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Author Topic: Should I get a hardware wallet ?  (Read 1146 times)
Bradstrange
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March 06, 2018, 09:37:27 PM
 #41

I also wondered the same but I have found that a hardware wallet would definitely be best just for the security alone.
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sotoshihero
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March 06, 2018, 09:40:50 PM
 #42

I think its a must to have a hardware wallet.Now that there many reports of havking and even millions is lost by exposing their privaye keys,the demand to have a secire wallet arises and having a hardware wallet is a major option. Only 3 options  og  hardware wallet as of now trezzor ,ledger  and another one which is new.
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March 06, 2018, 10:11:32 PM
 #43

If your really not going to use it for years, then just print a paper wallet. That doesn't cost anything and instead you can spend the money on more Bitcoin. Hardware wallets are convenient for active usage, but really not worth the money if you're not going to use it that way.
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March 06, 2018, 10:25:42 PM
 #44

If your really not going to use it for years, then just print a paper wallet. That doesn't cost anything and instead you can spend the money on more Bitcoin.
This is the best, oldies but goodies. For those that don't want to spend some bucks to get their own hardware wallet this fits you guys. Just keep it safe since you will not use it for years so its for keeps.

Hardware wallets are convenient for active usage, but really not worth the money if you're not going to use it that way.
Its use now is also being considered as cold storage even though it won't be use as an active wallet but more of storage.



 

 

 

 

 

 


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hadveach
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March 06, 2018, 11:00:58 PM
 #45

good idea, if you do not want to touch and choose to hold the coin you have, you better use hard wallet. such as ledger nano, or papper wallet ad other.

but I think ledger is more secure, you do not have to use private key. because the ledger just to save it.
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March 06, 2018, 11:26:30 PM
 #46

Im looking to hold crypto for the long term... I don't want to touch or spend it.

Should I get a hardware wallet ?

Im looking at the Ledger Nano S, Is it SAFE ? What hardware wallets to you use ? Is it possible Ledger has access to our private keys ?



If you want a more secured storage for your bitcoins? Yes you should. Hardware wallets are the most secured wallet and the most recommended for long term holders. Ledger nano s is safe enough to store your cryptocurrencies, and yes you can access with your private key through ledger nano s.

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March 06, 2018, 11:35:52 PM
 #47

It is an old thread and I don't know if you already bought a hardware wallet or no, if you didn't, I highly recommand you to do so,
Lately, I lost 5K$ from my online wallet, someone stole it because I didn't care for security.
I will definitely buy one because I don't want to loose the few dollars I still have.

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March 06, 2018, 11:41:00 PM
 #48

If you own some cryptocurrencies that do not have the need to sell but hold the long term, buying hardware wallets is a must if you do not want to lose the amount of crypto you own. You should buy Ledger Nano S or Trezor, both are entirely reputable as well as secure in cryptocurrencies storage.

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March 06, 2018, 11:48:50 PM
 #49

I think you should buy hard wallet when your account will have more than 1-2 bitcoin
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March 07, 2018, 12:04:06 AM
 #50

Depends on how much BTCBTCBTC assets you have and your insecure condition even if it is relatively little. Encrypting my harddisk is more than enough for me to store my private keys instead of buying hardware wallet. It can be hacked anyway and lost! Be smart, you can also encrypt your private key and store in trusted cloud store.
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March 07, 2018, 02:05:47 AM
 #51

If you want to invest in bitcoin long-term and do not touch up to last year you should indeed have to use a hard wallet to keep your bitcoin safe, if you do not use your hard wallet you can also provide security with code from like 2FA

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March 07, 2018, 02:25:21 AM
 #52

Yes, you should get a hardware wallet. Because I didn't use the hardware wallet, I had to steal 115 eth, so I regret that I bought two hardware wallets.

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March 07, 2018, 02:38:09 AM
 #53

Im looking to hold crypto for the long term... I don't want to touch or spend it.

Should I get a hardware wallet ?

Im looking at the Ledger Nano S, Is it SAFE ? What hardware wallets to you use ? Is it possible Ledger has access to our private keys ?


Well maybe it depends how much the about of your cryptocurriencies that you should use hardware wllet
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March 07, 2018, 02:38:59 AM
 #54

Bitcoin is not only a currency but also an investment vehicle for everyone. Even though there are a lot of users refuse to send money to banks and send them to their wallet. So it's a really sensitive part of all of their asset information. Anything, use a hardware wallet if you can. It is being considered as the best security and safety to date.
You can refer to its great features:
https://hackernoon.com/what-is-a-bitcoin-hardware-wallet-and-why-you-must-use-it-3fceeae2b21
The best hardware wallets are rated:
https://www.lamesheep.com/best-hardware-wallets
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March 07, 2018, 03:24:04 AM
 #55

If you are storing a large amount of funds, you can't go wrong with a hardware wallet, especially the Ledger. Hardware wallets are more secure because they are built around the same technology that you find in chip and PIN payment cards or SIM cards which raise the level of security of your private keys.

Hope this helps  Smiley
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March 07, 2018, 03:34:30 AM
 #56

My friend who taught me about crypto said, that if you have above 10K asset value, it's important to store your crypto assets on hardware wallet.
You can but directly that wallet on their official store. Avoid purchasing that wallet outside the official store.

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March 07, 2018, 08:56:45 AM
 #57

I've been using the hardware wallet for two years now. It is very safe and really helps in the work. In Tresor's hardware wallet, the password manager function is built-in. This is very convenient.
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March 07, 2018, 09:01:17 AM
 #58

The answer is simple: any amount of BTC that would hurt you a good amount financially, if you were to lose it, should be stored in a hardware wallet, or cold storage or paper wallet. You can check online for customer reviews, although I have found the Trezor and Ledger Nano S to be really satisfactory, but as I don't have a hardware wallet yet, as I don't own much significant amount of BTC, I cannot vouch myself, but I can say from the thousands of reviews that they are pretty secure.
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March 07, 2018, 09:02:44 AM
 #59

both Ledger and Trezor are good for storing Bitcoins Smiley
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March 07, 2018, 09:26:18 AM
 #60

Im looking at the Ledger Nano S, Is it SAFE ?

Honestly, the quality of production is very mediocre. By default, the device already has Ethereum and Bitcoin wallets. The device is not self-contained, for each new currency you need to install the application on it. Ethereum wallet started easily, everything works, made a test translation from Ethereum Wallet, coins were displayed for about 10 minutes. But I could not launch Bitcoin wallet for the sake of which, in principle, I ordered the device. I often have to restart the device, fix various problems. It works badly, with interruptions, it isn`t safe enough. I would not recommend such a wallet.
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