Bitcoin Forum

I have only dipped in to Bitcoin and a few other cryptocurrencies but I want to invest a little bit more and I am in one mind to use software wallets but another mind to invest in a hardware wallet? Currently, I don't know whether I see a point if the hardware wallet almost matches the value of the coins I hold?

Brad

It depends as how valuable your coins are to you. If you are serious about investing in cryptocurrencies then getting a hardware wallet can be  a critical thing needed in order to succeed. While they cost some money they are worth it as they offer the best in class protection for your coins. The most widely known wallets are Ledger Nano S and Trezor. Keep in mind to never buy from anyone else than from official creators.

Ledger website: ledgerwallet.com
Trezor website : trezor.io

Electrum which is a software wallet is as good as hardware wallets if you , the user know what you are doing and have experience in bitcoin ecosystem. Electrum is free to use.

Electrum website: electrum.org

It is special bitcoin wallet which store the user private key in a secured hard ware device.

Invest in hardware wallets and that will be one of the finest investments you had. What are the coins you are holding? Get one of it already so that you can have a safety vault of your coins.
This will help you choose on what type of wallet you really want. https://bitcoin.org/en/choose-your-wallet

I agree it isn't that expensive and will give you a lot of peace of mind. Just make sure that you buy the wallet from an official seller , and not some random site on the internet.

see there are so many things that involves in hardware wallet. there is advantage and disadvantage that involves in all this wallet but first and foremost you will go for the one that will be beneficial to you. if i m to chose i will chose online wallet because once the hardware is down or damaged you loose everything in that wallet but online wallet you can log on to another device and continues your work. but the choice is yours.

its also good to be able to secure your environment. you will need solid space to move coins around wallets, software and hardware.

It's affordable for someone who wants to put his coins in privacy and safety. I forgot that thing, yes buy only from trusted partners/retailers of nano ledger s or trezor to avoid this scenario.
Life Savings Stolen from Second-hand Ledger Hardware Wallet. (https://cointelegraph.com/news/life-savings-stolen-from-second-hand-ledger-hardware-wallet)

JUst FYI, using a hardware wallet doesn't mean you won't have to use a computer! It also doesn't mean you're invulnerable to being hacked.
People tend to think hardware wallets operate independently, but they don't. For instance with trezor you need to install trezor bridge software on your PC and it handles things like wallet recovery in case you got yours destroyed or stolen. The PC security should always be your first priority.

Currently, I have Bitcoin, DeepOnion, Bitcoin Cash, Cardano and Verge. From what everyone has said, it seems like a no brainer so I will definitely go for one.

Thanks everyone

I understand your position. Hardware wallets are expensive but necessary items once you develop a substantial portfolio that you would not want to lose.

I think its a must if I'm looking to expand too.

Hardware wallet in an essential thing if you are going to invest a decent amount of money. A lot of people had lost their money because they used a software wallet on a computer which was always connected to the Internet. Both Trezor and Ledger are great devices. If I were you, I would go for Trezor if you don't mind lack of altcoins. The latest Trezor T looks like a solid device which will last for years. Hardware wallets are worth the money you pay for them.

Simply holding bitcoin is pretty much the same as investment BITCOIN is a different case just by holding you can profit an unimaginable amount of though if you will take all the risks. Hardware wallet is the most profound of all wallets it is hard to hacked or cracked cause they have so many safety measures and counter procedures. Well if you have a big amount of BTC in your wallet you must put it in to safety and go for hardware wallet you should not take this for granted or else it you can be hacked.

yes security is very important so that no loss or hacked phishing and so forth then it is a good solution using wallet hardware because it is anti phishing and we live secure our hardware so as not exposed to the virus

If your investment is high and you are going to hold large number of coins, then you could buy either trazor or nano ledger wallet as it would be much safe to store your bitcoins in it.

Earlier most of the crypto users just used desktop wallets mostly electrum wallet when prices were very low but now, every one is much concerned about shifting to hardware wallets which are not vulnerable to any cyber attacks.

But remember to save your passwords otherwise you would have to encounter serious troubles.

Yes, you right.
If you have serious about investing you must have a hardware wallet. Doing right if you save the coins in hardware wallet like Swogerino says.
If you use a hardware wallet please to get attention on fee transfer, you must learn and choose a good fee for make a transaction. It's very important thing to avoid a pending confirmation.

hardware wallet is actually a physical device that facilitates your payments and holds your keys privately.No one else can access them and  they are immune viruses.

You don't necessary have to buy a hardware wallet to keep your coins save. There are other very convenient ways to store digital coins, for example a paper wallet or an air-gapped machine. I personally prefer those over hardware wallets, as they don't have to cost any money. If you have a spare computer laying around then you can use that as a hardware wallet. Disconnect the computer from the internet preferably by removing the network adapter and then install a software wallet with offline signing capabilities, using an USB flashdrive.