Hardware wallets to store altcoins - too expensive?

[staking]

I noticed that a lot of people in the crypto space are actually quite interested in hardware wallets to store their coins and tokens, but for many the price is still simply too expensive.

If there was an option to buy a hardware wallet, such as Ledger or Trezor, for a fraction of the current prices, would you personally be interested in getting one? For instance, if there was an older model that lacks some fancy features compared to the newer version of the wallet but works fine both to store and transact multiple cryptocurrencies, would this grab your attention?

A hundred dollars for a hardware wallet seems to be rather expensive. This might not be the case for people who are relatively well off in the first place, yet if you hold only about fifty dollars worth of cryptocurrencies, indeed it doesn't seem to make much sense to spend double that to secure your coins. However, in the long run, as you work on increasing the amount of coins you hold, it might be a wise investment. It would be great if manufacturers were to offer models that are a lot more affordable.

Other than price, are there other factors that are holding you back from taking the plunge to hardware devices? Is the price the main factor?

[prokurovt]

In this case, the price will be rather a secondary factor of abstinence from buying. Yet, what is happening at the moment with the market and the future is questionable. Of course, I believe that everything will recover, but, at the moment, those who had a few thousand dollars in the account, eventually have a wallet with a couple of hundred. But again, the question of coin safety will never go by the wayside.

[Furious 7]

security must be the first, I think the biggest regret is when you lose your assets in large quantities.
however the decision is your choice. I think it's very easy to use a hardware wallet.

[pixie85]

There are cheap hardware wallets that are really worth having. Like a ledger nano S for $69.
https://www.amazon.com/Ledger-Nano-Cryptocurrency-Hardware-Wallet/dp/B01J66NF46

Is that a lot? You should always spend at least 1% of your investment on security. If you have more than 7000 USD in cryptocurrency it's a must have.

[tabas]

No, it's not expensive and while you are discussing this, Ledger nano s is on black friday sale so take that moment to purchase one. The price is the main factor, how much would a security would cost? how much is your anti-virus (for some its free). Security is one of the most expensive thing in the world and it doesn't mean just because you're holding $50 worth of crypto, you won't buy. Try to experience on how it goes and you'll enjoy if you are long term with crypto's.

[didzi]

I noticed that a lot of people in the crypto space are actually quite interested in hardware wallets to store their coins and tokens, but for many the price is still simply too expensive.

If there was an option to buy a hardware wallet, such as Ledger or Trezor, for a fraction of the current prices, would you personally be interested in getting one? For instance, if there was an older model that lacks some fancy features compared to the newer version of the wallet but works fine both to store and transact multiple cryptocurrencies, would this grab your attention?

A hundred dollars for a hardware wallet seems to be rather expensive. This might not be the case for people who are relatively well off in the first place, yet if you hold only about fifty dollars worth of cryptocurrencies, indeed it doesn't seem to make much sense to spend double that to secure your coins. However, in the long run, as you work on increasing the amount of coins you hold, it might be a wise investment. It would be great if manufacturers were to offer models that are a lot more affordable.

Other than price, are there other factors that are holding you back from taking the plunge to hardware devices? Is the price the main factor?

i think if we talk about security and safety from our assets,, the price from a hardware wallet was not too expensive my friend
imagine with only a hundred dollars, you can store your assets in safe place,,
and for everyone who want to keep their assets in safe, just buy a hardware wallet 

[adekogbe]

You cannot put a price on security. Securing of cryptocurrencies with hardware Wallets in my opinion is a very good approach because I don't think $150-$200 is too much to spend on a wallet that can potentially store safely millions of dollars worth of tokens.
Cryptocurrencies are volatile and real great coins can pump to very high prices so it is always better to safeguard your investments in the best possible way/form.

[coin-investor]

I noticed that a lot of people in the crypto space are actually quite interested in hardware wallets to store their coins and tokens, but for many the price is still simply too expensive.

If there was an option to buy a hardware wallet, such as Ledger or Trezor, for a fraction of the current prices, would you personally be interested in getting one? For instance, if there was an older model that lacks some fancy features compared to the newer version of the wallet but works fine both to store and transact multiple cryptocurrencies, would this grab your attention?

A hundred dollars for a hardware wallet seems to be rather expensive. This might not be the case for people who are relatively well off in the first place, yet if you hold only about fifty dollars worth of cryptocurrencies, indeed it doesn't seem to make much sense to spend double that to secure your coins. However, in the long run, as you work on increasing the amount of coins you hold, it might be a wise investment. It would be great if manufacturers were to offer models that are a lot more affordable.

Other than price, are there other factors that are holding you back from taking the plunge to hardware devices? Is the price the main factor?

