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Author Topic: What is the best hardware wallet  (Read 186 times)
SangitAlam
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May 14, 2018, 12:32:24 PM
 #1

Hi All
Keeping in mind the growing security issue of safekeeping our cryptos, just wondering which is the best hardware wallet out there? Thanks in advance for expert suggestion / user's experience.
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May 14, 2018, 12:36:32 PM
 #2

Hi All
Keeping in mind the growing security issue of safekeeping our cryptos, just wondering which is the best hardware wallet out there? Thanks in advance for expert suggestion / user's experience.

 I have been asking my friends that question when we are doing a group chat and they told me that they would recommend me these hardware wallets.

1.Ledger Nano S
2. Ledger Blue
3. Trezor

They told me that these hardware wallets are excellent and they are using it for a year now. But among them the most popular among bitcoin holders is Ledger Nano S. I dont know the reason why but it sure is famous.

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May 14, 2018, 12:36:45 PM
 #3

I am currently using Ledger Nano S and I am not having any problem using it and its quite handy. The only problem is that, that time when a 15-year old boy attacked the wallet via backdoor.

Yes, that claimed the Ledger Nano S being hacked. But that attack was on purpose to alert the manufacturers about the flaw. They released an update now and got it fixed.

This is still up to you. But I can still suggest Ledger Nano S. Pros: Cheap, Handy, Cons: Might have errors, but can be fixed.


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May 14, 2018, 12:39:11 PM
 #4

iam also using the Ledger Nano since few months and its a great wallet .... but for my wife i have a paperwallet i think this is a bit more safer than any hardware XD


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May 14, 2018, 12:43:02 PM
 #5

I am currently using Ledger Nano S and I am not having any problem using it and its quite handy. The only problem is that, that time when a 15-year old boy attacked the wallet via backdoor.

Yes, that claimed the Ledger Nano S being hacked. But that attack was on purpose to alert the manufacturers about the flaw. They released an update now and got it fixed.

This is still up to you. But I can still suggest Ledger Nano S. Pros: Cheap, Handy, Cons: Might have errors, but can be fixed.

Yes ledger nano is one of the most safest wallet that I know and my funds are there are nothing any bad happens, in other words I didn't have any problems with it. Trezor is also good to use.

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May 14, 2018, 12:50:40 PM
 #6

Hi All
Keeping in mind the growing security issue of safekeeping our cryptos, just wondering which is the best hardware wallet out there? Thanks in advance for expert suggestion / user's experience.
Ledger is one of the safest wallet.The hardware wallet keeps your cryptocurrencies secure even if you inadvertently use it with with a computer compromised by hackers, malware, or viruses. A Ledger Nano S is a great balance of usability with safety and security.
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May 14, 2018, 01:03:25 PM
 #7

I use ledger nano as well. Easy to set up and cheaper than other hardware wallets.
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May 14, 2018, 01:14:21 PM
 #8

There is no the 'best' hardware wallet.

The most commonly used hardware wallets are from ledger (https://www.ledgerwallet.com/) and trezor (https://trezor.io/).
They are pretty much equally secure.

There are still differences between both wallets.
Trezor's model is a small mini computer. Ledgers nano s on the other hand is architectured 'around secure elements'.

The nano s does support more altcoins than trezor (and also seems to be adding new coins more frequently than trezor).

Ledger Nano S: https://www.ledgerwallet.com/products/ledger-nano-s
Trezor ONE/T: https://shop.trezor.io/

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May 14, 2018, 01:15:53 PM
 #9

Ledger Nano S supports much more crytpocurrencies than the competitors (Trezor). They recently support even Bitcoin Private (Feb'18 fork). The other one is Trezor, which is very recognizable and secure too. Supports less cryptocurrencies. All the other ones are smallish brands.

Ledger cons: Ledger Nano S supports some other derivation path than other HW for Ethereum for some reasons.

Whatever you buy, buy it from original vendor to avoid scam.

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May 14, 2018, 01:23:31 PM
 #10

Keeping in mind the growing security issue of safekeeping our cryptos, just wondering which is the best hardware wallet out there?

Just make sure you understand that hardware wallets are also not the very best protection you can have.
* air-gaped offline device for signing transactions is much better security
* it has happened that hardware wallets had security flaws and needed to get updated
* if you don't pay attention to security you may lose your funds even before they reach your hardware wallet

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May 14, 2018, 01:24:34 PM
 #11

Trezor and ledger and the big two after that I would go keepkey, the only issue with Keepkey is it doesn't update very often on firmware.














