Hardware wallets to store altcoins - too expensive?

[belli4388]

hardware wallet are currently the safest places where to keep their coins, unfortunately i think they are very expensive, good results at security level can also be obtained with a software wallet as exodus or doing offline transactions with myetherwallet

[apitico]

I don't think hardware wallets are too expensive. I bought for $ 100, but this money spent guarantees you the safety of your coins and it's worth it!

[johnleo]

I think it depends on your asset, if you have a big crypto asset, you should own hardware wallet. About the price sometime there is people in this forum who offer to use his/her affiliate link to buy it in official website, they offer a cashback that will help you to reduce price.

[metalglowd]

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.

hardware wallet is also not the best choice and also does not mean having the highest security, it all depends on how we maintain, from the beginning I know crypto, and only using Private Key is more than enough to secure assets, no need for wallet hardware.

[a4techer]

If you have a lot of bitcoin it's just prefer that you use hardware wallet tHan storing on online wallet that you don't have any asurance of security and easy to hack. In terms of price I think not much expensive but it depends on the brand because my friend bought  hardware wallet around $200 from France and dilevered in our country.

[Kang Bahar]

For some people, they might consider the price of a hardware wallet is expensive. But for me, nothing. Because $100 is the accordance price to the level security of that hardware wallet. But, as long as we can keep our wallet safe, then using the trusted software wallet is not a matter.

[Impaler]

Those who have small amount of fund it's hard for them to buy a hardware wallet cause most of them are a little bit expensive. But if you have large amount to store then I will always suggest a good hardware wallet like ledger nanao s or trezor. I personally prefer ledger nano S cause it has good security small easy to use and secure. The main factor is the security in my opinion not the money if you someday lose(hope not) a lagre amount of money or maybe not that large maybe a 1000-800$ fund  that is better to buy a wallet than this. So if you have some extra money always go for it.

[BitcoinHunt3r]

For some people, they might consider the price of a hardware wallet is expensive. But for me, nothing. Because $100 is the accordance price to the level security of that hardware wallet. But, as long as we can keep our wallet safe, then using the trusted software wallet is not a matter.

Don't forget about we can use it for long time and i think even $100 is not really expensive. Because even now that people only have small amount to safe, in future if they get big amount of money, thet not confused again where they will save their money.

[setialovers]

I dont think buying hardwallet is too expensive compare with the security. I think the security of our wallet is more important than the price of hardwallet. Its more safe if we store our altcoin in hardwallet because right now many hackers trying to steal our coin and token

[geyayy]

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?

Its quite cheaper compared to credit cards and other banking services. Additionally, you would only paying once unlike on the banks that they just charge you for every transactions you'd made with your card or any of their services. I really suggest that if you are an investor, you should get a hardware wallet. Its convinient and safe compared to online wallets out their that may also sell your information if things gets worst.

[Jating]

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.

I think that's part and parcel of being our own bank. It's better to get a full functioning trusted hardware for a better price so that you know your investments are safe from any attacks. If you invested $100K in crypto, $100 dollar of hardware wallet is nothing, I guess.

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?

Older model? Probably, but it's need to be original and not refurbished or something.

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.

I guess manufacturers are charging expensive because it took them time and money as well to developed their model to be secure and trusted.

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'm not saying I'm well-off or something, I always value security so it's a easy decision to me to invest into a hardware wallet as well.

[Yudhisthir]

Hardware wallets do have an added layer of security but if you are cautious and aware of what you are doing, you can easily secure it.
For larger balances and for storing a long time, I'd always recommend paper wallet. You can just print the qr code from any generator and store it in a vault.
Crypting the private key with your secret algorithm would take any bearers 1000s of year to crack it.