It really depends on the number of coins you are holding, if you are a holder of too many coins and these are top coins then going for a hardware is a big must, but the current price of all coins right now will not attract any holders to buy one now you are right the price of both coins and the hardware is a big factor in buying hardware wallet.

[poodle63]

I noticed that a lot of people in the crypto space are actually quite interested in hardware wallets to store their coins and tokens, but for many the price is still simply too expensive.

If there was an option to buy a hardware wallet, such as Ledger or Trezor, for a fraction of the current prices, would you personally be interested in getting one? For instance, if there was an older model that lacks some fancy features compared to the newer version of the wallet but works fine both to store and transact multiple cryptocurrencies, would this grab your attention?

A hundred dollars for a hardware wallet seems to be rather expensive. This might not be the case for people who are relatively well off in the first place, yet if you hold only about fifty dollars worth of cryptocurrencies, indeed it doesn't seem to make much sense to spend double that to secure your coins. However, in the long run, as you work on increasing the amount of coins you hold, it might be a wise investment. It would be great if manufacturers were to offer models that are a lot more affordable.

Other than price, are there other factors that are holding you back from taking the plunge to hardware devices? Is the price the main factor?

I would be interested in getting one of them, i guess the security needs to be updated and that's the main reason for me personally to use the new model. If you don't wanna spend a lot of money and you can create your own wallet through use flashdisk and it's so easy. But as long as we never try to publish our privateley and that will be fine.

[kendra1107]

$80 to a $100 is not that expensive literally. But it is to many. Though will price matter considering the potential bigger losses we can incur if we don't do this security measure? I don't think so. We should protect our investments..and hardware wallets are the best ways to do that.

[Meggie Diaz]

If worth it I think it's no problem, but if you don't want to spend that much money, you can use another alternative to secure the crypto assets. One of them is by storing the private key / seed in the paper wallet, maybe this method will be much cheaper but the decision remains in your hands

[mrSamuel]

It depends on how much you assess the security of your assets. I personally think that $ 100 for security is not expensive at all. But it all depends on the size of your capital.

[saycryptohello]

buy a hardware wallet, which is now not so expensive and use as much as you need

[eidoscore]

security must be the first, I think the biggest regret is when you lose your assets in large quantities.
however the decision is your choice. I think it's very easy to use a hardware wallet.

because the price are so expensive security in hardware is more secured than digital wallet like we used now for storing our asset

[jardine]

It depends of how much crypto you have. If you have, like, 100-300$, it s not worth spent one hundred for wallet.
But if you have more than 300-500$, i think, buying wallet is a necessary thing.

You can buy wallet on Black Friday sale or Christmas sale - price may go down for a half.

If you get hacked only 1 time - you can lost all. Is it worth the economy of 100$ not spend?

[Caesar-Giulius]

IMO, I don’t think hardware wallets are expensive at $100 or less. Of course if there are more options under $100 will be good, it will benefit users with lesser budget or newbie who want to try. However, security is very important. So, don’t lookout for price but security first.

[passwordnow]

buy a hardware wallet, which is now not so expensive and use as much as you need

There aren't really expensive if you are giving importance to the crypto's that you hold, altcoins or bitcoins.

Name all of those altcoins that you think you didn't need a better and more secure wallet. If you are good holding those altcoins to their respective wallets then its fine, I wouldn't spend that much money with crypto's if I have no plan of securing my assets.

[talkbitcoin]

considering a hardware wallet is only useful for someone who plans on having large amounts of cryptocurrencies and also wants to have access to them at all times to send and receive fast and easy in a secure way, you can say that it is worth it.

these people are always traders. and as an altcoin trader they want to have their coins at the ready in an instant so that they can dump it fast while they don't want to keep it on exchanges since they can run away. so hardware wallet is good for them and the price doesn't matter since a good altcoin trader makes a lot of profit from shitcoins that get pumped and dumped.

[TravelMug]

I don't think its pricy if we're talking about security of our funds specially if you're a bagholder. But for a casual like me who doesn't have huge amount of coins then I wouldn't buy for now.


But if by chance I would get one, then there's no question that I would get either of the two. Although there a hardware wallets popping around, I would still trust trezor or nano s because that's where majority of big holders are using.

[staking]

IMO, I don’t think hardware wallets are expensive at $100 or less. Of course if there are more options under $100 will be good, it will benefit users with lesser budget or newbie who want to try. However, security is very important. So, don’t lookout for price but security first.

Less expensive options are coming. I can only suggest to look out for special deals by the manufacturers and/or to simply wait for older models to be made available at a much less expensive price.

For instance, there's the Trezor One, whose more expensive successor is the Trezor Model T. Both models work just fine. As far as I heard the former will be made available at a very affordable price in Q1 2019. I predict that more affordable hardware wallets will get a lot more people interested in using hardware security to protect private keys.