 

 

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May 14, 2018, 01:45:42 PM
 #12

Hi All
Keeping in mind the growing security issue of safekeeping our cryptos, just wondering which is the best hardware wallet out there? Thanks in advance for expert suggestion / user's experience.
I suggest ledger Nano s and trezor is the best safest security hardware wallet  proven and tested.and also wide support of altcoin .
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May 14, 2018, 02:13:45 PM
 #13

Hi All
Keeping in mind the growing security issue of safekeeping our cryptos, just wondering which is the best hardware wallet out there? Thanks in advance for expert suggestion / user's experience.

I think all of the hardware wallets could make our cryptocurrency safe, but if you wanted a hardware wallet which supports the coins that you have, then I would suggest buying Ledger hardware wallet, mostly it supports ERC20 tokens, but if you are only going to store bitcoin, then I would suggest buying Trezor hardware wallet. Hardware wallets purpose is to secure your coins even in offline.


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May 14, 2018, 02:22:39 PM
 #14

Hi All
Keeping in mind the growing security issue of safekeeping our cryptos, just wondering which is the best hardware wallet out there? Thanks in advance for expert suggestion / user's experience.
Yep safey first,because i have lost lots of coin from my mew.Now i am using Trezor and not found any problem so far.i believe it will keep all of my currency safe online or offline.
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May 14, 2018, 02:23:40 PM
 #15

Hi All
Keeping in mind the growing security issue of safekeeping our cryptos, just wondering which is the best hardware wallet out there? Thanks in advance for expert suggestion / user's experience.

Hi there SangitAlam! There are so many hardware wallet out there. The only problem that will affect your choices is the price. I have lucky to have tried Trezor and Ledger Nano. Trezor boast that their product is the most secure cryptocurrency wallet which I found true because of a password plus a two factor authentication. However, for some this could be a additional hazel. What I just dont like about it is its design and a bit costly. Unlike Ledger nano which is a bit more simple and in a much lower cost. What ever you choose among those two, both drawback of them is when you lost it.
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May 14, 2018, 02:26:19 PM
 #16

If you are looking for a single recommendation as the best hardware wallet, then you should look no further than Ledger Nano S. Ledger is the most universal cryptocurrency  hardware wallet because it support the most coins. So if you need to store a lot of coins, the Ledger Nano S is a good choice.
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May 14, 2018, 02:36:38 PM
 #17

Hi All
Keeping in mind the growing security issue of safekeeping our cryptos, just wondering which is the best hardware wallet out there? Thanks in advance for expert suggestion / user's experience.

There are many hardware wallets used by the traders and if you are interested in using hardware wallet for bitcoin alone then you can go for Trezor wallet which is considered to be the best hardware wallet for storing bitcoin. And for storing other crypto coins like Dogecoin, Neocoin, Bcash, Ethereum, Ethereum Classic, Bitcoin Gold like this Ledger Nano S support almost 23 crypto coins. I personally use both Trezor and ledger Nano S and till now there are no complaints from my side.

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May 14, 2018, 03:51:53 PM
 #18

Ledger Nano S supports much more crytpocurrencies than the competitors (Trezor). They recently support even Bitcoin Private (Feb'18 fork). The other one is Trezor, which is very recognizable and secure too. Supports less cryptocurrencies. All the other ones are smallish brands.

Ledger cons: Ledger Nano S supports some other derivation path than other HW for Ethereum for some reasons.

Whatever you buy, buy it from original vendor to avoid scam.

I am currently inclined to buy a trezzor wallet, and currently outsourcing from our local supplier. I like to buy from an authorized supplier but it seems it is hard to find and I am worried with some reports about buying from not known supplier as hardware wallet might be compromised. For me, trezzor convinced as a preferred wallet, but I am willing to try ledger variants too in the future.




















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May 14, 2018, 07:46:15 PM
 #19

The best cryptocurrency hardware - Caring for and keeping the ledger is a cryptocurrency hardware wallet that all your existing wallets are divided into three large groups of online software client wallets and hardware wallets.
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May 14, 2018, 08:13:36 PM
 #20

ledger nano is the best according to me but if you have to keep the btc for a long time without moving even a paper wallet is fine...
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