Bitcoin Forum

Giving you additional information on what you need to know, probably most of you out there have heard about a HARDWARE WALLET before, and I think I can help you out with some information you may need and why you should buy yourselves a hardware wallet.

WHY SHOULD I BUY A HARDWARE WALLET?
Probably most of us are using software wallets; Coinbase, Electrum, Bitpay, Jaxx, and etc. I'm not totally saying that you should spend some money and buy a hardware wallet, In my own opinion, I do think that software wallets will give you security in keeping your bitcoins (or whatever that you are holding), but I don't think it will be enough for you to keep it without getting robbed, it is not HACK-PROOF, which means you cannot assure yourself that it won't get hacked, numerous people have been robbed through their software wallets, and some people have lost everything in just a glimpse, you can search from it on the web, google, bing, or the search engine that you'd prefer, go there and search for cases about BTC, and it actually has numerous cases of people getting robbed from their software wallet.

WHY SHOULD YOU BUY A HARDWARE WALLET?
Hardware wallets are indeed one of the best but there, hardware wallets can keep you safe and will take your holding even if you are not online, keys are extremely secured, hardware wallets may seem to cost you, but you should consider it despite that it will give you extra security, a lot of my friends actually own a hardware wallet and ever since they bought one, they never complained to me, it's hassle free, and you won't be worried about your holdings, since you'll be the one who's responsible about your hardware wallet. Now there are youtube videos and these hardware wallets' official websites, I highly recommend you guys try it out, here are one of the most knowned and trusted hardware wallets out of all.

Ledger Nano S: www.ledgerwallet.com
Trezor: www.trezor.io
KeepKey: www.keepkey.com

These hardware wallets are one of my most prerferrable wallets as of now, watch some youtube videos and see for yourself!

THANK YOU! FEEL FREE TO REPLY AND GIVE YOUR OWN INSIGHTS AND OPINIONS ABOUT HARDWARE WALLETS.

I am in the favor of Hardware wallet because online wallet is hackable many exchanges already hacked, if we are using 2FA security than this will be help but we know online things can be hackable and hardware wallet is more secured because we can store our cryptocurrencies and access via Private keys

I agreed to using a hardware wallet for security. By spending less than $100, I am able to secure my coins that cost much more, so why not? It is a good investment.

Also, take note that even though you're using a hardware wallet, the security is pretty useless if you save your recovery seed on dumb places like on a .txt file or on your phone's notes app. Yes, people actually do this.


You got a typo my dude. www.ledgerwallet.com

Some people hear that a hardwallet will protect their assets not matter what stupid thing they will do. I just like someone putting money in his bank and then giving away blank checks, believing that his money is anyway "protected by the bank".

-saving money / cryptocurrency in exchange prone to hacking cases (like mt. gox).
-saving money / cryptocurrency in online wallet (coinbase, jaxx and etc) prone to phishing and theft of funds.

So, there is no safe place other than Hardware wallet.

I use Trezor  ;D

Hardware Wallet have some advantages of its own and some always prefer it over software wallets. Software wallets are online based wallets while hardware wallets are physical drives in form of USB stick which can be touched and feel. Too many hacks happens on software wallets and some of them leaves the whole security for you to handle such as keeping your private keys safely. With hardware wallets it's just a plug and play device and you are good.

Thank you, did not notice that up until now   :D

I prefer ledger wallet over other hardware wallets because it is pretty cheap and also comes in different easy to use version. Also ledger support much more altcoins along with bitcoin compared to trezor and keepkey.

Trezor is pretty expensive but i think its the first bitcoin hardware wallet.

Good article as you presented to suggest people not only newbie for more safe storing the crypto asset by the hardware wallet, other wallet is good also but very risky for hacking.

Though I definitely prefer the Ledger Nano S with the same reason as you stated, along with ledger looking like a traditional flash drive compared to Trezor's toy-like look.

Actually the first hardware wallet(if you would call it a hardware wallet) is the open dime. Technically a hardware wallet but I don't think it was made mainly as a cold storage.

I believe it is worth having a hardware wallet even the asset is below $100. Who know one day it could turn to millions. Dream can come true.

I never noticed trezors look like toys before... You may have inadvertently ruined the way I look at trezors now. You are correct, now it does look like a toy to me. I may get a Ledger Nano S instead, does seem more elegant.

I just have more trust with Trezor though because it's been around so long. I stepped away from crypto probably the same time the nano S came out, so I wasn't around to see it come out and hear the community talk about it. I personally feel like I trust Trezor more because it's been around longer... But you are right, it looks like a cheap child's toy. I don't know too much about the ledger, so I will need to look into it. I do like the look of the Nano S over Trezor now that you mention it.


Ah, this is interesting. I too was always under the impression that Trezor was the first hardware wallet. I have never heard of open dime before. This is an interesting piece of Bitcoin trivia, thanks for sharing!

thank you for sharing this very helpful information.

