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Author Topic: HARDWARE WALLET - ITS YOUR MONEY PLEASE SECURE  (Read 672 times)
Crypto_Happy_Sad (OP)
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December 08, 2017, 07:14:01 PM
 #1

Guys,after going through the pain of loosing my BTCs HAckers I keep learning more and more about the Cryptoworld.Watever amount of Cryptocurrenices you have secure them in your HArdware Wallets,its your money guys keep them safe,let them not drain out for these lazy hackers !

Invest safe and stay safe !
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December 08, 2017, 07:22:02 PM
 #2

There is no doubt that hardware wallets are safest but it might be hard to obtain or need some time to get it at your doorsteps in some countries. The one from even a remote part of the country can securely store their bitcoin in paper wallet printed from offline printer + computer (computer with no other programs than inbuilt browser and bitaddress.org github file).

I am using this method to store my bitcoins safely till now.
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December 08, 2017, 07:24:12 PM
 #3

There is no doubt that hardware wallets are safest but it might be hard to obtain or need some time to get it at your doorsteps in some countries. The one from even a remote part of the country can securely store their bitcoin in paper wallet printed from offline printer + computer (computer with no other programs than inbuilt browser and bitaddress.org github file).

I am using this method and store my bitcoins safely till now.

Thats a good info too Mobnepal.Thankyou ! After having a tough time for me to come out of the pain of loosing my BTCs I decided atleast to do this charity of educating newbies to keep their Currencies safe.
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December 09, 2017, 12:43:22 AM
 #4

I still think hardware wallet is a must as a crypto user, but as explained by user above it is quite hard to get in my country, no one is selling it yet. The only way to get it is to import it from overseas.

For now my portfolio isnt that much because I am pretty new in crypto, so it might not be that urgent to get one. But as time goes and so does my portfolio it might be a must to have one.

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December 10, 2017, 03:34:10 AM
 #5

I still think hardware wallet is a must as a crypto user, but as explained by user above it is quite hard to get in my country, no one is selling it yet. The only way to get it is to import it from overseas.

For now my portfolio isnt that much because I am pretty new in crypto, so it might not be that urgent to get one. But as time goes and so does my portfolio it might be a must to have one.

Absolutely mate.Its your money and better to keep it safe,lot of greed around !
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December 10, 2017, 03:38:08 AM
 #6

Of course hardware wallet is the best wallet to keep cryptocurrency. But there are a lot of people still don't wanna use it cause the price of hardware wallet like trezor or ledger nano s is not cheap and it's not available in their country as well. Beside, sometime they feel it's really difficult to use hardware wallet that why they only use online wallet or offline wallet with 2fa only and they think it's safe enough for their cryptocurrency Smiley

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December 10, 2017, 03:45:38 AM
 #7

Of course hardware wallet is the best wallet to keep cryptocurrency. But there are a lot of people still don't wanna use it cause the price of hardware wallet like trezor or ledger nano s is not cheap and it's not available in their country as well. Beside, sometime they feel it's really difficult to use hardware wallet that why they only use online wallet or offline wallet with 2fa only and they think it's safe enough for their cryptocurrency Smiley
Yeah, though they say that using hardware wallet is safe, you will still need to buy it cause its not for free, so it means you will still need to spend money to buy these wallets. You know people nowadays, in order to save money, they will still choose those free wallets that to used these secured but not for free wallets.

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December 10, 2017, 03:59:16 AM
 #8

Yeah, though they say that using hardware wallet is safe, you will still need to buy it cause its not for free, so it means you will still need to spend money to buy these wallets. You know people nowadays, in order to save money, they will still choose those free wallets that to used these secured but not for free wallets.
While that is true it is required to buy a hardware wallet if you are holding quite a lot of money. I think it is wise to buy a hardware wallet if you want your coins to be secure. The second best wallet to secure your wallet will be a paper wallet. The people who can't afford to buy a hardware wallet can go for paper wallets but be sure to keep the private keys at a safe place. The alternative to hardware wallet is that you save the paper wallet into Pendrives and keep it offline all the time. This will act as a hardware wallet. Consider it as hardware wallet for the ones who can't afford to buy the real ones  Tongue

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December 10, 2017, 04:47:40 AM
 #9

I can feel the pain, and it is very annoying if we get hackers, to be more secure if we want to invest in the long term we better use paper wallets to keep our bitcoin security.
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December 10, 2017, 04:52:27 AM
 #10

Yes hardware wallets are the best for long time savings. Do not save your coins in exchange sites for a longer period.

