HARDWARE WALLET - ITS YOUR MONEY PLEASE SECURE

[Pantoflascrypt017]

I read somehwere that ledger nano only lets you have 4 different coins in there at one time, surely that is not true?

[DeepBoost]

Sure, bro. I never hold anything at online wallets for a long run. I want to say more I will never be able to relax and sleep if I keep significant amount of currency by unsafe way, I trust noone and take responsibility by myself. I only use cold storage.

[VitKoyn]

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 !

Well yes hardware wallets are one of the safest place to store your Bitcoins, but not all people needs to use this such as small holders for them to secure their Bitcoins, and you also have to use other kinds of wallet for you to be able to spend your Bitcoins. The misconduct of other people is making those exchanges and online wallets to store their coins, that's not the right thing to do and people should avoid doing that as we don't have the full control of our money in there, and also those exchanges and online wallets are the most prone from hacking. And lastly to avoid being hacked stop clicking links that are provided by random people on the internet because there's definitely one phishing site out there and never connect your device to any public wifis.

[bit-freedom]

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 !

Thanks for the reminder. I agree that hardware wallet is really handy and able to secure our coins.

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

Checkout Ledger and Trezor, both support multi coins.

I read somehwere that ledger nano only lets you have 4 different coins in there at one time, surely that is not true?

No, it support much more than that. ETH, Ripple, LTC and more, you can use Ledger with MEW for ERC20 tokens. Check out the website for the full list.

[bob123]

I read somehwere that ledger nano only lets you have 4 different coins in there at one time, surely that is not true?

The ledger nano s lets you store up to 24 currencies at the moment. You can find out which those are here:
https://ledger.zendesk.com/hc/en-us/articles/115005304449-Which-altcoins-and-tokens-are-supported-by-the-Ledger-products-
While it is true that there can only be up to 4 apps installed on it at the same time, you can just deinstall an app and install another one within 20-30 seconds.
The coins on the nano s stay safe during the whole process. They are all derivated from the seed. There is just not enough memory on the device to have more than 4 apps stored.

[JohnHero]

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 !

How did you manage to lose your Bitcoin to hackers? Persoanlly I think that as long as you stay away from suspicious websites and you don't download any malware you should be 99% safe.

[Fileiro]

Your cell phone with  good antivirus software installed and a wallet app is safer than online storage:

https://youtu.be/vt-zXEsJ61U

[ActiveMars]

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 !

You should give some recommendations about Hardware wallet or source where users can read about it. As I know, hardware wallet is good enough only if you follow the safety recommendations, like: copy your seed file or password, save seed file on non-internet connected storage drive and other...

Am I wrong?

[hndrk10]

I personally never used Hardware wallet. I just try to say away from suspicious websites and I don't download weird/virused software. It's that simple.

[Crypto_Happy_Sad]

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.

Absolutely and thankyou for the detailed info,you guys are really awesome to take time and share the knowledge.RESPECT !

[MJG24]

Hardware wallets are really something that you should have because it keeps your money to be secured. Remember: that is your hard-earned money we are talking about.

[merlyn22]

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 !

sorry to hear that  iam also victims of hacker last year and its lesson learn....hardware wallet is the best wallet to keep crypto currency but  you will still need to buy it not all people want to buy this wallet because its not for free. price of hardware wallet like trezor or ledger nano s is so expensive.... but in order to protect our money we need to buy....

[geopolisch]

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 !

No doubt holding a bitcoin now a days is considering a fix asset to any person. And a big problem is that now a days some hackers easily hack online money so that thing will demotivate people to go towards digital currency. But through using hard ware wallet you can easily safe your money from the hand of hackers. And sleep well because you know that your money or investment are known in a safe hands. And no one can steal it easily

[markleal]

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 !

Hi there Crypto_Happy_Sad! Thank you for your advise, I hope you sate the website of wallet that been hacked and wipe out your bitcoins to give warn to the members of this forum. Anyway, what have been happed is a really bad thing, I have read reports that a man who lose a huge amount of bitcoin visit the  Aokigahara forest. It is good thing to have a hardware wallet but most of the time I re invest my bitcoins to make it snowball. I think I will try those wallet, I just hope that I don’t lose that USB thing

[Crypto_Happy_Sad]

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 !

Hi there Crypto_Happy_Sad! Thank you for your advise, I hope you sate the website of wallet that been hacked and wipe out your bitcoins to give warn to the members of this forum. Anyway, what have been happed is a really bad thing, I have read reports that a man who lose a huge amount of bitcoin visit the  Aokigahara forest. It is good thing to have a hardware wallet but most of the time I re invest my bitcoins to make it snowball. I think I will try those wallet, I just hope that I don’t lose that USB thing

My pleasure and stay safe !!

[1NV3ST0NM3]

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 !

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.

I agree with you these are the most important things one should take care of while holding BTC. The biggest problems what I find the newbies is that they put all their eggs in one single basket which makes all their eggs prone to anger if the basket breaks. Instead create multiple private keys and store your btc in different wallets. Keep nothing more than 0.2-0.5 BTC in one wallet even that is quite a lot for some people. Understand that BTC cannot really provide anonymity to your funds anyone can trace money in your account just through your addy. split up your holdings.

[boutlinux]

Hardware wallets are considered as the safest type of wallet, and rest assured that it will definitely get everyone's bitcoin secured all the time.

[KwizatzHaderach]

Securing your assets is the first thing.

Just bought a hardware wallet - ledger nano s - how do I know if my ledger has not been tampered with?

[Ewox]

I agree, because of bitcoins popularity I'm sure it has drawn more attention to these hackers that are just waiting for the fish to take their bait. And it would be wise to secure bitcoin and other altcoins that we are holding to a more secure and safe wallet such as these hardware wallets et al Trezor or Ledger Nano.

[jlanzago]

Hardware wallets are the most secure ones, and worth the money if you are serious about Bitcoin and crypto in general. However, I have seen a lot of people losing their access to their crypto because they forget their pin and/or they did not backup their 12 word recovery phase. This is VERY important and you should keep that safe, and offline.