A Bitcoin Hardware wallet is another form of cold storage just like a paper wallet as the Bitcoins are stored offline. upcoming ico oix.li With the USB method the transaction is sent to the now connected offline device signed - sent back to the wallet and then fed into the Bitcoin network and its myriad of notes for verification and inclusion in the blockchain.

Hey don't get me wrong. Trezor is also a good device with probably decent physical quality. I just think that if ever someone sees my Ledger wallet, they would just think of it as probably a typical flash drive. I personally just prefer people not knowing that I own cryptocurrencies(I definitely don't want some guy to threaten me to expose my recovery seed).

I think hardware bitcoin wallet is the most secure bitcoin wallet because it is dependent from internet, like a cold wallet. I prefer ledger wallet because it is not too expensive and very popular.

Nice article mate, It will be helpful for the newcomers.

Thank you very much.

Hardware wallets are essential in cryptocurrency because it offers security and protection to one's wallet. I prefer hardware wallet just because they are cheap and come in different types.

This is true and as we speak there are many hackers who try to get in in exchanges and get into online wallets to as cryptocurrency with its emerging market does have many money circulating in it and having extra security by using hardware wallet is just a needed thing for us, all we just need to do is to make it safe as it can be easily misplaced because these hardware wallets is just the size of a regular USB.

A hardware wallet is just the opposite of a software wallet. It'll come with the added security of prevention from getting hacked. But this is not a must, if you already have a good upgraded e wallet in the first place.

I have been using Trezor and I can assure that hardware wallets are the best way out there to secure and store your cryptos. It might be a bit costly but it's better to spend some cash on securing your cryptos than getting hacked and losing all the hard earned coins forever. Last but not the least, hardware wallets are really simple and offers ease of use to its users.

I would say that hardware wallets offer more versatility and control, some people say that they are more secure than online wallets, but I say they are still hackable, they use usb to be plugged to other devices after all.

Hardware wallets offer great deal of flexibility through mobile apps and laptops so you can take them anywhere you want. They are also very much secured and simple to use. I have been using Trezor and it has been worth every penny. The best part is there hasn't been a news of hardware wallet getting hacked.

I reserve my all coins on my hardware wallet because I feel safe to reserve my coin on hardware wallet. There are some other advantages too. But when I want to exchange this coins, what should I do?

Thanks for the great information and I totally agree with you. I have seen people loosing their funds as well as wallet because of hacking issues. If you don't want to live in fear of loosing funds just buy hardware wallet and keep your funds safe.

Hardware wallet is helpful but cannot secure your coins 100% as it just keeps the keycode of the currency you have in the blockchain. It just makes you assured that your money is not exchanged without your knowing.  But actually, it is the safest of all we have to protect our currencies for now. You need to keep your password written in the paper or remember it and write nowhere else like facebook, or other apps note.

I do not have much money to understand how this thing works correctly, but I think that if I had a little money, I would certainly buy myself a hardware purse, it is considered that it is much safer than everyone else.

Having a hardware wallet makes me feel secured of my holdings. My Ledger Nano S is what I consider to be an alternative to my retirement plan wherein I store most of the popular coins that I buy using cost averaging method and I plan to make it stay for up to 5-10 years depending on the situation of the crypto currency market.

I have seen someone has created a thread that discussed about he was getting hacked even his balance in the ledger wallet. But in my opinion that the trezor wallet has a better security compared with keepkey and ledger. There was so many hacked cases have happened with ledger. Yesterday someone loosing about more than 30 eth caused by that.

Online Wallet Hacking can be attack at any time. I think it's important to have a hardware wallet along with the online wallet. Among the hardware wallets I think ledgerwallet are quite good and safe.

The online wallets can be stolen or hacking, as safe as it sounds. Many of my acquaintances have lost all of them by accepting hacking. I think we need to have hardware wallet in addition to the online wallet. So there's more security here. ledgerwallert works by maintaining trust. I think it will be good.

Hardware wallet are still the safest means for keeping your btc or ethereum; but the reason I don't really like using it is because it looks hectic mkvin5 the coins around with hardware wallet. Trevor and ledger Nano is still the one I trust the most

I think you have said it all. Hardware wallets are simply a way for you to keep your coins in a wallet that is not connected online, which means that your coins are much safer from the threat of hackers when you put the coins in a hardware wallet. If you are looking to hold your coins for the long term without trading then you should use hardware wallets.

it looks like the wallet is using very tight security, and it's good for holding altcoins that we have like bitcoin and etherium, the system is almost the same as ladger.

Hardware wallets are a must have for anyone with more than about $200 worth of crypto IMO. Currently they are the most convenient way to store your crypto safely.

Hardware wallets are much more secure than the software ones and for this, I always recommend hardware wallets. You have mentioned many other advantages of using hardware. The hardware wallets you mentioned are really good but I prefer using ledger nano.

Using a bitcoin client correctly  may be safe as hardware wallets
100$ for a wallet is nothing, and you can do one yourself for cheaper if you want