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Author Topic: hardware wallets safe?  (Read 10207 times)
akitha
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June 14, 2019, 08:34:58 AM
 #81

for me yes, its the most safest way to store your crypto currency.. unlike webwallet or other platform that we are using to store our crypto, they can completely disappear if they want..

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June 14, 2019, 08:50:36 AM
 #82

I agree that hardware wallets are the most reliable means to protect and store your cryptocurrency. I think that if you invest large sums in cryptocurrency, you should have purchased such a device for a long time, otherwise you will lose everything.
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June 14, 2019, 09:48:54 AM
 #83

However, even hardware wallets are prone to attacks including physical attacks to abstract keys, fault attacks to disrupt a wallet’s chip causing faulty behavior or hacker access, and side channel attacks, which involves a hacker “listening” to the chip’s electric or electromagnetic signature to gain access to the device.
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June 14, 2019, 10:00:54 AM
 #84

Yes, those are much safer compared to usual wallets. But it doesn't makes sense if you have small amount of crypto, because in this case it is better to switch on active trading mode))
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June 14, 2019, 10:20:24 AM
 #85

I agree that hardware wallets are the most reliable means to protect and store your cryptocurrency. I think that if you invest large sums in cryptocurrency, you should have purchased such a device for a long time, otherwise you will lose everything.

Hardwallet is most secure thing to store our coin or token. But if we are keep our coin and token in website wallet like MEW should be safe as long we keep private key secure and not share it to anyone.
The important thing is we should not hold our coin in exchangers wallet because hackers always want to find a way to hack exchangers and stole our coin
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June 14, 2019, 10:32:46 AM
 #86

A hardware wallet for me is the best, when you are about to send bitcoin or any altcoin from that wallet, ledger nano s to be specific. There's a need to confirm that with the hardware itself. Just keep your recovery phrase in a safe place and your funds will be safe too.

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altcoinhunter01
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June 14, 2019, 11:22:54 AM
 #87

Hardware wallets have the highest security level as it can access only by the owner and no illegal access is possible because it can not be accessed online. Only the owner can make any transaction.

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moynul2050
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June 14, 2019, 11:59:05 AM
 #88

to my knowledge the best storage is using Hardware Wallet.
Wallet's many available options include online wallets, but until now Wallet's hardware is the safest.
MonsterV
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June 14, 2019, 12:17:11 PM
 #89

The hardware wallet is very safe to keep all of the cryptocurrency, and we know that the hardware wallet supports almost all of the coins, so we don't have to worry. The hardware wallet doesn't have to always connect to the internet, and we can save it in the safe place which only we that will know the place. Many people have already use the hardware wallet because they are a concern with the safety of their coins, and they don't want to see something bad will happen later. The price of the hardware wallet itself is not too expensive so we can buy 1 or 2 hardware wallet to save the coin and we don't have to keep it in the exchanges.

Yes, it's true, but hardware wallets aren't actually very safe because hardware wallets are also vulnerable even we can lose our money when the hardware we use is damaged. Yes, but I think the hardware wallet is the best now, and we are fully responsible for what happens to our money. Of course we need to maintain the device we are using to minimize damage.

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JuliaJi
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June 14, 2019, 02:58:43 PM
 #90

I bought ledger nano and thinking that it is the most safer than others! But as shown practice everything could be hacked even huge exchanges
shadowduck
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June 14, 2019, 03:30:01 PM
 #91

I bought ledger nano and thinking that it is the most safer than others! But as shown practice everything could be hacked even huge exchanges
but I did not hear the ledger wallet was hacked. I know cases of physical theft of these wallets but not remote hacking

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June 14, 2019, 03:40:54 PM
 #92

Hardware wallet is actually the safest wallet in as much as one doesn't expose the seed to the wallet. The wallet is safe and it can't be easily hacked because the private to the wallet doesn't get out of the wallet.

john_nautica
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June 14, 2019, 04:19:23 PM
 #93

Hardware wallet is very safe for storing assets. I currently use Trezzor for storage and hope that if there are no errors that will only make the assets become lost or stolen due to hacker actions

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June 14, 2019, 04:41:07 PM
 #94

For sure, at least compared to other ways of keeping funds. But you have to make sure that hardware on which you are keeping crypto is safe as well.
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June 14, 2019, 04:48:08 PM
 #95

For sure, at least compared to other ways of keeping funds. But you have to make sure that hardware on which you are keeping crypto is safe as well.
and you also need to learn how to keep your seed phrase safe because, as a rule, such wallets can be hacked only because of the incorrect storage of a closed phrase

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June 14, 2019, 04:48:17 PM
 #96

I don't know about hardware wallets because I often use software wallets, and about hardware security who don't know and I am more confident in the software wallet because it has proven to be safer than this, and again I am too comfortable with the wallet  has been very proven

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June 14, 2019, 04:48:49 PM
 #97

offline hardware wallets are the best solution, because of the high security that very rarely will be stolen,
but we must be very careful to save it if we lose it most likely all the assets we have are lost too.
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June 14, 2019, 05:00:08 PM
 #98

Hardware wallets are currently the safest way how to store your cryptocurrencies. But do not forget that the most vulnerable thing is backup phrase written on the paper or much worse to your computer.
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June 14, 2019, 05:09:52 PM
 #99

I think hardware wallet is much safer to use, provided you have to be able to keep it well and not forget it

dipeco
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June 14, 2019, 05:14:50 PM
 #100

Nothing is safe in this world, especially in the crypto currencies industry. Just look at this forum and count how many posts about hacking are posted every day. However, a hardware wallet is much safer as a regular MEW.
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