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Author Topic: There must be some don't do with hardware wallets or there is none?  (Read 285 times)
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August 13, 2022, 08:11:55 PM
 #21

I bought a hardware wallet finally but honestly, you guys can't tell me that hardware wallets don't have any disadvantages, is it safe to just use them without zero worries or let me just ask by saying what are the Don't Do of hardware wallets?

Just take this with one mind, hardware wallet id the best solution to every challenges you could come across in terms of security and privacy, the only little lapse i see in using it is that some don't support multicoin, while others that do were being selective because shitcoins are much out there and their main target is not to accommodate such, but all hardware wallets fully support bitcoin with few altcoins when others don't support altscoins.

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August 15, 2022, 10:03:53 AM
 #22

Just take this with one mind, hardware wallet id the best solution to every challenges you could come across in terms of security and privacy, the only little lapse i see in using it is that some don't support multicoin, while others that do were being selective because shitcoins are much out there and their main target is not to accommodate such, but all hardware wallets fully support bitcoin with few altcoins when others don't support altscoins.

For those who are focused exclusively on Bitcoin, this is actually an advantage, not a disadvantage. Trezor even has something called "Bitcoin-only firmware", which in my opinion is a very good option, because you should take into account that multicoins support carries with it certain risks in the form of possible attack vectors.

One of the more famous vulnerabilities was discovered a few years ago in Ledger HW, and it was precisely the multicoins support that caused the possibility that the user was convinced that he was sending an altcoin transaction, while in fact, a malicious wallet would sign a Bitcoin transaction.

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