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Author Topic: Cold Storage  (Read 123 times)
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June 24, 2017, 04:15:04 PM

Which bitcoin hardware wallet is best Trezor, Keepkey or Ledger Nano? Is it a must to have one of these cold storage for our coins to be safe? And what would happen to our bitcoins if one of these wallets are damaged, beyond repair, lost or stolen?

As we all know nowadays hackers are everywhere and use some strategies just to steal our funds from our wallets. Social engineering, key logging and phishing are common methods they use to hook their victims. Is it really safe to use public computers in doing wallet transactions? Please feel free to post some of your insights and share it here for us to be aware of regarding this matter.

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June 24, 2017, 06:32:56 PM

I think all of them instruct you to keep a backup paper wallet of the seed. At least Trezor does. You write it down on a piece of paper and can use that seed to restore your wallet should your device be destroyed.

Obviously, you have to keep the backup of the seed safe, because anyone who has the seed can get your bitcoins.

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