Bitcoin Forum

I noticed that a lot of people in the crypto space are actually quite interested in hardware wallets to store their coins and tokens, but for many the price is still simply too expensive.

If there was an option to buy a hardware wallet, such as Ledger or Trezor, for a fraction of the current prices, would you personally be interested in getting one? For instance, if there was an older model that lacks some fancy features compared to the newer version of the wallet but works fine both to store and transact multiple cryptocurrencies, would this grab your attention?

A hundred dollars for a hardware wallet seems to be rather expensive. This might not be the case for people who are relatively well off in the first place, yet if you hold only about fifty dollars worth of cryptocurrencies, indeed it doesn't seem to make much sense to spend double that to secure your coins. However, in the long run, as you work on increasing the amount of coins you hold, it might be a wise investment. It would be great if manufacturers were to offer models that are a lot more affordable.

Other than price, are there other factors that are holding you back from taking the plunge to hardware devices? Is the price the main factor?

In this case, the price will be rather a secondary factor of abstinence from buying. Yet, what is happening at the moment with the market and the future is questionable. Of course, I believe that everything will recover, but, at the moment, those who had a few thousand dollars in the account, eventually have a wallet with a couple of hundred. But again, the question of coin safety will never go by the wayside.

security must be the first, I think the biggest regret is when you lose your assets in large quantities.
however the decision is your choice. I think it's very easy to use a hardware wallet.

There are cheap hardware wallets that are really worth having. Like a ledger nano S for $69.
https://www.amazon.com/Ledger-Nano-Cryptocurrency-Hardware-Wallet/dp/B01J66NF46

Is that a lot? You should always spend at least 1% of your investment on security. If you have more than 7000 USD in cryptocurrency it's a must have.

No, it's not expensive and while you are discussing this, Ledger nano s is on black friday sale so take that moment to purchase one. The price is the main factor, how much would a security would cost? how much is your anti-virus (for some its free). Security is one of the most expensive thing in the world and it doesn't mean just because you're holding $50 worth of crypto, you won't buy. Try to experience on how it goes and you'll enjoy if you are long term with crypto's.

i think if we talk about security and safety from our assets,, the price from a hardware wallet was not too expensive my friend
imagine with only a hundred dollars, you can store your assets in safe place,,
and for everyone who want to keep their assets in safe, just buy a hardware wallet  ;)

You cannot put a price on security. Securing of cryptocurrencies with hardware Wallets in my opinion is a very good approach because I don't think $150-$200 is too much to spend on a wallet that can potentially store safely millions of dollars worth of tokens.
Cryptocurrencies are volatile and real great coins can pump to very high prices so it is always better to safeguard your investments in the best possible way/form.

It really depends on the number of coins you are holding, if you are a holder of too many coins and these are top coins then going for a hardware is a big must, but the current price of all coins right now will not attract any holders to buy one now you are right the price of both coins and the hardware is a big factor in buying hardware wallet.

I would be interested in getting one of them, i guess the security needs to be updated and that's the main reason for me personally to use the new model. If you don't wanna spend a lot of money and you can create your own wallet through use flashdisk and it's so easy. But as long as we never try to publish our privateley and that will be fine.

$80 to a $100 is not that expensive literally. But it is to many. Though will price matter considering the potential bigger losses we can incur if we don't do this security measure? I don't think so. We should protect our investments..and hardware wallets are the best ways to do that.

If worth it I think it's no problem, but if you don't want to spend that much money, you can use another alternative to secure the crypto assets. One of them is by storing the private key / seed in the paper wallet, maybe this method will be much cheaper but the decision remains in your hands

It depends on how much you assess the security of your assets. I personally think that $ 100 for security is not expensive at all. But it all depends on the size of your capital.

buy a hardware wallet, which is now not so expensive and use as much as you need

because the price are so expensive security in hardware is more secured than digital wallet like we used now for storing our asset

It depends of how much crypto you have. If you have, like, 100-300$, it s not worth spent one hundred for wallet.
But if you have more than 300-500$, i think, buying wallet is a necessary thing.

You can buy wallet on Black Friday sale or Christmas sale - price may go down for a half.

If you get hacked only 1 time - you can lost all. Is it worth the economy of 100$ not spend?

IMO, I don’t think hardware wallets are expensive at $100 or less. Of course if there are more options under $100 will be good, it will benefit users with lesser budget or newbie who want to try. However, security is very important. So, don’t lookout for price but security first.

