Offline wallet

[brawdias]

Using a offline wallet is equally safe as using a hardware wallet ?

[TryNinja]

Both have pros and cons. I would say that an offline wallet could be safer than a hardware wallet if done right.

Some reasons on why I prefer an offline wallet:
1. It's cheaper;
2. I don't have to trust the wallet manufacturer;
3. I have full access over my private-keys.

On the other side, hardware wallets are way more convenient and user-friendly.

[pooya87]

3. I have full access over my private-keys.

as far as i know you still have full access to your private keys even when using a hardware wallet. they also have seed phrases which follow the BIPs for hierarchical deterministic wallets so you can use a tool like iancoleman.github.io/bip39/ to generate all your keys even if the wallet itself doesn't give it to you directly.

[DOLONCHAPA]

Both have pros and cons. I would say that an offline wallet could be safer than a hardware wallet if done right.

Some reasons on why I prefer an offline wallet:
1. It's cheaper;
2. I don't have to trust the wallet manufacturer;
3. I have full access over my private-keys.

On the other side, hardware wallets are way more convenient and user-friendly.

TryNinja you are right, the offline wallet is not safe  for every user,  first reason private-keys is not safe & she cannot use instant future/transaction  so I think the best wallet online wallet.

Using a offline wallet is equally safe as using a hardware wallet ?

brawdias please see details Using a offline wallet for Visit go to link
https://myetherwallet.github.io/knowledge-base/offline/ethereum-cold-storage-with-myetherwallet.html

Security warning
When you deposit money at a bank, you let them worry about security. Bitcoins, however, are stored on your computer and that means you are fully responsible for securing them.

Unfortunately, most people are not security experts, which means it's very hard for them to fully understand the risks. They usually don't. This increases the risk of making a fatal mistake that will result in Bitcoin theft.

For example, paper wallets are typically generated by potentially compromised PCs connected to the Internet, then printed for offline storage. This is not enough as malware running on the computer may steal your private keys and then later steal any Bitcoin you send to that address. Many Internet connected printers also save printed documents to memory.

https://en.bitcoin.it/wiki/How_to_set_up_a_secure_offline_savings_wallet

Edit: I am not offline wallet user, I do not try this.

[mk4]

Both have pros and cons. I would say that an offline wallet could be safer than a hardware wallet if done right.

*snip*

TryNinja you are right, the offline wallet is not safe  for every user,  first reason private-keys is not safe & she cannot use instant future/transaction  so I think the best wallet online wallet.

Though online wallets are significantly easier to use, they're definitely not better due to security reasons. Never store huge amounts on online wallets. If you don't know how to create an offline wallet in a correct manner, just purchase a hardware wallet as it's more noob-friendly.

[cryptosec.info]

Offline wallets like paper wallets are a bit safer and significantly cheaper compared to hardware wallet if you know how to make them in the correct, secure way. It's just that creating a paper wallet isn't just as simple as using the website and print out the private keys; as there are a lot of ways that hackers can get a grab on to your keys that way.

[DOLONCHAPA]

Both have pros and cons. I would say that an offline wallet could be safer than a hardware wallet if done right.

*snip*

TryNinja you are right, the offline wallet is not safe  for every user,  first reason private-keys is not safe & she cannot use instant future/transaction  so I think the best wallet online wallet.

Though online wallets are significantly easier to use, they're definitely not better due to security reasons. Never store huge amounts on online wallets. If you don't know how to create an offline wallet in a correct manner, just purchase a hardware wallet as it's more noob-friendly.

mjglqw I just wanted to say that not everyone will be able to do it, and those who can not do it, they can lose their currency in new condition

Security warning
Unfortunately, most people are not security experts, which means it's very hard for them to fully understand the risks. They usually don't. This increases the risk of making a fatal mistake that will result in Bitcoin theft.

[mk4]

Both have pros and cons. I would say that an offline wallet could be safer than a hardware wallet if done right.

*snip*

TryNinja you are right, the offline wallet is not safe  for every user,  first reason private-keys is not safe & she cannot use instant future/transaction  so I think the best wallet online wallet.

Though online wallets are significantly easier to use, they're definitely not better due to security reasons. Never store huge amounts on online wallets. If you don't know how to create an offline wallet in a correct manner, just purchase a hardware wallet as it's more noob-friendly.

mjglqw I just wanted to say that not everyone will be able to do it, and those who can not do it, they can lose their currency in new condition

Hence I suggested using hardware wallets like a Trezor or Ledger Nano S instead, as it's far easier to use securely; as you pretty much just need to write the mnemonic phrases on pieces of paper and keep them off anything digital. I'm pretty sure anyone knows how to write 24 words on pieces of paper.

[jseverson]

In theory, either should be just as secure as the other as both are designed to never expose your private keys online.

Things get a little more complicated in practice. Just as other users have said, it's far too easy to mess up the creation of an offline wallet if you're not tech-savvy or careful enough. On the other side of the fence, if you go for a hardware wallet, you're essentially trusting a third party to create a secure product for you; the same isn't true for offline wallets because you can go for open source projects you can personally verify every step of the way. Another factor you would have to consider is that hardware wallets are a target for malicious entities because they basically announce that they're keeping a significant amount of money.

I'd personally say air-gapped wallets set up correctly are safer than hardware wallets, but I don't think any person has lost any coins over either so far, so you should be safe no matter which way you go.

[Coinster]

I'd personally say air-gapped wallets set up correctly are safer than hardware wallets,

I agree with this, with the caveat being a person must know what they're doing.

but I don't think any person has lost any coins over either so far, so you should be safe no matter which way you go.

Actually, here is a story of a guy who lost $30K using a Trezor because he forgot his PIN. The story has a happy ending as a hack was able to bypass that lock, but he could have definitely lost it.

https://www.wired.com/story/i-forgot-my-pin-an-epic-tale-of-losing-dollar30000-in-bitcoin/

[Dudeperfect]

Yes! Because hardware wallet is the offline wallet too. If you have not connected your hardware wallet to PC or mobile or any other device having internet connectivity then your wallet is offline at that moment, that means no one can transact with the funds from that wallet. However, if someone is stealing your seed key then he can import that wallet to another hardware wallet or PC without touching your hardware wallet so the seed is also equally important.

[MintDiceSupport]

Well, hardware wallets are safer because although with an online wallet, you'll be able to access your crypto wallet from any computing device (which makes this wallet super convenient) your private keys are stored online and controlled by a third party, making them at more risk of hacking and online theft.