Hardware Wallet

[JustusJones86]

Hey Community,
what do you think about hardware wallets? Do you use one? And how much currency do you store on it?

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[steadyrice]

Hardware wallets are a must have, especially if you have a lot of money in crypto. Think of it this way: Pretty much every single wallet has an app and you can carry it around with you on your phone. If you had a million dollars, would you go about your day with all that money on you? Or would you store it somewhere safe, like in a safe in your home? I think this analogy explains the need to own hardware wallets pretty well.

[Pan Troglodytes]

The more founds you have the more sense it makes to buy a hardware wallet. Its price is fixed (regardless of how much coins you store in it) and it really makes sense to spend some euro for the increased protection to safeguard your founds.

It is straightforward to use, very secure, can be restored even if lost or stolen, and it has nice user interface (actually both Trezor and Ledger do). Also, it can be paired with some third party wallets (like Electrum or MyEtherWallet) providing increased security for those wallets too.

Due to my knwoledge, a Trezor or Ledger bought from a legitimate source (NOT eBay) has never been compromised.

So I can really see no reason NOT to buy it and a lot of reasons to buy it.

Just please note, that you must secure your 24-word backup and NEVER disclose it to anybody.

[HabBear]

Hey Community,
what do you think about hardware wallets?

I think very highly of them, I wouldn't use the blockchain without one!

Trezor and Ledger (the two best known hardware wallets) handle slightly different sets of coins, but both are very valuable tools. Trezor has a great blog tha helps explain their product as well, I'm not as familiar with the support tools for Ledger.

Do you use one?

Yes.

And how much currency do you store on it?

A high percentage of my total holdings, but asking anyone "how much" is a dangerous question. It's like asking someone what their salary is, how much money they have saved, how much debt they have, etc. You're asking a very personal question to strangers, don't expect a response.

[matt_dev_]

Buy Ledger from official store it's good solution to store your coins.

[jsmithuk]

Remember these guys?

Case Is An Insanely Secure Hardware Bitcoin Wallet
https://techcrunch.com/2015/05/04/case-is-an-insanely-secure-hardware-bitcoin-wallet/

[bitart]

Hardware wallets are a must have, especially if you have a lot of money in crypto. Think of it this way: Pretty much every single wallet has an app and you can carry it around with you on your phone. If you had a million dollars, would you go about your day with all that money on you? Or would you store it somewhere safe, like in a safe in your home? I think this analogy explains the need to own hardware wallets pretty well.

You should keep your coins secure, hardware wallets are the best for this purpose, if you want to use the coins as well. You should keep the hardware wallet in the safe unless you really want to spend some coins, because to check you balance, there's no need to have the hardware wallet at your fingertips. You can check your balance wiht your address on a blockchain explorer, you only need the hardware wallet if you want to spend or e.g. if you want to sign a message.
The best thing is that when you use a hardware wallet, you don't need to expose your private keys, because the hardware wallets does everything inside, and it only send signed transaction or signed message out, which doesn't cointain private key at all.
The only, the most important thing is the seed (the 24 words, generated at the first start of the hardware wallet), this is the key of the backups, so keep it in a secure place, more secure than the hardware wallet itself. As long as you (and only you) have that seed, you and your coins are safe.

[Pan Troglodytes]

Remember these guys?

Case Is An Insanely Secure Hardware Bitcoin Wallet
https://techcrunch.com/2015/05/04/case-is-an-insanely-secure-hardware-bitcoin-wallet/

Nope, but it is from 2015 (I think quite close to when I first heard of Trezor) and there are not around anymore. And Trezor is quite fine. So you got me interested, I admit. Can you please tell us what happened to those guys?

[just a man]

Hey Community,
what do you think about hardware wallets? Do you use one? And how much currency do you store on it?

I don't use a hardware wallet because the hardware wallets could have a virus on it. If they don't have a reputable company then they will probably try to put one on it.

[trumper]

Hardware wallets are no doubt the best way to store coins, other kind of wallets are very vulnerable to new methods that is designed to steal your coins.

[Shamie1002]

https://blockgeeks.com/cryptocurrency-safe/

This link can give you basic knowledge about hardwallets and which are recommended.