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Crypto_Happy_Sad (OP)
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December 10, 2017, 07:40:13 PM
 #11

Thankyou all for those Generous advices,lesson learnt and exploring more on the Technology ,One mistake done no more repetetion !
lighpulsar07
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December 10, 2017, 08:43:28 PM
 #12

Indeed hardware wallets is a must for a cryptousers especially for those who holds large amounts of bitcoins because nowadays i see some users who posted this forum they said they've been hacked and huge amount of bitcoins although some small time cryptousers don't afford it and don't want to buy so, they have some countermeasures to prevent them from hacking for example they are using desktop wallets (bitcoin core) or mobile wallets (like mycelium and coinomi) instead of exchanges like coinbase that requires you sign in with your email so, if you've been hacked lately i hope you learned your lesson.
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December 10, 2017, 08:55:00 PM
 #13

Guys,after going through the pain of loosing my BTCs HAckers I keep learning more and more about the Cryptoworld.Watever amount of Cryptocurrenices you have secure them in your HArdware Wallets,its your money guys keep them safe,let them not drain out for these lazy hackers !

Invest safe and stay safe !

With proper use of the internet online wallet is okay, just don't trust other sites that has a questionable domain and you can secure your coins. Anyways I agree with you being the hardware wallet the safest way to secure coins but as you can see not just anyone can have that, and other thing is that online wallets has now lots of features that hardware wallet can't have (e.g Withdrawing or Converting bitcoin to country's currency) therefore hardware wallet might be the best for security but it doesn't mean it is the wisest choice for wallets.



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Crypto_Happy_Sad (OP)
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December 11, 2017, 01:04:30 PM
 #14

Indeed hardware wallets is a must for a cryptousers especially for those who holds large amounts of bitcoins because nowadays i see some users who posted this forum they said they've been hacked and huge amount of bitcoins although some small time cryptousers don't afford it and don't want to buy so, they have some countermeasures to prevent them from hacking for example they are using desktop wallets (bitcoin core) or mobile wallets (like mycelium and coinomi) instead of exchanges like coinbase that requires you sign in with your email so, if you've been hacked lately i hope you learned your lesson.

Yes I was and it was an expensive lesson  Sad

Doesnt matter for anyone though but this hack made me emotional and sleep dprived Sad
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December 11, 2017, 01:22:22 PM
 #15

Hadware wallets cost a fortune and it is hard to obtain a good and legitimate one.

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December 11, 2017, 01:29:55 PM
 #16

I think today even if you are the owner 0.5 Bitcoin is worth thinking about buying a hardware wallet. Exchange and cloud wallets are a direct way to loss of funds.

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December 11, 2017, 02:39:13 PM
 #17

Thankyou all for those Generous advices,lesson learnt and exploring more on the Technology ,One mistake done no more repetetion !
Your welcome, feel free to ask question but remmember that, just put your topic at the right section of the forum. If you are not satisfied with our answer you can still search through Google to gain more knowledge. Just explore the world of crypto.

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December 11, 2017, 02:45:27 PM
 #18

You are right. Buy a hardware walket at less than $100 and give us a peace of mind is very worth the price. There is no need to worry about leaking private key when we accidentally go to phishing website.
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December 11, 2017, 02:59:02 PM
 #19

You don't need a hardware wallet for maximum security.  99% of people getting ripped off are keeping all their BTC on a web wallet or in an online trading account.

Following these rules will eliminate most Bitcoin rip-offs:
  • Stop using web wallets
  • Don't keep all your BTC in your trading account (if you trade)
  • Store your Bitcoin using a method where you have possession of your private keys.  You can use the bitcoin-core client if you're willing to download 150GB of data.  Or you can use one of the thin clients.  Electrum is a good example:  Make a new wallet with a deterministic seed phrase, print it and keep it somewhere safe.  If your computer is stolen or destroyed you can regenerate the wallet from the passphrase.
  • Stop using Windows.  The Windows world is full of viruses and trojans that can steal your wallet.
  • Use a Linux computer with whole-drive LUKS encryption for Bitcoin.
  • Practice good internet hygiene.  Don't download porn or torrents on the same computer as your Bitcoin.  Keep your Bitcoin on  a separate computer.  Bitcoin is money and it's serious business.
  • If you're a profitable trader move your profits from the trading site to your secure wallet.  Don't keep all your eggs in 1 basket.

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December 11, 2017, 03:02:42 PM
 #20

Are there any Hardware wallets supporting Multicoins, or are they just for BTC and ETH?
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