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Author Topic: Hardware wallet vs Software wallet  (Read 1784 times)
Mary Ofosuhene (OP)
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June 08, 2018, 12:20:13 AM
 #1

Surfing on the bitcointalk forum, I sometimes see some threads discussing about hacking of wallets and the discussion is geared towards the best wallets to secure individuals from hackers. Hardware wallets are normally mentioned. I decided to find out about hardware wallets and my searches made me know that, wallets which are normally hacked are of software base. I found out that some viruses which attack computers are able to steal private keys from the software wallets that we normally use. The issue of virus attacking a computer makes the use of hardware wallet very advantageous over software wallet since the hardware wallet are immune against viruses, hence viruses cannot steal from such wallets. My question is what are some of the hardware wallets and how can one get a hardware wallet?
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June 08, 2018, 12:54:59 AM
 #2

Surfing on the bitcointalk forum, I sometimes see some threads discussing about hacking of wallets and the discussion is geared towards the best wallets to secure individuals from hackers. Hardware wallets are normally mentioned. I decided to find out about hardware wallets and my searches made me know that, wallets which are normally hacked are of software base. I found out that some viruses which attack computers are able to steal private keys from the software wallets that we normally use. The issue of virus attacking a computer makes the use of hardware wallet very advantageous over software wallet since the hardware wallet are immune against viruses, hence viruses cannot steal from such wallets. My question is what are some of the hardware wallets and how can one get a hardware wallet?
I just a little bit understand about your question.
There are some hardware wallet
1 Trezor
2 Nano ledger
3 Created your own hardware wallet through used USB (someone has posted how to do this)

If you are interesting to get hardware wallet and you can try to go to
1 https://trezor.io/ (if you are interested to buy trezor) it has a better security compared with nano
2 https://www.ledgerwallet.com/ (If you are interested to buy nano) it was focusing to support various coins.


Honestly, i'm trezor user and i never have any problem with it. But in my experience use software wallet is safe too as long as you can keep your desktop clean from the malware anytime.

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sotoshihero
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June 08, 2018, 12:58:15 AM
 #3

Well it depends on your needs and purpose. For me I  would prefer to use hardware wallet for long term hold of coins  where you can kept for long period of time or sometimes open it. But for daily transactions I prefer online wallet say for example for  trading. I let it stay on  exchanges, a substantial amount for easy trading and transfer of funds to other web wallet.
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June 10, 2018, 07:56:36 AM
 #4

There are both advantage and disadvantage for bith hardware and software wallet. But which one will you prefer will depend on you as if you want to hold it for a long time than hardware wallet is better Abd if you want to transact daily than online wallet is better option. So choice is yours.
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June 10, 2018, 08:02:30 AM
 #5

If you're talking about holding coin. then I'd prefer the hardware wallet like most of the members preferred.. but if you wanna hold more time then you can also use paoer wallet. as you know you can't hack paper 😜.. but for daily use i mean trading. you can use online wallets for daily transection. they are time efficient and easy to use in any place.
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June 12, 2018, 05:11:00 AM
 #6

I think hardware wallet is safe for all investors. Peoples are using these wallets and not complain against hardware wallet. Trezor is the best hardware wallet. But it’s also true no wallet is not 100%secure.
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June 13, 2018, 07:14:17 PM
 #7

Which wallet you will use that totally depends on needs and purpose. But if you use hardware wallet that will be better for you if you are going to hold it for long term. But if you are going to hold for short term then you can use software wallet.
Perka
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June 13, 2018, 07:41:22 PM
 #8

I think that these wallets should not be compared and just use one and the other.So it is not worth it polagatsya on that one thing and it is better to protect yourself so that the allocation of finances in a few places!
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June 13, 2018, 09:50:24 PM
 #9

Surfing on the bitcointalk forum, I sometimes see some threads discussing about hacking of wallets and the discussion is geared towards the best wallets to secure individuals from hackers. Hardware wallets are normally mentioned. I decided to find out about hardware wallets and my searches made me know that, wallets which are normally hacked are of software base. I found out that some viruses which attack computers are able to steal private keys from the software wallets that we normally use. The issue of virus attacking a computer makes the use of hardware wallet very advantageous over software wallet since the hardware wallet are immune against viruses, hence viruses cannot steal from such wallets. My question is what are some of the hardware wallets and how can one get a hardware wallet?
Hackers are now very smart and can break any purse, even hardware, but it's very difficult to do. Hardware wallets now really have the highest level of baskeyki and I've heard a lot of good reviews about Nano ledger

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June 13, 2018, 09:55:11 PM
 #10

Ledger Nano, Trezor are well known best hardware wallet. Also, you can create your own hardware using a USB drive. Using trezor is a little messy while Ledger Nano is a totally user-friendly wallet. In addition, Ledger Nano supports various coins. Here is a link for Ledger.
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June 13, 2018, 10:04:35 PM
 #11

Software wallets have enough protection but still it's hackable.and you can see this type of news often .So people use hardware wallet tensor and ledger nano a is best in my opinion .But I don't use any cause the price of hardware wallet is very high if you don't have enough portfolio to protect then it's hard to buy one.Still I'd you have one you are risk free.

