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Author Topic: Are you using a hardware wallet to store your coins?  (Read 894 times)
payjoe93
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November 25, 2018, 04:21:23 AM
 #21

Im not use it.. my money is not for crypto only and i feel enough use web wallet.. I think hardware wallet just for someone who have a huge value of crypto asset..


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November 25, 2018, 06:28:04 AM
 #22

Waiting for Bitcoin 1k
akirasendo17
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November 25, 2018, 06:36:16 AM
 #23

not really a fan of hardware, if it fails you money or coins is gone unless you have a backup,
but dont rely on hardware so much , once it fails , then the rest is history
its okay if you keep it via web just make sure you have multiple security features
and don't ever forget the password

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baghdatis1990
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November 25, 2018, 07:03:00 AM
 #24

         I do not use a hardware wallet at the moment. I expect to make more money in my wallets online to buy one. I know Ledger hardware wallet is the best. I currently use ERC20, the myetherwallet wallet, and the investments keep them on the exchange. It is recommended, however, to use the wallets for more security and for more efficient management.

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November 25, 2018, 07:16:47 AM
 #25

No, I'm using myetherwallet for storing my coins and tokens. I know this is very prone to hacker's attack but that's only possible if you're not careful enough with handling online security. Actually the very effective way to protect your coins is don't be fooled by true good too be true promises whether when you click those shitty links of them you will earned something like this. Oh no better to stop listening and entertaining those guys. Chances that a deadly link coming your way that will lead to hacking of your wallet.

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November 25, 2018, 07:19:50 AM
 #26

No, I'm using myetherwallet for storing my coins and tokens. I know this is very prone to hacker's attack but that's only possible if you're not careful enough with handling online security. Actually the very effective way to protect your coins is don't be fooled by true good too be true promises whether when you click those shitty links of them you will earned something like this. Oh no better to stop listening and entertaining those guys. Chances that a deadly link coming your way that will lead to hacking of your wallet.
I also use the same wallet, Myetherwallet. MEW is very easy to use too and as you say it's very easy to hack too. But all of that is true if we are careful of phishing links, of course, certainly safe. And Myetherewallet also if you can bookmarks in the future to make transactions, the original link will be safer.
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November 25, 2018, 07:38:51 AM
 #27

     I use myetherwallet online wallet to keep my coins from rewards campaigns. Some money keeps them on the exchange I made the deal. Myetherwallet is the safest online wallet, but it is also prone to hacker attacks if we do not improve account security. For those who have huge profits, a hardware wallet like Ledger Nano S would be good. The Ledger Nano S has a great advantage. If you lose it, you just lose your stick, not what you have in your account.
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November 25, 2018, 08:05:30 AM
 #28

Are you using a hardware wallet to store the coins ?
I don't use wallet hardware to store coins, but I use mew to store my altcoin.

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November 25, 2018, 08:24:51 AM
 #29

Yes, I use hardware wallet one year ago, actually is don't lost your seed (not your account), I think a lot of people don't believe and don't know how the hardware wallet to secure their assets, actually they are considered secure, because the private keys never leave the physical wallet
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November 25, 2018, 08:29:41 AM
 #30

Not yet, I'm not using hardware wallet because it's expensive to get and the moment I got into crypto world everything has nosedived so I'm not financially buoyant to afford a wallet that goes for nothing less than a hundred dollars but I will definitely get one either trezor or S Ledger nano because it's the only wallet that provide 100% security
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November 25, 2018, 08:31:22 AM
 #31

Hardware wallets are state of the art devices to store your coins or tokens safely.

There are still many misconceptions about these devices. Let's talk about it!

For instance, a lot of people think that if they lose their hardware wallet, their coins are lost. This is not the case. If you lose your hardware wallet device, or if it's stolen, you can always safely restore your accounts on another wallet. All you lose is the hardware device itself, not your accounts.

The main advantage is that you never have to expose your private keys, neither for storing your coins, nor for doing transactions. It makes it almost impossible to compromise your coins, even if your computer's operating system is hacked into. Thus if you're serious about storing your coins for the long term, a hardware wallet is highly recommended.

Do you use a hardware wallet?

I am not using hardware wallet because I still have few coins only in my wallet so it could be useless for me and a pricey because it cannot compensate on my number of tokens  or coins I have, this is only good for those who are holding lots of coins.

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November 25, 2018, 08:31:41 AM
 #32

Of course, I think the hardware wallet is the safest wallet, it almost does not need to connect to the Internet every day, I think the hardware wallet can not be lost by me!

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staking (OP)
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November 25, 2018, 03:05:19 PM
Last edit: November 25, 2018, 04:46:41 PM by staking
 #33

not really a fan of hardware, if it fails you money or coins is gone unless you have a backup

All you need is your recovery phrase. The difference compared to other types of wallets is that by using a hardware wallet your private keys are never exposed to anyone.

Even if your device fails one day, or is lost, you can still access your accounts and funds. This is because the hardware wallet uses BIP39/BIP44 to generate your mnemonic phrase. This can be imported into other wallets supporting the same standard.
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November 25, 2018, 03:10:21 PM
 #34

No, but I want to buy, espercially after ledger proposal of 50% sale on their official web site.
To my mind it is a chance for every crypto user.

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November 25, 2018, 09:38:19 PM
 #35

I think hardware wallet just for someone who have a huge value of crypto asset..

Most of us start out small. What you're holding now might not be worth a lot today, but it could very well be worth a lot more than today in the future.

It's certainly not a bad idea to do one's research and look into the possibilities of storing and handling coins as securely as possible.
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November 25, 2018, 09:46:57 PM
 #36

Hardware wallets are state of the art devices to store your coins or tokens safely.
I have not seen in personal a hardware wallet but when time comes where i can get more tokens/bitcoins i would consider getting one. My concern is if i buy hardware wallet, is there a chance that you will get a fake hardware wallet as we will buy this online?

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November 25, 2018, 10:23:46 PM
 #37

hardware wallet is indeed one of the safest wallets today because all our assets will be safe if stored in a different wallet from the online wallet if we lose the wallet key then we can lose all assets in the wallet but different from the hardware wallet if you lose then missing tool and you can replace it with a new one.
But now I still rely on my wallet using metamask because it's still safe so far because I haven't switched to a hardware wallet.

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November 27, 2018, 03:50:03 PM
 #38

I am quite surprise to read the first few comments. I guess their online wallets have not been compromised yet. I just bought one and waiting for it to be delivered. I agree that it is the safest wallet available out there. You have full control and no need to worry about phishing.
But besides phishing, there are still a lot of different types of attacks that hackers today use. For all the time I spent on the forum, I realized that security is very fragile, despite all the guarantees
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November 27, 2018, 03:55:33 PM
 #39

I never used any hardware wallet yet. Cause I'm a trader and that's why I need to hold my all altcoins or Bitcoin on some crypto exchange. Cause without exchange I can't trade with my crypto coins. But in future I will use some for my long term hold.
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November 28, 2018, 11:22:21 AM
 #40

I never used any hardware wallet yet. Cause I'm a trader and that's why I need to hold my all altcoins or Bitcoin on some crypto exchange. Cause without exchange I can't trade with my crypto coins. But in future I will use some for my long term hold.
Strange, because I think that a large number of traders use this way to store cryptocurrencies because there is always a high probability that the exchange can close and you can never see your assets anymore.
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