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Author Topic: Are you using a hardware wallet to store your coins?  (Read 894 times)
Marina17
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November 29, 2018, 02:05:52 PM
 #61

I started using hardware wallet when I realized how many scams are around, anyone can fall for their bait. I decided for myself that it is better to buy Trezor and sleep peacefully.

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November 29, 2018, 02:07:06 PM
 #62

i don't use hardware wallet and i never experience losing my private key because i safeguard it well. i use mew to to store my coins. if you know how to be safe you won't have a porblem.
Tigerheart3026
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November 29, 2018, 02:23:25 PM
 #63

No, I am using exchange wallet. I have no hardware wallet, but I am trying to buy a hardware wallet. Hardware wallet is most secure wallet all over. One of my friend lost his 9,000$+ for hacked issue. After that he bought a ledger wallet. I want to buy also that.
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November 29, 2018, 02:40:34 PM
 #64

I started using hardware wallet when I realized how many scams are around, anyone can fall for their bait. I decided for myself that it is better to buy Trezor and sleep peacefully.

I am just using MEW and so far I have no problems encountered with it. It's just how you are going to keep your account safe and not just about what wallet you are using.

(o)(o)ilikeboobs(o)(o)
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November 29, 2018, 04:45:56 PM
 #65

yes, I'm using Ledger Nano S to store my coins
it's a good wallet, store bitcoin and so much more other altcoins
but stay aware of second hand wallet. just buy new one
sulis sudibyo
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November 29, 2018, 04:52:42 PM
 #66

I use more online wallets, I think it's easier to use and doesn't require large storage. we only need to save privatkey.

but sometimes I use hardware wallets for some new altcoins. the reason is because there is no online wallet that supports this altcoin. and saving at Exchang is too risky. so using the hardware wallet is wrong

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kanmo
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November 29, 2018, 04:57:47 PM
 #67

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?

Yes, I also use hardware wallet to store my coin because I see it as the safest way to store cryptocurrencies. Hardware wallet is safe to the extent that its nearly impossible for hacker to steal your fund.

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sanacaks
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November 29, 2018, 05:00:59 PM
 #68


I dont use hardware wallet. But I want to use it. I know this is the right way to keep my tokens safe. So what do you think is the best hardware wallet? which one do you recommend to me in particular?

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November 29, 2018, 05:12:58 PM
 #69

Of course, I bought a wallet only for storing coins that I keep in long, and so for short-term coins I choose either on the exchange or on mew is great
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November 29, 2018, 05:20:52 PM
 #70

I'm not using a har ware. for me it's more safety to hold my money on different exchanges and in few cold wallets. split between mew/blockchain info/eos etc.
I suggest to you that you should use hardwallet like trezor or ledger which will help you to keep yout tokens. Do not depend in a single wallet and try to use multiple wallet to store your token. I also use mew but once you lose your private key all your will be gone so be careful on storing of private key.

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November 29, 2018, 05:22:47 PM
 #71

Not using one, I just store my coins on trading sites. My portfolio isn't that big to use hard wallet  Grin
Wind_Crypto
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November 29, 2018, 05:27:20 PM
 #72

i use one, to store tokens which i hardly use or which i intend to keep for long term. those which i mean to trade etc. i keep on exchanges or in other quick-to-reach places...
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November 29, 2018, 05:37:59 PM
 #73

I use a hardware wallet Ledger Nano S to store my main coins. This is the most secure way to store, because the private key that grants access to your coins is never displayed.
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November 29, 2018, 05:48:00 PM
 #74

no, I don't use the hardware wallet to store the assets that I have, everything is stored in the stock wallet and some of it is still stored in myetherwallet

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November 29, 2018, 06:41:10 PM
 #75

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 live in such country where it is not easy to get the hardware wallet for the crypto.. but in my opinion these are the best wallets to have if you don't want to lose your hard earned profits but there is also a drawback to use hardware wallets according to me. keeping coins in the hardware wallet is good as long as you are plannig to hold to your portfolio not if you want to trade.. if you are a trader then you will need to make a transfer from your wallet to exchange for every trade till then maybe you lose the chance to earn the profit..

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November 29, 2018, 06:49:00 PM
 #76

I'm currently using a web wallet as storage. but I also want to use hardware wallet, unfortunately neither any hardware wallets out there support my altcoins.

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November 29, 2018, 07:23:24 PM
 #77

Yes, this is the first thing that I allowed myself to buy as soon as I began to actively engage in crypto currencies - the very first thing I seriously thought about was to ensure the security of my money, so I started with the fact that I bought myself a Trezor hardware wallet. I still use it and very pleased with the result.
staking (OP)
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November 29, 2018, 09:01:43 PM
 #78

i don't use hardware wallet and i never experience losing my private key because i safeguard it well. i use mew to to store my coins. if you know how to be safe you won't have a porblem.

Even if you are as careful as can be in handling your private key / wallet information, you can never be completely safe. There are a lot of factors, many of which you have little or no influence on. Therefore I do not agree with this statement.

The best practice is not to expose your private key in the first place. This is where a hardware wallet comes into play.
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November 30, 2018, 06:25:33 AM
 #79

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..

I agree. Hardware wallet is for those who have handsome amount in crypto. I used MEW to store my tokens and web wallet for my bitcoin. But still I feel secure that it will not lose from it. Not all my earning is for investment but also easily cashing it out t spend in daily living.

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November 30, 2018, 03:39:19 PM
 #80

I don’t use a hardware wallet. For me, it's more comfortable to use cold wallet on CEX (https://cex.io/). And I can say that offline storage is just as safe as a hardware wallet. Furthermore, it’s more convenient for traders. And there is no bother of deposit/withdrawal/transfer of crypto to and from the wallet.
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