Tankdestroyer
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June 13, 2018, 10:06:39 PM
 #12

I decided to find out about hardware wallets and my searches made me know that, wallets which are normally hacked are of software base.
Those software based wallets that got hacked most of the time is compromised because of it's users itself and IMO software wallets can be as secure as a hardware wallet if you have taken enough actions to secure your wallet. Better yet, try storing your coins in a paper wallet. IMO it is almost as secure as a hardware wallet for long term hold, it is also cheaper.
deevan
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June 13, 2018, 10:47:19 PM
 #13

The top 2 wallets which are mostly used in the crypto world is Nano LedgerS & Trezor, you can easily buy it with a credit/debit card or BTC from their official website. Keep in mind never buy it form 3rd party, resellers or online from Amazon/eBay. They usually sell used wallets means they already hold the seeds for that wallet so avoid it. Make sure the first time when you turn on your hardware wallet it must ask you set up a pin & to store your seed words if it didn't ask you then for sure it is used.
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June 13, 2018, 11:31:56 PM
 #14

Surfing on the bitcointalk forum, I sometimes see some threads discussing about hacking of wallets and the discussion is geared towards the best wallets to secure individuals from hackers. Hardware wallets are normally mentioned. I decided to find out about hardware wallets and my searches made me know that, wallets which are normally hacked are of software base. I found out that some viruses which attack computers are able to steal private keys from the software wallets that we normally use. The issue of virus attacking a computer makes the use of hardware wallet very advantageous over software wallet since the hardware wallet are immune against viruses, hence viruses cannot steal from such wallets. My question is what are some of the hardware wallets and how can one get a hardware wallet?
I just a little bit understand about your question.
There are some hardware wallet
1 Trezor
2 Nano ledger
3 Created your own hardware wallet through used USB (someone has posted how to do this)

If you are interesting to get hardware wallet and you can try to go to
1 https://trezor.io/ (if you are interested to buy trezor) it has a better security compared with nano
2 https://www.ledgerwallet.com/ (If you are interested to buy nano) it was focusing to support various coins.


Honestly, i'm trezor user and i never have any problem with it. But in my experience use software wallet is safe too as long as you can keep your desktop clean from the malware anytime.
I agree with you, not just the hardware wallet which is a safe place to store our assets but the software wallet is also safe as long as we protect our computer in the right and good way.

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June 13, 2018, 11:36:43 PM
 #15

Surfing on the bitcointalk forum, I sometimes see some threads discussing about hacking of wallets and the discussion is geared towards the best wallets to secure individuals from hackers. Hardware wallets are normally mentioned. I decided to find out about hardware wallets and my searches made me know that, wallets which are normally hacked are of software base. I found out that some viruses which attack computers are able to steal private keys from the software wallets that we normally use. The issue of virus attacking a computer makes the use of hardware wallet very advantageous over software wallet since the hardware wallet are immune against viruses, hence viruses cannot steal from such wallets. My question is what are some of the hardware wallets and how can one get a hardware wallet?
I just a little bit understand about your question.
There are some hardware wallet
1 Trezor
2 Nano ledger
3 Created your own hardware wallet through used USB (someone has posted how to do this)

If you are interesting to get hardware wallet and you can try to go to
1 https://trezor.io/ (if you are interested to buy trezor) it has a better security compared with nano
2 https://www.ledgerwallet.com/ (If you are interested to buy nano) it was focusing to support various coins.


Honestly, i'm trezor user and i never have any problem with it. But in my experience use software wallet is safe too as long as you can keep your desktop clean from the malware anytime.

I agree, I also use trezor and never had a problem with it. But eitherway, both nano and trezor are good investments if you are looking for long term.

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nguyenkhanhhung14
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June 13, 2018, 11:39:07 PM
Last edit: June 14, 2018, 12:49:44 AM by nguyenkhanhhung14
 #16

For the safest of your cryptos, I recommend using hardware wallets like Ledge Nano S and Trezor. Recently, e-wallets such as MEW have been hacked and exploited by the hacker, causing severe damage. So you should invest money to buy Ledge Nano S if you want to store ETH and Trezor if store Bitcoin.

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June 13, 2018, 11:42:52 PM
 #17

both. to back all data choose both is best choice because when the hardware wallet is broken you have back up in softwallet
when you lose in softwallet, you have still back up in hardware wallet
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June 13, 2018, 11:44:35 PM
 #18

I don't think there is a wallet without any threat. While software wallets are prone to hacks, hardware wallets are prone to damages. One's advantage is the others disadvantage and vise versa.

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June 13, 2018, 11:46:36 PM
 #19

Hardware wallet since is offline without keylogger is more secure than software wallet, but you need to have a decent amount of money in cryptocurrencies since the price is near 100$.
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June 13, 2018, 11:58:04 PM
Merited by Reatim (1)
 #20

Surfing on the bitcointalk forum, I sometimes see some threads discussing about hacking of wallets and the discussion is geared towards the best wallets to secure individuals from hackers. Hardware wallets are normally mentioned. I decided to find out about hardware wallets and my searches made me know that, wallets which are normally hacked are of software base. I found out that some viruses which attack computers are able to steal private keys from the software wallets that we normally use. The issue of virus attacking a computer makes the use of hardware wallet very advantageous over software wallet since the hardware wallet are immune against viruses, hence viruses cannot steal from such wallets. My question is what are some of the hardware wallets and how can one get a hardware wallet?

I dig some previous discussion Hardware Wallet for you mate:


I'm pretty sure that you will find tons of idea on which hardware wallet can suits you. Actually hardware wallets are fairly cheap that's why I don't understand why people keeps on using online or even desktop wallet. Although other wallets have advantages, specially if you are a daily trader, but if you are a long term investor and just wanted to HODL bitcoin for more than a year, then definitely a Hardware wallet is the best for you.

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