, basically it is still the same as other wallets, only Bitcoin core requires its users to download all blockchain data since the first block of bitcoin occurred ... that is at least downloading more than 500 GB of data even using the "prune" option ...... yes it does not provide high security, you know ...

Unless we use a hardware wallet, it might be safer because there is an additional layer ... I am planning to buy a hardware wallet to store my main assets ... because bitcoin core can still be hacked, it can be through malware interruption which is the result of our carelessness in ignoring wallet security.

[taufik123]

-snip-
Unless we use a hardware wallet, it might be safer because there is an additional layer ... I am planning to buy a hardware wallet to store my main assets ... because bitcoin core can still be hacked, it can be through malware interruption which is the result of our carelessness in ignoring wallet security.

Don't always plan, just buy now so that your assets are safer and no one will be able to break into them as long as you keep the seed phrase safe.

 Even though you are very meticulous and pretty perfect at securing assets in the wallet app, it will always find vulnerabilities, whether there is a bug in the application or from human error occurring.

[arabspaceship123]

Unless the computer used to run bitcoin's got virus & malware protection it doesn't make any difference about hardware devices being secure. Top advice's to protect your computer bitcoin core or other wallets don't get hacked.

[LogitechMouse]

in your opinion, do you prefer to store your BTC in several wallets, or choose to store it in one wallet?

Since I'm a guy that can forget everything in an instant, I would rather go with one wallet.
One wallet, but I'll prefer the safest (currently) one that we have right now and that is a hardware wallet.

What's ironic on my part is that I don't use a hardware wallet, and I'm only using Electrum, and has been using Electrum for years already and yet, I didn't encounter any single problem from it. I'm not saying though that you will not experience it at some point, but lucky for me, I didn't. I will always recommend storing it on a hardware wallet, but if you don't have the funds to buy... then have funds to buy one!!!.

Kidding aside, I don't see any benefits of storing it on multiple wallets, and that might cause trouble for some.

[bitcoin-shark]

In my opinion, it's not good to keep all your BTC reserves on one wallet, but I think the right solution is to divide it across at least 2 or 3 different ones, possibly using ledgers

[omori]

In my opinion, it's not good to keep all your BTC reserves on one wallet, but I think the right solution is to divide it across at least 2 or 3 different ones, possibly using ledgers

Better to diversify.
It's wonderful to know that your funds are in safety due to having more wallets

[zeeMN]

Both have their pros and Cons.

For example,  one wallet means easy to manage and easy to remember incase you hide your backup password somewhere., unlike having multiple wallets and multiple private keys which make managing them difficult.

But if we look at this in terms of risk, multiple wallets are better should you get hacked, meaning you won't lose all your coins.

[Vx1]

In my opinion, it's not good to keep all your BTC reserves on one wallet, but I think the right solution is to divide it across at least 2 or 3 different ones, possibly using ledgers

Agree with what you said, because if we store it in one wallet then we lose the wallet or our wallet is hacked then all our assets will be lost. It is different if we store it in two or wallets, security will definitely be more secure and I believe this is what most people here will do.

[philipma1957]

multiple locations is best.  just not too many spots.

[sampoerna]

multiple locations is best.  just not too many spots.

Indeed, several wallets are reliable and reasonable, just don't have too many. Because asset management needs to be done. So if there are too many, then there is a concern that all of them will not be managed properly. So, just adjust it to your needs to avoid all risks of losing all assets and also choose a more effective one.

[philipma1957]

multiple locations is best.  just not too many spots.

Indeed, several wallets are reliable and reasonable, just don't have too many. Because asset management needs to be done. So if there are too many, then there is a concern that all of them will not be managed properly. So, just adjust it to your needs to avoid all risks of losing all assets and also choose a more effective one.

I HAVE 3 a blank one for recovery seeds. 1 for btc and 1 for btc doge ltc.

I want to really stress that having a few hardware wallets is certainly a smart thing if you have over 10,000 usd in coin. Two trezor 1 wallets  cost around 100 bucks.

To spend 100 usd to protect 10,000 or more just makes sense to me.

[joniboini]

Yeah, buying $100 to secure your $10k wealth should be a no-brainer, but some people want to cheap out on this because they feel like it's too expensive. I understand they don't want to get ripped off, but $100 is not that expensive. Especially when they offers good features focused on privacy, security, etc.

On the other hand, some HW manufacturers launch new products that offers many gimmicky features for $200 or more yet some people buy that with no issues at all.