There aren't really expensive if you are giving importance to the crypto's that you hold, altcoins or bitcoins.

Name all of those altcoins that you think you didn't need a better and more secure wallet. If you are good holding those altcoins to their respective wallets then its fine, I wouldn't spend that much money with crypto's if I have no plan of securing my assets.

considering a hardware wallet is only useful for someone who plans on having large amounts of cryptocurrencies and also wants to have access to them at all times to send and receive fast and easy in a secure way, you can say that it is worth it.

these people are always traders. and as an altcoin trader they want to have their coins at the ready in an instant so that they can dump it fast while they don't want to keep it on exchanges since they can run away. so hardware wallet is good for them and the price doesn't matter since a good altcoin trader makes a lot of profit from shitcoins that get pumped and dumped.

I don't think its pricy if we're talking about security of our funds specially if you're a bagholder. But for a casual like me who doesn't have huge amount of coins then I wouldn't buy for now.


But if by chance I would get one, then there's no question that I would get either of the two. Although there a hardware wallets popping around, I would still trust trezor or nano s because that's where majority of big holders are using.

Less expensive options are coming. I can only suggest to look out for special deals by the manufacturers and/or to simply wait for older models to be made available at a much less expensive price.

For instance, there's the Trezor One, whose more expensive successor is the Trezor Model T. Both models work just fine. As far as I heard the former will be made available at a very affordable price in Q1 2019. I predict that more affordable hardware wallets will get a lot more people interested in using hardware security to protect private keys.

Hardware wallets like Trezor and Ledger Nano is only under $100, it is not expensive to pay under $100 to get a hardware wallet to store your coins, because hardware wallet is the securest wallet now.

I don't think so as long as you have good money in coins, I like both types of wallets.

Not such wallets and expensive. If you save on the purchase of a wallet, for the reason that it is expensive, it can end badly. Any online wallet is susceptible to hacking, if fraudsters steal tokens, it can be more expensive than buying a hardware wallet.

It may be expensive to buy a single hardware wallet but its benefits will ease your frightened when storing coins or tokens. With hardware wallet your funds are much more secured and cannot be easily be stolen by hackers.

When we have more than $10k of assets, we need to think about the security and having a hardware wallet is a must thing that we need to have. Hardware wallet like ledger or trezor will be the best wallet to save the assets, so we don't have to worry about losing or hacked by other people. I think in the Amazon, you can search the hardware wallet you need, and I am sure you can find what you want. Don't think that the hardware wallet is too expensive because when you lose your assets, you will regret it because you do not save in the right wallet.

expensive if you keep cryptocurrency below the price of the hardware wallet, but the security is best for our benefit as a semi-active user
with hardware wallets, we can better control our money without any major risks such as hacking on myetherwallet
but even so, we must be careful, because hackers are not stupid either

I don't think they are expensive. Just a few weeks ago nano ledger was only 50 bucks. I think that's pretty affordable for anybody who is in crypto.

These hardware wallets are not expensive compared to the amount of coins you're going to put in there. Probably, since only few brands of hardware wallets are available, prices will be high but not expensive. However, if we're taking into considerations the security, these hardware wallets is a must.

They are never too expensive because these are the best wallets for your coins, they make sure that your coins are not accessible by people on the internet thereby making sure that your coins are always safe, I understand that the wallets can be quite expensive but with the threat of getting your online wallet hacked it is worth it

I think it's reasonable price for safety and also it's very convenient to use hardware wallets with decentralized exchanges which are far from consummation

No I don't think so but you can wait until they offered price cut during promotion unless you want to take a risk buying from. 3party

Seriously? Spending for $ 100 to keep $ 10,000 safe is expensive? This is primarily reasonable. I once thought it was a lot too. But when my wallet was hacked and all the money was stolen - I regretted

Hardware wallets are expensive and it's worth it. Security is expensive and if you have a thousand bucks worth of digital assets it's a must to have a Trezor or Ledger Nano or other industry recommended hardware wallets. It's better safe than sorry and it's only 100 usd compared to thousands worth of tokens will be stolen in your hot wallets.

