As a cryptocurrency investor or trader, it is advisable to have multiple wallets so as not to hold large amounts of cryptocurrencies in a single wallet or exchange. ... This means that every time you need to move your coins or tokens the other people will be able to take note of your wallet.

How many Bitcoin wallets are possible?

As long as Bitcoin uses the RIPEMD160 hash function, there are 2^160 Bitcoin addresses.

Can you have 2 crypto wallets?

Final Thoughts: Should I Use Multiple Cryptocurrency Wallets? Since a good majority of cryptocurrency wallet providers are free, the decision to use multiple wallets usually comes down to convenience and security.