Hardware Wallet

[Ranly123]

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

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.

[AntonDrobot]

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.

[soname12]

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

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.

[bug.lady]

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.

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.

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.

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.

[jaaeeeyyyy]

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.

[ukstar]

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.

[chriselda nina]

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.

[tarolina vida]

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.

[Dudeperfect]

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.

[alexros20]

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.

[cynical]

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

[Pandacomel]

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

[Old Bindu]

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.

[Ultegra134]

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

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.

[Carmen03]

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.

[Tipsters]

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

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.

[Aura]

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.

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.

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.

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.

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.

[TimofeiHabarov2807]

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.

[bit-freedom]

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.