It will help you absolutely safe. You will never have a problem using a hard wallet. And of course to be safe, you need to pay the right amount and I think it's not too expensive for us

I don’t understand how to talk about the high price of a hardware wallet, if the safety of your assets depends on it? 80 euros, is it expensive? What is the point of being in crypto if you regret such a small amount? ... Weird people... In my opinion, buying a hardware wallet is the first step in the crypto world.

I personally think that hardware wallets do not make sense if you do not have 10 bitcoins. What is the point of keeping your money in such wallets if you have 1 BTC? easier to keep it on few wallets and exchanges

Even for those who do not have big portfolios, security should be imperative. Ledger Nano S is a good one and it
is around $100 but there is always some discount if you buy 2 or 3 pieces. Every year on black Friday there is a
50% discount and $50 is worth for your crypto assets being secured.

I think that such wallets will become cheaper in a few years. At the moment they are in demand, so are very expensive.

The popular Nano S by Ledger has now been made significantly cheaper, which is nice. The new model that was just announced, Nano X, is now the more pricy option. If you like bluetooth capability to use your hardware wallet on the go and if you need more capacity for wallet apps, Nano X might be a great option for you. For all those who're fine with having to use a cable and less capacity, the Nano S is still among the best choices. It works very well.

The price isn't a main factor, if its a main factor then casino's, exchanges and other establishments aren't willing to pay for the price of their security.

It's the most important thing to a business, security. As for those people who still don't have enough money to purchase a hardware wallet, you have to. You can save as much money as you can before buying that. There's no expensive if its for the security of your money.

Personally, I feel that $100 for a hardware wallet is reasonable. I take this as a secure and convenient way to store my coins. Buying a $100 hardware wallet to store $50 worth of coins doesn’t seem to make sense. But I guess the $50 worth of coins will appreciate in price as time goes by.

For me, security is the main factor to determine which hardware wallet to buy. Next come up will be the coins supported and price. So far, I have find Ledger and Trezor to be good and value for money.

I got a hardware wallet when my crypto portfolio went 10x more than the cost of the wallet.
$100 for a Ledger holding $1,000 worth of tokens/eth is a good ratio/justification to protect your crypto.
I still store some eth & tokens in several MEW since I don't carry my Ledger everytime. Only those for long term are stored in the HW wallet.

its depend how much the value from your crypto assets my friend
if you have more than $10K i think a hardware wallet is not expensive even its good enough to store all your assets in one wallet my friend
but if you only hold about $500 even less,, i think a hardware wallet will be too expensive for you,,  ;)

Yes, security is first and must for your wallet. Hardware wallet needs to pay but it gives more security than online free wallet. Although i use online wallet, i didn't use hardware wallet before but now i am thinking to switch from online wallet to hardware wallet.

What is more expensive and will shake your head is when the trading platform or the wallet you are using where your funds are sitting were hack. I also don't wanted to buy a hardwallet before because it was too expensive for me but what funny is that I earned a lot on 2017 more than the price of a Trezor or Ledger. Based on my experience, the main reason why most crypto enthusiast were unable to buy hardwallet is because they are not aware or afraid how this thing works or don't have a device like laptop to connect the hardwallet.

Prevention is always cheaper than cure.
Imagine if you lost only 100USD in a crypto so it would pay off.
I own Ledger Nano and I must say that it was my best decision.

I do not understand for whom they are portobny at all? I doubt that the so-called whales or large exchanges keep their cold wallet on them. I think there is a great risk that the coins will once be stolen on such purses and do not trust them at all.

A hardware wallet is very convenient. You don’t need to have wallets online that you don’t trust, you can download many blockchains to your computer. Having an investment of even $ 5,000, don’t spare $ 100 on a wallet, it’s very convenient and safe.

I think cheap or expensive is a relative things, if what we kept in the wallet is a big amount of fund and we also wishing to have maximum security, then it won't be expensive.
But if what we had is just small amount of fund then it became expensive :D

It's not too expensive compared to the amount you want to keep safe. People who use hardwave wallet are people who have huge amounts of money and they want their money to be as safe as possible, so $ 100-200 will not be a problem for them

there is no word too expensive if it is for the security of our own money, precisely if you lose your crypto assets because you keep it on the exchanger it will cost much more, it's okay to buy a wallet that is very expensive as long as it's safe ;)

My advice is better direct use hardware wallet to protect your crypto assets, try to check the latest release of Ledger Nano X, it's can store up to 100 applications at the same time (nano s only allow install 4 apps), support most of the popular cryptocurrency, it's also support bluetooth connect to your smartphone with Ledger Live Mobile app and safely transact anywhere, remember security is most important parts for us to store your crypto assets.