In my opinion, it's not about the amount of bitcoins that you will be keeping but it's about how much capital you have invested. If you have put a huge amount of money, then it's enough reason for you to store it in the safest place you can think about.

It's security is much more reliable than any wallets. Just keep your private keys safe too. Don't ever forget or lose it. Or your coins will never be retrieved.

[malikusama]

Hardware wallets are the safest way to keep your bitcoins from attacks because there is always a high risk to keep them online due to hackers, while using online wallets even your one wrong move can led you to a complete loss. BTW I don't hold much bitcoins that's why i am not using it till now.

[Rakabel619]

Hello. I will always have a hardware wallet at my place and clearly I will have enough money in it. about bitcoin, I can say that the stores have not yet evolved enough to accept the bitcoin payment

[uncleduckerr]

They are brilliant, yes I use one at the moment. Not going to divulge how much currency I have on it but I would say if you have more than 1k US dollars it is for sure worth the protection. Similarly I heard online if it is roughly 1 weeks of wages you should protect it too, which ends of roughly at the same conclusion.

[seven2smoke1]

Hey Community,
what do you think about hardware wallets? Do you use one? And how much currency do you store on it?

Honestly, I don't have hardware wallet yet, but I will buy one soon. It's too important to secure your funds in crypto. Usually, people who have a massive amount of bitcoin, store them in a hardware wallet, because it's too risky to store a large amount in an online bitcoin wallet, even if it's secure. I advice anyone to use the hardware wallet to store their bitcoin or maybe other altcoins, It's much safer. Currently, I don't have a lot of bitcoin but I think it's worth to save my few btc on it for now, I don't trust any online bitcoin wallet.

[fattyforhire]

Hey Community,
what do you think about hardware wallets? Do you use one? And how much currency do you store on it?

I use the Trezor wallet and I really like it. So far, it's the safest wallet I know. Even the Ledger have found a vulnerability.

[dasher797]

Hey Community,
what do you think about hardware wallets? Do you use one? And how much currency do you store on it?

Hardware wallet is the safest wallet for cryptocurrency. Since I don't have a lot of bitcoin so I don't have plan to use it for now. May be later. But hardware wallet is not practical to use, I prefer to use online mobile wallet because it is easy to use.

[StokaySatoransky]

You must have a hardware wallet if you have 1 BTC. But if not, I guess you should go to a bitcoin platform, you can access it anytime and anywhere and less hassle to use.

[blozo]

Ledger Nano S is a great way to store your bitcoin. It costs around 80$ but if you have a decent sum invested and you plan to HODL long time is totally worth the price

[Aura]

Hardware wallets are a must have, especially if you have a lot of money in crypto. Think of it this way: Pretty much every single wallet has an app and you can carry it around with you on your phone. If you had a million dollars, would you go about your day with all that money on you? Or would you store it somewhere safe, like in a safe in your home? I think this analogy explains the need to own hardware wallets pretty well.

You should keep your coins secure, hardware wallets are the best for this purpose, if you want to use the coins as well. You should keep the hardware wallet in the safe unless you really want to spend some coins, because to check you balance, there's no need to have the hardware wallet at your fingertips. You can check your balance wiht your address on a blockchain explorer, you only need the hardware wallet if you want to spend or e.g. if you want to sign a message.
The best thing is that when you use a hardware wallet, you don't need to expose your private keys, because the hardware wallets does everything inside, and it only send signed transaction or signed message out, which doesn't cointain private key at all.
The only, the most important thing is the seed (the 24 words, generated at the first start of the hardware wallet), this is the key of the backups, so keep it in a secure place, more secure than the hardware wallet itself. As long as you (and only you) have that seed, you and your coins are safe.

Hardware wallets are not the most secure way to store Bitcoin. I can give you multiple reasons why paper wallets are much better for this purpose. First, hardware wallets are not fully open-source, so you don't know if the code has a backdoor. Second, hardware wallets not being open-source means that you can't build it from source, so you have to trust on the manufacture that the official program is operating on the hardware. Third, they cost a lot of money compared to paper wallets that do the same thing. Lastly, hardware wallets are becoming are target for hackers and no software is really immune.