Bitcoin Forum

Hey Community,
what do you think about hardware wallets? Do you use one? And how much currency do you store on it?

Hardware wallets are a must have, especially if you have a lot of money in crypto. Think of it this way: Pretty much every single wallet has an app and you can carry it around with you on your phone. If you had a million dollars, would you go about your day with all that money on you? Or would you store it somewhere safe, like in a safe in your home? I think this analogy explains the need to own hardware wallets pretty well.

The more founds you have the more sense it makes to buy a hardware wallet. Its price is fixed (regardless of how much coins you store in it) and it really makes sense to spend some euro for the increased protection to safeguard your founds.

It is straightforward to use, very secure, can be restored even if lost or stolen, and it has nice user interface (actually both Trezor and Ledger do). Also, it can be paired with some third party wallets (like Electrum or MyEtherWallet) providing increased security for those wallets too.

Due to my knwoledge, a Trezor or Ledger bought from a legitimate source (NOT eBay) has never been compromised.

So I can really see no reason NOT to buy it and a lot of reasons to buy it.

Just please note, that you must secure your 24-word backup and NEVER disclose it to anybody.

I think very highly of them, I wouldn't use the blockchain without one!

Trezor and Ledger (the two best known hardware wallets) handle slightly different sets of coins, but both are very valuable tools. Trezor has a great blog tha helps explain their product as well, I'm not as familiar with the support tools for Ledger.



Yes.



A high percentage of my total holdings, but asking anyone "how much" is a dangerous question. It's like asking someone what their salary is, how much money they have saved, how much debt they have, etc. You're asking a very personal question to strangers, don't expect a response.

Buy Ledger from official store it's good solution to store your coins.

Remember these guys?

Case Is An Insanely Secure Hardware Bitcoin Wallet
https://techcrunch.com/2015/05/04/case-is-an-insanely-secure-hardware-bitcoin-wallet/

You should keep your coins secure, hardware wallets are the best for this purpose, if you want to use the coins as well. You should keep the hardware wallet in the safe unless you really want to spend some coins, because to check you balance, there's no need to have the hardware wallet at your fingertips. You can check your balance wiht your address on a blockchain explorer, you only need the hardware wallet if you want to spend or e.g. if you want to sign a message.
The best thing is that when you use a hardware wallet, you don't need to expose your private keys, because the hardware wallets does everything inside, and it only send signed transaction or signed message out, which doesn't cointain private key at all.
The only, the most important thing is the seed (the 24 words, generated at the first start of the hardware wallet), this is the key of the backups, so keep it in a secure place, more secure than the hardware wallet itself. As long as you (and only you) have that seed, you and your coins are safe.

Nope, but it is from 2015 (I think quite close to when I first heard of Trezor) and there are not around anymore. And Trezor is quite fine. So you got me interested, I admit. Can you please tell us what happened to those guys?

I don't use a hardware wallet because the hardware wallets could have a virus on it. If they don't have a reputable company then they will probably try to put one on it.

Hardware wallets are no doubt the best way to store coins, other kind of wallets are very vulnerable to new methods that is designed to steal your coins.

https://blockgeeks.com/cryptocurrency-safe/

This link can give you basic knowledge about hardwallets and which are recommended.

In my opinion, it's not about the amount of bitcoins that you will be keeping but it's about how much capital you have invested. If you have put a huge amount of money, then it's enough reason for you to store it in the safest place you can think about.

It's security is much more reliable than any wallets. Just keep your private keys safe too. Don't ever forget or lose it. Or your coins will never be retrieved.

Hardware wallets are the safest way to keep your bitcoins from attacks because there is always a high risk to keep them online due to hackers, while using online wallets even your one wrong move can led you to a complete loss. BTW I don't hold much bitcoins that's why i am not using it till now.

Hello. I will always have a hardware wallet at my place and clearly I will have enough money in it. about bitcoin, I can say that the stores have not yet evolved enough to accept the bitcoin payment

They are brilliant, yes I use one at the moment. Not going to divulge how much currency I have on it but I would say if you have more than 1k US dollars it is for sure worth the protection. Similarly I heard online if it is roughly 1 weeks of wages you should protect it too, which ends of roughly at the same conclusion.

Honestly, I don't have hardware wallet yet, but I will buy one soon. It's too important to secure your funds in crypto. Usually, people who have a massive amount of bitcoin, store them in a hardware wallet, because it's too risky to store a large amount in an online bitcoin wallet, even if it's secure. I advice anyone to use the hardware wallet to store their bitcoin or maybe other altcoins, It's much safer. Currently, I don't have a lot of bitcoin but I think it's worth to save my few btc on it for now, I don't trust any online bitcoin wallet.

I use the Trezor wallet and I really like it. So far, it's the safest wallet I know. Even the Ledger have found a vulnerability.

Hardware wallet is the safest wallet for cryptocurrency. Since I don't have a lot of bitcoin so I don't have plan to use it for now. May be later. But hardware wallet is not practical to use, I prefer to use online mobile wallet because it is easy to use.

You must have a hardware wallet if you have 1 BTC. But if not, I guess you should go to a bitcoin platform, you can access it anytime and anywhere and less hassle to use.