I have always a to get myself a hard wallet. The price just blew me off. I still have interest in that anyway, that is if the price is cheaper than what I was earlier told.

to my knowledge, that wallet hardware is more expensive than what you think, but in reality this is very in accordance with the security that they offer in terms of security.

For me, I still use ERC20 wallet to store, my property value is not much so I do not buy hardware wallet but if your property value is high, I think you should buy hardware wallet for more security

When you made mention of the cost relative to people's capital, I agree with you on it. It's just insane to spend more than you're worth just to protect it. But with time, I'm sure people will be able to afford it. If the market was still the same as it used to be, it could've been an insignificant amount.

You can also have an offline computer to do plenty of things, including storage of your private key.

Well, a stand-alone computer will cost is clearly higher than ledger )
so I think it is not necessary to be greedy and it is better to spend and buy a purse , with it you will hardly be able to steal money !

Me as a cryptocurrency holder doesn't really advice for others to keep their coins in a hardware wallet. Hardware as we know can be manipulated, and software wallet also, but the advantage is that, software wallet do not needed some cash in order to be use.

hardware wallet are currently the safest places where to keep their coins, unfortunately i think they are very expensive, good results at security level can also be obtained with a software wallet as exodus or doing offline transactions with myetherwallet

I don't think hardware wallets are too expensive. I bought for $ 100, but this money spent guarantees you the safety of your coins and it's worth it!

I think it depends on your asset, if you have a big crypto asset, you should own hardware wallet. About the price sometime there is people in this forum who offer to use his/her affiliate link to buy it in official website, they offer a cashback that will help you to reduce price.

hardware wallet is also not the best choice and also does not mean having the highest security, it all depends on how we maintain, from the beginning I know crypto, and only using Private Key is more than enough to secure assets, no need for wallet hardware.

If you have a lot of bitcoin it's just prefer that you use hardware wallet tHan storing on online wallet that you don't have any asurance of security and easy to hack. In terms of price I think not much expensive but it depends on the brand because my friend bought  hardware wallet around $200 from France and dilevered in our country.

For some people, they might consider the price of a hardware wallet is expensive. But for me, nothing. Because $100 is the accordance price to the level security of that hardware wallet. But, as long as we can keep our wallet safe, then using the trusted software wallet is not a matter.

Those who have small amount of fund it's hard for them to buy a hardware wallet cause most of them are a little bit expensive. But if you have large amount to store then I will always suggest a good hardware wallet like ledger nanao s or trezor. I personally prefer ledger nano S cause it has good security small easy to use and secure. The main factor is the security in my opinion not the money if you someday lose(hope not) a lagre amount of money or maybe not that large maybe a 1000-800$ fund  that is better to buy a wallet than this. So if you have some extra money always go for it.

Don't forget about we can use it for long time and i think even $100 is not really expensive. Because even now that people only have small amount to safe, in future if they get big amount of money, thet not confused again where they will save their money.

I dont think buying hardwallet is too expensive compare with the security. I think the security of our wallet is more important than the price of hardwallet. Its more safe if we store our altcoin in hardwallet because right now many hackers trying to steal our coin and token

Its quite cheaper compared to credit cards and other banking services. Additionally, you would only paying once unlike on the banks that they just charge you for every transactions you'd made with your card or any of their services. I really suggest that if you are an investor, you should get a hardware wallet. Its convinient and safe compared to online wallets out their that may also sell your information if things gets worst.

I think that's part and parcel of being our own bank. It's better to get a full functioning trusted hardware for a better price so that you know your investments are safe from any attacks. If you invested $100K in crypto, $100 dollar of hardware wallet is nothing, I guess.


Older model? Probably, but it's need to be original and not refurbished or something.


I guess manufacturers are charging expensive because it took them time and money as well to developed their model to be secure and trusted.


I'm not saying I'm well-off or something, I always value security so it's a easy decision to me to invest into a hardware wallet as well.

Hardware wallets do have an added layer of security but if you are cautious and aware of what you are doing, you can easily secure it.
For larger balances and for storing a long time, I'd always recommend paper wallet. You can just print the qr code from any generator and store it in a vault.
Crypting the private key with your secret algorithm would take any bearers 1000s of year to crack it.