Ledger Nano S is a great way to store your bitcoin. It costs around 80$ but if you have a decent sum invested and you plan to HODL long time is totally worth the price

Hardware wallets are not the most secure way to store Bitcoin. I can give you multiple reasons why paper wallets are much better for this purpose. First, hardware wallets are not fully open-source, so you don't know if the code has a backdoor. Second, hardware wallets not being open-source means that you can't build it from source, so you have to trust on the manufacture that the official program is operating on the hardware. Third, they cost a lot of money compared to paper wallets that do the same thing. Lastly, hardware wallets are becoming are target for hackers and no software is really immune.

It is a must if you have a lot of money to store. It is also essential to avoid being hacked by some scambags. Nowadays online wallets are secured but as what the old man says, do not store all your eggs in one basket.

Most hardware wallets are equipped with screens. In addition to the fact that it is very convenient, because the screen displays the actual information when working with the storage, it is also an additional security feature - it is easier to pass verification and monitor the state of your balance.

I do not use a thick wallet, but I know some friends have ever talked to me. You can buy a thick wallet and use it to store your Altcoin on a storage device such as an SSD. If you do not use it, you can unplug the SSD from your PC or laptop to avoid being the attack.

Well I could easily list some problems with paper wallets too:

• they can get lost or thrown away or burnt or otherwise distroyed - easily, unless they are backed up
• while creating and backing up a paper wallet you can make a copy-paste mistake and thus render your founds irretrievable
• if somebody has even a glimps at one of your paper wallet copies - your founds are done with
• if you set up your paper wallet on an already compromised system - your founds are done with

The list could go on. Everything has their advantages and disadvantages. But considering what is in store, I would go along with the hardware wallet option.

I don't have hardware wallet but as far as i know it is like a flash drive storage with wallet address wherein you can store your coins. I already see a ledger which my friend bought and its like a software wallet designed to be tangible and for more security on your coins. I think it is just bitcoin and ethereum that can store on a hardware wallet.

Hardware wallet it is a totally different type of wallet. in this online market there are too many hackers hack account but if you use hardware wallet it is can't possible to hack so if you want to secure your account you need to use hardware wallet.

Top of my list for the best multi currency hardware wallet for your cryptocurrency is the hugely popular Trezor Hardware Wallet. This multi-currency crypto wallet provides a very high level of security while still being extremely easy to use.

I would say the Ledger Nano S is the least expensive one and supports more altcoins, but for only storing Bitcoins I like the Trezor more. I think the Trezor is more user friendly and you can make an unlimited amount of ‘hidden wallets’. That's why I'm using it.

I do believe that holding funds in our control is the best way to use crypto as the core principle of cryptocurrencies is giving the power to its users and it doesn't make any sense to hold funds online.

I am fan of Trezor (even though they should introduce some more currencies) hardware wallet and I received my unit just couple of hours ago and I am setting it up. No doubt, it is safe and user friendly when it comes to the crypto transactions.

Hardware wallets use 2FA by making sure that in order to access a wallet you prove your identity by something you have (the physical wallet) and something you know (the PIN code for the wallet). If you’re serious about Bitcoin, you need to get a hardware wallet, I personally have 3 different ones.

Hardware wallets are one of those things I suspect some people do not invest in and are considered when its too late.

The Hardware wallet is one of the 3 essential safest wallets available with a Paper and stand alone computer.

Also it is worth noting, Buy hardware wallets directly from the Manufacturer rather than unveriied sources for the sake of a small saving

A hardware wallet is a special type of bitcoin wallet which stores the user's private keys in a secure hardware device.They have major advantages over standard software wallets:

1. private keys are often stored in a protected area of a microcontroller, and cannot be transferred out of the device in plaintext.
2. immune to computer viruses that steal from software wallets
3. can be used securely and interactively, as opposed to a paper wallet which must be imported to software at some point
4. much of the time, the software is open source, allowing a user to validate the entire operation of the device

I have been using the hardware wallet for about two years now. I believe that this is one of the most necessary inventions for bitcoin and cryptocurrencies.

They are considered a must have component for those who hold a great amount of coins. They provide great security features.

However, I find them pointless for those who have mere amounts of crypto.

Hardware wallet are great to store our cryptocurrency to avoid account from getting hacked.Hardware wallet are stand alone hardware cold storage devices that generally keep while making transactions. Hardware Wallet are secured from your regular computer malware because it generates private keys offline on the device itself.

I only prefer you to use hardware wallets if you have already have a lot of cryptocurrencies on the internet. It is because no money is safe in the internet from hacks and other things that can cause sabotage. I do not use one since I am running low in crypto as for now and I don't like to hold coins as well. For the mean time, if you want to buy a hardware wallet think of it as a form of investment that will later on grant you assurance.

A hardware wallet can be burnt or thrown away either, but a paperwallet has the benefit that you can copy it so you can spread it over multiple places. You should recheck it multiple times, if you're too lazy to do this you should not have a wallet in the first place. I personally think that a hardware wallet is more recognizable than a paper, especially when you write it yourself. You shouldn't use Bitcoin on a compromised system, same applies for hardware wallets. However, it's your own choice but definitely not the only way to store Bitcoin.

Citibank estimates that the bitcoin network consumes about the same amount of electricity as Japan. The problem is that the mining process is incredibly energy-intensive.

Yes, I use hardware wallet and not only 1. I find it easy to use and provide additional security to my coins. I keep most of my coins in hardware wallets.